Is SPML Infra overvalued or undervalued?

As of 17 November 2025, SPML Infra's valuation grade has moved from fair to attractive, indicating a more favorable assessment of its market position. The company appears to be undervalued, especially considering its PE ratio of 31.43, EV to EBITDA of 50.26, and a PEG ratio of 0.21, which suggests strong growth potential relative to its price.
In comparison to peers, SPML Infra's PE ratio is lower than that of Larsen & Toubro, which stands at 34.55, while CG Power & Industries is significantly more expensive with a PE of 110.51. This positions SPML Infra favorably within its industry, particularly given its attractive valuation relative to its earnings potential. Despite recent underperformance against the Sensex, with a year-to-date return of -16.56% compared to the Sensex's 8.72%, the long-term performance of SPML Infra has been robust, reflecting its potential for recovery and growth.