Is Swastik Pipe overvalued or undervalued?

As of 14 October 2025, Swastik Pipe's valuation grade has moved from attractive to fair, indicating a shift in its market perception. The company is currently fairly valued, with a PE ratio of -9.36, an EV to EBITDA ratio of 9.39, and a Price to Book Value of 0.33. These figures suggest that while the company's valuation metrics are low, they are not necessarily indicative of an undervalued position.
In comparison with peers, Swastik Pipe's PE ratio is significantly lower than that of JSW Steel, which is considered expensive at a PE of 54.74, while Tata Steel is fairly valued with a PE of 43.73. Additionally, Swastik Pipe's EV to EBITDA ratio of 9.39 is more favorable than Lloyds Metals, which has a very expensive EV to EBITDA of 34.59. The company's recent performance has been poor, with a year-to-date return of -45.61%, contrasting sharply with a Sensex return of 6.35%, further reinforcing its fair valuation status in the current market environment.