Is Sprayking Ltd overvalued or undervalued?

As of 10 November 2025, the valuation grade for Sprayking Ltd has moved from very attractive to attractive. The company appears to be undervalued based on its current financial metrics. Key ratios include a PE ratio of 5.06, an EV to EBITDA of 8.78, and a PEG ratio of 0.09, all of which suggest that the stock is trading at a significant discount compared to its earnings growth potential.
In comparison to its peers, Sprayking Ltd's valuation stands out, particularly against Thermax, which has a PE ratio of 55.73, and BEML Ltd at 56.52. This stark contrast indicates that Sprayking Ltd is undervalued relative to its industry counterparts. Additionally, despite recent poor stock performance, with a year-to-date return of -64.81% compared to a 6.91% gain in the Sensex, the underlying valuation metrics suggest that there is potential for recovery and growth in the long term.