CANSLIM & Growth

CANSLIM C + Piotroski Combined

CANSLIM C + Piotroski Combined is a CANSLIM & Growth screen. It checks every NSE-listed stock against 2 conditions 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

A strong quarterly earnings result gets attention, but earnings acceleration alone does not distinguish a genuinely improving business from one that gamed a low base or benefited from a one-time item. The Piotroski F-Score provides the balance sheet and cash flow discipline check that the CANSLIM C criterion ignores: profitability, leverage trajectory, liquidity, and operational efficiency are all embedded in the nine binary criteria. Combining CANSLIM C (latest quarter EPS YoY growth above 25%) with a Piotroski score above 5.5 creates a screen where earnings momentum is filtered by financial quality. Neither the standalone quarterly_growers screen nor the standalone piotroski screen captures this intersection — the combination is the signal.

The rule, step by step

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

Earnings Growth (CANSLIM C)

EPS Growth YoY (Quarter) ≥ 25

Financial Health (Piotroski F-Score)

Piotroski F-Score ≥ 6

Hard excludes

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

Passes the screen

Ranked by EPS Growth YoY (Quarter), highest first.

The figures it uses

EPS Growth YoY (Quarter)

Used in a condition

Formula: (Latest quarter EPS − same quarter a year earlier) ÷ that earlier EPS × 100, earlier EPS positive
Input fields: eps
Source of record: FinEdge · /api/v1/financials/{symbol}?statement_code=pl&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

Piotroski F-Score

Used in a condition

Formula: Number of the nine Piotroski tests passed, 0 to 9
Input fields: pat, total assets, cfo, long-term debt, current ratio, paidUpEquityShares, gross profit, revenue
Source of record: FinEdge · /api/v1/financials/{symbol}?statement_code=pl&period=annualFinEdge · /api/v1/financials/{symbol}?statement_code=bs&period=annualFinEdge · /api/v1/financials/{symbol}?statement_code=cf&period=annualFinEdge · /api/v1/shareholdings/summary/{symbol}?period=quarterly
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

Market Cap

Hard exclude input

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

What each figure means

Latest Quarter EPS YoY Growth (%)

Percentage change in EPS from the same quarter in the prior year to the most recent reported quarter. EPS computed as continuing operations PAT divided by paid-up equity shares: eps_continuing = (profitLossForPeriod - profitLossFromDiscontinuedOperationsAfterTax) / paidUpEquityShares. paidUpEquityShares sourced from FinEdge shareholdings/summary endpoint matched by quarter. Screen threshold: above 25%.

High is better

Piotroski F-Score

Sum of 9 binary (0/1) criteria across three domains: profitability (ROA positive, CFO positive, ROA improving, accruals low), leverage/liquidity (leverage declining, current ratio improving, no dilution), and operating efficiency (gross margin improving, asset turnover improving). Maximum score: 9. Screen threshold: above 5.5 (i.e., score of 6 or higher).

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.

EPS Growth YoY (Quarter)Piotroski F-ScorePromoter PledgeMarket Cap

EPS Growth YoY (Quarter) ≥ 25—
Piotroski F-Score ≥ 6—

Enter values to begin

How sensitive is it?

How many stocks pass if this threshold were set differently. Counts only; no stocks are named.

Threshold to vary

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

5-day IC -0.079 · signal date 2026-10-14 · n 4447
22-day IC -0.044 · signal date 2026-09-12 · n 3840

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 2 conditions 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.