Is Photoquip India overvalued or undervalued?

As of 14 November 2025, the valuation grade for Photoquip India has moved from attractive to risky, indicating a significant shift in its investment appeal. The company is currently deemed overvalued, particularly highlighted by its high PE ratio of 66.01 and an EV to EBITDA ratio of 17.76, which are substantially higher than its peers. In comparison, Altius Telecom, considered very attractive, has a PE ratio of 51.5, while Sagility, rated fair, has a PE of 31.2, illustrating the disparity in valuation metrics.
Photoquip India's return on capital employed (ROCE) stands at a low 3.08%, and its return on equity (ROE) is just 1.74%, further supporting the view that the company may not be generating sufficient returns relative to its valuation. Additionally, the stock has underperformed significantly against the Sensex, with a year-to-date decline of 32.46% compared to the index's gain of 8.22%. This combination of high valuation ratios and poor performance metrics suggests that Photoquip India is overvalued in the current market environment.