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 market perception. The company is currently considered undervalued, with a PE ratio of 32.41, an EV to EBITDA ratio of 16.84, and a ROCE of 17.30%. In comparison to peers, Polycab India has a significantly higher PE ratio of 52.47, while Havells India shows a PE of 66.57, reinforcing Relicab's relative attractiveness in the market.
Despite recent stock performance lagging behind the Sensex, with a year-to-date decline of 31.77% compared to the Sensex's 5.58% increase, the fundamentals suggest that Relicab Cable is well-positioned for potential growth. The company’s PEG ratio of 2.94 also indicates that, while growth expectations are factored into the valuation, it remains more appealing than many of its peers, such as KEI Industries, which has a PEG of 3.70. Overall, Relicab Cable presents a compelling investment opportunity given its attractive valuation metrics relative to the industry.