List of Maharatna Companies in India 2022

Here is the List of Top Maharatna Companies which are ranked based on total sales during the Year. Maharatna Companies Should have an average annual turnover of more than Rs. 25,000 crore, during the last 3 years.

Maharatna Company Criteria

The eligibility criteria laid down by the Government for grant of Maharatna Companies status to Central Public Sector Enterprises (CPSEs) are the following:

• Having a Navratna status.
• Listed on Indian stock exchange with minimum prescribed public shareholding under SEBI regulations.
• Average annual turnover of more than Rs. 25,000 crore, during the last 3 years.
• The average annual net worth of more than Rs. 15,000 crore, during the last 3 years.
• Average annual net profit after tax of more than Rs. 5,000 crore, during the last 3 years.
• Should have a significant global presence/international operations.

How Many Maharatna Companies in India

At Present There Tataly 10 Maharatna PSU Companies that Passed Eligibility criteria laid down by the Government for grant of Maharatna Company status to Central Public Sector Enterprises.

Maharatna Companies List

List of Maharantna PSU Companies is Ordered Based on the Sales in the recent year.

1. Indian Oil Corporation Ltd

• Revenue: 509,510 Cr
• Profit: 11,175 Cr
• Market Cap:  126,197 Cr.
• ROE: 15.36 %
• Sales Growth (3Yrs): 15.14 %
• Promoter holding: 51.50 %
• Debt to equity: 0.78
• Price to book value: 1.12

Indian Oil Corporation Limited, commonly known as IndianOil is an Indian state government-owned oil and gas company headquartered in New Delhi. As The Energy of India, IndianOil accounts for nearly half of India’s petroleum products market share, with sales of about 90 million tonnes in 2018-19.

Over 32% of national refining capacity and 71% downstream sector pipelines throughput capacity are with IndianOil. What’s more, the IndianOil Group owns and operates 11 of India’s 23 refineries, with a combined refining capacity of 80.7 million metric tonnes per annum (MMTPA).

2. Bharat Petroleum Corporation Ltd

• Revenue: 294,569 Cr
• Profit: 6,562 Cr
• Market Cap:  109,059 Cr.
• ROE: 20.45 %
• Sales Growth (3Yrs): 16.66 %
• Promoter holding: 53.29 %
• Debt to equity: 1.13
• Price to book value: 2.70

Bharat Petroleum Corporation is engaged in the business of refining of crude oil and marketing of petroleum products. India’s ‘best performing’ Maharatna Public Sector Undertaking, and its journey from being an Oil and Gas Maharatna Company in India to a Fortune 500 oil refining, exploration, and marketing conglomerate.

3. Hindustan Petroleum Corporation Ltd

• Revenue: 272,225 Cr
• Profit: 5,363 Cr
• Market Cap:  44,793 Cr.
• ROE: 23.89 %
• Sales Growth (3Yrs): 15.69 %
• Promoter holding: 51.11 %
• Debt to equity: 0.94
• Price to book value: 1.48

HPCL is a Maharatna Company CPSE, and a Forbes 2000 Maharatna Company. HPCL owns & operates 2 major refineries producing a wide variety of petroleum fuels & specialties, one in Mumbai (West Coast) of 7.5 Million Metric Tonnes Per Annum (MMTPA) capacity and the other in Visakhapatnam, (East Coast) with a capacity of 8.3 MMTPA.

HPCL also owns and operates the largest Lube Refinery in the country producing Lube Base Oils of international standards, with a capacity of 428 TMT.

4. Oil & Natural Gas Corpn Ltd

• Revenue: 108,996 Cr
• Profit: 26,476 Cr
• Market Cap:  173,985 Cr.
• ROE: 13.48 %
• Sales Growth (3Yrs): 12.24 %
• Promoter holding: 62.98 %
• Debt to equity: 0.11
• Price to book value: 0.86

Maharatna Company ONGC is the largest crude oil and natural gas company in India, contributing around 75 percent to Indian domestic production. Crude oil is the raw material used by downstream companies like IOC, BPCL, and HPCL (a subsidiary of ONGC) to produce petroleum products like Petrol, Diesel, Kerosene, Naphtha, and Cooking Gas-LPG.

This largest natural gas company ranks 11th among global energy majors (Platts). It is the only public sector Indian company to feature in Fortune’s ‘Most Admired Energy Companies’ list.

5. Coal India Ltd

• Revenue: 100,415 Cr
• Profit: 18,305 Cr
• Market Cap:  128,955 Cr.
• ROE: 74.90 %
• Sales Growth (3Yrs): 11.90 %
• Promoter holding: 69.26 %
• Debt to equity: 0.08
• Price to book value: 4.87

Coal India Limited (CIL) the state-owned coal mining corporate came into being in November 1975. With a modest production of 79 Million Tonnes (MTs) at the year of its inception CIL, today is the single largest coal producer in the world and one of the largest corporate employers.

CIL is a Maharatna company – a privileged status conferred by the Government of India to select state-owned enterprises in order to empower them to expand their operations and emerge as global giants. The select club has only ten members out of more than three hundred Central Public Sector Enterprises in the country

6. NTPC Ltd

• Revenue: 92,300 Cr
• Profit: 12,601 Cr
• Market Cap:  116,162 Cr.
• ROE: 11.34 %
• Sales Growth (3Yrs): 8.43 %
• Promoter holding: 54.50 %
• Debt to equity: 1.35
• Price to book value: 1.05

NTPC is India’s largest power utility with an installed capacity of 57,356 MW (including JVs), plans to become a 130 GW company by 2032. Established in 1975, NTPC Maharatna Company aims to be the world’s largest and best power major.

7. GAIL (India) Ltd

• Revenue: 75,986 Cr
• Profit: 5,986 Cr
• Market Cap:  57,301 Cr.
• ROE: 15.30 %
• Sales Growth (3Yrs): 13.54 %
• Promoter holding: 52.19 %
• Debt to equity: 0.04
• Price to book value: 1.21

GAIL (India) Ltd was incorporated in August 1984 as a Central Public Sector Undertaking (PSU) under the Ministry of Petroleum & Natural Gas (MoP&NG).

The company was initially given the responsibility of construction, operation & maintenance of the Hazira – Vijaypur -Jagdishpur (HVJ) pipeline Project. It was one of the largest cross-country natural gas pipeline projects in the world.

8. Steel Authority of India Ltd

• Revenue: 65,880 Cr
• Profit: 1,707 Cr
• Market Cap:  15,985 Cr.
• ROE: 6.67 %
• Sales Growth (3Yrs): 20.01 %
• Promoter holding: 75.00 %
• Debt to equity: 1.18
• Price to book value: 0.42

Steel Authority of India Limited (SAIL) is the largest steel-making company in India and one of the seven Maharatna’s of the country’s Central Public Sector Enterprises.

SAIL produces iron and steel at five integrated plants and three special steel plants, located principally in the eastern and central regions of India and situated close to domestic sources of raw materials. SAIL manufactures and sells a broad range of steel products

9. Power Grid Corporation of India Ltd

• Revenue: 35,188 Cr
• Profit: 10,341 Cr
• Market Cap:  100,263 Cr.
• ROE: 22.04 %
• Sales Growth (3Yrs): 18.19 %
• Promoter holding: 55.37 %
• Debt to equity: 2.20
• Price to book value: 1.61

A “Maharatna” Central Public Sector Enterprise. It is India’s largest Electric Power Transmission Utility Company. The was Listed in NSE and BSE, since 2007. Central Transmission Utility (CTU) of India In-house expertise in transmission sector consultancy (Both Domestic and International)Telecommunications business using existing Transmission.

10. Bharat Heavy Electricals Ltd

• Revenue: 30,349 Cr
• Profit: 1,215 Cr
• Market Cap:  18,890 Cr.
• ROE: 3.76 %
• Sales Growth (3Yrs): 6.02 %
• Promoter holding: 63.17 %
• Debt to equity: 0.08
• Price to book value: 0.60

BHEL is one of the largest engineering and manufacturing companies of its kind in India engaged in the design, engineering, construction, testing, commissioning and servicing of a wide range of products and services with over 180 product offerings to meet the ever-growing needs of the core sectors of economy.