List of Navratna Companies on NSE

What are Navratna Companies?

Navratna companies are part of the Central Public Sector Enterprises (CPSEs) of India. These are classified based on their financial performance and the strategic importance of Navratna companies. 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

1. Hindustan Aeronautics Ltd: India’s premier aerospace company designing, manufacturing, and maintaining aircraft, helicopters, aero-engines, and avionics for defence forces through 21 divisions and 9 R&D centres nationwide.
2. Bharat Electronics Ltd: Defence electronics manufacturer established in 1954, producing advanced electronic equipment, radars, communication systems, and avionics primarily for Indian defence services, with 81% revenue from the defence sector.
3. Rail Vikas Nigam Ltd: Railway infrastructure development company implementing rail projects, including new line construction, doubling, electrification, and station redevelopment, with ₹1.2 trillion order book and 15.2% revenue growth.
4. NMDC Ltd: India’s largest iron ore producer and exporter, mining over 45 million tonnes annually from mechanised mines in Chhattisgarh and Karnataka, plus operating India’s only mechanised diamond mine.
5. Container Corporation of India Ltd: India’s leading multimodal logistics company operating 61 ICDs/CFSs nationwide, providing containerised freight transportation primarily by rail with 5.4 million TEU throughput and ₹15,666 crores revenue.

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:

1. Open a demat/trading/stockbroker account. You can open a demat account with smallcase!
2. 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. 
3. Place a ‘Buy’ Order on the top Navratna stocks of your choosing.

Navratna Companies 2025 Eligibility Criteria

• Strong Financial Performance: The company must score at least 60 out of 100 in parameters such as net profit, net worth, total cost of production, total cost of services, cost of human resources, and profit before interest and taxes.
• Miniratna Status: The company should already have Miniratna Category I status to be in the Navratna shares list, reflecting its financial stability and operational autonomy.
• Navratna Companies Performance Evaluation: To retain their Navratna status, companies in India must continue to demonstrate exceptional performance in production, customer satisfaction, market expansion, and management quality.

Only companies that meet this criteria and are approved by the DPE are granted Navratna status.

Benefits of Investing in Navratna Companies

• Increased Autonomy: India Navratna company list boasts greater financial independence and decision-making authority, allowing them to invest up to ₹1,000 cr. or 15% of their net worth on a single project without government approval.
• Navratna Companies Operational Flexibility: They can form Navratna companies’ joint ventures, engage in mergers and acquisitions, and expand internationally with limited governmental oversight.
• Access to Capital Markets: Navratna companies of India can raise funds through the capital markets, providing them with the liquidity needed for expansion. 

• Stable Returns: Navratna companies in the Navratna shares list often operate in core sectors and receive consistent government support, which helps them offer stable returns.
• Lower Risk: These companies in the Navratna shares list have robust fundamentals, high asset bases, and strategic importance, reducing the risk for investors.
• Dividend Income: Navratna companies typically distribute substantial dividends, providing regular income to shareholders. However, dividend payments are not guaranteed and may vary based on company performance and government policies.
• Long-Term Growth: With Navratna companies’ financial autonomy and strong government backing, these companies are potentially positioned for steady long-term growth.

Risks of Investing in Navratna Companies in India

• Regulatory Interference: Despite their autonomy, the companies are not fully independent and may face governmental intervention that can affect the Navratna companies’ market performance.
• Economic Downturns: As government-owned companies, even the best Navratna stocks in India are subject to policy changes and economic conditions that may impact their profitability.
• Limited Innovation: The public sector often adopts new technologies and processes more slowly than private firms, which could constrain short- to medium-term growth while long-term prospects remain tied to government projects and strategic initiatives.

Factors to Consider When Investing in Navratna Companies in India

• Government Policies: Changes in government policies or budget allocations can directly impact the list of Navratna companies in India.
• Market Trends: Staying updated on industry trends can help you understand the company’s future prospects.
• Financial Health: You can review the company’s balance sheet, debt levels, Navratna company share price and cash flows to assess financial stability.
• Management: The quality of leadership plays a crucial role in the performance of Navratna companies and, consequently, the Navratna companies’ share prices.

• Industry Sector: You can also look into Navratna companies’ sectors with growth potential, such as energy, telecommunications, or infrastructure.
• Dividend History: The list of Navratna companies in India often offers stable dividends, making them attractive for income-focused investors.