Is Marinetrans Indi overvalued or undervalued?

As of 18 November 2025, Marinetrans Indi has moved from a fair to an expensive valuation grade. The company appears to be overvalued based on its current metrics, particularly with a PE Ratio of 40.72, an EV to EBIT of 17.14, and an EV to EBITDA of 15.56. These ratios indicate a significant premium compared to its peers, such as Altius Telecom, which has a PE of 51.84 and an EV to EBITDA of 9.65, suggesting that Marinetrans Indi is not just expensive but may also be mispriced relative to its industry.
In comparison to the broader market, Marinetrans Indi's stock has underperformed significantly, with a year-to-date return of -33.33% against the Sensex's 9.58%. This stark contrast reinforces the notion that the company is overvalued, especially given its low ROCE of 4.84% and ROE of 1.90%, which further highlight inefficiencies in generating returns relative to its market price. Overall, Marinetrans Indi's valuation metrics and performance indicate that it is currently overvalued.