Is Vishal Bearings overvalued or undervalued?

As of 17 November 2025, Vishal Bearings has moved from an expensive to a fair valuation grade. The company is currently fairly valued, with a PE ratio of -49.20, an EV to EBITDA of 15.75, and a Price to Book Value of 2.34. Notably, the ROCE stands at 2.70%, while the ROE is at -4.76%, indicating challenges in profitability.
In comparison to its peers, Vishal Bearings' valuation appears more favorable than Schaeffler India and Timken India, which are classified as very expensive with PE ratios of 61.13 and 51.55, respectively. On the other hand, SKF India and NRB Bearings are considered very attractive, with PE ratios of 18.37 and 19.61, suggesting that Vishal Bearings is positioned reasonably within its competitive landscape. Despite recent stock performance lagging behind the Sensex, particularly with a year-to-date return of -37.54% compared to the Sensex's 8.72%, the current valuation reflects a more balanced outlook for potential investors.