Is Khandwala Sec. overvalued or undervalued?

As of 17 October 2025, Khandwala Securities has moved from a valuation grade of risky to expensive. The company is currently overvalued based on its financial metrics, which include a PE ratio of -17.35, an EV to EBIT of -3.43, and a ROE of -2.73%. These ratios indicate significant financial distress, particularly with negative earnings and returns on equity.
In comparison to its peers, Khandwala Securities stands out unfavorably. For instance, Bajaj Finance has a PE ratio of 38.21, while Life Insurance boasts a much healthier EV to EBITDA of 8.94. The stark contrast in these ratios highlights Khandwala's relative weakness in the capital markets sector. Additionally, the company's recent stock performance has lagged behind the Sensex, with a year-to-date return of -23.29% compared to the Sensex's 7.44%, reinforcing the notion that Khandwala is currently overvalued.