indexPe

Nifty India Railways PSU PE Ratio

Moderately UndervaluedThematicNSELast updated: 1 Oct 2026
Select Metric:
Current PE Ratio
19.99
1Y Median PE
22.73
vs 1Y Median
-12.04%

Valuation Percentile

Nifty India Railways PSU's PB is cheaper than 100% 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 Railways PSU PE ratio is 19.99 as of 1 October 2026, about 12% below its 1-year median of 22.73, which places it in moderately undervalued territory on a historical basis.

PE Ratio vs Historical Medians

PeriodMedian PECurrent vs Median
1 Year22.73-12.04%

Historical PE Ratio

Series start. P/E is published from 19 Nov 2024. Index values go back to 1 Apr 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 Railways PSU index earnings (EPS, index points)

Nifty India Railways PSU earnings grew +0.90% a year over the last 1 year, while the index moved -26.67% a year and its P/E went from 27.5 to 20.0.

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 Railways PSU

1 ETF and 1 index fund track this index. Prices and NAVs as of 1 Oct 2026.

ETFs (1)

ETFSymbolPriceNAVPremium1Y
Groww Nifty India Railways PSU ETFGROWWRAIL26.34---26.48%

Index funds (1)

FundAMCNAVSince
Groww Nifty India Railways PSU Index FundGroww Asset Management Limited7.081 Oct 20262025

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

Performance and risk

1Y total return
-23.46%
5Y total return (p.a.)
+15.97%
Volatility (1Y std dev)
21.65%
Beta vs Nifty 50 (1Y)
1.16

View full performance and risk

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

Stocks in the Nifty India Railways PSU

The Nifty India Railways PSU contains 17 constituents. Its largest sectors by weight are Construction (21.9%) and Financial Services (20.0%).

Construction: 21.9%Financial Services: 20.0%Services: 18.7%Consumer Services: 16.7%Capital Goods: 7.2%Oil, Gas & Consumable Fuels: 6.4%+3 more sectors
SymbolCompanyIndustryWeight(%)
IRFCIndian Railway Finance Corporation Ltd.Financial Services20.02
CONCORContainer Corporation of India Ltd.Services18.74
RVNLRail Vikas Nigam Ltd.Construction13.89
NTPCNTPC Ltd.Power5.30
BELBharat Electronics Ltd.Capital Goods4.80
IRCONIRCON International Ltd.Construction4.63
RITESRITES Ltd.Construction3.40
ONGCOil & Natural Gas Corporation Ltd.Oil Gas & Consumable Fuels3.03
RAILTELRailtel Corporation Of India Ltd.Telecommunication2.82
BEMLBEML Ltd.Capital Goods
BHELBharat Heavy Electricals Ltd.Capital Goods
BPCLBharat Petroleum Corporation Ltd.Oil Gas & Consumable Fuels
HINDPETROHindustan Petroleum Corporation Ltd.Oil Gas & Consumable Fuels
ITIITI Ltd.Telecommunication
IRCTCIndian Railway Catering And Tourism Corporation Ltd.Consumer Services
MRPLMangalore Refinery & Petrochemicals Ltd.Oil Gas & Consumable Fuels
SAILSteel Authority of India Ltd.Metals & Mining

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 Limited provides a variety of indices and index related services and products for the Indian capital markets.
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 Railways PSU; the PDF is authoritative.

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Frequently Asked Questions

What is the current Nifty India Railways PSU PE ratio?

As of 1 October 2026, the Nifty India Railways PSU PE ratio is 19.99. That is about 12% below its 1-year median of 22.73.

Is the Nifty India Railways PSU undervalued right now?

On a historical basis it screens as moderately undervalued. Its current PE of 19.99 sits below every median window: 1-year (22.73).

What is a normal PE ratio for the Nifty India Railways PSU?

Over the past one year its median PE has been 22.73, and over the past six months 21.52. Today's 19.99 is toward the lower end of that historical range.

How many stocks are in the Nifty India Railways PSU?

The Nifty India Railways PSU contains 17 stocks. By number of companies, its largest sectors are Oil Gas & Consumable Fuels (4 stocks), Capital Goods (3 stocks) and Construction (3 stocks).

What returns has the Nifty India Railways PSU delivered?

As of September 2026, the Nifty India Railways PSU total return (with dividends reinvested) is -23.46% over the past year and +15.97% 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 Railways PSU?

Over the year to September 2026, the Nifty India Railways PSU had an annualized volatility (standard deviation of daily returns) of 21.65%. Its beta versus the Nifty 50 is 1.16, meaning it has moved more than the broad market.

How fast have Nifty India Railways PSU earnings grown?

Nifty India Railways PSU earnings, measured as the index level divided by its P/E, grew +0.90% a year over the last 1 year, while the index itself moved -26.67% a year and its P/E fell from 27.50 to 19.99. Past growth, not a forecast.

Last updated: 1 October 2026.