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 positive shift in its valuation outlook. The company appears to be undervalued, especially considering its significant price-to-book ratio of 0.34 and an EV to EBITDA ratio of 9.49, which are notably lower than its peers. In comparison, Tata Steel, which is also rated attractive, has a PE ratio of 43.09 and an EV to EBITDA of 11.21, highlighting Swastik Pipe's relative undervaluation in the industry.
Despite the attractive valuation, Swastik Pipe has faced substantial stock price declines, with a year-to-date return of -44.11%, contrasting sharply with a 5.04% gain in the Sensex over the same period. This divergence underscores the potential for recovery and value realization in Swastik Pipe, particularly as it trades at a significant discount compared to its peers.