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A User Guide for Radar
Radar is a comprehensive fundamental analysis tool in the Definedge Securities’ Trading & Investment Universe that maximises analysis efficiency.
This user guide will help you navigate through the tool easily and understand how you can make the most from it. So, let’s get to it!
The data available on Radar is divided into three sections, as displayed in the upper right corner – Analysis, Scanners, and Tools. We will look at the features provided under each section and how to use them, starting with Analysis.
ANALYSIS
Company Search
You can search for any company you want for easy analysis—just type in the name or symbol name of the company you wish for and hit Enter. For example- To search for Tata Consultancy Services, you can type ‘TCS’ or ‘Tata Consultancy Services’. Once you enter, the analysis page for TCS will open.
If you look at the upper blue section of the screen, it shows the key metrics and summary for the selected company. The leftmost portion displays the company's Current Share Price, the NSE and BSE Ticker/Symbol, and the Sector/Industry to which the company belongs.
The middle portion shows key data like the Market Capitalization, Face Value, Book Value, Price-to-earnings ratio, price-to-book value ratio, Debt-to-equity ratio and a visual summary of the Shareholding Pattern.
Finally, the right-most portion shows the company information in a brief text discussing its business verticals and the company's evolution. You can also find the link to the company website which will take you to the website of the subject company.
Under the top section, you will see nine tabs, each displaying different information about the company. You can view information on any of these by simply clicking on the tab's name. Let’s discuss each of them in detail below.
Chart Tab
The first tab under the top section is the Charts Tab.
The chart tab shows two charts. First is the Valuation chart, which shows the Price and other valuation ratios like Price to Earnings, Price to Book value, Price to Sales and Enterprise value to EBITDA. The second chart displays the quarterly sales and net profit trend along with the Operating Profit Margin and the Net Profit Margin.
Ratios Tab
Besides Charts, the ratio tab displays 30+ ratios to help you get a comprehensive view of the company’s financials. These ratios are divided into eight categories - Valuation, Solvency, Growth, Profitability, Efficiency, Per share basis, Cash conversion cycle, and the DuPont Analysis.
If you take the cursor to the (i) beside any category name, a tooltip will help you understand the relevance and importance of the ratios under that category.
Performance Tab
The next tab is the Performance Tab, which shows the historical performance of the company’s Sales, Net Profit, and average ROE and ROCE ratios over the last 1, 3, and 5 years.
This will help you assess the company’s growth over the years and understand what can be expected in the coming time.
Peer Comparison
The Peer Comparison tab shows a table comparing the selected company to its peer group, i.e., other companies in the same industry. From the ‘Edit Columns’ drop-down on the right, you can select the columns you want to add to the table to compare the companies.
You can also view this information in a visualised format by clicking the “sector chart” button. As shown above, you will see a bubble chart of the comparison.
Not just this, you can also select the parameters for both the axis of the bubble chart, depending on what you want to view on the chart. Let's say you want to compare 3-year sales growth on the Y-axis and 3-year average ROCEs on the X-axis. Then, you can select these parameters from the list of 150+ parameters by clicking on the ‘Select parameter on Y-axis' and ‘Select parameter on X-axis' options.
Financial Statements
The following two sections display the financial statements of the selected company. Each section displays the information as Standalone, Consolidated, and Common Sized data. Let’s look at each of these in detail.
Quarterly Results
This tab shows the detailed quarterly results as the Standalone, Consolidated, and Common Sized statements. To choose the statement you wish to see, simply click on its name. You can choose which fields or line items to see the change (growth %) from the dropdown menu on the top right of the table. The growth % will be shown in green colour if the line item has risen and in red if it has fallen.
You can view the table data in an ascending or descending format by clicking on the arrows next to ‘Quarters’.
You can also see the trend of each line item by clicking on the chart icon beside the name of each item.
Retaking the example of TCS, the image above shows the trend of OPM% for TCS.
Yearly Results
Like Quarterly Results, the Yearly Results tab shows the annual results, i.e. the annual Profit/Loss statement for all companies.
Balance Sheet
The Balance Sheet tab shows the selected company’s Balance sheet breakdown over the past ten years. You can view Equity Capital, Current and Non-current Liabilities, Total Equities & Liabilities, Current and Non-current Assets, and Total Assets.
TTo see the breakdown of information under any section, click on the ‘+’ sign beside the heading. You can also see the trend graph of each section.
Cash Flow
TThe Cash Flow tab displays information in the same way as the Balance Sheet. You can view the breakdown of your selected company’s cash flow in this tab.
Shareholding Tab
The last tab is the Shareholding Tab, which shows the list of company shareowners categorised as Promoters, FII, DII, Government, and Retail or Public owners.
Each category has a detailed list of owners, their names, and percentage ownership in the company. You can click the ‘+’ icon to view the list, as shown in the image above.
Corporate Actions
The Corporate Actions Tab, displays various corporate actions including Dividends, Bonus Issues, Stock Splits, Buybacks and Rights Issues.
DCF and Reverse DCF Calculator
The DCF (Discounted Cash Flow) calculator is designed to provide you with a detailed analysis of a company's intrinsic (fair) value. With the ability to customise the parameters for each company, you can now obtain fair value estimates on a 3, 5, 7, 10, and customisable year-end basis.
One of the standout features of our DCF calculator is the inclusion of a Margin of Safety metric. This provides information on how undervalued or overvalued a company's share price is relative to its intrinsic value. This strategic information equips you with a better understanding of potential investment opportunities and risks.
In addition to the DCF calculator, we are introducing the Reverse DCF calculator, which helps in assessing the achievability of implied growth rates. By reverse-engineering the valuation model, this feature helps you determine if the growth rates implied by the model are realistic and align with your expectations.
Board
The "Board" tab, offers detailed information about board members, including their designations, remuneration and remuneration as a percentage of net profit. This feature enhances transparency regarding the roles and compensations of key individuals within the organisation.
Corporate Announcements
The Corporate Announcements feature provides users with important updates and announcements from companies. This feature ensures that users stay informed about all the important announcements and updates. To access Corporate Announcements, navigate to the Corp. Announcements section on individual company page.
SCANNERS
The second major section of Radar includes Scanners. Radar provides a variety of pre-defined scanners and allows you to create your own scanners. Let’s take a look at what we offer under Scanners.
The Scanners page has three bifurcations -
- My Scanners – This includes the list of scanners you created and saved for later use.
- Pre-Defined Scanners – This includes over 35 pre-defined scanner queries provided in the tool. Like FII increasing, DII decreasing, Debt reducing, etc. Our team of experts built these scanners, which are accessible to all. You can also customise these scanners and save them under My Scanners.
- Public Scanners - The third category is the Public Scanners, which includes a list of scanners that Radar users have created and have made public so that every user can access them. You can also share your scanners with other Radar users.
Sector Bytes
Sectoral Snapshot Overview
You get a 360-degree view of the market with our Sectoral Snapshot feature. Sector Bytes offers a comprehensive overview of how sectors, groups and indices have performed in the previous quarter. The key metrics covered include:Median Metrics on Group Level
Ever wondered how the Nifty indices stack up in terms of median sales growth, P/E, or any other metric? With Sector Bytes you can! Sector Bytes allows you to check the growth in each sector based on their median on a group level. Explore and compare the medians across different sectors with ease.
Detailed Analysis of Specific Sectors
Zoom in on any particular sector with this feature. Discover which companies have outperformed or underperformed in terms of sales and profit growth compared to their sector's median. This functionality provides an invaluable resource for a more nuanced understanding of sectoral dynamics.
Trend Analysis Over Quarters
Uncover the trends with our trend analysis feature. Sector Bytes lets you track the trend of median sales growth, profit growth, OPM, NPM, P/E and P/B over the last four quarters. Spot patterns, identify outliers, and assess the performance of sectors based on historical data.
Lookback Period Quarters
Go back in time and analyse sectoral medians for lookback periods. Whether you are interested in a year-to-year comparison or a more extended historical analysis, Sector Bytes has you covered.
TOOLS
Lastly, under the Tools section, Radar offers a variety of different tools that you can use to refine your fundamental analysis. Have a look at what all these tools can do for you.
1. Create New Scanner
You can create a scan by clicking on the “Create New Scanner” option under tools or by clicking on “Create New Scanner” in the upper right corner of the Scanners page. Once you click on it, you will be taken to the Scanner Query page, where you can enter any query you want to run, as shown in the image attached below:
You can add as many parameters as you want in a single scanner. For any parameter you wish to add, type the keywords, and a drop-down menu will show suggestions for what query you want to select. In the above image, we have just typed “mar”, and the drop-down suggests “market cap” and other parameters.
To add more queries, you need to add AND after entering every query so the system understands that you want the 1st, 2nd, 3rd, and so on. To create a query, you can use greater than > or less than < functions.
Once you have entered all the queries, you can click on the ‘Run Query’ button, and if your query doesn't have any errors, it will show the output, which will be the list of companies befitting your criteria.
You can also run the scanner on any particular group.
For example, suppose you want to run the query on IT companies after running it. In that case, you can now select the group from the top right corner by choosing the Market – NSE and Group - IT Index or NIFTY IT, showing only the results of IT companies that fit your criteria.
After running the query, you can click on the “Save Scanner” button on the right, which will ask you to enter a name for your scanner. You can also make the query public by clicking the check box below.
Once you save your query, you can view it in the “My Scanners” list on the Scanners page.
Funda-Techno AnalysisOne of the most distinct features of Radar is that it aids your comprehensive funda-techno analysis.
You can run a technical scan on the already curated Fundamental stocks. Open a scanner of your choice and select the market as NSE or BSE (as shown in the image above), and the “save as group” button will be activated.
Upon clicking the “Save as Group” button, you can give your group a name. Make sure the name is unique and not repetitive. Once you click on “Save as new group”, the group will be saved, and now you can find the same group in Group Manager in RZone.
Now RZone has the group of stocks you first discovered using Radar Scanners. You can now use this group in RZone for all the tools, i.e., Breadth, Matrix, Table, Price Scanners, RS Scanners, etc., and run a technical scan.
2. Matrix - Radar:The second tool is “Matrix” under the “Tools”.
Matrix is a tool built by our team that helps you find any list of companies by doing various Permutations. You can select one condition from all three drop-down menus. So, let’s say you choose a Price within 10% of All-time High, Quarterly Sales ATH, and Quarterly Profit ATH. This will give you the list of companies trading within 10% of ATH price and have posted ATH Quarterly Sales and ATH Quarterly Net Profit.
In the same way, you can play various permutations that will give different outputs. You need not compulsorily select All three parameters; you can run the matrix by choosing only one parameter as well.
Like saving a group from Scanners, you can also save a group for a list of companies from the output, which can later be used to perform Technical Analysis.
3. Quarterly Result SnapshotAnother tool under the “Tools” section is the “Quarterly Result Snapshot”.
The Quarterly Result Snapshot page summarises quarterly results for all the companies that have posted results for the latest quarter.
By clicking on the small ‘+’ icon beside the company name, you can find a small table containing the Sales, Operating Profit (EBITDA), Net Profit figures for the Current Quarter, the Previous Quarter (QoQ- Quarter on Quarter), and the same quarter the previous year (YoY- Year on Year).
You can also check the percentage change for Sales, Profit, and margin figures on both QoQ and YoY basis, which can help you understand the Quarterly result quickly.
You can select any particular group to see the results.
For example, if you want to track results for IT companies, you can select the group from the top right corner by choosing the Market - NSE and Group - IT Index or NIFTY IT, which will show the results of only IT companies.
Besides these tools, you also get Sector Analysis. If you click on it, you will see a bubble chart of your chosen sector, much like we mentioned in the Peer Comparison sector chart. You can select your preferred sector from the drop-down menu.
With time, we keep enhancing Radar and will be introducing new tools.
If you have any questions, please reach out to us.
4. Corporate Actions
Universal Corporate Actions Tab, a feature designed to enhance your experience by consolidating corporate action information for all listed companies in one central location. This tab provides a holistic view, allowing you to explore historical corporate actions and stay updated on the latest announcements. This section allows you to quickly go through data and understand the historical and current decisions that impact a company's trajectory.
Corporate Actions page gives you the flexibility to;
Corporate Announcements
The Corporate Announcements feature provides users with important updates and announcements from companies. This feature ensures that users stay informed about all the important announcements and updates.
To access Corporate Announcements, navigate to the Tools section within Radar. Additionally, each individual company page now includes a dedicated section for Corporate Announcements.
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