indexPe

Nifty Infrastructure PE Ratio

Slightly OvervaluedThematicNSELast updated: 20 Aug 2026
Select Metric:
Current PE Ratio
23.07
5Y Median PE
21.23
vs 5Y Median
+8.64%

Valuation Percentile

Nifty Infrastructure's PB is cheaper than 95% of the last 5 years.

As of 20 Aug 2026 ยท 5Y daily data (1,240 obs)

The Nifty Infrastructure PE ratio is 23.07 as of 20 August 2026, about 9% above its 5-year median of 21.23, which places it in slightly overvalued territory on a historical basis.

PE Ratio vs Historical Medians

PeriodMedian PECurrent vs Median
Full history22.43+2.85%
7 Years21.69+6.36%
5 Years21.23+8.64%
3 Years21.74+6.12%
1 Year21.54+7.10%

Historical PE Ratio

Performance and risk

1Y total return
+4.73%
5Y total return (p.a.)
+17.44%
Volatility (1Y std dev)
15.06%
Beta vs Nifty 50 (1Y)
1.02

1-year holding windows since 2004 returned a median of +9.45% (best +111.22%, worst -63.09%).

View full performance and risk

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

Stocks in the Nifty Infrastructure

The Nifty Infrastructure contains 30 constituents. Its largest sectors by weight are Oil, Gas & Consumable Fuels (27.8%) and Telecommunication (16.9%).

Oil, Gas & Consumable Fuels: 27.8%Telecommunication: 16.9%Construction: 12.0%Power: 10.5%Construction Materials: 8.3%Services: 6.3%+5 more sectors
SymbolCompanyIndustryWeight(%)
RELIANCEReliance Industries Ltd.Oil Gas & Consumable Fuels20.04
BHARTIARTLBharti Airtel Ltd.Telecommunication15.62
LTLarsen & Toubro Ltd.Construction12.01
NTPCNTPC Ltd.Power4.29
ULTRACEMCOUltraTech Cement Ltd.Construction Materials3.67
POWERGRIDPower Grid Corporation of India Ltd.Power3.35
ADANIPORTSAdani Ports and Special Economic Zone Ltd.Services3.26
GRASIMGrasim Industries Ltd.Construction Materials3.05
INDIGOInterGlobe Aviation Ltd.Services3.05
ONGCOil & Natural Gas Corporation Ltd.Oil Gas & Consumable Fuels2.45
ADANIGREENAdani Green Energy Ltd.Power
AMBUJACEMAmbuja Cements Ltd.Construction Materials
APOLLOHOSPApollo Hospitals Enterprise Ltd.Healthcare
ASHOKLEYAshok Leyland Ltd.Capital Goods
BHARATFORGBharat Forge Ltd.Automobile and Auto Components
BPCLBharat Petroleum Corporation Ltd.Oil Gas & Consumable Fuels
CGPOWERCG Power and Industrial Solutions Ltd.Capital Goods
CUMMINSINDCummins India Ltd.Capital Goods
DLFDLF Ltd.Realty
FORTISFortis Healthcare Ltd.Healthcare
GAILGAIL (India) Ltd.Oil Gas & Consumable Fuels
HINDPETROHindustan Petroleum Corporation Ltd.Oil Gas & Consumable Fuels
INDHOTELIndian Hotels Co. Ltd.Consumer Services
IOCIndian Oil Corporation Ltd.Oil Gas & Consumable Fuels
INDUSTOWERIndus Towers Ltd.Telecommunication
MAXHEALTHMax Healthcare Institute Ltd.Healthcare
MOTHERSONSamvardhana Motherson International Ltd.Automobile and Auto Components
SHREECEMShree Cement Ltd.Construction Materials
SUZLONSuzlon Energy Ltd.Capital Goods
TATAPOWERTata Power Co. Ltd.Power

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
The index is designed to reflect the behaviour and performance of companies that represents infrastructure sector such as power, port, air, roads, railways, shipping etc.
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 Infrastructure; the PDF is authoritative.

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Frequently Asked Questions

What is the current Nifty Infrastructure PE ratio?

As of 20 August 2026, the Nifty Infrastructure PE ratio is 23.07. That is about 9% above its 5-year median of 21.23 and about 7% above its 1-year median of 21.54.

Is the Nifty Infrastructure undervalued right now?

On a historical basis it screens as slightly overvalued. Its current PE of 23.07 sits above every median window: 1-year (21.54), 3-year (21.74), 5-year (21.23), 7-year (21.69) and full-history (22.43).

What is a normal PE ratio for the Nifty Infrastructure?

Over the past five years its median PE has been 21.23, and over the past three years 21.74. Today's 23.07 is toward the upper end of that historical range.

How many stocks are in the Nifty Infrastructure?

The Nifty Infrastructure contains 30 stocks. By number of companies, its largest sectors are Oil Gas & Consumable Fuels (6 stocks), Capital Goods (4 stocks) and Construction Materials (4 stocks).

What returns has the Nifty Infrastructure delivered?

As of July 2026, the Nifty Infrastructure total return (with dividends reinvested) is +4.73% over the past year and +17.44% 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 Infrastructure?

Over the year to July 2026, the Nifty Infrastructure had an annualized volatility (standard deviation of daily returns) of 15.06%. Its beta versus the Nifty 50 is 1.02, meaning it has moved roughly in line with the broad market.

What is a typical one-year return for the Nifty Infrastructure?

Across every one-year holding window since 2004, the Nifty Infrastructure total return has a median of +9.45%, with the best window at +111.22% and the worst at -63.09%. Based on NSE Total Returns Index data; a past distribution, not a prediction.

Last updated: 20 August 2026.