Is Shardul Sec. overvalued or undervalued?

As of 10 October 2025, the valuation grade for Shardul Securities has moved from risky to fair, indicating an improvement in its perceived value. Based on the analysis, the company appears to be undervalued. Key ratios include a PE ratio of -40.77, an EV to EBITDA of -430.28, and a Price to Book Value of 0.61, which suggest significant discrepancies in valuation compared to its peers.
In comparison to notable peers, Bajaj Finance has a PE ratio of 36.56 and an EV to EBITDA of 19.67, while Life Insurance shows a more attractive valuation with a PE of 11.65 and an EV to EBITDA of 9.08. Despite Shardul Sec.'s recent stock performance lagging behind the Sensex, particularly with a year-to-date return of -43.22% versus the Sensex's 5.58%, its current valuation metrics suggest that it may present a buying opportunity for investors looking for value in the capital markets sector.