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Shriram Pistons & Rings Limited
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PenkeI guess you are interested in Shriram Pistons & Rings 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 Shriram Pistons & Rings 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 Shriram Pistons & Rings Limited (30 sec.)










What can you expect buying and holding a share of Shriram Pistons & Rings Limited? (30 sec.)

How much money do you get?

How much money do you get?
INR0.34
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
INR349.95
Expected worth in 1 year
INR610.11
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
INR288.16
Return On Investment
14.7%

For what price can you sell your share?

Current Price per Share
INR1,957.70
Expected price per share
INR1,410 - INR
How sure are you?
50%

1. Valuation of Shriram Pistons & Rings Limited (5 min.)




Live pricePrice per Share (EOD)

INR1,957.70

Intrinsic Value Per Share

INR507.69 - INR858.45

Total Value Per Share

INR857.64 - INR1,208.40

2. Growth of Shriram Pistons & Rings Limited (5 min.)




Is Shriram Pistons & Rings Limited growing?

Current yearPrevious yearGrowGrow %
How rich?$184.9m$150.6m$34.3m18.6%

How much money is Shriram Pistons & Rings Limited making?

Current yearPrevious yearGrowGrow %
Making money$35.2m$19.6m$15.5m44.3%
Net Profit Margin11.2%8.1%--

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

3. Financial Health of Shriram Pistons & Rings Limited (5 min.)




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




  Industry Rankings (Auto Parts)  


Richest
#294 / 564

Most Revenue
#156 / 564

Most Profit
#82 / 564

What can you expect buying and holding a share of Shriram Pistons & Rings Limited? (5 min.)

Welcome investor! Shriram Pistons & Rings Limited's management wants to use your money to grow the business. In return you get a share of Shriram Pistons & Rings Limited.

What can you expect buying and holding a share of Shriram Pistons & Rings Limited?

First you should know what it really means to hold a share of Shriram Pistons & Rings Limited. And how you can make/lose money.

Speculation

The Price per Share of Shriram Pistons & Rings Limited is INR1,958. 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 Shriram Pistons & Rings 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 Shriram Pistons & Rings 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 INR349.95. Based on the TTM, the Book Value Change Per Share is INR65.04 per quarter. Based on the YOY, the Book Value Change Per Share is INR28.28 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 INR7.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Shriram Pistons & Rings 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 Eps0.800.0%0.800.0%0.450.0%0.410.0%0.330.0%
Usd Book Value Change Per Share0.780.0%0.780.0%0.340.0%0.340.0%0.420.0%
Usd Dividend Per Share0.080.0%0.080.0%0.040.0%0.060.0%0.050.0%
Usd Total Gains Per Share0.860.0%0.860.0%0.380.0%0.410.0%0.470.0%
Usd Price Per Share12.08-12.08-8.46-46.45-26.50-
Price to Earnings Ratio15.12-15.12-18.99-126.04-72.35-
Price-to-Total Gains Ratio13.98-13.98-22.54-117.65-97.26-
Price to Book Ratio2.88-2.88-2.47-15.97-9.39-
Price-to-Total Gains Ratio13.98-13.98-22.54-117.65-97.26-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share23.4924
Number of shares42
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.080.06
Usd Book Value Change Per Share0.780.34
Usd Total Gains Per Share0.860.41
Gains per Quarter (42 shares)36.3117.04
Gains per Year (42 shares)145.2368.16
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
114131135115858
22826228021115126
34239342532173194
45652457043230262
57165671553288330
68578786064345398
799918100575403466
81131049115085460534
91271180129596518602
1014113111440107575670

How sure are you?

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

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

Fundamentals of Shriram Pistons & Rings Limited

About Shriram Pistons & Rings Limited

Shriram Pistons & Rings Limited manufactures and sells automotive components in India. It offers pistons, piston pins, piston rings, and engine valves. The company also provides cylinder liners, crankshafts, connecting rods, cylinder heads, and lubricating oils; fuel, air, cabin, and hydraulic filters; and gaskets, including copper asbestos copper, aluminium asbestos aluminium, multilayer steel, asbestos steel asbestos, and cylinder head gaskets. In addition, it offers electric motors and motor controllers; and precision injection moulded parts. Further, it exports its products. The company serves OEMs operating in the passenger and commercial vehicles, cars/SUVs, two and three wheelers, tractors, off-highway vehicles, and industrial engines markets. The company was incorporated in 1963 and is headquartered in New Delhi, India.

Fundamental data was last updated by Penke on 2024-03-23 17:55:03.

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 underpriced.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is underpriced.

1.1. Profitability of Shriram Pistons & Rings Limited.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Shriram Pistons & Rings Limited earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare Shriram Pistons & Rings Limited to the Auto Parts industry mean.
  • A Net Profit Margin of 11.2% 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 Shriram Pistons & Rings Limited:

  • The MRQ is 11.2%. The company is making a huge profit. +2
  • The TTM is 11.2%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ11.2%TTM11.2%0.0%
TTM11.2%YOY8.1%+3.2%
TTM11.2%5Y7.4%+3.9%
5Y7.4%10Y7.0%+0.3%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ11.2%3.9%+7.3%
TTM11.2%3.6%+7.6%
YOY8.1%3.5%+4.6%
5Y7.4%2.9%+4.5%
10Y7.0%4.0%+3.0%
1.1.2. Return on Assets

Shows how efficient Shriram Pistons & Rings Limited is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Shriram Pistons & Rings Limited to the Auto Parts industry mean.
  • 12.4% Return on Assets means that Shriram Pistons & Rings Limited generated ₹0.12 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Shriram Pistons & Rings Limited:

  • The MRQ is 12.4%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 12.4%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ12.4%TTM12.4%0.0%
TTM12.4%YOY8.8%+3.5%
TTM12.4%5Y8.0%+4.4%
5Y8.0%10Y7.6%+0.4%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ12.4%1.2%+11.2%
TTM12.4%1.0%+11.4%
YOY8.8%1.0%+7.8%
5Y8.0%1.0%+7.0%
10Y7.6%1.2%+6.4%
1.1.3. Return on Equity

Shows how efficient Shriram Pistons & Rings Limited is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Shriram Pistons & Rings Limited to the Auto Parts industry mean.
  • 19.2% Return on Equity means Shriram Pistons & Rings Limited generated ₹0.19 for each ₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Shriram Pistons & Rings Limited:

  • The MRQ is 19.2%. Using its investors money, the company is efficient in making profit. +1
  • The TTM is 19.2%. Using its investors money, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ19.2%TTM19.2%0.0%
TTM19.2%YOY13.0%+6.2%
TTM19.2%5Y12.0%+7.2%
5Y12.0%10Y12.5%-0.5%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ19.2%2.4%+16.8%
TTM19.2%2.2%+17.0%
YOY13.0%2.1%+10.9%
5Y12.0%1.8%+10.2%
10Y12.5%2.3%+10.2%

1.2. Operating Efficiency of Shriram Pistons & Rings Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Shriram Pistons & Rings Limited is operating .

  • Measures how much profit Shriram Pistons & Rings 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 Shriram Pistons & Rings Limited to the Auto Parts industry mean.
  • An Operating Margin of 15.8% means the company generated ₹0.16  for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Shriram Pistons & Rings Limited:

  • The MRQ is 15.8%. The company is operating efficient. +1
  • The TTM is 15.8%. The company is operating efficient. +1
Trends
Current periodCompared to+/- 
MRQ15.8%TTM15.8%0.0%
TTM15.8%YOY11.4%+4.4%
TTM15.8%5Y10.7%+5.1%
5Y10.7%10Y11.1%-0.5%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ15.8%6.0%+9.8%
TTM15.8%3.6%+12.2%
YOY11.4%4.6%+6.8%
5Y10.7%4.9%+5.8%
10Y11.1%4.8%+6.3%
1.2.2. Operating Ratio

Measures how efficient Shriram Pistons & Rings Limited is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Auto Parts industry mean).
  • An Operation Ratio of 0.86 means that the operating costs are ₹0.86 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of Shriram Pistons & Rings Limited:

  • The MRQ is 0.860. The company is less efficient in keeping operating costs low.
  • The TTM is 0.860. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.860TTM0.8600.000
TTM0.860YOY0.899-0.039
TTM0.8605Y0.906-0.046
5Y0.90610Y0.932-0.026
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8601.618-0.758
TTM0.8601.616-0.756
YOY0.8991.621-0.722
5Y0.9061.568-0.662
10Y0.9321.278-0.346

1.3. Liquidity of Shriram Pistons & Rings Limited.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Shriram Pistons & Rings Limited is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Auto Parts industry mean).
  • A Current Ratio of 2.47 means the company has ₹2.47 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of Shriram Pistons & Rings Limited:

  • The MRQ is 2.472. The company is able to pay all its short-term debts. +1
  • The TTM is 2.472. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ2.472TTM2.4720.000
TTM2.472YOY2.308+0.163
TTM2.4725Y2.179+0.292
5Y2.17910Y1.952+0.228
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ2.4721.649+0.823
TTM2.4721.646+0.826
YOY2.3081.604+0.704
5Y2.1791.579+0.600
10Y1.9521.351+0.601
1.3.2. Quick Ratio

Measures if Shriram Pistons & Rings Limited is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Shriram Pistons & Rings Limited to the Auto Parts industry mean.
  • A Quick Ratio of 3.02 means the company can pay off ₹3.02 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Shriram Pistons & Rings Limited:

  • The MRQ is 3.016. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 3.016. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ3.016TTM3.0160.000
TTM3.016YOY2.330+0.686
TTM3.0165Y2.048+0.968
5Y2.04810Y1.600+0.447
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ3.0160.698+2.318
TTM3.0160.714+2.302
YOY2.3300.742+1.588
5Y2.0480.752+1.296
10Y1.6000.782+0.818

1.4. Solvency of Shriram Pistons & Rings Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Shriram Pistons & Rings Limited assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Shriram Pistons & Rings Limited to Auto Parts industry mean.
  • A Debt to Asset Ratio of 0.35 means that Shriram Pistons & Rings Limited assets are financed with 35.1% credit (debt) and the remaining percentage (100% - 35.1%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Shriram Pistons & Rings Limited:

  • The MRQ is 0.351. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.351. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.351TTM0.3510.000
TTM0.351YOY0.322+0.029
TTM0.3515Y0.328+0.023
5Y0.32810Y0.391-0.063
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3510.497-0.146
TTM0.3510.497-0.146
YOY0.3220.497-0.175
5Y0.3280.497-0.169
10Y0.3910.487-0.096
1.4.2. Debt to Equity Ratio

Measures if Shriram Pistons & Rings Limited is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Shriram Pistons & Rings Limited to the Auto Parts industry mean.
  • A Debt to Equity ratio of 54.6% means that company has ₹0.55 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Shriram Pistons & Rings Limited:

  • The MRQ is 0.546. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.546. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.546TTM0.5460.000
TTM0.546YOY0.474+0.072
TTM0.5465Y0.489+0.057
5Y0.48910Y0.668-0.179
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5461.014-0.468
TTM0.5461.017-0.471
YOY0.4741.031-0.557
5Y0.4891.040-0.551
10Y0.6681.047-0.379

2. Market Valuation of Shriram Pistons & Rings 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 Shriram Pistons & Rings Limited generates.

  • Above 15 is considered overpriced but always compare Shriram Pistons & Rings Limited to the Auto Parts industry mean.
  • A PE ratio of 15.12 means the investor is paying ₹15.12 for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Shriram Pistons & Rings Limited:

  • The EOD is 29.386. Based on the earnings, the company is overpriced. -1
  • The MRQ is 15.116. Based on the earnings, the company is fair priced.
  • The TTM is 15.116. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD29.386MRQ15.116+14.270
MRQ15.116TTM15.1160.000
TTM15.116YOY18.987-3.871
TTM15.1165Y126.037-110.921
5Y126.03710Y72.353+53.684
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
EOD29.38612.519+16.867
MRQ15.11611.721+3.395
TTM15.11612.530+2.586
YOY18.98715.239+3.748
5Y126.03716.864+109.173
10Y72.35321.191+51.162
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Shriram Pistons & Rings Limited:

  • The EOD is 32.205. Based on how much money comes from the company's main activities, the company is fair priced.
  • The MRQ is 16.566. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 16.566. Based on how much money comes from the company's main activities, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD32.205MRQ16.566+15.639
MRQ16.566TTM16.5660.000
TTM16.566YOY19.916-3.350
TTM16.5665Y1,787.270-1,770.703
5Y1,787.27010Y904.815+882.455
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
EOD32.2055.310+26.895
MRQ16.5664.924+11.642
TTM16.5663.607+12.959
YOY19.9161.026+18.890
5Y1,787.2702.264+1,785.006
10Y904.8152.514+902.301
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Shriram Pistons & Rings Limited is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Auto Parts industry mean).
  • A PB ratio of 2.88 means the investor is paying ₹2.88 for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of Shriram Pistons & Rings Limited:

  • The EOD is 5.594. Based on the equity, the company is overpriced. -1
  • The MRQ is 2.878. Based on the equity, the company is underpriced. +1
  • The TTM is 2.878. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD5.594MRQ2.878+2.717
MRQ2.878TTM2.8780.000
TTM2.878YOY2.475+0.403
TTM2.8785Y15.971-13.093
5Y15.97110Y9.389+6.581
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
EOD5.5941.521+4.073
MRQ2.8781.481+1.397
TTM2.8781.516+1.362
YOY2.4751.624+0.851
5Y15.9711.700+14.271
10Y9.3892.242+7.147
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Shriram Pistons & Rings 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--65.04065.0400%28.285+130%28.525+128%34.995+86%
Book Value Per Share--349.952349.9520%284.911+23%273.328+28%217.571+61%
Current Ratio--2.4722.4720%2.308+7%2.179+13%1.952+27%
Debt To Asset Ratio--0.3510.3510%0.322+9%0.328+7%0.391-10%
Debt To Equity Ratio--0.5460.5460%0.474+15%0.489+12%0.668-18%
Dividend Per Share--6.9996.9990%3.000+133%5.285+32%4.189+67%
Eps--66.62066.6200%37.132+79%34.172+95%27.883+139%
Free Cash Flow Per Share--60.78860.7880%35.400+72%31.591+92%29.395+107%
Free Cash Flow To Equity Per Share--72.86372.8630%14.805+392%19.668+270%11.989+508%
Gross Profit Margin--0.8770.8770%0.774+13%0.743+18%0.835+5%
Intrinsic Value_10Y_max--858.447--------
Intrinsic Value_10Y_min--507.688--------
Intrinsic Value_1Y_max--52.218--------
Intrinsic Value_1Y_min--36.826--------
Intrinsic Value_3Y_max--182.656--------
Intrinsic Value_3Y_min--123.470--------
Intrinsic Value_5Y_max--344.156--------
Intrinsic Value_5Y_min--223.503--------
Market Cap86236293460.000+49%44359910592.00044359910592.0000%31056870992.000+43%172953457196.800-74%98502764496.400-55%
Net Profit Margin--0.1120.1120%0.081+39%0.074+53%0.070+60%
Operating Margin--0.1580.1580%0.114+38%0.107+48%0.111+42%
Operating Ratio--0.8600.8600%0.899-4%0.906-5%0.932-8%
Pb Ratio5.594+49%2.8782.8780%2.475+16%15.971-82%9.389-69%
Pe Ratio29.386+49%15.11615.1160%18.987-20%126.037-88%72.353-79%
Price Per Share1957.700+49%1007.0401007.0400%705.040+43%3871.028-74%2208.524-54%
Price To Free Cash Flow Ratio32.205+49%16.56616.5660%19.916-17%1787.270-99%904.815-98%
Price To Total Gains Ratio27.176+49%13.97913.9790%22.536-38%117.646-88%97.260-86%
Quick Ratio--3.0163.0160%2.330+29%2.048+47%1.600+88%
Return On Assets--0.1240.1240%0.088+40%0.080+55%0.076+62%
Return On Equity--0.1920.1920%0.130+47%0.120+60%0.125+53%
Total Gains Per Share--72.03972.0390%31.285+130%33.810+113%39.185+84%
Usd Book Value--184983600.000184983600.0000%150603480.000+23%145692744.000+27%115613760.000+60%
Usd Book Value Change Per Share--0.7800.7800%0.339+130%0.342+128%0.420+86%
Usd Book Value Per Share--4.1994.1990%3.419+23%3.280+28%2.611+61%
Usd Dividend Per Share--0.0840.0840%0.036+133%0.063+32%0.050+67%
Usd Eps--0.7990.7990%0.446+79%0.410+95%0.335+139%
Usd Free Cash Flow--32132400.00032132400.0000%18712320.000+72%16801080.000+91%15589140.000+106%
Usd Free Cash Flow Per Share--0.7290.7290%0.425+72%0.379+92%0.353+107%
Usd Free Cash Flow To Equity Per Share--0.8740.8740%0.178+392%0.236+270%0.144+508%
Usd Market Cap1034835521.520+49%532318927.104532318927.1040%372682451.904+43%2075441486.362-74%1182033173.957-55%
Usd Price Per Share23.492+49%12.08412.0840%8.460+43%46.452-74%26.502-54%
Usd Profit--35214960.00035214960.0000%19627800.000+79%18174288.000+94%14807388.000+138%
Usd Revenue--313119600.000313119600.0000%242807760.000+29%232762992.000+35%200035596.000+57%
Usd Total Gains Per Share--0.8640.8640%0.375+130%0.406+113%0.470+84%
 EOD+4 -4MRQTTM+0 -0YOY+31 -55Y+30 -610Y+32 -4

3.2. Fundamental Score

Let's check the fundamental score of Shriram Pistons & Rings Limited based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1529.386
Price to Book Ratio (EOD)Between0-15.594
Net Profit Margin (MRQ)Greater than00.112
Operating Margin (MRQ)Greater than00.158
Quick Ratio (MRQ)Greater than13.016
Current Ratio (MRQ)Greater than12.472
Debt to Asset Ratio (MRQ)Less than10.351
Debt to Equity Ratio (MRQ)Less than10.546
Return on Equity (MRQ)Greater than0.150.192
Return on Assets (MRQ)Greater than0.050.124
Total8/10 (80.0%)

3.3. Technical Score

Let's check the technical score of Shriram Pistons & Rings Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5067.614
Ma 20Greater thanMa 501,699.053
Ma 50Greater thanMa 1001,692.523
Ma 100Greater thanMa 2001,451.774
OpenGreater thanClose1,980.000
Total5/5 (100.0%)



Latest Balance Sheet

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

Summary
Total Assets23,751,100
Total Liabilities8,335,800
Total Stockholder Equity15,274,600
 As reported
Total Liabilities 8,335,800
Total Stockholder Equity+ 15,274,600
Total Assets = 23,751,100

Assets

Total Assets23,751,100
Total Current Assets15,041,500
Long-term Assets8,709,600
Total Current Assets
Cash And Cash Equivalents 305,100
Short-term Investments 7,040,200
Net Receivables 3,966,800
Inventory 3,388,800
Other Current Assets 340,600
Total Current Assets  (as reported)15,041,500
Total Current Assets  (calculated)15,041,500
+/-0
Long-term Assets
Property Plant Equipment 6,451,000
Goodwill 330,800
Intangible Assets 596,900
Long-term Assets Other 539,080
Long-term Assets  (as reported)8,709,600
Long-term Assets  (calculated)7,917,780
+/- 791,820

Liabilities & Shareholders' Equity

Total Current Liabilities6,085,900
Long-term Liabilities2,249,900
Total Stockholder Equity15,274,600
Total Current Liabilities
Short-term Debt 1,594,900
Short Long Term Debt 1,528,500
Accounts payable 3,455,600
Other Current Liabilities 582,000
Total Current Liabilities  (as reported)6,085,900
Total Current Liabilities  (calculated)7,161,000
+/- 1,075,100
Long-term Liabilities
Long term Debt Total 1,736,620
Other Liabilities 607,100
Long-term Liabilities  (as reported)2,249,900
Long-term Liabilities  (calculated)2,343,720
+/- 93,820
Total Stockholder Equity
Common Stock220,200
Retained Earnings 1,300,000
Accumulated Other Comprehensive Income 13,754,310
Other Stockholders Equity 90
Total Stockholder Equity (as reported)15,274,600
Total Stockholder Equity (calculated)15,274,600
+/-0
Other
Capital Stock220,200
Cash and Short Term Investments 7,345,300
Common Stock Shares Outstanding 44,040
Current Deferred Revenue453,400
Liabilities and Stockholders Equity 23,751,100
Net Debt 3,026,400
Net Invested Capital 18,263,300
Net Tangible Assets 14,346,900
Net Working Capital 8,955,600
Property Plant and Equipment Gross 6,451,000
Short Long Term Debt Total 3,331,500



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-312015-03-312014-03-31
> Total Assets 
11,935,910
11,891,340
12,439,600
13,544,480
14,909,410
15,684,130
15,582,620
17,039,770
18,501,240
23,751,100
23,751,10018,501,24017,039,77015,582,62015,684,13014,909,41013,544,48012,439,60011,891,34011,935,910
   > Total Current Assets 
4,454,600
4,914,560
5,842,700
6,902,870
8,424,150
8,305,550
7,211,440
9,226,150
10,999,960
15,041,500
15,041,50010,999,9609,226,1507,211,4408,305,5508,424,1506,902,8705,842,7004,914,5604,454,600
       Cash And Cash Equivalents 
519,400
290,710
1,004,370
20,640
23,210
22,280
246,760
301,900
195,220
305,100
305,100195,220301,900246,76022,28023,21020,6401,004,370290,710519,400
       Short-term Investments 
0
0
175,000
1,774,150
1,899,500
755,720
1,202,310
2,464,870
3,460,720
7,040,200
7,040,2003,460,7202,464,8701,202,310755,7201,899,5001,774,150175,00000
       Net Receivables 
1,927,430
2,163,990
2,225,220
2,524,990
3,295,390
4,019,400
2,841,550
3,673,180
3,987,300
3,966,800
3,966,8003,987,3003,673,1802,841,5504,019,4003,295,3902,524,9902,225,2202,163,9901,927,430
       Inventory 
1,777,030
2,156,070
2,083,470
2,403,820
2,810,370
3,471,370
2,907,810
2,742,160
3,334,790
3,388,800
3,388,8003,334,7902,742,1602,907,8103,471,3702,810,3702,403,8202,083,4702,156,0701,777,030
       Other Current Assets 
220,720
2,467,780
2,579,860
2,704,260
3,691,070
36,780
13,010
44,040
21,930
340,600
340,60021,93044,04013,01036,7803,691,0702,704,2602,579,8602,467,780220,720
   > Long-term Assets 
0
6,976,780
6,596,900
6,641,610
6,485,260
7,378,580
8,371,140
7,813,620
7,501,780
8,709,600
8,709,6007,501,7807,813,6208,371,1407,378,5806,485,2606,641,6106,596,9006,976,7800
       Property Plant Equipment 
7,202,810
6,698,680
6,302,320
5,828,500
5,624,220
6,240,720
6,976,420
6,466,290
6,730,960
6,451,000
6,451,0006,730,9606,466,2906,976,4206,240,7205,624,2205,828,5006,302,3206,698,6807,202,810
       Goodwill 
0
0
0
0
0
14,850
14,850
14,850
14,850
330,800
330,80014,85014,85014,85014,85000000
       Long Term Investments 
0
0
0
138,190
94,280
39,300
0
0
0
0
000039,30094,280138,190000
       Intangible Assets 
15,250
8,840
21,470
32,440
41,960
270,600
958,820
894,380
231,900
596,900
596,900231,900894,380958,820270,60041,96032,44021,4708,84015,250
       Long-term Assets Other 
0
278,100
294,580
2,442,530
2,678,980
852,410
177,880
177,920
184,140
539,080
539,080184,140177,920177,880852,4102,678,9802,442,530294,580278,1000
> Total Liabilities 
6,336,610
5,819,290
5,547,960
5,600,660
5,776,730
5,130,950
4,877,550
5,558,300
5,950,950
8,335,800
8,335,8005,950,9505,558,3004,877,5505,130,9505,776,7305,600,6605,547,9605,819,2906,336,610
   > Total Current Liabilities 
2,865,920
3,139,800
3,334,360
3,697,920
4,477,520
4,012,040
3,699,270
4,401,430
4,765,840
6,085,900
6,085,9004,765,8404,401,4303,699,2704,012,0404,477,5203,697,9203,334,3603,139,8002,865,920
       Short-term Debt 
3,806,200
217,620
185,210
1,126,290
1,219,400
541,210
694,670
778,910
971,120
1,594,900
1,594,900971,120778,910694,670541,2101,219,4001,126,290185,210217,6203,806,200
       Short Long Term Debt 
3,806,200
917,940
934,060
1,126,290
1,219,400
612,010
730,830
508,400
914,700
1,528,500
1,528,500914,700508,400730,830612,0101,219,4001,126,290934,060917,9403,806,200
       Accounts payable 
1,343,800
1,420,240
1,882,270
2,093,200
2,629,570
2,711,340
2,309,160
2,884,310
3,059,030
3,455,600
3,455,6003,059,0302,884,3102,309,1602,711,3402,629,5702,093,2001,882,2701,420,2401,343,800
       Other Current Liabilities 
222,810
1,501,940
1,266,880
478,430
606,220
711,920
151,690
160,950
182,880
582,000
582,000182,880160,950151,690711,920606,220478,4301,266,8801,501,940222,810
   > Long-term Liabilities 
0
2,679,490
2,213,600
1,902,740
1,299,210
1,118,910
1,178,280
1,156,870
1,185,110
2,249,900
2,249,9001,185,1101,156,8701,178,2801,118,9101,299,2101,902,7402,213,6002,679,4900
       Long term Debt Total 
0
2,317,670
1,766,020
1,205,380
657,950
713,000
659,230
686,070
596,800
1,736,620
1,736,620596,800686,070659,230713,000657,9501,205,3801,766,0202,317,6700
       Capital Lease Obligations 
0
0
0
0
0
0
281,150
249,100
249,800
342,800
342,800249,800249,100281,150000000
       Long-term Liabilities Other 
0
0
0
1,890
2,330
28,260
680
1,900
4,000
5,200
5,2004,0001,90068028,2602,3301,890000
> Total Stockholder Equity
5,599,300
6,072,050
6,891,640
7,943,820
9,132,680
10,553,180
10,705,070
11,481,470
12,550,290
15,274,600
15,274,60012,550,29011,481,47010,705,07010,553,1809,132,6807,943,8206,891,6406,072,0505,599,300
   Common Stock
223,750
223,750
223,750
223,750
223,750
223,750
223,750
223,750
220,250
220,200
220,200220,250223,750223,750223,750223,750223,750223,750223,750223,750
   Retained Earnings 
5,176,560
300,040
300,060
353,860
8,719,140
1,300,000
1,300,000
1,300,000
1,300,000
1,300,000
1,300,0001,300,0001,300,0001,300,0001,300,0008,719,140353,860300,060300,0405,176,560
   Capital Surplus 0000000000
   Treasury Stock0000000000
   Other Stockholders Equity 
198,990
12,457,230
14,105,430
8,975,230
11,358,330
12,029,450
-10,218,320
-20
11,030,040
90
9011,030,040-20-10,218,32012,029,45011,358,3308,975,23014,105,43012,457,230198,990



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 (+$)
totalRevenue26,093,300
Cost of Revenue-10,982,200
Gross Profit15,111,10015,111,100
 
Operating Income (+$)
Gross Profit15,111,100
Operating Expense-11,454,600
Operating Income3,656,4503,656,500
 
Operating Expense (+$)
Research Development217,360
Selling General Administrative116,620
Selling And Marketing Expenses362,290
Operating Expense11,454,600696,270
 
Net Interest Income (+$)
Interest Income192,900
Interest Expense-192,900
Other Finance Cost-192,900
Net Interest Income-192,900
 
Pretax Income (+$)
Operating Income3,656,450
Net Interest Income-192,900
Other Non-Operating Income Expenses0
Income Before Tax (EBT)3,930,2003,382,720
EBIT - interestExpense = 3,930,200
3,925,980
3,127,480
Interest Expense192,900
Earnings Before Interest and Taxes (EBIT)4,123,1004,123,100
Earnings Before Interest and Taxes (EBITDA)5,070,200
 
After tax Income (+$)
Income Before Tax3,930,200
Tax Provision-991,400
Net Income From Continuing Ops2,938,8002,938,800
Net Income2,934,580
Net Income Applicable To Common Shares2,934,600
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses22,436,800
Total Other Income/Expenses Net273,730192,900
 

Technical Analysis of Shriram Pistons & Rings 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 Shriram Pistons & Rings Limited. The general trend of Shriram Pistons & Rings Limited is BULLISH with 100.0% 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 Shriram Pistons & Rings 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 (100.0%) Bearish trend (-100.0%)
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 Shriram Pistons & Rings 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: .

The bearish price targets are: 1,799 > 1,724 > 1,410.

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Shriram Pistons & Rings 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 Shriram Pistons & Rings Limited. The current mas is .

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

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

Directionalities and relatives.

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

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

Shriram Pistons & Rings 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 Shriram Pistons & Rings Limited. The current macd is 60.98.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-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 Shriram Pistons & Rings Limited price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Shriram Pistons & Rings Limited. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Shriram Pistons & Rings Limited price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Shriram Pistons & Rings Limited Daily Moving Average Convergence/Divergence (MACD) ChartShriram Pistons & Rings 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 Shriram Pistons & Rings Limited. The current adx is 21.45.

The long score for the Directional Movement Index (DMI) is 2/7.
The longshort score for the Directional Movement Index (DMI) is 2/(-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 Shriram Pistons & Rings Limited shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bullish trend could be forming. +1
Shriram Pistons & Rings 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 Shriram Pistons & Rings Limited. The current sar is 1,540.

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
Shriram Pistons & Rings 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 Shriram Pistons & Rings Limited. The current rsi is 67.61. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 2/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending down: The RSI is trending down. -1
Shriram Pistons & Rings Limited Daily Relative Strength Index (RSI) ChartShriram Pistons & Rings 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 Shriram Pistons & Rings Limited. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Shriram Pistons & Rings Limited price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Shriram Pistons & Rings Limited Daily Stochastic Oscillator ChartShriram Pistons & Rings 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 Shriram Pistons & Rings Limited. The current cci is 209.72.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
Shriram Pistons & Rings Limited Daily Commodity Channel Index (CCI) ChartShriram Pistons & Rings 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 Shriram Pistons & Rings Limited. The current cmo is 45.89.

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
Shriram Pistons & Rings Limited Daily Chande Momentum Oscillator (CMO) ChartShriram Pistons & Rings 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 Shriram Pistons & Rings Limited. The current willr is -10.21478931.

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

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Shriram Pistons & Rings Limited Daily Williams %R ChartShriram Pistons & Rings 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 Shriram Pistons & Rings Limited.

Shriram Pistons & Rings 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 Shriram Pistons & Rings Limited. The current atr is 92.82.

Shriram Pistons & Rings Limited Daily Average True Range (ATR) ChartShriram Pistons & Rings 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 Shriram Pistons & Rings Limited. The current obv is 2,241,265.

Shriram Pistons & Rings Limited Daily On-Balance Volume (OBV) ChartShriram Pistons & Rings 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 Shriram Pistons & Rings Limited. The current mfi is 73.03.

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
Shriram Pistons & Rings Limited Daily Money Flow Index (MFI) ChartShriram Pistons & Rings Limited Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

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

6.3. Candlestick Patterns

Shriram Pistons & Rings Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Shriram Pistons & Rings Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5067.614
Ma 20Greater thanMa 501,699.053
Ma 50Greater thanMa 1001,692.523
Ma 100Greater thanMa 2001,451.774
OpenGreater thanClose1,980.000
Total5/5 (100.0%)
Penke

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