Other Screens

Loss to Profit Companies

Loss to Profit Companies is a Other Screens screen. It checks every NSE-listed stock against 1 condition computed from nightly data, after excluding heavily pledged promoters and very small market caps. This page explains the rule, each figure and its source. It lists no stocks and is not advice.

What it does and why

Turnaround companies — businesses that were making losses and have moved to profitability — often offer the most dramatic re-ratings in the market. A company that was loss-making trades at a depressed valuation (or none at all, since PE is undefined for a loss-maker). When it crosses into profitability, two things happen simultaneously: the business is genuinely improving, and the valuation expands sharply because a PE ratio suddenly becomes applicable. This screener finds companies that have achieved that crossing in the most recent quarter. The risk is that the turnaround is fragile — one bad quarter can reverse it.

The rule, step by step

A stock must satisfy every condition below. Conditions are grouped under the pillar they test.

Turnaround

Loss-to-Profit Turnaround is true

Hard excludes

Promoter pledge above 30% of the promoter's holding
Market cap below ₹500 crore

Passes the screen

Ranked by Market Cap, highest first.

The figures it uses

Loss-to-Profit Turnaround

Used in a condition

Formula: True when the latest annual PAT is positive and the prior year PAT was negative
Input fields: pat
Source of record: FinEdge · /api/v1/financials/{symbol}?statement_code=pl&period=annual
Refresh: Recomputed nightly (06:30 IST job); rows older than 3 days are excluded from screens

Market Cap

Used for ranking

Formula: Close × paid-up equity shares ÷ 10,000,000 (₹ crore)
Input fields: close, paidUpEquityShares
Source of record: Upstox · public historical candles, NSE_EQ|{ISIN} (no auth)FinEdge · /api/v1/daily-quotes/{symbol} (fallback)FinEdge · /api/v1/shareholdings/summary/{symbol}?period=quarterly
Corporate actions: Adjusted for corporate actions before use
Refresh: Recomputed nightly (06:30 IST job); rows older than 3 days are excluded from screens

Promoter Pledge

Hard exclude input

Formula: Pledged shares as a share of the promoter's own holding: pledgedSharesPct ÷ promoter holding × 100; blank when the quarter is not listed
Input fields: pledgedSharesPct, promoter holding
Source of record: FinEdge · /api/v1/shareholdings/summary/{symbol}?period=quarterlyFinEdge · /api/v1/shareholdings/pattern/{symbol}?period=quarterly
Refresh: Recomputed nightly (06:30 IST job); rows older than 3 days are excluded from screens

What each figure means

Current Quarter PAT (₹ Cr)

Profit After Tax for the most recent quarter, in crores. A positive value confirms the company is currently profitable.

High is better

Prior Quarter PAT (₹ Cr)

Profit After Tax for the quarter immediately before the current one, in crores. Must be negative for this screener to classify the company as a turnaround.

The prior quarter must show a loss. If the prior quarter was already profitable, this is a sequential improvement screen, not a turnaround screen.

Low is better

PAT Margin (%)

Profit After Tax divided by revenue, expressed as a percentage. Measures how much of every rupee of revenue converts into net profit.

High is better

Try the rule

Type hypothetical values to see which conditions they satisfy. These are not real stocks and nothing here is stored.

Loss-to-Profit TurnaroundPromoter Pledge

Loss-to-Profit Turnaround is true—

Enter values to begin

A worked example

Loading the worked example…

Evidence

What the harness measured

no_verified_figureNot yet tested

We have not measured this screen yet, so there is no record to explain.

Live monitoring

Not yet testable — 5 of 6 points needed to chart a rolling information coefficient.

5-day IC -0.036 · signal date 2026-10-13 · n 4477
22-day IC -0.024 · signal date 2026-09-10 · n 3881

This is a historical, statistical measurement produced by FINOME TECHNOLOGIES PVT LTD's research harness on past data. It is not a prediction, and past results do not indicate future results. The universe is today's Nifty 500 constituents, so the sample is affected by survivorship bias. It describes how a screen's selections behaved in the past and does not constitute investment advice or a recommendation.

Run this screen

Rule version 1.0.0

1.0.0 · 2026-10-20 — First versioned rule: every screen's conditions, ordering and hard exclude were transcribed from the served definitions into one specification. No behaviour change.

Questions

How is this screen calculated?: Each stock is tested against 1 condition using figures computed from exchange prices and company filings, adjusted for corporate actions. The rule is versioned; this page shows version 1.0.0.
How often does the screen update?: The figures are recomputed once each trading day after the nightly compute. A stock whose figures are more than three days old is left out rather than shown stale.
Is this investment advice?: No. This is educational material describing a screening method. It does not recommend any security and does not consider your circumstances.

Educational use only — GoQuant is a research tool. This page explains a screening method and is not a recommendation. Investment advice is provided by FINOME TECHNOLOGIES PVT LTD (AltQube), SEBI-registered Investment Adviser, registration no. INA000018373, under a signed advisory agreement and after a risk profile. Past performance is not indicative of future results.