Is Naksh Precious overvalued or undervalued?

As of 3 November 2025, Naksh Precious has moved from a fair to an expensive valuation grade. The company appears to be overvalued based on its current financial ratios, including a Price to Earnings (PE) ratio of 13.70, an EV to EBIT ratio of 5.50, and a PEG ratio of 0.05. These figures suggest that the stock is not justified at its current price level given its earnings growth prospects.
In comparison to its peers, Naksh Precious's PE ratio is significantly lower than that of Elitecon International, which has a PE ratio of 358.31, and MMTC, which stands at 144.06. Additionally, PTC India, a peer deemed very attractive, has a much lower PE ratio of 7.99, indicating that Naksh Precious may not be competitively priced within its industry. The company's recent stock performance has also been poor, with a year-to-date return of -44.86%, contrasting sharply with the Sensex's return of 7.47% over the same period, further reinforcing the notion that Naksh Precious is currently overvalued.