Fundamental Scanner
1. PE < industry PE 2. PEG < 1 3. ROE > 20 4. ROCE > 20 5. Debt / equity < 1 6. CMP / book value < 1 7. Last 3 yes sales and profit growth +ve 8. Last quarter sales and profit +ve 9. EV / EBITDA < 10 10. FII and DII participation 11. Last 5 yrs cash flow +ve Cross-correlation With this approach, I understand most of the companies cannot satisfy all the criteria but it makes easy for us to filter out and fine tune the list to narrow down to the refined list. This is the first step in shortlisting the stocks and then it had to be cross-correlated with the detailed analysis on the balance sheets, P&L, OP ratios, business, management, guidance and finally doing all this will really help you build conviction to invest and stay invested for longer term