Greenblatt Magic Formula
Establish a minimum market capitalization (usually greater than $50 million). Exclude utility and financial stocks. Exclude foreign companies (American Depositary Receipts). Determine company’s earnings yield = EBIT / enterprise value. Determine company’s return on capital = EBIT / (net fixed assets + working capital). Rank all companies above chosen market capitalization by highest earnings yield and highest return on capital (ranked as percentages). Invest in 20–30 highest ranked companies, accumulating 2–3 positions per month over a 12-month period. Re-balance portfolio once per year, selling losers one week before the year-mark and winners one week after the year mark. Continue over a long-term (5–10+ year) period.
by ma9019
| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | ROIC % | Earnings Yield % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Coal India | 392.65 | 7.30 | 241979.53 | 6.75 | 8734.17 | -20.22 | 35842.19 | -1.71 | 48.04 | 32.18 | 20.96 |
| 2. | Natl. Aluminium | 212.14 | 6.80 | 38962.31 | 4.95 | 1049.48 | 78.36 | 3806.94 | 33.29 | 43.96 | 41.26 | 22.99 |
| 3. | KSE | 2586.40 | 7.55 | 827.65 | 3.09 | 38.55 | 109.85 | 416.00 | -3.58 | 42.92 | 46.44 | 18.73 |
| 4. | Mishtann Foods | 5.94 | 1.85 | 640.10 | 0.02 | 82.66 | 15.93 | 386.05 | 0.88 | 42.17 | 34.71 | 51.05 |
| 5. | Ashoka Buildcon | 185.64 | 2.96 | 5211.35 | 0.00 | 226.89 | 44.61 | 1887.07 | -23.46 | 39.94 | 155.66 | 42.16 |
| 6. | Bombay Burmah | 1853.90 | 11.47 | 12935.01 | 0.92 | 497.66 | 0.95 | 4711.91 | 8.73 | 35.52 | 75.74 | 22.95 |
| 7. | Dolat Algotech | 81.63 | 7.87 | 1436.69 | 0.31 | 38.93 | -45.86 | 110.60 | -27.11 | 35.48 | 46.10 | 20.17 |
| 8. | Reliance Infra. | 282.80 | 2.59 | 11556.09 | 0.00 | 305.45 | 125.55 | 5907.82 | -17.87 | 34.01 | 34.01 | 62.91 |
| 9. | VVIP Infratech | 168.45 | 11.66 | 420.61 | 0.00 | 22.67 | 110.42 | 199.75 | 23.01 | 33.34 | 20.18 | 17.07 |
| 10. | IIFL Capital | 298.95 | 13.15 | 9275.23 | 1.00 | 175.54 | -3.76 | 617.37 | -3.52 | 33.27 | 40.86 | 17.43 |
| 11. | Natco Pharma | 852.75 | 9.00 | 15273.59 | 0.70 | 480.30 | -28.09 | 1328.90 | -2.47 | 32.78 | 28.37 | 15.56 |
| 12. | Integ. Industrie | 18.20 | 6.70 | 423.77 | 0.00 | 24.77 | 51.69 | 249.85 | 78.29 | 30.47 | 37.59 | 19.75 |
| 13. | Master Trust | 156.40 | 14.19 | 1755.84 | 0.00 | 27.11 | -21.76 | 131.66 | -17.89 | 30.09 | 23.79 | 42.19 |
| 14. | NMDC | 74.53 | 10.02 | 65525.42 | 4.43 | 1967.69 | -0.16 | 6738.86 | 24.47 | 29.59 | 35.57 | 15.68 |
| 15. | Intl. Conveyors | 95.75 | 5.42 | 606.85 | 1.15 | 52.07 | 63.38 | 35.46 | -12.21 | 29.48 | 27.18 | 21.64 |
| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | ROIC % | Earnings Yield % |
| 16. | KNR Construct. | 198.97 | 5.40 | 5595.72 | 0.13 | 123.41 | -28.49 | 612.72 | -37.79 | 28.58 | 45.07 | 21.76 |
| 17. | Prakash Pipes | 332.50 | 11.69 | 795.29 | 0.54 | 10.31 | -59.41 | 203.42 | -0.68 | 26.84 | 20.12 | 17.05 |
| 18. | Nitta Gelatin | 848.80 | 10.15 | 770.71 | 0.71 | 19.13 | -3.43 | 138.79 | 6.39 | 24.65 | 20.26 | 15.39 |
| 19. | GHCL | 556.50 | 8.66 | 5346.41 | 2.16 | 144.11 | -4.33 | 795.87 | -4.17 | 24.19 | 21.95 | 16.77 |
| 20. | Maithan Alloys | 1092.60 | 4.48 | 3180.73 | 0.92 | 537.90 | 17.44 | 632.31 | 68.58 | 23.26 | 22.85 | 27.09 |
| 21. | Nuvama Wealth | 6509.50 | 22.79 | 23454.62 | 2.22 | 263.87 | 19.43 | 1122.65 | 18.24 | 20.40 | 24.69 | 20.36 |
| 22. | Emk.Global Fin. | 220.00 | 11.78 | 562.76 | 0.68 | 4.78 | -65.54 | 72.97 | -11.75 | 20.38 | 20.30 | 61.56 |
| 23. | Geojit Fin. Ser. | 76.11 | 14.10 | 2124.40 | 1.97 | 28.67 | -37.79 | 153.15 | -15.42 | 18.84 | 22.72 | 18.13 |
| 24. | Oswal Agro Mills | 74.76 | 7.93 | 1003.50 | 0.00 | 17.46 | 361.90 | 19.23 | 4080.43 | 16.29 | 58.96 | 17.93 |
| 25. | Wim Plast | 496.90 | 8.91 | 596.45 | 2.01 | 16.89 | 16.40 | 89.88 | -0.51 | 14.85 | 24.99 | 15.37 |