Nifty Microcap 250 PE Ratio
Valuation Percentile
Nifty Microcap 250's PB is more expensive than 67% of the last 5 years.
The Nifty Microcap 250 PE ratio is 26.93 as of 1 October 2026, about 7% below its 5-year median of 28.87, which places it in fairly valued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| 5 Years | 28.87 | -6.72% |
| 3 Years | 28.30 | -4.84% |
| 1 Year | 27.69 | -2.74% |
Historical PE Ratio
Series start. P/E is published from 11 May 2021. Index values go back to 1 Apr 2005.
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 Microcap 250 earnings grew +30.96% a year over the last 5 years, while the index moved +20.64% a year and its P/E went from 40.6 to 26.9.
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 Microcap 250
0 ETFs and 1 index fund track this index. Prices and NAVs as of 1 Oct 2026.
Index funds (1)
| Fund | AMC | NAV | Since |
|---|---|---|---|
| Motilal Oswal Nifty Microcap 250 Index Fund | Motilal Oswal Asset Management Company Limited | 18.851 Oct 2026 | 2023 |
Listed for information only, not a recommendation. Check expense ratio and tracking difference before investing.
Performance and risk
1-year holding windows since 2021 returned a median of +11.50% (best +99.76%, worst -15.26%).
Today's PE of 26.93 sits in band 2 of 5 of this index's history (PE 26.8 to 28.5). From this band, 3-year forward returns had a median of +26.07% a year and were positive in 100% of windows (84 windows since 2021).
View full performance and risk
Returns as of September 2026, from the NSE factsheet for the Nifty Microcap 250. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the Nifty Microcap 250
The Nifty Microcap 250 contains 254 constituents. Its largest sectors by weight are Capital Goods (21.9%) and Financial Services (12.5%).
Recent changes
4 October 2026: Added Aditya Birla Fashion and Retail Ltd., Aditya Birla Lifestyle Brands Ltd., Aeroflex Industries Ltd., Amagi Media Labs Ltd., Bajaj Consumer Care Ltd., Blue Jet Healthcare Ltd., C.E. Info Systems Ltd., CMR Green Technologies Ltd., Ceigall India Ltd., Centum Electronics Ltd., Chalet Hotels Ltd., E2E NETWORKS Ltd., Eris Lifesciences Ltd., GNG Electronics Ltd., Genus Power Infrastructures Ltd., Goldiam International Ltd., Gujarat Alkalies & Chemicals Ltd., Happy Forgings Ltd., Indegene Ltd., Jubilant Pharmova Ltd., Knowledge Marine & Engineering Works Ltd., Kwality Wall's (India) Ltd., Latent View Analytics Ltd., Leela Palaces Hotels & Resorts Ltd., Lumax Industries Ltd., Madhya Bharat Agro Products Ltd., Nephrocare Health Services Ltd., Newgen Software Technologies Ltd., Niva Bupa Health Insurance Company Ltd., Northern Arc Capital Ltd., Omnitech Engineering Ltd., OnEMI Technology Solutions Ltd., PDS Ltd., Paisalo Digital Ltd., Powerica Ltd., Precision Wires India Ltd., Procter & Gamble Health Ltd., Responsive Industries Ltd., S.J.S. Enterprises Ltd., SBFC Finance Ltd., SEDEMAC Mechatronics Ltd., SG Mart Ltd., SIGMA ADVANCED SYSTEMS LTD., Sapphire Foods India Ltd., Saregama India Ltd, Senores Pharmaceuticals Ltd., Shadowfax Technologies Ltd., Shilchar Technologies Ltd., Shreeji Shipping Global Ltd., Sonata Software Ltd., Stylam Industries Ltd., Sundram Fasteners Ltd., Sunflag Iron & Steel Company Ltd., Supreme Petrochem Ltd., Suven Life Sciences Ltd., TTK Prestige Ltd., Timex Group India Ltd., Unimech Aerospace and Manufacturing Ltd., Vesuvius India Ltd.. Removed ASK Automotive Ltd., Aarti Drugs Ltd., Aether Industries Ltd., Ahluwalia Contracts (India) Ltd., Alembic Pharmaceuticals Ltd., Alivus Life Sciences Ltd., Alok Industries Ltd., Avanti Feeds Ltd., Awfis Space Solutions Ltd., Azad Engineering Ltd., Bajaj Electricals Ltd, Black Box Ltd., CORONA Remedies Ltd., Century Plyboards (India) Ltd., Crizac Ltd., Cupid Ltd., Dr. Agarwal's Health Care Ltd., Ethos Ltd., Eureka Forbes Ltd., GHCL Ltd., GMM Pfaudler Ltd., Hemisphere Properties India Ltd., INOX India Ltd., India Shelter Finance Corporation Ltd., Inox Green Energy Services Ltd., JK Lakshmi Cement Ltd., Jupiter Life Line Hospitals Ltd., KSB Ltd., Kirloskar Brothers Ltd., MTAR Technologies Ltd., Maharashtra Scooters Ltd., Maharashtra Seamless Ltd., NESCO Ltd., Optiemus Infracom Ltd., Orient Cement Ltd., Orkla India Ltd., Prism Johnson Ltd., Privi Speciality Chemicals Ltd., Prudent Corporate Advisory Services Ltd., RattanIndia Enterprises Ltd., Redtape Ltd., Rubicon Research Ltd., SKF India (Industrial) Ltd., SKF India Ltd., SPR Auto Technologies Ltd., Saatvik Green Energy Ltd., Sanofi Consumer Healthcare India Ltd., Sansera Engineering Ltd., Seshaasai Technologies Ltd., Smartworks Coworking Spaces Ltd., Star Cement Ltd., Sterlite Technologies Ltd., Styrenix Performance Materials Ltd., TD Power Systems Ltd., TSF Investments Ltd., Thangamayil Jewellery Ltd., The Anup Engineering Ltd., Triveni Engineering & Industries Ltd., Varroc Engineering Ltd..
6 September 2026: Added Dummy India Glycols ltd. 1, Dummy India Glycols ltd. 2.
2 August 2026: Added Dummy Inox Green Ltd..
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
- Universe
- The review of broad market indices is undertaken semi-annually based on data for six months ending January and July. To be considered for inclusion in Nifty 500 index, companies must form part of eligible universe.
- Selection
- The Nifty Microcap 250 index aims to track the performance of microcap stocks listed or permitted to trade on NSE. The index includes the top 250 companies beyond the Nifty 500 index constituents, selected based on their average full market capitalization.
- Rebalanced
- Quarterly
Summarised from NSE's official methodology document (PDF) for the Nifty Microcap 250; the PDF is authoritative.
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Frequently Asked Questions
What is the current Nifty Microcap 250 PE ratio?
As of 1 October 2026, the Nifty Microcap 250 PE ratio is 26.93. That is about 7% below its 5-year median of 28.87 and about 3% below its 1-year median of 27.69.
Is the Nifty Microcap 250 undervalued right now?
On a historical basis it screens as fairly valued. Its current PE of 26.93 sits below every median window: 1-year (27.69), 3-year (28.30) and 5-year (28.87).
What is a normal PE ratio for the Nifty Microcap 250?
Over the past five years its median PE has been 28.87, and over the past three years 28.30. Today's 26.93 is toward the lower end of that historical range.
How many stocks are in the Nifty Microcap 250?
The Nifty Microcap 250 contains 254 stocks. By number of companies, its largest sectors are Capital Goods (53 stocks), Consumer Durables (24 stocks) and Healthcare (23 stocks).
What returns has the Nifty Microcap 250 delivered?
As of September 2026, the Nifty Microcap 250 total return (with dividends reinvested) is +15.26% over the past year and +21.72% 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 Microcap 250?
Over the year to September 2026, the Nifty Microcap 250 had an annualized volatility (standard deviation of daily returns) of 19.87%. Its beta versus the Nifty 50 is 1.12, meaning it has moved more than the broad market.
What is a typical one-year return for the Nifty Microcap 250?
Across every one-year holding window since 2021, the Nifty Microcap 250 total return has a median of +11.50%, with the best window at +99.76% and the worst at -15.26%. Based on NSE Total Returns Index data; a past distribution, not a prediction.
What have 3-year returns been from PE levels like today's?
The Nifty Microcap 250 currently trades at a PE of 26.93, in band 2 of 5 of its own PE history. Across 84 overlapping 3-year windows since 2021 that began in this band, the median forward return was +26.07% a year, positive in 100% of windows. A past distribution, not a prediction.
How fast have Nifty Microcap 250 earnings grown?
Nifty Microcap 250 earnings, measured as the index level divided by its P/E, grew +30.96% a year over the last 5 years, while the index itself moved +20.64% a year and its P/E fell from 40.59 to 26.93. Past growth, not a forecast.
How often is the Nifty Microcap 250 rebalanced?
The Nifty Microcap 250 is rebalanced quarterly. Details are in the official NSE methodology document.
Last updated: 1 October 2026.