Is Maris Spinners overvalued or undervalued?

As of 25 April 2023, the valuation grade for Maris Spinners has moved from does not qualify to risky. The company appears to be overvalued given its negative PE ratio of -23.35 and a high EV to EBITDA ratio of 20.82. Additionally, the return on capital employed (ROCE) stands at -1.50%, indicating inefficiency in generating returns from capital.
When compared to peers, Maris Spinners shows significant discrepancies; for instance, K P R Mill Ltd is categorized as very expensive with a PE ratio of 47.51, while Trident is considered fair with a PE of 42.6. The overall assessment suggests that Maris Spinners is overvalued in the current market context, especially as it has underperformed against the Sensex over the longer term, despite a recent uptick in stock performance.