Is Samay Project overvalued or undervalued?

As of 17 September 2025, the valuation grade for Samay Project has moved from does not qualify to very attractive, indicating a significant improvement in its valuation outlook. The company is currently considered undervalued. Key ratios supporting this assessment include a PE Ratio of 11.92, an EV to EBIT of 8.56, and a ROCE of 31.00%, which are all favorable compared to industry standards.
In comparison to its peers, Samay Project's PE Ratio of 11.92 is markedly lower than that of Rail Vikas, which stands at 63.09, and AIA Engineering at 26.45, both of which are classified as very expensive. Additionally, the EV to EBITDA ratio of 8.29 further emphasizes its attractive valuation relative to competitors. Recent stock performance shows that while Samay Project has underperformed the Sensex over the past week, its long-term trajectory remains promising, particularly over a three-year period where it has matched the Sensex's growth of 44.49%.