indexPe

Nifty India Manufacturing PE Ratio

Fairly ValuedThematicNSELast updated: 21 Jul 2026
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Current PE Ratio
27.30
3Y Median PE
28.07
vs 3Y Median
-2.74%

The Nifty India Manufacturing PE ratio is 27.30 as of 21 July 2026, about 3% below its 3-year median of 28.07, which places it in fairly valued territory on a historical basis.

PE Ratio vs Historical Medians

PeriodMedian PECurrent vs Median
3 Years28.07-2.74%
1 Year27.90-2.15%

Historical PE Ratio

Performance and risk

1Y total return
+10.09%
5Y total return (p.a.)
+17.63%
Volatility (1Y std dev)
15.58%
Beta vs Nifty 50 (1Y)
1.06

1-year holding windows since 2005 returned a median of +12.65% (best +183.99%, worst -63.95%).

View full performance and risk

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

Stocks in the Nifty India Manufacturing

The Nifty India Manufacturing contains 76 constituents. Its largest sectors by weight are Automobile and Auto Components (25.6%) and Capital Goods (25.0%).

Automobile and Auto Components: 25.6%Capital Goods: 25.0%Healthcare: 17.5%Metals & Mining: 13.0%Oil, Gas & Consumable Fuels: 7.9%Chemicals: 6.5%+2 more sectors
SymbolCompanyIndustryWeight(%)
M&MMahindra & Mahindra Ltd.Automobile and Auto Components5.01
RELIANCEReliance Industries Ltd.Oil Gas & Consumable Fuels4.93
SUNPHARMASun Pharmaceutical Industries Ltd.Healthcare4.76
MARUTIMaruti Suzuki India Ltd.Automobile and Auto Components4.45
TATASTEELTata Steel Ltd.Metals & Mining3.76
BELBharat Electronics Ltd.Capital Goods3.56
HINDALCOHindalco Industries Ltd.Metals & Mining3.35
JSWSTEELJSW Steel Ltd.Metals & Mining2.78
BAJAJ-AUTOBajaj Auto Ltd.Automobile and Auto Components2.60
EICHERMOTEicher Motors Ltd.Automobile and Auto Components2.35
ABBABB India Ltd.Capital Goods
AIAENGAIA Engineering Ltd.Capital Goods
APLAPOLLOAPL Apollo Tubes Ltd.Capital Goods
ALKEMAlkem Laboratories Ltd.Healthcare
ANTHEMAnthem Biosciences Ltd.Healthcare
ASHOKLEYAshok Leyland Ltd.Capital Goods
ASTRALAstral Ltd.Capital Goods
AUROPHARMAAurobindo Pharma Ltd.Healthcare
BALKRISINDBalkrishna Industries Ltd.Automobile and Auto Components
BHARATFORGBharat Forge Ltd.Automobile and Auto Components
BHELBharat Heavy Electricals Ltd.Capital Goods
BPCLBharat Petroleum Corporation Ltd.Oil Gas & Consumable Fuels
BLUESTARCOBlue Star Ltd.Consumer Durables
BOSCHLTDBosch Ltd.Automobile and Auto Components
CGPOWERCG Power and Industrial Solutions Ltd.Capital Goods
CASTROLINDCastrol India Ltd.Oil Gas & Consumable Fuels
CIPLACipla Ltd.Healthcare
COCHINSHIPCochin Shipyard Ltd.Capital Goods
COROMANDELCoromandel International Ltd.Chemicals
CROMPTONCrompton Greaves Consumer Electricals Ltd.Consumer Durables
CUMMINSINDCummins India Ltd.Capital Goods
DIVISLABDivi's Laboratories Ltd.Healthcare
DIXONDixon Technologies (India) Ltd.Consumer Durables
DRREDDYDr. Reddy's Laboratories Ltd.Healthcare
ESCORTSEscorts Kubota Ltd.Capital Goods
GVT&DGE Vernova T&D India Ltd.Capital Goods
HAVELLSHavells India Ltd.Consumer Durables
HSCLHimadri Speciality Chemical Ltd.Chemicals
HALHindustan Aeronautics Ltd.Capital Goods
HINDCOPPERHindustan Copper Ltd.Metals & Mining
HINDZINCHindustan Zinc Ltd.Metals & Mining
HONAUTHoneywell Automation India Ltd.Capital Goods
HYUNDAIHyundai Motor India Ltd.Automobile and Auto Components
IOCIndian Oil Corporation Ltd.Oil Gas & Consumable Fuels
JINDALSTELJindal Steel Ltd.Metals & Mining
KPRMILLK.P.R. Mill Ltd.Textiles
KEIKEI Industries Ltd.Capital Goods
KAYNESKaynes Technology India Ltd.Capital Goods
LAURUSLABSLaurus Labs Ltd.Healthcare
LINDEINDIALinde India Ltd.Chemicals
LUPINLupin Ltd.Healthcare
MRFMRF Ltd.Automobile and Auto Components
MAZDOCKMazagoan Dock Shipbuilders Ltd.Capital Goods
NAVINFLUORNavin Fluorine International Ltd.Chemicals
PIINDPI Industries Ltd.Chemicals
PAGEINDPage Industries Ltd.Textiles
PIDILITINDPidilite Industries Ltd.Chemicals
POLYCABPolycab India Ltd.Capital Goods
SRFSRF Ltd.Chemicals
MOTHERSONSamvardhana Motherson International Ltd.Automobile and Auto Components
ENRINSiemens Energy India Ltd.Capital Goods
SIEMENSSiemens Ltd.Capital Goods
SOLARINDSSolar Industries India Ltd.Chemicals
SONACOMSSona BLW Precision Forgings Ltd.Automobile and Auto Components
SUPREMEINDSupreme Industries Ltd.Capital Goods
SUZLONSuzlon Energy Ltd.Capital Goods
TVSMOTORTVS Motor Company Ltd.Automobile and Auto Components
TMCVTata Motors Ltd.Capital Goods
TMPVTata Motors Passenger Vehicles Ltd.Automobile and Auto Components
TORNTPHARMTorrent Pharmaceuticals Ltd.Healthcare
TIINDIATube Investments of India Ltd.Automobile and Auto Components
UNOMINDAUNO Minda Ltd.Automobile and Auto Components
UPLUPL Ltd.Chemicals
VEDLVedanta Ltd.Metals & Mining
VOLTASVoltas Ltd.Consumer Durables
ZYDUSLIFEZydus Lifesciences Ltd.Healthcare

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 Manufacturing PE ratio?

As of 21 July 2026, the Nifty India Manufacturing PE ratio is 27.30. That is about 3% below its 3-year median of 28.07 and about 2% below its 1-year median of 27.90.

Is the Nifty India Manufacturing undervalued right now?

On a historical basis it screens as fairly valued. Its current PE of 27.30 sits below every median window: 1-year (27.90) and 3-year (28.07).

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

Over the past three years its median PE has been 28.07, and over the past one year 27.90. Today's 27.30 is toward the lower end of that historical range.

How many stocks are in the Nifty India Manufacturing?

The Nifty India Manufacturing contains 76 stocks. By number of companies, its largest sectors are Capital Goods (23 stocks), Automobile and Auto Components (15 stocks) and Healthcare (11 stocks).

What returns has the Nifty India Manufacturing delivered?

As of June 2026, the Nifty India Manufacturing total return (with dividends reinvested) is +10.09% over the past year and +17.63% 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 Manufacturing?

Over the year to June 2026, the Nifty India Manufacturing had an annualized volatility (standard deviation of daily returns) of 15.58%. Its beta versus the Nifty 50 is 1.06, meaning it has moved more than the broad market.

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

Across every one-year holding window since 2005, the Nifty India Manufacturing total return has a median of +12.65%, with the best window at +183.99% and the worst at -63.95%. Based on NSE Total Returns Index data; a past distribution, not a prediction.

Last updated: 21 July 2026.