Is Nitiraj Engineer overvalued or undervalued?

Oct 09 2025 08:07 AM IST
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As of October 8, 2025, Nitiraj Engineer is fairly valued with a PE ratio of 33.88, lower than its expensive peers Thermax and BEML Ltd, but has underperformed the Sensex with a return of -16.25% over the past year.
As of 8 October 2025, Nitiraj Engineer's valuation grade has moved from attractive to fair, indicating a shift in its perceived value. The company is currently fairly valued based on its financial metrics. Key ratios include a PE ratio of 33.88, an EV to EBITDA of 16.93, and a Price to Book Value of 2.52.

In comparison to its peers, Nitiraj Engineer's PE ratio is significantly lower than that of Thermax, which stands at 56.15, and BEML Ltd, which has a PE of 59.51, both categorized as expensive. Despite the fair valuation, Nitiraj Engineer has underperformed relative to the Sensex over the past year, with a return of -16.25% compared to a mere 0.13% for the index. Overall, the company appears to be fairly valued in the current market context.
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