Is Jindal Capital overvalued or undervalued?

As of 10 October 2025, Jindal Capital's valuation grade has moved from expensive to very expensive, indicating a significant shift in its perceived market value. The company is currently overvalued, with a PE ratio of 30.53, an EV to EBIT of 18.97, and an EV to EBITDA of 18.77. In comparison to its peers, Bajaj Finance has a higher PE ratio of 36.56 and an EV to EBITDA of 19.67, while Life Insurance stands out with a more attractive valuation at a PE of 11.65 and an EV to EBITDA of 9.08.
The current market price of Jindal Capital is 42.36, which is notably higher than its 52-week low of 34.65 but significantly lower than its 52-week high of 59.70. Recent performance shows that the stock has underperformed against the Sensex, particularly over the past year with a return of -23.11% compared to the Sensex's 1.09%. This underperformance, coupled with the high valuation ratios, reinforces the conclusion that Jindal Capital is overvalued in the current market environment.