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PE Ratio of Nifty 50 Stocks (2024)

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Last Updated on Feb 19, 2024 by Harshit Singh

The Nifty PE ratio represents the valuation metric for the Nifty 50 index, composed of 50 major companies that are publicly traded on the National Stock Exchange of India. For investors PE ratio is an integral part of the analysis to understand the market value of a stock as compared to the company’s earnings. This ratio is determined by dividing the index’s price per share by its earnings per share.

A high PE ratio signifies that the stock is expensive and whereas a low PE ratio indicates that the stock is undervalued compared to earnings and its price might rise in the future. A ratio between 20-25 is considered average, and anything below is considered a good PE ratio. 

Here is a list of Nifty 50 stocks sorted according to their PE ratio.


List of Nifty 50 stocks with PE Ratio

Stock NameSub-SectorMarket Cap (Rs. in cr.)Close Price (Rs.)PE Ratio (%)
Adani Enterprises LtdCommodities Trading367,490.763,258.80148.60
Tata Motors LtdFour Wheelers343,480.63932.60142.27
Apollo Hospitals Enterprise LtdHospitals & Diagnostic Centres94,905.786,657.15115.87
Titan Company LtdPrecious Metals, Jewellery & Watches324,521.353,695.0599.85
HDFC Life Insurance Company LtdInsurance127,394.61585.2093.11
Tata Consumer Products LtdTea & Coffee109,333.031,155.0090.83
SBI Life Insurance Company LtdInsurance151,032.081,488.8587.78
Nestle India LtdFMCG – Foods239,848.562,513.2579.98
Bharti Airtel LtdTelecom Services658,308.391,142.2078.88
Asian Paints LtdPaints288,410.152,998.1070.23
Bharat Petroleum Corporation LtdOil & Gas – Refining & Marketing141,551.74652.5566.42
UltraTech Cement LtdCement285,747.269,916.2056.43
Hindustan Unilever LtdFMCG – Household Products558,086.662,387.1555.15
Divi’s Laboratories LtdLabs & Life Sciences Services98,998.543,723.4554.29
Adani Ports and Special Economic Zone LtdPorts282,297.761,307.0053.16
Britannia Industries LtdFMCG – Foods118,355.454,925.2550.98
JSW Steel LtdIron & Steel199,702.10820.2048.19
Larsen & Toubro LtdConstruction & Engineering465,552.703,339.8544.46
Maruti Suzuki India LtdFour Wheelers357,802.7111,483.3543.58
Sun Pharmaceutical Industries LtdPharmaceuticals362,287.581,530.1042.75
Cipla LtdPharmaceuticals116,316.291,470.3541.51
Bajaj Finserv LtdInsurance250,898.721,620.1539.10
Bajaj Auto LtdTwo Wheelers235,748.568,509.7038.90
LTIMindtree LtdIT Services & Consulting165,269.785,514.0537.49
Eicher Motors LtdTrucks & Buses107,568.653,902.8536.92
Bajaj Finance LtdConsumer Finance408,868.416,712.8035.53
Tata Consultancy Services LtdIT Services & Consulting1,493,655.074,103.8035.44
Hero MotoCorp LtdTwo Wheelers97,847.704,852.6034.82
Axis Bank LtdPrivate Banks329,733.601,062.9530.48
HCL Technologies LtdIT Services & Consulting451,538.501,675.2530.40
Reliance Industries LtdOil & Gas – Refining & Marketing1,976,358.582,948.0029.63
Infosys LtdIT Services & Consulting704,309.491,699.7529.23
Tech Mahindra LtdIT Services & Consulting127,180.691,310.0026.32
ITC LtdFMCG – Tobacco504,966.47409.2526.31
Wipro LtdIT Services & Consulting283,373.90543.0024.97
HDFC Bank LtdPrivate Banks1,078,525.581,417.1023.45
Dr Reddy’s Laboratories LtdPharmaceuticals105,188.996,417.1523.34
Kotak Mahindra Bank LtdPrivate Banks344,949.471,731.4023.11
Mahindra and Mahindra LtdFour Wheelers219,781.831,848.5521.38
Grasim Industries LtdCement144,771.252,168.6021.20
ICICI Bank LtdPrivate Banks718,112.061,043.7521.10
Tata Steel LtdIron & Steel176,221.91141.9520.12
NTPC LtdPower Generation327,504.90338.7519.36
Power Grid Corporation of India LtdPower Transmission & Distribution255,348.08276.3516.56
Indusind Bank LtdPrivate Banks116,232.961,483.6015.62
State Bank of IndiaPublic Banks673,540.46759.2512.10
Hindalco Industries LtdMetals – Aluminium115,343.66512.3011.42
Coal India LtdMining – Coal295,810.96461.0010.50
UPL LtdFertilizers & Agro Chemicals36,847.33490.9010.32
Oil and Natural Gas Corporation LtdOil & Gas – Exploration & Production345,580.27274.659.75

Note: The data of Nifty 50 PE ratio is from 19th February 2024, and is taken from Tickertape Stock Screener. To get the list of Nifty PE ratio today, apply the below-listed filters are applied –

  • Sector universe – Nifty 50
  • PE ratio – Sorted from highest to lowest

PE ratio of Nifty indexes

Nifty IndexMarket Cap (%)Nifty PE Ratio (%)
Nifty 50 Index45.1223.53
Nifty 500 Index89.1025.87
Nifty Realty Index1.565.91
Nifty Auto Index4.9325.07
Nifty Bank Index9.4315.85
Nifty Metal Index3.7420.42
Nifty IT Index8.7431.31
Nifty FMCG Index5.8442.84
Nifty Pharma Index3.5038.29
Nifty Energy Index10.5216.63

Note: The Nifty PE ratio of different nifty indexes are derived from Tickertape Stock Screener. The data is from 19th February 2024.

Conclusion

For investors, the PE ratio is an essential fundamental analysis tool to ascertain a stock’s valuation, growth potential, risk, and market sentiment. By considering the PE ratio, along with other analytical ideologies, investors can make informed decisions. With the help of Tickertape Stock Screener, you can identify PE of Nifty 50 and additionally apply over 200 filters to carry out your fundamental analysis. Explore today!

FAQs

Which index has the highest Nifty PE ratio? 

Nifty Realty Index has the highest Nifty PE ratio of 65.91%.

Which company has the highest PE ratio in nifty 50?

Adani Enterprises has the highest PE ratio among Nifty 50 ratio of 148.60%.
Harshit Singh
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