Is Jigar Cables overvalued or undervalued?

As of 15 October 2025, Jigar Cables has moved from an attractive to a very attractive valuation grade, indicating a strong improvement in its perceived value. The company is currently considered undervalued. Key ratios include a PE ratio of 24.72, an EV to EBITDA of 10.48, and a PEG ratio of 0.34, which suggests that the stock is priced favorably relative to its growth prospects. In comparison to its peers, Jigar Cables' valuation appears more favorable than Polycab India, which has a PE ratio of 52.05, and Havells India, with a PE of 65.04. Additionally, Jigar Cables' ROCE stands at 19.78%, highlighting its efficient use of capital compared to peers. Despite recent stock performance showing a decline of 32.4% over the past year, the long-term outlook remains positive, with a 3-year return of 136.62%, significantly outperforming the Sensex.