BSE Quality 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
- 27.11
- 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.
- 11.90
- 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.
- 1.37%
- 1MOne-month return of an index. The latest close against the close a month earlier, on the same date or the last trading day before it, as a percentage. One-month return of an index in the glossary
- −2.73%
- 3MThree-month return of an index. The latest close against the close three months earlier, on the same date or the last trading day before it, as a percentage. Three-month return of an index in the glossary
- −10.08%
- 1YOne-year return of an index. The latest close against the close a year earlier, on the same date or the last trading day before it, as a percentage. One-year return of an index in the glossary
- −8.16%
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.
At or below today's level on 60% of 2,479 trading days over the last 10 years.
At or below today's level on 67% of 1,240 trading days over the last 5 years.
At or below today's level on 45% of 744 trading days over the last 3 years.
At or below today's level on 11% of 247 trading days over the last 1 year.
P/E at each month's last trading day, and on 30 Oct 2026
What the BSE Quality 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 27 companies that filed both.
- +21.4%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.
- ₹49,713 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 26 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.
- 43.7%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 Quality Index, each sized by its market cap.
Market cap, ₹ crore
- Tata Consultancy Services₹9,05,463 Cr
- Infosys₹4,80,906 Cr
- Hindustan Unilever₹4,38,105 Cr
- ITC₹3,32,811 Cr
- Hindustan Aeronautics₹3,24,603 Cr
- Nestle India₹2,25,034 Cr
- Hindustan Zinc₹2,13,717 Cr
- ABB India₹1,35,897 Cr
- ICICI Prudential Asset Management Company₹1,33,791 Cr
- Britannia Industries₹1,11,763 Cr
- Marico₹1,04,016 Cr
- Hero MotoCorp₹1,03,413 Cr
Companies in the BSE Quality Index
Largest first, by market cap.
Hindustan UnileverHINDUNILVR · Diversified FMCGDemerger₹1,864.60+0.34%₹4,38,105 Cr29.1029.0%2.18%−23.2%
ICICI Prudential Asset Management CompanyICICIAMC · Capital Markets₹2,706.90−1.28%₹1,33,791 Cr37.9085.0%2.12%–
HDFC Asset Management CompanyHDFCAMC · Capital Markets₹2,309.50−0.31%₹99,095 Cr33.3039.7%2.34%−13.9%
Oracle Financial Services SoftwareOFSS · IT - Software₹9,995.00+0.56%₹87,058 Cr24.4060.1%4.00%+16.1%
Multi Commodity Exchange of IndiaMCX · Capital Markets₹3,188.80−1.31%₹81,312 Cr52.7063.7%0.25%+75.2%
Nippon Life India Asset ManagementNAM-INDIA · Capital Markets₹905.00−2.05%₹57,924 Cr35.8041.4%2.43%+3.8%
National Aluminium CompanyNATIONALUM · Non - Ferrous Metals₹314.55−2.77%₹57,771 Cr8.6038.9%3.66%+32.1%
GlaxoSmithKline PharmaceuticalsGLAXO · Pharmaceuticals & Biotechnology₹2,494.30−0.83%₹42,255 Cr39.6056.3%2.29%−4.9%
Indian Railway Catering and Tourism CorporationIRCTC · Leisure Services₹436.20−1.77%₹34,896 Cr25.1037.3%2.06%−40.1%
Procter & Gamble Hygiene and Health CarePGHH · Personal Products₹6,851.00−1.05%₹22,239 Cr28.10137.6%3.72%−48.9%
Bayer CropscienceBAYERCROP · Fertilizers & Agrochemicals₹3,256.70−1.01%₹14,636 Cr20.0026.2%4.61%−33.9%
Funds that follow the BSE Quality Index
3 index funds and ETFs track the BSE Quality Index; 1 other fund uses it as its benchmark.
Motilal Oswal BSE Quality Index FundIndex Fund · Motilal Oswal Mutual FundNAV₹15.99751Y−7.20%3Y+10.96%5Y–Size₹59 CrCost0.55%
Tata BSE Quality Index FundIndex Fund · Tata Mutual FundNAV₹10.42291Y−7.35%3Y–5Y–Size₹57 CrCost0.53%- Motilal Oswal BSE Quality ETFETF · Motilal Oswal Mutual FundNAV₹182.49231Y−7.10%3Y+11.11%5Y–Size₹34 CrCost0.79%
About the BSE Quality Index
The BSE Quality Index measures the performance of the 30 highest quality companies in the BSE LargeMidCap, ranked by a quality score built from return on equity, accruals ratio and financial leverage ratio. It is maintained by BSE Index Services Pvt. Ltd.
How companies are chosen
The universe is the BSE LargeMidCap, a size sub-index of the BSE AllCap. A company must have an average daily float-adjusted market capitalization of at least ₹2,000 crore, an annualized traded value of at least ₹1,000 crore and no more than five non-trading days in the past six months.
Eligible companies are ranked by quality score. The top 24 are selected whether or not they are current members, then existing members ranked 25 to 36 are added in rank order until the count reaches 30. A stock whose earnings per share or book value per share behind its return on equity is negative is ineligible.
How it is weighted
The quality score starts from three ratios. Return on equity is trailing 12-month earnings per share divided by the latest book value per share. The accruals ratio is the change in net operating assets over the last year divided by average total assets over the last two years. The financial leverage ratio is latest total debt divided by book value.
Each ratio is turned into a z-score, a way of standardizing a variable so that variables on different scales can be combined. The three z-scores are averaged, except that the accruals ratio is left out for Financial Services and Realty companies.
Average z-scores are held between 4 and -4. A positive average z-score gives a quality score of 1 plus the z-score, and a negative one gives 1 divided by (1 minus the z-score).
Each company is weighted by its float-adjusted market capitalization weight times its quality score. A security's weight is at most the lower of 5% and 20 times its float-adjusted market capitalization weight in the eligible universe, one India Industry Classification Structure macroeconomic indicator is capped at 30%, and each stock is floored at 0.05%. Diversified companies are treated as Industrials.
When it is reviewed
The index is rebalanced twice a year, effective from market open on the Monday after the third Friday of Mar and Sep. The fundamental data reference date is five weeks before the rebalancing date.
No company is added between rebalancings, so the count can fall below 30 after deletions. Companies added to the Graded Surveillance Measure (GSM) list are dropped monthly and stay out until they have been off the list for six consecutive months before a rebalancing reference date.
Base date and value
The index was launched on 3 Dec 2015. 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
- 6 of 30
Strategy indices
Others in this group, the most used as a fund's benchmark first.All
Nifty Alpha 5050 companiesP/E 24.36- Nifty100 Equal Weight100 companiesP/E 18.64
- BSE Low Volatility Index30 companiesP/E 25.32
- BSE Midcap 150 Momentum 3030 companiesP/E 23.49
BSE Select IPO71 companiesP/E 55.39
Nifty Midcap150 Quality 5050 companiesP/E 28.36
Nifty MidSmallcap400 Momentum Quality 100100 companiesP/E 27.79
Nifty Top 10 Equal Weight10 companiesP/E 16.37
Nifty100 Quality 3030 companiesP/E 25.50
Nifty200 Alpha 3030 companiesP/E 16.31