Nifty India Manufacturing PE Ratio
Valuation Percentile
Nifty India Manufacturing's PB is cheaper than 53% of the last 5 years.
The Nifty India Manufacturing PE ratio is 28.55 as of 20 August 2026, about 7% above its 5-year median of 26.70, which places it in slightly overvalued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| 5 Years | 26.70 | +6.93% |
| 3 Years | 28.13 | +1.49% |
| 1 Year | 27.96 | +2.11% |
Historical PE Ratio
Performance and risk
1-year holding windows since 2005 returned a median of +12.72% (best +183.99%, worst -63.95%).
View full performance and risk
Returns as of July 2026, from the NSE factsheet for the Nifty India Manufacturing. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the Nifty India Manufacturing
The Nifty India Manufacturing contains 76 constituents. Its largest sectors by weight are Automobile and Auto Components (26.9%) and Capital Goods (23.5%).
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
- ‘Nifty India Manufacturing’ Index aims to track the performance of the companies selected from the combined universe of Nifty 100, Nifty Midcap 150 and Nifty Smallcap 50 index based on 6 month average free-float market capitalisation within the eligible basic industries that broadly represent
- 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 Manufacturing; the PDF is authoritative.
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Frequently Asked Questions
What is the current Nifty India Manufacturing PE ratio?
As of 20 August 2026, the Nifty India Manufacturing PE ratio is 28.55. That is about 7% above its 5-year median of 26.70 and about 2% above its 1-year median of 27.96.
Is the Nifty India Manufacturing undervalued right now?
On a historical basis it screens as slightly overvalued. Its current PE of 28.55 sits above every median window: 1-year (27.96), 3-year (28.13) and 5-year (26.70).
What is a normal PE ratio for the Nifty India Manufacturing?
Over the past five years its median PE has been 26.70, and over the past three years 28.13. Today's 28.55 is toward the upper end of that historical range.
How many stocks are in the Nifty India Manufacturing?
The Nifty India Manufacturing contains 76 stocks. By number of companies, its largest sectors are Capital Goods (23 stocks), Automobile and Auto Components (15 stocks) and Healthcare (11 stocks).
What returns has the Nifty India Manufacturing delivered?
As of July 2026, the Nifty India Manufacturing total return (with dividends reinvested) is +15.78% over the past year and +17.78% 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 Manufacturing?
Over the year to July 2026, the Nifty India Manufacturing had an annualized volatility (standard deviation of daily returns) of 15.72%. Its beta versus the Nifty 50 is 1.04, meaning it has moved roughly in line with the broad market.
What is a typical one-year return for the Nifty India Manufacturing?
Across every one-year holding window since 2005, the Nifty India Manufacturing total return has a median of +12.72%, with the best window at +183.99% and the worst at -63.95%. Based on NSE Total Returns Index data; a past distribution, not a prediction.
Last updated: 20 August 2026.