Is Shiv Texchem overvalued or undervalued?

As of 17 October 2025, Shiv Texchem's valuation grade has moved from fair to attractive, indicating a more favorable outlook for the company. The stock is currently assessed as undervalued, with a PE ratio of 8.81, an EV to EBIT of 6.84, and an impressive ROCE of 17.29%. In comparison to peers, PTC India, which is rated very attractive, has a lower PE ratio of 7.81, while Elitecon International is deemed very expensive with a PE ratio of 358.65.
Despite the attractive valuation, Shiv Texchem has faced significant stock price declines, with a year-to-date return of -44.05% compared to the Sensex's positive return of 7.44%. This stark contrast highlights the potential for recovery and suggests that the company may be undervalued relative to its peers and overall market performance.