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Finolex Cables Limited
Buy, Hold or Sell?

Let's analyze Finolex together

I guess you are interested in Finolex Cables 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 Finolex Cables 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 Finolex (30 sec.)










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

How much money do you get?

How much money do you get?
INR0.28
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
INR285.76
Expected worth in 1 year
INR403.01
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
INR141.19
Return On Investment
9.4%

For what price can you sell your share?

Current Price per Share
INR1,501.40
Expected price per share
INR1,219 - INR1,700
How sure are you?
50%
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1. Valuation of Finolex (5 min.)




Live pricePrice per Share (EOD)

INR1,501.40

Intrinsic Value Per Share

INR169.66 - INR243.37

Total Value Per Share

INR455.42 - INR529.13

2. Growth of Finolex (5 min.)




Is Finolex growing?

Current yearPrevious yearGrowGrow %
How rich?$520m$466.7m$53.3m10.3%

How much money is Finolex making?

Current yearPrevious yearGrowGrow %
Making money$60m$71.2m-$11.2m-18.8%
Net Profit Margin11.3%15.9%--

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

3. Financial Health of Finolex (5 min.)




4. Comparing to competitors in the Diversified Electronics industry (5 min.)




  Industry Rankings (Diversified Electronics)  

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

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

What can you expect buying and holding a share of Finolex?

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

Speculation

The Price per Share of Finolex is INR1,501. 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 Finolex.
  • 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 Finolex, 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 INR285.76. Based on the TTM, the Book Value Change Per Share is INR29.31 per quarter. Based on the YOY, the Book Value Change Per Share is INR33.19 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 INR5.98 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Finolex.

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 Eps0.390.0%0.390.0%0.470.0%0.370.0%0.300.0%
Usd Book Value Change Per Share0.350.0%0.350.0%0.390.0%0.300.0%0.340.0%
Usd Dividend Per Share0.070.0%0.070.0%0.070.0%0.060.0%0.040.0%
Usd Total Gains Per Share0.420.0%0.420.0%0.460.0%0.360.0%0.380.0%
Usd Price Per Share9.66-9.66-4.50-5.36-4.89-
Price to Earnings Ratio24.62-24.62-9.64-14.55-16.65-
Price-to-Total Gains Ratio23.00-23.00-9.77-14.72-15.62-
Price to Book Ratio2.84-2.84-1.47-1.94-2.50-
Price-to-Total Gains Ratio23.00-23.00-9.77-14.72-15.62-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share17.86666
Number of shares55
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.070.06
Usd Book Value Change Per Share0.350.30
Usd Total Gains Per Share0.420.36
Gains per Quarter (55 shares)23.1019.94
Gains per Year (55 shares)92.4179.76
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1167782136670
23115317427133150
34723026640199230
46330735853266310
57838445066332390
69446054280399470
711053763493465550
8125614726106532630
9141691818120598710
10157767910133665790

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%10.00.00.0100.0%10.00.00.0100.0%
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%10.00.00.0100.0%10.00.00.0100.0%
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Fundamentals of Finolex

About Finolex Cables Limited

Finolex Cables Limited manufactures and sells electrical and communication cables, and other electrical appliances in India. The company operates through Electrical Cables, Communication Cables, Copper Rods, and Others segments. It offers electrical cables, such as 1100V and motor winding PVC insulated, automotive/battery, UPS, elevator, and solar cables, as well as heavy duty, underground, low voltage, power, and control cables; and communication cables, including optic fiber, coaxial, local area network, CCTV, speaker, jelly filled telephone, PE insulated telephone, and V-SAT cables. The company also provides copper rods; electrical switches, sockets, regulators, etc.; and retrofit and non-retrofit CFL lamps, T5 tube lights, and fittings, as well as LED based lighting solutions. In addition, it offers ceiling, table, wall, pedestal, and exhaust fans; switchgear products, such as miniature and residual current circuit breakers, molded case circuit breakers, and distribution boards; and instant and storage water heaters. Further, the company offers its products online. It also exports its products to the United States and the United Arab Emirates. Finolex Cables Limited was founded in 1958 and is headquartered in Pune, India.

Fundamental data was last updated by Penke on 2024-07-15 01:19:03.

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

Valuation

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

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit¬†Finolex earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare¬†Finolex to the¬†Diversified Electronics industry mean.
  • A Net Profit Margin of 11.3%¬†means that¬†₹0.11 for each ₹1¬†in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Finolex Cables Limited:

  • The MRQ is 11.3%. The company is making a huge profit. +2
  • The TTM is 11.3%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ11.3%TTM11.3%0.0%
TTM11.3%YOY15.9%-4.6%
TTM11.3%5Y14.1%-2.9%
5Y14.1%10Y12.7%+1.5%
Compared to industry (Diversified Electronics)
PeriodCompanyIndustry (mean)+/- 
MRQ11.3%21.6%-10.3%
TTM11.3%21.6%-10.3%
YOY15.9%17.8%-1.9%
5Y14.1%14.1%+0.0%
10Y12.7%12.7%0.0%
1.1.2. Return on Assets

Shows how efficient Finolex is using its assets to generate profit.

  • Above 5% is considered healthy¬†but always compare¬†Finolex to the¬†Diversified Electronics industry mean.
  • 10.1% Return on Assets means that¬†Finolex generated¬†₹0.10 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Finolex Cables Limited:

  • The MRQ is 10.1%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 10.1%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ10.1%TTM10.1%0.0%
TTM10.1%YOY13.3%-3.2%
TTM10.1%5Y11.9%-1.8%
5Y11.9%10Y12.9%-1.0%
Compared to industry (Diversified Electronics)
PeriodCompanyIndustry (mean)+/- 
MRQ10.1%9.4%+0.7%
TTM10.1%9.4%+0.7%
YOY13.3%8.1%+5.2%
5Y11.9%11.9%+0.0%
10Y12.9%12.0%+0.9%
1.1.3. Return on Equity

Shows how efficient Finolex is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare¬†Finolex to the¬†Diversified Electronics industry mean.
  • 11.5% Return on Equity means Finolex generated ₹0.12¬†for each¬†₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Finolex Cables Limited:

  • The MRQ is 11.5%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 11.5%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ11.5%TTM11.5%0.0%
TTM11.5%YOY15.3%-3.7%
TTM11.5%5Y13.6%-2.1%
5Y13.6%10Y15.4%-1.7%
Compared to industry (Diversified Electronics)
PeriodCompanyIndustry (mean)+/- 
MRQ11.5%12.4%-0.9%
TTM11.5%12.4%-0.9%
YOY15.3%13.2%+2.1%
5Y13.6%13.6%+0.0%
10Y15.4%15.4%0.0%
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1.2. Operating Efficiency of Finolex Cables Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Finolex is operating .

  • Measures how much profit Finolex 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¬†Finolex to the¬†Diversified Electronics 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 Finolex Cables Limited:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y8.1%-8.1%
5Y8.1%10Y10.4%-2.3%
1.2.2. Operating Ratio

Measures how efficient Finolex is keeping operating costs low.

  • Below 1 is considered healthy (always compare to¬†Diversified Electronics industry mean).
  • An Operation Ratio of 0.81 means that the operating costs are ₹0.81 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of Finolex Cables Limited:

  • The MRQ is 0.812. The company is less efficient in keeping operating costs low.
  • The TTM is 0.812. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.812TTM0.8120.000
TTM0.812YOY0.806+0.006
TTM0.8125Y1.119-0.307
5Y1.11910Y1.365-0.246
Compared to industry (Diversified Electronics)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8120.642+0.170
TTM0.8120.642+0.170
YOY0.8060.690+0.116
5Y1.1191.119+0.000
10Y1.3651.365+0.000
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1.3. Liquidity of Finolex Cables Limited.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Finolex is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to¬†Diversified Electronics industry mean).
  • A Current Ratio of 10.03¬†means the company has ₹10.03 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of Finolex Cables Limited:

  • The MRQ is 10.034. The company is very able to pay all its short-term debts. +2
  • The TTM is 10.034. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ10.034TTM10.0340.000
TTM10.034YOY9.526+0.508
TTM10.0345Y8.809+1.225
5Y8.80910Y6.527+2.282
Compared to industry (Diversified Electronics)
PeriodCompanyIndustry (mean)+/- 
MRQ10.0342.167+7.867
TTM10.0342.167+7.867
YOY9.5262.336+7.190
5Y8.8092.613+6.196
10Y6.5271.935+4.592
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but¬†always compare¬†Finolex to the¬†Diversified Electronics industry mean.
  • A Quick Ratio of 14.56¬†means the company can pay off ₹14.56 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Finolex Cables Limited:

  • The MRQ is 14.563. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 14.563. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ14.563TTM14.5630.000
TTM14.563YOY13.314+1.248
TTM14.5635Y10.612+3.951
5Y10.61210Y7.118+3.494
Compared to industry (Diversified Electronics)
PeriodCompanyIndustry (mean)+/- 
MRQ14.5631.528+13.035
TTM14.5631.528+13.035
YOY13.3142.376+10.938
5Y10.6122.060+8.552
10Y7.1181.376+5.742
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1.4. Solvency of Finolex Cables Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Finolex assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare¬†Finolex to Diversified Electronics industry mean.
  • A Debt to Asset Ratio of 0.12¬†means that Finolex assets are¬†financed with 12.2% credit (debt) and the remaining percentage (100% - 12.2%)¬†is financed by its owners/shareholders.¬†

Let's take a look of the Debt to Asset Ratio trends of Finolex Cables Limited:

  • The MRQ is 0.122. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.122. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.122TTM0.1220.000
TTM0.122YOY0.127-0.005
TTM0.1225Y0.124-0.002
5Y0.12410Y0.155-0.030
Compared to industry (Diversified Electronics)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1220.248-0.126
TTM0.1220.248-0.126
YOY0.1270.263-0.136
5Y0.1240.232-0.108
10Y0.1550.359-0.204
1.4.2. Debt to Equity Ratio

Measures if Finolex is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but¬†always compare¬†Finolex to the¬†Diversified Electronics industry mean.
  • A Debt to Equity ratio of 14.0% means that company has ₹0.14 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Finolex Cables Limited:

  • The MRQ is 0.140. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.140. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.140TTM0.1400.000
TTM0.140YOY0.146-0.006
TTM0.1405Y0.142-0.002
5Y0.14210Y0.189-0.047
Compared to industry (Diversified Electronics)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1400.330-0.190
TTM0.1400.330-0.190
YOY0.1460.251-0.105
5Y0.1420.304-0.162
10Y0.1890.268-0.079
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2. Market Valuation of Finolex Cables 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 Finolex generates.

  • Above 15 is considered overpriced but¬†always compare¬†Finolex to the¬†Diversified Electronics industry mean.
  • A PE ratio of 24.62 means the investor is paying ₹24.62¬†for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Finolex Cables Limited:

  • The EOD is 45.535. Based on the earnings, the company is overpriced. -1
  • The MRQ is 24.622. Based on the earnings, the company is fair priced.
  • The TTM is 24.622. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD45.535MRQ24.622+20.913
MRQ24.622TTM24.6220.000
TTM24.622YOY9.643+14.979
TTM24.6225Y14.552+10.070
5Y14.55210Y16.646-2.095
Compared to industry (Diversified Electronics)
PeriodCompanyIndustry (mean)+/- 
EOD45.53534.394+11.141
MRQ24.6227.070+17.552
TTM24.6227.070+17.552
YOY9.6439.6430.000
5Y14.5520.894+13.658
10Y16.6460.177+16.469
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is 70.590. Based on how much money comes from the company's main activities, the company is overpriced. -1
  • The MRQ is 38.170. Based on how much money comes from the company's main activities, the company is fair priced.
  • The TTM is 38.170. Based on how much money comes from the company's main activities, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD70.590MRQ38.170+32.420
MRQ38.170TTM38.1700.000
TTM38.170YOY14.230+23.940
TTM38.1705Y46.121-7.951
5Y46.12110Y38.146+7.975
Compared to industry (Diversified Electronics)
PeriodCompanyIndustry (mean)+/- 
EOD70.590-6.419+77.009
MRQ38.170-1.320+39.490
TTM38.170-1.320+39.490
YOY14.230-1.847+16.077
5Y46.1210.127+45.994
10Y38.1463.606+34.540
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2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy¬†(always compare to Diversified Electronics industry mean).
  • A PB ratio of 2.84 means the investor is paying ₹2.84¬†for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of Finolex Cables Limited:

  • The EOD is 5.254. Based on the equity, the company is overpriced. -1
  • The MRQ is 2.841. Based on the equity, the company is underpriced. +1
  • The TTM is 2.841. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD5.254MRQ2.841+2.413
MRQ2.841TTM2.8410.000
TTM2.841YOY1.473+1.368
TTM2.8415Y1.945+0.897
5Y1.94510Y2.499-0.555
Compared to industry (Diversified Electronics)
PeriodCompanyIndustry (mean)+/- 
EOD5.2545.393-0.139
MRQ2.8412.138+0.703
TTM2.8412.138+0.703
YOY1.4731.355+0.118
5Y1.9451.293+0.652
10Y2.4991.621+0.878
2. Total Gains per Share
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3. Summary

3.1. Key Performance Indicators

The key performance indicators of Finolex Cables 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--29.31229.3120%33.186-12%25.388+15%28.576+3%
Book Value Per Share--285.758285.7580%256.445+11%228.165+25%171.059+67%
Current Ratio--10.03410.0340%9.526+5%8.809+14%6.527+54%
Debt To Asset Ratio--0.1220.1220%0.127-4%0.124-1%0.155-21%
Debt To Equity Ratio--0.1400.1400%0.146-4%0.142-2%0.189-26%
Dividend Per Share--5.9855.9850%5.480+9%5.078+18%3.602+66%
Eps--32.97332.9730%39.175-16%30.906+7%25.034+32%
Free Cash Flow Per Share--21.26921.2690%26.546-20%14.740+44%13.797+54%
Free Cash Flow To Equity Per Share--14.95014.9500%20.863-28%9.106+64%9.039+65%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--243.371--------
Intrinsic Value_10Y_min--169.658--------
Intrinsic Value_1Y_max--18.819--------
Intrinsic Value_1Y_min--15.467--------
Intrinsic Value_3Y_max--60.787--------
Intrinsic Value_3Y_min--48.076--------
Intrinsic Value_5Y_max--107.872--------
Intrinsic Value_5Y_min--82.193--------
Market Cap229622626611.200+46%124163811297.500124163811297.5000%57772839462.500+115%68857883550.500+80%62868755565.670+97%
Net Profit Margin--0.1130.1130%0.159-29%0.141-20%0.127-11%
Operating Margin----0%-0%0.081-100%0.104-100%
Operating Ratio--0.8120.8120%0.806+1%1.119-27%1.365-41%
Pb Ratio5.254+46%2.8412.8410%1.473+93%1.945+46%2.499+14%
Pe Ratio45.535+46%24.62224.6220%9.643+155%14.552+69%16.646+48%
Price Per Share1501.400+46%811.850811.8500%377.750+115%450.230+80%411.070+97%
Price To Free Cash Flow Ratio70.590+46%38.17038.1700%14.230+168%46.121-17%38.146+0%
Price To Total Gains Ratio42.536+46%23.00123.0010%9.769+135%14.724+56%15.617+47%
Quick Ratio--14.56314.5630%13.314+9%10.612+37%7.118+105%
Return On Assets--0.1010.1010%0.133-24%0.119-15%0.129-22%
Return On Equity--0.1150.1150%0.153-24%0.136-15%0.154-25%
Total Gains Per Share--35.29735.2970%38.666-9%30.466+16%32.178+10%
Usd Book Value--520072840.000520072840.0000%466725140.000+11%415255736.000+25%311324349.000+67%
Usd Book Value Change Per Share--0.3490.3490%0.395-12%0.302+15%0.340+3%
Usd Book Value Per Share--3.4013.4010%3.052+11%2.715+25%2.036+67%
Usd Dividend Per Share--0.0710.0710%0.065+9%0.060+18%0.043+66%
Usd Eps--0.3920.3920%0.466-16%0.368+7%0.298+32%
Usd Free Cash Flow--38709510.00038709510.0000%48312810.000-20%26826646.000+44%25110190.000+54%
Usd Free Cash Flow Per Share--0.2530.2530%0.316-20%0.175+44%0.164+54%
Usd Free Cash Flow To Equity Per Share--0.1780.1780%0.248-28%0.108+64%0.108+65%
Usd Market Cap2732509256.673+46%1477549354.4401477549354.4400%687496789.604+115%819408814.251+80%748138191.231+97%
Usd Price Per Share17.867+46%9.6619.6610%4.495+115%5.358+80%4.892+97%
Usd Profit--60009320.00060009320.0000%71297660.000-16%56247730.000+7%45562006.000+32%
Usd Revenue--533252090.000533252090.0000%448408660.000+19%403944310.000+32%355932451.000+50%
Usd Total Gains Per Share--0.4200.4200%0.460-9%0.363+16%0.383+10%
 EOD+4 -4MRQTTM+0 -0YOY+14 -205Y+28 -710Y+27 -8

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1545.535
Price to Book Ratio (EOD)Between0-15.254
Net Profit Margin (MRQ)Greater than00.113
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than114.563
Current Ratio (MRQ)Greater than110.034
Debt to Asset Ratio (MRQ)Less than10.122
Debt to Equity Ratio (MRQ)Less than10.140
Return on Equity (MRQ)Greater than0.150.115
Return on Assets (MRQ)Greater than0.050.101
Total6/10 (60.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5043.703
Ma 20Greater thanMa 501,603.688
Ma 50Greater thanMa 1001,462.925
Ma 100Greater thanMa 2001,215.170
OpenGreater thanClose1,541.000
Total4/5 (80.0%)



Latest Balance Sheet

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

Summary
Total Assets49,804,500
Total Liabilities6,100,900
Total Stockholder Equity43,703,600
 As reported
Total Liabilities 6,100,900
Total Stockholder Equity+ 43,703,600
Total Assets = 49,804,500

Assets

Total Assets49,804,500
Total Current Assets32,115,800
Long-term Assets0
Total Current Assets
Cash And Cash Equivalents 674,100
Short-term Investments 21,880,200
Net Receivables 2,177,600
Inventory 6,746,200
Other Current Assets 65,400
Total Current Assets  (as reported)32,115,800
Total Current Assets  (calculated)31,543,500
+/- 572,300
Long-term Assets
Property Plant Equipment 4,545,600
Intangible Assets 14,300
Long-term Assets  (as reported)0
Long-term Assets  (calculated)4,559,900
+/- 4,559,900

Liabilities & Shareholders' Equity

Total Current Liabilities3,200,800
Long-term Liabilities0
Total Stockholder Equity43,703,600
Total Current Liabilities
Total Current Liabilities  (as reported)3,200,800
Total Current Liabilities  (calculated)0
+/- 3,200,800
Long-term Liabilities
Long term Debt Total 100,400
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)100,400
+/- 100,400
Total Stockholder Equity
Common Stock305,900
Retained Earnings 41,237,100
Capital Surplus 1,091,000
Other Stockholders Equity 1,069,600
Total Stockholder Equity (as reported)43,703,600
Total Stockholder Equity (calculated)43,703,600
+/-0
Other
Cash And Equivalents59,400
Cash and Short Term Investments 22,554,300
Common Stock Shares Outstanding 152,939
Liabilities and Stockholders Equity 49,804,500
Net Working Capital 28,915,000



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 
15,639,700
16,337,600
20,987,200
24,395,900
27,838,600
31,541,400
34,068,000
38,856,700
44,940,400
49,804,500
49,804,50044,940,40038,856,70034,068,00031,541,40027,838,60024,395,90020,987,20016,337,60015,639,700
   > Total Current Assets 
8,000,900
9,141,100
11,826,000
12,554,400
15,098,800
16,920,200
20,691,700
23,433,800
27,972,600
32,115,800
32,115,80027,972,60023,433,80020,691,70016,920,20015,098,80012,554,40011,826,0009,141,1008,000,900
       Cash And Cash Equivalents 
648,600
1,383,700
2,187,300
2,008,900
768,700
463,800
8,250,000
246,000
323,900
674,100
674,100323,900246,0008,250,000463,800768,7002,008,9002,187,3001,383,700648,600
       Short-term Investments 
1,770,600
2,685,600
0
7,606,500
7,257,300
7,679,200
3,215,500
12,849,800
18,501,200
21,880,200
21,880,20018,501,20012,849,8003,215,5007,679,2007,257,3007,606,50002,685,6001,770,600
       Net Receivables 
1,625,700
1,397,300
1,259,200
1,243,900
1,749,200
2,108,800
1,870,200
1,765,500
1,771,500
2,177,600
2,177,6001,771,5001,765,5001,870,2002,108,8001,749,2001,243,9001,259,2001,397,3001,625,700
       Inventory 
3,524,000
3,186,200
3,293,000
4,620,100
4,990,600
5,872,000
5,930,600
7,554,000
6,531,100
6,746,200
6,746,2006,531,1007,554,0005,930,6005,872,0004,990,6004,620,1003,293,0003,186,2003,524,000
       Other Current Assets 
428,600
484,400
229,600
19,700
22,700
31,000
34,100
25,600
39,200
65,400
65,40039,20025,60034,10031,00022,70019,700229,600484,400428,600
   > Long-term Assets 
0
0
0
9,956,600
12,739,800
14,621,200
13,376,300
0
0
0
00013,376,30014,621,20012,739,8009,956,600000
       Property Plant Equipment 
5,065,000
4,699,700
4,348,800
4,218,200
4,132,000
4,138,600
4,133,700
4,199,300
4,666,800
4,545,600
4,545,6004,666,8004,199,3004,133,7004,138,6004,132,0004,218,2004,348,8004,699,7005,065,000
       Long Term Investments 
2,260,800
2,256,600
4,742,200
5,654,600
0
0
0
0
0
0
0000005,654,6004,742,2002,256,6002,260,800
       Intangible Assets 
400
4,700
4,500
12,000
9,900
7,100
4,500
2,100
2,700
14,300
14,3002,7002,1004,5007,1009,90012,0004,5004,700400
> Total Liabilities 
4,606,000
3,689,500
3,227,500
2,987,100
3,549,000
4,170,600
4,030,900
4,711,600
5,719,800
6,100,900
6,100,9005,719,8004,711,6004,030,9004,170,6003,549,0002,987,1003,227,5003,689,5004,606,000
   > Total Current Liabilities 
2,990,700
2,823,200
2,673,400
2,734,100
2,397,000
2,611,900
2,389,200
2,507,400
2,936,500
3,200,800
3,200,8002,936,5002,507,4002,389,2002,611,9002,397,0002,734,1002,673,4002,823,2002,990,700
       Short-term Debt 
1,470,300
1,267,300
512,100
7,500
0
0
0
0
0
0
0000007,500512,1001,267,3001,470,300
       Short Long Term Debt 
1,470,300
1,267,300
512,100
7,500
2,500
1,300
100
0
0
0
0001001,3002,5007,500512,1001,267,3001,470,300
       Accounts payable 
526,800
502,500
898,800
908,100
1,548,400
1,894,100
1,381,000
0
0
0
0001,381,0001,894,1001,548,400908,100898,800502,500526,800
       Other Current Liabilities 
1,356,500
1,525,500
1,153,800
1,273,300
204,500
337,200
595,000
0
0
0
000595,000337,200204,5001,273,3001,153,8001,525,5001,356,500
   > Long-term Liabilities 
0
0
0
254,700
1,152,000
1,558,700
1,641,700
0
0
0
0001,641,7001,558,7001,152,000254,700000
       Long term Debt Total 
0
0
257,500
8,300
5,500
3,800
55,700
44,900
66,200
100,400
100,40066,20044,90055,7003,8005,5008,300257,50000
       Capital Lease Obligations 
0
0
0
0
4,500
4,100
79,300
0
0
0
00079,3004,1004,5000000
       Long-term Liabilities Other 
0
0
0
1,900
0
0
0
0
0
0
0000001,900000
> Total Stockholder Equity
11,033,700
12,648,100
17,759,700
21,408,800
24,289,600
27,370,800
30,037,100
34,145,100
39,220,600
43,703,600
43,703,60039,220,60034,145,10030,037,10027,370,80024,289,60021,408,80017,759,70012,648,10011,033,700
   Common Stock
305,900
305,900
305,900
305,900
305,900
305,900
305,900
305,900
305,900
305,900
305,900305,900305,900305,900305,900305,900305,900305,900305,900305,900
   Retained Earnings 
9,247,500
10,862,100
16,446,800
19,077,100
21,821,100
25,125,600
28,170,500
31,950,300
37,110,800
41,237,100
41,237,10037,110,80031,950,30028,170,50025,125,60021,821,10019,077,10016,446,80010,862,1009,247,500
   Capital Surplus 
0
0
1,091,000
1,091,000
1,091,000
1,091,000
1,091,000
1,091,000
1,091,000
1,091,000
1,091,0001,091,0001,091,0001,091,0001,091,0001,091,0001,091,0001,091,00000
   Treasury Stock0000000000
   Other Stockholders Equity 
389,300
389,100
-84,000
934,800
1,071,600
848,300
469,700
797,900
712,900
1,069,600
1,069,600712,900797,900469,700848,3001,071,600934,800-84,000389,100389,300



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 (+$)
totalRevenue44,811,100
Cost of Revenue-36,391,700
Gross Profit8,419,4008,419,400
 
Operating Income (+$)
Gross Profit8,419,400
Operating Expense-0
Operating Income4,629,7008,419,400
 
Operating Expense (+$)
Research Development0
Selling General Administrative3,021,100
Selling And Marketing Expenses0
Operating Expense03,021,100
 
Net Interest Income (+$)
Interest Income1,766,200
Interest Expense-0
Other Finance Cost-1,766,200
Net Interest Income0
 
Pretax Income (+$)
Operating Income4,629,700
Net Interest Income0
Other Non-Operating Income Expenses0
Income Before Tax (EBT)6,494,5004,629,700
EBIT - interestExpense = 0
5,042,800
5,042,800
Interest Expense0
Earnings Before Interest and Taxes (EBIT)06,494,500
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax6,494,500
Tax Provision-1,451,700
Net Income From Continuing Ops05,042,800
Net Income5,042,800
Net Income Applicable To Common Shares5,042,800
 
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 Finolex
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 Finolex. The general trend of Finolex is BULLISH with 71.4% 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 Finolex'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 (71.4%) Bearish trend (-71.4%)
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 Finolex Cables Limited.

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

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 1,509 < 1,696 < 1,700.

The bearish price targets are: 1,510 > 1,303 > 1,219.

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Finolex Cables 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 Finolex Cables Limited. The current mas is .

The long score for the Moving Averages is 12/14.
The longshort score for the Moving Averages is 10/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below 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

Finolex Cables 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 Finolex Cables Limited. The current macd is 17.42.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal 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 Finolex price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Finolex. 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 Finolex 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 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
Finolex Cables Limited Daily Moving Average Convergence/Divergence (MACD) ChartFinolex Cables 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 Finolex Cables Limited. The current adx is 30.59.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -3/(-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 Finolex shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bearish trend. The ADX is declining, the bearish trend is weakening. Could be a potential reversal to the upside. -2
Finolex Cables 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 Finolex Cables Limited. The current sar is 1,680.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Finolex Cables 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 Finolex Cables Limited. The current rsi is 43.70. 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
Finolex Cables Limited Daily Relative Strength Index (RSI) ChartFinolex Cables 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 Finolex Cables Limited. The current phase is Correction in bull market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • 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 Finolex price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Finolex Cables Limited Daily Stochastic Oscillator ChartFinolex Cables 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 Finolex Cables Limited. The current cci is -229.40409016.

The long score for the Commodity Channel Index (CCI) is 0/1.
The longshort score for the Commodity Channel Index (CCI) is -1/(-1 +1).

  • CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1
Finolex Cables Limited Daily Commodity Channel Index (CCI) ChartFinolex Cables 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 Finolex Cables Limited. The current cmo is -28.97889613.

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
Finolex Cables Limited Daily Chande Momentum Oscillator (CMO) ChartFinolex Cables 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 Finolex Cables Limited. The current willr is -75.47609794.

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 Finolex is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Finolex Cables Limited Daily Williams %R ChartFinolex Cables 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 Finolex Cables Limited.

Finolex Cables 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 Finolex Cables Limited. The current atr is 79.52.

Finolex Cables Limited Daily Average True Range (ATR) ChartFinolex Cables 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 Finolex Cables Limited. The current obv is 3,153,931.

Finolex Cables Limited Daily On-Balance Volume (OBV) ChartFinolex Cables 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 Finolex Cables Limited. The current mfi is 35.44.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Finolex Cables Limited Daily Money Flow Index (MFI) ChartFinolex Cables Limited Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Finolex Cables 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
2024-02-27STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-28STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-04RSI LONG ENTRY SHORT CLOSE30 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-06STOCH 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
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-13BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-15SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-20MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-26DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
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).
2024-03-27CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-28BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-04-01STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-03STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-04STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-04-08MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-04-15SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-04-19CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-04-22MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-04-23MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-24CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-04-25STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-26STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-29SAR 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).
2024-05-03RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-07STOCH SHORT EXITThe %K line crosses above the %D 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).
2024-05-09STOCH 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).
2024-05-10MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-05-13CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-05-15SAR 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
2024-05-22MACD 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
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-05-23RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-24ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-27STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-31STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-03STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-04RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-06-06STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-07RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-06-10ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-18RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-06-19MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-06-20SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-06-24SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-06-25STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-06-26RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-06-27MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-07-01STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-07-02CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-07-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-05STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-07-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-10SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-07-11STOCH SHORT EXITThe %K line crosses above the %D line.
2024-07-12STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-07-15STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-07-18STOCH 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
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-07-22STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-07-23DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.

6.3. Candlestick Patterns

Finolex Cables Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5043.703
Ma 20Greater thanMa 501,603.688
Ma 50Greater thanMa 1001,462.925
Ma 100Greater thanMa 2001,215.170
OpenGreater thanClose1,541.000
Total4/5 (80.0%)
Penke

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