Nifty50 Value 20 stocks list
NSEStrategy20 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
- 13.84
- 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.
- 1.86
- 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.
- 2.11%
- 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
- +0.10%
- 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
- −5.14%
- 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
- −14.14%
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 2% of 2,478 trading days over the last 10 years.
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 Nifty50 Value 20 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 19 companies that filed both.
- +15.4%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.
- ₹1,74,576 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 14 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.
- 11.3%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 Nifty50 Value 20, each sized by its market cap.
Market cap, ₹ crore
- Reliance Industries₹15,67,068 Cr
- HDFC Bank₹10,56,636 Cr
- ICICI Bank₹9,88,944 Cr
- Tata Consultancy Services₹8,90,050 Cr
- State Bank of India₹8,83,200 Cr
- Infosys₹4,55,805 Cr
- Kotak Mahindra Bank₹4,37,707 Cr
- HCL Technologies₹3,80,049 Cr
- Axis Bank₹3,79,870 Cr
- ITC₹3,25,167 Cr
- NTPC₹2,94,536 Cr
- Oil & Natural Gas Corporation₹2,82,918 Cr
Companies in the Nifty50 Value 20
Largest first, by market cap.
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%
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%
Dr. Reddy's LaboratoriesDRREDDY · Pharmaceuticals & Biotechnology₹1,335.40+1.94%₹1,11,463 Cr39.806.0%0.60%+3.6%
Funds that follow the Nifty50 Value 20
6 index funds and ETFs track the Nifty50 Value 20.Nifty50 Value 20 index funds and ETFs
Nippon India Nifty 50 Value 20 Index FundIndex Fund · Nippon India Mutual FundNAV₹16.82951Y−13.36%3Y+5.08%5Y+6.10%Size₹812 CrCost0.52%
ICICI Prudential Nifty50 Value 20 ETFETF · ICICI Prudential Mutual FundNAV₹12.96341Y−13.23%3Y–5Y–Size₹176 CrCost0.44%- Nippon India ETF Nifty 50 Value 20ETF · Nippon India Mutual FundNAV₹133.03511Y−13.23%3Y+5.16%5Y+6.15%Size₹143 CrCost0.46%
- ICICI Prudential Nifty50 Value 20 Index FundIndex Fund · ICICI Prudential Mutual FundNAV₹9.64251Y−13.30%3Y–5Y–Size₹99 CrCost0.49%
Kotak Nifty 50 Value 20 ETFETF · Kotak Mahindra Mutual FundNAV₹13.29401Y–3Y–5Y–Size₹78 CrCost0.35%
HDFC Nifty 50 Value 20 ETFETF · HDFC Mutual FundNAV₹119.68021Y−13.20%3Y+5.27%5Y–Size₹36 CrCost0.22%
About the Nifty50 Value 20
Nifty50 Value 20 is an index of the 20 most liquid value blue chip companies drawn from the Nifty 50 and listed on NSE. Each company's value score is based on its earnings to price, book value to price and sales to price ratios and its dividend yield.
How companies are chosen
Companies must be part of the Nifty 50 at the time of review and have a minimum listing history of 1 month.
The ratios use the latest fiscal year data, consolidated where available and otherwise standalone.
The top 20 stocks by value score are selected.
How it is weighted
Each ratio becomes a Z score: the stock's ratio minus the mean of the ratio in the eligible universe, divided by the standard deviation of the ratio in that universe. The four Z scores are averaged with a weight of 0.25 each.
The value score is 1 plus the average Z score when that is above 0, and 1 divided by (1 minus the average Z score) when it is below 0.
A stock's weight is its free float market cap multiplied by its value score, and each stock is capped at 15%. The cap is applied semi-annually at rebalancing, so a weight can rise above 15% between rebalancings.
When it is reviewed
The index is reconstituted twice a year, in Jun and Dec, using six months of data ending May and Nov.
At each review, a stock ranked in the top 10 of the eligible universe by value score that is not yet a member is added, replacing the member with the lowest value score. A member ranked beyond 30 is removed and replaced by the next stock in the value score ranking.
An extra reconstitution is started if a constituent is suspended, delisted, goes through a scheme of arrangement or is excluded from the parent index.
Base date and value
The index has a base date of 1 Jan 2009 and a base value of 1000. It launched on 28 Mar 2014.
- 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
- 20
- List last changed
- 23 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
- 5 of 20
Strategy indices
Others in this group, the most used as a fund's benchmark first.All
Nifty Smallcap250 Momentum Quality 100100 companiesP/E 24.75- Nifty500 Value 5050 companiesP/E 9.48
BSE Quality Index30 companiesP/E 27.13
Nifty Alpha 5050 companiesP/E 24.97- Nifty100 Equal Weight100 companiesP/E 18.51
- BSE Low Volatility Index30 companiesP/E 24.99
- BSE Midcap 150 Momentum 3030 companiesP/E 23.55
BSE Select IPO70 companiesP/E 53.74
Nifty Midcap150 Quality 5050 companiesP/E 28.56
Nifty MidSmallcap400 Momentum Quality 100100 companiesP/E 28.01