Is Thakkers Develp. overvalued or undervalued?

As of 20 October 2025, the valuation grade for Thakkers Development has moved from expensive to very expensive. This indicates that the company is currently overvalued. Key ratios reveal a PE ratio of 17.76, an EV to EBITDA of 21.45, and a ROE of 5.50%. In comparison, peers such as DLF and Lodha Developers show significantly higher PE ratios of 40.01 and 40.09, respectively, further emphasizing Thakkers' overvaluation in the current market context.
The company's performance has been underwhelming, with a year-to-date return of -17.25%, contrasting sharply with the Sensex's gain of 7.97% over the same period. Given the high valuation metrics and the disappointing returns relative to the broader market, Thakkers Development appears to be overvalued at its current price of 163.80.