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Manaksia Steels Limited
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Let's analyse Manaksia Steels Limited together

PenkeI guess you are interested in Manaksia Steels 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 Manaksia Steels 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 Manaksia Steels Limited (30 sec.)










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

How much money do you get?

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

What is your share worth?

Current worth
INR44.31
Expected worth in 1 year
INR59.18
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
INR14.86
Return On Investment
26.4%

For what price can you sell your share?

Current Price per Share
INR56.20
Expected price per share
INR48.50 - INR107.00
How sure are you?
50%

1. Valuation of Manaksia Steels Limited (5 min.)




Live pricePrice per Share (EOD)

INR56.20

Intrinsic Value Per Share

INR73.71 - INR102.93

Total Value Per Share

INR118.02 - INR147.24

2. Growth of Manaksia Steels Limited (5 min.)




Is Manaksia Steels Limited growing?

Current yearPrevious yearGrowGrow %
How rich?$34.8m$31.9m$2.9m8.4%

How much money is Manaksia Steels Limited making?

Current yearPrevious yearGrowGrow %
Making money$1.4m$4.2m-$2.7m-189.8%
Net Profit Margin1.6%5.8%--

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

3. Financial Health of Manaksia Steels Limited (5 min.)




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




  Industry Rankings (Steel)  


Richest
#281 / 330

Most Revenue
#212 / 330

Most Profit
#209 / 330

Most Efficient
#206 / 330

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

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

What can you expect buying and holding a share of Manaksia Steels Limited?

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

Speculation

The Price per Share of Manaksia Steels Limited is INR56.20. 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 Manaksia Steels Limited.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Manaksia Steels Limited, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is INR44.31. Based on the TTM, the Book Value Change Per Share is INR3.72 per quarter. Based on the YOY, the Book Value Change Per Share is INR6.60 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is INR0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Manaksia Steels Limited.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps0.020.0%0.020.0%0.060.1%0.030.1%0.030.0%
Usd Book Value Change Per Share0.040.1%0.040.1%0.080.1%0.040.1%0.050.1%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.040.1%0.040.1%0.080.1%0.040.1%0.050.1%
Usd Price Per Share0.43-0.43-0.52-0.31-0.24-
Price to Earnings Ratio19.09-19.09-8.05-10.98-10.13-
Price-to-Total Gains Ratio9.55-9.55-6.58-8.66-10.26-
Price to Book Ratio0.80-0.80-1.07-0.71-0.64-
Price-to-Total Gains Ratio9.55-9.55-6.58-8.66-10.26-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.6744
Number of shares1482
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.040.04
Usd Total Gains Per Share0.040.04
Gains per Quarter (1482 shares)66.0862.17
Gains per Year (1482 shares)264.32248.67
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
102642540249239
205295180497488
307937820746737
40105710460995986
5013221310012431235
6015861574014921484
7018501838017411733
8021152102019891982
9023792366022382231
10026432630024872480

How sure are you?

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

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%10.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%10.00.00.0100.0%
Dividend per Share0.00.01.00.0%0.00.03.00.0%0.00.05.00.0%0.00.010.00.0%0.00.010.00.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%10.00.00.0100.0%

Fundamentals of Manaksia Steels Limited

About Manaksia Steels Limited

Manaksia Steels Limited manufactures and sells secondary steel products primarily for housing and infrastructure sectors in India and internationally. The company offers cold rolled sheets used in automobiles rims, general engineering, and furniture applications. It provides galvanized steel sheets for use in the roofing, cladding, insulated panels, automotive body building, white goods, and housing for appliances and storage units, etc. In addition, the company offers hot dipped galvanized steel sheets and coils used in building materials, automobiles, white good industry, and electronics appliances, as well as color coated sheets and coils. Manaksia Steels Limited was incorporated in 2001 and is based in Kolkata, India.

Fundamental data was last updated by Penke on 2024-03-23 13:41:02.

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 inefficient 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 able to pay all its short-term debts.
The company is very 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 fair priced.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of Manaksia Steels Limited.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Manaksia Steels Limited earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare Manaksia Steels Limited to the Steel industry mean.
  • A Net Profit Margin of 1.6% means that ₹0.02 for each ₹1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Manaksia Steels Limited:

  • The MRQ is 1.6%. The company is making a profit. +1
  • The TTM is 1.6%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ1.6%TTM1.6%0.0%
TTM1.6%YOY5.8%-4.1%
TTM1.6%5Y3.1%-1.5%
5Y3.1%10Y3.1%+0.1%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6%2.6%-1.0%
TTM1.6%2.9%-1.3%
YOY5.8%4.8%+1.0%
5Y3.1%3.5%-0.4%
10Y3.1%2.9%+0.2%
1.1.2. Return on Assets

Shows how efficient Manaksia Steels Limited is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Manaksia Steels Limited to the Steel industry mean.
  • 2.9% Return on Assets means that Manaksia Steels Limited generated ₹0.03 profit for each $1 in assets.

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

  • The MRQ is 2.9%. Using its assets, the company is less efficient in making profit.
  • The TTM is 2.9%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ2.9%TTM2.9%0.0%
TTM2.9%YOY10.1%-7.2%
TTM2.9%5Y5.1%-2.2%
5Y5.1%10Y4.2%+0.9%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ2.9%1.1%+1.8%
TTM2.9%1.2%+1.7%
YOY10.1%1.9%+8.2%
5Y5.1%1.3%+3.8%
10Y4.2%1.0%+3.2%
1.1.3. Return on Equity

Shows how efficient Manaksia Steels Limited is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Manaksia Steels Limited to the Steel industry mean.
  • 4.2% Return on Equity means Manaksia Steels Limited generated ₹0.04 for each ₹1 the owners (shareholders) invested.

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

  • The MRQ is 4.2%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 4.2%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ4.2%TTM4.2%0.0%
TTM4.2%YOY13.3%-9.1%
TTM4.2%5Y7.7%-3.5%
5Y7.7%10Y6.9%+0.8%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ4.2%2.0%+2.2%
TTM4.2%2.2%+2.0%
YOY13.3%3.8%+9.5%
5Y7.7%2.4%+5.3%
10Y6.9%1.8%+5.1%

1.2. Operating Efficiency of Manaksia Steels Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Manaksia Steels Limited is operating .

  • Measures how much profit Manaksia Steels Limited makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Manaksia Steels Limited to the Steel industry mean.
  • An Operating Margin of 2.8% means the company generated ₹0.03  for each ₹1 in revenue (before taxes).

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

  • The MRQ is 2.8%. The company is operating less efficient.
  • The TTM is 2.8%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ2.8%TTM2.8%0.0%
TTM2.8%YOY7.6%-4.8%
TTM2.8%5Y4.4%-1.6%
5Y4.4%10Y4.9%-0.4%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ2.8%5.9%-3.1%
TTM2.8%3.4%-0.6%
YOY7.6%6.1%+1.5%
5Y4.4%5.6%-1.2%
10Y4.9%4.1%+0.8%
1.2.2. Operating Ratio

Measures how efficient Manaksia Steels Limited is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Steel industry mean).
  • An Operation Ratio of 0.98 means that the operating costs are ₹0.98 for each ₹1 in net sales.

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

  • The MRQ is 0.981. The company is less efficient in keeping operating costs low.
  • The TTM is 0.981. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.981TTM0.9810.000
TTM0.981YOY0.929+0.052
TTM0.9815Y0.959+0.022
5Y0.95910Y0.955+0.004
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9811.706-0.725
TTM0.9811.629-0.648
YOY0.9291.488-0.559
5Y0.9591.527-0.568
10Y0.9551.306-0.351

1.3. Liquidity of Manaksia Steels Limited.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Manaksia Steels Limited is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Steel industry mean).
  • A Current Ratio of 2.39 means the company has ₹2.39 in assets for each ₹1 in short-term debts.

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

  • The MRQ is 2.390. The company is able to pay all its short-term debts. +1
  • The TTM is 2.390. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ2.390TTM2.3900.000
TTM2.390YOY2.740-0.350
TTM2.3905Y1.816+0.575
5Y1.81610Y1.851-0.035
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ2.3901.669+0.721
TTM2.3901.736+0.654
YOY2.7401.669+1.071
5Y1.8161.615+0.201
10Y1.8511.436+0.415
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Manaksia Steels Limited to the Steel industry mean.
  • A Quick Ratio of 2.14 means the company can pay off ₹2.14 for each ₹1 in debt (using most liquid assets).

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

  • The MRQ is 2.143. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 2.143. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ2.143TTM2.1430.000
TTM2.143YOY1.224+0.919
TTM2.1435Y1.054+1.088
5Y1.05410Y0.921+0.133
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ2.1430.612+1.531
TTM2.1430.647+1.496
YOY1.2240.717+0.507
5Y1.0540.693+0.361
10Y0.9210.633+0.288

1.4. Solvency of Manaksia Steels Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Manaksia Steels Limited assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Manaksia Steels Limited to Steel industry mean.
  • A Debt to Asset Ratio of 0.31 means that Manaksia Steels Limited assets are financed with 30.9% credit (debt) and the remaining percentage (100% - 30.9%) is financed by its owners/shareholders. 

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

  • The MRQ is 0.309. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.309. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.309TTM0.3090.000
TTM0.309YOY0.240+0.069
TTM0.3095Y0.377-0.068
5Y0.37710Y0.411-0.034
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3090.447-0.138
TTM0.3090.449-0.140
YOY0.2400.477-0.237
5Y0.3770.487-0.110
10Y0.4110.510-0.099
1.4.2. Debt to Equity Ratio

Measures if Manaksia Steels Limited is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Manaksia Steels Limited to the Steel industry mean.
  • A Debt to Equity ratio of 44.7% means that company has ₹0.45 debt for each ₹1 in shareholders equity.

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

  • The MRQ is 0.447. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.447. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.447TTM0.4470.000
TTM0.447YOY0.316+0.131
TTM0.4475Y0.650-0.203
5Y0.65010Y0.755-0.105
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4470.812-0.365
TTM0.4470.848-0.401
YOY0.3160.938-0.622
5Y0.6500.997-0.347
10Y0.7551.192-0.437

2. Market Valuation of Manaksia Steels 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 Manaksia Steels Limited generates.

  • Above 15 is considered overpriced but always compare Manaksia Steels Limited to the Steel industry mean.
  • A PE ratio of 19.09 means the investor is paying ₹19.09 for every ₹1 in earnings.

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

  • The EOD is 30.225. Based on the earnings, the company is overpriced. -1
  • The MRQ is 19.092. Based on the earnings, the company is fair priced.
  • The TTM is 19.092. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD30.225MRQ19.092+11.133
MRQ19.092TTM19.0920.000
TTM19.092YOY8.053+11.039
TTM19.0925Y10.980+8.113
5Y10.98010Y10.130+0.849
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
EOD30.2258.509+21.716
MRQ19.0927.916+11.176
TTM19.0927.165+11.927
YOY8.0536.986+1.067
5Y10.9808.371+2.609
10Y10.13011.042-0.912
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is 23.112. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 14.599. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 14.599. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD23.112MRQ14.599+8.513
MRQ14.599TTM14.5990.000
TTM14.599YOY-38.072+52.671
TTM14.5995Y-4.091+18.690
5Y-4.09110Y-5.574+1.483
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
EOD23.1123.022+20.090
MRQ14.5992.944+11.655
TTM14.5992.158+12.441
YOY-38.0721.434-39.506
5Y-4.0910.944-5.035
10Y-5.5741.561-7.135
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Steel industry mean).
  • A PB ratio of 0.80 means the investor is paying ₹0.80 for each ₹1 in book value.

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

  • The EOD is 1.268. Based on the equity, the company is underpriced. +1
  • The MRQ is 0.801. Based on the equity, the company is cheap. +2
  • The TTM is 0.801. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD1.268MRQ0.801+0.467
MRQ0.801TTM0.8010.000
TTM0.801YOY1.069-0.268
TTM0.8015Y0.710+0.091
5Y0.71010Y0.638+0.072
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
EOD1.2681.005+0.263
MRQ0.8010.953-0.152
TTM0.8010.958-0.157
YOY1.0691.077-0.008
5Y0.7101.064-0.354
10Y0.6381.127-0.489
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Manaksia Steels 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--3.7163.7160%6.596-44%3.496+6%4.431-16%
Book Value Per Share--44.31344.3130%40.597+9%35.268+26%29.543+50%
Current Ratio--2.3902.3900%2.740-13%1.816+32%1.851+29%
Debt To Asset Ratio--0.3090.3090%0.240+29%0.377-18%0.411-25%
Debt To Equity Ratio--0.4470.4470%0.316+41%0.650-31%0.755-41%
Dividend Per Share----0%-0%-0%-0%
Eps--1.8591.8590%5.389-65%2.776-33%2.125-12%
Free Cash Flow Per Share--2.4322.4320%-1.140+147%3.838-37%1.154+111%
Free Cash Flow To Equity Per Share--7.8407.8400%-10.172+230%1.955+301%1.322+493%
Gross Profit Margin--0.7090.7090%0.873-19%0.725-2%0.763-7%
Intrinsic Value_10Y_max--102.927--------
Intrinsic Value_10Y_min--73.706--------
Intrinsic Value_1Y_max--5.246--------
Intrinsic Value_1Y_min--3.549--------
Intrinsic Value_3Y_max--19.624--------
Intrinsic Value_3Y_min--14.050--------
Intrinsic Value_5Y_max--38.659--------
Intrinsic Value_5Y_min--28.181--------
Market Cap3683010800.000+37%2326458775.0002326458775.0000%2844177770.000-18%1711749386.000+36%1317234405.000+77%
Net Profit Margin--0.0160.0160%0.058-72%0.031-47%0.031-46%
Operating Margin--0.0280.0280%0.076-63%0.044-36%0.049-42%
Operating Ratio--0.9810.9810%0.929+6%0.959+2%0.955+3%
Pb Ratio1.268+37%0.8010.8010%1.069-25%0.710+13%0.638+26%
Pe Ratio30.225+37%19.09219.0920%8.053+137%10.980+74%10.130+88%
Price Per Share56.200+37%35.50035.5000%43.400-18%26.120+36%20.100+77%
Price To Free Cash Flow Ratio23.112+37%14.59914.5990%-38.072+361%-4.091+128%-5.574+138%
Price To Total Gains Ratio15.125+37%9.5549.5540%6.580+45%8.657+10%10.263-7%
Quick Ratio--2.1432.1430%1.224+75%1.054+103%0.921+133%
Return On Assets--0.0290.0290%0.101-71%0.051-43%0.042-30%
Return On Equity--0.0420.0420%0.133-68%0.077-46%0.069-39%
Total Gains Per Share--3.7163.7160%6.596-44%3.496+6%4.431-16%
Usd Book Value--34848072.00034848072.0000%31925988.000+9%27735007.200+26%23233006.800+50%
Usd Book Value Change Per Share--0.0450.0450%0.079-44%0.042+6%0.053-16%
Usd Book Value Per Share--0.5320.5320%0.487+9%0.423+26%0.355+50%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps--0.0220.0220%0.065-65%0.033-33%0.025-12%
Usd Free Cash Flow--1912284.0001912284.0000%-896460.000+147%3017918.400-37%907179.600+111%
Usd Free Cash Flow Per Share--0.0290.0290%-0.014+147%0.046-37%0.014+111%
Usd Free Cash Flow To Equity Per Share--0.0940.0940%-0.122+230%0.023+301%0.016+493%
Usd Market Cap44196129.600+37%27917505.30027917505.3000%34130133.240-18%20540992.632+36%15806812.860+77%
Usd Price Per Share0.674+37%0.4260.4260%0.521-18%0.313+36%0.241+77%
Usd Profit--1462248.0001462248.0000%4238052.000-65%2189755.200-33%1674210.000-13%
Usd Revenue--89085072.00089085072.0000%73291956.000+22%73878026.400+21%56952331.200+56%
Usd Total Gains Per Share--0.0450.0450%0.079-44%0.042+6%0.053-16%
 EOD+4 -4MRQTTM+0 -0YOY+13 -215Y+18 -1610Y+16 -18

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1530.225
Price to Book Ratio (EOD)Between0-11.268
Net Profit Margin (MRQ)Greater than00.016
Operating Margin (MRQ)Greater than00.028
Quick Ratio (MRQ)Greater than12.143
Current Ratio (MRQ)Greater than12.390
Debt to Asset Ratio (MRQ)Less than10.309
Debt to Equity Ratio (MRQ)Less than10.447
Return on Equity (MRQ)Greater than0.150.042
Return on Assets (MRQ)Greater than0.050.029
Total6/10 (60.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5037.023
Ma 20Greater thanMa 5062.413
Ma 50Greater thanMa 10074.523
Ma 100Greater thanMa 20061.073
OpenGreater thanClose58.900
Total3/5 (60.0%)



Latest Balance Sheet

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

Summary
Total Assets4,201,080
Total Liabilities1,297,074
Total Stockholder Equity2,904,006
 As reported
Total Liabilities 1,297,074
Total Stockholder Equity+ 2,904,006
Total Assets = 4,201,080

Assets

Total Assets4,201,080
Total Current Assets2,914,507
Long-term Assets1,286,573
Total Current Assets
Cash And Cash Equivalents 114,385
Short-term Investments 1,159,645
Net Receivables 178,716
Inventory 1,256,229
Other Current Assets 205,532
Total Current Assets  (as reported)2,914,507
Total Current Assets  (calculated)2,914,507
+/-0
Long-term Assets
Property Plant Equipment 789,737
Long-term Assets Other 65,486
Long-term Assets  (as reported)1,286,573
Long-term Assets  (calculated)855,223
+/- 431,350

Liabilities & Shareholders' Equity

Total Current Liabilities1,219,294
Long-term Liabilities77,780
Total Stockholder Equity2,904,006
Total Current Liabilities
Short-term Debt 485,554
Short Long Term Debt 481,693
Accounts payable 151,154
Other Current Liabilities 29,632
Total Current Liabilities  (as reported)1,219,294
Total Current Liabilities  (calculated)1,148,033
+/- 71,261
Long-term Liabilities
Long term Debt Total 3,129
Capital Lease Obligations 6,990
Long-term Liabilities  (as reported)77,780
Long-term Liabilities  (calculated)10,119
+/- 67,661
Total Stockholder Equity
Common Stock65,534
Retained Earnings 1,314,114
Accumulated Other Comprehensive Income 1,056,965
Capital Surplus 467,393
Total Stockholder Equity (as reported)2,904,006
Total Stockholder Equity (calculated)2,904,006
+/- 0
Other
Capital Stock65,534
Cash And Equivalents35,200
Cash and Short Term Investments 1,274,030
Common Stock Shares Outstanding 65,534
Current Deferred Revenue552,954
Liabilities and Stockholders Equity 4,201,080
Net Debt 374,298
Net Invested Capital 3,385,699
Net Working Capital 1,695,213
Property Plant and Equipment Gross 789,737
Short Long Term Debt Total 488,683



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-312015-03-312014-03-31
> Total Assets 
3,399,717
2,287,623
2,494,446
2,563,340
3,754,614
3,351,456
4,033,076
3,488,909
3,500,989
4,201,080
4,201,0803,500,9893,488,9094,033,0763,351,4563,754,6142,563,3402,494,4462,287,6233,399,717
   > Total Current Assets 
2,643,775
1,594,610
1,861,972
1,993,407
3,007,444
2,281,565
2,637,493
1,377,059
2,139,130
2,914,507
2,914,5072,139,1301,377,0592,637,4932,281,5653,007,4441,993,4071,861,9721,594,6102,643,775
       Cash And Cash Equivalents 
150,459
223,522
294,296
285,027
227,134
204,012
435,227
164,128
153,181
114,385
114,385153,181164,128435,227204,012227,134285,027294,296223,522150,459
       Short-term Investments 
0
0
0
0
189,899
161,504
27,847
38,471
221,817
1,159,645
1,159,645221,81738,47127,847161,504189,8990000
       Net Receivables 
0
0
911,436
936,220
1,021,704
925,412
481,233
307,805
358,327
178,716
178,716358,327307,805481,233925,4121,021,704936,220911,43600
       Inventory 
1,329,064
603,529
490,304
489,587
1,316,502
898,063
1,386,774
861,353
1,048,079
1,256,229
1,256,2291,048,079861,3531,386,774898,0631,316,502489,587490,304603,5291,329,064
       Other Current Assets 
1,164,252
767,559
1,077,372
1,218,793
1,273,909
92,574
787,645
5,302
357,726
205,532
205,532357,7265,302787,64592,5741,273,9091,218,7931,077,372767,5591,164,252
   > Long-term Assets 
755,942
693,013
632,474
569,933
747,170
1,069,891
1,395,583
2,111,850
1,361,859
1,286,573
1,286,5731,361,8592,111,8501,395,5831,069,891747,170569,933632,474693,013755,942
       Property Plant Equipment 
752,761
689,832
632,017
569,863
740,706
1,023,320
1,017,711
885,924
818,503
789,737
789,737818,503885,9241,017,7111,023,320740,706569,863632,017689,832752,761
       Long Term Investments 
0
0
0
0
6,245
37,614
0
0
0
0
000037,6146,2450000
       Intangible Assets 
0
0
0
0
147
122
81
51
23
0
02351811221470000
       Long-term Assets Other 
3,181
3,181
457
70
189,971
2
27,835
152,834
2
65,486
65,4862152,83427,8352189,971704573,1813,181
> Total Liabilities 
1,994,655
803,749
960,790
939,906
1,996,054
1,499,681
2,121,325
1,260,687
840,490
1,297,074
1,297,074840,4901,260,6872,121,3251,499,6811,996,054939,906960,790803,7491,994,655
   > Total Current Liabilities 
1,902,644
730,126
895,386
886,888
1,964,188
1,470,375
2,094,998
1,210,534
780,614
1,219,294
1,219,294780,6141,210,5342,094,9981,470,3751,964,188886,888895,386730,1261,902,644
       Short-term Debt 
1,280,289
446,578
538,691
574,912
938,690
21,733
593,203
657,487
85,601
485,554
485,55485,601657,487593,20321,733938,690574,912538,691446,5781,280,289
       Short Long Term Debt 
0
0
0
574,912
938,690
21,733
589,345
653,021
82,115
481,693
481,69382,115653,021589,34521,733938,690574,912000
       Accounts payable 
496,729
209,974
244,829
158,883
841,838
1,312,062
1,304,843
393,484
128,735
151,154
151,154128,735393,4841,304,8431,312,062841,838158,883244,829209,974496,729
       Other Current Liabilities 
125,626
73,574
111,866
153,093
174,504
3,281
790,155
10,799
14,859
29,632
29,63214,85910,799790,1553,281174,504153,093111,86673,574125,626
   > Long-term Liabilities 
92,011
73,623
65,404
53,018
31,866
29,306
26,327
50,153
59,876
77,780
77,78059,87650,15326,32729,30631,86653,01865,40473,62392,011
       Long term Debt Total 
0
0
0
0
19,184
6,772
15,990
12,973
9,847
3,129
3,1299,84712,97315,9906,77219,1840000
       Other Liabilities 
0
0
65,404
53,018
12,682
22,584
10,337
37,180
50,028
0
050,02837,18010,33722,58412,68253,01865,40400
> Total Stockholder Equity
1,405,062
1,483,874
1,533,656
1,623,434
1,758,560
1,851,775
1,911,751
2,228,222
2,660,499
2,904,006
2,904,0062,660,4992,228,2221,911,7511,851,7751,758,5601,623,4341,533,6561,483,8741,405,062
   Common Stock
500
65,534
65,534
65,534
65,534
65,534
65,534
65,534
65,534
65,534
65,53465,53465,53465,53465,53465,53465,53465,53465,534500
   Retained Earnings Total Equity0000000000
   Accumulated Other Comprehensive Income 
-241,006
-323,523
-398,406
-472,622
-149,898
-210,013
-298,608
857,168
935,714
1,056,965
1,056,965935,714857,168-298,608-210,013-149,898-472,622-398,406-323,523-241,006
   Capital Surplus 
0
0
0
0
0
467,393
467,393
467,393
467,393
467,393
467,393467,393467,393467,393467,39300000
   Treasury Stock0000000000
   Other Stockholders Equity 
1,645,568
1,741,863
1,680,131
1,754,347
1,438,977
1,508,981
-1,452,559
467,393
467,393
467,393
467,393467,393467,393-1,452,5591,508,9811,438,9771,754,3471,680,1311,741,8631,645,568



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 (+$)
totalRevenue7,423,756
Cost of Revenue-6,230,355
Gross Profit1,193,4011,193,401
 
Operating Income (+$)
Gross Profit1,193,401
Operating Expense-1,055,670
Operating Income165,190137,731
 
Operating Expense (+$)
Research Development0
Selling General Administrative11,830
Selling And Marketing Expenses35,483
Operating Expense1,055,67047,313
 
Net Interest Income (+$)
Interest Income39,320
Interest Expense-39,320
Other Finance Cost-39,320
Net Interest Income-39,320
 
Pretax Income (+$)
Operating Income165,190
Net Interest Income-39,320
Other Non-Operating Income Expenses0
Income Before Tax (EBT)171,080159,300
EBIT - interestExpense = 171,080
171,080
161,174
Interest Expense39,320
Earnings Before Interest and Taxes (EBIT)210,400210,400
Earnings Before Interest and Taxes (EBITDA)313,188
 
After tax Income (+$)
Income Before Tax171,080
Tax Provision-49,226
Net Income From Continuing Ops121,854121,854
Net Income121,854
Net Income Applicable To Common Shares121,854
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses7,286,025
Total Other Income/Expenses Net5,89039,320
 

Technical Analysis of Manaksia Steels Limited
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Manaksia Steels Limited. The general trend of Manaksia Steels Limited is BULLISH with 14.3% 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 Manaksia Steels Limited's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (14.3%) Bearish trend (-14.3%)
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 Manaksia Steels 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: 72.10 < 88.30 < 107.00.

The bearish price targets are: 51.80 > 50.75 > 48.50.

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Manaksia Steels 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 Manaksia Steels Limited. The current mas is .

The long score for the Moving Averages is 8/14.
The longshort score for the Moving Averages is 2/(-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 higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher 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 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 below the MA 100. -1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is 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

Manaksia Steels 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 Manaksia Steels Limited. The current macd is -4.7538644.

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 Manaksia Steels Limited price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Manaksia Steels Limited. 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 Manaksia Steels Limited 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
Manaksia Steels Limited Daily Moving Average Convergence/Divergence (MACD) ChartManaksia Steels 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 Manaksia Steels Limited. The current adx is 28.95.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -3/(-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 Manaksia Steels Limited shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bearish trend. The ADX is declining, the bearish trend is weakening. Could be a potential reversal to the upside. -2
Manaksia Steels 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 Manaksia Steels Limited. The current sar is 53.06.

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
Manaksia Steels 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 Manaksia Steels Limited. The current rsi is 37.02. The current phase is Correction in bull 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).

  • Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
  • Trending down: The RSI is trending down. -1
Manaksia Steels Limited Daily Relative Strength Index (RSI) ChartManaksia Steels 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 Manaksia Steels Limited. The current phase is Correction in bull 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 Manaksia Steels Limited price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Manaksia Steels Limited Daily Stochastic Oscillator ChartManaksia Steels 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 Manaksia Steels Limited. The current cci is -52.13023605.

Manaksia Steels Limited Daily Commodity Channel Index (CCI) ChartManaksia Steels 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 Manaksia Steels Limited. The current cmo is -27.04855747.

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
Manaksia Steels Limited Daily Chande Momentum Oscillator (CMO) ChartManaksia Steels 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 Manaksia Steels Limited. The current willr is -75.14124294.

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

Manaksia Steels 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 Manaksia Steels Limited. The current atr is 4.07592294.

Manaksia Steels Limited Daily Average True Range (ATR) ChartManaksia Steels 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 Manaksia Steels Limited. The current obv is 41,756,019.

Manaksia Steels Limited Daily On-Balance Volume (OBV) ChartManaksia Steels 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 Manaksia Steels Limited. The current mfi is 27.99.

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
Manaksia Steels Limited Daily Money Flow Index (MFI) ChartManaksia Steels Limited Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Manaksia Steels 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
2023-11-08DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-11-09DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-11-12WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-13STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-15CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-17CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-20STOCH 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
2023-11-21DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-23STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-24STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-29SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-11-30CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-04MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-05DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-12-06CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-07STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-11DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-12-13CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-18STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-20SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-21MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-22STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-26MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-27MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-28STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-01STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-02WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-03STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-08STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-09MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-10RSI 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
2024-01-11STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-12RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-18STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-19BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-20ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-22RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-23BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
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).
2024-01-25ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-29ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-30STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-01SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-02MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-05STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-08MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-12CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-15CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-16MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-19MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-20STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-23CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-26DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-02-27STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-28DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-29DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-02STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-05CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-06BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
MFI SHORT ENTRY LONG CLOSE20 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.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
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.
2024-03-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-21RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-03-22SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-03-27MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-28STOCH LONG EXITThe %K line crosses below the %D line.

6.3. Candlestick Patterns

Manaksia Steels Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5037.023
Ma 20Greater thanMa 5062.413
Ma 50Greater thanMa 10074.523
Ma 100Greater thanMa 20061.073
OpenGreater thanClose58.900
Total3/5 (60.0%)
Penke

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