indexPe

Nifty India Internet PE Ratio

Significantly UndervaluedThematicNSELast updated: 1 Oct 2026
Select Metric:
Current PE Ratio
140.05
1Y Median PE
179.27
vs 1Y Median
-21.88%

Valuation Percentile

Nifty India Internet's PB is cheaper than 88% of the last year.

Not enough history for a 5Y percentile, showing 1Y instead.

As of 1 Oct 2026 ยท 1Y daily data (246 obs)

The Nifty India Internet PE ratio is 140.05 as of 1 October 2026, about 22% below its 1-year median of 179.27, which places it in significantly undervalued territory on a historical basis.

PE Ratio vs Historical Medians

PeriodMedian PECurrent vs Median
1 Year179.27-21.88%

Historical PE Ratio

Series start. P/E is published from 25 Feb 2025. Index values go back to 1 Oct 2021.

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 India Internet index earnings (EPS, index points)

Nifty India Internet earnings grew -12.75% a year over the last 1 year, while the index moved -6.31% a year and its P/E went from 130.4 to 140.1.

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.

Ways to invest in Nifty India Internet

2 ETFs and 0 index funds track this index. Prices and NAVs as of 1 Oct 2026.

ETFs (2)

ETFSymbolPriceNAVPremium1Y
Groww Nifty India Internet ETFGROWWNET10---6.46%
Mirae Asset Nifty India Internet ETFINTERNET13.25---6.85%

Listed for information only, not a recommendation. Check expense ratio and tracking difference before investing.

Performance and risk

1Y total return
-3.02%
5Y total return (p.a.)
-
Volatility (1Y std dev)
22.09%
Beta vs Nifty 50 (1Y)
1.19

View full performance and risk

Returns as of September 2026, from the NSE factsheet for the Nifty India Internet. 1-year returns are absolute; 5-year returns are annualized.

Stocks in the Nifty India Internet

The Nifty India Internet contains 24 constituents. Its largest sectors by weight are Consumer Services (61.3%) and Financial Services (37.0%).

Consumer Services: 61.3%Financial Services: 37.0%Media, Entertainment & Publication: 1.7%

Recent changes

4 October 2026: Removed Crizac Ltd., RattanIndia Enterprises Ltd., Seshaasai Technologies Ltd..

SymbolCompanyIndustryWeight(%)
ETERNALEternal Ltd.Consumer Services19.72
PAYTMOne 97 Communications Ltd.Financial Services14.30
NAUKRIInfo Edge (India) Ltd.Consumer Services9.35
NYKAAFSN E-Commerce Ventures Ltd.Consumer Services8.67
POLICYBZRPB Fintech Ltd.Financial Services7.47
SWIGGYSwiggy Ltd.Consumer Services7.44
GROWWBillionbrains Garage Ventures Ltd.Financial Services5.21
MEESHOMeesho Ltd.Consumer Services4.13
ANGELONEAngel One Ltd.Financial Services3.54
MOTILALOFSMotilal Oswal Financial Services Ltd.Financial Services3.12
CCAVENUEAvenuesAI Ltd.Financial Services
FIRSTCRYBrainbees Solutions Ltd.Consumer Services
CARTRADECartrade Tech Ltd.Consumer Services
IIFLCAPSIIFL Capital Services Ltd.Financial Services
INDIAMARTIndiamart Intermesh Ltd.Consumer Services
IRCTCIndian Railway Catering And Tourism Corporation Ltd.Consumer Services
JUSTDIALJustdial Ltd.Consumer Services
IXIGOLe Travenues Technology Ltd.Consumer Services
NAZARANazara Technologies Ltd.Media Entertainment & Publication
PWLPhysicswallah Ltd.Consumer Services
PINELABSPine Labs Ltd.Financial Services
TBOTEKTBO Tek Ltd.Consumer Services
THOMASCOOKThomas Cook (India) Ltd.Consumer Services
URBANCOUrban Company Ltd.Consumer Services

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
NSE Indices has developed the Nifty India Internet Index which aims to track the performance of the companies from Nifty Total Market that conduct business largely through online platforms. The weight of each stock in the index is based on its 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 India Internet; the PDF is authoritative.

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Frequently Asked Questions

What is the current Nifty India Internet PE ratio?

As of 1 October 2026, the Nifty India Internet PE ratio is 140.05. That is about 22% below its 1-year median of 179.27.

Is the Nifty India Internet undervalued right now?

On a historical basis it screens as significantly undervalued. Its current PE of 140.05 sits below every median window: 1-year (179.27).

What is a normal PE ratio for the Nifty India Internet?

Over the past one year its median PE has been 179.27, and over the past six months 157.25. Today's 140.05 is toward the lower end of that historical range.

How many stocks are in the Nifty India Internet?

The Nifty India Internet contains 24 stocks. By number of companies, its largest sectors are Consumer Services (15 stocks), Financial Services (8 stocks) and Media Entertainment & Publication (1 stock).

What returns has the Nifty India Internet delivered?

As of September 2026, the Nifty India Internet total return (with dividends reinvested) is -3.02% over the past year. One-year figures are absolute; multi-year figures are annualized (CAGR). Data from the NSE factsheet.

How volatile is the Nifty India Internet?

Over the year to September 2026, the Nifty India Internet had an annualized volatility (standard deviation of daily returns) of 22.09%. Its beta versus the Nifty 50 is 1.19, meaning it has moved more than the broad market.

How fast have Nifty India Internet earnings grown?

Nifty India Internet earnings, measured as the index level divided by its P/E, grew -12.75% a year over the last 1 year, while the index itself moved -6.31% a year and its P/E rose from 130.44 to 140.05. Past growth, not a forecast.

Last updated: 1 October 2026.