Is Nitiraj Engineer overvalued or undervalued?

Sep 30 2025 08:05 AM IST
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As of September 29, 2025, Nitiraj Engineer is considered undervalued with a PE ratio of 33.36 and favorable comparisons to peers, despite a recent decline in stock performance, indicating strong long-term potential.
As of 29 September 2025, Nitiraj Engineer has moved from a fair to attractive valuation grade. The company is currently considered undervalued, with a PE ratio of 33.36, an EV to EBITDA of 16.64, and a Price to Book Value of 2.48. In comparison to its peers, Nitiraj Engineer's valuation appears favorable; for instance, Thermax has a significantly higher PE ratio of 55.65, while BEML Ltd is even more expensive at 56.6.

Despite some recent volatility, where the stock has underperformed the Sensex over the past year with a decline of 20.9% compared to the Sensex's drop of 5.90%, the long-term performance remains strong, with a 3-year return of 167.93%. This suggests that the current market price may not fully reflect the company's potential, reinforcing the view that Nitiraj Engineer is undervalued relative to its peers and its historical performance.
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