Is Konstelec Engg. overvalued or undervalued?

As of 17 October 2025, Konstelec Engineering has moved from a fair to an expensive valuation grade. The company is currently considered overvalued based on its financial metrics. Key ratios include a PE ratio of 22.57, an EV to EBIT of 12.58, and a ROE of 4.67%.
In comparison to its peers, Konstelec's PE ratio is significantly lower than that of Rail Vikas, which stands at 58.02, and much higher than Ircon International, which is valued attractively at a PE of 23.8. The company's recent stock performance has been notably poor, with a year-to-date return of -45.76%, contrasting sharply with the Sensex's positive return of 8.73% during the same period. This further reinforces the view that Konstelec is overvalued in its current market position.