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Steel Authority of India Limited
Buy, Hold or Sell?

Let's analyze Steel Authority of India Limited together

I guess you are interested in Steel Authority of India 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 Steel Authority of India 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 Steel Authority of India Limited (30 sec.)










What can you expect buying and holding a share of Steel Authority of India Limited? (30 sec.)

How much money do you get?

How much money do you get?
INR0.16
When do you have the money?
1 year
How often do you get paid?
70.0%

What is your share worth?

Current worth
INR132.54
Expected worth in 1 year
INR137.72
How sure are you?
70.0%

+ What do you gain per year?

Total Gains per Share
INR18.18
Return On Investment
12.1%

For what price can you sell your share?

Current Price per Share
INR150.35
Expected price per share
INR121.99 - INR175.65
How sure are you?
50%
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1. Valuation of Steel Authority of India Limited (5 min.)




Live pricePrice per Share (EOD)

INR150.35

Intrinsic Value Per Share

INR-26.90 - INR121.73

Total Value Per Share

INR105.64 - INR254.27

2. Growth of Steel Authority of India Limited (5 min.)




Is Steel Authority of India Limited growing?

Current yearPrevious yearGrowGrow %
How rich?$6.5b$6.5b$64.1m1.0%

How much money is Steel Authority of India Limited making?

Current yearPrevious yearGrowGrow %
Making money$261.1m$1.4b-$1.2b-462.5%
Net Profit Margin2.1%11.8%--

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

3. Financial Health of Steel Authority of India Limited (5 min.)




4. Comparing to competitors in the Steel & Iron industry (5 min.)




  Industry Rankings (Steel & Iron)  

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What can you expect buying and holding a share of Steel Authority of India Limited? (5 min.)

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

What can you expect buying and holding a share of Steel Authority of India Limited?

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

Speculation

The Price per Share of Steel Authority of India Limited is INR150.35. 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 Steel Authority of India 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 Steel Authority of India 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 INR132.54. Based on the TTM, the Book Value Change Per Share is INR1.30 per quarter. Based on the YOY, the Book Value Change Per Share is INR21.32 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 INR3.25 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Steel Authority of India 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 Eps0.060.0%0.060.0%0.360.2%0.130.1%0.060.0%
Usd Book Value Change Per Share0.020.0%0.020.0%0.260.2%0.100.1%0.160.1%
Usd Dividend Per Share0.040.0%0.040.0%0.090.1%0.030.0%0.020.0%
Usd Total Gains Per Share0.050.0%0.050.0%0.340.2%0.130.1%0.180.1%
Usd Price Per Share1.00-1.00-1.18-0.81-0.78-
Price to Earnings Ratio15.75-15.75-3.32-8.17--5.06-
Price-to-Total Gains Ratio18.26-18.26-3.43-8.39--24.27-
Price to Book Ratio0.63-0.63-0.75-0.58-0.61-
Price-to-Total Gains Ratio18.26-18.26-3.43-8.39--24.27-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share1.8042
Number of shares554
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.040.03
Usd Book Value Change Per Share0.020.10
Usd Total Gains Per Share0.050.13
Gains per Quarter (554 shares)30.2273.63
Gains per Year (554 shares)120.87294.51
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1863411165229285
217369232131458580
3259103353196688875
43461384742619171170
543217259532711461465
651920771639213751760
760524183745716042055
869127695852318342350
9778310107958820632645
10864344120065322922940

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%7.03.00.070.0%7.03.00.070.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%7.03.00.070.0%7.03.00.070.0%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%4.00.01.080.0%7.00.03.070.0%7.00.03.070.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%7.03.00.070.0%7.03.00.070.0%
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Fundamentals of Steel Authority of India Limited

About Steel Authority of India Limited

Steel Authority of India Limited, a steel-making company, manufactures and sells iron and steel products in India and internationally. It offers rails, long rails, blooms, billets, slabs, channels, joists, angles, TMT rebars, wire rods, crane rails, plates, pig iron, and coal chemicals; and narrow slabs, wheels and axles, plate mill plates, HR plates, HR coils, CR sheets/coils, plain and corrugated galvanized sheets, ERW pipes, spiral weld pipes, and CRNO. The company also provides GP and GC sheets, galvanized steel, HRPO, bars and rebars, Z-bars, MS archs, cold rolled stainless steel, hot rolled carbon and stainless steel products, micro-alloyed carbon steel, and alloy steel squares and rounds. In addition, it offers wear resistant plates, forgings, carne wheels, forged rolls/plates, stainless steel slabs, special steel, and rolled and forged alloy products; and high/medium/low carbon ferro-manganese and silico-manganese products. The company was founded in 1954 and is based in New Delhi, India.

Fundamental data was last updated by Penke on 2024-06-23 11:26:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just not able to pay all its short-term debts.
The company is just not 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 able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
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 Steel Authority of India Limited.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit¬†Steel Authority of India Limited earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare¬†Steel Authority of India Limited to the¬†Steel & Iron industry mean.
  • A Net Profit Margin of 2.1%¬†means that¬†₹0.02 for each ₹1¬†in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Steel Authority of India Limited:

  • The MRQ is 2.1%. The company is making a profit. +1
  • The TTM is 2.1%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ2.1%TTM2.1%0.0%
TTM2.1%YOY11.8%-9.7%
TTM2.1%5Y5.4%-3.3%
5Y5.4%10Y2.1%+3.2%
Compared to industry (Steel & Iron)
PeriodCompanyIndustry (mean)+/- 
MRQ2.1%2.6%-0.5%
TTM2.1%2.6%-0.5%
YOY11.8%5.2%+6.6%
5Y5.4%2.6%+2.8%
10Y2.1%2.3%-0.2%
1.1.2. Return on Assets

Shows how efficient Steel Authority of India Limited is using its assets to generate profit.

  • Above 5% is considered healthy¬†but always compare¬†Steel Authority of India Limited to the¬†Steel & Iron industry mean.
  • 1.7% Return on Assets means that¬†Steel Authority of India Limited generated¬†₹0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Steel Authority of India Limited:

  • The MRQ is 1.7%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.7%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.7%TTM1.7%0.0%
TTM1.7%YOY10.2%-8.5%
TTM1.7%5Y3.8%-2.1%
5Y3.8%10Y1.7%+2.1%
Compared to industry (Steel & Iron)
PeriodCompanyIndustry (mean)+/- 
MRQ1.7%3.6%-1.9%
TTM1.7%3.6%-1.9%
YOY10.2%5.8%+4.4%
5Y3.8%2.6%+1.2%
10Y1.7%1.5%+0.2%
1.1.3. Return on Equity

Shows how efficient Steel Authority of India Limited is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare¬†Steel Authority of India Limited to the¬†Steel & Iron industry mean.
  • 4.0% Return on Equity means Steel Authority of India Limited generated ₹0.04¬†for each¬†₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Steel Authority of India Limited:

  • The MRQ is 4.0%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 4.0%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ4.0%TTM4.0%0.0%
TTM4.0%YOY22.6%-18.6%
TTM4.0%5Y9.3%-5.4%
5Y9.3%10Y3.9%+5.5%
Compared to industry (Steel & Iron)
PeriodCompanyIndustry (mean)+/- 
MRQ4.0%13.1%-9.1%
TTM4.0%13.1%-9.1%
YOY22.6%24.6%-2.0%
5Y9.3%10.8%-1.5%
10Y3.9%7.2%-3.3%
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1.2. Operating Efficiency of Steel Authority of India Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Steel Authority of India Limited is operating .

  • Measures how much profit Steel Authority of India 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¬†Steel Authority of India Limited to the¬†Steel & Iron 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 Steel Authority of India Limited:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y6.4%-6.4%
5Y6.4%10Y3.6%+2.8%
Compared to industry (Steel & Iron)
PeriodCompanyIndustry (mean)+/- 
MRQ--0.1%+0.1%
TTM-1.2%-1.2%
YOY-8.9%-8.9%
5Y6.4%3.2%+3.2%
10Y3.6%4.9%-1.3%
1.2.2. Operating Ratio

Measures how efficient Steel Authority of India Limited is keeping operating costs low.

  • Below 1 is considered healthy (always compare to¬†Steel & Iron industry mean).
  • An Operation Ratio of 0.72 means that the operating costs are ₹0.72 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of Steel Authority of India Limited:

  • The MRQ is 0.716. The company is efficient in keeping operating costs low. +1
  • The TTM is 0.716. The company is efficient in keeping operating costs low. +1
Trends
Current periodCompared to+/- 
MRQ0.716TTM0.7160.000
TTM0.716YOY0.593+0.124
TTM0.7165Y0.970-0.253
5Y0.97010Y1.282-0.312
Compared to industry (Steel & Iron)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7160.777-0.061
TTM0.7160.777-0.061
YOY0.5930.784-0.191
5Y0.9701.024-0.054
10Y1.2821.353-0.071
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1.3. Liquidity of Steel Authority of India Limited.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Steel Authority of India Limited is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to¬†Steel & Iron industry mean).
  • A Current Ratio of 0.77¬†means the company has ₹0.77 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of Steel Authority of India Limited:

  • The MRQ is 0.770. The company is just not able to pay all its short-term debts. -1
  • The TTM is 0.770. The company is just not able to pay all its short-term debts. -1
Trends
Current periodCompared to+/- 
MRQ0.770TTM0.7700.000
TTM0.770YOY0.733+0.037
TTM0.7705Y0.776-0.006
5Y0.77610Y0.753+0.023
Compared to industry (Steel & Iron)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7701.707-0.937
TTM0.7701.707-0.937
YOY0.7331.446-0.713
5Y0.7761.500-0.724
10Y0.7531.452-0.699
1.3.2. Quick Ratio

Measures if Steel Authority of India Limited is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but¬†always compare¬†Steel Authority of India Limited to the¬†Steel & Iron industry mean.
  • A Quick Ratio of 0.12¬†means the company can pay off ₹0.12 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Steel Authority of India Limited:

  • The MRQ is 0.119. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.119. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.119TTM0.1190.000
TTM0.119YOY0.138-0.020
TTM0.1195Y0.160-0.042
5Y0.16010Y0.160+0.000
Compared to industry (Steel & Iron)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1190.761-0.642
TTM0.1190.761-0.642
YOY0.1380.432-0.294
5Y0.1600.636-0.476
10Y0.1600.549-0.389
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1.4. Solvency of Steel Authority of India Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Steel Authority of India Limited assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare¬†Steel Authority of India Limited to Steel & Iron industry mean.
  • A Debt to Asset Ratio of 0.58¬†means that Steel Authority of India Limited assets are¬†financed with 58.0% credit (debt) and the remaining percentage (100% - 58.0%)¬†is financed by its owners/shareholders.¬†

Let's take a look of the Debt to Asset Ratio trends of Steel Authority of India Limited:

  • The MRQ is 0.580. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.580. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.580TTM0.5800.000
TTM0.580YOY0.549+0.032
TTM0.5805Y0.616-0.036
5Y0.61610Y0.614+0.003
Compared to industry (Steel & Iron)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5800.564+0.016
TTM0.5800.558+0.022
YOY0.5490.5490.000
5Y0.6160.601+0.015
10Y0.6140.601+0.013
1.4.2. Debt to Equity Ratio

Measures if Steel Authority of India Limited is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but¬†always compare¬†Steel Authority of India Limited to the¬†Steel & Iron industry mean.
  • A Debt to Equity ratio of 138.3% means that company has ₹1.38 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Steel Authority of India Limited:

  • The MRQ is 1.383. The company is able to pay all its debts with equity. +1
  • The TTM is 1.383. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.383TTM1.3830.000
TTM1.383YOY1.216+0.168
TTM1.3835Y1.645-0.262
5Y1.64510Y1.630+0.015
Compared to industry (Steel & Iron)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3831.322+0.061
TTM1.3831.292+0.091
YOY1.2161.233-0.017
5Y1.6451.559+0.086
10Y1.6301.551+0.079
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2. Market Valuation of Steel Authority of India 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 Steel Authority of India Limited generates.

  • Above 15 is considered overpriced but¬†always compare¬†Steel Authority of India Limited to the¬†Steel & Iron industry mean.
  • A PE ratio of 15.75 means the investor is paying ₹15.75¬†for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Steel Authority of India Limited:

  • The EOD is 28.533. Based on the earnings, the company is overpriced. -1
  • The MRQ is 15.748. Based on the earnings, the company is fair priced.
  • The TTM is 15.748. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD28.533MRQ15.748+12.785
MRQ15.748TTM15.7480.000
TTM15.748YOY3.325+12.423
TTM15.7485Y8.171+7.576
5Y8.17110Y-5.062+13.233
Compared to industry (Steel & Iron)
PeriodCompanyIndustry (mean)+/- 
EOD28.53317.949+10.584
MRQ15.74818.420-2.672
TTM15.74818.420-2.672
YOY3.3259.444-6.119
5Y8.1718.211-0.040
10Y-5.0628.296-13.358
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Steel Authority of India Limited:

  • The EOD is -6.742. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -3.721. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -3.721. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-6.742MRQ-3.721-3.021
MRQ-3.721TTM-3.7210.000
TTM-3.721YOY1.490-5.211
TTM-3.7215Y0.901-4.622
5Y0.90110Y-7.545+8.446
Compared to industry (Steel & Iron)
PeriodCompanyIndustry (mean)+/- 
EOD-6.74223.630-30.372
MRQ-3.72123.903-27.624
TTM-3.72123.903-27.624
YOY1.4903.300-1.810
5Y0.9012.635-1.734
10Y-7.5455.666-13.211
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2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Steel Authority of India Limited is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy¬†(always compare to Steel & Iron industry mean).
  • A PB ratio of 0.63 means the investor is paying ₹0.63¬†for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of Steel Authority of India Limited:

  • The EOD is 1.134. Based on the equity, the company is underpriced. +1
  • The MRQ is 0.626. Based on the equity, the company is cheap. +2
  • The TTM is 0.626. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD1.134MRQ0.626+0.508
MRQ0.626TTM0.6260.000
TTM0.626YOY0.751-0.125
TTM0.6265Y0.577+0.049
5Y0.57710Y0.612-0.036
Compared to industry (Steel & Iron)
PeriodCompanyIndustry (mean)+/- 
EOD1.1342.824-1.690
MRQ0.6262.582-1.956
TTM0.6262.582-1.956
YOY0.7512.544-1.793
5Y0.5771.275-0.698
10Y0.6121.226-0.614
2. Total Gains per Share
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3. Summary

3.1. Key Performance Indicators

The key performance indicators of Steel Authority of India 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--1.2951.2950%21.318-94%8.619-85%13.254-90%
Book Value Per Share--132.542132.5420%131.246+1%114.039+16%105.652+25%
Current Ratio--0.7700.7700%0.733+5%0.776-1%0.753+2%
Debt To Asset Ratio--0.5800.5800%0.549+6%0.616-6%0.614-5%
Debt To Equity Ratio--1.3831.3830%1.216+14%1.645-16%1.630-15%
Dividend Per Share--3.2503.2500%7.425-56%2.456+32%1.675+94%
Eps--5.2695.2690%29.641-82%11.155-53%4.966+6%
Free Cash Flow Per Share---22.302-22.3020%66.144-134%17.300-229%5.196-529%
Free Cash Flow To Equity Per Share---1.513-1.5130%-0.185-88%-0.638-58%-1.568+4%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--121.730--------
Intrinsic Value_10Y_min---26.904--------
Intrinsic Value_1Y_max--26.660--------
Intrinsic Value_1Y_min--12.384--------
Intrinsic Value_3Y_max--69.081--------
Intrinsic Value_3Y_min--24.369--------
Intrinsic Value_5Y_max--98.215--------
Intrinsic Value_5Y_min--22.188--------
Market Cap621025192716.800+45%342751383383.040342751383383.0400%407063736230.400-16%278505119016.448+23%269013160966.144+27%
Net Profit Margin--0.0210.0210%0.118-82%0.054-61%0.021-3%
Operating Margin----0%-0%0.064-100%0.036-100%
Operating Ratio--0.7160.7160%0.593+21%0.970-26%1.282-44%
Pb Ratio1.134+45%0.6260.6260%0.751-17%0.577+9%0.612+2%
Pe Ratio28.533+45%15.74815.7480%3.325+374%8.171+93%-5.062+132%
Price Per Share150.350+45%82.98082.9800%98.550-16%67.426+23%65.128+27%
Price To Free Cash Flow Ratio-6.742-81%-3.721-3.7210%1.490-350%0.901-513%-7.545+103%
Price To Total Gains Ratio33.079+45%18.25718.2570%3.429+432%8.393+118%-24.274+233%
Quick Ratio--0.1190.1190%0.138-14%0.160-26%0.160-26%
Return On Assets--0.0170.0170%0.102-84%0.038-56%0.017-1%
Return On Equity--0.0400.0400%0.226-82%0.093-57%0.039+2%
Total Gains Per Share--4.5454.5450%28.743-84%11.075-59%14.929-70%
Usd Book Value--6569600400.0006569600400.0000%6505401600.000+1%5652502800.000+16%5236804080.000+25%
Usd Book Value Change Per Share--0.0160.0160%0.256-94%0.103-85%0.159-90%
Usd Book Value Per Share--1.5901.5900%1.575+1%1.368+16%1.268+25%
Usd Dividend Per Share--0.0390.0390%0.089-56%0.029+32%0.020+94%
Usd Eps--0.0630.0630%0.356-82%0.134-53%0.060+6%
Usd Free Cash Flow---1105414800.000-1105414800.0000%3278539200.000-134%857495280.000-229%257552760.000-529%
Usd Free Cash Flow Per Share---0.268-0.2680%0.794-134%0.208-229%0.062-529%
Usd Free Cash Flow To Equity Per Share---0.018-0.0180%-0.002-88%-0.008-58%-0.019+4%
Usd Market Cap7452302312.602+45%4113016600.5964113016600.5960%4884764834.765-16%3342061428.197+23%3228157931.594+27%
Usd Price Per Share1.804+45%0.9960.9960%1.183-16%0.809+23%0.782+27%
Usd Profit--261183600.000261183600.0000%1469216400.000-82%552901200.000-53%246131280.000+6%
Usd Revenue--12533726400.00012533726400.0000%12417220800.000+1%9736221840.000+29%7817332800.000+60%
Usd Total Gains Per Share--0.0550.0550%0.345-84%0.133-59%0.179-70%
 EOD+5 -3MRQTTM+0 -0YOY+9 -255Y+14 -2110Y+20 -15

3.2. Fundamental Score

Let's check the fundamental score of Steel Authority of India Limited based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1528.533
Price to Book Ratio (EOD)Between0-11.134
Net Profit Margin (MRQ)Greater than00.021
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.119
Current Ratio (MRQ)Greater than10.770
Debt to Asset Ratio (MRQ)Less than10.580
Debt to Equity Ratio (MRQ)Less than11.383
Return on Equity (MRQ)Greater than0.150.040
Return on Assets (MRQ)Greater than0.050.017
Total2/10 (20.0%)

3.3. Technical Score

Let's check the technical score of Steel Authority of India Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5047.714
Ma 20Greater thanMa 50150.903
Ma 50Greater thanMa 100155.919
Ma 100Greater thanMa 200147.120
OpenGreater thanClose152.750
Total3/5 (60.0%)



Latest Balance Sheet

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

Summary
Total Assets1,304,810,900
Total Liabilities757,344,200
Total Stockholder Equity547,466,700
 As reported
Total Liabilities 757,344,200
Total Stockholder Equity+ 547,466,700
Total Assets = 1,304,810,900

Assets

Total Assets1,304,810,900
Total Current Assets379,946,200
Long-term Assets0
Total Current Assets
Cash And Cash Equivalents 217,000
Short-term Investments 1,020,400
Net Receivables 56,029,000
Inventory 283,486,500
Other Current Assets 8,758,000
Total Current Assets  (as reported)379,946,200
Total Current Assets  (calculated)349,510,900
+/- 30,435,300
Long-term Assets
Property Plant Equipment 769,123,500
Intangible Assets 15,210,400
Long-term Assets  (as reported)0
Long-term Assets  (calculated)784,333,900
+/- 784,333,900

Liabilities & Shareholders' Equity

Total Current Liabilities493,342,800
Long-term Liabilities0
Total Stockholder Equity547,466,700
Total Current Liabilities
Short-term Debt 175,076,800
Total Current Liabilities  (as reported)493,342,800
Total Current Liabilities  (calculated)175,076,800
+/- 318,266,000
Long-term Liabilities
Long term Debt Total 108,497,100
Long term Debt 61,125,800
Capital Lease Obligations Min Short Term Debt-175,076,800
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)-5,453,900
+/- 5,453,900
Total Stockholder Equity
Common Stock41,305,300
Retained Earnings 59,980,500
Capital Surplus 440,985,800
Other Stockholders Equity 5,195,100
Total Stockholder Equity (as reported)547,466,700
Total Stockholder Equity (calculated)547,466,700
+/-0
Other
Cash And Equivalents353,900
Cash and Short Term Investments 1,591,300
Common Stock Shares Outstanding 4,130,525
Liabilities and Stockholders Equity 1,304,810,900
Net Working Capital -113,396,600



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 
938,685,200
1,026,335,000
1,013,022,900
1,076,152,400
1,154,409,700
1,179,523,000
1,269,276,400
1,178,186,400
1,201,091,200
1,304,810,900
1,304,810,9001,201,091,2001,178,186,4001,269,276,4001,179,523,0001,154,409,7001,076,152,4001,013,022,9001,026,335,000938,685,200
   > Total Current Assets 
274,397,600
291,594,600
242,894,500
257,053,700
297,646,800
323,930,500
411,254,600
307,569,800
288,396,600
379,946,200
379,946,200288,396,600307,569,800411,254,600323,930,500297,646,800257,053,700242,894,500291,594,600274,397,600
       Cash And Cash Equivalents 
31,424,700
26,359,200
121,600
160,900
69,200
88,200
195,300
412,900
828,400
217,000
217,000828,400412,900195,30088,20069,200160,900121,60026,359,20031,424,700
       Short-term Investments 
443,200
420,300
0
382,800
-151,000
-2,673,900
-2,687,100
661,200
664,500
1,020,400
1,020,400664,500661,200-2,687,100-2,673,900-151,000382,8000420,300443,200
       Net Receivables 
78,759,300
68,086,200
39,249,700
40,076,800
56,582,600
55,342,300
98,575,300
82,268,400
51,838,900
56,029,000
56,029,00051,838,90082,268,40098,575,30055,342,30056,582,60040,076,80039,249,70068,086,20078,759,300
       Inventory 
153,553,900
180,356,200
148,830,700
160,140,300
172,841,400
198,386,300
242,492,600
157,580,900
201,201,300
283,486,500
283,486,500201,201,300157,580,900242,492,600198,386,300172,841,400160,140,300148,830,700180,356,200153,553,900
       Other Current Assets 
10,216,500
16,372,700
26,028,500
28,785,000
46,144,700
49,317,300
36,041,500
48,990,600
10,864,500
8,758,000
8,758,00010,864,50048,990,60036,041,50049,317,30046,144,70028,785,00026,028,50016,372,70010,216,500
   > Long-term Assets 
0
0
0
819,098,700
856,762,900
855,592,500
858,021,800
0
0
0
000858,021,800855,592,500856,762,900819,098,700000
       Property Plant Equipment 
605,820,800
657,960,800
693,229,800
720,522,200
755,650,000
759,358,800
763,428,800
750,683,200
769,269,700
769,123,500
769,123,500769,269,700750,683,200763,428,800759,358,800755,650,000720,522,200693,229,800657,960,800605,820,800
       Goodwill 
53,200
3,799,200
0
0
0
0
0
0
0
0
000000003,799,20053,200
       Long Term Investments 
470,700
185,000
22,790,400
24,754,600
0
0
0
0
0
0
00000024,754,60022,790,400185,000470,700
       Intangible Assets 
15,168,600
20,867,400
15,462,000
15,225,800
14,550,300
14,511,400
14,436,100
14,293,800
14,594,100
15,210,400
15,210,40014,594,10014,293,80014,436,10014,511,40014,550,30015,225,80015,462,00020,867,40015,168,600
> Total Liabilities 
505,839,400
591,790,300
611,508,600
705,729,800
784,943,200
783,061,500
854,174,100
724,124,200
658,974,400
757,344,200
757,344,200658,974,400724,124,200854,174,100783,061,500784,943,200705,729,800611,508,600591,790,300505,839,400
   > Total Current Liabilities 
287,675,300
352,805,600
386,893,000
463,645,100
434,186,600
416,172,100
449,648,400
450,704,000
393,429,200
493,342,800
493,342,800393,429,200450,704,000449,648,400416,172,100434,186,600463,645,100386,893,000352,805,600287,675,300
       Short-term Debt 
260,204,500
321,462,700
155,748,600
198,130,400
122,443,200
106,312,200
166,407,800
158,502,400
39,529,800
175,076,800
175,076,80039,529,800158,502,400166,407,800106,312,200122,443,200198,130,400155,748,600321,462,700260,204,500
       Short Long Term Debt 
260,204,500
321,462,700
351,414,000
413,956,500
155,160,300
142,389,300
192,431,500
0
0
0
000192,431,500142,389,300155,160,300413,956,500351,414,000321,462,700260,204,500
       Accounts payable 
31,985,200
38,121,400
39,835,400
52,184,100
75,266,400
72,252,400
63,223,700
0
0
0
00063,223,70072,252,40075,266,40052,184,10039,835,40038,121,40031,985,200
       Other Current Liabilities 
114,709,600
126,051,800
139,642,200
153,626,800
151,879,000
151,175,600
148,280,200
0
0
0
000148,280,200151,175,600151,879,000153,626,800139,642,200126,051,800114,709,600
   > Long-term Liabilities 
0
0
0
242,084,600
350,746,500
366,889,300
404,525,900
0
0
0
000404,525,900366,889,300350,746,500242,084,600000
       Long term Debt Total 
0
0
174,957,100
190,874,800
297,771,600
308,026,600
345,600,300
197,260,300
117,422,500
108,497,100
108,497,100117,422,500197,260,300345,600,300308,026,600297,771,600190,874,800174,957,10000
       Capital Lease Obligations 
0
0
0
14,698,000
14,687,800
14,595,000
21,840,300
0
0
0
00021,840,30014,595,00014,687,80014,698,000000
       Long-term Liabilities Other 
0
0
0
0
-10,000
0
300
0
0
0
0003000-10,0000000
       Deferred Long Term Liability 
9,200
12,500
0
0
0
0
0
0
0
0
0000000012,5009,200
> Total Stockholder Equity
432,845,800
437,710,500
401,514,300
370,422,600
369,466,500
396,461,500
415,102,300
454,062,200
542,116,800
547,466,700
547,466,700542,116,800454,062,200415,102,300396,461,500369,466,500370,422,600401,514,300437,710,500432,845,800
   Common Stock
41,305,300
41,305,300
41,305,300
41,305,300
41,305,300
41,305,300
41,305,300
41,305,300
41,305,300
41,305,300
41,305,30041,305,30041,305,30041,305,30041,305,30041,305,30041,305,30041,305,30041,305,30041,305,300
   Retained Earnings 
379,691,400
385,545,400
70,542,600
75,807,300
79,557,500
76,124,000
69,944,300
67,047,500
61,535,400
59,980,500
59,980,50061,535,40067,047,50069,944,30076,124,00079,557,50075,807,30070,542,600385,545,400379,691,400
   Capital Surplus 
0
0
289,160,100
252,768,200
247,969,100
276,995,500
300,254,200
343,166,900
435,997,000
440,985,800
440,985,800435,997,000343,166,900300,254,200276,995,500247,969,100252,768,200289,160,10000
   Treasury Stock0000000000
   Other Stockholders Equity 
9,498,100
8,508,800
506,300
541,800
634,600
2,036,700
3,598,500
2,542,500
3,279,100
5,195,100
5,195,1003,279,1002,542,5003,598,5002,036,700634,600541,800506,3008,508,8009,498,100



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 (+$)
totalRevenue1,044,477,200
Cost of Revenue-748,285,200
Gross Profit296,192,000296,192,000
 
Operating Income (+$)
Gross Profit296,192,000
Operating Expense-0
Operating Income40,508,200296,192,000
 
Operating Expense (+$)
Research Development0
Selling General Administrative196,207,200
Selling And Marketing Expenses0
Operating Expense0196,207,200
 
Net Interest Income (+$)
Interest Income2,594,100
Interest Expense-300
Other Finance Cost-2,593,800
Net Interest Income0
 
Pretax Income (+$)
Operating Income40,508,200
Net Interest Income0
Other Non-Operating Income Expenses0
Income Before Tax (EBT)28,924,40040,508,200
EBIT - interestExpense = -300
21,765,300
21,765,600
Interest Expense300
Earnings Before Interest and Taxes (EBIT)028,924,700
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax28,924,400
Tax Provision-7,159,100
Net Income From Continuing Ops021,765,300
Net Income21,765,300
Net Income Applicable To Common Shares21,765,300
 
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 Steel Authority of India 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 Steel Authority of India Limited. The general trend of Steel Authority of India Limited is BULLISH with 42.9% 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 Steel Authority of India 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 (42.9%) Bearish trend (-42.9%)
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 Steel Authority of India 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: 158.70 < 159.35 < 175.65.

The bearish price targets are: 137.30 > 124.65 > 121.99.

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Steel Authority of India 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 Steel Authority of India Limited. The current mas is .

The long score for the Moving Averages is 10/14.
The longshort score for the Moving Averages is 6/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 < MA 50: The MA 20 is lower 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 down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below 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

Steel Authority of India 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 Steel Authority of India Limited. The current macd is -0.42460055.

The long score for the Moving Average Convergence/Divergence (MACD) is 2/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 0/(-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 Steel Authority of India Limited price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Steel Authority of India Limited. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Steel Authority of India Limited price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Steel Authority of India Limited Daily Moving Average Convergence/Divergence (MACD) ChartSteel Authority of India 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 Steel Authority of India Limited. The current adx is 24.47.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -2/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Steel Authority of India Limited shares, leading to potential downward 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 bearish trend could be forming. -1
Steel Authority of India 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 Steel Authority of India Limited. The current sar is 146.35.

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
Steel Authority of India 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 Steel Authority of India Limited. The current rsi is 47.71. The current phase is Correction in bull market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

  • Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
  • Trending down: The RSI is trending down. -1
Steel Authority of India Limited Daily Relative Strength Index (RSI) ChartSteel Authority of India 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 Steel Authority of India Limited. The current phase is Continuation in bull market.

The long score for the Stochastic Oscillator is 1/6.
The longshort score for the Stochastic Oscillator is -2/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Steel Authority of India Limited price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Steel Authority of India Limited Daily Stochastic Oscillator ChartSteel Authority of India 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 Steel Authority of India Limited. The current cci is -0.28537068.

Steel Authority of India Limited Daily Commodity Channel Index (CCI) ChartSteel Authority of India 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 Steel Authority of India Limited. The current cmo is -6.27885647.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Steel Authority of India Limited Daily Chande Momentum Oscillator (CMO) ChartSteel Authority of India 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 Steel Authority of India Limited. The current willr is -39.01869159.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Steel Authority of India Limited is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Steel Authority of India Limited Daily Williams %R ChartSteel Authority of India 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 Steel Authority of India Limited.

Steel Authority of India 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 Steel Authority of India Limited. The current atr is 5.83425069.

Steel Authority of India Limited Daily Average True Range (ATR) ChartSteel Authority of India 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 Steel Authority of India Limited. The current obv is 179,498,941.

Steel Authority of India Limited Daily On-Balance Volume (OBV) ChartSteel Authority of India 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 Steel Authority of India Limited. The current mfi is 65.77.

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
Steel Authority of India Limited Daily Money Flow Index (MFI) ChartSteel Authority of India Limited Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Steel Authority of India 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
2024-02-15DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-26DMI 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
2024-02-27STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-28STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-01DMI 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.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-04MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-12DMI 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
2024-03-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 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.
2024-03-19STOCH LONG EXITThe %K line crosses below the %D line.
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
2024-03-27MACD 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.
2024-04-01SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
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
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-03STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-05MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-04-09STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-04-15RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-04-19MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-04-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-24MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-29RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-02STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-05-06RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-07MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-05-08STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-05-09SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the 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).
2024-05-14STOCH 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).
2024-05-15SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-05-16STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-17STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-21MACD 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
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-24STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-27MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-28SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-05-30DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-06-03DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH 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).
2024-06-04DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
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.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-06-05STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-13STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-14SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-20STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-06-21MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-06-24STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-06-25MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-06-26CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-06-28STOCH SHORT EXITThe %K line crosses above the %D line.
2024-07-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-03MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-07-05CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-07-09STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-10CMO SHORT ENTRY LONG CLOSEZero line crossover to downside

6.3. Candlestick Patterns

Steel Authority of India Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Steel Authority of India Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5047.714
Ma 20Greater thanMa 50150.903
Ma 50Greater thanMa 100155.919
Ma 100Greater thanMa 200147.120
OpenGreater thanClose152.750
Total3/5 (60.0%)
Penke

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