Is Shukra Jewellery overvalued or undervalued?

As of 17 October 2025, Shukra Jewellery's valuation grade has moved from fair to attractive, indicating a positive shift in its perceived value. The company is currently considered undervalued, particularly when looking at its key ratios. The PE ratio stands at 35.71, while the EV to EBITDA ratio is 11.47, and the PEG ratio is notably low at 0.10, suggesting strong growth potential relative to its price.
In comparison to its peers, Shukra Jewellery's valuation appears favorable. For instance, Titan Company has a significantly higher PE ratio of 87.79 and an EV to EBITDA of 53.53, categorizing it as expensive. Similarly, Kalyan Jewellers has a PE ratio of 63.13, also indicating overvaluation. Despite recent stock performance lagging behind the Sensex, particularly with a year-to-date return of -48.22% compared to the Sensex's 7.44%, the attractive valuation suggests that Shukra Jewellery may present a compelling investment opportunity moving forward.