Markets
BSE See NSE See 26,397.71
-604.51 (-2.24%)

Top Five Navaratnas Of India

| 8/10/2012 7:00 PM Friday

After last week’s slideshow on India’s top five ‘Maharatnas’ status companies, we are continuing the subject with the top five Navaratnas. We have categorised the companies according to their market capitalisation. The difference between a Maharatna and a Navaratna company is that the former needs to be listed on the bourses, while the same is not applicable in case of the Navaratnas. However, in all, there are 14 Navaratna companies, of which only one company i.e., Hindustan Aeronautics is not listed, while the rest are listed on the bourses.

The benefits that the Navaratna companies get include the autonomy of Rs 1,000 crore, when they have to take any investment-related decision. Of these five companies, only NMDC has a government stake to the tune of 90 per cent, while the other four have government stake below 80 per cent. All of them are somewhat related to the energy sector either by dint of manufacturing equipment (BHEL) or energy transmission (Gail, Power Grid) or mining (NMDC and Oil India). Except for BHEL, all the other stocks in this list have been trading in the positive at the time of writing this report. Two companies from this list, namely BHEL and GAIL, have also applied for Maharatna status, the approvals being still under consideration.


Rank

Company

Sector

Market Cap

1

NMDC Ltd.

Mining

72,812

2

Bharat Heavy Electricals Ltd.

Manufacturing

56,098

3

Power Grid Corporation of India Ltd.

Electricity

55,325

4

GAIL (India) Ltd.

Manufacturing

46,857

5

Oil India Ltd.

Mining

29,094


NMDC

NMDC is one of the Navaratna companies owned by the government with a stake of 90 per cent and is the single-largest producer of iron ore in the country. Presently the company produces about 30 million tonnes of iron ore every year. It has three fully mechanised mines located in Bailadila in the state of Chhattisgarh and at Donimalai in Karnataka. The company has consistently paid dividend of Rs 2.15 for the last many years. For the latest quarter i.e. March 2012, the company has reported subdued numbers. The net sales of the company declined by 8 per cent to Rs 2,594 crore while the net profit has fallen by 12 per cent to Rs 1,642 crore. However, the stock price has jumped up by 13 per cent on an YTD basis to Rs 182.70.

Bharat Heavy Electricals Ltd.

Established in 1964, the company now holds a very dominant position as an integrated manufacturer in the power plant equipment market. It is also in the business of design, engineering, manufacturing, construction, testing, commissioning and servicing of a variety of products and services in various sectors apart from power such as transportation, renewable energy, oil & gas, etc. It has more than 150 project sites across India as well as abroad. The Government of India is a major shareholder in the company, owning 67.72 per cent of the total outstanding shares. With its dividend of Rs 6.40 per share in FY12 the company had a dividend yield of 3 per cent. This accounted for a dividend of Rs 1,060 crore in FY12. The dividend that it paid in FY12 was lesser than the earlier years due to the worrisome outlook for the capital goods’ sector. On an YTD basis this scrip is down by 3 per cent.

Power Grid Corporation India Ltd.

Power Grid Corporation (PGCIL) is the country’s largest power transmission company. It is responsible for inter-state transmission of electricity in India and owns and operates over half of the transmission network in the country. PGCIL is the most preferred share in the power sector as the company remains insulated from fuel shocks. Besides, it also partially remains free from any of the distribution losses. As it is a PSU, the Government of India owns 69.42 per cent of the shares in the company. On an YTD basis this scrip is up by 20 per cent. As for the CMP, it has a dividend yield of 2 per cent which provided the government a total dividend of Rs 658 crore in FY12. In that same year the company reported total revenues of Rs 10,035 crore with net profit of Rs 3,255 crore. The latest June quarter results saw PGCIL posting a healthy 31 per cent rise to Rs 2,888 crore in the revenues with a 23 per cent rise in net profit to Rs 870 crore.

GAIL India Ltd.

GAIL (India) Ltd was incorporated on August 16, 1984 as a public limited company with the name Gas Authority of India Ltd. It is the country’s flagship natural gas company, integrating all aspects of the natural gas value chain, including exploration & production, processing, transmission, distribution and marketing as well as related services. Of the total shareholding, the government currently holds 57.34 per cent of the shares. If GAIL gets the Maharatna status it has applied for, it will give it better financial autonomy. For FY12 the topline of the company increased by 24 per cent to Rs 40,397 crore while the bottomline of the company grew by a meagre 2 per cent to Rs 3,653 crore. The current dividend yield of the stock is more than 2 per cent. On a YTD basis the stock has given a negative return of around 5 per cent and is currently trading at a price to earnings multiple of 13 times.

Oil India Ltd.

Oil India Limited, in terms of total proved plus probable oil and natural gas reserves and production, is the second-largest oil & gas company in India. The company’s operations are spread across exploration, services in drilling, pipelines and production of oil & natural gas. The projects of the firm are located in India, Iran, Gabon, Libya, Nigeria and Sudan. The Government of India is the major shareholder with 78.43 per cent of the total outstanding shares. With a dividend yield of 7.75 per cent, the stock yielded the government approximately Rs 707.2053 crore in FY11. In FY12 the company’s net sales from operations stood at Rs 9,518.81 crore and the net profit at Rs 3,469.18 crore. The scrip has seen a capital appreciation of 0.88 per cent on an YTD basis.

View more:

Find More Articles on: Markets, DSIJ Mindshare, DSIJ Others, Slide Shows, Corporate Trends

rite aid coupons online click get free coupons
reasons why women cheat why do wifes cheat signs of infidelity
types of women who cheat insight.nestingen.com women cheat on men
abortion clinics los angeles site how early can you terminate a pregnancy
abortion clinics los angeles site how early can you terminate a pregnancy
abortion clinics los angeles maryaltmansblog.com.nobullsoftware.com how early can you terminate a pregnancy
abortion should be illegal emretas.net how much abortion cost
apps for tracking cell phone location go spyware cell phones
prescription discount card cvs coupon deal cvs photo promo codes
abortion options what happens when you get an abortion average cost of abortion
tracking sms on cell phones ps4haber.com text tracking app
abortion clinics in the bronx abortion surgery natural ways to terminate pregnancy
gabapentin 600mg internetsellout.com sildenafil citrate 25mg
viagra discounts coupons markthrice.com prescription drug coupons
abortion pill abortion pill abortion pill
best cell phone spy software searchengineoptimization-seo.net spy gps
what to do when your wife cheated on you click wives who want to cheat
what to do when your wife cheated on you open wives who want to cheat
my boyfriend cheated now what gpatterson.com has my boyfriend cheated on me quiz
dating for married people married and want to cheat how to know if wife has cheated
my ex girlfriend cheated on me blog.artistamobile.com i had a dream my girlfriend cheated on me
unconscious sex stories tolobel.com american sex stories
why people cheat in marriage why do men have affairs cheat
rite aid coupons online click get free coupons
walgreens prints coupon go rx discount
pet rx coupons thatsphucked.com coupon for medication
reasons why women cheat why do wifes cheat signs of infidelity
spyware for phones free site free spyware for cell phone
pfizer viagra coupons read coupons for viagra printable
pfizer viagra coupons read coupons for viagra printable
abortion clinics los angeles first trimester abortion procedure how early can you terminate a pregnancy
mobile tracking app click cell spy phone
apps for tracking cell phone location go spyware cell phones
abortion clinics in the bronx http://abortionpill-online.com natural ways to terminate pregnancy
discount prescription card go rx.com coupons
cvs new prescription coupon click prescription discount card
diprolene site synthroid 200mcg
discount coupon for viagra coupons viagra canada drug pharmacy coupon
discount coupon for viagra blog.alpacanation.com canada drug pharmacy coupon
canada drug pharmacy coupon softballspa.com discount prescription coupons
free prescription drug cards prescription drug coupons prescription coupon
collapse Related Readings collapse
medication coupon free coupons printable online discount pharmacy
medication coupon free coupons printable online discount pharmacy
spyware for phones free mealmixer.com free spyware for cell phone
types of women who cheat insight.nestingen.com women cheat on men
mobile tracking app click cell spy phone
abort clinic site abortion clinics in washington dc
apps for tracking cell phone location open spyware cell phones
prescription discount card deal at cvs cvs photo promo codes
apps for tracking cell phone location open spyware cell phones
tracking sms on cell phones sms text spy text tracking app
discount prescription card walgreens prints coupon codes rx.com coupons
discount prescription card go rx.com coupons
finasteride 1mg verkossa finasteride 1mg propecia
gabapentin 600mg internetsellout.com sildenafil citrate 25mg
viagra.com coupons gallaghermalpractice.com prescription drugs coupons

DSIJ
Mindshare

Quess Corp: To Buy or not?

Quess Corp: To Buy or not?

Quess Corp plans to raise capital of Rs 400 crore through fresh issue of shares in the range of Rs 310.00 – Rs 317.00 per equity share. The bid lot size is 45 shares. Quess Corp is a leading integrated business services provider. It provides services in IT & maintenance, HR & staffing, Training, compliance management, facility management and plant and machinery maintenance.

Parag Milk Foods' profit margins boosted in Q4FY16

Parag Milk Foods' profit margins boosted in Q4FY16

Parag Milk Foods (PMFL) has declared its fourth quarterly results on Friday after market hours. The company’s revenue has increased by 19.62 per cent to Rs 414 crore in Q4FY16 as compared to same period in previous financial year. 

SEBI tightens the screws on PACL

SEBI tightens the screws on PACL

Nirmal Singh Bhangoo, the founder of Pearl Agrotech Corporation Ltd (PACL) was earlier arrested by the CBI in Jan 2016, for one of the country’s biggest financial scandals. The arrest was announced nearly 17 months after SEBI’s order.

Brexit – a hurdle to Indian Stocks

Brexit – a hurdle to Indian Stocks

Brexit waved off the entire stock market system across the globe. Indian markets too faced a serious setback but managed to recover above the levels where they opened. There were few stocks which gave a drastic impact and are likely to get impacted to a greater extent with the coming sessions.

BREXIT impact on crude oil prices

BREXIT impact on crude oil prices

The Brent crude oil prices are trading at 47.97 with a reduction of about 5 per cent on June 24. The UK has about just 1.6 per cent of world oil demand, so crude should not be too affected by a BREXIT.

Overnight Digest – Stocks to look out for on June 27

Overnight Digest – Stocks to look out for on June 27

The stocks which could witness significant movement on June 27 are Tata Motors, Godrej Properties, Zuari Agro Chemicals, Bharti Airtel, Bharat Petroleum Corporation/Hindustan Petroleum Corporation/Mangalore Refinery & Petrochemicals.

Indices Bleed: Sensex, Nifty recover from lower ends

Indices Bleed: Sensex, Nifty recover from lower ends

The Indian markets witnessed another black Friday session after a long time. However benchmark indices took vital supports on the lower levels. From the bottom level Nifty almost recovered 161 points and Sensex by 486 points. While at the end on the trade Sensex fell by more than 600 points and ended at 26397. The Nifty ended down by 181 points to close at 8088 level. Both the indices closed down by more than 2.2 per cent each.

BREXIT: FM chunts GST mantra from China, Guv assures liquidity support from Switzerland

BREXIT: FM chunts GST mantra from China, Guv assures liquidity support from Switzerland

Amid BREXIT fever and fear, Narendra Modi government now puts process to ensure a smooth passage to pending GST Bill on a fast forward mode. Hours since Britain opted for ‘Leave’ the European Union amid much depression worldwide, Finance Minister and a close political colleague of India’s Prime Minister, Arun Jaitley indicated here onwards, his government’s priority will be to clear the mess around GST Bill and turn into a law. 

Max Financial turns green in volatile market

Max Financial turns green in volatile market

Max Financial Services Ltd., has turned green in the volatile market. Global Markets got a firm setback on Friday as the UK voted for BREXIT. The markets all over the world have dipped by a significant margin. On the other hand, Max Financial Services has decided to go for a sole rally in the Indian equity market.

Cameron set to ‘LEAVE,’ Indian govt. assures preparedness

Cameron set to ‘LEAVE,’ Indian govt. assures preparedness

As the British Prime Minister David Cameron has expressed his willingness to step down as the head of the country following ‘Leave’ verdict embracing the victory, experts feel Indian markets will have no much reasons to worry in coming few weeks as Britain holds only around 3 per cent of world’s economy. 

Subscribe to
Newsletter

news letter

More for the early bird.

Get the post-market reports and breakfast news right in your inbox. See latest »

Market
CHIT CHAT

What is your view on markets today?

200  Characters Remaining.
Please LOGIN  to post your comments or Click here to go back.
Mitesh Thakur Jun 25 09:15PM
i placed order now at 9:14 when will it get completed and shares will appear in my portfolio
rahul sharma Jun 24 04:19PM
amol salunke , there isnt a sure shot way to find out when a share has reached support level , only educated guess is possible .
Amol salunke Jun 24 03:58PM
Rechal Sharma how u know stock reach its support level
Konan Beg Jun 24 03:48PM
i earned 50,000 in second half
Adwait Dhavalikar Jun 24 03:47PM
Rechal Sharma how do we find out when will stock reach its support level