Air compressorsHistorical case study · data as of 28 Jul 2026 · published 31 Oct 2026 (95 days later)
Elgi Equipments — 100-point case study
How Elgi Equipments looked on 50 technical and 50 fundamental measures on 28 Jul 2026 — and what happened over the next three months. Education only; not a current view.
Close (to snapshot) Close (after) 50-day avg 200-day avg Support Resistance
Technical analysis — 50 points
Calculated by code from daily prices up to 28 Jul 2026. Standard formulas (RSI, MACD, ADX use Wilder smoothing).
How to read the tags. Each of the 50 points gets one tag. Bullish the reading was favourable. Bearish the reading was unfavourable. Neutral the reading was in a normal range, or gave no clear message. Caution a warning sign or an unusual reading that deserves a closer look. Point 50 counts the other 49 tags. The chart is called positive when bullish tags beat bearish ones by 5 or more, negative when bearish tags beat bullish ones by 5 or more, and mixed otherwise. Under each point you will see what reading earns which tag. Tags describe the data on the snapshot date. They are not signals to buy or sell. Full guide to all 100 points →
A. Trend
#
Point
Reading
Tag
Commentary
1
Short-term trend (20 days)
slope -0.11%/day
Bearish
Over the last 20 sessions the regression line of closing prices was falling about 0.11% a day — a short-term downtrend.
Bullish slope above +0.10% a day (short-term uptrend) · Bearish slope below –0.10% a day (short-term downtrend) · Neutral between the two: a flat, sideways phase.
2
Medium-term trend (~5 months)
3M return +3.3%
Bullish
The 100-session trend line was up (+0.23%/day) and the stock was +3.3% over three months, so the medium-term picture was bullish.
Bullish slope above +0.05% a day · Bearish slope below –0.05% a day · Neutral in between.
3
Long-term trend (1 year)
1Y return +3.4%
Neutral
Compared with a year earlier the price was +3.4%. Little net progress over twelve months.
Bullish up more than 10% in a year · Bearish down more than 10% in a year · Neutral between –10% and +10%.
4
Weekly chart trend
10W 588.77 / 30W 530.38
Neutral
On the weekly chart the stock showed a weekly close tangled between the 10-week and 30-week averages.
Bullish weekly close above the 10-week average, which is above the 30-week · Bearish weekly close below the 10-week average, which is below the 30-week · Neutral when they are tangled.
5
Swing structure (highs/lows)
last highs 628.45→607.00; lows 508.00→565.40
Neutral
The two most recent swing points showed a lower high but a higher low — mixed structure.
Bullish higher highs and higher lows (uptrend structure) · Bearish lower highs and lower lows (downtrend structure) · Neutral when one is higher and the other lower.
6
ADX (14) — trend strength
19.5
Neutral
ADX at 19.5 signals a weak or absent trend (below 20) — range-bound conditions. ADX measures strength only, not direction.
Bullish ADX 20 or more with +DI above –DI (a real trend, pointing up) · Bearish ADX 20 or more with –DI above +DI (a real trend, pointing down) · Neutral below 20: no clear trend. 20–30 is a moderate trend, above 30 a strong one.
7
+DI vs –DI
+DI 14.1 / –DI 20.5
Bearish
–DI was above +DI: sellers had the upper hand in directional movement.
Bullish +DI above –DI · Bearish –DI above +DI · No neutral zone for this point.
B. Moving averages
#
Point
Reading
Tag
Commentary
8
Price vs 20-day SMA
583.40 (-2.4%)
Bearish
Close of 569.45 was 2.4% below the 20-day SMA — the short-term trend filter was negative.
Bullish close above the average · Bearish close below the average · No neutral zone.
9
Price vs 50-day SMA
588.03 (-3.2%)
Bearish
Close of 569.45 was 3.2% below the 50-day SMA — the medium-term trend filter was negative.
Bullish close above the average · Bearish close below the average · No neutral zone.
10
Price vs 200-day SMA
516.93 (+10.2%)
Bullish
Close of 569.45 was 10.2% above the 200-day SMA — the long-term trend filter was positive.
Bullish close above the average · Bearish close below the average · No neutral zone.
11
9 / 21 EMA crossover
9E 580.28 / 21E 584.18
Bearish
The 9-day EMA was below the 21-day EMA; the last crossover happened on 07 Jul 2026.
The 50-day average was 13.8% above the 200-day. No 50/200 crossover occurred in the data window.
Bullish 50-day above 200-day (after a “golden cross”) · Bearish 50-day below 200-day (after a “death cross”) · No neutral zone.
13
50-day SMA slope
+2.6% in 20 sessions
Bullish
The 50-day average rose 2.6% over the past month — rising.
Bullish rose more than 0.5% · Bearish fell more than 0.5% · Neutral in between: flattening.
14
MA ribbon alignment
583 / 588 / 552 / 517
Neutral
The 20/50/100/200-day averages were tangled — no clean order, typical of a transition or range.
Bullish neatly stacked 20 > 50 > 100 > 200 · Bearish neatly stacked 20 < 50 < 100 < 200 · Neutral when tangled (a transition or range).
15
Monthly anchored VWAP
585.98 (-2.8%)
Bearish
Anchored to the start of July, the volume-weighted average price was 585.98; the close was below it — buyers that month were on average under water.
Bullish close above VWAP (that month’s buyers on average in profit) · Bearish close below VWAP · No neutral zone.
C. Momentum
#
Point
Reading
Tag
Commentary
16
RSI (14)
42.7
Bearish
RSI at 42.7 reflected soft, below-average momentum.
Bullish RSI 55–70 (positive momentum, not stretched) · Bearish RSI 30–45 (soft momentum) · Neutral 45–55. Caution at 70 or above (overbought) or 30 or below (oversold).
17
RSI divergence (last 40 days)
none
Neutral
Comparing the last 20 sessions with the 20 before: no divergence — RSI moved in line with price.
Bullish bullish divergence: price made a lower low but RSI a higher low · Caution for a bearish divergence (price higher high, RSI lower high). Neutral when RSI moved in line with price.
18
MACD line vs signal
MACD -3.01 / signal -1.63
Bearish
MACD was below its signal line — momentum turning or staying negative.
Bullish MACD above signal · Bearish MACD below signal · No neutral zone.
19
MACD histogram (5-day change)
-0.23 → -1.38
Bearish
The histogram fell over the last five sessions, meaning momentum was weakening.
Bullish up more than 2% · Bearish down more than 2% · Neutral between –2% and +2%.
D. Volatility
#
Point
Reading
Tag
Commentary
25
Bollinger Band position (%B)
%B 0.14 (bands 564.02–602.78)
Neutral
%B of 0.14 — inside the bands, lower half.
How to read: Caution above 1 or below 0 (outside the bands — an overextended move). Neutral inside the bands.
26
Bollinger width / squeeze
width 6.6% (6th pct of 6M)
Caution
Band width was at the 6th percentile of the last six months. A squeeze like this often precedes a larger move (direction unknown).
How to read: Caution when the width is in the lowest 15% of six months (a “squeeze” that often comes before a bigger move, direction unknown). Neutral otherwise.
27
ATR (14)
₹17.61 (3.1% of price)
Neutral
A typical day's range was about ₹17.61, or 3.1% of the price — useful for judging how much 'normal noise' to expect.
How to read: Information only. A higher % means bigger normal daily swings.
28
Historical volatility (30-day)
24.6% vs 1Y 33.6%
Neutral
Annualised 30-day volatility was 24.6%, below the one-year level of 33.6%.
How to read: Caution when 30-day volatility is more than 1.25× the one-year level. Neutral otherwise.
29
Keltner Channel (20, 2×ATR)
549.75–618.25
Neutral
The close was inside the channel, so no volatility breakout.
Bullish close above the upper channel (strong upward push) · Bearish close below the lower channel · Neutral inside the channel.
30
Beta vs Nifty 50 (1Y daily)
1.33
Neutral
A beta of 1.33 means the stock tended to move more than the Nifty 50 day to day.
How to read: Information only. Above 1.1 moves more than the market, below 0.9 less, around 1 in line.
E. Volume & money flow
#
Point
Reading
Tag
Commentary
31
Volume vs 20-day average
last day 0.53× / 5-day 0.64×
Neutral
The final session traded 0.53× its 20-day average volume and the last five sessions averaged 0.64× — lighter than usual participation.
How to read: Information only. Above 1.2× is heavier than usual participation, below 0.8× lighter.
32
Up-day vs down-day volume (20d)
ratio 1.19
Bullish
Average volume on up days was 1.19× that on down days — accumulation-leaning.
Bullish ratio above 1.15 (accumulation-leaning) · Bearish ratio below 0.85 (distribution-leaning) · Neutral between 0.85 and 1.15.
33
On-Balance Volume (20d)
OBV rising
Bullish
OBV rose over the month while price fell — volume diverged from price.
About ₹16 crore changed hands per day on average over 20 sessions — moderately liquid.
How to read: Information only. Above ₹500 crore a day is highly liquid, above ₹50 crore liquid, below that moderately liquid.
F. Price levels
#
Point
Reading
Tag
Commentary
38
Support levels (S1/S2/S3)
565.40 / 539.70 / 508.00
Neutral
Nearest support (prior swing lows) sat at 565.40, 0.7% below the close, then 539.70, 508.00.
How to read: Information only. Levels to watch, not good or bad.
39
Resistance levels (R1/R2/R3)
572.34 / 588.70 / 607.00
Neutral
Nearest resistance (prior swing highs) sat at 572.34, 0.5% above the close, then 588.70, 607.00.
How to read: Information only.
40
Monthly pivot points (for next month)
P 583.60 | R1 601.80 | S1 551.25
Neutral
Classic pivots from July's high/low/close gave a pivot of 583.60; the close was below it.
How to read: Information only.
41
Fibonacci retracement (6M swing)
23.6% 581 | 38.2% 548 | 50.0% 521 | 61.8% 494
Neutral
Measuring the 6-month rise from 408.25 to 633.85, the close was nearest the 23.6% retracement at 580.61.
How to read: Information only.
42
52-week high / low
H 633.85 / L 408.25
Neutral
The close was 10.2% below the 52-week high and 39.5% above the 52-week low.
Bullish within 5% of the 52-week high · Bearish within 5% of the 52-week low · Neutral in between.
43
Unfilled price gaps (6M)
2 open; latest gap-up 08 Apr at 484.50
Neutral
There were 2 unfilled gap(s). The latest, a gap-up on 08 Apr 2026, left an open level at 484.50 that price had not revisited.
How to read: Information only.
G. Patterns
#
Point
Reading
Tag
Commentary
44
Price structure / chart pattern
pullback inside a larger uptrend
Neutral
Rule-based pattern scan: pullback inside a larger uptrend. (Classical patterns like head-and-shoulders are judgement calls; we report only what the rules detect.)
Bullish rising channel (both trends up) · Bearish falling channel (both trends down) · Neutral for tight consolidation, a bounce in a downtrend, a pullback in an uptrend, or a sideways range.
45
Breakout / breakdown (20-day)
range 565.40–615.95
Neutral
The close was inside the prior 20-day range of 565.40–615.95.
Bullish close above the 20-day high (breakout) · Bearish close below the 20-day low (breakdown) · Neutral inside the range.
46
Latest candlestick
Ordinary red candle
Neutral
On 28 Jul the candle opened 575.50, ranged 565.60–578.20 and closed 569.45: Ordinary red candle. Single candles are weak signals on their own.
Bullish hammer, bullish engulfing or bullish marubozu · Bearish shooting star, bearish engulfing or bearish marubozu · Neutral for a doji, inside bar or ordinary candle. Single candles are weak signals.
47
Ichimoku Cloud
cloud 552.92–587.89; Tenkan 586.30 / Kijun 596.92
Neutral
Price was inside the cloud and the Tenkan line was below the Kijun line — an undecided Ichimoku setup.
Bullish close above the cloud · Bearish close below the cloud · Neutral inside the cloud.
H. Relative strength & summary
#
Point
Reading
Tag
Commentary
48
Relative strength vs Nifty 50
1M -6.5% / 3M +3.8%
Bullish
The stock outperformed the Nifty 50 by 3.8 points over three months and underperformed by 6.5 points over one month.
Bullish ahead of the Nifty 50 by more than 2 points · Bearish behind by more than 2 points · Neutral within ±2 points.
49
Relative strength vs Nifty 50 (6M)
6M +42.0%
Bullish
No sector index in today's data set, so we show the 6-month comparison instead: 42.0 points ahead of the Nifty 50.
Bullish ahead by more than 2 points · Bearish behind by more than 2 points · Neutral within ±2 points.
50
Technical summary
8 bullish · 13 bearish · 26 neutral · 2 caution
Bearish
Across the 49 readings the technical picture leaned negative. Levels that mattered: support 565.40, resistance 572.34. This is a description of the chart on 28 Jul 2026, not a forecast. How to read the score: the strongest possible reading is 49 bullish · 0 bearish, and the weakest is 0 bullish · 49 bearish. Most companies land in between. The chart is called positive when bullish tags beat bearish ones by 5 or more, negative when bearish tags beat bullish ones by 5 or more, and mixed otherwise. Even a 49–0 score describes the past and is not a reason to buy, and a 0–49 score is not a reason to sell.
Bullish bullish tags beat bearish ones by 5 or more (“positive”) · Bearish bearish tags beat bullish ones by 5 or more (“negative”) · Neutral (“mixed”) otherwise. Strongest possible: 49 bullish · 0 bearish.
Fundamental analysis — 50 points
Uses only results published by 28 Jul 2026: FY26 annual (Apr 2025–Mar 2026), the Jan–Mar 2026 quarter and the Jun 2026 shareholding. ₹ crore, consolidated unless stated. Valuation uses the 28 Jul 2026 close.
How to read the tags. Each of the 50 points gets one tag. Bullish the reading was favourable. Bearish the reading was unfavourable. Neutral the reading was in a normal range, or gave no clear message. Caution a warning sign or an unusual reading that deserves a closer look. Point 50 counts the other 49 tags. The numbers are called positive when bullish tags beat bearish ones by 4 or more and are at least 1.5 times as many, negative the other way round, and mixed otherwise. Under each point you will see what reading earns which tag. Tags describe the data on the snapshot date. They are not signals to buy or sell. Full guide to all 100 points →
A. Valuation
#
Point
Reading
Tag
Commentary
1
P/E (trailing 12 months)
42.0×
Neutral
At ₹569.45 the market valued the company at about ₹18,048 crore, or 42.0× the ₹430 crore profit of the four quarters to Mar 2026. That is a premium multiple — the market expected growth.
How to read: Information only. Below 15 is a low multiple, 15–30 moderate, above 30 a premium (the market expects growth). Compare with peers and the company’s own history.
2
Price / Book
8.09×
Neutral
Market cap was 8.09× the Mar 2026 book value (equity + reserves) of ₹2,232 crore.
How to read: Information only. Main yardstick for banks; asset-light businesses usually trade at high P/B.
3
Price / Sales
4.57×
Neutral
The company was valued at 4.57× its trailing-12-month sales of ₹3,951 crore.
How to read: Information only.
4
EV / EBITDA (approx.)
32.1×
Neutral
Enterprise value (market cap + ₹533 cr borrowings; cash not netted) was 32.1× trailing operating profit of ₹578 crore.
How to read: Information only. Lower means cheaper relative to operating profit.
5
Earnings yield
2.4%
Neutral
The inverse of P/E: each ₹100 invested bought about ₹2.4 of annual earnings. Investors often compare this with the ~6–7% yield on 10-year government bonds.
How to read: Information only. Often compared with the ~6–7% yield on 10-year government bonds.
6
PEG (P/E ÷ 3-yr profit CAGR)
8.32
Caution
P/E of 42.0 divided by 3-year profit growth of 5.0% a year gives a PEG of 8.32. Below 1 is often read as growth being cheaply priced; above 2 as expensive. Note: the Sep 2025 quarter carried unusual other income of ₹55 crore — a one-off that distorts year-on-year profit comparisons.
Bullish below 1 (growth cheaply priced) · Bearish above 2 (growth expensively priced) · Neutral 1–2, or when profit did not grow (not meaningful).
7
Dividend yield (trailing 12M)
0.47%
Neutral
Dividends with ex-dates in the 12 months to the snapshot totalled ₹2.7 a share, a 0.47% yield on the ₹569.45 price.
Bullish above 3% · Neutral at 3% or less. Never tagged Bearish.
8
Market capitalisation
₹18,048 cr
Neutral
At about ₹0.18 lakh crore the company was a small-cap.
How to read: Information only. Above ₹1 lakh crore large-cap, ₹30,000 crore–₹1 lakh crore mid-cap, below that small-cap (our rule of thumb).
9
Graham number vs price
₹146.62 vs ₹569.45
Neutral
Benjamin Graham's conservative fair-value yardstick √(22.5 × EPS × book value per share) came to ₹146.62; the price was 288% above it. Quality franchises usually trade above this number.
Bullish price below the Graham number · Neutral when the price is above it (most quality companies are).
B. Growth
#
Point
Reading
Tag
Commentary
10
Revenue growth FY26 (YoY)
+12.6%
Bullish
Revenue for FY26 was ₹3,951 crore, +12.6% versus FY25.
FY26 net profit was ₹430 crore, +22.9% on FY25's ₹350 crore. Note: the Sep 2025 quarter carried unusual other income of ₹55 crore — a one-off that distorts year-on-year profit comparisons.
Bullish above 10% · Bearish below 0% · Neutral 0–10%. Caution if a one-off item distorted the figure.
13
Q4 FY26 profit growth (YoY)
+25.5%
Caution
Quarterly profit was ₹128 crore versus ₹102 crore a year earlier (+25.5%). Note: the Sep 2025 quarter carried unusual other income of ₹55 crore — a one-off that distorts year-on-year profit comparisons.
Revenue compounded at 9.1% a year from FY23 to FY26.
Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%. Caution if an acquisition inflated it.
15
Profit CAGR (3 years)
5.0%
Neutral
Net profit compounded at 5.0% a year from FY23 to FY26. Note: the Sep 2025 quarter carried unusual other income of ₹55 crore — a one-off that distorts year-on-year profit comparisons.
Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%.
16
Revenue CAGR (5 years)
15.5%
Bullish
Over five years (FY21–FY26) revenue compounded at 15.5% a year.
Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%.
17
EPS growth FY26 (reported)
+22.8%
Caution
Reported EPS went from ₹11.05 to ₹13.57 (+22.8%). Differences from profit growth come from changes in share count (bonus, buyback, new issues). Note: the Sep 2025 quarter carried unusual other income of ₹55 crore — a one-off that distorts year-on-year profit comparisons.
Bullish all tests passed, or all but one · Bearish half the tests or fewer passed · Neutral in between.
49
Automated screen flags
1 strength(s) · 2 weakness(es)
Neutral
Strengths: Company has been maintaining a healthy dividend payout of 20.0%. Weaknesses: Stock is trading at 7.23 times its book value; Company might be capitalizing the interest cost. (Flags generated by the data source’s rule screen.)
How to read: Information only.
50
Fundamental summary
15 bullish · 1 bearish · 29 neutral · 4 caution
Bullish
On the numbers published by 28 Jul 2026 the fundamental picture leaned positive. Valuation: P/E 42.0×, P/B 8.09×. This describes the data, not a recommendation. How to read the score: the strongest possible reading is 49 bullish · 0 bearish, and the weakest is 0 bullish · 49 bearish. Most companies land in between. The numbers are called positive when bullish tags beat bearish ones by 4 or more and are at least 1.5 times as many, negative the other way round, and mixed otherwise. Even a 49–0 score describes the past and is not a reason to buy, and a 0–49 score is not a reason to sell.
Bullish bullish tags beat bearish ones by 4 or more and are at least 1.5× as many (“positive”) · Bearish the same the other way round (“negative”) · Neutral (“mixed”) otherwise. Strongest possible: 49 bullish · 0 bearish.
News in the three months before the snapshot
Company news from 28 Apr 2026 – 28 Jul 2026 that an investor could have known on the snapshot date.
12 May 2026Elgi Equipments schedules board meeting for FY26 results and dividend — The company informed exchanges that its board would meet on May 27, 2026 to approve audited standalone and consolidated results for the quarter and year ended March 31, 2026 and to consider recommending a dividend for FY26. source
27 May 2026Elgi Equipments reports Q4 FY26 results — For the March 2026 quarter, consolidated revenue rose about 12% year on year to roughly Rs 1,110 crore and net profit rose to about Rs 128-130 crore from Rs 102 crore, per published reports of the results. source
30 May 2026MD Jairam Varadaraj says demand intact for FY27 despite cost pressures — In an interview, the managing director said FY26 revenue grew 13% and profit almost 23%, with India and North America leading growth; he expected higher input costs from the West Asia situation to weigh on FY27 and reiterated a goal of becoming the world's third-largest air compressor maker by 2035-36. source
03 Jun 2026Elgi outlines Rs 200 crore FY27 capex on analyst call — On its Q4 analyst call the company said Rs 200 crore of capital expenditure had been cleared for FY27 (Rs 130 crore for a new plant, Rs 70 crore for equipment), that European operations reached breakeven in Q4, and that it planned a low-cost compressor range for September 2026. source
05 Jun 2026Elgi showcases energy-efficient compressors at INTEC 2026 — Elgi exhibited as platinum sponsor at the INTEC 2026 industrial trade fair in Coimbatore, displaying its EQ, EG PM, EN, EG SP and AB oil-free compressor series and its Air~Alert IoT monitoring platform. source
20 Jul 2026Elgi Equipments publishes FY2025-26 annual report — The annual report showed FY26 consolidated revenue from operations up 13% to Rs 3,950.7 crore and net profit up 23% to Rs 430.2 crore, with a recommended final dividend of Rs 2.70 per share (record/ex-date July 17, 2026). source
24 Jul 2026Global Support Center expansion pushed to Q3 FY27 — Elgi disclosed that the capacity expansion of its Global Support Center at Kinathukadavu, Coimbatore, earlier expected in Q1 FY27, is now expected to be operational in Q3 FY27 due to extra time for commissioning automation equipment; the company said there would be no adverse revenue impact. source
What happened next (28 Jul 2026 → 29 Oct 2026)
Price went from ₹569.45 to ₹511.25 by 29 Oct 2026 (-10.2%) while the Nifty 50 moved -4.4% — underperforming by 5.8 points.
Highest ₹653.40 on 07 Sep 2026; lowest ₹502.90 on 29 Oct 2026.
S1 565.40: broken on a closing basis on 19 Oct 2026.
S2 539.70: broken on a closing basis on 21 Oct 2026.
R1 572.34: cleared on a closing basis on 29 Jul 2026.
R2 588.70: cleared on a closing basis on 04 Aug 2026.
200-day SMA: price was above it at the snapshot and crossed below on 19 Oct 2026.
Apr–Jun 2026 results (reported 13 Aug 2026): revenue ₹1,062 crore (+22.5% YoY), net profit ₹103 crore (+19.8% YoY), operating margin 15% vs 14% a year earlier (Screener consolidated figures).
Later news
14 Aug 2026Elgi Equipments Q1 FY27 net profit rises about 20% to Rs 103 crore — Results filed on August 13 showed Q1 FY27 consolidated revenue of Rs 1,062 crore (up about 22-23% YoY) and net profit of Rs 103 crore, including a Rs 7.3 crore one-time restructuring charge; profit before exceptional items was about Rs 111 crore. source
14 Aug 2026Shares rise after Q1 FY27 results — The stock rose about 6% intraday on August 14 after the company reported 23% growth in consolidated sales and 28% growth in standalone sales for the June 2026 quarter. source
20 Aug 2026Elgi launches 'Vayu' compressor brand for MSMEs — Elgi introduced Vayu, a Made-in-India compressed air brand with fixed- and variable-speed compressors from 5 kW to 45 kW at 7-12.5 bar, aimed at growing manufacturers and MSMEs. source
01 Sep 2026Elgi appoints Vikas Thiruvalluru as President and Head - GPMO — The board approved the appointment of Vikas Thiruvalluru, who joined in March 2026 and was earlier COO of Jayem Automotives, as senior management personnel effective September 1, 2026. source
Educational summary. On 28 Jul 2026 the technical picture leaned negative and the fundamental picture leaned positive. Over the next three months the stock moved -10.2% against -4.4% for the Nifty 50. Here the chart's message lined up with what followed. One case proves nothing on its own; the value is in seeing many cases over time. This page does not say whether to buy, sell or hold Elgi Equipments today.
Method designed by our founder, CPA · ACCA · CIA. Numbers are computed by our engine from the sources listed below.
Sources: daily prices — Yahoo Finance history pages; financials and shareholding — Screener.in (fetched 31 Oct 2026); index — Nifty 50 via Yahoo Finance; news — linked articles. Calculations by Manage Our Finance. Report a correction