Is Kanishk Steel overvalued or undervalued?

Nov 17 2025 08:07 AM IST
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As of November 14, 2025, Kanishk Steel's valuation has shifted to fair, with a PE ratio of 14.88, lower than peers like JSW Steel and Tata Steel, and despite this fair valuation, it has outperformed 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 is currently fairly valued based on its financial metrics. Key ratios include a PE ratio of 14.88, an EV to EBITDA of 16.31, and a ROE of 10.09%.

In comparison with peers, Kanishk Steel's PE ratio is significantly lower than that of JSW Steel, which stands at 46.61, and Tata Steel, which is rated attractive with a PE of 29.2. This suggests that Kanishk Steel may be undervalued relative to its peers, despite its current fair valuation. Additionally, Kanishk Steel has outperformed the Sensex in various time frames, including a year-to-date return of 64.84% compared to the Sensex's 8.22%, reinforcing the notion that the stock may have room for growth.
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