Is Ultra Wiring overvalued or undervalued?

As of 16 July 2025, the valuation grade for Ultra Wiring has moved from expensive to fair, indicating a more favorable assessment of its market position. The company is currently fairly valued, with a PE ratio of 22.78, an EV to EBITDA ratio of 12.52, and a PEG ratio of 0.62. These ratios suggest that Ultra Wiring is positioned competitively within its industry, particularly when compared to peers such as Kaynes Tech, which has a significantly higher PE ratio of 136.31, and Honeywell Auto, with a PE ratio of 68.24.
In terms of performance, Ultra Wiring's return over the past year stands at 25.23%, outperforming the Sensex's return of 2.43% in the same period. This strong performance, combined with its fair valuation status, suggests that the company is well-positioned for future growth despite recent stock price fluctuations. Overall, Ultra Wiring appears to be a solid investment opportunity in the industrial manufacturing sector.