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List of Navratna Companies in India 2022

This is the List of Navratna Companies in India Which is laid down by the Government for grant of Navratna status. Now Presently, there are 7 Maharatna, 16 Navratna, and 71 Miniratna CPSEs.

Navratna Companies Criteria

The Miniratna Category – I and Schedule ‘A’ CPSEs, which have obtained ‘excellent’ or ‘very good’ rating under the Memorandum of Understanding system in three of the last five years, and have a composite score of 60 or above in the six selected performance parameters, namely,

 (i) net profit to net worth,

(ii) manpower cost to total cost of production/services,

(iii) profit before depreciation, interest, and taxes to capital employed,

(iv) profit before interest and taxes to turnover,

(v) earning per share and

 (vi) inter-sectoral performance.

How Many Navratna Companies in India

In India, There are Totally Sixteen (16) Navratna Companies in India which is laid down by the Government for grant of Navratna status.

List of Navratna Companies in India

Here is the list of Navratna companies in India which has passed the Eligibility Criteria set by the Government. These Companies are arranged based on total sales in the recent year

1. Bharat Electronics Limited

Founded in 1954, BEL was set up in association with CSF, France (now, Thales), to manufacture basic communication equipment, BEL now produces a wide range of state-of-the-art equipment in fields such as Defence Communication, Radars, Naval Systems, C4I Systems, Weapon Systems, Homeland Security, Telecom & Broadcast Systems, Electronic Warfare, Tank Electronics, Electro-Optics, Professional Electronic Components and Solar Photovoltaic Systems, BEL also provides turnkey system solutions.

Civilian products from BEL include Electronic Voting Machines, Tablet PC, solar-powered traffic signal systems and Access Control Systems. This company is one of the navratna companies in India.

  • Revenue: Rs 11,395 Cr
  • Profit: 1,671 Cr
  • Market Cap:  25,109 Cr.
  • ROE: 21.90 %
  • Sales Growth (3Yrs): 18.27 %
  • Promoter holding55.93 %
  • Debt to equity: 0.00
  • Price to book value: 2.71

Starting from a single Unit in Jalahalli, Bangalore, BEL has established its presence across the country by setting up eight other Units – in Ghaziabad, Pune, Machilipatnam, Panchkula, Kotdwara, Navi Mumbai, Chennai, and Hyderabad. Each Unit has a specific product mix and customer focus. BEL has also set up a wide network of offices and service centres countrywide as well as two overseas offices – in New York and Singapore.

2. Container Corporation of India Limited

Container Corporation of India Ltd. (CONCOR), was incorporated in March 1988 under the Companies Act and commenced operation from November 1989 taking over the existing network of 7 ICDs from the Indian Railways. It is one of the Largest Logistics Companies in India

  • Total Sales: Rs 6,932 Cr
  • Profit: 550 Cr
  • Market Cap:  35,272 Cr.
  • ROE: 12.51 %
  • Sales Growth (3Yrs): 3.48 %
  • Promoter holding: 54.80 %
  • Debt to equity: 0.01
  • Price to book value: 3.67

A market leader having the largest network of 84 ICDs/CFSs in India (75 terminals and 9 strategic tie-ups). In addition to providing inland transport by rail for containers, it has also expanded to cover management of Ports, air cargo complexes and establishing cold-chain. It is also one of the navratna companies in India.

It has and will continue to play the role of promoting containerization in India by virtue of its modern rail wagon fleet, customer-friendly commercial practices and extensively used Information Technology.

The company developed multimodal logistics support for India’s International and Domestic containerization and trade. Though rail is the mainstay of our transportation plan, road services and also provided to cater to the need for door-to-door services, whether in the International or Domestic business.

Also Read  Nifty CPSE Index | Stocks List Weightage | ETF

3. Engineers India Limited

Engineers India Ltd (EIL) is a leading global engineering consultancy and EPC company. Established in 1965, EIL provides engineering consultancy and EPC services principally focused on the oil & gas and petrochemical industries.

  • Total Sales: Rs 2,676 Cr
  • Profit: 376 Cr
  • Market Cap:  6,682 Cr.
  • ROE: 15.76 %
  • Sales Growth (3Yrs): 17.13 %
  • Promoter holding: 52.00 %
  • Debt to equity: 0.00
  • Price to book value: 2.70

The Company has also diversified into sectors like infrastructure, water and waste management, solar & nuclear power, and fertilizers to leverage its strong technical competencies and track record. It is one of the navratna companies in India which has passed eligibility criteria.

4. Hindustan Aeronautics Limited

The history and growth of the Hindustan Aeronautics Limited is synonymous with the growth of Aeronautical industry in India for more than 77 years. Hindustan Aeronautics is among the list of navratna companies in India.

The Company which had its origin as the Hindustan Aircraft Limited was incorporated on 23 Dec 1940 at Bangalore by Shri Walchand Hirachand a farsighted visionary in association with the Government of Mysore with an Authorised Capital of Rs.4 crores (Paid up capital Rs.40 lakhs) and with the aim of manufacturing aircraft in India.

  • Total Sales: Rs 21,212 Cr
  • Profit: 2,817 Cr
  • Market Cap:  25,900 Cr.
  • ROE: 22.24 %
  • Sales Growth (3Yrs): 5.88 %
  • Promoter holding: 89.97 %
  • Debt to equity: 0.13
  • Price to book value: 2.16

In March 1941, the Government of India became one of the shareholders in the Company holding 1/3 of its paid-up capital and subsequently took over its management in 1942. In collaboration with the InterContinental Aircraft Company of USA, Hindustan Aircraft Company commenced its business of manufacturing of Harlow Trainer, Curtiss Hawk Fighter and Vultee Bomber Aircraft.

5. Hindustan Petroleum Corporation Limited

HPCL is a Maharatna CPSE, and a Forbes 2000 company. It had originally been incorporated as a company under the Indian Companies Act 1913. It is listed on the Bombay Stock exchange (BSE) and National Stock Exchange (NSE), India. HPCL is the largest Navratna company in the list of navratna companies of India.

  • Total Sales: Rs 272,225 Cr
  • Profit: 5,363 Cr
  • Market Cap:  40,206 Cr.
  • ROE: 23.89 %
  • Sales Growth (3Yrs): 15.69 %
  • Promoter holding: 51.11 %
  • Debt to equity: 0.94
  • Price to book value: 1.33

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. HPCL in collaboration with M/s Mittal Energy Investments Pte. Ltd. is operating an 11.3 MMTPA capacity Refinery at Bathinda with 48.99% equity and also holds equity of about 16.95% in the 15 MMTPA Mangalore Refinery and Petrochemicals Ltd. (MRPL).

6. Mahanagar Telephone Nigam Limited

MTNL was set up on 1st April 1986 by the Government of India to upgrade the quality of telecom services, expand the telecom network, introduce new services and to raise revenue for telecom development needs of India ‘s key metro cities of Delhi & Mumbai.

MTNL is the principal provider of fixed-line telecommunication service in the two Metropolitan Cities of Delhi and Mumbai. The company is among the list of Navratna companies of India

Also Read  List of Maharatna Companies in India 2022

It offers mobile services in the city of Delhi including four peripheral towns Noida, Gurgaon, Faridabad & Gaziabad and the Mumbai city along with the areas falling under the Mumbai Municipal Corporation, New Mumbai Corporation, and Thane Municipal Corporation. At present, 56.25% of equity shares are held by the President of India. MTNL has been given Navratna status in 1997 and was listed on the New York Stock Exchange in 2001.

7. National Aluminium Company Limited

National Aluminium Company Limited (NALCO) is a Navratna CPSE under the Ministry of Mines. It was established on 7th January 1981, with its registered office at Bhubaneswar. The Company is a group ‘A’ CPSE, having integrated and diversified operations in mining, metal, and power. Presently, the Government of India holds 51.5% equity of NALCO.

The Company has a 68.25 lakh TPA Bauxite Mine & 21.00 lakh TPA (normative capacity) Alumina Refinery located at Damanjodi in Koraput district of Odisha, and 4.60 lakh TPA Aluminium Smelter & 1200MW Captive Power Plant located at Angul, Odisha. NALCO has bulk shipment facilities at Vizag port for the export of Alumina/Aluminium and import of caustic soda and also utilizes the facilities at Kolkata and Paradeep ports.

8. NBCC (India) Limited

  • Revenue: Rs 9,133 Cr
  • Profit: 176 Cr
  • Market Cap:  6,417 Cr.
  • ROE: 20.98 %
  • Sales Growth (3Yrs): 19.50 %
  • Promoter holding: 65.93 %
  • Debt to equity: 0.00
  • Price to book value: 4.88

Founded in 1960 as a Govt. of India Civil Engineering Enterprise, NBCC with its Headquarter in Delhi, today, holds the status of Navratna CPSE and has emerged as the undisputed leader in the Construction Sector on the back of its capabilities, innovative approach, adherence to highest standard of quality, timely delivery and a dedicated workforce.

9. NMDC Limited

Incorporated in 1958 as a Government of India fully owned public enterprise. NMDC is under the administrative control of the Ministry of Steel, Government of India. Since inception involved in the exploration of a wide range of minerals including iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, beach sands, etc.

  • Revenue: Rs 12,798 Cr
  • Profit: 4,913 Cr
  • Market Cap:  38,028 Cr.
  • ROE: 18.38 %
  • Sales Growth (3Yrs): 23.47 %
  • Promoter holding: 72.28 %
  • Debt to equity: 0.00
  • Price to book value: 1.37

NMDC is India’s single largest iron ore producer, presently producing about 35 million tonnes of iron ore from 3 fully mechanized mines viz., Bailadila Deposit-14/11C, Bailadila Deposit-5, 10/11A (Chhattisgarh State) and Donimalai Iron Ore Mines (Karnataka State). NMDC Projects have following accreditations

10. NLC India Limited

A  NAVRATNA  company under the Ministry of Coal since  1956 –  more than 60  years of its glorious existence. Present   Mining  Capacity:   30.6 MTPA ( Lignite ).

  • Total Sales: Rs 9,658 Cr
  • Profit: 1,376 Cr
  • Market Cap:  7,536 Cr.
  • ROE: 11.64 %
  • Sales Growth (3Yrs): 8.04 %
  • Promoter holding: 80.85 %
  • Debt to equity: 1.70
  • Price to book value: 0.57

Present Power Generation Capacity (including JVs) : 3140MW (Lignite),    1000MW (Coal),   1001.56MW (Solar),   51MW (Wind), Total : 5192.56 MW

11. Oil India Limited

Oil India Private Limited was incorporated to expand and develop the newly discovered oil fields of Naharkatiya and Moran in the Indian North East. In 1961, it became a joint venture company between the Indian Government and Burmah Oil Company Limited, UK.

  • Total Sales: Rs 12,657 Cr
  • Profit: 2,148 Cr
  • Market Cap:  8,805 Cr.
  • ROE: 13.61 %
  • Sales Growth (3Yrs): 11.95 %
  • Promoter holding: 59.57 %
  • Debt to equity: 0.37
  • Price to book value: 0.29
Also Read  Indian Government Company Full List 2022

In 1981, OIL became a wholly-owned Government of India enterprise. Today, OIL is a premier Indian National Oil Company engaged in the business of exploration, development, and production of crude oil and natural gas, transportation of crude oil and production of LPG. OIL also provides various E&P related services and holds 26% equity in Numaligarh Refinery Limited.

12. Power Finance Corporation Limited

Incorporated on July 16th, 1986, Power Finance Corporation Ltd. is a Schedule-A Navratna CPSE, and is a leading Non-Banking Financial Corporation in the Country. PFC’s registered office is located at New Delhi and regional offices are located at Mumbai and Chennai.

  • Total Sales: Rs 60,374 Cr
  • Profit: 9,455 Cr
  • Market Cap:  27,048 Cr.
  • ROE: 22.82 %
  • Sales Growth (3Yrs): 24.77 %
  • Promoter holding: 55.99 %
  • Debt to equity: 10.94
  • Price to book value: 0.53

PFC is under the administrative control of the Ministry of Power. PFC has conferred the title of a ‘Navratna CPSE’ in June 2007 and was classified as an Infrastructure Finance Company by the RBI on 28th July 2010.

13. Power Grid Corporation of India Limited

Power Grid Corporation of India is principally engaged in planning, implementation, operation, and maintenance of Inter-State Transmission System (ISTS), Telecom and consultancy services. A “Maharatna” Central Public Sector Enterprise. The company is in Central Transmission Utility (CTU) of India. Currently, it is India’s largest Electric Power Transmission Utility.

  • Total Sales: Rs 37,130 Cr
  • Profit: 10,807 Cr
  • Market Cap:  87,838 Cr.
  • ROE: 22.16 %
  • Sales Growth (3Yrs): 19.29 %
  • Promoter holding: 54.96 %
  • Debt to equity: 2.19
  • Price to book value: 1.40

Power Grid Corporation is the Listed Company since 2007. Consistently rated “Excellent” under Memorandum of Understanding with Ministry of Power since 1993-94.

14. Rashtriya Ispat Nigam Limited

Rashtriya Ispat Nigam Limited, the corporate entity of Visakhapatnam Steel Plant is a Navaratna PSE under the Ministry of Steel. Visakhapatnam Steel Plant fondly called Vizag steel. It is the first shore-based Integrated Steel Plant in the country and is known for its quality products delighting the customers.

It is a market leader in long products and it caters to the needs of diverse industrial sectors. It is the first Steel plant to be certified ISO 9001:2008 (presently2015.

15. Rural Electrification Corporation Limited

REC is a Navratna Central Public Sector Undertaking under the Ministry of Power. It is a leading infrastructure finance company with a net worth of ₹ 34,303 crores. The company’s business activities involve financing projects in the complete power sector value chain, be it generation, transmission or distribution.

  • Total Sales: Rs 9,359 Cr
  • Profit: 112 Cr
  • Market Cap:  1,901 Cr.
  • ROE: 4.07 %
  • Sales Growth (3Yrs): 2.54 %
  • Promoter holding: 75.00 %
  • Debt to equity: 0.66
  • Price to book value: 0.64

The company also provides financial assistance to state electricity boards, state governments, central/state power utilities, independent power producers, rural electric cooperatives and private sector utilities through an extensive network of 23 offices across the country. 

16. Shipping Corporation of India Limited

Shipping Corporation of India is engaged involved in the business of transporting goods and passengers. On October 2, 1961, The Shipping Corporation of India Ltd. was incorporated by an amalgamation of Eastern Shipping Corporation and Western Shipping Corporation as India’s first public sector company in shipping

  • Total Sales: Rs 4,208 Cr
  • Profit: 286 Cr
  • Market Cap:  1,991 Cr.
  • ROE: -0.87 %
  • Sales Growth (3Yrs): -1.03 %
  • Promoter holding: 63.75 %
  • Debt to equity: 0.56
  • Price to book value: 0.28
NoCompany Name
1Bharat Electronics Limited
2Container Corporation of India Limited
3Engineers India Limited
4Hindustan Aeronautics Limited
5Hindustan Petroleum Corporation Limited
6Mahanagar Telephone Nigam Limited
7National Aluminium Company Limited
8NBCC (India) Limited
9NMDC Limited
10NLC India Limited
11Oil India Limited
12Power Finance Corporation Limited
13Power Grid Corporation of India Limited
14Rashtriya Ispat Nigam Limited
15Rural Electrification Corporation Limited
16Shipping Corporation of India Limited
List of Navratna Companies in India

So finally these are the list of Navratna companies in India.

Nifty CPSE Index | Stocks List Weightage | ETF
Raveendran R
Raveendran R
Editor @ Indiancompaies.in


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