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Ratnamani Metals & Tubes Limited
Buy, Hold or Sell?

Let's analyse Ratnamani together

PenkeI guess you are interested in Ratnamani Metals & Tubes 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 Ratnamani Metals & Tubes 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 Ratnamani (30 sec.)










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

How much money do you get?

How much money do you get?
INR0.45
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
INR371.50
Expected worth in 1 year
INR574.42
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
INR240.26
Return On Investment
8.6%

For what price can you sell your share?

Current Price per Share
INR2,794.20
Expected price per share
INR2,525 - INR3,155
How sure are you?
50%

1. Valuation of Ratnamani (5 min.)




Live pricePrice per Share (EOD)

INR2,794.20

Intrinsic Value Per Share

INR50.80 - INR511.50

Total Value Per Share

INR422.30 - INR883.00

2. Growth of Ratnamani (5 min.)




Is Ratnamani growing?

Current yearPrevious yearGrowGrow %
How rich?$312.4m$269.7m$42.6m13.7%

How much money is Ratnamani making?

Current yearPrevious yearGrowGrow %
Making money$61.2m$38.7m$22.5m36.8%
Net Profit Margin11.4%10.3%--

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

3. Financial Health of Ratnamani (5 min.)




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




  Industry Rankings (Steel)  


Richest
#149 / 330

Most Revenue
#107 / 330

Most Profit
#53 / 330

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

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

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

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

Speculation

The Price per Share of Ratnamani is INR2,794. 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 Ratnamani.
  • 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 Ratnamani, 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 INR371.50. Based on the TTM, the Book Value Change Per Share is INR50.73 per quarter. Based on the YOY, the Book Value Change Per Share is INR37.20 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 INR9.33 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Ratnamani.

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 Eps0.870.0%0.870.0%0.550.0%0.570.0%0.420.0%
Usd Book Value Change Per Share0.610.0%0.610.0%0.450.0%0.440.0%0.340.0%
Usd Dividend Per Share0.110.0%0.110.0%0.110.0%0.110.0%0.080.0%
Usd Total Gains Per Share0.720.0%0.720.0%0.560.0%0.550.0%0.420.0%
Usd Price Per Share23.78-23.78-31.12-20.99-14.10-
Price to Earnings Ratio27.21-27.21-56.34-38.06-32.58-
Price-to-Total Gains Ratio33.00-33.00-55.73-37.86-31.82-
Price to Book Ratio5.33-5.33-8.08-6.02-4.98-
Price-to-Total Gains Ratio33.00-33.00-55.73-37.86-31.82-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share33.5304
Number of shares29
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.110.11
Usd Book Value Change Per Share0.610.44
Usd Total Gains Per Share0.720.55
Gains per Quarter (29 shares)20.9016.06
Gains per Year (29 shares)83.6164.25
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1137174135154
22614115826103118
33921224238154182
45228232651206246
56535341064257310
67842449477309374
79149457890360438
8104565662102412502
9117636746115463566
10130706830128514630

How sure are you?

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

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%19.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%19.00.00.0100.0%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%19.00.00.0100.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%19.00.00.0100.0%

Fundamentals of Ratnamani

About Ratnamani Metals & Tubes Limited

Ratnamani Metals & Tubes Limited manufactures and sells stainless steel pipes and tubes, and carbon steel pipes in India and internationally. The company's stainless steel products comprise seamless and welded tubes and pipes, and heat exchanger tubes; and instrumentation seamless tubes. It also provides nickel alloy seamless heat exchanger tubes; titanium welded tubes; induction bending; and carbon steel products, such as high frequency electric resistance and submerged arc welded pipes. In addition, the company offers coating solutions comprising external three layer polyethylene/polypropylene coating and dual layer fusion bonded epoxy coating products; and internal coating solutions, such as food grade epoxy / polyurethane / coal tar epoxy / cement lining, and other prevalent coatings. Further, it is also involved in the generation of power by windmills. The company serves oil and gas, thermal, chemical and fertilizer, LNG, desalination, aerospace, chillers and cooling system, pulp and paper, automobile, refinery, solar and nuclear power, petrochemical, dairy, and defense industries. The company was incorporated in 1983 and is based in Ahmedabad, India.

Fundamental data was last updated by Penke on 2024-03-23 16:48:05.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge 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 efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

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

1.1. Profitability of Ratnamani Metals & Tubes Limited.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Ratnamani to the Steel industry mean.
  • A Net Profit Margin of 11.4% means that ₹0.11 for each ₹1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Ratnamani Metals & Tubes Limited:

  • The MRQ is 11.4%. The company is making a huge profit. +2
  • The TTM is 11.4%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ11.4%TTM11.4%0.0%
TTM11.4%YOY10.3%+1.1%
TTM11.4%5Y11.4%+0.0%
5Y11.4%10Y10.6%+0.7%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ11.4%2.6%+8.8%
TTM11.4%2.9%+8.5%
YOY10.3%4.8%+5.5%
5Y11.4%3.5%+7.9%
10Y10.6%2.9%+7.7%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Ratnamani to the Steel industry mean.
  • 13.5% Return on Assets means that Ratnamani generated ₹0.14 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Ratnamani Metals & Tubes Limited:

  • The MRQ is 13.5%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 13.5%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ13.5%TTM13.5%0.0%
TTM13.5%YOY10.9%+2.6%
TTM13.5%5Y12.4%+1.1%
5Y12.4%10Y12.0%+0.4%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ13.5%1.1%+12.4%
TTM13.5%1.2%+12.3%
YOY10.9%1.9%+9.0%
5Y12.4%1.3%+11.1%
10Y12.0%1.0%+11.0%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Ratnamani to the Steel industry mean.
  • 19.6% Return on Equity means Ratnamani generated ₹0.20 for each ₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Ratnamani Metals & Tubes Limited:

  • The MRQ is 19.6%. Using its investors money, the company is efficient in making profit. +1
  • The TTM is 19.6%. Using its investors money, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ19.6%TTM19.6%0.0%
TTM19.6%YOY14.4%+5.3%
TTM19.6%5Y17.2%+2.4%
5Y17.2%10Y16.3%+0.9%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ19.6%2.0%+17.6%
TTM19.6%2.2%+17.4%
YOY14.4%3.8%+10.6%
5Y17.2%2.4%+14.8%
10Y16.3%1.8%+14.5%

1.2. Operating Efficiency of Ratnamani Metals & Tubes Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Ratnamani is operating .

  • Measures how much profit Ratnamani 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 Ratnamani to the Steel industry mean.
  • An Operating Margin of 16.2% means the company generated ₹0.16  for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Ratnamani Metals & Tubes Limited:

  • The MRQ is 16.2%. The company is operating efficient. +1
  • The TTM is 16.2%. The company is operating efficient. +1
Trends
Current periodCompared to+/- 
MRQ16.2%TTM16.2%0.0%
TTM16.2%YOY13.8%+2.4%
TTM16.2%5Y15.1%+1.1%
5Y15.1%10Y15.0%+0.1%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ16.2%5.9%+10.3%
TTM16.2%3.4%+12.8%
YOY13.8%6.1%+7.7%
5Y15.1%5.6%+9.5%
10Y15.0%4.1%+10.9%
1.2.2. Operating Ratio

Measures how efficient Ratnamani is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Steel industry mean).
  • An Operation Ratio of 0.85 means that the operating costs are ₹0.85 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of Ratnamani Metals & Tubes Limited:

  • The MRQ is 0.845. The company is less efficient in keeping operating costs low.
  • The TTM is 0.845. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.845TTM0.8450.000
TTM0.845YOY0.867-0.022
TTM0.8455Y0.859-0.013
5Y0.85910Y0.859-0.001
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8451.706-0.861
TTM0.8451.629-0.784
YOY0.8671.488-0.621
5Y0.8591.527-0.668
10Y0.8591.306-0.447

1.3. Liquidity of Ratnamani Metals & Tubes Limited.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Steel industry mean).
  • A Current Ratio of 2.94 means the company has ₹2.94 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of Ratnamani Metals & Tubes Limited:

  • The MRQ is 2.943. The company is able to pay all its short-term debts. +1
  • The TTM is 2.943. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ2.943TTM2.9430.000
TTM2.943YOY3.473-0.530
TTM2.9435Y3.172-0.229
5Y3.17210Y3.286-0.114
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ2.9431.669+1.274
TTM2.9431.736+1.207
YOY3.4731.669+1.804
5Y3.1721.615+1.557
10Y3.2861.436+1.850
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Ratnamani to the Steel industry mean.
  • A Quick Ratio of 1.61 means the company can pay off ₹1.61 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Ratnamani Metals & Tubes Limited:

  • The MRQ is 1.605. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 1.605. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ1.605TTM1.6050.000
TTM1.605YOY1.621-0.016
TTM1.6055Y2.212-0.607
5Y2.21210Y2.061+0.151
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6050.612+0.993
TTM1.6050.647+0.958
YOY1.6210.717+0.904
5Y2.2120.693+1.519
10Y2.0610.633+1.428

1.4. Solvency of Ratnamani Metals & Tubes Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Ratnamani to Steel industry mean.
  • A Debt to Asset Ratio of 0.31 means that Ratnamani assets are financed with 31.1% credit (debt) and the remaining percentage (100% - 31.1%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Ratnamani Metals & Tubes Limited:

  • The MRQ is 0.311. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.311. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.311TTM0.3110.000
TTM0.311YOY0.241+0.070
TTM0.3115Y0.276+0.035
5Y0.27610Y0.258+0.018
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3110.447-0.136
TTM0.3110.449-0.138
YOY0.2410.477-0.236
5Y0.2760.487-0.211
10Y0.2580.510-0.252
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Ratnamani to the Steel industry mean.
  • A Debt to Equity ratio of 45.2% means that company has ₹0.45 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Ratnamani Metals & Tubes Limited:

  • The MRQ is 0.452. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.452. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.452TTM0.4520.000
TTM0.452YOY0.318+0.134
TTM0.4525Y0.385+0.067
5Y0.38510Y0.354+0.030
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4520.812-0.360
TTM0.4520.848-0.396
YOY0.3180.938-0.620
5Y0.3850.997-0.612
10Y0.3541.192-0.838

2. Market Valuation of Ratnamani Metals & Tubes 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 Ratnamani generates.

  • Above 15 is considered overpriced but always compare Ratnamani to the Steel industry mean.
  • A PE ratio of 27.21 means the investor is paying ₹27.21 for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Ratnamani Metals & Tubes Limited:

  • The EOD is 38.366. Based on the earnings, the company is overpriced. -1
  • The MRQ is 27.212. Based on the earnings, the company is overpriced. -1
  • The TTM is 27.212. Based on the earnings, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD38.366MRQ27.212+11.154
MRQ27.212TTM27.2120.000
TTM27.212YOY56.339-29.127
TTM27.2125Y38.058-10.846
5Y38.05810Y32.581+5.477
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
EOD38.3668.509+29.857
MRQ27.2127.916+19.296
TTM27.2127.165+20.047
YOY56.3396.986+49.353
5Y38.0588.371+29.687
10Y32.58111.042+21.539
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Ratnamani Metals & Tubes Limited:

  • The EOD is 116.172. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is 82.398. Based on how much money comes from the company's main activities, the company is overpriced. -1
  • The TTM is 82.398. Based on how much money comes from the company's main activities, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD116.172MRQ82.398+33.774
MRQ82.398TTM82.3980.000
TTM82.398YOY-42.523+124.921
TTM82.3985Y3.963+78.435
5Y3.96310Y37.944-33.981
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
EOD116.1723.022+113.150
MRQ82.3982.944+79.454
TTM82.3982.158+80.240
YOY-42.5231.434-43.957
5Y3.9630.944+3.019
10Y37.9441.561+36.383
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Steel industry mean).
  • A PB ratio of 5.33 means the investor is paying ₹5.33 for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of Ratnamani Metals & Tubes Limited:

  • The EOD is 7.521. Based on the equity, the company is overpriced. -1
  • The MRQ is 5.335. Based on the equity, the company is overpriced. -1
  • The TTM is 5.335. Based on the equity, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD7.521MRQ5.335+2.187
MRQ5.335TTM5.3350.000
TTM5.335YOY8.085-2.750
TTM5.3355Y6.024-0.689
5Y6.02410Y4.979+1.045
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
EOD7.5211.005+6.516
MRQ5.3350.953+4.382
TTM5.3350.958+4.377
YOY8.0851.077+7.008
5Y6.0241.064+4.960
10Y4.9791.127+3.852
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Ratnamani Metals & Tubes 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--50.73250.7320%37.202+36%36.953+37%27.923+82%
Book Value Per Share--371.498371.4980%320.766+16%287.385+29%218.050+70%
Current Ratio--2.9432.9430%3.473-15%3.172-7%3.286-10%
Debt To Asset Ratio--0.3110.3110%0.241+29%0.276+13%0.258+21%
Debt To Equity Ratio--0.4520.4520%0.318+42%0.385+17%0.354+27%
Dividend Per Share--9.3339.3330%9.3330%9.200+1%6.876+36%
Eps--72.83072.8300%46.032+58%47.640+53%34.906+109%
Free Cash Flow Per Share--24.05224.0520%-60.987+354%13.154+83%7.718+212%
Free Cash Flow To Equity Per Share--7.4917.4910%-80.181+1170%3.485+115%-0.546+107%
Gross Profit Margin--0.9820.9820%0.969+1%0.982+0%0.9840%
Intrinsic Value_10Y_max--511.499--------
Intrinsic Value_10Y_min--50.801--------
Intrinsic Value_1Y_max--21.417--------
Intrinsic Value_1Y_min--6.931--------
Intrinsic Value_3Y_max--87.089--------
Intrinsic Value_3Y_min--19.354--------
Intrinsic Value_5Y_max--180.179--------
Intrinsic Value_5Y_min--30.070--------
Market Cap195851066400.000+29%138911830200.000138911830200.0000%181773088200.000-24%122619996180.000+13%82354438413.000+69%
Net Profit Margin--0.1140.1140%0.103+10%0.114+0%0.106+7%
Operating Margin--0.1620.1620%0.138+18%0.151+7%0.150+8%
Operating Ratio--0.8450.8450%0.867-3%0.859-2%0.859-2%
Pb Ratio7.521+29%5.3355.3350%8.085-34%6.024-11%4.979+7%
Pe Ratio38.366+29%27.21227.2120%56.339-52%38.058-28%32.581-16%
Price Per Share2794.200+29%1981.8501981.8500%2593.350-24%1749.415+13%1174.888+69%
Price To Free Cash Flow Ratio116.172+29%82.39882.3980%-42.523+152%3.963+1979%37.944+117%
Price To Total Gains Ratio46.520+29%32.99532.9950%55.729-41%37.865-13%31.820+4%
Quick Ratio--1.6051.6050%1.621-1%2.212-27%2.061-22%
Return On Assets--0.1350.1350%0.109+24%0.124+9%0.120+13%
Return On Equity--0.1960.1960%0.144+37%0.172+14%0.163+20%
Total Gains Per Share--60.06560.0650%46.535+29%46.153+30%34.799+73%
Usd Book Value--312468516.000312468516.0000%269797908.000+16%241720490.400+29%183425521.200+70%
Usd Book Value Change Per Share--0.6090.6090%0.446+36%0.443+37%0.335+82%
Usd Book Value Per Share--4.4584.4580%3.849+16%3.449+29%2.617+70%
Usd Dividend Per Share--0.1120.1120%0.1120%0.110+1%0.083+36%
Usd Eps--0.8740.8740%0.552+58%0.572+53%0.419+109%
Usd Free Cash Flow--20230416.00020230416.0000%-51296064.000+354%11064069.600+83%6494112.000+212%
Usd Free Cash Flow Per Share--0.2890.2890%-0.732+354%0.158+83%0.093+212%
Usd Free Cash Flow To Equity Per Share--0.0900.0900%-0.962+1170%0.042+115%-0.007+107%
Usd Market Cap2350212796.800+29%1666941962.4001666941962.4000%2181277058.400-24%1471439954.160+13%988253260.956+69%
Usd Price Per Share33.530+29%23.78223.7820%31.120-24%20.993+13%14.099+69%
Usd Profit--61257624.00061257624.0000%38717340.000+58%41381191.200+48%29989222.800+104%
Usd Revenue--536928360.000536928360.0000%374629296.000+43%365579712.000+47%277606051.200+93%
Usd Total Gains Per Share--0.7210.7210%0.558+29%0.554+30%0.418+73%
 EOD+4 -4MRQTTM+0 -0YOY+25 -95Y+29 -710Y+28 -8

3.2. Fundamental Score

Let's check the fundamental score of Ratnamani Metals & Tubes Limited based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1538.366
Price to Book Ratio (EOD)Between0-17.521
Net Profit Margin (MRQ)Greater than00.114
Operating Margin (MRQ)Greater than00.162
Quick Ratio (MRQ)Greater than11.605
Current Ratio (MRQ)Greater than12.943
Debt to Asset Ratio (MRQ)Less than10.311
Debt to Equity Ratio (MRQ)Less than10.452
Return on Equity (MRQ)Greater than0.150.196
Return on Assets (MRQ)Greater than0.050.135
Total8/10 (80.0%)

3.3. Technical Score

Let's check the technical score of Ratnamani Metals & Tubes Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5044.834
Ma 20Greater thanMa 502,821.580
Ma 50Greater thanMa 1003,054.262
Ma 100Greater thanMa 2003,245.732
OpenGreater thanClose2,752.350
Total1/5 (20.0%)



Latest Balance Sheet

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

Summary
Total Assets37,802,829
Total Liabilities11,763,786
Total Stockholder Equity26,039,043
 As reported
Total Liabilities 11,763,786
Total Stockholder Equity+ 26,039,043
Total Assets = 37,802,829

Assets

Total Assets37,802,829
Total Current Assets25,329,692
Long-term Assets12,473,137
Total Current Assets
Cash And Cash Equivalents 341,234
Short-term Investments 1,690,842
Net Receivables 10,094,854
Inventory 12,591,736
Other Current Assets 611,026
Total Current Assets  (as reported)25,329,692
Total Current Assets  (calculated)25,329,692
+/-0
Long-term Assets
Property Plant Equipment 12,034,416
Goodwill 186,397
Intangible Assets 8,625
Other Assets 113,955
Long-term Assets  (as reported)12,473,137
Long-term Assets  (calculated)12,343,393
+/- 129,744

Liabilities & Shareholders' Equity

Total Current Liabilities8,607,607
Long-term Liabilities3,156,179
Total Stockholder Equity26,039,043
Total Current Liabilities
Short-term Debt 1,680,561
Short Long Term Debt 1,669,438
Accounts payable 3,741,916
Other Current Liabilities 2,587,793
Total Current Liabilities  (as reported)8,607,607
Total Current Liabilities  (calculated)9,679,708
+/- 1,072,101
Long-term Liabilities
Long term Debt Total 689,394
Long term Debt 572,361
Capital Lease Obligations 128,156
Long-term Liabilities Other 793,085
Long-term Liabilities  (as reported)3,156,179
Long-term Liabilities  (calculated)2,182,996
+/- 973,183
Total Stockholder Equity
Common Stock140,184
Retained Earnings 18,365,042
Accumulated Other Comprehensive Income 7,313,428
Capital Surplus 181,178
Total Stockholder Equity (as reported)26,039,043
Total Stockholder Equity (calculated)25,999,832
+/- 39,211
Other
Capital Stock140,184
Cash And Equivalents341,234
Cash and Short Term Investments 2,032,076
Common Stock Shares Outstanding 70,092
Current Deferred Revenue597,337
Liabilities and Stockholders Equity 37,802,829
Net Debt 2,028,721
Net Invested Capital 28,280,842
Net Working Capital 16,722,085
Property Plant and Equipment Gross 12,034,416
Short Long Term Debt Total 2,369,955



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-312015-03-312014-03-312013-03-312012-03-312011-03-312010-03-312009-03-312008-03-312007-03-312006-03-312005-03-31
> Total Assets 
1,666,535
2,733,636
5,155,998
5,986,960
7,148,650
8,525,635
9,828,727
10,143,825
10,286,879
11,476,081
12,270,121
13,007,245
14,138,340
17,472,623
20,531,228
25,445,711
26,165,879
29,624,801
37,802,829
37,802,82929,624,80126,165,87925,445,71120,531,22817,472,62314,138,34013,007,24512,270,12111,476,08110,286,87910,143,8259,828,7278,525,6357,148,6505,986,9605,155,9982,733,6361,666,535
   > Total Current Assets 
598,623
1,125,849
2,567,370
3,134,510
3,290,066
4,396,034
6,150,641
6,129,124
6,063,899
6,848,019
7,355,094
7,987,387
9,114,307
12,406,608
14,182,943
16,410,053
16,545,456
19,647,208
25,329,692
25,329,69219,647,20816,545,45616,410,05314,182,94312,406,6089,114,3077,987,3877,355,0946,848,0196,063,8996,129,1246,150,6414,396,0343,290,0663,134,5102,567,3701,125,849598,623
       Cash And Cash Equivalents 
79,572
101,389
113,030
198,354
521,142
243,016
474,123
706,911
600,359
434,119
780,243
123,015
154,093
54,680
1,413,906
454,503
421,323
386,364
341,234
341,234386,364421,323454,5031,413,90654,680154,093123,015780,243434,119600,359706,911474,123243,016521,142198,354113,030101,38979,572
       Short-term Investments 
68,148
89,816
198,086
293,067
528,359
814,253
518,054
65,044
291,052
540,528
200,000
200,000
765,404
41,748
2,090,666
2,934,982
6,541,480
1,361,939
1,690,842
1,690,8421,361,9396,541,4802,934,9822,090,66641,748765,404200,000200,000540,528291,05265,044518,054814,253528,359293,067198,08689,81668,148
       Net Receivables 
0
0
0
0
0
0
0
0
0
2,801,939
2,265,652
3,899,150
4,256,464
5,584,464
4,635,503
3,717,742
4,042,839
6,060,912
10,094,854
10,094,8546,060,9124,042,8393,717,7424,635,5035,584,4644,256,4643,899,1502,265,6522,801,939000000000
       Inventory 
234,935
587,977
1,648,719
1,502,664
1,010,008
1,675,677
3,518,056
2,838,061
2,327,343
2,517,154
3,430,887
2,947,297
3,390,983
5,739,960
5,900,293
8,592,110
5,368,871
11,119,717
12,591,736
12,591,73611,119,7175,368,8718,592,1105,900,2935,739,9603,390,9832,947,2973,430,8872,517,1542,327,3432,838,0613,518,0561,675,6771,010,0081,502,6641,648,719587,977234,935
       Other Current Assets 
215,968
346,667
607,535
1,140,425
1,230,557
1,663,088
1,640,408
2,519,108
2,845,145
3,356,218
2,943,964
4,717,075
4,803,827
985,756
142,575
710,716
170,943
718,276
611,026
611,026718,276170,943710,716142,575985,7564,803,8274,717,0752,943,9643,356,2182,845,1452,519,1081,640,4081,663,0881,230,5571,140,425607,535346,667215,968
   > Long-term Assets 
1,067,912
1,607,787
2,588,628
2,852,450
3,858,584
4,129,601
3,678,086
4,014,701
4,222,980
4,628,062
4,915,027
5,019,858
5,024,033
5,066,015
6,348,285
9,035,658
9,620,423
9,977,593
12,473,137
12,473,1379,977,5939,620,4239,035,6586,348,2855,066,0155,024,0335,019,8584,915,0274,628,0624,222,9804,014,7013,678,0864,129,6013,858,5842,852,4502,588,6281,607,7871,067,912
       Property Plant Equipment 
1,064,887
1,607,723
2,588,562
2,852,382
3,858,514
3,629,108
3,607,997
3,928,800
4,104,341
4,524,132
4,648,854
4,927,810
4,857,937
4,914,177
6,179,223
8,706,024
9,407,014
9,803,189
12,034,416
12,034,4169,803,1899,407,0148,706,0246,179,2234,914,1774,857,9374,927,8104,648,8544,524,1324,104,3413,928,8003,607,9973,629,1083,858,5142,852,3822,588,5621,607,7231,064,887
       Goodwill 
2,641
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
186,397
186,397
186,397186,39700000000000000002,641
       Long Term Investments 
0
0
0
0
0
0
0
0
0
95
95
39,650
39,781
7,936
8,087
0
0
0
0
00008,0877,93639,78139,6509595000000000
       Intangible Assets 
0
0
0
0
0
0
0
22,282
0
23,982
16,650
9,465
6,240
8,609
6,959
7,762
7,333
11,064
8,625
8,62511,0647,3337,7626,9598,6096,2409,46516,65023,982022,2820000000
       Other Assets 
0
0
0
0
0
0
0
0
0
79,853
249,428
42,077
120,075
135,239
154,016
310,078
95,564
163,340
113,955
113,955163,34095,564310,078154,016135,239120,07542,077249,42879,853000000000
> Total Liabilities 
1,159,773
1,917,103
3,750,332
3,685,674
4,266,634
4,878,402
5,458,870
4,818,970
3,819,739
3,810,728
3,176,675
2,594,521
2,260,519
4,384,237
5,303,719
8,354,153
6,290,277
7,141,642
11,763,786
11,763,7867,141,6426,290,2778,354,1535,303,7194,384,2372,260,5192,594,5213,176,6753,810,7283,819,7394,818,9705,458,8704,878,4024,266,6343,685,6743,750,3321,917,1031,159,773
   > Total Current Liabilities 
511,865
653,608
1,587,376
1,713,313
1,824,449
1,095,997
2,365,452
3,915,359
2,999,977
3,182,615
2,614,945
2,114,267
1,779,853
3,955,327
4,871,533
6,183,346
4,268,016
5,656,938
8,607,607
8,607,6075,656,9384,268,0166,183,3464,871,5333,955,3271,779,8532,114,2672,614,9453,182,6152,999,9773,915,3592,365,4521,095,9971,824,4491,713,3131,587,376653,608511,865
       Short-term Debt 
0
0
0
0
0
0
0
2,198,394
934,922
568,663
220,223
143,090
0
789,138
653,966
759,110
516,104
531,434
1,680,561
1,680,561531,434516,104759,110653,966789,1380143,090220,223568,663934,9222,198,3940000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
810,623
84,080
88,219
0
789,138
653,966
759,110
7,961
520,143
1,669,438
1,669,438520,1437,961759,110653,966789,138088,21984,080810,623000000000
       Accounts payable 
430,693
507,466
1,360,249
1,212,881
1,485,084
739,947
1,963,264
955,126
1,005,979
1,531,000
1,275,555
1,227,663
1,171,381
1,927,897
2,919,048
2,639,549
2,423,301
3,144,859
3,741,916
3,741,9163,144,8592,423,3012,639,5492,919,0481,927,8971,171,3811,227,6631,275,5551,531,0001,005,979955,1261,963,264739,9471,485,0841,212,8811,360,249507,466430,693
       Other Current Liabilities 
81,172
146,142
227,127
500,432
339,365
356,050
402,188
761,839
1,059,076
1,082,952
1,119,167
886,604
540,446
1,238,292
1,298,519
364,487
57,531
33,646
2,587,793
2,587,79333,64657,531364,4871,298,5191,238,292540,446886,6041,119,1671,082,9521,059,076761,839402,188356,050339,365500,432227,127146,14281,172
   > Long-term Liabilities 
647,908
1,263,495
2,162,956
1,972,361
2,442,185
3,782,405
3,093,418
903,611
819,762
628,113
561,730
480,254
480,666
428,910
432,186
2,170,807
2,022,261
1,484,704
3,156,179
3,156,1791,484,7042,022,2612,170,807432,186428,910480,666480,254561,730628,113819,762903,6113,093,4183,782,4052,442,1851,972,3612,162,9561,263,495647,908
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,756,251
1,547,662
1,043,229
689,394
689,3941,043,2291,547,6621,756,251000000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
466,806
477,650
482,960
480,666
428,910
432,186
306,822
474,599
441,475
0
0441,475474,599306,822432,186428,910480,666482,960477,650466,806000000000
> Total Stockholder Equity
506,762
816,533
1,405,666
2,301,286
2,882,016
3,647,233
4,369,857
5,324,855
6,467,140
7,665,353
9,093,446
10,412,724
11,877,821
13,088,386
15,227,509
17,091,558
19,875,602
22,483,159
26,039,043
26,039,04322,483,15919,875,60217,091,55815,227,50913,088,38611,877,82110,412,7249,093,4467,665,3536,467,1405,324,8554,369,8573,647,2332,882,0162,301,2861,405,666816,533506,762
   Common Stock
90,000
90,000
90,000
90,000
90,000
91,887
92,750
92,831
92,831
93,367
93,456
93,456
93,456
93,456
93,456
93,456
93,456
93,456
140,184
140,18493,45693,45693,45693,45693,45693,45693,45693,45693,36792,83192,83192,75091,88790,00090,00090,00090,00090,000
   Retained Earnings Total Equity0000000000000000000
   Accumulated Other Comprehensive Income 
-290,810
-361,080
-513,377
-750,347
-1,045,209
-1,410,219
-1,806,641
-2,209,262
0
-3,050,309
-3,556,920
-4,075,548
-1,106,593
-1,697,611
-2,299,246
-2,877,511
7,262,787
7,293,871
7,313,428
7,313,4287,293,8717,262,787-2,877,511-2,299,246-1,697,611-1,106,593-4,075,548-3,556,920-3,050,3090-2,209,262-1,806,641-1,410,219-1,045,209-750,347-513,377-361,080-290,810
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
227,906
227,906
227,906
227,906
227,906
227,906
227,906
181,178
181,178227,906227,906227,906227,906227,906227,906227,90600000000000
   Treasury Stock0000000000000000000
   Other Stockholders Equity 
707,572
1,087,613
1,829,043
2,961,633
3,837,225
4,965,565
6,083,748
6,269,968
4,660,706
8,626,388
10,135,817
11,655,065
8,685,870
7,579,277
7,532,428
-16,833,296
267,117
267,117
220,389
220,389267,117267,117-16,833,2967,532,4287,579,2778,685,87011,655,06510,135,8178,626,3884,660,7066,269,9686,083,7484,965,5653,837,2252,961,6331,829,0431,087,613707,572



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 (+$)
totalRevenue44,744,030
Cost of Revenue-29,456,591
Gross Profit15,287,43915,287,439
 
Operating Income (+$)
Gross Profit15,287,439
Operating Expense-8,366,978
Operating Income6,923,4386,920,461
 
Operating Expense (+$)
Research Development0
Selling General Administrative184,049
Selling And Marketing Expenses91,635
Operating Expense8,366,978275,684
 
Net Interest Income (+$)
Interest Income311,919
Interest Expense-311,919
Other Finance Cost-311,919
Net Interest Income-311,919
 
Pretax Income (+$)
Operating Income6,923,438
Net Interest Income-311,919
Other Non-Operating Income Expenses0
Income Before Tax (EBT)6,935,3926,911,484
EBIT - interestExpense = 6,935,392
6,917,410
5,416,721
Interest Expense311,919
Earnings Before Interest and Taxes (EBIT)7,247,3117,247,311
Earnings Before Interest and Taxes (EBITDA)8,080,716
 
After tax Income (+$)
Income Before Tax6,935,392
Tax Provision-1,812,608
Net Income From Continuing Ops5,122,7845,122,784
Net Income5,104,802
Net Income Applicable To Common Shares5,104,802
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses37,823,569
Total Other Income/Expenses Net11,954311,919
 

Technical Analysis of Ratnamani
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 Ratnamani. The general trend of Ratnamani is BEARISH with 57.1% 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 Ratnamani'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 (-57.1%) Bearish trend (57.1%)
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 Ratnamani Metals & Tubes 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: 2,892 < 2,941 < 3,155.

The bearish price targets are: 2,582 > 2,562 > 2,525.

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Ratnamani Metals & Tubes 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 Ratnamani Metals & Tubes Limited. The current mas is .

The long score for the Moving Averages is 3/14.
The longshort score for the Moving Averages is -8/(-14 +14).

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

Ratnamani Metals & Tubes 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 Ratnamani Metals & Tubes Limited. The current macd is -84.87165751.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Ratnamani price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Ratnamani. 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 Ratnamani price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Ratnamani Metals & Tubes Limited Daily Moving Average Convergence/Divergence (MACD) ChartRatnamani Metals & Tubes 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 Ratnamani Metals & Tubes Limited. The current adx is 15.58.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-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 Ratnamani shares, leading to potential downward 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.
Ratnamani Metals & Tubes 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 Ratnamani Metals & Tubes Limited. The current sar is 2,655.

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
Ratnamani Metals & Tubes 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 Ratnamani Metals & Tubes Limited. The current rsi is 44.83. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is -2/(-13 +13).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending up: The RSI is trending up. +1
Ratnamani Metals & Tubes Limited Daily Relative Strength Index (RSI) ChartRatnamani Metals & Tubes 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 Ratnamani Metals & Tubes Limited. The current phase is Correction in bear 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 Ratnamani price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Ratnamani Metals & Tubes Limited Daily Stochastic Oscillator ChartRatnamani Metals & Tubes 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 Ratnamani Metals & Tubes Limited. The current cci is -20.48968357.

Ratnamani Metals & Tubes Limited Daily Commodity Channel Index (CCI) ChartRatnamani Metals & Tubes 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 Ratnamani Metals & Tubes Limited. The current cmo is -3.42228414.

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
Ratnamani Metals & Tubes Limited Daily Chande Momentum Oscillator (CMO) ChartRatnamani Metals & Tubes 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 Ratnamani Metals & Tubes Limited. The current willr is -36.30783051.

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 Ratnamani is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Ratnamani Metals & Tubes Limited Daily Williams %R ChartRatnamani Metals & Tubes 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 Ratnamani Metals & Tubes Limited.

Ratnamani Metals & Tubes 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 Ratnamani Metals & Tubes Limited. The current atr is 122.73.

Ratnamani Metals & Tubes Limited Daily Average True Range (ATR) ChartRatnamani Metals & Tubes 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 Ratnamani Metals & Tubes Limited. The current obv is 1,995,309.

Ratnamani Metals & Tubes Limited Daily On-Balance Volume (OBV) ChartRatnamani Metals & Tubes 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 Ratnamani Metals & Tubes Limited. The current mfi is 31.42.

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

  • MFI < 50: -1
Ratnamani Metals & Tubes Limited Daily Money Flow Index (MFI) ChartRatnamani Metals & Tubes Limited Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

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

6.3. Candlestick Patterns

Ratnamani Metals & Tubes Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Ratnamani Metals & Tubes Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5044.834
Ma 20Greater thanMa 502,821.580
Ma 50Greater thanMa 1003,054.262
Ma 100Greater thanMa 2003,245.732
OpenGreater thanClose2,752.350
Total1/5 (20.0%)
Penke

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