The ” Simple Magic Formula” Indian Stocks For 2016

I had previous written regarding an investment strategy of investing in simple magic formula stocks.

The returns of this strategy from July 30 2015 till now is: -3.50% compared to -3.78 for the S&P CNX 500 Index. This is a very short time to analyse the returns of any strategy. The data can be seen in this spreadsheet.

The Simple Magic Formula Stocks for 2016 are as follows. The list is sorted by PE ratio. 

Company Name PAT / Total Assets Price-Earnings Ratio PRICE
Kaveri Seed Co. 39.71 11.59 357
Sonata Software 32.39 16.18 173.25
Coal India 79.98 17.51 333.9
HCL Technologies 32.63 19.64 845.5
VST Inds. 43.91 19.64 1701.3
Infosys 25.31 19.85 1103.15
Hero Motocorp 36.47 19.96 2687.85
TCS 42.15 20.51 2416.25
Bajaj Auto 26.04 21.26 2520.05
Mindtree 26.53 21.92 1441
Hexaware Tech. 30.69 22.26 242.6
eClerx Services 33.37 24.02 1432.5
ITC 31.21 27.14 327.3
Alembic Pharma 27.9 27.51 686.15
Bajaj Corp 35.24 27.73 427.95
Zydus Wellness 26.83 29.7 860.7
Credit Analysis 38.94 33.33 1341
Ajanta Pharma 35.74 33.55 1331.4
Oracle Fin.Serv. 35.38 34.01 3796.55
Castrol India 95.53 36.46 447.05
Cummins India 27.22 36.93 1040.2
Lupin 26.42 39.32 1845.5
GlaxoSmith C H L 27.62 42.4 6361.6
Titan Company 25.79 44.38 351.05
Colgate-Palm. 72.56 45.11 976.55
Hind. Unilever 115.85 47.61 856.55
Monsanto India 28.4 49.65 2200.6
Emami 38.15 49.92 989.95
P & G Hygiene 28.17 51.34 5605.1
Tata Elxsi 36.32 52.99 2250.45
Strides Shasun 28.32 55.62 1304.9
Britannia Inds. 50.19 55.72 2991.05
Asian Paints 31.09 57.15 880.15
Dabur India 30.93 57.2 276.3
Eicher Motors 45.31 62.91 17365.25
CRISIL 29.63 64.77 1952.3
Symphony 40.12 65.61 2317.2
Page Industries 36.03 70.01 13519.05
Glaxosmit Pharma 25.43 75.69 3295.5
Rico Auto Inds 27.6 430 47.3

We shall continue to analyse the returns of this strategy over time.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s