indexPe

Nifty Conglomerate 50 PE Ratio

Fairly ValuedThematicNSELast updated: 19 Aug 2026
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Current PE Ratio
23.65
6M Median PE
24.74
vs 6M Median
-4.41%

Valuation Percentile

Not enough history yet for a percentile.

The Nifty Conglomerate 50 PE ratio is 23.65 as of 19 August 2026, about 4% below its 6-month median of 24.74, which places it in fairly valued territory on a historical basis.

PE Ratio vs Historical Medians

PeriodMedian PECurrent vs Median
6 Months24.74-4.41%
3 Months24.11-1.91%

Historical PE Ratio

Performance and risk

1Y total return
+11.33%
5Y total return (p.a.)
+12.91%
Volatility (1Y std dev)
17.01%
Beta vs Nifty 50 (1Y)
1.21

1-year holding windows since 2005 returned a median of +12.04% (best +162.79%, worst -67.88%).

View full performance and risk

Returns as of July 2026, from the NSE factsheet for the Nifty Conglomerate 50. 1-year returns are absolute; 5-year returns are annualized.

Stocks in the Nifty Conglomerate 50

The Nifty Conglomerate 50 contains 50 constituents. Its largest sectors by weight are Financial Services (18.0%) and Metals & Mining (15.4%).

Financial Services: 18.0%Metals & Mining: 15.4%Automobile and Auto Components: 12.7%Information Technology: 10.9%Construction: 9.2%Construction Materials: 7.7%+12 more sectors
SymbolCompanyIndustryWeight(%)
LTLarsen & Toubro Ltd.Construction9.03
BAJFINANCEBajaj Finance Ltd.Financial Services8.30
M&MMahindra & Mahindra Ltd.Automobile and Auto Components8.23
TCSTata Consultancy Services Ltd.Information Technology6.55
TITANTitan Company Ltd.Consumer Durables5.46
TATASTEELTata Steel Ltd.Metals & Mining4.25
HINDALCOHindalco Industries Ltd.Metals & Mining3.83
ULTRACEMCOUltraTech Cement Ltd.Construction Materials3.82
BAJAJ-AUTOBajaj Auto Ltd.Automobile and Auto Components3.46
ADANIPORTSAdani Ports and Special Economic Zone Ltd.Services3.40
ADANIENTAdani Enterprises Ltd.Metals & Mining
ADANIGREENAdani Green Energy Ltd.Power
ADANIPOWERAdani Power Ltd.Power
ABCAPITALAditya Birla Capital Ltd.Financial Services
AMBUJACEMAmbuja Cements Ltd.Construction Materials
BAJAJFINSVBajaj Finserv Ltd.Financial Services
BAJAJHLDNGBajaj Holdings & Investment Ltd.Financial Services
BAJAJHFLBajaj Housing Finance Ltd.Financial Services
CESCCESC Ltd.Power
CGPOWERCG Power and Industrial Solutions Ltd.Capital Goods
CEATLTDCeat Ltd.Automobile and Auto Components
CHOLAHLDNGCholamandalam Financial Holdings Ltd.Financial Services
CHOLAFINCholamandalam Investment and Finance Company Ltd.Financial Services
COROMANDELCoromandel International Ltd.Chemicals
FSLFirstsource Solutions Ltd.Services
GODREJCPGodrej Consumer Products Ltd.Fast Moving Consumer Goods
GODREJINDGodrej Industries Ltd.Diversified
GODREJPROPGodrej Properties Ltd.Realty
GRASIMGrasim Industries Ltd.Construction Materials
JSWENERGYJSW Energy Ltd.Power
JSWINFRAJSW Infrastructure Ltd.Services
JSWSTEELJSW Steel Ltd.Metals & Mining
JSLJindal Stainless Ltd.Metals & Mining
JINDALSTELJindal Steel Ltd.Metals & Mining
JUBLFOODJubilant Foodworks Ltd.Consumer Services
JUBLINGREAJubilant Ingrevia Ltd.Chemicals
JUBLPHARMAJubilant Pharmova Ltd.Healthcare
KECKec International Ltd.Construction
LTFL&T Finance Ltd.Financial Services
LTTSL&T Technology Services Ltd.Information Technology
LTMLTM Ltd.Information Technology
M&MFINMahindra & Mahindra Financial Services Ltd.Financial Services
PCBLPCBL Chemical Ltd.Chemicals
SAREGAMASaregama India LtdMedia Entertainment & Publication
TMCVTata Motors Ltd.Capital Goods
TECHMTech Mahindra Ltd.Information Technology
TRENTTrent Ltd.Consumer Services
TIINDIATube Investments of India Ltd.Automobile and Auto Components
IDEAVodafone Idea Ltd.Telecommunication
ZENSARTECHZensar Technolgies Ltd.Information Technology

Constituent list as of 16 August 2026, sourced from NSE Indices. Weights as of 31 July 2026, from the NSE factsheet.

How this index works

Selection
The Nifty Conglomerate 50 Index aims to track the performance of 50 stocks from the Nifty 500 Index that represent India’s major Conglomerates. The largest stocks from each Indian Conglomerate group in Nifty 500 are selected based on their 6-month average free float market capitalization.
Weight cap
At the time of rebalancing of shares/ change in index constituents/ change in investable weight factors (IWFs), the weightage of the index constituent (where applicable) is capped at 10%.

Summarised from NSE's official methodology document (PDF) for the Nifty Conglomerate 50; the PDF is authoritative.

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Frequently Asked Questions

What is the current Nifty Conglomerate 50 PE ratio?

As of 19 August 2026, the Nifty Conglomerate 50 PE ratio is 23.65. That is about 4% below its 6-month median of 24.74.

What is a normal PE ratio for the Nifty Conglomerate 50?

Over the past six months its median PE has been 24.74, and over the past three months 24.11. Today's 23.65 is toward the lower end of that historical range.

How many stocks are in the Nifty Conglomerate 50?

The Nifty Conglomerate 50 contains 50 stocks. By number of companies, its largest sectors are Financial Services (9 stocks), Metals & Mining (6 stocks) and Information Technology (5 stocks).

What returns has the Nifty Conglomerate 50 delivered?

As of July 2026, the Nifty Conglomerate 50 total return (with dividends reinvested) is +11.33% over the past year and +12.91% annualized over the past five years. One-year figures are absolute; multi-year figures are annualized (CAGR). Data from the NSE factsheet.

How volatile is the Nifty Conglomerate 50?

Over the year to July 2026, the Nifty Conglomerate 50 had an annualized volatility (standard deviation of daily returns) of 17.01%. Its beta versus the Nifty 50 is 1.21, meaning it has moved more than the broad market.

What is a typical one-year return for the Nifty Conglomerate 50?

Across every one-year holding window since 2005, the Nifty Conglomerate 50 total return has a median of +12.04%, with the best window at +162.79% and the worst at -67.88%. Based on NSE Total Returns Index data; a past distribution, not a prediction.

Last updated: 19 August 2026.