Is Shardul Sec. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Shardul Sec. has moved from risky to fair. The company appears to be undervalued, given its current price of 48.81 compared to its peers. Key ratios include a PE ratio of -40.59, an EV to EBITDA of -428.44, and a Price to Book Value of 0.61, indicating significant discrepancies in valuation metrics.
When compared to peers, Shardul Sec. stands out with its fair valuation, while Bajaj Finance is categorized as very expensive with a PE ratio of 38.21, and Life Insurance is very attractive with a PE ratio of 11.49. Despite recent underperformance relative to the Sensex, with a year-to-date return of -43.46% compared to the Sensex's 7.44%, the overall valuation suggests potential for recovery, making it an interesting prospect in the capital markets sector.