Nifty Smallcap250 Quality 50 stocks list
NSEStrategy50 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
- 22.83
- 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.
- 4.25
- 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.
- 1.55%
- 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
- −5.55%
- 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
- −6.58%
- 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
- −12.75%
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 24% of 896 trading days over the last 5 years.
At or below today's level on 11% of 743 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 27 Oct 2026
What the Nifty Smallcap250 Quality 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 50 companies that filed both.
- +15.5%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.
- ₹9,083 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 46 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.
- 17.6%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 Smallcap250 Quality 50, each sized by its market cap.
Market cap, ₹ crore
- Sona BLW Precision Forgings₹53,166 Cr
- Anand Rathi Wealth₹37,509 Cr
- Karur Vysya Bank₹33,893 Cr
- Dr. Lal Path Labs₹31,921 Cr
- Himadri Speciality Chemical₹27,323 Cr
- Angel One₹26,450 Cr
- Central Depository Services (India)₹25,540 Cr
- Aditya Birla Sun Life AMC₹25,423 Cr
- Sun TV Network₹25,007 Cr
- ZF Commercial Vehicle Control Systems India₹24,286 Cr
- Gillette India₹23,846 Cr
- Motherson Sumi Wiring India₹22,992 Cr
Companies in the Nifty Smallcap250 Quality 50
Largest first, by market cap.
Karur Vysya BankKARURVYSYA · Banks₹350.60+3.82%₹33,893 Cr11.50Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.74%+40.4%
Himadri Speciality ChemicalHSCL · Chemicals & Petrochemicals₹541.50+3.69%₹27,323 Cr32.0015.9%0.15%+14.2%
Central Depository Services (India)CDSL · Capital Markets₹1,222.00+2.17%₹25,540 Cr54.2026.1%1.04%−25.3%
ZF Commercial Vehicle Control Systems IndiaZFCVINDIA · Auto Components₹2,134.00−0.45%₹24,286 Cr48.6014.4%0.19%−0.9%
eClerx ServicesECLERX · Commercial Services & Supplies₹1,896.70+1.07%₹17,839 Cr24.5035.4%0.05%−20.8%
Chambal Fertilizers & ChemicalsCHAMBLFERT · Fertilizers & Agrochemicals₹358.90−0.47%₹14,379 Cr7.5021.1%3.06%−26.3%
Crompton Greaves Consumer ElectricalsCROMPTON · Consumer Durables₹196.25+1.19%₹12,637 Cr–20.4%1.53%−32.8%
Action Construction EquipmentACE · Agricultural, Commercial & Construction Vehicles₹1,036.50+2.49%₹12,343 Cr28.3024.5%0.19%−7.0%
Home First Finance Company IndiaHOMEFIRST · Finance₹1,016.70+0.46%₹10,631 Cr17.20Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.51%−16.1%
Aptus Value Housing Finance IndiaAPTUS · Finance₹201.73+1.92%₹10,103 Cr10.30Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.2.23%−35.7%
Techno Electric & Engineering CompanyTECHNOE · Construction₹828.40+0.23%₹9,634 Cr22.3010.6%0.85%−37.3%
Clean Science and TechnologyCLEAN · Chemicals & Petrochemicals₹744.00+0.92%₹7,908 Cr33.9017.1%0.81%−28.8%
Funds that follow the Nifty Smallcap250 Quality 50
1 index fund or ETF tracks the Nifty Smallcap250 Quality 50.
DSP Nifty Smallcap250 Quality 50 Index FundIndex Fund · DSP Mutual FundNAV₹10.42671Y−12.15%3Y–5Y–Size₹314 CrCost0.38%
About the Nifty Smallcap250 Quality 50
Nifty Smallcap250 Quality 50 is an index of up to 50 small cap stocks chosen from the Nifty Smallcap 250 by quality score. The score is built from return on equity (ROE), financial leverage (the debt-to-equity ratio) and the variability of earnings per share (EPS) growth over the previous 5 years. It is maintained by NSE Indices Limited.
How companies are chosen
Stocks in the Nifty Smallcap 250 at the time of review are eligible, and each must have a minimum listing history of 1 year.
A company with more than 20% of its promoters' shares pledged is ineligible. So are the stocks in the bottom 10 percentile on value score (built from earnings, book value and sales relative to price, and dividend yield), on 6 month average daily turnover and on high volatility.
A stock outside futures and options trading is also ineligible if the number of times it hit the upper or lower circuit in the past 6 months is at least 20% of the trading days in that period.
A stock with negative EPS in any of the previous 6 fiscal years is not considered for selection. The top 50 stocks by quality score are then selected. If the eligible universe falls below 50 stocks, the index continues with the number available.
How it is weighted
Each parameter gets a Z score for every eligible stock: the stock's value minus the mean of the eligible universe, divided by the standard deviation of the eligible universe. Return on equity and debt-to-equity use the latest fiscal year, and EPS growth variability uses the adjusted EPS of the previous 6 years.
For a company outside financial services, the weighted average Z score is 1/3 of the ROE Z score, minus 1/3 of the debt-to-equity Z score, minus 1/3 of the EPS growth variability Z score. For a financial services company, it is 0.5 of the ROE Z score minus 0.5 of the EPS growth variability Z score. The quality score is 1 plus the average Z score where that is above 0, and (1 minus the average Z score) to the power of -1 where it is below 0.
The index is tilt weighted: a stock's weight is the square root of its free float market cap (the market cap of the floating stock, the shares available for trading) multiplied by its quality score, and no stock is held above the lower of 5% or 5 times its weight on free float market cap alone.
The cap is applied at each reconstitution, and weights drift between two rebalancing periods as prices move.
When it is reviewed
The index is reconstituted twice a year, in Jun and Dec, using data ending on the last trading day of May and Nov. The cut-off dates are 31 May and 30 Nov, six-month average data to the cut-off date is used, and four weeks of notice are given before a change.
A member ranked within the top 75 by quality score stays. A non-member ranked within the top 25 is added, replacing the member with the lowest score, and a member ranked beyond 75 is removed and replaced by the next highest ranked stock on quality score. An extra reconstitution is started if a member leaves the Nifty Smallcap 250 through a corporate action such as a scheme of arrangement or delisting, or through suspension by the exchange.
Base date and value
The base date is 1 Apr 2005 and the base value is 1000. The index was launched on 15 Mar 2023.
- Published by
- NSE
- Kind
- Strategy
- 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
- 13 of 50