Other Screens
Mahesh Kaushik Conservative Value is a Other Screens screen. It checks every NSE-listed stock against 5 conditions computed from nightly data, with no extra exclusions. This page explains the rule, each figure and its source. It lists no stocks and is not advice.
This screen looks for small, fast-growing, conservatively financed companies that their promoters own and control. It is named for Mahesh Kaushik's value-investing approach and follows the rule GoQuant serves, not the full framework. A stock must have a market cap below ₹500 crore, profit after tax compounding faster than 25% a year over three years, debt below 0.3 times equity, and promoters holding more than 50%, with any promoter pledge no higher than 30%. Small size leaves room to grow, the profit growth shows it is happening, low debt limits the downside, and high promoter ownership aligns insiders with minority shareholders. Because the companies are small, trading can be thin and figures can swing sharply.
A stock must satisfy every condition below. Conditions are grouped under the pillar they test.
Small Size
Profit Growth
Financial Health
Promoter Ownership
Ranked by PAT CAGR (3Y), highest first.
Market Cap (₹ crore)
Share price multiplied by paid-up equity shares, in rupees crore.
The screen requires a market cap below ₹500 crore. It deliberately skips the usual ₹500 crore float floor, because small size is the point.
Low is better
Profit Growth, 3-Year CAGR (%)
Compound annual growth rate of profit after tax between the latest annual figure and the one three years earlier.
The screen requires more than 25% a year. A starting profit that is zero or negative leaves the rate undefined, so such a stock does not qualify.
High is better
Debt-to-Equity Ratio
Total debt divided by total equity from the latest annual balance sheet.
The screen requires a ratio below 0.3, so debt is under a third of equity.
Low is better
Promoter Holding (%)
Promoter share of equity in the latest quarterly shareholding pattern.
The screen requires more than 50%, so promoters hold a majority.
High is better
Promoter Pledge (%)
Pledged shares as a share of the promoter's own holding.
A stock qualifies when no pledge is on record or the pledge is no more than 30%.
Low is better
Type hypothetical values to see which conditions they satisfy. These are not real stocks and nothing here is stored.
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How many stocks pass if this threshold were set differently. Counts only; no stocks are named.
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We have not measured this screen yet, so there is no record to explain.
Not yet testable — 5 of 6 points needed to chart a rolling information coefficient.
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.
Rule version 1.0.0