Is Khandwala Sec. overvalued or undervalued?

As of 10 October 2025, Khandwala Sec. has moved from a grade of risky to expensive. The company is currently overvalued based on its financial metrics and peer comparisons. Key ratios include a PE Ratio of -18.05, an EV to EBITDA of -3.82, and a ROCE of -28.22%.
In comparison to its peers, Khandwala Sec. stands out negatively; for instance, Bajaj Finance has a PE Ratio of 36.56 and Bajaj Finserv shows a PE of 33.63, both indicating much stronger valuations. Additionally, the company's recent stock performance has been poor, with a year-to-date return of -20.17%, contrasting sharply with the Sensex's positive return of 5.58% over the same period, further reinforcing the notion that Khandwala Sec. is overvalued in the current market environment.