Is Venus Pipes overvalued or undervalued?

As of 2 September 2025, the valuation grade for Venus Pipes has moved from expensive to fair. The company is currently fairly valued based on its financial metrics. Key ratios include a PE ratio of 28.48, an EV to EBITDA of 16.50, and a ROCE of 21.97%.
When compared to peers, Venus Pipes holds a PE ratio similar to JSW Steel at 49.79 and Jindal Steel at 23.73, both of which are in the fair valuation category. Notably, Tata Steel, rated as attractive, has a significantly lower PE ratio of 40.73, indicating that Venus Pipes is positioned competitively within its sector. Additionally, the recent stock performance shows a decline of 16.9% year-to-date, contrasting with a 2.58% gain in the Sensex, which may suggest market concerns that could affect future valuations.