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Elecon Engineering Company Limited
Buy, Hold or Sell?

Let's analyze Elecon together

I guess you are interested in Elecon Engineering Company 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 Elecon Engineering Company 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 Elecon (30 sec.)










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

How much money do you get?

How much money do you get?
INR0.07
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
INR114.00
Expected worth in 1 year
INR195.60
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
INR87.19
Return On Investment
13.9%

For what price can you sell your share?

Current Price per Share
INR629.25
Expected price per share
INR477.97 - INR707.48
How sure are you?
50%
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1. Valuation of Elecon (5 min.)




Live pricePrice per Share (EOD)

INR629.25

Intrinsic Value Per Share

INR185.55 - INR357.15

Total Value Per Share

INR299.56 - INR471.15

2. Growth of Elecon (5 min.)




Is Elecon growing?

Current yearPrevious yearGrowGrow %
How rich?$152.2m$124.9m$27.2m17.9%

How much money is Elecon making?

Current yearPrevious yearGrowGrow %
Making money$28.2m$16.7m$11.5m40.8%
Net Profit Margin15.5%11.6%--

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

3. Financial Health of Elecon (5 min.)




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




  Industry Rankings (Other)  


Richest
#181 / 386

Most Revenue
#173 / 386

Most Profit
#108 / 386
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What can you expect buying and holding a share of Elecon? (5 min.)

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

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

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

Speculation

The Price per Share of Elecon is INR629.25. 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 Elecon.
  • 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 Elecon, 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 INR114.00. Based on the TTM, the Book Value Change Per Share is INR20.40 per quarter. Based on the YOY, the Book Value Change Per Share is INR11.67 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is INR1.40 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Elecon.

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 Eps0.250.0%0.250.0%0.150.0%0.130.0%0.070.0%
Usd Book Value Change Per Share0.240.0%0.240.0%0.140.0%0.120.0%0.140.0%
Usd Dividend Per Share0.020.0%0.020.0%0.000.0%0.010.0%0.010.0%
Usd Total Gains Per Share0.260.0%0.260.0%0.140.0%0.130.0%0.150.0%
Usd Price Per Share4.54-4.54-1.71-1.60-1.14-
Price to Earnings Ratio18.04-18.04-11.49-10.87-31.46-
Price-to-Total Gains Ratio17.52-17.52-11.91-10.84-28.31-
Price to Book Ratio3.35-3.35-1.54-1.37-1.17-
Price-to-Total Gains Ratio17.52-17.52-11.91-10.84-28.31-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share7.488075
Number of shares133
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.020.01
Usd Book Value Change Per Share0.240.12
Usd Total Gains Per Share0.260.13
Gains per Quarter (133 shares)34.5016.82
Gains per Year (133 shares)138.0067.29
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1912912836457
2182582666129124
3273874049193191
43551754212257258
54464668015322325
65377581818386392
76290495621450459
8711033109423515526
9801162123226579593
10891291137029644660

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%9.01.00.090.0%9.01.00.090.0%
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 Elecon

About Elecon Engineering Company Limited

Elecon Engineering Company Limited manufactures and sells power transmission and material handling equipment in India and internationally. The company operates in two segments, Material Handling Equipment and Transmission Equipment. It offers helical and bevel helical, planetary, worm, high speed, wind mill, and marine gear boxes, as well as elevator traction machines/lift gears; customized gear boxes; vertical roller mill drives; and elign geared, elflex flexible, fluid, scoop controlled variable speed controlled fluid, and torsion shaft couplings. The company also provides material handling equipment, such as raw material handling systems, stackers, reclaimers, bagging and weighing machines, wagon and truck loaders, crushers, wagon tipplers, feeders, idlers and pulleys, magnates/weighers/detectors, and port equipment. In addition, it produces and installs wind turbines and wind farms; and engages in the steel and non-ferrous material foundry business. Further, the company offers gearbox repair and refurbish services; and material handling equipment support services. It serves cement, sugar, steel, power, plastic, material handling, chemical, palm oil, cane, elevator, rubber, marine, mining, and fertilizer industries, as well as ports. The company was founded in 1951 and is based in Vallabh Vidyanagar, India.

Fundamental data was last updated by Penke on 2024-07-15 02:08:05.

Financial Health

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

Valuation

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

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare¬†Elecon to the¬†Other industry mean.
  • A Net Profit Margin of 15.5%¬†means that¬†₹0.16 for each ₹1¬†in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Elecon Engineering Company Limited:

  • The MRQ is 15.5%. The company is making a huge profit. +2
  • The TTM is 15.5%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ15.5%TTM15.5%0.0%
TTM15.5%YOY11.6%+3.9%
TTM15.5%5Y9.3%+6.2%
5Y9.3%10Y5.3%+4.0%
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ15.5%5.6%+9.9%
TTM15.5%5.2%+10.3%
YOY11.6%5.8%+5.8%
5Y9.3%6.0%+3.3%
10Y5.3%6.1%-0.8%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy¬†but always compare¬†Elecon to the¬†Other industry mean.
  • 13.7% Return on Assets means that¬†Elecon generated¬†₹0.14 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Elecon Engineering Company Limited:

  • The MRQ is 13.7%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 13.7%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ13.7%TTM13.7%0.0%
TTM13.7%YOY8.2%+5.5%
TTM13.7%5Y6.4%+7.3%
5Y6.4%10Y3.6%+2.8%
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ13.7%1.1%+12.6%
TTM13.7%1.0%+12.7%
YOY8.2%1.4%+6.8%
5Y6.4%1.2%+5.2%
10Y3.6%1.4%+2.2%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare¬†Elecon to the¬†Other industry mean.
  • 18.6% Return on Equity means Elecon generated ₹0.19¬†for each¬†₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Elecon Engineering Company Limited:

  • The MRQ is 18.6%. Using its investors money, the company is efficient in making profit. +1
  • The TTM is 18.6%. Using its investors money, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ18.6%TTM18.6%0.0%
TTM18.6%YOY13.4%+5.2%
TTM18.6%5Y11.6%+7.0%
5Y11.6%10Y7.1%+4.4%
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ18.6%3.5%+15.1%
TTM18.6%3.3%+15.3%
YOY13.4%4.6%+8.8%
5Y11.6%3.7%+7.9%
10Y7.1%3.7%+3.4%
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1.2. Operating Efficiency of Elecon Engineering Company Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Elecon is operating .

  • Measures how much profit Elecon 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¬†Elecon to the¬†Other 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 Elecon Engineering Company Limited:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y5.8%-5.8%
5Y5.8%10Y7.2%-1.4%
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ-8.5%-8.5%
TTM-9.5%-9.5%
YOY-8.1%-8.1%
5Y5.8%5.2%+0.6%
10Y7.2%6.8%+0.4%
1.2.2. Operating Ratio

Measures how efficient Elecon is keeping operating costs low.

  • Below 1 is considered healthy (always compare to¬†Other industry mean).
  • An Operation Ratio of 0.55 means that the operating costs are ₹0.55 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of Elecon Engineering Company Limited:

  • The MRQ is 0.547. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.547. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.547TTM0.5470.000
TTM0.547YOY0.545+0.002
TTM0.5475Y0.923-0.377
5Y0.92310Y1.223-0.300
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5471.231-0.684
TTM0.5471.253-0.706
YOY0.5451.242-0.697
5Y0.9231.264-0.341
10Y1.2231.363-0.140
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1.3. Liquidity of Elecon Engineering Company Limited.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to¬†Other industry mean).
  • A Current Ratio of 2.52¬†means the company has ₹2.52 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of Elecon Engineering Company Limited:

  • The MRQ is 2.518. The company is able to pay all its short-term debts. +1
  • The TTM is 2.518. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ2.518TTM2.5180.000
TTM2.518YOY1.643+0.875
TTM2.5185Y1.593+0.925
5Y1.59310Y1.348+0.246
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ2.5181.422+1.096
TTM2.5181.508+1.010
YOY1.6431.553+0.090
5Y1.5931.542+0.051
10Y1.3481.499-0.151
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but¬†always compare¬†Elecon to the¬†Other industry mean.
  • A Quick Ratio of 2.05¬†means the company can pay off ₹2.05 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Elecon Engineering Company Limited:

  • The MRQ is 2.055. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 2.055. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ2.055TTM2.0550.000
TTM2.055YOY1.145+0.910
TTM2.0555Y1.229+0.826
5Y1.22910Y0.978+0.251
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ2.0550.564+1.491
TTM2.0550.576+1.479
YOY1.1450.578+0.567
5Y1.2290.604+0.625
10Y0.9780.603+0.375
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1.4. Solvency of Elecon Engineering Company Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare¬†Elecon to Other industry mean.
  • A Debt to Asset Ratio of 0.26¬†means that Elecon assets are¬†financed with 26.1% credit (debt) and the remaining percentage (100% - 26.1%)¬†is financed by its owners/shareholders.¬†

Let's take a look of the Debt to Asset Ratio trends of Elecon Engineering Company Limited:

  • The MRQ is 0.261. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.261. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.261TTM0.2610.000
TTM0.261YOY0.389-0.127
TTM0.2615Y0.487-0.226
5Y0.48710Y0.588-0.101
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2610.527-0.266
TTM0.2610.525-0.264
YOY0.3890.549-0.160
5Y0.4870.556-0.069
10Y0.5880.565+0.023
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but¬†always compare¬†Elecon to the¬†Other industry mean.
  • A Debt to Equity ratio of 35.4% means that company has ₹0.35 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Elecon Engineering Company Limited:

  • The MRQ is 0.354. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.354. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.354TTM0.3540.000
TTM0.354YOY0.636-0.282
TTM0.3545Y1.096-0.742
5Y1.09610Y1.703-0.607
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3541.113-0.759
TTM0.3541.095-0.741
YOY0.6361.190-0.554
5Y1.0961.300-0.204
10Y1.7031.451+0.252
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2. Market Valuation of Elecon Engineering Company 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 Elecon generates.

  • Above 15 is considered overpriced but¬†always compare¬†Elecon to the¬†Other industry mean.
  • A PE ratio of 18.04 means the investor is paying ₹18.04¬†for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Elecon Engineering Company Limited:

  • The EOD is 29.728. Based on the earnings, the company is overpriced. -1
  • The MRQ is 18.042. Based on the earnings, the company is fair priced.
  • The TTM is 18.042. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD29.728MRQ18.042+11.686
MRQ18.042TTM18.0420.000
TTM18.042YOY11.488+6.554
TTM18.0425Y10.874+7.168
5Y10.87410Y31.464-20.591
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
EOD29.72813.251+16.477
MRQ18.04211.870+6.172
TTM18.04211.033+7.009
YOY11.48811.330+0.158
5Y10.87411.874-1.000
10Y31.46412.710+18.754
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Elecon Engineering Company Limited:

  • The EOD is 26.849. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 16.295. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 16.295. Based on how much money comes from the company's main activities, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD26.849MRQ16.295+10.554
MRQ16.295TTM16.2950.000
TTM16.295YOY8.011+8.284
TTM16.2955Y9.007+7.288
5Y9.00710Y2.400+6.607
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
EOD26.8495.379+21.470
MRQ16.2955.065+11.230
TTM16.2954.265+12.030
YOY8.0111.958+6.053
5Y9.0072.492+6.515
10Y2.4003.557-1.157
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2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy¬†(always compare to Other industry mean).
  • A PB ratio of 3.35 means the investor is paying ₹3.35¬†for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of Elecon Engineering Company Limited:

  • The EOD is 5.520. Based on the equity, the company is overpriced. -1
  • The MRQ is 3.350. Based on the equity, the company is fair priced.
  • The TTM is 3.350. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD5.520MRQ3.350+2.170
MRQ3.350TTM3.3500.000
TTM3.350YOY1.537+1.813
TTM3.3505Y1.367+1.983
5Y1.36710Y1.173+0.193
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
EOD5.5201.641+3.879
MRQ3.3501.376+1.974
TTM3.3501.357+1.993
YOY1.5371.375+0.162
5Y1.3671.567-0.200
10Y1.1731.653-0.480
2. Total Gains per Share
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3. Summary

3.1. Key Performance Indicators

The key performance indicators of Elecon Engineering Company 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--20.39920.3990%11.675+75%10.165+101%11.400+79%
Book Value Per Share--114.003114.0030%93.604+22%86.824+31%72.483+57%
Current Ratio--2.5182.5180%1.643+53%1.593+58%1.348+87%
Debt To Asset Ratio--0.2610.2610%0.389-33%0.487-46%0.588-56%
Debt To Equity Ratio--0.3540.3540%0.636-44%1.096-68%1.703-79%
Dividend Per Share--1.4001.4000%0.407+244%0.464+202%0.818+71%
Eps--21.16721.1670%12.522+69%10.614+99%6.070+249%
Free Cash Flow Per Share--23.43723.4370%17.956+31%17.101+37%12.933+81%
Free Cash Flow To Equity Per Share--10.49610.4960%-4.323+141%1.076+876%0.369+2747%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--357.148--------
Intrinsic Value_10Y_min--185.555--------
Intrinsic Value_1Y_max--24.281--------
Intrinsic Value_1Y_min--17.656--------
Intrinsic Value_3Y_max--81.725--------
Intrinsic Value_3Y_min--54.177--------
Intrinsic Value_5Y_max--149.743--------
Intrinsic Value_5Y_min--91.651--------
Market Cap70601850000.000+39%42849180000.00042849180000.0000%16139970000.000+165%15066216000.000+184%10728564000.000+299%
Net Profit Margin--0.1550.1550%0.116+34%0.093+67%0.053+192%
Operating Margin----0%-0%0.058-100%0.072-100%
Operating Ratio--0.5470.5470%0.545+0%0.923-41%1.223-55%
Pb Ratio5.520+39%3.3503.3500%1.537+118%1.367+145%1.173+185%
Pe Ratio29.728+39%18.04218.0420%11.488+57%10.874+66%31.464-43%
Price Per Share629.250+39%381.900381.9000%143.850+165%134.280+184%95.620+299%
Price To Free Cash Flow Ratio26.849+39%16.29516.2950%8.011+103%9.007+81%2.400+579%
Price To Total Gains Ratio28.867+39%17.52017.5200%11.907+47%10.839+62%28.307-38%
Quick Ratio--2.0552.0550%1.145+79%1.229+67%0.978+110%
Return On Assets--0.1370.1370%0.082+68%0.064+113%0.036+278%
Return On Equity--0.1860.1860%0.134+39%0.116+60%0.071+160%
Total Gains Per Share--21.79921.7990%12.082+80%10.629+105%12.218+78%
Usd Book Value--152214030.500152214030.5000%124978298.200+22%115926320.440+31%96777813.860+57%
Usd Book Value Change Per Share--0.2430.2430%0.139+75%0.121+101%0.136+79%
Usd Book Value Per Share--1.3571.3570%1.114+22%1.033+31%0.863+57%
Usd Dividend Per Share--0.0170.0170%0.005+244%0.006+202%0.010+71%
Usd Eps--0.2520.2520%0.149+69%0.126+99%0.072+249%
Usd Free Cash Flow--31292454.20031292454.2000%23975120.400+31%22832870.340+37%17268162.590+81%
Usd Free Cash Flow Per Share--0.2790.2790%0.214+31%0.204+37%0.154+81%
Usd Free Cash Flow To Equity Per Share--0.1250.1250%-0.051+141%0.013+876%0.004+2747%
Usd Market Cap840162015.000+39%509905242.000509905242.0000%192065643.000+165%179287970.400+184%127669911.600+299%
Usd Price Per Share7.488+39%4.5454.5450%1.712+165%1.598+184%1.138+299%
Usd Profit--28261726.50028261726.5000%16718607.500+69%14171179.260+99%8105199.480+249%
Usd Revenue--182032169.900182032169.9000%144221550.200+26%145130686.400+25%149326440.760+22%
Usd Total Gains Per Share--0.2590.2590%0.144+80%0.126+105%0.145+78%
 EOD+4 -4MRQTTM+0 -0YOY+29 -55Y+30 -510Y+30 -5

3.2. Fundamental Score

Let's check the fundamental score of Elecon Engineering Company Limited based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1529.728
Price to Book Ratio (EOD)Between0-15.520
Net Profit Margin (MRQ)Greater than00.155
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than12.055
Current Ratio (MRQ)Greater than12.518
Debt to Asset Ratio (MRQ)Less than10.261
Debt to Equity Ratio (MRQ)Less than10.354
Return on Equity (MRQ)Greater than0.150.186
Return on Assets (MRQ)Greater than0.050.137
Total7/10 (70.0%)

3.3. Technical Score

Let's check the technical score of Elecon Engineering Company Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5046.920
Ma 20Greater thanMa 50654.663
Ma 50Greater thanMa 100609.890
Ma 100Greater thanMa 200553.889
OpenGreater thanClose633.850
Total4/5 (80.0%)



Latest Balance Sheet

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

Summary
Total Assets17,319,701
Total Liabilities4,528,606
Total Stockholder Equity12,791,095
 As reported
Total Liabilities 4,528,606
Total Stockholder Equity+ 12,791,095
Total Assets = 17,319,701

Assets

Total Assets17,319,701
Total Current Assets8,876,293
Long-term Assets0
Total Current Assets
Cash And Cash Equivalents 623,377
Short-term Investments 1,463,368
Net Receivables 3,492,336
Inventory 2,802,332
Other Current Assets 8,169
Total Current Assets  (as reported)8,876,293
Total Current Assets  (calculated)8,389,582
+/- 486,711
Long-term Assets
Property Plant Equipment 6,085,173
Goodwill 1,028,164
Intangible Assets 175,481
Long-term Assets  (as reported)0
Long-term Assets  (calculated)7,288,818
+/- 7,288,818

Liabilities & Shareholders' Equity

Total Current Liabilities3,524,978
Long-term Liabilities0
Total Stockholder Equity12,791,095
Total Current Liabilities
Total Current Liabilities  (as reported)3,524,978
Total Current Liabilities  (calculated)0
+/- 3,524,978
Long-term Liabilities
Long term Debt Total 403,921
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)403,921
+/- 403,921
Total Stockholder Equity
Common Stock224,400
Retained Earnings 12,119,474
Capital Surplus 287,814
Other Stockholders Equity 159,407
Total Stockholder Equity (as reported)12,791,095
Total Stockholder Equity (calculated)12,791,095
+/-0
Other
Cash And Equivalents200,100
Cash and Short Term Investments 2,286,845
Common Stock Shares Outstanding 112,200
Liabilities and Stockholders Equity 17,319,701
Net Working Capital 5,351,315



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 
20,607,434
19,676,027
22,061,015
20,943,513
21,647,328
21,694,936
21,349,831
19,927,361
17,184,521
17,319,701
17,319,70117,184,52119,927,36121,349,83121,694,93621,647,32820,943,51322,061,01519,676,02720,607,434
   > Total Current Assets 
13,663,958
13,603,887
12,133,205
11,245,808
12,274,529
12,623,241
12,357,781
11,336,295
8,865,281
8,876,293
8,876,2938,865,28111,336,29512,357,78112,623,24112,274,52911,245,80812,133,20513,603,88713,663,958
       Cash And Cash Equivalents 
222,885
315,052
31,075
7,120
467,970
560,425
302,018
961,449
764,120
623,377
623,377764,120961,449302,018560,425467,9707,12031,075315,052222,885
       Short-term Investments 
96,075
92,715
359,750
176,388
103,455
149,882
1,798,645
446,468
271,571
1,463,368
1,463,368271,571446,4681,798,645149,882103,455176,388359,75092,71596,075
       Net Receivables 
8,625,985
8,649,172
7,056,608
6,341,924
7,731,084
7,891,060
6,120,721
6,991,008
4,789,969
3,492,336
3,492,3364,789,9696,991,0086,120,7217,891,0607,731,0846,341,9247,056,6088,649,1728,625,985
       Inventory 
3,579,167
3,462,926
3,787,171
3,518,534
3,351,544
3,640,925
3,289,956
2,625,015
2,663,700
2,802,332
2,802,3322,663,7002,625,0153,289,9563,640,9253,351,5443,518,5343,787,1713,462,9263,579,167
       Other Current Assets 
1,078,822
995,707
224,921
48,003
413,738
93,598
88,465
110,636
99,754
8,169
8,16999,754110,63688,46593,598413,73848,003224,921995,7071,078,822
   > Long-term Assets 
0
0
0
9,653,225
9,372,799
9,071,695
8,992,050
0
0
0
0008,992,0509,071,6959,372,7999,653,225000
       Property Plant Equipment 
4,780,274
4,128,629
7,925,358
7,563,141
7,112,544
6,829,202
6,553,322
6,076,550
5,933,755
6,085,173
6,085,1735,933,7556,076,5506,553,3226,829,2027,112,5447,563,1417,925,3584,128,6294,780,274
       Goodwill 
867,760
835,514
835,130
835,130
980,741
961,855
989,003
1,071,215
1,056,615
1,028,164
1,028,1641,056,6151,071,215989,003961,855980,741835,130835,130835,514867,760
       Long Term Investments 
40,353
53,497
484,551
606,960
0
0
0
0
0
0
000000606,960484,55153,49740,353
       Intangible Assets 
377,786
304,779
296,495
197,064
229,625
224,781
195,241
179,764
153,131
175,481
175,481153,131179,764195,241224,781229,625197,064296,495304,779377,786
       Long-term Assets Other 
0
0
0
132,105
2
-3
0
0
0
0
0000-32132,105000
> Total Liabilities 
14,936,163
13,959,993
15,018,180
13,845,016
14,558,609
14,014,292
12,807,893
10,734,878
6,682,143
4,528,606
4,528,6066,682,14310,734,87812,807,89314,014,29214,558,60913,845,01615,018,18013,959,99314,936,163
   > Total Current Liabilities 
11,703,771
10,804,661
12,075,179
11,194,948
11,403,841
10,201,646
10,151,532
8,388,677
5,395,161
3,524,978
3,524,9785,395,1618,388,67710,151,53210,201,64611,403,84111,194,94812,075,17910,804,66111,703,771
       Short-term Debt 
6,333,781
5,516,942
3,954,800
3,636,889
3,574,032
2,814,324
2,551,408
1,301,662
803,546
0
0803,5461,301,6622,551,4082,814,3243,574,0323,636,8893,954,8005,516,9426,333,781
       Short Long Term Debt 
6,333,781
5,516,942
6,287,332
5,834,383
4,035,136
3,043,032
2,736,114
0
0
0
0002,736,1143,043,0324,035,1365,834,3836,287,3325,516,9426,333,781
       Accounts payable 
4,939,985
5,152,713
5,454,674
4,828,325
4,450,755
4,010,165
5,192,591
0
0
0
0005,192,5914,010,1654,450,7554,828,3255,454,6745,152,7134,939,985
       Other Current Liabilities 
1,682,654
1,678,106
2,090,329
1,901,957
2,888,380
3,111,660
2,006,701
0
0
0
0002,006,7013,111,6602,888,3801,901,9572,090,3291,678,1061,682,654
   > Long-term Liabilities 
0
0
0
2,650,068
3,154,768
3,812,646
2,656,361
0
0
0
0002,656,3613,812,6463,154,7682,650,068000
       Long term Debt Total 
0
0
1,788,915
1,394,476
1,869,712
2,438,565
1,949,777
1,334,759
477,826
403,921
403,921477,8261,334,7591,949,7772,438,5651,869,7121,394,4761,788,91500
       Capital Lease Obligations 
0
0
0
0
0
0
634,013
0
0
0
000634,013000000
       Long-term Liabilities Other 
0
0
0
5,780
5,629
2,624
558
0
0
0
0005582,6245,6295,780000
> Total Stockholder Equity
5,320,937
5,355,681
7,042,835
7,098,497
7,088,719
7,680,644
8,541,938
9,192,483
10,502,378
12,791,095
12,791,09510,502,3789,192,4838,541,9387,680,6447,088,7197,098,4977,042,8355,355,6815,320,937
   Common Stock
217,872
217,872
217,872
224,400
224,400
224,400
224,400
224,400
224,400
224,400
224,400224,400224,400224,400224,400224,400224,400217,872217,872217,872
   Retained Earnings 
4,893,958
4,911,475
6,518,508
6,467,516
6,438,831
7,065,807
7,945,024
8,553,799
9,894,086
12,119,474
12,119,4749,894,0868,553,7997,945,0247,065,8076,438,8316,467,5166,518,5084,911,4754,893,958
   Accumulated Other Comprehensive Income 0000000000
   Capital Surplus 
0
0
287,814
287,814
287,814
287,814
287,814
287,814
287,814
287,814
287,814287,814287,814287,814287,814287,814287,814287,81400
   Treasury Stock0000000000



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 (+$)
totalRevenue15,296,821
Cost of Revenue-8,366,247
Gross Profit6,930,5746,930,574
 
Operating Income (+$)
Gross Profit6,930,574
Operating Expense-0
Operating Income2,950,3586,930,574
 
Operating Expense (+$)
Research Development0
Selling General Administrative3,389,181
Selling And Marketing Expenses0
Operating Expense03,389,181
 
Net Interest Income (+$)
Interest Income60,081
Interest Expense-1,172
Other Finance Cost-58,909
Net Interest Income0
 
Pretax Income (+$)
Operating Income2,950,358
Net Interest Income0
Other Non-Operating Income Expenses0
Income Before Tax (EBT)2,998,2792,950,358
EBIT - interestExpense = -1,172
2,374,935
2,376,107
Interest Expense1,172
Earnings Before Interest and Taxes (EBIT)02,999,451
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax2,998,279
Tax Provision-623,344
Net Income From Continuing Ops02,374,935
Net Income2,374,935
Net Income Applicable To Common Shares2,374,935
 
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 Elecon
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 Elecon. The general trend of Elecon is BULLISH with 71.4% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Elecon's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

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

Indicator zone transitionsBullish trend (71.4%) Bearish trend (-71.4%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

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

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


Score

Let's take a look at the Support & Resistance of Elecon Engineering Company Limited.

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

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

The bullish price targets are: 707.48.

The bearish price targets are: 621.53 > 593.70 > 477.97.

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Elecon Engineering Company 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 Elecon Engineering Company Limited. The current mas is .

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

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

Directionalities and relatives.

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

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

Elecon Engineering Company 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 Elecon Engineering Company Limited. The current macd is 5.3299752.

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 Elecon price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Elecon. 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 Elecon 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
Elecon Engineering Company Limited Daily Moving Average Convergence/Divergence (MACD) ChartElecon Engineering Company 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 Elecon Engineering Company Limited. The current adx is 21.44.

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

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Elecon shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bearish trend could be forming. -1
Elecon Engineering Company 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 Elecon Engineering Company Limited. The current sar is 559.67.

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

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Elecon Engineering Company 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 Elecon Engineering Company Limited. The current rsi is 46.92. 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
Elecon Engineering Company Limited Daily Relative Strength Index (RSI) ChartElecon Engineering Company 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 Elecon Engineering Company Limited. The current phase is Correction in bull market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -4/(-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 below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Elecon price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Elecon Engineering Company Limited Daily Stochastic Oscillator ChartElecon Engineering Company 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 Elecon Engineering Company Limited. The current cci is -172.12343077.

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
Elecon Engineering Company Limited Daily Commodity Channel Index (CCI) ChartElecon Engineering Company 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 Elecon Engineering Company Limited. The current cmo is -19.31719417.

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
Elecon Engineering Company Limited Daily Chande Momentum Oscillator (CMO) ChartElecon Engineering Company 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 Elecon Engineering Company Limited. The current willr is -54.10094637.

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 Elecon is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Elecon Engineering Company Limited Daily Williams %R ChartElecon Engineering Company 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 Elecon Engineering Company Limited.

Elecon Engineering Company 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 Elecon Engineering Company Limited. The current atr is 37.39.

Elecon Engineering Company Limited Daily Average True Range (ATR) ChartElecon Engineering Company 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 Elecon Engineering Company Limited. The current obv is 7,230,267.

Elecon Engineering Company Limited Daily On-Balance Volume (OBV) ChartElecon Engineering Company 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 Elecon Engineering Company Limited. The current mfi is 38.96.

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

  • MFI < 50: -1
Elecon Engineering Company Limited Daily Money Flow Index (MFI) ChartElecon Engineering Company Limited Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Elecon Engineering Company 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
2024-02-23DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-26DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-27CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-29STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-01CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-06CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-07STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-12WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-13ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-14RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-18STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-20STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-21ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-22CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-26MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-27DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-04-01ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-04STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-04-05CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-09STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-04-12ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-04-15DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-04-16STOCH 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).
2024-04-18DMI 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
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-19STOCH LONG EXITThe %K line crosses below the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-04-23RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-04-24STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-25MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-04-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-29STOCH 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).
2024-04-30STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-05-03ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-05-06MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-05-07DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-05-09WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-05-10STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-05-14CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-16DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-17MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-05-23STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-24STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-28STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-29MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-06-03STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-04DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-06-05CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-06-06STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-07CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-10DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-11MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-06-12ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-13RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-20STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-21MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-06-24STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-25STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-27STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-03MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-07-05STOCH 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).
2024-07-08RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-07-10DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-07-11ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-07-15CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-07-18CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-07-19ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-07-22STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside

6.3. Candlestick Patterns

Elecon Engineering Company Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Elecon Engineering Company Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5046.920
Ma 20Greater thanMa 50654.663
Ma 50Greater thanMa 100609.890
Ma 100Greater thanMa 200553.889
OpenGreater thanClose633.850
Total4/5 (80.0%)
Penke

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