Is Quasar India overvalued or undervalued?

As of 14 August 2025, Quasar India has moved from an attractive to a risky valuation grade. The company is currently overvalued based on its financial metrics, which include a PE ratio of -22.85, an EV to EBIT of -21.89, and a ROE of -8.69%. These figures indicate significant financial distress, particularly the negative PE and EV ratios, which suggest that the company is not generating profits relative to its valuation.
In comparison to its peers, Quasar India stands out with a notably negative PE ratio, while MMTC has a PE of 131.56, indicating a stark contrast in valuation and performance. Additionally, PTC India, categorized as very attractive, has a PE ratio of 8.9, further emphasizing Quasar's overvaluation. The company's recent stock performance has been poor, with a year-to-date return of -74.19% compared to a 3.15% gain in the Sensex, reinforcing the notion that Quasar India is not a favorable investment at this time.