Nifty AI Catalysts stocks list
NSETheme48 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
- 24.76
- 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.
- 4.12
- 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.
- 1.10%
- 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
- −6.38%
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 27 Oct 2026
What the Nifty AI Catalysts 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 46 companies that filed both.
- +19.0%quarter to Jun 2026
- ProfitProfit after tax, added up. Profit after tax of the quarter to Jun 2026, added up over the 48 companies that filed it; a loss counts as negative.
- ₹56,977 Crquarter to Jun 2026
- Filed the quarterCompanies that filed the quarter. How many of the index's 48 listed companies have filed results for the quarter to Jun 2026; the revenue growth and the profit are theirs.
- 48of 48
- Median ROCEMedian return on capital employed. The middle figure of the 45 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.
- 11.2%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 Nifty AI Catalysts, each sized by its market cap.
Market cap, ₹ crore
- Bharti Airtel₹12,35,000 Cr
- Larsen & Toubro₹5,04,279 Cr
- HCL Technologies₹3,85,340 Cr
- Adani Power₹3,63,883 Cr
- Adani Enterprises₹3,37,077 Cr
- NTPC₹2,92,645 Cr
- Power Grid Corporation of India₹2,34,143 Cr
- Tata Steel₹2,13,993 Cr
- Adani Green Energy₹2,12,321 Cr
- Hindalco Industries₹2,00,273 Cr
- Adani Energy Solutions₹1,60,403 Cr
- Bharat Heavy Electricals₹1,39,248 Cr
Companies in the Nifty AI Catalysts
Largest first, by market cap.
CG Power and Industrial SolutionsCGPOWER · Electrical Equipment₹835.40+0.26%₹1,31,615 Cr95.7017.7%0.16%+14.7%
Hitachi Energy IndiaPOWERINDIA · Electrical Equipment₹28,395.00+5.75%₹1,26,563 Cr110.0025.4%0.03%+70.5%
Navin Fluorine InternationalNAVINFLUOR · Chemicals & Petrochemicals₹8,254.00+7.73%₹42,350 Cr53.6020.7%0.18%+63.6%
Kaynes Technology IndiaKAYNES · Industrial Manufacturing₹3,350.40+1.32%₹22,522 Cr65.208.5%None−50.3%
About the Nifty AI Catalysts
The Nifty AI Catalysts tracks Nifty 500 companies that provide the products, services and infrastructure behind the AI ecosystem, from computing and connectivity to power, cooling and construction. It is maintained by NSE Indices Limited and held 48 companies on 30 Sep 2026.
How companies are chosen
Only companies in the Nifty 500 at the time of review are eligible, and each must fit one of seven groups: cloud computing and AI models; semiconductor equipment, manufacturing and design; data centre and infrastructure development; cooling and thermal management; cables, electrical components and materials; data transmission and connectivity; and energy and power infrastructure.
Within each group, eligible stocks are ranked by their 6-month average free-float market capitalization (the market value of only the shares available for trading, leaving out holdings such as promoters' and the government's), largest first, and selected until 75% of the group's stocks, by number, are covered. If that gives fewer than five stocks, the top five are taken. A group with fewer than five eligible stocks contributes all of them. A stock that leaves the Nifty 500 leaves the index at the next review.
At the 75% cut-off, a stock that is already in the index stays. A new stock at that point enters only if its free-float market capitalization is at least 1.5 times that of the smallest stock in its group before the reconstitution.
How it is weighted
Each stock's weight follows its free-float market capitalization, capped at 3% at rebalancing. If the 3% cap cannot be met, it is relaxed by 0.5% at a time until it can. Weights drift with prices between rebalancings.
When it is reviewed
The index is reconstituted twice a year, every Jun and Dec, using data to the last trading day of Apr and Oct respectively. Weights are rebalanced quarterly, on the last trading day of Mar, Jun, Sep and Dec.
If a member is suspended, delisted or goes through a scheme of arrangement, the index is reconstituted and rebalanced outside the schedule and no replacement is added. Each quarter the index is also screened against SEBI's portfolio concentration norms for ETFs and index funds, and weights are adjusted if it fails.
Base date and value
The index has a base date of 28 Jun 2024 and a base value of 1000. It launched on 11 Sep 2026 and is calculated at the end of each day. A Total Returns variant also exists.
- Published by
- NSE
- 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
- 48
- List last changed
- 9 Oct 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
- 14 of 48
Theme indices
Others in this group, the most used as a fund's benchmark first.All
Nifty Core Housing30 companiesP/E 29.11- Nifty India Corporate Group Index - Aditya Birla Group13 companiesP/E 13.00
- Nifty India Corporate Group Index - Mahindra Group9 companiesP/E 19.70
- Nifty India Corporate Group Index - Tata Group23 companiesP/E 28.41
- Nifty India Corporate Group Index - Tata Group 25% Cap10 companiesP/E 30.72
- Nifty India Defence Equal Weight22 companiesP/E 75.62
Nifty India Select 5 Corporate Groups (MAATR)40 companiesP/E 21.70
Nifty Midcap Liquid 1515 companiesP/E 35.77
Nifty Mobility30 companiesP/E 33.48- Nifty REITs & InvITs15 companiesP/E 56.22