Is Somi Conv.Belt. overvalued or undervalued?

As of 18 November 2025, Somi Conv.Belt. has moved from an attractive to a fair valuation grade. The company is currently fairly valued, with a PE ratio of 37.54, an EV to EBITDA ratio of 18.99, and a ROCE of 8.94%. In comparison to its peers, Apcotex Industries has a lower PE ratio of 30.3 and an EV to EBITDA of 14.81, while Cupid is significantly more expensive with a PE of 136.43 and an EV to EBITDA of 118.52. Despite the fair valuation, Somi Conv.Belt. has underperformed relative to the Sensex, with a year-to-date return of -29.95% compared to the Sensex's 8.36%. This performance, combined with its current valuation ratios, suggests that while the company is not overvalued, it may face challenges in justifying its current price in the near term.