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ELGI Equipments Limited
Buy, Hold or Sell?

Let's analyze Elgi together

I guess you are interested in ELGI Equipments 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 ELGI Equipments 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 Elgi (30 sec.)










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

How much money do you get?

How much money do you get?
INR0.05
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
INR43.27
Expected worth in 1 year
INR86.01
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
INR47.33
Return On Investment
6.8%

For what price can you sell your share?

Current Price per Share
INR691.80
Expected price per share
INR561.00 - INR799.00
How sure are you?
50%
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1. Valuation of Elgi (5 min.)




Live pricePrice per Share (EOD)

INR691.80

Intrinsic Value Per Share

INR38.76 - INR79.64

Total Value Per Share

INR82.02 - INR122.90

2. Growth of Elgi (5 min.)




Is Elgi growing?

Current yearPrevious yearGrowGrow %
How rich?$163.1m$122.8m$40.2m24.7%

How much money is Elgi making?

Current yearPrevious yearGrowGrow %
Making money$44.1m$21.2m$22.8m51.9%
Net Profit Margin12.2%7.1%--

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

3. Financial Health of Elgi (5 min.)




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




  Industry Rankings (Diversified Machinery)  

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

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

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

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

Speculation

The Price per Share of Elgi is INR691.80. 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 Elgi.
  • 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 Elgi, 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 INR43.27. Based on the TTM, the Book Value Change Per Share is INR10.69 per quarter. Based on the YOY, the Book Value Change Per Share is INR5.13 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 INR1.15 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Elgi.

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 Eps0.140.0%0.140.0%0.070.0%0.060.0%0.040.0%
Usd Book Value Change Per Share0.130.0%0.130.0%0.060.0%0.050.0%0.050.0%
Usd Dividend Per Share0.010.0%0.010.0%0.010.0%0.010.0%0.010.0%
Usd Total Gains Per Share0.140.0%0.140.0%0.070.0%0.060.0%0.060.0%
Usd Price Per Share5.23-5.23-3.33-3.01-2.52-
Price to Earnings Ratio37.57-37.57-49.65-60.90-73.08-
Price-to-Total Gains Ratio37.15-37.15-47.14-60.07-63.37-
Price to Book Ratio10.16-10.16-8.58-8.07-8.73-
Price-to-Total Gains Ratio37.15-37.15-47.14-60.07-63.37-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share8.23242
Number of shares121
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.010.01
Usd Book Value Change Per Share0.130.05
Usd Total Gains Per Share0.140.06
Gains per Quarter (121 shares)17.047.36
Gains per Year (121 shares)68.1529.42
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
17625852519
21312312695048
320185194147477
4262462621899106
53330833023124135
64036939828149164
74643146632174193
85349253437198222
95955460242223251
106661567046248280

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%4.01.00.080.0%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 Elgi

About ELGI Equipments Limited

ELGI Equipments Limited manufactures and sells air compressors and related parts in India and internationally. It operates in two segments, Air Compressors and Automotive Equipments. The company offers oil lubricated screw compressors, oil free piston air compressors, oil free screw compressors, oil lubricated piston compressors, diesel portable air compressors, electric portable compressors, railway air compressors, heat recovery systems, and medical air compressors and vacuum pumps, as well as accessories. In addition, it is involved in the trading of air compressors, hammers, rampi cars, nitrogen systems, and altitude training systems; manufacture and trading of automotive garage equipment; marketing and sale of vacuum pumps for medical applications; provision of design services; and rental of properties. ELGI Equipments Limited was founded in 1960 and is based in Coimbatore, India.

Fundamental data was last updated by Penke on 2024-07-15 02:53:03.

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 very 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 expensive.
Based on the earnings, the company is overpriced.
Based on how much money comes from the company's main activities, the company is expensive.
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1.1. Profitability of ELGI Equipments Limited.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare¬†Elgi to the¬†Diversified Machinery industry mean.
  • A Net Profit Margin of 12.2%¬†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 ELGI Equipments Limited:

  • The MRQ is 12.2%. The company is making a huge profit. +2
  • The TTM is 12.2%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ12.2%TTM12.2%0.0%
TTM12.2%YOY7.1%+5.1%
TTM12.2%5Y6.5%+5.7%
5Y6.5%10Y5.4%+1.1%
Compared to industry (Diversified Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ12.2%9.6%+2.6%
TTM12.2%9.6%+2.6%
YOY7.1%4.4%+2.7%
5Y6.5%4.8%+1.7%
10Y5.4%4.8%+0.6%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy¬†but always compare¬†Elgi to the¬†Diversified Machinery industry mean.
  • 14.8% Return on Assets means that¬†Elgi generated¬†₹0.15 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of ELGI Equipments Limited:

  • The MRQ is 14.8%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 14.8%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ14.8%TTM14.8%0.0%
TTM14.8%YOY9.1%+5.7%
TTM14.8%5Y8.0%+6.8%
5Y8.0%10Y6.7%+1.3%
Compared to industry (Diversified Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ14.8%5.1%+9.7%
TTM14.8%5.1%+9.7%
YOY9.1%3.1%+6.0%
5Y8.0%3.6%+4.4%
10Y6.7%3.7%+3.0%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare¬†Elgi to the¬†Diversified Machinery industry mean.
  • 27.0% Return on Equity means Elgi generated ₹0.27¬†for each¬†₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of ELGI Equipments Limited:

  • The MRQ is 27.0%. Using its investors money, the company is very efficient in making profit. +2
  • The TTM is 27.0%. Using its investors money, the company is very efficient in making profit. +2
Trends
Current periodCompared to+/- 
MRQ27.0%TTM27.0%0.0%
TTM27.0%YOY17.3%+9.8%
TTM27.0%5Y15.0%+12.0%
5Y15.0%10Y13.0%+2.0%
Compared to industry (Diversified Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ27.0%13.8%+13.2%
TTM27.0%13.8%+13.2%
YOY17.3%9.7%+7.6%
5Y15.0%11.2%+3.8%
10Y13.0%11.6%+1.4%
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1.2. Operating Efficiency of ELGI Equipments Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Elgi is operating .

  • Measures how much profit Elgi 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¬†Elgi to the¬†Diversified Machinery 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 ELGI Equipments Limited:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y3.8%-3.8%
5Y3.8%10Y5.4%-1.6%
Compared to industry (Diversified Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ-5.5%-5.5%
TTM-5.5%-5.5%
YOY-8.9%-8.9%
5Y3.8%3.9%-0.1%
10Y5.4%5.8%-0.4%
1.2.2. Operating Ratio

Measures how efficient Elgi is keeping operating costs low.

  • Below 1 is considered healthy (always compare to¬†Diversified Machinery industry mean).
  • An Operation Ratio of 0.52 means that the operating costs are ₹0.52 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of ELGI Equipments Limited:

  • The MRQ is 0.517. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.517. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.517TTM0.5170.000
TTM0.517YOY0.551-0.034
TTM0.5175Y0.922-0.405
5Y0.92210Y1.214-0.292
Compared to industry (Diversified Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5170.632-0.115
TTM0.5170.632-0.115
YOY0.5510.664-0.113
5Y0.9221.009-0.087
10Y1.2141.256-0.042
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1.3. Liquidity of ELGI Equipments Limited.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to¬†Diversified Machinery industry mean).
  • A Current Ratio of 1.79¬†means the company has ₹1.79 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of ELGI Equipments Limited:

  • The MRQ is 1.786. The company is able to pay all its short-term debts. +1
  • The TTM is 1.786. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.786TTM1.7860.000
TTM1.786YOY1.654+0.132
TTM1.7865Y1.592+0.194
5Y1.59210Y1.546+0.046
Compared to industry (Diversified Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ1.7861.488+0.298
TTM1.7861.488+0.298
YOY1.6541.353+0.301
5Y1.5921.395+0.197
10Y1.5461.478+0.068
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but¬†always compare¬†Elgi to the¬†Diversified Machinery industry mean.
  • A Quick Ratio of 1.53¬†means the company can pay off ₹1.53 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of ELGI Equipments Limited:

  • The MRQ is 1.529. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 1.529. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ1.529TTM1.5290.000
TTM1.529YOY1.068+0.461
TTM1.5295Y1.128+0.401
5Y1.12810Y0.948+0.180
Compared to industry (Diversified Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5291.126+0.403
TTM1.5291.126+0.403
YOY1.0680.857+0.211
5Y1.1281.066+0.062
10Y0.9481.022-0.074
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1.4. Solvency of ELGI Equipments Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare¬†Elgi to Diversified Machinery industry mean.
  • A Debt to Asset Ratio of 0.45¬†means that Elgi assets are¬†financed with 45.2% credit (debt) and the remaining percentage (100% - 45.2%)¬†is financed by its owners/shareholders.¬†

Let's take a look of the Debt to Asset Ratio trends of ELGI Equipments Limited:

  • The MRQ is 0.452. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.452. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.452TTM0.4520.000
TTM0.452YOY0.475-0.023
TTM0.4525Y0.477-0.025
5Y0.47710Y0.499-0.022
Compared to industry (Diversified Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4520.668-0.216
TTM0.4520.668-0.216
YOY0.4750.678-0.203
5Y0.4770.630-0.153
10Y0.4990.549-0.050
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but¬†always compare¬†Elgi to the¬†Diversified Machinery industry mean.
  • A Debt to Equity ratio of 82.4% means that company has ₹0.82 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of ELGI Equipments Limited:

  • The MRQ is 0.824. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.824. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.824TTM0.8240.000
TTM0.824YOY0.903-0.079
TTM0.8245Y0.916-0.091
5Y0.91610Y1.020-0.104
Compared to industry (Diversified Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8241.650-0.826
TTM0.8241.650-0.826
YOY0.9031.020-0.117
5Y0.9161.023-0.107
10Y1.0201.0200.000
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2. Market Valuation of ELGI Equipments 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 Elgi generates.

  • Above 15 is considered overpriced but¬†always compare¬†Elgi to the¬†Diversified Machinery industry mean.
  • A PE ratio of 37.57 means the investor is paying ₹37.57¬†for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of ELGI Equipments Limited:

  • The EOD is 59.124. Based on the earnings, the company is expensive. -2
  • The MRQ is 37.570. Based on the earnings, the company is overpriced. -1
  • The TTM is 37.570. Based on the earnings, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD59.124MRQ37.570+21.554
MRQ37.570TTM37.5700.000
TTM37.570YOY49.651-12.081
TTM37.5705Y60.901-23.331
5Y60.90110Y73.079-12.178
Compared to industry (Diversified Machinery)
PeriodCompanyIndustry (mean)+/- 
EOD59.12437.855+21.269
MRQ37.57018.686+18.884
TTM37.57018.686+18.884
YOY49.65123.546+26.105
5Y60.90121.801+39.100
10Y73.07916.448+56.631
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is 226.226. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is 143.754. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is 143.754. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD226.226MRQ143.754+82.472
MRQ143.754TTM143.7540.000
TTM143.754YOY316.106-172.352
TTM143.7545Y26.887+116.866
5Y26.88710Y79.567-52.679
Compared to industry (Diversified Machinery)
PeriodCompanyIndustry (mean)+/- 
EOD226.22647.419+178.807
MRQ143.75435.119+108.635
TTM143.75435.119+108.635
YOY316.10613.906+302.200
5Y26.8870.171+26.716
10Y79.56721.917+57.650
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2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy¬†(always compare to Diversified Machinery industry mean).
  • A PB ratio of 10.16 means the investor is paying ₹10.16¬†for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of ELGI Equipments Limited:

  • The EOD is 15.989. Based on the equity, the company is expensive. -2
  • The MRQ is 10.160. Based on the equity, the company is expensive. -2
  • The TTM is 10.160. Based on the equity, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD15.989MRQ10.160+5.829
MRQ10.160TTM10.1600.000
TTM10.160YOY8.580+1.580
TTM10.1605Y8.066+2.094
5Y8.06610Y8.732-0.666
Compared to industry (Diversified Machinery)
PeriodCompanyIndustry (mean)+/- 
EOD15.9897.862+8.127
MRQ10.1601.934+8.226
TTM10.1601.934+8.226
YOY8.5801.225+7.355
5Y8.0661.187+6.879
10Y8.7321.277+7.455
2. Total Gains per Share
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3. Summary

3.1. Key Performance Indicators

The key performance indicators of ELGI Equipments 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--10.68610.6860%5.132+108%4.305+148%4.327+147%
Book Value Per Share--43.26743.2670%32.581+33%30.378+42%24.023+80%
Current Ratio--1.7861.7860%1.654+8%1.592+12%1.546+16%
Debt To Asset Ratio--0.4520.4520%0.475-5%0.477-5%0.499-9%
Debt To Equity Ratio--0.8240.8240%0.903-9%0.916-10%1.020-19%
Dividend Per Share--1.1471.1470%0.799+44%0.803+43%0.664+73%
Eps--11.70111.7010%5.630+108%5.032+133%3.507+234%
Free Cash Flow Per Share--3.0583.0580%0.884+246%2.795+9%2.045+50%
Free Cash Flow To Equity Per Share--4.9464.9460%-1.678+134%2.553+94%1.236+300%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--79.637--------
Intrinsic Value_10Y_min--38.757--------
Intrinsic Value_1Y_max--4.485--------
Intrinsic Value_1Y_min--3.101--------
Intrinsic Value_3Y_max--16.139--------
Intrinsic Value_3Y_min--10.050--------
Intrinsic Value_5Y_max--31.004--------
Intrinsic Value_5Y_min--17.750--------
Market Cap219158786534.400+36%139313205192.000139313205192.0000%88591916541.000+57%80221743746.600+74%67059236101.620+108%
Net Profit Margin--0.1220.1220%0.071+73%0.065+88%0.054+126%
Operating Margin----0%-0%0.038-100%0.054-100%
Operating Ratio--0.5170.5170%0.551-6%0.922-44%1.214-57%
Pb Ratio15.989+36%10.16010.1600%8.580+18%8.066+26%8.732+16%
Pe Ratio59.124+36%37.57037.5700%49.651-24%60.901-38%73.079-49%
Price Per Share691.800+36%439.600439.6000%279.550+57%253.140+74%211.620+108%
Price To Free Cash Flow Ratio226.226+36%143.754143.7540%316.106-55%26.887+435%79.567+81%
Price To Total Gains Ratio58.463+36%37.15037.1500%47.136-21%60.074-38%63.374-41%
Quick Ratio--1.5291.5290%1.068+43%1.128+36%0.948+61%
Return On Assets--0.1480.1480%0.091+63%0.080+86%0.067+123%
Return On Equity--0.2700.2700%0.173+56%0.150+80%0.130+108%
Total Gains Per Share--11.83311.8330%5.931+100%5.108+132%4.991+137%
Usd Book Value--163167445.000163167445.0000%122869047.000+33%114560276.600+42%90589356.900+80%
Usd Book Value Change Per Share--0.1270.1270%0.061+108%0.051+148%0.051+147%
Usd Book Value Per Share--0.5150.5150%0.388+33%0.361+42%0.286+80%
Usd Dividend Per Share--0.0140.0140%0.010+44%0.010+43%0.008+73%
Usd Eps--0.1390.1390%0.067+108%0.060+133%0.042+234%
Usd Free Cash Flow--11532409.00011532409.0000%3335094.000+246%10540496.400+9%7711092.900+50%
Usd Free Cash Flow Per Share--0.0360.0360%0.011+246%0.033+9%0.024+50%
Usd Free Cash Flow To Equity Per Share--0.0590.0590%-0.020+134%0.030+94%0.015+300%
Usd Market Cap2607989559.759+36%1657827141.7851657827141.7850%1054243806.838+57%954638750.585+74%798004909.609+108%
Usd Price Per Share8.232+36%5.2315.2310%3.327+57%3.012+74%2.518+108%
Usd Profit--44126271.00044126271.0000%21232932.000+108%18977025.200+133%13223387.100+234%
Usd Revenue--361843062.000361843062.0000%300440014.000+20%266139097.000+36%218642186.700+65%
Usd Total Gains Per Share--0.1410.1410%0.071+100%0.061+132%0.059+137%
 EOD+4 -4MRQTTM+0 -0YOY+31 -35Y+30 -510Y+30 -5

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1559.124
Price to Book Ratio (EOD)Between0-115.989
Net Profit Margin (MRQ)Greater than00.122
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than11.529
Current Ratio (MRQ)Greater than11.786
Debt to Asset Ratio (MRQ)Less than10.452
Debt to Equity Ratio (MRQ)Less than10.824
Return on Equity (MRQ)Greater than0.150.270
Return on Assets (MRQ)Greater than0.050.148
Total7/10 (70.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5049.506
Ma 20Greater thanMa 50710.170
Ma 50Greater thanMa 100670.656
Ma 100Greater thanMa 200652.298
OpenGreater thanClose678.000
Total3/5 (60.0%)



Latest Balance Sheet

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

Summary
Total Assets25,015,600
Total Liabilities11,304,050
Total Stockholder Equity13,711,550
 As reported
Total Liabilities 11,304,050
Total Stockholder Equity+ 13,711,550
Total Assets = 25,015,600

Assets

Total Assets25,015,600
Total Current Assets18,237,360
Long-term Assets0
Total Current Assets
Cash And Cash Equivalents 881,800
Short-term Investments 4,429,660
Net Receivables 5,507,070
Inventory 6,149,260
Other Current Assets 525,490
Total Current Assets  (as reported)18,237,360
Total Current Assets  (calculated)17,493,280
+/- 744,080
Long-term Assets
Property Plant Equipment 3,484,860
Goodwill 2,032,600
Intangible Assets 337,680
Long-term Assets  (as reported)0
Long-term Assets  (calculated)5,855,140
+/- 5,855,140

Liabilities & Shareholders' Equity

Total Current Liabilities10,211,070
Long-term Liabilities0
Total Stockholder Equity13,711,550
Total Current Liabilities
Short-term Debt 4,654,680
Total Current Liabilities  (as reported)10,211,070
Total Current Liabilities  (calculated)4,654,680
+/- 5,556,390
Long-term Liabilities
Long term Debt Total 695,900
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)695,900
+/- 695,900
Total Stockholder Equity
Common Stock316,910
Retained Earnings 13,241,580
Capital Surplus 250,920
Total Stockholder Equity (as reported)13,711,550
Total Stockholder Equity (calculated)13,809,410
+/- 97,860
Other
Cash And Equivalents365,530
Cash and Short Term Investments 5,676,990
Common Stock Shares Outstanding 316,909
Liabilities and Stockholders Equity 25,015,600
Net Working Capital 8,026,290



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 
11,758,490
11,668,200
11,208,130
11,162,610
12,588,960
13,854,660
15,550,660
17,667,100
19,649,160
25,015,600
25,015,60019,649,16017,667,10015,550,66013,854,66012,588,96011,162,61011,208,13011,668,20011,758,490
   > Total Current Assets 
6,484,070
6,706,150
6,198,230
6,354,460
7,760,230
8,243,530
8,968,370
11,332,950
13,335,090
18,237,360
18,237,36013,335,09011,332,9508,968,3708,243,5307,760,2306,354,4606,198,2306,706,1506,484,070
       Cash And Cash Equivalents 
687,530
783,190
589,920
816,350
157,050
157,350
165,920
559,490
661,340
881,800
881,800661,340559,490165,920157,350157,050816,350589,920783,190687,530
       Short-term Investments 
0
0
380
8,730
454,130
441,620
777,700
1,529,840
1,363,490
4,429,660
4,429,6601,363,4901,529,840777,700441,620454,1308,73038000
       Net Receivables 
2,572,730
2,676,390
2,546,940
2,439,160
3,445,240
3,684,950
3,486,830
3,997,320
4,718,820
5,507,070
5,507,0704,718,8203,997,3203,486,8303,684,9503,445,2402,439,1602,546,9402,676,3902,572,730
       Inventory 
2,527,390
2,662,580
2,349,150
2,388,600
2,828,590
2,874,610
3,590,300
3,565,310
4,943,520
6,149,260
6,149,2604,943,5203,565,3103,590,3002,874,6102,828,5902,388,6002,349,1502,662,5802,527,390
       Other Current Assets 
569,400
494,970
240,580
285,510
116,400
118,070
117,990
663,240
857,910
525,490
525,490857,910663,240117,990118,070116,400285,510240,580494,970569,400
   > Long-term Assets 
0
0
0
4,850,920
4,883,730
5,611,130
6,582,290
0
0
0
0006,582,2905,611,1304,883,7304,850,920000
       Property Plant Equipment 
3,244,020
3,438,750
3,405,820
3,204,900
2,942,870
3,040,110
3,484,770
3,243,120
3,122,400
3,484,860
3,484,8603,122,4003,243,1203,484,7703,040,1102,942,8703,204,9003,405,8203,438,7503,244,020
       Goodwill 
1,492,110
1,194,910
1,212,480
1,171,620
1,250,580
1,528,840
1,855,260
1,879,120
1,914,660
2,032,600
2,032,6001,914,6601,879,1201,855,2601,528,8401,250,5801,171,6201,212,4801,194,9101,492,110
       Long Term Investments 
148,090
148,000
106,040
152,760
0
0
0
0
0
0
000000152,760106,040148,000148,090
       Intangible Assets 
36,160
9,070
21,210
24,780
62,620
363,530
532,080
470,980
402,020
337,680
337,680402,020470,980532,080363,53062,62024,78021,2109,07036,160
       Long-term Assets Other 
0
0
0
20,460
0
60
0
0
0
0
000060020,460000
> Total Liabilities 
7,122,380
6,733,970
5,746,000
5,093,620
5,699,480
6,145,560
7,860,730
8,968,240
9,324,030
11,304,050
11,304,0509,324,0308,968,2407,860,7306,145,5605,699,4805,093,6205,746,0006,733,9707,122,380
   > Total Current Liabilities 
4,696,410
4,727,850
4,078,920
3,930,580
4,961,960
5,209,040
6,302,690
7,485,050
8,060,330
10,211,070
10,211,0708,060,3307,485,0506,302,6905,209,0404,961,9603,930,5804,078,9204,727,8504,696,410
       Short-term Debt 
3,373,480
3,667,500
1,225,570
1,144,870
1,625,050
1,167,920
2,871,160
2,884,010
2,892,940
4,654,680
4,654,6802,892,9402,884,0102,871,1601,167,9201,625,0501,144,8701,225,5703,667,5003,373,480
       Short Long Term Debt 
3,373,480
3,667,500
3,040,760
2,513,540
2,058,880
1,613,880
3,014,210
0
0
0
0003,014,2101,613,8802,058,8802,513,5403,040,7603,667,5003,373,480
       Accounts payable 
1,968,240
1,655,890
1,695,760
1,690,960
2,133,930
2,466,890
2,087,920
0
0
0
0002,087,9202,466,8902,133,9301,690,9601,695,7601,655,8901,968,240
       Other Current Liabilities 
1,250,380
778,730
389,020
358,770
301,510
559,110
537,950
0
0
0
000537,950559,110301,510358,770389,020778,7301,250,380
   > Long-term Liabilities 
0
0
0
1,223,400
782,420
936,520
1,558,040
0
0
0
0001,558,040936,520782,4201,223,400000
       Long term Debt Total 
0
0
1,391,230
965,760
602,840
763,460
1,361,170
1,315,800
1,056,590
695,900
695,9001,056,5901,315,8001,361,170763,460602,840965,7601,391,23000
       Capital Lease Obligations 
0
0
0
10,450
0
59,500
439,510
0
0
0
000439,51059,500010,450000
       Long-term Liabilities Other 
0
0
0
52,480
44,900
0
0
0
0
0
0000044,90052,480000
> Total Stockholder Equity
4,636,110
4,934,230
5,462,130
6,068,990
6,889,480
7,709,100
7,689,930
8,698,860
10,325,130
13,711,550
13,711,55010,325,1308,698,8607,689,9307,709,1006,889,4806,068,9905,462,1304,934,2304,636,110
   Common Stock
158,450
158,450
158,450
158,450
158,450
158,450
158,450
316,910
316,910
316,910
316,910316,910316,910158,450158,450158,450158,450158,450158,450158,450
   Retained Earnings 
3,871,340
4,154,400
4,905,710
5,355,640
6,333,060
7,152,680
7,133,510
8,186,470
9,870,040
13,241,580
13,241,5809,870,0408,186,4707,133,5107,152,6806,333,0605,355,6404,905,7104,154,4003,871,340
   Capital Surplus 
0
0
409,370
409,370
409,370
409,370
409,370
250,920
250,920
250,920
250,920250,920250,920409,370409,370409,370409,370409,37000
   Treasury Stock00-55,440-11,400-11,400-11,400-11,400-11,40000
   Other Stockholders Equity 
196,950
212,010
272,520
72,720
381,430
392,830
500,140
0
0
0
000500,140392,830381,43072,720272,520212,010196,950



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 (+$)
totalRevenue30,406,980
Cost of Revenue-15,712,890
Gross Profit14,694,09014,694,090
 
Operating Income (+$)
Gross Profit14,694,090
Operating Expense-0
Operating Income4,623,64014,694,090
 
Operating Expense (+$)
Research Development0
Selling General Administrative10,132,660
Selling And Marketing Expenses0
Operating Expense010,132,660
 
Net Interest Income (+$)
Interest Income242,690
Interest Expense-20
Other Finance Cost-242,670
Net Interest Income0
 
Pretax Income (+$)
Operating Income4,623,640
Net Interest Income0
Other Non-Operating Income Expenses0
Income Before Tax (EBT)5,103,7004,623,640
EBIT - interestExpense = -20
3,708,090
3,708,110
Interest Expense20
Earnings Before Interest and Taxes (EBIT)05,103,720
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax5,103,700
Tax Provision-1,395,610
Net Income From Continuing Ops03,708,090
Net Income3,708,090
Net Income Applicable To Common Shares3,708,090
 
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 Elgi
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 Elgi. The general trend of Elgi 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 Elgi'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 ELGI Equipments 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: 763.25 < 799.00.

The bearish price targets are: 671.35 > 664.95 > 561.00.

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ELGI Equipments 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 ELGI Equipments 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

ELGI Equipments 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 ELGI Equipments Limited. The current macd is -0.43523472.

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 Elgi price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Elgi. 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 Elgi 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
ELGI Equipments Limited Daily Moving Average Convergence/Divergence (MACD) ChartELGI Equipments 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 ELGI Equipments Limited. The current adx is 19.75.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-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 Elgi shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
ELGI Equipments 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 ELGI Equipments Limited. The current sar is 727.57.

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
ELGI Equipments 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 ELGI Equipments Limited. The current rsi is 49.51. The current phase is Correction in bull market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is -2/(-13 +13).

  • Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
  • Trending up: The RSI is trending up. +1
ELGI Equipments Limited Daily Relative Strength Index (RSI) ChartELGI Equipments 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 ELGI Equipments 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 Elgi price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
ELGI Equipments Limited Daily Stochastic Oscillator ChartELGI Equipments 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 ELGI Equipments Limited. The current cci is -97.21741979.

ELGI Equipments Limited Daily Commodity Channel Index (CCI) ChartELGI Equipments 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 ELGI Equipments Limited. The current cmo is -4.23972563.

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
ELGI Equipments Limited Daily Chande Momentum Oscillator (CMO) ChartELGI Equipments 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 ELGI Equipments Limited. The current willr is -64.31143114.

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 Elgi is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
ELGI Equipments Limited Daily Williams %R ChartELGI Equipments 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 ELGI Equipments Limited.

ELGI Equipments 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 ELGI Equipments Limited. The current atr is 32.54.

ELGI Equipments Limited Daily Average True Range (ATR) ChartELGI Equipments 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 ELGI Equipments Limited. The current obv is 1,211,404.

ELGI Equipments Limited Daily On-Balance Volume (OBV) ChartELGI Equipments 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 ELGI Equipments Limited. The current mfi is 94.95.

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

  • MFI > 50: +1
  • MFI > 80: +1
ELGI Equipments Limited Daily Money Flow Index (MFI) ChartELGI Equipments Limited Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

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

6.3. Candlestick Patterns

ELGI Equipments Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5049.506
Ma 20Greater thanMa 50710.170
Ma 50Greater thanMa 100670.656
Ma 100Greater thanMa 200652.298
OpenGreater thanClose678.000
Total3/5 (60.0%)
Penke

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