Following are the ratios created by me.

For employing these ratios in screener, you

need to create it first
Asset light = (Net block /Balance sheet total)*100
Capital Efficiency = (Net profit /(Net worth +debt))*100
Capital turnover=sales/Net worth
Operating leverage=Profit growth 10Years /Sales growth 10Years
Tax rate = (tax last year/Profit before tax last year)*100

New formula can be created using the following information:

Non-Scalable Moats – Stagnated sales, employs additional capital, High Dividend payout
ratio
Scalable Moats with additional capital - Sales increasing, Profit margin increasing by
employing additional assets, Low dividend payout ratio
Scalable Moats without additional capital- Sales increasing, Profit margin increasing
without employing additional assets, Decent dividend payout ratio, asset light
Operating leverage – Increasing sales, Increasing profit margin

Following are some sample criteria to select stocks. You are supposed to arrive at
your own selection criteria

Sample Criteria 1
Sales growth 10Years>20% AND
Profit growth 10Years> 20% AND
Average return on equity 10Years>20% AND
Sales growth 5Years>20% AND
Profit growth 5Years> 20% AND
Average return on equity 5Years>20% AND
Sales growth 3Years>20% AND
Profit growth 3Years> 20% AND
Average return on equity 3Years>20% AND
Average return on capital employed 3Years>25 AND
Average return on capital employed 5Years>25 AND
Average return on capital employed 10Years>25 AND
Return on capital employed preceding year >25 AND
croic>40% AND
Promoter holding >60%

Sample Criteria 2
NCAVPS > Current price AND
Price to book value < 1.5 AND
Dividend yield > 2 AND
Price to Earning <10 AND
PEG Ratio < 1 AND
Cash from operations last year / Market Capitalization >0.25 AND
Dividend preceding year >= Average 5years dividend AND
Debt to equity < 0.50 AND
Current price <Graham Number

Sample Criteria 3
Working capital < 0 AND
Price to Earning < 20 AND
Debt to equity < 1 AND
Market Capitalization > 100 AND
Profit growth 5Years > 20

Sample Criteria 4
Net worth < Sales last year AND
Reserves>0 AND
Current assets < Current liabilities AND
debt=0 AND
sales> 50 AND
Net profit >10

Sample Criteria 5
Net worth < Operating profit AND
Reserves>0 AND
Debt < Working capital AND
sales> 50 AND
Net profit >10

Sample Criteria 6
CROIC >50% AND
Current assets <Current liabilities AND
reserves>0 AND
Net profit >10 AND
sales> 100 AND
Market Capitalization >100 AND
Average return on equity 10Years >25

Sample Criteria 7
Debt to equity >5 AND
sales>1000 AND
Net profit >100

Sample Criteria 8
Price to Earning <10 AND
Price to book value <2 AND
Interest Coverage >5 AND
Return on equity >20% AND
croic>15% AND
EVEBITDA <5
Sample Criteria 9
Current assets<Current Liabilities AND
Reserves>0 AND
Debt to equity <.25 AND
Return on equity >30% AND
Price to Earning >0

Sample Criteria 10
Working capital <Working capital preceding year AND
Net block < Net block preceding year AND
Sales >Sales preceding year AND
Operating profit >Operating profit preceding year AND
Net profit >Net Profit last year AND
Debt to equity <.25 AND
croic>20%

Sample Criteria 11
Return on equity >Return on equity preceding year AND
Return on equity >20% and
Debt to equity <Debt 3Years back AND
Debt to equity <.25 AND
Sales >Sales last year AND
Net block <Net block preceding year AND
OPM >OPM last year AND
asset efficiency <50% AND
capital efficiency >25% AND
capital turnover >1

Sample Criteria 12
capital efficiency >25% and
croic>25% and
Return on equity >25% and
Current assets <Current liabilities AND
Debt to equity <.25

Sample Criteria 13
Sales growth 10Years >15% AND
Sales growth 7Years >15% AND
Sales growth 5Years >15% AND
Sales growth 3Years >15% AND
Sales growth >15% AND
Average return on capital employed 10Years>20% AND
Average return on capital employed 7Years>20% AND
Average return on capital employed 5Years>20% AND
Average return on capital employed 3Years>20% AND
Return on capital employed >20% AND
capital efficiency >25%

Sample Screening Criteria 14

Market Capitalization <(Operating profit /.1) AND
CROIC >25% AND
EVEBITDA <10 AND
capital efficiency >10% AND
operating leverage >2 AND
Market Capitalization >10 AND
Debt to equity <2 AND
Net worth >0 AND
Return on equity >10%