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524598 (AksharChem (India) Limited) Stock Analysis
Buy, Hold or Sell?

Let's analyze AksharChem (India) Limited together

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

  • πŸ“Š Fundamental Analysis (FA) – AksharChem (India) Limited’s Financial Insights
  • πŸ“ˆ Technical Analysis (TA) – AksharChem (India) Limited’s Price Targets

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

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1. Quick Overview

1.1. Quick analysis of AksharChem (India) Limited (30 sec.)










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

How much money do you get?

How much money do you get?
INR0.03
When do you have the money?
1 year
How often do you get paid?
70.0%

What is your share worth?

Current worth
INR339.36
Expected worth in 1 year
INR332.76
How sure are you?
90.0%

+ What do you gain per year?

Total Gains per Share
INR-4.14
Return On Investment
-1.4%

For what price can you sell your share?

Current Price per Share
INR295.55
Expected price per share
INR270.30 - INR331.46
How sure are you?
50%
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2. Detailed Analysis

2.1. Valuation of AksharChem (India) Limited (5 min.)




Live pricePrice per Share (EOD)
INR295.55
Intrinsic Value Per Share
INR-70.93 - INR497.36
Total Value Per Share
INR268.43 - INR836.73

2.2. Growth of AksharChem (India) Limited (5 min.)




Is AksharChem (India) Limited growing?

Current yearPrevious yearGrowGrow %
How rich?$32.5m$32.7m-$158.5k-0.5%

How much money is AksharChem (India) Limited making?

Current yearPrevious yearGrowGrow %
Making money-$110.2k$1.8m-$1.9m-1,789.3%
Net Profit Margin-0.3%4.2%--

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

2.3. Financial Health of AksharChem (India) Limited (5 min.)




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




  Industry Rankings (Other)  

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3. Summary and Key Metrics

3.1. What can you expect buying and holding a share of AksharChem (India) Limited?

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

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

Speculation

The Price per Share of AksharChem (India) Limited is INR295.55. 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 AksharChem (India) Limited.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

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

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is INR339.36. Based on the TTM, the Book Value Change Per Share is INR-1.65 per quarter. Based on the YOY, the Book Value Change Per Share is INR1.22 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 INR0.62 per quarter.
Based on historical numbers we can estimate the returns while holding a share of AksharChem (India) Limited.

How much money are you going to get?

 MRQTTMYOY3Y5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps-0.010.0%-0.010.0%0.230.1%0.130.0%0.190.1%0.290.1%
Usd Book Value Change Per Share-0.020.0%-0.020.0%0.010.0%0.060.0%0.120.0%0.400.1%
Usd Dividend Per Share0.010.0%0.010.0%0.000.0%0.000.0%0.030.0%0.040.0%
Usd Total Gains Per Share-0.010.0%-0.010.0%0.010.0%0.060.0%0.150.0%0.430.1%
Usd Price Per Share2.40-2.40-4.07-3.07-2.96-3.55-
Price to Earnings Ratio-178.53--178.53-17.95--48.42--25.09--7.70-
Price-to-Total Gains Ratio-197.99--197.99-286.42-34.24-24.56-15.09-
Price to Book Ratio0.60-0.60-1.02-0.77-0.77-1.65-
Price-to-Total Gains Ratio-197.99--197.99-286.42-34.24-24.56-15.09-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share3.457935
Number of shares289
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.010.03
Usd Book Value Change Per Share-0.020.12
Usd Total Gains Per Share-0.010.15
Gains per Quarter (289 shares)-3.5042.35
Gains per Year (289 shares)-14.01169.40
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
18-22-2435134159
217-45-3871268328
325-67-52106402497
433-89-66142536666
542-112-80177670835
650-134-942128041004
758-156-1082489381173
867-179-12228310721342
975-201-13631812061511
1083-223-15035413401680

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 Share0.01.00.00.0%2.01.00.066.7%4.01.00.080.0%9.01.00.090.0%9.01.00.090.0%
Book Value Change Per Share0.01.00.00.0%2.01.00.066.7%4.01.00.080.0%9.01.00.090.0%9.01.00.090.0%
Dividend per Share1.00.00.0100.0%1.00.02.033.3%3.00.02.060.0%7.00.03.070.0%7.00.03.070.0%
Total Gains per Share0.01.00.00.0%2.01.00.066.7%4.01.00.080.0%9.01.00.090.0%9.01.00.090.0%
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3.2. Key Performance Indicators

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

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-3Y+/-5 Year+/-10 Year+/-
Book Value Change Per Share---1.652-1.6520%1.216-236%5.304-131%9.909-117%33.936-105%
Book Value Per Share--339.362339.3620%341.0140%340.0580%331.437+2%235.046+44%
Current Ratio--2.2492.2490%1.781+26%1.976+14%2.287-2%1.957+15%
Debt To Asset Ratio--0.2380.2380%0.311-24%0.255-7%0.226+5%0.317-25%
Debt To Equity Ratio--0.3120.3120%0.451-31%0.346-10%0.297+5%0.523-40%
Dividend Per Share--0.6160.6160%-+100%0.205+200%2.616-76%3.056-80%
Enterprise Value--814571079.500814571079.5000%1597413838.000-49%1191958604.000-32%1276693317.500-36%1847968694.150-56%
Eps---1.149-1.1490%19.402-106%11.165-110%16.040-107%24.620-105%
Ev To Sales Ratio--0.2430.2430%0.420-42%0.379-36%0.411-41%0.712-66%
Free Cash Flow Per Share--35.37635.3760%-25.137+171%2.493+1319%-16.380+146%-1.463+104%
Free Cash Flow To Equity Per Share---0.602-0.6020%-2.977+395%-1.582+163%-18.679+3005%-2.308+284%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--497.365----------
Intrinsic Value_10Y_min---70.933----------
Intrinsic Value_1Y_max--12.729----------
Intrinsic Value_1Y_min---14.186----------
Intrinsic Value_3Y_max--66.528----------
Intrinsic Value_3Y_min---36.745----------
Intrinsic Value_5Y_max--154.424----------
Intrinsic Value_5Y_min---52.690----------
Market Cap2424275474.500+31%1681941079.5001681941079.5000%2856141838.000-41%2151265937.333-22%2077305917.500-19%2488460741.250-32%
Net Profit Margin---0.003-0.0030%0.042-107%0.030-109%0.044-106%0.085-103%
Operating Margin----0%-0%-0%0.045-100%0.119-100%
Operating Ratio--0.6980.6980%0.652+7%0.661+6%1.055-34%1.240-44%
Pb Ratio0.871+31%0.6040.6040%1.021-41%0.771-22%0.765-21%1.652-63%
Pe Ratio-257.327-44%-178.531-178.5310%17.946-1095%-48.420-73%-25.087-86%-7.695-96%
Price Per Share295.550+31%205.050205.0500%348.200-41%262.267-22%253.250-19%303.375-32%
Price To Free Cash Flow Ratio8.355+31%5.7965.7960%-13.852+339%-30.884+633%-21.247+467%-7.883+236%
Price To Total Gains Ratio-285.377-44%-197.992-197.9920%286.416-169%34.237-678%24.562-906%15.088-1412%
Quick Ratio--0.6990.6990%0.625+12%0.607+15%0.694+1%0.884-21%
Return On Assets---0.003-0.0030%0.039-107%0.024-111%0.038-107%0.104-102%
Return On Equity---0.003-0.0030%0.057-106%0.033-110%0.049-107%0.176-102%
Total Gains Per Share---1.036-1.0360%1.216-185%5.509-119%12.525-108%36.993-103%
Usd Book Value--32568669.90032568669.9000%32727181.5000%32635453.5000%31808111.400+2%22557476.664+44%
Usd Book Value Change Per Share---0.019-0.0190%0.014-236%0.062-131%0.116-117%0.397-105%
Usd Book Value Per Share--3.9713.9710%3.9900%3.9790%3.878+2%2.750+44%
Usd Dividend Per Share--0.0070.0070%-+100%0.002+200%0.031-76%0.036-80%
Usd Enterprise Value--9530481.6309530481.6300%18689741.905-49%13945915.667-32%14937311.815-36%21621233.722-56%
Usd Eps---0.013-0.0130%0.227-106%0.131-110%0.188-107%0.288-105%
Usd Free Cash Flow--3395035.8003395035.8000%-2412434.700+171%239218.200+1319%-1571974.560+146%-140435.243+104%
Usd Free Cash Flow Per Share--0.4140.4140%-0.294+171%0.029+1319%-0.192+146%-0.017+104%
Usd Free Cash Flow To Equity Per Share---0.007-0.0070%-0.035+395%-0.019+163%-0.219+3005%-0.027+284%
Usd Market Cap28364023.052+31%19678710.63019678710.6300%33416859.505-41%25169811.467-22%24304479.235-19%29114990.673-32%
Usd Price Per Share3.458+31%2.3992.3990%4.074-41%3.069-22%2.963-19%3.549-32%
Usd Profit---110225.700-110225.7000%1862031.600-106%1071470.400-110%1539387.720-107%2362784.677-105%
Usd Revenue--39157396.20039157396.2000%44500294.800-12%37498730.100+4%36142111.980+8%30325329.174+29%
Usd Total Gains Per Share---0.012-0.0120%0.014-185%0.064-119%0.147-108%0.433-103%
 EOD+4 -4MRQTTM+0 -0YOY+14 -233Y+15 -225Y+14 -2410Y+16 -22

3.3 Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-257.327
Price to Book Ratio (EOD)Between0-10.871
Net Profit Margin (MRQ)Greater than0-0.003
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.699
Current Ratio (MRQ)Greater than12.249
Debt to Asset Ratio (MRQ)Less than10.238
Debt to Equity Ratio (MRQ)Less than10.312
Return on Equity (MRQ)Greater than0.15-0.003
Return on Assets (MRQ)Greater than0.05-0.003
Total4/10 (40.0%)

3.4 Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5076.421
Ma 20Greater thanMa 50261.670
Ma 50Greater thanMa 100250.398
Ma 100Greater thanMa 200237.555
OpenGreater thanClose297.900
Total4/5 (80.0%)

4. In-depth Analysis

4.1 About AksharChem (India) Limited

AksharChem (India) Limited engages in the manufacture and sale of dyes and pigments in India. The company offers vinyl sulphone, sulpho para vinyl sulphone, ortho anicidine vinyl sulphone, and h-acid for use in the textile industry; and CPC green for printing ink, rubber, plastic, paint, and leather industries. It also exports its products to Europe, the Far East, South East Asia, China, the United States, and internationally. The company was formerly known as Audichem (India) Limited and changed its name to AksharChem (India) Limited in March 2003. AksharChem (India) Limited was founded in 1989 and is headquartered in Mehsana, India.

Fundamental data was last updated by Penke on 2025-06-24 20:49:03.

4.2 In-depth Summary

4.2.1. Financial Health Summary

Profitability Details
 Compared to previous yearCompared to industry
The company is not making a profit/loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

4.2.2. Valuation Summary

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is cheap.
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4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. Net Profit Margin

Measures how much net profitΒ AksharChem (India) Limited earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compareΒ AksharChem (India) Limited to theΒ Other industry mean.
  • A Net Profit Margin of -0.3%Β means thatΒ ₹0.00 for each ₹1Β in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of AksharChem (India) Limited:

  • The MRQ is -0.3%. The company is not making a profit/loss.
  • The TTM is -0.3%. The company is not making a profit/loss.
Trends
Current periodCompared to+/- 
MRQ-0.3%TTM-0.3%0.0%
TTM-0.3%YOY4.2%-4.5%
TTM-0.3%5Y4.4%-4.7%
5Y4.4%10Y8.5%-4.1%
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.3%6.1%-6.4%
TTM-0.3%5.8%-6.1%
YOY4.2%5.6%-1.4%
3Y3.0%5.9%-2.9%
5Y4.4%5.9%-1.5%
10Y8.5%6.1%+2.4%
4.3.1.2. Return on Assets

Shows howΒ efficientΒ AksharChem (India) Limited is using its assets to generate profit.

  • Above 5% is considered healthyΒ but always compareΒ AksharChem (India) Limited to theΒ Other industry mean.
  • -0.3% Return on Assets means thatΒ AksharChem (India) Limited generatedΒ ₹0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of AksharChem (India) Limited:

  • The MRQ is -0.3%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -0.3%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-0.3%TTM-0.3%0.0%
TTM-0.3%YOY3.9%-4.2%
TTM-0.3%5Y3.8%-4.1%
5Y3.8%10Y10.4%-6.5%
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.3%0.9%-1.2%
TTM-0.3%0.9%-1.2%
YOY3.9%0.8%+3.1%
3Y2.4%0.9%+1.5%
5Y3.8%1.0%+2.8%
10Y10.4%1.0%+9.4%
4.3.1.3. Return on Equity

Shows how efficient AksharChem (India) Limited is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compareΒ AksharChem (India) Limited to theΒ Other industry mean.
  • -0.3% Return on Equity means AksharChem (India) Limited generated ₹0.00Β for eachΒ ₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of AksharChem (India) Limited:

  • The MRQ is -0.3%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -0.3%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-0.3%TTM-0.3%0.0%
TTM-0.3%YOY5.7%-6.0%
TTM-0.3%5Y4.9%-5.2%
5Y4.9%10Y17.6%-12.7%
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.3%3.1%-3.4%
TTM-0.3%2.4%-2.7%
YOY5.7%2.5%+3.2%
3Y3.3%2.8%+0.5%
5Y4.9%3.1%+1.8%
10Y17.6%3.0%+14.6%
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4.3.2. Operating Efficiency of AksharChem (India) Limited.

4.3.2. Operating Efficiency
4.3.2.1. Operating Margin

MeasuresΒ how efficient AksharChem (India) Limited is operatingΒ .

  • Measures how much profit AksharChem (India) Limited makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compareΒ AksharChem (India) Limited to theΒ Other industry mean.
  • An Operating Margin of 0.0%Β means the company generated ₹0.00 Β for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of AksharChem (India) Limited:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y4.5%-4.5%
5Y4.5%10Y11.9%-7.4%
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ-11.1%-11.1%
TTM-5.1%-5.1%
YOY-8.7%-8.7%
3Y-2.1%-2.1%
5Y4.5%2.8%+1.7%
10Y11.9%5.7%+6.2%
4.3.2.2. Operating Ratio

Measures how efficient AksharChem (India) Limited is keepingΒ operating costsΒ low.

  • Below 1 is considered healthy (always compare toΒ Other industry mean).
  • An Operation Ratio of 0.70 means that the operating costs are ₹0.70 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of AksharChem (India) Limited:

  • The MRQ is 0.698. The company is efficient in keeping operating costs low. +1
  • The TTM is 0.698. The company is efficient in keeping operating costs low. +1
Trends
Current periodCompared to+/- 
MRQ0.698TTM0.6980.000
TTM0.698YOY0.652+0.046
TTM0.6985Y1.055-0.358
5Y1.05510Y1.240-0.184
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6981.494-0.796
TTM0.6981.498-0.800
YOY0.6521.519-0.867
3Y0.6611.533-0.872
5Y1.0551.515-0.460
10Y1.2401.506-0.266
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4.4.3. Liquidity of AksharChem (India) Limited.

4.4.3. Liquidity
4.4.3.1. Current Ratio

Measures if AksharChem (India) Limited is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare toΒ Other industry mean).
  • A Current Ratio of 2.25Β means the company has ₹2.25 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of AksharChem (India) Limited:

  • The MRQ is 2.249. The company is able to pay all its short-term debts. +1
  • The TTM is 2.249. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ2.249TTM2.2490.000
TTM2.249YOY1.781+0.468
TTM2.2495Y2.287-0.038
5Y2.28710Y1.957+0.330
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ2.2491.393+0.856
TTM2.2491.380+0.869
YOY1.7811.503+0.278
3Y1.9761.487+0.489
5Y2.2871.522+0.765
10Y1.9571.476+0.481
4.4.3.2. Quick Ratio

Measures if AksharChem (India) Limited is able to pay off Short-term Debt but only usingΒ theΒ most liquid assets.

  • Above 1 is considered healthy butΒ always compareΒ AksharChem (India) Limited to theΒ Other industry mean.
  • A Quick Ratio of 0.70Β means the company can pay off ₹0.70 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of AksharChem (India) Limited:

  • The MRQ is 0.699. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.699. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.699TTM0.6990.000
TTM0.699YOY0.625+0.074
TTM0.6995Y0.694+0.006
5Y0.69410Y0.884-0.190
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6990.493+0.206
TTM0.6990.469+0.230
YOY0.6250.497+0.128
3Y0.6070.495+0.112
5Y0.6940.514+0.180
10Y0.8840.550+0.334
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4.5.4. Solvency of AksharChem (India) Limited.

4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio

Measures how much %Β of AksharChem (India) LimitedΒ assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compareΒ AksharChem (India) Limited to Other industry mean.
  • A Debt to Asset Ratio of 0.24Β means that AksharChem (India) Limited assets areΒ financed with 23.8% credit (debt) and the remaining percentage (100% - 23.8%)Β is financed by its owners/shareholders.Β 

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

  • The MRQ is 0.238. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.238. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.238TTM0.2380.000
TTM0.238YOY0.311-0.073
TTM0.2385Y0.226+0.012
5Y0.22610Y0.317-0.091
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2380.556-0.318
TTM0.2380.558-0.320
YOY0.3110.544-0.233
3Y0.2550.539-0.284
5Y0.2260.567-0.341
10Y0.3170.577-0.260
4.5.4.2. Debt to Equity Ratio

Measures ifΒ AksharChem (India) Limited is able toΒ pay off its debts by usingΒ shareholders equity.

  • Below 2 is considered healthy butΒ always compareΒ AksharChem (India) Limited to theΒ Other industry mean.
  • A Debt to Equity ratio of 31.2% means that company has ₹0.31 debt for each ₹1 in shareholders equity.

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

  • The MRQ is 0.312. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.312. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.312TTM0.3120.000
TTM0.312YOY0.451-0.139
TTM0.3125Y0.297+0.015
5Y0.29710Y0.523-0.226
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3121.265-0.953
TTM0.3121.305-0.993
YOY0.4511.261-0.810
3Y0.3461.439-1.093
5Y0.2971.433-1.136
10Y0.5231.478-0.955
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. Price to Earnings Ratio

MeasuresΒ how much money you payΒ for each share forΒ every ₹1 in earnings AksharChem (India) Limited generates.

  • Above 15 is considered overpriced butΒ always compareΒ AksharChem (India) Limited to theΒ Other industry mean.
  • A PE ratio of -178.53 means the investor is paying ₹-178.53Β for every ₹1 in earnings.

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

  • The EOD is -257.327. Based on the earnings, the company is expensive. -2
  • The MRQ is -178.531. Based on the earnings, the company is expensive. -2
  • The TTM is -178.531. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-257.327MRQ-178.531-78.796
MRQ-178.531TTM-178.5310.000
TTM-178.531YOY17.946-196.478
TTM-178.5315Y-25.087-153.444
5Y-25.08710Y-7.695-17.392
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
EOD-257.32713.104-270.431
MRQ-178.53113.609-192.140
TTM-178.53112.478-191.009
YOY17.94612.039+5.907
3Y-48.42010.045-58.465
5Y-25.08713.781-38.868
10Y-7.69512.785-20.480
4.6.2.2. Price To Free Cash Flow Ratio

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

  • The EOD is 8.355. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 5.796. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 5.796. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD8.355MRQ5.796+2.558
MRQ5.796TTM5.7960.000
TTM5.796YOY-13.852+19.648
TTM5.7965Y-21.247+27.043
5Y-21.24710Y-7.883-13.363
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
EOD8.3555.213+3.142
MRQ5.7965.497+0.299
TTM5.7966.149-0.353
YOY-13.8524.711-18.563
3Y-30.8840.361-31.245
5Y-21.2473.455-24.702
10Y-7.8832.147-10.030
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4.6.2. Book Value per Share
4.6.2.1. Price to Book Ratio

Measures if the stock price ofΒ AksharChem (India) Limited is to cheap or to expensiveΒ compared to its book value.

  • At or below 1 is considered healthyΒ (always compare to Other industry mean).
  • A PB ratio of 0.60 means the investor is paying ₹0.60Β for each ₹1 in book value.

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

  • The EOD is 0.871. Based on the equity, the company is cheap. +2
  • The MRQ is 0.604. Based on the equity, the company is cheap. +2
  • The TTM is 0.604. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.871MRQ0.604+0.267
MRQ0.604TTM0.6040.000
TTM0.604YOY1.021-0.417
TTM0.6045Y0.765-0.161
5Y0.76510Y1.652-0.887
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
EOD0.8711.237-0.366
MRQ0.6041.255-0.651
TTM0.6041.311-0.707
YOY1.0211.315-0.294
3Y0.7711.317-0.546
5Y0.7651.634-0.869
10Y1.6521.572+0.080
4.6.2. Total Gains per Share
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6. Financial Statements




6.1. Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2019-03-312020-03-312021-03-312022-03-312023-03-31
Income before Tax  334,069-142,973191,096-18,090173,0066,462179,468-184,458-4,990
Net Income  225,895-68,668157,227-32,218125,00934,139159,148-168,569-9,421
Net Income Applicable to Common Shares  225,895-68,668157,227-32,218125,00934,139159,148-168,569-9,421



6.2. Latest Balance Sheet

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

Summary
Total Assets3,652,491
Total Liabilities868,844
Total Stockholder Equity2,783,647
 As reported
Total Liabilities 868,844
Total Stockholder Equity+ 2,783,647
Total Assets = 3,652,491

Assets

Total Assets3,652,491
Total Current Assets1,168,749
Long-term Assets0
Total Current Assets
Cash And Cash Equivalents 1,474
Short-term Investments 402
Net Receivables 361,569
Inventory 593,388
Other Current Assets 15,911
Total Current Assets  (as reported)1,168,749
Total Current Assets  (calculated)972,744
+/- 196,005
Long-term Assets
Property Plant Equipment 2,425,726
Intangible Assets 3,007
Long-term Assets  (as reported)0
Long-term Assets  (calculated)2,428,733
+/- 2,428,733

Liabilities & Shareholders' Equity

Total Current Liabilities519,668
Long-term Liabilities0
Total Stockholder Equity2,783,647
Total Current Liabilities
Short-term Debt 21,254
Total Current Liabilities  (as reported)519,668
Total Current Liabilities  (calculated)21,254
+/- 498,414
Long-term Liabilities
Long term Debt Total 165,000
Capital Lease Obligations Min Short Term Debt-21,254
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)143,746
+/- 143,746
Total Stockholder Equity
Common Stock80,331
Retained Earnings 2,117,709
Capital Surplus 583,949
Other Stockholders Equity 1,658
Total Stockholder Equity (as reported)2,783,647
Total Stockholder Equity (calculated)2,783,647
+/-0
Other
Cash and Short Term Investments 1,474
Common Stock Shares Outstanding 8,033
Liabilities and Stockholders Equity 3,652,491
Net Working Capital 649,081



6.3. Balance Sheets Structured

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 
700,952
1,464,817
1,551,125
2,190,142
2,992,189
3,160,147
3,229,320
3,554,989
4,059,740
3,652,491
3,652,4914,059,7403,554,9893,229,3203,160,1472,992,1892,190,1421,551,1251,464,817700,952
   > Total Current Assets 
406,294
698,675
706,306
1,052,869
1,409,698
1,211,200
1,200,213
1,141,725
1,525,879
1,168,749
1,168,7491,525,8791,141,7251,200,2131,211,2001,409,6981,052,869706,306698,675406,294
       Cash And Cash Equivalents 
6,843
8,608
2,735
36,409
38,319
2,423
2,155
14,404
1,401
1,474
1,4741,40114,4042,1552,42338,31936,4092,7358,6086,843
       Short-term Investments 
0
0
0
195,061
455,666
570
2,505
1,538
2,416
402
4022,4161,5382,505570455,666195,061000
       Net Receivables 
247,654
449,216
227,918
133,169
275,311
381,319
297,517
281,937
529,317
361,569
361,569529,317281,937297,517381,319275,311133,169227,918449,216247,654
       Inventory 
109,371
181,482
159,819
321,729
296,523
365,500
422,569
579,597
724,807
593,388
593,388724,807579,597422,569365,500296,523321,729159,819181,482109,371
       Other Current Assets 
41,676
56,522
1,485
298,798
327,552
356,508
373,186
16,607
18,560
15,911
15,91118,56016,607373,186356,508327,552298,7981,48556,52241,676
   > Long-term Assets 
0
0
0
964,862
1,535,120
1,948,947
2,029,107
0
0
0
0002,029,1071,948,9471,535,120964,862000
       Property Plant Equipment 
209,844
564,533
602,614
733,963
1,118,543
1,568,692
1,899,930
2,343,851
2,468,371
2,425,726
2,425,7262,468,3712,343,8511,899,9301,568,6921,118,543733,963602,614564,533209,844
       Long Term Investments 
76,909
183,401
225,016
236,918
0
0
0
0
0
0
000000236,918225,016183,40176,909
       Intangible Assets 
0
2,126
2,126
1,770
2,603
2,485
3,664
4,390
3,971
3,007
3,0073,9714,3903,6642,4852,6031,7702,1262,1260
       Long-term Assets Other 
0
0
0
0
582,347
-11
-3
0
0
0
000-3-11582,3470000
> Total Liabilities 
359,975
750,314
701,067
786,240
614,944
588,126
576,196
767,766
1,262,545
868,844
868,8441,262,545767,766576,196588,126614,944786,240701,067750,314359,975
   > Total Current Liabilities 
335,882
646,846
552,858
604,088
498,726
436,535
439,291
602,121
856,518
519,668
519,668856,518602,121439,291436,535498,726604,088552,858646,846335,882
       Short-term Debt 
91,431
239,808
222,285
226,393
0
115,257
127,561
147,891
217,732
21,254
21,254217,732147,891127,561115,2570226,393222,285239,80891,431
       Short Long Term Debt 
91,431
239,808
310,825
319,237
0
115,257
127,561
0
0
0
000127,561115,2570319,237310,825239,80891,431
       Accounts payable 
200,670
377,185
286,017
314,906
308,640
273,894
252,723
0
0
0
000252,723273,894308,640314,906286,017377,185200,670
       Other Current Liabilities 
36,222
47,682
16,483
24,418
182,015
42,218
51,051
0
0
0
00051,05142,218182,01524,41816,48347,68236,222
   > Long-term Liabilities 
0
0
0
172,293
116,218
151,590
136,906
0
0
0
000136,906151,590116,218172,293000
       Long term Debt Total 
0
0
65,113
62,500
0
0
0
0
225,000
165,000
165,000225,000000062,50065,11300
       Long-term Liabilities Other 
0
0
0
0
0
-1
1
0
0
0
0001-100000
> Total Stockholder Equity
340,977
714,502
850,058
1,403,902
2,377,245
2,572,021
2,653,124
2,787,223
2,797,195
2,783,647
2,783,6472,797,1952,787,2232,653,1242,572,0212,377,2451,403,902850,058714,502340,977
   Common Stock
49,529
73,129
-703,800
73,129
82,026
82,026
82,026
82,026
80,331
80,331
80,33180,33182,02682,02682,02682,02673,129-703,80073,12949,529
   Retained Earnings 
267,472
617,397
1,529,882
1,330,773
2,295,219
1,805,257
1,893,182
2,020,134
2,129,449
2,117,709
2,117,7092,129,4492,020,1341,893,1821,805,2572,295,2191,330,7731,529,882617,397267,472
   Capital Surplus 
0
0
23,977
0
0
682,254
682,254
682,254
583,949
583,949
583,949583,949682,254682,254682,2540023,97700
   Treasury Stock0000000000
   Other Stockholders Equity 
0
0
0
0
0
2,484
-4,338
2,809
3,466
1,658
1,6583,4662,809-4,3382,48400000



6.4. Balance Sheets

Currency in INR. All numbers in thousands.




6.5. Cash Flows

Currency in INR. All numbers in thousands.




6.6. Income Statements

Currency in INR. All numbers in thousands.


6.7. Latest Income Statement

Income Statement (annual), 2023-03-31. Currency in INR. All numbers in thousands.

Gross Profit (+$)
totalRevenue3,346,786
Cost of Revenue-2,335,606
Gross Profit1,011,1801,011,180
 
Operating Income (+$)
Gross Profit1,011,180
Operating Expense-0
Operating Income25,6431,011,180
 
Operating Expense (+$)
Research Development0
Selling General Administrative842,145
Selling And Marketing Expenses0
Operating Expense0842,145
 
Net Interest Income (+$)
Interest Income26,263
Interest Expense-0
Other Finance Cost-26,263
Net Interest Income0
 
Pretax Income (+$)
Operating Income25,643
Net Interest Income0
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-4,99025,643
EBIT - interestExpense = 0
-9,421
-9,421
Interest Expense0
Earnings Before Interest and Taxes (EBIT)0-4,990
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax-4,990
Tax Provision-4,431
Net Income From Continuing Ops0-9,421
Net Income-9,421
Net Income Applicable To Common Shares-9,421
 
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 AksharChem (India) Limited
The psychology behind the price

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

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of AksharChem (India) Limited. The general trend of AksharChem (India) Limited is BULLISH with 42.9% 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 AksharChem (India) Limited's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

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

Indicator zone transitionsBullish trend (42.9%) Bearish trend (-42.9%)
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. AksharChem (India) Limited 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.

SupportΒ is a price level at which demand for an asset is strong enough to prevent the price from falling further.
ResistanceΒ 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 AksharChem (India) 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: 330.00 < 330.26 < 331.46.

The bearish price targets are: 293.90 > 285.05 > 270.30.

Know someone who trades $524598? Share this with them.πŸ‘‡

AksharChem (India) Limited Daily Support & Resistance Chart
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2. Trend Indicators

2.1 Moving Averages

Shows theΒ moving averageΒ of the selected period.

  • Moving averages are laggingΒ 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 AksharChem (India) Limited. The current mas is .

The long score for the Moving Averages is 10/14.
The longshort score for the Moving Averages is 6/(-14 +14).

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

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

Shows theΒ momentumΒ of theΒ selected period based on two moving averages.

  • MACD is aΒ lagging momentumΒ 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 AksharChem (India) Limited. The current macd is 10.96.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal 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 AksharChem (India) Limited price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for AksharChem (India) Limited. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the AksharChem (India) Limited price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
AksharChem (India) Limited Daily Moving Average Convergence/Divergence (MACD) ChartAksharChem (India) Limited Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

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


Score

Let's take a look at the Directional Movement Index (DMI) of AksharChem (India) Limited. The current adx is 49.84.

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

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy AksharChem (India) Limited shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.
AksharChem (India) Limited Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • ShowsΒ the current trend.
  • ShowsΒ potential entry signals.
  • ShowsΒ Β potential exit signals.
  • Can be used to placeΒ trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of AksharChem (India) Limited. The current sar is 250.30.

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

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
AksharChem (India) Limited Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentumΒ indicator, meaning the signals are instant.
  • RangesΒ 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 AksharChem (India) Limited. The current rsi is 76.42. The current phase is Overbought 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 0/(-13 +13).

  • Overbought in bull market: Short-term excessive buying, potential for pullback. Consider taking profits, be cautious of potential correction. -1
  • Trending up: The RSI is trending up. +1
AksharChem (India) Limited Daily Relative Strength Index (RSI) ChartAksharChem (India) Limited Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

ComparesΒ a certain price to multiple prices ranging over time.

  • LeadingΒ momentumΒ indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • RangesΒ 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 AksharChem (India) Limited. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the AksharChem (India) Limited price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
AksharChem (India) Limited Daily Stochastic Oscillator ChartAksharChem (India) Limited Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

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

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero,Β 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 AksharChem (India) Limited. The current cci is 184.29.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
AksharChem (India) Limited Daily Commodity Channel Index (CCI) ChartAksharChem (India) Limited Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

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

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

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of AksharChem (India) Limited. The current cmo is 68.48.

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

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
AksharChem (India) Limited Daily Chande Momentum Oscillator (CMO) ChartAksharChem (India) Limited Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

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

  • Lagging momentum indicator
  • Ranging between 0 andΒ -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 AksharChem (India) Limited. The current willr is -14.6250928.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
AksharChem (India) Limited Daily Williams %R ChartAksharChem (India) Limited Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

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

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

Score

Let's take a look at the Bollinger Bands of AksharChem (India) Limited.

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

Score

Let's take a look at the Average True Range (ATR) of AksharChem (India) Limited. The current atr is 12.65.

AksharChem (India) Limited Daily Average True Range (ATR) ChartAksharChem (India) Limited Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

Β 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 AksharChem (India) Limited. The current obv is 257,169.

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

Measures the flow of money in and out of a security

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

Score

Let's take a look at the Money Flow Index (MFI) of AksharChem (India) Limited. The current mfi is 95.55.

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
AksharChem (India) Limited Daily Money Flow Index (MFI) ChartAksharChem (India) Limited Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for AksharChem (India) Limited.

6.2. Trading Signals

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

DateIndicatorSignal
2025-02-05STOCH SHORT EXITThe %K line crosses above the %D line.
2025-02-07MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2025-02-10WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-02-11MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-02-12STOCH SHORT EXITThe %K line crosses above the %D line.
2025-02-13CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-02-14DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2025-02-17DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-02-19RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-02-25SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2025-02-27MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2025-02-28MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-03-03SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2025-03-04STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-07RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2025-03-10MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2025-03-11STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-03-12CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-03-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2025-03-17STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-18RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2025-03-19MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2025-03-20CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-03-21WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-03-24SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2025-03-25STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-03-26CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-03-27SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2025-03-28STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-01CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-04-02WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-04-03STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-04-07STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-08STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2025-04-11SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-16CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-04-17CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2025-04-21DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2025-04-22STOCH LONG EXITThe %K line crosses below the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2025-04-30CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-05-02CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-05-05CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-05-06STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-05-07SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-08MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-05-09MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-05-12SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI 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).
2025-05-13WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-05-15STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-16BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2025-05-20STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-21WILLR 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).
2025-05-22RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-27STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-28STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-30MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-06-02SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2025-06-03STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-06-04STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-05CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-06-10STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-06-12STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-16CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-06-17WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-06-18CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-06-19WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2025-06-20STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2025-06-23CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2025-06-24MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2025-06-27MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR 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
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2025-06-30ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-07-01STOCH LONG EXITThe %K line crosses below the %D line.
2025-07-02STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-07-04STOCH LONG EXITThe %K line crosses below the %D line.

6.3. Candlestick Patterns

AksharChem (India) Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5076.421
Ma 20Greater thanMa 50261.670
Ma 50Greater thanMa 100250.398
Ma 100Greater thanMa 200237.555
OpenGreater thanClose297.900
Total4/5 (80.0%)
Penke
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