Is Swastik Pipe overvalued or undervalued?

As of 1 October 2025, the valuation grade for Swastik Pipe has moved from fair to attractive, indicating a more favorable assessment of its value. The company is currently considered undervalued, particularly in light of its low Price to Book Value of 0.34 and an EV to Sales ratio of just 0.24. Notably, the PE Ratio stands at -9.62, which is a significant outlier compared to peers.
In comparison to its industry peers, Swastik Pipe's valuation metrics are strikingly lower. For instance, Tata Steel, which is also rated attractive, has a PE Ratio of 43.09 and an EV to EBITDA of 11.21. In contrast, JSW Steel, rated fair, has a PE Ratio of 54.74, highlighting the disparity in valuations within the sector. Despite recent underperformance with a year-to-date return of -44.11% compared to the Sensex's 5.04%, the attractive valuation suggests potential for recovery and growth.