Is Shalimar Wires overvalued or undervalued?

As of 23 September 2025, the valuation grade for Shalimar Wires has moved from attractive to fair. The company is currently fairly valued based on its financial metrics. Key ratios include a PE Ratio of 40.21, an EV to EBITDA of 6.67, and a ROE of 5.85%.
In comparison to peers, Hindustan Zinc has a PE of 18.94 and an EV to EBITDA of 11.38, while Vedanta shows a more attractive PE of 13.56 and an EV to EBITDA of 5.52. Despite the recent performance, where Shalimar Wires has underperformed the Sensex over the last year with a return of -31.64% compared to -3.33% for the index, the valuation metrics suggest that the stock is currently fairly priced within its industry context.