Joel Greenblatt's Magic Formula ranks companies that combine a high return on capital (quality) with a high earnings yield (cheap price). The lower the combined rank, the better the company scores on both.
The Combined Rank is the sum of a company's ROIC rank
and earnings-yield rank — a lower number means it ranks well on both
quality and value. Market cap and prices are in ₹. This list includes
only companies with a
market capitalisation above ₹20,000 Cr. Data is for
informational and educational purposes only and is not investment
advice. Always do your own research.
Last updated: 25th June 2026.