Nifty MidSmallcap 400 logo

Nifty MidSmallcap 400 stocks list

NSEBroad market400 companies

P/E
28.12
P/B
3.52
Dividend yield
0.91%
1M
−6.52%
3M
−7.26%
1Y
−4.01%

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, 10 years28.12

At or below today's level on 24% of 2,478 trading days over the last 10 years.

LowestHighest
Its median33.20
P/E, 5 years28.12

At or below today's level on 43% of 1,239 trading days over the last 5 years.

LowestHighest
Its median30.09
P/E, 3 years28.12

At or below today's level on 15% of 743 trading days over the last 3 years.

LowestHighest
Its median32.07
P/E, 1 year28.12

At or below today's level on 4% of 247 trading days over the last 1 year.

LowestHighest
Its median31.02

P/E at each month's last trading day, and on 27 Oct 2026

457.8920.7928.12Apr 16Aug 17Dec 18Apr 20Aug 21Dec 22Apr 24Aug 25Oct 26

What the Nifty MidSmallcap 400 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 growth
+17.3%quarter to Jun 2026
Profit
₹1,38,748 Crquarter to Jun 2026
Filed the quarter
397of 397
Median ROCE
13.4%year to Mar 2026

Revenue against the same quarter a year earlier, per cent

13Mar 2411Jun 2411Sep 244.3Dec 245.4Mar 257.6Jun 258.0Sep 2514Dec 2512Mar 2617Jun 26
Revenue grew against a year earlier in 10 of the 10 quarters shown.

Profit after tax, ₹ crore, added up over the companies that filed

1,07,429Mar 241,10,705Jun 241,02,170Sep 241,17,805Dec 241,28,004Mar 251,20,466Jun 251,28,745Sep 251,30,396Dec 251,54,307Mar 261,38,748Jun 26
Largest profit ₹1,54,307 Cr, quarter to Mar 2026.

The largest companies

The 12 largest companies in the Nifty MidSmallcap 400, each sized by its market cap.

Market cap, ₹ crore

  • Life Insurance Corporation of India₹4,90,440 Cr
  • Bharat Heavy Electricals₹1,39,248 Cr
  • ICICI Prudential Asset Management Company₹1,38,378 Cr
  • Billionbrains Garage Ventures₹1,17,046 Cr
  • Lenskart Solutions₹1,16,394 Cr
  • Laurus Labs₹1,15,735 Cr
  • The Indian Hotels Company₹1,15,704 Cr
  • LG Electronics India₹1,13,884 Cr
  • Indian Bank₹1,13,145 Cr
  • Hero MotoCorp₹1,04,444 Cr
  • Meesho₹1,03,484 Cr
  • Mankind Pharma₹1,03,365 Cr

Companies in the Nifty MidSmallcap 400

Largest first, by market cap. 397 of its 400 members are listed here; the rest had no price on the latest trading day.

  • Life Insurance Corporation of India logoLife Insurance Corporation of IndiaLICI · Insurance₹387.70+1.77%₹4,90,440 Cr8.20Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.2.58%−13.6%
  • Bharat Heavy Electricals logoBharat Heavy ElectricalsBHEL · Electrical Equipment₹399.90+1.36%₹1,39,248 Cr48.4010.7%0.35%+70.2%
  • ICICI Prudential Asset Management Company logoICICI Prudential Asset Management CompanyICICIAMC · Capital Markets₹2,799.70+1.65%₹1,38,378 Cr39.2085.0%2.04%–
  • Billionbrains Garage Ventures logoBillionbrains Garage VenturesGROWW · Capital Markets₹186.57+1.13%₹1,17,046 Cr43.4030.2%None–
  • Lenskart Solutions logoLenskart SolutionsLENSKART · Retailing₹669.20+2.76%₹1,16,394 Cr177.609.8%None–
  • Laurus Labs logoLaurus LabsLAURUSLABS · Pharmaceuticals & Biotechnology₹2,142.00+4.04%₹1,15,735 Cr105.9019.8%0.09%+127.8%
  • The Indian Hotels Company logoThe Indian Hotels CompanyINDHOTEL · Leisure Services₹812.85+2.18%₹1,15,704 Cr52.3017.5%0.40%+8.9%
  • LG Electronics India logoLG Electronics IndiaLGEINDIA · Consumer Durables₹1,677.80+3.48%₹1,13,884 Cr62.4028.4%None+1.7%
  • Indian Bank logoIndian BankINDIANB · Banks₹840.00+1.20%₹1,13,145 Cr8.60Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.2.17%+1.7%
  • Hero MotoCorp logoHero MotoCorpHEROMOTOCO · Automobiles₹5,218.50+0.38%₹1,04,444 Cr19.2029.2%3.55%−7.6%
  • Meesho logoMeeshoMEESHO · Retailing₹223.58+4.07%₹1,03,484 Cr––None–
  • Mankind Pharma logoMankind PharmaMANKIND · Pharmaceuticals & Biotechnology₹2,502.50+8.24%₹1,03,365 Cr46.0013.6%None+3.6%
  • One 97 Communications logoOne 97 CommunicationsPAYTM · Financial Technology (Fintech)₹1,601.60−3.21%₹1,02,760 Cr120.201.3%None+22.6%
  • GE Vernova T&D India logoGE Vernova T&D IndiaGVT&D · Electrical Equipment₹3,980.00+5.01%₹1,01,907 Cr78.1063.5%0.25%+39.9%
  • Indus Towers logoIndus TowersINDUSTOWER · Telecom - Services₹385.30−0.95%₹1,01,648 Cr14.3026.9%3.63%+3.8%

Changes to the list

Each list of the index's companies against the one before it. The date is the list's own, the day the new list was published.

Funds that follow the Nifty MidSmallcap 400

1 index fund or ETF tracks the Nifty MidSmallcap 400.

NAV of 27 Oct 2026

About the Nifty MidSmallcap 400

The Nifty MidSmallcap 400 is an index of mid and small market capitalisation companies, made up of every company in the Nifty Midcap 150 and the Nifty Smallcap 250. It held 401 companies at 30 Sep 2026. It is maintained by NSE Indices Limited.

How companies are chosen

The index has no selection step of its own: all constituents of the Nifty Midcap 150 and the Nifty Smallcap 250 are combined, and any inclusion or exclusion in either index is carried into it.

The Nifty Midcap 150 is the next 150 companies, ranked 101 to 250 by full market capitalisation in the Nifty 500. The Nifty Smallcap 250 is the balance 250 companies, ranked 251 to 500.

How it is weighted

The index is computed by free float market capitalisation: its level reflects the total free float market value of all its stocks relative to a base period. Each company's weight uses an investible weight factor, a unit of floating stock: the number of shares expected to be available for trading in the market. Shareholding reported under the promoter category is excluded from the free float factor.

When it is reviewed

The index is reviewed semi-annually, together with the Nifty Midcap 150 and the Nifty Smallcap 250, using average data for the six months ending the cut-off dates of 31 Jan and 31 Jul.

Base date and value

The base date is 1 Apr 2005 and the base value is 1000. The index launched on 1 Apr 2016.

Published by
NSE
Kind
Broad market
Companies
400
List last changed
27 Oct 2026
Above 200-day average
138 of 390