Nifty Conglomerate 50 stocks list
NSETheme50 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
- 19.75
- 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.
- 3.60
- 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.
- 1.44%
- 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
- +2.64%
- 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
- −7.00%
- 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
- −4.15%
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 3% of 247 trading days over the last 1 year.
P/E at each month's last trading day, and on 2 Nov 2026
What the Nifty Conglomerate 50 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 44 companies that filed both.
- +20.4%quarter to Jun 2026
- ProfitProfit after tax, added up. Profit after tax of the quarter to Jun 2026, added up over the 50 companies that filed it; a loss counts as negative.
- ₹1,17,658 Crquarter to Jun 2026
- Filed the quarterCompanies that filed the quarter. How many of the index's 50 listed companies have filed results for the quarter to Jun 2026; the revenue growth and the profit are theirs.
- 50of 50
- Median ROCEMedian return on capital employed. The middle figure of the 42 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.
- 12.6%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 Conglomerate 50, each sized by its market cap.
Market cap, ₹ crore
- Tata Consultancy Services₹9,05,137 Cr
- Bajaj Finance₹5,97,318 Cr
- Larsen & Toubro₹5,42,089 Cr
- Adani Ports and Special Economic Zone₹4,27,154 Cr
- Titan Company₹3,97,400 Cr
- Adani Power₹3,76,727 Cr
- Mahindra & Mahindra₹3,56,744 Cr
- Adani Enterprises₹3,54,053 Cr
- UltraTech Cement₹3,35,551 Cr
- JSW Steel₹3,20,330 Cr
- Bajaj Auto₹2,84,120 Cr
- Bajaj Finserv₹2,70,989 Cr
Companies in the Nifty Conglomerate 50
Largest first, by market cap.
Bajaj FinanceBAJFINANCE · Finance₹959.40+2.16%₹5,97,318 Cr27.50Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.63%−8.0%
Adani Ports and Special Economic ZoneADANIPORTS · Transport Infrastructure₹1,854.00+0.22%₹4,27,154 Cr–11.5%0.40%+27.7%
UltraTech CementULTRACEMCO · Cement & Cement Products₹11,387.00+3.10%₹3,35,551 Cr38.1012.7%2.11%−4.7%
Bajaj FinservBAJAJFINSV · Finance₹1,691.50+1.43%₹2,70,989 Cr26.70Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.09%−19.0%
Tata MotorsTMCV · Agricultural, Commercial & Construction Vehicles₹401.40+1.27%₹1,47,827 Cr23.4047.5%1.00%–
Cholamandalam Investment and Finance CompanyCHOLAFIN · Finance₹1,624.40+2.42%₹1,39,294 Cr22.40Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.12%−4.3%
CG Power and Industrial SolutionsCGPOWER · Electrical Equipment₹820.10+2.00%₹1,29,204 Cr93.9017.7%0.16%+11.3%
Aditya Birla CapitalABCAPITAL · Finance₹378.30+2.40%₹1,03,571 Cr22.80Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.None+16.7%
L&T FinanceLTF · Finance₹251.50+2.91%₹63,035 Cr18.40Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.1.09%−7.0%
Coromandel InternationalCOROMANDEL · Fertilizers & Agrochemicals₹1,740.00+2.59%₹51,341 Cr28.0018.4%0.63%−18.1%
Mahindra & Mahindra Financial ServicesM&MFIN · Finance₹261.75+0.02%₹36,388 Cr10.10Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.2.87%−17.0%
Cholamandalam Financial HoldingsCHOLAHLDNG · Finance₹1,401.70+3.73%₹26,321 Cr9.90Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.09%−26.7%
Firstsource SolutionsFSL · Commercial Services & Supplies₹294.50+0.55%₹20,526 Cr28.3019.0%1.87%−16.8%- Central Mine Planning & Design InstituteCMPDI · Commercial Services & Supplies₹182.39+2.20%₹13,023 Cr––1.73%–
About the Nifty Conglomerate 50
The Nifty Conglomerate 50 is an index of up to 50 stocks from the Nifty 500 that belong to India's major conglomerate groups, maintained by NSE Indices Limited. It held 50 companies on 30 Sep 2026.
How companies are chosen
The universe is the stocks in the Nifty 500 at the time of review, except those classified under the industry Banks. They are grouped by business group. A group counts as a conglomerate if it has at least three companies and spans two or more sectors.
The top 3 stocks of each conglomerate by 6-month average free-float market capitalization are taken first. Free-float market capitalization is the market value of the shares available for trading. If that gives more than 50 stocks, the third-ranked stocks of each conglomerate are re-ranked and the excess ones with the lowest average are dropped, then the second-ranked stocks if the count is still above 50. If it gives fewer than 50, the fourth-ranked stock of each conglomerate is added in descending order of that average, then the fifth, and so on. If all conglomerates together hold fewer than 50 stocks, the index keeps the smaller number.
How it is weighted
Each stock is weighted by its free-float market capitalization. At each rebalancing, one conglomerate group is capped at 23% of the index and one stock at 10%. Weights drift between rebalancings as prices move.
When it is reviewed
The index is reviewed and rebalanced quarterly, with the capping done on the last trading day of Mar, Jun, Sep and Dec. Each review uses data for the previous six months ended Jan, Apr, Jul and Oct respectively.
At every review the top 2 stocks of each eligible conglomerate are included, up to the maximum of 50. A non-member company of an eligible conglomerate is added if its 6-month average free-float market capitalization is at least 1.5 times that of the smallest index constituent of that conglomerate. A stock that leaves the Nifty 500 leaves the index, as do the stocks of a conglomerate that stops being eligible. An extra review is started if a constituent is excluded from the Nifty 500, suspended, delisted or goes through a scheme of arrangement.
Base date and value
The index has a base date of 1 Apr 2005 and a base value of 1000. It was launched on 1 Sep 2025. A Total Returns variant, which includes dividends, 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
- 50
- 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
- 18 of 48
Theme indices
Others in this group, the most used as a fund's benchmark first.All
Nifty CPSE11 companiesP/E 11.58
Nifty India Infrastructure & Logistics100 companiesP/E 25.97
Nifty IPO120 companiesP/E 94.06
Nifty MidSmall India Consumption30 companiesP/E 46.62
Nifty Non-Cyclical Consumer30 companiesP/E 43.10- Nifty50 Shariah17 companiesP/E 27.26
Nifty500 Multicap India Manufacturing 50:30:2075 companiesP/E 28.14
Nifty500 Multicap Infrastructure 50:30:2075 companiesP/E 25.11
BSE CPSE53 companiesP/E 11.86
BSE India Manufacturing Index30 companiesP/E 20.22