Is Vikas Ecotech overvalued or undervalued?

As of 2 June 2025, Vikas Ecotech's valuation grade has moved from fair to very expensive, indicating a significant shift in its market perception. The company is currently deemed overvalued. Key ratios include a PE ratio of 24.69, an EV to EBITDA of 37.07, and a ROE of 4.32%.
In comparison to its peers, Vikas Ecotech's PE ratio is notably lower than Solar Industries at 123.77 and Gujarat Fluoroch at 73.59, both classified as very expensive. However, it is higher than Godrej Industries, which is rated attractive with a PE of 46.63. The company's stock has underperformed significantly over the past year, with a return of -34.84% compared to the Sensex's 7.62%, reinforcing the notion that it is overvalued in the current market context.