indexPe

Nifty India Defence PE Ratio

Slightly OvervaluedThematicNSELast updated: 21 Jul 2026
Select Metric:
Current PE Ratio
57.16
3Y Median PE
52.34
vs 3Y Median
+9.20%

The Nifty India Defence PE ratio is 57.16 as of 21 July 2026, about 9% above its 3-year median of 52.34, which places it in slightly overvalued territory on a historical basis.

PE Ratio vs Historical Medians

PeriodMedian PECurrent vs Median
3 Years52.34+9.20%
1 Year54.42+5.03%

Historical PE Ratio

Performance and risk

1Y total return
+7.88%
5Y total return (p.a.)
+56.52%
Volatility (1Y std dev)
24.66%
Beta vs Nifty 50 (1Y)
1.20

1-year holding windows since 2018 returned a median of +44.64% (best +207.03%, worst -37.52%).

View full performance and risk

Returns as of June 2026, from the NSE factsheet for the Nifty India Defence. 1-year returns are absolute; 5-year returns are annualized.

Stocks in the Nifty India Defence

The Nifty India Defence contains 19 constituents. Its largest sectors by weight are Capital Goods (74.0%) and Automobile and Auto Components (14.5%).

Capital Goods: 74.0%Automobile and Auto Components: 14.5%Chemicals: 11.5%
SymbolCompanyIndustryWeight(%)
HALHindustan Aeronautics Ltd.Capital Goods19.93
BELBharat Electronics Ltd.Capital Goods19.79
BHARATFORGBharat Forge Ltd.Automobile and Auto Components14.47
SOLARINDSSolar Industries India Ltd.Chemicals11.53
MAZDOCKMazagoan Dock Shipbuilders Ltd.Capital Goods4.80
MTARTECHMTAR Technologies Ltd.Capital Goods4.14
ASTRAMICROAstra Microwave Products Ltd.Capital Goods3.77
DATAPATTNSData Patterns (India) Ltd.Capital Goods3.44
COCHINSHIPCochin Shipyard Ltd.Capital Goods3.23
BDLBharat Dynamics Ltd.Capital Goods3.19
AXISCADESAXISCADES Technologies Ltd.Capital Goods
AEQUSAequs Ltd.Capital Goods
APOLLOApollo Micro Systems Ltd.Capital Goods
BEMLBEML Ltd.Capital Goods
DYNAMATECHDynamatic Technologies Ltd.Capital Goods
GRSEGarden Reach Shipbuilders & Engineers Ltd.Capital Goods
MIDHANIMishra Dhatu Nigam Ltd.Capital Goods
PARASParas Defence and Space Technologies Ltd.Capital Goods
ZENTECZen Technologies Ltd.Capital Goods

Constituent list as of 13 July 2026, sourced from NSE Indices. Weights as of 30 June 2026, from the NSE factsheet.

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Frequently Asked Questions

What is the current Nifty India Defence PE ratio?

As of 21 July 2026, the Nifty India Defence PE ratio is 57.16. That is about 9% above its 3-year median of 52.34 and about 5% above its 1-year median of 54.42.

Is the Nifty India Defence undervalued right now?

On a historical basis it screens as slightly overvalued. Its current PE of 57.16 sits above every median window: 1-year (54.42) and 3-year (52.34).

What is a normal PE ratio for the Nifty India Defence?

Over the past three years its median PE has been 52.34, and over the past one year 54.42. Today's 57.16 is toward the upper end of that historical range.

How many stocks are in the Nifty India Defence?

The Nifty India Defence contains 19 stocks. By number of companies, its largest sectors are Capital Goods (17 stocks), Automobile and Auto Components (1 stock) and Chemicals (1 stock).

What returns has the Nifty India Defence delivered?

As of June 2026, the Nifty India Defence total return (with dividends reinvested) is +7.88% over the past year and +56.52% annualized over the past five years. One-year figures are absolute; multi-year figures are annualized (CAGR). Data from the NSE factsheet.

How volatile is the Nifty India Defence?

Over the year to June 2026, the Nifty India Defence had an annualized volatility (standard deviation of daily returns) of 24.66%. Its beta versus the Nifty 50 is 1.20, meaning it has moved more than the broad market.

What is a typical one-year return for the Nifty India Defence?

Across every one-year holding window since 2018, the Nifty India Defence total return has a median of +44.64%, with the best window at +207.03% and the worst at -37.52%. Based on NSE Total Returns Index data; a past distribution, not a prediction.

Last updated: 21 July 2026.