Nifty Financial Services 25/50 stocks list
NSESector20 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
- 14.21
- 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.
- 2.29
- 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.
- 1.11%
- 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
- −1.69%
- 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
- −8.04%
- 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
- −11.74%
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 0.2% of 1,239 trading days over the last 5 years.
At or below today's level on 0.3% of 744 trading days over the last 3 years.
At or below today's level on 1% of 247 trading days over the last 1 year.
P/E at each month's last trading day, and on 28 Oct 2026
What the Nifty Financial Services 25/50 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 20 companies that filed both.
- +8.5%quarter to Jun 2026
- ProfitProfit after tax, added up. Profit after tax of the quarter to Jun 2026, added up over the 20 companies that filed it; a loss counts as negative.
- ₹1,13,541 Crquarter to Jun 2026
- Filed the quarterCompanies that filed the quarter. How many of the index's 20 listed companies have filed results for the quarter to Jun 2026; the revenue growth and the profit are theirs.
- 20of 20
- Median ROCEMedian return on capital employed. The middle figure of the 3 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.
- 2.5%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 Financial Services 25/50, each sized by its market cap.
Market cap, ₹ crore
- HDFC Bank₹10,56,636 Cr
- ICICI Bank₹9,88,944 Cr
- State Bank of India₹8,83,200 Cr
- Bajaj Finance₹5,71,076 Cr
- Kotak Mahindra Bank₹4,37,707 Cr
- Axis Bank₹3,79,870 Cr
- Bajaj Finserv₹2,64,725 Cr
- Shriram Finance₹1,95,903 Cr
- SBI Life Insurance Company₹1,67,238 Cr
- BSE₹1,42,148 Cr
- Jio Financial Services₹1,35,463 Cr
- Cholamandalam Investment and Finance Company₹1,32,503 Cr
Companies in the Nifty Financial Services 25/50
Largest first, by market cap.Financial Services sector
HDFC BankHDFCBANK · Banks₹685.30+0.75%₹10,56,636 Cr13.20Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.1.90%−31.7%
ICICI BankICICIBANK · Banks₹1,377.60−0.67%₹9,88,944 Cr16.70Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.87%+1.1%
State Bank of IndiaSBIN · Banks₹956.80+1.24%₹8,83,200 Cr10.20Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.1.81%+2.9%
Bajaj FinanceBAJFINANCE · Finance₹917.25+0.58%₹5,71,076 Cr26.30Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.65%−14.5%
Kotak Mahindra BankKOTAKBANK · Banks₹440.00−0.57%₹4,37,707 Cr20.40Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.15%+1.8%
Axis BankAXISBANK · Banks₹1,220.00+1.19%₹3,79,870 Cr12.70Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.08%−2.1%
Bajaj FinservBAJAJFINSV · Finance₹1,652.40−1.47%₹2,64,725 Cr26.10Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.09%−22.8%
Shriram FinanceSHRIRAMFIN · Finance₹832.55+1.09%₹1,95,903 Cr15.40Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.1.30%+15.0%
SBI Life Insurance CompanySBILIFE · Insurance₹1,666.70+2.06%₹1,67,238 Cr63.00Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.16%−13.9%
Cholamandalam Investment and Finance CompanyCHOLAFIN · Finance₹1,545.20+5.19%₹1,32,503 Cr21.30Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.13%−10.3%
HDFC Life Insurance CompanyHDFCLIFE · Insurance₹514.10+0.10%₹1,11,693 Cr54.50Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.41%−31.2%
Power Finance CorporationPFC · Finance₹316.40+0.25%₹1,04,415 Cr4.00Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.5.93%−19.8%
Muthoot FinanceMUTHOOTFIN · Finance₹2,392.70−0.61%₹96,059 Cr8.40Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.1.25%−24.8%
ICICI Lombard General Insurance CompanyICICIGI · Insurance₹1,583.80+0.48%₹79,129 Cr31.00Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.88%−21.6%
RECRECLTD · Finance₹290.00+1.22%₹76,363 Cr5.10Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.4.69%−21.4%
SBI Cards and Payment ServicesSBICARD · Finance₹527.55−0.09%₹50,204 Cr19.30Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.47%−41.8%
LIC Housing FinanceLICHSGFIN · Finance₹510.15+0.03%₹28,061 Cr4.90Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.1.96%−12.9%
About the Nifty Financial Services 25/50
Nifty Financial Services 25/50 is a capped version of the Nifty Financial Services index: no stock may weigh more than 25%, and stocks above 5% together may not weigh more than 50%. It holds every stock of its base index at all times, and the base index comprises at most 20.
How companies are chosen
The base index draws on Nifty 500 constituents representing financial services, across banking, financial institutions, housing finance, NBFC, insurance and other financial services. A company outside the base index joins it if its average free-float market capitalisation is at least 1.5 times that of the base index's smallest constituent.
How it is weighted
Weights follow free-float market capitalisation, subject to caps of 25% for one stock and 50% for the combined weight of stocks above 5%.
A buffer of 10% of each cap limit reduces the chance of a breach between rebalancings. At each quarterly rebalancing, each stock is capped at 22.5%, the top 3 stocks together at 45% (each floored at 4.6%), and stocks below the top 3 at 4.5% each. Capping uses closing prices three trading days before the effective date.
When it is reviewed
Index weights are rebalanced quarterly. Apart from a scheduled semi-annual review, an ad-hoc reconstitution is started if a constituent is suspended, delisted or undergoes a scheme of arrangement.
Base date and value
The index launched on 20 May 2020. Its base date is 1 Jan 2004 and its base value is 1000.
- Published by
- NSE
- Kind
- Sector
- 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
- 20
- 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
- 3 of 20
Sector indices
Others in this group, the most used as a fund's benchmark first.All
- Nifty Financial Services20 companiesP/E 14.56
Nifty Bank14 companiesP/E 12.14- Nifty Hospitals11 companiesP/E 61.72
- Nifty Housing Finance10 companiesP/E 29.33
- Nifty Insurance11 companiesP/E 23.56
Nifty Media10 companiesP/E 41.63- Nifty NBFC21 companiesP/E 17.53
- Nifty Power23 companiesP/E 17.48
- Nifty Retail24 companiesP/E 193.29
- Nifty Telecommunications12 companiesP/E 14.17