Nifty Conglomerate 50 PE Ratio
Valuation Percentile
Nifty Conglomerate 50's PB is cheaper than 97% of the last year.
Not enough history for a 5Y percentile, showing 1Y instead.
The Nifty Conglomerate 50 PE ratio is 20.20 as of 1 October 2026, about 28% below its 1-year median of 27.87, which places it in significantly undervalued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| 1 Year | 27.87 | -27.51% |
Historical PE Ratio
Series start. P/E is published from 29 Aug 2025. Index values go back to 1 Apr 2005.
Earnings
Index earnings are the profits behind the index level: the closing value divided by the P/E ratio, in index points. The line moves in steps because it changes only when trailing four-quarter profits are updated or the constituents change. Compare it with price to see whether a move came from earnings or from a change in what investors pay for them.
Nifty Conglomerate 50 earnings grew +37.72% a year over the last 1 year, while the index moved -2.69% a year and its P/E went from 28.6 to 20.2.
Earnings growth is annualised from the last trading day at or before the start of each window to 1 Oct 2026. Price growth uses the index level over the same two dates, excluding dividends. EPS is undefined on days with no published P/E, so those days are skipped. Past growth, not a forecast.
Performance and risk
View full performance and risk
Returns as of September 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 Metals & Mining (19.4%) and Financial Services (15.4%).
Recent changes
4 October 2026: Added Central Mine Planning & Design Institute Ltd., Coal India Ltd., Hindustan Zinc Ltd., Vedanta Aluminium Metal Ltd., Vedanta Ltd.. Removed Bajaj Housing Finance Ltd., Jubilant Foodworks Ltd., Jubilant Ingrevia Ltd., Jubilant Pharmova Ltd., Saregama India Ltd.
Constituent list as of 4 October 2026, sourced from NSE Indices. Weights as of 30 September 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 1 October 2026, the Nifty Conglomerate 50 PE ratio is 20.20. That is about 28% below its 1-year median of 27.87.
Is the Nifty Conglomerate 50 undervalued right now?
On a historical basis it screens as significantly undervalued. Its current PE of 20.20 sits below every median window: 1-year (27.87).
What is a normal PE ratio for the Nifty Conglomerate 50?
Over the past one year its median PE has been 27.87, and over the past six months 24.09. Today's 20.20 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 Metals & Mining (9 stocks), Financial Services (8 stocks) and Information Technology (5 stocks).
What returns has the Nifty Conglomerate 50 delivered?
As of September 2026, the Nifty Conglomerate 50 total return (with dividends reinvested) is +0.78% over the past year and +8.55% 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 September 2026, the Nifty Conglomerate 50 had an annualized volatility (standard deviation of daily returns) of 17.05%. Its beta versus the Nifty 50 is 1.20, meaning it has moved more than the broad market.
How fast have Nifty Conglomerate 50 earnings grown?
Nifty Conglomerate 50 earnings, measured as the index level divided by its P/E, grew +37.72% a year over the last 1 year, while the index itself moved -2.69% a year and its P/E fell from 28.58 to 20.20. Past growth, not a forecast.
Last updated: 1 October 2026.