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Bharat Electronics Limited
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Let's analyze Bharat Electronics Limited together

I guess you are interested in Bharat Electronics Limited. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Bharat Electronics Limited. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Quick analysis of Bharat Electronics Limited (30 sec.)










What can you expect buying and holding a share of Bharat Electronics Limited? (30 sec.)

How much money do you get?

How much money do you get?
INR0.08
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
INR18.96
Expected worth in 1 year
INR27.59
How sure are you?
90.0%

+ What do you gain per year?

Total Gains per Share
INR15.42
Return On Investment
4.6%

For what price can you sell your share?

Current Price per Share
INR335.55
Expected price per share
INR297.60 - INR
How sure are you?
50%
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1. Valuation of Bharat Electronics Limited (5 min.)




Live pricePrice per Share (EOD)

INR335.55

Intrinsic Value Per Share

INR3.94 - INR61.45

Total Value Per Share

INR22.91 - INR80.41

2. Growth of Bharat Electronics Limited (5 min.)




Is Bharat Electronics Limited growing?

Current yearPrevious yearGrowGrow %
How rich?$1.6b$1.4b$189m11.4%

How much money is Bharat Electronics Limited making?

Current yearPrevious yearGrowGrow %
Making money$358.1m$287.8m$70.2m19.6%
Net Profit Margin16.8%15.6%--

How much money comes from the company's main activities?

3. Financial Health of Bharat Electronics Limited (5 min.)




4. Comparing to competitors in the Aerospace/Defense - Major Diversified industry (5 min.)




  Industry Rankings (Aerospace/Defense - Major Diversified)  

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What can you expect buying and holding a share of Bharat Electronics Limited? (5 min.)

Welcome investor! Bharat Electronics Limited's management wants to use your money to grow the business. In return you get a share of Bharat Electronics Limited.

What can you expect buying and holding a share of Bharat Electronics Limited?

First you should know what it really means to hold a share of Bharat Electronics Limited. And how you can make/lose money.

Speculation

The Price per Share of Bharat Electronics Limited is INR335.55. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Bharat Electronics Limited.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Bharat Electronics Limited, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is INR18.96. Based on the TTM, the Book Value Change Per Share is INR2.16 per quarter. Based on the YOY, the Book Value Change Per Share is INR1.68 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is INR1.70 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Bharat Electronics Limited.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps0.050.0%0.050.0%0.040.0%0.040.0%0.040.0%
Usd Book Value Change Per Share0.030.0%0.030.0%0.020.0%0.020.0%0.020.0%
Usd Dividend Per Share0.020.0%0.020.0%0.020.0%0.020.0%0.010.0%
Usd Total Gains Per Share0.050.0%0.050.0%0.040.0%0.040.0%0.040.0%
Usd Price Per Share1.17-1.17-2.53-1.44-7.93-
Price to Earnings Ratio23.89-23.89-64.25-39.53-153.56-
Price-to-Total Gains Ratio25.30-25.30-68.51-41.51-143.90-
Price to Book Ratio5.14-5.14-12.55-7.75-23.64-
Price-to-Total Gains Ratio25.30-25.30-68.51-41.51-143.90-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share4.0266
Number of shares248
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.020.02
Usd Book Value Change Per Share0.030.02
Usd Total Gains Per Share0.050.04
Gains per Quarter (248 shares)11.488.70
Gains per Year (248 shares)45.9034.79
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1202636161925
2405182313860
36177128475795
4811031746376130
51011282207995165
612115426694114200
7142180312110133235
8162205358126152270
9182231404142171305
10202257450157190340

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%10.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%8.02.00.080.0%8.02.00.080.0%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%10.00.00.0100.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%9.01.00.090.0%9.01.00.090.0%
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Fundamentals of Bharat Electronics Limited

About Bharat Electronics Limited

Bharat Electronics Limited, together with its subsidiaries, designs, manufactures, supplies, and exports electronic equipment and systems for the defense and civilian markets in India and internationally. Its defense products include defense communication products, land-based radars, naval systems, electronic warfare systems, avionics, electro optics, tank and armored fighting vehicle electronic systems, weapon systems, C4I systems, shelters and masts, simulators, and batteries; microwave tubes and power modules, microwave super components, digital multichannel data recorders, and hybrid micro circuits; and micro electro mechanical systems. The company's non defense products comprise e-governance systems, homeland security products, civil radars, integrated traffic management systems, solar power solutions, and telecom and broadcast systems; and PD and strategic products, silicon radiation detectors, passive vacuum devices, EMI filters, multichannel voice logging recorder systems, and digital multichannel data recorders. In addition, it offers electronic manufacturing services, such as PCB assembly and testing, precision machining and fabrication, optoelectronic components and assemblies, microwave integrated circuit assemblies, super components modules, cable assemblies and wiring harnesses, and antennae manufacturing services, as well as designs and manufactures transformers, coils, chokes, and sub-assemblies. Bharat Electronics Limited was founded in 1954 and is based in Bengaluru, India.

Fundamental data was last updated by Penke on 2024-06-23 11:19:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is very efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is overpriced.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is expensive.
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1.1. Profitability of Bharat Electronics Limited.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit¬†Bharat Electronics Limited earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare¬†Bharat Electronics Limited to the¬†Aerospace/Defense - Major Diversified industry mean.
  • A Net Profit Margin of 16.8%¬†means that¬†₹0.17 for each ₹1¬†in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Bharat Electronics Limited:

  • The MRQ is 16.8%. The company is making a huge profit. +2
  • The TTM is 16.8%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ16.8%TTM16.8%0.0%
TTM16.8%YOY15.6%+1.2%
TTM16.8%5Y15.4%+1.5%
5Y15.4%10Y15.6%-0.3%
Compared to industry (Aerospace/Defense - Major Diversified)
PeriodCompanyIndustry (mean)+/- 
MRQ16.8%16.8%+0.0%
TTM16.8%16.8%+0.0%
YOY15.6%15.6%+0.0%
5Y15.4%15.4%0.0%
10Y15.6%15.6%+0.0%
1.1.2. Return on Assets

Shows how efficient Bharat Electronics Limited is using its assets to generate profit.

  • Above 5% is considered healthy¬†but always compare¬†Bharat Electronics Limited to the¬†Aerospace/Defense - Major Diversified industry mean.
  • 8.4% Return on Assets means that¬†Bharat Electronics Limited generated¬†₹0.08 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Bharat Electronics Limited:

  • The MRQ is 8.4%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 8.4%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ8.4%TTM8.4%0.0%
TTM8.4%YOY7.1%+1.3%
TTM8.4%5Y7.8%+0.6%
5Y7.8%10Y7.7%+0.2%
Compared to industry (Aerospace/Defense - Major Diversified)
PeriodCompanyIndustry (mean)+/- 
MRQ8.4%8.4%+0.0%
TTM8.4%8.4%+0.0%
YOY7.1%7.1%0.0%
5Y7.8%7.8%+0.0%
10Y7.7%7.7%0.0%
1.1.3. Return on Equity

Shows how efficient Bharat Electronics Limited is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare¬†Bharat Electronics Limited to the¬†Aerospace/Defense - Major Diversified industry mean.
  • 21.5% Return on Equity means Bharat Electronics Limited generated ₹0.22¬†for each¬†₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Bharat Electronics Limited:

  • The MRQ is 21.5%. Using its investors money, the company is efficient in making profit. +1
  • The TTM is 21.5%. Using its investors money, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ21.5%TTM21.5%0.0%
TTM21.5%YOY19.5%+2.0%
TTM21.5%5Y19.7%+1.8%
5Y19.7%10Y17.9%+1.9%
Compared to industry (Aerospace/Defense - Major Diversified)
PeriodCompanyIndustry (mean)+/- 
MRQ21.5%21.5%+0.0%
TTM21.5%21.5%+0.0%
YOY19.5%19.5%+0.0%
5Y19.7%19.7%+0.0%
10Y17.9%17.9%0.0%
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1.2. Operating Efficiency of Bharat Electronics Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Bharat Electronics Limited is operating .

  • Measures how much profit Bharat Electronics Limited makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare¬†Bharat Electronics Limited to the¬†Aerospace/Defense - Major Diversified industry mean.
  • An Operating Margin of 0.0%¬†means the company generated ₹0.00 ¬†for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Bharat Electronics Limited:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y9.3%-9.3%
5Y9.3%10Y12.7%-3.4%
1.2.2. Operating Ratio

Measures how efficient Bharat Electronics Limited is keeping operating costs low.

  • Below 1 is considered healthy (always compare to¬†Aerospace/Defense - Major Diversified industry mean).
  • An Operation Ratio of 0.56 means that the operating costs are ₹0.56 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of Bharat Electronics Limited:

  • The MRQ is 0.557. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.557. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.557TTM0.5570.000
TTM0.557YOY0.583-0.025
TTM0.5575Y0.854-0.297
5Y0.85410Y1.119-0.264
Compared to industry (Aerospace/Defense - Major Diversified)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5570.557+0.000
TTM0.5570.557+0.000
YOY0.5830.5830.000
5Y0.8540.854+0.000
10Y1.1191.1190.000
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1.3. Liquidity of Bharat Electronics Limited.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Bharat Electronics Limited is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to¬†Aerospace/Defense - Major Diversified industry mean).
  • A Current Ratio of 1.46¬†means the company has ₹1.46 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of Bharat Electronics Limited:

  • The MRQ is 1.461. The company is just able to pay all its short-term debts.
  • The TTM is 1.461. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.461TTM1.4610.000
TTM1.461YOY1.394+0.067
TTM1.4615Y1.448+0.013
5Y1.44810Y1.604-0.156
Compared to industry (Aerospace/Defense - Major Diversified)
PeriodCompanyIndustry (mean)+/- 
MRQ1.4611.461+0.000
TTM1.4611.461+0.000
YOY1.3941.3940.000
5Y1.4481.4480.000
10Y1.6041.604+0.000
1.3.2. Quick Ratio

Measures if Bharat Electronics Limited is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but¬†always compare¬†Bharat Electronics Limited to the¬†Aerospace/Defense - Major Diversified industry mean.
  • A Quick Ratio of 1.40¬†means the company can pay off ₹1.40 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Bharat Electronics Limited:

  • The MRQ is 1.395. The company is able to pay all its short-term debts with the most liquid assets. +1
  • The TTM is 1.395. The company is able to pay all its short-term debts with the most liquid assets. +1
Trends
Current periodCompared to+/- 
MRQ1.395TTM1.3950.000
TTM1.395YOY1.362+0.033
TTM1.3955Y1.177+0.218
5Y1.17710Y1.066+0.110
Compared to industry (Aerospace/Defense - Major Diversified)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3951.395+0.000
TTM1.3951.395+0.000
YOY1.3621.3620.000
5Y1.1771.1770.000
10Y1.0661.066+0.000
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1.4. Solvency of Bharat Electronics Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Bharat Electronics Limited assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare¬†Bharat Electronics Limited to Aerospace/Defense - Major Diversified industry mean.
  • A Debt to Asset Ratio of 0.61¬†means that Bharat Electronics Limited assets are¬†financed with 60.9% credit (debt) and the remaining percentage (100% - 60.9%)¬†is financed by its owners/shareholders.¬†

Let's take a look of the Debt to Asset Ratio trends of Bharat Electronics Limited:

  • The MRQ is 0.609. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.609. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.609TTM0.6090.000
TTM0.609YOY0.638-0.028
TTM0.6095Y0.603+0.006
5Y0.60310Y0.566+0.037
Compared to industry (Aerospace/Defense - Major Diversified)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6090.609+0.000
TTM0.6090.609+0.000
YOY0.6380.6380.000
5Y0.6030.603+0.000
10Y0.5660.5660.000
1.4.2. Debt to Equity Ratio

Measures if Bharat Electronics Limited is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but¬†always compare¬†Bharat Electronics Limited to the¬†Aerospace/Defense - Major Diversified industry mean.
  • A Debt to Equity ratio of 156.0% means that company has ₹1.56 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Bharat Electronics Limited:

  • The MRQ is 1.560. The company is just able to pay all its debts with equity.
  • The TTM is 1.560. The company is just able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.560TTM1.5600.000
TTM1.560YOY1.760-0.200
TTM1.5605Y1.533+0.027
5Y1.53310Y1.333+0.200
Compared to industry (Aerospace/Defense - Major Diversified)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5601.560+0.000
TTM1.5601.560+0.000
YOY1.7601.760+0.000
5Y1.5331.5330.000
10Y1.3331.3330.000
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2. Market Valuation of Bharat Electronics Limited

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures¬†how much money you pay¬†for each share for¬†every ₹1 in earnings Bharat Electronics Limited generates.

  • Above 15 is considered overpriced but¬†always compare¬†Bharat Electronics Limited to the¬†Aerospace/Defense - Major Diversified industry mean.
  • A PE ratio of 23.89 means the investor is paying ₹23.89¬†for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Bharat Electronics Limited:

  • The EOD is 82.187. Based on the earnings, the company is expensive. -2
  • The MRQ is 23.893. Based on the earnings, the company is fair priced.
  • The TTM is 23.893. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD82.187MRQ23.893+58.294
MRQ23.893TTM23.8930.000
TTM23.893YOY64.250-40.357
TTM23.8935Y39.533-15.640
5Y39.53310Y153.555-114.023
Compared to industry (Aerospace/Defense - Major Diversified)
PeriodCompanyIndustry (mean)+/- 
EOD82.18781.942+0.245
MRQ23.89323.893+0.000
TTM23.89323.893+0.000
YOY64.25064.250+0.000
5Y39.53339.5330.000
10Y153.555153.555+0.000
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Bharat Electronics Limited:

  • The EOD is 362.620. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is 105.420. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is 105.420. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD362.620MRQ105.420+257.200
MRQ105.420TTM105.4200.000
TTM105.420YOY42.196+63.224
TTM105.4205Y56.822+48.598
5Y56.82210Y65.815-8.993
Compared to industry (Aerospace/Defense - Major Diversified)
PeriodCompanyIndustry (mean)+/- 
EOD362.620361.539+1.081
MRQ105.420105.4200.000
TTM105.420105.4200.000
YOY42.19642.196+0.000
5Y56.82256.8220.000
10Y65.81565.8150.000
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2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Bharat Electronics Limited is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy¬†(always compare to Aerospace/Defense - Major Diversified industry mean).
  • A PB ratio of 5.14 means the investor is paying ₹5.14¬†for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of Bharat Electronics Limited:

  • The EOD is 17.695. Based on the equity, the company is expensive. -2
  • The MRQ is 5.144. Based on the equity, the company is overpriced. -1
  • The TTM is 5.144. Based on the equity, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD17.695MRQ5.144+12.551
MRQ5.144TTM5.1440.000
TTM5.144YOY12.545-7.401
TTM5.1445Y7.752-2.607
5Y7.75210Y23.641-15.889
Compared to industry (Aerospace/Defense - Major Diversified)
PeriodCompanyIndustry (mean)+/- 
EOD17.69517.642+0.053
MRQ5.1445.144+0.000
TTM5.1445.144+0.000
YOY12.54512.545+0.000
5Y7.7527.7520.000
10Y23.64123.6410.000
2. Total Gains per Share
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3. Summary

3.1. Key Performance Indicators

The key performance indicators of Bharat Electronics Limited compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--2.1562.1560%1.678+28%1.600+35%1.896+14%
Book Value Per Share--18.96318.9630%16.807+13%15.456+23%20.072-6%
Current Ratio--1.4611.4610%1.394+5%1.448+1%1.604-9%
Debt To Asset Ratio--0.6090.6090%0.638-4%0.603+1%0.566+8%
Debt To Equity Ratio--1.5601.5600%1.760-11%1.533+2%1.333+17%
Dividend Per Share--1.7001.7000%1.400+21%1.323+29%1.173+45%
Eps--4.0834.0830%3.282+24%3.062+33%3.385+21%
Free Cash Flow Per Share--0.9250.9250%4.997-81%3.163-71%2.014-54%
Free Cash Flow To Equity Per Share---0.871-0.8710%3.523-125%1.743-150%0.410-312%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--61.449--------
Intrinsic Value_10Y_min--3.942--------
Intrinsic Value_1Y_max--4.540--------
Intrinsic Value_1Y_min--2.491--------
Intrinsic Value_3Y_max--14.874--------
Intrinsic Value_3Y_min--5.713--------
Intrinsic Value_5Y_max--26.694--------
Intrinsic Value_5Y_min--6.969--------
Market Cap817597801344.000+13%713068924866.500713068924866.5000%1541280817470.114-54%878861340377.707-19%2039668067757.394-65%
Net Profit Margin--0.1680.1680%0.156+8%0.154+9%0.156+8%
Operating Margin----0%-0%0.093-100%0.127-100%
Operating Ratio--0.5570.5570%0.583-4%0.854-35%1.119-50%
Pb Ratio17.695+71%5.1445.1440%12.545-59%7.752-34%23.641-78%
Pe Ratio82.187+71%23.89323.8930%64.250-63%39.533-40%153.555-84%
Price Per Share335.550+71%97.55097.5500%210.850-54%120.230-19%661.094-85%
Price To Free Cash Flow Ratio362.620+71%105.420105.4200%42.196+150%56.822+86%65.815+60%
Price To Total Gains Ratio87.021+71%25.29825.2980%68.512-63%41.505-39%143.899-82%
Quick Ratio--1.3951.3950%1.362+2%1.177+19%1.066+31%
Return On Assets--0.0840.0840%0.071+19%0.078+7%0.077+10%
Return On Equity--0.2150.2150%0.195+10%0.197+9%0.179+21%
Total Gains Per Share--3.8563.8560%3.078+25%2.922+32%3.069+26%
Usd Book Value--1663395600.0001663395600.0000%1474311600.000+13%1355764080.000+23%1162016952.000+43%
Usd Book Value Change Per Share--0.0260.0260%0.020+28%0.019+35%0.023+14%
Usd Book Value Per Share--0.2280.2280%0.202+13%0.185+23%0.241-6%
Usd Dividend Per Share--0.0200.0200%0.017+21%0.016+29%0.014+45%
Usd Eps--0.0490.0490%0.039+24%0.037+33%0.041+21%
Usd Free Cash Flow--81169200.00081169200.0000%438319200.000-81%277476720.000-71%132916488.000-39%
Usd Free Cash Flow Per Share--0.0110.0110%0.060-81%0.038-71%0.024-54%
Usd Free Cash Flow To Equity Per Share---0.010-0.0100%0.042-125%0.021-150%0.005-312%
Usd Market Cap9811173616.128+13%8556827098.3988556827098.3980%18495369809.641-54%10546336084.533-19%24476016813.089-65%
Usd Price Per Share4.027+71%1.1711.1710%2.530-54%1.443-19%7.933-85%
Usd Profit--358130400.000358130400.0000%287864400.000+24%268619520.000+33%211604266.800+69%
Usd Revenue--2128132800.0002128132800.0000%1844181600.000+15%1736235600.000+23%1358195732.400+57%
Usd Total Gains Per Share--0.0460.0460%0.037+25%0.035+32%0.037+26%
 EOD+4 -4MRQTTM+0 -0YOY+24 -105Y+22 -1310Y+19 -16

3.2. Fundamental Score

Let's check the fundamental score of Bharat Electronics Limited based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1582.187
Price to Book Ratio (EOD)Between0-117.695
Net Profit Margin (MRQ)Greater than00.168
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than11.395
Current Ratio (MRQ)Greater than11.461
Debt to Asset Ratio (MRQ)Less than10.609
Debt to Equity Ratio (MRQ)Less than11.560
Return on Equity (MRQ)Greater than0.150.215
Return on Assets (MRQ)Greater than0.050.084
Total6/10 (60.0%)

3.3. Technical Score

Let's check the technical score of Bharat Electronics Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5071.111
Ma 20Greater thanMa 50314.975
Ma 50Greater thanMa 100283.554
Ma 100Greater thanMa 200246.598
OpenGreater thanClose335.850
Total5/5 (100.0%)



Latest Balance Sheet

Balance Sheet of 2023-03-31. Currency in INR. All numbers in thousands.

Summary
Total Assets354,911,700
Total Liabilities216,295,400
Total Stockholder Equity138,616,300
 As reported
Total Liabilities 216,295,400
Total Stockholder Equity+ 138,616,300
Total Assets = 354,911,700

Assets

Total Assets354,911,700
Total Current Assets300,477,400
Long-term Assets0
Total Current Assets
Cash And Cash Equivalents 8,417,400
Short-term Investments 72,501,100
Net Receivables 133,507,700
Inventory 74,760,400
Other Current Assets 2,129,800
Total Current Assets  (as reported)300,477,400
Total Current Assets  (calculated)291,316,400
+/- 9,161,000
Long-term Assets
Property Plant Equipment 30,555,400
Intangible Assets 7,622,000
Long-term Assets  (as reported)0
Long-term Assets  (calculated)38,177,400
+/- 38,177,400

Liabilities & Shareholders' Equity

Total Current Liabilities205,657,800
Long-term Liabilities0
Total Stockholder Equity138,616,300
Total Current Liabilities
Total Current Liabilities  (as reported)205,657,800
Total Current Liabilities  (calculated)0
+/- 205,657,800
Long-term Liabilities
Long term Debt Total 594,200
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)594,200
+/- 594,200
Total Stockholder Equity
Common Stock7,309,800
Retained Earnings 137,290,300
Other Stockholders Equity -5,983,800
Total Stockholder Equity (as reported)138,616,300
Total Stockholder Equity (calculated)138,616,300
+/-0
Other
Cash and Short Term Investments 80,918,500
Common Stock Shares Outstanding 7,309,779
Liabilities and Stockholders Equity 354,911,700
Net Working Capital 94,819,600



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-312015-03-312014-03-31
> Total Assets 
149,757,019
157,256,022
186,043,000
175,962,800
189,605,100
208,205,800
243,483,100
294,896,700
339,105,800
354,911,700
354,911,700339,105,800294,896,700243,483,100208,205,800189,605,100175,962,800186,043,000157,256,022149,757,019
   > Total Current Assets 
133,587,663
140,058,869
158,326,500
140,665,000
143,045,200
158,744,400
187,380,900
237,133,100
272,937,100
300,477,400
300,477,400272,937,100237,133,100187,380,900158,744,400143,045,200140,665,000158,326,500140,058,869133,587,663
       Cash And Cash Equivalents 
46,045,318
60,379,249
25,029,000
26,998,100
8,044,300
7,597,000
16,206,300
5,151,200
4,118,300
8,417,400
8,417,4004,118,3005,151,20016,206,3007,597,0008,044,30026,998,10025,029,00060,379,24946,045,318
       Short-term Investments 
0
0
44,137,100
6,286,000
491,300
1,652,200
556,100
45,460,800
71,348,100
72,501,100
72,501,10071,348,10045,460,800556,1001,652,200491,3006,286,00044,137,10000
       Net Receivables 
41,867,028
38,478,282
37,510,300
45,761,800
70,149,700
82,587,900
109,957,000
113,858,600
119,850,300
133,507,700
133,507,700119,850,300113,858,600109,957,00082,587,90070,149,70045,761,80037,510,30038,478,28241,867,028
       Inventory 
33,397,382
34,242,144
44,231,000
50,990,700
53,846,600
59,369,600
53,289,700
66,320,500
70,058,000
74,760,400
74,760,40070,058,00066,320,50053,289,70059,369,60053,846,60050,990,70044,231,00034,242,14433,397,382
       Other Current Assets 
12,128,341
6,774,210
751,800
1,293,800
457,400
1,323,000
309,400
630,700
668,200
2,129,800
2,129,800668,200630,700309,4001,323,000457,4001,293,800751,8006,774,21012,128,341
   > Long-term Assets 
0
0
0
35,272,300
46,186,700
49,461,300
56,102,400
0
0
0
00056,102,40049,461,30046,186,70035,272,300000
       Property Plant Equipment 
9,631,774
10,283,887
12,813,200
17,554,700
21,335,900
24,616,300
28,144,800
28,829,700
29,553,000
30,555,400
30,555,40029,553,00028,829,70028,144,80024,616,30021,335,90017,554,70012,813,20010,283,8879,631,774
       Long Term Investments 
5
505
4,933,000
5,498,000
0
0
0
0
0
0
0000005,498,0004,933,0005055
       Intangible Assets 
1,897,836
1,849,493
3,803,100
4,883,200
6,454,000
6,849,000
7,260,000
6,517,700
7,259,300
7,622,000
7,622,0007,259,3006,517,7007,260,0006,849,0006,454,0004,883,2003,803,1001,849,4931,897,836
       Long-term Assets Other 
0
0
0
371,600
1,904,400
440,200
533,500
0
0
0
000533,500440,2001,904,400371,600000
> Total Liabilities 
77,516,768
76,026,613
93,581,400
98,605,100
109,448,300
116,090,800
142,767,800
184,300,900
216,246,500
216,295,400
216,295,400216,246,500184,300,900142,767,800116,090,800109,448,30098,605,10093,581,40076,026,61377,516,768
   > Total Current Liabilities 
71,664,049
69,661,901
84,510,300
87,508,300
98,961,800
104,487,500
128,657,200
168,295,500
195,810,400
205,657,800
205,657,800195,810,400168,295,500128,657,200104,487,50098,961,80087,508,30084,510,30069,661,90171,664,049
       Short-term Debt 
4,446
252,721
283,900
135,800
137,000
0
0
0
0
0
00000137,000135,800283,900252,7214,446
       Short Long Term Debt 
4,446
252,721
283,900
635,800
470,300
336,300
83,300
0
0
0
00083,300336,300470,300635,800283,900252,7214,446
       Accounts payable 
12,339,812
11,843,314
11,622,600
13,133,500
13,689,900
15,861,400
25,907,300
0
0
0
00025,907,30015,861,40013,689,90013,133,50011,622,60011,843,31412,339,812
       Other Current Liabilities 
55,216,602
53,055,327
66,249,400
65,413,300
76,424,400
79,752,100
93,438,900
0
0
0
00093,438,90079,752,10076,424,40065,413,30066,249,40053,055,32755,216,602
   > Long-term Liabilities 
0
0
0
10,981,900
10,548,800
11,470,300
13,968,900
0
0
0
00013,968,90011,470,30010,548,80010,981,900000
       Long term Debt Total 
0
0
0
166,700
333,300
0
18,300
11,700
515,100
594,200
594,200515,10011,70018,3000333,300166,700000
       Capital Lease Obligations 
0
0
0
0
0
0
29,700
0
0
0
00029,700000000
       Long-term Liabilities Other 
0
0
0
1,723,800
1,859,900
0
0
0
0
0
000001,859,9001,723,800000
       Deferred Long Term Liability 
0
0
0
0
380,300
430,300
3,557,200
0
0
0
0003,557,200430,300380,3000000
> Total Stockholder Equity
72,202,579
81,168,358
92,461,600
77,357,700
80,156,800
92,115,000
100,715,300
110,595,800
122,859,300
138,616,300
138,616,300122,859,300110,595,800100,715,30092,115,00080,156,80077,357,70092,461,60081,168,35872,202,579
   Common Stock
800,000
800,000
2,400,000
2,233,600
2,436,600
2,436,600
2,436,600
2,436,600
2,436,600
7,309,800
7,309,8002,436,6002,436,6002,436,6002,436,6002,436,6002,233,6002,400,000800,000800,000
   Retained Earnings 
70,889,953
79,855,732
90,061,600
76,273,800
78,853,300
91,224,400
100,235,100
110,990,800
124,746,100
137,290,300
137,290,300124,746,100110,990,800100,235,10091,224,40078,853,30076,273,80090,061,60079,855,73270,889,953
   Capital Surplus 0000000000
   Treasury Stock0000000000
   Other Stockholders Equity 
512,626
512,626
503,200
-1,149,700
-1,133,100
-1,546,000
-1,956,400
-2,831,600
-4,323,400
-5,983,800
-5,983,800-4,323,400-2,831,600-1,956,400-1,546,000-1,133,100-1,149,700503,200512,626512,626



Balance Sheet

Currency in INR. All numbers in thousands.




Cash Flow

Currency in INR. All numbers in thousands.




Income Statement

Currency in INR. All numbers in thousands.


Latest Income Statement (annual, 2023-03-31)

Gross Profit (+$)
totalRevenue177,344,400
Cost of Revenue-98,848,400
Gross Profit78,496,00078,496,000
 
Operating Income (+$)
Gross Profit78,496,000
Operating Expense-0
Operating Income36,590,00078,496,000
 
Operating Expense (+$)
Research Development0
Selling General Administrative34,162,100
Selling And Marketing Expenses0
Operating Expense034,162,100
 
Net Interest Income (+$)
Interest Income2,719,300
Interest Expense-100
Other Finance Cost-2,719,200
Net Interest Income0
 
Pretax Income (+$)
Operating Income36,590,000
Net Interest Income0
Other Non-Operating Income Expenses0
Income Before Tax (EBT)39,229,10036,590,000
EBIT - interestExpense = -100
29,844,200
29,844,300
Interest Expense100
Earnings Before Interest and Taxes (EBIT)039,229,200
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax39,229,100
Tax Provision-9,825,600
Net Income From Continuing Ops029,403,500
Net Income29,844,200
Net Income Applicable To Common Shares29,844,200
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net00
 

Technical Analysis of Bharat Electronics Limited
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Bharat Electronics Limited. The general trend of Bharat Electronics Limited is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Bharat Electronics Limited's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (100.0%) Bearish trend (-100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Bharat Electronics Limited.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: .

The bearish price targets are: 323.00 > 321.00 > 297.60.

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Bharat Electronics Limited Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging¬†trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Bharat Electronics Limited. The current mas is .

The long score for the Moving Averages is 14/14.
The longshort score for the Moving Averages is 14/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Bharat Electronics Limited Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a¬†lagging momentum¬†indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Bharat Electronics Limited. The current macd is 13.65.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Bharat Electronics Limited price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Bharat Electronics Limited. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Bharat Electronics Limited price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Bharat Electronics Limited Daily Moving Average Convergence/Divergence (MACD) ChartBharat Electronics Limited Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Bharat Electronics Limited. The current adx is 18.39.

The long score for the Directional Movement Index (DMI) is 2/7.
The longshort score for the Directional Movement Index (DMI) is 2/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Bharat Electronics Limited shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bullish trend could be forming. +1
Bharat Electronics Limited Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows¬†the current trend.
  • Shows¬†potential entry signals.
  • Shows¬†¬†potential exit signals.
  • Can be used to place¬†trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Bharat Electronics Limited. The current sar is 302.87.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Bharat Electronics Limited Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum¬†indicator, meaning the signals are instant.
  • Ranges¬†between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Bharat Electronics Limited. The current rsi is 71.11. The current phase is Overbought in bull market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is 0/(-13 +13).

  • Overbought in bull market: Short-term excessive buying, potential for pullback. Consider taking profits, be cautious of potential correction. -1
  • Trending up: The RSI is trending up. +1
Bharat Electronics Limited Daily Relative Strength Index (RSI) ChartBharat Electronics Limited Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading¬†momentum¬†indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges¬†between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Bharat Electronics Limited. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 6/6.
The longshort score for the Stochastic Oscillator is 6/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Bharat Electronics Limited price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Bharat Electronics Limited Daily Stochastic Oscillator ChartBharat Electronics Limited Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero,¬†the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Bharat Electronics Limited. The current cci is 158.01.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
Bharat Electronics Limited Daily Commodity Channel Index (CCI) ChartBharat Electronics Limited Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Bharat Electronics Limited. The current cmo is 53.25.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Bharat Electronics Limited Daily Chande Momentum Oscillator (CMO) ChartBharat Electronics Limited Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and¬†-100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Bharat Electronics Limited. The current willr is -11.22807018.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Bharat Electronics Limited Daily Williams %R ChartBharat Electronics Limited Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold¬†

Score

Let's take a look at the Bollinger Bands of Bharat Electronics Limited.

Bharat Electronics Limited Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Bharat Electronics Limited. The current atr is 11.12.

Bharat Electronics Limited Daily Average True Range (ATR) ChartBharat Electronics Limited Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Bharat Electronics Limited. The current obv is 163,095,055.

Bharat Electronics Limited Daily On-Balance Volume (OBV) ChartBharat Electronics Limited Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Bharat Electronics Limited. The current mfi is 65.55.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Bharat Electronics Limited Daily Money Flow Index (MFI) ChartBharat Electronics Limited Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Bharat Electronics Limited.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2024-02-15CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-16DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-02-19WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-20MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-02-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-22STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-23ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-26RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-27MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-28STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-29RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-01STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-07STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-12SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-15STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-19STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-21STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-26SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-04-01MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-02CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-05STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-08RSI SHORT ENTRY LONG CLOSE70 crossover to downside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-04-10STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-19SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-23STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-04-24SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-26CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-04-29MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-06SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-05-07DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-05-08STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-05-09DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-05-10DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-05-13STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-05-14CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-05-15DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-05-16SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-05-17MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-21STOCH LONG EXITThe %K line crosses below the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-22STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-05-27STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-30STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-03CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-04DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-06-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-06-06STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-06-10DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-06-13SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-06-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-06-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-24STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-25MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-06-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-03STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-07-05CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-07-08MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-07-09STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-11STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

Bharat Electronics Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Bharat Electronics Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5071.111
Ma 20Greater thanMa 50314.975
Ma 50Greater thanMa 100283.554
Ma 100Greater thanMa 200246.598
OpenGreater thanClose335.850
Total5/5 (100.0%)
Penke

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