Is Ultracab India overvalued or undervalued?

As of 4 June 2025, the valuation grade for Ultracab India has moved from attractive to very attractive, indicating a significant improvement in its perceived value. The company is currently assessed as undervalued, supported by a PE ratio of 12.85, an EV to EBITDA ratio of 9.09, and a PEG ratio of 0.44, all of which are favorable compared to its peers.
In comparison, Havells India is considered expensive with a PE ratio of 64.84, while Polycab India is categorized as very expensive with a PE ratio of 45.49. These comparisons highlight Ultracab India's competitive positioning within the industry. Despite recent stock performance lagging behind the Sensex, particularly with a year-to-date return of -36.29% compared to the Sensex's 5.59%, the underlying financial metrics suggest that Ultracab India presents a compelling investment opportunity at its current price of 10.38.