Last updated: November 20th, 2024
Maharatna companies in India are known for their strong market presence and strategic importance to the national economy. This is the recognition that is honored by the Indian government.
These companies are instrumental in driving economic growth and are known for their stable returns. But which are the top Maharanta companies to invest in? Well, read this guide to find the answer.
Maharatna companies represent a significant opportunity for investors seeking reliable and sustained growth. These top-tier PSUs not only play a pivotal role in India’s economic framework but also offer robust dividends and financial stability.
Maharatna Companies: A Quick View
A Maharatna company is a government-owned corporation in India. These are known for their large size and critical role in the economy. These companies are industry leaders responsible for driving growth in the country. The Maharatna companies are as follows:
- Bharat Heavy Electricals Limited (BHEL)
- Bharat Petroleum Corporation Limited (BPCL)
- GAIL India Limited (GAIL)
- Coal India Limited (CIL)
- Hindustan Petroleum Corporation Limited (HPCL)
- Steel Authority of India Limited (SAIL)
- National Thermal Power Corporation (NTPC)
- Rural Electrification Corporation Limited (REC)
- Power Finance Corporation (PFC)
- Power Grid Corporation of India Limited (POWERGRID)
- Indian Oil Corporation Limited (IOCL)
- Oil & Natural Gas Corporation Limited (ONGC)
- Oil India Limited (OIL)
Top Maharatna Companies to Invest in India
A few stand out when planning to invest in the Maharatna stocks. These are known for their stable dividend payouts and growth.
| Company | Market Cap (₹ Cr.)As of Nov ‘24 | Dividend Announced (FY24) |
| REC | ₹1,36,440 | ₹3.50 |
| BHEL | ₹81,254 | ₹0.25 |
| ONGC | ₹3,33,692 | ₹2.50 |
| NTPC | ₹3,88,691 | ₹3.25 |
| SAIL | ₹47,047 | ₹2.00 |
1. Rural Electrification Corporation Limited (REC)
As a Maharatna PSU under the Ministry of Power, REC is a pivotal financier in India’s power sector. It supports a broad spectrum of projects, including generation, transmission, and distribution.
With robust operations and strategic financing, it now has 22 offices nationwide. REC’s financial prowess is evidenced by a strong dividend of ₹3.50 per share. This highlights its significant sectoral impact and solid financial health.
2. Bharat Heavy Electricals Limited (BHEL)
BHEL stands at the forefront of India’s heavy engineering sector. Specializing in the manufacturing of electrical and industrial equipment, BHEL supports crucial industries like power generation and infrastructure.
Its commitment to innovation and quality is reflected in a steady dividend payout of ₹0.25 per share, highlighting its operational success and financial stability.
3. Oil & Natural Gas Corporation Limited (ONGC)
ONGC is a central public sector enterprise under the Ministry of Petroleum and Natural Gas in India. Its extensive operations not only ensure energy security but also contribute significantly to the country’s energy independence.
The company recently declared a dividend of ₹2.50 per share.
4. National Thermal Power Corporation (NTPC)
NTPC is India’s largest energy conglomerate, operating under the Ministry of Power. Owing to its performance and reach, NTPC share value reached its 52-week high on 30 September 2024 at ₹448.45.
NTPC operates with a diverse portfolio that includes thermal, hydro, and renewable energy sources. Its effective management and operational efficiency are showcased by a recent dividend of ₹3.25 per share.
5. Steel Authority of India Limited (SAIL)
SAIL is a key player in the Indian steel industry, with a market cap of ₹57,620.83 Cr. As a leading steel producer, SAIL is integral to critical infrastructure and development projects across the nation.
Its strong financial health is evidenced by a consistent dividend payout, most recently ₹2.00 per share, demonstrating its performance and strategic importance in the market.
Conclusion
Maharatna companies represent a significant opportunity for investors seeking reliable and sustained growth. These top-tier PSUs not only play a pivotal role in India’s economic framework but also offer robust dividends and financial stability.
You can benefit from their expansive operations and strategic market presence. For those looking to diversify their investment portfolio, closely analyzing these companies can help secure long-term financial success.