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532527 (Ramkrishna Forgings Limited) Stock Analysis
Buy, Hold or Sell?

Let's analyze Ramkrishna Forgings Limited together

I guess you are interested in Ramkrishna Forgings 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) – Ramkrishna Forgings Limited’s Financial Insights
  • πŸ“ˆ Technical Analysis (TA) – Ramkrishna Forgings Limited’s Price Targets

I'm going to help you getting a better view of Ramkrishna Forgings 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 Ramkrishna Forgings Limited (30 sec.)










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

How much money do you get?

How much money do you get?
INR0.08
When do you have the money?
1 year
How often do you get paid?
90.0%

What is your share worth?

Current worth
INR82.67
Expected worth in 1 year
INR143.55
How sure are you?
90.0%

+ What do you gain per year?

Total Gains per Share
INR67.69
Return On Investment
10.2%

For what price can you sell your share?

Current Price per Share
INR666.15
Expected price per share
INR564.16 - INR884.45
How sure are you?
50%
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2. Detailed Analysis

2.1. Valuation of Ramkrishna Forgings Limited (5 min.)




Live pricePrice per Share (EOD)
INR666.15
Intrinsic Value Per Share
INR22.60 - INR33.12
Total Value Per Share
INR105.27 - INR115.78

2.2. Growth of Ramkrishna Forgings Limited (5 min.)




Is Ramkrishna Forgings Limited growing?

Current yearPrevious yearGrowGrow %
How rich?$154.6m$126.1m$28.4m18.4%

How much money is Ramkrishna Forgings Limited making?

Current yearPrevious yearGrowGrow %
Making money$29m$23.1m$5.8m20.2%
Net Profit Margin7.8%8.5%--

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

2.3. Financial Health of Ramkrishna Forgings Limited (5 min.)




2.4. Comparing to competitors in the Industrial Equipment Wholesale industry (5 min.)




  Industry Rankings (Industrial Equipment Wholesale)  

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3. Summary and Key Metrics

3.1. What can you expect buying and holding a share of Ramkrishna Forgings Limited?

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

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

Speculation

The Price per Share of Ramkrishna Forgings Limited is INR666.15. 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 Ramkrishna Forgings 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 Ramkrishna Forgings 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 INR82.67. Based on the TTM, the Book Value Change Per Share is INR15.22 per quarter. Based on the YOY, the Book Value Change Per Share is INR12.17 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is INR1.70 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Ramkrishna Forgings 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 Eps0.180.0%0.180.0%0.140.0%0.110.0%0.090.0%0.100.0%
Usd Book Value Change Per Share0.180.0%0.180.0%0.140.0%0.110.0%0.080.0%0.100.0%
Usd Dividend Per Share0.020.0%0.020.0%0.000.0%0.010.0%0.010.0%0.010.0%
Usd Total Gains Per Share0.200.0%0.200.0%0.150.0%0.120.0%0.090.0%0.100.0%
Usd Price Per Share3.35-3.35-1.84-3.77-3.84-4.32-
Price to Earnings Ratio18.45-18.45-12.72-145.01-152.32-157.14-
Price-to-Total Gains Ratio16.92-16.92-12.63-122.42-146.92-81.46-
Price to Book Ratio3.46-3.46-2.34-5.09-5.57-6.42-
Price-to-Total Gains Ratio16.92-16.92-12.63-122.42-146.92-81.46-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share7.793955
Number of shares128
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.020.01
Usd Book Value Change Per Share0.180.08
Usd Total Gains Per Share0.200.09
Gains per Quarter (128 shares)25.3411.57
Gains per Year (128 shares)101.3746.27
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
110919134336
22018219268782
3312742939130128
44136539412173174
55145649515216220
66154759618260266
77163869721303312
88172979824346358
99282189927389404
10102912100030433450

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%10.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%9.01.00.090.0%9.01.00.090.0%
Dividend per Share1.00.00.0100.0%2.00.01.066.7%4.00.01.080.0%9.00.01.090.0%9.00.01.090.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%9.01.00.090.0%9.01.00.090.0%
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3.2. Key Performance Indicators

The key performance indicators of Ramkrishna Forgings 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--15.22215.2220%12.168+25%9.646+58%7.223+111%8.267+84%
Book Value Per Share--82.66782.6670%67.446+23%68.464+21%62.527+32%76.698+8%
Current Ratio--1.2591.2590%1.270-1%1.204+5%1.150+9%1.064+18%
Debt To Asset Ratio--0.6460.6460%0.690-6%0.670-4%0.644+0%0.673-4%
Debt To Equity Ratio--1.8221.8220%2.230-18%2.039-11%1.837-1%2.126-14%
Dividend Per Share--1.7001.7000%0.300+467%0.667+155%0.500+240%0.705+141%
Enterprise Value--22154197825.00022154197825.0000%2064043550.000+973%30052158286.333-26%34690605579.300-36%32728632739.850-32%
Eps--15.51715.5170%12.385+25%9.732+59%7.432+109%8.725+78%
Ev To Sales Ratio--0.6940.6940%0.089+680%1.966-65%2.111-67%2.219-69%
Free Cash Flow Per Share--24.30024.3000%-16.060+166%0.839+2795%0.986+2365%-17.852+173%
Free Cash Flow To Equity Per Share---3.078-3.0780%1.464-310%0.620-596%0.433-811%-0.908-71%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--33.115----------
Intrinsic Value_10Y_min--22.599----------
Intrinsic Value_1Y_max--1.492----------
Intrinsic Value_1Y_min--1.211----------
Intrinsic Value_3Y_max--5.875----------
Intrinsic Value_3Y_min--4.572----------
Intrinsic Value_5Y_max--11.936----------
Intrinsic Value_5Y_min--8.932----------
Market Cap21204553725.000-116%45768380825.00045768380825.0000%25182602550.000+82%51474358953.000-11%52892737979.300-13%47493856339.850-4%
Net Profit Margin--0.0780.0780%0.085-9%0.060+30%0.050+56%0.050+54%
Operating Margin----0%-0%-0%0.070-100%0.098-100%
Operating Ratio--0.6140.6140%0.623-1%0.621-1%0.951-35%1.217-49%
Pb Ratio8.058+57%3.4633.4630%2.335+48%5.085-32%5.571-38%6.423-46%
Pe Ratio42.929+57%18.44718.4470%12.717+45%145.010-87%152.323-88%157.143-88%
Price Per Share666.150+57%286.250286.2500%157.500+82%322.183-11%328.300-13%369.270-22%
Price To Free Cash Flow Ratio27.414+57%11.78011.7800%-9.807+183%-29.799+353%134.709-91%164.919-93%
Price To Total Gains Ratio39.367+57%16.91616.9160%12.632+34%122.415-86%146.923-88%81.458-79%
Quick Ratio--0.5610.5610%0.732-23%0.631-11%0.597-6%0.570-1%
Return On Assets--0.0670.0670%0.057+17%0.044+52%0.038+75%0.033+99%
Return On Equity--0.1880.1880%0.184+2%0.132+43%0.109+73%0.102+84%
Total Gains Per Share--16.92216.9220%12.468+36%10.313+64%7.723+119%8.972+89%
Usd Book Value--154646294.400154646294.4000%126171103.500+23%128026614.300+21%117729874.080+31%87193349.100+77%
Usd Book Value Change Per Share--0.1780.1780%0.142+25%0.113+58%0.085+111%0.097+84%
Usd Book Value Per Share--0.9670.9670%0.789+23%0.801+21%0.732+32%0.897+8%
Usd Dividend Per Share--0.0200.0200%0.004+467%0.008+155%0.006+240%0.008+141%
Usd Enterprise Value--259204114.553259204114.5530%24149309.535+973%351610251.950-26%405880085.278-36%382925003.056-32%
Usd Eps--0.1820.1820%0.145+25%0.114+59%0.087+109%0.102+78%
Usd Free Cash Flow--45457893.00045457893.0000%-30044336.400+166%1575022.800+2786%1865235.060+2337%-5454252.180+112%
Usd Free Cash Flow Per Share--0.2840.2840%-0.188+166%0.010+2795%0.012+2365%-0.209+173%
Usd Free Cash Flow To Equity Per Share---0.036-0.0360%0.017-310%0.007-596%0.005-811%-0.011-71%
Usd Market Cap248093278.583-116%535490055.653535490055.6530%294636449.835+82%602249999.750-11%618845034.358-13%555678119.176-4%
Usd Price Per Share7.794+57%3.3493.3490%1.843+82%3.770-11%3.841-13%4.320-22%
Usd Profit--29028682.80029028682.8000%23169147.300+25%18205340.400+59%13960723.140+108%9841583.700+195%
Usd Revenue--373568726.700373568726.7000%271468852.200+38%265280878.200+41%232821152.460+60%170235470.340+119%
Usd Total Gains Per Share--0.1980.1980%0.146+36%0.121+64%0.090+119%0.105+89%
 EOD+2 -6MRQTTM+0 -0YOY+28 -93Y+26 -115Y+26 -1210Y+27 -11

3.3 Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1542.929
Price to Book Ratio (EOD)Between0-18.058
Net Profit Margin (MRQ)Greater than00.078
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.561
Current Ratio (MRQ)Greater than11.259
Debt to Asset Ratio (MRQ)Less than10.646
Debt to Equity Ratio (MRQ)Less than11.822
Return on Equity (MRQ)Greater than0.150.188
Return on Assets (MRQ)Greater than0.050.067
Total5/10 (50.0%)

3.4 Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5056.511
Ma 20Greater thanMa 50656.473
Ma 50Greater thanMa 100626.363
Ma 100Greater thanMa 200672.248
OpenGreater thanClose661.300
Total2/5 (40.0%)

4. In-depth Analysis

4.1 About Ramkrishna Forgings Limited

Ramkrishna Forgings Limited manufactures and supplies open and closed die forgings of carbon and alloy steel, micro alloy steel, and stainless steel in India and internationally. The company offers crown wheels/ring gears; I beams, crankshafts, connecting rods, knuckles, diff cases, center wedges, steering arms, tie rod arms, pitman arms, stub axles, recondition taper stationary plates, spides/crosses, brake flanges, brackets, wheel hubs, yokes, front engine mounting arms, tooth products, hammer bars, track links, bearing caps, counterweights, and ring gear carriers; and pinions, front hubs, prop shafts, counter shafts, rear axle shafts, coupling flanges, engaging gears, CM gears, speed gears, and clutch collars. It also provides screw couplings, bolster suspensions, side frame keys, and draw gear assemblies. The company offers its products for various industries and sectors, including automotive, earth moving and mining, farm equipment, general engineering, railways, steel plants, and oil exploration, as well as for OEMs. Ramkrishna Forgings Limited was founded in 1981 and is based in Kolkata, India.

Fundamental data was last updated by Penke on 2025-06-24 21:36:05.

4.2 In-depth Summary

4.2.1. Financial Health Summary

Profitability Details
 Compared to previous yearCompared to industry
The company is making a 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 efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just 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 able to pay all its debts by selling its assets.
The company is just 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 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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4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. Net Profit Margin

Measures how much net profitΒ Ramkrishna Forgings Limited earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compareΒ Ramkrishna Forgings Limited to theΒ Industrial Equipment Wholesale industry mean.
  • A Net Profit Margin of 7.8%Β means thatΒ ₹0.08 for each ₹1Β in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Ramkrishna Forgings Limited:

  • The MRQ is 7.8%. The company is making a profit. +1
  • The TTM is 7.8%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ7.8%TTM7.8%0.0%
TTM7.8%YOY8.5%-0.8%
TTM7.8%5Y5.0%+2.8%
5Y5.0%10Y5.0%0.0%
4.3.1.2. Return on Assets

Shows howΒ efficientΒ Ramkrishna Forgings Limited is using its assets to generate profit.

  • Above 5% is considered healthyΒ but always compareΒ Ramkrishna Forgings Limited to theΒ Industrial Equipment Wholesale industry mean.
  • 6.7% Return on Assets means thatΒ Ramkrishna Forgings Limited generatedΒ ₹0.07 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Ramkrishna Forgings Limited:

  • The MRQ is 6.7%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 6.7%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ6.7%TTM6.7%0.0%
TTM6.7%YOY5.7%+1.0%
TTM6.7%5Y3.8%+2.9%
5Y3.8%10Y3.3%+0.5%
4.3.1.3. Return on Equity

Shows how efficient Ramkrishna Forgings Limited is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compareΒ Ramkrishna Forgings Limited to theΒ Industrial Equipment Wholesale industry mean.
  • 18.8% Return on Equity means Ramkrishna Forgings Limited generated ₹0.19Β for eachΒ ₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Ramkrishna Forgings Limited:

  • The MRQ is 18.8%. Using its investors money, the company is efficient in making profit. +1
  • The TTM is 18.8%. Using its investors money, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ18.8%TTM18.8%0.0%
TTM18.8%YOY18.4%+0.4%
TTM18.8%5Y10.9%+7.9%
5Y10.9%10Y10.2%+0.7%
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4.3.2. Operating Efficiency of Ramkrishna Forgings Limited.

4.3.2. Operating Efficiency
4.3.2.1. Operating Margin

MeasuresΒ how efficient Ramkrishna Forgings Limited is operatingΒ .

  • Measures how much profit Ramkrishna Forgings 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 Ramkrishna Forgings Limited to theΒ Industrial Equipment Wholesale 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 Ramkrishna Forgings Limited:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y7.0%-7.0%
5Y7.0%10Y9.8%-2.7%
4.3.2.2. Operating Ratio

Measures how efficient Ramkrishna Forgings Limited is keepingΒ operating costsΒ low.

  • Below 1 is considered healthy (always compare toΒ Industrial Equipment Wholesale industry mean).
  • An Operation Ratio of 0.61 means that the operating costs are ₹0.61 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of Ramkrishna Forgings Limited:

  • The MRQ is 0.614. The company is efficient in keeping operating costs low. +1
  • The TTM is 0.614. The company is efficient in keeping operating costs low. +1
Trends
Current periodCompared to+/- 
MRQ0.614TTM0.6140.000
TTM0.614YOY0.623-0.009
TTM0.6145Y0.951-0.336
5Y0.95110Y1.217-0.266
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4.4.3. Liquidity of Ramkrishna Forgings Limited.

4.4.3. Liquidity
4.4.3.1. Current Ratio

Measures if Ramkrishna Forgings Limited is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare toΒ Industrial Equipment Wholesale industry mean).
  • A Current Ratio of 1.26Β means the company has ₹1.26 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of Ramkrishna Forgings Limited:

  • The MRQ is 1.259. The company is just able to pay all its short-term debts.
  • The TTM is 1.259. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.259TTM1.2590.000
TTM1.259YOY1.270-0.011
TTM1.2595Y1.150+0.109
5Y1.15010Y1.064+0.085
4.4.3.2. Quick Ratio

Measures if Ramkrishna Forgings Limited is able to pay off Short-term Debt but only usingΒ theΒ most liquid assets.

  • Above 1 is considered healthy butΒ always compareΒ Ramkrishna Forgings Limited to theΒ Industrial Equipment Wholesale industry mean.
  • A Quick Ratio of 0.56Β means the company can pay off ₹0.56 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Ramkrishna Forgings Limited:

  • The MRQ is 0.561. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.561. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.561TTM0.5610.000
TTM0.561YOY0.732-0.171
TTM0.5615Y0.597-0.036
5Y0.59710Y0.570+0.028
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4.5.4. Solvency of Ramkrishna Forgings Limited.

4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio

Measures how much %Β of Ramkrishna Forgings LimitedΒ assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compareΒ Ramkrishna Forgings Limited to Industrial Equipment Wholesale industry mean.
  • A Debt to Asset Ratio of 0.65Β means that Ramkrishna Forgings Limited assets areΒ financed with 64.6% credit (debt) and the remaining percentage (100% - 64.6%)Β is financed by its owners/shareholders.Β 

Let's take a look of the Debt to Asset Ratio trends of Ramkrishna Forgings Limited:

  • The MRQ is 0.646. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.646. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.646TTM0.6460.000
TTM0.646YOY0.690-0.045
TTM0.6465Y0.644+0.002
5Y0.64410Y0.673-0.029
4.5.4.2. Debt to Equity Ratio

Measures ifΒ Ramkrishna Forgings Limited is able toΒ pay off its debts by usingΒ shareholders equity.

  • Below 2 is considered healthy butΒ always compareΒ Ramkrishna Forgings Limited to theΒ Industrial Equipment Wholesale industry mean.
  • A Debt to Equity ratio of 182.2% means that company has ₹1.82 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Ramkrishna Forgings Limited:

  • The MRQ is 1.822. The company is just able to pay all its debts with equity.
  • The TTM is 1.822. The company is just able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.822TTM1.8220.000
TTM1.822YOY2.230-0.408
TTM1.8225Y1.837-0.014
5Y1.83710Y2.126-0.290
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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 Ramkrishna Forgings Limited generates.

  • Above 15 is considered overpriced butΒ always compareΒ Ramkrishna Forgings Limited to theΒ Industrial Equipment Wholesale industry mean.
  • A PE ratio of 18.45 means the investor is paying ₹18.45Β for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Ramkrishna Forgings Limited:

  • The EOD is 42.929. Based on the earnings, the company is overpriced. -1
  • The MRQ is 18.447. Based on the earnings, the company is fair priced.
  • The TTM is 18.447. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD42.929MRQ18.447+24.482
MRQ18.447TTM18.4470.000
TTM18.447YOY12.717+5.730
TTM18.4475Y152.323-133.876
5Y152.32310Y157.143-4.821
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 Ramkrishna Forgings Limited:

  • The EOD is 27.414. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 11.780. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 11.780. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD27.414MRQ11.780+15.634
MRQ11.780TTM11.7800.000
TTM11.780YOY-9.807+21.587
TTM11.7805Y134.709-122.929
5Y134.70910Y164.919-30.211
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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 Ramkrishna Forgings Limited is to cheap or to expensiveΒ compared to its book value.

  • At or below 1 is considered healthyΒ (always compare to Industrial Equipment Wholesale industry mean).
  • A PB ratio of 3.46 means the investor is paying ₹3.46Β for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of Ramkrishna Forgings Limited:

  • The EOD is 8.058. Based on the equity, the company is overpriced. -1
  • The MRQ is 3.463. Based on the equity, the company is fair priced.
  • The TTM is 3.463. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD8.058MRQ3.463+4.596
MRQ3.463TTM3.4630.000
TTM3.463YOY2.335+1.127
TTM3.4635Y5.571-2.109
5Y5.57110Y6.423-0.852
4.6.2. Total Gains per Share
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6. Financial Statements




6.1. Latest Balance Sheet

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

Summary
Total Assets37,304,369
Total Liabilities24,086,737
Total Stockholder Equity13,217,632
 As reported
Total Liabilities 24,086,737
Total Stockholder Equity+ 13,217,632
Total Assets = 37,304,369

Assets

Total Assets37,304,369
Total Current Assets18,503,946
Long-term Assets0
Total Current Assets
Cash And Cash Equivalents 445,259
Short-term Investments 27,295
Net Receivables 7,752,175
Inventory 9,344,763
Other Current Assets 72,645
Total Current Assets  (as reported)18,503,946
Total Current Assets  (calculated)17,642,137
+/- 861,809
Long-term Assets
Property Plant Equipment 17,773,537
Goodwill 50,319
Intangible Assets 10,439
Long-term Assets  (as reported)0
Long-term Assets  (calculated)17,834,295
+/- 17,834,295

Liabilities & Shareholders' Equity

Total Current Liabilities14,702,065
Long-term Liabilities0
Total Stockholder Equity13,217,632
Total Current Liabilities
Short-term Debt 3,806,249
Total Current Liabilities  (as reported)14,702,065
Total Current Liabilities  (calculated)3,806,249
+/- 10,895,816
Long-term Liabilities
Long term Debt Total 7,781,259
Capital Lease Obligations Min Short Term Debt-3,806,249
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)3,975,010
+/- 3,975,010
Total Stockholder Equity
Common Stock319,779
Retained Earnings 9,119,824
Capital Surplus 3,701,733
Other Stockholders Equity 1,423
Total Stockholder Equity (as reported)13,217,632
Total Stockholder Equity (calculated)13,142,759
+/- 74,873
Other
Cash And Equivalents27,754
Cash and Short Term Investments 472,554
Common Stock Shares Outstanding 159,890
Liabilities and Stockholders Equity 37,304,369
Net Working Capital 3,801,881



6.2. 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 
10,305,242
14,423,809
17,034,979
18,579,291
20,563,562
22,004,917
22,287,935
27,044,056
34,836,306
37,304,369
37,304,36934,836,30627,044,05622,287,93522,004,91720,563,56218,579,29117,034,97914,423,80910,305,242
   > Total Current Assets 
3,541,368
5,447,847
6,179,645
7,514,543
9,035,401
9,032,684
7,917,961
11,537,231
18,064,955
18,503,946
18,503,94618,064,95511,537,2317,917,9619,032,6849,035,4017,514,5436,179,6455,447,8473,541,368
       Cash And Cash Equivalents 
152,733
12,156
14,205
5,648
4,251
21,093
26,462
673,454
361,738
445,259
445,259361,738673,45426,46221,0934,2515,64814,20512,156152,733
       Short-term Investments 
0
0
0
8,575
182,824
21,760
75,227
10,892
572,154
27,295
27,295572,15410,89275,22721,760182,8248,575000
       Net Receivables 
1,430,594
3,122,452
3,881,303
4,437,922
5,146,576
5,095,949
3,426,853
5,688,098
8,906,105
7,752,175
7,752,1758,906,1055,688,0983,426,8535,095,9495,146,5764,437,9223,881,3033,122,4521,430,594
       Inventory 
1,571,347
1,756,055
1,603,370
2,446,128
3,095,474
3,481,739
3,749,049
4,596,612
7,310,507
9,344,763
9,344,7637,310,5074,596,6123,749,0493,481,7393,095,4742,446,1281,603,3701,756,0551,571,347
       Other Current Assets 
370,692
525,850
12,406
7,716
3,235
89,406
2,695
12,984
14,715
72,645
72,64514,71512,9842,69589,4063,2357,71612,406525,850370,692
   > Long-term Assets 
0
0
0
10,606,762
11,522,237
12,932,717
14,369,974
0
0
0
00014,369,97412,932,71711,522,23710,606,762000
       Property Plant Equipment 
5,813,842
8,393,557
10,406,735
10,661,892
11,116,206
12,370,029
13,875,671
15,100,682
15,963,968
17,773,537
17,773,53715,963,96815,100,68213,875,67112,370,02911,116,20610,661,89210,406,7358,393,5575,813,842
       Goodwill 
50,319
50,319
50,319
50,319
50,319
50,319
50,319
50,319
50,319
50,319
50,31950,31950,31950,31950,31950,31950,31950,31950,31950,319
       Long Term Investments 
1,050
1,050
1,050
1,050
0
0
0
0
0
0
0000001,0501,0501,0501,050
       Intangible Assets 
30,929
36,044
28,292
35,767
25,263
14,564
9,655
8,908
12,529
10,439
10,43912,5298,9089,65514,56425,26335,76728,29236,04430,929
       Long-term Assets Other 
0
0
0
0
5,181
115
1
0
0
0
00011155,1810000
> Total Liabilities 
7,088,034
10,320,583
12,415,454
13,892,739
12,977,755
13,280,348
13,527,929
18,218,206
24,052,451
24,086,737
24,086,73724,052,45118,218,20613,527,92913,280,34812,977,75513,892,73912,415,45410,320,5837,088,034
   > Total Current Liabilities 
3,197,312
5,499,606
6,876,591
9,131,425
8,389,191
7,930,101
7,935,713
10,656,606
14,227,603
14,702,065
14,702,06514,227,60310,656,6067,935,7137,930,1018,389,1919,131,4256,876,5915,499,6063,197,312
       Short-term Debt 
5,114,432
7,347,000
3,707,037
4,518,022
3,669,900
3,622,552
4,017,683
4,652,590
5,872,605
3,806,249
3,806,2495,872,6054,652,5904,017,6833,622,5523,669,9004,518,0223,707,0377,347,0005,114,432
       Short Long Term Debt 
5,114,432
7,347,000
8,819,713
8,750,581
4,589,626
4,535,217
5,096,210
0
0
0
0005,096,2104,535,2174,589,6268,750,5818,819,7137,347,0005,114,432
       Accounts payable 
1,147,714
1,555,758
1,757,312
2,947,490
3,007,070
2,790,629
2,139,623
0
0
0
0002,139,6232,790,6293,007,0702,947,4901,757,3121,555,7581,147,714
       Other Current Liabilities 
419,112
880,453
734,272
651,619
566,434
289,443
418,494
0
0
0
000418,494289,443566,434651,619734,272880,453419,112
   > Long-term Liabilities 
0
0
0
5,028,612
4,582,640
5,330,678
5,592,216
0
0
0
0005,592,2165,330,6784,582,6405,028,612000
       Long term Debt Total 
0
0
4,987,627
4,233,111
3,860,783
4,581,570
4,827,409
6,737,786
8,918,971
7,781,259
7,781,2598,918,9716,737,7864,827,4094,581,5703,860,7834,233,1114,987,62700
       Capital Lease Obligations 
0
0
0
0
0
0
43,363
0
0
0
00043,363000000
       Long-term Liabilities Other 
0
0
0
114,314
382,621
177,313
0
0
0
0
0000177,313382,621114,314000
> Total Stockholder Equity
3,217,208
4,103,226
4,619,525
4,686,552
7,585,807
8,724,569
8,760,006
8,825,850
10,783,855
13,217,632
13,217,63210,783,8558,825,8508,760,0068,724,5697,585,8074,686,5524,619,5254,103,2263,217,208
   Common Stock
260,994
274,699
286,699
286,699
325,915
326,068
326,077
326,077
319,779
319,779
319,779319,779326,077326,077326,068325,915286,699286,699274,699260,994
   Retained Earnings 
1,015,908
1,704,076
2,446,242
2,490,379
3,399,518
4,529,692
4,564,275
4,747,403
6,683,978
9,119,824
9,119,8246,683,9784,747,4034,564,2754,529,6923,399,5182,490,3792,446,2421,704,0761,015,908
   Capital Surplus 
0
0
1,871,981
1,871,981
3,800,541
3,806,524
3,806,856
3,684,105
3,701,733
3,701,733
3,701,7333,701,7333,684,1053,806,8563,806,5243,800,5411,871,9811,871,98100
   Treasury Stock00-6,7500000000
   Other Stockholders Equity 
400,783
420,468
364,848
368,581
414,434
416,886
417,399
3,228
3,492
1,423
1,4233,4923,228417,399416,886414,434368,581364,848420,468400,783



6.3. Balance Sheets

Currency in INR. All numbers in thousands.




6.4. Cash Flows

Currency in INR. All numbers in thousands.




6.5. Income Statements

Currency in INR. All numbers in thousands.


6.6. Latest Income Statement

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

Gross Profit (+$)
totalRevenue31,928,951
Cost of Revenue-19,619,703
Gross Profit12,309,24812,309,248
 
Operating Income (+$)
Gross Profit12,309,248
Operating Expense-0
Operating Income5,025,11212,309,248
 
Operating Expense (+$)
Research Development0
Selling General Administrative4,920,736
Selling And Marketing Expenses0
Operating Expense04,920,736
 
Net Interest Income (+$)
Interest Income1,287,535
Interest Expense-0
Other Finance Cost-1,287,535
Net Interest Income0
 
Pretax Income (+$)
Operating Income5,025,112
Net Interest Income0
Other Non-Operating Income Expenses0
Income Before Tax (EBT)3,744,3825,025,112
EBIT - interestExpense = 0
2,481,084
2,481,084
Interest Expense0
Earnings Before Interest and Taxes (EBIT)03,744,382
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax3,744,382
Tax Provision-1,263,298
Net Income From Continuing Ops02,481,084
Net Income2,481,084
Net Income Applicable To Common Shares2,481,084
 
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 Ramkrishna Forgings 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 Ramkrishna Forgings Limited. The general trend of Ramkrishna Forgings Limited is BEARISH 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 Ramkrishna Forgings 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. Ramkrishna Forgings 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 Ramkrishna Forgings 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: 822.78 < 881.56 < 884.45.

The bearish price targets are: 620.95 > 605.74 > 564.16.

Know someone who trades $532527? Share this with them.πŸ‘‡

Ramkrishna Forgings 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 Ramkrishna Forgings Limited. The current mas is .

The long score for the Moving Averages is 4/14.
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 lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 < MA 100: The MA 50 is lower 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 below 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

Ramkrishna Forgings 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 Ramkrishna Forgings Limited. The current macd is 10.22.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-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 Ramkrishna Forgings 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 Ramkrishna Forgings 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 Ramkrishna Forgings 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 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
Ramkrishna Forgings Limited Daily Moving Average Convergence/Divergence (MACD) ChartRamkrishna Forgings 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 Ramkrishna Forgings Limited. The current adx is 15.41.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-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 Ramkrishna Forgings Limited shares, leading to potential upward 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.
Ramkrishna Forgings 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 Ramkrishna Forgings Limited. The current sar is 638.40.

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
Ramkrishna Forgings 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 Ramkrishna Forgings Limited. The current rsi is 56.51. The current phase is Correction in bear market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Correction in bear market: Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
  • Trending up: The RSI is trending up. +1
Ramkrishna Forgings Limited Daily Relative Strength Index (RSI) ChartRamkrishna Forgings 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 Ramkrishna Forgings Limited. The current phase is Correction in bear market.

The long score for the Stochastic Oscillator is 2/6.
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 %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 Ramkrishna Forgings Limited price going down in the near term. -2
  • Trending up: The STOCH %K is trending up. +1
Ramkrishna Forgings Limited Daily Stochastic Oscillator ChartRamkrishna Forgings 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 Ramkrishna Forgings Limited. The current cci is 39.31.

Ramkrishna Forgings Limited Daily Commodity Channel Index (CCI) ChartRamkrishna Forgings 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 Ramkrishna Forgings Limited. The current cmo is 14.36.

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
Ramkrishna Forgings Limited Daily Chande Momentum Oscillator (CMO) ChartRamkrishna Forgings 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 Ramkrishna Forgings Limited. The current willr is -36.2931642.

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

Ramkrishna Forgings 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 Ramkrishna Forgings Limited. The current atr is 23.06.

Ramkrishna Forgings Limited Daily Average True Range (ATR) ChartRamkrishna Forgings 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 Ramkrishna Forgings Limited. The current obv is 7,215,560.

Ramkrishna Forgings Limited Daily On-Balance Volume (OBV) ChartRamkrishna Forgings 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 Ramkrishna Forgings Limited. The current mfi is 74.75.

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

  • MFI > 50: +1
Ramkrishna Forgings Limited Daily Money Flow Index (MFI) ChartRamkrishna Forgings Limited Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Ramkrishna Forgings 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
2025-02-07STOCH LONG EXITThe %K line crosses below the %D line.
2025-02-11CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-02-12STOCH SHORT EXITThe %K line crosses above the %D line.
2025-02-13MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2025-02-14STOCH LONG EXITThe %K line crosses below the %D line.
2025-02-17STOCH SHORT EXITThe %K line crosses above the %D line.
2025-02-19SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2025-02-20MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2025-02-25STOCH LONG EXITThe %K line crosses below the %D line.
2025-02-28SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2025-03-03CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-03-04STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-06CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-03-07SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-03-10STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-03-13STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-17CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-03-18CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-03-19DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-03-20STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-21STOCH SHORT EXITThe %K line crosses above the %D line.
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).
2025-03-24RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2025-03-26MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2025-04-01SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2025-04-03CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-04-04MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2025-04-07DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-04-15CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-04-16SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2025-04-17STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-04-22CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-04-24STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-25STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2025-04-28SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2025-04-29WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-05-05STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-06STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-08MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2025-05-09STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-12MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2025-05-14RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2025-05-15MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-05-19CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-05-21STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-23STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-26STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-29MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2025-05-30STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-02MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2025-06-03STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-04WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-06-05SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-06DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-06-09WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2025-06-11STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2025-06-13DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2025-06-18CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-06-19STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-06-20SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-06-23MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2025-06-24STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-06-25DMI 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.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-06-26MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2025-06-27STOCH LONG EXITThe %K line crosses below the %D line.

6.3. Candlestick Patterns

Ramkrishna Forgings Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5056.511
Ma 20Greater thanMa 50656.473
Ma 50Greater thanMa 100626.363
Ma 100Greater thanMa 200672.248
OpenGreater thanClose661.300
Total2/5 (40.0%)
Penke
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