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Vardhman Special Steels Limited
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PenkeI guess you are interested in Vardhman Special Steels 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 Vardhman Special Steels 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.

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Quick analysis of Vardhman Special Steels Limited (30 sec.)










What can you expect buying and holding a share of Vardhman Special Steels Limited? (30 sec.)

How much money do you get?

How much money do you get?
INR0.08
When do you have the money?
1 year
How often do you get paid?
50.0%

What is your share worth?

Current worth
INR78.60
Expected worth in 1 year
INR120.79
How sure are you?
80.0%

+ What do you gain per year?

Total Gains per Share
INR49.11
Return On Investment
23.2%

For what price can you sell your share?

Current Price per Share
INR212.10
Expected price per share
INR174.31 - INR244.00
How sure are you?
50%

1. Valuation of Vardhman Special Steels Limited (5 min.)




Live pricePrice per Share (EOD)

INR212.10

Intrinsic Value Per Share

INR-78.45 - INR102.02

Total Value Per Share

INR0.15 - INR180.62

2. Growth of Vardhman Special Steels Limited (5 min.)




Is Vardhman Special Steels Limited growing?

Current yearPrevious yearGrowGrow %
How rich?$77m$66.5m$10.4m13.6%

How much money is Vardhman Special Steels Limited making?

Current yearPrevious yearGrowGrow %
Making money$12m$12m-$36.3k-0.3%
Net Profit Margin5.8%7.4%--

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

3. Financial Health of Vardhman Special Steels Limited (5 min.)




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




  Industry Rankings (Steel)  


Richest
#245 / 330

Most Revenue
#153 / 330

Most Profit
#125 / 330

Most Efficient
#102 / 330

What can you expect buying and holding a share of Vardhman Special Steels Limited? (5 min.)

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

What can you expect buying and holding a share of Vardhman Special Steels Limited?

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

Speculation

The Price per Share of Vardhman Special Steels Limited is INR212.10. 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 Vardhman Special Steels 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 Vardhman Special Steels 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 INR78.60. Based on the TTM, the Book Value Change Per Share is INR10.55 per quarter. Based on the YOY, the Book Value Change Per Share is INR11.66 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 INR1.73 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Vardhman Special Steels 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%0.150.1%0.080.0%0.040.0%
Usd Book Value Change Per Share0.130.1%0.130.1%0.140.1%0.090.0%0.070.0%
Usd Dividend Per Share0.020.0%0.020.0%0.010.0%0.010.0%0.010.0%
Usd Total Gains Per Share0.150.1%0.150.1%0.150.1%0.100.0%0.070.0%
Usd Price Per Share4.77-4.77-2.74-2.40-1.59-
Price to Earnings Ratio32.31-32.31-18.46-49.66-39.15-
Price-to-Total Gains Ratio32.35-32.35-18.39-26.68-21.46-
Price to Book Ratio5.05-5.05-3.35-3.21-2.74-
Price-to-Total Gains Ratio32.35-32.35-18.39-26.68-21.46-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share2.5452
Number of shares392
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.020.01
Usd Book Value Change Per Share0.130.09
Usd Total Gains Per Share0.150.10
Gains per Quarter (392 shares)57.7639.18
Gains per Year (392 shares)231.02156.73
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
13319822118139147
26539745235278304
39859568353417461
413079491471556618
5163992114588695775
619511911376106834932
7228138916071249731089
82611588183814211121246
92931786206915912511403
103261984230017713901560

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%8.02.00.080.0%11.02.00.084.6%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%8.02.00.080.0%11.02.00.084.6%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%5.00.05.050.0%5.00.08.038.5%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%8.02.00.080.0%11.02.00.084.6%

Fundamentals of Vardhman Special Steels Limited

About Vardhman Special Steels Limited

Vardhman Special Steels Limited manufactures and sells billets, steel bars, and bright bars of various categories of special and alloy steels in India and internationally. It serves engineering, automotive, tractor, bearing, and allied industries. The company Limited was founded in 1973 and is headquartered in Ludhiana, India.

Fundamental data was last updated by Penke on 2024-03-13 17:57:05.

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 able to pay all its short-term debts.
The company is just able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

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

1.1. Profitability of Vardhman Special Steels Limited.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Vardhman Special Steels Limited earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare Vardhman Special Steels Limited to the Steel industry mean.
  • A Net Profit Margin of 5.8% means that ₹0.06 for each ₹1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Vardhman Special Steels Limited:

  • The MRQ is 5.8%. The company is making a profit. +1
  • The TTM is 5.8%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ5.8%TTM5.8%0.0%
TTM5.8%YOY7.4%-1.6%
TTM5.8%5Y4.1%+1.7%
5Y4.1%10Y2.2%+1.9%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ5.8%2.6%+3.2%
TTM5.8%2.9%+2.9%
YOY7.4%4.8%+2.6%
5Y4.1%3.5%+0.6%
10Y2.2%2.9%-0.7%
1.1.2. Return on Assets

Shows how efficient Vardhman Special Steels Limited is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Vardhman Special Steels Limited to the Steel industry mean.
  • 9.7% Return on Assets means that Vardhman Special Steels Limited generated ₹0.10 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Vardhman Special Steels Limited:

  • The MRQ is 9.7%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 9.7%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ9.7%TTM9.7%0.0%
TTM9.7%YOY10.9%-1.2%
TTM9.7%5Y5.8%+3.9%
5Y5.8%10Y3.3%+2.6%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ9.7%1.1%+8.6%
TTM9.7%1.2%+8.5%
YOY10.9%1.9%+9.0%
5Y5.8%1.3%+4.5%
10Y3.3%1.0%+2.3%
1.1.3. Return on Equity

Shows how efficient Vardhman Special Steels Limited is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Vardhman Special Steels Limited to the Steel industry mean.
  • 15.6% Return on Equity means Vardhman Special Steels Limited generated ₹0.16 for each ₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Vardhman Special Steels Limited:

  • The MRQ is 15.6%. Using its investors money, the company is efficient in making profit. +1
  • The TTM is 15.6%. Using its investors money, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ15.6%TTM15.6%0.0%
TTM15.6%YOY18.2%-2.5%
TTM15.6%5Y10.1%+5.6%
5Y10.1%10Y5.6%+4.4%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ15.6%2.0%+13.6%
TTM15.6%2.2%+13.4%
YOY18.2%3.8%+14.4%
5Y10.1%2.4%+7.7%
10Y5.6%1.8%+3.8%

1.2. Operating Efficiency of Vardhman Special Steels Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Vardhman Special Steels Limited is operating .

  • Measures how much profit Vardhman Special Steels 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 Vardhman Special Steels Limited to the Steel industry mean.
  • An Operating Margin of 8.8% means the company generated ₹0.09  for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Vardhman Special Steels Limited:

  • The MRQ is 8.8%. The company is operating less efficient.
  • The TTM is 8.8%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ8.8%TTM8.8%0.0%
TTM8.8%YOY13.3%-4.5%
TTM8.8%5Y7.7%+1.1%
5Y7.7%10Y5.2%+2.5%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ8.8%5.9%+2.9%
TTM8.8%3.4%+5.4%
YOY13.3%6.1%+7.2%
5Y7.7%5.6%+2.1%
10Y5.2%4.1%+1.1%
1.2.2. Operating Ratio

Measures how efficient Vardhman Special Steels Limited is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Steel industry mean).
  • An Operation Ratio of 0.93 means that the operating costs are ₹0.93 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of Vardhman Special Steels Limited:

  • The MRQ is 0.935. The company is less efficient in keeping operating costs low.
  • The TTM is 0.935. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.935TTM0.9350.000
TTM0.935YOY0.872+0.063
TTM0.9355Y0.930+0.005
5Y0.93010Y0.951-0.021
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9351.706-0.771
TTM0.9351.629-0.694
YOY0.8721.488-0.616
5Y0.9301.527-0.597
10Y0.9511.306-0.355

1.3. Liquidity of Vardhman Special Steels Limited.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Vardhman Special Steels Limited is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Steel industry mean).
  • A Current Ratio of 2.18 means the company has ₹2.18 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of Vardhman Special Steels Limited:

  • The MRQ is 2.177. The company is able to pay all its short-term debts. +1
  • The TTM is 2.177. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ2.177TTM2.1770.000
TTM2.177YOY2.270-0.093
TTM2.1775Y1.881+0.296
5Y1.88110Y1.542+0.339
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ2.1771.669+0.508
TTM2.1771.736+0.441
YOY2.2701.669+0.601
5Y1.8811.615+0.266
10Y1.5421.436+0.106
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Vardhman Special Steels Limited to the Steel industry mean.
  • A Quick Ratio of 1.10 means the company can pay off ₹1.10 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Vardhman Special Steels Limited:

  • The MRQ is 1.099. The company is just able to pay all its short-term debts with the most liquid assets.
  • The TTM is 1.099. The company is just able to pay all its short-term debts with the most liquid assets.
Trends
Current periodCompared to+/- 
MRQ1.099TTM1.0990.000
TTM1.099YOY1.230-0.131
TTM1.0995Y1.053+0.046
5Y1.05310Y0.878+0.176
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0990.612+0.487
TTM1.0990.647+0.452
YOY1.2300.717+0.513
5Y1.0530.693+0.360
10Y0.8780.633+0.245

1.4. Solvency of Vardhman Special Steels Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Vardhman Special Steels Limited assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Vardhman Special Steels Limited to Steel industry mean.
  • A Debt to Asset Ratio of 0.38 means that Vardhman Special Steels Limited assets are financed with 37.7% credit (debt) and the remaining percentage (100% - 37.7%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Vardhman Special Steels Limited:

  • The MRQ is 0.377. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.377. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.377TTM0.3770.000
TTM0.377YOY0.397-0.021
TTM0.3775Y0.452-0.075
5Y0.45210Y0.554-0.103
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3770.447-0.070
TTM0.3770.449-0.072
YOY0.3970.477-0.080
5Y0.4520.487-0.035
10Y0.5540.510+0.044
1.4.2. Debt to Equity Ratio

Measures if Vardhman Special Steels Limited is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Vardhman Special Steels Limited to the Steel industry mean.
  • A Debt to Equity ratio of 60.5% means that company has ₹0.60 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Vardhman Special Steels Limited:

  • The MRQ is 0.605. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.605. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.605TTM0.6050.000
TTM0.605YOY0.659-0.055
TTM0.6055Y0.866-0.261
5Y0.86610Y1.457-0.590
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6050.812-0.207
TTM0.6050.848-0.243
YOY0.6590.938-0.279
5Y0.8660.997-0.131
10Y1.4571.192+0.265

2. Market Valuation of Vardhman Special Steels 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 Vardhman Special Steels Limited generates.

  • Above 15 is considered overpriced but always compare Vardhman Special Steels Limited to the Steel industry mean.
  • A PE ratio of 32.31 means the investor is paying ₹32.31 for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Vardhman Special Steels Limited:

  • The EOD is 17.253. Based on the earnings, the company is fair priced.
  • The MRQ is 32.309. Based on the earnings, the company is overpriced. -1
  • The TTM is 32.309. Based on the earnings, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD17.253MRQ32.309-15.057
MRQ32.309TTM32.3090.000
TTM32.309YOY18.463+13.847
TTM32.3095Y49.665-17.355
5Y49.66510Y39.153+10.512
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
EOD17.2538.509+8.744
MRQ32.3097.916+24.393
TTM32.3097.165+25.144
YOY18.4636.986+11.477
5Y49.6658.371+41.294
10Y39.15311.042+28.111
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Vardhman Special Steels Limited:

  • The EOD is 38.694. Based on how much money comes from the company's main activities, the company is fair priced.
  • The MRQ is 72.463. Based on how much money comes from the company's main activities, the company is overpriced. -1
  • The TTM is 72.463. Based on how much money comes from the company's main activities, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD38.694MRQ72.463-33.769
MRQ72.463TTM72.4630.000
TTM72.463YOY78.886-6.422
TTM72.4635Y30.631+41.832
5Y30.63110Y-48.454+79.085
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
EOD38.6943.022+35.672
MRQ72.4632.944+69.519
TTM72.4632.158+70.305
YOY78.8861.434+77.452
5Y30.6310.944+29.687
10Y-48.4541.561-50.015
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Vardhman Special Steels Limited is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Steel industry mean).
  • A PB ratio of 5.05 means the investor is paying ₹5.05 for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of Vardhman Special Steels Limited:

  • The EOD is 2.698. Based on the equity, the company is underpriced. +1
  • The MRQ is 5.053. Based on the equity, the company is overpriced. -1
  • The TTM is 5.053. Based on the equity, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD2.698MRQ5.053-2.355
MRQ5.053TTM5.0530.000
TTM5.053YOY3.352+1.702
TTM5.0535Y3.208+1.845
5Y3.20810Y2.741+0.467
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
EOD2.6981.005+1.693
MRQ5.0530.953+4.100
TTM5.0530.958+4.095
YOY3.3521.077+2.275
5Y3.2081.064+2.144
10Y2.7411.127+1.614
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Vardhman Special Steels 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--10.54710.5470%11.661-10%7.389+43%5.464+93%
Book Value Per Share--78.60078.6000%68.053+15%59.652+32%42.934+83%
Current Ratio--2.1772.1770%2.270-4%1.881+16%1.542+41%
Debt To Asset Ratio--0.3770.3770%0.397-5%0.452-17%0.554-32%
Debt To Equity Ratio--0.6050.6050%0.659-8%0.866-30%1.457-58%
Dividend Per Share--1.7311.7310%0.742+133%0.940+84%0.470+268%
Eps--12.29412.2940%12.3550%6.642+85%3.587+243%
Free Cash Flow Per Share--5.4815.4810%2.892+90%3.611+52%0.633+766%
Free Cash Flow To Equity Per Share---0.574-0.5740%-3.465+504%-0.283-51%-2.298+300%
Gross Profit Margin--0.6600.6600%0.726-9%-0.398+160%0.096+588%
Intrinsic Value_10Y_max--102.024--------
Intrinsic Value_10Y_min---78.453--------
Intrinsic Value_1Y_max--6.905--------
Intrinsic Value_1Y_min---1.524--------
Intrinsic Value_3Y_max--23.275--------
Intrinsic Value_3Y_min---10.096--------
Intrinsic Value_5Y_max--42.695--------
Intrinsic Value_5Y_min---24.647--------
Market Cap17277623580.000-88%32454038671.20032454038671.2000%18601218780.600+74%16300986138.360+99%10807548825.580+200%
Net Profit Margin--0.0580.0580%0.074-22%0.041+42%0.022+161%
Operating Margin--0.0880.0880%0.133-34%0.077+14%0.052+69%
Operating Ratio--0.9350.9350%0.872+7%0.930+1%0.951-2%
Pb Ratio2.698-87%5.0535.0530%3.352+51%3.208+58%2.741+84%
Pe Ratio17.253-87%32.30932.3090%18.463+75%49.665-35%39.153-17%
Price Per Share212.100-87%397.200397.2000%228.100+74%199.820+99%132.528+200%
Price To Free Cash Flow Ratio38.694-87%72.46372.4630%78.886-8%30.631+137%-48.454+167%
Price To Total Gains Ratio17.275-87%32.35132.3510%18.390+76%26.680+21%21.461+51%
Quick Ratio--1.0991.0990%1.230-11%1.053+4%0.878+25%
Return On Assets--0.0970.0970%0.109-11%0.058+67%0.033+198%
Return On Equity--0.1560.1560%0.182-14%0.101+55%0.056+177%
Total Gains Per Share--12.27812.2780%12.403-1%8.329+47%5.934+107%
Usd Book Value--77065680.00077065680.0000%66595248.000+16%58371751.200+32%41999770.800+83%
Usd Book Value Change Per Share--0.1270.1270%0.140-10%0.089+43%0.066+93%
Usd Book Value Per Share--0.9430.9430%0.817+15%0.716+32%0.515+83%
Usd Dividend Per Share--0.0210.0210%0.009+133%0.011+84%0.006+268%
Usd Eps--0.1480.1480%0.1480%0.080+85%0.043+243%
Usd Free Cash Flow--5374428.0005374428.0000%2829600.000+90%3533236.800+52%620632.800+766%
Usd Free Cash Flow Per Share--0.0660.0660%0.035+90%0.043+52%0.008+766%
Usd Free Cash Flow To Equity Per Share---0.007-0.0070%-0.042+504%-0.003-51%-0.028+300%
Usd Market Cap207331482.960-88%389448464.054389448464.0540%223214625.367+74%195611833.660+99%129690585.907+200%
Usd Price Per Share2.545-87%4.7664.7660%2.737+74%2.398+99%1.590+200%
Usd Profit--12053736.00012053736.0000%12090048.0000%6502533.600+85%3549382.800+240%
Usd Revenue--208198932.000208198932.0000%162573240.000+28%142469359.200+46%109874343.600+89%
Usd Total Gains Per Share--0.1470.1470%0.149-1%0.100+47%0.071+107%
 EOD+4 -4MRQTTM+0 -0YOY+18 -185Y+30 -610Y+33 -3

3.2. Fundamental Score

Let's check the fundamental score of Vardhman Special Steels Limited based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1517.253
Price to Book Ratio (EOD)Between0-12.698
Net Profit Margin (MRQ)Greater than00.058
Operating Margin (MRQ)Greater than00.088
Quick Ratio (MRQ)Greater than11.099
Current Ratio (MRQ)Greater than12.177
Debt to Asset Ratio (MRQ)Less than10.377
Debt to Equity Ratio (MRQ)Less than10.605
Return on Equity (MRQ)Greater than0.150.156
Return on Assets (MRQ)Greater than0.050.097
Total8/10 (80.0%)

3.3. Technical Score

Let's check the technical score of Vardhman Special Steels Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5057.133
Ma 20Greater thanMa 50202.405
Ma 50Greater thanMa 100208.737
Ma 100Greater thanMa 200214.922
OpenGreater thanClose216.600
Total3/5 (60.0%)



Latest Balance Sheet

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

Summary
Total Assets10,305,188
Total Liabilities3,883,048
Total Stockholder Equity6,422,140
 As reported
Total Liabilities 3,883,048
Total Stockholder Equity+ 6,422,140
Total Assets = 10,305,188

Assets

Total Assets10,305,188
Total Current Assets6,986,265
Long-term Assets3,318,923
Total Current Assets
Cash And Cash Equivalents 95,350
Short-term Investments 400,115
Net Receivables 2,630,555
Inventory 3,626,799
Other Current Assets 233,446
Total Current Assets  (as reported)6,986,265
Total Current Assets  (calculated)6,986,265
+/-0
Long-term Assets
Property Plant Equipment 3,055,915
Intangible Assets 431
Other Assets 202,630
Long-term Assets  (as reported)3,318,923
Long-term Assets  (calculated)3,258,976
+/- 59,947

Liabilities & Shareholders' Equity

Total Current Liabilities3,208,549
Long-term Liabilities674,499
Total Stockholder Equity6,422,140
Total Current Liabilities
Short-term Debt 990,587
Short Long Term Debt 988,959
Accounts payable 1,855,615
Other Current Liabilities 122,339
Total Current Liabilities  (as reported)3,208,549
Total Current Liabilities  (calculated)3,957,500
+/- 748,951
Long-term Liabilities
Long term Debt Total 447,906
Other Liabilities 226,593
Long-term Liabilities  (as reported)674,499
Long-term Liabilities  (calculated)674,499
+/-0
Total Stockholder Equity
Common Stock406,274
Retained Earnings 3,156,363
Accumulated Other Comprehensive Income 1,401,496
Capital Surplus 1,470,441
Total Stockholder Equity (as reported)6,422,140
Total Stockholder Equity (calculated)6,434,574
+/- 12,434
Other
Capital Stock406,274
Cash and Short Term Investments 495,465
Common Stock Shares Outstanding 81,707
Current Deferred Revenue240,008
Liabilities and Stockholders Equity 10,305,188
Net Debt 1,343,143
Net Invested Capital 7,851,352
Net Working Capital 3,777,716
Property Plant and Equipment Gross 3,055,915
Short Long Term Debt Total 1,438,493



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-312015-03-312014-03-312013-03-312012-03-312011-03-31
> Total Assets 
2,570,205
4,709,079
5,829,248
5,640,319
6,146,176
6,106,226
6,126,742
6,766,549
8,893,291
7,702,362
8,027,324
9,208,778
10,305,188
10,305,1889,208,7788,027,3247,702,3628,893,2916,766,5496,126,7426,106,2266,146,1765,640,3195,829,2484,709,0792,570,205
   > Total Current Assets 
2,047,562
3,249,793
3,607,217
2,986,826
3,398,859
3,431,653
3,350,789
3,978,198
5,458,223
3,608,679
4,822,787
5,967,250
6,986,265
6,986,2655,967,2504,822,7873,608,6795,458,2233,978,1983,350,7893,431,6533,398,8592,986,8263,607,2173,249,7932,047,562
       Cash And Cash Equivalents 
52,853
871,126
302,749
138,984
86,485
37,906
59,464
74,850
2,843
23,031
23,400
2,710
95,350
95,3502,71023,40023,0312,84374,85059,46437,90686,485138,984302,749871,12652,853
       Short-term Investments 
0
180,000
930,000
150,000
0
100,000
11,224
81,601
77
50,035
500,000
310,800
400,115
400,115310,800500,00050,0357781,60111,224100,0000150,000930,000180,0000
       Net Receivables 
0
0
0
1,236,770
1,795,402
1,941,694
1,912,432
2,040,420
2,316,579
2,012,082
2,373,853
2,609,596
2,630,555
2,630,5552,609,5962,373,8532,012,0822,316,5792,040,4201,912,4321,941,6941,795,4021,236,770000
       Inventory 
979,825
958,289
1,137,031
1,193,122
1,328,898
1,069,038
1,178,309
1,586,028
3,132,220
1,517,778
1,922,590
3,043,220
3,626,799
3,626,7993,043,2201,922,5901,517,7783,132,2201,586,0281,178,3091,069,0381,328,8981,193,1221,137,031958,289979,825
       Other Current Assets 
1,014,884
1,240,378
1,237,437
1,504,720
1,983,476
2,224,709
2,101,792
2,235,719
6,504
5,753
2,944
924
233,446
233,4469242,9445,7536,5042,235,7192,101,7922,224,7091,983,4761,504,7201,237,4371,240,3781,014,884
   > Long-term Assets 
522,642
1,459,286
2,222,031
2,653,493
2,747,317
2,674,573
2,775,953
2,788,351
3,435,068
4,093,683
3,204,537
3,241,528
3,318,923
3,318,9233,241,5283,204,5374,093,6833,435,0682,788,3512,775,9532,674,5732,747,3172,653,4932,222,0311,459,286522,642
       Property Plant Equipment 
322,642
516,421
1,725,859
2,399,274
2,299,774
2,523,564
2,652,920
2,562,565
3,120,917
3,221,855
2,951,423
3,019,582
3,055,915
3,055,9153,019,5822,951,4233,221,8553,120,9172,562,5652,652,9202,523,5642,299,7742,399,2741,725,859516,421322,642
       Long Term Investments 
0
0
0
167,527
40,822
14,197
6,787
0
0
0
0
0
0
0000006,78714,19740,822167,527000
       Intangible Assets 
0
0
0
0
0
3,520
3,862
2,900
3,023
2,543
1,320
847
431
4318471,3202,5433,0232,9003,8623,52000000
       Long-term Assets Other 
200,000
310,365
1,141,006
236,692
447,543
234,520
123,608
222,886
168,782
219,766
128,781
1
202,630
202,6301128,781219,766168,782222,886123,608234,520447,543236,6921,141,006310,365200,000
> Total Liabilities 
925,962
2,805,826
3,877,540
3,782,775
4,448,874
4,356,796
4,145,933
3,373,388
5,273,406
3,566,061
3,433,691
3,659,174
3,883,048
3,883,0483,659,1743,433,6913,566,0615,273,4063,373,3884,145,9334,356,7964,448,8743,782,7753,877,5402,805,826925,962
   > Total Current Liabilities 
284,140
1,873,219
2,907,082
2,778,226
3,397,500
3,053,576
2,981,380
2,350,048
3,908,093
2,456,555
2,305,020
2,628,782
3,208,549
3,208,5492,628,7822,305,0202,456,5553,908,0932,350,0482,981,3803,053,5763,397,5002,778,2262,907,0821,873,219284,140
       Short-term Debt 
0
1,557,278
2,144,021
1,949,549
2,391,198
2,094,419
1,387,147
1,266,723
1,984,706
1,569,335
799,221
821,672
990,587
990,587821,672799,2211,569,3351,984,7061,266,7231,387,1472,094,4192,391,1981,949,5492,144,0211,557,2780
       Short Long Term Debt 
0
0
0
2,947,815
69,386
416,800
1,387,147
1,266,723
1,984,706
1,567,902
598,565
820,313
988,959
988,959820,313598,5651,567,9021,984,7061,266,7231,387,147416,80069,3862,947,815000
       Accounts payable 
126,139
108,862
329,926
420,249
515,710
409,968
349,094
606,080
1,634,963
617,259
1,301,799
1,474,771
1,855,615
1,855,6151,474,7711,301,799617,2591,634,963606,080349,094409,968515,710420,249329,926108,862126,139
       Other Current Liabilities 
158,001
207,079
433,135
408,428
490,592
549,189
1,245,139
477,245
18,075
47,086
94,614
89,882
122,339
122,33989,88294,61447,08618,075477,2451,245,139549,189490,592408,428433,135207,079158,001
   > Long-term Liabilities 
641,822
932,607
970,458
1,004,549
1,051,374
1,303,220
1,164,553
1,023,340
1,365,313
1,109,506
1,128,671
1,030,392
674,499
674,4991,030,3921,128,6711,109,5061,365,3131,023,3401,164,5531,303,2201,051,3741,004,549970,458932,607641,822
       Long term Debt Total 
0
0
0
0
0
1,290,209
1,154,550
1,014,599
1,351,346
1,093,386
1,105,950
798,048
447,906
447,906798,0481,105,9501,093,3861,351,3461,014,5991,154,5501,290,20900000
       Other Liabilities 
0
0
0
6,282
7,343
7,677
10,003
8,741
13,967
16,120
22,721
232,344
226,593
226,593232,34422,72116,12013,9678,74110,0037,6777,3436,282000
> Total Stockholder Equity
1,644,242
1,903,253
1,951,708
1,857,544
1,697,302
1,749,430
1,980,809
3,393,161
3,619,885
4,136,301
4,593,633
5,549,604
6,422,140
6,422,1405,549,6044,593,6334,136,3013,619,8853,393,1611,980,8091,749,4301,697,3021,857,5441,951,7081,903,2531,644,242
   Common Stock
58,250
185,554
185,554
185,554
185,554
185,554
185,554
356,974
357,586
403,945
405,070
405,612
406,274
406,274405,612405,070403,945357,586356,974185,554185,554185,554185,554185,554185,55458,250
   Retained Earnings 
69,626
328,637
377,092
282,928
1,514,852
174,814
410,113
660,476
873,780
899,325
1,348,023
2,296,641
3,156,363
3,156,3632,296,6411,348,023899,325873,780660,476410,113174,8141,514,852282,928377,092328,63769,626
   Accumulated Other Comprehensive Income 
-532,427
-533,320
-559,845
-518,015
-664,890
-808,562
-973,838
-1,184,416
-795,547
-1,051,314
1,393,666
1,395,452
1,401,496
1,401,4961,395,4521,393,666-1,051,314-795,547-1,184,416-973,838-808,562-664,890-518,015-559,845-533,320-532,427
   Capital Surplus 
0
0
0
0
0
0
0
993,546
999,457
1,443,969
1,451,478
1,458,289
1,470,441
1,470,4411,458,2891,451,4781,443,969999,457993,5460000000
   Treasury Stock0000000000000
   Other Stockholders Equity 
2,048,794
1,922,382
1,948,907
1,907,077
2,176,638
2,197,624
2,358,980
3,560,127
3,184,066
-2,692,332
1,446,874
1,451,899
1,458,007
1,458,0071,451,8991,446,874-2,692,3323,184,0663,560,1272,358,9802,197,6242,176,6381,907,0771,948,9071,922,3822,048,794



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 (+$)
totalRevenue17,349,911
Cost of Revenue-11,091,415
Gross Profit6,258,4966,258,496
 
Operating Income (+$)
Gross Profit6,258,496
Operating Expense-5,126,443
Operating Income1,463,8351,132,053
 
Operating Expense (+$)
Research Development121,349
Selling General Administrative24,111
Selling And Marketing Expenses341,141
Operating Expense5,126,443486,601
 
Net Interest Income (+$)
Interest Income176,535
Interest Expense-176,535
Other Finance Cost-176,535
Net Interest Income-176,535
 
Pretax Income (+$)
Operating Income1,463,835
Net Interest Income-176,535
Other Non-Operating Income Expenses0
Income Before Tax (EBT)1,343,0571,584,613
EBIT - interestExpense = 1,343,057
1,343,057
1,181,013
Interest Expense176,535
Earnings Before Interest and Taxes (EBIT)1,519,5921,519,592
Earnings Before Interest and Taxes (EBITDA)1,800,808
 
After tax Income (+$)
Income Before Tax1,343,057
Tax Provision-338,579
Net Income From Continuing Ops1,004,4781,004,478
Net Income1,004,478
Net Income Applicable To Common Shares1,004,478
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses16,217,858
Total Other Income/Expenses Net-120,778176,535
 

Technical Analysis of Vardhman Special Steels 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 Vardhman Special Steels Limited. The general trend of Vardhman Special Steels Limited is BEARISH 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 Vardhman Special Steels 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 Vardhman Special Steels 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: 223.50 < 226.65 < 244.00.

The bearish price targets are: 185.40 > 175.30 > 174.31.

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Vardhman Special Steels 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 Vardhman Special Steels Limited. The current mas is .

The long score for the Moving Averages is 6/14.
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 above the MA 20. +1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close > MA 50: The price is above 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 down: The MA 200 is trending down. -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

Vardhman Special Steels 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 Vardhman Special Steels Limited. The current macd is 0.54218871.

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

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Vardhman Special Steels Limited price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Vardhman Special Steels Limited. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Vardhman Special Steels Limited price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Vardhman Special Steels Limited Daily Moving Average Convergence/Divergence (MACD) ChartVardhman Special Steels 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 Vardhman Special Steels Limited. The current adx is 29.60.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Vardhman Special Steels Limited shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2
Vardhman Special Steels 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 Vardhman Special Steels Limited. The current sar is 195.83.

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
Vardhman Special Steels 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 Vardhman Special Steels Limited. The current rsi is 57.13. The current phase is Correction in bear market.

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

  • Correction in bear market: Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
  • Trending down: The RSI is trending down. -1
Vardhman Special Steels Limited Daily Relative Strength Index (RSI) ChartVardhman Special Steels 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 Vardhman Special Steels Limited. The current phase is Overbought in bear market.

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

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Vardhman Special Steels Limited price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Vardhman Special Steels Limited Daily Stochastic Oscillator ChartVardhman Special Steels 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 Vardhman Special Steels Limited. The current cci is 113.95.

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

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
Vardhman Special Steels Limited Daily Commodity Channel Index (CCI) ChartVardhman Special Steels 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 Vardhman Special Steels Limited. The current cmo is 23.23.

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

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Vardhman Special Steels Limited Daily Chande Momentum Oscillator (CMO) ChartVardhman Special Steels 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 Vardhman Special Steels Limited. The current willr is -17.59259259.

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

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Vardhman Special Steels Limited Daily Williams %R ChartVardhman Special Steels 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 Vardhman Special Steels Limited.

Vardhman Special Steels 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 Vardhman Special Steels Limited. The current atr is 7.17355974.

Vardhman Special Steels Limited Daily Average True Range (ATR) ChartVardhman Special Steels 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 Vardhman Special Steels Limited. The current obv is 16,794,840.

Vardhman Special Steels Limited Daily On-Balance Volume (OBV) ChartVardhman Special Steels 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 Vardhman Special Steels Limited. The current mfi is 68.06.

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
Vardhman Special Steels Limited Daily Money Flow Index (MFI) ChartVardhman Special Steels Limited Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

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

6.3. Candlestick Patterns

Vardhman Special Steels Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Vardhman Special Steels Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5057.133
Ma 20Greater thanMa 50202.405
Ma 50Greater thanMa 100208.737
Ma 100Greater thanMa 200214.922
OpenGreater thanClose216.600
Total3/5 (60.0%)
Penke

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