BSE Financials Ex-Banks 30 Index stocks list
BSETheme30 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
- 18.15
- 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.
- 3.59
- 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.
- 0.89%
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 Financials Ex-Banks 30 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 29 companies that filed both.
- +11.3%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.
- ₹65,006 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 9 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.
- 5.1%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 Financials Ex-Banks 30 Index, each sized by its market cap.
Market cap, ₹ crore
- Bajaj Finance₹5,84,555 Cr
- Life Insurance Corporation of India₹5,00,940 Cr
- Bajaj Finserv₹2,67,224 Cr
- Shriram Finance₹1,97,915 Cr
- SBI Life Insurance Company₹1,65,763 Cr
- Cholamandalam Investment and Finance Company₹1,37,562 Cr
- Jio Financial Services₹1,36,685 Cr
- Bajaj Holdings & Investment₹1,13,074 Cr
- HDFC Life Insurance Company₹1,12,323 Cr
- One 97 Communications₹1,08,207 Cr
- Power Finance Corporation₹1,05,801 Cr
- Muthoot Finance₹1,00,251 Cr
Companies in the BSE Financials Ex-Banks 30 Index
Largest first, by market cap.
Bajaj FinanceBAJFINANCE · Finance₹938.90+2.36%₹5,84,555 Cr26.90Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.64%−11.7%
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%
Bajaj FinservBAJAJFINSV · Finance₹1,668.00+0.94%₹2,67,224 Cr26.30Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.09%−21.9%
Shriram FinanceSHRIRAMFIN · Finance₹841.10+1.03%₹1,97,915 Cr15.60Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.1.49%+13.9%
SBI Life Insurance CompanySBILIFE · Insurance₹1,652.00−0.88%₹1,65,763 Cr62.40Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.16%−16.2%
Cholamandalam Investment and Finance CompanyCHOLAFIN · Finance₹1,604.20+3.82%₹1,37,562 Cr22.10Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.12%−6.2%
HDFC Life Insurance CompanyHDFCLIFE · Insurance₹517.00+0.56%₹1,12,323 Cr54.80Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.41%−32.1%
One 97 CommunicationsPAYTM · Financial Technology (Fintech)₹1,686.50+3.37%₹1,08,207 Cr126.601.3%None+28.8%
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%
Muthoot FinanceMUTHOOTFIN · Finance₹2,497.10+4.36%₹1,00,251 Cr8.80Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.1.20%−21.6%
HDFC Asset Management CompanyHDFCAMC · Capital Markets₹2,316.70+0.73%₹99,403 Cr33.4039.7%2.33%−14.2%
Indian Railway Finance CorporationIRFC · Finance₹75.71+1.45%₹98,942 Cr13.40Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.2.91%−39.5%
Aditya Birla CapitalABCAPITAL · Finance₹358.35+0.66%₹98,109 Cr23.90Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.None+15.3%
Multi Commodity Exchange of IndiaMCX · Capital Markets₹3,231.00+1.58%₹82,388 Cr53.4063.7%0.25%+76.1%
ICICI Lombard General Insurance CompanyICICIGI · Insurance₹1,572.90−0.69%₹78,584 Cr30.80Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.89%−22.5%
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%
L&T FinanceLTF · Finance₹251.05+1.85%₹62,922 Cr18.40Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.1.10%−6.4%
ICICI Life InsuranceICICILIFE · Insurance₹411.95−0.01%₹59,783 Cr34.00Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.40%−31.5%
Nippon Life India Asset ManagementNAM-INDIA · Capital Markets₹923.90+0.15%₹59,133 Cr36.6041.4%2.38%+7.7%
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%
SBI Cards and Payment ServicesSBICARD · Finance₹540.00+2.36%₹51,389 Cr19.70Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.46%−40.7%
Piramal FinancePIRAMALFIN · Finance₹1,864.80+3.38%₹44,127 Cr23.20Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.59%–
Poonawalla FincorpPOONAWALLA · Finance₹441.50+9.49%₹38,879 Cr35.70Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.None−9.5%
Mahindra & Mahindra Financial ServicesM&MFIN · Finance₹264.80+0.68%₹36,812 Cr10.20Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.2.83%−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%
Funds that follow the BSE Financials Ex-Banks 30 Index
1 index fund or ETF tracks the BSE Financials Ex-Banks 30 Index.
Motilal Oswal BSE Financials ex Bank 30 Index FundIndex Fund · Motilal Oswal Mutual FundNAV₹15.90591Y−12.51%3Y+10.02%5Y–Size₹32 CrCost0.54%
About the BSE Financials Ex-Banks 30 Index
The BSE Financials Ex-Banks 30 Index measures the performance of 30 companies from the BSE 250 LargeMidCap Index classified as Financial Services, excluding public sector banks, private sector banks and other banks. It is maintained by BSE Index Services Private Limited.
How companies are chosen
At each rebalancing the index ranks the eligible stocks by average six-month daily float-adjusted market capitalization. The highest ranked 24 stocks are selected automatically. Existing constituents ranked 25 to 36 are then selected until the count of 30 is reached, and if it still falls short, the highest-ranked non-members are added.
If fewer than 30 stocks are eligible, all of them form the index. In the index's history before 2018 fewer than 30 stocks were eligible, so it held fewer than 30 companies.
How it is weighted
Constituents are weighted by float-adjusted market capitalization, with a single company capped at 15%. Excess weight is redistributed proportionally to uncapped constituents.
The float counted is a company's available float, which its investable weight factor (IWF) defines.
When it is reviewed
The index rebalances semi-annually, effective from the Monday after the third Friday of Jun and Dec. The reference date is after the close of the last trading day of Apr and Oct.
No stocks are added between rebalancings, so the count can fall below 30 if deletions are made. A constituent whose industry classification becomes ineligible is removed at the next rebalancing.
Base date and value
The index was launched on 16 Nov 2021, with values calculated from 15 Jun 2007.
- Published by
- BSE
- Kind
- Theme
- 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
- 3 of 30
Theme indices
Others in this group, the most used as a fund's benchmark first.All
BSE Internet Economy20 companiesP/E 37.87- BSE REITS and Commercial Real Estate14 companiesP/E 43.06
- Nifty Conglomerate 5050 companiesP/E 19.60
Nifty CPSE11 companiesP/E 11.64
Nifty India Infrastructure & Logistics100 companiesP/E 26.09
Nifty IPO120 companiesP/E 99.00
Nifty MidSmall India Consumption30 companiesP/E 47.21
Nifty Non-Cyclical Consumer30 companiesP/E 42.95- Nifty50 Shariah18 companiesP/E 25.12
Nifty500 Multicap India Manufacturing 50:30:2075 companiesP/E 27.84