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indicesnifty alpha 50
fundamentals

Nifty Alpha 50

Factsheet
Nifty Alpha 50 Index aims to measure the performance of securities listed on NSE with high alphas. It is a well-diversified 50 stock index. In order to make the 50 stock index investible and replicable, criteria's such as liquidity and market capitalization are applied while selection of securities. Weights of securities in the index are assigned based on the alpha values i.e. security with highest alpha in the index gets highest weight. Nifty Alpha 50 Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
53,620.20-215.1 (-0.40%) D
Value
Quality

Value

We look at aggregate consolidated P/E, P/B and Dividend Yield of the index as reported by NSE. Note that P/E values before 31st March 2021 are based on our own calculations
Current
5.19
Average (3Y)
5.21
Average (5Y)
6.17
P/B ratio is shown as reported by NSE.

Quality

We look at aggregate quality measures of the index like ROE, ROCE and margins. Numerator and denominator are separately calculated as weighted averages.
Latest as on 30 Sep 2025
11.13

Frequently Asked Questions

What is the current P/E ratio of Nifty Alpha 50?
The current P/E ratio of Nifty Alpha 50 is 24.85. Historical P/E trend charts are available in the Value section of the Fundamentals tab.
Is Nifty Alpha 50 overvalued or undervalued based on current P/E?
Valuation context for Nifty Alpha 50 — comparing current P/E and P/B to their historical averages — is available in the Value section of the Fundamentals tab.
What is the P/B ratio of Nifty Alpha 50?
The current P/B (Price-to-Book) ratio of Nifty Alpha 50 is 5.19 Historical P/B trend charts are in the Value section of the Fundamentals tab.
What is the dividend yield of Nifty Alpha 50?
The aggregate dividend yield of Nifty Alpha 50 is 0.76%. Dividend yield tends to be inversely related to market valuations — a lower yield often coincides with higher price multiples. Historical dividend yield data is in the Value section of the Fundamentals tab.
What is the 10-year average P/E of Nifty Alpha 50?
The 10-year average P/E of Nifty Alpha 50 is shown in the Value section of the Fundamentals tab as a reference line on the historical P/E chart.
What is the ROE of Nifty Alpha 50's constituent stocks?
The aggregate Return on Equity (ROE) of Nifty Alpha 50 constituents is 17.81%. ROE measures how efficiently constituent companies generate profit from shareholder equity. An ROE above 15% reflects strong capital efficiency in the index portfolio. Historical ROE trends are in the Quality section of the Fundamentals tab.
What is the ROCE of Nifty Alpha 50's constituent stocks?
The aggregate Return on Capital Employed (ROCE) of Nifty Alpha 50 constituents is 11.13%, alongside a ROE of 17.81%. ROCE measures profitability relative to total capital (debt + equity) and is a better indicator of capital efficiency for debt-heavy sectors. Historical ROCE data is in the Quality section of the Fundamentals tab.
What is the net profit margin of Nifty Alpha 50's constituents?
The net profit margin and operating margin of Nifty Alpha 50's constituents are shown in the Quality section of the Fundamentals tab.
What are the quality metrics of Nifty Alpha 50?
Key quality metrics of Nifty Alpha 50 constituents — ROCE: 11.13%, ROE: 17.81%, PAT margin: 11.63%, Operating margin: 17.47% — reflect the aggregate profitability and efficiency of the index portfolio. ROE of 17.81% indicates how well constituent companies utilise shareholder equity. The full quality breakdown with historical trends is in the Quality section of the Fundamentals tab.
What is the financial health of Nifty Alpha 50's constituents?
The financial health of Nifty Alpha 50's constituent companies — including debt ratios and interest coverage — is shown in the Financial Health section of the Fundamentals tab.