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Pitti Engineering Limited
Buy, Hold or Sell?

Let's analyse Pitti together

PenkeI guess you are interested in Pitti Engineering 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 Pitti Engineering 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 Pitti (30 sec.)










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

How much money do you get?

How much money do you get?
INR0.11
When do you have the money?
1 year
How often do you get paid?
80.0%

What is your share worth?

Current worth
INR104.22
Expected worth in 1 year
INR166.86
How sure are you?
90.0%

+ What do you gain per year?

Total Gains per Share
INR72.01
Return On Investment
9.4%

For what price can you sell your share?

Current Price per Share
INR765.20
Expected price per share
INR636.00 - INR817.00
How sure are you?
50%

1. Valuation of Pitti (5 min.)




Live pricePrice per Share (EOD)

INR765.20

Intrinsic Value Per Share

INR117.35 - INR337.42

Total Value Per Share

INR221.57 - INR441.64

2. Growth of Pitti (5 min.)




Is Pitti growing?

Current yearPrevious yearGrowGrow %
How rich?$40m$34m$6m15.0%

How much money is Pitti making?

Current yearPrevious yearGrowGrow %
Making money$7m$6.2m$835.5k11.8%
Net Profit Margin5.3%5.5%--

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

3. Financial Health of Pitti (5 min.)




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




  Industry Rankings (Metal Fabrication)  


Richest
#121 / 182

Most Revenue
#59 / 182

Most Profit
#46 / 182

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

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

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

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

Speculation

The Price per Share of Pitti is INR765.20. 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 Pitti.
  • 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 Pitti, 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 INR104.22. Based on the TTM, the Book Value Change Per Share is INR15.66 per quarter. Based on the YOY, the Book Value Change Per Share is INR14.99 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 INR2.34 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Pitti.

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 Eps0.220.0%0.220.0%0.190.0%0.130.0%0.070.0%
Usd Book Value Change Per Share0.190.0%0.190.0%0.180.0%0.130.0%0.080.0%
Usd Dividend Per Share0.030.0%0.030.0%0.010.0%0.020.0%0.010.0%
Usd Total Gains Per Share0.220.0%0.220.0%0.190.0%0.150.0%0.100.0%
Usd Price Per Share3.25-3.25-3.87-1.77-1.27-
Price to Earnings Ratio14.76-14.76-19.95-10.69-18.03-
Price-to-Total Gains Ratio15.05-15.05-19.96-10.12-14.85-
Price to Book Ratio2.60-2.60-3.64-1.69-1.69-
Price-to-Total Gains Ratio15.05-15.05-19.96-10.12-14.85-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share9.1824
Number of shares108
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.030.02
Usd Book Value Change Per Share0.190.13
Usd Total Gains Per Share0.220.15
Gains per Quarter (108 shares)23.3316.34
Gains per Year (108 shares)93.3365.36
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
112818375855
22416217615116120
33624426922174185
44932536229232250
56140645537290315
67348754844348380
78556864151406445
89764973458464510
910973182766523575
1012281292073581640

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%9.01.00.090.0%16.01.00.094.1%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%9.01.00.090.0%16.01.00.094.1%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%8.00.02.080.0%10.00.07.058.8%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%9.01.00.090.0%16.01.00.094.1%

Fundamentals of Pitti

About Pitti Engineering Limited

Pitti Engineering Limited manufactures and sells iron and steel engineering products in India. It manufactures electrical steel laminations, stator and rotor core assemblies, subassemblies, pole assemblies, die-cast rotors, press tools, high precision machining of various metal components, and machined casted and fabricated parts and shafts. The company's products are used in hydro and thermal generation, windmill, mining, cement, steel, sugar, construction, lift irrigation, freight rail, passenger rail, mass urban transport, e-mobility, appliances, medical equipment, oil and gas, and other industrial applications. It also exports its products. The company was formerly known as Pitti Laminations Limited and changed its name to Pitti Engineering Limited in May 2018. Pitti Engineering Limited was incorporated in 1983 and is based in Hyderabad, India.

Fundamental data was last updated by Penke on 2024-03-12 08:42:02.

Financial Health

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

Valuation

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

1.1. Profitability of Pitti Engineering Limited.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Pitti to the Metal Fabrication industry mean.
  • A Net Profit Margin of 5.3% means that ₹0.05 for each ₹1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Pitti Engineering Limited:

  • The MRQ is 5.3%. The company is making a profit. +1
  • The TTM is 5.3%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ5.3%TTM5.3%0.0%
TTM5.3%YOY5.5%-0.1%
TTM5.3%5Y4.7%+0.6%
5Y4.7%10Y3.0%+1.7%
Compared to industry (Metal Fabrication)
PeriodCompanyIndustry (mean)+/- 
MRQ5.3%2.5%+2.8%
TTM5.3%2.3%+3.0%
YOY5.5%3.8%+1.7%
5Y4.7%3.3%+1.4%
10Y3.0%3.5%-0.5%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Pitti to the Metal Fabrication industry mean.
  • 6.0% Return on Assets means that Pitti generated ₹0.06 profit for each $1 in assets.

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

  • The MRQ is 6.0%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 6.0%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ6.0%TTM6.0%0.0%
TTM6.0%YOY5.4%+0.6%
TTM6.0%5Y4.5%+1.5%
5Y4.5%10Y2.7%+1.8%
Compared to industry (Metal Fabrication)
PeriodCompanyIndustry (mean)+/- 
MRQ6.0%0.9%+5.1%
TTM6.0%0.8%+5.2%
YOY5.4%1.2%+4.2%
5Y4.5%1.1%+3.4%
10Y2.7%1.0%+1.7%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Pitti to the Metal Fabrication industry mean.
  • 17.6% Return on Equity means Pitti generated ₹0.18 for each ₹1 the owners (shareholders) invested.

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

  • The MRQ is 17.6%. Using its investors money, the company is efficient in making profit. +1
  • The TTM is 17.6%. Using its investors money, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ17.6%TTM17.6%0.0%
TTM17.6%YOY18.3%-0.7%
TTM17.6%5Y14.0%+3.7%
5Y14.0%10Y8.5%+5.4%
Compared to industry (Metal Fabrication)
PeriodCompanyIndustry (mean)+/- 
MRQ17.6%1.6%+16.0%
TTM17.6%1.4%+16.2%
YOY18.3%2.6%+15.7%
5Y14.0%2.0%+12.0%
10Y8.5%2.0%+6.5%

1.2. Operating Efficiency of Pitti Engineering Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Pitti is operating .

  • Measures how much profit Pitti 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 Pitti to the Metal Fabrication industry mean.
  • An Operating Margin of 11.3% means the company generated ₹0.11  for each ₹1 in revenue (before taxes).

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

  • The MRQ is 11.3%. The company is operating less efficient.
  • The TTM is 11.3%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ11.3%TTM11.3%0.0%
TTM11.3%YOY10.7%+0.7%
TTM11.3%5Y10.7%+0.6%
5Y10.7%10Y7.9%+2.9%
Compared to industry (Metal Fabrication)
PeriodCompanyIndustry (mean)+/- 
MRQ11.3%5.1%+6.2%
TTM11.3%3.0%+8.3%
YOY10.7%5.6%+5.1%
5Y10.7%5.6%+5.1%
10Y7.9%4.2%+3.7%
1.2.2. Operating Ratio

Measures how efficient Pitti is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Metal Fabrication industry mean).
  • An Operation Ratio of 0.90 means that the operating costs are ₹0.90 for each ₹1 in net sales.

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

  • The MRQ is 0.903. The company is less efficient in keeping operating costs low.
  • The TTM is 0.903. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.903TTM0.9030.000
TTM0.903YOY0.900+0.003
TTM0.9035Y0.899+0.004
5Y0.89910Y0.914-0.014
Compared to industry (Metal Fabrication)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9031.642-0.739
TTM0.9031.671-0.768
YOY0.9001.618-0.718
5Y0.8991.594-0.695
10Y0.9141.336-0.422

1.3. Liquidity of Pitti Engineering Limited.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Metal Fabrication industry mean).
  • A Current Ratio of 1.20 means the company has ₹1.20 in assets for each ₹1 in short-term debts.

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

  • The MRQ is 1.201. The company is just able to pay all its short-term debts.
  • The TTM is 1.201. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.201TTM1.2010.000
TTM1.201YOY1.193+0.008
TTM1.2015Y1.146+0.056
5Y1.14610Y1.148-0.003
Compared to industry (Metal Fabrication)
PeriodCompanyIndustry (mean)+/- 
MRQ1.2011.779-0.578
TTM1.2011.797-0.596
YOY1.1931.812-0.619
5Y1.1461.779-0.633
10Y1.1481.623-0.475
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Pitti to the Metal Fabrication industry mean.
  • A Quick Ratio of 0.55 means the company can pay off ₹0.55 for each ₹1 in debt (using most liquid assets).

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

  • The MRQ is 0.550. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.550. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.550TTM0.5500.000
TTM0.550YOY0.640-0.090
TTM0.5505Y0.658-0.108
5Y0.65810Y0.547+0.111
Compared to industry (Metal Fabrication)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5500.759-0.209
TTM0.5500.756-0.206
YOY0.6400.867-0.227
5Y0.6580.934-0.276
10Y0.5470.860-0.313

1.4. Solvency of Pitti Engineering Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Pitti to Metal Fabrication industry mean.
  • A Debt to Asset Ratio of 0.66 means that Pitti assets are financed with 65.8% credit (debt) and the remaining percentage (100% - 65.8%) is financed by its owners/shareholders. 

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

  • The MRQ is 0.658. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.658. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.658TTM0.6580.000
TTM0.658YOY0.703-0.045
TTM0.6585Y0.675-0.017
5Y0.67510Y0.685-0.010
Compared to industry (Metal Fabrication)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6580.494+0.164
TTM0.6580.484+0.174
YOY0.7030.492+0.211
5Y0.6750.484+0.191
10Y0.6850.490+0.195
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Pitti to the Metal Fabrication industry mean.
  • A Debt to Equity ratio of 192.8% means that company has ₹1.93 debt for each ₹1 in shareholders equity.

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

  • The MRQ is 1.928. The company is just able to pay all its debts with equity.
  • The TTM is 1.928. The company is just able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.928TTM1.9280.000
TTM1.928YOY2.369-0.441
TTM1.9285Y2.092-0.164
5Y2.09210Y2.203-0.111
Compared to industry (Metal Fabrication)
PeriodCompanyIndustry (mean)+/- 
MRQ1.9280.974+0.954
TTM1.9280.991+0.937
YOY2.3690.991+1.378
5Y2.0920.990+1.102
10Y2.2031.042+1.161

2. Market Valuation of Pitti Engineering 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 Pitti generates.

  • Above 15 is considered overpriced but always compare Pitti to the Metal Fabrication industry mean.
  • A PE ratio of 14.76 means the investor is paying ₹14.76 for every ₹1 in earnings.

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

  • The EOD is 41.686. Based on the earnings, the company is overpriced. -1
  • The MRQ is 14.761. Based on the earnings, the company is underpriced. +1
  • The TTM is 14.761. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD41.686MRQ14.761+26.925
MRQ14.761TTM14.7610.000
TTM14.761YOY19.947-5.186
TTM14.7615Y10.694+4.067
5Y10.69410Y18.033-7.340
Compared to industry (Metal Fabrication)
PeriodCompanyIndustry (mean)+/- 
EOD41.68614.608+27.078
MRQ14.76112.946+1.815
TTM14.76112.562+2.199
YOY19.94713.929+6.018
5Y10.69412.073-1.379
10Y18.03318.033+0.000
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is 21.262. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 7.529. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 7.529. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD21.262MRQ7.529+13.733
MRQ7.529TTM7.5290.000
TTM7.529YOY-170.514+178.042
TTM7.5295Y-31.529+39.057
5Y-31.52910Y-16.717-14.812
Compared to industry (Metal Fabrication)
PeriodCompanyIndustry (mean)+/- 
EOD21.2623.048+18.214
MRQ7.5292.836+4.693
TTM7.5290.821+6.708
YOY-170.514-0.845-169.669
5Y-31.5290.747-32.276
10Y-16.7170.746-17.463
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Metal Fabrication industry mean).
  • A PB ratio of 2.60 means the investor is paying ₹2.60 for each ₹1 in book value.

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

  • The EOD is 7.342. Based on the equity, the company is overpriced. -1
  • The MRQ is 2.600. Based on the equity, the company is underpriced. +1
  • The TTM is 2.600. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD7.342MRQ2.600+4.742
MRQ2.600TTM2.6000.000
TTM2.600YOY3.644-1.044
TTM2.6005Y1.694+0.906
5Y1.69410Y1.688+0.006
Compared to industry (Metal Fabrication)
PeriodCompanyIndustry (mean)+/- 
EOD7.3421.591+5.751
MRQ2.6001.497+1.103
TTM2.6001.536+1.064
YOY3.6441.689+1.955
5Y1.6941.696-0.002
10Y1.6881.718-0.030
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Pitti Engineering Limited compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--15.65915.6590%14.994+4%11.199+40%7.023+123%
Book Value Per Share--104.223104.2230%88.564+18%77.219+35%57.442+81%
Current Ratio--1.2011.2010%1.193+1%1.146+5%1.148+5%
Debt To Asset Ratio--0.6580.6580%0.703-6%0.675-2%0.685-4%
Debt To Equity Ratio--1.9281.9280%2.369-19%2.092-8%2.203-12%
Dividend Per Share--2.3442.3440%1.175+100%1.409+66%0.904+159%
Eps--18.35618.3560%16.178+13%11.248+63%6.234+194%
Free Cash Flow Per Share--35.99035.9900%-1.893+105%7.241+397%2.736+1215%
Free Cash Flow To Equity Per Share--8.9808.9800%1.917+368%1.454+517%1.005+794%
Gross Profit Margin--1.0001.0000%0.617+62%0.831+20%0.888+13%
Intrinsic Value_10Y_max--337.420--------
Intrinsic Value_10Y_min--117.347--------
Intrinsic Value_1Y_max--13.194--------
Intrinsic Value_1Y_min--5.062--------
Intrinsic Value_3Y_max--55.356--------
Intrinsic Value_3Y_min--21.100--------
Intrinsic Value_5Y_max--116.462--------
Intrinsic Value_5Y_min--43.471--------
Market Cap24524736520.000+65%8683974595.0008683974595.0000%10345067872.300-16%4717954339.460+84%3388426381.730+156%
Net Profit Margin--0.0530.0530%0.055-2%0.047+13%0.030+77%
Operating Margin--0.1130.1130%0.107+6%0.107+6%0.079+44%
Operating Ratio--0.9030.9030%0.900+0%0.899+0%0.914-1%
Pb Ratio7.342+65%2.6002.6000%3.644-29%1.694+53%1.688+54%
Pe Ratio41.686+65%14.76114.7610%19.947-26%10.694+38%18.033-18%
Price Per Share765.200+65%270.950270.9500%322.700-16%147.190+84%105.715+156%
Price To Free Cash Flow Ratio21.262+65%7.5297.5290%-170.514+2365%-31.529+519%-16.717+322%
Price To Total Gains Ratio42.503+65%15.05015.0500%19.959-25%10.117+49%14.850+1%
Quick Ratio--0.5500.5500%0.640-14%0.658-16%0.547+1%
Return On Assets--0.0600.0600%0.054+11%0.045+34%0.027+121%
Return On Equity--0.1760.1760%0.183-4%0.140+26%0.085+106%
Total Gains Per Share--18.00418.0040%16.168+11%12.608+43%7.927+127%
Usd Book Value--40084212.00040084212.0000%34069920.000+18%29700201.600+35%22093026.000+81%
Usd Book Value Change Per Share--0.1880.1880%0.180+4%0.134+40%0.084+123%
Usd Book Value Per Share--1.2511.2510%1.063+18%0.927+35%0.689+81%
Usd Dividend Per Share--0.0280.0280%0.014+100%0.017+66%0.011+159%
Usd Eps--0.2200.2200%0.194+13%0.135+63%0.075+194%
Usd Free Cash Flow--13841724.00013841724.0000%-728040.000+105%2784698.400+397%1052197.200+1216%
Usd Free Cash Flow Per Share--0.4320.4320%-0.023+105%0.087+397%0.033+1215%
Usd Free Cash Flow To Equity Per Share--0.1080.1080%0.023+368%0.017+517%0.012+794%
Usd Market Cap294296838.240+65%104207695.140104207695.1400%124140814.468-16%56615452.074+84%40661116.581+156%
Usd Price Per Share9.182+65%3.2513.2510%3.872-16%1.766+84%1.269+156%
Usd Profit--7059852.0007059852.0000%6224352.000+13%4326537.600+63%2421709.200+192%
Usd Revenue--132020580.000132020580.0000%113994384.000+16%88643474.400+49%63081582.000+109%
Usd Total Gains Per Share--0.2160.2160%0.194+11%0.151+43%0.095+127%
 EOD+4 -4MRQTTM+0 -0YOY+27 -95Y+30 -610Y+33 -3

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1541.686
Price to Book Ratio (EOD)Between0-17.342
Net Profit Margin (MRQ)Greater than00.053
Operating Margin (MRQ)Greater than00.113
Quick Ratio (MRQ)Greater than10.550
Current Ratio (MRQ)Greater than11.201
Debt to Asset Ratio (MRQ)Less than10.658
Debt to Equity Ratio (MRQ)Less than11.928
Return on Equity (MRQ)Greater than0.150.176
Return on Assets (MRQ)Greater than0.050.060
Total6/10 (60.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5057.012
Ma 20Greater thanMa 50753.540
Ma 50Greater thanMa 100703.620
Ma 100Greater thanMa 200699.252
OpenGreater thanClose760.800
Total4/5 (80.0%)



Latest Balance Sheet

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

Summary
Total Assets9,779,562
Total Liabilities6,439,211
Total Stockholder Equity3,340,351
 As reported
Total Liabilities 6,439,211
Total Stockholder Equity+ 3,340,351
Total Assets = 9,779,562

Assets

Total Assets9,779,562
Total Current Assets5,422,137
Long-term Assets4,357,423
Total Current Assets
Cash And Cash Equivalents 651,660
Short-term Investments 8,736
Net Receivables 1,814,463
Inventory 2,393,140
Other Current Assets 554,138
Total Current Assets  (as reported)5,422,137
Total Current Assets  (calculated)5,422,137
+/-0
Long-term Assets
Property Plant Equipment 3,772,170
Goodwill 81,356
Intangible Assets 10,642
Long-term Assets Other 237,458
Long-term Assets  (as reported)4,357,423
Long-term Assets  (calculated)4,101,626
+/- 255,797

Liabilities & Shareholders' Equity

Total Current Liabilities4,513,211
Long-term Liabilities1,926,000
Total Stockholder Equity3,340,351
Total Current Liabilities
Short-term Debt 1,805,147
Short Long Term Debt 1,680,292
Accounts payable 2,513,034
Other Current Liabilities 45,343
Total Current Liabilities  (as reported)4,513,211
Total Current Liabilities  (calculated)6,043,816
+/- 1,530,605
Long-term Liabilities
Long term Debt Total 1,759,149
Long term Debt 1,218,791
Capital Lease Obligations Min Short Term Debt-1,139,934
Long-term Liabilities Other 2
Long-term Liabilities  (as reported)1,926,000
Long-term Liabilities  (calculated)1,838,008
+/- 87,992
Total Stockholder Equity
Common Stock160,292
Retained Earnings 2,374,206
Accumulated Other Comprehensive Income 70,255
Capital Surplus 810,646
Total Stockholder Equity (as reported)3,340,351
Total Stockholder Equity (calculated)3,415,399
+/- 75,048
Other
Capital Stock160,292
Cash And Equivalents397,014
Cash and Short Term Investments 660,396
Common Stock Shares Outstanding 32,044
Current Deferred Revenue149,687
Liabilities and Stockholders Equity 9,779,562
Net Debt 2,912,636
Net Invested Capital 6,239,434
Net Working Capital 908,926
Property Plant and Equipment Gross 3,772,170
Short Long Term Debt Total 3,564,296



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-312015-03-312014-03-312013-03-312012-03-312011-03-312010-03-312009-03-312008-03-312007-03-31
> Total Assets 
1,197,444
1,654,257
2,089,052
2,051,503
2,496,017
3,576,000
3,224,184
3,085,105
3,676,372
3,619,079
4,226,151
5,488,840
5,840,474
5,960,899
7,012,328
9,565,689
9,779,562
9,779,5629,565,6897,012,3285,960,8995,840,4745,488,8404,226,1513,619,0793,676,3723,085,1053,224,1843,576,0002,496,0172,051,5032,089,0521,654,2571,197,444
   > Total Current Assets 
734,179
965,643
1,302,366
1,328,224
1,815,540
2,747,884
2,316,135
2,105,555
2,532,808
2,555,755
2,778,571
3,136,361
3,280,052
3,183,127
3,859,205
5,877,492
5,422,137
5,422,1375,877,4923,859,2053,183,1273,280,0523,136,3612,778,5712,555,7552,532,8082,105,5552,316,1352,747,8841,815,5401,328,2241,302,366965,643734,179
       Cash And Cash Equivalents 
57,831
84,862
68,338
63,488
93,258
113,731
63,092
94,688
152,881
182,297
110,168
31,965
12,243
65,879
2,801
76,381
651,660
651,66076,3812,80165,87912,24331,965110,168182,297152,88194,68863,092113,73193,25863,48868,33884,86257,831
       Short-term Investments 
0
0
0
0
0
10
10
10
10
11
11
163
205
96
107
73
8,736
8,736731079620516311111010101000000
       Net Receivables 
0
0
0
0
0
0
0
0
1,070,702
1,238,485
950,939
1,433,482
2,264,632
1,851,896
2,283,934
3,077,941
1,814,463
1,814,4633,077,9412,283,9341,851,8962,264,6321,433,482950,9391,238,4851,070,70200000000
       Inventory 
289,717
391,156
625,956
614,989
850,584
1,042,937
1,010,825
967,883
1,059,290
1,175,713
1,449,736
1,291,637
1,002,732
1,265,016
1,572,209
2,722,871
2,393,140
2,393,1402,722,8711,572,2091,265,0161,002,7321,291,6371,449,7361,175,7131,059,290967,8831,010,8251,042,937850,584614,989625,956391,156289,717
       Other Current Assets 
386,631
489,625
608,072
649,747
871,698
1,591,206
1,242,208
1,042,974
1,320,627
1,197,734
1,218,656
1,812,596
240
240
154
226
554,138
554,1382261542402401,812,5961,218,6561,197,7341,320,6271,042,9741,242,2081,591,206871,698649,747608,072489,625386,631
   > Long-term Assets 
463,265
688,614
786,686
723,279
680,477
828,116
908,049
979,550
1,143,564
1,063,324
1,447,580
2,352,479
2,560,422
2,777,772
3,153,123
3,688,197
4,357,423
4,357,4233,688,1973,153,1232,777,7722,560,4222,352,4791,447,5801,063,3241,143,564979,550908,049828,116680,477723,279786,686688,614463,265
       Property Plant Equipment 
463,255
688,604
786,676
723,269
680,467
803,738
842,301
920,337
958,633
874,676
1,058,550
2,086,327
2,274,690
2,468,449
2,707,174
3,114,648
3,772,170
3,772,1703,114,6482,707,1742,468,4492,274,6902,086,3271,058,550874,676958,633920,337842,301803,738680,467723,269786,676688,604463,255
       Goodwill 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
81,356
81,3560000000000000000
       Long Term Investments 
0
0
0
0
0
0
0
0
164,100
164,100
173,484
173,484
164,100
0
0
0
0
0000164,100173,484173,484164,100164,10000000000
       Intangible Assets 
0
0
0
0
0
8,874
0
0
6,757
5,286
12,629
46,809
71,983
113,348
180,710
138,242
10,642
10,642138,242180,710113,34871,98346,80912,6295,2866,757008,87400000
       Long-term Assets Other 
10
10
10
10
10
15,504
24,958
18,423
20,841
24,559
224,941
46,022
49,854
149
149
149
237,458
237,45814914914949,85446,022224,94124,55920,84118,42324,95815,5041010101010
> Total Liabilities 
705,268
1,110,304
1,494,945
1,454,481
1,825,105
2,569,361
2,134,755
1,969,409
2,503,862
2,549,536
3,093,767
3,943,202
4,080,835
3,882,893
4,654,400
6,726,529
6,439,211
6,439,2116,726,5294,654,4003,882,8934,080,8353,943,2023,093,7672,549,5362,503,8621,969,4092,134,7552,569,3611,825,1051,454,4811,494,9451,110,304705,268
   > Total Current Liabilities 
473,936
617,056
610,086
658,016
821,974
2,347,178
1,918,727
1,678,405
2,175,922
2,241,796
2,478,793
2,912,956
2,972,768
2,883,635
3,424,223
4,926,241
4,513,211
4,513,2114,926,2413,424,2232,883,6352,972,7682,912,9562,478,7932,241,7962,175,9221,678,4051,918,7272,347,178821,974658,016610,086617,056473,936
       Short-term Debt 
0
0
0
0
0
0
1,305,352
940,913
1,098,742
1,365,073
1,365,345
1,662,801
1,705,372
1,772,376
2,153,462
2,296,651
1,805,147
1,805,1472,296,6512,153,4621,772,3761,705,3721,662,8011,365,3451,365,0731,098,742940,9131,305,352000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
67,534
70,413
1,365,345
1,662,801
1,705,372
1,741,902
1,847,872
2,142,395
1,680,292
1,680,2922,142,3951,847,8721,741,9021,705,3721,662,8011,365,34570,41367,53400000000
       Accounts payable 
0
0
0
0
0
0
438,618
567,328
849,794
710,249
1,056,058
1,080,795
1,036,528
967,140
1,052,874
2,202,170
2,513,034
2,513,0342,202,1701,052,874967,1401,036,5281,080,7951,056,058710,249849,794567,328438,618000000
       Other Current Liabilities 
473,936
617,056
610,086
658,016
821,974
2,347,178
174,757
170,164
227,386
166,474
54,085
132,110
10,258
14,324
13,907
16,642
45,343
45,34316,64213,90714,32410,258132,11054,085166,474227,386170,164174,7572,347,178821,974658,016610,086617,056473,936
   > Long-term Liabilities 
231,332
493,248
884,859
796,465
1,003,131
222,183
216,028
291,004
327,940
307,740
614,974
1,030,246
1,108,067
999,258
1,230,177
1,800,288
1,926,000
1,926,0001,800,2881,230,177999,2581,108,0671,030,246614,974307,740327,940291,004216,028222,1831,003,131796,465884,859493,248231,332
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
260,187
571,098
886,819
755,955
670,688
1,022,405
1,630,994
1,759,149
1,759,1491,630,9941,022,405670,688755,955886,819571,098260,187000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
62,489
47,021
59,017
159,171
352,112
328,570
207,772
169,294
0
0169,294207,772328,570352,112159,17159,01747,02162,48900000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
8,927
12,034
43,201
89,655
162,219
120,486
0
0120,486162,21989,65543,20112,0348,9270000000000
> Total Stockholder Equity
492,176
543,953
594,107
597,020
670,912
1,006,639
1,089,429
1,115,696
1,172,510
1,069,543
1,132,384
1,545,638
1,759,639
2,078,006
2,357,928
2,839,160
3,340,351
3,340,3512,839,1602,357,9282,078,0061,759,6391,545,6381,132,3841,069,5431,172,5101,115,6961,089,4291,006,639670,912597,020594,107543,953492,176
   Common Stock
92,051
94,458
94,458
94,459
94,459
134,959
134,959
134,959
134,959
134,959
134,959
149,181
149,181
160,292
160,292
160,292
160,292
160,292160,292160,292160,292149,181149,181134,959134,959134,959134,959134,959134,95994,45994,45994,45894,45892,051
   Retained Earnings Total Equity00000000000000000
   Accumulated Other Comprehensive Income 
-120,475
-153,652
-208,880
-265,807
-328,014
-381,335
-458,166
-536,603
-690,366
-836,216
-937,909
-1,093,327
-1,221,714
-1,474,652
81,808
82,067
70,255
70,25582,06781,808-1,474,652-1,221,714-1,093,327-937,909-836,216-690,366-536,603-458,166-381,335-328,014-265,807-208,880-153,652-120,475
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
621,757
621,757
810,646
810,646
810,646
810,646
810,646810,646810,646810,646621,757621,75700000000000
   Treasury Stock00000000000000000
   Other Stockholders Equity 
520,600
603,147
708,529
768,368
904,467
1,253,015
916,145
997,082
1,152,781
1,291,243
1,392,936
1,840,132
1,968,519
-1,267,318
803,886
810,646
735,598
735,598810,646803,886-1,267,3181,968,5191,840,1321,392,9361,291,2431,152,781997,082916,1451,253,015904,467768,368708,529603,147520,600



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 (+$)
totalRevenue11,001,715
Cost of Revenue-7,823,080
Gross Profit3,178,6353,178,635
 
Operating Income (+$)
Gross Profit3,178,635
Operating Expense-2,111,312
Operating Income1,266,8391,067,323
 
Operating Expense (+$)
Research Development39,130
Selling General Administrative866,285
Selling And Marketing Expenses0
Operating Expense2,111,312905,415
 
Net Interest Income (+$)
Interest Income446,541
Interest Expense-446,541
Other Finance Cost-446,541
Net Interest Income-446,541
 
Pretax Income (+$)
Operating Income1,266,839
Net Interest Income-446,541
Other Non-Operating Income Expenses0
Income Before Tax (EBT)799,0501,734,628
EBIT - interestExpense = 799,050
799,050
1,034,862
Interest Expense446,541
Earnings Before Interest and Taxes (EBIT)1,245,5911,245,591
Earnings Before Interest and Taxes (EBITDA)1,692,114
 
After tax Income (+$)
Income Before Tax799,050
Tax Provision-210,729
Net Income From Continuing Ops588,321588,321
Net Income588,321
Net Income Applicable To Common Shares588,321
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses9,934,392
Total Other Income/Expenses Net-467,789446,541
 

Technical Analysis of Pitti
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 Pitti. The general trend of Pitti is BULLISH with 85.7% 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 Pitti'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 (85.7%) Bearish trend (-85.7%)
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 Pitti Engineering 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: 817.00.

The bearish price targets are: 689.00 > 663.55 > 636.00.

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Pitti Engineering 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 Pitti Engineering Limited. The current mas is .

The long score for the Moving Averages is 13/14.
The longshort score for the Moving Averages is 12/(-14 +14).

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

Directionalities and relatives.

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

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

Pitti Engineering 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 Pitti Engineering Limited. The current macd is 10.88.

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

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Pitti price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Pitti. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Pitti price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Pitti Engineering Limited Daily Moving Average Convergence/Divergence (MACD) ChartPitti Engineering 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 Pitti Engineering Limited. The current adx is 20.70.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Pitti shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Pitti Engineering 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 Pitti Engineering Limited. The current sar is 674.60.

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
Pitti Engineering 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 Pitti Engineering Limited. The current rsi is 57.01. The current phase is Continuation in bull market.

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

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
Pitti Engineering Limited Daily Relative Strength Index (RSI) ChartPitti Engineering 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 Pitti Engineering Limited. The current phase is Continuation in bull market.

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

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Pitti price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Pitti Engineering Limited Daily Stochastic Oscillator ChartPitti Engineering 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 Pitti Engineering Limited. The current cci is 38.92.

Pitti Engineering Limited Daily Commodity Channel Index (CCI) ChartPitti Engineering 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 Pitti Engineering Limited. The current cmo is 17.11.

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

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Pitti Engineering Limited Daily Chande Momentum Oscillator (CMO) ChartPitti Engineering 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 Pitti Engineering Limited. The current willr is -26.28716461.

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

Pitti Engineering 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 Pitti Engineering Limited. The current atr is 36.69.

Pitti Engineering Limited Daily Average True Range (ATR) ChartPitti Engineering 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 Pitti Engineering Limited. The current obv is 14,642,483.

Pitti Engineering Limited Daily On-Balance Volume (OBV) ChartPitti Engineering 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 Pitti Engineering Limited. The current mfi is 51.69.

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

  • MFI > 50: +1
Pitti Engineering Limited Daily Money Flow Index (MFI) ChartPitti Engineering Limited Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Pitti Engineering 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
2023-11-06STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-08SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-10STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-13STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-15CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-16CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-17STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-20CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-22STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-23CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-24CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-28CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-11-30STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-04SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-05CCI 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).
2023-12-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-07MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-11STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-12STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-14SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-12-15STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-18CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-20STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-21DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-12-22DMI 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
2023-12-26STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-27STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-28SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2023-12-29MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-01-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-08MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-10STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-11STOCH LONG EXITThe %K line crosses below the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-16CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-17SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-18DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-01-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-23WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-25RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-30STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-31STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-01STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-02STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-05CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-02-07CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-08DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-02-09STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-12DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-13SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-14MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-02-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-20MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
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
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).
2024-02-22WILLR 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).
2024-02-23MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-27STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-28RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-01STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-05RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-06WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-07STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-11SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-12CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI 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
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-14STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-18STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-20STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-21DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-03-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-26STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

Pitti Engineering Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5057.012
Ma 20Greater thanMa 50753.540
Ma 50Greater thanMa 100703.620
Ma 100Greater thanMa 200699.252
OpenGreater thanClose760.800
Total4/5 (80.0%)
Penke

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