List of Best Stocks with Majority Stake Held by Government of India: In this article, we’ll look into the public sector companies in India or those public stocks where majority stakes are held by the central and state government.
We are categorizing these stocks not particularly on financials, but based on their latest market cap. Having the majority stake held by the government, these companies are comparatively less volatile and stable in terms of market actions.
Please note that we are not considering PSU Banks. The PSU Banks like SBI, Bank of India, PNB, IOB, etc also have a majority of stake in the government. However, the government is also planning to privatize these PSU banks soon and reduce their stakes. These companies are not included in this list.
Now, let’s start with our list of top stocks with a majority stake held by the government. Keep reading to find out.
Top 12 Stocks with Majority Stake Held by Government
Here are the top stocks with a majority stake held by the government ranked based on their current market cap along with their industry and business details:
1. ONGC
Oil and Natural Gas Corporate of India is an oil exploration company in India with a market cap of Rs 2,10,216 Cr. It is a government-owned crude oil and natural gas corporation. ONGC is currently trading at a PE of 4.97. Maharatna ONGC is the largest crude oil and natural gas company in India, contributing around 71 percent to Indian domestic production.
Further, ONGC holds subsidiary companies like Hindustan Petroleum, Mangalore Refinery and Petrochemical, Imperial Energy Corporation, and more.
2. NTPC
NTPC or National Thermal Power Corporation Limited is a power generation and distribution company in India with a market cap of Rs 1,74,006 Cr and is currently trading at a PE of 9.82. It is government-owned and is engaged in the business of generation of electricity and allied activities
3. Powergrid
Powergrid Corporation of India is a power generation and distribution company with a market cap of Rs 1,73,409 Cr. and is currently trading at a PE of 11.10. It is an Indian government electricity board and a Maharastra public sector undertaking that is owned by the Ministry of Power, GOI.
4. Coal India
Coal India is a mining and mineral refinery-based company with a market cap of Rs 1,45,563 Cr and is currently trading at a PE of 5.18. It is also the world’s largest coal-producing company in the world. It is owned by the Union Government of India and is managed by the Ministry of Coal. The company distributes up to 82% of the total coal production in India.
5. Bharat Petroleum
Bharat petroleum corporation limited is another refinery-based company in India with a Marketcap of Rs 80,750 Cr and is currently trading at a PE of 0. It is also owned by the Ministry of Petroleum and Natural Gas and has two of its biggest refineries in Kochi and Mumbai.
6. Indian Oil
Indian oil corporation (IOCL) is a refinery company in India with a market cap of Rs 1,18,604 Cr and is currently trading at a PE of 19.29. It is owned by the Ministry of Petroleum and Natural Gas. India Oil is a Fortune 500 company and has retained the top spot as India’s highest-ranked PSU in Fortune 500 listings for 2021. They own +32,000 fuel stations (petrol pumps) spread across India.
7. GAIL
Gail is a Natural gas and transmission company in India with a market cap of Rs 71,832 Cr and is currently trading at a PE of 8.52. It is owned by the Ministry of Petroleum and Natural Gas, GOI. It is responsible for natural gas processing and distribution in India.
8. Concor
Container Corporation of India (CONCOR) is a container and logistics-based company in India with a market cap of Rs 39,095 Cr and is currently trading at a PE of 33.93. It is a public-sector undertaking managed by the Indian Ministry of Railways.
The company was set up in 1966 with the aim of containerizing cargo transport. Concor’s core business includes cargo carriers, terminal operators, warehouse operators, and MMLP operations.
9. Hindustan Petroleum
Hindustan Petroleum Corporation Limited (HPCL) is a refinery-based company in India with a market cap of Rs 36,662 Cr and is currently trading at a PE of 4.53. It was formed in 1974. HPCL is the second-largest petroleum pipeline network in India with a network length of 3,775 km. It enjoys an 18% market share in India and has a strong presence in the refining and marketing of petroleum products in the country.
10. Power Finance Corporation
Power Finance Corporation Ltd is engaged in extending financial assistance to the Indian power sector. It has a market cap of Rs 43,455 Cr and is currently trading at a PE of 3.01. It is a Systemically Important Non-Deposit taking NBFC registered with the RBI as an Infrastructure Finance Company.
11. NMDC
National Mineral Development Corporation or NMDC is an Iron ore company that is involved in Mining & mineral industry. NMDC has a market cap of Rs 31,665 Cr and is currently trading at a PE of 6.16. It is under the administrative control of the Ministry of Steel, GOI.
12. IRCTC
Indian Railway Catering & Tourism Corporation Ltd was incorporated on 27th September 1999 as an extended arm of the Indian Railways to upgrade, professionalize and manage the catering and hospitality services at stations, on trains, and other locations and to promote domestic and international tourism. It has a market cap of Rs 50,112 Cr and is currently trading at a PE of 53.26.
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Closing Thoughts
In this article, we looked into top stocks with majority stakes held by the government in India. Apart from the above-mentioned stocks, there are many other stocks where the government has major stakes BHEL, Oil India, HAL, IRCTC, NALCO, NHPC, Hindustan Zinc, NBCC, SJVN, and more.
That’s all for this post. Comment below which is your favorite stock in this list of best stocks with a majority stake held by the government in India in the comment section below. Have a great day and Happy Investing.
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