Is Uday Jewellery overvalued or undervalued?

As of 29 February 2024, Uday Jewellery Industries Ltd. has moved from a fair to an attractive valuation grade, indicating a positive shift in its perceived value. The company is currently considered undervalued. Key ratios include a PE ratio of 31.50, an EV to EBITDA of 22.42, and a ROCE of 11.93%.
In comparison to its peers, Uday Jewellery's PE ratio aligns closely with the industry average, while the EV to EBITDA ratio is competitive, suggesting that it is well-positioned within its sector. Notable peers include companies with similar metrics, reinforcing Uday's attractive valuation. Despite a year-to-date stock return of -1.02%, the company's performance over the longer term remains solid, highlighting its potential for growth in a recovering market.