Nifty Non-Cyclical Consumer PE Ratio
Valuation Percentile
Nifty Non-Cyclical Consumer's PB is cheaper than 99% of the last 3 years.
Not enough history for a 5Y percentile, showing 3Y instead.
The Nifty Non-Cyclical Consumer PE ratio is 42.84 as of 1 October 2026, about 29% below its 3-year median of 60.59, which places it in significantly undervalued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| 3 Years | 60.59 | -29.30% |
| 1 Year | 53.86 | -20.46% |
Historical PE Ratio
Series start. P/E is published from 17 Nov 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 Non-Cyclical Consumer earnings grew +16.80% a year over the last 3 years, while the index moved +5.42% a year and its P/E went from 58.3 to 42.8.
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 Non-Cyclical Consumer
0 ETFs and 1 index fund track this index. Prices and NAVs as of 1 Oct 2026.
Index funds (1)
| Fund | AMC | NAV | Since |
|---|---|---|---|
| Groww Nifty Non-Cyclical Consumer Index Fund | Groww Asset Management Limited | 9.691 Oct 2026 | 2024 |
Listed for information only, not a recommendation. Check expense ratio and tracking difference before investing.
Stocks in the Nifty Non-Cyclical Consumer
The Nifty Non-Cyclical Consumer contains 30 constituents. Its largest sectors by number of companies are Fast Moving Consumer Goods (11) and Consumer Services (9).
Recent changes
4 October 2026: Added Lenskart Solutions Ltd., Vodafone Idea Ltd.. Removed Indian Railway Catering And Tourism Corporation Ltd., Jubilant Foodworks Ltd..
Constituent list as of 4 October 2026, sourced from NSE Indices.
How this index works
- Selection
- NSE Indices has developed the Nifty Non-Cyclical Consumer Index which aims to track the performance of portfolio of stocks that broadly represent the Non-Cyclical Consumer theme.
- 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 Non-Cyclical Consumer; the PDF is authoritative.
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Frequently Asked Questions
What is the current Nifty Non-Cyclical Consumer PE ratio?
As of 1 October 2026, the Nifty Non-Cyclical Consumer PE ratio is 42.84. That is about 29% below its 3-year median of 60.59 and about 20% below its 1-year median of 53.86.
Is the Nifty Non-Cyclical Consumer undervalued right now?
On a historical basis it screens as significantly undervalued. Its current PE of 42.84 sits below every median window: 1-year (53.86) and 3-year (60.59).
What is a normal PE ratio for the Nifty Non-Cyclical Consumer?
Over the past three years its median PE has been 60.59, and over the past one year 53.86. Today's 42.84 is toward the lower end of that historical range.
How many stocks are in the Nifty Non-Cyclical Consumer?
The Nifty Non-Cyclical Consumer contains 30 stocks. By number of companies, its largest sectors are Fast Moving Consumer Goods (11 stocks), Consumer Services (9 stocks) and Consumer Durables (5 stocks).
How fast have Nifty Non-Cyclical Consumer earnings grown?
Nifty Non-Cyclical Consumer earnings, measured as the index level divided by its P/E, grew +16.80% a year over the last 3 years, while the index itself moved +5.42% a year and its P/E fell from 58.31 to 42.84. Past growth, not a forecast.
Last updated: 1 October 2026.