Is Jindal Saw overvalued or undervalued?

As of 2 June 2025, Jindal Saw's valuation grade has moved from very attractive to attractive, indicating a shift in its perceived value. The company is currently considered undervalued based on its key financial ratios, which include a PE ratio of 8.02, an EV to EBITDA of 5.26, and a ROE of 15.23%. In comparison to its peers, Jindal Saw's PE ratio is significantly lower than that of JSW Steel, which stands at 64.98, and Tata Steel at 51.92, both of which are categorized as fair or attractive.
Despite the recent downgrade in valuation grade, Jindal Saw has demonstrated strong performance with a 5.11% return over the past week, outperforming the Sensex's return of 1.41%. However, the year-to-date performance shows a decline of 22.89%, contrasting with the Sensex's 5.61% gain. Overall, Jindal Saw appears to be undervalued relative to its peers and its historical performance, suggesting potential for future appreciation.