Nifty MidSmallcap 400 PE Ratio

Fairly ValuedBroad MarketNSELast updated: 21 Jul 2026

Select Metric:

Current PE Ratio

31.37

5Y Median PE

30.06

vs 5Y Median

+4.36%

The Nifty MidSmallcap 400 PE ratio is 31.37 as of 21 July 2026, about 4% above its 5-year median of 30.06, which places it in fairly valued territory on a historical basis.

PE Ratio vs Historical Medians

Period	Median PE	Current vs Median
Full history	32.19	-2.55%
7 Years	31.41	-0.13%
5 Years	30.06	+4.36%
3 Years	32.08	-2.21%
1 Year	31.54	-0.52%

Historical PE Ratio

Performance and risk

1Y total return

+2.71%

5Y total return (p.a.)

+17.81%

Volatility (1Y std dev)

16.31%

Beta vs Nifty 50 (1Y)

1.09

1-year holding windows since 2005 returned a median of +12.59% (best +171.27%, worst -67.84%).

View full performance and risk

Returns as of June 2026, from the NSE factsheet for the Nifty MidSmallcap 400. 1-year returns are absolute; 5-year returns are annualized.

Stocks in the Nifty MidSmallcap 400

The Nifty MidSmallcap 400 contains 400 constituents. Its largest sectors by weight are Financial Services (26.2%) and Capital Goods (14.1%).

Financial Services: 26.2%Capital Goods: 14.1%Healthcare: 11.5%Automobile and Auto Components: 7.3%Consumer Services: 5.0%Chemicals: 4.8%+14 more sectors

Symbol	Company	Industry	Weight(%)
BSE	BSE Ltd.	Financial Services	2.54
FEDERALBNK	Federal Bank Ltd.	Financial Services	1.31
MCX	Multi Commodity Exchange of India Ltd.	Financial Services	1.16
SUZLON	Suzlon Energy Ltd.	Capital Goods	1.15
HEROMOTOCO	Hero MotoCorp Ltd.	Automobile and Auto Components	1.00
GVT&D	GE Vernova T&D India Ltd.	Capital Goods	0.99
INDUSINDBK	IndusInd Bank Ltd.	Financial Services	0.98
BHEL	Bharat Heavy Electricals Ltd.	Capital Goods	0.97
LAURUSLABS	Laurus Labs Ltd.	Healthcare	0.95
LUPIN	Lupin Ltd.	Healthcare	0.95
360ONE	360 ONE WAM Ltd.	Financial Services
3MINDIA	3M India Ltd.	Diversified
ACC	ACC Ltd.	Construction Materials
ACMESOLAR	ACME Solar Holdings Ltd.	Power
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
AADHARHFC	Aadhar Housing Finance Ltd.	Financial Services
AARTIIND	Aarti Industries Ltd.	Chemicals
AAVAS	Aavas Financiers Ltd.	Financial Services
ABBOTINDIA	Abbott India Ltd.	Healthcare
ACE	Action Construction Equipment Ltd.	Capital Goods
ACUTAAS	Acutaas Chemicals Ltd.	Healthcare
ATGL	Adani Total Gas Ltd.	Oil Gas & Consumable Fuels
ABCAPITAL	Aditya Birla Capital Ltd.	Financial Services
ABFRL	Aditya Birla Fashion and Retail Ltd.	Consumer Services
ABLBL	Aditya Birla Lifestyle Brands Ltd.	Consumer Services
ABREL	Aditya Birla Real Estate Ltd.	Realty
ABSLAMC	Aditya Birla Sun Life AMC Ltd.	Financial Services
CPPLUS	Aditya Infotech Ltd.	Capital Goods
AEGISLOG	Aegis Logistics Ltd.	Oil Gas & Consumable Fuels
AEGISVOPAK	Aegis Vopak Terminals Ltd.	Oil Gas & Consumable Fuels
AFCONS	Afcons Infrastructure Ltd.	Construction
AFFLE	Affle 3i Ltd.	Information Technology
AJANTPHARM	Ajanta Pharmaceuticals Ltd.	Healthcare
ALKEM	Alkem Laboratories Ltd.	Healthcare
ABDL	Allied Blenders and Distillers Ltd.	Fast Moving Consumer Goods
ARE&M	Amara Raja Energy & Mobility Ltd.	Automobile and Auto Components
AMBER	Amber Enterprises India Ltd.	Consumer Durables
ANANDRATHI	Anand Rathi Wealth Ltd.	Financial Services
ANANTRAJ	Anant Raj Ltd.	Realty
ANGELONE	Angel One Ltd.	Financial Services
ANTHEM	Anthem Biosciences Ltd.	Healthcare
ANURAS	Anupam Rasayan India Ltd.	Chemicals
APARINDS	Apar Industries Ltd.	Capital Goods
APOLLOTYRE	Apollo Tyres Ltd.	Automobile and Auto Components
APTUS	Aptus Value Housing Finance India Ltd.	Financial Services
ASAHIINDIA	Asahi India Glass Ltd.	Automobile and Auto Components
ASHOKLEY	Ashok Leyland Ltd.	Capital Goods
ASTERDM	Aster DM Healthcare Ltd.	Healthcare
ASTRAL	Astral Ltd.	Capital Goods
ATHERENERG	Ather Energy Ltd.	Automobile and Auto Components
ATUL	Atul Ltd.	Chemicals
AUROPHARMA	Aurobindo Pharma Ltd.	Healthcare
AIIL	Authum Investment & Infrastructure Ltd.	Financial Services
BEML	BEML Ltd.	Capital Goods
BLS	BLS International Services Ltd.	Consumer Services
BAJAJHFL	Bajaj Housing Finance Ltd.	Financial Services
BALKRISIND	Balkrishna Industries Ltd.	Automobile and Auto Components
BALRAMCHIN	Balrampur Chini Mills Ltd.	Fast Moving Consumer Goods
BANDHANBNK	Bandhan Bank Ltd.	Financial Services
BANKINDIA	Bank of India	Financial Services
MAHABANK	Bank of Maharashtra	Financial Services
BATAINDIA	Bata India Ltd.	Consumer Durables
BAYERCROP	Bayer Cropscience Ltd.	Chemicals
BELRISE	Belrise Industries Ltd.	Automobile and Auto Components
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
BIKAJI	Bikaji Foods International Ltd.	Fast Moving Consumer Goods
GROWW	Billionbrains Garage Ventures Ltd.	Financial Services
BIOCON	Biocon Ltd.	Healthcare
BSOFT	Birlasoft Ltd.	Information Technology
BLUEDART	Blue Dart Express Ltd.	Services
BLUEJET	Blue Jet Healthcare Ltd.	Healthcare
BLUESTARCO	Blue Star Ltd.	Consumer Durables
BBTC	Bombay Burmah Trading Corporation Ltd.	Fast Moving Consumer Goods
FIRSTCRY	Brainbees Solutions Ltd.	Consumer Services
BRIGADE	Brigade Enterprises Ltd.	Realty
MAPMYINDIA	C.E. Info Systems Ltd.	Information Technology
CCL	CCL Products (I) Ltd.	Fast Moving Consumer Goods
CESC	CESC Ltd.	Power
CIEINDIA	CIE Automotive India Ltd.	Automobile and Auto Components
CRISIL	CRISIL Ltd.	Financial Services
CANFINHOME	Can Fin Homes Ltd.	Financial Services
CANHLIFE	Canara HSBC Life Insurance Company Ltd.	Financial Services
CAPLIPOINT	Caplin Point Laboratories Ltd.	Healthcare
CGCL	Capri Global Capital Ltd.	Financial Services
CARBORUNIV	Carborundum Universal Ltd.	Capital Goods
CARTRADE	Cartrade Tech Ltd.	Consumer Services
CASTROLIND	Castrol India Ltd.	Oil Gas & Consumable Fuels
CEATLTD	Ceat Ltd.	Automobile and Auto Components
CEMPRO	Cemindia Projects Ltd.	Construction
CENTRALBK	Central Bank of India	Financial Services
CDSL	Central Depository Services (India) Ltd.	Financial Services
CHALET	Chalet Hotels Ltd.	Consumer Services
CHAMBLFERT	Chambal Fertilizers & Chemicals Ltd.	Chemicals
CHENNPETRO	Chennai Petroleum Corporation Ltd.	Oil Gas & Consumable Fuels
CHOICEIN	Choice International Ltd.	Financial Services
CHOLAHLDNG	Cholamandalam Financial Holdings Ltd.	Financial Services
CUB	City Union Bank Ltd.	Financial Services
CLEAN	Clean Science and Technology Ltd.	Chemicals
COCHINSHIP	Cochin Shipyard Ltd.	Capital Goods
COFORGE	Coforge Ltd.	Information Technology
COHANCE	Cohance Lifesciences Ltd.	Healthcare
COLPAL	Colgate Palmolive (India) Ltd.	Fast Moving Consumer Goods
CAMS	Computer Age Management Services Ltd.	Financial Services
CONCORDBIO	Concord Biotech Ltd.	Healthcare
CONCOR	Container Corporation of India Ltd.	Services
COROMANDEL	Coromandel International Ltd.	Chemicals
CRAFTSMAN	Craftsman Automation Ltd.	Automobile and Auto Components
CREDITACC	CreditAccess Grameen Ltd.	Financial Services
CROMPTON	Crompton Greaves Consumer Electricals Ltd.	Consumer Durables
CYIENT	Cyient Ltd.	Information Technology
DCMSHRIRAM	DCM Shriram Ltd.	Diversified
DOMS	DOMS Industries Ltd.	Fast Moving Consumer Goods
DABUR	Dabur India Ltd.	Fast Moving Consumer Goods
DALBHARAT	Dalmia Bharat Ltd.	Construction Materials
DATAPATTNS	Data Patterns (India) Ltd.	Capital Goods
DEEPAKFERT	Deepak Fertilisers & Petrochemicals Corp. Ltd.	Chemicals
DEEPAKNTR	Deepak Nitrite Ltd.	Chemicals
DELHIVERY	Delhivery Ltd.	Services
DEVYANI	Devyani International Ltd.	Consumer Services
DIXON	Dixon Technologies (India) Ltd.	Consumer Durables
LALPATHLAB	Dr. Lal Path Labs Ltd.	Healthcare
EIDPARRY	E.I.D. Parry (India) Ltd.	Fast Moving Consumer Goods
EIHOTEL	EIH Ltd.	Consumer Services
ELECON	Elecon Engineering Co. Ltd.	Capital Goods
ELGIEQUIP	Elgi Equipments Ltd.	Capital Goods
EMAMILTD	Emami Ltd.	Fast Moving Consumer Goods
EMCURE	Emcure Pharmaceuticals Ltd.	Healthcare
EMMVEE	Emmvee Photovoltaic Power Ltd.	Capital Goods
ENDURANCE	Endurance Technologies Ltd.	Automobile and Auto Components
ENGINERSIN	Engineers India Ltd.	Construction
ERIS	Eris Lifesciences Ltd.	Healthcare
ESCORTS	Escorts Kubota Ltd.	Capital Goods
EXIDEIND	Exide Industries Ltd.	Automobile and Auto Components
NYKAA	FSN E-Commerce Ventures Ltd.	Consumer Services
FACT	Fertilisers and Chemicals Travancore Ltd.	Chemicals
FINCABLES	Finolex Cables Ltd.	Capital Goods
FSL	Firstsource Solutions Ltd.	Services
FIVESTAR	Five-Star Business Finance Ltd.	Financial Services
FORCEMOT	Force Motors Ltd.	Automobile and Auto Components
FORTIS	Fortis Healthcare Ltd.	Healthcare
GMRAIRPORT	GMR Airports Ltd.	Services
GABRIEL	Gabriel India Ltd.	Automobile and Auto Components
GALLANTT	Gallantt Ispat Ltd.	Capital Goods
GRSE	Garden Reach Shipbuilders & Engineers Ltd.	Capital Goods
GICRE	General Insurance Corporation of India	Financial Services
GILLETTE	Gillette India Ltd.	Fast Moving Consumer Goods
GLAND	Gland Pharma Ltd.	Healthcare
GLAXO	Glaxosmithkline Pharmaceuticals Ltd.	Healthcare
GLENMARK	Glenmark Pharmaceuticals Ltd.	Healthcare
MEDANTA	Global Health Ltd.	Healthcare
GODIGIT	Go Digit General Insurance Ltd.	Financial Services
GPIL	Godawari Power & Ispat Ltd.	Capital Goods
GODFRYPHLP	Godfrey Phillips India Ltd.	Fast Moving Consumer Goods
GODREJIND	Godrej Industries Ltd.	Diversified
GODREJPROP	Godrej Properties Ltd.	Realty
GRANULES	Granules India Ltd.	Healthcare
GRAPHITE	Graphite India Ltd.	Capital Goods
GRAVITA	Gravita India Ltd.	Metals & Mining
GESHIP	Great Eastern Shipping Co. Ltd.	Services
FLUOROCHEM	Gujarat Fluorochemicals Ltd.	Chemicals
GMDCLTD	Gujarat Mineral Development Corporation Ltd.	Metals & Mining
HEG	H.E.G. Ltd.	Capital Goods
HBLENGINE	HBL Engineering Ltd.	Capital Goods
HDBFS	HDB Financial Services Ltd.	Financial Services
HFCL	HFCL Ltd.	Telecommunication
HAVELLS	Havells India Ltd.	Consumer Durables
HEXT	Hexaware Technologies Ltd.	Information Technology
HSCL	Himadri Speciality Chemical Ltd.	Chemicals
HINDCOPPER	Hindustan Copper Ltd.	Metals & Mining
HINDPETRO	Hindustan Petroleum Corporation Ltd.	Oil Gas & Consumable Fuels
POWERINDIA	Hitachi Energy India Ltd.	Capital Goods
HOMEFIRST	Home First Finance Company India Ltd.	Financial Services
HONASA	Honasa Consumer Ltd.	Fast Moving Consumer 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
IDBI	IDBI Bank Ltd.	Financial Services
IDFCFIRSTB	IDFC First Bank Ltd.	Financial Services
IFCI	IFCI Ltd.	Financial Services
IIFL	IIFL Finance Ltd.	Financial Services
IRB	IRB Infrastructure Developers Ltd.	Construction
IRCON	IRCON International Ltd.	Construction
ITCHOTELS	ITC Hotels Ltd.	Consumer Services
ITI	ITI Ltd.	Telecommunication
INDGN	Indegene Ltd.	Healthcare
INDIACEM	India Cements Ltd.	Construction Materials
INDIAMART	Indiamart Intermesh Ltd.	Consumer Services
INDIANB	Indian Bank	Financial Services
IEX	Indian Energy Exchange Ltd.	Financial Services
IOB	Indian Overseas Bank	Financial Services
IRCTC	Indian Railway Catering And Tourism Corporation Ltd.	Consumer Services
IREDA	Indian Renewable Energy Development Agency Ltd.	Financial Services
IGL	Indraprastha Gas Ltd.	Oil Gas & Consumable Fuels
INDUSTOWER	Indus Towers Ltd.	Telecommunication
NAUKRI	Info Edge (India) Ltd.	Consumer Services
INOXWIND	Inox Wind Ltd.	Capital Goods
INTELLECT	Intellect Design Arena Ltd.	Information Technology
IGIL	International Gemological Institute Ltd.	Services
IKS	Inventurus Knowledge Solutions Ltd.	Information Technology
IPCALAB	Ipca Laboratories Ltd.	Healthcare
JBCHEPHARM	J.B. Chemicals & Pharmaceuticals Ltd.	Healthcare
JKCEMENT	J.K. Cement Ltd.	Construction Materials
JBMA	JBM Auto Ltd.	Automobile and Auto Components
JKTYRE	JK Tyre & Industries Ltd.	Automobile and Auto Components
JMFINANCIL	JM Financial Ltd.	Financial Services
JSWCEMENT	JSW Cement Ltd.	Construction Materials
JSWDULUX	JSW Dulux Ltd.	Consumer Durables
JSWENERGY	JSW Energy Ltd.	Power
JSWINFRA	JSW Infrastructure Ltd.	Services
JAINREC	Jain Resource Recycling Ltd.	Metals & Mining
JPPOWER	Jaiprakash Power Ventures Ltd.	Power
J&KBANK	Jammu & Kashmir Bank Ltd.	Financial Services
JINDALSAW	Jindal Saw Ltd.	Capital Goods
JSL	Jindal Stainless Ltd.	Metals & Mining
JUBLFOOD	Jubilant Foodworks Ltd.	Consumer Services
JUBLINGREA	Jubilant Ingrevia Ltd.	Chemicals
JUBLPHARMA	Jubilant Pharmova Ltd.	Healthcare
JWL	Jupiter Wagons Ltd.	Capital Goods
JYOTICNC	Jyoti CNC Automation Ltd.	Capital Goods
KPRMILL	K.P.R. Mill Ltd.	Textiles
KEI	KEI Industries Ltd.	Capital Goods
KPITTECH	KPIT Technologies Ltd.	Information Technology
KAJARIACER	Kajaria Ceramics Ltd.	Consumer Durables
KPIL	Kalpataru Projects International Ltd.	Construction
KALYANKJIL	Kalyan Jewellers India Ltd.	Consumer Durables
KARURVYSYA	Karur Vysya Bank Ltd.	Financial Services
KAYNES	Kaynes Technology India Ltd.	Capital Goods
KEC	Kec International Ltd.	Construction
KFINTECH	Kfin Technologies Ltd.	Financial Services
KIRLOSENG	Kirloskar Oil Eng Ltd.	Capital Goods
KIMS	Krishna Institute of Medical Sciences Ltd.	Healthcare
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
LTFOODS	LT Foods Ltd.	Fast Moving Consumer Goods
LATENTVIEW	Latent View Analytics Ltd.	Information Technology
THELEELA	Leela Palaces Hotels & Resorts Ltd.	Consumer Services
LEMONTREE	Lemon Tree Hotels Ltd.	Consumer 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
MMTC	MMTC Ltd.	Services
MRF	MRF Ltd.	Automobile and Auto Components
MGL	Mahanagar Gas Ltd.	Oil Gas & Consumable Fuels
M&MFIN	Mahindra & Mahindra Financial Services Ltd.	Financial Services
MANAPPURAM	Manappuram Finance Ltd.	Financial Services
MRPL	Mangalore Refinery & Petrochemicals Ltd.	Oil Gas & Consumable Fuels
MANKIND	Mankind Pharma Ltd.	Healthcare
MARICO	Marico Ltd.	Fast Moving Consumer Goods
MFSL	Max Financial Services Ltd.	Financial Services
MEESHO	Meesho Ltd.	Consumer Services
MINDACORP	Minda Corporation Ltd.	Automobile and Auto Components
MSUMI	Motherson Sumi Wiring India Ltd.	Automobile and Auto Components
MOTILALOFS	Motilal Oswal Financial Services Ltd.	Financial Services
MPHASIS	MphasiS Ltd.	Information Technology
NATCOPHARM	NATCO Pharma Ltd.	Healthcare
NBCC	NBCC (India) Ltd.	Construction
NCC	NCC Ltd.	Construction
NHPC	NHPC Ltd.	Power
NLCINDIA	NLC India Ltd.	Power
NMDC	NMDC Ltd.	Metals & Mining
NSLNISP	NMDC Steel Ltd.	Metals & Mining
NTPCGREEN	NTPC Green Energy Ltd.	Power
NH	Narayana Hrudayalaya Ltd.	Healthcare
NATIONALUM	National Aluminium Co. Ltd.	Metals & Mining
NAVA	Nava Ltd.	Power
NAVINFLUOR	Navin Fluorine International Ltd.	Chemicals
NETWEB	Netweb Technologies India Ltd.	Information Technology
NEULANDLAB	Neuland Laboratories Ltd.	Healthcare
NEWGEN	Newgen Software Technologies Ltd.	Information Technology
NAM-INDIA	Nippon Life India Asset Management Ltd.	Financial Services
NIVABUPA	Niva Bupa Health Insurance Company Ltd.	Financial Services
NUVAMA	Nuvama Wealth Management Ltd.	Financial Services
NUVOCO	Nuvoco Vistas Corporation Ltd.	Construction Materials
OBEROIRLTY	Oberoi Realty Ltd.	Realty
OIL	Oil India Ltd.	Oil Gas & Consumable Fuels
OLAELEC	Ola Electric Mobility Ltd.	Automobile and Auto Components
OLECTRA	Olectra Greentech Ltd.	Automobile and Auto Components
PAYTM	One 97 Communications Ltd.	Financial Services
ONESOURCE	Onesource Specialty Pharma Ltd.	Healthcare
OFSS	Oracle Financial Services Software Ltd.	Information Technology
POLICYBZR	PB Fintech Ltd.	Financial Services
PCBL	PCBL Chemical Ltd.	Chemicals
PGEL	PG Electroplast Ltd.	Consumer Durables
PIIND	PI Industries Ltd.	Chemicals
PNBHOUSING	PNB Housing Finance Ltd.	Financial Services
PTCIL	PTC Industries Ltd.	Capital Goods
PVRINOX	PVR INOX Ltd.	Media Entertainment & Publication
PAGEIND	Page Industries Ltd.	Textiles
PARADEEP	Paradeep Phosphates Ltd.	Chemicals
PATANJALI	Patanjali Foods Ltd.	Fast Moving Consumer Goods
PERSISTENT	Persistent Systems Ltd.	Information Technology
PETRONET	Petronet LNG Ltd.	Oil Gas & Consumable Fuels
PFIZER	Pfizer Ltd.	Healthcare
PHOENIXLTD	Phoenix Mills Ltd.	Realty
PWL	Physicswallah Ltd.	Consumer Services
PINELABS	Pine Labs Ltd.	Financial Services
PIRAMALFIN	Piramal Finance Ltd.	Financial Services
PPLPHARMA	Piramal Pharma Ltd.	Healthcare
POLYMED	Poly Medicure Ltd.	Healthcare
POLYCAB	Polycab India Ltd.	Capital Goods
POONAWALLA	Poonawalla Fincorp Ltd.	Financial Services
PREMIERENE	Premier Energies Ltd.	Capital Goods
PRESTIGE	Prestige Estates Projects Ltd.	Realty
RRKABEL	R R Kabel Ltd.	Capital Goods
RBLBANK	RBL Bank Ltd.	Financial Services
RHIM	RHI MAGNESITA INDIA LTD.	Capital Goods
RITES	RITES Ltd.	Construction
RADICO	Radico Khaitan Ltd	Fast Moving Consumer Goods
RVNL	Rail Vikas Nigam Ltd.	Construction
RAILTEL	Railtel Corporation Of India Ltd.	Telecommunication
RAINBOW	Rainbow Childrens Medicare Ltd.	Healthcare
RKFORGE	Ramkrishna Forgings Ltd.	Automobile and Auto Components
REDINGTON	Redington Ltd.	Services
RPOWER	Reliance Power Ltd.	Power
SBFC	SBFC Finance Ltd.	Financial Services
SBICARD	SBI Cards and Payment Services Ltd.	Financial Services
SJVN	SJVN Ltd.	Power
SRF	SRF Ltd.	Chemicals
SAGILITY	Sagility Ltd.	Information Technology
SAILIFE	Sai Life Sciences Ltd.	Healthcare
SAMMAANCAP	Sammaan Capital Ltd.	Financial Services
SAPPHIRE	Sapphire Foods India Ltd.	Consumer Services
SARDAEN	Sarda Energy and Minerals Ltd.	Metals & Mining
SAREGAMA	Saregama India Ltd	Media Entertainment & Publication
SCHAEFFLER	Schaeffler India Ltd.	Automobile and Auto Components
SCHNEIDER	Schneider Electric Infrastructure Ltd.	Capital Goods
SCI	Shipping Corporation of India Ltd.	Services
SHYAMMETL	Shyam Metalics and Energy Ltd.	Capital Goods
SIGNATURE	Signatureglobal (India) Ltd.	Realty
SOBHA	Sobha Ltd.	Realty
SONACOMS	Sona BLW Precision Forgings Ltd.	Automobile and Auto Components
SONATSOFTW	Sonata Software Ltd.	Information Technology
STARHEALTH	Star Health and Allied Insurance Company Ltd.	Financial Services
SAIL	Steel Authority of India Ltd.	Metals & Mining
SUMICHEM	Sumitomo Chemical India Ltd.	Chemicals
SUNTV	Sun TV Network Ltd.	Media Entertainment & Publication
SUNDARMFIN	Sundaram Finance Ltd.	Financial Services
SUPREMEIND	Supreme Industries Ltd.	Capital Goods
SPLPETRO	Supreme Petrochem Ltd.	Chemicals
SWANCORP	Swan Corp Ltd.	Chemicals
SWIGGY	Swiggy Ltd.	Consumer Services
SYNGENE	Syngene International Ltd.	Healthcare
SYRMA	Syrma SGS Technology Ltd.	Capital Goods
TBOTEK	TBO Tek Ltd.	Consumer Services
TATACHEM	Tata Chemicals Ltd.	Chemicals
TATACOMM	Tata Communications Ltd.	Telecommunication
TATAELXSI	Tata Elxsi Ltd.	Information Technology
TATAINVEST	Tata Investment Corporation Ltd.	Financial Services
TATATECH	Tata Technologies Ltd.	Information Technology
TTML	Tata Teleservices (Maharashtra) Ltd.	Telecommunication
TECHNOE	Techno Electric & Engineering Company Ltd.	Construction
TEGA	Tega Industries Ltd.	Capital Goods
TEJASNET	Tejas Networks Ltd.	Telecommunication
TENNIND	Tenneco Clean Air India Ltd.	Automobile and Auto Components
NIACL	The New India Assurance Company Ltd.	Financial Services
RAMCOCEM	The Ramco Cements Ltd.	Construction Materials
THERMAX	Thermax Ltd.	Capital Goods
TIMKEN	Timken India Ltd.	Capital Goods
TITAGARH	Titagarh Rail Systems Ltd.	Capital Goods
TORNTPOWER	Torrent Power Ltd.	Power
TARIL	Transformers And Rectifiers (India) Ltd.	Capital Goods
TRAVELFOOD	Travel Food Services Ltd.	Consumer Services
TRIDENT	Trident Ltd.	Textiles
TRITURBINE	Triveni Turbine Ltd.	Capital Goods
TIINDIA	Tube Investments of India Ltd.	Automobile and Auto Components
UCOBANK	UCO Bank	Financial Services
UNOMINDA	UNO Minda Ltd.	Automobile and Auto Components
UPL	UPL Ltd.	Chemicals
UTIAMC	UTI Asset Management Company Ltd.	Financial Services
UBL	United Breweries Ltd.	Fast Moving Consumer Goods
URBANCO	Urban Company Ltd.	Consumer Services
USHAMART	Usha Martin Ltd.	Capital Goods
VTL	Vardhman Textiles Ltd.	Textiles
VIJAYA	Vijaya Diagnostic Centre Ltd.	Healthcare
VMM	Vishal Mega Mart Ltd.	Consumer Services
IDEA	Vodafone Idea Ltd.	Telecommunication
VOLTAS	Voltas Ltd.	Consumer Durables
WAAREEENER	Waaree Energies Ltd.	Capital Goods
WELCORP	Welspun Corp Ltd.	Capital Goods
WELSPUNLIV	Welspun Living Ltd.	Textiles
WHIRLPOOL	Whirlpool of India Ltd.	Consumer Durables
WOCKPHARMA	Wockhardt Ltd.	Healthcare
YESBANK	Yes Bank Ltd.	Financial Services
ZFCVINDIA	ZF Commercial Vehicle Control Systems India Ltd.	Automobile and Auto Components
ZEEL	Zee Entertainment Enterprises Ltd.	Media Entertainment & Publication
ZENTEC	Zen Technologies Ltd.	Capital Goods
ZENSARTECH	Zensar Technolgies Ltd.	Information Technology
ZYDUSWELL	Zydus Wellness Ltd.	Fast Moving Consumer Goods
ECLERX	eClerx Services Ltd.	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 MidSmallcap 400 PE ratio?

As of 21 July 2026, the Nifty MidSmallcap 400 PE ratio is 31.37. That is about 4% above its 5-year median of 30.06 and about 1% below its 1-year median of 31.54.

Is the Nifty MidSmallcap 400 undervalued right now?

On a historical basis it screens as fairly valued. Its current PE of 31.37 compares with its historical medians: 1-year (31.54), 3-year (32.08), 5-year (30.06), 7-year (31.41) and full-history (32.19).

What is a normal PE ratio for the Nifty MidSmallcap 400?

Over the past five years its median PE has been 30.06, and over the past three years 32.08. Today's 31.37 is around the middle of that historical range.

How many stocks are in the Nifty MidSmallcap 400?

The Nifty MidSmallcap 400 contains 400 stocks. By number of companies, its largest sectors are Financial Services (78 stocks), Capital Goods (54 stocks) and Healthcare (41 stocks).

What returns has the Nifty MidSmallcap 400 delivered?

As of June 2026, the Nifty MidSmallcap 400 total return (with dividends reinvested) is +2.71% over the past year and +17.81% 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 MidSmallcap 400?

Over the year to June 2026, the Nifty MidSmallcap 400 had an annualized volatility (standard deviation of daily returns) of 16.31%. Its beta versus the Nifty 50 is 1.09, meaning it has moved more than the broad market.

What is a typical one-year return for the Nifty MidSmallcap 400?

Across every one-year holding window since 2005, the Nifty MidSmallcap 400 total return has a median of +12.59%, with the best window at +171.27% and the worst at -67.84%. Based on NSE Total Returns Index data; a past distribution, not a prediction.

Last updated: 21 July 2026.