Is Relicab Cable overvalued or undervalued?

As of 10 October 2025, the valuation grade for Relicab Cable has moved from fair to attractive, indicating a positive shift in its perceived value. The company is currently considered undervalued based on its financial metrics. Key ratios include a PE ratio of 32.41, an EV to EBITDA of 16.84, and a ROCE of 17.30%.
In comparison to its peers, Relicab Cable's PE ratio is significantly lower than that of Polycab India, which stands at 52.47, and Havells India at 66.57, suggesting that Relicab may offer better value relative to these competitors. Additionally, the PEG ratio of 2.94 is competitive when compared to R R Kabel's 2.56 and Finolex Cables' 0.00, further supporting the view that Relicab Cable is undervalued. Despite recent stock performance lagging behind the Sensex, particularly with a year-to-date return of -31.77% compared to the Sensex's 5.58%, the fundamental valuation metrics suggest potential for recovery and growth.