Is Times Green Ener overvalued or undervalued?

As of 18 July 2025, the valuation grade for Times Green Ener has moved from risky to attractive, indicating a significant improvement in its perceived value. The company appears to be undervalued, particularly when considering its key ratios: a PE ratio of 11.86, an EV to EBITDA of 13.40, and a Price to Book Value of 0.35. These figures suggest that the stock is trading at a discount compared to its earnings and book value.
In comparison to its peers, Times Green Ener's PE ratio is notably lower than NTPC, which has a PE of 14.16, and significantly below the more expensive Adani Power at 17.72. The PEG ratio for Times Green Ener stands at 0.00, indicating no growth expectations priced into the stock, further reinforcing its undervaluation. While the company's recent stock performance has lagged behind the Sensex, with a year-to-date return of -15.95% compared to the Sensex's 4.63%, the improved valuation grade and attractive ratios suggest potential for recovery and growth in the future.