Nifty Midcap Liquid 15 stocks list
NSETheme15 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
- 35.97
- 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.
- 4.07
- 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.
- 0.84%
- 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
- −4.18%
- 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
- −7.20%
- 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
- −2.78%
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 72% of 2,479 trading days over the last 10 years.
At or below today's level on 62% of 1,239 trading days over the last 5 years.
At or below today's level on 37% of 744 trading days over the last 3 years.
At or below today's level on 12% of 247 trading days over the last 1 year.
P/E at each month's last trading day, and on 29 Oct 2026
What the Nifty Midcap Liquid 15 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 15 companies that filed both.
- +16.7%quarter to Jun 2026
- ProfitProfit after tax, added up. Profit after tax of the quarter to Jun 2026, added up over the 15 companies that filed it; a loss counts as negative.
- ₹8,102 Crquarter to Jun 2026
- Filed the quarterCompanies that filed the quarter. How many of the index's 15 listed companies have filed results for the quarter to Jun 2026; the revenue growth and the profit are theirs.
- 15of 15
- Median ROCEMedian return on capital employed. The middle figure of the 13 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.
- 25.2%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 Midcap Liquid 15, each sized by its market cap.
Market cap, ₹ crore
- Bharat Heavy Electricals₹1,39,962 Cr
- One 97 Communications₹1,08,207 Cr
- GE Vernova T&D India₹1,04,749 Cr
- Hero MotoCorp₹1,02,172 Cr
- Indus Towers₹1,01,305 Cr
- Persistent Systems₹97,510 Cr
- Bharat Forge₹86,314 Cr
- Ashok Leyland₹85,171 Cr
- Multi Commodity Exchange of India₹82,388 Cr
- Dixon Technologies (India)₹70,273 Cr
- IndusInd Bank₹67,630 Cr
- Swiggy₹51,135 Cr
Companies in the Nifty Midcap Liquid 15
Largest first, by market cap.
One 97 CommunicationsPAYTM · Financial Technology (Fintech)₹1,686.50+3.37%₹1,08,207 Cr126.601.3%None+28.8%
Ashok LeylandASHOKLEY · Agricultural, Commercial & Construction Vehicles₹145.00+0.10%₹85,171 Cr24.5011.9%2.41%+4.0%
Multi Commodity Exchange of IndiaMCX · Capital Markets₹3,231.00+1.58%₹82,388 Cr53.4063.7%0.25%+76.1%
IndusInd BankINDUSINDBK · Banks₹868.00+2.00%₹67,630 Cr22.50Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.17%+7.5%
Yes BankYESBANK · Banks₹15.43−1.15%₹48,433 Cr11.50Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.None−32.0%
About the Nifty Midcap Liquid 15
The Nifty Midcap Liquid 15 is an index of 15 liquid midcap companies, maintained by NSE Indices Limited. It is designed to give exposure to liquid midcap stocks while staying easily replicable and tradable.
How companies are chosen
The universe is the companies in the Nifty Midcap 50, and all constituents have derivatives traded on them.
A company qualifies when its turnover ratio, a month's aggregate turnover divided by its average free float during the month, times 12, is above 100% in at least 3 of the last 6 months. The eligible companies are ranked by free float market capitalisation and the top 15 are selected.
A member leaves when its ratio is below 100% in 3 of the previous 6 months. At most 4 stocks are replaced in one review, a limit that may not apply when stocks leave the futures and options segment or the Nifty Midcap 50. A member that still qualifies can also be replaced by a stock with 1.5 times its free float market capitalisation.
How it is weighted
Weights follow free float market capitalisation, with each stock capped at 15% when the index is rebalanced. The cap is realigned when a stock is replaced and each quarter, from the last trading day of Mar, Jun, Sep and Dec.
Between rebalancings a stock's weight can rise above 15%.
When it is reviewed
The index is reviewed twice a year, using average data for the six months to the last trading day of Jan and Jul. Four weeks of notice are given before a change.
Base date and value
The index launched on 8 May 2014. Its base date is 1 Jan 2009 and its base value is 1000.
- 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
- 15
- 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
- 4 of 15
Theme indices
Others in this group, the most used as a fund's benchmark first.All
Nifty Mobility30 companiesP/E 33.77- Nifty REITs & InvITs15 companiesP/E 56.03
- Nifty REITs & InvITs 90:1015 companiesP/E 69.36
Nifty Shariah 2525 companiesP/E 25.18- Nifty Small Finance Banks & Microfinance Institutions13 companiesP/E 17.07
Nifty SME EMERGE539 companiesP/E 22.11- Nifty Sugar & Ethanol16 companiesP/E 23.06
Nifty Waves43 companies- Nifty100 Enhanced ESGThemeP/E 19.75
Nifty100 Liquid 1515 companiesP/E 21.18