Is The Hi-Tech Gear overvalued or undervalued?

As of 20 June 2025, The Hi-Tech Gear has moved from a fair to an attractive valuation grade, indicating a more favorable outlook. The company is currently considered undervalued, with a PE ratio of 33.66, an EV to EBIT of 21.06, and an EV to EBITDA of 11.22. In comparison to peers, Samvardh. Mothe. has a lower PE ratio of 27.81 and a similar EV to EBITDA of 11.05, while Motherson Wiring shows a PE of 43.7, highlighting The Hi-Tech Gear's relative attractiveness in the market.
Despite recent underperformance with a year-to-date return of -9.51% compared to the Sensex's 5.46%, the long-term perspective is promising, as evidenced by a remarkable 360.51% return over the past three years. This suggests that while short-term fluctuations may be concerning, the company's fundamentals and valuation metrics support a bullish outlook.