Nifty200 Quality 30 stocks list
NSEStrategy30 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
- 24.87
- 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.
- 7.93
- 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.
- 2.25%
- 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
- −0.03%
- 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
- −8.37%
- 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
- −10.35%
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 9% of 2,117 trading days over the last 10 years.
At or below today's level on 4% of 1,240 trading days over the last 5 years.
At or below today's level on 0.4% 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 30 Oct 2026
What the Nifty200 Quality 30 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 28 companies that filed both.
- +22.7%quarter to Jun 2026
- ProfitProfit after tax, added up. Profit after tax of the quarter to Jun 2026, added up over the 30 companies that filed it; a loss counts as negative.
- ₹67,884 Crquarter to Jun 2026
- Filed the quarterCompanies that filed the quarter. How many of the index's 30 listed companies have filed results for the quarter to Jun 2026; the revenue growth and the profit are theirs.
- 30of 30
- Median ROCEMedian return on capital employed. The middle figure of the 30 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.
- 29.6%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 Nifty200 Quality 30, each sized by its market cap.
Market cap, ₹ crore
- Tata Consultancy Services₹9,05,463 Cr
- Infosys₹4,80,906 Cr
- Hindustan Unilever₹4,38,105 Cr
- HCL Technologies₹3,87,539 Cr
- ITC₹3,32,811 Cr
- Hindustan Aeronautics₹3,24,603 Cr
- Bajaj Auto₹2,84,422 Cr
- Bharat Electronics₹2,70,389 Cr
- Coal India₹2,39,730 Cr
- Nestle India₹2,25,034 Cr
- Asian Paints₹2,22,534 Cr
- Hindustan Zinc₹2,13,717 Cr
Companies in the Nifty200 Quality 30
Largest first, by market cap.
Hindustan UnileverHINDUNILVR · Diversified FMCGDemerger₹1,864.60+0.34%₹4,38,105 Cr29.1029.0%2.18%−23.2%
Solar Industries IndiaSOLARINDS · Chemicals & Petrochemicals₹18,800.00−3.24%₹1,70,121 Cr85.4035.3%0.06%+35.2%
Pidilite IndustriesPIDILITIND · Chemicals & Petrochemicals₹1,461.60+2.78%₹1,48,870 Cr55.5029.6%0.79%−1.7%
HDFC Asset Management CompanyHDFCAMC · Capital Markets₹2,309.50−0.31%₹99,095 Cr33.3039.7%2.34%−13.9%
Oracle Financial Services SoftwareOFSS · IT - Software₹9,995.00+0.56%₹87,058 Cr24.4060.1%4.00%+16.1%
Mazagon Dock ShipbuildersMAZDOCK · Industrial Manufacturing₹1,705.30−3.26%₹68,788 Cr–17.2%1.06%−37.8%
Funds that follow the Nifty200 Quality 30
9 index funds and ETFs track the Nifty200 Quality 30; 3 other funds use it as their benchmark.Nifty200 Quality 30 index funds and ETFs
UTI Nifty 200 Quality 30 Index FundIndex Fund · UTI Mutual FundNAV₹8.357330 Oct 20261Y−9.40%3Y–5Y–Size₹538 CrCost0.66%
SBI Nifty200 Quality 30 Index FundIndex Fund · SBI Mutual FundNAV–1Y−9.26%3Y–5Y–Size₹323 CrCost0.42%
ICICI Prudential Nifty 200 Quality 30 ETFETF · ICICI Prudential Mutual FundNAV₹19.701630 Oct 20261Y−9.28%3Y–5Y–Size₹140 CrCost0.34%- SBI Nifty 200 Quality 30 ETFETF · SBI Mutual FundNAV₹207.12621Y−9.18%3Y+6.70%5Y+6.40%Size₹81 CrCost0.33%
- ICICI Prudential Nifty200 Quality 30 Index FundIndex Fund · ICICI Prudential Mutual FundNAV₹9.222330 Oct 20261Y−9.43%3Y–5Y–Size₹26 CrCost0.48%
Aditya Birla Sun Life Nifty 200 Quality 30 ETFETF · Aditya Birla Sun Life Mutual FundNAV₹19.895530 Oct 20261Y−9.23%3Y+7.02%5Y–Size₹24 CrCost0.33%
Kotak Nifty 200 Quality 30 Index FundIndex Fund · Kotak Mahindra Mutual FundNAV₹9.262030 Oct 20261Y−9.20%3Y–5Y–Size₹17 CrCost0.34%
Bandhan Nifty 200 Quality 30 Index FundIndex Fund · Bandhan Mutual FundNAV₹9.01191Y−9.29%3Y–5Y–Size₹13 CrCost0.49%- Kotak Nifty200 Quality 30 ETFETF · Kotak Mahindra Mutual FundNAV₹19.324030 Oct 20261Y−9.08%3Y–5Y–Size₹3 CrCost0.31%
About the Nifty200 Quality 30
Nifty200 Quality 30 is an index of 30 companies drawn from the Nifty 200. They are selected on a quality score built from return on equity, the debt to equity ratio and the variability of earnings per share growth over the previous 5 years.
How companies are chosen
Eligible stocks belong to the Nifty 200 at the time of review, have a listing history of at least 1 year and have futures and options (F&O) traded on them.
A stock with negative EPS in any of the previous 6 fiscal years is not considered. A recently listed company is considered if it has enough adjusted EPS data to calculate EPS growth variability over at least the previous 3 financial years.
The 30 stocks with the highest quality scores are selected, companies with higher profitability, lower leverage and more stable earnings.
How it is weighted
Each parameter gets a Z score, which is the stock's value minus the mean of the eligible universe, divided by the universe's standard deviation. Return on equity (ROE) and debt-to-equity (D/E) use the latest fiscal year. EPS growth variability uses adjusted EPS of the previous 6 years.
For non-financial companies the weighted Z score is 0.33 times the Z score of return on equity, plus 0.33 times the negative of the Z score of debt-to-equity, plus 0.33 times the negative of the Z score of EPS growth variability. Financial services companies skip debt-to-equity and use 0.5 on return on equity and 0.5 on the negative of EPS growth variability.
The quality score is 1 plus the average Z score where that is above 0, and 1 divided by (1 minus the average Z score) where it is below 0.
A stock's weight comes from multiplying the square root of its free float market cap by its quality score. Each stock is capped at the lower of 5% or 5 times its weight based only on free float market capitalization, applied semi-annually at rebalancing.
When it is reviewed
The index is rebalanced semi-annually, in Jun and Dec. The 10 top-ranked stocks by quality score are included compulsorily, and existing members ranked beyond 50 are excluded compulsorily.
Stocks that move out of the Nifty 200 at the review also leave the index. Suspension, delisting or a scheme of arrangement triggers an additional ad-hoc rebalancing.
Base date and value
The index has a base date of 1 Apr 2005 and a base value of 1000. It launched on 17 Apr 2018.
- 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
- 30
- List last changed
- 9 Sep 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
- 7 of 30
Strategy indices
Others in this group, the most used as a fund's benchmark first.All
- Nifty50 Equal Weight50 companiesP/E 23.09
Nifty100 Low Volatility 3030 companiesP/E 23.86
Nifty500 Momentum 5050 companiesP/E 26.83
Nifty Alpha Low-Volatility 3030 companiesP/E 23.35
Nifty Midcap150 Momentum 5050 companiesP/E 24.02- Nifty50 Value 2020 companiesP/E 14.06
Nifty Smallcap250 Momentum Quality 100100 companiesP/E 24.33- Nifty500 Value 5050 companiesP/E 9.37
BSE Quality Index30 companiesP/E 27.11
Nifty Alpha 5050 companiesP/E 24.36