Is Mid India Inds. overvalued or undervalued?

As of 25 April 2023, the valuation grade for Mid India Industries has moved from does not qualify to risky. The company appears to be overvalued based on its financial ratios, which include a PE ratio of -12.91, an EV to EBITDA of -12.86, and an EV to Sales of 2.03. These negative ratios indicate significant financial distress and lack of profitability.
In comparison to its peers, Mid India Industries stands out unfavorably against K P R Mill Ltd, which has a PE ratio of 47.51, and Trident, with a PE ratio of 42.6. The negative capital employed and negative book value further reinforce the notion that the company is not performing well financially. Additionally, the stock has underperformed the Sensex over various periods, notably showing a year-to-date decline of 14.59% compared to the Sensex's gain of 5.59%. Overall, Mid India Industries is assessed as overvalued given its current financial standing and market performance.