Is NINtec Systems overvalued or undervalued?

As of 20 June 2025, NINtec Systems has moved from a fair to an expensive valuation grade. The company appears to be overvalued based on its current metrics. Key ratios include a PE Ratio of 32.04, an EV to EBITDA of 24.28, and a Price to Book Value of 13.75, all of which indicate a premium valuation compared to its peers.
In comparison, TCS and HCL Technologies, which are rated attractive, have PE Ratios of 25.59 and 27.15, respectively, highlighting that NINtec Systems is trading at a higher valuation without a corresponding justification in growth or profitability. Furthermore, the company's recent stock performance has lagged behind the Sensex, with a year-to-date return of -17.93% compared to the Sensex's 5.46%, reinforcing the notion that it is currently overvalued.