Is Relicab Cable overvalued or undervalued?

As of 13 October 2025, the valuation grade for Relicab Cable has moved from attractive to expensive, indicating a shift in perception regarding its market value. The company appears to be overvalued at this stage, with a PE ratio of 33.60, an EV to EBITDA ratio of 17.39, and a PEG ratio of 3.04. These figures suggest that investors are paying a premium for the company's earnings growth potential, which may not be justified given its recent performance.
When compared to peers, Relicab Cable's valuation stands out. For instance, Polycab India is categorized as very expensive with a PE ratio of 52.19, while Havells India is deemed fair with a significantly higher PE of 65.38. In contrast, R R Kabel, which is rated attractive, has a PE of 42.33, indicating that Relicab Cable's valuation is high relative to some competitors, yet lower than the most expensive peers. Additionally, the company's stock has underperformed against the Sensex, particularly over the past year, where it has declined by 52.63% compared to a mere 1.16% increase in the index, reinforcing the notion that it may be overvalued at its current price of 64.90.