Is Sharda Ispat overvalued or undervalued?

As of 7 November 2025, Sharda Ispat's valuation grade has moved from attractive to fair, indicating a shift in its perceived value. The company is currently fairly valued, with a PE ratio of 23.73, an EV to EBITDA ratio of 26.14, and a ROCE of 9.37%. In comparison to its peers, JSW Steel is considered expensive with a PE ratio of 46.73, while Tata Steel is also fairly valued with a PE ratio of 46.67.
Despite the fair valuation, Sharda Ispat has underperformed relative to the Sensex, with a year-to-date stock return of -20.49% compared to the Sensex's positive return of 6.50%. This underperformance, along with its current ratios, suggests that while the company is not overvalued, it may face challenges in improving its market position in the near term.