Is Welspun Corp overvalued or undervalued?

As of 1 July 2025, Welspun Corp's valuation grade has moved from expensive to fair, indicating a more favorable assessment of its market position. The company is currently fairly valued, with a PE ratio of 15.71, an EV to EBITDA ratio of 13.96, and a PEG ratio of 0.43, suggesting that it is priced reasonably relative to its growth prospects.
In comparison to its peers, Welspun Corp's PE ratio is significantly lower than that of JSW Steel, which stands at 66.59, and Tata Steel, which has a PE of 52.73. This positions Welspun Corp attractively within the industry, especially considering its strong ROCE of 19.47% and ROE of 20.47%. Notably, Welspun Corp has outperformed the Sensex over the past year, with a return of 63.09% compared to the Sensex's 5.31%, reinforcing its valuation story.