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ELECTROSTEEL CASTINGS LTD.
Buy, Hold or Sell?

Let's analyse Electrosteel together

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Quick analysis of Electrosteel (30 sec.)










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

How much money do you get?

How much money do you get?
INR0.04
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
INR70.91
Expected worth in 1 year
INR88.98
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
INR21.15
Return On Investment
12.2%

For what price can you sell your share?

Current Price per Share
INR172.90
Expected price per share
INR116.71 - INR196.76
How sure are you?
50%

1. Valuation of Electrosteel (5 min.)




Live pricePrice per Share (EOD)

INR172.90

Intrinsic Value Per Share

INR24.60 - INR29.57

Total Value Per Share

INR95.51 - INR100.49

2. Growth of Electrosteel (5 min.)




Is Electrosteel growing?

Current yearPrevious yearGrowGrow %
How rich?$526m$492.5m$33.5m6.4%

How much money is Electrosteel making?

Current yearPrevious yearGrowGrow %
Making money$37.8m$41.6m-$3.7m-10.0%
Net Profit Margin4.3%6.6%--

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

3. Financial Health of Electrosteel (5 min.)




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




  Industry Rankings (Steel)  

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

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

What can you expect buying and holding a share of Electrosteel?

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

Speculation

The Price per Share of Electrosteel is INR172.90. 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 Electrosteel.
  • 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 Electrosteel, 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 INR70.91. Based on the TTM, the Book Value Change Per Share is INR4.52 per quarter. Based on the YOY, the Book Value Change Per Share is INR5.46 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 INR0.77 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Electrosteel.

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 Eps0.060.0%0.060.0%0.070.0%0.030.0%0.030.0%
Usd Book Value Change Per Share0.050.0%0.050.0%0.070.0%0.170.1%0.170.1%
Usd Dividend Per Share0.010.0%0.010.0%0.010.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.060.0%0.060.0%0.070.0%0.170.1%0.170.1%
Usd Price Per Share0.39-0.39-0.47-0.30-0.30-
Price to Earnings Ratio6.29-6.29-7.03-6.46-6.46-
Price-to-Total Gains Ratio6.08-6.08-6.69-3.43-3.43-
Price to Book Ratio0.45-0.45-0.59-0.42-0.42-
Price-to-Total Gains Ratio6.08-6.08-6.69-3.43-3.43-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share2.0748
Number of shares481
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.010.00
Usd Book Value Change Per Share0.050.17
Usd Total Gains Per Share0.060.17
Gains per Quarter (481 shares)30.5283.97
Gains per Year (481 shares)122.06335.90
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1181041128327326
23620923417655662
35331335625982998
4714174783413101334
5895216004216371670
61076267225119652006
71247308445922922342
81428349666826202678
916093910887629473014
10178104312108532743350

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%4.01.00.080.0%4.01.00.080.0%4.01.00.080.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%5.00.00.0100.0%5.00.00.0100.0%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%5.00.00.0100.0%5.00.00.0100.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%5.00.00.0100.0%5.00.00.0100.0%

Fundamentals of Electrosteel

About ELECTROSTEEL CASTINGS LTD.

Electrosteel Castings Limited manufactures and supplies ductile iron (DI) pipes, DI fittings and accessories, and cast iron (CI) pipes in India and internationally. It offers DI flange, ductile iron restrained joint pipes, and ductile iron fittings. The company's DI pipes are used in various applications, including raw and clear water transmission; distribution network of potable water; water supply for industrial/process plants; ash-slurry handling and disposal systems; on-shore and off-shore fire-fighting systems; desalination plants; sewerage and waste water force mains; gravity sewerage collection and disposal systems; storm water drainage piping; domestic and industrial disposal systems; recycling systems; piping work in water and sewage treatment plants; vertical connection to utilities and reservoirs; piling for ground stabilization; and protective piping under carriage-ways. It provides metallurgical coke, sinter, cement, sponge iron, ferro silicon, pig iron, and silico manganese ferro alloy. The company was formerly known as Dalmia Iron and Steel Ltd. Electrosteel Castings Limited was incorporated in 1955 and is headquartered in Kolkata, India.

Fundamental data was last updated by Penke on 2024-03-23 09:27:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is less 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 cheap.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of ELECTROSTEEL CASTINGS LTD..

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Electrosteel earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare Electrosteel to the Steel industry mean.
  • A Net Profit Margin of 4.3% means that ₹0.04 for each ₹1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of ELECTROSTEEL CASTINGS LTD.:

  • The MRQ is 4.3%. The company is making a profit. +1
  • The TTM is 4.3%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ4.3%TTM4.3%0.0%
TTM4.3%YOY6.6%-2.3%
TTM4.3%5Y2.8%+1.5%
5Y2.8%10Y2.8%0.0%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ4.3%2.7%+1.6%
TTM4.3%2.9%+1.4%
YOY6.6%4.8%+1.8%
5Y2.8%3.5%-0.7%
10Y2.8%2.9%-0.1%
1.1.2. Return on Assets

Shows how efficient Electrosteel is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Electrosteel to the Steel industry mean.
  • 3.7% Return on Assets means that Electrosteel generated ₹0.04 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of ELECTROSTEEL CASTINGS LTD.:

  • The MRQ is 3.7%. Using its assets, the company is less efficient in making profit.
  • The TTM is 3.7%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ3.7%TTM3.7%0.0%
TTM3.7%YOY4.0%-0.3%
TTM3.7%5Y1.9%+1.8%
5Y1.9%10Y1.9%0.0%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ3.7%1.1%+2.6%
TTM3.7%1.1%+2.6%
YOY4.0%1.9%+2.1%
5Y1.9%1.3%+0.6%
10Y1.9%1.0%+0.9%
1.1.3. Return on Equity

Shows how efficient Electrosteel is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Electrosteel to the Steel industry mean.
  • 7.2% Return on Equity means Electrosteel generated ₹0.07 for each ₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of ELECTROSTEEL CASTINGS LTD.:

  • The MRQ is 7.2%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 7.2%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ7.2%TTM7.2%0.0%
TTM7.2%YOY8.5%-1.3%
TTM7.2%5Y3.5%+3.7%
5Y3.5%10Y3.5%0.0%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ7.2%2.2%+5.0%
TTM7.2%2.1%+5.1%
YOY8.5%3.9%+4.6%
5Y3.5%2.4%+1.1%
10Y3.5%1.8%+1.7%

1.2. Operating Efficiency of ELECTROSTEEL CASTINGS LTD..

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Electrosteel is operating .

  • Measures how much profit Electrosteel 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 Electrosteel to the Steel industry mean.
  • An Operating Margin of 8.2% means the company generated ₹0.08  for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of ELECTROSTEEL CASTINGS LTD.:

  • The MRQ is 8.2%. The company is operating less efficient.
  • The TTM is 8.2%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ8.2%TTM8.2%0.0%
TTM8.2%YOY11.2%-3.0%
TTM8.2%5Y11.3%-3.0%
5Y11.3%10Y11.3%0.0%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ8.2%5.9%+2.3%
TTM8.2%3.4%+4.8%
YOY11.2%6.2%+5.0%
5Y11.3%5.6%+5.7%
10Y11.3%4.1%+7.2%
1.2.2. Operating Ratio

Measures how efficient Electrosteel is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Steel industry mean).
  • An Operation Ratio of 1.46 means that the operating costs are ₹1.46 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of ELECTROSTEEL CASTINGS LTD.:

  • The MRQ is 1.464. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.464. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.464TTM1.4640.000
TTM1.464YOY1.504-0.041
TTM1.4645Y1.470-0.007
5Y1.47010Y1.4700.000
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ1.4641.706-0.242
TTM1.4641.645-0.181
YOY1.5041.488+0.016
5Y1.4701.527-0.057
10Y1.4701.306+0.164

1.3. Liquidity of ELECTROSTEEL CASTINGS LTD..

1.3. Liquidity
1.3.1. Current Ratio

Measures if Electrosteel is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Steel industry mean).
  • A Current Ratio of 1.47 means the company has ₹1.47 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of ELECTROSTEEL CASTINGS LTD.:

  • The MRQ is 1.466. The company is just able to pay all its short-term debts.
  • The TTM is 1.466. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.466TTM1.4660.000
TTM1.466YOY1.436+0.031
TTM1.4665Y1.355+0.112
5Y1.35510Y1.3550.000
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ1.4661.669-0.203
TTM1.4661.736-0.270
YOY1.4361.669-0.233
5Y1.3551.615-0.260
10Y1.3551.436-0.081
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Electrosteel to the Steel industry mean.
  • A Quick Ratio of 0.53 means the company can pay off ₹0.53 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of ELECTROSTEEL CASTINGS LTD.:

  • The MRQ is 0.527. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.527. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.527TTM0.5270.000
TTM0.527YOY0.462+0.065
TTM0.5275Y0.502+0.025
5Y0.50210Y0.5020.000
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5270.612-0.085
TTM0.5270.647-0.120
YOY0.4620.717-0.255
5Y0.5020.693-0.191
10Y0.5020.633-0.131

1.4. Solvency of ELECTROSTEEL CASTINGS LTD..

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Electrosteel assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Electrosteel to Steel industry mean.
  • A Debt to Asset Ratio of 0.49 means that Electrosteel assets are financed with 48.5% credit (debt) and the remaining percentage (100% - 48.5%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of ELECTROSTEEL CASTINGS LTD.:

  • The MRQ is 0.485. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.485. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.485TTM0.4850.000
TTM0.485YOY0.524-0.039
TTM0.4855Y0.497-0.011
5Y0.49710Y0.4970.000
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4850.447+0.038
TTM0.4850.449+0.036
YOY0.5240.477+0.047
5Y0.4970.487+0.010
10Y0.4970.510-0.013
1.4.2. Debt to Equity Ratio

Measures if Electrosteel is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Electrosteel to the Steel industry mean.
  • A Debt to Equity ratio of 94.3% means that company has ₹0.94 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of ELECTROSTEEL CASTINGS LTD.:

  • The MRQ is 0.943. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.943. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.943TTM0.9430.000
TTM0.943YOY1.101-0.158
TTM0.9435Y1.046-0.103
5Y1.04610Y1.0460.000
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9430.812+0.131
TTM0.9430.850+0.093
YOY1.1010.938+0.163
5Y1.0460.997+0.049
10Y1.0461.192-0.146

2. Market Valuation of ELECTROSTEEL CASTINGS 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 Electrosteel generates.

  • Above 15 is considered overpriced but always compare Electrosteel to the Steel industry mean.
  • A PE ratio of 6.29 means the investor is paying ₹6.29 for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of ELECTROSTEEL CASTINGS LTD.:

  • The EOD is 33.845. Based on the earnings, the company is overpriced. -1
  • The MRQ is 6.288. Based on the earnings, the company is cheap. +2
  • The TTM is 6.288. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD33.845MRQ6.288+27.558
MRQ6.288TTM6.2880.000
TTM6.288YOY7.031-0.744
TTM6.2885Y6.457-0.169
5Y6.45710Y6.4570.000
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
EOD33.8458.425+25.420
MRQ6.2887.908-1.620
TTM6.2887.165-0.877
YOY7.0316.986+0.045
5Y6.4578.371-1.914
10Y6.45711.042-4.585
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of ELECTROSTEEL CASTINGS LTD.:

  • The EOD is 40.385. Based on how much money comes from the company's main activities, the company is fair priced.
  • The MRQ is 7.502. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 7.502. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD40.385MRQ7.502+32.883
MRQ7.502TTM7.5020.000
TTM7.502YOY-5.152+12.654
TTM7.5025Y-0.293+7.796
5Y-0.29310Y-0.2930.000
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
EOD40.3853.044+37.341
MRQ7.5022.954+4.548
TTM7.5022.082+5.420
YOY-5.1521.470-6.622
5Y-0.2930.910-1.203
10Y-0.2931.538-1.831
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Electrosteel 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 0.45 means the investor is paying ₹0.45 for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of ELECTROSTEEL CASTINGS LTD.:

  • The EOD is 2.438. Based on the equity, the company is underpriced. +1
  • The MRQ is 0.453. Based on the equity, the company is cheap. +2
  • The TTM is 0.453. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD2.438MRQ0.453+1.985
MRQ0.453TTM0.4530.000
TTM0.453YOY0.595-0.142
TTM0.4535Y0.425+0.028
5Y0.42510Y0.4250.000
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
EOD2.4381.005+1.433
MRQ0.4530.953-0.500
TTM0.4530.958-0.505
YOY0.5951.077-0.482
5Y0.4251.064-0.639
10Y0.4251.127-0.702
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of ELECTROSTEEL CASTINGS 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--4.5174.5170%5.464-17%14.183-68%14.183-68%
Book Value Per Share--70.91370.9130%66.396+7%57.509+23%57.509+23%
Current Ratio--1.4661.4660%1.436+2%1.355+8%1.355+8%
Debt To Asset Ratio--0.4850.4850%0.524-7%0.497-2%0.497-2%
Debt To Equity Ratio--0.9430.9430%1.101-14%1.046-10%1.046-10%
Dividend Per Share--0.7690.7690%0.441+74%0.366+110%0.366+110%
Eps--5.1095.1090%5.618-9%2.495+105%2.495+105%
Free Cash Flow Per Share--4.2814.2810%-7.667+279%0.598+616%0.598+616%
Free Cash Flow To Equity Per Share--4.2814.2810%2.178+97%0.482+788%0.482+788%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--29.572--------
Intrinsic Value_10Y_min--24.595--------
Intrinsic Value_1Y_max--1.162--------
Intrinsic Value_1Y_min--1.129--------
Intrinsic Value_3Y_max--4.864--------
Intrinsic Value_3Y_min--4.569--------
Intrinsic Value_5Y_max--10.221--------
Intrinsic Value_5Y_min--9.273--------
Market Cap106884190649.600+81%19856102970.88019856102970.8800%24418308448.000-19%15552298833.792+28%15552298833.792+28%
Net Profit Margin--0.0430.0430%0.066-34%0.028+53%0.028+53%
Operating Margin--0.0820.0820%0.112-27%0.113-27%0.113-27%
Operating Ratio--1.4641.4640%1.504-3%1.4700%1.4700%
Pb Ratio2.438+81%0.4530.4530%0.595-24%0.425+7%0.425+7%
Pe Ratio33.845+81%6.2886.2880%7.031-11%6.457-3%6.457-3%
Price Per Share172.900+81%32.12032.1200%39.500-19%25.158+28%25.158+28%
Price To Free Cash Flow Ratio40.385+81%7.5027.5020%-5.152+169%-0.293+104%-0.293+104%
Price To Total Gains Ratio32.704+81%6.0766.0760%6.689-9%3.435+77%3.435+77%
Quick Ratio--0.5270.5270%0.462+14%0.502+5%0.502+5%
Return On Assets--0.0370.0370%0.040-8%0.019+100%0.019+100%
Return On Equity--0.0720.0720%0.085-15%0.035+104%0.035+104%
Total Gains Per Share--5.2875.2870%5.905-10%14.549-64%14.549-64%
Usd Book Value--526047744.000526047744.0000%492537528.000+7%426611172.000+23%426611172.000+23%
Usd Book Value Change Per Share--0.0540.0540%0.066-17%0.170-68%0.170-68%
Usd Book Value Per Share--0.8510.8510%0.797+7%0.690+23%0.690+23%
Usd Dividend Per Share--0.0090.0090%0.005+74%0.004+110%0.004+110%
Usd Eps--0.0610.0610%0.067-9%0.030+105%0.030+105%
Usd Free Cash Flow--31759224.00031759224.0000%-56878020.000+279%4435178.400+616%4435178.400+616%
Usd Free Cash Flow Per Share--0.0510.0510%-0.092+279%0.007+616%0.007+616%
Usd Free Cash Flow To Equity Per Share--0.0510.0510%0.026+97%0.006+788%0.006+788%
Usd Market Cap1282610287.795+81%238273235.651238273235.6510%293019701.376-19%186627586.006+28%186627586.006+28%
Usd Price Per Share2.075+81%0.3850.3850%0.474-19%0.302+28%0.302+28%
Usd Profit--37896264.00037896264.0000%41673276.000-9%17194432.800+120%17194432.800+120%
Usd Revenue--873060912.000873060912.0000%631772256.000+38%511337628.000+71%511337628.000+71%
Usd Total Gains Per Share--0.0630.0630%0.071-10%0.175-64%0.175-64%
 EOD+4 -4MRQTTM+0 -0YOY+19 -165Y+27 -810Y+27 -8

3.2. Fundamental Score

Let's check the fundamental score of ELECTROSTEEL CASTINGS LTD. based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1533.845
Price to Book Ratio (EOD)Between0-12.438
Net Profit Margin (MRQ)Greater than00.043
Operating Margin (MRQ)Greater than00.082
Quick Ratio (MRQ)Greater than10.527
Current Ratio (MRQ)Greater than11.466
Debt to Asset Ratio (MRQ)Less than10.485
Debt to Equity Ratio (MRQ)Less than10.943
Return on Equity (MRQ)Greater than0.150.072
Return on Assets (MRQ)Greater than0.050.037
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of ELECTROSTEEL CASTINGS LTD. based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5059.379
Ma 20Greater thanMa 50159.623
Ma 50Greater thanMa 100163.402
Ma 100Greater thanMa 200136.871
OpenGreater thanClose165.500
Total3/5 (60.0%)



Latest Balance Sheet

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

Summary
Total Assets85,186,088
Total Liabilities41,348,776
Total Stockholder Equity43,826,360
 As reported
Total Liabilities 41,348,776
Total Stockholder Equity+ 43,826,360
Total Assets = 85,186,088

Assets

Total Assets85,186,088
Total Current Assets43,138,033
Long-term Assets42,048,055
Total Current Assets
Cash And Cash Equivalents 2,304,945
Short-term Investments 4,926,369
Net Receivables 10,564,335
Inventory 23,645,375
Other Current Assets 1,254,752
Total Current Assets  (as reported)43,138,033
Total Current Assets  (calculated)42,695,776
+/- 442,257
Long-term Assets
Property Plant Equipment 40,254,633
Goodwill 21,603
Intangible Assets 56,675
Other Assets 755,687
Long-term Assets  (as reported)42,048,055
Long-term Assets  (calculated)41,088,598
+/- 959,457

Liabilities & Shareholders' Equity

Total Current Liabilities29,418,633
Long-term Liabilities11,930,143
Total Stockholder Equity43,826,360
Total Current Liabilities
Short Long Term Debt 18,915,687
Accounts payable 5,870,194
Other Current Liabilities 2,420,253
Total Current Liabilities  (as reported)29,418,633
Total Current Liabilities  (calculated)27,206,134
+/- 2,212,499
Long-term Liabilities
Long term Debt 7,365,696
Capital Lease Obligations Min Short Term Debt392,554
Long-term Liabilities Other 41,860
Long-term Liabilities  (as reported)11,930,143
Long-term Liabilities  (calculated)7,800,110
+/- 4,130,033
Total Stockholder Equity
Retained Earnings 35,256,746
Total Stockholder Equity (as reported)43,826,360
Total Stockholder Equity (calculated)35,256,746
+/- 8,569,614
Other
Capital Stock594,605
Common Stock Shares Outstanding 594,605
Net Debt 23,976,438
Net Invested Capital 70,107,743
Net Working Capital 13,719,400
Property Plant and Equipment Gross 40,254,633



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-31
> Total Assets 
0
0
54,214,098
55,927,864
71,814,468
86,238,217
85,186,088
85,186,08886,238,21771,814,46855,927,86454,214,09800
   > Total Current Assets 
19,581,889
18,207,611
18,167,189
19,026,803
30,340,002
44,911,437
43,138,033
43,138,03344,911,43730,340,00219,026,80318,167,18918,207,61119,581,889
       Cash And Cash Equivalents 
0
0
750,116
594,563
2,129,901
2,137,321
2,304,945
2,304,9452,137,3212,129,901594,563750,11600
       Short-term Investments 
0
0
118,404
18,863
3,996,716
5,023,238
4,926,369
4,926,3695,023,2383,996,71618,863118,40400
       Net Receivables 
8,850,274
9,231,807
8,339,985
6,179,370
7,687,529
9,418,642
10,564,335
10,564,3359,418,6427,687,5296,179,3708,339,9859,231,8078,850,274
       Inventory 
6,418,819
6,100,179
7,542,141
9,238,918
13,017,348
23,287,587
23,645,375
23,645,37523,287,58713,017,3489,238,9187,542,1416,100,1796,418,819
       Other Current Assets 
1,363,486
1,761,287
1,280,517
793,443
1,286,914
2,702,313
1,254,752
1,254,7522,702,3131,286,914793,4431,280,5171,761,2871,363,486
   > Long-term Assets 
0
0
36,046,909
36,901,061
41,468,160
41,326,780
42,048,055
42,048,05541,326,78041,468,16036,901,06136,046,90900
       Property Plant Equipment 
29,086,646
28,742,693
28,659,472
28,645,173
39,932,547
39,647,249
40,254,633
40,254,63339,647,24939,932,54728,645,17328,659,47228,742,69329,086,646
       Goodwill 
0
0
21,603
21,603
21,603
21,603
21,603
21,60321,60321,60321,60321,60300
       Intangible Assets 
0
0
16,158
19,299
137,055
40,888
56,675
56,67540,888137,05519,29916,15800
       Long-term Assets Other 
0
0
97
841
622
422
275,625
275,6254226228419700
> Total Liabilities 
0
0
27,822,250
27,114,200
34,147,431
45,193,423
41,348,776
41,348,77645,193,42334,147,43127,114,20027,822,25000
   > Total Current Liabilities 
14,468,305
15,609,430
14,730,853
16,168,872
20,761,089
31,285,710
29,418,633
29,418,63331,285,71020,761,08916,168,87214,730,85315,609,43014,468,305
       Short Long Term Debt 
0
0
9,227,563
10,155,050
12,932,454
20,526,897
18,915,687
18,915,68720,526,89712,932,45410,155,0509,227,56300
       Accounts payable 
2,753,261
3,384,377
3,088,424
3,857,980
4,494,704
6,282,134
5,870,194
5,870,1946,282,1344,494,7043,857,9803,088,4243,384,3772,753,261
       Other Current Liabilities 
1,372,078
2,528,480
1,157,381
801,424
1,408,175
2,707,881
2,420,253
2,420,2532,707,8811,408,175801,4241,157,3812,528,4801,372,078
   > Long-term Liabilities 
0
0
13,091,265
10,873,776
13,475,345
13,907,713
11,930,143
11,930,14313,907,71313,475,34510,873,77613,091,26500
       Capital Lease Obligations Min Short Term Debt
0
0
5,248
178,752
418,827
371,018
392,554
392,554371,018418,827178,7525,24800
       Long-term Liabilities Other 
0
0
14,851
11,948
7,708
8,262
41,860
41,8608,2627,70811,94814,85100
> Total Stockholder Equity
0
0
26,385,261
28,801,499
28,686,390
41,030,786
43,826,360
43,826,36041,030,78628,686,39028,801,49926,385,26100
   Common Stock
356,955
356,955
405,482
432,955
432,955
594,605
0
0594,605432,955432,955405,482356,955356,955
   Retained Earnings Total Equity0000000
   Accumulated Other Comprehensive Income 0000000
   Capital Surplus 0000000
   Treasury Stock0000000
   Other Stockholders Equity 
1,338,024
1,232,553
558,746
683,224
-3,326,989
-2,934,515
-2,802,097
-2,802,097-2,934,515-3,326,989683,224558,7461,232,5531,338,024



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 (+$)
totalRevenue72,755,076
Cost of Revenue-39,887,737
Gross Profit32,867,33932,867,339
 
Operating Income (+$)
Gross Profit32,867,339
Operating Expense-66,591,353
Operating Income6,163,723-33,724,014
 
Operating Expense (+$)
Research Development0
Selling General Administrative7,220,258
Selling And Marketing Expenses0
Operating Expense66,591,3537,220,258
 
Net Interest Income (+$)
Interest Income492,407
Interest Expense-2,858,892
Other Finance Cost-492,407
Net Interest Income-2,858,892
 
Pretax Income (+$)
Operating Income6,163,723
Net Interest Income-2,858,892
Other Non-Operating Income Expenses0
Income Before Tax (EBT)4,154,0266,163,723
EBIT - interestExpense = 3,124,191
3,158,022
6,016,914
Interest Expense2,858,892
Earnings Before Interest and Taxes (EBIT)5,983,0837,012,918
Earnings Before Interest and Taxes (EBITDA)8,224,894
 
After tax Income (+$)
Income Before Tax4,154,026
Tax Provision-991,693
Net Income From Continuing Ops3,162,3333,162,333
Net Income3,158,022
Net Income Applicable To Common Shares3,158,022
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses20,620,799
Total Other Income/Expenses Net02,858,892
 

Technical Analysis of Electrosteel
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 Electrosteel. The general trend of Electrosteel is BULLISH with 71.4% 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 Electrosteel'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 (71.4%) Bearish trend (-71.4%)
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 ELECTROSTEEL CASTINGS LTD..

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: 182.00 < 196.76.

The bearish price targets are: 157.52 > 136.15 > 116.71.

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ELECTROSTEEL CASTINGS 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 ELECTROSTEEL CASTINGS LTD.. The current mas is .

The long score for the Moving Averages is 12/14.
The longshort score for the Moving Averages is 10/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -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 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

ELECTROSTEEL CASTINGS 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 ELECTROSTEEL CASTINGS LTD.. The current macd is -1.45049918.

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 Electrosteel price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Electrosteel. 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 Electrosteel 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
ELECTROSTEEL CASTINGS LTD. Daily Moving Average Convergence/Divergence (MACD) ChartELECTROSTEEL CASTINGS 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 ELECTROSTEEL CASTINGS LTD.. The current adx is 25.54.

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 Electrosteel 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
ELECTROSTEEL CASTINGS 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 ELECTROSTEEL CASTINGS LTD.. The current sar is 136.15.

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
ELECTROSTEEL CASTINGS 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 ELECTROSTEEL CASTINGS LTD.. The current rsi is 59.38. 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
ELECTROSTEEL CASTINGS LTD. Daily Relative Strength Index (RSI) ChartELECTROSTEEL CASTINGS 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 ELECTROSTEEL CASTINGS LTD.. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 5/6.
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 > 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 Electrosteel price going up in the near term. +2
  • Trending down: The STOCH %K is trending down. -1
ELECTROSTEEL CASTINGS LTD. Daily Stochastic Oscillator ChartELECTROSTEEL CASTINGS 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 ELECTROSTEEL CASTINGS LTD.. The current cci is 116.74.

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
ELECTROSTEEL CASTINGS LTD. Daily Commodity Channel Index (CCI) ChartELECTROSTEEL CASTINGS 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 ELECTROSTEEL CASTINGS LTD.. The current cmo is 30.41.

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
ELECTROSTEEL CASTINGS LTD. Daily Chande Momentum Oscillator (CMO) ChartELECTROSTEEL CASTINGS 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 ELECTROSTEEL CASTINGS LTD.. The current willr is -15.02890173.

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
ELECTROSTEEL CASTINGS LTD. Daily Williams %R ChartELECTROSTEEL CASTINGS 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 ELECTROSTEEL CASTINGS LTD..

ELECTROSTEEL CASTINGS 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 ELECTROSTEEL CASTINGS LTD.. The current atr is 11.08.

ELECTROSTEEL CASTINGS LTD. Daily Average True Range (ATR) ChartELECTROSTEEL CASTINGS 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 ELECTROSTEEL CASTINGS LTD.. The current obv is 33,146,235.

ELECTROSTEEL CASTINGS LTD. Daily On-Balance Volume (OBV) ChartELECTROSTEEL CASTINGS 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 ELECTROSTEEL CASTINGS LTD.. The current mfi is 54.57.

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
ELECTROSTEEL CASTINGS LTD. Daily Money Flow Index (MFI) ChartELECTROSTEEL CASTINGS LTD. Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for ELECTROSTEEL CASTINGS 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
2023-11-02STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-03MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-07RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-11-08STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-09STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-10BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-11-13ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-15ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-16STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-20RSI SHORT ENTRY LONG CLOSE70 crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-21STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-23RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-24SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-28SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2023-11-29MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-30STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-01RSI SHORT ENTRY LONG CLOSE70 crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-04MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-05SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-12-08STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-11STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-12CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-13STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-15SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-20STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-21SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-22STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-29CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-01STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
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
2024-01-03DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-04SAR 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).
2024-01-05MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-09RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-01-15STOCH 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
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-16RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-01-17STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-18STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-22RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-01-24STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-25BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-30STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-31ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-05STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-08MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-09SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-02-12MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-13DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-02-14STOCH 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).
2024-02-15DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-02-20SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-02-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-26CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-27DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-02-28CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-01STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-05WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-07STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-11STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-12SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-13WILLR 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).
2024-03-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-19STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-21STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-22CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-26MACD 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.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside

6.3. Candlestick Patterns

ELECTROSTEEL CASTINGS LTD. Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of ELECTROSTEEL CASTINGS LTD. based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5059.379
Ma 20Greater thanMa 50159.623
Ma 50Greater thanMa 100163.402
Ma 100Greater thanMa 200136.871
OpenGreater thanClose165.500
Total3/5 (60.0%)
Penke

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