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BALKRISHNA INDUSTRIES LTD.-$
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PenkeI guess you are interested in BALKRISHNA INDUSTRIES LTD.-$. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of BALKRISHNA INDUSTRIES LTD.-$. 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.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of BALKRISHNA INDUSTRIES LTD.-$ (30 sec.)










What can you expect buying and holding a share of BALKRISHNA INDUSTRIES LTD.-$? (30 sec.)

How much money do you get?

How much money do you get?
INR0.77
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
INR390.91
Expected worth in 1 year
INR520.01
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
INR193.05
Return On Investment
8.3%

For what price can you sell your share?

Current Price per Share
INR2,318.00
Expected price per share
INR2,194 - INR2,474
How sure are you?
50%

1. Valuation of BALKRISHNA INDUSTRIES LTD.-$ (5 min.)




Live pricePrice per Share (EOD)

INR2,318.00

Intrinsic Value Per Share

INR-397.51 - INR-40.99

Total Value Per Share

INR-6.61 - INR349.92

2. Growth of BALKRISHNA INDUSTRIES LTD.-$ (5 min.)




Is BALKRISHNA INDUSTRIES LTD.-$ growing?

Current yearPrevious yearGrowGrow %
How rich?$906.8m$831.9m$74.8m8.3%

How much money is BALKRISHNA INDUSTRIES LTD.-$ making?

Current yearPrevious yearGrowGrow %
Making money$126.8m$172.2m-$45.3m-35.7%
Net Profit Margin11.0%17.5%--

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

3. Financial Health of BALKRISHNA INDUSTRIES LTD.-$ (5 min.)




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




  Industry Rankings (Auto Parts)  


Richest
#100 / 564

Most Revenue
#62 / 564

Most Profit
#32 / 564

What can you expect buying and holding a share of BALKRISHNA INDUSTRIES LTD.-$? (5 min.)

Welcome investor! BALKRISHNA INDUSTRIES LTD.-$'s management wants to use your money to grow the business. In return you get a share of BALKRISHNA INDUSTRIES LTD.-$.

What can you expect buying and holding a share of BALKRISHNA INDUSTRIES LTD.-$?

First you should know what it really means to hold a share of BALKRISHNA INDUSTRIES LTD.-$. And how you can make/lose money.

Speculation

The Price per Share of BALKRISHNA INDUSTRIES LTD.-$ is INR2,318. 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 BALKRISHNA INDUSTRIES LTD.-$.
  • 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 BALKRISHNA INDUSTRIES LTD.-$, 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 INR390.91. Based on the TTM, the Book Value Change Per Share is INR32.27 per quarter. Based on the YOY, the Book Value Change Per Share is INR48.27 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 INR15.99 per quarter.
Based on historical numbers we can estimate the returns while holding a share of BALKRISHNA INDUSTRIES LTD.-$.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps0.660.0%0.660.0%0.890.0%0.670.0%0.570.0%
Usd Book Value Change Per Share0.390.0%0.390.0%0.580.0%0.430.0%0.590.0%
Usd Dividend Per Share0.190.0%0.190.0%0.200.0%0.190.0%0.140.0%
Usd Total Gains Per Share0.580.0%0.580.0%0.780.0%0.620.0%0.730.0%
Usd Price Per Share23.42-23.42-25.66-18.16-15.98-
Price to Earnings Ratio35.68-35.68-28.80-26.60-28.24-
Price-to-Total Gains Ratio40.44-40.44-32.77-28.68-26.39-
Price to Book Ratio4.99-4.99-5.96-4.72-5.08-
Price-to-Total Gains Ratio40.44-40.44-32.77-28.68-26.39-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share27.816
Number of shares35
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.190.19
Usd Book Value Change Per Share0.390.43
Usd Total Gains Per Share0.580.62
Gains per Quarter (35 shares)20.2721.85
Gains per Year (35 shares)81.0887.42
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1275471276077
25410815254121164
38116323381181251
4107217314108241338
5134271395135302425
6161325476162362512
7188380557189423599
8215434638216483686
9242488719243543773
10269542800270604860

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%8.00.00.0100.0%8.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%8.00.00.0100.0%8.00.00.0100.0%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%8.00.00.0100.0%8.00.00.0100.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%8.00.00.0100.0%8.00.00.0100.0%

Fundamentals of BALKRISHNA INDUSTRIES LTD.-$

About BALKRISHNA INDUSTRIES LTD.-$

Balkrishna Industries Limited manufactures and sells tires in India, Europe, North America, and internationally. It provides off-highway tires for use in various applications, such as agricultural, construction, earthmoving, port, and mining industries. The company was incorporated in 1961 and is headquartered in Mumbai, India.

Fundamental data was last updated by Penke on 2024-03-23 07:08:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is inefficient 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 very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is fair priced.
Based on the earnings, the company is overpriced.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of BALKRISHNA INDUSTRIES LTD.-$.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit BALKRISHNA INDUSTRIES LTD.-$ earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare BALKRISHNA INDUSTRIES LTD.-$ to the Auto Parts industry mean.
  • A Net Profit Margin of 11.0% means that ₹0.11 for each ₹1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of BALKRISHNA INDUSTRIES LTD.-$:

  • The MRQ is 11.0%. The company is making a huge profit. +2
  • The TTM is 11.0%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ11.0%TTM11.0%0.0%
TTM11.0%YOY17.5%-6.5%
TTM11.0%5Y17.0%-6.0%
5Y17.0%10Y16.9%+0.1%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ11.0%3.9%+7.1%
TTM11.0%3.6%+7.4%
YOY17.5%3.5%+14.0%
5Y17.0%2.9%+14.1%
10Y16.9%4.0%+12.9%
1.1.2. Return on Assets

Shows how efficient BALKRISHNA INDUSTRIES LTD.-$ is using its assets to generate profit.

  • Above 5% is considered healthy but always compare BALKRISHNA INDUSTRIES LTD.-$ to the Auto Parts industry mean.
  • 8.6% Return on Assets means that BALKRISHNA INDUSTRIES LTD.-$ generated ₹0.09 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of BALKRISHNA INDUSTRIES LTD.-$:

  • The MRQ is 8.6%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 8.6%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ8.6%TTM8.6%0.0%
TTM8.6%YOY13.1%-4.5%
TTM8.6%5Y12.4%-3.9%
5Y12.4%10Y11.9%+0.5%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ8.6%1.2%+7.4%
TTM8.6%1.0%+7.6%
YOY13.1%1.0%+12.1%
5Y12.4%0.9%+11.5%
10Y11.9%1.2%+10.7%
1.1.3. Return on Equity

Shows how efficient BALKRISHNA INDUSTRIES LTD.-$ is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare BALKRISHNA INDUSTRIES LTD.-$ to the Auto Parts industry mean.
  • 14.0% Return on Equity means BALKRISHNA INDUSTRIES LTD.-$ generated ₹0.14 for each ₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of BALKRISHNA INDUSTRIES LTD.-$:

  • The MRQ is 14.0%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 14.0%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ14.0%TTM14.0%0.0%
TTM14.0%YOY20.7%-6.7%
TTM14.0%5Y18.0%-4.0%
5Y18.0%10Y18.1%0.0%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ14.0%2.4%+11.6%
TTM14.0%2.2%+11.8%
YOY20.7%2.1%+18.6%
5Y18.0%1.8%+16.2%
10Y18.1%2.3%+15.8%

1.2. Operating Efficiency of BALKRISHNA INDUSTRIES LTD.-$.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient BALKRISHNA INDUSTRIES LTD.-$ is operating .

  • Measures how much profit BALKRISHNA INDUSTRIES LTD.-$ makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare BALKRISHNA INDUSTRIES LTD.-$ to the Auto Parts industry mean.
  • An Operating Margin of 11.8% means the company generated ₹0.12  for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of BALKRISHNA INDUSTRIES LTD.-$:

  • The MRQ is 11.8%. The company is operating less efficient.
  • The TTM is 11.8%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ11.8%TTM11.8%0.0%
TTM11.8%YOY18.9%-7.1%
TTM11.8%5Y18.8%-6.9%
5Y18.8%10Y16.8%+1.9%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ11.8%6.0%+5.8%
TTM11.8%3.5%+8.3%
YOY18.9%4.5%+14.4%
5Y18.8%4.9%+13.9%
10Y16.8%4.8%+12.0%
1.2.2. Operating Ratio

Measures how efficient BALKRISHNA INDUSTRIES LTD.-$ is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Auto Parts industry mean).
  • An Operation Ratio of 1.45 means that the operating costs are ₹1.45 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of BALKRISHNA INDUSTRIES LTD.-$:

  • The MRQ is 1.452. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.452. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.452TTM1.4520.000
TTM1.452YOY1.331+0.121
TTM1.4525Y1.325+0.127
5Y1.32510Y1.215+0.110
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ1.4521.618-0.166
TTM1.4521.616-0.164
YOY1.3311.623-0.292
5Y1.3251.568-0.243
10Y1.2151.278-0.063

1.3. Liquidity of BALKRISHNA INDUSTRIES LTD.-$.

1.3. Liquidity
1.3.1. Current Ratio

Measures if BALKRISHNA INDUSTRIES LTD.-$ is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Auto Parts industry mean).
  • A Current Ratio of 1.17 means the company has ₹1.17 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of BALKRISHNA INDUSTRIES LTD.-$:

  • The MRQ is 1.173. The company is just able to pay all its short-term debts.
  • The TTM is 1.173. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.173TTM1.1730.000
TTM1.173YOY1.204-0.031
TTM1.1735Y1.322-0.150
5Y1.32210Y1.263+0.059
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ1.1731.650-0.477
TTM1.1731.648-0.475
YOY1.2041.604-0.400
5Y1.3221.579-0.257
10Y1.2631.351-0.088
1.3.2. Quick Ratio

Measures if BALKRISHNA INDUSTRIES LTD.-$ is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare BALKRISHNA INDUSTRIES LTD.-$ to the Auto Parts industry mean.
  • A Quick Ratio of 0.56 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 BALKRISHNA INDUSTRIES LTD.-$:

  • The MRQ is 0.564. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.564. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.564TTM0.5640.000
TTM0.564YOY0.550+0.014
TTM0.5645Y0.833-0.269
5Y0.83310Y0.856-0.023
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5640.695-0.131
TTM0.5640.713-0.149
YOY0.5500.742-0.192
5Y0.8330.752+0.081
10Y0.8560.782+0.074

1.4. Solvency of BALKRISHNA INDUSTRIES LTD.-$.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of BALKRISHNA INDUSTRIES LTD.-$ assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare BALKRISHNA INDUSTRIES LTD.-$ to Auto Parts industry mean.
  • A Debt to Asset Ratio of 0.39 means that BALKRISHNA INDUSTRIES LTD.-$ assets are financed with 38.8% credit (debt) and the remaining percentage (100% - 38.8%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of BALKRISHNA INDUSTRIES LTD.-$:

  • The MRQ is 0.388. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.388. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.388TTM0.3880.000
TTM0.388YOY0.369+0.019
TTM0.3885Y0.314+0.074
5Y0.31410Y0.343-0.030
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3880.497-0.109
TTM0.3880.497-0.109
YOY0.3690.497-0.128
5Y0.3140.495-0.181
10Y0.3430.487-0.144
1.4.2. Debt to Equity Ratio

Measures if BALKRISHNA INDUSTRIES LTD.-$ is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare BALKRISHNA INDUSTRIES LTD.-$ to the Auto Parts industry mean.
  • A Debt to Equity ratio of 63.4% means that company has ₹0.63 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of BALKRISHNA INDUSTRIES LTD.-$:

  • The MRQ is 0.634. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.634. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.634TTM0.6340.000
TTM0.634YOY0.584+0.050
TTM0.6345Y0.466+0.168
5Y0.46610Y0.544-0.078
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6341.014-0.380
TTM0.6341.021-0.387
YOY0.5841.031-0.447
5Y0.4661.045-0.579
10Y0.5441.047-0.503

2. Market Valuation of BALKRISHNA INDUSTRIES LTD.-$

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ₹1 in earnings BALKRISHNA INDUSTRIES LTD.-$ generates.

  • Above 15 is considered overpriced but always compare BALKRISHNA INDUSTRIES LTD.-$ to the Auto Parts industry mean.
  • A PE ratio of 35.68 means the investor is paying ₹35.68 for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of BALKRISHNA INDUSTRIES LTD.-$:

  • The EOD is 42.378. Based on the earnings, the company is overpriced. -1
  • The MRQ is 35.682. Based on the earnings, the company is overpriced. -1
  • The TTM is 35.682. Based on the earnings, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD42.378MRQ35.682+6.697
MRQ35.682TTM35.6820.000
TTM35.682YOY28.799+6.882
TTM35.6825Y26.604+9.077
5Y26.60410Y28.235-1.631
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
EOD42.37812.654+29.724
MRQ35.68211.732+23.950
TTM35.68212.570+23.112
YOY28.79915.239+13.560
5Y26.60416.913+9.691
10Y28.23521.344+6.891
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of BALKRISHNA INDUSTRIES LTD.-$:

  • The EOD is -142.483. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -119.967. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -119.967. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-142.483MRQ-119.967-22.516
MRQ-119.967TTM-119.9670.000
TTM-119.967YOY-60.150-59.817
TTM-119.9675Y35.326-155.293
5Y35.32610Y36.835-1.509
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
EOD-142.4835.527-148.010
MRQ-119.9675.007-124.974
TTM-119.9673.626-123.593
YOY-60.1501.231-61.381
5Y35.3262.384+32.942
10Y36.8352.661+34.174
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of BALKRISHNA INDUSTRIES LTD.-$ is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Auto Parts industry mean).
  • A PB ratio of 4.99 means the investor is paying ₹4.99 for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of BALKRISHNA INDUSTRIES LTD.-$:

  • The EOD is 5.930. Based on the equity, the company is overpriced. -1
  • The MRQ is 4.993. Based on the equity, the company is fair priced.
  • The TTM is 4.993. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD5.930MRQ4.993+0.937
MRQ4.993TTM4.9930.000
TTM4.993YOY5.962-0.970
TTM4.9935Y4.717+0.275
5Y4.71710Y5.077-0.359
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
EOD5.9301.518+4.412
MRQ4.9931.481+3.512
TTM4.9931.516+3.477
YOY5.9621.620+4.342
5Y4.7171.700+3.017
10Y5.0772.210+2.867
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of BALKRISHNA INDUSTRIES LTD.-$ compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--32.27432.2740%48.272-33%35.936-10%48.864-34%
Book Value Per Share--390.908390.9080%358.634+9%311.940+25%262.217+49%
Current Ratio--1.1731.1730%1.204-3%1.322-11%1.263-7%
Debt To Asset Ratio--0.3880.3880%0.369+5%0.314+24%0.343+13%
Debt To Equity Ratio--0.6340.6340%0.584+9%0.466+36%0.544+17%
Dividend Per Share--15.98915.9890%16.985-6%16.098-1%11.853+35%
Eps--54.69854.6980%74.250-26%55.904-2%47.215+16%
Free Cash Flow Per Share---16.269-16.2690%-35.550+119%-1.233-92%11.005-248%
Free Cash Flow To Equity Per Share--2.2782.2780%15.162-85%4.162-45%2.296-1%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---40.986--------
Intrinsic Value_10Y_min---397.514--------
Intrinsic Value_1Y_max---1.857--------
Intrinsic Value_1Y_min---17.818--------
Intrinsic Value_3Y_max---7.294--------
Intrinsic Value_3Y_min---72.922--------
Intrinsic Value_5Y_max---14.799--------
Intrinsic Value_5Y_min---148.849--------
Market Cap448108787456.000+16%377297159723.000377297159723.0000%413379813236.500-9%292533371423.700+29%257454985132.125+47%
Net Profit Margin--0.1100.1100%0.175-37%0.170-36%0.169-35%
Operating Margin--0.1180.1180%0.189-37%0.188-37%0.168-30%
Operating Ratio--1.4521.4520%1.331+9%1.325+10%1.215+19%
Pb Ratio5.930+16%4.9934.9930%5.962-16%4.717+6%5.077-2%
Pe Ratio42.378+16%35.68235.6820%28.799+24%26.604+34%28.235+26%
Price Per Share2318.000+16%1951.7001951.7000%2138.350-9%1513.230+29%1331.775+47%
Price To Free Cash Flow Ratio-142.483-19%-119.967-119.9670%-60.150-50%35.326-440%36.835-426%
Price To Total Gains Ratio48.028+16%40.43940.4390%32.768+23%28.675+41%26.393+53%
Quick Ratio--0.5640.5640%0.550+3%0.833-32%0.856-34%
Return On Assets--0.0860.0860%0.131-34%0.124-31%0.119-28%
Return On Equity--0.1400.1400%0.207-32%0.180-22%0.181-22%
Total Gains Per Share--48.26348.2630%65.257-26%52.035-7%60.716-21%
Usd Book Value--906831600.000906831600.0000%831961200.000+9%723640800.000+25%608291700.000+49%
Usd Book Value Change Per Share--0.3870.3870%0.579-33%0.431-10%0.586-34%
Usd Book Value Per Share--4.6914.6910%4.304+9%3.743+25%3.147+49%
Usd Dividend Per Share--0.1920.1920%0.204-6%0.193-1%0.142+35%
Usd Eps--0.6560.6560%0.891-26%0.671-2%0.567+16%
Usd Free Cash Flow---37740000.000-37740000.0000%-82470000.000+119%-2860800.000-92%25529850.000-248%
Usd Free Cash Flow Per Share---0.195-0.1950%-0.427+119%-0.015-92%0.132-248%
Usd Free Cash Flow To Equity Per Share--0.0270.0270%0.182-85%0.050-45%0.028-1%
Usd Market Cap5377305449.472+16%4527565916.6764527565916.6760%4960557758.838-9%3510400457.084+29%3089459821.586+47%
Usd Price Per Share27.816+16%23.42023.4200%25.660-9%18.159+29%15.981+47%
Usd Profit--126888000.000126888000.0000%172245600.000-26%129686640.000-2%109529550.000+16%
Usd Revenue--1158602400.0001158602400.0000%985572000.000+18%798824880.000+45%668799300.000+73%
Usd Total Gains Per Share--0.5790.5790%0.783-26%0.624-7%0.729-21%
 EOD+5 -3MRQTTM+0 -0YOY+12 -235Y+9 -2610Y+15 -20

3.2. Fundamental Score

Let's check the fundamental score of BALKRISHNA INDUSTRIES LTD.-$ based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1542.378
Price to Book Ratio (EOD)Between0-15.930
Net Profit Margin (MRQ)Greater than00.110
Operating Margin (MRQ)Greater than00.118
Quick Ratio (MRQ)Greater than10.564
Current Ratio (MRQ)Greater than11.173
Debt to Asset Ratio (MRQ)Less than10.388
Debt to Equity Ratio (MRQ)Less than10.634
Return on Equity (MRQ)Greater than0.150.140
Return on Assets (MRQ)Greater than0.050.086
Total6/10 (60.0%)

3.3. Technical Score

Let's check the technical score of BALKRISHNA INDUSTRIES LTD.-$ based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5052.095
Ma 20Greater thanMa 502,273.498
Ma 50Greater thanMa 1002,365.211
Ma 100Greater thanMa 2002,465.791
OpenGreater thanClose2,298.000
Total2/5 (40.0%)



Latest Balance Sheet

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

Summary
Total Assets123,476,600
Total Liabilities47,907,300
Total Stockholder Equity75,569,300
 As reported
Total Liabilities 47,907,300
Total Stockholder Equity+ 75,569,300
Total Assets = 123,476,600

Assets

Total Assets123,476,600
Total Current Assets39,279,500
Long-term Assets84,197,100
Total Current Assets
Cash And Cash Equivalents 693,000
Short-term Investments 7,746,000
Net Receivables 11,152,700
Inventory 16,673,700
Other Current Assets 1,073,800
Total Current Assets  (as reported)39,279,500
Total Current Assets  (calculated)37,339,200
+/- 1,940,300
Long-term Assets
Property Plant Equipment 67,036,100
Intangible Assets 12,800
Other Assets 4,527,100
Long-term Assets  (as reported)84,197,100
Long-term Assets  (calculated)71,576,000
+/- 12,621,100

Liabilities & Shareholders' Equity

Total Current Liabilities33,492,700
Long-term Liabilities14,414,600
Total Stockholder Equity75,569,300
Total Current Liabilities
Short Long Term Debt 23,036,600
Accounts payable 4,921,400
Other Current Liabilities 3,235,000
Total Current Liabilities  (as reported)33,492,700
Total Current Liabilities  (calculated)31,193,000
+/- 2,299,700
Long-term Liabilities
Long term Debt 10,380,900
Capital Lease Obligations Min Short Term Debt47,800
Other Liabilities 3,986,300
Long-term Liabilities Other 100
Long-term Liabilities  (as reported)14,414,600
Long-term Liabilities  (calculated)14,415,100
+/- 500
Total Stockholder Equity
Common Stock386,600
Retained Earnings 76,103,800
Other Stockholders Equity -921,100
Total Stockholder Equity (as reported)75,569,300
Total Stockholder Equity (calculated)75,569,300
+/-0
Other
Capital Stock386,600
Common Stock Shares Outstanding 193,317
Net Debt 32,724,500
Net Invested Capital 108,986,800
Net Tangible Assets 75,556,500
Net Working Capital 5,786,800
Property Plant and Equipment Gross 97,076,900



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-31
> Total Assets 
53,984,000
57,890,800
58,782,100
64,790,100
68,063,500
81,664,900
109,789,800
123,476,600
123,476,600109,789,80081,664,90068,063,50064,790,10058,782,10057,890,80053,984,000
   > Total Current Assets 
15,658,600
17,458,900
20,166,100
24,705,800
19,214,500
24,791,300
38,941,800
39,279,500
39,279,50038,941,80024,791,30019,214,50024,705,80020,166,10017,458,90015,658,600
       Cash And Cash Equivalents 
0
226,000
264,600
461,700
468,200
549,200
459,100
693,000
693,000459,100549,200468,200461,700264,600226,0000
       Short-term Investments 
0
4,618,000
4,831,800
7,634,600
3,511,200
3,920,300
6,845,300
7,746,000
7,746,0006,845,3003,920,3003,511,2007,634,6004,831,8004,618,0000
       Net Receivables 
3,849,500
5,473,100
6,501,500
7,367,700
5,898,600
7,535,900
10,961,500
11,152,700
11,152,70010,961,5007,535,9005,898,6007,367,7006,501,5005,473,1003,849,500
       Inventory 
4,448,200
4,761,200
6,188,700
7,587,100
6,156,400
9,397,200
16,720,900
16,673,700
16,673,70016,720,9009,397,2006,156,4007,587,1006,188,7004,761,2004,448,200
       Other Current Assets 
155,100
2,380,600
2,322,100
1,636,700
1,996,800
2,075,000
1,363,800
1,073,800
1,073,8001,363,8002,075,0001,996,8001,636,7002,322,1002,380,600155,100
   > Long-term Assets 
0
40,431,900
38,616,000
40,084,300
48,849,000
56,845,300
70,848,000
84,197,100
84,197,10070,848,00056,845,30048,849,00040,084,30038,616,00040,431,9000
       Property Plant Equipment 
30,856,900
29,026,200
28,861,600
33,072,200
38,071,000
41,386,900
51,975,500
67,036,100
67,036,10051,975,50041,386,90038,071,00033,072,20028,861,60029,026,20030,856,900
       Intangible Assets 
41,600
39,900
34,400
22,900
12,900
7,600
9,000
12,800
12,8009,0007,60012,90022,90034,40039,90041,600
       Long-term Assets Other 
0
1,500
10,000
0
0
3,483,600
5,061,700
0
05,061,7003,483,6000010,0001,5000
> Total Liabilities 
26,235,700
22,462,200
17,948,200
18,253,500
17,980,700
21,666,700
40,459,700
47,907,300
47,907,30040,459,70021,666,70017,980,70018,253,50017,948,20022,462,20026,235,700
   > Total Current Liabilities 
15,258,700
16,468,500
14,338,000
14,548,700
15,578,500
19,015,300
32,356,300
33,492,700
33,492,70032,356,30019,015,30015,578,50014,548,70014,338,00016,468,50015,258,700
       Short-term Debt 
4,594,800
5,781,800
6,480,900
8,686,400
9,287,600
0
0
0
0009,287,6008,686,4006,480,9005,781,8004,594,800
       Short Long Term Debt 
0
11,720,300
8,649,700
8,689,100
9,292,000
9,994,500
20,274,600
23,036,600
23,036,60020,274,6009,994,5009,292,0008,689,1008,649,70011,720,3000
       Accounts payable 
0
3,744,100
4,092,500
3,861,400
3,837,000
6,550,200
8,292,600
4,921,400
4,921,4008,292,6006,550,2003,837,0003,861,4004,092,5003,744,1000
       Other Current Liabilities 
0
943,200
873,400
970,400
2,141,300
1,585,600
2,281,300
3,235,000
3,235,0002,281,3001,585,6002,141,300970,400873,400943,2000
   > Long-term Liabilities 
0
5,993,700
3,531,200
3,704,800
2,402,200
2,651,400
8,103,400
14,414,600
14,414,6008,103,4002,651,4002,402,2003,704,8003,531,2005,993,7000
       Long term Debt Total 
8,276,800
2,159,600
25,000
22,300
20,000
0
0
0
00020,00022,30025,0002,159,6008,276,800
       Capital Lease Obligations Min Short Term Debt
-4,594,800
-5,781,800
-6,480,900
-8,686,400
-9,277,500
1,900
900
47,800
47,8009001,900-9,277,500-8,686,400-6,480,900-5,781,800-4,594,800
       Other Liabilities 
0
3,805,300
3,585,200
3,682,500
2,382,200
2,635,600
3,092,600
3,986,300
3,986,3003,092,6002,635,6002,382,2003,682,5003,585,2003,805,3000
> Total Stockholder Equity
27,748,300
35,428,600
40,833,900
46,536,600
50,082,800
59,998,200
69,330,100
75,569,300
75,569,30069,330,10059,998,20050,082,80046,536,60040,833,90035,428,60027,748,300
   Common Stock
193,300
193,300
386,600
386,600
386,600
386,600
386,600
386,600
386,600386,600386,600386,600386,600386,600193,300193,300
   Retained Earnings 
27,451,900
33,974,000
39,964,800
45,953,400
50,422,800
59,875,300
68,622,900
76,103,800
76,103,80068,622,90059,875,30050,422,80045,953,40039,964,80033,974,00027,451,900
   Capital Surplus 
125,300
125,300
0
0
0
0
0
0
000000125,300125,300
   Treasury Stock00000000
   Other Stockholders Equity 
-22,200
1,136,000
482,500
196,600
-726,600
-263,700
320,600
-921,100
-921,100320,600-263,700-726,600196,600482,5001,136,000-22,200



Balance Sheet

Currency in INR. All numbers in thousands.




Cash Flow

Currency in INR. All numbers in thousands.




Income Statement

Currency in INR. All numbers in thousands.


Latest Income Statement (annual, 2023-03-31)

Gross Profit (+$)
totalRevenue96,550,200
Cost of Revenue-55,051,700
Gross Profit41,498,50041,498,500
 
Operating Income (+$)
Gross Profit41,498,500
Operating Expense-85,109,200
Operating Income11,441,000-43,610,700
 
Operating Expense (+$)
Research Development0
Selling General Administrative15,764,600
Selling And Marketing Expenses0
Operating Expense85,109,20015,764,600
 
Net Interest Income (+$)
Interest Income364,300
Interest Expense-427,300
Other Finance Cost-22,100
Net Interest Income-85,100
 
Pretax Income (+$)
Operating Income11,441,000
Net Interest Income-85,100
Other Non-Operating Income Expenses0
Income Before Tax (EBT)14,347,90011,441,000
EBIT - interestExpense = 10,992,700
14,347,900
11,001,300
Interest Expense427,300
Earnings Before Interest and Taxes (EBIT)11,420,00014,775,200
Earnings Before Interest and Taxes (EBITDA)20,483,300
 
After tax Income (+$)
Income Before Tax14,347,900
Tax Provision-3,773,900
Net Income From Continuing Ops10,574,00010,574,000
Net Income10,574,000
Net Income Applicable To Common Shares10,574,000
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses21,935,100
Total Other Income/Expenses Net085,100
 

Technical Analysis of BALKRISHNA INDUSTRIES LTD.-$
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 BALKRISHNA INDUSTRIES LTD.-$. The general trend of BALKRISHNA INDUSTRIES LTD.-$ 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 BALKRISHNA INDUSTRIES LTD.-$'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. Price Targets

1.1 Support & Resistance

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

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


Score

Let's take a look at the Support & Resistance of BALKRISHNA INDUSTRIES LTD.-$.

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: 2,377 < 2,393 < 2,474.

The bearish price targets are: 2,275 > 2,258 > 2,194.

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BALKRISHNA INDUSTRIES LTD.-$ Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of BALKRISHNA INDUSTRIES LTD.-$. 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 lower 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 below 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 higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +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

BALKRISHNA INDUSTRIES LTD.-$ Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of BALKRISHNA INDUSTRIES LTD.-$. The current macd is -14.24878586.

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 BALKRISHNA INDUSTRIES LTD.-$ price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for BALKRISHNA INDUSTRIES LTD.-$. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the BALKRISHNA INDUSTRIES LTD.-$ price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending 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
BALKRISHNA INDUSTRIES LTD.-$ Daily Moving Average Convergence/Divergence (MACD) ChartBALKRISHNA INDUSTRIES LTD.-$ 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 BALKRISHNA INDUSTRIES LTD.-$. The current adx is 12.14.

The long score for the Directional Movement Index (DMI) is 2/7.
The longshort score for the Directional Movement Index (DMI) is 2/(-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 BALKRISHNA INDUSTRIES LTD.-$ shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bullish trend could be forming. +1
BALKRISHNA INDUSTRIES LTD.-$ Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

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

Score

Let's take a look at the Parabolic SAR of BALKRISHNA INDUSTRIES LTD.-$. The current sar is 2,254.

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
BALKRISHNA INDUSTRIES LTD.-$ Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of BALKRISHNA INDUSTRIES LTD.-$. The current rsi is 52.10. 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
BALKRISHNA INDUSTRIES LTD.-$ Daily Relative Strength Index (RSI) ChartBALKRISHNA INDUSTRIES LTD.-$ Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of BALKRISHNA INDUSTRIES LTD.-$. The current phase is Correction in bear market.

The long score for the Stochastic Oscillator is 4/6.
The longshort score for the Stochastic Oscillator is 4/(-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 above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the BALKRISHNA INDUSTRIES LTD.-$ price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
BALKRISHNA INDUSTRIES LTD.-$ Daily Stochastic Oscillator ChartBALKRISHNA INDUSTRIES LTD.-$ Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

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

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of BALKRISHNA INDUSTRIES LTD.-$. The current cci is 114.40.

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
BALKRISHNA INDUSTRIES LTD.-$ Daily Commodity Channel Index (CCI) ChartBALKRISHNA INDUSTRIES LTD.-$ 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 BALKRISHNA INDUSTRIES LTD.-$. The current cmo is 14.68.

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
BALKRISHNA INDUSTRIES LTD.-$ Daily Chande Momentum Oscillator (CMO) ChartBALKRISHNA INDUSTRIES LTD.-$ Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

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

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of BALKRISHNA INDUSTRIES LTD.-$. The current willr is -32.19553916.

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 BALKRISHNA INDUSTRIES LTD.-$ is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
BALKRISHNA INDUSTRIES LTD.-$ Daily Williams %R ChartBALKRISHNA INDUSTRIES LTD.-$ Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

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

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

Score

Let's take a look at the Bollinger Bands of BALKRISHNA INDUSTRIES LTD.-$.

BALKRISHNA INDUSTRIES LTD.-$ 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 BALKRISHNA INDUSTRIES LTD.-$. The current atr is 61.92.

BALKRISHNA INDUSTRIES LTD.-$ Daily Average True Range (ATR) ChartBALKRISHNA INDUSTRIES LTD.-$ Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of BALKRISHNA INDUSTRIES LTD.-$. The current obv is 590,171.

BALKRISHNA INDUSTRIES LTD.-$ Daily On-Balance Volume (OBV) ChartBALKRISHNA INDUSTRIES LTD.-$ 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 BALKRISHNA INDUSTRIES LTD.-$. The current mfi is 62.57.

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
BALKRISHNA INDUSTRIES LTD.-$ Daily Money Flow Index (MFI) ChartBALKRISHNA INDUSTRIES LTD.-$ Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for BALKRISHNA INDUSTRIES LTD.-$.

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
2023-11-03CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-11-06DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-07CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-08CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-10STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-13CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-15MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-17STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-20MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-21CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-11-22STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-23DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-11-24CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-29SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-30MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2023-12-01MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-05MACD 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
2023-12-11STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-12STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-13STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-14STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-15MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-18DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-19CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-20BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-21STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-27CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-28CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-29SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-01MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-01-02DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-03MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-05MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-09CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-10BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-16STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-17SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-19STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-20SAR 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.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-23STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-24STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-25MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-29CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-30DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-01-31STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-01STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-02STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-08STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-13STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-15MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-19STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-21CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-23SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-02-26MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-28MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-04MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-11CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-12DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-13STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-14DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-03-19DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-21CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-22STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-27STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-28CCI LONG ENTRY SHORT CLOSE100 crossover to upside

6.3. Candlestick Patterns

BALKRISHNA INDUSTRIES LTD.-$ Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of BALKRISHNA INDUSTRIES LTD.-$ based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5052.095
Ma 20Greater thanMa 502,273.498
Ma 50Greater thanMa 1002,365.211
Ma 100Greater thanMa 2002,465.791
OpenGreater thanClose2,298.000
Total2/5 (40.0%)
Penke

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