Is Veekayem Fash. overvalued or undervalued?

As of 11 August 2025, the valuation grade for Veekayem Fash. has moved from expensive to very expensive, indicating a significant shift in its perceived market value. The company is currently overvalued based on its financial metrics. Key ratios include a PE ratio of 18.98, an EV to EBIT of 11.30, and an EV to EBITDA of 10.22, which are relatively high compared to its peers.
In comparison to its peers, K P R Mill Ltd has a much higher PE ratio of 41.25, while Trident is rated fair with a PE of 32.42. Additionally, Vardhman Textile, which is rated attractive, has a PE of 13.24, suggesting that Veekayem Fash. is priced at a premium relative to more favorably valued companies in the garments and apparel sector. Notably, Veekayem Fash. has outperformed the Sensex with a 1-year return of 24.08% compared to the Sensex's 0.89%, but this does not mitigate its overvaluation status.