Is Vishal Bearings overvalued or undervalued?

As of 8 August 2025, the valuation grade for Vishal Bearings has moved from attractive to fair. The company is currently assessed as overvalued, given its negative PE ratio of -35.43, a price-to-book value of 2.47, and an EV to EBITDA ratio of 19.18. These ratios indicate that the company's valuation metrics are not favorable compared to its peers.
In comparison to its industry, Vishal Bearings stands out with a significantly lower PE ratio than NRB Bearings, which has a PE of 19.78 and is rated as fair. Other peers like Schaeffler India and SKF India are categorized as very expensive, with PE ratios of 59.64 and 42.27, respectively. Despite the recent downturn in stock performance, with a year-to-date return of -30.12% against a Sensex return of 2.20%, the valuation metrics suggest that Vishal Bearings is not positioned favorably in the market.