Top Navratna Company List on the NSE (2026)
Navratna companies are managed by the Government of India. They have considerable autonomy to make strategic decisions and hence have a competitive edge in both domestic and international markets. Today, the number of Navratna companies in India has increased significantly, and they are major players in sectors like energy, telecom, infrastructure, and manufacturing. In this article, we will explore what Navratna companies are, their eligibility criteria, and the benefits and risks of investing in them.
List of Navratna Companies
Tuesday, 3 November, 2026
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BAJE | Bharat Electronics Ltd | BEL | /stocks/bharat-electronics-BAJE | Electronic Equipments | 376.50 | 473.45 | 354.55 | 275,213.17 | 45.40 | 45.40 | 11.46 | 0.66 | 27.55 | -10.85 | 179.41 | 463.03 | Largecap | Capital Goods | Electronic Equipment, Instruments & Components | Aerospace & Defense | 0.96 |
| CCRI | Container Corporation of India Ltd | CONCOR | /stocks/container-corporation-of-india-CCRI | Logistics | 417.85 | 553.00 | 404.25 | 31,824.21 | 25.63 | 42.55 | 2.43 | 2.06 | 9.71 | -24.01 | -23.47 | -21.88 | Smallcap | Transportation | Transportation Infrastructure | Rail Transportation | 0.31 |
| ENGI | Engineers India Ltd | ENGINERSIN | /stocks/engineers-india-ENGI | Construction & Engineering | 289.65 | 321.40 | 163.55 | 16,279.56 | 23.54 | 42.55 | 5.18 | 1.73 | 23.79 | 43.95 | 130.70 | 302.57 | Smallcap | Capital Goods | Construction & Engineering | Construction & Engineering | -0.14 |
| HIAE | Hindustan Aeronautics Ltd | HAL | /stocks/hindustan-aeronautics-HIAE | Aerospace & Defense Equipments | 4,855.00 | 5,149.90 | 3,479.10 | 324,690.26 | 35.62 | 42.55 | 7.91 | 0.93 | 23.98 | 3.41 | 161.66 | 628.76 | Largecap | Capital Goods | Machinery | Aerospace & Defense | 2.13 |
| IRCN | Ircon International Ltd | IRCON | /stocks/ircon-international-IRCN | Construction & Engineering | 101.29 | 186.44 | 95.76 | 9,526.48 | 16.00 | 42.55 | 1.43 | 1.88 | 9.18 | -40.20 | -26.97 | 114.60 | Smallcap | Capital Goods | Construction & Engineering | Construction & Engineering | -1.43 |
| IRE | Indian Renewable Energy Development Agency Ltd | IREDA | /stocks/indian-renewable-energy-development-agency-IRE | Specialized Finance | 102.24 | 153.74 | 98.78 | 28,721.58 | 15.33 | 15.68 | 2.08 | 1.32 | 15.58 | -33.31 | 70.40 | 70.40 | Smallcap | Financial Services | Diversified Financial Services | Specialized Finance | 0.06 |
| NALU | National Aluminium Co Ltd | NATIONALUM | /stocks/national-aluminium-co-NALU | Metals - Aluminium | 328.00 | 445.15 | 228.00 | 60,241.52 | 10.39 | 24.12 | 2.79 | 3.51 | 29.42 | 37.43 | 251.18 | 228.82 | Midcap | Materials | Metals & Mining | Aluminum | -3.19 |
| NBCC | NBCC (India) Ltd | NBCC | /stocks/nbcc-india-NBCC | Construction & Engineering | 76.13 | 125.85 | 67.02 | 20,555.10 | 31.14 | 42.55 | 6.39 | 1.31 | 24.46 | -35.29 | 69.55 | 147.74 | Smallcap | Capital Goods | Construction & Engineering | Construction & Engineering | -1.14 |
| NMDC | NMDC Ltd | NMDC | /stocks/nmdc-NMDC | Mining - Iron Ore | 68.42 | 97.49 | 65.15 | 60,153.62 | 8.07 | 24.12 | 1.77 | 5.12 | 23.36 | -9.88 | 28.37 | 105.10 | Midcap | Materials | Metals & Mining | Steel | -0.32 |
| RAIV | Rail Vikas Nigam Ltd | RVNL | /stocks/rail-vikas-nigam-RAIV | Specialized Finance | 186.11 | 400.70 | 177.86 | 38,804.31 | 44.36 | 15.68 | 3.95 | 0.92 | 9.02 | -43.38 | 20.81 | 416.26 | Midcap | Capital Goods | Diversified Financial Services | Construction & Engineering | -1.00 |
| RITS | RITES Ltd | RITES | /stocks/rites-RITS | Business Support Services | 191.50 | 259.70 | 175.00 | 9,203.56 | 22.43 | 42.55 | 3.29 | 4.15 | 14.80 | -22.74 | -13.56 | 35.82 | Smallcap | Commercial & Professional Services | Commercial Services & Supplies | Research & Consulting Services | 0.86 |
| RSTC | Rashtriya Chemicals and Fertilizers Ltd | RCF | /stocks/rashtriya-chemicals-and-fertilizers-RSTC | Fertilizers & Agro Chemicals | 97.99 | 157.20 | 93.11 | 5,405.99 | 13.66 | 24.12 | 1.06 | 2.39 | 8.66 | -35.54 | -22.99 | 23.18 | Smallcap | Materials | Chemicals | Fertilizers & Agricultural Chemicals | -0.63 |
| SCI | Shipping Corporation of India Ltd | SCI | /stocks/shipping-corporation-of-india-SCI | Logistics | 259.31 | 368.75 | 195.55 | 12,078.63 | 8.93 | 42.55 | 1.33 | 2.89 | 15.54 | 0.92 | 86.22 | 150.76 | Smallcap | Transportation | Transportation Infrastructure | Marine Transportation | -0.11 |
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 in the above table is dynamic in nature and subject to real-time changes. This data is derived from Tickertape Stock Screener.
Selection Criteria: Companies that are part of the Navratna status in India.
Explore screensWhat is a Navratna Company?
The Navratna companies are part of India’s Central Public Sector Enterprises (CPSEs). The government classifies Navratna companies based on their financial performance and strategic importance. The Government of India introduced the concept of “Navratna” in 1997 to empower profitable CPSEs with more economic and operational autonomy. These companies are called “Navratna” (meaning “nine gems”) because of their contributions to the Indian economy, although the Navratna companies list has grown over time.
About the Top 5 Navratna Companies
- NMDC Ltd: NMDC is a state-owned mining company primarily engaged in iron ore production, supplying raw materials to India’s steel industry.
- National Aluminium Co Ltd: NALCO operates across bauxite mining, alumina refining, aluminium smelting and power generation, serving domestic and export markets.
- Rail Vikas Nigam Ltd: Rail Vikas Nigam develops railway infrastructure projects, including new lines, electrification, doubling and major transport connectivity works across India.
- Container Corporation of India Ltd: CONCOR provides rail-based container transportation, inland logistics terminals and multimodal freight services, supporting domestic and international cargo movement.
- Indian Renewable Energy Development Agency Ltd: IREDA is a government-owned financial institution that funds renewable energy and energy-efficiency projects across solar, wind, hydro and related sectors.
How to Invest in Navratna Companies in India?
Investing in Navratna stocks is similar to purchasing any other stock on the NSE. Here’s how you can start:
- Open a demat/trading/stockbroker account. You can open a demat account with smallcase!
- Conduct thorough research into the top Navratna stocks in India that are of interest to you. Investors can use tools like the Tickertape Stocks Screener to do this. The screener offers 200+ built-in filters to choose from, allowing investors to analyse the Navratna share price on the NSE and generate a list of Navratna companies in India based on various parameters.
- Place a ‘Buy’ Order on the top Navratna stocks of your choosing.
Navratna Companies 2025 Eligibility Criteria
- Miniratna-I Status: A CPSE must first hold Miniratna Category-I status before becoming eligible for Navratna recognition. This ensures the company already meets minimum profitability, net-worth and operational-performance requirements set by the government.
- Schedule A Status: Eligible companies must be classified as Schedule A CPSEs, a category generally associated with larger, strategically important public enterprises operating across sectors such as mining, infrastructure, power, and engineering.
- MoU Rating: A company must secure an Excellent or Very Good Memorandum of Understanding rating in three of the previous five years, linking Navratna eligibility to sustained operating and financial performance.
- Performance Score: Navratna applicants need at least 60 marks across six specified performance parameters. These measures assess profitability, capital efficiency and operational strength rather than granting status solely because of company size.
- Government Review: The Department of Public Enterprises and an inter-ministerial process grant Navratna status after review. In January 2026, the committee considered Garden Reach Shipbuilders & Engineers for Navratna status.
Benefits of Investing in Navratna Companies
- Strategic Exposure: Navratna companies operate across railways, mining, power, defence, logistics and infrastructure. These sectors remain linked to public investment, with FY2026-27 government capital expenditure proposed at ₹12.2 lakh cr.
- Investment Autonomy: Navratna status gives boards greater financial and operational autonomy than ordinary CPSEs. This can support faster decisions on capital expenditure, joint ventures and expansion without requiring approval for every strategic action.
- Infrastructure Pipeline: Railway-linked Navratnas operate against a large public investment backdrop. Gross Budgetary Support for Indian Railways reached ₹2.78 lakh cr in FY2026-27, supporting network expansion, safety and rolling-stock projects.
- Public Capex Link: Select CPSEs and government organisations achieved ₹5.77 lakh cr of capital expenditure during April-December 2025, equal to 73.58% of their ₹7.85 lakh cr FY2025-26 annual estimate.
- Sector Diversity: The 2024-25 DPE list included Navratnas across aluminium, mining, rail infrastructure, renewable finance, logistics, fertilisers and shipbuilding, giving the category exposure to multiple parts of India’s industrial economy.
Risks of Investing in Navratna Companies in India
- Commodity Cycles: Mining and metals Navratnas such as NMDC and NALCO remain exposed to iron ore and aluminium prices. Falling commodity prices can reduce revenue and margins even when operating volumes remain stable.
- Policy Exposure: CPSE strategies can be influenced by government priorities, disinvestment plans, procurement policies and sector reforms. Changes in these areas may affect capital allocation, project pipelines or business structures independently of company fundamentals.
- Execution Delays: Rail, construction and power-sector Navratnas often manage large projects with long timelines. Land acquisition, clearances, tender delays and cost escalation can affect project completion, working capital and revenue recognition.
- Capital Intensity: Mining, power, logistics and infrastructure businesses require substantial investment in equipment and projects. Higher borrowing costs or weaker cash generation can pressure returns when large expansion programmes coincide with slower demand.
- Sector Concentration: Individual Navratnas may remain heavily dependent on one industry, customer group or policy theme. For example, railway-focused companies are closely linked to government project awards and transport-sector capital expenditure.
Factors to Consider When Investing in Navratna Companies in India
- Public Spending: Government capital expenditure directly influences infrastructure-linked CPSEs. The FY2026-27 public capex proposal of ₹12.2 lakh cr affects order pipelines across railways, construction, logistics, power and engineering businesses.
- Commodity Prices: Aluminium, iron ore, coal and energy prices affect revenue and margins across mining and resource-focused Navratnas. Commodity movements influence realised prices, input costs and the economics of new capacity.
- Project Awards: Railway and infrastructure companies depend on tendering and execution activity. Indian Railways received ₹2.78 lakh cr of Gross Budgetary Support for FY2026-27, shaping project opportunities across track, safety and logistics.
- Government Policy: Changes in CPSE autonomy, disinvestment, procurement, renewable-energy policy or sector regulation can alter business priorities. DPE continues to review Navratna and Maharatna status and governance frameworks through formal inter-ministerial processes.
- Capital Efficiency: Navratna eligibility itself considers operating and financial performance, so profitability, return on capital and execution remain important industry variables after designation. Status does not remove exposure to weaker earnings or inefficient investment.
To Wrap It Up…
Navratna companies remain a cornerstone of India’s economic development and present a promising investment option for those seeking stability and long-term growth. With strong fundamentals, state backing, and strategic importance, these companies offer potential returns. While they come with inherent risks, a well-informed approach can lead to successful Navratna companies’ investment outcomes. As always, consider individual financial goals, risk tolerance, and the broader market landscape before investing in Navratna companies’ stocks.
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Frequently Asked Questions About Navratna Companies
1. How are Navratna companies regulated?
The list of Navratna companies in India operates under the Department of Public Enterprises, which grants greater autonomy while requiring compliance with public-sector governance and performance guidelines.
2. What is the difference between Maharatna and Navratna companies?
A Navratna company has greater financial and operational autonomy than ordinary CPSEs, while Maharatna companies enjoy higher investment limits and broader decision-making powers.
3. How many Navratna companies are there in India?
As of 2026, the Navratna company list includes 26 companies that have received Navratna status under the Department of Public Enterprises framework.
4. Is it safe to invest in Navratna companies?
Investing in Navratna stocks involves market, sector and company-specific risks. Navratna status does not guarantee returns, so independent research remains important.
Disclaimer: This is for educational purposes only and should not be considered investment advice.
5. How do Navratna companies in 2025 contribute to the Indian economy?
Companies in the list of Navratna companies in India contribute through infrastructure development, employment, taxes, dividends, exports and investment across sectors such as power, mining, railways and logistics.
6. Is it good to invest in Navratna companies?
A Navratna company may benefit from greater operational autonomy, but investment outcomes still depend on earnings, valuations, sector conditions, government policy and company-specific execution.
Disclaimer: This is for educational purposes only and should not be considered investment advice.
7. What are the advantages of investing in Navratna Stocks?
Navratna stocks provide exposure to sectors such as mining, railways, power, logistics and infrastructure, while greater board autonomy can support faster investment and expansion decisions.
Disclaimer: These characteristics do not guarantee returns. Investors should conduct independent research before making investment decisions.
8. What are the risks of investing in Navratna Stocks?
Changes in Navratna PSU share prices can result from commodity cycles, project delays, policy changes, capital-intensive expansion, and sector concentration, despite the company’s Navratna status.
Disclaimer: Stock investments are subject to market and company-specific risks. This is for educational purposes only and should not be considered investment advice
9. How are Navratna Companies regulated and monitored by the government?
Every Navratna company remains a Central Public Sector Enterprise under its respective administrative ministry, while the Department of Public Enterprises monitors eligibility, performance ratings, governance and compliance requirements.
10. Can Navratna Companies raise funds independently for their projects and expansions?
Greater financial autonomy can allow a company to make certain financing and investment decisions independently, although movements in the Navratna company share price remain separate from these approval powers.
11. How do Navratna Companies contribute to the Indian economy?
The Navratna company list spans infrastructure, mining, power, transport, defence and financial services, contributing through capital expenditure, employment, taxes, dividends, exports and strategic capacity creation.
