Is SPML Infra overvalued or undervalued?

As of 14 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 32.97, an EV to EBITDA of 44.62, and a PEG Ratio of 0.04, which suggests that while the stock may appear expensive on a PE basis, its growth potential is significantly undervalued.
In comparison to its peers, SPML Infra's PE Ratio is lower than that of Larsen & Toubro, which stands at 34.27, while both companies have similar EV to EBITDA ratios. Other peers like CG Power & Industries and Siemens are categorized as very expensive, with PE Ratios of 109.59 and 57.8, respectively. Despite SPML Infra's recent underperformance against the Sensex, particularly in the year-to-date return of -16.00% compared to the Sensex's 8.22%, the overall assessment suggests that the company is fairly valued within its competitive landscape.