Is Maha Rashtra Apx overvalued or undervalued?

As of 14 August 2025, the valuation grade for Maha Rashtra Apx has moved from very attractive to very expensive, indicating a significant shift in its market perception. The company appears to be overvalued at this time. Key ratios highlight this concern: the PE ratio stands at 7.21, while the EV to EBITDA ratio is an alarming -111.89, suggesting severe operational inefficiencies. Additionally, the ROE and ROCE are both negative at -0.35% and -0.32%, respectively, further emphasizing the company's struggles.
In comparison to its peers, Maha Rashtra Apx's valuation metrics are notably less favorable. For instance, Life Insurance, categorized as very attractive, has a PE ratio of 11.53 and an EV to EBITDA of 8.97, while Bajaj Finance, deemed very expensive, shows a PE of 30.73 and an EV to EBITDA of 17.64. These comparisons illustrate that Maha Rashtra Apx is not only lagging behind its competitors but also carries a much higher risk given its current financial ratios. Despite a recent uptick in stock price, the year-to-date return of -24.78% starkly contrasts with the Sensex's positive return of 3.15%, reinforcing the notion that the stock is overvalued.