Is Jigar Cables overvalued or undervalued?

As of 16 October 2025, Jigar Cables has moved from a very attractive to an attractive valuation grade. The company is currently considered fairly valued. Key ratios include a PE ratio of 26.10, an EV to EBITDA of 11.05, and a PEG ratio of 0.36, which suggests growth potential relative to its price. In comparison to its peers, Jigar Cables has a lower PE ratio than Polycab India, which stands at 51.46, and Havells India, at 65.35, indicating that Jigar may be undervalued relative to these more expensive competitors. Notably, Jigar's ROCE is 19.78%, which is competitive within the industry. Despite recent underperformance against the Sensex, with a 1-year return of -28.62% compared to the Sensex's 2.41%, the company's valuation metrics suggest it is positioned well within its market segment.