MarketGrader India Growth Leaders 50 Index


Five Largest Companies
Symbol Name Grade Market Cap Country
532454.IN Bharti Airtel Limited 63.8 ¤112,271 IN
500112.IN State Bank of India 67.1 ¤103,363 IN
500049.IN Bharat Electronics Limited 70.9 ¤33,998 IN
541154.IN Hindustan Aeronautics Limited 63.3 ¤28,874 IN
505200.IN Eicher Motors Limited 69.9 ¤20,372 IN

Five Smallest Companies
Symbol Name Grade Market Cap Country
532928.IN Transformers and Rectifiers (India) Limi 69.2 ¤921 IN
538666.IN Sharda Cropchem Ltd. 75.5 ¤991 IN
540073.IN BLS International Services Ltd. 76.8 ¤1,224 IN
532178.IN Engineers India Limited 77.1 ¤1,288 IN
542726.IN IndiaMART InterMESH Ltd. 72.7 ¤1,333 IN

Companies with Most Selections Among Current Components
Symbol Name Grade Times* Country
500257.IN Lupin Limited 72.8 19 IN
532321.IN Zydus Lifesciences Limited 68.0 18 IN
500182.IN Hero Motocorp Limited 68.3 17 IN
532331.IN Ajanta Pharma Limited 68.5 15 IN
505200.IN Eicher Motors Limited 69.9 14 IN
526371.IN NMDC Limited 62.2 14 IN
500049.IN Bharat Electronics Limited 70.9 13 IN
500112.IN State Bank of India 67.1 13 IN
524816.IN NATCO Pharma Limited 71.8 13 IN
542652.IN Polycab India Ltd. 74.4 10 IN
*Number of times selected at Index semi-annual reconstitutions since inception date.
Index Bio
Average Market Cap ¤11,268
Median Market Cap ¤5,368
Avg. 3 Mo. Dollar Vol. ¤2,172,682
Avg. 3 Mo. Trading Vol. 464,060
Last Rebalance Date 03/23/2026
Companies Replaced 16
Biggest Sector Increase Industrials
Biggest Sector Decrease Financials

Fundamental Attributes
Trailing P/E Ratio (12 Mo.) 26.2
Forward P/E Ratio (12 Mo.) 26.7
Price/Book Ratio 7.4
Avg. Revenue Chg. - 3 Yr 81.6%
Avg. Op. Income Chg. - 3 Yr. 139.6%
Avg. EPS Growth - 3 Yr. 29.4%
Avg. EPS Growth - 1 Yr. 29.0%
Avg. Operating Margin 23.3%
Avg. LT Debt to Total Capital 9.2%
Avg. Return on Equity 18.3%
Dividend Yield 0.7%
Index Average Grade
India Growth Leaders 50 Index 69.1
Country Breakdown
India 100.0%
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