Is SPML Infra overvalued or undervalued?

As of 12 November 2025, SPML Infra's valuation grade has moved from attractive to fair, indicating a shift in its perceived value. The company is currently fairly valued based on its financial metrics. Key ratios include a PE ratio of 33.30, an EV to EBITDA of 45.03, and a ROE of 6.22%.
In comparison to its peers, SPML Infra's PE ratio is slightly lower than that of Larsen & Toubro, which stands at 33.91, while CG Power & Industries is considered very expensive with a PE of 109.11. Despite the recent decline in stock performance, with a year-to-date return of -15.16% compared to the Sensex's 8.10%, the company's valuation appears stable within its industry context.