Is Mah. Seamless overvalued or undervalued?

As of 6 November 2025, Mah. Seamless has moved from an attractive to a very attractive valuation grade. The company appears to be undervalued, with a PE ratio of 9.38, a price to book value of 0.11, and a negative EV to EBIT of -26.77. These metrics suggest that the stock is trading at a significant discount compared to its intrinsic value.
In comparison to its peers, Mah. Seamless stands out with a much lower PE ratio than JSW Steel, which has a PE of 46.66 and is considered expensive, and Tata Steel, which is fairly valued at a PE of 45.59. Additionally, the PEG ratio for Mah. Seamless is 0.00, indicating potential for growth at a low cost compared to its peers. Despite recent underperformance against the Sensex, with a year-to-date return of -21.52% versus the Sensex's 6.62%, the valuation metrics suggest that Mah. Seamless may represent a compelling investment opportunity at its current price of 548.50.