Is Swati Projects overvalued or undervalued?

As of 18 November 2025, the valuation grade for Swati Projects has moved from expensive to very attractive, indicating a significant shift in its perceived value. The company is currently deemed undervalued, with a PE ratio of 10.98, an EV to EBIT of 6.26, and an impressive ROCE of 40.50%. These metrics suggest that the company is trading at a discount compared to its earnings and capital efficiency.
In comparison to its peers, Swati Projects stands out with a much lower PE ratio than Bajaj Finance, which has a PE of 34.46, and is also more attractive than Life Insurance, which has a PE of 11.34. The PEG ratio of Swati Projects at 0.04 further emphasizes its undervaluation relative to the growth it offers. Notably, while the stock has underperformed the Sensex over the past year with a return of -70.78% compared to the Sensex's 9.48%, the current valuation metrics suggest a compelling opportunity for investors.