Is Vishal Bearings overvalued or undervalued?

As of 11 September 2025, Vishal Bearings' valuation grade has moved from attractive to fair, indicating a shift in its perceived value. The company is currently assessed as overvalued, particularly highlighted by its PE ratio of -33.20 and a Price to Book Value of 2.47. Additionally, the EV to EBITDA ratio stands at 19.08, which is significantly higher than some of its peers.
In comparison to its industry peers, Vishal Bearings shows a stark contrast with Schaeffler India, which has a PE ratio of 61.2, and SKF India at 45.26, both categorized as very expensive. In contrast, NRB Bearings and Galaxy Bearings are both rated fair, with PE ratios of 19.93 and 21.82, respectively. Notably, Vishal Bearings has underperformed against the Sensex, particularly in the year-to-date return, where it declined by 34.51% compared to the Sensex's 4.36% gain.