Is Nelcast overvalued or undervalued?

As of 8 November 2024, Nelcast's valuation grade has moved from very attractive to attractive, indicating a shift in market perception. The company is currently assessed as fairly valued. Key ratios include a PE ratio of 33.82, an EV to EBITDA of 15.58, and a ROE of 6.22%.
In comparison with peers, Nelcast's PE ratio is significantly lower than Bharat Forge's 59.98 and Sona BLW Precision's 51.71, which are considered very expensive. On the other hand, CIE Automotive, which is also rated attractive, has a PE of 21.15, suggesting that Nelcast may still hold some value relative to its peers. Notably, while Nelcast has outperformed the Sensex over longer periods, it has recently underperformed in the past week and year, which may reflect the current valuation sentiment.