Is Ultra Wiring overvalued or undervalued?

As of 4 November 2025, Ultra Wiring's valuation grade has moved from attractive to fair, indicating a shift in its perceived market value. The company is currently fairly valued, with a PE Ratio of 20.62, an EV to EBITDA of 11.18, and a PEG Ratio of 0.56. These ratios suggest that while the company has solid performance metrics, it may not be significantly undervalued compared to its peers.
In comparison to its industry peers, Ultra Wiring's PE Ratio is notably lower than that of Kaynes Tech and Honeywell Auto, which are at 141.16 and 63.7 respectively, highlighting that Ultra Wiring is more reasonably priced relative to these competitors. However, it still faces competition from companies like Cyient DLM, which is rated as attractive with a PE of 44.2. Additionally, Ultra Wiring's recent stock performance has outpaced the Sensex over the past week and year, with returns of 9.63% and 32.87%, respectively, suggesting a positive market sentiment despite the overall fair valuation.