List of All Maharatna Companies in India
Maharatna companies in India are state-owned enterprises recognized for their exceptional performance, financial autonomy, and strategic importance.
Maharatna Stocks
12 Dec, 2024
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BHEL | Bharat Heavy Electricals Ltd | BHEL | /stocks/bharat-heavy-electricals-BHEL | Heavy Electrical Equipments | 253.70 | 335.35 | 165.80 | 86,564.10 | 306.73 | 51.33 | 3.54 | 0.10 | 1.16 | 41.22 | 296.72 | 473.98 | Midcap | Capital Goods | Electrical Equipment | Heavy Electrical Equipment | -3.63 |
| BPCL | Bharat Petroleum Corporation Ltd | BPCL | /stocks/bharat-petroleum-corporation-BPCL | Oil & Gas - Refining & Marketing | 307.45 | 376.00 | 216.23 | 131,673.64 | 4.90 | 12.05 | 1.74 | 6.81 | 41.59 | 32.09 | 56.72 | 27.40 | Largecap | Energy | Oil, Gas & Consumable Fuels | Oil & Gas Refining & Marketing | -1.72 |
| COAL | Coal India Ltd | COALINDIA | /stocks/coal-india-COAL | Mining - Coal | 416.95 | 543.55 | 342.30 | 255,167.77 | 6.82 | 31.17 | 3.05 | 6.16 | 51.52 | 17.90 | 179.83 | 122.79 | Largecap | Energy | Metals & Mining | Coal & Consumable Fuels | -1.88 |
| GAIL | Gail (India) Ltd | GAIL | /stocks/gail-india-GAIL | Gas Distribution | 205.82 | 246.30 | 134.85 | 136,459.62 | 13.78 | 23.30 | 1.77 | 2.65 | 13.91 | 45.92 | 131.52 | 163.20 | Largecap | Utilities | Gas Utilities | Gas Utilities | -0.29 |
| HIAE | Hindustan Aeronautics Ltd | HAL | /stocks/hindustan-aeronautics-HIAE | Aerospace & Defense Equipments | 4,649.70 | 5,674.75 | 2,585.00 | 309,489.01 | 40.61 | 51.33 | 10.62 | 0.76 | 28.91 | 66.55 | 609.07 | 1,123.20 | Largecap | Capital Goods | Machinery | Aerospace & Defense | 0.23 |
| HPCL | Hindustan Petroleum Corp Ltd | HINDPETRO | /stocks/hindustan-petroleum-corp-HPCL | Oil & Gas - Refining & Marketing | 410.10 | 457.15 | 237.33 | 86,155.53 | 5.38 | 12.05 | 1.84 | 5.19 | 40.45 | 70.47 | 105.32 | 134.21 | Midcap | Energy | Oil, Gas & Consumable Fuels | Oil & Gas Refining & Marketing | 0.39 |
| IOC | Indian Oil Corporation Ltd | IOC | /stocks/indian-oil-corporation-IOC | Oil & Gas - Refining & Marketing | 143.19 | 196.80 | 116.60 | 202,696.26 | 4.86 | 12.05 | 1.08 | 8.15 | 25.19 | 21.86 | 81.60 | 71.08 | Largecap | Energy | Oil, Gas & Consumable Fuels | Oil & Gas Refining & Marketing | -1.19 |
| NTPC | NTPC Ltd | NTPC | /stocks/ntpc-NTPC | Power Generation | 365.50 | 448.45 | 280.85 | 357,952.43 | 17.20 | 23.30 | 2.17 | 2.10 | 13.17 | 27.22 | 190.54 | 223.45 | Largecap | Utilities | Independent Power and Renewable Electricity Producers | Independent Power Producers & Energy Traders | -2.71 |
| OILI | Oil India Ltd | OIL | /stocks/oil-india-OILI | Oil & Gas - Exploration & Production | 469.55 | 767.90 | 205.80 | 76,336.70 | 12.05 | 12.05 | 1.45 | 2.06 | 13.41 | 120.96 | 245.34 | 357.80 | Midcap | Energy | Oil, Gas & Consumable Fuels | Oil & Gas Exploration & Production | -0.71 |
| ONGC | Oil and Natural Gas Corporation Ltd | ONGC | /stocks/oil-and-natural-gas-corporation-ONGC | Oil & Gas - Exploration & Production | 256.60 | 345.00 | 192.05 | 323,187.37 | 6.57 | 12.05 | 0.89 | 4.77 | 14.73 | 29.73 | 75.81 | 100.47 | Largecap | Energy | Oil, Gas & Consumable Fuels | Integrated Oil & Gas | -0.99 |
| PGRD | Power Grid Corporation of India Ltd | POWERGRID | /stocks/power-grid-corporation-of-india-PGRD | Power Transmission & Distribution | 327.55 | 366.25 | 222.70 | 304,966.80 | 19.58 | 23.30 | 3.50 | 3.43 | 18.30 | 41.83 | 113.67 | 220.42 | Largecap | Utilities | Electric Utilities | Electric Utilities | 0.50 |
| PWFC | Power Finance Corporation Ltd | PFC | /stocks/power-finance-corporation-PWFC | Specialized Finance | 513.00 | 580.00 | 351.70 | 170,664.76 | 8.64 | 18.53 | 1.27 | 2.61 | 16.05 | 31.69 | 420.28 | 461.58 | Largecap | Financial Services | Diversified Financial Services | Specialized Finance | -1.02 |
| RECM | REC Limited | RECLTD | /stocks/rec-RECM | Specialized Finance | 569.75 | 654.00 | 389.20 | 150,133.27 | 10.61 | 18.53 | 2.16 | 2.81 | 22.19 | 39.52 | 454.77 | 468.61 | Largecap | Financial Services | Diversified Financial Services | Specialized Finance | -1.79 |
| SAIL | Steel Authority of India Ltd | SAIL | /stocks/steel-authority-of-india-SAIL | Iron & Steel | 126.95 | 175.35 | 97.75 | 52,379.19 | 17.08 | 31.17 | 0.92 | 1.58 | 5.48 | 25.94 | 12.35 | 232.33 | Midcap | Materials | Metals & Mining | Steel | 1.82 |
About Maharatna Companies in India
Maharatna companies are essential to India’s economic framework, representing the highest status among Public Sector Undertakings (PSUs). These elite enterprises, listed under the list of maharatna companies in India, are granted extensive autonomy and financial authority, allowing them to operate with significant independence and efficiency.
What Is Maharatna Company?
A Maharatna company is a Central Public Sector Enterprise (CPSE) in India that has been accorded the highest status among public enterprises. The term “Maharatna” implies a “great jewel,” reflecting the stature and significance of these companies. Their status allows them to operate more independently, making decisions that boost their competitiveness, including investments that affect maharatna share prices in the stock market.
Features of Maharatna Companies in India
- Investment Authority: They can invest up to 15% of their net worth in a single project without government approval, up to a cap of ₹5,000 crore. Such investments are pivotal, influencing maharatna companies’ share prices.
- Board Autonomy: Their Boards can independently manage mergers, acquisitions, and other strategic decisions, both domestically and internationally.
- Financial Independence: They can raise funds from domestic and international sources without government consent, ensuring they remain competitive with maharatna stocks being closely monitored by investors.
- Operational Flexibility: These companies can restructure operations to boost profitability and efficiency.
Eligibility Criteria to Qualify as a Maharatna Company
To qualify as a Maharatna company, a CPSE must meet strict criteria:
- Navratna Status: The company should already hold Navratna company status.
- Stock Exchange Listing: It must be listed on an Indian stock exchange, adhering to SEBI’s minimum public shareholding norms.
- Financial Metrics:
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- Turnover: An average annual turnover exceeding ₹25,000 crore for three consecutive years.
- Net Worth: An average annual net worth of more than ₹15,000 crore during the last three years.
- Net Profit: An average annual net profit after tax above ₹5,000 crore over three years.
- Global Presence: The company should demonstrate international operations and market impact, which can position it as a new Maharatna company contender.
Role of Maharatna Companies in the Indian Economy
Maharatna companies significantly contribute to the Indian economy:
- Infrastructure Development: These PSUs play a critical role in building national infrastructure, such as energy, transport, and telecommunications.
- Employment: They generate substantial employment, directly and indirectly, impacting thousands of families.
- Revenue: Maharatna companies provide a significant revenue stream to the government through taxes, dividends, and profits.
- Global Competition: The autonomy granted to Maharatna PSUs helps them adopt international best practices, promoting their presence on a global scale, which, in turn, affects Maharatna stocks.
Factors to Consider Before Investing in Maharatna Companies
- Understanding What is a Maharatna Company: A Maharatna company is a Public Sector Undertaking (PSU) recognised for its significant financial and operational achievements, providing them with greater autonomy for expansion and investment. Knowing this helps investors understand their potential stability and growth.
- Comprehensive Research on the Maharatna Companies List: Review the list of Maharatna companies in India to identify key players in different sectors such as energy, steel, and oil. Diversifying your investment by selecting companies from this list can mitigate sector-specific risks.
- Stock Performance and Share Price Trends: Analyse the Maharatna share price and historical performance of Maharatna stocks. Reviewing Maharatna companies share prices over time helps gauge their market behaviour and predict future performance.
- Financial Health and Earnings: Examine financial statements and profitability indicators. Maharatna PSUs typically have strong balance sheets, but assessing their recent earnings reports is crucial for understanding their current market position.
- Recent Developments and New Entrants: Stay updated on any latest Maharatna company or new Maharatna company additions. Companies recently achieving this status may have fresh growth opportunities and government backing, making them potential high-return investments.
- Sector Impact and Diversification: Maharatna companies often operate in key sectors like energy and infrastructure, which are subject to government policies and economic shifts. Investing in a diverse range of Maharatna PSUs can provide a balanced exposure to different industries.
- Dividends and Returns: Evaluate the dividend history of the companies in the Maharatna companies list. PSUs typically offer stable dividend payouts, making them attractive to investors seeking steady income.
- Government Policies and Influence: Being state-controlled, Maharatna PSUs are often influenced by government policies. Understanding how these policies affect their operation can help predict future performance and potential risks.
- Economic and Market Trends: Assess the broader market and economic trends affecting Maharatna stocks. Economic growth often boosts sectors like power and infrastructure, enhancing the performance of these companies.
By considering these factors, you can make a well-informed decision when investing in Maharatna companies and diversify your portfolio with stable, government-backed stocks.
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Frequently Asked Questions on Maharatna Companies in India
What are Maharatna companies in India?
Maharatna companies in India are Central Public Sector Enterprises (CPSEs) that have been granted greater operational and financial autonomy by the government. This status allows them to make significant investment decisions and undertake strategic initiatives without requiring prior government approval.
How many Maharatna Companies are there in India?
There are 14 Maharatna companies in India, with Hindustan Aeronautics Limited (HAL) being the latest Maharatna company to join this prestigious list.
What are Miniratna Category-II CPSEs?
Miniratna Category-II CPSEs are public sector enterprises that have maintained profitability for three consecutive years with a positive net worth. Although they do not have the extensive financial freedom of Maharatna companies, their stability contributes significantly to India’s economic growth.
What are Miniratna Category-I CPSEs?
Miniratna Category-I CPSEs have shown consistent profits for the past three years or have achieved a net profit of at least ₹30 crore in one of those years. These enterprises enjoy greater autonomy than Category-II CPSEs but fall short of the decision-making and investment power of Maharatna PSUs.
What are Navratna Companies?
Navratna companies are a step below Maharatna companies in terms of financial and operational autonomy. They must meet strict performance metrics to gain this status and are crucial contributors to sectors such as energy and infrastructure. Their performance often impacts Maharatna companies’ share prices, with investors closely watching these entities as potential candidates for the new Maharatna company designation.
What is the eligibility criteria for Maharatna status?
To qualify for Maharatna status, a company must meet specific criteria, including having an average annual net profit of over ₹2,500 crore for three consecutive years, an average annual net worth of ₹10,000 crore for three years, or an average annual turnover of ₹20,000 crore for three years.
