Is Jigar Cables overvalued or undervalued?

As of 26 August 2025, the valuation grade for Jigar Cables has moved from very expensive to fair, indicating a significant shift in its perceived market value. The company is currently fairly valued, with a PE ratio of 28.13, an EV to EBIT of 14.16, and a PEG ratio of 0.38, suggesting a favorable growth outlook compared to its price.
In comparison to its peers, Jigar Cables stands out with a lower PE ratio than Polycab India, which has a PE of 47.79, and a more attractive PEG ratio than Havells India, which sits at 47.09. The company's return over the last three years has been impressive at 169.23%, significantly outperforming the Sensex's 37.31% return in the same period, reinforcing its valuation story.