Is Surya Roshni overvalued or undervalued?

As of 17 November 2025, the valuation grade for Surya Roshni has moved from expensive to very expensive, indicating a significant shift in its market perception. The company is currently deemed overvalued. Key ratios include a PE ratio of 18.11, an EV to EBITDA of 10.30, and a PEG ratio of 8.09, which suggest that the stock is priced at a premium compared to its earnings growth potential.
In comparison to peers, JSW Steel is rated as fair with a PE ratio of 46.87, while Tata Steel is considered attractive with a PE of 29.08. These comparisons highlight that Surya Roshni's valuation is not justified when looking at its peers, as it is trading at a higher valuation despite lower growth prospects. Additionally, the company's recent stock performance has lagged behind the Sensex, with a year-to-date return of -8.17% compared to the Sensex's 8.72%, further reinforcing the notion that it may be overvalued.