Is Shankar Lal Ram. overvalued or undervalued?

As of 26 September 2025, the valuation grade for Shankar Lal Ram. has moved from expensive to fair. The company is currently fairly valued, with a PE ratio of 35.30, an EV to EBITDA ratio of 25.70, and a ROCE of 12.98%. In comparison to peers, Elitecon International is categorized as very expensive with a PE ratio of 492.47, while Optiemus Infra is also rated fair with a PE ratio of 88.20.
Despite the recent shift in valuation, Shankar Lal Ram. has underperformed against the Sensex, with a year-to-date return of -21.94% compared to the Sensex's positive return of 2.93%. This underperformance, alongside the company's fair valuation, suggests that while it may not be undervalued, it is not currently an attractive investment compared to its peers.