Is Niks Technology overvalued or undervalued?

As of 22 September 2025, Niks Technology's valuation grade has moved from expensive to fair. The company is currently fairly valued, with a PE ratio of 21.69, an EV to EBIT ratio of 19.33, and a PEG ratio of 0.55. In comparison to peers, TCS has a PE ratio of 22.58 and an EV to EBITDA of 15.91, while Infosys shows a PE of 22.86 and an EV to EBITDA of 15.02, indicating that Niks Technology is positioned competitively within its industry. Despite a recent decline in stock performance, with a year-to-date return of -6.47% compared to the Sensex's 5.15%, the company's solid ROCE of 16.74% and ROE of 7.21% suggest a stable operational efficiency. Overall, Niks Technology presents a fair investment opportunity given its current valuation metrics and peer comparisons.