Is Swati Projects overvalued or undervalued?

As of 17 October 2025, the valuation grade for Swati Projects has moved from risky to expensive, indicating a shift in perception regarding its financial health. The company is currently overvalued based on several key ratios, including a PE ratio of -100.83, an EV to EBITDA of -31.33, and a Price to Book Value of 2.49. These figures suggest that the market is pricing the stock excessively high relative to its earnings and asset base.
When compared to peers, Swati Projects stands out unfavorably. For instance, Bajaj Finance has a PE ratio of 38.21 and an EV to EBITDA of 20.25, while Life Insurance boasts a more attractive PE of 11.49 and an EV to EBITDA of 8.94. The stark contrast in these ratios highlights that Swati Projects is not only overvalued but also lacks competitive financial metrics within its industry. Additionally, the company's stock has significantly underperformed the Sensex, with a year-to-date decline of 51.14% compared to the Sensex's gain of 7.44%, further reinforcing the notion of overvaluation.