Is Jigar Cables overvalued or undervalued?

As of 25 September 2025, the valuation grade for Jigar Cables has moved from risky to very expensive, indicating a significant shift in its perceived value. The company is currently considered overvalued. Key ratios include a PE ratio of 26.12, an EV to EBITDA of 11.77, and a ROCE of 18.58%. In comparison to its peers, Jigar Cables' PE ratio is notably lower than that of Polycab India at 50.3 and Havells India at 68.33, both of which are categorized as very expensive and expensive, respectively. Despite this, Jigar Cables' valuation remains high relative to the industry, suggesting that it may not be a favorable investment at this time. Additionally, the company's recent stock performance has lagged behind the Sensex, with a 1-year return of -27.78% compared to the Sensex's -4.71%, further reinforcing the notion of overvaluation.