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SKF India Limited
Buy, Hold or Sell?

Let's analyze SKF India Limited together

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

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

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Quick analysis of SKF India Limited (30 sec.)










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

How much money do you get?

How much money do you get?
INR1.90
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
INR542.65
Expected worth in 1 year
INR817.39
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
INR434.46
Return On Investment
7.7%

For what price can you sell your share?

Current Price per Share
INR5,612.65
Expected price per share
INR5,311 - INR7,201
How sure are you?
50%
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1. Valuation of SKF India Limited (5 min.)




Live pricePrice per Share (EOD)

INR5,612.65

Intrinsic Value Per Share

INR990.91 - INR1,334.97

Total Value Per Share

INR1,533.56 - INR1,877.62

2. Growth of SKF India Limited (5 min.)




Is SKF India Limited growing?

Current yearPrevious yearGrowGrow %
How rich?$319.2m$278.6m$40.6m12.7%

How much money is SKF India Limited making?

Current yearPrevious yearGrowGrow %
Making money$65.6m$62.4m$3.2m4.9%
Net Profit Margin12.1%12.2%--

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

3. Financial Health of SKF India Limited (5 min.)




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

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

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

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

Speculation

The Price per Share of SKF India Limited is INR5,613. 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 SKF India Limited.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

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

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is INR542.65. Based on the TTM, the Book Value Change Per Share is INR68.69 per quarter. Based on the YOY, the Book Value Change Per Share is INR92.24 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 INR39.93 per quarter.
Based on historical numbers we can estimate the returns while holding a share of SKF India Limited.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps1.330.0%1.330.0%1.260.0%0.990.0%0.780.0%
Usd Book Value Change Per Share0.820.0%0.820.0%1.100.0%0.470.0%0.810.0%
Usd Dividend Per Share0.480.0%0.480.0%0.170.0%0.510.0%0.380.0%
Usd Total Gains Per Share1.290.0%1.290.0%1.270.0%0.980.0%1.190.0%
Usd Price Per Share54.77-54.77-53.56-39.79-30.46-
Price to Earnings Ratio41.24-41.24-42.36-39.15-31.62-
Price-to-Total Gains Ratio42.38-42.38-42.14-39.52-657.43-
Price to Book Ratio8.48-8.48-9.50-7.76-5.94-
Price-to-Total Gains Ratio42.38-42.38-42.14-39.52-657.43-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share66.790535
Number of shares14
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.480.51
Usd Book Value Change Per Share0.820.47
Usd Total Gains Per Share1.290.98
Gains per Quarter (14 shares)18.1013.76
Gains per Year (14 shares)72.3855.04
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1274662282745
253921345753100
3801372068580155
4106183278114106210
5133229350142133265
6160275422171159320
7186320494199186375
8213366566228213430
9239412638256239485
10266458710285266540

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%8.00.00.0100.0%8.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%6.02.00.075.0%6.02.00.075.0%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%8.00.00.0100.0%8.00.00.0100.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%8.00.00.0100.0%8.00.00.0100.0%
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Fundamentals of SKF India Limited

About SKF India Limited

  • 1797

SKF India Limited manufactures and supplies products, solutions, and services in the area of bearings, seals, mechatronics, and lubrication systems primarily in India. The company's products primarily include actuation systems; bearings, units, and housings; condition monitoring products; coupling systems; lubrication solutions; linear motion; magnetic systems; maintenance products; power transmission products; seals; test and measurement equipment; and vehicle aftermarket products. It also provides services, such as asset management, business consulting, customer training, engineering consultancy, logistics, mechanical maintenance, and remanufacturing and maintenance, as well as service contracts. SKF India Limited primarily serves automotive, aerospace, railway, renewable energy, medical, and food and beverage industries. The company was formerly known as SKF Bearings India Limited and changed its name to SKF India Limited in 2004. SKF India Limited was founded in 1907 and is based in Mumbai, India. SKF India Limited is a subsidiary of Aktiebolaget SKF.

Fundamental data was last updated by Penke on 2024-07-15 01:40:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is inefficient 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 fair priced.
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1.1. Profitability of SKF India Limited.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare¬†SKF India Limited to the¬†Machinery, Tools, Heavy Vehicles, Trains & Ships industry mean.
  • A Net Profit Margin of 12.1%¬†means that¬†₹0.12 for each ₹1¬†in revenue is generated as profit.

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

  • The MRQ is 12.1%. The company is making a huge profit. +2
  • The TTM is 12.1%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ12.1%TTM12.1%0.0%
TTM12.1%YOY12.2%-0.1%
TTM12.1%5Y11.3%+0.8%
5Y11.3%10Y10.5%+0.8%
1.1.2. Return on Assets

Shows how efficient SKF India Limited is using its assets to generate profit.

  • Above 5% is considered healthy¬†but always compare¬†SKF India Limited to the¬†Machinery, Tools, Heavy Vehicles, Trains & Ships industry mean.
  • 15.1% Return on Assets means that¬†SKF India Limited generated¬†₹0.15 profit for each $1 in assets.

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

  • The MRQ is 15.1%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 15.1%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ15.1%TTM15.1%0.0%
TTM15.1%YOY16.5%-1.4%
TTM15.1%5Y14.3%+0.8%
5Y14.3%10Y13.4%+0.9%
1.1.3. Return on Equity

Shows how efficient SKF India Limited is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare¬†SKF India Limited to the¬†Machinery, Tools, Heavy Vehicles, Trains & Ships industry mean.
  • 20.6% Return on Equity means SKF India Limited generated ₹0.21¬†for each¬†₹1 the owners (shareholders) invested.

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

  • The MRQ is 20.6%. Using its investors money, the company is efficient in making profit. +1
  • The TTM is 20.6%. Using its investors money, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ20.6%TTM20.6%0.0%
TTM20.6%YOY22.4%-1.8%
TTM20.6%5Y19.6%+0.9%
5Y19.6%10Y18.1%+1.5%
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1.2. Operating Efficiency of SKF India Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient SKF India Limited is operating .

  • Measures how much profit SKF India Limited makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare¬†SKF India Limited to the¬†Machinery, Tools, Heavy Vehicles, Trains & Ships 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 SKF India Limited:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y3.2%-3.2%
5Y3.2%10Y7.2%-4.0%
1.2.2. Operating Ratio

Measures how efficient SKF India Limited is keeping operating costs low.

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

  • The MRQ is 1.467. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.467. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.467TTM1.4670.000
TTM1.467YOY1.485-0.018
TTM1.4675Y1.503-0.036
5Y1.50310Y1.407+0.096
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1.3. Liquidity of SKF India Limited.

1.3. Liquidity
1.3.1. Current Ratio

Measures if SKF India Limited is able to pay off Short-term Debt.

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

  • The MRQ is 2.954. The company is able to pay all its short-term debts. +1
  • The TTM is 2.954. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ2.954TTM2.9540.000
TTM2.954YOY3.076-0.122
TTM2.9545Y2.964-0.009
5Y2.96410Y3.174-0.210
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but¬†always compare¬†SKF India Limited to the¬†Machinery, Tools, Heavy Vehicles, Trains & Ships industry mean.
  • A Quick Ratio of 0.84¬†means the company can pay off ₹0.84 for each ₹1 in debt (using most liquid assets).

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

  • The MRQ is 0.841. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.841. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.841TTM0.8410.000
TTM0.841YOY2.053-1.211
TTM0.8415Y1.982-1.141
5Y1.98210Y2.559-0.577
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1.4. Solvency of SKF India Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare¬†SKF India Limited to Machinery, Tools, Heavy Vehicles, Trains & Ships industry mean.
  • A Debt to Asset Ratio of 0.27¬†means that SKF India Limited assets are¬†financed with 26.5% credit (debt) and the remaining percentage (100% - 26.5%)¬†is financed by its owners/shareholders.¬†

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

  • The MRQ is 0.265. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.265. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.265TTM0.2650.000
TTM0.265YOY0.263+0.002
TTM0.2655Y0.271-0.006
5Y0.27110Y0.256+0.015
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but¬†always compare¬†SKF India Limited to the¬†Machinery, Tools, Heavy Vehicles, Trains & Ships industry mean.
  • A Debt to Equity ratio of 36.1% means that company has ₹0.36 debt for each ₹1 in shareholders equity.

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

  • The MRQ is 0.361. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.361. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.361TTM0.3610.000
TTM0.361YOY0.357+0.004
TTM0.3615Y0.375-0.014
5Y0.37510Y0.347+0.028
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2. Market Valuation of SKF India Limited

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

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

  • Above 15 is considered overpriced but¬†always compare¬†SKF India Limited to the¬†Machinery, Tools, Heavy Vehicles, Trains & Ships industry mean.
  • A PE ratio of 41.24 means the investor is paying ₹41.24¬†for every ₹1 in earnings.

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

  • The EOD is 50.286. Based on the earnings, the company is expensive. -2
  • The MRQ is 41.237. Based on the earnings, the company is overpriced. -1
  • The TTM is 41.237. Based on the earnings, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD50.286MRQ41.237+9.049
MRQ41.237TTM41.2370.000
TTM41.237YOY42.363-1.126
TTM41.2375Y39.154+2.083
5Y39.15410Y31.624+7.529
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is 56.204. Based on how much money comes from the company's main activities, the company is overpriced. -1
  • The MRQ is 46.090. Based on how much money comes from the company's main activities, the company is fair priced.
  • The TTM is 46.090. Based on how much money comes from the company's main activities, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD56.204MRQ46.090+10.114
MRQ46.090TTM46.0900.000
TTM46.090YOY38.106+7.984
TTM46.0905Y-74.370+120.460
5Y-74.37010Y-19.990-54.380
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2. Book Value per Share
2.3. Price to Book Ratio

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

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

  • The EOD is 10.343. Based on the equity, the company is expensive. -2
  • The MRQ is 8.482. Based on the equity, the company is overpriced. -1
  • The TTM is 8.482. Based on the equity, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD10.343MRQ8.482+1.861
MRQ8.482TTM8.4820.000
TTM8.482YOY9.497-1.015
TTM8.4825Y7.758+0.724
5Y7.75810Y5.935+1.823
2. Total Gains per Share
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3. Summary

3.1. Key Performance Indicators

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

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--68.68668.6860%92.245-26%39.881+72%67.831+1%
Book Value Per Share--542.650542.6500%473.964+14%420.053+29%349.430+55%
Current Ratio--2.9542.9540%3.076-4%2.9640%3.174-7%
Debt To Asset Ratio--0.2650.2650%0.263+1%0.271-2%0.256+4%
Debt To Equity Ratio--0.3610.3610%0.357+1%0.375-4%0.347+4%
Dividend Per Share--39.92939.9290%14.563+174%42.714-7%32.335+23%
Eps--111.615111.6150%106.251+5%83.307+34%65.371+71%
Free Cash Flow Per Share--99.86399.8630%118.121-15%61.821+62%51.512+94%
Free Cash Flow To Equity Per Share--99.86399.8630%102.221-2%21.902+356%6.037+1554%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--1334.971--------
Intrinsic Value_10Y_min--990.914--------
Intrinsic Value_1Y_max--84.198--------
Intrinsic Value_1Y_min--72.000--------
Intrinsic Value_3Y_max--290.762--------
Intrinsic Value_3Y_min--241.255--------
Intrinsic Value_5Y_max--542.880--------
Intrinsic Value_5Y_min--436.528--------
Market Cap--227545640401.950227545640401.9500%222356810000.000+2%165226224207.550+38%120673538749.939+89%
Net Profit Margin--0.1210.1210%0.122-1%0.113+7%0.105+15%
Operating Margin----0%-0%0.032-100%0.072-100%
Operating Ratio--1.4671.4670%1.485-1%1.503-2%1.407+4%
Pb Ratio10.343+18%8.4828.4820%9.497-11%7.758+9%5.935+43%
Pe Ratio50.286+18%41.23741.2370%42.363-3%39.154+5%31.624+30%
Price Per Share5612.650+18%4602.6504602.6500%4501.150+2%3343.620+38%2559.844+80%
Price To Free Cash Flow Ratio56.204+18%46.09046.0900%38.106+21%-74.370+261%-19.990+143%
Price To Total Gains Ratio51.675+18%42.37642.3760%42.143+1%39.519+7%657.434-94%
Quick Ratio--0.8410.8410%2.053-59%1.982-58%2.559-67%
Return On Assets--0.1510.1510%0.165-9%0.143+6%0.134+13%
Return On Equity--0.2060.2060%0.224-8%0.196+5%0.181+14%
Total Gains Per Share--108.615108.6150%106.808+2%82.595+32%100.166+8%
Usd Book Value--319247250.000319247250.0000%278624220.000+15%247016392.000+29%229919767.778+39%
Usd Book Value Change Per Share--0.8170.8170%1.098-26%0.475+72%0.807+1%
Usd Book Value Per Share--6.4586.4580%5.640+14%4.999+29%4.158+55%
Usd Dividend Per Share--0.4750.4750%0.173+174%0.508-7%0.385+23%
Usd Eps--1.3281.3280%1.264+5%0.991+34%0.778+71%
Usd Free Cash Flow--58750300.00058750300.0000%69438880.000-15%36355690.000+62%27067740.000+117%
Usd Free Cash Flow Per Share--1.1881.1880%1.406-15%0.736+62%0.613+94%
Usd Free Cash Flow To Equity Per Share--1.1881.1880%1.216-2%0.261+356%0.072+1554%
Usd Market Cap--2707793120.7832707793120.7830%2646046039.000+2%1966192068.070+38%1436015111.124+89%
Usd Price Per Share66.791+18%54.77254.7720%53.564+2%39.789+38%30.462+80%
Usd Profit--65664200.00065664200.0000%62460720.000+5%48988016.000+34%42175715.556+56%
Usd Revenue--543845470.000543845470.0000%512285480.000+6%429667350.000+27%396066774.444+37%
Usd Total Gains Per Share--1.2931.2930%1.271+2%0.983+32%1.192+8%
 EOD+2 -4MRQTTM+0 -0YOY+18 -165Y+26 -910Y+24 -11

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1550.286
Price to Book Ratio (EOD)Between0-110.343
Net Profit Margin (MRQ)Greater than00.121
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.841
Current Ratio (MRQ)Greater than12.954
Debt to Asset Ratio (MRQ)Less than10.265
Debt to Equity Ratio (MRQ)Less than10.361
Return on Equity (MRQ)Greater than0.150.206
Return on Assets (MRQ)Greater than0.050.151
Total6/10 (60.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5031.880
Ma 20Greater thanMa 506,103.688
Ma 50Greater thanMa 1006,018.160
Ma 100Greater thanMa 2005,198.726
OpenGreater thanClose5,630.200
Total4/5 (80.0%)



Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in INR. All numbers in thousands.

Summary
Total Assets36,514,000
Total Liabilities9,686,500
Total Stockholder Equity26,827,500
 As reported
Total Liabilities 9,686,500
Total Stockholder Equity+ 26,827,500
Total Assets = 36,514,000

Assets

Total Assets36,514,000
Total Current Assets27,412,100
Long-term Assets9,101,900
Total Current Assets
Cash And Cash Equivalents 12,174,600
Short-term Investments 292,100
Net Receivables 7,513,300
Inventory 6,838,800
Other Current Assets 593,300
Total Current Assets  (as reported)27,412,100
Total Current Assets  (calculated)27,412,100
+/-0
Long-term Assets
Property Plant Equipment 5,358,400
Long-term Assets Other 887,800
Long-term Assets  (as reported)9,101,900
Long-term Assets  (calculated)6,246,200
+/- 2,855,700

Liabilities & Shareholders' Equity

Total Current Liabilities9,279,600
Long-term Liabilities406,900
Total Stockholder Equity26,827,500
Total Current Liabilities
Accounts payable 7,131,400
Other Current Liabilities 258,600
Total Current Liabilities  (as reported)9,279,600
Total Current Liabilities  (calculated)7,390,000
+/- 1,889,600
Long-term Liabilities
Capital Lease Obligations Min Short Term Debt117,600
Long-term Liabilities  (as reported)406,900
Long-term Liabilities  (calculated)117,600
+/- 289,300
Total Stockholder Equity
Total Stockholder Equity (as reported)26,827,500
Total Stockholder Equity (calculated)0
+/- 26,827,500
Other
Capital Stock494,400
Common Stock Shares Outstanding 49,438
Net Invested Capital 26,827,500
Net Working Capital 18,132,500
Property Plant and Equipment Gross 5,358,400



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-31
> Total Assets 
21,485,500
23,040,300
24,438,400
22,966,800
24,693,600
23,026,100
26,145,700
31,779,000
36,514,000
36,514,00031,779,00026,145,70023,026,10024,693,60022,966,80024,438,40023,040,30021,485,500
   > Total Current Assets 
16,127,400
18,197,100
18,930,600
17,112,500
18,401,200
16,314,700
19,547,200
24,485,600
27,412,100
27,412,10024,485,60019,547,20016,314,70018,401,20017,112,50018,930,60018,197,10016,127,400
       Cash And Cash Equivalents 
944,600
2,302,700
1,055,100
1,138,000
850,000
223,100
223,800
176,800
12,174,600
12,174,600176,800223,800223,100850,0001,138,0001,055,1002,302,700944,600
       Short-term Investments 
0
5,078,300
7,865,200
5,271,700
6,971,800
555,800
109,000
500
292,100
292,100500109,000555,8006,971,8005,271,7007,865,2005,078,3000
       Net Receivables 
4,828,600
5,143,200
4,907,600
5,212,600
4,357,000
5,834,400
6,857,300
6,786,500
7,513,300
7,513,3006,786,5006,857,3005,834,4004,357,0005,212,6004,907,6005,143,2004,828,600
       Inventory 
3,350,400
4,166,400
4,028,800
4,610,000
4,517,800
4,834,000
7,306,000
7,266,000
6,838,800
6,838,8007,266,0007,306,0004,834,0004,517,8004,610,0004,028,8004,166,4003,350,400
       Other Current Assets 
163,500
238,900
32,500
31,900
27,200
31,000
40,000
44,200
593,300
593,30044,20040,00031,00027,20031,90032,500238,900163,500
   > Long-term Assets 
0
4,843,200
5,507,800
5,854,300
6,292,400
6,711,400
6,700,700
7,293,400
9,101,900
9,101,9007,293,4006,700,7006,711,4006,292,4005,854,3005,507,8004,843,2000
       Property Plant Equipment 
3,097,900
3,156,500
3,122,200
3,291,400
3,762,900
3,940,600
4,316,300
4,642,200
5,358,400
5,358,4004,642,2004,316,3003,940,6003,762,9003,291,4003,122,2003,156,5003,097,900
       Intangible Assets 
300
1,500
1,700
1,600
900
2,600
2,500
3,200
0
03,2002,5002,6009001,6001,7001,500300
       Long-term Assets Other 
0
0
0
0
0
130,400
110,700
998,000
887,800
887,800998,000110,700130,40000000
> Total Liabilities 
4,839,600
4,928,200
6,065,300
5,997,400
5,641,100
7,388,400
7,288,800
8,365,200
9,686,500
9,686,5008,365,2007,288,8007,388,4005,641,1005,997,4006,065,3004,928,2004,839,600
   > Total Current Liabilities 
4,564,900
4,635,000
5,784,400
5,673,700
5,165,000
6,931,100
6,807,600
7,961,100
9,279,600
9,279,6007,961,1006,807,6006,931,1005,165,0005,673,7005,784,4004,635,0004,564,900
       Short-term Debt 
650,000
340,300
850,000
900,000
0
0
0
0
0
00000900,000850,000340,300650,000
       Short Long Term Debt 
0
340,300
850,000
900,000
0
0
0
0
0
00000900,000850,000340,3000
       Accounts payable 
0
3,040,100
3,897,000
3,491,400
4,120,100
5,768,900
5,244,100
6,079,100
7,131,400
7,131,4006,079,1005,244,1005,768,9004,120,1003,491,4003,897,0003,040,1000
       Other Current Liabilities 
0
0
0
0
0
127,800
21,800
229,200
258,600
258,600229,20021,800127,80000000
   > Long-term Liabilities 
0
293,200
280,900
323,700
476,100
457,300
475,600
404,100
406,900
406,900404,100475,600457,300476,100323,700280,900293,2000
       Long term Debt Total 
0
0
0
0
133,000
102,100
104,900
81,400
0
081,400104,900102,100133,0000000
> Total Stockholder Equity
16,645,900
18,112,100
18,373,100
16,969,400
19,052,500
15,637,700
18,856,900
23,413,800
26,827,500
26,827,50023,413,80018,856,90015,637,70019,052,50016,969,40018,373,10018,112,10016,645,900
   Common Stock
527,300
527,300
513,400
494,400
494,400
494,400
494,400
494,400
0
0494,400494,400494,400494,400494,400513,400527,300527,300
   Retained Earnings 
15,413,500
16,879,700
17,859,700
16,475,000
18,558,100
15,143,300
18,362,500
22,919,400
0
022,919,40018,362,50015,143,30018,558,10016,475,00017,859,70016,879,70015,413,500
   Capital Surplus 
705,100
705,100
0
0
0
0
0
0
0
0000000705,100705,100
   Treasury Stock000000000
   Other Stockholders Equity 000000000



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, 2023-12-31)

Gross Profit (+$)
totalRevenue45,701,300
Cost of Revenue-27,782,900
Gross Profit17,918,40017,918,400
 
Operating Income (+$)
Gross Profit17,918,400
Operating Expense-39,271,400
Operating Income6,429,900-21,353,000
 
Operating Expense (+$)
Research Development0
Selling General Administrative0
Selling And Marketing Expenses0
Operating Expense39,271,4000
 
Net Interest Income (+$)
Interest Income0
Interest Expense-12,100
Other Finance Cost-0
Net Interest Income-12,100
 
Pretax Income (+$)
Operating Income6,429,900
Net Interest Income-12,100
Other Non-Operating Income Expenses0
Income Before Tax (EBT)7,357,9006,429,900
EBIT - interestExpense = -12,100
5,518,000
5,530,100
Interest Expense12,100
Earnings Before Interest and Taxes (EBIT)07,370,000
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax7,357,900
Tax Provision-1,840,200
Net Income From Continuing Ops5,518,0005,517,700
Net Income5,518,000
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net012,100
 

Technical Analysis of SKF India Limited
The psychology behind the price

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

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of SKF India Limited. The general trend of SKF India Limited is BULLISH with 57.1% 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 SKF India Limited's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

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

Indicator zone transitionsBullish trend (57.1%) Bearish trend (-57.1%)
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 SKF India Limited.

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

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

The bullish price targets are: 7,201.

The bearish price targets are: 5,421 > 5,417 > 5,311.

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SKF India Limited Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

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

Score

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

The long score for the Moving Averages is 11/14.
The longshort score for the Moving Averages is 8/(-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 below the MA 50. -1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

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

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

SKF India Limited Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

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

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

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of SKF India Limited. The current macd is -118.58154929.

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

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


Score

Let's take a look at the Directional Movement Index (DMI) of SKF India Limited. The current adx is 42.26.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -4/(-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 SKF India Limited shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bearish trend. The ADX is trending up, so the bearish trend is strengthening.
SKF India Limited Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

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

Score

Let's take a look at the Parabolic SAR of SKF India Limited. The current sar is 5,815.

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
SKF India Limited Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

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

Score

Let's take a look at the Relative Strength Index (RSI) of SKF India Limited. The current rsi is 31.88. 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
SKF India Limited Daily Relative Strength Index (RSI) ChartSKF India Limited Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

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

Score

Let's take a look at the Stochastic Oscillator of SKF India 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 SKF India Limited price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
SKF India Limited Daily Stochastic Oscillator ChartSKF India Limited Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

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

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

Score

Let's take a look at the Commodity Channel Index (CCI) of SKF India Limited. The current cci is -118.8848735.

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
SKF India Limited Daily Commodity Channel Index (CCI) ChartSKF India Limited Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

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

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

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of SKF India Limited. The current cmo is -57.93725988.

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
SKF India Limited Daily Chande Momentum Oscillator (CMO) ChartSKF India Limited Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

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

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

Score

Let's take a look at the Williams %R of SKF India Limited. The current willr is -60.7799548.

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 SKF India Limited is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
SKF India Limited Daily Williams %R ChartSKF India Limited Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

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

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

Score

Let's take a look at the Bollinger Bands of SKF India Limited.

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

Score

Let's take a look at the Average True Range (ATR) of SKF India Limited. The current atr is 237.43.

SKF India Limited Daily Average True Range (ATR) ChartSKF India Limited Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

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

Score

Let's take a look at the On-Balance Volume (OBV) of SKF India Limited. The current obv is 184,293.

SKF India Limited Daily On-Balance Volume (OBV) ChartSKF India Limited Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

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

Score

Let's take a look at the Money Flow Index (MFI) of SKF India Limited. The current mfi is 18.50.

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

  • MFI < 50: -1
  • MFI < 20: -1
SKF India Limited Daily Money Flow Index (MFI) ChartSKF India Limited Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for SKF India Limited.

6.2. Trading Signals

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

DateIndicatorSignal
2024-02-23SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-26MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-27MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-29DMI 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
CMO LONG ENTRY SHORT CLOSEZero line 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).
2024-03-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-05CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-06MACD 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.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-11BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-13STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-14RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-03-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-28STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-01MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
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).
2024-04-03STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-04STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-04-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-09STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-22STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-04-23MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-04-25STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-04-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-29SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-04-30STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-05-02SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-05-03STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-08MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-05-09MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line 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
2024-05-13WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-05-14RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-15STOCH 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).
2024-05-16ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-17ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-23STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-05-27STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-30SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-06-03STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-04MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-06-05STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-07SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-06-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-12STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-06-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-18STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-19RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-06-21STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-24RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-25MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-06-26MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-06-28SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-07-01STOCH SHORT EXITThe %K line crosses above the %D line.
2024-07-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-03CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-07-04CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-07-05WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-07-08CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-07-09CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-07-10DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-07-11BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-07-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-07-16STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-07-19BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-07-22MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-07-23STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

SKF India Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5031.880
Ma 20Greater thanMa 506,103.688
Ma 50Greater thanMa 1006,018.160
Ma 100Greater thanMa 2005,198.726
OpenGreater thanClose5,630.200
Total4/5 (80.0%)
Penke

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