List of All Miniratna Companies Stocks in India
Miniratna companies in India are public sector enterprises with financial autonomy to invest up to ₹500 cr. or 50% of their net worth without prior government approval, totalling 78 companies across two categories.
Listed Miniratna Companies Stocks on NSE
6 Jan, 2025
| symbol | Company | ticker | slug | Sector | Market Price | 52W High | 52W Low | Market Cap (Cr.) | PE Ratio | Industry PE | PB Ratio | Div. Yield (%) | ROE (%) | 1YReturns | 3YReturns | 5YReturns | Market Cap Label | Industry Group | Industry | Sub Industry | percentageChange |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BARA | Bharat Dynamics Ltd | BDL | /stocks/bharat-dynamics-BARA | Aerospace & Defense Equipments | 1,143.65 | 1,794.70 | 776.05 | 41,921.92 | 68.42 | 48.30 | 11.53 | 0.46 | 17.89 | 31.66 | 487.69 | 677.99 | Midcap | Capital Goods | Machinery | Aerospace & Defense | 1.61 |
| BEML | BEML Ltd | BEML | /stocks/beml-BEML | Rail | 4,142.40 | 5,488.00 | 2,671.90 | 17,250.82 | 61.21 | 48.30 | 6.47 | 0.50 | 11.08 | 33.81 | 125.13 | 332.92 | Smallcap | Capital Goods | Machinery | Construction Machinery & Heavy Transportation Equipment | -1.20 |
| CHPC | Chennai Petroleum Corporation Ltd | CHENNPETRO | /stocks/chennai-petroleum-corporation-CHPC | Oil & Gas - Refining & Marketing | 633.45 | 1,275.00 | 562.55 | 9,432.79 | 3.44 | 11.82 | 1.01 | 8.68 | 33.69 | -12.12 | 499.29 | 448.68 | Smallcap | Energy | Oil, Gas & Consumable Fuels | Oil & Gas Refining & Marketing | -0.13 |
| COCH | Cochin Shipyard Ltd | COCHINSHIP | /stocks/cochin-shipyard-COCH | Shipbuilding | 1,598.25 | 2,979.45 | 611.28 | 42,046.89 | 53.68 | 48.30 | 8.40 | 0.61 | 16.61 | 134.57 | 818.67 | 692.98 | Midcap | Capital Goods | Machinery | Construction Machinery & Heavy Transportation Equipment | 0.21 |
| GRSE | Garden Reach Shipbuilders & Engineers Ltd | GRSE | /stocks/garden-reach-shipbuilders-and-engineers-GRSE | Shipbuilding | 1,642.90 | 2,833.80 | 673.45 | 18,819.75 | 52.68 | 48.30 | 11.25 | 0.57 | 23.14 | 90.24 | 609.52 | 749.48 | Smallcap | Capital Goods | Machinery | Aerospace & Defense | -0.41 |
| HCPR | Hindustan Copper Ltd | HINDCOPPER | /stocks/hindustan-copper-HCPR | Mining - Copper | 250.23 | 415.80 | 231.00 | 24,197.84 | 81.94 | 29.57 | 10.59 | 0.37 | 13.52 | -11.67 | 85.70 | 461.05 | Smallcap | Materials | Metals & Mining | Copper | 0.20 |
| HUDC | Housing and Urban Development Corporation Ltd | HUDCO | /stocks/housing-and-urban-development-corporation-HUDC | Specialized Finance | 245.91 | 353.70 | 122.70 | 49,228.72 | 23.26 | 17.84 | 2.96 | 1.69 | 13.21 | 92.57 | 515.54 | 563.72 | Midcap | Financial Services | Diversified Financial Services | Specialized Finance | 1.52 |
| INIR | Indian Railway Catering and Tourism Corporation Ltd | IRCTC | /stocks/indian-railway-catering-and-tourism-corporation-INIR | Online Services | 796.30 | 1,138.90 | 765.10 | 63,704.00 | 57.34 | -136.91 | 19.72 | 0.82 | 38.93 | -12.10 | -5.27 | 345.11 | Midcap | Commercial & Professional Services | Interactive Media & Services | Diversified Support Services | 0.23 |
| IRCN | Ircon International Ltd | IRCON | /stocks/ircon-international-IRCN | Construction & Engineering | 216.60 | 351.60 | 172.75 | 20,371.57 | 21.92 | 48.30 | 3.45 | 1.43 | 16.70 | 17.62 | 371.90 | 425.09 | Smallcap | Capital Goods | Construction & Engineering | Construction & Engineering | -0.60 |
| ITDC | India Tourism Development Corp Ltd | ITDC | /stocks/india-tourism-development-corp-ITDC | Tour & Travel Services | 715.70 | 930.80 | 450.05 | 6,138.52 | 87.27 | 40.02 | 16.23 | 0.35 | 19.92 | 53.45 | 81.19 | 137.34 | Smallcap | Consumer Services | Hotels, Restaurants & Leisure | Hotels, Resorts & Cruise Lines | 13.83 |
| MAZ | Mazagon Dock Shipbuilders Ltd | MAZDOCK | /stocks/mazagon-dock-shipbuilders-MAZ | Shipbuilding | 2,236.90 | 2,930.00 | 897.70 | 90,232.07 | 46.58 | 48.30 | 14.45 | 0.61 | 35.21 | 97.84 | 1,501.22 | 2,501.80 | Midcap | Capital Goods | Machinery | Aerospace & Defense | -0.75 |
| MISR | Mishra Dhatu Nigam Ltd | MIDHANI | /stocks/mishra-dhatu-nigam-MISR | Metals - Diversified | 349.35 | 547.50 | 304.80 | 6,544.72 | 71.31 | 29.57 | 4.96 | 0.40 | 7.05 | -14.70 | 92.06 | 128.56 | Smallcap | Materials | Metals & Mining | Steel | 0.76 |
| MMTC | MMTC Ltd | MMTC | /stocks/mmtc-MMTC | Commodities Trading | 74.50 | 131.80 | 59.35 | 11,175.00 | 58.15 | 48.30 | 6.87 | 0.00 | 12.65 | 16.95 | 65.01 | 296.28 | Smallcap | Capital Goods | Trading Companies & Distributors | Trading Companies & Distributors | 0.68 |
| MOIL | Moil Ltd | MOIL | /stocks/moil-MOIL | Mining - Manganese | 349.15 | 588.00 | 259.50 | 7,104.69 | 24.22 | 29.57 | 2.90 | 1.73 | 12.49 | 11.91 | 106.54 | 131.23 | Smallcap | Materials | Metals & Mining | Steel | 3.22 |
| MSTC | MSTC Ltd | MSTCLTD | /stocks/mstc-MSTC | Commodities Trading | 686.95 | 1,165.00 | 557.75 | 4,836.13 | 23.66 | 48.30 | 5.44 | 2.26 | 24.39 | 9.20 | 93.53 | 416.70 | Smallcap | Capital Goods | Trading Companies & Distributors | Trading Companies & Distributors | -0.97 |
| NAFT | National Fertilizers Ltd | NFL | /stocks/national-fertilizers-NAFT | Fertilizers & Agro Chemicals | 120.55 | 169.95 | 82.70 | 5,913.92 | 39.41 | 29.57 | 2.32 | 0.22 | 5.89 | 20.55 | 112.61 | 349.81 | Smallcap | Materials | Chemicals | Fertilizers & Agricultural Chemicals | 0.13 |
| NHPC | NHPC Ltd | NHPC | /stocks/nhpc-NHPC | Renewable Energy | 83.09 | 118.40 | 67.00 | 83,464.19 | 23.03 | 22.20 | 1.90 | 2.29 | 8.46 | 15.48 | 163.78 | 246.93 | Midcap | Utilities | Independent Power and Renewable Electricity Producers | Renewable Electricity | 0.75 |
| RAIL | Railtel Corporation of India Ltd | RAILTEL | /stocks/railtel-corporation-of-india-RAIL | Communication & Networking | 422.55 | 617.80 | 301.40 | 13,561.25 | 55.08 | 36.05 | 7.42 | 0.67 | 14.17 | 21.72 | 253.75 | 248.21 | Smallcap | Telecommunication Services | Communications Equipment | Alternative Carriers | 0.07 |
| RAIV | Rail Vikas Nigam Ltd | RVNL | /stocks/rail-vikas-nigam-RAIV | Specialized Finance | 432.10 | 647.00 | 181.30 | 90,093.72 | 57.23 | 17.84 | 10.30 | 0.49 | 19.69 | 134.01 | 1,139.89 | 1,711.74 | Midcap | Capital Goods | Diversified Financial Services | Construction & Engineering | 0.59 |
| RITS | RITES Ltd | RITES | /stocks/rites-RITS | Business Support Services | 295.20 | 412.98 | 249.75 | 14,187.42 | 31.15 | 48.30 | 5.21 | 3.05 | 16.74 | 15.37 | 118.71 | 97.16 | Smallcap | Commercial & Professional Services | Commercial Services & Supplies | Research & Consulting Services | 0.79 |
| SJVN | SJVN Ltd | SJVN | /stocks/sjvn-SJVN | Renewable Energy | 109.09 | 170.50 | 88.85 | 42,870.14 | 47.04 | 22.20 | 3.05 | 1.65 | 6.53 | 15.13 | 264.24 | 321.20 | Midcap | Utilities | Independent Power and Renewable Electricity Producers | Electric Utilities | -0.24 |
About Miniratna Companies Stocks in India
Miniratna companies, a subset of India’s Public Sector Undertakings (PSUs), hold a unique position in the stock market. For investors, keeping an eye on Miniratna share prices and the overall performance of these Miniratna companies stocks can unlock significant investment opportunities.
What are Miniratna Companies?
Miniratna companies are government-owned enterprises in India that have demonstrated consistent profitability and financial stability. The Indian government classifies PSUs into three categories based on their financial performance and autonomy: Maharatna, Navratna, and Miniratna. Miniratna companies are further divided into two categories: Category I and Category II, each with specific eligibility criteria and operational privileges.
How Are Miniratna Companies Categorised?
The classification of Miniratna companies is based on their financial performance and net worth:
- Miniratna Category I: Companies that have made a profit for the last three consecutive years and have a pre-tax profit of ₹30 cr. or more in at least one of the three years. These companies enjoy greater financial autonomy, allowing them to make capital expenditure decisions up to ₹500 cr. or an amount equal to their net worth, whichever is lower.
- Miniratna Category II: Companies that have made a profit for the last three consecutive years and have a positive net worth. They can make capital expenditure decisions up to ₹300 cr. or up to 50% of their net worth, whichever is lower.
Eligibility Criteria to Become a Miniratna Company
To attain Miniratna status, a PSU must meet the following criteria:
- Profitability: The company should have been profitable for the last three consecutive years.
- Net Worth: It must have a positive net worth.
- Pre-Tax Profit: For Category I, a pre-tax profit of ₹30 cr. or more in at least one of the three years is required.
- Autonomy: The company should not depend on budgetary support or government guarantees.
Advantages of Miniratna Companies in India
Investing in Miniratna companies offers several benefits:
- Operational Autonomy: These companies have the freedom to make investment decisions within specified limits without seeking government approval, enabling quicker decision-making and responsiveness to market changes.
- Financial Stability: Their consistent profitability and positive net worth indicate financial health, making them reliable investment options.
- Government Backing: Being government-owned provides a level of security and trust among investors.
Risks of Investing in Miniratna Companies in India
- Regulatory Constraints: Government policies can influence their operations, potentially limiting flexibility compared to private enterprises.
- Market Competition: They may face stiff competition from private sector companies, which could impact profitability.
- Sector-Specific Risks: Performance can be affected by sector-specific challenges, such as fluctuations in demand or changes in industry regulations.
Factors to Consider When Investing in Miniratna Companies
- Financial Performance: Analyse the company’s financial statements, focusing on profitability, debt levels, and cash flow.
- Management Efficiency: Evaluate the competence and track record of the management team.
- Market Position: Assess the company’s position within its industry and its competitive advantages.
- Regulatory Environment: Understand the regulatory framework governing the sector in which the company operates.
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FAQs About Miniratna Companies
How many Category I Miniratna Companies are there in India?
As of 21st November 2024, there are 57 Miniratna Category I companies in India.
What are the criteria for Miniratna Category I?
A company must have made a profit for the last three consecutive years and have a pre-tax profit of ₹30 cr. or more in at least one of those years.
How many Miniratna Companies are there in India?
There are a total of 68 Miniratna companies in India, comprising 57 in Category I and 11 in Category II.
How often Is the list of Miniratna Companies updated?
The Department of Public Enterprises periodically reviews and updates the list based on the financial performance of the companies.
Who should invest in Miniratna Stocks?
Investors seeking exposure to government-backed companies with consistent profitability and operational autonomy may consider investing in Miniratna stocks.
What kind of projects can Miniratna Companies undertake independently?
Miniratna companies can undertake projects involving capital expenditure up to their specified limits (₹500 cr. for Category I and ₹300 cr. for Category II) without seeking government approval.
