Is Supertech EV overvalued or undervalued?

As of 31 October 2025, the valuation grade for Supertech EV has moved from expensive to fair. The company is currently fairly valued, with a PE ratio of 7.82, an EV to EBIT of 6.63, and an EV to EBITDA of 6.30. In comparison to peers, Bajaj Auto has a significantly higher PE ratio of 32.74 and an EV to EBITDA of 22.89, while Eicher Motors is categorized as very expensive with a PE of 39.71 and an EV to EBITDA of 40.32.
Supertech EV's financial metrics indicate a solid position, with a ROCE of 31.65% and a ROE of 36.84%, suggesting efficient capital utilization. Despite recent underperformance relative to the Sensex, with a 1-month stock return of -11.71% compared to the Sensex's 3.65%, the company's valuation appears justified given its current ratios and peer comparisons.