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Hikal Limited
Buy, Hold or Sell?

Let's analyse Hikal together

PenkeI guess you are interested in Hikal 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 Hikal 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.

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

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Quick analysis of Hikal (30 sec.)










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

How much money do you get?

How much money do you get?
INR0.05
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
INR91.93
Expected worth in 1 year
INR113.17
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
INR25.25
Return On Investment
9.5%

For what price can you sell your share?

Current Price per Share
INR265.05
Expected price per share
INR265.14 - INR296.78
How sure are you?
50%

1. Valuation of Hikal (5 min.)




Live pricePrice per Share (EOD)

INR265.05

Intrinsic Value Per Share

INR-93.32 - INR35.82

Total Value Per Share

INR-1.40 - INR127.75

2. Growth of Hikal (5 min.)




Is Hikal growing?

Current yearPrevious yearGrowGrow %
How rich?$136m$128.1m$7.8m5.8%

How much money is Hikal making?

Current yearPrevious yearGrowGrow %
Making money$9.4m$19.2m-$9.8m-104.8%
Net Profit Margin3.9%8.3%--

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

3. Financial Health of Hikal (5 min.)




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

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

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

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

Speculation

The Price per Share of Hikal is INR265.05. 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 Hikal.
  • 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 Hikal, 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 INR91.93. Based on the TTM, the Book Value Change Per Share is INR5.31 per quarter. Based on the YOY, the Book Value Change Per Share is INR10.91 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is INR1.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Hikal.

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 Eps0.080.0%0.080.0%0.160.1%0.110.0%0.080.0%
Usd Book Value Change Per Share0.060.0%0.060.0%0.130.0%0.090.0%0.070.0%
Usd Dividend Per Share0.010.0%0.010.0%0.030.0%0.020.0%0.010.0%
Usd Total Gains Per Share0.080.0%0.080.0%0.160.1%0.110.0%0.080.0%
Usd Price Per Share3.38-3.38-4.83-2.57-2.66-
Price to Earnings Ratio44.30-44.30-30.91-23.89-35.98-
Price-to-Total Gains Ratio44.62-44.62-30.68-23.94-37.73-
Price to Book Ratio3.06-3.06-4.64-2.70-3.88-
Price-to-Total Gains Ratio44.62-44.62-30.68-23.94-37.73-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share3.1806
Number of shares314
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.010.02
Usd Book Value Change Per Share0.060.09
Usd Total Gains Per Share0.080.11
Gains per Quarter (314 shares)23.7834.14
Gains per Year (314 shares)95.14136.54
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
115808523113127
23016018046227264
34524027569340401
46032037092454538
575400465115567675
691480560138681812
7106560655162794949
81216407501859081086
913672084520810211223
1015180194023111351360

How sure are you?

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

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%17.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%16.01.00.094.1%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%16.00.01.094.1%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%17.00.00.0100.0%

Fundamentals of Hikal

About Hikal Limited

Hikal Limited, together with its subsidiaries, manufactures and sells various chemical intermediates, specialty chemicals, and active pharma ingredients to pharmaceutical, animal health, biotech, crop protection, and specialty chemicals companies in India. The company operates through two segments, Pharmaceuticals and Crop Protection. The Pharmaceuticals segment produces active pharmaceutical ingredient (APIs). The Crop Protection segment manufactures pesticides and herbicides, which include diuron tech, temephos tech, thiacloprid tech, clothianidin tech, dichloroaniline, N-bromosuccinimide, prothioconazole technical, trifloxystrobin technical, and BIT. It also collaborates with other companies and offer solutions in contract research, custom synthesis, and custom manufacturing of intermediates and active ingredients. In addition, the company offers human health products, such as anti-convulsant, anti-emetic, anti-histaminic, anti-depressant, anti-psychotic, anti-lipemic, hemorheologic, anti-diabetic, anti-thrombotic, anti-hypertensive, anti-inflammation, and analgesic; animal health products, such as anti-tick, anti-parasitic, analgesic, anabolic steroids, female sex hormone, and NSAID; and specialty biocides and antimicrobial actives, as well as additives for leather, paint coatings, paper, water treatment, personal care, building materials, and textile industries. It also exports its products. The company operates in the United States, Canada, Europe Union, Japan, Latin America, and internationally. Hikal Limited was incorporated in 1988 and is headquartered in Navi Mumbai, India.

Fundamental data was last updated by Penke on 2024-03-09 23:51:04.

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 less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

Valuation

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

1.1. Profitability of Hikal Limited.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Hikal to the Drug Manufacturers - Specialty & Generic industry mean.
  • A Net Profit Margin of 3.9% 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 Hikal Limited:

  • The MRQ is 3.9%. The company is making a profit. +1
  • The TTM is 3.9%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ3.9%TTM3.9%0.0%
TTM3.9%YOY8.3%-4.4%
TTM3.9%5Y6.2%-2.3%
5Y6.2%10Y6.0%+0.2%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Hikal to the Drug Manufacturers - Specialty & Generic industry mean.
  • 3.3% Return on Assets means that Hikal generated ₹0.03 profit for each $1 in assets.

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

  • The MRQ is 3.3%. Using its assets, the company is less efficient in making profit.
  • The TTM is 3.3%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ3.3%TTM3.3%0.0%
TTM3.3%YOY7.3%-4.0%
TTM3.3%5Y5.5%-2.2%
5Y5.5%10Y4.8%+0.6%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Hikal to the Drug Manufacturers - Specialty & Generic industry mean.
  • 6.9% Return on Equity means Hikal generated ₹0.07 for each ₹1 the owners (shareholders) invested.

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

  • The MRQ is 6.9%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 6.9%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ6.9%TTM6.9%0.0%
TTM6.9%YOY15.0%-8.1%
TTM6.9%5Y11.5%-4.6%
5Y11.5%10Y10.7%+0.8%

1.2. Operating Efficiency of Hikal Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Hikal is operating .

  • Measures how much profit Hikal 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 Hikal to the Drug Manufacturers - Specialty & Generic industry mean.
  • An Operating Margin of 7.7% means the company generated ₹0.08  for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Hikal Limited:

  • The MRQ is 7.7%. The company is operating less efficient.
  • The TTM is 7.7%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ7.7%TTM7.7%0.0%
TTM7.7%YOY12.7%-5.0%
TTM7.7%5Y11.9%-4.3%
5Y11.9%10Y11.8%+0.1%
1.2.2. Operating Ratio

Measures how efficient Hikal is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Drug Manufacturers - Specialty & Generic industry mean).
  • An Operation Ratio of 0.93 means that the operating costs are ₹0.93 for each ₹1 in net sales.

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

  • The MRQ is 0.926. The company is less efficient in keeping operating costs low.
  • The TTM is 0.926. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.926TTM0.9260.000
TTM0.926YOY0.873+0.053
TTM0.9265Y0.880+0.047
5Y0.88010Y0.866+0.014

1.3. Liquidity of Hikal Limited.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Drug Manufacturers - Specialty & Generic industry mean).
  • A Current Ratio of 1.42 means the company has ₹1.42 in assets for each ₹1 in short-term debts.

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

  • The MRQ is 1.419. The company is just able to pay all its short-term debts.
  • The TTM is 1.419. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.419TTM1.4190.000
TTM1.419YOY1.254+0.166
TTM1.4195Y1.338+0.082
5Y1.33810Y1.263+0.074
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Hikal to the Drug Manufacturers - Specialty & Generic industry mean.
  • A Quick Ratio of 0.86 means the company can pay off ₹0.86 for each ₹1 in debt (using most liquid assets).

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

  • The MRQ is 0.858. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.858. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.858TTM0.8580.000
TTM0.858YOY0.683+0.176
TTM0.8585Y0.745+0.114
5Y0.74510Y0.645+0.099

1.4. Solvency of Hikal Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Hikal to Drug Manufacturers - Specialty & Generic industry mean.
  • A Debt to Asset Ratio of 0.52 means that Hikal assets are financed with 52.5% credit (debt) and the remaining percentage (100% - 52.5%) is financed by its owners/shareholders. 

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

  • The MRQ is 0.525. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.525. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.525TTM0.5250.000
TTM0.525YOY0.517+0.007
TTM0.5255Y0.529-0.004
5Y0.52910Y0.549-0.021
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Hikal to the Drug Manufacturers - Specialty & Generic industry mean.
  • A Debt to Equity ratio of 110.5% means that company has ₹1.10 debt for each ₹1 in shareholders equity.

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

  • The MRQ is 1.105. The company is able to pay all its debts with equity. +1
  • The TTM is 1.105. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.105TTM1.1050.000
TTM1.105YOY1.072+0.032
TTM1.1055Y1.124-0.020
5Y1.12410Y1.228-0.104

2. Market Valuation of Hikal 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 Hikal generates.

  • Above 15 is considered overpriced but always compare Hikal to the Drug Manufacturers - Specialty & Generic industry mean.
  • A PE ratio of 44.30 means the investor is paying ₹44.30 for every ₹1 in earnings.

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

  • The EOD is 41.690. Based on the earnings, the company is overpriced. -1
  • The MRQ is 44.301. Based on the earnings, the company is overpriced. -1
  • The TTM is 44.301. Based on the earnings, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD41.690MRQ44.301-2.611
MRQ44.301TTM44.3010.000
TTM44.301YOY30.906+13.395
TTM44.3015Y23.889+20.412
5Y23.88910Y35.980-12.091
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is 257.533. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is 273.662. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is 273.662. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD257.533MRQ273.662-16.129
MRQ273.662TTM273.6620.000
TTM273.662YOY242.931+30.732
TTM273.6625Y117.120+156.542
5Y117.12010Y83.655+33.466
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Hikal is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Drug Manufacturers - Specialty & Generic industry mean).
  • A PB ratio of 3.06 means the investor is paying ₹3.06 for each ₹1 in book value.

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

  • The EOD is 2.883. Based on the equity, the company is underpriced. +1
  • The MRQ is 3.064. Based on the equity, the company is fair priced.
  • The TTM is 3.064. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD2.883MRQ3.064-0.181
MRQ3.064TTM3.0640.000
TTM3.064YOY4.645-1.581
TTM3.0645Y2.698+0.366
5Y2.69810Y3.882-1.184
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Hikal 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--5.3115.3110%10.915-51%7.528-29%5.541-4%
Book Value Per Share--91.92791.9270%86.616+6%76.359+20%61.631+49%
Current Ratio--1.4191.4190%1.254+13%1.338+6%1.263+12%
Debt To Asset Ratio--0.5250.5250%0.517+1%0.529-1%0.549-4%
Debt To Equity Ratio--1.1051.1050%1.072+3%1.124-2%1.228-10%
Dividend Per Share--1.0011.0010%2.200-55%1.532-35%1.188-16%
Eps--6.3586.3580%13.017-51%9.076-30%6.894-8%
Free Cash Flow Per Share--1.0291.0290%1.656-38%4.681-78%5.114-80%
Free Cash Flow To Equity Per Share--0.4060.4060%1.205-66%0.360+13%-0.200+149%
Gross Profit Margin--0.6250.6250%0.759-18%0.738-15%0.757-17%
Intrinsic Value_10Y_max--35.825--------
Intrinsic Value_10Y_min---93.324--------
Intrinsic Value_1Y_max--4.796--------
Intrinsic Value_1Y_min---0.247--------
Intrinsic Value_3Y_max--13.491--------
Intrinsic Value_3Y_min---8.632--------
Intrinsic Value_5Y_max--21.078--------
Intrinsic Value_5Y_min---25.600--------
Market Cap32680930050.000-6%34727726650.00034727726650.0000%49603992300.000-30%26406142160.000+32%27346682188.000+27%
Net Profit Margin--0.0390.0390%0.083-53%0.062-37%0.060-35%
Operating Margin--0.0770.0770%0.127-40%0.119-36%0.118-35%
Operating Ratio--0.9260.9260%0.873+6%0.880+5%0.866+7%
Pb Ratio2.883-6%3.0643.0640%4.645-34%2.698+14%3.882-21%
Pe Ratio41.690-6%44.30144.3010%30.906+43%23.889+85%35.980+23%
Price Per Share265.050-6%281.650281.6500%402.300-30%214.160+32%221.788+27%
Price To Free Cash Flow Ratio257.533-6%273.662273.6620%242.931+13%117.120+134%83.655+227%
Price To Total Gains Ratio41.991-6%44.62144.6210%30.676+45%23.940+86%37.726+18%
Quick Ratio--0.8580.8580%0.683+26%0.745+15%0.645+33%
Return On Assets--0.0330.0330%0.073-55%0.055-40%0.048-32%
Return On Equity--0.0690.0690%0.150-54%0.115-40%0.107-35%
Total Gains Per Share--6.3126.3120%13.115-52%9.059-30%6.729-6%
Usd Book Value--136016400.000136016400.0000%128157720.000+6%112981536.000+20%91189992.000+49%
Usd Book Value Change Per Share--0.0640.0640%0.131-51%0.090-29%0.066-4%
Usd Book Value Per Share--1.1031.1030%1.039+6%0.916+20%0.740+49%
Usd Dividend Per Share--0.0120.0120%0.026-55%0.018-35%0.014-16%
Usd Eps--0.0760.0760%0.156-51%0.109-30%0.083-8%
Usd Free Cash Flow--1522800.0001522800.0000%2450280.000-38%6926088.000-78%7566432.000-80%
Usd Free Cash Flow Per Share--0.0120.0120%0.020-38%0.056-78%0.061-80%
Usd Free Cash Flow To Equity Per Share--0.0050.0050%0.014-66%0.004+13%-0.002+149%
Usd Market Cap392171160.600-6%416732719.800416732719.8000%595247907.600-30%316873705.920+32%328160186.256+27%
Usd Price Per Share3.181-6%3.3803.3800%4.828-30%2.570+32%2.661+27%
Usd Profit--9405840.0009405840.0000%19259880.000-51%12981384.000-28%9930024.000-5%
Usd Revenue--240564000.000240564000.0000%231123600.000+4%209542584.000+15%164042004.000+47%
Usd Total Gains Per Share--0.0760.0760%0.157-52%0.109-30%0.081-6%
 EOD+4 -4MRQTTM+0 -0YOY+9 -275Y+14 -2210Y+15 -21

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1541.690
Price to Book Ratio (EOD)Between0-12.883
Net Profit Margin (MRQ)Greater than00.039
Operating Margin (MRQ)Greater than00.077
Quick Ratio (MRQ)Greater than10.858
Current Ratio (MRQ)Greater than11.419
Debt to Asset Ratio (MRQ)Less than10.525
Debt to Equity Ratio (MRQ)Less than11.105
Return on Equity (MRQ)Greater than0.150.069
Return on Assets (MRQ)Greater than0.050.033
Total4/10 (40.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5036.828
Ma 20Greater thanMa 50274.395
Ma 50Greater thanMa 100283.100
Ma 100Greater thanMa 200286.083
OpenGreater thanClose269.000
Total1/5 (20.0%)



Latest Balance Sheet

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

Summary
Total Assets23,854,700
Total Liabilities12,520,000
Total Stockholder Equity11,334,700
 As reported
Total Liabilities 12,520,000
Total Stockholder Equity+ 11,334,700
Total Assets = 23,854,700

Assets

Total Assets23,854,700
Total Current Assets9,390,100
Long-term Assets14,464,600
Total Current Assets
Cash And Cash Equivalents 267,300
Short-term Investments 495,300
Net Receivables 4,420,200
Inventory 3,167,400
Other Current Assets 1,039,900
Total Current Assets  (as reported)9,390,100
Total Current Assets  (calculated)9,390,100
+/-0
Long-term Assets
Property Plant Equipment 13,502,700
Intangible Assets 102,000
Long-term Assets Other 597,000
Long-term Assets  (as reported)14,464,600
Long-term Assets  (calculated)14,201,700
+/- 262,900

Liabilities & Shareholders' Equity

Total Current Liabilities6,615,500
Long-term Liabilities5,904,500
Total Stockholder Equity11,334,700
Total Current Liabilities
Short-term Debt 2,583,100
Short Long Term Debt 2,580,800
Accounts payable 3,132,600
Other Current Liabilities 236,900
Total Current Liabilities  (as reported)6,615,500
Total Current Liabilities  (calculated)8,533,400
+/- 1,917,900
Long-term Liabilities
Long term Debt Total 4,898,790
Other Liabilities 1,005,790
Long-term Liabilities  (as reported)5,904,500
Long-term Liabilities  (calculated)5,904,580
+/- 80
Total Stockholder Equity
Common Stock246,600
Retained Earnings 8,383,770
Accumulated Other Comprehensive Income 2,317,600
Capital Surplus 381,230
Total Stockholder Equity (as reported)11,334,700
Total Stockholder Equity (calculated)11,329,200
+/- 5,500
Other
Capital Stock246,600
Cash And Equivalents4,860
Cash and Short Term Investments 762,600
Common Stock Shares Outstanding 123,301
Current Deferred Revenue662,900
Liabilities and Stockholders Equity 23,854,700
Net Debt 7,214,600
Net Invested Capital 18,814,300
Net Tangible Assets 11,232,750
Net Working Capital 2,774,600
Property Plant and Equipment Gross 13,502,700
Short Long Term Debt Total 7,481,900



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-312015-03-312014-03-312013-03-312012-03-312011-03-312010-03-312009-03-312008-03-312007-03-31
> Total Assets 
5,978,170
7,668,370
10,974,260
10,504,990
10,642,170
11,317,260
11,910,810
12,696,620
12,920,200
12,750,210
13,369,960
15,417,080
16,855,080
17,679,830
19,132,200
22,131,060
23,854,700
23,854,70022,131,06019,132,20017,679,83016,855,08015,417,08013,369,96012,750,21012,920,20012,696,62011,910,81011,317,26010,642,17010,504,99010,974,2607,668,3705,978,170
   > Total Current Assets 
3,049,410
3,674,090
4,016,080
3,848,210
3,655,130
3,582,630
4,091,650
4,945,940
5,008,560
4,671,920
4,876,300
6,899,560
8,300,330
7,747,630
8,786,000
9,642,790
9,390,100
9,390,1009,642,7908,786,0007,747,6308,300,3306,899,5604,876,3004,671,9205,008,5604,945,9404,091,6503,582,6303,655,1303,848,2104,016,0803,674,0903,049,410
       Cash And Cash Equivalents 
304,310
132,650
99,910
132,660
100,850
68,780
154,420
276,840
137,030
191,570
164,650
58,220
114,130
316,830
76,370
114,410
267,300
267,300114,41076,370316,830114,13058,220164,650191,570137,030276,840154,42068,780100,850132,66099,910132,650304,310
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
143,070
211,650
201,040
3,020
91,690
102,680
495,300
495,300102,68091,6903,020201,040211,650143,0700000000000
       Net Receivables 
0
0
0
0
0
0
0
1,184,240
1,442,000
2,140,900
2,640,680
2,982,490
4,156,420
3,436,470
5,060,050
4,931,610
4,420,200
4,420,2004,931,6105,060,0503,436,4704,156,4202,982,4902,640,6802,140,9001,442,0001,184,2400000000
       Inventory 
1,487,170
1,769,460
1,846,370
1,831,310
1,722,810
1,927,730
2,570,330
3,112,930
3,139,540
2,911,130
2,635,810
3,030,530
3,642,310
3,124,640
2,666,990
3,289,790
3,167,400
3,167,4003,289,7902,666,9903,124,6403,642,3103,030,5302,635,8102,911,1303,139,5403,112,9302,570,3301,927,7301,722,8101,831,3101,846,3701,769,4601,487,170
       Other Current Assets 
1,257,930
1,771,980
2,069,800
1,884,240
1,831,470
1,586,120
1,366,900
1,556,170
1,731,990
1,569,220
2,075,840
3,599,160
387,470
4,303,140
890,900
1,204,300
1,039,900
1,039,9001,204,300890,9004,303,140387,4703,599,1602,075,8401,569,2201,731,9901,556,1701,366,9001,586,1201,831,4701,884,2402,069,8001,771,9801,257,930
   > Long-term Assets 
2,928,760
3,994,280
6,958,180
6,656,780
6,987,040
7,734,630
7,819,160
7,750,680
7,911,640
8,078,290
8,493,660
8,517,520
8,554,750
9,932,200
10,346,200
12,488,270
14,464,600
14,464,60012,488,27010,346,2009,932,2008,554,7508,517,5208,493,6608,078,2907,911,6407,750,6807,819,1607,734,6306,987,0406,656,7806,958,1803,994,2802,928,760
       Property Plant Equipment 
2,495,500
3,606,130
6,582,380
6,598,760
6,911,960
7,148,720
7,090,220
7,050,170
7,010,130
6,886,920
7,295,490
7,456,360
7,965,900
8,931,860
9,734,920
11,847,600
13,502,700
13,502,70011,847,6009,734,9208,931,8607,965,9007,456,3607,295,4906,886,9207,010,1307,050,1707,090,2207,148,7206,911,9606,598,7606,582,3803,606,1302,495,500
       Goodwill 
126,070
157,070
158,020
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000158,020157,070126,070
       Long Term Investments 
0
0
0
0
0
0
0
31,170
31,170
31,170
36,160
26,010
10,240
0
0
0
0
000010,24026,01036,16031,17031,17031,1700000000
       Intangible Assets 
0
0
0
0
0
0
0
0
0
6,140
15,360
58,370
82,490
108,530
102,500
102,900
102,000
102,000102,900102,500108,53082,49058,37015,3606,140000000000
       Long-term Assets Other 
255,760
209,830
217,780
34,580
32,250
585,910
728,940
700,510
901,510
1,191,370
1,198,170
1,181,900
242,960
-8,967,170
449,800
570,700
597,000
597,000570,700449,800-8,967,170242,9601,181,9001,198,1701,191,370901,510700,510728,940585,91032,25034,580217,780209,830255,760
> Total Liabilities 
4,139,070
5,939,790
7,327,500
6,653,120
6,637,240
7,011,230
7,408,110
7,649,540
7,595,380
7,112,390
7,157,510
8,723,230
9,292,990
9,514,810
9,798,180
11,451,250
12,520,000
12,520,00011,451,2509,798,1809,514,8109,292,9908,723,2307,157,5107,112,3907,595,3807,649,5407,408,1107,011,2306,637,2406,653,1207,327,5005,939,7904,139,070
   > Total Current Liabilities 
1,081,610
1,380,050
1,503,410
1,664,760
1,272,550
4,476,260
5,028,970
4,667,220
5,178,720
3,743,550
3,392,100
5,600,450
6,025,710
5,963,210
6,567,850
7,691,830
6,615,500
6,615,5007,691,8306,567,8505,963,2106,025,7105,600,4503,392,1003,743,5505,178,7204,667,2205,028,9704,476,2601,272,5501,664,7601,503,4101,380,0501,081,610
       Short-term Debt 
0
0
0
0
0
0
2,602,830
2,155,480
2,310,110
1,719,590
1,768,760
3,384,610
3,630,770
3,415,460
3,467,860
3,881,130
2,583,100
2,583,1003,881,1303,467,8603,415,4603,630,7703,384,6101,768,7601,719,5902,310,1102,155,4802,602,830000000
       Short Long Term Debt 
0
0
0
0
0
0
0
5,458,400
1,137,530
363,560
1,768,760
3,384,610
3,630,770
3,413,200
2,514,300
3,877,600
2,580,800
2,580,8003,877,6002,514,3003,413,2003,630,7703,384,6101,768,760363,5601,137,5305,458,4000000000
       Accounts payable 
0
0
0
0
0
0
1,129,420
1,311,920
1,372,110
1,278,690
1,304,240
1,645,460
1,610,450
2,011,610
2,296,190
2,490,690
3,132,600
3,132,6002,490,6902,296,1902,011,6101,610,4501,645,4601,304,2401,278,6901,372,1101,311,9201,129,420000000
       Other Current Liabilities 
1,081,610
1,380,050
1,503,410
1,664,760
1,272,550
4,476,260
1,296,720
1,199,820
1,496,500
745,270
303,000
485,430
716,090
3,951,600
123,000
10
236,900
236,90010123,0003,951,600716,090485,430303,000745,2701,496,5001,199,8201,296,7204,476,2601,272,5501,664,7601,503,4101,380,0501,081,610
   > Long-term Liabilities 
3,057,460
4,559,740
5,824,090
4,988,360
5,364,690
2,534,970
2,379,140
2,982,320
2,416,660
3,368,840
3,765,410
3,122,780
3,267,280
3,551,600
3,230,330
3,759,420
5,904,500
5,904,5003,759,4203,230,3303,551,6003,267,2803,122,7803,765,4103,368,8402,416,6602,982,3202,379,1402,534,9705,364,6904,988,3605,824,0904,559,7403,057,460
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
2,877,370
3,201,520
2,966,310
2,978,470
3,043,130
2,634,650
2,869,000
4,898,790
4,898,7902,869,0002,634,6503,043,1302,978,4702,966,3103,201,5202,877,370000000000
       Other Liabilities 
0
0
0
0
0
0
0
434,100
402,230
402,710
142,970
156,470
288,790
508,470
595,680
890,380
1,005,790
1,005,790890,380595,680508,470288,790156,470142,970402,710402,230434,1000000000
> Total Stockholder Equity
1,674,220
1,572,290
3,538,910
3,851,870
4,004,930
4,306,030
4,502,700
5,047,080
5,324,820
5,637,820
6,212,450
6,693,850
7,562,090
8,165,020
9,334,020
10,679,810
11,334,700
11,334,70010,679,8109,334,0208,165,0207,562,0906,693,8506,212,4505,637,8205,324,8205,047,0804,502,7004,306,0304,004,9303,851,8703,538,9101,572,2901,674,220
   Common Stock
620,620
150,800
164,400
164,400
164,400
164,400
164,400
164,400
164,400
164,400
164,400
164,400
246,600
246,600
246,600
246,600
246,600
246,600246,600246,600246,600246,600164,400164,400164,400164,400164,400164,400164,400164,400164,400164,400150,800620,620
   Retained Earnings Total Equity00000000000000000
   Accumulated Other Comprehensive Income 
-2,982,880
-1,479,310
-1,707,770
-1,951,920
-2,369,910
-2,824,710
-3,319,380
-3,873,850
-4,562,220
-5,233,460
-5,873,660
-1,542,430
-2,460,010
-3,275,110
2,317,080
2,317,280
2,317,600
2,317,6002,317,2802,317,080-3,275,110-2,460,010-1,542,430-5,873,660-5,233,460-4,562,220-3,873,850-3,319,380-2,824,710-2,369,910-1,951,920-1,707,770-1,479,310-2,982,880
   Capital Surplus 
0
0
0
0
0
0
0
0
0
1,131,990
463,430
463,430
381,230
381,230
381,230
381,230
381,230
381,230381,230381,230381,230381,230463,430463,4301,131,990000000000
   Treasury Stock00000000000000000
   Other Stockholders Equity 
4,036,480
2,900,800
5,082,280
5,639,390
6,210,440
6,966,340
6,504,000
7,150,400
7,891,860
8,613,020
8,662,430
4,331,200
5,166,560
-7,270,750
386,730
386,730
386,730
386,730386,730386,730-7,270,7505,166,5604,331,2008,662,4308,613,0207,891,8607,150,4006,504,0006,966,3406,210,4405,639,3905,082,2802,900,8004,036,480



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 (+$)
totalRevenue20,047,000
Cost of Revenue-11,070,300
Gross Profit8,976,7008,976,700
 
Operating Income (+$)
Gross Profit8,976,700
Operating Expense-7,496,100
Operating Income1,487,5201,480,600
 
Operating Expense (+$)
Research Development708,390
Selling General Administrative570,680
Selling And Marketing Expenses294,170
Operating Expense7,496,1001,573,240
 
Net Interest Income (+$)
Interest Income481,000
Interest Expense-481,000
Other Finance Cost-481,000
Net Interest Income-481,000
 
Pretax Income (+$)
Operating Income1,487,520
Net Interest Income-481,000
Other Non-Operating Income Expenses0
Income Before Tax (EBT)1,053,7001,921,390
EBIT - interestExpense = 1,053,700
1,053,620
1,264,820
Interest Expense481,000
Earnings Before Interest and Taxes (EBIT)1,534,7001,534,700
Earnings Before Interest and Taxes (EBITDA)2,624,800
 
After tax Income (+$)
Income Before Tax1,053,700
Tax Provision-269,800
Net Income From Continuing Ops783,900783,900
Net Income783,820
Net Income Applicable To Common Shares783,900
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses18,566,400
Total Other Income/Expenses Net-433,870481,000
 

Technical Analysis of Hikal
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 Hikal. The general trend of Hikal is BEARISH 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 Hikal'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 Hikal 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: 286.80 < 289.55 < 296.78.

The bearish price targets are: 278.07 > 268.49 > 265.14.

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Hikal 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 Hikal Limited. The current mas is .

The long score for the Moving Averages is 0/14.
The longshort score for the Moving Averages is -14/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

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

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

Hikal 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 Hikal Limited. The current macd is -4.17936539.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-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 Hikal price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Hikal. 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 Hikal 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 down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Hikal Limited Daily Moving Average Convergence/Divergence (MACD) ChartHikal 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 Hikal Limited. The current adx is 19.49.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -2/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Hikal shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bearish trend could be forming. -1
Hikal 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 Hikal Limited. The current sar is 283.30.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Hikal Limited 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 Hikal Limited. The current rsi is 36.83. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending down: The RSI is trending down. -1
Hikal Limited Daily Relative Strength Index (RSI) ChartHikal 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 Hikal Limited. The current phase is Continuation in bear market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -4/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Hikal price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Hikal Limited Daily Stochastic Oscillator ChartHikal 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 Hikal Limited. The current cci is -120.32044838.

The long score for the Commodity Channel Index (CCI) is 0/1.
The longshort score for the Commodity Channel Index (CCI) is -1/(-1 +1).

  • CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1
Hikal Limited Daily Commodity Channel Index (CCI) ChartHikal 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 Hikal Limited. The current cmo is -30.21937546.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Hikal Limited Daily Chande Momentum Oscillator (CMO) ChartHikal 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 Hikal Limited. The current willr is -79.34782609.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Hikal is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Hikal Limited Daily Williams %R ChartHikal Limited 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 Hikal Limited.

Hikal 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 Hikal Limited. The current atr is 8.14200476.

Hikal Limited Daily Average True Range (ATR) ChartHikal Limited 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 Hikal Limited. The current obv is 42,253,212.

Hikal Limited Daily On-Balance Volume (OBV) ChartHikal 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 Hikal Limited. The current mfi is 38.80.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Hikal Limited Daily Money Flow Index (MFI) ChartHikal Limited Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Hikal 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
2023-11-06CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-07STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-08STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-09STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-10STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-15CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-16STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-22MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-11-24STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-28MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2023-11-29STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-30STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-01DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-04STOCH LONG EXITThe %K line crosses below the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-05STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-06BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-07STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-11STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-12STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-14STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-15STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-18STOCH 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).
2023-12-19BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-20RSI 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
2023-12-22STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-26WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-28RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-01-01SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-02STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-04MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-09CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-11STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-16CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-17CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-18DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-23WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-01-30DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-01MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-02MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-09SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-12MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-13DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-15DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-02-19CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-20STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-22DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-02-26CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-28STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-01STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-05DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-06DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-12STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-13BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-14RSI LONG ENTRY SHORT CLOSE30 crossover to upside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-20STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-21MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-26CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-27CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-28MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside

6.3. Candlestick Patterns

Hikal Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5036.828
Ma 20Greater thanMa 50274.395
Ma 50Greater thanMa 100283.100
Ma 100Greater thanMa 200286.083
OpenGreater thanClose269.000
Total1/5 (20.0%)
Penke

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