Is Shukra Jewellery overvalued or undervalued?

As of 16 October 2025, Shukra Jewellery's valuation grade has moved from attractive to fair, indicating a shift in its perceived value. The company appears to be fairly valued at this time. Key ratios include a PE ratio of 35.71, an EV to EBITDA of 11.47, and a PEG ratio of 0.10, which suggests that while the earnings growth potential is high relative to its price, the current valuation does not reflect an attractive investment opportunity.
In comparison to its peers, Shukra Jewellery's PE ratio is significantly lower than Titan Company's 87.09 and Kalyan Jewellers' 62.79, both of which are considered expensive. Additionally, while PC Jeweller is rated very attractive with a PE of 13.77, Shukra's valuation does not present the same level of appeal. Recent stock performance shows that Shukra Jewellery has underperformed the Sensex over various periods, particularly with a year-to-date return of -48.22% compared to the Sensex's 6.82%, reinforcing the notion that the stock is fairly valued at present.