Equity Risk Premium 2026

We are pleased to issue the 8th edition of the India Equity Risk Premium study (2026), which analyses the risk premium to be considered when determining the cost of equity using the capital asset pricing model.

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India Size Premium Study 2025

Incwert Size Premium Study 2025 is a comprehensive study of past market data of the companies listed on the National Stock Exchange (NSE) of India from 1995 through December 2024 to analyse the returns that mid-cap, small-cap and micro-cap stocks have generated over the return as predicted by capital asset pricing model (CAPM)

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India Control Premium Study 2025

The 7th edition of Incwert’s India Control Premium Study, 2025 is an update to the previous year’s study. The study analyses 23+ years (March 2002 to June 2025) of premium offered in takeovers in public transactions, triggering open offer obligations on the acquirers.

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Equity Risk Premium 2025

We are pleased to issue the 7th edition of the India Equity Risk Premium study (2025), which analyses the risk premium to be considered when determining the cost of equity using the capital asset pricing model.
Based on the current market conditions, and after giving consideration to both past performance and future expectations, we recommend India ERP of 7.00% (6.5% and 7.5% being the lower and upper limit of the range, respectively) beginning in April 2025.

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