BSE Enhanced Value Index stocks list
BSEStrategy30 companies
- P/EPrice to earnings of an index. The index's P/E as the exchange publishes it with the close: its members' market value divided by their profit over the last twelve months, each member counted as the index weighs it. Price to earnings of an index: how it is worked out
- 8.72
- P/BPrice to book of an index. The index's P/B as the exchange publishes it: its members' market value divided by their net worth, the assets they own less everything they owe.
- 1.49
- Dividend yieldDividend yield of an index. The index's dividend yield as the exchange publishes it: dividends its members paid over the last twelve months as a percentage of their market value.
- 2.27%
P/E against its own past
Where today's P/E sits among every trading day of each window: the dot is today, the tick the middle day.
P/E at each month's last trading day, and on 29 Oct 2026
What the BSE Enhanced Value Index companies earned
Revenue against the same quarter a year earlier, over today's members that filed both; profit after tax added up over the members that filed the quarter. A quarter fewer than 60% of them filed is left out, and the newest is added once nearly as many have filed it as the one before.
- Revenue growthRevenue growth, against a year earlier. Revenue of the quarter to Jun 2026 against the same quarter a year earlier, added up over the 28 companies that filed both.
- +14.5%quarter to Jun 2026
- ProfitProfit after tax, added up. Profit after tax of the quarter to Jun 2026, added up over the 30 companies that filed it; a loss counts as negative.
- ₹1,02,417 Crquarter to Jun 2026
- Filed the quarterCompanies that filed the quarter. How many of the index's 30 listed companies have filed results for the quarter to Jun 2026; the revenue growth and the profit are theirs.
- 30of 30
- Median ROCEMedian return on capital employed. The middle figure of the 13 companies' ROCE for the year to Mar 2026, half above and half below. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them.
- 11.9%year to Mar 2026
Revenue against the same quarter a year earlier, per cent
Profit after tax, ₹ crore, added up over the companies that filed
The largest companies
The 12 largest companies in the BSE Enhanced Value Index, each sized by its market cap.
Market cap, ₹ crore
- State Bank of India₹8,97,138 Cr
- Life Insurance Corporation of India₹5,00,940 Cr
- Oil & Natural Gas Corporation₹2,84,050 Cr
- Coal India₹2,42,257 Cr
- Hindalco Industries₹1,99,172 Cr
- Indian Oil Corporation₹1,84,155 Cr
- Punjab National Bank₹1,42,398 Cr
- Union Bank of India₹1,42,367 Cr
- Bharat Petroleum Corporation₹1,25,470 Cr
- Bank of Baroda₹1,24,790 Cr
- Indian Bank₹1,16,391 Cr
- Canara Bank₹1,08,657 Cr
Companies in the BSE Enhanced Value Index
Largest first, by market cap.
State Bank of IndiaSBIN · Banks₹971.90+1.58%₹8,97,138 Cr10.40Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.1.79%+3.4%
Life Insurance Corporation of IndiaLICI · Insurance₹396.00+1.16%₹5,00,940 Cr8.30Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.2.53%−12.8%
Punjab National BankPNB · Banks₹123.90+2.98%₹1,42,398 Cr6.20Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.2.42%+2.3%
Union Bank of IndiaUNIONBANK · Banks₹186.50+1.92%₹1,42,367 Cr6.50Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.2.68%+27.6%
Bank of BarodaBANKBARODA · Banks₹241.31+4.09%₹1,24,790 Cr–Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.3.52%−12.1%
Indian BankINDIANB · Banks₹864.10+2.89%₹1,16,391 Cr8.80Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.2.11%+1.1%
Canara BankCANBK · Banks₹119.79+1.67%₹1,08,657 Cr5.30Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.3.51%−7.0%
Power Finance CorporationPFC · Finance₹320.60+1.33%₹1,05,801 Cr4.10Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.5.85%−21.6%
RECRECLTD · Finance₹296.15+2.12%₹77,983 Cr5.20Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.4.59%−23.2%
Hindustan Petroleum CorporationHINDPETRO · Petroleum Products₹342.30−1.40%₹72,835 Cr50.701.0%7.08%−27.0%
Bank of MaharashtraMAHABANK · Banks₹81.00+1.31%₹62,302 Cr7.80Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.2.72%+35.5%
Bank of IndiaBANKINDIA · Banks₹135.70+2.11%₹61,780 Cr4.90Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.3.43%−3.6%
General Insurance Corporation of IndiaGICRE · Insurance₹322.30−0.86%₹56,544 Cr6.40Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.4.11%−16.6%
LIC Housing FinanceLICHSGFIN · Finance₹514.00+0.75%₹28,273 Cr4.90Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.1.95%−13.4%
UCO BankUCOBANK · Banks₹22.17+0.32%₹27,800 Cr9.30Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.1.98%−32.4%
The New India Assurance CompanyNIACL · Insurance₹166.64+1.34%₹27,462 Cr38.30Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.90%−12.7%
Central Bank of IndiaCENTRALBK · Banks₹29.22+1.00%₹26,448 Cr5.50Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.2.74%−27.3%
Bandhan BankBANDHANBNK · Banks₹161.84+4.17%₹26,075 Cr14.00Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.93%−6.0%
AWL Agri BusinessAWL · Agricultural Food & other Products₹163.94−0.94%₹21,307 Cr18.5014.2%0.61%−40.5%
Funds that follow the BSE Enhanced Value Index
2 index funds and ETFs track the BSE Enhanced Value Index.
Motilal Oswal BSE Enhanced Value Index FundIndex Fund · Motilal Oswal Mutual FundNAV₹25.60581Y−6.59%3Y+19.10%5Y–Size₹2,228 CrCost0.55%- Motilal Oswal BSE Enhanced Value ETFETF · Motilal Oswal Mutual FundNAV₹105.64411Y−6.43%3Y+19.52%5Y–Size₹162 CrCost0.48%
About the BSE Enhanced Value Index
The BSE Enhanced Value Index is the 30 companies in the BSE LargeMidCap with the highest value scores, built from three ratios: book value, earnings and sales, each divided by price. It is maintained by BSE Index Services Pvt. Ltd.
How companies are chosen
Members come from the BSE LargeMidCap. A company is eligible at a rebalancing if its average daily float-adjusted market capitalization is at least ₹2,000 crore, its annualized traded value is at least ₹1,000 crore and its turnover ratio is at least 20%. The turnover ratio is annualized traded value divided by average daily float-adjusted market capitalization.
A company must also have no more than five non-trading days in the past six months.
Book value is the latest figure per share, and earnings and sales are trailing 12-month figures per share. Each ratio becomes a z-score (calculated using the mean and standard deviation of that ratio within the universe) and the three are averaged. A positive average z-score gives a value score of 1 plus that z-score, and a negative one gives 1 divided by (1 minus the z-score).
Eligible companies are ranked by value score: the top 24 are selected, and existing members ranked 25 to 36 fill the remaining places up to 30.
How it is weighted
Each company is weighted by the product of its float-adjusted market capitalization weight in the eligible universe and its value score, subject to security and sector constraints.
A single security can weigh at most the lower of 5% and 20 times its float-adjusted market capitalization weight, and the companies in any one macro-economic indicator of the common India Industry Classification Structure together at most 30%. Each stock's weight is floored at 0.05%.
When it is reviewed
The index is rebalanced twice a year, effective from the Monday after the third Friday of Mar and Sep. Fundamental data are taken five weeks before the rebalancing date.
No companies are added between rebalancings.
Base date and value
The index was launched on 3 Dec 2015, and its first value date is 16 Sep 2005.
- Published by
- BSE
- Kind
- Strategy
- CompaniesCompanies in an index. How many companies the index holds on its current list, which the exchange revises from time to time. Companies in an index in the glossary
- 30
- List last changed
- 30 Sep 2026
- Above 200-day averageMembers above their 200-day average. The share of the index's members whose latest close is above their own average close of the last 200 trading days; members listed too recently to have one are left out. Members above their 200-day average in the glossary
- 5 of 30
Strategy indices
Others in this group, the most used as a fund's benchmark first.All
- BSE LargeMid (60:40) Stable Dividend 5050 companiesP/E 23.64
Nifty Top 15 Equal Weight15 companiesP/E 18.00
Nifty Top 20 Equal Weight20 companiesP/E 19.55
Nifty Total Market Momentum Quality 5050 companiesP/E 33.05
Nifty500 Flexicap Quality 3030 companiesP/E 30.24- Nifty500 Low Volatility 5050 companiesP/E 20.91
- Nifty500 Multicap Momentum Quality 5050 companiesP/E 27.79
- Nifty500 Quality 5050 companiesP/E 24.23
BSE 500 Dividend Leaders 5050 companiesP/E 11.16- BSE 500 Momentum 5050 companiesP/E 28.60