PE Ratio of Nifty 50 Stocks (2024)

Last Updated on May 23, 2024 by Aishika Banerjee

The Nifty PE ratio represents the valuation metric for the Nifty 50 index, comprising 50 major companies publicly traded on India’s National Stock Exchange. 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, whereas a low PE ratio indicates that the stock is undervalued compared to earnings and might rise in price. A ratio between 20 and 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

Note: The data of Nifty 50 PE ratio is from 1st May 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

🚀 Pro Tip: You can use Tickertape’s Stock Screener to research and evaluate stocks with over 200+ filters and parameters.

Confused about which Nifty stocks to pick? You can consider these smallcases as an alternative

Let’s learn about what is a smallcase first. 

smallcases are modern investment products that help investors easily build a low-cost, long-term and diversified portfolio. A smallcase is a basket of stocks/ETFs that collectively represent a theme, idea or strategy. Investors looking to align their investments sector-wise can consider smallcases. Every smallcase is created and managed by SEBI-registered managers.

Investors interred in Nifty stocks can consider the Smart Index Advantage smallcase, managed by Green Portfolio. This smallcase invests in the top 10-12 Nifty stocks. 

Smart Index Advantage smallcase by Green Portfolio

Investors can also consider the NIFTY PROBABLES smallcase managed by PVR Advisory. This smallcase is collection of stocks has the potential to enter into Nifty 50 index in the next 5-10 years. 

NIFTY PROBABLES smallcase by PVR Advisory

• Disclosures for the Smart Index Advantage smallcase. 
• Disclosures for the NIFTY PROBABLES smallcase. 

Note: These smallcases are mentioned only for educational purposes and are not meant to be recommendatory. Investors must conduct their own research and consult a financial expert before making any investment decisions.

Top Nifty 50 Stocks Based on 1Y Return

Note: The data of Nifty 50 PE ratio is from 1st May 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
• 1Y Returns – Sorted from highest to lowest

Overview of Top Nifty 50 Stocks 

NTPC Ltd

NTPC Limited generates electricity and sells bulk power to state power utilities. Over the past five years, the company’s revenue growth has been 13.79%, higher than the industry average of 12.11%. Furthermore, the company’s market share has also increased from 63.03% to 65.96%. A glance at the Tickertape screener shows a high score of 7.4/10 in profitability. The largecap company has a market cap of ₹3,60,715 cr. The company’s current ratio has been 77.98% over the last 5 years. This is higher than the industry average of 70.54%. 

Mahindra and Mahindra Ltd

Mahindra and Mahindra Limited manufactures passenger cars, commercial vehicles, and tractors. Over the last five years, the company’s revenue has grown at a yearly rate of 5.65%, more than the industry average of 4.57%. Furthermore, the company’s market share has increased from 20.03 to 20.82. The company’s net income has also grown at a yearly rate of 6.48%, much higher than the industry average of -3.06%. Additionally, the Tickertape Screener depicts a positive score of 6.8/10 in profitability. 

Adani Ports and Special Economic Zone Ltd

Adani Ports and Special Economic Zone Limited is a port infrastructure company engaged in developing, operating, and maintaining the Port and related port-based infrastructure facilities. The company’s Tickertape Scorecard predicts expected earnings growth of 35.92% for next year, more than the last 3-yr CAGR earnings growth of 15.17%. The stock has also received a high score of 8.7/10 in profitability. Additionally, the company has increased or maintained dividend levels over the last 5 years. 

Coal India Ltd

Coal India Limited (CIL) is a holding company that produces and sells coal. It serves the power and steel sectors, cement, fertiliser, brick, and kiln industries. The Tickertape Scorecard for this stock depicts good signs of profitability, with high scores of 10/10 in terms of Return on Equity, 8.6/10 in terms of profit and 8/10 in terms of cash flow. 

Bajaj Auto Ltd

Bajaj Auto Limited manufactures motorcycles, three-wheelers, and parts. Its business segments include Automotive, Investments, and Others. Over the last five years, the company’s revenue has grown yearly at 7.44%, higher than the industry average of 6.71%. The company’s market share has increased from 34.98% to 36.19% over the past 5 years. On the Tickertape Scorecard, the company has acquired a score of 8.1/10 in terms of profit, showing good signs of profitability and efficiency. 

Hero MotoCorp Ltd

Hero MotoCorp Limited is a two-wheeler manufacturer. The Company manufactures and sells motorised two-wheelers with engine capacities up to 350 cubic centimetres (cc), spare parts, and related services. The Tockertape Screener shows a higher revenue growth forecast for this stock, with an expected revenue growth of 8.83% for the next year, more than the last 3-yr CAGR revenue growth of 7.03%. The stock also has a high score of 7.7/10 in terms of profit on the Scorecard. 

Tata Motors Ltd

Tata Motors Limited manufactures motor vehicles. The Tickertape Stock Screener depicts a positive profit score of 7.5/10 and a cash flow score of 7.2/10. This largecap auto stock has a market cap of ₹3,48,838 cr, and it is ranked 20. 

Shriram Finance Ltd

Shriram Transport Finance Company Limited is an asset-financing, non-banking finance company. It primarily finances commercial vehicles and provides loans for equipment and other business purposes. Over the last 5 years, the company’s revenue has grown yearly at 17.49%, higher than the industry average of 14.25%. Additionally, the company’s market share has increased from 13.51% to 16.74%. 

Power Grid Corporation of India Ltd

Power Grid Corporation of India Limited is a power transmission company responsible for planning, implementing, operating, and maintaining the Inter-State Transmission System. The Tickertape Scorecard shows high scores of 9.1/10 in profit and 10/10 in cash flow. This is an overall sign of good profitability and efficiency. 

Bharat Petroleum Corporation Ltd

Bharat Petroleum Corporation Limited offers motor spirit (MS), high-speed diesel (HSD), and liquefied petroleum gas (LPG). The Company also refines crude oil and markets petroleum products. The Tickertape Screener reflects high scores of 10/10 in terms of price-to-earnings, 7.5/10 in profit. 

PE ratio of Nifty indexes

Note: The Nifty PE ratio of different Nifty indexes are derived from Tickertape Stock Screener. The data is from 1st May 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. Investors can make informed decisions by considering the PE ratio and other analytical ideologies. With the help of Tickertape Stock Screener, you can identify PE of Nifty 50 and apply over 200 filters to carry out your fundamental analysis. Explore today!

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Harshit Singh

Content Strategist at Tickertape

Hey there, I’m Harshit Singh Mahey! With eight years of experience as a Content Strategist, I’ve had the pleasure of working with a Fortune 100 company and building three successful startups from the ground up.

As an investment fanatic, I’ve dabbled in early-stage startups, mutual funds, gold, stocks, smallcases, and real estate to identify which assets generate the highest ROI. At Tickertape, I’m dedicated to presenting my learning and providing insightful suggestions to help my readers make sound investment decision.

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