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Menon Bearings Limited
Buy, Hold or Sell?

Let's analyze Menon Bearings Limited together

I guess you are interested in Menon Bearings 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 Menon Bearings 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 Menon Bearings Limited (30 sec.)










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

How much money do you get?

How much money do you get?
INR0.10
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
INR23.79
Expected worth in 1 year
INR39.02
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
INR23.23
Return On Investment
17.9%

For what price can you sell your share?

Current Price per Share
INR129.60
Expected price per share
INR108.20 - INR157.00
How sure are you?
50%
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1. Valuation of Menon Bearings Limited (5 min.)




Live pricePrice per Share (EOD)

INR129.60

Intrinsic Value Per Share

INR58.86 - INR108.28

Total Value Per Share

INR82.65 - INR132.07

2. Growth of Menon Bearings Limited (5 min.)




Is Menon Bearings Limited growing?

Current yearPrevious yearGrowGrow %
How rich?$15.8m$13.3m$2.5m16.0%

How much money is Menon Bearings Limited making?

Current yearPrevious yearGrowGrow %
Making money$3.8m$2.9m$960k24.7%
Net Profit Margin15.0%12.6%--

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

3. Financial Health of Menon Bearings Limited (5 min.)




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




  Industry Rankings (Auto Parts)  

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

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

What can you expect buying and holding a share of Menon Bearings Limited?

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

Speculation

The Price per Share of Menon Bearings Limited is INR129.60. 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 Menon Bearings Limited.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

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

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is INR23.79. Based on the TTM, the Book Value Change Per Share is INR3.81 per quarter. Based on the YOY, the Book Value Change Per Share is INR2.37 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 INR2.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Menon Bearings Limited.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps0.070.1%0.070.1%0.050.0%0.050.0%0.040.0%
Usd Book Value Change Per Share0.050.0%0.050.0%0.030.0%0.020.0%0.030.0%
Usd Dividend Per Share0.020.0%0.020.0%0.020.0%0.020.0%0.020.0%
Usd Total Gains Per Share0.070.1%0.070.1%0.050.0%0.050.0%0.040.0%
Usd Price Per Share1.15-1.15-1.06-0.84-0.89-
Price to Earnings Ratio16.59-16.59-20.28-16.66-24.96-
Price-to-Total Gains Ratio16.62-16.62-20.33-17.54-23.80-
Price to Book Ratio4.06-4.06-4.44-3.73-6.15-
Price-to-Total Gains Ratio16.62-16.62-20.33-17.54-23.80-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share1.54224
Number of shares648
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.020.02
Usd Book Value Change Per Share0.050.02
Usd Total Gains Per Share0.070.05
Gains per Quarter (648 shares)44.7830.51
Gains per Year (648 shares)179.13122.05
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1621171696062112
2123235348120124234
3185352527180186356
4247470706241248478
5308587885301310600
63707051064361371722
74328221243421433844
84949401422481495966
9555105716015415571088
10617117417806016191210

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 Menon Bearings Limited

About Menon Bearings Limited

Menon Bearings Limited manufactures auto components. The company's products include bi-metal engine bearings; bushes and thrust washers for light and heavy automobile engines, and two wheeler engines; and compressors for refrigerators, air conditioners, etc. It also provides high pressure aluminum die cast and machined components, such as motor end shields, compressor bearing connecting rods, engine components, gear case covers, and clutch assemblies; cylinder heads and brake parts; and engine parts, portable tools, fuel pump parts, pressure transmitter parts, temperature transmitter parts, explosion proof parts, etc. The company's products are used in various applications, which include automotive engines, compressors, generators, stationary and marine engines, and agricultural earthmovers and tillers. It also exports its products. Menon Bearings Limited was incorporated in 1991 and is based in Kolhapur, India.

Fundamental data was last updated by Penke on 2024-07-15 03:03:05.

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 cheap.
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1.1. Profitability of Menon Bearings Limited.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare¬†Menon Bearings Limited to the¬†Auto Parts industry mean.
  • A Net Profit Margin of 15.0%¬†means that¬†₹0.15 for each ₹1¬†in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Menon Bearings Limited:

  • The MRQ is 15.0%. The company is making a huge profit. +2
  • The TTM is 15.0%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ15.0%TTM15.0%0.0%
TTM15.0%YOY12.6%+2.5%
TTM15.0%5Y13.1%+1.9%
5Y13.1%10Y12.7%+0.4%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ15.0%3.2%+11.8%
TTM15.0%3.2%+11.8%
YOY12.6%4.8%+7.8%
5Y13.1%3.6%+9.5%
10Y12.7%3.2%+9.5%
1.1.2. Return on Assets

Shows how efficient Menon Bearings Limited is using its assets to generate profit.

  • Above 5% is considered healthy¬†but always compare¬†Menon Bearings Limited to the¬†Auto Parts industry mean.
  • 18.8% Return on Assets means that¬†Menon Bearings Limited generated¬†₹0.19 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Menon Bearings Limited:

  • The MRQ is 18.8%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 18.8%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ18.8%TTM18.8%0.0%
TTM18.8%YOY15.0%+3.8%
TTM18.8%5Y14.3%+4.5%
5Y14.3%10Y14.9%-0.6%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ18.8%3.7%+15.1%
TTM18.8%3.7%+15.1%
YOY15.0%5.5%+9.5%
5Y14.3%3.7%+10.6%
10Y14.9%4.3%+10.6%
1.1.3. Return on Equity

Shows how efficient Menon Bearings Limited is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare¬†Menon Bearings Limited to the¬†Auto Parts industry mean.
  • 24.5% Return on Equity means Menon Bearings Limited generated ₹0.24¬†for each¬†₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Menon Bearings Limited:

  • The MRQ is 24.5%. Using its investors money, the company is efficient in making profit. +1
  • The TTM is 24.5%. Using its investors money, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ24.5%TTM24.5%0.0%
TTM24.5%YOY21.9%+2.5%
TTM24.5%5Y21.9%+2.5%
5Y21.9%10Y23.9%-2.0%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ24.5%14.4%+10.1%
TTM24.5%14.4%+10.1%
YOY21.9%13.1%+8.8%
5Y21.9%12.4%+9.5%
10Y23.9%12.4%+11.5%
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1.2. Operating Efficiency of Menon Bearings Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Menon Bearings Limited is operating .

  • Measures how much profit Menon Bearings Limited makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare¬†Menon Bearings Limited to the¬†Auto Parts industry mean.
  • An Operating Margin of 0.0%¬†means the company generated ₹0.00 ¬†for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Menon Bearings Limited:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y9.6%-9.6%
5Y9.6%10Y14.8%-5.2%
1.2.2. Operating Ratio

Measures how efficient Menon Bearings Limited is keeping operating costs low.

  • Below 1 is considered healthy (always compare to¬†Auto Parts 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 Menon Bearings Limited:

  • The MRQ is 0.549. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.549. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.549TTM0.5490.000
TTM0.549YOY0.575-0.025
TTM0.5495Y0.880-0.331
5Y0.88010Y1.064-0.184
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5490.738-0.189
TTM0.5490.738-0.189
YOY0.5750.725-0.150
5Y0.8801.025-0.145
10Y1.0641.390-0.326
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1.3. Liquidity of Menon Bearings Limited.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Menon Bearings Limited is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to¬†Auto Parts industry mean).
  • A Current Ratio of 2.81¬†means the company has ₹2.81 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of Menon Bearings Limited:

  • The MRQ is 2.806. The company is able to pay all its short-term debts. +1
  • The TTM is 2.806. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ2.806TTM2.8060.000
TTM2.806YOY2.067+0.739
TTM2.8065Y2.134+0.672
5Y2.13410Y1.913+0.221
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ2.8060.988+1.818
TTM2.8060.988+1.818
YOY2.0671.026+1.041
5Y2.1341.055+1.079
10Y1.9131.065+0.848
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but¬†always compare¬†Menon Bearings Limited to the¬†Auto Parts industry mean.
  • A Quick Ratio of 1.99¬†means the company can pay off ₹1.99 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Menon Bearings Limited:

  • The MRQ is 1.986. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 1.986. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ1.986TTM1.9860.000
TTM1.986YOY1.435+0.552
TTM1.9865Y1.497+0.489
5Y1.49710Y1.307+0.190
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ1.9860.511+1.475
TTM1.9860.511+1.475
YOY1.4350.626+0.809
5Y1.4970.548+0.949
10Y1.3070.557+0.750
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1.4. Solvency of Menon Bearings Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Menon Bearings Limited assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare¬†Menon Bearings Limited to Auto Parts industry mean.
  • A Debt to Asset Ratio of 0.23¬†means that Menon Bearings Limited assets are¬†financed with 23.2% credit (debt) and the remaining percentage (100% - 23.2%)¬†is financed by its owners/shareholders.¬†

Let's take a look of the Debt to Asset Ratio trends of Menon Bearings Limited:

  • The MRQ is 0.232. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.232. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.232TTM0.2320.000
TTM0.232YOY0.314-0.083
TTM0.2325Y0.349-0.117
5Y0.34910Y0.382-0.033
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2320.697-0.465
TTM0.2320.697-0.465
YOY0.3140.682-0.368
5Y0.3490.664-0.315
10Y0.3820.687-0.305
1.4.2. Debt to Equity Ratio

Measures if Menon Bearings Limited is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but¬†always compare¬†Menon Bearings Limited to the¬†Auto Parts industry mean.
  • A Debt to Equity ratio of 30.2% means that company has ₹0.30 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Menon Bearings Limited:

  • The MRQ is 0.302. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.302. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.302TTM0.3020.000
TTM0.302YOY0.459-0.157
TTM0.3025Y0.553-0.252
5Y0.55310Y0.642-0.089
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3022.250-1.948
TTM0.3022.250-1.948
YOY0.4591.660-1.201
5Y0.5531.604-1.051
10Y0.6422.235-1.593
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2. Market Valuation of Menon Bearings 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 Menon Bearings Limited generates.

  • Above 15 is considered overpriced but¬†always compare¬†Menon Bearings Limited to the¬†Auto Parts industry mean.
  • A PE ratio of 16.59 means the investor is paying ₹16.59¬†for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Menon Bearings Limited:

  • The EOD is 22.277. Based on the earnings, the company is fair priced.
  • The MRQ is 16.589. Based on the earnings, the company is fair priced.
  • The TTM is 16.589. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD22.277MRQ16.589+5.688
MRQ16.589TTM16.5890.000
TTM16.589YOY20.284-3.694
TTM16.5895Y16.656-0.066
5Y16.65610Y24.957-8.302
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
EOD22.27740.517-18.240
MRQ16.58919.686-3.097
TTM16.58919.686-3.097
YOY20.28425.254-4.970
5Y16.65629.292-12.636
10Y24.95729.607-4.650
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is 20.098. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 14.967. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 14.967. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD20.098MRQ14.967+5.132
MRQ14.967TTM14.9670.000
TTM14.967YOY27.886-12.920
TTM14.9675Y27.514-12.547
5Y27.51410Y73.296-45.782
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
EOD20.09819.540+0.558
MRQ14.96714.9670.000
TTM14.96714.9670.000
YOY27.88627.886+0.000
5Y27.51421.285+6.229
10Y73.29653.980+19.316
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2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy¬†(always compare to Auto Parts industry mean).
  • A PB ratio of 4.06 means the investor is paying ₹4.06¬†for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of Menon Bearings Limited:

  • The EOD is 5.448. Based on the equity, the company is overpriced. -1
  • The MRQ is 4.057. Based on the equity, the company is fair priced.
  • The TTM is 4.057. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD5.448MRQ4.057+1.391
MRQ4.057TTM4.0570.000
TTM4.057YOY4.444-0.387
TTM4.0575Y3.727+0.330
5Y3.72710Y6.147-2.420
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
EOD5.4485.296+0.152
MRQ4.0572.838+1.219
TTM4.0572.838+1.219
YOY4.4442.096+2.348
5Y3.7272.969+0.758
10Y6.1474.550+1.597
2. Total Gains per Share
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3. Summary

3.1. Key Performance Indicators

The key performance indicators of Menon Bearings 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--3.8073.8070%2.367+61%2.007+90%2.379+60%
Book Value Per Share--23.79023.7900%19.983+19%18.660+27%14.186+68%
Current Ratio--2.8062.8060%2.067+36%2.134+31%1.913+47%
Debt To Asset Ratio--0.2320.2320%0.314-26%0.349-34%0.382-39%
Debt To Equity Ratio--0.3020.3020%0.459-34%0.553-45%0.642-53%
Dividend Per Share--2.0002.0000%2.0000%1.950+3%1.400+43%
Eps--5.8185.8180%4.378+33%4.127+41%3.362+73%
Free Cash Flow Per Share--6.4486.4480%3.184+102%2.954+118%2.146+200%
Free Cash Flow To Equity Per Share--2.3882.3880%-0.330+114%-0.162+107%0.145+1544%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--108.278--------
Intrinsic Value_10Y_min--58.860--------
Intrinsic Value_1Y_max--5.271--------
Intrinsic Value_1Y_min--3.734--------
Intrinsic Value_3Y_max--20.090--------
Intrinsic Value_3Y_min--13.160--------
Intrinsic Value_5Y_max--40.034--------
Intrinsic Value_5Y_min--24.641--------
Market Cap7262784000.000+26%5408420400.0005408420400.0000%4976352000.000+9%3953734080.000+37%4213143240.000+28%
Net Profit Margin--0.1500.1500%0.126+20%0.131+15%0.127+18%
Operating Margin----0%-0%0.096-100%0.148-100%
Operating Ratio--0.5490.5490%0.575-4%0.880-38%1.064-48%
Pb Ratio5.448+26%4.0574.0570%4.444-9%3.727+9%6.147-34%
Pe Ratio22.277+26%16.58916.5890%20.284-18%16.6560%24.957-34%
Price Per Share129.600+26%96.51096.5100%88.800+9%70.552+37%75.181+28%
Price To Free Cash Flow Ratio20.098+26%14.96714.9670%27.886-46%27.514-46%73.296-80%
Price To Total Gains Ratio22.316+26%16.61816.6180%20.333-18%17.543-5%23.802-30%
Quick Ratio--1.9861.9860%1.435+38%1.497+33%1.307+52%
Return On Assets--0.1880.1880%0.150+25%0.143+31%0.149+26%
Return On Equity--0.2450.2450%0.219+12%0.219+12%0.239+2%
Total Gains Per Share--5.8075.8070%4.367+33%3.957+47%3.779+54%
Usd Book Value--15865020.50015865020.5000%13325965.100+19%12444077.520+27%9460198.930+68%
Usd Book Value Change Per Share--0.0450.0450%0.028+61%0.024+90%0.028+60%
Usd Book Value Per Share--0.2830.2830%0.238+19%0.222+27%0.169+68%
Usd Dividend Per Share--0.0240.0240%0.0240%0.023+3%0.017+43%
Usd Eps--0.0690.0690%0.052+33%0.049+41%0.040+73%
Usd Free Cash Flow--4300243.5004300243.5000%2123578.800+102%1969883.160+118%1431165.400+200%
Usd Free Cash Flow Per Share--0.0770.0770%0.038+102%0.035+118%0.026+200%
Usd Free Cash Flow To Equity Per Share--0.0280.0280%-0.004+114%-0.002+107%0.002+1544%
Usd Market Cap86427129.600+26%64360202.76064360202.7600%59218588.800+9%47049435.552+37%50136404.556+28%
Usd Price Per Share1.542+26%1.1481.1480%1.057+9%0.840+37%0.895+28%
Usd Profit--3879614.2003879614.2000%2919522.200+33%2752003.520+41%2242145.640+73%
Usd Revenue--25815871.90025815871.9000%23252147.800+11%20686707.720+25%17099750.220+51%
Usd Total Gains Per Share--0.0690.0690%0.052+33%0.047+47%0.045+54%
 EOD+4 -4MRQTTM+0 -0YOY+30 -25Y+31 -410Y+32 -3

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1522.277
Price to Book Ratio (EOD)Between0-15.448
Net Profit Margin (MRQ)Greater than00.150
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than11.986
Current Ratio (MRQ)Greater than12.806
Debt to Asset Ratio (MRQ)Less than10.232
Debt to Equity Ratio (MRQ)Less than10.302
Return on Equity (MRQ)Greater than0.150.245
Return on Assets (MRQ)Greater than0.050.188
Total7/10 (70.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5045.951
Ma 20Greater thanMa 50135.593
Ma 50Greater thanMa 100129.048
Ma 100Greater thanMa 200126.904
OpenGreater thanClose125.050
Total2/5 (40.0%)



Latest Balance Sheet

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

Summary
Total Assets1,735,364
Total Liabilities402,169
Total Stockholder Equity1,333,195
 As reported
Total Liabilities 402,169
Total Stockholder Equity+ 1,333,195
Total Assets = 1,735,364

Assets

Total Assets1,735,364
Total Current Assets863,015
Long-term Assets0
Total Current Assets
Cash And Cash Equivalents 113,548
Net Receivables 497,133
Inventory 223,394
Other Current Assets 17,949
Total Current Assets  (as reported)863,015
Total Current Assets  (calculated)852,024
+/- 10,991
Long-term Assets
Property Plant Equipment 847,023
Intangible Assets 495
Other Assets -17
Long-term Assets  (as reported)0
Long-term Assets  (calculated)847,501
+/- 847,501

Liabilities & Shareholders' Equity

Total Current Liabilities307,555
Long-term Liabilities0
Total Stockholder Equity1,333,195
Total Current Liabilities
Short-term Debt 41,174
Total Current Liabilities  (as reported)307,555
Total Current Liabilities  (calculated)41,174
+/- 266,381
Long-term Liabilities
Long term Debt Total 57,931
Capital Lease Obligations Min Short Term Debt-41,174
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)16,757
+/- 16,757
Total Stockholder Equity
Common Stock56,040
Retained Earnings 1,276,899
Total Stockholder Equity (as reported)1,333,195
Total Stockholder Equity (calculated)1,332,939
+/- 256
Other
Cash And Equivalents174
Cash and Short Term Investments 113,722
Common Stock Shares Outstanding 56,040
Liabilities and Stockholders Equity 1,735,364
Net Working Capital 555,460



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 
741,847
783,003
798,975
1,025,401
1,256,980
1,580,042
1,494,654
1,547,932
1,633,330
1,735,364
1,735,3641,633,3301,547,9321,494,6541,580,0421,256,9801,025,401798,975783,003741,847
   > Total Current Assets 
351,493
414,173
434,969
611,654
726,322
787,016
660,911
713,571
835,562
863,015
863,015835,562713,571660,911787,016726,322611,654434,969414,173351,493
       Cash And Cash Equivalents 
66,320
90,022
53,703
169,437
185,363
259
15,533
60,545
70,086
113,548
113,54870,08660,54515,533259185,363169,43753,70390,02266,320
       Net Receivables 
180,516
209,153
250,136
292,393
353,742
394,558
355,244
443,254
509,715
497,133
497,133509,715443,254355,244394,558353,742292,393250,136209,153180,516
       Inventory 
90,835
97,599
114,376
123,675
145,132
171,436
162,575
171,548
219,208
223,394
223,394219,208171,548162,575171,436145,132123,675114,37697,59990,835
       Other Current Assets 
12,152
15,896
13,954
21,484
44,587
18,000
22,388
16,736
17,646
17,949
17,94917,64616,73622,38818,00044,58721,48413,95415,89612,152
   > Long-term Assets 
0
0
0
413,747
530,658
793,026
833,743
0
0
0
000833,743793,026530,658413,747000
       Property Plant Equipment 
382,587
359,902
355,447
405,024
523,604
747,497
819,220
811,917
786,544
847,023
847,023786,544811,917819,220747,497523,604405,024355,447359,902382,587
       Long Term Investments 
589
589
0
0
0
0
0
0
0
0
00000000589589
       Intangible Assets 
666
1,397
1,509
1,670
0
1,326
1,309
769
599
495
4955997691,3091,32601,6701,5091,397666
       Long-term Assets Other 
0
0
0
1
-1
0
-1
0
0
0
000-10-11000
> Total Liabilities 
382,269
353,286
279,580
383,822
486,106
673,688
612,593
560,767
513,501
402,169
402,169513,501560,767612,593673,688486,106383,822279,580353,286382,269
   > Total Current Liabilities 
287,457
279,209
219,415
311,961
401,582
363,485
368,688
387,728
404,247
307,555
307,555404,247387,728368,688363,485401,582311,961219,415279,209287,457
       Short-term Debt 
197,404
166,507
103,057
177,464
203,085
180,854
175,601
158,496
162,077
41,174
41,174162,077158,496175,601180,854203,085177,464103,057166,507197,404
       Short Long Term Debt 
197,404
166,507
123,430
214,444
203,085
183,647
178,925
0
0
0
000178,925183,647203,085214,444123,430166,507197,404
       Accounts payable 
73,649
63,552
65,816
81,428
106,502
99,642
93,667
0
0
0
00093,66799,642106,50281,42865,81663,55273,649
       Other Current Liabilities 
38,771
50,832
12,573
13,449
40,488
19,165
25,833
0
0
0
00025,83319,16540,48813,44912,57350,83238,771
   > Long-term Liabilities 
0
0
0
71,861
84,524
310,203
243,905
0
0
0
000243,905310,20384,52471,861000
       Long term Debt Total 
0
0
20,373
36,980
49,657
273,445
205,173
129,689
66,433
57,931
57,93166,433129,689205,173273,44549,65736,98020,37300
       Deferred Long Term Liability 
507
0
0
0
0
0
0
0
0
0
000000000507
> Total Stockholder Equity
359,578
429,717
519,395
641,579
770,874
906,354
882,061
987,165
1,119,829
1,333,195
1,333,1951,119,829987,165882,061906,354770,874641,579519,395429,717359,578
   Common Stock
46,700
46,700
46,700
56,040
56,040
56,040
56,040
56,040
56,040
56,040
56,04056,04056,04056,04056,04056,04056,04046,70046,70046,700
   Retained Earnings 
307,369
377,508
467,186
582,783
714,834
850,058
825,765
930,869
1,063,533
1,276,899
1,276,8991,063,533930,869825,765850,058714,834582,783467,186377,508307,369
   Capital Surplus 0000000000
   Treasury Stock0000000000
   Other Stockholders Equity 
5,509
5,509
5,509
2,756
2,756
2,756
2,756
0
0
0
0002,7562,7562,7562,7565,5095,5095,509



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 (+$)
totalRevenue2,169,401
Cost of Revenue-1,191,839
Gross Profit977,562977,562
 
Operating Income (+$)
Gross Profit977,562
Operating Expense-0
Operating Income424,950977,562
 
Operating Expense (+$)
Research Development0
Selling General Administrative471,379
Selling And Marketing Expenses0
Operating Expense0471,379
 
Net Interest Income (+$)
Interest Income22,241
Interest Expense-0
Other Finance Cost-22,241
Net Interest Income0
 
Pretax Income (+$)
Operating Income424,950
Net Interest Income0
Other Non-Operating Income Expenses0
Income Before Tax (EBT)425,078424,950
EBIT - interestExpense = 0
326,018
326,018
Interest Expense0
Earnings Before Interest and Taxes (EBIT)0425,078
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax425,078
Tax Provision-99,060
Net Income From Continuing Ops0326,018
Net Income326,018
Net Income Applicable To Common Shares326,018
 
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 Menon Bearings Limited
The psychology behind the price

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

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Menon Bearings Limited. The general trend of Menon Bearings Limited is NEUTRAL with 0.0% 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 Menon Bearings Limited's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

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

Indicator zone transitionsBullish trend (0.0%) Bearish trend (0.0%)
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 Menon Bearings Limited.

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

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

The bullish price targets are: 142.65 < 153.40 < 157.00.

The bearish price targets are: 110.45 > 110.00 > 108.20.

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Menon Bearings 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 Menon Bearings Limited. The current mas is .

The long score for the Moving Averages is 7/14.
The longshort score for the Moving Averages is 0/(-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 lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below 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

Menon Bearings 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 Menon Bearings Limited. The current macd is -0.62742716.

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 Menon Bearings Limited price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Menon Bearings Limited. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Menon Bearings Limited price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Menon Bearings Limited Daily Moving Average Convergence/Divergence (MACD) ChartMenon Bearings 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 Menon Bearings Limited. The current adx is 21.39.

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 Menon Bearings Limited 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.
Menon Bearings 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 Menon Bearings Limited. The current sar is 149.06.

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
Menon Bearings 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 Menon Bearings Limited. The current rsi is 45.95. The current phase is Continuation in bear 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).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending up: The RSI is trending up. +1
Menon Bearings Limited Daily Relative Strength Index (RSI) ChartMenon Bearings 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 Menon Bearings Limited. The current phase is Continuation in bear 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 Menon Bearings Limited price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Menon Bearings Limited Daily Stochastic Oscillator ChartMenon Bearings 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 Menon Bearings Limited. The current cci is -137.35860144.

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
Menon Bearings Limited Daily Commodity Channel Index (CCI) ChartMenon Bearings 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 Menon Bearings Limited. The current cmo is -13.72567496.

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
Menon Bearings Limited Daily Chande Momentum Oscillator (CMO) ChartMenon Bearings 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 Menon Bearings Limited. The current willr is -62.29116945.

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

Menon Bearings 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 Menon Bearings Limited. The current atr is 6.16581649.

Menon Bearings Limited Daily Average True Range (ATR) ChartMenon Bearings 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 Menon Bearings Limited. The current obv is 1,156,653.

Menon Bearings Limited Daily On-Balance Volume (OBV) ChartMenon Bearings 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 Menon Bearings Limited. The current mfi is 31.19.

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
Menon Bearings Limited Daily Money Flow Index (MFI) ChartMenon Bearings Limited Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Menon Bearings 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
2024-02-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-27MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-28CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-29WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-01STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-04SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-06SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-03-07STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-11BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-14STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-15RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-03-18STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-19RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-03-21STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-27WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-28MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-04-01SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-02CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-04-03DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-04STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-04-05STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-15DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-04-16CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-04-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-19STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-04-22DMI 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.
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).
2024-04-24DMI 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.
2024-04-25DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-04-29DMI 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.
2024-05-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-03DMI 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.
2024-05-06STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-07MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-05-09SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-05-13WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-05-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-16DMI 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
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-22MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-05-24MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-05-27STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-30WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-05-31SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-06-04CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-06-05RSI 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).
2024-06-07DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-06-10MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-06-12SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-06-13STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-14STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-06-18STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-19STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-06-20STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-24STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-25MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-06-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-27RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-07-04CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-07-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-07-10SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-07-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-12CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-07-15CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-07-16STOCH SHORT EXITThe %K line crosses above the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
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.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-07-19WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-07-22BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-07-23STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

Menon Bearings Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5045.951
Ma 20Greater thanMa 50135.593
Ma 50Greater thanMa 100129.048
Ma 100Greater thanMa 200126.904
OpenGreater thanClose125.050
Total2/5 (40.0%)
Penke

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