Is Shigan Quantum overvalued or undervalued?

As of 18 November 2025, Shigan Quantum's valuation grade has moved from attractive to fair, indicating a reassessment of its market position. The company is currently fairly valued based on its financial metrics, with a PE ratio of 14.61, an EV to EBITDA of 7.80, and a PEG ratio of 0.43. In comparison, peers such as Larsen & Toubro, which is rated attractive, has a significantly higher PE ratio of 34.3, while CG Power & Ind is categorized as very expensive with a PE ratio of 108.1.
Despite the fair valuation, Shigan Quantum has underperformed relative to the Sensex, with a year-to-date return of -46.02% compared to the Sensex's 9.58%. This stark contrast in performance may suggest that the market has not fully recognized the company's potential, but the current ratios indicate that it is neither undervalued nor overvalued at this point in time.