Is Naksh Precious overvalued or undervalued?

As of 7 November 2025, Naksh Precious has moved from a fair to an expensive valuation grade. The company appears to be overvalued given its current financial metrics. Key ratios include a PE Ratio of 13.81, an EV to EBIT of 5.55, and a ROCE of 7.65%.
In comparison to its peers, Naksh Precious's PE ratio is significantly lower than Elitecon International, which stands at 378.62, and MMTC, which is at 139.02, indicating a stark contrast in valuation. Furthermore, the company's performance has been lackluster, with a year-to-date return of -44.41%, compared to a positive 6.50% return for the Sensex. This reinforces the notion that Naksh Precious is currently overvalued in the market.