Is Sical Logistics overvalued or undervalued?

As of 25 April 2023, the valuation grade for Sical Logistics has moved from does not qualify to risky, indicating a significant shift in its financial outlook. The company appears to be overvalued, given its negative PE ratio of -14.97, an EV to EBITDA ratio of 54.24, and a troubling ROCE of -3.14%. These metrics suggest that the company is struggling to generate positive returns relative to its capital employed.
In comparison to its peers, Sical Logistics stands out with a notably poor valuation profile. For instance, Container Corporation has a PE ratio of 37.54 and an EV to EBITDA of 24.06, while Delhivery, also rated as risky, shows a PE of 163.66 and an EV to EBITDA of 68.91. Furthermore, Sical's recent stock performance has been disappointing, with a year-to-date return of -30.23%, contrasting sharply with the Sensex's gain of 5.62% over the same period, reinforcing the perception of overvaluation.