indexPe

Nifty500 Multicap India Manufacturing 50:30:20 PE Ratio

Fairly ValuedThematicNSELast updated: 1 Oct 2026
Select Metric:
Current PE Ratio
28.37
1Y Median PE
29.40
vs 1Y Median
-3.50%

Valuation Percentile

Nifty500 Multicap India Manufacturing 50:30:20's PB is cheaper than 100% of the last year.

Not enough history for a 5Y percentile, showing 1Y instead.

As of 1 Oct 2026 ยท 1Y daily data (246 obs)

The Nifty500 Multicap India Manufacturing 50:30:20 PE ratio is 28.37 as of 1 October 2026, about 4% below its 1-year median of 29.40, which places it in fairly valued territory on a historical basis.

PE Ratio vs Historical Medians

PeriodMedian PECurrent vs Median
1 Year29.40-3.50%

Historical PE Ratio

Series start. P/E is published from 6 Mar 2024. Index values go back to 2 Jan 2006.

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.

Nifty500 Multicap India Manufacturing 50:30:20 index earnings (EPS, index points)

Nifty500 Multicap India Manufacturing 50:30:20 earnings grew +7.98% a year over the last 1 year, while the index moved +1.66% a year and its P/E went from 30.1 to 28.4.

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 Nifty500 Multicap India Manufacturing 50:30:20

0 ETFs and 1 index fund track this index. Prices and NAVs as of 1 Oct 2026.

Index funds (1)

FundAMCNAVSince
Tata Nifty500 Multicap India Manufacturing 50 30 20 Index FundTata Asset Management Private Limited11.71 Oct 20262024

Listed for information only, not a recommendation. Check expense ratio and tracking difference before investing.

Stocks in the Nifty500 Multicap India Manufacturing 50:30:20

The Nifty500 Multicap India Manufacturing 50:30:20 contains 75 constituents. Its largest sectors by number of companies are Healthcare (19) and Automobile and Auto Components (16).

Healthcare: 19Automobile and Auto Components: 16Capital Goods: 16Chemicals: 9Consumer Durables: 7Metals & Mining: 4+2 more sectors

Recent changes

4 October 2026: Added Acutaas Chemicals Ltd., Apollo Tyres Ltd., GE Vernova T&D India Ltd., KEI Industries Ltd., Kirloskar Oil Eng Ltd., National Aluminium Co. Ltd., Onesource Specialty Pharma Ltd.. Removed Astral Ltd., Chambal Fertilizers & Chemicals Ltd., Cohance Lifesciences Ltd., Exide Industries Ltd., Hindustan Copper Ltd., Polycab India Ltd., Whirlpool of India Ltd..

23 July 2026: Added Force Motors Ltd.. Removed J.B. Chemicals & Pharmaceuticals Ltd..

SymbolCompanyIndustry
APLAPOLLOAPL Apollo Tubes Ltd.Capital Goods
AARTIINDAarti Industries Ltd.Chemicals
ACUTAASAcutaas Chemicals Ltd.Healthcare
ALKEMAlkem Laboratories Ltd.Healthcare
ARE&MAmara Raja Energy & Mobility Ltd.Automobile and Auto Components
AMBERAmber Enterprises India Ltd.Consumer Durables
APOLLOTYREApollo Tyres Ltd.Automobile and Auto Components
ASAHIINDIAAsahi India Glass Ltd.Automobile and Auto Components
ASHOKLEYAshok Leyland Ltd.Capital Goods
ATHERENERGAther Energy Ltd.Automobile and Auto Components
ATULAtul Ltd.Chemicals
AUROPHARMAAurobindo Pharma Ltd.Healthcare
BAJAJ-AUTOBajaj Auto Ltd.Automobile and Auto Components
BELBharat Electronics Ltd.Capital Goods
BHARATFORGBharat Forge Ltd.Automobile and Auto Components
BHELBharat Heavy Electricals Ltd.Capital Goods
CARBORUNIVCarborundum Universal Ltd.Capital Goods
CASTROLINDCastrol India Ltd.Oil Gas & Consumable Fuels
CIPLACipla Ltd.Healthcare
CROMPTONCrompton Greaves Consumer Electricals Ltd.Consumer Durables
DEEPAKNTRDeepak Nitrite Ltd.Chemicals
DIVISLABDivi's Laboratories Ltd.Healthcare
DIXONDixon Technologies (India) Ltd.Consumer Durables
DRREDDYDr. Reddy's Laboratories Ltd.Healthcare
EICHERMOTEicher Motors Ltd.Automobile and Auto Components
ELGIEQUIPElgi Equipments Ltd.Capital Goods
FORCEMOTForce Motors Ltd.Automobile and Auto Components
GVT&DGE Vernova T&D India Ltd.Capital Goods
GLANDGland Pharma Ltd.Healthcare
GLENMARKGlenmark Pharmaceuticals Ltd.Healthcare
GRANULESGranules India Ltd.Healthcare
HAVELLSHavells India Ltd.Consumer Durables
HEROMOTOCOHero MotoCorp Ltd.Automobile and Auto Components
HSCLHimadri Speciality Chemical Ltd.Chemicals
HINDALCOHindalco Industries Ltd.Metals & Mining
HALHindustan Aeronautics Ltd.Capital Goods
HINDPETROHindustan Petroleum Corporation Ltd.Oil Gas & Consumable Fuels
INOXWINDInox Wind Ltd.Capital Goods
JSWSTEELJSW Steel Ltd.Metals & Mining
KEIKEI Industries Ltd.Capital Goods
KAJARIACERKajaria Ceramics Ltd.Consumer Durables
KAYNESKaynes Technology India Ltd.Capital Goods
KIRLOSENGKirloskar Oil Eng Ltd.Capital Goods
LAURUSLABSLaurus Labs Ltd.Healthcare
LUPINLupin Ltd.Healthcare
M&MMahindra & Mahindra Ltd.Automobile and Auto Components
MANKINDMankind Pharma Ltd.Healthcare
MARUTIMaruti Suzuki India Ltd.Automobile and Auto Components
MSUMIMotherson Sumi Wiring India Ltd.Automobile and Auto Components
NATCOPHARMNATCO Pharma Ltd.Healthcare
NATIONALUMNational Aluminium Co. Ltd.Metals & Mining
NAVINFLUORNavin Fluorine International Ltd.Chemicals
NEULANDLABNeuland Laboratories Ltd.Healthcare
ONESOURCEOnesource Specialty Pharma Ltd.Healthcare
PGELPG Electroplast Ltd.Consumer Durables
PIINDPI Industries Ltd.Chemicals
PAGEINDPage Industries Ltd.Textiles
PPLPHARMAPiramal Pharma Ltd.Healthcare
RELIANCEReliance Industries Ltd.Oil Gas & Consumable Fuels
SRFSRF Ltd.Chemicals
SAILIFESai Life Sciences Ltd.Healthcare
SONACOMSSona BLW Precision Forgings Ltd.Automobile and Auto Components
SUNPHARMASun Pharmaceutical Industries Ltd.Healthcare
SUPREMEINDSupreme Industries Ltd.Capital Goods
SUZLONSuzlon Energy Ltd.Capital Goods
TATACHEMTata Chemicals Ltd.Chemicals
TMPVTata Motors Passenger Vehicles Ltd.Automobile and Auto Components
TATASTEELTata Steel Ltd.Metals & Mining
TIMKENTimken India Ltd.Capital Goods
TIINDIATube Investments of India Ltd.Automobile and Auto Components
UPLUPL Ltd.Chemicals
VOLTASVoltas Ltd.Consumer Durables
WELCORPWelspun Corp Ltd.Capital Goods
WOCKPHARMAWockhardt Ltd.Healthcare
ZFCVINDIAZF Commercial Vehicle Control Systems India Ltd.Automobile and Auto Components

Constituent list as of 4 October 2026, sourced from NSE Indices.

How this index works

Selection
The Nifty500 Multicap India Manufacturing 50:30:20 aims to track the performance of select large cap, mid cap and small cap stsocks from the Nifty 500 index that represent the manufacturing 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 Nifty500 Multicap India Manufacturing 50:30:20; the PDF is authoritative.

Stay Updated

Get weekly market insights and valuation updates delivered to your inbox.

Similar Indices

Nifty Capital MarketsNifty CommoditiesNifty Conglomerate 50Nifty Core HousingNifty CPSE

Frequently Asked Questions

What is the current Nifty500 Multicap India Manufacturing 50:30:20 PE ratio?

As of 1 October 2026, the Nifty500 Multicap India Manufacturing 50:30:20 PE ratio is 28.37. That is about 4% below its 1-year median of 29.40.

Is the Nifty500 Multicap India Manufacturing 50:30:20 undervalued right now?

On a historical basis it screens as fairly valued. Its current PE of 28.37 sits below every median window: 1-year (29.40).

What is a normal PE ratio for the Nifty500 Multicap India Manufacturing 50:30:20?

Over the past one year its median PE has been 29.40, and over the past six months 29.82. Today's 28.37 is toward the lower end of that historical range.

How many stocks are in the Nifty500 Multicap India Manufacturing 50:30:20?

The Nifty500 Multicap India Manufacturing 50:30:20 contains 75 stocks. By number of companies, its largest sectors are Healthcare (19 stocks), Automobile and Auto Components (16 stocks) and Capital Goods (16 stocks).

How fast have Nifty500 Multicap India Manufacturing 50:30:20 earnings grown?

Nifty500 Multicap India Manufacturing 50:30:20 earnings, measured as the index level divided by its P/E, grew +7.98% a year over the last 1 year, while the index itself moved +1.66% a year and its P/E fell from 30.13 to 28.37. Past growth, not a forecast.

Last updated: 1 October 2026.