Is Thakkers Develp. overvalued or undervalued?

As of 8 October 2025, Thakkers Development has moved from expensive to very expensive in its valuation grade. The company is currently overvalued based on its financial ratios and peer comparisons. Key ratios include a PE Ratio of 18.20, an EV to EBIT of 28.69, and a ROE of 5.50%.
In comparison to its peers, Thakkers Development's PE Ratio is significantly lower than that of DLF at 37.46 and Lodha Developers at 38.04, both of which are also categorized as very expensive. Despite the recent stock performance showing a 7.01% return over the past week, the year-to-date return of -15.21% and the one-year return of -17.44% indicate a concerning trend, reinforcing the view that the stock is overvalued relative to its fundamentals and market performance.