Is Marinetrans Indi overvalued or undervalued?

As of 7 October 2025, Marinetrans Indi has moved from an expensive to a fair valuation grade. The company is currently fairly valued, with a PE ratio of 19.60, an EV to EBITDA of 14.27, and a Price to Book Value of 0.76. In comparison to its peers, Altius Telecom is rated very attractive with a PE ratio of 54.74, while Sagility is also rated fair with a PE of 31.5, indicating that Marinetrans Indi is positioned more favorably in terms of valuation metrics.
Despite its fair valuation, Marinetrans Indi has underperformed compared to the Sensex, with a year-to-date return of -35.83% versus the Sensex's 6.19%. This underperformance may suggest that the market has not fully recognized the company's fair valuation relative to its peers, particularly when considering its low EV to Sales ratio of 0.17 and ROE of just 1.93%. Overall, Marinetrans Indi appears to be a reasonable investment opportunity at its current price of 15.40.