Is Promax Power overvalued or undervalued?

As of 17 November 2025, the valuation grade for Promax Power has moved from expensive to fair. The company appears to be fairly valued at this time. Key ratios include a PE Ratio of 26.18, an EV to EBITDA of 15.87, and a ROCE of 10.84%.
In comparison to its peers, Promax Power's PE Ratio is notably higher than NTPC's 13.47 but lower than Tata Power Co.'s 31.05. Additionally, while Promax Power has a PEG Ratio of 0.00, indicating no growth expectations, it is important to note that other peers like NLC India, which is rated attractive, have a PEG of 0.32. Recent stock performance shows that Promax Power has underperformed against the Sensex, with a year-to-date return of -44.66% compared to the Sensex's 8.72%, reinforcing the notion that the stock may be fairly valued given its current market conditions.