List of Miniratna Companies in India (2025)

Overview of the Top Miniratna Companies Stocks

Indian Railway Finance Corp Ltd

Indian Railway Finance Corporation Ltd (IRFC) raises funds through bonds and term loans to finance Indian Railways' rolling stock purchases, infrastructure projects, and capacity expansion.

Mazagon Dock Shipbuilders Ltd

Mazagon Dock Shipbuilders Ltd is India's top shipyard, building and repairing warships, submarines, and commercial vessels. It is key to strengthening the country's naval defense.

NHPC Ltd

NHPC Ltd leads India’s hydropower production by developing, operating, and maintaining hydroelectric projects nationwide. It also diversifies into solar and wind energy.

Rail Vikas Nigam Ltd

Rail Vikas Nigam Ltd (RVNL) executes rail infrastructure projects like track doubling, electrification, metro systems, and station upgrades, supporting Indian Railways' growth.

Indian Railway Catering and Tourism Corporation Ltd

Indian Railway Catering and Tourism Corporation Ltd (IRCTC) manages online ticketing, catering, and tourism services for Indian Railways, including e-ticketing, onboard meals, packaged water, and travel packages.

What are Miniratna stocks?

Miniratna stocks are shares of Central Public Sector Enterprises (CPSEs) that have been granted Miniratna status by the Government of India for showing consistent financial performance and earning capacity.

This status gives them greater operational and financial autonomy compared to regular PSUs, but less than Navratna and Maharatna companies.

As per the latest update, there are 78 Miniratna companies in India. The Miniratna stocks fall under two categories – I and II. To be qualified as a Miniratna, certain conditions must be met:

For Category I Miniratnas: The company must have earned continuous profits in the last 3 yrs. Moreover, they should have earned a pre-tax profit of Rs 30 cr. or more in at least one of the three previous years. There are currently 63 such CPSEs.
For Category II Miniratnas: The company must have made a continuous profit over the past 3 yrs and maintained a positive net worth. The present number of such CPSEs is 15.

The benefit of this status comes in the form of improved efficiency and competitiveness. It also gives these companies the freedom to utilise funds based on predetermined limits.
Category I Miniratna can invest up to Rs 500 cr or an amount equal to their net worth, whichever is less.
Category II Miniratnas have the option to invest Rs 300 cr or 50% of their net worth, whichever is lower.

This investment can be made without prior approval from the government. Due to this, many opportunities have opened up for these organisations. There is also wider scope and support to these companies for expansion.

What is the Impact of Miniratna Status?

There are many benefits that these titles bring apart from financial freedom and autonomy. In a country like India, that could be a make or break point for companies overviewed by the government. Moreover, they get empowered to improve organisational performance without government meddling in the company's affairs This, in turn, leads to better structure, job opportunities, and payscale. It also aids in a greater emphasis on the training and development of employees.

In terms of growth, these companies get the opportunity to expand at a faster rate. They are free to enter into joint ventures and mergers. They also have the option to take over other organisations and form subsidiaries. They are also free to raise debt in the domestic market, as well as from foreign sources, subject to RBI approval. The government is actively working to make these companies global giants.

How to Invest in Miniratna Companies Stocks?

Investing in Miniratna Companies stocks using Tickertape is a straightforward process. Tickertape is a powerful stock analysis and screening tool that helps you make informed investment decisions. Here’s how you can use Tickertape to invest in Miniratna Companies stocks:

1. Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.


2. Search for Miniratna Companies Stocks: Go to Tickertape Stock Screener and search for Miniratna Companies stocks.


3. Use Filters: You can apply over 200 filters to get stocks sorted based on criteria like market cap, P/E ratio, or dividend yield. You can create your own custom filter if your preferred parameters are not available. This can help you narrow down the top Miniratna Companies stocks in India.


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5. Add to Watchlist: You may keep track of potential investments by adding them to your watchlist.


6. Invest Through Your Broker: Once you’ve identified Miniratna Companies stocks that align with your investment thesis, you can place a buy order through your brokerage account linked to Tickertape.



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Conclusion

Miniratna is not an ordinary label assigned to random companies. After meeting a long list of criteria, are few companies awarded these prestigious statuses. Miniratna enjoys autonomy in decision-making and an excellent reputation in the markets. They function more efficiently with minimum to zero government interference.

More companies are coming forward to qualify themselves under these statuses. However, if you plan on investing in these companies, do make sure you research well about their future prospects.