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Steel Strips Wheels Limited
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Let's analyse Steel Strips Wheels Limited together

PenkeI guess you are interested in Steel Strips Wheels 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 Steel Strips Wheels 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 Steel Strips Wheels Limited (30 sec.)










What can you expect buying and holding a share of Steel Strips Wheels Limited? (30 sec.)

How much money do you get?

How much money do you get?
INR0.04
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
INR72.31
Expected worth in 1 year
INR118.92
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
INR49.61
Return On Investment
22.5%

For what price can you sell your share?

Current Price per Share
INR220.90
Expected price per share
INR191.99 - INR245.00
How sure are you?
50%

1. Valuation of Steel Strips Wheels Limited (5 min.)




Live pricePrice per Share (EOD)

INR220.90

Intrinsic Value Per Share

INR78.84 - INR281.01

Total Value Per Share

INR151.15 - INR353.32

2. Growth of Steel Strips Wheels Limited (5 min.)




Is Steel Strips Wheels Limited growing?

Current yearPrevious yearGrowGrow %
How rich?$136.1m$114.2m$21.9m16.1%

How much money is Steel Strips Wheels Limited making?

Current yearPrevious yearGrowGrow %
Making money$23.2m$24.6m-$1.4m-6.0%
Net Profit Margin4.8%5.8%--

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

3. Financial Health of Steel Strips Wheels Limited (5 min.)




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




  Industry Rankings (Auto Parts)  


Richest
#342 / 564

Most Revenue
#115 / 564

Most Profit
#109 / 564

Most Efficient
#231 / 564

What can you expect buying and holding a share of Steel Strips Wheels Limited? (5 min.)

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

What can you expect buying and holding a share of Steel Strips Wheels Limited?

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

Speculation

The Price per Share of Steel Strips Wheels Limited is INR220.90. 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 Steel Strips Wheels 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 Steel Strips Wheels 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 INR72.31. Based on the TTM, the Book Value Change Per Share is INR11.65 per quarter. Based on the YOY, the Book Value Change Per Share is INR12.91 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 INR0.75 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Steel Strips Wheels 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 Eps0.150.1%0.150.1%0.160.1%0.080.0%0.060.0%
Usd Book Value Change Per Share0.140.1%0.140.1%0.150.1%0.080.0%0.060.0%
Usd Dividend Per Share0.010.0%0.010.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.150.1%0.150.1%0.160.1%0.090.0%0.060.0%
Usd Price Per Share1.78-1.78-9.72-25.40-15.89-
Price to Earnings Ratio11.98-11.98-61.89-443.23-296.32-
Price-to-Total Gains Ratio11.93-11.93-61.83-400.74-279.28-
Price to Book Ratio2.05-2.05-13.36-48.15-32.21-
Price-to-Total Gains Ratio11.93-11.93-61.83-400.74-279.28-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share2.6508
Number of shares377
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.010.00
Usd Book Value Change Per Share0.140.08
Usd Total Gains Per Share0.150.09
Gains per Quarter (377 shares)56.1033.62
Gains per Year (377 shares)224.42134.47
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1142112148127124
22742243815254258
34163366223381392
45484488630508526
5681054111038635660
6811265133445762794
7951476155853889928
8108168717826010161062
9122189820066811431196
10135210922307512691330

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%17.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%17.00.00.0100.0%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%14.00.03.082.4%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%17.00.00.0100.0%

Fundamentals of Steel Strips Wheels Limited

About Steel Strips Wheels Limited

Steel Strips Wheels Limited engages in the design, manufacturing, and sale of automotive wheels in India and internationally. The company provides steel wheel rims, alloy wheel rims, and hot rolling mills for two and three wheelers, passenger cars, multi utility vehicles, tractors, commercial vehicles, and OTR vehicles. Steel Strips Wheels Limited was incorporated in 1985 and is headquartered in Chandigarh, India.

Fundamental data was last updated by Penke on 2024-03-12 21:30:05.

Financial Health

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

Valuation

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

1.1. Profitability of Steel Strips Wheels Limited.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Steel Strips Wheels Limited earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare Steel Strips Wheels Limited to the Auto Parts industry mean.
  • A Net Profit Margin of 4.8% means that ₹0.05 for each ₹1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Steel Strips Wheels Limited:

  • The MRQ is 4.8%. The company is making a profit. +1
  • The TTM is 4.8%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ4.8%TTM4.8%0.0%
TTM4.8%YOY5.8%-1.0%
TTM4.8%5Y3.8%+1.0%
5Y3.8%10Y4.0%-0.2%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ4.8%3.9%+0.9%
TTM4.8%3.6%+1.2%
YOY5.8%3.5%+2.3%
5Y3.8%2.9%+0.9%
10Y4.0%4.0%+0.0%
1.1.2. Return on Assets

Shows how efficient Steel Strips Wheels Limited is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Steel Strips Wheels Limited to the Auto Parts industry mean.
  • 7.0% Return on Assets means that Steel Strips Wheels Limited generated ₹0.07 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Steel Strips Wheels Limited:

  • The MRQ is 7.0%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 7.0%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ7.0%TTM7.0%0.0%
TTM7.0%YOY7.6%-0.6%
TTM7.0%5Y4.3%+2.7%
5Y4.3%10Y3.9%+0.4%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ7.0%1.2%+5.8%
TTM7.0%1.0%+6.0%
YOY7.6%1.0%+6.6%
5Y4.3%0.9%+3.4%
10Y3.9%1.2%+2.7%
1.1.3. Return on Equity

Shows how efficient Steel Strips Wheels Limited is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Steel Strips Wheels Limited to the Auto Parts industry mean.
  • 17.1% Return on Equity means Steel Strips Wheels Limited generated ₹0.17 for each ₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Steel Strips Wheels Limited:

  • The MRQ is 17.1%. Using its investors money, the company is efficient in making profit. +1
  • The TTM is 17.1%. Using its investors money, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ17.1%TTM17.1%0.0%
TTM17.1%YOY21.6%-4.5%
TTM17.1%5Y12.1%+4.9%
5Y12.1%10Y11.7%+0.5%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ17.1%2.4%+14.7%
TTM17.1%2.2%+14.9%
YOY21.6%2.1%+19.5%
5Y12.1%1.8%+10.3%
10Y11.7%2.3%+9.4%

1.2. Operating Efficiency of Steel Strips Wheels Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Steel Strips Wheels Limited is operating .

  • Measures how much profit Steel Strips Wheels 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 Steel Strips Wheels Limited to the Auto Parts industry mean.
  • An Operating Margin of 9.3% means the company generated ₹0.09  for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Steel Strips Wheels Limited:

  • The MRQ is 9.3%. The company is operating less efficient.
  • The TTM is 9.3%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ9.3%TTM9.3%0.0%
TTM9.3%YOY10.8%-1.5%
TTM9.3%5Y9.1%+0.2%
5Y9.1%10Y8.5%+0.6%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ9.3%6.0%+3.3%
TTM9.3%3.5%+5.8%
YOY10.8%4.5%+6.3%
5Y9.1%4.9%+4.2%
10Y8.5%4.8%+3.7%
1.2.2. Operating Ratio

Measures how efficient Steel Strips Wheels Limited is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Auto Parts industry mean).
  • An Operation Ratio of 0.91 means that the operating costs are ₹0.91 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of Steel Strips Wheels Limited:

  • The MRQ is 0.910. The company is less efficient in keeping operating costs low.
  • The TTM is 0.910. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.910TTM0.9100.000
TTM0.910YOY0.894+0.017
TTM0.9105Y0.914-0.004
5Y0.91410Y0.917-0.003
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9101.618-0.708
TTM0.9101.616-0.706
YOY0.8941.623-0.729
5Y0.9141.568-0.654
10Y0.9171.278-0.361

1.3. Liquidity of Steel Strips Wheels Limited.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Steel Strips Wheels 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 0.97 means the company has ₹0.97 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of Steel Strips Wheels Limited:

  • The MRQ is 0.970. The company is just not able to pay all its short-term debts. -1
  • The TTM is 0.970. The company is just not able to pay all its short-term debts. -1
Trends
Current periodCompared to+/- 
MRQ0.970TTM0.9700.000
TTM0.970YOY1.003-0.033
TTM0.9705Y0.965+0.004
5Y0.96510Y0.9650.000
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9701.650-0.680
TTM0.9701.648-0.678
YOY1.0031.604-0.601
5Y0.9651.579-0.614
10Y0.9651.351-0.386
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Steel Strips Wheels Limited to the Auto Parts industry mean.
  • A Quick Ratio of 0.35 means the company can pay off ₹0.35 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Steel Strips Wheels Limited:

  • The MRQ is 0.351. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.351. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.351TTM0.3510.000
TTM0.351YOY0.464-0.113
TTM0.3515Y0.454-0.103
5Y0.45410Y0.506-0.052
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3510.695-0.344
TTM0.3510.713-0.362
YOY0.4640.742-0.278
5Y0.4540.752-0.298
10Y0.5060.782-0.276

1.4. Solvency of Steel Strips Wheels Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Steel Strips Wheels Limited assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Steel Strips Wheels Limited to Auto Parts industry mean.
  • A Debt to Asset Ratio of 0.59 means that Steel Strips Wheels Limited assets are financed with 59.2% credit (debt) and the remaining percentage (100% - 59.2%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Steel Strips Wheels Limited:

  • The MRQ is 0.592. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.592. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.592TTM0.5920.000
TTM0.592YOY0.648-0.056
TTM0.5925Y0.658-0.065
5Y0.65810Y0.672-0.015
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5920.497+0.095
TTM0.5920.497+0.095
YOY0.6480.497+0.151
5Y0.6580.495+0.163
10Y0.6720.487+0.185
1.4.2. Debt to Equity Ratio

Measures if Steel Strips Wheels Limited is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Steel Strips Wheels Limited to the Auto Parts industry mean.
  • A Debt to Equity ratio of 145.1% means that company has ₹1.45 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Steel Strips Wheels Limited:

  • The MRQ is 1.451. The company is able to pay all its debts with equity. +1
  • The TTM is 1.451. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.451TTM1.4510.000
TTM1.451YOY1.838-0.387
TTM1.4515Y1.948-0.497
5Y1.94810Y2.082-0.134
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ1.4511.014+0.437
TTM1.4511.021+0.430
YOY1.8381.031+0.807
5Y1.9481.045+0.903
10Y2.0821.047+1.035

2. Market Valuation of Steel Strips Wheels 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 Steel Strips Wheels Limited generates.

  • Above 15 is considered overpriced but always compare Steel Strips Wheels Limited to the Auto Parts industry mean.
  • A PE ratio of 11.98 means the investor is paying ₹11.98 for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Steel Strips Wheels Limited:

  • The EOD is 17.887. Based on the earnings, the company is fair priced.
  • The MRQ is 11.980. Based on the earnings, the company is underpriced. +1
  • The TTM is 11.980. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD17.887MRQ11.980+5.907
MRQ11.980TTM11.9800.000
TTM11.980YOY61.885-49.905
TTM11.9805Y443.226-431.246
5Y443.22610Y296.320+146.907
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
EOD17.88712.654+5.233
MRQ11.98011.732+0.248
TTM11.98012.570-0.590
YOY61.88515.239+46.646
5Y443.22616.913+426.313
10Y296.32021.344+274.976
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Steel Strips Wheels Limited:

  • The EOD is 16.397. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 10.982. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 10.982. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD16.397MRQ10.982+5.415
MRQ10.982TTM10.9820.000
TTM10.982YOY53.654-42.672
TTM10.9825Y356.595-345.613
5Y356.59510Y135.936+220.658
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
EOD16.3975.527+10.870
MRQ10.9825.007+5.975
TTM10.9823.626+7.356
YOY53.6541.231+52.423
5Y356.5952.384+354.211
10Y135.9362.661+133.275
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Steel Strips Wheels 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 2.05 means the investor is paying ₹2.05 for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of Steel Strips Wheels Limited:

  • The EOD is 3.055. Based on the equity, the company is fair priced.
  • The MRQ is 2.046. Based on the equity, the company is underpriced. +1
  • The TTM is 2.046. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD3.055MRQ2.046+1.009
MRQ2.046TTM2.0460.000
TTM2.046YOY13.359-11.312
TTM2.0465Y48.146-46.100
5Y48.14610Y32.213+15.933
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
EOD3.0551.518+1.537
MRQ2.0461.481+0.565
TTM2.0461.516+0.530
YOY13.3591.620+11.739
5Y48.1461.700+46.446
10Y32.2132.210+30.003
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Steel Strips Wheels 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--11.65311.6530%12.906-10%7.015+66%5.049+131%
Book Value Per Share--72.30772.3070%60.654+19%53.280+36%41.600+74%
Current Ratio--0.9700.9700%1.003-3%0.965+0%0.965+0%
Debt To Asset Ratio--0.5920.5920%0.648-9%0.658-10%0.672-12%
Debt To Equity Ratio--1.4511.4510%1.838-21%1.948-26%2.082-30%
Dividend Per Share--0.7480.7480%0.199+276%0.416+80%0.319+134%
Eps--12.35012.3500%13.093-6%7.030+76%5.145+140%
Free Cash Flow Per Share--13.47213.4720%15.101-11%8.690+55%2.889+366%
Free Cash Flow To Equity Per Share---1.445-1.4450%-0.695-52%-1.823+26%-1.072-26%
Gross Profit Margin--0.9960.9960%-0.194+119%0.304+228%0.045+2105%
Intrinsic Value_10Y_max--281.011--------
Intrinsic Value_10Y_min--78.842--------
Intrinsic Value_1Y_max--15.457--------
Intrinsic Value_1Y_min--4.195--------
Intrinsic Value_3Y_max--56.123--------
Intrinsic Value_3Y_min--15.889--------
Intrinsic Value_5Y_max--108.460--------
Intrinsic Value_5Y_min--31.092--------
Market Cap34665614332.800+33%23217644366.40023217644366.4000%127151715768.000-82%339520324516.160-93%211421671054.240-89%
Net Profit Margin--0.0480.0480%0.058-17%0.038+26%0.040+19%
Operating Margin--0.0930.0930%0.108-14%0.091+2%0.085+9%
Operating Ratio--0.9100.9100%0.894+2%0.9140%0.917-1%
Pb Ratio3.055+33%2.0462.0460%13.359-85%48.146-96%32.213-94%
Pe Ratio17.887+33%11.98011.9800%61.885-81%443.226-97%296.320-96%
Price Per Share220.900+33%147.950147.9500%810.250-82%2116.900-93%1323.930-89%
Price To Free Cash Flow Ratio16.397+33%10.98210.9820%53.654-80%356.595-97%135.936-92%
Price To Total Gains Ratio17.812+33%11.93011.9300%61.826-81%400.743-97%279.285-96%
Quick Ratio--0.3510.3510%0.464-24%0.454-23%0.506-31%
Return On Assets--0.0700.0700%0.076-8%0.043+62%0.039+78%
Return On Equity--0.1710.1710%0.216-21%0.121+41%0.117+47%
Total Gains Per Share--12.40112.4010%13.105-5%7.431+67%5.368+131%
Usd Book Value--136165548.000136165548.0000%114220452.000+19%101171551.200+35%78757362.000+73%
Usd Book Value Change Per Share--0.1400.1400%0.155-10%0.084+66%0.061+131%
Usd Book Value Per Share--0.8680.8680%0.728+19%0.639+36%0.499+74%
Usd Dividend Per Share--0.0090.0090%0.002+276%0.005+80%0.004+134%
Usd Eps--0.1480.1480%0.157-6%0.084+76%0.062+140%
Usd Free Cash Flow--25369752.00025369752.0000%28437924.000-11%16439868.000+54%5478445.200+363%
Usd Free Cash Flow Per Share--0.1620.1620%0.181-11%0.104+55%0.035+366%
Usd Free Cash Flow To Equity Per Share---0.017-0.0170%-0.008-52%-0.022+26%-0.013-26%
Usd Market Cap415987371.994+33%278611732.397278611732.3970%1525820589.216-82%4074243894.194-93%2537060052.651-89%
Usd Price Per Share2.651+33%1.7751.7750%9.723-82%25.403-93%15.887-89%
Usd Profit--23255280.00023255280.0000%24655692.000-6%13303526.400+75%9904302.000+135%
Usd Revenue--484865388.000484865388.0000%424924416.000+14%309988401.600+56%229951068.000+111%
Usd Total Gains Per Share--0.1490.1490%0.157-5%0.089+67%0.064+131%
 EOD+4 -4MRQTTM+0 -0YOY+13 -235Y+31 -510Y+29 -7

3.2. Fundamental Score

Let's check the fundamental score of Steel Strips Wheels Limited based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1517.887
Price to Book Ratio (EOD)Between0-13.055
Net Profit Margin (MRQ)Greater than00.048
Operating Margin (MRQ)Greater than00.093
Quick Ratio (MRQ)Greater than10.351
Current Ratio (MRQ)Greater than10.970
Debt to Asset Ratio (MRQ)Less than10.592
Debt to Equity Ratio (MRQ)Less than11.451
Return on Equity (MRQ)Greater than0.150.171
Return on Assets (MRQ)Greater than0.050.070
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of Steel Strips Wheels Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5027.966
Ma 20Greater thanMa 50240.805
Ma 50Greater thanMa 100255.942
Ma 100Greater thanMa 200264.461
OpenGreater thanClose224.150
Total2/5 (40.0%)



Latest Balance Sheet

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

Summary
Total Assets27,813,593
Total Liabilities16,466,464
Total Stockholder Equity11,347,129
 As reported
Total Liabilities 16,466,464
Total Stockholder Equity+ 11,347,129
Total Assets = 27,813,593

Assets

Total Assets27,813,593
Total Current Assets11,782,524
Long-term Assets16,031,069
Total Current Assets
Cash And Cash Equivalents 183,305
Short-term Investments 256,660
Net Receivables 3,574,124
Inventory 7,339,473
Other Current Assets 428,962
Total Current Assets  (as reported)11,782,524
Total Current Assets  (calculated)11,782,524
+/-0
Long-term Assets
Property Plant Equipment 15,106,128
Intangible Assets 13,213
Other Assets 543,599
Long-term Assets  (as reported)16,031,069
Long-term Assets  (calculated)15,662,940
+/- 368,129

Liabilities & Shareholders' Equity

Total Current Liabilities12,152,007
Long-term Liabilities4,314,457
Total Stockholder Equity11,347,129
Total Current Liabilities
Short-term Debt 4,772,053
Short Long Term Debt 4,772,053
Accounts payable 6,948,281
Other Current Liabilities 380,870
Total Current Liabilities  (as reported)12,152,007
Total Current Liabilities  (calculated)16,873,257
+/- 4,721,250
Long-term Liabilities
Long term Debt Total 1,610,483
Other Liabilities 2,703,974
Long-term Liabilities  (as reported)4,314,457
Long-term Liabilities  (calculated)4,314,457
+/-0
Total Stockholder Equity
Common Stock156,513
Retained Earnings 8,995,984
Accumulated Other Comprehensive Income 7,958,344
Capital Surplus 1,391,744
Other Stockholders Equity -9,152,497
Total Stockholder Equity (as reported)11,347,129
Total Stockholder Equity (calculated)9,350,088
+/- 1,997,041
Other
Capital Stock156,513
Cash And Equivalents256,660
Cash and Short Term Investments 439,965
Common Stock Shares Outstanding 156,918
Current Deferred Revenue50,803
Liabilities and Stockholders Equity 27,813,593
Net Debt 6,199,231
Net Invested Capital 17,729,665
Net Tangible Assets 11,333,916
Net Working Capital -369,483
Property Plant and Equipment Gross 15,106,128
Short Long Term Debt Total 6,382,536



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-312015-03-312014-03-312013-03-312012-03-312011-03-312010-03-312009-03-312008-03-312007-03-31
> Total Assets 
2,443,217
4,271,041
4,785,791
6,101,229
8,343,172
9,591,055
10,855,263
11,838,978
11,998,242
13,288,140
17,325,474
21,759,410
21,533,756
21,791,052
23,767,432
27,015,904
27,813,593
27,813,59327,015,90423,767,43221,791,05221,533,75621,759,41017,325,47413,288,14011,998,24211,838,97810,855,2639,591,0558,343,1726,101,2294,785,7914,271,0412,443,217
   > Total Current Assets 
723,377
1,137,390
1,183,698
1,868,729
3,007,840
3,382,697
4,045,747
4,791,103
4,923,400
5,412,613
6,048,571
8,067,616
7,526,733
7,662,965
9,508,490
12,045,670
11,782,524
11,782,52412,045,6709,508,4907,662,9657,526,7338,067,6166,048,5715,412,6134,923,4004,791,1034,045,7473,382,6973,007,8401,868,7291,183,6981,137,390723,377
       Cash And Cash Equivalents 
58,024
76,223
69,410
248,237
268,151
227,629
636,719
454,992
1,000,906
1,218,007
1,207,294
335,703
361,698
315,472
279,183
232,042
183,305
183,305232,042279,183315,472361,698335,7031,207,2941,218,0071,000,906454,992636,719227,629268,151248,23769,41076,22358,024
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
702,796
4,372
226
597,186
47
47
256,660
256,6604747597,1862264,372702,7960000000000
       Net Receivables 
0
0
0
0
0
0
0
2,435,646
1,638,091
1,691,876
2,468,729
3,534,664
3,771,946
4,054,431
2,880,409
5,343,712
3,574,124
3,574,1245,343,7122,880,4094,054,4313,771,9463,534,6642,468,7291,691,8761,638,0912,435,6460000000
       Inventory 
332,036
404,873
527,604
771,175
1,504,783
1,349,098
1,263,410
1,363,599
1,380,399
1,482,351
1,770,357
2,658,870
3,380,936
3,293,063
4,964,789
6,469,870
7,339,473
7,339,4736,469,8704,964,7893,293,0633,380,9362,658,8701,770,3571,482,3511,380,3991,363,5991,263,4101,349,0981,504,783771,175527,604404,873332,036
       Other Current Assets 
333,318
656,293
586,683
849,318
1,234,906
1,805,970
2,145,618
2,972,512
2,542,095
2,712,255
3,070,920
5,068,671
11,927
-1
1,384,062
-1
428,962
428,962-11,384,062-111,9275,068,6713,070,9202,712,2552,542,0952,972,5122,145,6181,805,9701,234,906849,318586,683656,293333,318
   > Long-term Assets 
1,719,840
3,133,651
3,602,093
4,232,499
5,335,331
6,208,358
6,809,516
7,047,875
7,074,842
7,875,527
11,276,903
13,691,794
14,007,023
14,128,087
14,258,942
14,970,234
16,031,069
16,031,06914,970,23414,258,94214,128,08714,007,02313,691,79411,276,9037,875,5277,074,8427,047,8756,809,5166,208,3585,335,3314,232,4993,602,0933,133,6511,719,840
       Property Plant Equipment 
1,715,764
3,130,267
3,599,401
4,228,999
5,332,248
6,124,056
6,689,811
6,881,437
6,923,160
7,522,040
10,939,672
13,501,228
13,803,383
13,901,948
13,667,166
14,552,139
15,106,128
15,106,12814,552,13913,667,16613,901,94813,803,38313,501,22810,939,6727,522,0406,923,1606,881,4376,689,8116,124,0565,332,2484,228,9993,599,4013,130,2671,715,764
       Long Term Investments 
0
0
0
0
0
0
0
1,664
3,025
1,682
2,141
1,940
1,940
0
0
0
0
00001,9401,9402,1411,6823,0251,6640000000
       Intangible Assets 
0
0
0
0
0
19,872
0
37,195
35,894
39,856
32,126
24,296
16,540
18,026
18,026
13,498
13,213
13,21313,49818,02618,02616,54024,29632,12639,85635,89437,195019,87200000
       Long-term Assets Other 
4,076
3,384
2,692
3,500
3,083
64,430
119,705
166,438
151,682
353,487
337,231
168,702
187,100
-20
-20
-20
543,599
543,599-20-20-20187,100168,702337,231353,487151,682166,438119,70564,4303,0833,5002,6923,3844,076
> Total Liabilities 
1,808,905
2,748,025
3,082,091
4,210,460
5,514,031
6,500,156
7,430,965
8,196,492
8,011,351
8,697,499
11,911,941
15,916,639
14,716,878
14,811,598
16,274,451
17,497,533
16,466,464
16,466,46417,497,53316,274,45114,811,59814,716,87815,916,63911,911,9418,697,4998,011,3518,196,4927,430,9656,500,1565,514,0314,210,4603,082,0912,748,0251,808,905
   > Total Current Liabilities 
263,671
779,128
579,669
1,046,954
1,660,731
3,479,580
4,291,653
4,598,520
4,837,015
5,459,703
6,468,645
9,587,851
8,123,099
7,903,956
9,923,246
12,013,492
12,152,007
12,152,00712,013,4929,923,2467,903,9568,123,0999,587,8516,468,6455,459,7034,837,0154,598,5204,291,6533,479,5801,660,7311,046,954579,669779,128263,671
       Short-term Debt 
0
0
0
0
0
0
3,264,553
3,274,753
2,751,083
3,217,613
4,689,833
5,293,342
5,294,382
5,593,323
5,574,588
4,986,442
4,772,053
4,772,0534,986,4425,574,5885,593,3235,294,3825,293,3424,689,8333,217,6132,751,0833,274,7533,264,553000000
       Short Long Term Debt 
0
0
0
0
0
0
0
6,578,155
531,217
553,443
4,689,833
5,293,342
5,294,382
5,593,323
3,889,158
4,035,070
4,772,053
4,772,0534,035,0703,889,1585,593,3235,294,3825,293,3424,689,833553,443531,2176,578,1550000000
       Accounts payable 
0
0
0
0
0
0
908,768
1,205,663
1,213,475
1,274,386
1,593,562
3,253,892
2,573,237
2,136,317
4,122,368
6,591,249
6,948,281
6,948,2816,591,2494,122,3682,136,3172,573,2373,253,8921,593,5621,274,3861,213,4751,205,663908,768000000
       Other Current Liabilities 
263,671
779,128
579,669
1,046,954
1,660,731
3,479,580
118,332
118,104
872,457
967,704
143,679
1,023,073
241,146
7,586
-43
371,946
380,870
380,870371,946-437,586241,1461,023,073143,679967,704872,457118,104118,3323,479,5801,660,7311,046,954579,669779,128263,671
   > Long-term Liabilities 
1,545,233
1,968,897
2,502,422
3,163,506
3,853,300
3,020,576
3,139,312
3,597,972
3,174,336
3,237,796
5,443,296
6,328,788
6,593,779
6,907,642
6,351,205
5,484,041
4,314,457
4,314,4575,484,0416,351,2056,907,6426,593,7796,328,7885,443,2963,237,7963,174,3363,597,9723,139,3123,020,5763,853,3003,163,5062,502,4221,968,8971,545,233
       Long term Debt Total 
0
0
0
0
0
0
0
0
2,851,823
1,764,493
3,913,163
4,907,147
4,581,134
4,417,544
3,797,807
2,792,543
1,610,483
1,610,4832,792,5433,797,8074,417,5444,581,1344,907,1473,913,1631,764,4932,851,82300000000
       Other Liabilities 
0
0
0
0
0
0
0
294,569
322,513
483,180
1,815,412
1,421,640
2,012,645
2,490,098
2,553,398
2,691,497
2,703,974
2,703,9742,691,4972,553,3982,490,0982,012,6451,421,6401,815,412483,180322,513294,5690000000
> Total Stockholder Equity
634,312
1,523,016
1,703,700
1,890,768
2,829,141
3,090,899
3,424,298
3,642,487
3,986,891
4,590,642
5,413,532
5,842,771
6,816,878
6,979,454
7,492,981
9,518,371
11,347,129
11,347,1299,518,3717,492,9816,979,4546,816,8785,842,7715,413,5324,590,6423,986,8913,642,4873,424,2983,090,8992,829,1411,890,7681,703,7001,523,016634,312
   Common Stock
113,027
131,496
136,572
188,412
148,432
148,432
152,082
152,082
152,592
152,592
155,335
155,563
155,897
155,897
156,095
156,095
156,513
156,513156,095156,095155,897155,897155,563155,335152,592152,592152,082152,082148,432148,432188,412136,572131,496113,027
   Retained Earnings Total Equity00000000000000000
   Accumulated Other Comprehensive Income 
-616,110
-760,063
-954,096
-1,208,636
-1,552,795
-1,965,578
-2,442,207
-2,924,574
-3,286,771
-3,705,179
-4,173,669
-4,643,444
-5,235,381
-5,943,613
5,387,873
5,908,076
7,958,344
7,958,3445,908,0765,387,873-5,943,613-5,235,381-4,643,444-4,173,669-3,705,179-3,286,771-2,924,574-2,442,207-1,965,578-1,552,795-1,208,636-954,096-760,063-616,110
   Capital Surplus 
0
0
0
0
0
0
0
0
1,149,328
1,149,328
1,302,280
1,309,633
1,552,639
1,334,764
1,353,033
1,353,033
1,391,744
1,391,7441,353,0331,353,0331,334,7641,552,6391,309,6331,302,2801,149,3281,149,32800000000
   Treasury Stock00000000000000000
   Other Stockholders Equity 
1,137,395
2,151,583
2,521,224
2,910,992
4,233,504
4,908,045
5,115,024
5,849,268
6,440,322
7,273,177
8,491,314
9,539,308
11,109,823
-4,865,014
1,579,613
1,579,614
-9,152,497
-9,152,4971,579,6141,579,613-4,865,01411,109,8239,539,3088,491,3147,273,1776,440,3225,849,2685,115,0244,908,0454,233,5042,910,9922,521,2242,151,5831,137,395



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 (+$)
totalRevenue40,405,449
Cost of Revenue-26,636,396
Gross Profit13,769,05313,769,053
 
Operating Income (+$)
Gross Profit13,769,053
Operating Expense-10,145,418
Operating Income3,782,4913,623,635
 
Operating Expense (+$)
Research Development114,948
Selling General Administrative2,925,522
Selling And Marketing Expenses6,862
Operating Expense10,145,4183,047,332
 
Net Interest Income (+$)
Interest Income835,449
Interest Expense-835,449
Other Finance Cost-835,449
Net Interest Income-835,449
 
Pretax Income (+$)
Operating Income3,782,491
Net Interest Income-835,449
Other Non-Operating Income Expenses0
Income Before Tax (EBT)2,912,1484,652,834
EBIT - interestExpense = 2,912,148
2,912,148
2,773,389
Interest Expense835,449
Earnings Before Interest and Taxes (EBIT)3,747,5973,747,597
Earnings Before Interest and Taxes (EBITDA)4,552,007
 
After tax Income (+$)
Income Before Tax2,912,148
Tax Provision-974,208
Net Income From Continuing Ops1,937,9401,937,940
Net Income1,937,940
Net Income Applicable To Common Shares1,938,000
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses36,781,814
Total Other Income/Expenses Net-870,343835,449
 

Technical Analysis of Steel Strips Wheels 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 Steel Strips Wheels Limited. The general trend of Steel Strips Wheels Limited is BEARISH with 57.1% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Steel Strips Wheels 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 (-57.1%) Bearish trend (57.1%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

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

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


Score

Let's take a look at the Support & Resistance of Steel Strips Wheels 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: 243.10 < 244.15 < 245.00.

The bearish price targets are: 213.40 > 211.05 > 191.99.

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Steel Strips Wheels 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 Steel Strips Wheels Limited. The current mas is .

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

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

Directionalities and relatives.

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

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

Steel Strips Wheels 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 Steel Strips Wheels Limited. The current macd is -8.32168643.

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

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Steel Strips Wheels Limited price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Steel Strips Wheels 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 Steel Strips Wheels 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 down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Steel Strips Wheels Limited Daily Moving Average Convergence/Divergence (MACD) ChartSteel Strips Wheels 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 Steel Strips Wheels Limited. The current adx is 52.60.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -4/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Steel Strips Wheels Limited shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bearish trend. The ADX is trending up, so the bearish trend is strengthening.
Steel Strips Wheels 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 Steel Strips Wheels Limited. The current sar is 240.90.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Steel Strips Wheels 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 Steel Strips Wheels Limited. The current rsi is 27.97. The current phase is Oversold in bear market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is 0/(-13 +13).

  • Oversold in bear market: Short-term excessive selling, potential for relief rally. Be cautious, consider taking short-term long positions. +1
  • Trending down: The RSI is trending down. -1
Steel Strips Wheels Limited Daily Relative Strength Index (RSI) ChartSteel Strips Wheels 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 Steel Strips Wheels Limited. The current phase is Continuation in bear market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -4/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -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 Steel Strips Wheels Limited price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Steel Strips Wheels Limited Daily Stochastic Oscillator ChartSteel Strips Wheels 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 Steel Strips Wheels Limited. The current cci is -160.17766223.

The long score for the Commodity Channel Index (CCI) is 0/1.
The longshort score for the Commodity Channel Index (CCI) is -1/(-1 +1).

  • CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1
Steel Strips Wheels Limited Daily Commodity Channel Index (CCI) ChartSteel Strips Wheels 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 Steel Strips Wheels Limited. The current cmo is -54.59413206.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Steel Strips Wheels Limited Daily Chande Momentum Oscillator (CMO) ChartSteel Strips Wheels 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 Steel Strips Wheels Limited. The current willr is -74.64607465.

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 Steel Strips Wheels Limited is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Steel Strips Wheels Limited Daily Williams %R ChartSteel Strips Wheels 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 Steel Strips Wheels Limited.

Steel Strips Wheels 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 Steel Strips Wheels Limited. The current atr is 9.27949615.

Steel Strips Wheels Limited Daily Average True Range (ATR) ChartSteel Strips Wheels 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 Steel Strips Wheels Limited. The current obv is 27,008,867.

Steel Strips Wheels Limited Daily On-Balance Volume (OBV) ChartSteel Strips Wheels 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 Steel Strips Wheels Limited. The current mfi is 24.95.

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

  • MFI < 50: -1
Steel Strips Wheels Limited Daily Money Flow Index (MFI) ChartSteel Strips Wheels Limited Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

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

6.3. Candlestick Patterns

Steel Strips Wheels Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Steel Strips Wheels Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5027.966
Ma 20Greater thanMa 50240.805
Ma 50Greater thanMa 100255.942
Ma 100Greater thanMa 200264.461
OpenGreater thanClose224.150
Total2/5 (40.0%)
Penke

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