Nifty500 Value 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
- 9.48
- 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.
- 1.21
- 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.
- 3.25%
- 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
- −6.57%
- 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
- −8.66%
- 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
- −2.22%
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 39% of 2,001 trading days over the last 10 years.
At or below today's level on 46% of 1,239 trading days over the last 5 years.
At or below today's level on 10% of 743 trading days over the last 3 years.
At or below today's level on 4% 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 Value 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 48 companies that filed both.
- +15.8%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.
- ₹1,21,112 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 32 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 Nifty500 Value 50, each sized by its market cap.
Market cap, ₹ crore
- State Bank of India₹8,72,400 Cr
- NTPC₹2,92,645 Cr
- Oil & Natural Gas Corporation₹2,89,158 Cr
- Coal India₹2,45,277 Cr
- Power Grid Corporation of India₹2,34,143 Cr
- Hindalco Industries₹2,00,273 Cr
- Grasim Industries₹1,97,423 Cr
- Indian Oil Corporation₹1,86,047 Cr
- Union Bank of India₹1,40,916 Cr
- Punjab National Bank₹1,39,375 Cr
- Bharat Petroleum Corporation₹1,28,246 Cr
- Bank of Baroda₹1,20,974 Cr
Companies in the Nifty500 Value 50
Largest first, by market cap.
State Bank of IndiaSBIN · Banks₹945.10−1.63%₹8,72,400 Cr10.10Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.1.84%+2.4%
Union Bank of IndiaUNIONBANK · Banks₹184.60+1.88%₹1,40,916 Cr6.40Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.2.71%+27.3%
Punjab National BankPNB · Banks₹121.27+0.31%₹1,39,375 Cr6.10Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.2.47%+1.4%
Bank of BarodaBANKBARODA · Banks₹233.93+0.83%₹1,20,974 Cr–Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.3.63%−14.5%
Indian 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%
Canara BankCANBK · Banks₹118.01+1.11%₹1,07,043 Cr5.20Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.3.56%−8.6%
Power Finance CorporationPFC · Finance₹315.60−0.85%₹1,04,151 Cr4.00Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.5.94%−20.5%
The Federal BankFEDERALBNK · Banks₹341.60−0.81%₹84,467 Cr16.30Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.35%+46.0%
RECRECLTD · Finance₹286.50−3.92%₹75,442 Cr5.00Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.4.75%−23.3%
Hindustan Petroleum CorporationHINDPETRO · Petroleum Products₹354.00+3.07%₹75,325 Cr52.401.0%6.85%−22.0%
IndusInd BankINDUSINDBK · Banks₹833.30−1.33%₹64,926 Cr21.60Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.18%+8.2%
Bank of MaharashtraMAHABANK · Banks₹80.00+5.10%₹61,532 Cr7.70Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.2.75%+35.8%
Bank of IndiaBANKINDIA · Banks₹132.02+4.51%₹60,104 Cr4.80Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.3.52%−5.5%
National Aluminium CompanyNATIONALUM · Non - Ferrous Metals₹308.20−1.34%₹56,605 Cr8.4038.9%3.73%+29.6%
RBL BankRBLBANK · Banks₹348.55+0.01%₹54,082 Cr44.90Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.29%+8.2%
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%
LIC Housing FinanceLICHSGFIN · Finance₹510.00+2.53%₹28,053 Cr4.90Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.1.96%−12.7%
Bandhan BankBANDHANBNK · Banks₹151.91+0.70%₹24,475 Cr18.10Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.99%−11.7%
Cholamandalam Financial HoldingsCHOLAHLDNG · Finance₹1,261.00+0.55%₹23,679 Cr8.90Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.10%−35.6%
AWL Agri BusinessAWL · Agricultural Food & other Products₹176.35+2.07%₹22,920 Cr19.9014.2%0.57%−33.6%
The Great Eastern Shipping CompanyGESHIP · Transport Services₹1,550.90+1.21%₹22,142 Cr5.9016.2%2.73%+47.4%
Chambal Fertilizers & ChemicalsCHAMBLFERT · Fertilizers & Agrochemicals₹358.90−0.47%₹14,379 Cr7.5021.1%3.06%−26.3%
Funds that follow the Nifty500 Value 50
5 index funds and ETFs track the Nifty500 Value 50.Nifty500 Value 50 index funds and ETFs
UTI Nifty 500 Value 50 Index FundIndex Fund · UTI Mutual FundNAV₹20.35971Y−1.40%3Y+19.50%5Y–Size₹830 CrCost0.73%
Axis Nifty500 Value 50 Index FundIndex Fund · Axis Mutual FundNAV₹10.48251Y−0.99%3Y–5Y–Size₹232 CrCost0.39%
Bandhan Nifty 500 Value 50 Index FundIndex Fund · Bandhan Mutual FundNAV₹10.35761Y−1.45%3Y–5Y–Size₹37 CrCost0.66%- Axis Nifty500 Value 50 ETFETF · Axis Mutual FundNAV₹30.03311Y−1.12%3Y–5Y–Size₹33 CrCost0.48%
Mirae Asset Nifty 500 Value 50 ETFETF · Mirae Asset Mutual FundNAV₹14.75351Y–3Y–5Y–Size₹13 CrCost0.97%
About the Nifty500 Value 50
The Nifty500 Value 50 is an index of 50 companies from the Nifty 500, selected on their value scores. A value score is built from four ratios: earnings to price, book value to price, sales to price and dividend yield.
How companies are chosen
Only Nifty 500 members at the time of review are eligible, with a listing history of at least 1 month. A stock must also rank within the top 400 on both average daily turnover and average daily free-float market capitalisation, over the previous six months ending May and Nov. Free float means the shares available for trading, set from the public shareholding each company reports every quarter.
Each eligible stock gets a Z score on each of the four ratios: the stock's value, minus the mean for the eligible universe, divided by the standard deviation for that universe. The ratios use the latest financial year's data, consolidated where available and standalone otherwise.
The four Z scores are weighted 0.25 each into an average. The value score is 1 plus the average Z score when it is above zero, and 1 divided by (1 minus the average Z score) when it is below zero. The 50 stocks with the highest value scores are selected.
How it is weighted
A stock's weight comes from multiplying its free float market cap by its value score.
Each sector is capped at 25%. Each stock is capped at the lower of 5% or 3 times its weight based only on free float market capitalization. Capping is done at the semi-annual rebalancing.
When it is reviewed
Reconstitution is semi-annual, in Jun and Dec, using six months of data ending May and Nov. The top 25 stocks by value score are compulsorily included, and existing members ranked beyond 75 are compulsorily excluded.
An ad-hoc reconstitution follows a suspension, delisting or scheme of arrangement of a member. Each quarter the index is also screened against SEBI's portfolio concentration norms for ETFs and index funds announced on 10 Jan 2019.
Base date and value
The index has a base date of 1 Apr 2005 and a base value of 1000. It was launched on 24 Oct 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
- 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
- 11 of 50
Strategy indices
Others in this group, the most used as a fund's benchmark first.All
BSE Quality Index30 companiesP/E 27.06
Nifty Alpha 5050 companiesP/E 25.01- Nifty100 Equal Weight100 companiesP/E 18.53
- BSE Low Volatility Index30 companiesP/E 24.41
- BSE Midcap 150 Momentum 3030 companiesP/E 23.66
BSE Select IPO70 companiesP/E 53.37
Nifty Midcap150 Quality 5050 companiesP/E 28.73
Nifty MidSmallcap400 Momentum Quality 100100 companiesP/E 27.99
Nifty Top 10 Equal Weight10 companiesP/E 16.16
Nifty100 Quality 3030 companiesP/E 25.29