indexPe

Nifty Smallcap 500 PE Ratio

Fairly ValuedOtherNSELast updated: 1 Oct 2026
Select Metric:
Current PE Ratio
31.78
6M Median PE
31.78
vs 6M Median
0.00%

Valuation Percentile

Not enough history yet for a percentile.

The Nifty Smallcap 500 PE ratio is 31.78 as of 1 October 2026, about 0% above its 6-month median of 31.78, which places it in fairly valued territory on a historical basis.

PE Ratio vs Historical Medians

PeriodMedian PECurrent vs Median
6 Months31.780.00%
3 Months31.98-0.63%

Historical PE Ratio

Series start. P/E is published from 23 Jan 2026. 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 Smallcap 500 index earnings (EPS, index points)

Earnings growth is annualised from the last trading day at or before the start of each window. 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.

Performance and risk

1Y total return
+9.41%
5Y total return (p.a.)
+15.97%
Volatility (1Y std dev)
17.62%
Beta vs Nifty 50 (1Y)
1.06

View full performance and risk

Returns as of September 2026, from the NSE factsheet for the Nifty Smallcap 500. 1-year returns are absolute; 5-year returns are annualized.

Stocks in the Nifty Smallcap 500

The Nifty Smallcap 500 contains 505 constituents. Its largest sectors by weight are Capital Goods (17.9%) and Financial Services (17.2%).

Capital Goods: 17.9%Financial Services: 17.2%Healthcare: 10.8%Automobile and Auto Components: 8.9%Chemicals: 6.4%Fast Moving Consumer Goods: 4.5%+14 more sectors

Recent changes

4 October 2026: Added 3M India Ltd., ACC Ltd., AWL Agri Business Ltd., Amagi Media Labs Ltd., Apollo Tyres Ltd., Bagmane Prime Office REIT, Bajaj Consumer Care Ltd., Bharat Coking Coal Ltd., Brookfield India Real Estate Trust, CMR Green Technologies Ltd., Ceigall India Ltd., Central Mine Planning & Design Institute Ltd., Centum Electronics Ltd., Clean Max Enviro Energy Solutions Ltd., E2E NETWORKS Ltd., Fractal Analytics Ltd., GNG Electronics Ltd., Genus Power Infrastructures Ltd., Happy Forgings Ltd., Honeywell Automation India Ltd., KPIT Technologies Ltd., Knowledge Marine & Engineering Works Ltd., Kwality Wall's (India) Ltd., Lumax Industries Ltd., MINDSPACE BUSINESS PARKS REIT, Madhya Bharat Agro Products Ltd., Nephrocare Health Services Ltd., Omnitech Engineering Ltd., OnEMI Technology Solutions Ltd., Park Medi World Ltd., Powerica Ltd., Precision Wires India Ltd., Procter & Gamble Health Ltd., Responsive Industries Ltd., S.J.S. Enterprises Ltd., SEDEMAC Mechatronics Ltd., SG Mart Ltd., SIGMA ADVANCED SYSTEMS LTD., SJVN Ltd., SKY GOLD AND DIAMONDS Ltd., SML Mahindra Ltd., Senores Pharmaceuticals Ltd., Shadowfax Technologies Ltd., Shilchar Technologies Ltd., Shreeji Shipping Global Ltd., Stylam Industries Ltd., Sunflag Iron & Steel Company Ltd., Suven Life Sciences Ltd., TTK Prestige Ltd., Tata Elxsi Ltd., The New India Assurance Company Ltd., Timex Group India Ltd., Unimech Aerospace and Manufacturing Ltd., Vedanta Iron and Steel Ltd., Vedanta Oil and Gas Ltd., Vedanta Power Ltd., Vesuvius India Ltd.. Removed ASK Automotive Ltd., Aarti Drugs Ltd., Ahluwalia Contracts (India) Ltd., Alembic Pharmaceuticals Ltd., Alivus Life Sciences Ltd., Alok Industries Ltd., Aster DM Quality Care Ltd., AstraZenca Pharma India Ltd., Awfis Space Solutions Ltd., Bajaj Electricals Ltd, Bikaji Foods International Ltd., Blue Dart Express Ltd., Bombay Burmah Trading Corporation Ltd., Century Plyboards (India) Ltd., DCM Shriram Ltd., Dr. Agarwal's Health Care Ltd., Ethos Ltd., Eureka Forbes Ltd., Fertilisers and Chemicals Travancore Ltd., GHCL Ltd., GMM Pfaudler Ltd., Hatsun Agro Product Ltd., Hemisphere Properties India Ltd., Hindustan Copper Ltd., India Shelter Finance Corporation Ltd., Indian Overseas Bank, Inox Green Energy Services Ltd., JK Lakshmi Cement Ltd., JSW Dulux Ltd., JSW Holdings Ltd., Jupiter Life Line Hospitals Ltd., Maharashtra Scooters Ltd., Maharashtra Seamless Ltd., Meesho Ltd., Metro Brands Ltd., NESCO Ltd., Narayana Hrudayalaya Ltd., Optiemus Infracom Ltd., Orient Cement Ltd., Orkla India Ltd., Piramal Finance Ltd., Prism Johnson Ltd., Prudent Corporate Advisory Services Ltd., RattanIndia Enterprises Ltd., Redtape Ltd., SKF India (Industrial) Ltd., SKF India Ltd., Saatvik Green Energy Ltd., Smartworks Coworking Spaces Ltd., Star Cement Ltd., Styrenix Performance Materials Ltd., TSF Investments Ltd., TVS Holdings Ltd., The Anup Engineering Ltd., Travel Food Services Ltd., Triveni Engineering & Industries Ltd., Varroc Engineering Ltd..

27 September 2026: Added HEG Advanced Materials Ltd.. Removed HEG Ltd..

13 September 2026: Added Dummy HEG Ltd..

SymbolCompanyIndustryWeight(%)
SONACOMSSona BLW Precision Forgings Ltd.Automobile and Auto Components1.18
WELCORPWelspun Corp Ltd.Capital Goods1.13
KARURVYSYAKarur Vysya Bank Ltd.Financial Services0.97
NAVINFLUORNavin Fluorine International Ltd.Chemicals0.96
ATHERENERGAther Energy Ltd.Automobile and Auto Components0.86
STLTECHSterlite Technologies Ltd.Telecommunication0.84
RBLBANKRBL Bank Ltd.Financial Services0.79
DELHIVERYDelhivery Ltd.Services0.78
REDINGTONRedington Ltd.Services0.77
HFCLHFCL Ltd.Telecommunication0.74
3MINDIA3M India Ltd.Diversified
ACCACC Ltd.Construction Materials
ACMESOLARACME Solar Holdings Ltd.Power
AWLAWL Agri Business Ltd.Fast Moving Consumer Goods
AXISCADESAXISCADES Technologies Ltd.Capital Goods
AADHARHFCAadhar Housing Finance Ltd.Financial Services
AARTIINDAarti Industries Ltd.Chemicals
AARTIPHARMAarti Pharmalabs Ltd.Healthcare
AAVASAavas Financiers Ltd.Financial Services
ACEAction Construction Equipment Ltd.Capital Goods
ACUTAASAcutaas Chemicals Ltd.Healthcare
ABFRLAditya Birla Fashion and Retail Ltd.Consumer Services
ABLBLAditya Birla Lifestyle Brands Ltd.Consumer Services
ABRELAditya Birla Real Estate Ltd.Realty
ABSLAMCAditya Birla Sun Life AMC Ltd.Financial Services
CPPLUSAditya Infotech Ltd.Capital Goods
AVLAditya Vision Ltd.Consumer Services
ADVENZYMESAdvanced Enzyme Tech Ltd.Healthcare
AEGISLOGAegis Logistics Ltd.Oil Gas & Consumable Fuels
AEGISVOPAKAegis Vopak Terminals Ltd.Oil Gas & Consumable Fuels
AEQUSAequs Ltd.Capital Goods
AETHERAether Industries Ltd.Chemicals
AFCONSAfcons Infrastructure Ltd.Construction
AFFLEAffle 3i Ltd.Information Technology
AKUMSAkums Drugs and Pharmaceuticals Ltd.Healthcare
ALKYLAMINEAlkyl Amines Chemicals Ltd.Chemicals
ABDLAllied Blenders and Distillers Ltd.Fast Moving Consumer Goods
AMAGIAmagi Media Labs Ltd.Information Technology
ARE&MAmara Raja Energy & Mobility Ltd.Automobile and Auto Components
AMBERAmber Enterprises India Ltd.Consumer Durables
ANANDRATHIAnand Rathi Wealth Ltd.Financial Services
ANANTRAJAnant Raj Ltd.Realty
ANGELONEAngel One Ltd.Financial Services
ANURASAnupam Rasayan India Ltd.Chemicals
APOLLOApollo Micro Systems Ltd.Capital Goods
APOLLOTYREApollo Tyres Ltd.Automobile and Auto Components
APTUSAptus Value Housing Finance India Ltd.Financial Services
ACIArchean Chemical Industries Ltd.Chemicals
ARVINDFASNArvind Fashions Ltd.Consumer Services
ARVINDArvind Ltd.Textiles
ASAHIINDIAAsahi India Glass Ltd.Automobile and Auto Components
ASHAPURMINAshapura Minechem Ltd.Metals & Mining
ASHOKAAshoka Buildcon Ltd.Construction
ASTRAMICROAstra Microwave Products Ltd.Capital Goods
ATLANTAELEAtlanta Electricals Ltd.Capital Goods
ATULAtul Ltd.Chemicals
AURIONPROAurionpro Solution Ltd.Information Technology
AVALONAvalon Technologies Ltd.Capital Goods
AVANTIFEEDAvanti Feeds Ltd.Fast Moving Consumer Goods
CCAVENUEAvenuesAI Ltd.Financial Services
AZADAzad Engineering Ltd.Capital Goods
BEMLBEML Ltd.Capital Goods
BLSBLS International Services Ltd.Consumer Services
BAGMANEBagmane Prime Office REITRealty
BAJAJCONBajaj Consumer Care Ltd.Fast Moving Consumer Goods
BALAMINESBalaji Amines Ltd.Chemicals
BALRAMCHINBalrampur Chini Mills Ltd.Fast Moving Consumer Goods
BALUFORGEBalu Forge Industries Ltd.Capital Goods
BANCOINDIABanco Products (India) Ltd.Automobile and Auto Components
BANDHANBNKBandhan Bank Ltd.Financial Services
BATAINDIABata India Ltd.Consumer Durables
BAYERCROPBayer Cropscience Ltd.Chemicals
BELRISEBelrise Industries Ltd.Automobile and Auto Components
BHARATCOALBharat Coking Coal Ltd.Oil Gas & Consumable Fuels
BIRLACORPNBirla Corporation Ltd.Construction Materials
BSOFTBirlasoft Ltd.Information Technology
BBOXBlack Box Ltd.Information Technology
BLACKBUCKBlackbuck Ltd.Services
BLUEJETBlue Jet Healthcare Ltd.Healthcare
BLUESTONEBlueStone Jewellery and Lifestyle Ltd.Consumer Durables
BORORENEWBorosil Renewables Ltd.Capital Goods
FIRSTCRYBrainbees Solutions Ltd.Consumer Services
BRIGADEBrigade Enterprises Ltd.Realty
BIRETBrookfield India Real Estate TrustRealty
MAPMYINDIAC.E. Info Systems Ltd.Information Technology
CCLCCL Products (I) Ltd.Fast Moving Consumer Goods
CESCCESC Ltd.Power
CIEINDIACIE Automotive India Ltd.Automobile and Auto Components
CMRGREENCMR Green Technologies Ltd.Capital Goods
CMSINFOCMS Info Systems Ltd.Services
CSBBANKCSB Bank Ltd.Financial Services
CAMPUSCampus Activewear Ltd.Consumer Durables
CANFINHOMECan Fin Homes Ltd.Financial Services
CANHLIFECanara HSBC Life Insurance Company Ltd.Financial Services
CRAMCCanara Robeco Asset Management Company Ltd.Financial Services
CAPILLARYCapillary Technologies India Ltd.Information Technology
CAPLIPOINTCaplin Point Laboratories Ltd.Healthcare
CGCLCapri Global Capital Ltd.Financial Services
CARBORUNIVCarborundum Universal Ltd.Capital Goods
CARTRADECartrade Tech Ltd.Consumer Services
CASTROLINDCastrol India Ltd.Oil Gas & Consumable Fuels
CEATLTDCeat Ltd.Automobile and Auto Components
CEIGALLCeigall India Ltd.Construction
CELLOCello World Ltd.Consumer Durables
CEMPROCemindia Projects Ltd.Construction
CENTRALBKCentral Bank of IndiaFinancial Services
CDSLCentral Depository Services (India) Ltd.Financial Services
CMPDICentral Mine Planning & Design Institute Ltd.Services
CENTUMCentum Electronics Ltd.Capital Goods
CERACera Sanitaryware LtdConsumer Durables
CHALETChalet Hotels Ltd.Consumer Services
CHAMBLFERTChambal Fertilizers & Chemicals Ltd.Chemicals
CHENNPETROChennai Petroleum Corporation Ltd.Oil Gas & Consumable Fuels
CHOICEINChoice International Ltd.Financial Services
CHOLAHLDNGCholamandalam Financial Holdings Ltd.Financial Services
CUBCity Union Bank Ltd.Financial Services
CLEANMAXClean Max Enviro Energy Solutions Ltd.Power
CLEANClean Science and Technology Ltd.Chemicals
COHANCECohance Lifesciences Ltd.Healthcare
CAMSComputer Age Management Services Ltd.Financial Services
CONCORDBIOConcord Biotech Ltd.Healthcare
CRAFTSMANCraftsman Automation Ltd.Automobile and Auto Components
CREDITACCCreditAccess Grameen Ltd.Financial Services
CROMPTONCrompton Greaves Consumer Electricals Ltd.Consumer Durables
CUPIDCupid Ltd.Fast Moving Consumer Goods
CYIENTCyient Ltd.Information Technology
DCBBANKDCB Bank Ltd.Financial Services
DOMSDOMS Industries Ltd.Fast Moving Consumer Goods
DATAPATTNSData Patterns (India) Ltd.Capital Goods
DATAMATICSDatamatics Global Services Ltd.Information Technology
DEEPAKFERTDeepak Fertilisers & Petrochemicals Corp. Ltd.Chemicals
DEEPAKNTRDeepak Nitrite Ltd.Chemicals
DEVYANIDevyani International Ltd.Consumer Services
DIACABSDiamond Power Infrastructure Ltd.Capital Goods
DBLDilip Buildcon Ltd.Construction
LALPATHLABDr. Lal Path Labs Ltd.Healthcare
DUMMYHEGDummy HEG Ltd.Capital Goods
DUMMYINGL1Dummy India Glycols ltd. 1Healthcare
DUMMYINGL2Dummy India Glycols ltd. 2Fast Moving Consumer Goods
DUMMYINXGNDummy Inox Green Ltd.Construction
DUMMYTRVNDummy Triveni Ltd.Capital Goods
DYNAMATECHDynamatic Technologies Ltd.Capital Goods
EIDPARRYE.I.D. Parry (India) Ltd.Fast Moving Consumer Goods
E2EE2E NETWORKS Ltd.Information Technology
EIHOTELEIH Ltd.Consumer Services
EPLEPL Ltd.Capital Goods
EDELWEISSEdelweiss Financial Services Ltd.Financial Services
ELECONElecon Engineering Co. Ltd.Capital Goods
EMILElectronics Mart India Ltd.Consumer Services
ELECTCASTElectrosteel Castings Ltd.Capital Goods
ELGIEQUIPElgi Equipments Ltd.Capital Goods
ELLENEllenbarrie Industrial Gases Ltd.Chemicals
EMAMILTDEmami Ltd.Fast Moving Consumer Goods
EMBDLEmbassy Developments Ltd.Realty
EMCUREEmcure Pharmaceuticals Ltd.Healthcare
EMMVEEEmmvee Photovoltaic Power Ltd.Capital Goods
ENGINERSINEngineers India Ltd.Construction
ENTEROEntero Healthcare Solutions Ltd.Consumer Services
EQUITASBNKEquitas Small Finance Bank Ltd.Financial Services
ERISEris Lifesciences Ltd.Healthcare
FEDFINAFedbank Financial Services Ltd.Financial Services
FIEMINDFiem Industries LtdAutomobile and Auto Components
FINCABLESFinolex Cables Ltd.Capital Goods
FINPIPEFinolex Industries Ltd.Capital Goods
FSLFirstsource Solutions Ltd.Services
FIVESTARFive-Star Business Finance Ltd.Financial Services
FORCEMOTForce Motors Ltd.Automobile and Auto Components
FRACTALFractal Analytics Ltd.Information Technology
UTLSOLARFujiyama Power Systems Ltd.Capital Goods
GMRP&UIGMR Power and Urban Infra Ltd.Power
EBGNGGNG Electronics Ltd.Information Technology
GABRIELGabriel India Ltd.Automobile and Auto Components
GALLANTTGallantt Ispat Ltd.Capital Goods
GRSEGarden Reach Shipbuilders & Engineers Ltd.Capital Goods
GRWRHITECHGarware Hi-Tech Films Ltd.Capital Goods
GENUSPOWERGenus Power Infrastructures Ltd.Capital Goods
GILLETTEGillette India Ltd.Fast Moving Consumer Goods
GLANDGland Pharma Ltd.Healthcare
GODIGITGo Digit General Insurance Ltd.Financial Services
GPILGodawari Power & Ispat Ltd.Capital Goods
GODREJAGROGodrej Agrovet Ltd.Fast Moving Consumer Goods
GOKEXGokaldas Exports Ltd.Textiles
GOKULAGROGokul Agro Resources Ltd.Fast Moving Consumer Goods
GRANULESGranules India Ltd.Healthcare
GRAPHITEGraphite India Ltd.Capital Goods
GRAVITAGravita India Ltd.Metals & Mining
GESHIPGreat Eastern Shipping Co. Ltd.Services
GREAVESCOTGreaves Cotton Ltd.Capital Goods
GRINDWELLGrindwell Norton Ltd.Capital Goods
GAELGujarat Ambuja Exports Ltd.Fast Moving Consumer Goods
GMDCLTDGujarat Mineral Development Corporation Ltd.Metals & Mining
GNFCGujarat Narmada Valley Fertilizers and Chemicals Ltd.Chemicals
GPPLGujarat Pipavav Port Ltd.Services
GSFCGujarat State Fertilizers & Chemicals Ltd.Chemicals
HGINFRAH.G. Infra Engineering Ltd.Construction
HBLENGINEHBL Engineering Ltd.Capital Goods
HEGAMHEG Advanced Materials Ltd.Capital Goods
HAPPSTMNDSHappiest Minds Technologies Ltd.Information Technology
HAPPYFORGEHappy Forgings Ltd.Capital Goods
HCGHealthcare Global Enterprises Ltd.Healthcare
HERITGFOODHeritage Foods Ltd.Fast Moving Consumer Goods
HSCLHimadri Speciality Chemical Ltd.Chemicals
HCCHindustan Construction Co. Ltd.Construction
HOMEFIRSTHome First Finance Company India Ltd.Financial Services
HONASAHonasa Consumer Ltd.Fast Moving Consumer Goods
HONAUTHoneywell Automation India Ltd.Capital Goods
IDBIIDBI Bank Ltd.Financial Services
IFBINDIFB Industries Ltd.Consumer Durables
IFCIIFCI Ltd.Financial Services
IIFLCAPSIIFL Capital Services Ltd.Financial Services
IIFLIIFL Finance Ltd.Financial Services
INOXINDIAINOX India Ltd.Capital Goods
IRBIRB Infrastructure Developers Ltd.Construction
IRCONIRCON International Ltd.Construction
ITIITI Ltd.Telecommunication
INDGNIndegene Ltd.Healthcare
INDIACEMIndia Cements Ltd.Construction Materials
INDIAGLYCOIndia Glycols Ltd.Fast Moving Consumer Goods
INDIAMARTIndiamart Intermesh Ltd.Consumer Services
IEXIndian Energy Exchange Ltd.Financial Services
IMFAIndian Metals & Ferro Alloys Ltd.Metals & Mining
INDIGOPNTSIndigo Paints Ltd.Consumer Durables
ICILIndo Count Industries Ltd.Textiles
IGLIndraprastha Gas Ltd.Oil Gas & Consumable Fuels
INOXWINDInox Wind Ltd.Capital Goods
INTELLECTIntellect Design Arena Ltd.Information Technology
IGILInternational Gemological Institute Ltd.Services
IKSInventurus Knowledge Solutions Ltd.Information Technology
IONEXCHANGIon Exchange (India) Ltd.Utilities
JAIBALAJIJAI BALAJI INDUSTRIES Ltd.Metals & Mining
JBMAJBM Auto Ltd.Automobile and Auto Components
JKPAPERJK Paper Ltd.Forest Materials
JKTYREJK Tyre & Industries Ltd.Automobile and Auto Components
JMFINANCILJM Financial Ltd.Financial Services
JSWCEMENTJSW Cement Ltd.Construction Materials
JAINRECJain Resource Recycling Ltd.Metals & Mining
JPPOWERJaiprakash Power Ventures Ltd.Power
J&KBANKJammu & Kashmir Bank Ltd.Financial Services
JAMNAAUTOJamna Auto Industries Ltd.Automobile and Auto Components
JSFBJana Small Finance Bank Ltd.Financial Services
JAYNECOINDJayaswal Neco Industries Ltd.Capital Goods
JSLLJeena Sikho Lifecare Ltd.Consumer Services
JINDALSAWJindal Saw Ltd.Capital Goods
JUBLINGREAJubilant Ingrevia Ltd.Chemicals
JUBLPHARMAJubilant Pharmova Ltd.Healthcare
JWLJupiter Wagons Ltd.Capital Goods
JUSTDIALJustdial Ltd.Consumer Services
JYOTHYLABJyothy Labs Ltd.Fast Moving Consumer Goods
JYOTICNCJyoti CNC Automation Ltd.Capital Goods
KNRCONKNR Constructions Ltd.Construction
KPIGREENKPI Green Energy Ltd.Power
KPITTECHKPIT Technologies Ltd.Information Technology
KRBLKRBL Ltd.Fast Moving Consumer Goods
KRNKRN HEAT EXCHANGER AND REFRIGERATION Ltd.Capital Goods
KSBKSB Ltd.Capital Goods
KAJARIACERKajaria Ceramics Ltd.Consumer Durables
KPILKalpataru Projects International Ltd.Construction
KANSAINERKansai Nerolac Paints Ltd.Consumer Durables
KTKBANKKarnataka Bank Ltd.Financial Services
KSCLKaveri Seed Company Ltd.Fast Moving Consumer Goods
KAYNESKaynes Technology India Ltd.Capital Goods
KECKec International Ltd.Construction
KFINTECHKfin Technologies Ltd.Financial Services
KIRLOSBROSKirloskar Brothers Ltd.Capital Goods
KIRLOSENGKirloskar Oil Eng Ltd.Capital Goods
KIRLPNUKirloskar Pneumatic Company Ltd.Capital Goods
KMEWKnowledge Marine & Engineering Works Ltd.Services
KIMSKrishna Institute of Medical Sciences Ltd.Healthcare
KWILKwality Wall's (India) Ltd.Fast Moving Consumer Goods
LTFOODSLT Foods Ltd.Fast Moving Consumer Goods
LATENTVIEWLatent View Analytics Ltd.Information Technology
LXCHEMLaxmi Organic Industries Ltd.Chemicals
IXIGOLe Travenues Technology Ltd.Consumer Services
THELEELALeela Palaces Hotels & Resorts Ltd.Consumer Services
LEMONTREELemon Tree Hotels Ltd.Consumer Services
LLOYDSENGGLloyds Engineering Works Ltd.Capital Goods
LLOYDSENTLloyds Enterprises Ltd.Metals & Mining
LUMAXTECHLumax Auto Technologies Ltd.Automobile and Auto Components
LUMAXINDLumax Industries Ltd.Automobile and Auto Components
MINDSPACEMINDSPACE BUSINESS PARKS REITRealty
MMTCMMTC Ltd.Services
MOILMOIL Ltd.Metals & Mining
MSTCLTDMSTC Ltd.Services
MTARTECHMTAR Technologies Ltd.Capital Goods
MBAPLMadhya Bharat Agro Products Ltd.Chemicals
MGLMahanagar Gas Ltd.Oil Gas & Consumable Fuels
MANAPPURAMManappuram Finance Ltd.Financial Services
MRPLMangalore Refinery & Petrochemicals Ltd.Oil Gas & Consumable Fuels
MANORAMAManorama Industries Ltd.Fast Moving Consumer Goods
MARKSANSMarksans Pharma Ltd.Healthcare
MASTEKMastek Ltd.Information Technology
MEDPLUSMedplus Health Services Ltd.Consumer Services
METROPOLISMetropolis Healthcare Ltd.Healthcare
MINDACORPMinda Corporation Ltd.Automobile and Auto Components
MIDHANIMishra Dhatu Nigam Ltd.Capital Goods
MSUMIMotherson Sumi Wiring India Ltd.Automobile and Auto Components
BECTORFOODMrs. Bectors Food Specialities Ltd.Fast Moving Consumer Goods
NATCOPHARMNATCO Pharma Ltd.Healthcare
NBCCNBCC (India) Ltd.Construction
NCCNCC Ltd.Construction
NEOGENNEOGEN CHEMICALS LTD.Chemicals
NSLNISPNMDC Steel Ltd.Metals & Mining
NFLNational Fertilizers Ltd.Chemicals
NAVANava Ltd.Power
NAZARANazara Technologies Ltd.Media Entertainment & Publication
NEPHROPLUSNephrocare Health Services Ltd.Healthcare
NETWEBNetweb Technologies India Ltd.Information Technology
NETWORK18Network18 Media & Investments Ltd.Media Entertainment & Publication
NEULANDLABNeuland Laboratories Ltd.Healthcare
NEWGENNewgen Software Technologies Ltd.Information Technology
NIVABUPANiva Bupa Health Insurance Company Ltd.Financial Services
NUVAMANuvama Wealth Management Ltd.Financial Services
NUVOCONuvoco Vistas Corporation Ltd.Construction Materials
OLAELECOla Electric Mobility Ltd.Automobile and Auto Components
OLECTRAOlectra Greentech Ltd.Automobile and Auto Components
OMNIOmnitech Engineering Ltd.Capital Goods
KISSHTOnEMI Technology Solutions Ltd.Financial Services
ONESOURCEOnesource Specialty Pharma Ltd.Healthcare
OSWALPUMPSOswal Pumps Ltd.Capital Goods
PNGJLP N Gadgil Jewellers Ltd.Consumer Durables
PCJEWELLERPC Jeweller Ltd.Consumer Durables
PCBLPCBL Chemical Ltd.Chemicals
PGELPG Electroplast Ltd.Consumer Durables
PNBHOUSINGPNB Housing Finance Ltd.Financial Services
PNCINFRAPNC Infratech Ltd.Construction
PTCPTC India Ltd.Power
PTCILPTC Industries Ltd.Capital Goods
PVRINOXPVR INOX Ltd.Media Entertainment & Publication
PARADEEPParadeep Phosphates Ltd.Chemicals
PARASParas Defence and Space Technologies Ltd.Capital Goods
PARKHOSPSPark Medi World Ltd.Healthcare
PGILPearl Global Industries Ltd.Textiles
PFIZERPfizer Ltd.Healthcare
PWLPhysicswallah Ltd.Consumer Services
PICCADILPiccadily Agro Industries Ltd.Fast Moving Consumer Goods
PINELABSPine Labs Ltd.Financial Services
PPLPHARMAPiramal Pharma Ltd.Healthcare
POLYMEDPoly Medicure Ltd.Healthcare
POONAWALLAPoonawalla Fincorp Ltd.Financial Services
POWERMECHPower Mech Projects Ltd.Construction
POWERICAPowerica Ltd.Capital Goods
PRAJINDPraj Industries Ltd.Capital Goods
PRECWIREPrecision Wires India Ltd.Capital Goods
PRICOLLTDPricol Ltd.Automobile and Auto Components
PFOCUSPrime Focus Ltd.Media Entertainment & Publication
PRIVISCLPrivi Speciality Chemicals Ltd.Chemicals
PGHLProcter & Gamble Health Ltd.Healthcare
PGHHProcter & Gamble Hygiene & Health Care Ltd.Fast Moving Consumer Goods
PURVAPuravankara Ltd.Realty
QPOWERQUALITY POWER ELECTRICAL EQUIPMENTS Ltd.Capital Goods
QUESSQuess Corp Ltd.Services
RRKABELR R Kabel Ltd.Capital Goods
RSYSTEMSR Systems International Ltd.Information Technology
RHIMRHI MAGNESITA INDIA LTD.Capital Goods
RITESRITES Ltd.Construction
RAILTELRailtel Corporation Of India Ltd.Telecommunication
RAINRain Industries LtdChemicals
RAINBOWRainbow Childrens Medicare Ltd.Healthcare
RALLISRallis India Ltd.Chemicals
RKFORGERamkrishna Forgings Ltd.Automobile and Auto Components
RCFRashtriya Chemicals & Fertilizers Ltd.Chemicals
RATEGAINRategain Travel Technologies Ltd.Information Technology
RATNAMANIRatnamani Metals & Tubes Ltd.Capital Goods
RTNPOWERRattanIndia Power Ltd.Power
RAYMONDLSLRaymond Lifestyle Ltd.Textiles
RAYMONDRaymond Ltd.Capital Goods
RAYMONDRELRaymond Realty Ltd.Realty
REFEXRefex Industries Ltd.Utilities
RELAXORelaxo Footwears Ltd.Consumer Durables
RPOWERReliance Power Ltd.Power
RELIGAREReligare Enterprises Ltd.Financial Services
RESPONINDResponsive Industries Ltd.Consumer Durables
RBARestaurant Brands Asia Ltd.Consumer Services
ROUTERoute Mobile Ltd.Telecommunication
RUBICONRubicon Research Ltd.Healthcare
SJSS.J.S. Enterprises Ltd.Automobile and Auto Components
SBFCSBFC Finance Ltd.Financial Services
SEDEMACSEDEMAC Mechatronics Ltd.Automobile and Auto Components
SGMARTSG Mart Ltd.Metals & Mining
SIGMAADVSIGMA ADVANCED SYSTEMS LTD.Capital Goods
SJVNSJVN Ltd.Power
SKYGOLDSKY GOLD AND DIAMONDS Ltd.Consumer Durables
SMLMAHSML Mahindra Ltd.Capital Goods
SHRIPISTONSPR Auto Technologies Ltd.Automobile and Auto Components
LOTUSDEVSRI LOTUS DEVELOPERS AND REALTY Ltd.Realty
SAFARISafari Industries (India) Ltd.Consumer Durables
SAGILITYSagility Ltd.Information Technology
SAILIFESai Life Sciences Ltd.Healthcare
SAMHISamhi Hotels Ltd.Consumer Services
SAMMAANCAPSammaan Capital Ltd.Financial Services
SANDUMASandur Manganese & Iron Ores Ltd.Metals & Mining
SANSERASansera Engineering Ltd.Automobile and Auto Components
SAPPHIRESapphire Foods India Ltd.Consumer Services
SARDAENSarda Energy and Minerals Ltd.Metals & Mining
SAREGAMASaregama India LtdMedia Entertainment & Publication
SCHNEIDERSchneider Electric Infrastructure Ltd.Capital Goods
SENCOSenco Gold Ltd.Consumer Durables
SENORESSenores Pharmaceuticals Ltd.Healthcare
SHADOWFAXShadowfax Technologies Ltd.Services
SHAILYShaily Engineering Plastics Ltd.Consumer Durables
SHAKTIPUMPShakti Pumps (India) Ltd.Capital Goods
SHARDACROPSharda Cropchem Ltd.Chemicals
SFLSheela Foam Ltd.Consumer Durables
SHILCTECHShilchar Technologies Ltd.Capital Goods
SHILPAMEDShilpa Medicare Ltd.Healthcare
SCIShipping Corporation of India Ltd.Services
RENUKAShree Renuka Sugars Ltd.Fast Moving Consumer Goods
SHREEJISPGShreeji Shipping Global Ltd.Services
SHYAMMETLShyam Metalics and Energy Ltd.Capital Goods
SIGNATURESignatureglobal (India) Ltd.Realty
SKIPPERSkipper Ltd.Capital Goods
SOBHASobha Ltd.Realty
SONATSOFTWSonata Software Ltd.Information Technology
SOUTHBANKSouth Indian Bank Ltd.Financial Services
STARHEALTHStar Health and Allied Insurance Company Ltd.Financial Services
SWSOLARSterling and Wilson Renewable Energy Ltd.Construction
STARStrides Pharma Science Ltd.Healthcare
STYLAMINDStylam Industries Ltd.Consumer Durables
SUBROSSubros Ltd.Capital Goods
SUDARSCHEMSudarshan Chemical Industries Ltd.Chemicals
SUDEEPPHRMSudeep Pharma Ltd.Chemicals
SUMICHEMSumitomo Chemical India Ltd.Chemicals
SPARCSun Pharma Advanced Research Company Ltd.Healthcare
SUNTVSun TV Network Ltd.Media Entertainment & Publication
SUNDRMFASTSundram Fasteners Ltd.Automobile and Auto Components
SUNFLAGSunflag Iron & Steel Company Ltd.Capital Goods
SUNTECKSunteck Realty Ltd.Realty
SPLPETROSupreme Petrochem Ltd.Chemicals
SUPRIYASupriya Lifescience Ltd.Healthcare
SURYAROSNISurya Roshni Ltd.Capital Goods
SUVENSuven Life Sciences Ltd.Healthcare
SWANCORPSwan Corp Ltd.Chemicals
SYNGENESyngene International Ltd.Healthcare
SYRMASyrma SGS Technology Ltd.Capital Goods
TARCTARC Ltd.Realty
TBOTEKTBO Tek Ltd.Consumer Services
TDPOWERSYSTD Power Systems Ltd.Capital Goods
TTKPRESTIGTTK Prestige Ltd.Consumer Durables
TVSSCSTVS Supply Chain Solutions Ltd.Services
TMBTamilnad Mercantile Bank Ltd.Financial Services
TANLATanla Platforms Ltd.Information Technology
TATACHEMTata Chemicals Ltd.Chemicals
TATAELXSITata Elxsi Ltd.Information Technology
TATATECHTata Technologies Ltd.Information Technology
TTMLTata Teleservices (Maharashtra) Ltd.Telecommunication
TECHNOETechno Electric & Engineering Company Ltd.Construction
TEGATega Industries Ltd.Capital Goods
TEJASNETTejas Networks Ltd.Telecommunication
TENNINDTenneco Clean Air India Ltd.Automobile and Auto Components
TEXRAILTexmaco Rail & Eng. Ltd.Capital Goods
THANGAMAYLThangamayil Jewellery Ltd.Consumer Durables
NIACLThe New India Assurance Company Ltd.Financial Services
RAMCOCEMThe Ramco Cements Ltd.Construction Materials
THOMASCOOKThomas Cook (India) Ltd.Consumer Services
THYROCAREThyrocare Technologies Ltd.Healthcare
TITilaknagar Industries Ltd.Fast Moving Consumer Goods
TIMETECHNOTime Technoplast Ltd.Capital Goods
TIMEXTimex Group India Ltd.Consumer Durables
TIMKENTimken India Ltd.Capital Goods
TIPSMUSICTips Music Ltd.Media Entertainment & Publication
TITAGARHTitagarh Rail Systems Ltd.Capital Goods
TARILTransformers And Rectifiers (India) Ltd.Capital Goods
TRANSRAILLTransrail Lighting Ltd.Capital Goods
TRIDENTTrident Ltd.Textiles
TRITURBINETriveni Turbine Ltd.Capital Goods
UCOBANKUCO BankFinancial Services
UTIAMCUTI Asset Management Company Ltd.Financial Services
UJJIVANSFBUjjivan Small Finance Bank Ltd.Financial Services
UNIMECHUnimech Aerospace and Manufacturing Ltd.Capital Goods
URBANCOUrban Company Ltd.Consumer Services
USHAMARTUsha Martin Ltd.Capital Goods
VGUARDV-Guard Industries Ltd.Consumer Durables
VMARTV-Mart Retail Ltd.Consumer Services
VIPINDV.I.P. Industries Ltd.Consumer Durables
V2RETAILV2 Retail Ltd.Consumer Services
DBREALTYVALOR ESTATE Ltd.Realty
WABAGVa Tech Wabag Ltd.Utilities
VAIBHAVGBLVaibhav Global Ltd.Consumer Durables
VTLVardhman Textiles Ltd.Textiles
MANYAVARVedant Fashions Ltd.Consumer Services
VISLVedanta Iron and Steel Ltd.Metals & Mining
VOGLVedanta Oil and Gas Ltd.Oil Gas & Consumable Fuels
VEDPOWERVedanta Power Ltd.Power
VESUVIUSVesuvius India Ltd.Capital Goods
VIJAYAVijaya Diagnostic Centre Ltd.Healthcare
VIKRAMSOLRVikram Solar Ltd.Capital Goods
VIYASHViyash Scientific Ltd.Healthcare
VOLTAMPVoltamp Transformers LtdCapital Goods
WAAREERTLWaaree Renewable Technologies Ltd.Capital Goods
WAKEFITWakefit Innovations Ltd.Consumer Durables
WEWORKWeWork India Management Ltd.Services
WEBELSOLARWebsol Energy System Ltd.Capital Goods
WELENTWelspun Enterprises Ltd.Construction
WELSPUNLIVWelspun Living Ltd.Textiles
WESTLIFEWestlife Foodworld Ltd.Consumer Services
WHIRLPOOLWhirlpool of India Ltd.Consumer Durables
WOCKPHARMAWockhardt Ltd.Healthcare
YATHARTHYatharth Hospital & Trauma Care Services Ltd.Healthcare
ZFCVINDIAZF Commercial Vehicle Control Systems India Ltd.Automobile and Auto Components
ZAGGLEZaggle Prepaid Ocean Services Ltd.Information Technology
ZEELZee Entertainment Enterprises Ltd.Media Entertainment & Publication
ZENTECZen Technologies Ltd.Capital Goods
ZENSARTECHZensar Technolgies Ltd.Information Technology
ZYDUSWELLZydus Wellness Ltd.Fast Moving Consumer Goods
ECLERXeClerx Services Ltd.Services

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 Smallcap 500 index aims to track the performance of the top 500 small cap stocks selected based on full market capitalization after the Nifty Midcap 150 index. The weight of each stock in the index is based on free float market capitalization.
Rebalanced
Quarterly

Summarised from NSE's official methodology document (PDF) for the Nifty Smallcap 500; the PDF is authoritative.

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Nifty AI CatalystsNifty CementNifty ConstructionNifty InsuranceNifty MidSmallcap400 50:50

Frequently Asked Questions

What is the current Nifty Smallcap 500 PE ratio?

As of 1 October 2026, the Nifty Smallcap 500 PE ratio is 31.78. That is about 0% above its 6-month median of 31.78.

What is a normal PE ratio for the Nifty Smallcap 500?

Over the past six months its median PE has been 31.78, and over the past three months 31.98. Today's 31.78 is toward the lower end of that historical range.

How many stocks are in the Nifty Smallcap 500?

The Nifty Smallcap 500 contains 505 stocks. By number of companies, its largest sectors are Capital Goods (96 stocks), Financial Services (56 stocks) and Healthcare (44 stocks).

What returns has the Nifty Smallcap 500 delivered?

As of September 2026, the Nifty Smallcap 500 total return (with dividends reinvested) is +9.41% 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 Smallcap 500?

Over the year to September 2026, the Nifty Smallcap 500 had an annualized volatility (standard deviation of daily returns) of 17.62%. Its beta versus the Nifty 50 is 1.06, meaning it has moved more than the broad market.

How often is the Nifty Smallcap 500 rebalanced?

The Nifty Smallcap 500 is rebalanced quarterly. Details are in the official NSE methodology document.

Last updated: 1 October 2026.