The Magic Formula screen lists NSE- and BSE-listed stocks that currently meet a specific set of filters: Earnings Yield ≥ 8%, ROCE ≥ 20%. It is an automated, rules-based filter that surfaces companies matching those numbers — High earnings yield combined with high return on capital. It is an informational research tool, not a curated list of recommendations.

A stock appears in Magic Formula when it satisfies Earnings Yield ≥ 8%, ROCE ≥ 20%. Every company in the list passes all of these conditions at the time of the most recent data refresh. You can open any stock to see how it meets each condition.

The list is recalculated on our regular data-refresh cycle. Price- and volume-based screens update through the trading day, while fundamentals-based screens update as new financial data becomes available. The stocks shown reflect the latest available data, not a fixed or historical snapshot.

Yes. You can start from Magic Formula and adjust the thresholds, add or remove filters, and combine it with other conditions to build your own screen. Free users can run all presets and save a limited number of custom screens.

No. Magic Formula is a neutral, informational filter that shows which stocks currently match a mathematical set of conditions. It does not constitute investment advice and is not a buy, sell, or hold recommendation. Always do your own due diligence or consult a SEBI-registered investment adviser before investing.

Not necessarily. Meeting the criteria only tells you the stock matches those specific numbers today — it says nothing about future performance, valuation fairness, or the quality of the underlying business. Treat the results as one input among many.

A valuation screen flags stocks trading at a low multiple of earnings, book value, cash flow or enterprise value relative to a fixed threshold. A low ratio can mean the market is pricing the stock cheaply — but it can also reflect real problems like slowing growth or a cyclical downturn. The screen measures the ratio only; it does not judge whether the price is justified.

Not on its own. A low P/E can signal a bargain or a "value trap" where the low price reflects deteriorating fundamentals. Ratios also vary widely by sector, so these screens are best used alongside quality, growth and debt filters rather than in isolation.

The Magic Formula, popularised by Joel Greenblatt, ranks companies by combining a high earnings yield (cheapness) with a high return on capital (business quality). Our screen approximates it by requiring earnings yield ≥ 8% and ROCE ≥ 20%. It is a simplified, rules-based interpretation for Indian stocks, provided for research only — not investment advice, and no guarantee of returns.