Zerodha Screener Review

Zerodha is India’s largest discount broker having more than 2.6 million active clients. Zerodha has another platform named Small case which has launched a screener in 2017 but later it became a part of a different platform named Ticker Tape

The Zerodha Screener was launched by Small case and was renamed “Ticker Tape”.

Ticker Tape-

Ticker tape is the most powerful Screener software that is out there. It includes more than 70 screens and filters that can be used to find the best stocks, Mutual funds & ETF’s for investment.

This screener was originally made mainly for the people who had a particular sector or theme in the notice but were unable to find the right stocks or ETFs to invest in that particular theme.

For example-

One knows that the Renewable or Green energy sector is going to boom in the upcoming years but does not know which stocks to buy for that specific industry.

If one needs to identify some Fundamentally good Large or Mid-caps stocks.

For these reasons, Ticker tape helps you to find the sectors or specific Market cap stocks very easily.

You can also create your own screen by adding or editing the pre-existing screens to find out the stocks according to your own need.

Some Features of Ticker Tape-

• Wide Range of Tools- Ticker Tape has a wide range of tools to screen tools such as “Stock Universe” that include Nifty50, Nifty100, etc, Sector, Market Cap, Closing Price, PE ratio, and many more.

• Choose & Modify Screens- One can further modify the parameters of the above fields according to their needs. There is also a selection of “Low” “Medium” & “High” by default that can be chosen by one.

• Expected & Future Predictions- In the PRO version of Tickertape, the Future expected earnings, Revenue, and Cashflow are shown. It can be a huge deal when doing Fundamental analysis of any stock both for beginners as well as the Advance level of Fundamental Analysis.

• Ratings & Price Target- Tickertape provides the ratings of different well-known brokers for a particular stock along with the price target for that stock. By this feature, one can identify stocks with huge upside potential at the right time.

• Ownership Analysis- Tickertape provides a detailed analysis of the change in Ownership structure. It tells the % in which FII’s, Mutual Funds, Domestic Institutions, and Retail Individual increased or decreased their positions in any stock for every quarter.

• Comparison- The stocks of a particular sector can be compared on the basis of various financial ratios such as PE (Price to earnings) ratio, PB (Price to Book Value), Dividend yield. This helps the investor to choose the most attractive stock in comparison to its peers.

• Multiple Financial Ratios- In this screener, you will get access to all the necessary Profitability and Financial Ratios that are necessary for fundamental analysis like Quick Ratio, Asset Turnover Ratio, Inventory Turnover Ratio, and lots of such Ratios.

• Personalized Screens- One can create their own screens by adding various factors and ratios in them and can access them anytime they login into their account using their credentials.

• Data Transfer- Ticker tape allows its users to copy and transfer the data of the financials of any company or any other data to any external platform to store or analyze it further.

• Income Statements- All the annual reports and quarterly earnings are provided by Ticker tape in the same

• Access in Derivatives- Ticker Tape also provides many screens that can be used in the derivatives space as well. There are F&O screens such as Option Long Build up, Future Short Build up, etc. These screens are pre-set based on certain parameters and can be changed according to one’s needs.

• Tickertape Special Ranking- Tickertape provides its own ranking for stocks ranging from 1-100. The ranking is based on- Price Momentum, Earnings Quality, Price to Intrinsic Value, Fundamental score, etc.

Now that we have seen most of the main features of this screener, let's look at some more aspects of this Screener.

Tickertape provides many more functions to its users like ETFs (Exchange Traded Funds) and Mutual Funds. One can also view and track Indices in the same platform.

The detailed information about the NAV (Net Asset Value), Tracking error, Expense Ratio is given here. One can even compare one Mutual Fund or an ETF directly to its peers with any number of parameters.

Usability-

In terms of usability, Tickertape is one of the simplest yet the most informative and detailed screeners out there. The UI (User Interface) is very simple and there is no Important screener or Financial Ratio missing. One will find more than what they need for Fundamental analysis of any stock. The feature of Expected Earnings, Growth is a bonus feature and is not seen in all Screeners. This feature can make Fundamental analysis very simple.

Any new investor can find the stock to invest using the pre-existing screens that filter out the stocks that meet the criteria for those filters based on the present market condition.

Extra Perks-

Tickertape provides some extra perks to its users, they are-

• Blogs- Ticker tape provides various kinds of blogs that are accessible for free for its users. Topics related to IPO’s, Insurance, Finance, Current Events, Stock Stories, etc are covered in detail.

• Learning- There is a separate learning section where new investors can learn a lot about the basics of investing and many other topics.

• Shortcode- People who know to code can create their own codes that can be used to build a customized Stock screen or a markup for certain features.

Conclusion-

All the following features make Tickertape an ideal platform for beginners as well as pro investors to do their fundamental as well as Technical analysis. The best feature of Ticker tape is to filter stocks based on the sector or a particular theme. This helps investors to save a lot of time finding companies Sector or Industry-specific.

The other features like access to Blogs, ETF’s, Mutual Funds, Derivatives are like the cherry on top. This makes Ticker tape the ideal destination for all Investors and traders.