List Of Best Maharatna Company In India( #2020)

Here is the list of Best Maharatna Company In India in 2020

  • Bharat Petroleum Corporation Ltd
  • Coal India Ltd
  • Indian Oil Corporation Ltd
  • GAIL (India) Ltd
  • Hindustan Petroleum Corporation Ltd
  • Bharat Heavy Electricals Ltd
  • NTPC Ltd
  • Oil & Gas Natural Corp. Ltd
  • Power Grid Corp. Of India Ltd
  • Steel Authority of India Ltd

Source : www.bsepsu.com

Maharatna Scheme was introduced for Central Public Sector Enterprises (CPSEs), with effect from 19th May 2010, in order to empower mega CPSEs to expand their operations and emerge as global giants. The objective of the scheme is to delegate enhanced powers to the Boards of identified large-sized Navratna CPSEs so as to facilitate the expansion of their operations, both in domestic as well as global markets.

Criteria For Maharatna Company in India

CPSEs fulfilling the following criteria are eligible to be considered for grant of Maharatna status:

  1. The company should have Navratna status
  2. Listed on the Indian stock exchange, with a minimum prescribed public shareholding under SEBI regulations
  3. Average annual turnover of more than Rs. 20,000 crore during the last three years
  4. An average annual net worth of more than Rs.10,000 crore during the last three years
  5. An average annual net profit of more than Rs. 2,500 crore during the last 3 years
  6. The significant global presence or international operations

List of Best Maharatna Company In India

#1. Oil & Natural Gas Corp. Ltd

ONGC Maharatna Company in india

ONGC Ltd is the biggest Maharatna company in India with a market cap of 98,818 Cr. in 2020

IndustryExploration & Production
Founded1956
Owner Govt. Of India
Chairman & MDShashi Shanker

Maharatna ONGC is India’s largest crude oil and natural gas company, contributing about 75 percent to India’s domestic production.

ONGC is the only fully-integrated oil and gas company in India to operate with the entire hydrocarbon value chain.

  • It has discovered 6 out of the 7 oil and gas producing basins in India.
  • This largest energy company in India has established 8.98 billion tonnes of in-place hydrocarbon reserves.
  • It has cumulatively produced 1042 Million Metric Tonnes (MMT) of crude and 715 Billion Cubic Meters (BCM) of Natural Gas.
  • ONGC’s wholly-owned subsidiary ONGC Videsh Ltd. (OVL) is the biggest Indian multinational, with 41 Oil & Gas projects in 20 countries.
  • It produces over 1.26 million barrels of oil equivalent per day, contributing around 75% of India’s domestic production. Of this, over 75% of crude oil produced is Light & Sweet.
  • The Company holds the largest share of hydrocarbon acreages in India (61% in PEL Areas & 81% in ML Areas).
  • The company owns and operates more than 25,500 kilometers of pipelines in India, including sub-sea pipelines. No other Indian company operates even 50 percent of the length of this route.

Current Year Financial Data

  • Market Cap:  98,818 Cr.
  • Current Price:  78.55
  • 52 weeks High / Low  154.40 / 50.00
  • Book Value:  179.72
  • Stock P/E: 4.99
  • Dividend Yield: 6.37 %
  • ROCE: 19.54 %
  • ROE: 14.91 %
  • Sales Growth (3Yrs): 50.33 %

Bonus Share Issue History

Bonus History (Oil and Natural Gas Corporation)

DateBonus Ratio
27-10-20161:2
16-12-20101:1
26-07-20061:2

ONGC Ltd Performance In Last 10 Years

Year20102020CAGR 
Growth(%)
Sales95,663425,00116.08%
Profit19,40410,758-5.73%
Share Price183.3278.55-8.13%

#2. Power Grid Corp. Of India Ltd

Power Grid Corporation of India Limited(PGCIL Maharatna company in india

Power grid Corp. Of India Ltd is the 2nd largest Maharatna company in India with a market cap of 90,297 Cr. in 2020

IndustryElectric Utilities
Founded1989
OwnerGovt. Of India
MDRavi P. Singh

Power Grid Corporation of India, incorporated in October 1989, is the Central Transmission Utility (CTU) of the country.

The company is engaged in power transmission business with the responsibility for planning, implementation, operation, and maintenance of the high-voltage transmission system.

It owns and operates most of India’s inter-regional and inter-state power transmission system (ISTS) with transmission network of about 1,63,222 ckm, 248 extra high voltage alternating current (EHVAC) and high voltage direct current (HVDC) substations with 4,09,898 mega volt-ampere (MVA) transformation capacity as on March 31, 2020.

The company has around 67,000 km of fibre optic network as on March 31, 2020.

Current Year Financial Data

  • Market Cap:  90,297 Cr.
  • Current Price:  172.60
  • 52 weeks High / Low  216.25 / 122.15
  • Book Value:  123.66
  • Stock P/E: 8.16
  • Dividend Yield: 3.45 %
  • ROCE: 10.44 %
  • ROE: 22.16 %
  • Sales Growth (3Yrs): 19.29 %

Power Grid Corporation of India Ltd Performance In Last 10 Years

Year20102020CAGR 
Growth(%)
Sales7,12736,18617.64%
Profit2,04110,81118.14%
Share Price108.33123.661.33%

#3. NTPC LTD.

NTPC Ltd Maharatna company in india

NTPC Ltd is the 3rd largest Maharatna company in India with a market cap of 89,447 Cr. in 2020

IndustryElectric Utilities
Founded1975
OwnerGovt. Of India
Chairman & MDGurdeep Singh

NTPC was incorporated on November 7, 1975, under the name National Thermal Power Corporation Private Ltd. Subsequently, it was converted into a public limited company in September 1985.

  • It is the largest power generation company in India with an installed generation capacity of 62.11 GW (including JVs) constituting around 16.8% of the total installed power generation capacity in the country as on March 31, 2020.
  • It is a major player in coal-based thermal generation in India.

It currently owns 45 power stations across India (24 Coal based stations, 7 combined cycle gas/liquid fuel based stations, 2 hydro based stations and 12 solar/wind-based plants).

 Current Year Financial Data

  • Market Cap:  89,447 Cr.
  • Current Price:  90.40
  • 52 weeks High / Low  133.55 / 73.20
  • Book Value:  120.11
  • Stock P/E: 8.12
  • Dividend Yield: 0.55 %
  • ROCE: 5.88 %
  • ROE: 13.18 %
  • Sales Growth (3Yrs): 9.26 %

Bonus Share Issue History

Bonus History (NTPC)

DateBonus Ratio
30-01-20191:5

NTPC Ltd Performance In Last 10 Years

Year20102020CAGR 
Growth(%)
Sales48,312107,1538.29%
Profit8,83811,0132.22%
Share Price171.4390.40-6.20%

#4. Bharat Petroleum Corporation Ltd

Bharat Petroleum

Bharat Petroleum Corporation Ltd is the 4th largest Maharatna company in India with a market cap of 81,640 Cr. in 2020

IndustryRefineries/ Petro-Products
Founded1952
Owner Govt. Of India
Chairman & MDD. Rajkumar

Bharat Petroleum Corporation Limited (BPCL), a Govt. of India undertaking (52.98% holding as on March 31, 2020) and a Fortune 500 company, was originally incorporated as Bharat-Shell Refineries Limited (BSRL) on November 03, 1952, by Shell Petroleum Company Limited and subsequently in 1977, the name was changed to BPCL.

  • It is an integrated oil refining and marketing company.
  • It has its presence in both upstream and downstream segments.

It is India’s second-largest OMC with a domestic sales volume of over 43.36 MMT in FY20 and is India’s third-largest refining company with a total refining capacity of 38.30 MMT (on a consolidated basis), representing around 15% of India’s total refining capacity as on March 31, 2020.

With 16,250 retail outlets (as on March 31, 2020), BPCL has the third-largest nationwide marketing set up in the country for the sale of petroleum products.

Current Year Fiancial Data

  • Market Cap:  81,640 Cr.
  • Current Price:  376.35
  • 52 weeks High / Low  549.70 / 252.00
  • Book Value:  168.41
  • Stock P/E: 18.70
  • Dividend Yield: 4.38 %
  • ROCE: 18.47 %
  • ROE: 20.45 %
  • Sales Growth (3Yrs): 16.66 %

Bonus Share Issue History

Bonus History (Bharat Petroleum Corporation)

DateBonus Ratio
30-05-20171:2
26-05-20161:1
25-05-20121:1
28-09-20001:1
02-09-19942:1

BPCL Limited Performance in last 10 Years

Year20102020CAGR 
Growth(%)
Sales123,194284,5728.73%
Profit1,6323,0556.46%
Share Price89.92376.3515.39%

#5. Indian Oil Corporation Ltd

Indian Oil Corporation

Indian Oil Corporation Ltd is the 5th largest Maharatna company in India with a market cap of  81,103 Cr in 2020

IndustryOil & Gas
Founded1959
OwnerGovt. Of India
ChairmanShrikant Madhav Vaidya 

IOCL is an integrated oil refining and marketing company.

It was formed in 1964 with the merger of Indian Refineries Ltd (established in 1958) and Indian Oil Company Ltd (established in 1959).

  • The company dominates the domestic refining sector with a share of ~32.5%.
  • The company is also the leading public oil marketing company with a ~39.9% market share (including private players) as of the end of FY2019 (as per consumption data from Petroleum Planning & Analysis Cell, PPAC).
  • IOC also enjoys a dominant presence in the domestic crude and product transportation business, controlling significant share in the country’s total downstream pipeline capacity.

Along with subsidiary Chennai Petroleum Corporation Ltd, IOCL controls 11 refineries across India, which have a combined installed capacity of 80.7 mtpa, and account for 33% of the country’s total installed capacity.

Current Year Fiancial Data

  • Market Cap:  81,103 Cr.
  • Current Price:  86.15
  • 52 weeks High / Low  156.00 / 71.15
  • Book Value:  101.33
  • Stock P/E: 7.79
  • Dividend Yield: 4.93 %
  • ROCE: 15.87 %
  • ROE: 15.36 %
  • Sales Growth (3Yrs): 15.14 %

Bonus Share Issue History

Bonus History (Indian Oil Corporation)

DateBonus Ratio
30-01-20181:1
29-08-20161:1
13-09-20091:1
06-06-20031:2
17-06-19991:1
12-09-19942:1

IOCL Limited Performance in last 10 Years

Year20102020CAGR 
Growth(%)
Sales250,046484,3626.84%
Profit10,713-893
Share Price76.9586.151.14%

#6. Coal India Ltd

Coal India Share Price: Trending stocks: Coal India shares rise ...

Coal India Ltd is the 6th largest Maharatna company in India with a market cap of 80,855 Cr. in 2020

IndustryCoal
Founded1975
OwnerGovt. Of India
ChairmanPramod Agrawal

Coal India Limited (CIL) is an Indian state-owned coal mining and refining company. It is the largest coal-producing company in the world.

CIL was incorporated in 1973 as Coal Mines Authority Ltd after the nationalisation of the coal sector. It was reconstituted as a formal holding company with the present name in November 1975.

CIL was conferred the Maharatna status by the Indian government in April 2011. Additionally, seven of its nine wholly-owned subsidiaries have been accorded the Miniratna status.

  • CIL accounted for an estimated 85% of domestic coal production in fiscal 2020.
  • Total production by the company and offtake during the fiscal were 602 and 582 million tonne, respectively.

Current Year Fiancial Data

  • Market Cap:  80,855 Cr.
  • Current Price:  131.20
  • 52 weeks High / Low  236.35 / 119.20
  • Book Value:  52.18
  • Stock P/E: 4.84
  • Dividend Yield: 9.15 %
  • ROCE: 109 %
  • ROE: 74.90 %
  • Sales Growth (3Yrs): -1.79 %

Coal India Limited Performance in last 10 Years

Year20102020CAGR 
Growth(%)
Sales49,15396,0806.93%
Profit9,62216,7145.68%
Share Price346131.20-9.24%

#7. GAIL (India) Ltd

GAIL

GAIL India Ltd is the 7th largest Maharatna company in India with a market cap of  46,184 Cr. in 2020

IndustryUtilities:Non-Elec.
Founded1984
OwnerGovt. Of India
ChairmanAshutosh Karnatak

GAIL (India) Ltd., India’s principal gas transmission and distribution company, was set up by the Government of India (GoI) in August 1984 to create natural gas transportation and distribution infrastructure for the development of the natural gas sector across the country.

GAIL is the market leader in the transmission of natural gas in the country with over 12,400 Km of pipeline network, out of total pipeline network in India of ~17,500 Km (i.e. 70.86% of country’s pipeline) as on March 31, 2020, with a natural gas handling capacity of 253 MMSCMD.

BUSINESS SEGMENTS

GAIL has a presence in different products, besides a leadership position in the transmission of natural gas and LPG. The company has established a presence in various other business segments like city gas distribution, petrochemicals, liquid hydrocarbons, exploration & production, and telecom.

GAS SOURCING

Over the years, GAIL has developed adequate tie-ups for the supply of natural gas both domestically and internationally.

The company sourced around 50% of its total gas requirement through domestic sources which include ONGC (APM & Non-APM), PMT at APM & PSC prices, Ravva, Ravva satellite, etc.

The remaining ~50% gas requirement is sourced through imported gas – RLNG (Long-term RLNG, Mid Term RLNG, and Spot). GAIL has long term LNG contract of around 14 MMTPA from USA, Russia, and Qatar.

Current Year Fiancial Data

  • Market Cap:  46,184 Cr.
  • Current Price:  102.40
  • 52 weeks High / Low  150.80 / 65.00
  • Book Value:  109.24
  • Stock P/E: 4.90
  • Dividend Yield: 6.25 %
  • ROCE: 21.53 %
  • ROE: 15.30 %
  • Sales Growth (3Yrs): 13.54 %

Bonus Share Issue History

Bonus History (GAIL India)

DateBonus Ratio
27-05-20191:1
12-02-20181:3
25-01-20171:3
23-06-20081:2

GAIL(India) Limited Performance in last 10 Years

Year20102020CAGR 
Growth(%)
Sales26,92972,50810.41%
Profit3,3289,42210.97%
Share Price112.62102.40-0.95%

#8. Hindustan Petroleum Corporation Ltd

Hindustan Petroleum

Hindustan Petroleum Corporation Ltd is the 8th largest Maharatna company in India with a market cap of 31,985 Cr.in 2020

IndustryRefineries/ Petro-Products
Founded1974
OwnerGovt. Of India
Chairman and Managing DirectorM. K. SURANA

HPCL was established in 1974, following the nationalization and amalgamation of Esso Eastern Inc. and Lubes India Ltd with the takeover of Caltex Oil Refining (India) Ltd. In January 2018, ONGC acquired a 51.11% stake in HPCL from GoI.

HPCL is an integrated refining and marketing company.

  • It has substantial oil marketing operations and is the third-largest oil refining and marketing company in India.
  • It had a refining capacity share of around 10.8% and held 21% of India’s petroleum product pipelines as on March 31, 2020.

It operates a refinery in Mumbai, which has an installed capacity of 7.5 million tonne per annum (mtpa), and a refinery in Visakhapatnam with installed capacity of 8.3 mtpa; these refineries account for 6.3% of the country’s total installed capacity. The company also has a 11.3 mtpa refinery in Bathinda through a JV with Singapore-based Mittal Energy Investments Pvt Ltd.

Current Year Fiancial Data

  • Market Cap:  31,985 Cr.
  • Current Price:  209.90
  • 52 weeks High / Low  329.25 / 150.00
  • Book Value:  203.31
  • Stock P/E: 8.78
  • Dividend Yield: 4.65 %
  • ROCE: 20.38 %
  • ROE: 23.89 %
  • Sales Growth (3Yrs): 15.69 %

Bonus Share Issue History

Bonus History (Hindustan Petroleum Corporation)

DateBonus Ratio
26-05-20171:2
20-07-20162:1
30-07-19991:2
30-06-19942:1

HPCL Limited Performance in last 10 Years

Year20102020CAGR 
Growth(%)
Sales111,128269,0829.25%
Profit1,4772,6395.98%
Share Price75.6209.9010.75%

#9. Steel Authority of India Ltd

Steel Authority of India - Wikipedia

Steel Authority of India Ltd is the 9th largest Maharatna company in India with a market cap of 15,242 Cr..in 2020

IndustryIron & Steel/Interm.Products
Founded1954
OwnerGovt. Of India
ChairmanAnil Kumar Chaudhary

SAIL was promoted in 1973 by the Government of India (GoI) as a holding company to bring companies producing steel and related products under one umbrella.

The company is an integrated iron and steel maker, producing both carbon and special steel for industries like construction, engineering, power, railway, automotive, consumer durables, defense, etc.

  • SAIL is one of the largest steel-makers in India with crude steel and saleable steel capacities stood at 19.63 Million Tonnes Per Annum (MTPA) and 18.54 MTPA as on March 31, 2019.
  • At present, SAIL owns and operates five integrated steel plants viz., Bhilai Steel Plant (BSP), Durgapur Steel Plant (DSP), Rourkela Steel Plant (RSP), Bokaro Steel Plant (BSL) and IISCO Steel Plant (ISP).
  • The company also has three special steel plants i.e. Alloy Steel Plant, Salem Steel Plant, and Visvesvaraya Iron & Steel Plant.

Current Year Financial Data

  • Market Cap:  15,242 Cr.
  • Current Price:  36.90
  • 52 weeks High / Low  51.90 / 20.15
  • Book Value:  94.98
  • Stock P/E: 5.82
  • Dividend Yield: 1.36 %
  • ROCE: 8.54 %
  • ROE: 6.89 %
  • Sales Growth (3Yrs): 19.96 %

Steel Authority of India Ltd Performance In Last 10 Years

Year20102020CAGR 
Growth(%)
Sales40,50761,6644.29%
Profit6,8512,121-11.06%
Share Price230.7536.90-16.75%

#10. Bharat Heavy Electricals Ltd

Bharat Heavy Electricals Limited - Wikipedia

Bharat Heavy Electricals Ltd is the 10th largest Maharatna company listed in India with a market cap of 12,849 Cr. in 2020

IndustryHeavy Electrical Equipment
Founded1964
FounderGovernment of India
MDNalin Singhal

BHEL is an integrated power plant equipment manufacturer. The ‘Maharatna’ central public sector enterprise is one of the largest engineering and manufacturing companies in India. The government holds 63.17% of the equity in BHEL.

  • The largest contributor to the country’s installed generation capacity with a 53% share
  • It has 16 manufacturing units and 8 service centers in India
  • It has a widespread overseas footprint with references in 83 countries.
  • It is the second-largest employer in Indian capital goods industry

Business segments

BHEL has operations in the power and industry segments.

  • The power group supplies power plant equipment such as turbo generators, boilers, turbines, and accessories, and offers erection services for all types of power plants such as gas-based, coal-based, hydro, nuclear, solar power, etc.
  • The industry group caters to diverse sectors such as process industries, transportation, power transmission and distribution, and defense.

 Current Year Financial Data

  • Market Cap:  12,448 Cr.
  • Current Price:  35.75
  • 52 weeks High / Low  74.30 / 18.40
  • Book Value:  82.31
  • Stock P/E:
  • Dividend Yield: 5.59 %
  • ROCE: 6.70 %
  • ROE: 3.16 %
  • Sales Growth (3Yrs): 5.99 %

Bonus Share Issue History

DATEBONUS RATIO
10-08-20171:2
25-01-20071:1

BHEL Ltd Performance In Last 10 Years

Year20102020CAGR 
Growth(%)
Sales33,50621,490-4.35%
Profit4,327-1,466
Share Price32535.75-19.81%

Also Read: List Of Top Capital Goods-Electrical Company In India (2020)

Maharatna Companies Benefits

The Boards of Maharatna CPSEs have been delegated the following powers:

  1. To incur capital expenditure on the purchase of new items or for replacement, without any monetary ceiling
  2. To enter technology joint ventures (JVs) or strategic alliances
  3. To obtain technology and know-how by purchase or other arrangements
  4. To affect organizational restructuring including the establishment of the profit center, the opening of offices in India/abroad, creating new activity centers, etc.
  5. To create below Board level posts up to E-9 level and to wind up all below Board level posts. The Boards of Directors of these CPSEs will have powers to make all appointments, effect internal transfers, and re-designation of all below Board level posts.
  6. To structure and implement schemes related to personnel and human resource management and training
  7. To raise debt from the domestic capital markets and international markets, the latter being subject to the approval of RBI/Department of Economic Affairs, as may be required. Approval for the same should be obtained through the administrative Ministry.
  8. To make equity investment to establish financial JVs and wholly-owned subsidiaries and undertake mergers and acquisitions (M&As) in India or abroad, subject to a ceiling of 15% of the net worth of the concerned CPSE, limited to Rs.5.000 crore in one project. The overall ceiling on such investments in all projects put together will not exceed 30% of the net worth of the concerned CPSE. While normally the investment would be done directly by the parent CPSE, in cases where it proposes to invest through a subsidiary into another JV, and also provide the additional capital for this purpose, the above stipulations would be in the context of the parent company.
  9. The Board of Directors shall have the powers for M&As, subject to the conditions that (a) it should be as per the growth plan and in the core area of functioning of the CPSE and (b) the Cabinet Committee on Economic Affairs (CCEA) would be kept informed in case of investments abroad. Further, the powers relating to M&As should be exercised in such a manner that it should not lead to any change in the public sector character of the concerned CPSEs.
  10. CMD is empowered to approve international business tours of functional Directors up to 5 days duration (other than study tours, seminars, etc.) in an emergency, under intimation to the Secretary of the Administrative Ministry.
  11. Holding companies are empowered to transfer assets, float fresh equity and divest shareholding in subsidiaries subject to the condition that the delegation will only be in respect of subsidiaries set up by the holding company under the powers delegated to Navratna/Maharatna CPSEs and further to the proviso that a) the public sector character of the concerned CPSE (including subsidiary) would not be changed without prior approval of the Government, and b) such Maharatna CPSEs will be required to seek Government approval before exiting from their subsidiaries.

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