Is Marinetrans Indi overvalued or undervalued?

As of 18 September 2025, Marinetrans Indi has moved from an attractive to a fair valuation grade. The company is currently fairly valued, with a PE ratio of 20.36, an EV to EBITDA ratio of 13.39, and a Price to Book Value of 0.80. These metrics suggest that while the company is not undervalued, it also does not appear to be overvalued in comparison to its peers.
In the peer comparison, Marinetrans Indi's PE ratio is significantly lower than that of Altius Telecom, which has a PE ratio of 54.74, indicating that Marinetrans may be a more attractive option within its sector. However, it is also worth noting that the company has a lower return on equity (ROE) of 1.96% compared to the industry average, which may raise concerns about its profitability. Additionally, Marinetrans' stock has underperformed relative to the Sensex, with a year-to-date return of -33.33% compared to the Sensex's 7.52%, reinforcing the notion that the stock is currently fairly valued.