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Joel Greenblatt's MAGIC FORMULA Screen for Indian Stocks with Additional filtering for Quality. Ranked the resultant Companies.
Ist Update - 04May2020

Details in below tweets.

Feedback, Comments & Retweets - Welcome.

#MagicFormula #Stocks #Indianstocks #JoelGreenblatt

1/n Joel Greenblatt's MAGIC FOR...
Magic formula =Good Stocks @ Attractive Price

Higher Earnings Yield =Undervalued Stock

Higher Return on Invested Capital(ROIC)/Return on Capital Employed(ROCE) =Better Quality

RANK stocks on ROIC/ROCE(1 for Highest ROIC/ROCE)

SUM the Ranks

RE-RANK on Combined score

2/n
Additonal Filtering -

Good ROCE/ROIC over a period of time. Min 22%.

Attractive Earnings Yield. Min 6.5%.

Good Operating Cash Flow over a period of time.

Good Asset turnover ratio/Management Efficiency.

Stable Promoter holding.

3/n
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