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NAHAR SPINNING MILLS LTD.
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Let's analyse NAHAR SPINNING MILLS LTD. together

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

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Quick analysis of NAHAR SPINNING MILLS LTD. (30 sec.)










What can you expect buying and holding a share of NAHAR SPINNING MILLS LTD.? (30 sec.)

How much money do you get?

How much money do you get?
INR0.10
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
INR430.86
Expected worth in 1 year
INR379.09
How sure are you?
60.0%

+ What do you gain per year?

Total Gains per Share
INR-43.76
Return On Investment
-16.3%

For what price can you sell your share?

Current Price per Share
INR268.85
Expected price per share
INR237.27 - INR335.00
How sure are you?
50%

1. Valuation of NAHAR SPINNING MILLS LTD. (5 min.)




Live pricePrice per Share (EOD)

INR268.85

Intrinsic Value Per Share

INR1,284.63 - INR1,546.01

Total Value Per Share

INR1,715.49 - INR1,976.87

2. Growth of NAHAR SPINNING MILLS LTD. (5 min.)




Is NAHAR SPINNING MILLS LTD. growing?

Current yearPrevious yearGrowGrow %
How rich?$186.4m$192m-$5.6m-3.0%

How much money is NAHAR SPINNING MILLS LTD. making?

Current yearPrevious yearGrowGrow %
Making money$13.2m$60.2m-$46.9m-353.3%
Net Profit Margin4.0%14.4%--

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

3. Financial Health of NAHAR SPINNING MILLS LTD. (5 min.)




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




  Industry Rankings (Textile Manufacturing)  


Richest
#81 / 299

Most Revenue
#35 / 299

Most Profit
#42 / 299

Most Efficient
#115 / 299

What can you expect buying and holding a share of NAHAR SPINNING MILLS LTD.? (5 min.)

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

What can you expect buying and holding a share of NAHAR SPINNING MILLS LTD.?

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

Speculation

The Price per Share of NAHAR SPINNING MILLS LTD. is INR268.85. 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 NAHAR SPINNING MILLS LTD..
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

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

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is INR430.86. Based on the TTM, the Book Value Change Per Share is INR-12.94 per quarter. Based on the YOY, the Book Value Change Per Share is INR194.83 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 INR2.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of NAHAR SPINNING MILLS LTD..

How much money are you going to get?

 MRQTTMYOY5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps0.390.1%0.390.1%1.670.6%0.450.2%0.450.2%
Usd Book Value Change Per Share-0.16-0.1%-0.16-0.1%2.340.9%1.030.4%1.030.4%
Usd Dividend Per Share0.020.0%0.020.0%0.040.0%0.020.0%0.020.0%
Usd Total Gains Per Share-0.130.0%-0.130.0%2.370.9%1.060.4%1.060.4%
Usd Price Per Share2.88-2.88-6.12-2.33-2.33-
Price to Earnings Ratio7.45-7.45-3.66-4.70-4.70-
Price-to-Total Gains Ratio-21.97--21.97-2.58--3.31--3.31-
Price to Book Ratio0.56-0.56-1.15-0.52-0.52-
Price-to-Total Gains Ratio-21.97--21.97-2.58--3.31--3.31-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share3.2262
Number of shares309
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.020.02
Usd Book Value Change Per Share-0.161.03
Usd Total Gains Per Share-0.131.06
Gains per Quarter (309 shares)-40.57326.57
Gains per Year (309 shares)-162.271,306.27
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
130-192-1722812781296
259-384-3345625562602
389-576-4968538343908
4119-768-65811351125214
5148-960-82014163906520
6178-1152-98216976697826
7208-1344-114419789479132
8237-1535-13062251022510438
9267-1727-14682541150311744
10297-1919-16302821278113050

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%4.01.00.080.0%4.01.00.080.0%4.01.00.080.0%
Book Value Change Per Share0.01.00.00.0%2.01.00.066.7%3.02.00.060.0%3.02.00.060.0%3.02.00.060.0%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%5.00.00.0100.0%5.00.00.0100.0%
Total Gains per Share0.01.00.00.0%2.01.00.066.7%3.02.00.060.0%3.02.00.060.0%3.02.00.060.0%

Fundamentals of NAHAR SPINNING MILLS LTD.

About NAHAR SPINNING MILLS LTD.

Nahar Spinning Mills Limited manufactures and sells yarns and hosiery knitwear products in India. It offers raw white combed, raw white carded/open end, dyed, organic cotton, fair trade cotton, better cotton initiative, melange, gassed/mercerized, compact spun, blended, synthetic/man-made fiber, and cleaner yarns, as well as grindle, space-dyed, slub, core spun, high twist, reverse twist, and elitwist yarns. The company also provides woolen/cotton hosiery knitwears and woolen textiles; and T-shirts. It exports its products primarily to the United States, the United Kingdom, France, Brazil, Bangladesh, Mauritius, Honduras, Argentina, Colombia, Peru, Chile, the Netherlands, Japan, Canada, Korea, Taiwan, Hong Kong, Singapore, Egypt, and Russia. Nahar Spinning Mills Limited was incorporated in 1980 and is based in Ludhiana, India.

Fundamental data was last updated by Penke on 2024-03-23 14:57:02.

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

Valuation

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

1.1. Profitability of NAHAR SPINNING MILLS LTD..

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit NAHAR SPINNING MILLS LTD. earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare NAHAR SPINNING MILLS LTD. to the Textile Manufacturing industry mean.
  • A Net Profit Margin of 4.0% 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 NAHAR SPINNING MILLS LTD.:

  • The MRQ is 4.0%. The company is making a profit. +1
  • The TTM is 4.0%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ4.0%TTM4.0%0.0%
TTM4.0%YOY14.4%-10.5%
TTM4.0%5Y4.1%-0.2%
5Y4.1%10Y4.1%0.0%
Compared to industry (Textile Manufacturing)
PeriodCompanyIndustry (mean)+/- 
MRQ4.0%2.2%+1.8%
TTM4.0%1.8%+2.2%
YOY14.4%3.7%+10.7%
5Y4.1%2.1%+2.0%
10Y4.1%2.5%+1.6%
1.1.2. Return on Assets

Shows how efficient NAHAR SPINNING MILLS LTD. is using its assets to generate profit.

  • Above 5% is considered healthy but always compare NAHAR SPINNING MILLS LTD. to the Textile Manufacturing industry mean.
  • 4.4% Return on Assets means that NAHAR SPINNING MILLS LTD. generated ₹0.04 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of NAHAR SPINNING MILLS LTD.:

  • The MRQ is 4.4%. Using its assets, the company is less efficient in making profit.
  • The TTM is 4.4%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ4.4%TTM4.4%0.0%
TTM4.4%YOY17.0%-12.6%
TTM4.4%5Y4.8%-0.4%
5Y4.8%10Y4.8%0.0%
Compared to industry (Textile Manufacturing)
PeriodCompanyIndustry (mean)+/- 
MRQ4.4%0.6%+3.8%
TTM4.4%0.5%+3.9%
YOY17.0%1.1%+15.9%
5Y4.8%0.9%+3.9%
10Y4.8%0.9%+3.9%
1.1.3. Return on Equity

Shows how efficient NAHAR SPINNING MILLS LTD. is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare NAHAR SPINNING MILLS LTD. to the Textile Manufacturing industry mean.
  • 7.1% Return on Equity means NAHAR SPINNING MILLS LTD. generated ₹0.07 for each ₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of NAHAR SPINNING MILLS LTD.:

  • The MRQ is 7.1%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 7.1%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ7.1%TTM7.1%0.0%
TTM7.1%YOY31.4%-24.2%
TTM7.1%5Y8.8%-1.7%
5Y8.8%10Y8.8%0.0%
Compared to industry (Textile Manufacturing)
PeriodCompanyIndustry (mean)+/- 
MRQ7.1%1.2%+5.9%
TTM7.1%1.2%+5.9%
YOY31.4%2.5%+28.9%
5Y8.8%1.8%+7.0%
10Y8.8%1.8%+7.0%

1.2. Operating Efficiency of NAHAR SPINNING MILLS LTD..

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient NAHAR SPINNING MILLS LTD. is operating .

  • Measures how much profit NAHAR SPINNING MILLS LTD. makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare NAHAR SPINNING MILLS LTD. to the Textile Manufacturing industry mean.
  • An Operating Margin of 6.0% means the company generated ₹0.06  for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of NAHAR SPINNING MILLS LTD.:

  • The MRQ is 6.0%. The company is operating less efficient.
  • The TTM is 6.0%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ6.0%TTM6.0%0.0%
TTM6.0%YOY21.1%-15.1%
TTM6.0%5Y7.6%-1.6%
5Y7.6%10Y7.6%0.0%
Compared to industry (Textile Manufacturing)
PeriodCompanyIndustry (mean)+/- 
MRQ6.0%4.3%+1.7%
TTM6.0%2.0%+4.0%
YOY21.1%5.1%+16.0%
5Y7.6%4.2%+3.4%
10Y7.6%3.9%+3.7%
1.2.2. Operating Ratio

Measures how efficient NAHAR SPINNING MILLS LTD. is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Textile Manufacturing industry mean).
  • An Operation Ratio of 1.62 means that the operating costs are ₹1.62 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of NAHAR SPINNING MILLS LTD.:

  • The MRQ is 1.617. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.617. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.617TTM1.6170.000
TTM1.617YOY1.371+0.246
TTM1.6175Y1.574+0.043
5Y1.57410Y1.5740.000
Compared to industry (Textile Manufacturing)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6171.660-0.043
TTM1.6171.676-0.059
YOY1.3711.628-0.257
5Y1.5741.623-0.049
10Y1.5741.380+0.194

1.3. Liquidity of NAHAR SPINNING MILLS LTD..

1.3. Liquidity
1.3.1. Current Ratio

Measures if NAHAR SPINNING MILLS LTD. is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Textile Manufacturing industry mean).
  • A Current Ratio of 1.89 means the company has ₹1.89 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of NAHAR SPINNING MILLS LTD.:

  • The MRQ is 1.885. The company is able to pay all its short-term debts. +1
  • The TTM is 1.885. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.885TTM1.8850.000
TTM1.885YOY1.556+0.329
TTM1.8855Y1.401+0.484
5Y1.40110Y1.4010.000
Compared to industry (Textile Manufacturing)
PeriodCompanyIndustry (mean)+/- 
MRQ1.8851.491+0.394
TTM1.8851.469+0.416
YOY1.5561.494+0.062
5Y1.4011.521-0.120
10Y1.4011.315+0.086
1.3.2. Quick Ratio

Measures if NAHAR SPINNING MILLS LTD. is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare NAHAR SPINNING MILLS LTD. to the Textile Manufacturing industry mean.
  • A Quick Ratio of 0.45 means the company can pay off ₹0.45 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of NAHAR SPINNING MILLS LTD.:

  • The MRQ is 0.452. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.452. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.452TTM0.4520.000
TTM0.452YOY0.462-0.010
TTM0.4525Y0.367+0.084
5Y0.36710Y0.3670.000
Compared to industry (Textile Manufacturing)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4520.551-0.099
TTM0.4520.577-0.125
YOY0.4620.634-0.172
5Y0.3670.620-0.253
10Y0.3670.576-0.209

1.4. Solvency of NAHAR SPINNING MILLS LTD..

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of NAHAR SPINNING MILLS LTD. assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare NAHAR SPINNING MILLS LTD. to Textile Manufacturing industry mean.
  • A Debt to Asset Ratio of 0.38 means that NAHAR SPINNING MILLS LTD. assets are financed with 38.2% credit (debt) and the remaining percentage (100% - 38.2%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of NAHAR SPINNING MILLS LTD.:

  • The MRQ is 0.382. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.382. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.382TTM0.3820.000
TTM0.382YOY0.458-0.076
TTM0.3825Y0.508-0.127
5Y0.50810Y0.5080.000
Compared to industry (Textile Manufacturing)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3820.489-0.107
TTM0.3820.487-0.105
YOY0.4580.485-0.027
5Y0.5080.502+0.006
10Y0.5080.519-0.011
1.4.2. Debt to Equity Ratio

Measures if NAHAR SPINNING MILLS LTD. is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare NAHAR SPINNING MILLS LTD. to the Textile Manufacturing industry mean.
  • A Debt to Equity ratio of 61.8% means that company has ₹0.62 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of NAHAR SPINNING MILLS LTD.:

  • The MRQ is 0.618. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.618. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.618TTM0.6180.000
TTM0.618YOY0.844-0.226
TTM0.6185Y1.083-0.465
5Y1.08310Y1.0830.000
Compared to industry (Textile Manufacturing)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6180.870-0.252
TTM0.6180.903-0.285
YOY0.8440.905-0.061
5Y1.0830.997+0.086
10Y1.0831.163-0.080

2. Market Valuation of NAHAR SPINNING MILLS LTD.

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ₹1 in earnings NAHAR SPINNING MILLS LTD. generates.

  • Above 15 is considered overpriced but always compare NAHAR SPINNING MILLS LTD. to the Textile Manufacturing industry mean.
  • A PE ratio of 7.45 means the investor is paying ₹7.45 for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of NAHAR SPINNING MILLS LTD.:

  • The EOD is 8.339. Based on the earnings, the company is underpriced. +1
  • The MRQ is 7.455. Based on the earnings, the company is cheap. +2
  • The TTM is 7.455. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD8.339MRQ7.455+0.884
MRQ7.455TTM7.4550.000
TTM7.455YOY3.658+3.797
TTM7.4555Y4.702+2.753
5Y4.70210Y4.7020.000
Compared to industry (Textile Manufacturing)
PeriodCompanyIndustry (mean)+/- 
EOD8.3397.682+0.657
MRQ7.4557.177+0.278
TTM7.4557.076+0.379
YOY3.6587.958-4.300
5Y4.70210.526-5.824
10Y4.70214.684-9.982
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of NAHAR SPINNING MILLS LTD.:

  • The EOD is 2.867. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 2.563. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 2.563. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD2.867MRQ2.563+0.304
MRQ2.563TTM2.5630.000
TTM2.563YOY11.839-9.276
TTM2.5635Y2.326+0.236
5Y2.32610Y2.3260.000
Compared to industry (Textile Manufacturing)
PeriodCompanyIndustry (mean)+/- 
EOD2.8672.941-0.074
MRQ2.5632.200+0.363
TTM2.5631.322+1.241
YOY11.8391.143+10.696
5Y2.3260.616+1.710
10Y2.3261.196+1.130
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of NAHAR SPINNING MILLS LTD. is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Textile Manufacturing industry mean).
  • A PB ratio of 0.56 means the investor is paying ₹0.56 for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of NAHAR SPINNING MILLS LTD.:

  • The EOD is 0.624. Based on the equity, the company is cheap. +2
  • The MRQ is 0.558. Based on the equity, the company is cheap. +2
  • The TTM is 0.558. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.624MRQ0.558+0.066
MRQ0.558TTM0.5580.000
TTM0.558YOY1.150-0.592
TTM0.5585Y0.523+0.035
5Y0.52310Y0.5230.000
Compared to industry (Textile Manufacturing)
PeriodCompanyIndustry (mean)+/- 
EOD0.6241.078-0.454
MRQ0.5581.067-0.509
TTM0.5581.017-0.459
YOY1.1501.121+0.029
5Y0.5231.035-0.512
10Y0.5231.265-0.742
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of NAHAR SPINNING MILLS LTD. compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---12.941-12.9410%194.829-107%86.171-115%86.171-115%
Book Value Per Share--430.856430.8560%443.796-3%318.781+35%318.781+35%
Current Ratio--1.8851.8850%1.556+21%1.401+35%1.401+35%
Debt To Asset Ratio--0.3820.3820%0.458-17%0.508-25%0.508-25%
Debt To Equity Ratio--0.6180.6180%0.844-27%1.083-43%1.083-43%
Dividend Per Share--2.0002.0000%3.000-33%1.900+5%1.900+5%
Eps--32.24032.2400%139.499-77%37.376-14%37.376-14%
Free Cash Flow Per Share--93.77893.7780%43.099+118%23.628+297%23.628+297%
Free Cash Flow To Equity Per Share--9.7499.7490%15.777-38%3.159+209%3.159+209%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--1546.013--------
Intrinsic Value_10Y_min--1284.631--------
Intrinsic Value_1Y_max--57.890--------
Intrinsic Value_1Y_min--56.251--------
Intrinsic Value_3Y_max--247.884--------
Intrinsic Value_3Y_min--232.788--------
Intrinsic Value_5Y_max--527.035--------
Intrinsic Value_5Y_min--477.868--------
Market Cap9696155905.000+11%8668295576.0508668295576.0500%18402320855.750-53%7011816209.260+24%7011816209.260+24%
Net Profit Margin--0.0400.0400%0.144-73%0.041-4%0.041-4%
Operating Margin--0.0600.0600%0.211-71%0.076-21%0.076-21%
Operating Ratio--1.6171.6170%1.371+18%1.574+3%1.574+3%
Pb Ratio0.624+11%0.5580.5580%1.150-51%0.523+7%0.523+7%
Pe Ratio8.339+11%7.4557.4550%3.658+104%4.702+59%4.702+59%
Price Per Share268.850+11%240.350240.3500%510.250-53%194.420+24%194.420+24%
Price To Free Cash Flow Ratio2.867+11%2.5632.5630%11.839-78%2.326+10%2.326+10%
Price To Total Gains Ratio-24.574-12%-21.969-21.9690%2.579-952%-3.312-85%-3.312-85%
Quick Ratio--0.4520.4520%0.462-2%0.367+23%0.367+23%
Return On Assets--0.0440.0440%0.170-74%0.048-8%0.048-8%
Return On Equity--0.0710.0710%0.314-77%0.088-19%0.088-19%
Total Gains Per Share---10.941-10.9410%197.829-106%88.071-112%88.071-112%
Usd Book Value--186467244.000186467244.0000%192067704.000-3%137963145.600+35%137963145.600+35%
Usd Book Value Change Per Share---0.155-0.1550%2.338-107%1.034-115%1.034-115%
Usd Book Value Per Share--5.1705.1700%5.326-3%3.825+35%3.825+35%
Usd Dividend Per Share--0.0240.0240%0.036-33%0.023+5%0.023+5%
Usd Eps--0.3870.3870%1.674-77%0.449-14%0.449-14%
Usd Free Cash Flow--40585668.00040585668.0000%18652428.000+118%10225867.200+297%10225867.200+297%
Usd Free Cash Flow Per Share--1.1251.1250%0.517+118%0.284+297%0.284+297%
Usd Free Cash Flow To Equity Per Share--0.1170.1170%0.189-38%0.038+209%0.038+209%
Usd Market Cap116353870.860+11%104019546.913104019546.9130%220827850.269-53%84141794.511+24%84141794.511+24%
Usd Price Per Share3.226+11%2.8842.8840%6.123-53%2.333+24%2.333+24%
Usd Profit--13295100.00013295100.0000%60262524.000-78%15994948.800-17%15994948.800-17%
Usd Revenue--335629524.000335629524.0000%417879588.000-20%304757133.600+10%304757133.600+10%
Usd Total Gains Per Share---0.131-0.1310%2.374-106%1.057-112%1.057-112%
 EOD+3 -5MRQTTM+0 -0YOY+9 -265Y+18 -1710Y+18 -17

3.2. Fundamental Score

Let's check the fundamental score of NAHAR SPINNING MILLS LTD. based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-158.339
Price to Book Ratio (EOD)Between0-10.624
Net Profit Margin (MRQ)Greater than00.040
Operating Margin (MRQ)Greater than00.060
Quick Ratio (MRQ)Greater than10.452
Current Ratio (MRQ)Greater than11.885
Debt to Asset Ratio (MRQ)Less than10.382
Debt to Equity Ratio (MRQ)Less than10.618
Return on Equity (MRQ)Greater than0.150.071
Return on Assets (MRQ)Greater than0.050.044
Total7/10 (70.0%)

3.3. Technical Score

Let's check the technical score of NAHAR SPINNING MILLS LTD. based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5035.869
Ma 20Greater thanMa 50293.928
Ma 50Greater thanMa 100302.747
Ma 100Greater thanMa 200294.649
OpenGreater thanClose275.500
Total3/5 (60.0%)



Latest Balance Sheet

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

Summary
Total Assets25,142,396
Total Liabilities9,603,459
Total Stockholder Equity15,538,937
 As reported
Total Liabilities 9,603,459
Total Stockholder Equity+ 15,538,937
Total Assets = 25,142,396

Assets

Total Assets25,142,396
Total Current Assets13,236,007
Long-term Assets11,906,389
Total Current Assets
Cash And Cash Equivalents 521,368
Short-term Investments 21,987
Net Receivables 3,149,258
Inventory 7,927,200
Other Current Assets 1,368,097
Total Current Assets  (as reported)13,236,007
Total Current Assets  (calculated)12,987,910
+/- 248,097
Long-term Assets
Property Plant Equipment 9,314,779
Intangible Assets 5,151
Other Assets 1,106,749
Long-term Assets  (as reported)11,906,389
Long-term Assets  (calculated)10,426,679
+/- 1,479,710

Liabilities & Shareholders' Equity

Total Current Liabilities7,021,116
Long-term Liabilities2,582,343
Total Stockholder Equity15,538,937
Total Current Liabilities
Short Long Term Debt 5,118,284
Accounts payable 985,873
Other Current Liabilities 807,468
Total Current Liabilities  (as reported)7,021,116
Total Current Liabilities  (calculated)6,911,625
+/- 109,491
Long-term Liabilities
Long term Debt 2,180,599
Other Liabilities 401,744
Long-term Liabilities Other 75,645
Long-term Liabilities  (as reported)2,582,343
Long-term Liabilities  (calculated)2,657,988
+/- 75,645
Total Stockholder Equity
Common Stock180,531
Retained Earnings 13,126,035
Other Stockholders Equity 136,590
Total Stockholder Equity (as reported)15,538,937
Total Stockholder Equity (calculated)13,443,156
+/- 2,095,781
Other
Capital Stock180,531
Common Stock Shares Outstanding 36,065
Net Debt 6,777,515
Net Invested Capital 22,837,820
Net Tangible Assets 15,533,786
Net Working Capital 6,214,891
Property Plant and Equipment Gross 9,314,779



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-31
> Total Assets 
0
0
19,084,492
19,055,013
22,020,699
29,509,349
25,142,396
25,142,39629,509,34922,020,69919,055,01319,084,49200
   > Total Current Assets 
8,989,338
11,963,067
10,732,411
10,757,137
13,554,890
17,680,906
13,236,007
13,236,00717,680,90613,554,89010,757,13710,732,41111,963,0678,989,338
       Cash And Cash Equivalents 
0
0
11,870
37,126
10,609
30,109
521,368
521,36830,10910,60937,12611,87000
       Short-term Investments 
0
0
45
195
60
16,490
21,987
21,98716,490601954500
       Net Receivables 
3,190,025
3,596,173
3,210,335
2,715,987
3,094,354
5,229,867
3,149,258
3,149,2585,229,8673,094,3542,715,9873,210,3353,596,1733,190,025
       Inventory 
4,890,286
7,348,804
6,254,971
6,501,976
7,403,944
10,486,104
7,927,200
7,927,20010,486,1047,403,9446,501,9766,254,9717,348,8044,890,286
       Other Current Assets 
585,001
968,340
1,221,760
1,276,257
2,834,081
1,813,321
1,368,097
1,368,0971,813,3212,834,0811,276,2571,221,760968,340585,001
   > Long-term Assets 
0
0
8,352,081
8,297,876
8,465,809
11,828,443
11,906,389
11,906,38911,828,4438,465,8098,297,8768,352,08100
       Property Plant Equipment 
7,639,988
7,052,841
7,517,092
7,546,022
7,439,336
7,658,281
9,314,779
9,314,7797,658,2817,439,3367,546,0227,517,0927,052,8417,639,988
       Intangible Assets 
0
0
3,095
2,057
1,248
758
5,151
5,1517581,2482,0573,09500
       Long-term Assets Other 
0
0
-1
-1
83,085
716,297
691,495
691,495716,29783,085-1-100
> Total Liabilities 
0
0
10,314,874
10,863,654
13,041,611
13,503,707
9,603,459
9,603,45913,503,70713,041,61110,863,65410,314,87400
   > Total Current Liabilities 
6,915,475
10,688,279
9,407,011
9,115,400
10,900,878
11,365,054
7,021,116
7,021,11611,365,05410,900,8789,115,4009,407,01110,688,2796,915,475
       Short Long Term Debt 
0
0
8,264,133
7,554,183
8,827,501
8,551,941
5,118,284
5,118,2848,551,9418,827,5017,554,1838,264,13300
       Accounts payable 
481,737
667,854
283,688
278,204
321,535
190,250
985,873
985,873190,250321,535278,204283,688667,854481,737
       Other Current Liabilities 
669,119
702,036
766,224
1,230,560
1,679,068
2,520,378
807,468
807,4682,520,3781,679,0681,230,560766,224702,036669,119
   > Long-term Liabilities 
0
0
907,863
1,748,254
2,140,733
2,138,653
2,582,343
2,582,3432,138,6532,140,7331,748,254907,86300
       Long-term Liabilities Other 
0
0
0
0
0
30,260
75,645
75,64530,26000000
> Total Stockholder Equity
0
0
8,769,618
8,191,359
8,979,088
16,005,642
15,538,937
15,538,93716,005,6428,979,0888,191,3598,769,61800
   Common Stock
180,327
180,327
180,327
180,327
180,327
180,327
180,531
180,531180,327180,327180,327180,327180,327180,327
   Retained Earnings Total Equity0000000
   Accumulated Other Comprehensive Income 0000000
   Capital Surplus 0000000
   Treasury Stock0000000
   Other Stockholders Equity 
136,590
136,590
136,590
136,590
136,590
136,590
136,590
136,590136,590136,590136,590136,590136,590136,590



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 (+$)
totalRevenue27,969,127
Cost of Revenue-18,659,152
Gross Profit9,309,9759,309,975
 
Operating Income (+$)
Gross Profit9,309,975
Operating Expense-26,566,628
Operating Income1,402,499-17,256,653
 
Operating Expense (+$)
Research Development0
Selling General Administrative219,268
Selling And Marketing Expenses0
Operating Expense26,566,628219,268
 
Net Interest Income (+$)
Interest Income100,728
Interest Expense-298,811
Other Finance Cost-100,728
Net Interest Income-298,811
 
Pretax Income (+$)
Operating Income1,402,499
Net Interest Income-298,811
Other Non-Operating Income Expenses0
Income Before Tax (EBT)1,503,4251,402,499
EBIT - interestExpense = 1,387,885
1,503,425
1,406,736
Interest Expense298,811
Earnings Before Interest and Taxes (EBIT)1,686,6961,802,236
Earnings Before Interest and Taxes (EBITDA)2,527,855
 
After tax Income (+$)
Income Before Tax1,503,425
Tax Provision-395,500
Net Income From Continuing Ops1,107,9251,107,925
Net Income1,107,925
Net Income Applicable To Common Shares1,162,763
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses4,577,994
Total Other Income/Expenses Net0298,811
 

Technical Analysis of NAHAR SPINNING MILLS LTD.
The psychology behind the price

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

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of NAHAR SPINNING MILLS LTD.. The general trend of NAHAR SPINNING MILLS LTD. is BEARISH with 42.9% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine NAHAR SPINNING MILLS LTD.'s overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

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

Indicator zone transitionsBullish trend (-42.9%) Bearish trend (42.9%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

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

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


Score

Let's take a look at the Support & Resistance of NAHAR SPINNING MILLS LTD..

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 282.15 < 297.85 < 335.00.

The bearish price targets are: 265.07 > 248.00 > 237.27.

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NAHAR SPINNING MILLS LTD. Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

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

Score

Let's take a look at the Moving Averages of NAHAR SPINNING MILLS LTD.. The current mas is .

The long score for the Moving Averages is 4/14.
The longshort score for the Moving Averages is -6/(-14 +14).

  • MA 20 trending 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 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 down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending 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

NAHAR SPINNING MILLS LTD. Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

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

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

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of NAHAR SPINNING MILLS LTD.. The current macd is -10.31716541.

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 NAHAR SPINNING MILLS LTD. price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for NAHAR SPINNING MILLS LTD.. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the NAHAR SPINNING MILLS LTD. price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending 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
NAHAR SPINNING MILLS LTD. Daily Moving Average Convergence/Divergence (MACD) ChartNAHAR SPINNING MILLS LTD. Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of NAHAR SPINNING MILLS LTD.. The current adx is 19.00.

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 NAHAR SPINNING MILLS LTD. 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
NAHAR SPINNING MILLS LTD. Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

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

Score

Let's take a look at the Parabolic SAR of NAHAR SPINNING MILLS LTD.. The current sar is 300.29.

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
NAHAR SPINNING MILLS LTD. Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

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

Score

Let's take a look at the Relative Strength Index (RSI) of NAHAR SPINNING MILLS LTD.. The current rsi is 35.87. 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
NAHAR SPINNING MILLS LTD. Daily Relative Strength Index (RSI) ChartNAHAR SPINNING MILLS LTD. Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

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

Score

Let's take a look at the Stochastic Oscillator of NAHAR SPINNING MILLS LTD.. The current phase is Oversold in bear market.

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

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • 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 NAHAR SPINNING MILLS LTD. price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
NAHAR SPINNING MILLS LTD. Daily Stochastic Oscillator ChartNAHAR SPINNING MILLS LTD. Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

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

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

Score

Let's take a look at the Commodity Channel Index (CCI) of NAHAR SPINNING MILLS LTD.. The current cci is -83.91106443.

NAHAR SPINNING MILLS LTD. Daily Commodity Channel Index (CCI) ChartNAHAR SPINNING MILLS LTD. Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of NAHAR SPINNING MILLS LTD.. The current cmo is -39.31949756.

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
NAHAR SPINNING MILLS LTD. Daily Chande Momentum Oscillator (CMO) ChartNAHAR SPINNING MILLS LTD. Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

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

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

Score

Let's take a look at the Williams %R of NAHAR SPINNING MILLS LTD.. The current willr is -96.72727273.

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

  • WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1
NAHAR SPINNING MILLS LTD. Daily Williams %R ChartNAHAR SPINNING MILLS LTD. Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

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

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

Score

Let's take a look at the Bollinger Bands of NAHAR SPINNING MILLS LTD..

NAHAR SPINNING MILLS LTD. Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of NAHAR SPINNING MILLS LTD.. The current atr is 13.88.

NAHAR SPINNING MILLS LTD. Daily Average True Range (ATR) ChartNAHAR SPINNING MILLS LTD. Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

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

Score

Let's take a look at the On-Balance Volume (OBV) of NAHAR SPINNING MILLS LTD.. The current obv is 754.00.

NAHAR SPINNING MILLS LTD. Daily On-Balance Volume (OBV) ChartNAHAR SPINNING MILLS LTD. Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of NAHAR SPINNING MILLS LTD.. The current mfi is 14.08.

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

  • MFI < 50: -1
  • MFI < 20: -1
NAHAR SPINNING MILLS LTD. Daily Money Flow Index (MFI) ChartNAHAR SPINNING MILLS LTD. Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for NAHAR SPINNING MILLS LTD..

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-03STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-06MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-11-08DMI 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
2023-11-09STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-13STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-17STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-20SAR 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).
2023-11-21MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2023-11-22DMI 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
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-11-23STOCH 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).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-28STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-29RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-12-01STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-04WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-05STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-12MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-14DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-19STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-20STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-22STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-28STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-01DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-02DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-01-04SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-05STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-08MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-09STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-10CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-11MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-12DMI 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
2024-01-15MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-16SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-17MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-18SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-01-19MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
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).
2024-01-23STOCH 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).
2024-01-24STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-25CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-30STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-31CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-01ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-02RSI 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
2024-02-07STOCH 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).
2024-02-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-09SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-02-12MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
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).
2024-02-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-15CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-16STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-19STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-20CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-23STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-26SAR 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).
2024-02-28MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-06WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-07STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-11STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-12DMI 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
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-14STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-15STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-20STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-26STOCH LONG EXITThe %K line crosses below the %D line.

6.3. Candlestick Patterns

NAHAR SPINNING MILLS LTD. Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of NAHAR SPINNING MILLS LTD. based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5035.869
Ma 20Greater thanMa 50293.928
Ma 50Greater thanMa 100302.747
Ma 100Greater thanMa 200294.649
OpenGreater thanClose275.500
Total3/5 (60.0%)
Penke

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