25 XP   0   0   10

Surana Solar Limited
Buy, Hold or Sell?

Let's analyse Surana Solar Limited together

PenkeI guess you are interested in Surana Solar 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 Surana Solar Limited. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

Get notifications about Surana Solar Limited

I send you an email if I find something interesting about Surana Solar Limited.

Quick analysis of Surana Solar Limited (30 sec.)










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

How much money do you get?

How much money do you get?
INR0.00
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
INR11.67
Expected worth in 1 year
INR13.53
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
INR1.90
Return On Investment
6.0%

For what price can you sell your share?

Current Price per Share
INR31.95
Expected price per share
INR21.25 - INR43.95
How sure are you?
50%

1. Valuation of Surana Solar Limited (5 min.)




Live pricePrice per Share (EOD)

INR31.95

Intrinsic Value Per Share

INR15.05 - INR38.01

Total Value Per Share

INR26.72 - INR49.68

2. Growth of Surana Solar Limited (5 min.)




Is Surana Solar Limited growing?

Current yearPrevious yearGrowGrow %
How rich?$6.8m$6.6m$274.2k4.0%

How much money is Surana Solar Limited making?

Current yearPrevious yearGrowGrow %
Making money$274.1k$101.4k$172.6k63.0%
Net Profit Margin5.4%3.4%--

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

3. Financial Health of Surana Solar Limited (5 min.)




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




  Industry Rankings (Solar)  

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

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

What can you expect buying and holding a share of Surana Solar Limited?

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

Speculation

The Price per Share of Surana Solar Limited is INR31.95. 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 Surana Solar 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 Surana Solar 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 INR11.67. Based on the TTM, the Book Value Change Per Share is INR0.46 per quarter. Based on the YOY, the Book Value Change Per Share is INR0.17 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 INR0.01 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Surana Solar 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 Eps0.010.0%0.010.0%0.000.0%0.000.0%0.010.0%
Usd Book Value Change Per Share0.010.0%0.010.0%0.000.0%0.000.0%0.000.0%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.010.0%0.010.0%0.000.0%0.000.0%0.010.0%
Usd Price Per Share0.20-0.20-0.25-0.14-0.24-
Price to Earnings Ratio36.72-36.72-123.34-91.12-70.43-
Price-to-Total Gains Ratio35.81-35.81-115.58-79.82-61.98-
Price to Book Ratio1.46-1.46-1.89-1.07-1.93-
Price-to-Total Gains Ratio35.81-35.81-115.58-79.82-61.98-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.3834
Number of shares2608
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.010.00
Usd Total Gains Per Share0.010.00
Gains per Quarter (2608 shares)14.906.58
Gains per Year (2608 shares)59.6026.34
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
11585012516
2311611025042
3417417047568
46233230510094
572912906126120
693493507151146
7104074109176172
81246547010201198
91352353011226224
101558159012251250

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%14.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%12.02.00.085.7%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%12.00.02.085.7%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%14.00.00.0100.0%

Fundamentals of Surana Solar Limited

About Surana Solar Limited

Surana Solar Limited manufactures and sells solar panels and solar photovoltaic (PV) modules under the Surana Solar brand in India and internationally. It operates through Renewable Energy and Trading & Others segments. The company engages in generation of wind and solar power; trading of solar PV modules and other solar related products; and infrastructure leasing activities. It also provides engineering, procurement, and construction services for power projects on turnkey basis; solar lighting products, including home lighting systems and solar street lighting products; and solar lanterns for use in street, industrial site, travelling, and house and garden application. The company was formerly known as Surana Ventures Limited. Surana Solar Limited was incorporated in 2006 and is based in Hyderabad, India.

Fundamental data was last updated by Penke on 2024-03-23 18:49:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very 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 overpriced.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of Surana Solar Limited.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Surana Solar Limited earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare Surana Solar Limited to the Solar industry mean.
  • A Net Profit Margin of 5.4% 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 Surana Solar Limited:

  • The MRQ is 5.4%. The company is making a profit. +1
  • The TTM is 5.4%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ5.4%TTM5.4%0.0%
TTM5.4%YOY3.4%+2.0%
TTM5.4%5Y2.8%+2.6%
5Y2.8%10Y2.9%-0.1%
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ5.4%0.7%+4.7%
TTM5.4%-4.3%+9.7%
YOY3.4%-0.3%+3.7%
5Y2.8%-7.8%+10.6%
10Y2.9%-8.3%+11.2%
1.1.2. Return on Assets

Shows how efficient Surana Solar Limited is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Surana Solar Limited to the Solar industry mean.
  • 3.8% Return on Assets means that Surana Solar Limited generated ₹0.04 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Surana Solar Limited:

  • The MRQ is 3.8%. Using its assets, the company is less efficient in making profit.
  • The TTM is 3.8%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ3.8%TTM3.8%0.0%
TTM3.8%YOY1.2%+2.6%
TTM3.8%5Y1.5%+2.3%
5Y1.5%10Y2.2%-0.7%
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ3.8%-0.1%+3.9%
TTM3.8%-0.2%+4.0%
YOY1.2%-0.2%+1.4%
5Y1.5%-0.6%+2.1%
10Y2.2%-0.6%+2.8%
1.1.3. Return on Equity

Shows how efficient Surana Solar Limited is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Surana Solar Limited to the Solar industry mean.
  • 4.0% Return on Equity means Surana Solar Limited generated ₹0.04 for each ₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Surana Solar Limited:

  • The MRQ is 4.0%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 4.0%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ4.0%TTM4.0%0.0%
TTM4.0%YOY1.5%+2.4%
TTM4.0%5Y1.8%+2.2%
5Y1.8%10Y4.3%-2.5%
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ4.0%0.6%+3.4%
TTM4.0%0.4%+3.6%
YOY1.5%0.5%+1.0%
5Y1.8%-0.5%+2.3%
10Y4.3%-0.6%+4.9%

1.2. Operating Efficiency of Surana Solar Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Surana Solar Limited is operating .

  • Measures how much profit Surana Solar 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 Surana Solar Limited to the Solar industry mean.
  • An Operating Margin of 8.5% means the company generated ₹0.08  for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Surana Solar Limited:

  • The MRQ is 8.5%. The company is operating less efficient.
  • The TTM is 8.5%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ8.5%TTM8.5%0.0%
TTM8.5%YOY6.0%+2.4%
TTM8.5%5Y6.7%+1.7%
5Y6.7%10Y6.6%+0.2%
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ8.5%-4.3%+12.8%
TTM8.5%-0.7%+9.2%
YOY6.0%0.2%+5.8%
5Y6.7%0.1%+6.6%
10Y6.6%-1.4%+8.0%
1.2.2. Operating Ratio

Measures how efficient Surana Solar Limited is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Solar industry mean).
  • An Operation Ratio of 1.03 means that the operating costs are ₹1.03 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of Surana Solar Limited:

  • The MRQ is 1.030. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.030. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.030TTM1.0300.000
TTM1.030YOY0.964+0.066
TTM1.0305Y0.970+0.060
5Y0.97010Y0.947+0.023
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0301.629-0.599
TTM1.0301.630-0.600
YOY0.9641.680-0.716
5Y0.9701.618-0.648
10Y0.9471.423-0.476

1.3. Liquidity of Surana Solar Limited.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Surana Solar Limited is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Solar industry mean).
  • A Current Ratio of 19.61 means the company has ₹19.61 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of Surana Solar Limited:

  • The MRQ is 19.613. The company is very able to pay all its short-term debts. +2
  • The TTM is 19.613. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ19.613TTM19.6130.000
TTM19.613YOY2.632+16.981
TTM19.6135Y7.619+11.994
5Y7.61910Y4.647+2.972
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ19.6131.265+18.348
TTM19.6131.390+18.223
YOY2.6321.456+1.176
5Y7.6191.536+6.083
10Y4.6471.355+3.292
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Surana Solar Limited to the Solar industry mean.
  • A Quick Ratio of 8.12 means the company can pay off ₹8.12 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Surana Solar Limited:

  • The MRQ is 8.122. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 8.122. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ8.122TTM8.1220.000
TTM8.122YOY1.005+7.118
TTM8.1225Y2.752+5.371
5Y2.75210Y1.648+1.104
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ8.1220.517+7.605
TTM8.1220.575+7.547
YOY1.0050.648+0.357
5Y2.7520.651+2.101
10Y1.6480.728+0.920

1.4. Solvency of Surana Solar Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Surana Solar Limited assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Surana Solar Limited to Solar industry mean.
  • A Debt to Asset Ratio of 0.03 means that Surana Solar Limited assets are financed with 3.4% credit (debt) and the remaining percentage (100% - 3.4%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Surana Solar Limited:

  • The MRQ is 0.034. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.034. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.034TTM0.0340.000
TTM0.034YOY0.195-0.161
TTM0.0345Y0.173-0.139
5Y0.17310Y0.333-0.160
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0340.588-0.554
TTM0.0340.587-0.553
YOY0.1950.611-0.416
5Y0.1730.617-0.444
10Y0.3330.614-0.281
1.4.2. Debt to Equity Ratio

Measures if Surana Solar Limited is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Surana Solar Limited to the Solar industry mean.
  • A Debt to Equity ratio of 3.5% means that company has ₹0.04 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Surana Solar Limited:

  • The MRQ is 0.035. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.035. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.035TTM0.0350.000
TTM0.035YOY0.242-0.207
TTM0.0355Y0.225-0.190
5Y0.22510Y0.644-0.419
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0351.389-1.354
TTM0.0351.367-1.332
YOY0.2421.657-1.415
5Y0.2251.730-1.505
10Y0.6441.617-0.973

2. Market Valuation of Surana Solar 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 Surana Solar Limited generates.

  • Above 15 is considered overpriced but always compare Surana Solar Limited to the Solar industry mean.
  • A PE ratio of 36.72 means the investor is paying ₹36.72 for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Surana Solar Limited:

  • The EOD is 68.806. Based on the earnings, the company is expensive. -2
  • The MRQ is 36.718. Based on the earnings, the company is overpriced. -1
  • The TTM is 36.718. Based on the earnings, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD68.806MRQ36.718+32.088
MRQ36.718TTM36.7180.000
TTM36.718YOY123.336-86.618
TTM36.7185Y91.119-54.400
5Y91.11910Y70.432+20.687
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
EOD68.806-0.072+68.878
MRQ36.718-0.031+36.749
TTM36.718-0.031+36.749
YOY123.336-1.055+124.391
5Y91.119-2.382+93.501
10Y70.4321.668+68.764
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is 11.483. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 6.128. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 6.128. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD11.483MRQ6.128+5.355
MRQ6.128TTM6.1280.000
TTM6.128YOY-12.317+18.444
TTM6.1285Y2.491+3.637
5Y2.49110Y-7.731+10.221
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
EOD11.483-2.787+14.270
MRQ6.128-3.500+9.628
TTM6.128-4.410+10.538
YOY-12.317-4.654-7.663
5Y2.491-5.746+8.237
10Y-7.731-6.822-0.909
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Solar industry mean).
  • A PB ratio of 1.46 means the investor is paying ₹1.46 for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of Surana Solar Limited:

  • The EOD is 2.738. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.461. Based on the equity, the company is underpriced. +1
  • The TTM is 1.461. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD2.738MRQ1.461+1.277
MRQ1.461TTM1.4610.000
TTM1.461YOY1.892-0.431
TTM1.4615Y1.074+0.387
5Y1.07410Y1.931-0.858
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
EOD2.7381.288+1.450
MRQ1.4611.570-0.109
TTM1.4611.728-0.267
YOY1.8922.216-0.324
5Y1.0741.933-0.859
10Y1.9312.346-0.415
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

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

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.4640.4640%0.172+170%0.201+131%0.309+50%
Book Value Per Share--11.67011.6700%11.206+4%11.155+5%10.543+11%
Current Ratio--19.61319.6130%2.632+645%7.619+157%4.647+322%
Debt To Asset Ratio--0.0340.0340%0.195-83%0.173-80%0.333-90%
Debt To Equity Ratio--0.0350.0350%0.242-86%0.225-84%0.644-95%
Dividend Per Share--0.0120.0120%0.012+2%0.010+20%0.179-93%
Eps--0.4640.4640%0.172+170%0.201+131%0.428+9%
Free Cash Flow Per Share--2.7822.7820%-1.721+162%1.031+170%1.189+134%
Free Cash Flow To Equity Per Share--0.7200.7200%-1.121+256%-0.084+112%-0.189+126%
Gross Profit Margin--0.7520.7520%0.647+16%0.576+31%0.683+10%
Intrinsic Value_10Y_max--38.014--------
Intrinsic Value_10Y_min--15.049--------
Intrinsic Value_1Y_max--1.757--------
Intrinsic Value_1Y_min--0.940--------
Intrinsic Value_3Y_max--6.844--------
Intrinsic Value_3Y_min--3.333--------
Intrinsic Value_5Y_max--13.816--------
Intrinsic Value_5Y_min--6.265--------
Market Cap1572150870.000+47%838972530.000838972530.0000%1043179920.000-20%593923662.000+41%971338284.000-14%
Net Profit Margin--0.0540.0540%0.034+59%0.028+90%0.029+85%
Operating Margin--0.0850.0850%0.060+41%0.067+25%0.066+29%
Operating Ratio--1.0301.0300%0.964+7%0.970+6%0.947+9%
Pb Ratio2.738+47%1.4611.4610%1.892-23%1.074+36%1.931-24%
Pe Ratio68.806+47%36.71836.7180%123.336-70%91.119-60%70.432-48%
Price Per Share31.950+47%17.05017.0500%21.200-20%12.070+41%19.740-14%
Price To Free Cash Flow Ratio11.483+47%6.1286.1280%-12.317+301%2.491+146%-7.731+226%
Price To Total Gains Ratio67.106+47%35.81135.8110%115.583-69%79.821-55%61.978-42%
Quick Ratio--8.1228.1220%1.005+709%2.752+195%1.648+393%
Return On Assets--0.0380.0380%0.012+211%0.015+153%0.022+72%
Return On Equity--0.0400.0400%0.015+159%0.018+124%0.043-7%
Total Gains Per Share--0.4760.4760%0.183+160%0.210+126%0.488-2%
Usd Book Value--6891180.0006891180.0000%6616980.000+4%6586625.558+5%6225495.526+11%
Usd Book Value Change Per Share--0.0060.0060%0.002+170%0.002+131%0.004+50%
Usd Book Value Per Share--0.1400.1400%0.134+4%0.134+5%0.127+11%
Usd Dividend Per Share--0.0000.0000%0.000+2%0.000+20%0.002-93%
Usd Eps--0.0060.0060%0.002+170%0.002+131%0.005+9%
Usd Free Cash Flow--1642992.0001642992.0000%-1016352.000+162%608576.534+170%701792.053+134%
Usd Free Cash Flow Per Share--0.0330.0330%-0.021+162%0.012+170%0.014+134%
Usd Free Cash Flow To Equity Per Share--0.0090.0090%-0.013+256%-0.001+112%-0.002+126%
Usd Market Cap18865810.440+47%10067670.36010067670.3600%12518159.040-20%7127083.944+41%11656059.408-14%
Usd Price Per Share0.383+47%0.2050.2050%0.254-20%0.145+41%0.237-14%
Usd Profit--274188.000274188.0000%101496.000+170%118460.875+131%252577.546+9%
Usd Revenue--5061996.0005061996.0000%2979792.000+70%3908743.711+30%7904734.465-36%
Usd Total Gains Per Share--0.0060.0060%0.002+160%0.003+126%0.006-2%
 EOD+4 -4MRQTTM+0 -0YOY+30 -65Y+31 -510Y+24 -12

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1568.806
Price to Book Ratio (EOD)Between0-12.738
Net Profit Margin (MRQ)Greater than00.054
Operating Margin (MRQ)Greater than00.085
Quick Ratio (MRQ)Greater than18.122
Current Ratio (MRQ)Greater than119.613
Debt to Asset Ratio (MRQ)Less than10.034
Debt to Equity Ratio (MRQ)Less than10.035
Return on Equity (MRQ)Greater than0.150.040
Return on Assets (MRQ)Greater than0.050.038
Total6/10 (60.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5046.820
Ma 20Greater thanMa 5032.553
Ma 50Greater thanMa 10034.669
Ma 100Greater thanMa 20032.802
OpenGreater thanClose33.550
Total3/5 (60.0%)



Reversals in quarterly reports

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

 2019-03-312020-03-312021-03-312022-03-312023-03-31
Net Debt  200,448-137,08163,3679,51072,87730,916103,793-105,006-1,213
Short-term Debt  28,41536,62265,0378,43173,46830,376103,844-110,767-6,923
Operating Income  27,404-21,3776,0272,2318,2585528,810-20,281-11,471



Latest Balance Sheet

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

Summary
Total Assets594,380
Total Liabilities20,115
Total Stockholder Equity574,265
 As reported
Total Liabilities 20,115
Total Stockholder Equity+ 574,265
Total Assets = 594,380

Assets

Total Assets594,380
Total Current Assets296,213
Long-term Assets298,167
Total Current Assets
Cash And Cash Equivalents 1,213
Short-term Investments 59,046
Net Receivables 3,367
Inventory 132,095
Other Current Assets 100,492
Total Current Assets  (as reported)296,213
Total Current Assets  (calculated)296,213
+/-0
Long-term Assets
Property Plant Equipment 196,512
Long-term Assets Other 159,147
Long-term Assets  (as reported)298,167
Long-term Assets  (calculated)355,659
+/- 57,492

Liabilities & Shareholders' Equity

Total Current Liabilities15,103
Long-term Liabilities5,012
Total Stockholder Equity574,265
Total Current Liabilities
Short-term Debt -6,923
Accounts payable 5,108
Other Current Liabilities 9,995
Total Current Liabilities  (as reported)15,103
Total Current Liabilities  (calculated)8,180
+/- 6,923
Long-term Liabilities
Other Liabilities 5,012
Long-term Liabilities  (as reported)5,012
Long-term Liabilities  (calculated)5,012
+/-0
Total Stockholder Equity
Common Stock246,033
Retained Earnings 148,338
Other Stockholders Equity 179,894
Total Stockholder Equity (as reported)574,265
Total Stockholder Equity (calculated)574,265
+/-0
Other
Capital Stock246,033
Cash And Equivalents1,213
Cash and Short Term Investments 60,259
Common Stock Shares Outstanding 49,207
Current Deferred Revenue6,923
Liabilities and Stockholders Equity 594,380
Net Debt -1,213
Net Invested Capital 574,265
Net Tangible Assets 574,265
Net Working Capital 281,110
Property Plant and Equipment Gross 518,045



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-312015-03-312014-03-312013-03-312012-03-312011-03-312010-03-312009-03-312008-03-31
> Total Assets 
28,056
195,854
571,747
792,816
781,837
1,001,427
1,024,139
1,258,583
1,043,118
847,118
806,580
791,460
643,634
639,787
685,032
594,380
594,380685,032639,787643,634791,460806,580847,1181,043,1181,258,5831,024,1391,001,427781,837792,816571,747195,85428,056
   > Total Current Assets 
6,403
100,391
321,357
417,216
474,617
494,480
578,682
838,219
643,904
440,060
432,802
402,829
336,194
373,993
333,997
296,213
296,213333,997373,993336,194402,829432,802440,060643,904838,219578,682494,480474,617417,216321,357100,3916,403
       Cash And Cash Equivalents 
5,203
7,843
41,805
18,321
20,283
51,180
56,101
74,069
22,114
39,304
23,208
24,968
1,670
591
51
1,213
1,213515911,67024,96823,20839,30422,11474,06956,10151,18020,28318,32141,8057,8435,203
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
21,005
2,105
1,332
48,500
500
59,046
59,04650048,5001,3322,10521,0050000000000
       Net Receivables 
0
0
0
0
0
0
130,952
105,124
172,530
219,373
34,136
94,794
1,332
92,099
126,450
3,367
3,367126,45092,0991,33294,79434,136219,373172,530105,124130,952000000
       Other Current Assets 
1,200
66,416
85,020
125,374
163,185
142,613
169,841
164,341
204,170
223,026
114,628
2,953
209,295
148,674
1
100,492
100,4921148,674209,2952,953114,628223,026204,170164,341169,841142,613163,185125,37485,02066,4161,200
   > Long-term Assets 
21,653
95,463
250,390
375,600
307,221
506,947
445,458
420,364
399,214
407,058
373,777
388,631
307,439
265,795
351,035
298,167
298,167351,035265,795307,439388,631373,777407,058399,214420,364445,458506,947307,221375,600250,39095,46321,653
       Property Plant Equipment 
21,547
29,607
211,423
353,961
276,020
483,736
442,619
414,061
396,942
404,761
373,189
384,945
306,834
263,994
236,134
196,512
196,512236,134263,994306,834384,945373,189404,761396,942414,061442,619483,736276,020353,961211,42329,60721,547
       Long Term Investments 
0
0
0
0
0
0
200
200
0
0
0
0
0
0
0
0
00000000200200000000
       Intangible Assets 
0
0
0
0
0
0
734
105
69
32
6
6
6
6
6
0
0666663269105734000000
       Long-term Assets Other 
107
65,856
28,797
21,639
31,200
23,211
2,839
6,303
2,272
2,297
583
3,680
600
1,795
-236,140
159,147
159,147-236,1401,7956003,6805832,2972,2726,3032,83923,21131,20021,63928,79765,856107
> Total Liabilities 
4,517
33,141
271,390
356,618
356,725
579,306
600,351
780,069
543,344
330,614
281,674
256,518
102,786
96,830
133,617
20,115
20,115133,61796,830102,786256,518281,674330,614543,344780,069600,351579,306356,725356,618271,39033,1414,517
   > Total Current Liabilities 
6
30,164
173,939
131,902
350,716
396,104
431,966
765,258
387,167
277,378
160,672
49,937
94,528
88,462
126,919
15,103
15,103126,91988,46294,52849,937160,672277,378387,167765,258431,966396,104350,716131,902173,93930,1646
       Short-term Debt 
0
5,085
133
0
250,173
114,743
254,278
649,091
314,056
164,083
138,946
28,415
65,037
73,468
103,844
-6,923
-6,923103,84473,46865,03728,415138,946164,083314,056649,091254,278114,743250,17301335,0850
       Short Long Term Debt 
0
0
0
0
0
0
417,644
6,213
22,765
164,083
138,946
28,415
65,037
73,468
103,844
0
0103,84473,46865,03728,415138,946164,08322,7656,213417,644000000
       Accounts payable 
0
0
0
0
41,971
225,845
68,169
21,278
8,776
20,270
3,493
5,630
4,200
7,196
8,332
5,108
5,1088,3327,1964,2005,6303,49320,2708,77621,27868,169225,84541,9710000
       Other Current Liabilities 
6
25,080
173,806
131,902
58,573
55,515
109,519
94,889
64,336
93,025
18,102
8,955
19,045
1,088
905
9,995
9,9959051,08819,0458,95518,10293,02564,33694,889109,51955,51558,573131,902173,80625,0806
   > Long-term Liabilities 
4,511
2,977
97,451
224,716
6,009
183,202
168,386
14,811
156,177
53,236
121,002
206,581
8,258
8,368
6,698
5,012
5,0126,6988,3688,258206,581121,00253,236156,17714,811168,386183,2026,009224,71697,4512,9774,511
       Long term Debt Total 
0
0
0
0
0
0
0
0
148,909
44,351
112,242
197,001
0
0
0
0
0000197,001112,24244,351148,90900000000
       Other Liabilities 
0
0
0
0
0
0
6,987
8,187
7,268
8,885
8,760
9,580
8,258
8,368
0
5,012
5,01208,3688,2589,5808,7608,8857,2688,1876,987000000
> Total Stockholder Equity
23,539
162,713
300,357
436,199
425,112
422,121
423,788
478,514
499,774
516,504
524,906
534,942
540,847
542,958
551,415
574,265
574,265551,415542,958540,847534,942524,906516,504499,774478,514423,788422,121425,112436,199300,357162,71323,539
   Common Stock
10,000
150,000
90,000
246,033
246,033
246,033
246,033
246,033
246,033
246,033
246,033
246,033
246,033
246,033
246,033
246,033
246,033246,033246,033246,033246,033246,033246,033246,033246,033246,033246,033246,033246,03390,000150,00010,000
   Retained Earnings 
-461
-7,787
39,324
80,166
44,079
16,088
7,755
52,588
73,848
90,577
98,979
109,016
114,921
117,031
125,489
148,338
148,338125,489117,031114,921109,01698,97990,57773,84852,5887,75516,08844,07980,16639,324-7,787-461
   Capital Surplus 0000000000000000
   Treasury Stock0000000000000000
   Other Stockholders Equity 
14,000
20,528
177,478
133,768
179,719
219,893
262,286
293,158
323,050
348,971
380,688
409,075
-540,847
0
179,893
179,894
179,894179,8930-540,847409,075380,688348,971323,050293,158262,286219,893179,719133,768177,47820,52814,000



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 (+$)
totalRevenue421,833
Cost of Revenue-358,477
Gross Profit63,35663,356
 
Operating Income (+$)
Gross Profit63,356
Operating Expense-76,114
Operating Income-11,471-12,758
 
Operating Expense (+$)
Research Development0
Selling General Administrative2,568
Selling And Marketing Expenses5,660
Operating Expense76,1148,228
 
Net Interest Income (+$)
Interest Income1,910
Interest Expense-1,910
Other Finance Cost-1,910
Net Interest Income-1,910
 
Pretax Income (+$)
Operating Income-11,471
Net Interest Income-1,910
Other Non-Operating Income Expenses0
Income Before Tax (EBT)33,135-56,077
EBIT - interestExpense = 33,782
33,135
24,759
Interest Expense1,910
Earnings Before Interest and Taxes (EBIT)35,69235,045
Earnings Before Interest and Taxes (EBITDA)61,344
 
After tax Income (+$)
Income Before Tax33,135
Tax Provision-10,286
Net Income From Continuing Ops22,84922,849
Net Income22,849
Net Income Applicable To Common Shares22,849
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses434,591
Total Other Income/Expenses Net44,6061,910
 

Technical Analysis of Surana Solar 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 Surana Solar Limited. The general trend of Surana Solar Limited is BULLISH with 14.3% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Surana Solar Limited's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

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

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

1. Price Targets

1.1 Support & Resistance

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

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


Score

Let's take a look at the Support & Resistance of Surana Solar 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: 37.50 < 43.95.

The bearish price targets are: 28.35 > 25.70 > 21.25.

Tweet this
Surana Solar 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 Surana Solar Limited. The current mas is .

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

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

Directionalities and relatives.

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

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

Surana Solar 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 Surana Solar Limited. The current macd is -0.1024434.

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

  • MACD line > signal line: The MACD line is 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 Surana Solar Limited price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Surana Solar 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 Surana Solar 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
Surana Solar Limited Daily Moving Average Convergence/Divergence (MACD) ChartSurana Solar 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 Surana Solar Limited. The current adx is 19.22.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Surana Solar Limited shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Surana Solar 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 Surana Solar Limited. The current sar is 28.82.

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
Surana Solar 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 Surana Solar Limited. The current rsi is 46.82. The current phase is Correction in bull market.

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

  • Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
  • Trending down: The RSI is trending down. -1
Surana Solar Limited Daily Relative Strength Index (RSI) ChartSurana Solar 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 Surana Solar Limited. The current phase is Correction in bull 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 Surana Solar Limited price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Surana Solar Limited Daily Stochastic Oscillator ChartSurana Solar 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 Surana Solar Limited. The current cci is -3.31360947.

Surana Solar Limited Daily Commodity Channel Index (CCI) ChartSurana Solar 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 Surana Solar Limited. The current cmo is -8.32345291.

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
Surana Solar Limited Daily Chande Momentum Oscillator (CMO) ChartSurana Solar 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 Surana Solar Limited. The current willr is -60.6557377.

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

Surana Solar 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 Surana Solar Limited. The current atr is 2.19490601.

Surana Solar Limited Daily Average True Range (ATR) ChartSurana Solar 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 Surana Solar Limited. The current obv is 23,396,694.

Surana Solar Limited Daily On-Balance Volume (OBV) ChartSurana Solar 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 Surana Solar Limited. The current mfi is 56.89.

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
Surana Solar Limited Daily Money Flow Index (MFI) ChartSurana Solar Limited Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

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

6.3. Candlestick Patterns

Surana Solar Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5046.820
Ma 20Greater thanMa 5032.553
Ma 50Greater thanMa 10034.669
Ma 100Greater thanMa 20032.802
OpenGreater thanClose33.550
Total3/5 (60.0%)
Penke

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

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

Get notifications about Surana Solar Limited

I send you an email if I find something interesting about Surana Solar Limited.


Comments

How you think about this?

Leave a comment

Stay informed about Surana Solar Limited.

Receive notifications about Surana Solar Limited in your mailbox!