Is Uniparts India overvalued or undervalued?

As of 10 August 2023, Uniparts India has moved from a fair to a very attractive valuation grade, indicating a significant improvement in its perceived value. The company is currently considered undervalued based on its financial metrics. Key ratios include a PE ratio of 19.30, an EV to EBITDA of 10.59, and a dividend yield of 3.77%.
In comparison to its peers, Uniparts India stands out with a lower PE ratio than Samvardhana Motherson International Ltd. at 29.14 and a significantly lower EV to EBITDA than Bosch Ltd. at 39.75. This suggests that Uniparts India offers a more attractive entry point for investors. Despite a recent decline in stock performance over the past year, where it returned -26.94% compared to the Sensex's 7.56%, the current valuation metrics support a favorable investment outlook.