Nifty500 Shariah stocks list
NSETheme203 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
- 26.68
- 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.
- 4.01
- 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.
- 1.44%
- 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
- −2.85%
- 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
- −5.09%
- 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
- −8.21%
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 38% of 2,478 trading days over the last 10 years.
At or below today's level on 25% of 1,239 trading days over the last 5 years.
At or below today's level on 3% of 743 trading days over the last 3 years.
At or below today's level on 9% 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 Nifty500 Shariah 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 192 companies that filed both.
- +21.0%quarter to Jun 2026
- ProfitProfit after tax, added up. Profit after tax of the quarter to Jun 2026, added up over the 203 companies that filed it; a loss counts as negative.
- ₹1,28,496 Crquarter to Jun 2026
- Filed the quarterCompanies that filed the quarter. How many of the index's 203 listed companies have filed results for the quarter to Jun 2026; the revenue growth and the profit are theirs.
- 203of 203
- Median ROCEMedian return on capital employed. The middle figure of the 195 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.
- 16.2%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 Nifty500 Shariah, each sized by its market cap.
Market cap, ₹ crore
- Tata Consultancy Services₹9,03,400 Cr
- Infosys₹4,71,978 Cr
- Hindustan Unilever₹4,27,156 Cr
- Sun Pharmaceutical Industries₹4,20,172 Cr
- HCL Technologies₹3,85,340 Cr
- UltraTech Cement₹3,28,567 Cr
- Eternal₹3,19,427 Cr
- Oil & Natural Gas Corporation₹2,89,158 Cr
- Nestle India₹2,27,638 Cr
- Asian Paints₹2,18,409 Cr
- Avenue Supermarts₹2,08,719 Cr
- Hindustan Zinc₹2,08,097 Cr
Companies in the Nifty500 Shariah
Largest first, by market cap.
Hindustan UnileverHINDUNILVR · Diversified FMCGDemerger₹1,818.00−0.03%₹4,27,156 Cr28.6028.4%2.24%−26.4%
Sun Pharmaceutical IndustriesSUNPHARMA · Pharmaceuticals & Biotechnology₹1,751.20+0.64%₹4,20,172 Cr34.7016.9%0.91%+3.4%
UltraTech CementULTRACEMCO · Cement & Cement Products₹11,150.00−0.27%₹3,28,567 Cr37.3012.7%2.15%−7.2%
Samvardhana Motherson InternationalMOTHERSON · Auto Components₹157.95+2.73%₹1,66,707 Cr38.1012.2%0.38%+47.7%
Pidilite IndustriesPIDILITIND · Chemicals & Petrochemicals₹1,450.00−1.89%₹1,47,688 Cr55.8030.3%0.79%−3.6%
Tata MotorsTMCV · Agricultural, Commercial & Construction Vehicles₹399.20+3.94%₹1,47,017 Cr23.3047.5%1.00%–
CG Power and Industrial SolutionsCGPOWER · Electrical Equipment₹835.40+0.26%₹1,31,615 Cr95.7017.7%0.16%+14.7%
Zydus LifesciencesZYDUSLIFE · Pharmaceuticals & Biotechnology₹1,172.90+1.08%₹1,16,997 Cr25.9015.9%0.09%+15.7%
Laurus LabsLAURUSLABS · Pharmaceuticals & Biotechnology₹2,142.00+4.04%₹1,15,735 Cr105.9019.8%0.09%+127.8%
Dr. Reddy's LaboratoriesDRREDDY · Pharmaceuticals & Biotechnology₹1,310.00−0.07%₹1,09,343 Cr39.106.0%0.61%+2.0%
Mankind PharmaMANKIND · Pharmaceuticals & Biotechnology₹2,502.50+8.24%₹1,03,365 Cr46.0013.6%None+3.6%
Tata Consumer ProductsTATACONSUM · Agricultural Food & other Products₹1,000.00+6.78%₹98,970 Cr58.209.4%1.00%−14.5%
Aurobindo PharmaAUROPHARMA · Pharmaceuticals & Biotechnology₹1,627.50+2.36%₹93,643 Cr25.2011.5%None+48.7%
Glenmark PharmaceuticalsGLENMARK · Pharmaceuticals & Biotechnology₹2,265.70+1.79%₹63,944 Cr35.6039.8%0.11%+25.0%
Alkem LaboratoriesALKEM · Pharmaceuticals & Biotechnology₹5,078.00+0.95%₹60,715 Cr28.1016.5%1.04%−7.3%
Coromandel InternationalCOROMANDEL · Fertilizers & Agrochemicals₹1,738.40+0.45%₹51,293 Cr28.0018.4%0.63%−22.6%
IPCA LaboratoriesIPCALAB · Pharmaceuticals & Biotechnology₹1,980.80+2.18%₹50,254 Cr38.4017.6%0.30%+52.6%
Gujarat FluorochemicalsFLUOROCHEM · Chemicals & Petrochemicals₹4,235.70+0.92%₹46,529 Cr75.709.8%0.07%+17.4%
Navin Fluorine InternationalNAVINFLUOR · Chemicals & Petrochemicals₹8,254.00+7.73%₹42,350 Cr53.6020.7%0.18%+63.6%
Ajanta PharmaAJANTPHARM · Pharmaceuticals & Biotechnology₹3,353.60−0.81%₹41,906 Cr36.9027.2%1.79%+40.1%
Patanjali FoodsPATANJALI · Agricultural Food & other Products₹347.95+0.14%₹37,861 Cr19.2010.9%1.67%−41.1%
Emcure PharmaceuticalsEMCURE · Pharmaceuticals & Biotechnology₹1,875.20+5.34%₹35,575 Cr35.2025.2%0.19%+39.0%
Sai Life SciencesSAILIFE · Pharmaceuticals & Biotechnology₹1,486.20+2.83%₹31,570 Cr87.3018.7%None+69.2%
Acutaas ChemicalsACUTAAS · Pharmaceuticals & Biotechnology₹3,793.30+13.27%₹31,056 Cr70.7030.2%0.07%+119.1%
Schneider Electric InfrastructureSCHNEIDER · Electrical Equipment₹1,141.30+0.36%₹27,289 Cr148.5024.7%None+32.3%
Rubicon ResearchRUBICON · Pharmaceuticals & Biotechnology₹1,509.60+1.30%₹24,989 Cr86.7025.8%0.10%+155.9%
Neuland LaboratoriesNEULANDLAB · Pharmaceuticals & Biotechnology₹19,315.00+1.36%₹24,781 Cr49.8032.1%0.18%+22.3%
Chennai Petroleum CorporationCHENNPETRO · Petroleum Products₹1,573.80+3.44%₹23,436 Cr4.1048.4%3.94%+104.4%
Granules IndiaGRANULES · Pharmaceuticals & Biotechnology₹830.55+1.22%₹22,656 Cr34.2015.1%0.21%+46.8%
Cohance LifesciencesCOHANCE · Pharmaceuticals & Biotechnology₹479.25+3.39%₹18,336 Cr172.603.0%None−43.6%
eClerx ServicesECLERX · Commercial Services & Supplies₹1,896.70+1.07%₹17,839 Cr24.5035.4%0.05%−20.8%
Concord BiotechCONCORDBIO · Pharmaceuticals & Biotechnology₹1,375.30+4.89%₹14,388 Cr50.9015.9%0.55%−5.7%
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%
Nuvoco Vistas CorporationNUVOCO · Cement & Cement Products₹339.80−0.19%₹12,136 Cr29.306.6%None−20.1%
Transformers and Rectifiers (India)TARIL · Electrical Equipment₹314.30+4.87%₹9,434 Cr30.1019.3%0.08%−33.4%
Funds that follow the Nifty500 Shariah
1 index fund or ETF tracks the Nifty500 Shariah; 3 other funds use it as their benchmark.
UTI Nifty500 Shariah Index FundIndex Fund · UTI Mutual FundNAV₹9.56561Y–3Y–5Y–Size₹88 CrCost0.78%
About the Nifty500 Shariah
The Nifty500 Shariah is an index of the Nifty 500 companies that pass a Shariah screen, meaning a check against Islamic law, calculated by NSE Indices Limited. It has no fixed number of companies: 204 on 30 Sep 2026.
How companies are chosen
The universe is the Nifty 500, which covers more than 90% of the total market capitalization and more than 80% of total traded volume on the National Stock Exchange. A company must also have traded on at least 90% of trading days in the last six months.
The screens are the same for all three Nifty Shariah indices. Taqwaa Advisory and Shariah Investment Solutions (TASIS) runs them. The business screen removes companies primarily in conventional financial services such as banks, insurance companies, finance and investment companies and stock broking, and in gambling and narcotic drugs, among other activities. The financial screen sets interest-based debt at no more than 25% of total assets, interest income plus returns from interest-based investments at no more than 2.5% of total income, and receivables plus cash and bank balances at no more than 90% of total assets.
How it is weighted
Weights follow free-float market capitalization, the market value of the shares available for trading, with no single stock above 33% and the top 3 stocks together at no more than 62% at the time of rebalancing.
When it is reviewed
Shariah compliance screening is carried out every month.
Base date and value
The index has a base date of 29 Dec 2006 and a base value of 1000. It was launched on 19 Feb 2008.
- 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
- 203
- 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
- 76 of 201
Theme indices
Others in this group, the most used as a fund's benchmark first.All
BSE Select Business Groups30 companiesP/E 21.82
Nifty Housing50 companiesP/E 18.35
Nifty India Digital50 companiesP/E 28.09
Nifty India Internet23 companiesP/E 136.09
Nifty India Tourism11 companiesP/E 85.58- BSE Bharat 22 Index22 companiesP/E 12.14
- BSE Housing Index26 companiesP/E 31.55
BSE India Defence33 companiesP/E 44.96
Nifty India New Age Consumption75 companiesP/E 42.89- Nifty India Railways PSU17 companiesP/E 19.10