Is Mish Designs overvalued or undervalued?

As of 19 September 2025, Mish Designs has moved from an attractive to a very attractive valuation grade. The company appears to be undervalued, given its current PE ratio of 19.19, EV to EBIT of 14.16, and EV to EBITDA of 13.76. In comparison to peers, K P R Mill Ltd is very expensive with a PE ratio of 47.3, while Vardhman Textile is fairly valued with a PE of 14.4, highlighting Mish Designs' relative attractiveness in the market.
Despite the recent stock performance showing a significant decline of 73.2% over the past year compared to a slight drop of 0.67% in the Sensex, the valuation metrics suggest that Mish Designs is positioned well within its industry. The PEG ratio of 0.00 indicates strong growth potential, further supporting the conclusion that the company is undervalued relative to its peers and market conditions.