Is Khandwala Sec. overvalued or undervalued?

As of 17 October 2025, Khandwala Securities has moved from a grade of risky to expensive, indicating a significant shift in valuation perception. The company is currently considered overvalued based on its financial metrics. Key ratios include a PE ratio of -17.35, an EV to EBITDA of -3.61, and a ROCE of -28.22%, all of which reflect underlying financial distress.
In comparison to its peers, Khandwala Securities stands out negatively; for instance, Bajaj Finance has a PE ratio of 38.21, while Life Insurance boasts a more attractive PE of 11.49. The company's performance has been notably poor, with a year-to-date return of -23.29%, contrasting sharply with the Sensex's gain of 7.44% during the same period. Overall, Khandwala Securities appears to be overvalued relative to its financial health and peer performance.