Is Shilp Gravures overvalued or undervalued?

As of 13 November 2025, the valuation grade for Shilp Gravures has moved from fair to expensive, indicating a shift in perception regarding its market value. The company is currently considered overvalued, with a PE ratio of 50.20, an EV to EBITDA of 11.35, and a ROE of 3.72%.
In comparison to its peers, Shilp Gravures stands out with a higher PE ratio than Thermax, which has a PE of 60.51, and BEML Ltd, with a PE of 55.98, both classified as expensive. The company's recent stock performance has been underwhelming, with a year-to-date return of -31.86%, contrasting sharply with the Sensex's positive return of 8.11% over the same period. This suggests that the market may be overestimating Shilp Gravures' growth potential relative to its peers and overall market performance.