indexPe

Nifty MidSmall India Consumption PE Ratio

Significantly UndervaluedThematicNSELast updated: 20 Aug 2026
Select Metric:
Current PE Ratio
34.22
3Y Median PE
67.16
vs 3Y Median
-49.05%

Valuation Percentile

Nifty MidSmall India Consumption's PB is cheaper than 80% of the last 3 years.

Not enough history for a 5Y percentile, showing 3Y instead.

As of 20 Aug 2026 ยท 3Y daily data (743 obs)

The Nifty MidSmall India Consumption PE ratio is 34.22 as of 20 August 2026, about 49% below its 3-year median of 67.16, which places it in significantly undervalued territory on a historical basis.

PE Ratio vs Historical Medians

PeriodMedian PECurrent vs Median
3 Years67.16-49.05%
1 Year85.42-59.94%

Historical PE Ratio

Performance and risk

1Y total return
-2.23%
5Y total return (p.a.)
+14.79%
Volatility (1Y std dev)
16.46%
Beta vs Nifty 50 (1Y)
1.05

1-year holding windows since 2005 returned a median of +14.89% (best +105.57%, worst -60.95%).

View full performance and risk

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

Stocks in the Nifty MidSmall India Consumption

The Nifty MidSmall India Consumption contains 30 constituents. Its largest sectors by weight are Consumer Services (22.8%) and Consumer Durables (19.5%).

Consumer Services: 22.8%Consumer Durables: 19.5%Fast Moving Consumer Goods: 15.4%Healthcare: 13.4%Realty: 12.0%Automobile and Auto Components: 7.5%+3 more sectors
SymbolCompanyIndustryWeight(%)
DIXONDixon Technologies (India) Ltd.Consumer Durables6.23
FORTISFortis Healthcare Ltd.Healthcare5.26
IDEAVodafone Idea Ltd.Telecommunication3.83
PHOENIXLTDPhoenix Mills Ltd.Realty3.78
ABBOTINDIAAbbott India Ltd.Healthcare
ALKEMAlkem Laboratories Ltd.Healthcare
BATAINDIABata India Ltd.Consumer Durables
CROMPTONCrompton Greaves Consumer Electricals Ltd.Consumer Durables
LALPATHLABDr. Lal Path Labs Ltd.Healthcare
EMAMILTDEmami Ltd.Fast Moving Consumer Goods
GODREJPROPGodrej Properties Ltd.Realty
INDIAMARTIndiamart Intermesh Ltd.Consumer Services
INDHOTELIndian Hotels Co. Ltd.Consumer Services
IPCALABIpca Laboratories Ltd.Healthcare
KAJARIACERKajaria Ceramics Ltd.Consumer Durables
LODHAMacrotech Developers Ltd.Realty
MAXHEALTHMax Healthcare Institute Ltd.Healthcare
OBEROIRLTYOberoi Realty Ltd.Realty
PAGEINDPage Industries Ltd.Textiles
PFIZERPfizer Ltd.Healthcare
RAJESHEXPORajesh Exports Ltd.Consumer Durables
RELAXORelaxo Footwears Ltd.Consumer Durables
TVSMOTORTVS Motor Company Ltd.Automobile and Auto Components
TORNTPOWERTorrent Power Ltd.Power
TRENTTrent Ltd.Consumer Services
UBLUnited Breweries Ltd.Fast Moving Consumer Goods
VBLVarun Beverages Ltd.Fast Moving Consumer Goods
VOLTASVoltas Ltd.Consumer Durables
ZEELZee Entertainment Enterprises Ltd.Media, Entertainment & Publication
ZYDUSLIFEZydus Lifesciences Ltd.Healthcare

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 Nifty MidSmall India Consumption index aims to track the performance of the portfolio of stocks that broadly represent the consumption theme within the basic industries like pharmaceuticals, media and entertainment, telecom services, hotels, consumer electronics, residential, commercial
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 MidSmall India Consumption; the PDF is authoritative.

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Frequently Asked Questions

What is the current Nifty MidSmall India Consumption PE ratio?

As of 20 August 2026, the Nifty MidSmall India Consumption PE ratio is 34.22. That is about 49% below its 3-year median of 67.16 and about 60% below its 1-year median of 85.42.

Is the Nifty MidSmall India Consumption undervalued right now?

On a historical basis it screens as significantly undervalued. Its current PE of 34.22 sits below every median window: 1-year (85.42) and 3-year (67.16).

What is a normal PE ratio for the Nifty MidSmall India Consumption?

Over the past three years its median PE has been 67.16, and over the past one year 85.42. Today's 34.22 is toward the lower end of that historical range.

How many stocks are in the Nifty MidSmall India Consumption?

The Nifty MidSmall India Consumption contains 30 stocks. By number of companies, its largest sectors are Healthcare (8 stocks), Consumer Durables (7 stocks) and Realty (4 stocks).

What returns has the Nifty MidSmall India Consumption delivered?

As of July 2026, the Nifty MidSmall India Consumption total return (with dividends reinvested) is -2.23% over the past year and +14.79% 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 MidSmall India Consumption?

Over the year to July 2026, the Nifty MidSmall India Consumption had an annualized volatility (standard deviation of daily returns) of 16.46%. Its beta versus the Nifty 50 is 1.05, meaning it has moved roughly in line with the broad market.

What is a typical one-year return for the Nifty MidSmall India Consumption?

Across every one-year holding window since 2005, the Nifty MidSmall India Consumption total return has a median of +14.89%, with the best window at +105.57% and the worst at -60.95%. Based on NSE Total Returns Index data; a past distribution, not a prediction.

Last updated: 20 August 2026.