Nifty Midcap 150 PE Ratio

Fairly ValuedBroad MarketNSELast updated: 21 Jul 2026

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Current PE Ratio

29.42

5Y Median PE

29.80

vs 5Y Median

-1.29%

The Nifty Midcap 150 PE ratio is 29.42 as of 21 July 2026, about 1% below its 5-year median of 29.80, which places it in fairly valued territory on a historical basis.

PE Ratio vs Historical Medians

Period	Median PE	Current vs Median
Full history	33.80	-12.95%
10 Years	33.80	-12.96%
7 Years	30.89	-4.76%
5 Years	29.80	-1.29%
3 Years	33.63	-12.52%
1 Year	32.91	-10.60%

Historical PE Ratio

Performance and risk

1Y total return

+4.22%

5Y total return (p.a.)

+18.29%

Volatility (1Y std dev)

16.21%

Beta vs Nifty 50 (1Y)

1.10

1-year holding windows since 2005 returned a median of +14.21% (best +169.32%, worst -67.02%).

Today's PE of 29.30 sits in band 2 of 5 of this index's history (PE 26.8 to 31.9). From this band, 5-year forward returns had a median of +27.36% a year and were positive in 100% of windows (227 windows since 2016).

View full performance and risk

Returns as of June 2026, from the NSE factsheet for the Nifty Midcap 150. 1-year returns are absolute; 5-year returns are annualized.

Stocks in the Nifty Midcap 150

The Nifty Midcap 150 contains 150 constituents. Its largest sectors by weight are Financial Services (28.3%) and Capital Goods (14.4%).

Financial Services: 28.3%Capital Goods: 14.4%Healthcare: 10.2%Automobile and Auto Components: 6.7%Consumer Services: 5.3%Information Technology: 4.5%+13 more sectors

Symbol	Company	Industry	Weight(%)
BSE	BSE Ltd.	Financial Services	3.87
FEDERALBNK	Federal Bank Ltd.	Financial Services	1.99
MCX	Multi Commodity Exchange of India Ltd.	Financial Services	1.77
SUZLON	Suzlon Energy Ltd.	Capital Goods	1.75
HEROMOTOCO	Hero MotoCorp Ltd.	Automobile and Auto Components	1.52
GVT&D	GE Vernova T&D India Ltd.	Capital Goods	1.50
INDUSINDBK	IndusInd Bank Ltd.	Financial Services	1.49
BHEL	Bharat Heavy Electricals Ltd.	Capital Goods	1.48
LAURUSLABS	Laurus Labs Ltd.	Healthcare	1.44
LUPIN	Lupin Ltd.	Healthcare	1.44
360ONE	360 ONE WAM Ltd.	Financial Services
3MINDIA	3M India Ltd.	Diversified
ACC	ACC Ltd.	Construction Materials
AIAENG	AIA Engineering Ltd.	Capital Goods
APLAPOLLO	APL Apollo Tubes Ltd.	Capital Goods
AUBANK	AU Small Finance Bank Ltd.	Financial Services
AWL	AWL Agri Business Ltd.	Fast Moving Consumer Goods
ABBOTINDIA	Abbott India Ltd.	Healthcare
ATGL	Adani Total Gas Ltd.	Oil Gas & Consumable Fuels
ABCAPITAL	Aditya Birla Capital Ltd.	Financial Services
AJANTPHARM	Ajanta Pharmaceuticals Ltd.	Healthcare
ALKEM	Alkem Laboratories Ltd.	Healthcare
ANTHEM	Anthem Biosciences Ltd.	Healthcare
APARINDS	Apar Industries Ltd.	Capital Goods
APOLLOTYRE	Apollo Tyres Ltd.	Automobile and Auto Components
ASHOKLEY	Ashok Leyland Ltd.	Capital Goods
ASTRAL	Astral Ltd.	Capital Goods
AUROPHARMA	Aurobindo Pharma Ltd.	Healthcare
AIIL	Authum Investment & Infrastructure Ltd.	Financial Services
BAJAJHFL	Bajaj Housing Finance Ltd.	Financial Services
BALKRISIND	Balkrishna Industries Ltd.	Automobile and Auto Components
BANKINDIA	Bank of India	Financial Services
MAHABANK	Bank of Maharashtra	Financial Services
BERGEPAINT	Berger Paints India Ltd.	Consumer Durables
BDL	Bharat Dynamics Ltd.	Capital Goods
BHARATFORG	Bharat Forge Ltd.	Automobile and Auto Components
BHARTIHEXA	Bharti Hexacom Ltd.	Telecommunication
GROWW	Billionbrains Garage Ventures Ltd.	Financial Services
BIOCON	Biocon Ltd.	Healthcare
BLUESTARCO	Blue Star Ltd.	Consumer Durables
CRISIL	CRISIL Ltd.	Financial Services
COCHINSHIP	Cochin Shipyard Ltd.	Capital Goods
COFORGE	Coforge Ltd.	Information Technology
COLPAL	Colgate Palmolive (India) Ltd.	Fast Moving Consumer Goods
CONCOR	Container Corporation of India Ltd.	Services
COROMANDEL	Coromandel International Ltd.	Chemicals
DABUR	Dabur India Ltd.	Fast Moving Consumer Goods
DALBHARAT	Dalmia Bharat Ltd.	Construction Materials
DIXON	Dixon Technologies (India) Ltd.	Consumer Durables
ENDURANCE	Endurance Technologies Ltd.	Automobile and Auto Components
ESCORTS	Escorts Kubota Ltd.	Capital Goods
EXIDEIND	Exide Industries Ltd.	Automobile and Auto Components
NYKAA	FSN E-Commerce Ventures Ltd.	Consumer Services
FORTIS	Fortis Healthcare Ltd.	Healthcare
GMRAIRPORT	GMR Airports Ltd.	Services
GICRE	General Insurance Corporation of India	Financial Services
GLAXO	Glaxosmithkline Pharmaceuticals Ltd.	Healthcare
GLENMARK	Glenmark Pharmaceuticals Ltd.	Healthcare
MEDANTA	Global Health Ltd.	Healthcare
GODFRYPHLP	Godfrey Phillips India Ltd.	Fast Moving Consumer Goods
GODREJIND	Godrej Industries Ltd.	Diversified
GODREJPROP	Godrej Properties Ltd.	Realty
FLUOROCHEM	Gujarat Fluorochemicals Ltd.	Chemicals
HDBFS	HDB Financial Services Ltd.	Financial Services
HAVELLS	Havells India Ltd.	Consumer Durables
HEXT	Hexaware Technologies Ltd.	Information Technology
HINDPETRO	Hindustan Petroleum Corporation Ltd.	Oil Gas & Consumable Fuels
POWERINDIA	Hitachi Energy India Ltd.	Capital Goods
HONAUT	Honeywell Automation India Ltd.	Capital Goods
HUDCO	Housing & Urban Development Corporation Ltd.	Financial Services
ICICIGI	ICICI Lombard General Insurance Company Ltd.	Financial Services
ICICIAMC	ICICI Prudential Asset Management Company Ltd.	Financial Services
ICICIPRULI	ICICI Prudential Life Insurance Company Ltd.	Financial Services
IDFCFIRSTB	IDFC First Bank Ltd.	Financial Services
ITCHOTELS	ITC Hotels Ltd.	Consumer Services
INDIANB	Indian Bank	Financial Services
IRCTC	Indian Railway Catering And Tourism Corporation Ltd.	Consumer Services
IREDA	Indian Renewable Energy Development Agency Ltd.	Financial Services
INDUSTOWER	Indus Towers Ltd.	Telecommunication
NAUKRI	Info Edge (India) Ltd.	Consumer Services
IPCALAB	Ipca Laboratories Ltd.	Healthcare
JKCEMENT	J.K. Cement Ltd.	Construction Materials
JSWENERGY	JSW Energy Ltd.	Power
JSWINFRA	JSW Infrastructure Ltd.	Services
JSL	Jindal Stainless Ltd.	Metals & Mining
JUBLFOOD	Jubilant Foodworks Ltd.	Consumer Services
KPRMILL	K.P.R. Mill Ltd.	Textiles
KEI	KEI Industries Ltd.	Capital Goods
KPITTECH	KPIT Technologies Ltd.	Information Technology
KALYANKJIL	Kalyan Jewellers India Ltd.	Consumer Durables
LTF	L&T Finance Ltd.	Financial Services
LTTS	L&T Technology Services Ltd.	Information Technology
LGEINDIA	LG Electronics India Ltd.	Consumer Durables
LICHSGFIN	LIC Housing Finance Ltd.	Financial Services
LENSKART	Lenskart Solutions Ltd.	Consumer Services
LICI	Life Insurance Corporation of India	Financial Services
LINDEINDIA	Linde India Ltd.	Chemicals
LLOYDSME	Lloyds Metals And Energy Ltd.	Metals & Mining
MRF	MRF Ltd.	Automobile and Auto Components
M&MFIN	Mahindra & Mahindra Financial Services Ltd.	Financial Services
MANKIND	Mankind Pharma Ltd.	Healthcare
MARICO	Marico Ltd.	Fast Moving Consumer Goods
MFSL	Max Financial Services Ltd.	Financial Services
MOTILALOFS	Motilal Oswal Financial Services Ltd.	Financial Services
MPHASIS	MphasiS Ltd.	Information Technology
NHPC	NHPC Ltd.	Power
NLCINDIA	NLC India Ltd.	Power
NMDC	NMDC Ltd.	Metals & Mining
NTPCGREEN	NTPC Green Energy Ltd.	Power
NATIONALUM	National Aluminium Co. Ltd.	Metals & Mining
NAM-INDIA	Nippon Life India Asset Management Ltd.	Financial Services
OBEROIRLTY	Oberoi Realty Ltd.	Realty
OIL	Oil India Ltd.	Oil Gas & Consumable Fuels
PAYTM	One 97 Communications Ltd.	Financial Services
OFSS	Oracle Financial Services Software Ltd.	Information Technology
POLICYBZR	PB Fintech Ltd.	Financial Services
PIIND	PI Industries Ltd.	Chemicals
PAGEIND	Page Industries Ltd.	Textiles
PATANJALI	Patanjali Foods Ltd.	Fast Moving Consumer Goods
PERSISTENT	Persistent Systems Ltd.	Information Technology
PETRONET	Petronet LNG Ltd.	Oil Gas & Consumable Fuels
PHOENIXLTD	Phoenix Mills Ltd.	Realty
POLYCAB	Polycab India Ltd.	Capital Goods
PREMIERENE	Premier Energies Ltd.	Capital Goods
PRESTIGE	Prestige Estates Projects Ltd.	Realty
RADICO	Radico Khaitan Ltd	Fast Moving Consumer Goods
RVNL	Rail Vikas Nigam Ltd.	Construction
SBICARD	SBI Cards and Payment Services Ltd.	Financial Services
SJVN	SJVN Ltd.	Power
SRF	SRF Ltd.	Chemicals
SCHAEFFLER	Schaeffler India Ltd.	Automobile and Auto Components
SAIL	Steel Authority of India Ltd.	Metals & Mining
SUNDARMFIN	Sundaram Finance Ltd.	Financial Services
SUPREMEIND	Supreme Industries Ltd.	Capital Goods
SWIGGY	Swiggy Ltd.	Consumer Services
TATACOMM	Tata Communications Ltd.	Telecommunication
TATAELXSI	Tata Elxsi Ltd.	Information Technology
TATAINVEST	Tata Investment Corporation Ltd.	Financial Services
NIACL	The New India Assurance Company Ltd.	Financial Services
THERMAX	Thermax Ltd.	Capital Goods
TORNTPOWER	Torrent Power Ltd.	Power
TIINDIA	Tube Investments of India Ltd.	Automobile and Auto Components
UNOMINDA	UNO Minda Ltd.	Automobile and Auto Components
UPL	UPL Ltd.	Chemicals
UBL	United Breweries Ltd.	Fast Moving Consumer Goods
VMM	Vishal Mega Mart Ltd.	Consumer Services
IDEA	Vodafone Idea Ltd.	Telecommunication
VOLTAS	Voltas Ltd.	Consumer Durables
WAAREEENER	Waaree Energies Ltd.	Capital Goods
YESBANK	Yes Bank Ltd.	Financial Services

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 Midcap 150 PE ratio?

As of 21 July 2026, the Nifty Midcap 150 PE ratio is 29.42. That is about 1% below its 5-year median of 29.80 and about 11% below its 1-year median of 32.91.

Is the Nifty Midcap 150 undervalued right now?

On a historical basis it screens as fairly valued. Its current PE of 29.42 sits below every median window: 1-year (32.91), 3-year (33.63), 5-year (29.80), 7-year (30.89), 10-year (33.80) and full-history (33.80).

What is a normal PE ratio for the Nifty Midcap 150?

Over the past five years its median PE has been 29.80, and over the past three years 33.63. Today's 29.42 is toward the lower end of that historical range.

How many stocks are in the Nifty Midcap 150?

The Nifty Midcap 150 contains 150 stocks. By number of companies, its largest sectors are Financial Services (36 stocks), Capital Goods (19 stocks) and Healthcare (14 stocks).

What returns has the Nifty Midcap 150 delivered?

As of June 2026, the Nifty Midcap 150 total return (with dividends reinvested) is +4.22% over the past year and +18.29% 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 Midcap 150?

Over the year to June 2026, the Nifty Midcap 150 had an annualized volatility (standard deviation of daily returns) of 16.21%. Its beta versus the Nifty 50 is 1.10, meaning it has moved more than the broad market.

What is a typical one-year return for the Nifty Midcap 150?

Across every one-year holding window since 2005, the Nifty Midcap 150 total return has a median of +14.21%, with the best window at +169.32% and the worst at -67.02%. Based on NSE Total Returns Index data; a past distribution, not a prediction.

What have 5-year returns been from PE levels like today's?

The Nifty Midcap 150 currently trades at a PE of 29.30, in band 2 of 5 of its own PE history. Across 227 overlapping 5-year windows since 2016 that began in this band, the median forward return was +27.36% a year, positive in 100% of windows. A past distribution, not a prediction.

Last updated: 21 July 2026.