Is National Standar overvalued or undervalued?

As of 18 July 2025, the valuation grade for National Standar has moved from very expensive to risky, indicating a significant shift in market perception. The company is currently assessed as overvalued. Key ratios reveal a PE ratio of 433.28, an EV to EBITDA of -2659.44, and a ROE of 4.24%.
In comparison with peers, Mahamaya Steel has a PE ratio of 82.12 and is classified as very expensive, while Azad India, also risky, shows a PE of 559.62. These comparisons highlight that National Standar's valuation metrics are substantially higher, suggesting it may not be justified given its financial performance. Additionally, the company's stock has underperformed significantly against the Sensex, with a year-to-date return of -42.79% compared to the Sensex's 4.63%, reinforcing the notion of overvaluation.