Is Kanishk Steel overvalued or undervalued?
As of November 14, 2025, Kanishk Steel's valuation has shifted from attractive to fair, with a PE ratio of 14.88, an EV to EBITDA of 16.31, and a ROE of 10.09%, positioning it conservatively compared to peers like JSW Steel and Tata Steel, while still outperforming the Sensex with a year-to-date return of 64.84%.
As of 14 November 2025, Kanishk Steel's valuation grade has moved from attractive to fair, indicating a shift in market perception. The company appears to be fairly valued based on its current metrics, with a PE ratio of 14.88, an EV to EBITDA of 16.31, and a ROE of 10.09%. In comparison to its peers, Kanishk Steel's valuation stands out; for instance, JSW Steel has a significantly higher PE ratio of 46.61, while Tata Steel, rated as attractive, has a PE of 29.2. This suggests that Kanishk Steel is positioned more conservatively within the industry. Additionally, the company has outperformed the Sensex over various periods, with a year-to-date return of 64.84% compared to the Sensex's 8.22%, reinforcing its competitive standing despite the recent downgrade in valuation grade.
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