Top Miniratna Companies in India (2025)
Miniratna Companies in India are government-owned public sector enterprises with special financial autonomy. There are two categories, and category I include companies that have made profits for the last three years and have at least ₹30 cr pre-tax profit in one of those years. On the other hand, category-II companies have made profits for the last three years and have a positive net worth.
Top Miniratna Stocks in India
Thursday, 27 November, 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 | 1,487.60 | 2,096.60 | 907.00 | 54,529.84 | 99.21 | 41.76 | 13.60 | 0.31 | 14.38 | 44.13 | 211.21 | 817.00 | Midcap | Capital Goods | Machinery | Aerospace & Defense | 1.14 |
| BEML | BEML Ltd | BEML | /stocks/beml-BEML | Rail | 1,875.10 | 2,437.40 | 1,175.00 | 15,617.52 | 53.38 | 41.76 | 5.41 | 0.54 | 10.53 | -6.60 | 152.12 | 425.46 | Smallcap | Capital Goods | Machinery | Construction Machinery & Heavy Transportation Equipment | -1.68 |
| CHPC | Chennai Petroleum Corporation Ltd | CHENNPETRO | /stocks/chennai-petroleum-corporation-CHPC | Oil & Gas - Refining & Marketing | 896.60 | 1,103.00 | 433.10 | 13,351.40 | 62.36 | 20.54 | 1.63 | 0.56 | 2.44 | 47.12 | 324.12 | 940.14 | Smallcap | Energy | Oil, Gas & Consumable Fuels | Oil & Gas Refining & Marketing | 2.29 |
| COCH | Cochin Shipyard Ltd | COCHINSHIP | /stocks/cochin-shipyard-COCH | Shipbuilding | 1,677.20 | 2,545.00 | 1,180.20 | 44,123.91 | 53.33 | 41.76 | 7.91 | 0.58 | 15.64 | 17.09 | 411.89 | 836.46 | Midcap | Capital Goods | Machinery | Construction Machinery & Heavy Transportation Equipment | -0.07 |
| GRSE | Garden Reach Shipbuilders & Engineers Ltd | GRSE | /stocks/garden-reach-shipbuilders-and-engineers-GRSE | Shipbuilding | 2,757.80 | 3,538.40 | 1,184.90 | 31,591.15 | 59.90 | 41.76 | 15.19 | 0.50 | 28.11 | 79.10 | 456.06 | 1,330.77 | Smallcap | Capital Goods | Machinery | Aerospace & Defense | 1.00 |
| HCPR | Hindustan Copper Ltd | HINDCOPPER | /stocks/hindustan-copper-HCPR | Mining - Copper | 329.10 | 365.50 | 183.82 | 31,824.76 | 68.42 | 28.00 | 11.96 | 0.44 | 18.81 | 17.79 | 187.42 | 722.75 | Smallcap | Materials | Metals & Mining | Copper | -1.00 |
| HUDC | Housing and Urban Development Corporation Ltd | HUDCO | /stocks/housing-and-urban-development-corporation-HUDC | Specialized Finance | 239.17 | 262.70 | 158.85 | 47,879.44 | 17.67 | 18.20 | 2.66 | 1.74 | 15.67 | 12.34 | 380.26 | 586.28 | Midcap | Financial Services | Diversified Financial Services | Specialized Finance | 0.17 |
| INIR | Indian Railway Catering and Tourism Corporation Ltd | IRCTC | /stocks/indian-railway-catering-and-tourism-corporation-INIR | Online Services | 688.50 | 859.70 | 656.00 | 55,080.00 | 41.89 | 122.60 | 15.04 | 1.16 | 38.15 | -15.52 | -5.15 | 154.76 | Midcap | Commercial & Professional Services | Interactive Media & Services | Diversified Support Services | -0.09 |
| IRCN | Ircon International Ltd | IRCON | /stocks/ircon-international-IRCN | Construction & Engineering | 161.81 | 237.70 | 134.24 | 15,218.49 | 20.92 | 41.76 | 2.39 | 1.64 | 11.86 | -18.11 | 162.25 | 287.57 | Smallcap | Capital Goods | Construction & Engineering | Construction & Engineering | 0.41 |
| IRF | Indian Railway Finance Corp Ltd | IRFC | /stocks/indian-railway-finance-corporation-IRF | Specialized Finance | 118.08 | 166.90 | 108.04 | 154,312.92 | 23.73 | 18.20 | 2.93 | 1.36 | 12.77 | -19.50 | 251.95 | 376.13 | Largecap | Financial Services | Diversified Financial Services | Specialized Finance | -0.10 |
| ITDC | India Tourism Development Corp Ltd | ITDC | /stocks/india-tourism-development-corp-ITDC | Tour & Travel Services | 577.55 | 739.95 | 467.05 | 4,953.61 | 60.74 | 41.18 | 14.06 | 0.50 | 25.19 | -6.84 | 49.97 | 104.41 | Smallcap | Consumer Services | Hotels, Restaurants & Leisure | Hotels, Resorts & Cruise Lines | -0.06 |
| MAZ | Mazagon Dock Shipbuilders Ltd | MAZDOCK | /stocks/mazagon-dock-shipbuilders-MAZ | Shipbuilding | 2,696.50 | 3,775.00 | 1,918.05 | 108,771.42 | 45.07 | 41.76 | 13.70 | 0.64 | 34.03 | 27.37 | 511.62 | 2,908.65 | Largecap | Capital Goods | Machinery | Aerospace & Defense | -0.71 |
| MISR | Mishra Dhatu Nigam Ltd | MIDHANI | /stocks/mishra-dhatu-nigam-MISR | Metals - Diversified | 328.90 | 469.00 | 226.93 | 6,161.61 | 55.59 | 28.00 | 4.35 | 0.46 | 8.11 | 1.50 | 30.96 | 71.53 | Smallcap | Materials | Metals & Mining | Steel | 0.50 |
| MMTC | MMTC Ltd | MMTC | /stocks/mmtc-MMTC | Commodities Trading | 61.29 | 88.19 | 44.50 | 9,193.50 | 106.12 | 41.76 | 5.40 | 0.00 | 5.21 | -21.31 | 46.63 | 224.29 | Smallcap | Capital Goods | Trading Companies & Distributors | Trading Companies & Distributors | -0.69 |
| MOIL | Moil Ltd | MOIL | /stocks/moil-MOIL | Mining - Manganese | 327.80 | 405.60 | 274.05 | 6,670.25 | 17.48 | 28.00 | 2.53 | 1.72 | 14.99 | 7.79 | 103.73 | 155.99 | Smallcap | Materials | Metals & Mining | Steel | 4.74 |
| MSTC | MSTC Ltd | MSTCLTD | /stocks/mstc-MSTC | Commodities Trading | 495.95 | 809.75 | 411.10 | 3,491.49 | 8.58 | 41.76 | 4.73 | 8.17 | 58.76 | -25.30 | 46.38 | 225.21 | Smallcap | Capital Goods | Trading Companies & Distributors | Trading Companies & Distributors | 0.26 |
| NAFT | National Fertilizers Ltd | NFL | /stocks/national-fertilizers-NAFT | Fertilizers & Agro Chemicals | 85.16 | 129.70 | 71.00 | 4,177.77 | 22.71 | 28.00 | 1.54 | 1.83 | 6.99 | -26.49 | 46.70 | 150.84 | Smallcap | Materials | Chemicals | Fertilizers & Agricultural Chemicals | -0.15 |
| NHPC | NHPC Ltd | NHPC | /stocks/nhpc-NHPC | Renewable Energy | 77.43 | 92.34 | 71.00 | 77,778.70 | 25.87 | 22.63 | 1.72 | 2.47 | 6.75 | -4.68 | 76.98 | 266.10 | Midcap | Utilities | Independent Power and Renewable Electricity Producers | Renewable Electricity | -0.62 |
| RAIL | Railtel Corporation of India Ltd | RAILTEL | /stocks/railtel-corporation-of-india-RAIL | Communication & Networking | 343.20 | 478.95 | 265.50 | 11,014.61 | 36.74 | 28.33 | 5.51 | 0.83 | 15.67 | -12.66 | 138.58 | 182.82 | Smallcap | Telecommunication Services | Communications Equipment | Alternative Carriers | 0.80 |
| RAIV | Rail Vikas Nigam Ltd | RVNL | /stocks/rail-vikas-nigam-RAIV | Specialized Finance | 323.60 | 501.80 | 301.60 | 67,471.25 | 52.65 | 18.20 | 7.05 | 0.53 | 14.01 | -25.44 | 304.00 | 1,452.04 | Midcap | Capital Goods | Diversified Financial Services | Construction & Engineering | 0.29 |
| RITS | RITES Ltd | RITES | /stocks/rites-RITS | Business Support Services | 239.53 | 316.00 | 192.40 | 11,511.90 | 29.92 | 41.76 | 4.19 | 3.15 | 14.07 | -16.38 | 23.71 | 92.66 | Smallcap | Commercial & Professional Services | Commercial Services & Supplies | Research & Consulting Services | -0.58 |
| SJVN | SJVN Ltd | SJVN | /stocks/sjvn-SJVN | Renewable Energy | 78.57 | 124.50 | 77.70 | 30,876.40 | 37.67 | 22.63 | 2.18 | 1.86 | 5.80 | -30.36 | 97.41 | 225.34 | Smallcap | Utilities | Independent Power and Renewable Electricity Producers | Electric Utilities | 0.39 |
Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.
Note: The data on this list of Miniratna companies stocks is dynamic in nature and subject to real-time changes. This data is derived from Tickertape Stock Screener.
What are Miniratna Company Stocks?
Miniratna stocks are shares of government-owned companies in India that have been given special status called Miniratna by the government. This status allows these companies to make certain investment decisions on their own, without needing the government’s permission, thanks to their strong financial performance.
Overview of the Top Miniratna Stocks in India
- Indian Railway Finance Corporation Ltd: Founded in 1986, IRFC raises funds for Indian Railways by issuing bonds. It helps finance the purchase of trains, infrastructure, and other essential resources to support the growth and modernisation of the railway network.
- Mazagon Dock Shipbuilders Ltd: Established in 1934, MDL is a shipyard in Mumbai that builds warships, submarines, and other ships for the Indian Navy. It also repairs and maintains ships, playing a key role in India’s defence sector.
- NHPC Ltd: Founded in 1975, NHPC generates clean energy by building and operating hydroelectric plants. It plays a crucial role in India’s renewable energy sector, providing power to mn of homes across the country.
- Rail Vikas Nigam Ltd : Started in 2003, RVNL works on improving and expanding the Indian Railways network. It builds new tracks, electrifies them, and upgrades stations to make the railway system more efficient and capable of handling growing traffic.
- IRCTC: Founded in 1999, IRCTC handles online ticket bookings, catering services on trains, and tourism services for Indian Railways.
Eligibility Criteria to Become a Miniratna Company
These are the following criteria that a company must meet to become part of the Miniratna company:
- Category-I Miniratnas: These companies must have made a profit for the last three consecutive years and earned at least ₹30 cr pre-tax profit in one of those years. They can invest up to ₹500 cr or 100% of their net worth without requiring government approval.
- Category-II Miniratnas: These companies must have made a profit for the last three consecutive years and have a positive net worth. They can invest up to ₹300 cr or 50% of their net worth.
How to Invest in Miniratna Stocks in India?
Here is how you can invest in the best Miniratna companies in India:
- Open a demat/trading/stockbroker account. You can open a demat account with smallcase!
- Conduct thorough research into the top Miniratna stocks in India using Tickertape Stocks Screener. The screener offers over 200 built-in filters, allowing investors to select parameters and generate a list of Miniratna companies’ stocks in India.
- Place a ‘Buy’ Order on the top Miniratna shares in India that align with your investment thesis.
Benefits of Investing in Miniratna Stocks
- Autonomy and Growth Potential: Miniratna companies have more financial autonomy to make investment decisions, which can lead to faster growth and the ability to adapt to market changes more quickly than other government-owned companies.
- Track of Strong Financial Performance: Miniratna companies must meet strict profitability and net worth criteria, which means they tend to have strong financial health and a track record of profitability over the years.
- Strategic Sectors: These companies operate in critical sectors like defence, infrastructure, energy, and telecommunications, which are essential for India’s growth. The expansion and increasing demand of these sectors may benefit these Miniratna companies.
Risks of Investing in the Miniratna Companies in India
- Government Dependence: Although Miniratna companies have more financial autonomy, they are still government-owned, and policy changes or political decisions can impact their operations, growth prospects, and Miniratna share prices.
- Competition from Private Sector: Some Miniratna companies face intense competition from private sector companies, particularly in sectors like energy and telecommunications. If private players bring in innovative solutions or better services, it may impact the performance of Miniranta companies.
- Sector-Specific Risks: Performance of these Mniranta companies may be affected by sector-specific challenges, such as fluctuations in demand or changes in industry regulations.
Factors to Consider Before Investing in the Miniratna Stocks in India
- Government Ownership and Policy Influence: Miniratna companies are government-owned, so changes in government policies or political decisions can impact their operations. Understand the political climate and potential policy shifts that may affect these companies.
- Sectoral Outlook: Miniratna companies often operate in strategic sectors such as defence, infrastructure, energy, and telecommunications, which are central to India’s economic growth. The performance of these companies is closely linked to the health and growth of these sectors.
- Economic and Market Conditions: The broader economic environment plays a significant role in the performance of Miniratna companies. Interest rates, inflation, and global market conditions can impact their operations and the Miniratna share prices.
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To Wrap it Up…
Miniratna companies work in important sectors, and their financial autonomy can make them attractive to investors. However, despite these advantages, there are risks to consider. Changes in government policies, bureaucratic delays, and the pressure to compete with innovative private companies can affect their performance. Investors need to be aware of both the potential benefits and risks to make well-informed investment decisions.
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Frequently Asked Questions About Miniratna Companies
1. What are Miniratna companies?
Miniratna companies are government-owned businesses in India that have been granted special status, allowing them more financial autonomy. They can make certain investment decisions without needing prior government approval, based on their strong financial performance.
2. How many companies are there in Miniratna?
As of early 2025, there are 73 Miniranta companies in India, comprising 61 Category I and 12 Category II companies.
Note: The DPE periodically revises Ratna statuses (Maharatna/Navratna/Miniratna), adding or removing CPSEs as they meet or fall short of criteria.
3. Who is eligible for Miniratna?
To qualify for Category-I Miniratna status, a company must be profitable for the last 3 years and have at least ₹30 cr pre-tax profit in one year. And for Category-II, the company must be profitable for the last 3 years and have a positive net worth.
4. How often is the list of Miniratna companies updated?
The Department of Public Enterprises periodically reviews and updates the Miniratna companies list based on the financial performance of the total Miniratna companies in India.
5. What kind of projects can Miniratna Companies undertake independently?
Miniratna companies can undertake projects involving capital expenditure up to their specified limits (Rs. 500 cr. for Category I and Rs. 300 cr. for Category II) without seeking government approval.
