Is Redington overvalued or undervalued?

As of 17 September 2025, Redington's valuation grade has moved from fair to expensive, indicating a shift in its perceived value. The company is currently considered overvalued. Key ratios include a PE ratio of 20.16, an EV to EBITDA of 11.80, and a ROE of 12.67%.
In comparison to its peers, Redington's PE ratio is significantly lower than that of Aditya Infotech, which stands at 126.41, while Tejas Networks presents a more attractive valuation with a PE of 62.49. Despite its strong recent performance, with a year-to-date return of 46.28% compared to the Sensex's 5.83%, the current valuation suggests that Redington may not offer sufficient upside potential at its current price of 292.35.