Is Niks Technology overvalued or undervalued?

As of 25 September 2025, Niks Technology has moved from an expensive to a fair valuation grade. 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 its peers, TCS has a slightly higher PE ratio of 21.74 and an attractive valuation, while Infosys, also fairly valued, has a PE ratio of 22.62. Despite the recent stock performance showing a year-to-date decline of 6.47% compared to a 3.87% gain in the Sensex, Niks Technology's valuation metrics suggest it is positioned well within its industry. The company’s ROCE stands at 16.74%, indicating efficient capital use, which further supports its fair valuation status amidst a competitive landscape.