Is Ultra Wiring overvalued or undervalued?

As of 13 November 2025, Ultra Wiring's valuation grade has moved from attractive to fair, indicating a shift in its perceived 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 is not undervalued, it is also not significantly overvalued compared to its peers.
In comparison to its industry peers, Ultra Wiring's valuation metrics stand out. For instance, Kaynes Tech has a PE ratio of 112.59, and Honeywell Auto has a PE ratio of 60.84, both of which are significantly higher, indicating that Ultra Wiring is relatively more attractively priced. Additionally, its ROCE of 16.91% and ROE of 12.71% further support its fair valuation status. Notably, while Ultra Wiring's stock has underperformed year-to-date with a return of -40.98% compared to the Sensex's 9.45%, it has shown strong performance over the longer term, with a 3-year return of 195.47%.