Is Maiden Forgings overvalued or undervalued?

As of 22 August 2025, the valuation grade for Maiden Forgings has moved from very expensive to expensive. The company is currently considered overvalued based on its financial metrics. Key ratios include a PE ratio of 18.56, an EV to EBITDA of 8.96, and a ROE of 8.53%.
In comparison with peers, JSW Steel has a PE ratio of 50.31 and Tata Steel shows a PE of 40.78, both indicating more favorable valuations in the industry. Additionally, Maiden Forgings' PEG ratio is notably at 0.00, which suggests no growth expectations are priced in, further emphasizing its overvaluation. The stock has underperformed relative to the Sensex over the past year, with a return of -16.4% compared to the Sensex's 0.31%, reinforcing the notion that the stock may not be a favorable investment at its current price of 79.00.