Is Marinetrans Indi overvalued or undervalued?

As of 29 September 2025, Marinetrans Indi has moved from a fair to an expensive valuation grade. The company is currently considered overvalued, with a PE ratio of 20.62, an EV to EBIT of 16.32, and an EV to EBITDA of 14.82. These ratios indicate that the stock is priced higher relative to its earnings and cash flows compared to its peers.
In comparison to its industry peers, Marinetrans Indi's PE ratio is significantly lower than that of Altius Telecom, which has a PE of 54.74, indicating that Marinetrans may not be justifying its current price. Additionally, the company's ROCE stands at a mere 5.13%, while its ROE is only 1.93%, both of which are relatively low and suggest inefficiency in generating returns. The recent stock performance shows a decline of 37.45% over the past year, contrasting with a modest 4.19% gain in the Sensex, further reinforcing the overvaluation narrative.