Is Shriram Pistons overvalued or undervalued?

As of 11 July 2025, the valuation grade for Shriram Pistons has moved from expensive to fair. The company is currently fairly valued. Key ratios include a PE Ratio of 20.66, an EV to EBITDA of 13.67, and a ROCE of 33.16%.
In comparison to peers, Shriram Pistons' valuation stands out as fair against Rail Vikas, which is considered expensive with a PE of 62.08, and Ircon International, also fair but with a higher PE of 24.72. Notably, Shriram Pistons has underperformed the Sensex recently, with a 1-week return of -7.16% compared to the Sensex's -1.12%.