NIFTY SME EMERGE PE Ratio
Significantly UndervaluedThematicNSELast updated: 21 Jul 2026
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Current PE Ratio
22.93
5Y Median PE
57.23
vs 5Y Median
-59.94%
The NIFTY SME EMERGE PE ratio is 22.93 as of 21 July 2026, about 60% below its 5-year median of 57.23, which places it in significantly undervalued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| Full history | 34.24 | -33.03% |
| 7 Years | 52.49 | -56.32% |
| 5 Years | 57.23 | -59.94% |
| 3 Years | 52.98 | -56.72% |
| 1 Year | 24.81 | -7.60% |
Historical PE Ratio
Performance and risk
1Y total return
-5.10%
5Y total return (p.a.)
+40.09%
Volatility (1Y std dev)
16.44%
Beta vs Nifty 50 (1Y)
0.85
1-year holding windows since 2016 returned a median of +43.93% (best +166.60%, worst -30.88%).
View full performance and risk
Returns as of June 2026, from the NSE factsheet for the NIFTY SME EMERGE. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the NIFTY SME EMERGE
The NIFTY SME EMERGE contains 532 constituents. Its largest sectors by weight are Capital Goods (35.1%) and Services (9.0%).
Capital Goods: 35.1%Services: 9.0%Fast Moving Consumer Goods: 7.2%Consumer Durables: 6.9%Healthcare: 5.7%Information Technology: 5.5%+14 more sectors
| Symbol | Company | Industry | Weight(%) |
|---|---|---|---|
| VMARCIND | V Marc India Ltd. | Capital Goods | 3.31 |
| ORIANA | Oriana Power Ltd. | Capital Goods | 3.21 |
| VINYAS | Vinyas Innovative Technologies Ltd. | Capital Goods | 2.96 |
| AIMTRON | Aimtron Electronics Ltd. | Capital Goods | 1.73 |
| ALPEXSOLAR | Alpex Solar Ltd. | Capital Goods | 1.55 |
| ANONDITA | Anondita Medicare Ltd. | Fast Moving Consumer Goods | 1.29 |
| DANISH | Danish Power Ltd. | Capital Goods | 1.29 |
| ACCENTMIC | Accent Microcell Ltd. | Chemicals | 1.25 |
| DPEL | Divine Power Energy Ltd. | Capital Goods | 1.05 |
| MONOLITH | Monolithisch India Ltd. | Capital Goods | 1.04 |
| AGUL | A G Universal Ltd. | Capital Goods | |
| ABSMARINE | ABS Marine Services Ltd. | Services | |
| AMCL | ANB Metal Cast Ltd. | Capital Goods | |
| AISL | ANI Integrated Services Ltd. | Services | |
| ARCIIL | ARC Insulation & Insulators Ltd. | Capital Goods | |
| ATCENERGY | ATC Energies System Ltd. | Capital Goods | |
| AVATAR | AVATAR Industries Ltd. | Automobile and Auto Components | |
| AVPINFRA | AVP Infracon Ltd. | Construction | |
| AAKAAR | Aakaar Medical Technologies Ltd. | Fast Moving Consumer Goods | |
| AARADHYA | Aaradhya Disposal Industries Ltd. | Forest Materials | |
| AATMAJ | Aatmaj Healthcare Ltd. | Healthcare | |
| ABHAPOWER | Abha Power and Steel Ltd. | Capital Goods | |
| AILIMITED | Abhishek Integrations Ltd. | Construction | |
| ACCORD | Accord Synergy Ltd. | Telecommunication | |
| ACCPL | Accretion Pharmaceuticals Ltd. | Healthcare | |
| ACETEC | Acetech E-Commerce Ltd. | Consumer Services | |
| ACTIVEINFR | Active Infrastructures Ltd. | Realty | |
| ADDICTIVE | Addictive Learning Technology Ltd. | Consumer Services | |
| ADISOFT | Adisoft Technologies Ltd. | Capital Goods | |
| AUSL | Aditya Ultra Steel Ltd. | Capital Goods | |
| AERON | Aeron Composite Ltd. | Capital Goods | |
| AESTHETIK | Aesthetik Engineers Ltd. | Construction | |
| AGARWALFT | Agarwal Float Glass India Ltd. | Capital Goods | |
| AGARWALTUF | Agarwal Toughened Glass India Ltd. | Capital Goods | |
| AGNI | Agni Green Power Ltd. | Construction | |
| AKANKSHA | Akanksha Power and Infrastructure Ltd. | Capital Goods | |
| AKIKO | Akiko Global Services Ltd. | Financial Services | |
| ALCODIS | Alcokraft Distilleries Ltd. | Fast Moving Consumer Goods | |
| ALLETEC | All E Technologies Ltd. | Information Technology | |
| ALUWIND | Aluwind Infra-Tech Ltd. | Capital Goods | |
| AMBAAUTO | Amba Auto Sales and Services Ltd. | Automobile and Auto Components | |
| AMBANIORGO | Ambani Orgochem Ltd. | Chemicals | |
| AMEYA | Ameya Precision Engineers Ltd. | Capital Goods | |
| AMIABLE | Amiable Logistics (India) Ltd. | Services | |
| ANLON | Anlon Technology Solutions Ltd. | Services | |
| ANNAPURNA | Annapurna Swadisht Ltd. | Fast Moving Consumer Goods | |
| ANYA | Anya Polytech & Fertilizers Ltd. | Chemicals | |
| APEXECO | Apex Ecotech Ltd. | Utilities | |
| APRAMEYA | Aprameya Engineering Ltd. | Healthcare | |
| APSISAERO | Apsis Aerocom Ltd. | Capital Goods | |
| ARABIAN | Arabian Petroleum Ltd. | Oil Gas & Consumable Fuels | |
| ARHAM | Arham Technologies Ltd. | Consumer Durables | |
| ARIHANTACA | Arihant Academy Ltd. | Consumer Services | |
| ARISTO | Aristo Bio-Tech and Lifescience Ltd. | Chemicals | |
| ARMOUR | Armour Security (India) Ltd. | Services | |
| ARUNAYA | Arunaya Organics Ltd. | Chemicals | |
| ARVINDPORT | Arvind Port and Infra Ltd. | Services | |
| ASCOM | Ascom Leasing & Investments Ltd. | Financial Services | |
| ASHALOG | Ashapura Logistics Ltd. | Services | |
| ASHWINI | Ashwini Container Movers Ltd. | Services | |
| ASPIRE | Aspire & Innovative Advertising Ltd. | Consumer Durables | |
| ATMASTCO | Atmastco Ltd. | Construction | |
| AUROIMPEX | Auro Impex & Chemicals Ltd. | Capital Goods | |
| APS | Australian Premium Solar (India) Limited | Capital Goods | |
| AVANA | Avana Electrosystems Ltd. | Capital Goods | |
| AVIANSH | Avi Ansh Textile Ltd. | Textiles | |
| BAGDIGITAL | B.A.G. Convergence Ltd. | Media Entertainment & Publication | |
| BEWLTD | BEW Engineering Ltd. | Capital Goods | |
| BABAFP | Baba Food Processing (India) Ltd. | Fast Moving Consumer Goods | |
| BAHETI | Baheti Recycling Industries Ltd. | Capital Goods | |
| BALAJIPHOS | Balaji Phosphates Ltd. | Chemicals | |
| BARFLEX | Barflex Polyfilms Ltd. | Capital Goods | |
| BASILIC | Basilic Fly Studio Ltd. | Media Entertainment & Publication | |
| BAWEJA | Baweja Studios Ltd. | Media Entertainment & Publication | |
| BEACON | Beacon Trusteeship Ltd. | Financial Services | |
| BHADORA | Bhadora Industries Ltd. | Capital Goods | |
| BIKEWO | Bikewo Green Tech Ltd. | Automobile and Auto Components | |
| BIOPOL | Biopol Chemicals Ltd. | Chemicals | |
| BLUEPEBBLE | Blue Pebble Ltd. | Services | |
| BLUEWATER | Blue Water Logistics Ltd. | Services | |
| BMETRICS | Bombay Metrics Supply Chain Ltd. | Services | |
| BOSS | Boss Packaging Solutions Ltd. | Capital Goods | |
| BRACEPORT | Brace Port Logistics Ltd. | Services | |
| BRANDMAN | Brandman Retail Ltd. | Consumer Durables | |
| BULKCORP | Bulkcorp International Ltd. | Capital Goods | |
| CKKRETAIL | C K K Retail Mart Ltd. | Fast Moving Consumer Goods | |
| CPS | C P S Shapers Ltd. | Textiles | |
| C2C | C2C Advanced Systems Ltd. | Capital Goods | |
| CADSYS | Cadsys (India) Ltd. | Services | |
| CANARYS | Canarys Automations Ltd. | Information Technology | |
| CUDML | Cash Ur Drive Marketing Ltd. | Media Entertainment & Publication | |
| CEDAAR | Cedaar Textile Ltd. | Textiles | |
| CELLPOINT | Cell Point (India) Ltd. | Consumer Services | |
| CELLECOR | Cellecor Gadgets Ltd. | Consumer Durables | |
| CMNL | Chaman Metallics Ltd. | Metals & Mining | |
| CHAMUNDA | Chamunda Electrical Ltd. | Services | |
| CHANDAN | Chandan Healthcare Ltd. | Healthcare | |
| CHAVDA | Chavda Infra Ltd. | Construction | |
| CHETANA | Chetana Education Ltd. | Media Entertainment & Publication | |
| CLASSICEIL | Classic Electrodes (India) Ltd. | Capital Goods | |
| CSSL | Clear Secured Services Ltd. | Services | |
| COMMITTED | Committed Cargo Care Ltd. | Services | |
| CONNPLEX | Connplex Cinemas Ltd. | Media Entertainment & Publication | |
| CONTI | Continental Seeds and Chemicals Ltd. | Fast Moving Consumer Goods | |
| COOLCAPS | Cool Caps Industries Ltd. | Capital Goods | |
| CRAYONS | Crayons Advertising Ltd. | Media Entertainment & Publication | |
| CGRAPHICS | Creative Graphics Solutions India Ltd. | Capital Goods | |
| CLSL | Crop Life Science Ltd. | Chemicals | |
| CURIS | Curis Lifesciences Ltd. | Healthcare | |
| CURRENT | Current Infraprojects Ltd. | Construction | |
| CMRSL | Cyber Media Research & Services Ltd. | Media Entertainment & Publication | |
| DKEGL | D.K. Enterprises Global Ltd. | Capital Goods | |
| DCG | DCG Cables & Wires Ltd. | Capital Goods | |
| DUGLOBAL | DUDIGITAL GLOBAL LTD. | Consumer Services | |
| DCCL | Dar Credit & Capital Ltd. | Financial Services | |
| DENEERS | De Neers Tools Ltd. | Capital Goods | |
| DECCANTRAN | Deccan Transcon Leasing Ltd. | Services | |
| DEEM | Deem Roll Tech Ltd. | Capital Goods | |
| DELAPLEX | Delaplex Ltd. | Information Technology | |
| DELTIC | Delta Autocorp Ltd. | Automobile and Auto Components | |
| DHANLAXMI | Dhanlaxmi Crop Science Ltd. | Fast Moving Consumer Goods | |
| DHANSA | Dhansa Labs Ltd. | Chemicals | |
| DIRL | Dhanuka Infra Realty Ltd. | Realty | |
| DHARARAIL | Dhara Rail Projects Ltd. | Services | |
| DHARIWAL | Dhariwalcorp Ltd. | Chemicals | |
| DTL | Diensten Tech Ltd. | Services | |
| DIGIKORE | Digikore Studios Ltd. | Media Entertainment & Publication | |
| DIVINEHIRA | Divine Hira Jewellers Ltd. | Consumer Durables | |
| DIVYADHAN | Divyadhan Recycling Industries Ltd. | Textiles | |
| DHTL | Docmode Health Technologies Ltd. | Consumer Services | |
| DOLLEX | Dollex Agrotech Ltd. | Fast Moving Consumer Goods | |
| DRONE | Drone Destination Ltd. | Consumer Services | |
| DUCOL | Ducol Organics And Colours Ltd. | Chemicals | |
| DURLAX | Durlax Top Surface Ltd. | Consumer Durables | |
| DYNAMIC | Dynamic Services & Security Ltd. | Services | |
| EFACTOR | E Factor Experiences Ltd. | Consumer Services | |
| E2ERAIL | E To E Transportation Infrastructure Ltd. | Construction | |
| EMAPARTNER | EMA Partners India Ltd. | Services | |
| EPWINDIA | EPW India Ltd. | Information Technology | |
| ECOLINE | Ecoline Exim Ltd. | Capital Goods | |
| EFFWA | Effwa Infra & Research Ltd. | Utilities | |
| EFORCE | Electro Force (India) Ltd. | Capital Goods | |
| ELGNZ | Eleganz Interiors Ltd. | Services | |
| ETML | Emerald Tyre Manufacturers Ltd. | Automobile and Auto Components | |
| EMKAYTOOLS | Emkay Taps and Cutting Tools Ltd. | Power | |
| ETL | Emkay Tools Ltd. | Capital Goods | |
| ENCOMPAS | Encompass Design India Ltd. | Services | |
| EMMIL | Energy Mission Machineries (India) Ltd. | Capital Goods | |
| ENFUSE | Enfuse Solutions Ltd. | Information Technology | |
| ENSER | Enser Communications Ltd. | Information Technology | |
| ENVIRO | Envirotech Systems Ltd. | Capital Goods | |
| EEPL | Eppeltone Engineers Ltd. | Capital Goods | |
| ESCONET | Esconet Technologies Ltd. | Information Technology | |
| ESPRIT | Esprit Stones Ltd. | Consumer Durables | |
| ESFL | Essen Speciality Films Ltd. | Consumer Durables | |
| EXCELLENT | Excellent Wires and Packaging Ltd. | Capital Goods | |
| EXIMROUTES | Exim Routes Ltd. | Forest Materials | |
| FALCONTECH | Falcon Technoprojects India Ltd. | Services | |
| FELIX | Felix Industries Ltd. | Utilities | |
| FIDEL | Fidel Softech Ltd. | Information Technology | |
| FINBUD | Finbud Financial Services Ltd. | Financial Services | |
| FLYSBS | FlySBS Aviation Ltd. | Services | |
| FWSTC | Flywings Simulator Training Centre Ltd. | Consumer Services | |
| FOCE | Foce India Ltd. | Consumer Durables | |
| FONEBOX | Fonebox Retail Ltd. | Consumer Services | |
| FORCAS | Forcas Studio Ltd. | Textiles | |
| FORGEAUTO | Forge Auto International Ltd. | Automobile and Auto Components | |
| FRESHARA | Freshara Agro Exports Ltd. | Fast Moving Consumer Goods | |
| FROG | Frog Innovations Ltd. | Telecommunication | |
| GPECO | GP Eco Solutions India Ltd. | Capital Goods | |
| GSMFOILS | GSM Foils Ltd. | Capital Goods | |
| GAJANAND | Gajanand International Ltd. | Textiles | |
| GML | Galaxy Medicare Ltd. | Healthcare | |
| GGBL | Ganesh Green Bharat Ltd. | Capital Goods | |
| GANESHIN | Ganesh Infraworld Ltd. | Construction | |
| GANGABATH | Ganga Bath Fittings Ltd. | Consumer Durables | |
| GRCL | Gayatri Rubbers And Chemicals Ltd. | Capital Goods | |
| GIRIRAJ | Giriraj Civil Developers Ltd. | Construction | |
| GLOBALPET | Global Pet Industries Ltd. | Capital Goods | |
| GSTL | Globesecure Technologies Ltd. | Information Technology | |
| GOLDKART | Goldkart Jewels Ltd. | Consumer Durables | |
| GOLDSTAR | Goldstar Power Ltd. | Automobile and Auto Components | |
| GOYALSALT | Goyal Salt Ltd. | Fast Moving Consumer Goods | |
| GCHOTELS | Grand Continent Hotels Ltd. | Consumer Services | |
| GRAPHISAD | Graphisads Ltd. | Media Entertainment & Publication | |
| GREENCHEF | Greenchef Appliances Ltd. | Consumer Durables | |
| GREENLEAF | Greenleaf Envirotech Ltd. | Utilities | |
| GRETEX | Gretex Industries Ltd. | Media Entertainment & Publication | |
| BIRDYS | Grill Splendour Services Ltd. | Consumer Services | |
| GJL | Grover Jewells Ltd. | Consumer Durables | |
| GURUNANAK | Gurunanak Agriculture India Ltd. | Capital Goods | |
| HPTL | HP Telecom India Ltd. | Services | |
| HRHNEXT | HRH Next Services Ltd. | Services | |
| HVAX | HVAX Technologies Ltd. | Construction | |
| WHITEFORCE | Happy Square Outsourcing Services Ltd. | Services | |
| HIGREEN | Hi-Green Carbon Ltd. | Utilities | |
| HOACFOODS | Hoac Foods India Ltd. | Fast Moving Consumer Goods | |
| HOLMARC | Holmarc Opto-Mechatronics Ltd. | Capital Goods | |
| HOMESFY | Homesfy Realty Ltd. | Realty | |
| IBLFL | IBL Finance Ltd. | Financial Services | |
| IDEALTECHO | Ideal Technoplast Industries Ltd. | Capital Goods | |
| IDENTICAL | Identical Brains Studios Ltd. | Media Entertainment & Publication | |
| IEML | Indian Emulsifiers Ltd. | Chemicals | |
| IPHL | Indian Phosphate Ltd. | Chemicals | |
| INDIFRA | Indifra Ltd. | Oil Gas & Consumable Fuels | |
| INFINIUM | Infinium Pharmachem Ltd. | Healthcare | |
| INFLUX | Influx Healthtech Ltd. | Healthcare | |
| INFOLLION | Infollion Research Services Ltd. | Services | |
| INNOMET | Innomet Advanced Materials Ltd. | Metals & Mining | |
| ITTL | Innovative Tyres & Tubes Ltd. | Automobile and Auto Components | |
| INSPIRE | Inspire Films Ltd. | Media Entertainment & Publication | |
| IPSL | Integrated Personnel Services Ltd. | Services | |
| INTEGRITY | Integrity Infrabuild Developers Ltd. | Construction | |
| INM | Interiors & More Ltd. | Consumer Durables | |
| INVICTA | Invicta Diagnostic Ltd. | Healthcare | |
| ISHAN | Ishan International Ltd. | Capital Goods | |
| ITALIANE | Italian Edibles Ltd. | Fast Moving Consumer Goods | |
| IWARE | Iware Supplychain Services Ltd. | Services | |
| JFLLIFE | JFL Life Sciences Ltd. | Healthcare | |
| JAINAM | Jainam Ferro Alloys (I) Ltd. | Metals & Mining | |
| JAINIK | Jainik Power Cables Ltd. | Metals & Mining | |
| JALAN | Jalan Transolutions (India) Ltd. | Services | |
| JAYBEE | Jay Bee Laminations Ltd. | Capital Goods | |
| KORE | Jay Jalaram Technologies Ltd. | Consumer Services | |
| JAYESH | Jayesh Logistics Ltd. | Services | |
| JEYYAM | Jeyyam Global Foods Ltd. | Fast Moving Consumer Goods | |
| JIWANRAM | Jiwanram Sheoduttrai Industries Ltd. | Capital Goods | |
| JYOTIGLOBL | Jyoti Global Plast Ltd. | Capital Goods | |
| K2INFRA | K2 Infragen Ltd. | Construction | |
| KHFM | KHFM Hospitality And Facility Management Services Ltd. | Services | |
| KKVAPOW | KKV Agro Powers Ltd. | Consumer Durables | |
| KRMAYURVED | KRM Ayurveda Ltd. | Healthcare | |
| KKJEWELS | Kabra Jewels Ltd. | Consumer Durables | |
| KALANA | Kalana Ispat Ltd. | Capital Goods | |
| KANDARP | Kandarp Digi Smart BPO Ltd. | Services | |
| KARNIKA | Karnika Industries Ltd. | Textiles | |
| KATARIA | Kataria Industries Ltd. | Capital Goods | |
| KLL | Kaushalya Logistics Ltd. | Consumer Services | |
| KCEIL | Kay Cee Energy & Infra Ltd. | Capital Goods | |
| KAYTEX | Kaytex Fabrics Ltd. | Textiles | |
| KCK | Kck Industries Ltd. | Fast Moving Consumer Goods | |
| KEN | Ken Enterprises Ltd. | Textiles | |
| KODYTECH | Kody Technolab Ltd. | Information Technology | |
| KONSTELEC | Konstelec Engineers Ltd. | Construction | |
| KONTOR | Kontor Space Ltd. | Services | |
| KDL | Kore Digital Ltd. | Telecommunication | |
| KRISHCA | Krishca Strapping Solutions Ltd. | Capital Goods | |
| KEL | Kundan Edifice Ltd. | Consumer Durables | |
| LAKSHYA | Lakshya Powertech Ltd. | Construction | |
| LAMOSAIC | Lamosaic India Ltd. | Consumer Durables | |
| LRRPL | Lead Reclaim And Rubber Products Ltd. | Capital Goods | |
| LLOYDS | Lloyds Luxuries Ltd. | Consumer Services | |
| MVKAGRO | M.V.K. Agro Food Product Ltd. | Fast Moving Consumer Goods | |
| MILTON | MILTON INDUSTRIES LTD. | Consumer Durables | |
| MACOBSTECH | Macobs Technologies Ltd. | Fast Moving Consumer Goods | |
| MADHUSUDAN | Madhusudan Masala Ltd. | Fast Moving Consumer Goods | |
| MPTODAY | Madhya Pradesh Today Media Ltd. | Media Entertainment & Publication | |
| MAGSON | Magson Retail And Distribution Ltd. | Consumer Services | |
| MRIL | Mahendra Realtors & Infrastructure Ltd. | Construction | |
| MAHICKRA | Mahickra Chemicals Ltd. | Chemicals | |
| MAITREYA | Maitreya Medicare Ltd. | Healthcare | |
| MAKS | Maks Energy Solutions India Ltd. | Capital Goods | |
| MPEL | Manas Polymers and Energies Ltd. | Capital Goods | |
| MANAV | Manav Infra Projects Ltd. | Construction | |
| MANDEEP | Mandeep Auto Industries Ltd. | Automobile and Auto Components | |
| MAL | Mangalam Alloys Ltd. | Capital Goods | |
| MIEL | Manglam Infra & Engineering Ltd. | Services | |
| MANILAM | Manilam Industries India Ltd. | Consumer Durables | |
| MARC | Marc Technocrats Ltd. | Services | |
| MARCO | Marco Cables & Conductors Ltd. | Capital Goods | |
| MARINETRAN | Marinetrans India Ltd. | Services | |
| MARUSHIKA | Marushika Technology Ltd. | Information Technology | |
| MDL | Marvel Decor Ltd. | Consumer Durables | |
| MASON | Mason Infratech Ltd. | Realty | |
| MASTER | Master Components Ltd. | Capital Goods | |
| MGSL | Matrix Geo Solutions Ltd. | Information Technology | |
| MAXPOSURE | Maxposure Ltd. | Media Entertainment & Publication | |
| MAXVOLT | Maxvolt Energy Industries Ltd. | Automobile and Auto Components | |
| MAYASHEEL | Mayasheel Ventures Ltd. | Construction | |
| MCON | Mcon Rasayan India Ltd. | Construction Materials | |
| MEDIORG | Medicamen Organics Ltd. | Healthcare | |
| MEDISTEP | Medistep Healthcare Ltd. | Fast Moving Consumer Goods | |
| MEGAFLEX | Mega Flex Plastics Ltd. | Capital Goods | |
| MEGATHERM | Megatherm Induction Ltd. | Capital Goods | |
| MICROPRO | Micropro Software Solutions Ltd. | Information Technology | |
| MOBILISE | Mobilise App Lab Ltd. | Information Technology | |
| MHHL | Mohini Health & Hygiene Ltd. | Healthcare | |
| MONOPHARMA | Mono Pharmacare Ltd. | Healthcare | |
| MOS | Mos Utility Ltd. | Financial Services | |
| MMEL | Moving Media Entertainment Ltd. | Services | |
| MOXSH | Moxsh Overseas Educon Ltd. | Consumer Services | |
| MUNISH | Munish Forge Ltd. | Capital Goods | |
| MYMUDRA | My Mudra Fincorp Ltd. | Financial Services | |
| NRVANDANA | N R Vandana Tex Industries Ltd. | Textiles | |
| NIKITA | NIKITA GREENTECH RECYCLING Ltd. | Forest Materials | |
| NAMAN | Naman Industries Proxima Ltd. | Consumer Durables | |
| NAMOEWASTE | Namo eWaste Management Ltd. | Utilities | |
| NEELAM | Neelam Linens and Garments (India) Ltd. | Textiles | |
| NEOCHEM | Neochem Bio Solutions Ltd. | Chemicals | |
| NEPHROCARE | Nephro Care India Ltd. | Healthcare | |
| NEPTUNE | Neptune Petrochemicals Ltd. | Chemicals | |
| CBAZAAR | Net Avenue Technologies Ltd. | Consumer Services | |
| NEWJAISA | Newjaisa Technologies Ltd. | Information Technology | |
| NMSTEEL | Newmalayalam Steel Ltd. | Capital Goods | |
| NIDAN | Nidan Laboratories And Healthcare Ltd. | Healthcare | |
| NIRMAN | Nirman Agri Genetics Ltd. | Fast Moving Consumer Goods | |
| OBSCP | OBSC Perfection Ltd. | Automobile and Auto Components | |
| OMFURN | Omfurn India Ltd. | Consumer Durables | |
| ONDOOR | On Door Concepts Ltd. | Consumer Services | |
| OLIL | Oneclick Logistics India Ltd. | Services | |
| ONYX | Onyx Biotec Ltd. | Healthcare | |
| OPTIVALUE | Optivalue Tek Consulting Ltd. | Information Technology | |
| OSELDEVICE | Osel Devices Ltd. | Healthcare | |
| OWAIS | Owais Metal and Mineral Processing Ltd. | Metals & Mining | |
| PSRAJ | P S Raj Steels Ltd. | Capital Goods | |
| PROPEQUITY | P. E. Analytics Ltd. | Realty | |
| PARAMPARA | PARAMPARA DAIRY DELIGHTS LTD. | Capital Goods | |
| PARAGON | Paragon Fine and Speciality Chemical Ltd. | Chemicals | |
| PARAMATRIX | Paramatrix Technologies Ltd. | Information Technology | |
| PARAMOUNT | Paramount Dye Tec Ltd. | Textiles | |
| PSFL | Paramount Speciality Forgings Ltd. | Capital Goods | |
| PARIN | Parin Enterprises Ltd. | Consumer Durables | |
| PARTH | Parth Electricals & Engineering Ltd. | Capital Goods | |
| PARTYCRUS | Party Cruisers Ltd. | Consumer Services | |
| PATILAUTOM | Patil Automation Ltd. | Capital Goods | |
| PATTECH | Pattech Fitwell Tube Components Ltd. | Capital Goods | |
| PELATRO | Pelatro Ltd. | Media Entertainment & Publication | |
| PENTAGON | Pentagon Rubber Ltd. | Capital Goods | |
| PCCL | Petro Carbon and Chemicals Ltd. | Metals & Mining | |
| PHANTOMFX | Phantom Digital Effects Ltd. | Media Entertainment & Publication | |
| PHOGLOBAL | Phoenix Overseas Ltd. | Services | |
| PPSL | Picturepost Studios Ltd. | Media Entertainment & Publication | |
| PLADAINFO | Plada Infotech Services Ltd. | Services | |
| POLYSIL | Polysil Irrigation Systems Ltd. | Capital Goods | |
| POSITRON | Positron Energy Ltd. | Services | |
| PRAMARA | Pramara Promotions Ltd. | Media Entertainment & Publication | |
| PRANIK | Pranik Logistics Ltd. | Services | |
| PRATHAM | Pratham EPC Projects Ltd. | Construction | |
| PRECISION | Precision Metaliks Ltd. | Automobile and Auto Components | |
| PRLIND | Premier Roadlines Ltd. | Services | |
| PREMIUM | Premium Plast Ltd. | Automobile and Auto Components | |
| PRESSTONIC | Presstonic Engineering Ltd. | Capital Goods | |
| PRIMECAB | Prime Cable Industries Ltd. | Capital Goods | |
| PRITIKA | Pritika Engineering Components Ltd. | Automobile and Auto Components | |
| PRIZOR | Prizor Viztech Ltd. | Capital Goods | |
| PROFX | Pro FX Tech Ltd. | Consumer Durables | |
| PROLIFE | Prolife Industries Ltd. | Chemicals | |
| PROV | Proventus Agrocom Ltd. | Fast Moving Consumer Goods | |
| PULZ | Pulz Electronics Ltd. | Consumer Durables | |
| PURPLEUTED | Purple United Sales Ltd. | Textiles | |
| PURVFLEXI | Purv Flexipack Ltd. | Capital Goods | |
| PUSHPA | Pushpa Jewellers Ltd. | Consumer Durables | |
| QVCEL | QVC Exports Ltd. | Metals & Mining | |
| QUADPRO | Quadpro ITeS Ltd. | Information Technology | |
| QFIL | Quality Foils (India) Ltd. | Capital Goods | |
| QUESTLAB | Quest Laboratories Ltd. | Healthcare | |
| QUICKTOUCH | Quicktouch Technologies Ltd. | Services | |
| RBMINFRA | RBM Infracon Ltd. | Oil Gas & Consumable Fuels | |
| RNFI | RNFI Services Ltd. | Financial Services | |
| RILINFRA | Rachana Infrastructure Ltd. | Construction | |
| RADIOWALLA | Radiowalla Network Ltd. | Media Entertainment & Publication | |
| RCDL | Rajgor Castor Derivatives Ltd. | Fast Moving Consumer Goods | |
| RAJPUTANA | Rajputana Biodiesel Ltd. | Oil Gas & Consumable Fuels | |
| RAJINDLTD | Rajputana Industries Ltd. | Capital Goods | |
| RTL | Rama Telecom Ltd. | Telecommunication | |
| RBS | Ramdevbaba Solvent Ltd. | Fast Moving Consumer Goods | |
| RAPIDFLEET | Rapid Fleet Management Services Ltd. | Services | |
| RAPPID | Rappid Valves (India) Ltd. | Capital Goods | |
| READYMIX | Readymix Construction Machinery Ltd. | Capital Goods | |
| REFRACTORY | Refractory Shapes Ltd. | Capital Goods | |
| REMUS | Remus Pharmaceuticals Ltd. | Healthcare | |
| RNPL | Renol Polychem Ltd. | Chemicals | |
| REXPIPES | Rex Pipes and Cables Industries Ltd. | Capital Goods | |
| REXPRO | Rexpro Enterprises Ltd. | Consumer Durables | |
| RICHA | Richa Info Systems Ltd. | Information Technology | |
| RITEZONE | Rite Zone Chemcon India Ltd. | Chemicals | |
| ROCKINGDCE | Rockingdeals Circular Economy Ltd. | Services | |
| ROXHITECH | Rox Hi-Tech Ltd. | Information Technology | |
| ROYALARC | Royal Arc Electrodes Ltd. | Capital Goods | |
| RULKA | Rulka Electricals Ltd. | Services | |
| SATECH | S A Tech Software India Ltd. | Information Technology | |
| SDREAMS | S D Retail Ltd. | Textiles | |
| SJLOGISTIC | S J Logistics (India) Ltd. | Services | |
| SKP | SKP Bearing Industries Ltd. | Capital Goods | |
| SMVD | SMVD Poly Pack Ltd. | Capital Goods | |
| SPPPOLY | SPP Polymer Ltd. | Capital Goods | |
| SAAKSHI | Saakshi Medtech and Panels Ltd. | Capital Goods | |
| SABAR | Sabar Flex India Ltd. | Capital Goods | |
| SACHEEROME | Sacheerome Ltd. | Chemicals | |
| SADHAV | Sadhav Shipping Ltd. | Services | |
| SAFEENTP | Safe Enterprises Retail Fixtures Ltd. | Consumer Durables | |
| SAHAJSOLAR | Sahaj Solar Ltd. | Capital Goods | |
| SAHANA | Sahana System Ltd. | Information Technology | |
| SAHASRA | Sahasra Electronic Solutions Ltd. | Capital Goods | |
| SAJHOTELS | Saj Hotels Ltd. | Consumer Services | |
| SAMAY | Samay Project Services Ltd. | Construction | |
| SAIFL | Sameera Agro And Infra Ltd. | Fast Moving Consumer Goods | |
| SANGANI | Sangani Hospitals Ltd. | Healthcare | |
| SARTELE | Sar Televenture Ltd. | Telecommunication | |
| SAROJA | Saroja Pharma Industries India Ltd. | Chemicals | |
| SATKARTAR | Sat Kartar Life Ltd. | Healthcare | |
| SSEGL | Sathlokhar Synergys E&C Global Ltd. | Construction | |
| SATIPOLY | Sati Poly Plast Ltd. | Capital Goods | |
| SATTVAENGG | Sattva Engineering Construction Ltd. | Utilities | |
| SAVY | Savy Infra and Logistics Ltd. | Construction | |
| SAWALIYA | Sawaliya Food Products Ltd. | Fast Moving Consumer Goods | |
| SELLOWRAP | Sellowrap Industries Ltd. | Automobile and Auto Components | |
| SERVICE | Service Care Ltd. | Services | |
| SHANTHALA | Shanthala FMCG Products Ltd. | Services | |
| SCML | Sharp Chucks and Machines Ltd. | Capital Goods | |
| SHEEL | Sheel Biotech Ltd. | Services | |
| SHEETAL | Sheetal Universal Ltd. | Fast Moving Consumer Goods | |
| SHERA | Shera Energy Ltd. | Capital Goods | |
| SHIGAN | Shigan Quantum Technologies Ltd. | Automobile and Auto Components | |
| SPCL | Shivalic Power Control Ltd. | Capital Goods | |
| SHIVASHRIT | Shivashrit Foods Ltd. | Fast Moving Consumer Goods | |
| SHREEKARNI | Shree Karni Fabcom Ltd. | Textiles | |
| SHREEOSFM | Shree OSFM E-Mobility Ltd. | Services | |
| TIRUPATI | Shree Tirupati Balajee FIBC Ltd. | Capital Goods | |
| SHETHJI | Shreeji Global FMCG Ltd. | Fast Moving Consumer Goods | |
| SHRIAHIMSA | Shri Ahimsa Naturals Ltd. | Fast Moving Consumer Goods | |
| SHKSIL | Shri Hare-Krishna Sponge Iron Ltd. | Metals & Mining | |
| SHRIKANHA | Shri Kanha Stainless Ltd. | Capital Goods | |
| SHRITECH | Shri Techtex Ltd. | Capital Goods | |
| SHUBHLAXMI | Shubhlaxmi Jewel Art Ltd. | Consumer Durables | |
| SHUBHSHREE | Shubhshree Biofuels Energy Ltd. | Capital Goods | |
| SHYAMDHANI | Shyam Dhani Industries Ltd. | Fast Moving Consumer Goods | |
| SIDDHICOTS | Siddhi Cotspin Ltd. | Textiles | |
| SIDDHIKA | Siddhika Coatings Ltd. | Consumer Durables | |
| SIGNORIA | Signoria Creation Ltd. | Textiles | |
| SILKFLEX | Silkflex Polymers (India) Ltd. | Chemicals | |
| SILKY | Silky Overseas Ltd. | Textiles | |
| SIMCA | Simca Advertising Ltd. | Media Entertainment & Publication | |
| SLONE | Slone Infosystems Ltd. | Information Technology | |
| SMARTEN | Smarten Power Systems Ltd. | Capital Goods | |
| SNEHAA | Snehaa Organics Ltd. | Chemicals | |
| BALCO | Solve Plastic Products Ltd. | Capital Goods | |
| SONAMAC | Sona Machinery Ltd. | Capital Goods | |
| SONUINFRA | Sonu Infratech Ltd. | Construction | |
| SOTAC | Sotac Pharmaceuticals Ltd. | Healthcare | |
| SPRL | Sp Refractories Ltd. | Capital Goods | |
| SPEB | Speb Adhesives Ltd. | Chemicals | |
| SPECTSTM | Spectrum Talent Management Ltd. | Services | |
| SPUNWEB | Spunweb Nonwoven Ltd. | Textiles | |
| SPCON | Srinibas Pradhan Constructions Ltd. | Construction | |
| SSFL | Srivari Spices And Foods Ltd. | Fast Moving Consumer Goods | |
| SRIVASAVI | Srivasavi Adhesive Tapes Ltd. | Capital Goods | |
| STRIDERS | Striders Impex Ltd. | Consumer Durables | |
| STUDIOLSD | Studio LSD Ltd. | Media Entertainment & Publication | |
| SUBAHOTELS | Suba Hotels Ltd. | Consumer Services | |
| SOCL | Sundrex Oil Company Ltd. | Oil Gas & Consumable Fuels | |
| SEL | Sungarner Energies Ltd. | Capital Goods | |
| SUNLITE | Sunlite Recycling Industries Ltd. | Capital Goods | |
| SUNREST | Sunrest Lifescience Ltd. | Healthcare | |
| SUNTECH | Suntech Infra Solutions Ltd. | Construction | |
| SFML | Supreme Facility Management Ltd. | Services | |
| SUPREMEPWR | Supreme Power Equipment Ltd. | Capital Goods | |
| SURANI | Surani Steel Tubes Ltd. | Capital Goods | |
| SWARAJ | Swaraj Suiting Ltd. | Textiles | |
| SWASTIK | Swastik Pipe Ltd. | Capital Goods | |
| SYLVANPLY | Sylvan Plyboard (India) Ltd. | Consumer Durables | |
| SYNOPTICS | Synoptics Technologies Ltd. | Information Technology | |
| SYSTANGO | Systango Technologies Ltd. | Information Technology | |
| TAC | TAC Infosec Ltd. | Information Technology | |
| TBI | TBI Corn Ltd. | Fast Moving Consumer Goods | |
| TSC | TSC India Ltd. | Consumer Services | |
| TANKUP | Tankup Engineers Ltd. | Capital Goods | |
| TAPIFRUIT | Tapi Fruit Processing Ltd. | Fast Moving Consumer Goods | |
| TAURIAN | Taurian MPS Ltd. | Capital Goods | |
| TECHD | TechD Cybersecurity Ltd. | Information Technology | |
| TECHERA | TechEra Engineering (India) Ltd. | Capital Goods | |
| TGL | Teerth Gopicon Ltd. | Construction | |
| TEJASCARGO | Tejas Cargo India Ltd. | Services | |
| TCL | Thaai Casting Ltd. | Automobile and Auto Components | |
| THESL | Thinking Hats Entertainment Solutions Ltd. | Consumer Services | |
| TIMESCAN | Timescan Logistics (India) Ltd. | Services | |
| TRANSTEEL | Transteel Seating Technologies Ltd. | Consumer Durables | |
| TRANSWIND | Transwind Infra Ltd. | Construction | |
| TECHLABS | Trident Techlabs Ltd. | Information Technology | |
| TRIDHYA | Tridhya Tech Ltd. | Information Technology | |
| TROM | Trom Industries Ltd. | Capital Goods | |
| TRUST | Trust Fintech Ltd. | Information Technology | |
| TUNWAL | Tunwal E-Motors Ltd. | Automobile and Auto Components | |
| UWCSL | Ultra Wiring Connectivity System Ltd. | Automobile and Auto Components | |
| UMA | Uma Converter Ltd. | Capital Goods | |
| UNIHEALTH | Unihealth Hospitals Ltd. | Healthcare | |
| UNILEX | Unilex Colours and Chemicals Ltd. | Chemicals | |
| UHTL | United Heat Transfer Ltd. | Capital Goods | |
| USASEEDS | Upsurge Seeds of Agriculture Ltd. | Fast Moving Consumer Goods | |
| URBAN | Urban Enviro Waste Management Ltd. | Utilities | |
| USHAFIN | Usha Financial Services Ltd. | Financial Services | |
| UCL | Ushanti Colour Chem Ltd. | Chemicals | |
| UTSSAV | Utssav CZ Gold Jewels Ltd. | Consumer Durables | |
| VR | V R Infraspace Ltd. | Realty | |
| VLINFRA | V.L.Infraprojects Ltd. | Construction | |
| VSCL | VADIVARHE SPECIALITY CHEMICALS LTD. | Chemicals | |
| VILINBIO | VILIN BIO MED LTD. | Healthcare | |
| MADHAVBAUG | Vaidya Sane Ayurved Laboratories Ltd. | Healthcare | |
| VALUE360 | Value 360 Communications Ltd. | Media Entertainment & Publication | |
| DENTALKART | Vasa Denticity Ltd. | Healthcare | |
| VDEAL | Vdeal System Ltd. | Capital Goods | |
| VEEKAYEM | Veekayem Fashion and Apparels Ltd. | Textiles | |
| VELS | Vels Film International Ltd. | Media Entertainment & Publication | |
| VERITAAS | Veritaas Advertising Ltd. | Media Entertainment & Publication | |
| VERTEXPLUS | Vertexplus Technologies Ltd. | Information Technology | |
| VIAZ | Viaz Tyres Ltd. | Automobile and Auto Components | |
| VICTORYEV | Victory Electric Vehicles International Ltd. | Automobile and Auto Components | |
| VIGOR | Vigor Plast India Ltd. | Capital Goods | |
| VIJAYPD | Vijaypd Ceutical Ltd. | Consumer Services | |
| VILAS | Vilas Transcore Ltd. | Capital Goods | |
| VINSYS | Vinsys IT Services India Ltd. | Consumer Services | |
| VGINFOTECH | Virtual Galaxy Infotech Ltd. | Information Technology | |
| VISAMAN | Visaman Global Sales Ltd. | Capital Goods | |
| VISHNUINFR | Vishnusurya Projects and Infra Ltd. | Construction | |
| VISHWAS | Vishwas Agri Seeds Ltd. | Fast Moving Consumer Goods | |
| VIESL | Vision Infra Equipment Solutions Ltd. | Services | |
| VIVIDEL | Vivid Electromech Ltd. | Capital Goods | |
| VIVO | Vivo Collaboration Solutions Ltd. | Telecommunication | |
| VOLERCAR | Voler Car Ltd. | Services | |
| WALPAR | Walpar Nutritions Ltd. | Healthcare | |
| WINNY | Winny Immigration & Education Services Ltd. | Consumer Services | |
| WINSOL | Winsol Engineers Ltd. | Construction | |
| WTICAB | Wise Travel India Ltd. | Services | |
| WOL3D | Wol 3D India Ltd. | Capital Goods | |
| WOMANCART | Womancart Ltd. | Consumer Services | |
| YAAP | Yaap Digital Ltd. | Media Entertainment & Publication | |
| YASHOPTICS | Yash Optics & Lens Ltd. | Consumer Durables | |
| YCCL | Yasons Chemex Care Ltd. | Chemicals | |
| YUDIZ | Yudiz Solutions Ltd. | Information Technology | |
| ZTECH | Z-Tech (India) Ltd. | Utilities | |
| ZEAL | Zeal Global Services Ltd. | Services | |
| ZENITHDRUG | Zenith Drugs 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 SME EMERGE PE ratio?
As of 21 July 2026, the NIFTY SME EMERGE PE ratio is 22.93. That is about 60% below its 5-year median of 57.23 and about 8% below its 1-year median of 24.81.
Is the NIFTY SME EMERGE undervalued right now?
On a historical basis it screens as significantly undervalued. Its current PE of 22.93 sits below every median window: 1-year (24.81), 3-year (52.98), 5-year (57.23), 7-year (52.49) and full-history (34.24).
What is a normal PE ratio for the NIFTY SME EMERGE?
Over the past five years its median PE has been 57.23, and over the past three years 52.98. Today's 22.93 is toward the lower end of that historical range.
How many stocks are in the NIFTY SME EMERGE?
The NIFTY SME EMERGE contains 532 stocks. By number of companies, its largest sectors are Capital Goods (128 stocks), Services (64 stocks) and Consumer Durables (36 stocks).
What returns has the NIFTY SME EMERGE delivered?
As of June 2026, the NIFTY SME EMERGE total return (with dividends reinvested) is -5.10% over the past year and +40.09% 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 SME EMERGE?
Over the year to June 2026, the NIFTY SME EMERGE had an annualized volatility (standard deviation of daily returns) of 16.44%. Its beta versus the Nifty 50 is 0.85, meaning it has moved less than the broad market.
What is a typical one-year return for the NIFTY SME EMERGE?
Across every one-year holding window since 2016, the NIFTY SME EMERGE total return has a median of +43.93%, with the best window at +166.60% and the worst at -30.88%. Based on NSE Total Returns Index data; a past distribution, not a prediction.
Last updated: 21 July 2026.