Traders often judge a stock's potential just by glancing at what happened during the day. To dig deeper, our natural instinct is to open the chart.
While this ‘one-by-one’ analysis works for picking individual stocks, it becomes hard when you try to analyse a list of companies. You cannot open 50 charts at once to see how the Auto sector is doing compared to IT. It is limiting. In trading, being slow is expensive.
That is why we built Heatmaps to solve this.
It is a tool for multi-dimensional analysis. Instead of analysing stocks one by one, Heatmaps let you scan the entire Nifty 500 in a single glance. All the analysis happens in seconds on real-time data, so you can spot the outliers, the clusters, and the trends instantly.
How a Heatmap works
A heatmap turns the numbers into a visual map. It uses two simple dimensions to tell you a story:
Size (Magnitude): This isn't just about market cap. You can set this to Net Profit, Cash Flow, or even ROE. A bigger block means more of that metric.
Colour (Intensity): This tells you if the stock is "Good" or "Bad" based on the parameter you choose (like Returns or Valuation).
When you see the market this way, you don't need to do calculations in your head.
If you see a massive green block in Finance, you know the heavyweights are lifting the market. If you see a cluster of deep red in IT, you know the whole sector is under pressure, not just one stock.
The best part is that you can fully customise what you wish to see.
Where to find it
Go to Markets > Analytics > Heatmap. The layout is exactly the same on both Web and App.
1. Select the Universe
First, you need to decide what group of stocks you want to analyse. The Universe filter lets you pick this.
Indices You can look at the broad market (Nifty 500) or specific sectors (Nifty Bank, Auto, Realty).
Thematic This helps you track specific themes like "Nifty CPSE" (Public Sector Enterprises) or "Nifty MNC" without creating a manual watchlist.
My Stocks This is where the personalisation comes in. You can select a watchlist that you had created. Or, you can visualise the Positions or Holdings from your Portfolio.
Now, your portfolio is not just a P&L. You can customise it based on different parameters to instantly see if your money is concentrated in one big red block, or if your profits are coming from many different stocks.
2. Choose the Block Size
In a normal watchlist, there is hardly any difference between a small company and Reliance. This can be misleading because it treats every stock equally. In Heatmaps, you decide what matters.
We have packed over 40+ parameters into this menu. You can choose from broad categories like:
Annual Financials: Look at the sheer scale of the business. You can size blocks by Net Sales, Net Profit, Total Assets, or even Cash from Operations.
Returns: This is where you find Market Cap. Use this to see which stocks are the most valuable. You can also size by returns over different timeframes (1Y, 3Y, 5Y).
Growth Ratios: Find the movers. Size blocks by Sales Growth, EBITDA Growth, or EPS Growth. This highlights the fastest-growing companies, making them stand out even if they are currently small.
Margins & Profitability: Let efficiency drive the view. Size by ROE, ROCE, Operating Margins, or Net Margins.
Liquidity & Solvency: Visualize balance sheet health using metrics like Current Ratio, Quick Ratio, or Interest Coverage Ratio.
Quarterly Metrics: Perfect for earnings season. Size blocks by recent Quarterly Net Sales, EBIT, or Net Profit to see who posted the biggest numbers this quarter.
3. Choose the Signal (Block Colour)
This is where you spot the opportunity. You choose the parameter that determines the colour of the block.
While Block Size is about "How Big," Block Colour is about "How Good." You can choose from these categories:
Returns: This is the most common view. Select 1 Day, 1 Week, or 1 Year Returns to see Price Momentum. Green means the price is up; Red means it is down.
Valuation: Spot cheap or expensive stocks using PE Ratio, Price to Sales, or EV/EBITDA.
Note: We flipped the logic here to match intuition. Usually, Green means "High". But for valuations, a lower number is better (cheaper). So, a stock with a low PE will show up as Green, and an expensive stock will show up as Red.
Margins & Profitability: Find quality businesses. Colour blocks by ROE (Return on Equity) or Operating Margin. Green here means high efficiency.
Growth: See who is accelerating. Colour by Sales Growth or Net Profit Growth. Deep Green means the company is growing fast; Red means it is slowing down.
Liquidity: Check for financial stress by colouring blocks based on Current Ratio or Debt-to-Equity.
4. Adjust the intensity (Heat Multiplier)
Sometimes, the market is very flat, or you might have a different definition of "good" than the market average. The Heat Multiplier lets you fully customise the logic behind the colours.
Change the Baseline: You can edit the default baseline value set by FYERS for each data point.
Example: By default, we might set the baseline for ROE at 12%. This means stocks with ROE > 12% are Green, and < 12% are Red.
Customisation: If you are a strict investor, you can change this to 15%. Now, stocks with ROE > 15% will turn Green, stocks below 15% will be Red, and those close to 15% will stay Grey.
Change the Sensitivity: You can also control how "intense" the colours are using three presets:
Balanced: The default view.
High Sensitivity: Even a small deviation from your baseline will show up as bright Green or deep Red. Use this when the market is flat or boring.
Low Sensitivity: Only massive deviations will trigger bright colours. Use this to filter out noise during volatile markets.
How to navigate
We have made it easy to move from a bird’s eye view to specific details without losing your place.
Hover: Simply hover your mouse over a block to see the parameter values and the full symbol name.
Zoom in: In a large index like Nifty 500, some blocks are very tiny. Just click on any cluster of small blocks. The map will zoom in and open that particular section to further drill down.
Drill down: If you want to focus only on a sub-sector, click the header strip. For example, clicking "Finance - NBFC" will hide everything else and show you only the NBFC stocks.
Get details: If you find a stock interesting, click the symbol name inside the block. It opens the Symbol Details panel where you can check the chart and place an order directly.
Real-world examples
1. Spot the strongest Midcaps: If you want to find midcap companies that generate high cash and are growing their operating profits, set the Universe to Nifty Midcap 100. Choose Cash from Operations for Block Size and EBIT Growth % for Colour.
Now, just look for the Big Green Blocks. These are cash-rich companies (Big Size) that are growing their core business fast (Green Colour).
2. Analyse your Watchlist instantly: To see which stocks in your list have high earnings growth but are cheap, select your Watchlist. Set the Block Size to EPS Growth YoY and Colour to PE Ratio.
Look for the Big Green Blocks. Since we flip the logic for PE, a big green block means the company has massive earnings growth (Size) but is trading at a cheap valuation (Colour).
Try it today
Next time you log in to FYERS, skip the standard watchlist for a moment. Go to Markets > Analytics > Heatmap. It is a much faster way to read the market.