Nifty India Defence Equal Weight PE Ratio
Valuation Percentile
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PE Ratio vs Historical Medians
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Historical PE Ratio
Series start. P/E is published from 11 Aug 2026. Index values go back to 2 Apr 2018.
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.
Earnings growth is annualised from the last trading day at or before the start of each window. 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 India Defence Equal Weight. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the Nifty India Defence Equal Weight
The Nifty India Defence Equal Weight contains 19 constituents. Its largest sectors by weight are Capital Goods (91.2%) and Chemicals (4.5%).
Constituent list as of 18 October 2026, sourced from NSE Indices. Weights as of 30 September 2026, from the NSE factsheet.
How this index works
- Universe
- 1. Companies should form part of Nifty 500 at the time of review. 2. In case of reconstitution of child indices, latest index composition including most recent changes in respective parent index whether announced or yet to be announced shall be considered.
- Selection
- The Nifty India Defence Equal Weight Index comprises of the constituents forming part of Nifty India Defence Index (free float market capitalization-based Index). The Nifty India Defence index aims to track the performance of portfolio of stocks that broadly represent the Defence theme.
- Rebalanced
- Semi-annually. The review of these indices is undertaken semi-annually based on data for six months ending January and July.
- Weight cap
- Index, stock weights are capped at 20% each.
Summarised from NSE's official methodology document (PDF) for the Nifty India Defence Equal Weight; the PDF is authoritative.
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Frequently Asked Questions
How many stocks are in the Nifty India Defence Equal Weight?
The Nifty India Defence Equal Weight contains 19 stocks. By number of companies, its largest sectors are Capital Goods (17 stocks), Automobile and Auto Components (1 stock) and Chemicals (1 stock).
What returns has the Nifty India Defence Equal Weight delivered?
As of September 2026, the Nifty India Defence Equal Weight total return (with dividends reinvested) is +39.21% over the past year and +54.66% 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 India Defence Equal Weight?
Over the year to September 2026, the Nifty India Defence Equal Weight had an annualized volatility (standard deviation of daily returns) of 27.45%. Its beta versus the Nifty 50 is 1.22, meaning it has moved more than the broad market.
How often is the Nifty India Defence Equal Weight rebalanced?
The Nifty India Defence Equal Weight is rebalanced semi-annually. The review of these indices is undertaken semi-annually based on data for six months ending January and July. Details are in the official NSE methodology document.
Last updated: 16 October 2026.