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Sundram Fasteners Limited
Buy, Hold or Sell?

Let's analyze Sundram together

I guess you are interested in Sundram Fasteners 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 Sundram Fasteners 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 Sundram (30 sec.)










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

How much money do you get?

How much money do you get?
INR0.27
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
INR143.52
Expected worth in 1 year
INR218.60
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
INR97.84
Return On Investment
7.0%

For what price can you sell your share?

Current Price per Share
INR1,403.95
Expected price per share
INR1,242 - INR1,450
How sure are you?
50%
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1. Valuation of Sundram (5 min.)




Live pricePrice per Share (EOD)

INR1,403.95

Intrinsic Value Per Share

INR-28.30 - INR125.10

Total Value Per Share

INR115.22 - INR268.62

2. Growth of Sundram (5 min.)




Is Sundram growing?

Current yearPrevious yearGrowGrow %
How rich?$358.8m$311.9m$46.9m13.1%

How much money is Sundram making?

Current yearPrevious yearGrowGrow %
Making money$58.8m$54.3m$4.5m7.7%
Net Profit Margin8.7%9.3%--

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

3. Financial Health of Sundram (5 min.)




4. Comparing to competitors in the Auto Parts industry (5 min.)




  Industry Rankings (Auto Parts)  

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

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

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

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

Speculation

The Price per Share of Sundram is INR1,404. 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 Sundram.
  • 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 Sundram, 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 INR143.52. Based on the TTM, the Book Value Change Per Share is INR18.77 per quarter. Based on the YOY, the Book Value Change Per Share is INR13.05 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 INR5.69 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Sundram.

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 Eps0.280.0%0.280.0%0.260.0%0.240.0%0.180.0%
Usd Book Value Change Per Share0.220.0%0.220.0%0.160.0%0.170.0%0.170.0%
Usd Dividend Per Share0.070.0%0.070.0%0.120.0%0.070.0%0.060.0%
Usd Total Gains Per Share0.290.0%0.290.0%0.270.0%0.240.0%0.230.0%
Usd Price Per Share11.65-11.65-10.68-8.41-5.81-
Price to Earnings Ratio41.57-41.57-41.30-34.91-29.61-
Price-to-Total Gains Ratio40.01-40.01-39.09-33.81-27.76-
Price to Book Ratio6.82-6.82-7.20-6.12-5.43-
Price-to-Total Gains Ratio40.01-40.01-39.09-33.81-27.76-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share16.707005
Number of shares59
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.070.07
Usd Book Value Change Per Share0.220.17
Usd Total Gains Per Share0.290.24
Gains per Quarter (59 shares)17.1714.34
Gains per Year (59 shares)68.6957.38
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1165359184047
2321051283579104
34815819753119161
46421126671159218
58026433588198275
696316404106238332
7112369473124278389
8128422542142317446
9144474611159357503
10160527680177397560

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 Sundram

About Sundram Fasteners Limited

Sundram Fasteners Limited manufactures and sells precision components for the automotive, infrastructure, windmill, and aviation sectors in India, China, Germany, the United States, the United Kingdom, Italy, France, and Brazil. Its products include high tensile fasteners comprising wind energy, automotive, and aerospace and aviation fasteners; cold extruded parts, including gear blanks, transmission shafts, cams, starter sleeves and pinions, CV join parts, and fan hubs; and hot forged parts consisting of bevel gears and pinions, hub rings, clutch hubs, crankshafts sprockets, turbocharger parts, and connecting rods. It also provides powertrain components, such as turbine and output shafts, sungear shafts, and slip yokes; metal and nylon radiator caps radiator caps; and powder metallurgy parts, as well as offers pumps and assemblies for passenger cars, heavy and light commercial vehicles, off-road vehicles, tractors, combines, harvesters, forklifts, marine engines, power generation engines and two- wheelers. In addition, the company engages in the generation of power using non-conventional sources; and manufacture of parts for aerospace and defense. Further, it provides financial and software services; bearing houings; and spokes and nipples, automobile kits, dowels and rollers, small screws, and tools. The company was incorporated in 1962 and is headquartered in Chennai, India.

Fundamental data was last updated by Penke on 2024-07-15 01:34:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is very efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is 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 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 overpriced.
Based on the earnings, the company is overpriced.
Based on how much money comes from the company's main activities, the company is overpriced.
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1.1. Profitability of Sundram Fasteners Limited.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare¬†Sundram to the¬†Auto Parts industry mean.
  • A Net Profit Margin of 8.7%¬†means that¬†₹0.09 for each ₹1¬†in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Sundram Fasteners Limited:

  • The MRQ is 8.7%. The company is making a profit. +1
  • The TTM is 8.7%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ8.7%TTM8.7%0.0%
TTM8.7%YOY9.3%-0.6%
TTM8.7%5Y9.3%-0.6%
5Y9.3%10Y7.8%+1.5%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ8.7%3.2%+5.5%
TTM8.7%3.2%+5.5%
YOY9.3%4.8%+4.5%
5Y9.3%3.6%+5.7%
10Y7.8%3.2%+4.6%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy¬†but always compare¬†Sundram to the¬†Auto Parts industry mean.
  • 10.7% Return on Assets means that¬†Sundram generated¬†₹0.11 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Sundram Fasteners Limited:

  • The MRQ is 10.7%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 10.7%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ10.7%TTM10.7%0.0%
TTM10.7%YOY10.7%+0.0%
TTM10.7%5Y10.4%+0.3%
5Y10.4%10Y9.5%+0.9%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ10.7%3.7%+7.0%
TTM10.7%3.7%+7.0%
YOY10.7%5.5%+5.2%
5Y10.4%3.7%+6.7%
10Y9.5%4.3%+5.2%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare¬†Sundram to the¬†Auto Parts industry mean.
  • 16.4% Return on Equity means Sundram generated ₹0.16¬†for each¬†₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Sundram Fasteners Limited:

  • The MRQ is 16.4%. Using its investors money, the company is efficient in making profit. +1
  • The TTM is 16.4%. Using its investors money, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ16.4%TTM16.4%0.0%
TTM16.4%YOY17.4%-1.0%
TTM16.4%5Y18.0%-1.6%
5Y18.0%10Y18.6%-0.6%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ16.4%14.4%+2.0%
TTM16.4%14.4%+2.0%
YOY17.4%13.1%+4.3%
5Y18.0%12.4%+5.6%
10Y18.6%12.4%+6.2%
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1.2. Operating Efficiency of Sundram Fasteners Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Sundram is operating .

  • Measures how much profit Sundram 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¬†Sundram to the¬†Auto Parts 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 Sundram Fasteners Limited:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y6.9%-6.9%
5Y6.9%10Y9.0%-2.1%
1.2.2. Operating Ratio

Measures how efficient Sundram is keeping operating costs low.

  • Below 1 is considered healthy (always compare to¬†Auto Parts industry mean).
  • An Operation Ratio of 0.44 means that the operating costs are ₹0.44 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of Sundram Fasteners Limited:

  • The MRQ is 0.440. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.440. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.440TTM0.4400.000
TTM0.440YOY0.420+0.019
TTM0.4405Y0.841-0.401
5Y0.84110Y1.151-0.309
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4400.738-0.298
TTM0.4400.738-0.298
YOY0.4200.725-0.305
5Y0.8411.025-0.184
10Y1.1511.390-0.239
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1.3. Liquidity of Sundram Fasteners Limited.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to¬†Auto Parts industry mean).
  • A Current Ratio of 1.77¬†means the company has ₹1.77 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of Sundram Fasteners Limited:

  • The MRQ is 1.767. The company is able to pay all its short-term debts. +1
  • The TTM is 1.767. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.767TTM1.7670.000
TTM1.767YOY1.584+0.182
TTM1.7675Y1.475+0.291
5Y1.47510Y1.309+0.166
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ1.7670.988+0.779
TTM1.7670.988+0.779
YOY1.5841.026+0.558
5Y1.4751.055+0.420
10Y1.3091.065+0.244
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but¬†always compare¬†Sundram to the¬†Auto Parts industry mean.
  • A Quick Ratio of 0.99¬†means the company can pay off ₹0.99 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Sundram Fasteners Limited:

  • The MRQ is 0.990. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.990. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.990TTM0.9900.000
TTM0.990YOY0.869+0.121
TTM0.9905Y0.807+0.182
5Y0.80710Y0.697+0.111
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9900.511+0.479
TTM0.9900.511+0.479
YOY0.8690.626+0.243
5Y0.8070.548+0.259
10Y0.6970.557+0.140
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1.4. Solvency of Sundram Fasteners Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare¬†Sundram to Auto Parts industry mean.
  • A Debt to Asset Ratio of 0.35¬†means that Sundram assets are¬†financed with 34.8% credit (debt) and the remaining percentage (100% - 34.8%)¬†is financed by its owners/shareholders.¬†

Let's take a look of the Debt to Asset Ratio trends of Sundram Fasteners Limited:

  • The MRQ is 0.348. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.348. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.348TTM0.3480.000
TTM0.348YOY0.388-0.040
TTM0.3485Y0.414-0.066
5Y0.41410Y0.488-0.074
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3480.697-0.349
TTM0.3480.697-0.349
YOY0.3880.682-0.294
5Y0.4140.664-0.250
10Y0.4880.687-0.199
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but¬†always compare¬†Sundram to the¬†Auto Parts industry mean.
  • A Debt to Equity ratio of 53.3% means that company has ₹0.53 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Sundram Fasteners Limited:

  • The MRQ is 0.533. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.533. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.533TTM0.5330.000
TTM0.533YOY0.634-0.101
TTM0.5335Y0.720-0.187
5Y0.72010Y1.025-0.305
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5332.250-1.717
TTM0.5332.250-1.717
YOY0.6341.660-1.026
5Y0.7201.604-0.884
10Y1.0252.235-1.210
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2. Market Valuation of Sundram Fasteners 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 Sundram generates.

  • Above 15 is considered overpriced but¬†always compare¬†Sundram to the¬†Auto Parts industry mean.
  • A PE ratio of 41.57 means the investor is paying ₹41.57¬†for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Sundram Fasteners Limited:

  • The EOD is 59.635. Based on the earnings, the company is expensive. -2
  • The MRQ is 41.572. Based on the earnings, the company is overpriced. -1
  • The TTM is 41.572. Based on the earnings, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD59.635MRQ41.572+18.063
MRQ41.572TTM41.5720.000
TTM41.572YOY41.304+0.268
TTM41.5725Y34.913+6.659
5Y34.91310Y29.607+5.306
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
EOD59.63540.517+19.118
MRQ41.57219.686+21.886
TTM41.57219.686+21.886
YOY41.30425.254+16.050
5Y34.91329.292+5.621
10Y29.60729.6070.000
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is 128.026. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is 89.247. Based on how much money comes from the company's main activities, the company is overpriced. -1
  • The TTM is 89.247. Based on how much money comes from the company's main activities, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD128.026MRQ89.247+38.778
MRQ89.247TTM89.2470.000
TTM89.247YOY95.540-6.292
TTM89.2475Y35.721+53.527
5Y35.72110Y344.865-309.145
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
EOD128.02619.540+108.486
MRQ89.24714.967+74.280
TTM89.24714.967+74.280
YOY95.54027.886+67.654
5Y35.72121.285+14.436
10Y344.86553.980+290.885
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2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy¬†(always compare to Auto Parts industry mean).
  • A PB ratio of 6.82 means the investor is paying ₹6.82¬†for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of Sundram Fasteners Limited:

  • The EOD is 9.782. Based on the equity, the company is overpriced. -1
  • The MRQ is 6.819. Based on the equity, the company is overpriced. -1
  • The TTM is 6.819. Based on the equity, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD9.782MRQ6.819+2.963
MRQ6.819TTM6.8190.000
TTM6.819YOY7.197-0.377
TTM6.8195Y6.123+0.697
5Y6.12310Y5.433+0.689
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
EOD9.7825.296+4.486
MRQ6.8192.838+3.981
TTM6.8192.838+3.981
YOY7.1972.096+5.101
5Y6.1232.969+3.154
10Y5.4334.550+0.883
2. Total Gains per Share
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3. Summary

3.1. Key Performance Indicators

The key performance indicators of Sundram Fasteners 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--18.77118.7710%13.048+44%14.131+33%14.352+31%
Book Value Per Share--143.518143.5180%124.747+15%112.788+27%82.166+75%
Current Ratio--1.7671.7670%1.584+12%1.475+20%1.309+35%
Debt To Asset Ratio--0.3480.3480%0.388-10%0.414-16%0.488-29%
Debt To Equity Ratio--0.5330.5330%0.634-16%0.720-26%1.025-48%
Dividend Per Share--5.6895.6890%9.919-43%6.300-10%4.678+22%
Eps--23.54223.5420%21.735+8%19.921+18%15.205+55%
Free Cash Flow Per Share--10.96610.9660%9.397+17%8.945+23%8.147+35%
Free Cash Flow To Equity Per Share--0.7700.7700%0.527+46%0.180+328%-0.045+106%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--125.104--------
Intrinsic Value_10Y_min---28.296--------
Intrinsic Value_1Y_max--11.253--------
Intrinsic Value_1Y_min--6.036--------
Intrinsic Value_3Y_max--34.789--------
Intrinsic Value_3Y_min--10.560--------
Intrinsic Value_5Y_max--59.504--------
Intrinsic Value_5Y_min--6.745--------
Market Cap295009205600.000+30%205652635719.000205652635719.0000%188642744167.500+9%148543947320.400+38%102634035340.100+100%
Net Profit Margin--0.0870.0870%0.093-6%0.093-6%0.078+12%
Operating Margin----0%-0%0.069-100%0.090-100%
Operating Ratio--0.4400.4400%0.420+5%0.841-48%1.151-62%
Pb Ratio9.782+30%6.8196.8190%7.197-5%6.123+11%5.433+26%
Pe Ratio59.635+30%41.57241.5720%41.304+1%34.913+19%29.607+40%
Price Per Share1403.950+30%978.700978.7000%897.750+9%706.920+38%488.435+100%
Price To Free Cash Flow Ratio128.026+30%89.24789.2470%95.540-7%35.721+150%344.865-74%
Price To Total Gains Ratio57.398+30%40.01340.0130%39.089+2%33.808+18%27.765+44%
Quick Ratio--0.9900.9900%0.869+14%0.807+23%0.697+42%
Return On Assets--0.1070.1070%0.107+0%0.104+3%0.095+12%
Return On Equity--0.1640.1640%0.174-6%0.180-9%0.186-12%
Total Gains Per Share--24.46024.4600%22.967+7%20.430+20%19.030+29%
Usd Book Value--358869490.000358869490.0000%311932320.000+15%282029524.000+27%205457116.410+75%
Usd Book Value Change Per Share--0.2230.2230%0.155+44%0.168+33%0.171+31%
Usd Book Value Per Share--1.7081.7080%1.484+15%1.342+27%0.978+75%
Usd Dividend Per Share--0.0680.0680%0.118-43%0.075-10%0.056+22%
Usd Eps--0.2800.2800%0.259+8%0.237+18%0.181+55%
Usd Free Cash Flow--27421170.00027421170.0000%23496550.000+17%22367240.000+23%20371480.290+35%
Usd Free Cash Flow Per Share--0.1300.1300%0.112+17%0.106+23%0.097+35%
Usd Free Cash Flow To Equity Per Share--0.0090.0090%0.006+46%0.002+328%-0.001+106%
Usd Market Cap3510609546.640+30%2447266365.0562447266365.0560%2244848655.593+9%1767672973.113+38%1221345020.547+100%
Usd Price Per Share16.707+30%11.64711.6470%10.683+9%8.412+38%5.812+100%
Usd Profit--58868110.00058868110.0000%54349680.000+8%49812686.000+18%38021724.510+55%
Usd Revenue--673867250.000673867250.0000%583345140.000+16%535267474.000+26%467791534.700+44%
Usd Total Gains Per Share--0.2910.2910%0.273+7%0.243+20%0.226+29%
 EOD+4 -4MRQTTM+0 -0YOY+27 -75Y+26 -910Y+30 -5

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1559.635
Price to Book Ratio (EOD)Between0-19.782
Net Profit Margin (MRQ)Greater than00.087
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.990
Current Ratio (MRQ)Greater than11.767
Debt to Asset Ratio (MRQ)Less than10.348
Debt to Equity Ratio (MRQ)Less than10.533
Return on Equity (MRQ)Greater than0.150.164
Return on Assets (MRQ)Greater than0.050.107
Total6/10 (60.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5063.993
Ma 20Greater thanMa 501,386.410
Ma 50Greater thanMa 1001,289.159
Ma 100Greater thanMa 2001,185.489
OpenGreater thanClose1,375.350
Total3/5 (60.0%)



Latest Balance Sheet

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

Summary
Total Assets46,243,900
Total Liabilities16,086,800
Total Stockholder Equity30,157,100
 As reported
Total Liabilities 16,086,800
Total Stockholder Equity+ 30,157,100
Total Assets = 46,243,900

Assets

Total Assets46,243,900
Total Current Assets22,486,500
Long-term Assets0
Total Current Assets
Cash And Cash Equivalents 572,400
Short-term Investments 287,200
Net Receivables 11,446,500
Inventory 9,504,000
Other Current Assets 129,600
Total Current Assets  (as reported)22,486,500
Total Current Assets  (calculated)21,939,700
+/- 546,800
Long-term Assets
Property Plant Equipment 20,843,100
Goodwill 33,400
Intangible Assets 35,300
Long-term Assets  (as reported)0
Long-term Assets  (calculated)20,911,800
+/- 20,911,800

Liabilities & Shareholders' Equity

Total Current Liabilities12,727,200
Long-term Liabilities0
Total Stockholder Equity30,157,100
Total Current Liabilities
Short-term Debt 4,716,200
Total Current Liabilities  (as reported)12,727,200
Total Current Liabilities  (calculated)4,716,200
+/- 8,011,000
Long-term Liabilities
Long term Debt Total 1,596,800
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)1,596,800
+/- 1,596,800
Total Stockholder Equity
Common Stock210,100
Retained Earnings 28,563,700
Other Stockholders Equity 727,100
Total Stockholder Equity (as reported)30,157,100
Total Stockholder Equity (calculated)29,500,900
+/- 656,200
Other
Cash And Equivalents2,900
Cash and Short Term Investments 862,500
Common Stock Shares Outstanding 210,128
Liabilities and Stockholders Equity 46,243,900
Net Working Capital 9,759,300



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 
21,636,012
23,411,165
22,018,735
25,277,200
29,874,200
37,032,500
35,500,100
39,299,200
42,841,700
46,243,900
46,243,90042,841,70039,299,20035,500,10037,032,50029,874,20025,277,20022,018,73523,411,16521,636,012
   > Total Current Assets 
10,576,642
12,277,369
11,089,074
12,206,000
14,536,800
16,994,700
13,551,600
16,662,400
19,821,400
22,486,500
22,486,50019,821,40016,662,40013,551,60016,994,70014,536,80012,206,00011,089,07412,277,36910,576,642
       Cash And Cash Equivalents 
254,872
248,449
27,547
36,300
45,200
13,100
16,100
238,900
364,200
572,400
572,400364,200238,90016,10013,10045,20036,30027,547248,449254,872
       Short-term Investments 
1,145
33,766
24,628
33,471
49,300
36,800
30,600
129,900
201,000
287,200
287,200201,000129,90030,60036,80049,30033,47124,62833,7661,145
       Net Receivables 
4,954,106
5,011,474
5,436,064
6,541,400
7,936,100
8,868,900
6,543,800
8,896,000
10,105,100
11,446,500
11,446,50010,105,1008,896,0006,543,8008,868,9007,936,1006,541,4005,436,0645,011,4744,954,106
       Inventory 
4,409,528
5,264,450
4,375,911
4,553,500
5,476,800
6,873,700
5,793,400
6,837,700
8,334,600
9,504,000
9,504,0008,334,6006,837,7005,793,4006,873,7005,476,8004,553,5004,375,9115,264,4504,409,528
       Other Current Assets 
706,281
1,544,238
689,267
57,100
49,900
249,400
168,100
110,600
236,100
129,600
129,600236,100110,600168,100249,40049,90057,100689,2671,544,238706,281
   > Long-term Assets 
0
0
0
12,575,831
15,337,400
20,037,800
21,948,500
0
0
0
00021,948,50020,037,80015,337,40012,575,831000
       Property Plant Equipment 
10,418,598
10,366,422
9,700,958
10,873,300
12,546,800
16,994,000
19,885,400
20,249,200
20,489,300
20,843,100
20,843,10020,489,30020,249,20019,885,40016,994,00012,546,80010,873,3009,700,95810,366,42210,418,598
       Goodwill 
0
0
0
33,400
33,400
33,400
33,400
33,400
33,400
33,400
33,40033,40033,40033,40033,40033,40033,400000
       Long Term Investments 
100,207
33,670
257,853
317,669
0
0
0
0
0
0
000000317,669257,85333,670100,207
       Intangible Assets 
56,756
39,275
10,821
7,400
5,100
50,700
41,500
38,700
43,200
35,300
35,30043,20038,70041,50050,7005,1007,40010,82139,27556,756
       Long-term Assets Other 
0
0
0
412,828
432,700
501,900
-80,300
0
0
0
000-80,300501,900432,700412,828000
> Total Liabilities 
13,583,225
14,518,906
12,482,842
12,915,900
14,563,200
18,332,800
15,540,900
15,828,200
16,628,900
16,086,800
16,086,80016,628,90015,828,20015,540,90018,332,80014,563,20012,915,90012,482,84214,518,90613,583,225
   > Total Current Liabilities 
10,110,317
11,529,725
9,979,694
10,514,200
10,913,200
13,130,700
10,621,200
11,450,400
12,509,900
12,727,200
12,727,20012,509,90011,450,40010,621,20013,130,70010,913,20010,514,2009,979,69411,529,72510,110,317
       Short-term Debt 
7,328,804
8,739,406
3,871,114
4,696,900
3,827,400
6,390,500
5,193,900
3,320,400
4,200,900
4,716,200
4,716,2004,200,9003,320,4005,193,9006,390,5003,827,4004,696,9003,871,1148,739,4067,328,804
       Short Long Term Debt 
7,328,804
8,739,406
6,019,840
7,002,479
4,819,400
6,555,000
5,604,300
0
0
0
0005,604,3006,555,0004,819,4007,002,4796,019,8408,739,4067,328,804
       Accounts payable 
3,393,807
2,976,419
3,354,668
3,136,341
4,505,100
4,870,000
3,850,800
0
0
0
0003,850,8004,870,0004,505,1003,136,3413,354,6682,976,4193,393,807
       Other Current Liabilities 
1,062,493
351,118
1,944,203
1,230,196
918,400
882,500
451,500
0
0
0
000451,500882,500918,4001,230,1961,944,203351,1181,062,493
   > Long-term Liabilities 
0
0
0
2,377,253
3,574,900
5,124,400
4,835,800
0
0
0
0004,835,8005,124,4003,574,9002,377,253000
       Long term Debt Total 
0
0
1,757,426
1,500,300
2,180,800
3,396,300
3,506,500
2,845,200
2,490,300
1,596,800
1,596,8002,490,3002,845,2003,506,5003,396,3002,180,8001,500,3001,757,42600
       Capital Lease Obligations 
0
0
0
0
0
0
316,100
0
0
0
000316,100000000
       Long-term Liabilities Other 
0
0
0
0
0
6,400
0
0
0
0
00006,40000000
> Total Stockholder Equity
8,013,943
8,787,753
9,535,893
12,361,300
15,311,000
18,699,700
19,959,200
23,471,000
26,212,800
30,157,100
30,157,10026,212,80023,471,00019,959,20018,699,70015,311,00012,361,3009,535,8938,787,7538,013,943
   Common Stock
210,128
210,128
210,128
210,100
210,100
210,100
210,100
210,100
210,100
210,100
210,100210,100210,100210,100210,100210,100210,100210,128210,128210,128
   Retained Earnings 
7,040,500
7,849,335
8,715,427
11,627,500
14,325,300
17,540,900
18,951,400
22,276,600
24,787,400
28,563,700
28,563,70024,787,40022,276,60018,951,40017,540,90014,325,30011,627,5008,715,4277,849,3357,040,500
   Capital Surplus 0000000000
   Treasury Stock0000000000
   Other Stockholders Equity 
763,315
728,290
442,385
305,800
310,300
488,000
561,400
597,500
724,700
727,100
727,100724,700597,500561,400488,000310,300305,800442,385728,290763,315



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 (+$)
totalRevenue56,627,500
Cost of Revenue-24,895,800
Gross Profit31,731,70031,731,700
 
Operating Income (+$)
Gross Profit31,731,700
Operating Expense-0
Operating Income6,556,90031,731,700
 
Operating Expense (+$)
Research Development0
Selling General Administrative23,195,100
Selling And Marketing Expenses0
Operating Expense023,195,100
 
Net Interest Income (+$)
Interest Income84,900
Interest Expense-3,700
Other Finance Cost-81,200
Net Interest Income0
 
Pretax Income (+$)
Operating Income6,556,900
Net Interest Income0
Other Non-Operating Income Expenses0
Income Before Tax (EBT)6,606,6006,556,900
EBIT - interestExpense = -3,700
4,946,900
4,950,600
Interest Expense3,700
Earnings Before Interest and Taxes (EBIT)06,610,300
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax6,606,600
Tax Provision-1,603,100
Net Income From Continuing Ops05,003,500
Net Income4,946,900
Net Income Applicable To Common Shares4,946,900
 
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 Sundram
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 Sundram. The general trend of Sundram is BULLISH with 85.7% 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 Sundram'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 (85.7%) Bearish trend (-85.7%)
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 Sundram Fasteners Limited.

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

  • Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 1,450.

The bearish price targets are: 1,303 > 1,281 > 1,242.

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Sundram Fasteners 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 Sundram Fasteners Limited. The current mas is .

The long score for the Moving Averages is 13/14.
The longshort score for the Moving Averages is 12/(-14 +14).

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

Sundram Fasteners 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 Sundram Fasteners Limited. The current macd is 29.84.

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 Sundram price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Sundram. 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 Sundram 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
Sundram Fasteners Limited Daily Moving Average Convergence/Divergence (MACD) ChartSundram Fasteners 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 Sundram Fasteners Limited. The current adx is 51.01.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Sundram shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.
Sundram Fasteners 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 Sundram Fasteners Limited. The current sar is 1,501.

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
Sundram Fasteners 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 Sundram Fasteners Limited. The current rsi is 63.99. The current phase is Continuation in bull market.

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

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
Sundram Fasteners Limited Daily Relative Strength Index (RSI) ChartSundram Fasteners 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 Sundram Fasteners 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 Sundram price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Sundram Fasteners Limited Daily Stochastic Oscillator ChartSundram Fasteners 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 Sundram Fasteners Limited. The current cci is 57.55.

Sundram Fasteners Limited Daily Commodity Channel Index (CCI) ChartSundram Fasteners 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 Sundram Fasteners Limited. The current cmo is 23.83.

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

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Sundram Fasteners Limited Daily Chande Momentum Oscillator (CMO) ChartSundram Fasteners 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 Sundram Fasteners Limited. The current willr is -69.98602376.

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

Sundram Fasteners 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 Sundram Fasteners Limited. The current atr is 55.46.

Sundram Fasteners Limited Daily Average True Range (ATR) ChartSundram Fasteners 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 Sundram Fasteners Limited. The current obv is -763,191.

Sundram Fasteners Limited Daily On-Balance Volume (OBV) ChartSundram Fasteners 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 Sundram Fasteners Limited. The current mfi is 59.18.

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
Sundram Fasteners Limited Daily Money Flow Index (MFI) ChartSundram Fasteners Limited Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Sundram Fasteners 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
2024-02-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-01MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-03-04STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-07RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-03-11MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-13STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-18STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-20STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-21STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-26SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-03-27CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-28DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-04-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-05STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-08WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-04-09BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-10STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-04-12MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-04-16SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-04-19CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-04-22MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-04-25STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-26DMI 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
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-29SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-04-30MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-05-03CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-05-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-08STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-05-09STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-05-14STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-05-15CCI 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).
2024-05-16RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-17STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-05-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-23SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-05-27MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-05-28STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-05-29STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-05-30CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-05-31SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-03MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-06-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-05STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-06CCI 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.
2024-06-10STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-11STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-12STOCH LONG EXITThe %K line crosses below the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-06-13STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-19RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-06-20STOCH 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
2024-06-21RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-06-24CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-06-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-27MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-06-28STOCH SHORT EXITThe %K line crosses above the %D line.
2024-07-02WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-07-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-08SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-07-09RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-10MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-07-18SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-07-22SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-07-24STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

Sundram Fasteners Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5063.993
Ma 20Greater thanMa 501,386.410
Ma 50Greater thanMa 1001,289.159
Ma 100Greater thanMa 2001,185.489
OpenGreater thanClose1,375.350
Total3/5 (60.0%)
Penke

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