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Bharat Wire Ropes Limited
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PenkeI guess you are interested in Bharat Wire Ropes Limited. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

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

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Quick analysis of Bharat Wire Ropes Limited (30 sec.)










What can you expect buying and holding a share of Bharat Wire Ropes Limited? (30 sec.)

How much money do you get?

How much money do you get?
INR0.00
When do you have the money?
1 year
How often do you get paid?
0.0%

What is your share worth?

Current worth
INR82.37
Expected worth in 1 year
INR146.17
How sure are you?
80.0%

+ What do you gain per year?

Total Gains per Share
INR63.80
Return On Investment
23.3%

For what price can you sell your share?

Current Price per Share
INR273.40
Expected price per share
INR226.45 - INR278.70
How sure are you?
50%
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1. Valuation of Bharat Wire Ropes Limited (5 min.)




Live pricePrice per Share (EOD)

INR273.40

Intrinsic Value Per Share

INR-201.63 - INR74.34

Total Value Per Share

INR-119.25 - INR156.71

2. Growth of Bharat Wire Ropes Limited (5 min.)




Is Bharat Wire Ropes Limited growing?

Current yearPrevious yearGrowGrow %
How rich?$67.2m$54.2m$13m19.4%

How much money is Bharat Wire Ropes Limited making?

Current yearPrevious yearGrowGrow %
Making money$7.4m$1.6m$5.8m78.0%
Net Profit Margin10.6%3.6%--

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

3. Financial Health of Bharat Wire Ropes Limited (5 min.)




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




  Industry Rankings (Steel)  


Richest
#257 / 334

Most Revenue
#236 / 334

Most Profit
#144 / 334
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What can you expect buying and holding a share of Bharat Wire Ropes Limited? (5 min.)

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

What can you expect buying and holding a share of Bharat Wire Ropes Limited?

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

Speculation

The Price per Share of Bharat Wire Ropes Limited is INR273.40. 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 Bharat Wire Ropes 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 Bharat Wire Ropes 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 INR82.37. Based on the TTM, the Book Value Change Per Share is INR15.95 per quarter. Based on the YOY, the Book Value Change Per Share is INR2.43 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is INR0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Bharat Wire Ropes Limited.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps0.110.0%0.110.0%0.020.0%-0.020.0%-0.010.0%
Usd Book Value Change Per Share0.190.1%0.190.1%0.030.0%0.150.1%0.090.0%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.190.1%0.190.1%0.030.0%0.150.1%0.090.0%
Usd Price Per Share1.86-1.86-0.82-0.78-0.64-
Price to Earnings Ratio16.96-16.96-33.96-5.41-333.10-
Price-to-Total Gains Ratio9.73-9.73-28.05-5.64-96.68-
Price to Book Ratio1.88-1.88-1.03-1.86-1.93-
Price-to-Total Gains Ratio9.73-9.73-28.05-5.64-96.68-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share3.2808
Number of shares304
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.190.15
Usd Total Gains Per Share0.190.15
Gains per Quarter (304 shares)58.1844.73
Gains per Year (304 shares)232.74178.91
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
102332230179169
204654560358348
306986890537527
409319220716706
50116411550895885
6013961388010731064
7016291621012521243
8018621854014311422
9020952087016101601
10023272320017891780

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%2.01.00.066.7%2.03.00.040.0%7.03.00.070.0%10.03.00.076.9%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%3.02.00.060.0%8.02.00.080.0%11.02.00.084.6%
Dividend per Share0.00.01.00.0%0.00.03.00.0%0.00.05.00.0%0.00.010.00.0%0.00.013.00.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%3.02.00.060.0%8.02.00.080.0%11.02.00.084.6%
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Fundamentals of Bharat Wire Ropes Limited

About Bharat Wire Ropes Limited

Bharat Wire Ropes Limited manufactures and sells steel wire ropes in India. It offers wire ropes; slings, including mechanically spliced slings, hand spliced slings, and socketed slings; galvanized steel wire strands, such as earth wires, stay wires, and structural strands; and galvanized and non-galvanized steel wires. The company's products are used in general engineering, fishing, elevators, cranes, material handling, power transmission, suspension bridges, onshore / offshore oil exploration, ports and shipping, mining, defense, and railways and allied industries. It also exports its products to North America, Europe, Russia, Asia, South America, Africa, Mauritius, Sri Lanka, the Middle East, New Zealand, Australia, and internationally. The company was formerly known as Bharat Ropes Limited and changed its name to Bharat Wire Ropes Limited in July 1996. Bharat Wire Ropes Limited was incorporated in 1986 and is based in Mumbai, India.

Fundamental data was last updated by Penke on 2023-09-10 10:00:04.

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 efficient.
The company is efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very 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 underpriced.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is underpriced.
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1.1. Profitability of Bharat Wire Ropes Limited.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Bharat Wire Ropes Limited earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare Bharat Wire Ropes Limited to the Steel industry mean.
  • A Net Profit Margin of 10.6% 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 Bharat Wire Ropes Limited:

  • The MRQ is 10.6%. The company is making a huge profit. +2
  • The TTM is 10.6%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ10.6%TTM10.6%0.0%
TTM10.6%YOY3.6%+6.9%
TTM10.6%5Y-7.1%+17.7%
5Y-7.1%10Y-2.6%-4.5%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ10.6%3.1%+7.5%
TTM10.6%2.5%+8.1%
YOY3.6%6.5%-2.9%
5Y-7.1%3.3%-10.4%
10Y-2.6%2.7%-5.3%
1.1.2. Return on Assets

Shows how efficient Bharat Wire Ropes Limited is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Bharat Wire Ropes Limited to the Steel industry mean.
  • 8.0% Return on Assets means that Bharat Wire Ropes Limited generated ₹0.08 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Bharat Wire Ropes Limited:

  • The MRQ is 8.0%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 8.0%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ8.0%TTM8.0%0.0%
TTM8.0%YOY1.8%+6.2%
TTM8.0%5Y-1.3%+9.3%
5Y-1.3%10Y-0.3%-0.9%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ8.0%1.3%+6.7%
TTM8.0%1.1%+6.9%
YOY1.8%2.4%-0.6%
5Y-1.3%1.3%-2.6%
10Y-0.3%0.9%-1.2%
1.1.3. Return on Equity

Shows how efficient Bharat Wire Ropes Limited is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Bharat Wire Ropes Limited to the Steel industry mean.
  • 11.1% Return on Equity means Bharat Wire Ropes Limited generated ₹0.11 for each ₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Bharat Wire Ropes Limited:

  • The MRQ is 11.1%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 11.1%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ11.1%TTM11.1%0.0%
TTM11.1%YOY3.0%+8.1%
TTM11.1%5Y-38.1%+49.2%
5Y-38.1%10Y-18.3%-19.8%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ11.1%2.4%+8.7%
TTM11.1%2.1%+9.0%
YOY3.0%4.9%-1.9%
5Y-38.1%2.5%-40.6%
10Y-18.3%1.6%-19.9%
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1.2. Operating Efficiency of Bharat Wire Ropes Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Bharat Wire Ropes Limited is operating .

  • Measures how much profit Bharat Wire Ropes Limited makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Bharat Wire Ropes Limited to the Steel industry mean.
  • An Operating Margin of 20.2% means the company generated ₹0.20  for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Bharat Wire Ropes Limited:

  • The MRQ is 20.2%. The company is operating efficient. +1
  • The TTM is 20.2%. The company is operating efficient. +1
Trends
Current periodCompared to+/- 
MRQ20.2%TTM20.2%0.0%
TTM20.2%YOY10.9%+9.3%
TTM20.2%5Y7.5%+12.7%
5Y7.5%10Y8.4%-0.9%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ20.2%8.6%+11.6%
TTM20.2%1.9%+18.3%
YOY10.9%8.2%+2.7%
5Y7.5%4.9%+2.6%
10Y8.4%3.6%+4.8%
1.2.2. Operating Ratio

Measures how efficient Bharat Wire Ropes Limited is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Steel industry mean).
  • An Operation Ratio of 0.80 means that the operating costs are ₹0.80 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of Bharat Wire Ropes Limited:

  • The MRQ is 0.799. The company is efficient in keeping operating costs low. +1
  • The TTM is 0.799. The company is efficient in keeping operating costs low. +1
Trends
Current periodCompared to+/- 
MRQ0.799TTM0.7990.000
TTM0.799YOY0.888-0.089
TTM0.7995Y0.925-0.125
5Y0.92510Y0.928-0.003
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7991.696-0.897
TTM0.7991.694-0.895
YOY0.8881.624-0.736
5Y0.9251.628-0.703
10Y0.9281.367-0.439
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1.3. Liquidity of Bharat Wire Ropes Limited.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Bharat Wire Ropes Limited is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Steel industry mean).
  • A Current Ratio of 3.82 means the company has ₹3.82 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of Bharat Wire Ropes Limited:

  • The MRQ is 3.815. The company is very able to pay all its short-term debts. +2
  • The TTM is 3.815. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ3.815TTM3.8150.000
TTM3.815YOY1.962+1.853
TTM3.8155Y1.705+2.110
5Y1.70510Y1.542+0.163
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ3.8151.711+2.104
TTM3.8151.703+2.112
YOY1.9621.660+0.302
5Y1.7051.606+0.099
10Y1.5421.412+0.130
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Bharat Wire Ropes Limited to the Steel industry mean.
  • A Quick Ratio of 0.93 means the company can pay off ₹0.93 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Bharat Wire Ropes Limited:

  • The MRQ is 0.926. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.926. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.926TTM0.9260.000
TTM0.926YOY0.413+0.513
TTM0.9265Y0.567+0.359
5Y0.56710Y0.502+0.065
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9260.570+0.356
TTM0.9260.615+0.311
YOY0.4130.757-0.344
5Y0.5670.671-0.104
10Y0.5020.628-0.126
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1.4. Solvency of Bharat Wire Ropes Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Bharat Wire Ropes Limited assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Bharat Wire Ropes Limited to Steel industry mean.
  • A Debt to Asset Ratio of 0.28 means that Bharat Wire Ropes Limited assets are financed with 28.3% credit (debt) and the remaining percentage (100% - 28.3%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Bharat Wire Ropes Limited:

  • The MRQ is 0.283. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.283. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.283TTM0.2830.000
TTM0.283YOY0.416-0.133
TTM0.2835Y0.587-0.304
5Y0.58710Y0.622-0.035
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2830.461-0.178
TTM0.2830.468-0.185
YOY0.4160.482-0.066
5Y0.5870.490+0.097
10Y0.6220.517+0.105
1.4.2. Debt to Equity Ratio

Measures if Bharat Wire Ropes Limited is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Bharat Wire Ropes Limited to the Steel industry mean.
  • A Debt to Equity ratio of 39.5% means that company has ₹0.39 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Bharat Wire Ropes Limited:

  • The MRQ is 0.395. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.395. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.395TTM0.3950.000
TTM0.395YOY0.713-0.318
TTM0.3955Y5.356-4.961
5Y5.35610Y3.842+1.513
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3950.835-0.440
TTM0.3950.891-0.496
YOY0.7130.946-0.233
5Y5.3561.006+4.350
10Y3.8421.196+2.646
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2. Market Valuation of Bharat Wire Ropes Limited

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ₹1 in earnings Bharat Wire Ropes Limited generates.

  • Above 15 is considered overpriced but always compare Bharat Wire Ropes Limited to the Steel industry mean.
  • A PE ratio of 16.96 means the investor is paying ₹16.96 for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Bharat Wire Ropes Limited:

  • The EOD is 29.874. Based on the earnings, the company is overpriced. -1
  • The MRQ is 16.958. Based on the earnings, the company is fair priced.
  • The TTM is 16.958. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD29.874MRQ16.958+12.916
MRQ16.958TTM16.9580.000
TTM16.958YOY33.963-17.004
TTM16.9585Y5.414+11.544
5Y5.41410Y333.100-327.686
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
EOD29.8747.118+22.756
MRQ16.9587.293+9.665
TTM16.9586.019+10.939
YOY33.9636.997+26.966
5Y5.4148.646-3.232
10Y333.10011.175+321.925
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Bharat Wire Ropes Limited:

  • The EOD is 26.651. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 15.129. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 15.129. Based on how much money comes from the company's main activities, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD26.651MRQ15.129+11.522
MRQ15.129TTM15.1290.000
TTM15.129YOY20.168-5.040
TTM15.1295Y8.105+7.024
5Y8.10510Y2.691+5.413
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
EOD26.6512.875+23.776
MRQ15.1292.806+12.323
TTM15.1291.527+13.602
YOY20.1681.429+18.739
5Y8.1050.768+7.337
10Y2.6911.533+1.158
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2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Bharat Wire Ropes Limited is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Steel industry mean).
  • A PB ratio of 1.88 means the investor is paying ₹1.88 for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of Bharat Wire Ropes Limited:

  • The EOD is 3.319. Based on the equity, the company is fair priced.
  • The MRQ is 1.884. Based on the equity, the company is underpriced. +1
  • The TTM is 1.884. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD3.319MRQ1.884+1.435
MRQ1.884TTM1.8840.000
TTM1.884YOY1.027+0.857
TTM1.8845Y1.858+0.026
5Y1.85810Y1.927-0.069
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
EOD3.3190.960+2.359
MRQ1.8840.921+0.963
TTM1.8840.911+0.973
YOY1.0271.120-0.093
5Y1.8581.045+0.813
10Y1.9271.135+0.792
2. Total Gains per Share
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3. Summary

3.1. Key Performance Indicators

The key performance indicators of Bharat Wire Ropes Limited compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--15.95015.9500%2.433+555%12.261+30%7.243+120%
Book Value Per Share--82.37582.3750%66.425+24%46.639+77%31.576+161%
Current Ratio--3.8153.8150%1.962+94%1.705+124%1.542+147%
Debt To Asset Ratio--0.2830.2830%0.416-32%0.587-52%0.622-55%
Debt To Equity Ratio--0.3950.3950%0.713-45%5.356-93%3.842-90%
Dividend Per Share----0%-0%-0%-0%
Eps--9.1529.1520%2.010+355%-1.365+115%-0.596+107%
Free Cash Flow Per Share--10.25910.2590%3.384+203%1.949+426%-5.770+156%
Free Cash Flow To Equity Per Share--0.8120.8120%-0.349+143%-0.507+162%-0.037+105%
Gross Profit Margin--0.8260.8260%0.673+23%0.905-9%0.833-1%
Intrinsic Value_10Y_max--74.336--------
Intrinsic Value_10Y_min---201.629--------
Intrinsic Value_1Y_max--3.142--------
Intrinsic Value_1Y_min---10.804--------
Intrinsic Value_3Y_max--12.723--------
Intrinsic Value_3Y_min---40.796--------
Intrinsic Value_5Y_max--26.261--------
Intrinsic Value_5Y_min---79.692--------
Market Cap18591882406.400+43%10553987379.20010553987379.2000%4641170352.000+127%4433762739.200+138%3630653261.440+191%
Net Profit Margin--0.1060.1060%0.036+191%-0.071+167%-0.026+125%
Operating Margin--0.2020.2020%0.109+85%0.075+168%0.084+141%
Operating Ratio--0.7990.7990%0.888-10%0.925-14%0.928-14%
Pb Ratio3.319+43%1.8841.8840%1.027+83%1.858+1%1.927-2%
Pe Ratio29.874+43%16.95816.9580%33.963-50%5.414+213%333.100-95%
Price Per Share273.400+43%155.200155.2000%68.250+127%65.200+138%53.390+191%
Price To Free Cash Flow Ratio26.651+43%15.12915.1290%20.168-25%8.105+87%2.691+462%
Price To Total Gains Ratio17.141+43%9.7319.7310%28.049-65%5.642+72%96.683-90%
Quick Ratio--0.9260.9260%0.413+124%0.567+63%0.502+84%
Return On Assets--0.0800.0800%0.018+351%-0.013+116%-0.003+104%
Return On Equity--0.1110.1110%0.030+267%-0.381+443%-0.183+265%
Total Gains Per Share--15.95015.9500%2.433+555%12.261+30%7.243+120%
Usd Book Value--67220244.00067220244.0000%54204804.000+24%38059159.200+77%25767008.948+161%
Usd Book Value Change Per Share--0.1910.1910%0.029+555%0.147+30%0.087+120%
Usd Book Value Per Share--0.9880.9880%0.797+24%0.560+77%0.379+161%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps--0.1100.1100%0.024+355%-0.016+115%-0.007+107%
Usd Free Cash Flow--8371416.0008371416.0000%2761488.000+203%1590717.600+426%-4708886.689+156%
Usd Free Cash Flow Per Share--0.1230.1230%0.041+203%0.023+426%-0.069+156%
Usd Free Cash Flow To Equity Per Share--0.0100.0100%-0.004+143%-0.006+162%0.000+105%
Usd Market Cap223102588.877+43%126647848.550126647848.5500%55694044.224+127%53205152.870+138%43567839.137+191%
Usd Price Per Share3.281+43%1.8621.8620%0.819+127%0.782+138%0.641+191%
Usd Profit--7468128.0007468128.0000%1639848.000+355%-1113619.200+115%-476288.105+106%
Usd Revenue--70687740.00070687740.0000%45181032.000+56%40898114.400+73%25799655.626+174%
Usd Total Gains Per Share--0.1910.1910%0.029+555%0.147+30%0.087+120%
 EOD+4 -4MRQTTM+0 -0YOY+31 -35Y+29 -510Y+30 -4

3.2. Fundamental Score

Let's check the fundamental score of Bharat Wire Ropes Limited based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1529.874
Price to Book Ratio (EOD)Between0-13.319
Net Profit Margin (MRQ)Greater than00.106
Operating Margin (MRQ)Greater than00.202
Quick Ratio (MRQ)Greater than10.926
Current Ratio (MRQ)Greater than13.815
Debt to Asset Ratio (MRQ)Less than10.283
Debt to Equity Ratio (MRQ)Less than10.395
Return on Equity (MRQ)Greater than0.150.111
Return on Assets (MRQ)Greater than0.050.080
Total6/10 (60.0%)

3.3. Technical Score

Let's check the technical score of Bharat Wire Ropes Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5064.499
Ma 20Greater thanMa 50257.803
Ma 50Greater thanMa 100230.724
Ma 100Greater thanMa 200203.522
OpenGreater thanClose266.000
Total4/5 (80.0%)



Latest Balance Sheet

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

Summary
Total Assets7,811,845
Total Liabilities2,210,158
Total Stockholder Equity5,601,687
 As reported
Total Liabilities 2,210,158
Total Stockholder Equity+ 5,601,687
Total Assets = 7,811,845

Assets

Total Assets7,811,845
Total Current Assets2,741,324
Long-term Assets2,741,324
Total Current Assets
Cash And Cash Equivalents 381
Short-term Investments 94,155
Net Receivables 476,690
Inventory 1,100,681
Other Current Assets 1,069,417
Total Current Assets  (as reported)2,741,324
Total Current Assets  (calculated)2,741,324
+/-0
Long-term Assets
Property Plant Equipment 4,839,548
Intangible Assets 7,235
Long-term Assets Other 130,108
Long-term Assets  (as reported)5,070,521
Long-term Assets  (calculated)4,976,891
+/- 93,630

Liabilities & Shareholders' Equity

Total Current Liabilities718,553
Long-term Liabilities1,491,605
Total Stockholder Equity5,601,687
Total Current Liabilities
Short-term Debt 390,297
Short Long Term Debt 390,297
Accounts payable 178,215
Other Current Liabilities 150,041
Total Current Liabilities  (as reported)718,553
Total Current Liabilities  (calculated)1,108,850
+/- 390,297
Long-term Liabilities
Long term Debt 1,426,644
Long-term Liabilities Other -101
Long-term Liabilities  (as reported)1,491,605
Long-term Liabilities  (calculated)1,426,543
+/- 65,062
Total Stockholder Equity
Common Stock678,975
Retained Earnings -308,396
Other Stockholders Equity 4,922,712
Total Stockholder Equity (as reported)5,601,687
Total Stockholder Equity (calculated)5,293,291
+/- 308,396
Other
Capital Stock678,975
Cash and Short Term Investments 94,536
Common Stock Shares Outstanding 64,292
Liabilities and Stockholders Equity 7,811,845
Net Debt 1,816,560
Net Invested Capital 7,418,628
Net Working Capital 2,022,771
Short Long Term Debt Total 1,816,941



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-312015-03-312014-03-312013-03-312012-03-312011-03-31
> Total Assets 
1,042,635
1,427,996
1,465,117
1,419,561
1,520,399
4,169,943
6,004,659
7,364,294
7,669,204
7,523,226
7,465,153
7,737,689
7,811,845
7,811,8457,737,6897,465,1537,523,2267,669,2047,364,2946,004,6594,169,9431,520,3991,419,5611,465,1171,427,9961,042,635
   > Total Current Assets 
821,163
742,455
727,058
662,066
578,098
1,316,282
972,935
1,599,058
1,692,073
1,539,883
1,680,816
2,154,663
2,741,324
2,741,3242,154,6631,680,8161,539,8831,692,0731,599,058972,9351,316,282578,098662,066727,058742,455821,163
       Cash And Cash Equivalents 
35,229
125,773
84,013
18,590
18,112
719,977
25,514
192,996
3,402
27,806
4,927
28,727
381
38128,7274,92727,8063,402192,99625,514719,97718,11218,59084,013125,77335,229
       Short-term Investments 
0
0
8,360
0
1,189
2,836
9,240
11,035
6,457
5,263
59,689
12,966
94,155
94,15512,96659,6895,2636,45711,0359,2402,8361,18908,36000
       Net Receivables 
0
0
0
0
143,683
168,831
171,153
235,856
364,659
735,572
1,028,676
411,942
476,690
476,690411,9421,028,676735,572364,659235,856171,153168,831143,6830000
       Inventory 
414,932
287,787
349,355
370,485
385,371
344,220
437,113
734,540
888,616
776,504
647,212
804,507
1,100,681
1,100,681804,507647,212776,504888,616734,540437,113344,220385,371370,485349,355287,787414,932
       Other Current Assets 
371,002
328,895
285,330
272,991
174,615
252,085
510,307
671,522
800,055
1
1
909,487
1,069,417
1,069,417909,48711800,055671,522510,307252,085174,615272,991285,330328,895371,002
   > Long-term Assets 
221,472
685,541
738,059
757,495
942,301
2,853,661
5,031,724
5,765,236
5,977,131
5,983,344
5,784,338
5,583,026
5,070,521
5,070,5215,583,0265,784,3385,983,3445,977,1315,765,2365,031,7242,853,661942,301757,495738,059685,541221,472
       Property Plant Equipment 
217,941
676,461
727,987
751,050
769,527
2,242,285
4,819,680
5,673,449
5,606,499
5,389,448
5,130,016
4,915,921
4,839,548
4,839,5484,915,9215,130,0165,389,4485,606,4995,673,4494,819,6802,242,285769,527751,050727,987676,461217,941
       Long Term Investments 
0
0
0
0
0
0
0
2,531
0
0
0
0
0
000002,5310000000
       Intangible Assets 
0
0
0
0
2,146
2,152
3,090
3,753
3,421
2,216
2,946
3,275
7,235
7,2353,2752,9462,2163,4213,7533,0902,1522,1460000
       Long-term Assets Other 
3,531
9,080
10,072
6,445
172,774
611,376
212,044
88,034
113,483
-1
165,479
98,720
130,108
130,10898,720165,479-1113,48388,034212,044611,376172,7746,44510,0729,0803,531
> Total Liabilities 
802,313
766,315
788,680
728,091
811,411
2,786,986
4,606,407
5,931,436
6,672,124
7,132,676
3,113,554
3,220,622
2,210,158
2,210,1583,220,6223,113,5547,132,6766,672,1245,931,4364,606,4072,786,986811,411728,091788,680766,315802,313
   > Total Current Liabilities 
560,325
453,962
483,820
457,397
420,436
739,406
790,859
1,506,169
3,044,100
4,297,907
916,659
1,097,957
718,553
718,5531,097,957916,6594,297,9073,044,1001,506,169790,859739,406420,436457,397483,820453,962560,325
       Short-term Debt 
261,661
269,503
214,074
192,577
222,371
218,212
223,750
910,693
2,523,568
3,954,822
595,569
623,420
390,297
390,297623,420595,5693,954,8222,523,568910,693223,750218,212222,371192,577214,074269,503261,661
       Short Long Term Debt 
0
0
0
0
18,864
7,272
223,750
910,693
2,523,568
3,954,822
595,569
623,420
390,297
390,297623,420595,5693,954,8222,523,568910,693223,7507,27218,8640000
       Accounts payable 
260,020
95,806
175,755
180,896
137,194
91,114
182,642
412,931
317,666
108,078
109,689
312,879
178,215
178,215312,879109,689108,078317,666412,931182,64291,114137,194180,896175,75595,806260,020
       Other Current Liabilities 
38,644
88,653
93,991
83,924
60,871
430,080
384,468
182,545
202,866
53,586
92,329
161,658
150,041
150,041161,65892,32953,586202,866182,545384,468430,08060,87183,92493,99188,65338,644
   > Long-term Liabilities 
241,988
312,352
304,860
270,695
390,975
2,047,580
3,815,548
4,425,267
3,628,024
2,834,769
2,196,895
2,122,665
1,491,605
1,491,6052,122,6652,196,8952,834,7693,628,0244,425,2673,815,5482,047,580390,975270,695304,860312,352241,988
       Long term Debt Total 
0
0
0
0
0
1,734,150
3,489,545
4,337,038
3,578,154
2,785,053
2,143,450
2,065,110
0
02,065,1102,143,4502,785,0533,578,1544,337,0383,489,5451,734,15000000
       Other Liabilities 
0
0
0
0
211,265
313,430
304,794
88,229
49,869
49,715
53,445
57,556
0
057,55653,44549,71549,86988,229304,794313,430211,2650000
> Total Stockholder Equity
240,325
661,682
676,437
691,471
708,989
1,382,957
1,398,252
1,432,858
997,080
390,550
4,351,599
4,517,067
5,601,687
5,601,6874,517,0674,351,599390,550997,0801,432,8581,398,2521,382,957708,989691,471676,437661,682240,325
   Common Stock
125,594
293,967
293,967
293,967
293,967
449,522
449,522
449,522
449,522
449,522
625,732
638,300
678,975
678,975638,300625,732449,522449,522449,522449,522449,522293,967293,967293,967293,967125,594
   Retained Earnings 
31,961
53,369
68,124
83,158
102,911
114,454
130,850
140,123
-305,034
-914,630
-1,084,558
-949,756
-308,396
-308,396-949,756-1,084,558-914,630-305,034140,123130,850114,454102,91183,15868,12453,36931,961
   Accumulated Other Comprehensive Income -3,518,20400-559,242-360,887-153,162-242,782-204,074-180,781-156,665-134,967-113,374-98,919
   Capital Surplus 
0
0
0
0
0
0
0
0
814,180
814,180
942,347
988,646
0
0988,646942,347814,180814,18000000000
   Treasury Stock0000000000000
   Other Stockholders Equity 
181,689
427,720
449,313
471,011
492,892
1,023,054
1,060,662
996,375
1,213,479
855,658
983,825
1,001,923
4,922,712
4,922,7121,001,923983,825855,6581,213,479996,3751,060,6621,023,054492,892471,011449,313427,720181,689



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 (+$)
totalRevenue5,890,645
Cost of Revenue-3,287,626
Gross Profit2,603,0192,603,019
 
Operating Income (+$)
Gross Profit2,603,019
Operating Expense-1,421,421
Operating Income1,188,0631,181,598
 
Operating Expense (+$)
Research Development0
Selling General Administrative43,903
Selling And Marketing Expenses108,420
Operating Expense1,421,421152,323
 
Net Interest Income (+$)
Interest Income6,693
Interest Expense-221,989
Other Finance Cost-6,693
Net Interest Income-221,989
 
Pretax Income (+$)
Operating Income1,188,063
Net Interest Income-221,989
Other Non-Operating Income Expenses0
Income Before Tax (EBT)966,0741,410,052
EBIT - interestExpense = 966,074
966,073
844,333
Interest Expense221,989
Earnings Before Interest and Taxes (EBIT)1,188,0631,188,063
Earnings Before Interest and Taxes (EBITDA)1,394,981
 
After tax Income (+$)
Income Before Tax966,074
Tax Provision-343,729
Net Income From Continuing Ops622,345622,345
Net Income622,344
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses4,709,047
Total Other Income/Expenses Net-221,989221,989
 

Technical Analysis of Bharat Wire Ropes 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 Bharat Wire Ropes Limited. The general trend of Bharat Wire Ropes Limited is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Bharat Wire Ropes 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 (100.0%) Bearish trend (-100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

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

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


Score

Let's take a look at the Support & Resistance of Bharat Wire Ropes 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: 278.70.

The bearish price targets are: 251.20 > 228.00 > 226.45.

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Bharat Wire Ropes Limited Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

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

Score

Let's take a look at the Moving Averages of Bharat Wire Ropes Limited. The current mas is .

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

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

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Bharat Wire Ropes Limited Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

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

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

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Bharat Wire Ropes Limited. The current macd is 11.92.

The long score for the Moving Average Convergence/Divergence (MACD) is 2/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 0/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Bharat Wire Ropes Limited price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Bharat Wire Ropes 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 Bharat Wire Ropes Limited price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Bharat Wire Ropes Limited Daily Moving Average Convergence/Divergence (MACD) ChartBharat Wire Ropes 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 Bharat Wire Ropes Limited. The current adx is 30.92.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-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 Bharat Wire Ropes Limited shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2
Bharat Wire Ropes Limited Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

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

Score

Let's take a look at the Parabolic SAR of Bharat Wire Ropes Limited. The current sar is 252.77.

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
Bharat Wire Ropes Limited Daily Parabolic SAR Chart
3rd Party Ad. No recommendation by Penke. PLUS is ad-free.

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 Bharat Wire Ropes Limited. The current rsi is 64.50. The current phase is Continuation in bull 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).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
Bharat Wire Ropes Limited Daily Relative Strength Index (RSI) ChartBharat Wire Ropes Limited Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

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

Score

Let's take a look at the Stochastic Oscillator of Bharat Wire Ropes Limited. The current phase is Overbought in bull market.

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

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line > STOCH %D line: The STOCH %K line is 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 Bharat Wire Ropes Limited price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Bharat Wire Ropes Limited Daily Stochastic Oscillator ChartBharat Wire Ropes Limited Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

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

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

Score

Let's take a look at the Commodity Channel Index (CCI) of Bharat Wire Ropes Limited. The current cci is 102.99.

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
Bharat Wire Ropes Limited Daily Commodity Channel Index (CCI) ChartBharat Wire Ropes 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 Bharat Wire Ropes Limited. The current cmo is 28.84.

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
Bharat Wire Ropes Limited Daily Chande Momentum Oscillator (CMO) ChartBharat Wire Ropes Limited Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

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

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

Score

Let's take a look at the Williams %R of Bharat Wire Ropes Limited. The current willr is -15.75037147.

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

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

4.1 Bollinger Bands

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

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

Score

Let's take a look at the Bollinger Bands of Bharat Wire Ropes Limited.

Bharat Wire Ropes 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 Bharat Wire Ropes Limited. The current atr is 11.98.

Bharat Wire Ropes Limited Daily Average True Range (ATR) ChartBharat Wire Ropes Limited Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

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

Score

Let's take a look at the On-Balance Volume (OBV) of Bharat Wire Ropes Limited. The current obv is 60,621,915.

Bharat Wire Ropes Limited Daily On-Balance Volume (OBV) ChartBharat Wire Ropes 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 Bharat Wire Ropes Limited. The current mfi is 62.90.

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
Bharat Wire Ropes Limited Daily Money Flow Index (MFI) ChartBharat Wire Ropes Limited Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Bharat Wire Ropes 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
2023-05-11CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-05-12DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-05-15DMI 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.
2023-05-16STOCH LONG EXITThe %K line crosses below the %D line.
2023-05-17DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-05-18STOCH SHORT EXITThe %K line crosses above the %D line.
2023-05-19STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-05-22CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-05-23STOCH SHORT EXITThe %K line crosses above the %D line.
CMO