25 XP   0   0   10

S.A.L. Steel Limited
Buy, Hold or Sell?

Let's analyse S.A.L. Steel Limited together

PenkeI guess you are interested in S.A.L. Steel 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 S.A.L. Steel 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.

Get notifications about S.A.L. Steel Limited

I send you an email if I find something interesting about S.A.L. Steel Limited.

Quick analysis of S.A.L. Steel Limited (30 sec.)










What can you expect buying and holding a share of S.A.L. Steel Limited? (30 sec.)

How much money do you get?

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

What is your share worth?

Current worth
INR4.89
Expected worth in 1 year
INR6.96
How sure are you?
60.0%

+ What do you gain per year?

Total Gains per Share
INR2.07
Return On Investment
10.0%

For what price can you sell your share?

Current Price per Share
INR20.65
Expected price per share
INR17.35 - INR30.45
How sure are you?
50%

1. Valuation of S.A.L. Steel Limited (5 min.)




Live pricePrice per Share (EOD)

INR20.65

Intrinsic Value Per Share

INR-10.08 - INR19.19

Total Value Per Share

INR-5.19 - INR24.08

2. Growth of S.A.L. Steel Limited (5 min.)




Is S.A.L. Steel Limited growing?

Current yearPrevious yearGrowGrow %
How rich?$4.9m$4.4m$527.2k10.6%

How much money is S.A.L. Steel Limited making?

Current yearPrevious yearGrowGrow %
Making money$425.5k$1.3m-$959.5k-225.5%
Net Profit Margin0.7%2.3%--

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

3. Financial Health of S.A.L. Steel Limited (5 min.)




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




  Industry Rankings (Steel)  


Richest
#314 / 330

Most Revenue
#245 / 330

Most Profit
#229 / 330

Most Efficient
#221 / 330

What can you expect buying and holding a share of S.A.L. Steel Limited? (5 min.)

Welcome investor! S.A.L. Steel Limited's management wants to use your money to grow the business. In return you get a share of S.A.L. Steel Limited.

What can you expect buying and holding a share of S.A.L. Steel Limited?

First you should know what it really means to hold a share of S.A.L. Steel Limited. And how you can make/lose money.

Speculation

The Price per Share of S.A.L. Steel Limited is INR20.65. 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 S.A.L. Steel Limited.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

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

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is INR4.89. Based on the TTM, the Book Value Change Per Share is INR0.52 per quarter. Based on the YOY, the Book Value Change Per Share is INR1.34 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is INR0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of S.A.L. Steel Limited.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps0.000.0%0.000.0%0.020.1%0.010.0%-0.01-0.1%
Usd Book Value Change Per Share0.010.0%0.010.0%0.020.1%0.010.1%-0.010.0%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.010.0%0.010.0%0.020.1%0.010.1%-0.010.0%
Usd Price Per Share0.16-0.16-0.12-0.08-0.06-
Price to Earnings Ratio32.88-32.88-7.32-8.30-8.95-
Price-to-Total Gains Ratio26.49-26.49-7.41-5.77-3.55-
Price to Book Ratio2.80-2.80-2.28--5.32--1.44-
Price-to-Total Gains Ratio26.49-26.49-7.41-5.77-3.55-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.2478
Number of shares4035
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.010.01
Usd Total Gains Per Share0.010.01
Gains per Quarter (4035 shares)25.0443.01
Gains per Year (4035 shares)100.16172.05
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10100900172162
202001900344334
303002900516506
404013900688678
505014900860850
60601590010321022
70701690012041194
80801790013761366
90901890015481538
1001002990017201710

How sure are you?

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

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%6.04.00.060.0%11.05.00.068.8%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%6.04.00.060.0%11.05.00.068.8%
Dividend per Share0.00.01.00.0%0.00.03.00.0%0.00.05.00.0%0.00.010.00.0%0.00.016.00.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%6.04.00.060.0%11.05.00.068.8%

Fundamentals of S.A.L. Steel Limited

About S.A.L. Steel Limited

S.A.L. Steel Limited engages in the manufacture and sale of sponge iron and ferro alloys in India and internationally. It operates through Iron & Steel and Power segments. The company also offers iron ore pellets and finished steel products. In addition, it generates and sells 40 MW power from waste heat recovery boiler and fluidized bed combustion boiler. Its products are primarily used in iron and steel industries. S.A.L. Steel Limited was incorporated in 2003 and is based in Gandhinagar, India.

Fundamental data was last updated by Penke on 2024-03-12 20:18:06.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is not making a profit/loss.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable 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 overpriced.
Based on how much money comes from the company's main activities, the company is underpriced.

1.1. Profitability of S.A.L. Steel Limited.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit S.A.L. Steel Limited earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare S.A.L. Steel Limited to the Steel industry mean.
  • A Net Profit Margin of 0.7% means that ₹0.01 for each ₹1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of S.A.L. Steel Limited:

  • The MRQ is 0.7%. The company is not making a profit/loss.
  • The TTM is 0.7%. The company is not making a profit/loss.
Trends
Current periodCompared to+/- 
MRQ0.7%TTM0.7%0.0%
TTM0.7%YOY2.3%-1.6%
TTM0.7%5Y1.4%-0.7%
5Y1.4%10Y-2.3%+3.7%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7%2.6%-1.9%
TTM0.7%2.9%-2.2%
YOY2.3%4.8%-2.5%
5Y1.4%3.5%-2.1%
10Y-2.3%2.9%-5.2%
1.1.2. Return on Assets

Shows how efficient S.A.L. Steel Limited is using its assets to generate profit.

  • Above 5% is considered healthy but always compare S.A.L. Steel Limited to the Steel industry mean.
  • 1.3% Return on Assets means that S.A.L. Steel Limited generated ₹0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of S.A.L. Steel Limited:

  • The MRQ is 1.3%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.3%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.3%TTM1.3%0.0%
TTM1.3%YOY4.0%-2.7%
TTM1.3%5Y1.3%0.0%
5Y1.3%10Y-2.2%+3.6%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3%1.1%+0.2%
TTM1.3%1.2%+0.1%
YOY4.0%1.9%+2.1%
5Y1.3%1.3%+0.0%
10Y-2.2%1.0%-3.2%
1.1.3. Return on Equity

Shows how efficient S.A.L. Steel Limited is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare S.A.L. Steel Limited to the Steel industry mean.
  • 8.5% Return on Equity means S.A.L. Steel Limited generated ₹0.09 for each ₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of S.A.L. Steel Limited:

  • The MRQ is 8.5%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 8.5%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ8.5%TTM8.5%0.0%
TTM8.5%YOY31.1%-22.5%
TTM8.5%5Y38.5%-30.0%
5Y38.5%10Y126.0%-87.5%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ8.5%2.0%+6.5%
TTM8.5%2.2%+6.3%
YOY31.1%3.8%+27.3%
5Y38.5%2.4%+36.1%
10Y126.0%1.8%+124.2%

1.2. Operating Efficiency of S.A.L. Steel Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient S.A.L. Steel Limited is operating .

  • Measures how much profit S.A.L. Steel Limited makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare S.A.L. Steel Limited to the Steel industry mean.
  • An Operating Margin of 2.7% means the company generated ₹0.03  for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of S.A.L. Steel Limited:

  • The MRQ is 2.7%. The company is operating less efficient.
  • The TTM is 2.7%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ2.7%TTM2.7%0.0%
TTM2.7%YOY3.2%-0.6%
TTM2.7%5Y3.0%-0.4%
5Y3.0%10Y-0.1%+3.2%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ2.7%5.9%-3.2%
TTM2.7%3.4%-0.7%
YOY3.2%6.1%-2.9%
5Y3.0%5.6%-2.6%
10Y-0.1%4.1%-4.2%
1.2.2. Operating Ratio

Measures how efficient S.A.L. Steel Limited is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Steel industry mean).
  • An Operation Ratio of 0.97 means that the operating costs are ₹0.97 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of S.A.L. Steel Limited:

  • The MRQ is 0.973. The company is less efficient in keeping operating costs low.
  • The TTM is 0.973. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.973TTM0.9730.000
TTM0.973YOY1.025-0.052
TTM0.9735Y1.018-0.045
5Y1.01810Y1.004+0.014
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9731.706-0.733
TTM0.9731.629-0.656
YOY1.0251.488-0.463
5Y1.0181.527-0.509
10Y1.0041.306-0.302

1.3. Liquidity of S.A.L. Steel Limited.

1.3. Liquidity
1.3.1. Current Ratio

Measures if S.A.L. Steel Limited is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Steel industry mean).
  • A Current Ratio of 1.50 means the company has ₹1.50 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of S.A.L. Steel Limited:

  • The MRQ is 1.496. The company is just able to pay all its short-term debts.
  • The TTM is 1.496. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.496TTM1.4960.000
TTM1.496YOY0.583+0.913
TTM1.4965Y1.119+0.378
5Y1.11910Y0.817+0.302
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ1.4961.669-0.173
TTM1.4961.736-0.240
YOY0.5831.669-1.086
5Y1.1191.615-0.496
10Y0.8171.436-0.619
1.3.2. Quick Ratio

Measures if S.A.L. Steel Limited is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare S.A.L. Steel Limited to the Steel industry mean.
  • A Quick Ratio of 0.80 means the company can pay off ₹0.80 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of S.A.L. Steel Limited:

  • The MRQ is 0.799. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.799. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.799TTM0.7990.000
TTM0.799YOY0.248+0.551
TTM0.7995Y0.741+0.058
5Y0.74110Y0.467+0.274
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7990.612+0.187
TTM0.7990.647+0.152
YOY0.2480.717-0.469
5Y0.7410.693+0.048
10Y0.4670.633-0.166

1.4. Solvency of S.A.L. Steel Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of S.A.L. Steel Limited assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare S.A.L. Steel Limited to Steel industry mean.
  • A Debt to Asset Ratio of 0.85 means that S.A.L. Steel Limited assets are financed with 85.0% credit (debt) and the remaining percentage (100% - 85.0%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of S.A.L. Steel Limited:

  • The MRQ is 0.850. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.850. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.850TTM0.8500.000
TTM0.850YOY0.872-0.022
TTM0.8505Y0.919-0.069
5Y0.91910Y0.967-0.048
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8500.447+0.403
TTM0.8500.449+0.401
YOY0.8720.477+0.395
5Y0.9190.487+0.432
10Y0.9670.510+0.457
1.4.2. Debt to Equity Ratio

Measures if S.A.L. Steel Limited is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare S.A.L. Steel Limited to the Steel industry mean.
  • A Debt to Equity ratio of 566.4% means that company has ₹5.66 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of S.A.L. Steel Limited:

  • The MRQ is 5.664. The company is unable to pay all its debts with equity. -1
  • The TTM is 5.664. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ5.664TTM5.6640.000
TTM5.664YOY6.830-1.166
TTM5.6645Y8.673-3.009
5Y8.67310Y12.163-3.490
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ5.6640.812+4.852
TTM5.6640.848+4.816
YOY6.8300.938+5.892
5Y8.6730.997+7.676
10Y12.1631.192+10.971

2. Market Valuation of S.A.L. Steel 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 S.A.L. Steel Limited generates.

  • Above 15 is considered overpriced but always compare S.A.L. Steel Limited to the Steel industry mean.
  • A PE ratio of 32.88 means the investor is paying ₹32.88 for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of S.A.L. Steel Limited:

  • The EOD is 49.564. Based on the earnings, the company is overpriced. -1
  • The MRQ is 32.883. Based on the earnings, the company is overpriced. -1
  • The TTM is 32.883. Based on the earnings, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD49.564MRQ32.883+16.681
MRQ32.883TTM32.8830.000
TTM32.883YOY7.324+25.558
TTM32.8835Y8.297+24.586
5Y8.29710Y8.953-0.656
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
EOD49.5648.509+41.055
MRQ32.8837.916+24.967
TTM32.8837.165+25.718
YOY7.3246.986+0.338
5Y8.2978.371-0.074
10Y8.95311.042-2.089
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of S.A.L. Steel Limited:

  • The EOD is 28.391. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 18.836. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 18.836. Based on how much money comes from the company's main activities, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD28.391MRQ18.836+9.555
MRQ18.836TTM18.8360.000
TTM18.836YOY3.801+15.034
TTM18.8365Y4.383+14.453
5Y4.38310Y2.692+1.691
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
EOD28.3913.022+25.369
MRQ18.8362.944+15.892
TTM18.8362.158+16.678
YOY3.8011.434+2.367
5Y4.3830.944+3.439
10Y2.6921.561+1.131
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of S.A.L. Steel Limited is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Steel industry mean).
  • A PB ratio of 2.80 means the investor is paying ₹2.80 for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of S.A.L. Steel Limited:

  • The EOD is 4.225. Based on the equity, the company is fair priced.
  • The MRQ is 2.803. Based on the equity, the company is underpriced. +1
  • The TTM is 2.803. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD4.225MRQ2.803+1.422
MRQ2.803TTM2.8030.000
TTM2.803YOY2.277+0.526
TTM2.8035Y-5.324+8.127
5Y-5.32410Y-1.443-3.881
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
EOD4.2251.005+3.220
MRQ2.8030.953+1.850
TTM2.8030.958+1.845
YOY2.2771.077+1.200
5Y-5.3241.064-6.388
10Y-1.4431.127-2.570
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of S.A.L. Steel 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--0.5170.5170%1.344-62%0.888-42%-0.753+246%
Book Value Per Share--4.8884.8880%4.371+12%2.773+76%1.436+240%
Current Ratio--1.4961.4960%0.583+157%1.119+34%0.817+83%
Debt To Asset Ratio--0.8500.8500%0.872-3%0.919-7%0.967-12%
Debt To Equity Ratio--5.6645.6640%6.830-17%8.673-35%12.163-53%
Dividend Per Share----0%-0%-0%-0%
Eps--0.4170.4170%1.359-69%0.492-15%-0.893+314%
Free Cash Flow Per Share--0.7270.7270%2.617-72%1.266-43%1.034-30%
Free Cash Flow To Equity Per Share---0.094-0.0940%0.014-758%-0.519+451%-0.315+235%
Gross Profit Margin--0.6240.6240%0.897-30%0.806-23%0.874-29%
Intrinsic Value_10Y_max--19.188--------
Intrinsic Value_10Y_min---10.075--------
Intrinsic Value_1Y_max--1.989--------
Intrinsic Value_1Y_min--0.524--------
Intrinsic Value_3Y_max--5.926--------
Intrinsic Value_3Y_min--0.255--------
Intrinsic Value_5Y_max--9.802--------
Intrinsic Value_5Y_min---1.457--------
Market Cap1754562437.600+34%1164047900.0001164047900.0000%845421650.000+38%570128570.000+104%440978404.400+164%
Net Profit Margin--0.0070.0070%0.023-69%0.014-49%-0.023+418%
Operating Margin--0.0270.0270%0.032-17%0.030-12%-0.001+104%
Operating Ratio--0.9730.9730%1.025-5%1.018-4%1.004-3%
Pb Ratio4.225+34%2.8032.8030%2.277+23%-5.324+290%-1.443+151%
Pe Ratio49.564+34%32.88332.8830%7.324+349%8.297+296%8.953+267%
Price Per Share20.650+34%13.70013.7000%9.950+38%6.710+104%5.190+164%
Price To Free Cash Flow Ratio28.391+34%18.83618.8360%3.801+395%4.383+330%2.692+600%
Price To Total Gains Ratio39.931+34%26.49226.4920%7.405+258%5.766+359%3.549+646%
Quick Ratio--0.7990.7990%0.248+222%0.741+8%0.467+71%
Return On Assets--0.0130.0130%0.040-68%0.013-3%-0.022+274%
Return On Equity--0.0850.0850%0.311-73%0.385-78%1.260-93%
Total Gains Per Share--0.5170.5170%1.344-62%0.888-42%-0.753+246%
Usd Book Value--4983600.0004983600.0000%4456320.000+12%2827140.000+76%1464094.336+240%
Usd Book Value Change Per Share--0.0060.0060%0.016-62%0.011-42%-0.009+246%
Usd Book Value Per Share--0.0590.0590%0.052+12%0.033+76%0.017+240%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps--0.0050.0050%0.016-69%0.006-15%-0.011+314%
Usd Free Cash Flow--741600.000741600.0000%2668788.000-72%1290609.600-43%1053787.255-30%
Usd Free Cash Flow Per Share--0.0090.0090%0.031-72%0.015-43%0.012-30%
Usd Free Cash Flow To Equity Per Share---0.001-0.0010%0.000-758%-0.006+451%-0.004+235%
Usd Market Cap21054749.251+34%13968574.80013968574.8000%10145059.800+38%6841542.840+104%5291740.853+164%
Usd Price Per Share0.248+34%0.1640.1640%0.119+38%0.081+104%0.062+164%
Usd Profit--425544.000425544.0000%1385136.000-69%501976.800-15%-837987.246+297%
Usd Revenue--59487600.00059487600.0000%60632604.000-2%54740920.800+9%50052607.696+19%
Usd Total Gains Per Share--0.0060.0060%0.016-62%0.011-42%-0.009+246%
 EOD+4 -4MRQTTM+0 -0YOY+12 -225Y+15 -1910Y+25 -9

3.2. Fundamental Score

Let's check the fundamental score of S.A.L. Steel Limited based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1549.564
Price to Book Ratio (EOD)Between0-14.225
Net Profit Margin (MRQ)Greater than00.007
Operating Margin (MRQ)Greater than00.027
Quick Ratio (MRQ)Greater than10.799
Current Ratio (MRQ)Greater than11.496
Debt to Asset Ratio (MRQ)Less than10.850
Debt to Equity Ratio (MRQ)Less than15.664
Return on Equity (MRQ)Greater than0.150.085
Return on Assets (MRQ)Greater than0.050.013
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of S.A.L. Steel Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5046.488
Ma 20Greater thanMa 5020.148
Ma 50Greater thanMa 10023.653
Ma 100Greater thanMa 20022.269
OpenGreater thanClose21.950
Total3/5 (60.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2019-03-312020-03-312021-03-312022-03-312023-03-31
Short-term Debt  109,93486,448196,38224,757221,1391,020,4031,241,542-1,472,094-230,552



Latest Balance Sheet

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

Summary
Total Assets2,767,400
Total Liabilities2,352,100
Total Stockholder Equity415,300
 As reported
Total Liabilities 2,352,100
Total Stockholder Equity+ 415,300
Total Assets = 2,767,400

Assets

Total Assets2,767,400
Total Current Assets1,339,600
Long-term Assets1,427,800
Total Current Assets
Cash And Cash Equivalents 2,200
Short-term Investments 6,800
Net Receivables 699,300
Inventory 586,700
Other Current Assets 44,600
Total Current Assets  (as reported)1,339,600
Total Current Assets  (calculated)1,339,600
+/-0
Long-term Assets
Property Plant Equipment 1,394,700
Intangible Assets 600
Other Assets 2,200
Long-term Assets  (as reported)1,427,800
Long-term Assets  (calculated)1,397,500
+/- 30,300

Liabilities & Shareholders' Equity

Total Current Liabilities895,300
Long-term Liabilities1,456,800
Total Stockholder Equity415,300
Total Current Liabilities
Short-term Debt -230,552
Accounts payable 289,700
Other Current Liabilities 605,600
Total Current Liabilities  (as reported)895,300
Total Current Liabilities  (calculated)664,748
+/- 230,552
Long-term Liabilities
Long term Debt Total 1,250,000
Other Liabilities 206,891
Long-term Liabilities  (as reported)1,456,800
Long-term Liabilities  (calculated)1,456,891
+/- 91
Total Stockholder Equity
Common Stock849,700
Retained Earnings -807,670
Accumulated Other Comprehensive Income 85,493
Other Stockholders Equity 287,777
Total Stockholder Equity (as reported)415,300
Total Stockholder Equity (calculated)415,300
+/-0
Other
Capital Stock849,700
Cash And Equivalents2,200
Cash and Short Term Investments 9,000
Common Stock Shares Outstanding 84,967
Current Deferred Revenue230,552
Liabilities and Stockholders Equity 2,767,400
Net Debt 1,247,800
Net Invested Capital 1,665,300
Net Tangible Assets 414,733
Net Working Capital 444,300
Property Plant and Equipment Gross 1,394,700
Short Long Term Debt Total 1,250,000



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-312015-03-312014-03-312013-03-312012-03-312011-03-312010-03-312009-03-312008-03-31
> Total Assets 
4,691,243
4,579,587
4,421,359
4,426,394
4,815,901
4,386,462
4,130,903
2,886,825
2,502,581
2,895,965
2,819,937
2,828,494
3,138,010
2,952,749
2,907,611
2,767,400
2,767,4002,907,6112,952,7493,138,0102,828,4942,819,9372,895,9652,502,5812,886,8254,130,9034,386,4624,815,9014,426,3944,421,3594,579,5874,691,243
   > Total Current Assets 
1,261,876
1,229,897
1,166,907
1,042,502
1,458,416
1,204,772
1,033,614
585,871
763,631
1,236,754
1,172,268
1,390,347
1,419,343
1,309,068
1,344,856
1,339,600
1,339,6001,344,8561,309,0681,419,3431,390,3471,172,2681,236,754763,631585,8711,033,6141,204,7721,458,4161,042,5021,166,9071,229,8971,261,876
       Cash And Cash Equivalents 
106,365
168,506
85,879
63,417
65,729
48,926
10,736
13,062
11,123
12,367
24,186
2,558
1,865
8,719
9,867
2,200
2,2009,8678,7191,8652,55824,18612,36711,12313,06210,73648,92665,72963,41785,879168,506106,365
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
4,294
4,500
6,500
6,800
6,8006,5004,5004,294000000000000
       Net Receivables 
0
0
0
0
0
0
482,564
131,394
404,593
502,903
346,964
1,042,255
1,197,291
863,758
555,779
699,300
699,300555,779863,7581,197,2911,042,255346,964502,903404,593131,394482,564000000
       Inventory 
724,806
764,875
719,185
528,529
712,402
541,850
386,022
316,621
292,014
602,033
760,333
317,072
197,621
321,691
486,710
586,700
586,700486,710321,691197,621317,072760,333602,033292,014316,621386,022541,850712,402528,529719,185764,875724,806
       Other Current Assets 
430,705
296,516
361,843
450,556
680,286
613,995
636,855
256,187
460,494
622,354
387,749
28,462
1,219,857
114,900
292,500
44,600
44,600292,500114,9001,219,85728,462387,749622,354460,494256,187636,855613,995680,286450,556361,843296,516430,705
   > Long-term Assets 
3,429,367
3,349,690
3,254,451
3,383,893
3,357,484
3,181,691
3,097,289
2,300,955
1,738,950
1,659,211
1,647,669
1,438,146
1,718,666
1,643,680
1,562,755
1,427,800
1,427,8001,562,7551,643,6801,718,6661,438,1461,647,6691,659,2111,738,9502,300,9553,097,2893,181,6913,357,4843,383,8933,254,4513,349,6903,429,367
       Property Plant Equipment 
3,403,682
3,324,739
3,240,241
3,377,321
2,869,524
2,777,601
2,601,132
2,031,692
1,644,486
1,574,449
1,524,028
1,362,739
1,640,448
1,559,157
1,468,300
1,394,700
1,394,7001,468,3001,559,1571,640,4481,362,7391,524,0281,574,4491,644,4862,031,6922,601,1322,777,6012,869,5243,377,3213,240,2413,324,7393,403,682
       Intangible Assets 
0
0
0
0
0
0
577
577
577
577
577
577
577
577
577
600
600577577577577577577577577577000000
       Long-term Assets Other 
25,685
24,951
14,210
6,572
487,961
355,481
334,528
269,263
94,464
84,762
123,064
74,830
41,019
44,124
33,600
2,200
2,20033,60044,12441,01974,830123,06484,76294,464269,263334,528355,481487,9616,57214,21024,95125,685
> Total Liabilities 
3,465,376
3,334,106
3,167,597
3,169,906
3,475,222
3,331,707
3,430,415
2,950,112
2,853,551
3,178,010
2,782,020
2,841,076
2,991,309
2,695,553
2,536,251
2,352,100
2,352,1002,536,2512,695,5532,991,3092,841,0762,782,0203,178,0102,853,5512,950,1123,430,4153,331,7073,475,2223,169,9063,167,5973,334,1063,465,376
   > Total Current Liabilities 
829,263
765,224
868,402
594,572
1,789,186
2,248,838
2,814,777
2,722,149
2,798,911
3,156,105
881,848
1,021,532
1,302,208
1,232,268
2,306,517
895,300
895,3002,306,5171,232,2681,302,2081,021,532881,8483,156,1052,798,9112,722,1492,814,7772,248,8381,789,186594,572868,402765,224829,263
       Short-term Debt 
0
0
0
0
458,396
608,132
753,160
767,515
711,657
2,550,514
75,860
109,934
196,382
221,139
1,241,542
-230,552
-230,5521,241,542221,139196,382109,93475,8602,550,514711,657767,515753,160608,132458,3960000
       Short Long Term Debt 
0
0
0
0
0
0
2,138,141
294,320
108,881
2,550,514
75,860
109,934
196,382
2,300
1,241,500
0
01,241,5002,300196,382109,93475,8602,550,514108,881294,3202,138,141000000
       Accounts payable 
0
0
0
0
680,555
529,979
235,718
273,990
230,733
319,984
236,252
489,456
668,156
631,714
471,441
289,700
289,700471,441631,714668,156489,456236,252319,984230,733273,990235,718529,979680,5550000
       Other Current Liabilities 
829,263
765,224
868,402
594,572
650,235
1,110,726
1,825,899
1,680,644
1,856,521
285,607
26,945
101,122
634,052
293,200
168,112
605,600
605,600168,112293,200634,052101,12226,945285,6071,856,5211,680,6441,825,8991,110,726650,235594,572868,402765,224829,263
   > Long-term Liabilities 
2,636,114
2,568,881
2,299,195
2,575,334
1,686,036
1,082,869
615,638
227,963
54,640
21,905
1,900,172
1,819,544
1,689,101
1,463,285
229,734
1,456,800
1,456,800229,7341,463,2851,689,1011,819,5441,900,17221,90554,640227,963615,6381,082,8691,686,0362,575,3342,299,1952,568,8812,636,114
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
1,689,577
1,672,944
1,600,738
1,456,326
1,239,708
0
1,250,000
1,250,00001,239,7081,456,3261,600,7381,672,9441,689,577000000000
       Other Liabilities 
0
0
0
0
0
0
75,150
76,608
12,148
53,880
227,227
218,807
233,941
219,093
222,722
206,891
206,891222,722219,093233,941218,807227,22753,88012,14876,60875,150000000
> Total Stockholder Equity
1,225,867
1,245,481
1,253,762
1,256,489
1,340,679
1,054,755
700,488
-63,287
-350,970
-282,045
37,917
-12,582
146,701
257,196
371,360
415,300
415,300371,360257,196146,701-12,58237,917-282,045-350,970-63,287700,4881,054,7551,340,6791,256,4891,253,7621,245,4811,225,867
   Common Stock
849,667
849,667
849,667
849,667
849,667
849,667
849,667
849,667
849,667
849,667
849,667
849,667
849,667
849,667
849,667
849,700
849,700849,667849,667849,667849,667849,667849,667849,667849,667849,667849,667849,667849,667849,667849,667849,667
   Retained Earnings Total Equity0000000000000000
   Accumulated Other Comprehensive Income 
-424,866
-610,449
-803,840
-990,606
-1,167,989
-1,358,633
-1,532,092
-1,627,695
-1,711,545
-1,787,968
-1,865,468
-1,933,064
-2,008,261
82,753
84,017
85,493
85,49384,01782,753-2,008,261-1,933,064-1,865,468-1,787,968-1,711,545-1,627,695-1,532,092-1,358,633-1,167,989-990,606-803,840-610,449-424,866
   Capital Surplus 0000000000000000
   Treasury Stock0000000000000000
   Other Stockholders Equity 
801,066
1,006,263
1,207,935
1,397,428
1,659,000
1,563,722
1,900,424
1,996,027
2,079,876
2,156,299
2,235,886
2,302,019
220,648
283,336
280,808
287,777
287,777280,808283,336220,6482,302,0192,235,8862,156,2992,079,8761,996,0271,900,4241,563,7221,659,0001,397,4281,207,9351,006,263801,066



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 (+$)
totalRevenue4,957,300
Cost of Revenue-3,981,600
Gross Profit975,700975,700
 
Operating Income (+$)
Gross Profit975,700
Operating Expense-842,300
Operating Income130,790133,400
 
Operating Expense (+$)
Research Development0
Selling General Administrative42,028
Selling And Marketing Expenses13,333
Operating Expense842,30055,361
 
Net Interest Income (+$)
Interest Income78,200
Interest Expense-78,200
Other Finance Cost-78,200
Net Interest Income-78,200
 
Pretax Income (+$)
Operating Income130,790
Net Interest Income-78,200
Other Non-Operating Income Expenses0
Income Before Tax (EBT)55,200206,360
EBIT - interestExpense = 55,200
55,262
113,662
Interest Expense78,200
Earnings Before Interest and Taxes (EBIT)133,400133,400
Earnings Before Interest and Taxes (EBITDA)228,800
 
After tax Income (+$)
Income Before Tax55,200
Tax Provision-19,800
Net Income From Continuing Ops35,40035,400
Net Income35,462
Net Income Applicable To Common Shares35,400
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses4,823,900
Total Other Income/Expenses Net-75,57078,200
 

Technical Analysis of S.A.L. Steel Limited
The psychology behind the price

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

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of S.A.L. Steel Limited. The general trend of S.A.L. Steel Limited is BULLISH with 14.3% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine S.A.L. Steel Limited's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

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

Indicator zone transitionsBullish trend (14.3%) Bearish trend (-14.3%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

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

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


Score

Let's take a look at the Support & Resistance of S.A.L. Steel 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: 23.10 < 23.30 < 30.45.

The bearish price targets are: 17.80 > 17.40 > 17.35.

Tweet this
S.A.L. Steel 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 S.A.L. Steel Limited. The current mas is .

The long score for the Moving Averages is 8/14.
The longshort score for the Moving Averages is 2/(-14 +14).

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

Directionalities and relatives.

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

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

S.A.L. Steel 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 S.A.L. Steel Limited. The current macd is -1.01991551.

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 S.A.L. Steel Limited price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for S.A.L. Steel Limited. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the S.A.L. Steel Limited price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
S.A.L. Steel Limited Daily Moving Average Convergence/Divergence (MACD) ChartS.A.L. Steel 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 S.A.L. Steel Limited. The current adx is 33.92.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-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 S.A.L. Steel Limited shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2
S.A.L. Steel 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 S.A.L. Steel Limited. The current sar is 17.40.

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
S.A.L. Steel 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 S.A.L. Steel Limited. The current rsi is 46.49. The current phase is Correction in bull market.

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

  • Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
  • Trending down: The RSI is trending down. -1
S.A.L. Steel Limited Daily Relative Strength Index (RSI) ChartS.A.L. Steel 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 S.A.L. Steel Limited. The current phase is Continuation in bull market.

The long score for the Stochastic Oscillator is 1/6.
The longshort score for the Stochastic Oscillator is -2/(-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 below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the S.A.L. Steel Limited price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
S.A.L. Steel Limited Daily Stochastic Oscillator ChartS.A.L. Steel 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 S.A.L. Steel Limited. The current cci is 55.41.

S.A.L. Steel Limited Daily Commodity Channel Index (CCI) ChartS.A.L. Steel 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 S.A.L. Steel Limited. The current cmo is 3.33774145.

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
S.A.L. Steel Limited Daily Chande Momentum Oscillator (CMO) ChartS.A.L. Steel 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 S.A.L. Steel Limited. The current willr is -27.08333333.

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 S.A.L. Steel Limited is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
S.A.L. Steel Limited Daily Williams %R ChartS.A.L. Steel 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 S.A.L. Steel Limited.

S.A.L. Steel 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 S.A.L. Steel Limited. The current atr is 0.94730189.

S.A.L. Steel Limited Daily Average True Range (ATR) ChartS.A.L. Steel 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 S.A.L. Steel Limited. The current obv is 32,692,070.

S.A.L. Steel Limited Daily On-Balance Volume (OBV) ChartS.A.L. Steel 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 S.A.L. Steel Limited. The current mfi is 62.44.

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
S.A.L. Steel Limited Daily Money Flow Index (MFI) ChartS.A.L. Steel Limited Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for S.A.L. Steel 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
2023-11-09DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-10STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-13CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-16DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-11-17SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-21STOCH LONG EXITThe %K line crosses below the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-22RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-11-28STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-30RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-06STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-08STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-12MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-14STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-15STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-19MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-20ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-21STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-22WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-26RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-12-28STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-01STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-04MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-09STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-10SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-11STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-16STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-17CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-18STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-23STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-24DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-25STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-29DMI 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.
2024-01-30STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-31STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-01DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-02-05DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
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).
2024-02-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-07STOCH LONG EXITThe %K line crosses below the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-08ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-12RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-02-13MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-16MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-19DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-02-21WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-26CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-28MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-18ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-19SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-20STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-21SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-22MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-26SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-27DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-28STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).

6.3. Candlestick Patterns

S.A.L. Steel Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of S.A.L. Steel Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5046.488
Ma 20Greater thanMa 5020.148
Ma 50Greater thanMa 10023.653
Ma 100Greater thanMa 20022.269
OpenGreater thanClose21.950
Total3/5 (60.0%)
Penke

Good job! You gained 25 XP and 0   0   10 . What's next:

  • Share my analysis of S.A.L. Steel Limited with someone you think should read this too:
  • Are you bullish or bearish on S.A.L. Steel Limited? Let me know what you think in the comments.
  • Do you want an email if I find something interesting about S.A.L. Steel Limited? Add an email alert using the form below.
  • Join the community if you want to keep your earnings and track your progress: Join the community
  • Is this analysis useful to you? Support me via But Me a Coffee. I'll analyze the stock market faster for you!

Get notifications about S.A.L. Steel Limited

I send you an email if I find something interesting about S.A.L. Steel Limited.


Comments

How you think about this?

Leave a comment

Stay informed about S.A.L. Steel Limited.

Receive notifications about S.A.L. Steel Limited in your mailbox!