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The freefincal Excel Stock Screener

Here is an Excel stock screener to scan & filter Indian stocks with multiple criteria. Cap-wise screening & sector-wise screening possible. It gets data from Value Research and allows the user to screen capitalization-wise and sector-wise.

I have always wanted to build a stock screener and hence this sheet. I am well aware that they are pretty good online screeners available. What is being offered is a choice, and I am confident that the Excel screener will evolve into something at least useful to a small group of users, if not as a unique tool. I seek your help in evaluating this sheet and in making it better.

Those who are comfortable with using Excel's data sort options can screen in several ways with this sheet.

For users who are not familiar with the sort options, several simple stock screens are incorporated after consultations with Krishna Kishore - tyroinvestor and Indraneal Balasubramanium - cognicrafter.

They are my go-to guys when it comes to stock analysis. They are capable of simplifying valuation quite efficiently for a low-attention-span dummy like me.

Excel Stock Screener: How to use Video

This video may help build your own screens.

Capitalisation-wise stock screening

This is the screenshot of the cap-wise stock screener

Excel Stock Screener

In order to use the tool, one must first login to Value Research via Excel. Necessary steps are given below.

As you can see there are five sample screens which can be used independently or combined with each other.  Other sort options can also be enabled from the data sheet.

Excel-stock-screner-2a

The green cells refer to stocks with current PE lesser than median PE (5Y or 3Y -duration listed).

The following screens are available

Piotroski Score - Higher the score, better the strength of the company and confidence in  its operation. VR article on the score.

Altman-Z Score - Higher the score, lower the probability of bankruptcy. This is how VR computes it

Modified C-Score - lower the score, lower the chance of accounting manipulation. This is how VR computes C-Score.

Debt to Equity - a measure of debt used by the company to operate. Lower is typically less risky. Less than one, preferred by many.

PEG - The PE ratio divided by annual EPS growth.  Less than one, could represent undervalued stock.

Enterprise Multiple EV/EBITDA - Compares EBITA,  the earnings before interest, taxes, depreciation and amortization with EV, the enterprise value. Low values could mean undervaluation.  However, 'low' is sector dependent.

Current PE less than Median PE - Median is the mid-point of a distribution of values (PEs in this case). Maybe used for solid companies (thanks Krishna).

Current PE more than Median PE - Maybe used for small companies which are expanding, provided other checks are in place.

Sector-wise stock screening

Excel-stock-screener -3

In this case, only essential checks are retrieved.

Download the freefincal Excel Stock Screener

Also check out the individual stock analysis sheet with multiple valuation techniques: Automated Stock Analysis V9: Earnings Growth Estimation

Guest post by Krishna: A Guide to Understanding Stock Screeners

Guest post by Indraneal: How to Build a Stock Screener

Note: Please do the following to login to Value Research

  1. Open blank excel
  2. Select Data in the menu
  3. Click get external data and then from web
  4. A browser window will open and there will annoying script error messages. Dismiss them.
  5. Then Go to VR online in that window and go to main page. There will annoying messages. Dismiss them.
  6. Click on login. If you are not able to do so. Stop the page from downloading and then click
  7. Login with your email (preferable) and click on remember me.
  8. Now you can exit the browser window and start using the screener. It should work fine now.

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42 thoughts on “The freefincal Excel Stock Screener

  1. Vivek

    Hi Thanks for your post. I followed the above instructions but getting a runtime error. Basically cannot access the file

    Reply
      1. Kannan S.

        Essentially, unable to log into VR online using the instructions above, as the login button on the top right does not appear at all.

        Reply
        1. Raja

          It works perfectly!

          Paste "https://www.valueresearchonline.com/port/" in Excel / Data Tab / from Web /

          It will directly take you to login page. Login in (Check Remember Me/keep me logged in)

          Reply
  2. Manjunath Chikorde

    Hello Friends
    Thanks your post and comments for the new comers like me! when I follow your instruction to access the update data.... I unable/ there the excel sheet became full blank! so friends please please guide me
    Thank You in advance

    Reply
  3. Rakesh

    Hi
    I logged in value research and macro runs but it is not refreshing the data. its all old data.

    Please help.

    Reply
  4. Aniket Bhadane

    Is there any article on freefincal for considering the factors while picking a stock? Just like there's a step by step guide for choosing mutual funds...

    Reply
  5. Pingback: Indian Stock Market Excel Sheet | Best Stock Market Place

  6. detrick

    Hi!!! Can you provide a modified version of your stock screener to screen US stocks? Or what can I do to modify the spreadsheet to download stocks from Morningstar, Yahoo, Google, etc?

    Reply
  7. Rishi Das

    Great tool! Has everything that I was looking for.
    One question: I want to monitor a few stocks that I don't see in All data tab (example: Kanoria Chemicals, Lincoln Pharma). Is there a way to add them?

    Reply
  8. Himanshu

    Excellent tool!
    But i am getting a runtime error. Error is -

    Run-time error '1004'
    Unable to open

    Cannot locate the Internet server or proxy server

    How to go ahead with this?

    Reply
  9. Himanshu

    excellent tool!
    but i am getting a run time error. Error is -

    Run-time error '1004'
    Unable to open

    Cannot locate the Internet server or Proxy server

    Please let me know the way ahead.

    Reply
  10. bankimcn

    Unable to download data using Download the freefincal Excel Stock Screener. I was using it seemly feww weeks back but now, its not able to download complete set of data and request for relogin everytime. Has security feature changes in VR. Kindly check as it was very helpful DIY tool for my analysis.

    Reply
  11. Scott

    Hi, Great spreadsheet!
    Can the spreadsheet be modified to screen the Australian Stock market?
    Or What can I do to modify the spreadsheet to download stocks from Morningstar, Yahoo, Google, etc?

    Reply
  12. Navtej Thakkar

    Dear Sir, when I click to get data from Value Research, I am getting the following error "Run time error '1004'. That name is already taken. Try a different one" could you kindly advise how to move forward from here. I have already logged in VR website previously via excel.

    Reply
    1. freefincal

      I just checked now and it works fine. If you have cleared your cookies and other temp data then you will need to relogin again. First check if you are still logged in and check again.

      Reply
  13. Navtej Thakkar

    Ok Sir, will check again. thanks. btw, I was able to run the Mutual Funds Screener, there is one observation there. I have added in the comments section of that post. Thanks again

    Reply
  14. Pingback: Free Indian Stock Analysis Spreadsheet with MoneyControl Financials

  15. Nasir

    Good morning,
    First of all, thank you for providing such an amazing tool. My suggestion is that a column for ROCE will be very useful.

    Reply
  16. Shridhar B

    Dear sir, The stock screener is brilliantly done. It's very useful to sort according to requirements. Adding a ROCE or ROIC column to the screener would add to the utility. I can seen ROCE in the value-research website, so maybe it's possible to pull this data into the excel sheet. Could you kindly add this feature ?

    Thank you.

    Reply
    1. freefincal

      Thank you. The sheets fetches only the metrics listed in the table of stocks and I cannot find these there.

      Reply
  17. Ashish

    Sir, I have followed instructions but not able to view any data. Do I need to take completely blank workbook to begin with or do I need to create a blank worksheet in file 'freefincal-stock-screener-Jan-2016'? I tried both. I could log in to VR online through excel, but nothing happened later. Do I need to click on import data after dismissing all annoying scripts? I tried that too. I tried running macros also but can't run all of them in one go. Please help. Thanks

    Reply
  18. Venkatesh

    Hi Raja,
    can you please help me? None of the tabs are working for me.

    Regards,
    T Venkatesh

    Reply
  19. Venkatesh

    Hi,
    I logged into ValueResearchOnline and then came to the downloaded excel but receive only Run-time error '1004' Unable to open message.

    Can you please advice on how to proceed next?

    Regards,
    T Venkatesh

    Reply
  20. Shekhar

    Any particular reason that no data exists for established companies from the TATA group, Reliance, Wipro, Mahindra? Not one single important company's data is available even after updating the data while dubious entities like Winsome Diamonds find mention. What exactly is the point then dumping the data of worthless enterprises in which most prudent investors would not be interested anyway?

    Reply
    1. freefincal

      Learn to use the sheet before commenting! "Any particular reason that no data exists for established companies from the TATA group, Reliance, Wipro, Mahindra?" If you stare at a list of tiny/small market cap companies, they won't be there. Retrieve giant or large cap stocks from the sheet and then you will see them there.

      Reply
  21. Shekhar

    Thanks MOD for pointing out the obvious. Perhaps I was impetuous since I went straight to the data sheet as I thought cap selection tool was for screening the stocks and not so much for data download. My mistake entirely. Perhaps, you could consider adding a "All Stocks" option along with the Large, Mid , Small Giant & Tiny Caps that you have provided. Would spare some bother by downloading all stocks at one go instead of doing it separately as done now.
    Even so, a great effort. Many thanks.

    Reply

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