Is Jigar Cables overvalued or undervalued?

As of 6 October 2025, the valuation grade for Jigar Cables has moved from very expensive to attractive, indicating a significant shift in its market perception. The company is currently assessed as undervalued. Key financial ratios include a PE ratio of 30.02, an EV to EBITDA of 12.68, and a PEG ratio of 0.41, which suggests that the stock is priced favorably relative to its growth prospects.
In comparison to its peers, Jigar Cables stands out with a lower PE ratio than Polycab India (51.7) and Havells India (66.51), both of which are considered very expensive. Additionally, Jigar's EV to EBITDA ratio is more favorable than that of KEI Industries (36.89) and R R Kabel (26.87). Notably, Jigar Cables has outperformed the Sensex in the short term, with a 1-week return of 14.92% compared to the Sensex's 1.77%, reinforcing the attractiveness of its current valuation.