Is Shah Metacorp overvalued or undervalued?

As of 13 October 2025, Shah Metacorp's valuation grade has moved from attractive to fair, indicating a shift in its perceived value. The company is currently fairly valued based on its financial ratios, with a PE ratio of 21.43, an EV to EBITDA of 24.85, and a PEG ratio of 0.36. These figures suggest that while the company is not undervalued, it does not exhibit the characteristics of being overvalued either.
In comparison with peers, Shah Metacorp's PE ratio is significantly lower than that of JSW Steel at 55.51 and Tata Steel at 44.49, both of which are also rated fair. However, it is higher than Jindal Steel's PE of 24.52. Despite its recent stock performance showing a 15.85% return over the past week compared to a mere 0.66% for the Sensex, the longer-term view reveals a decline of 11.85% over the past year, contrasting with the Sensex's modest gain of 1.16%. This suggests that while Shah Metacorp has had a brief resurgence, its overall valuation remains stable but not particularly compelling in the current market context.