Is Vishal Bearings overvalued or undervalued?

As of 18 September 2025, the valuation grade for Vishal Bearings has moved from attractive to fair. The company appears to be overvalued given its current financial metrics. Key ratios include a PE Ratio of -33.03, an EV to EBITDA of 19.02, and a ROCE of 5.72%.
In comparison to its peers, Vishal Bearings' valuation stands out negatively against Schaeffler India, which has a PE of 63.7, and SKF India with a PE of 44.72, both categorized as very expensive. Additionally, NRB Bearings and Galaxy Bearings, both rated fair, have PE Ratios of 20.06 and 21.97, respectively. The stock has underperformed significantly against the Sensex, with a year-to-date return of -34.86% compared to the Sensex's 6.24%, reinforcing the notion that Vishal Bearings is currently overvalued.