Is Tejas Networks overvalued or undervalued?

As of 1 July 2025, the valuation grade for Tejas Networks has moved from very attractive to attractive. The company appears to be fairly valued at this time. Key ratios include a PE ratio of 28.03, an EV to EBITDA of 12.01, and a PEG ratio of 0.05, indicating strong growth potential relative to its price.
In comparison with peers, Tejas Networks' PE ratio is higher than that of Redington at 23.32, but lower than Avantel, which is significantly overvalued with a PE of 77.04. Additionally, DC Infotech, which is fairly valued, has a PE of 27.83. Despite recent stock performance lagging behind the Sensex, particularly with a year-to-date return of -40.15% compared to the Sensex's 7.11%, the company's fundamentals suggest it is currently positioned fairly within its market.