Is SPML Infra overvalued or undervalued?

As of 2 July 2025, SPML Infra's valuation grade has moved from expensive to attractive, indicating a significant shift in its perceived value. The company is currently considered undervalued based on its financial metrics. Key ratios include a PE ratio of 34.77, an EV to EBITDA of 46.72, and a PEG ratio of 0.07, which suggests strong growth potential relative to its price.
In comparison to peers, SPML Infra's PE ratio is slightly higher than Larsen & Toubro's 33.72 but significantly lower than Siemens' 56.7, highlighting its relative attractiveness in the market. Additionally, while SPML Infra has a lower EV to EBITDA than Siemens, it remains competitive against other peers like IRB Infra Development, which has a PE of 38.86. Notably, SPML Infra has outperformed the Sensex over the past year with a return of 32.71% compared to the Sensex's 5.00%, reinforcing its investment appeal.