Is Megatherm Indu. overvalued or undervalued?

As of 26 September 2025, Megatherm Industries has moved from a very attractive to an attractive valuation grade. The company appears to be fairly valued based on its current metrics. Key ratios include a PE ratio of 25.08, an EV to EBITDA of 14.30, and a ROCE of 26.91%.
In comparison to its peers, Megatherm's PE ratio is significantly lower than Rail Vikas, which has a PE of 59.1, and Tube Investments, which stands at 93.17. This suggests that while Megatherm is positioned attractively within its sector, it is still facing challenges reflected in its recent stock performance, which has underperformed the Sensex over various periods, particularly with a year-to-date return of -12.21% compared to the Sensex's 4.27%.