@VVIIPP Ji,
I think you should do comparison of few more things among them:
1. Size of business & leadership
2. Gross margin which will depicts pricing power of companies
3. Pricing range of products they are into. You can't compare relaxo with metro. Share price of all these footwear products in last 1 year say everything where is demand and where market is ready to give premium. Now retail chain who sale premium products like Metro or Ethos will get premium valuation then Relaxo or Bata.
4. Sales & Profit growth.
Compare these and you will get to know why different companies in same sector don't get same valuation.
HCG, Narayana, Yatharth don't get valuation of Apollo, Medanta and Jupiter.
These are just an example to demonstrate different valuation for different companies in same sector.
Headmaster doesn't love every student equally.
Thanks 🙏