Is Niks Technology overvalued or undervalued?

As of 17 October 2025, the valuation grade for Niks Technology has moved from expensive to fair. The company is currently fairly valued. Key ratios include a PE ratio of 48.00, an EV to EBIT of 19.24, and a ROCE of 16.74%. In comparison to its peers, TCS is rated attractive with a PE of 21.31, while Infosys is also fair with a PE of 21.29. Niks Technology's valuation appears reasonable in the context of its industry, although it remains significantly higher than its peers. Notably, while Niks has underperformed the Sensex year-to-date with a return of -6.86% compared to the Sensex's 7.44%, its strong historical performance over three years at 152.63% suggests potential for future growth.