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PSU Stocks: Top PSU Shares in India (2026)

PSU stocks represent government-owned companies listed on NSE across sectors such as banking, energy, defence, railways, and infrastructure. In 2026, the segment remains relevant because it combines exposure to strategic parts of the economy with distinct valuation, dividend, and policy-linked characteristics. As of 30 March 2026, the Nifty PSE remained concentrated in oil and gas, power, and capital goods, reflecting the sector mix that shapes PSU stock performance in India.

List of PSU Stocks in NSE (2026)

PSU Stock Screener

PSU Stock Screener: Analyse & Filter Indian Stocks on Tickertape

Showing 1 - 20 of 50 results

last updated at 6:30 AM IST 
NameStocks (50)Sub-SectorSub-SectorMarket CapMarket CapClose PriceClose PricePE RatioPE Ratio1D Return1D Return1M Return1M Return6M Return6M Return1Y Return1Y ReturnPB RatioPB RatioReturn on EquityReturn on EquityROCEROCEDividend YieldDiv YieldDebt to EquityDebt to EquityVolatility vs NiftyVolatility vs Nifty
1.State Bank of IndiaSBINPublic BanksPublic Banks10,07,337.3010,07,337.301,091.301,091.3012.9912.99-1.85-1.859.409.4017.3117.3133.5233.521.991.9916.5816.585.635.631.411.410.000.001.461.46
2.NTPC LtdNTPCPower GenerationPower Generation3,94,508.863,94,508.86406.85406.8516.8416.84-0.82-0.828.518.5119.9619.9612.5412.542.062.0613.1513.1510.7710.772.052.051.311.311.311.31
3.Oil and Natural Gas Corporation LtdONGCOil & Gas - Exploration & ProductionOil & Gas - Exploration & Production3,79,043.813,79,043.81301.30301.3010.4610.465.395.396.286.2820.2620.2620.2320.231.011.019.879.8711.4511.454.074.070.500.501.501.50
4.Bharat Electronics LtdBELElectronic EquipmentsElectronic Equipments3,18,523.613,18,523.61435.75435.7559.8659.860.030.038.378.375.375.3742.8542.8515.9315.9329.2929.2933.7533.750.550.550.000.001.911.91
5.Power Grid Corporation of India LtdPOWERGRIDPower Transmission & DistributionPower Transmission & Distribution2,96,689.262,96,689.26319.00319.0019.1119.11-0.59-0.598.808.8010.6710.673.393.393.203.2017.2617.2612.4012.402.822.821.411.411.501.50
6.Hindustan Aeronautics LtdHALAerospace & Defense EquipmentsAerospace & Defense Equipments2,90,341.982,90,341.984,341.404,341.4034.7134.710.720.7222.5622.56-8.11-8.11-1.92-1.928.308.3026.0926.0917.5117.510.920.920.000.001.871.87
7.Coal India LtdCOALINDIAMining - CoalMining - Coal2,87,799.412,87,799.41467.00467.009.269.263.203.205.295.2919.3219.3217.5917.592.882.8838.5338.5322.2822.285.735.730.090.091.521.52
8.Indian Oil Corporation LtdIOCOil & Gas - Refining & MarketingOil & Gas - Refining & Marketing2,05,308.682,05,308.68145.39145.3915.1015.10-0.59-0.598.428.42-5.91-5.916.526.521.071.077.177.179.559.552.062.060.800.801.771.77
9.Power Finance Corporation LtdPFCSpecialized FinanceSpecialized Finance1,58,866.901,58,866.90481.40481.406.916.911.371.3723.8823.8822.0022.0014.7414.741.021.0215.8915.893.463.463.283.286.266.261.981.98
10.Bank of Baroda LtdBANKBARODAPublic BanksPublic Banks1,38,504.591,38,504.59267.83267.836.696.69-2.25-2.255.655.65-3.29-3.296.056.050.940.9415.4315.437.477.473.133.130.000.001.991.99
11.Indian Railway Finance Corp LtdIRFCSpecialized FinanceSpecialized Finance1,37,402.271,37,402.27105.14105.1421.1321.13-0.41-0.4116.7416.74-14.36-14.36-17.32-17.322.612.6112.7712.771.401.401.521.527.837.832.152.15
12.Bharat Petroleum Corporation LtdBPCLOil & Gas - Refining & MarketingOil & Gas - Refining & Marketing1,33,517.511,33,517.51307.75307.7510.0110.01-1.57-1.5712.3212.32-9.66-9.66-0.73-0.731.641.6416.9916.9917.0517.053.203.200.750.751.941.94
13.Union Bank of India LtdUNIONBANKPublic BanksPublic Banks1,30,137.711,30,137.71170.48170.486.936.93-3.19-3.19-0.08-0.0815.9215.9232.6232.621.141.1417.0517.0512.0212.022.932.930.000.002.352.35
14.Punjab National BankPNBPublic BanksPublic Banks1,28,019.901,28,019.90111.39111.396.936.93-2.19-2.198.678.67-8.04-8.049.029.020.960.9615.1015.109.219.212.602.600.000.001.891.89
15.Canara Bank LtdCANBKPublic BanksPublic Banks1,24,358.631,24,358.63137.10137.107.097.09-2.43-2.438.098.095.485.4839.2639.261.171.1717.5617.568.408.402.922.920.000.002.052.05
16.Bharat Heavy Electricals LtdBHELHeavy Electrical EquipmentsHeavy Electrical Equipments1,23,512.271,23,512.27354.71354.71231.34231.341.761.7642.1142.1149.4549.4554.0154.015.005.002.172.174.144.140.140.140.360.362.412.41
17.Indian BankINDIANBPublic BanksPublic Banks1,20,701.441,20,701.44896.10896.1010.7210.72-1.81-1.815.225.225.075.0752.8452.841.691.6917.0917.0910.5310.531.811.810.000.002.172.17
18.Gail (India) LtdGAILGas DistributionGas Distribution1,08,935.921,08,935.92165.68165.688.758.75-0.04-0.0421.9921.99-7.16-7.16-12.49-12.491.281.2815.3315.3315.1415.144.534.530.250.251.721.72
19.Mazagon Dock Shipbuilders LtdMAZDOCKShipbuildingShipbuilding1,08,238.961,08,238.962,683.302,683.3044.8544.85-0.03-0.0326.5226.52-3.49-3.49-3.70-3.7013.6313.6334.0334.0334.5834.580.650.650.000.002.622.62
20.REC LtdRECLTDSpecialized FinanceSpecialized Finance98,956.5698,956.56375.80375.806.076.07-0.60-0.6020.2220.221.861.86-13.22-13.221.261.2621.5021.503.633.634.944.946.336.331.951.95

Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Selection criteria: Companies that are associated with the PSU sector in India, based on publicly available information. Sorted based on market capitalisation.

How to Invest in PSU Stocks?

Investing in best PSU stocks in India 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 PSU banks 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 PSU Stocks: Go to Tickertape Stock Screener and search for the ‘PSUy’ sector.
  3. Use Filters: You can apply over 200 filters to get stocks sorted based on criteria like market cap, P/E ratio.
  4. Analyse Stock Data: Tickertape provides comprehensive data on each stock, including financials, performance metrics, future projections, red flags, and more. You can review this data to assess each company’s health and potential in depth.
  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 decided on a stock, you can place a buy order through your brokerage account linked to Tickertape.

You can stay updated with each of your favourite stocks’ alerts and announcements with Tickertape Alerts. Further, you can analyse your overall portfolio and potential red flags in it by connecting it to Tickertape. Check out detailed analysis of your portfolio now!

Overview of the Top PSU Stocks in India

State Bank of India

SBI is India’s largest public sector bank, offering a full suite of banking services across retail, corporate, and digital segments. With deep rural reach and robust digital platforms, it plays a pivotal role in financial inclusion, credit expansion, and implementation of government-backed financial schemes.

Hindustan Aeronautics Ltd

HAL is India’s premier aerospace and defence PSU, manufacturing fighter jets, helicopters, and avionics systems. It plays a strategic role in India’s self-reliance in defence (Atmanirbhar Bharat) and partners with DRDO and global OEMs to build indigenous military aircraft and upgrade defence capabilities.

NTPC Ltd

NTPC is India’s largest thermal power producer and a diversified PSU venturing into renewables, nuclear, and hydrogen energy. As the backbone of India's power sector, it ensures stable electricity supply while spearheading the transition to a cleaner energy mix with ambitious green capacity targets.

Oil and Natural Gas Corporation Ltd

ONGC is India’s largest oil and gas exploration company. It oversees a majority of India’s crude oil and natural gas output, both onshore and offshore. As a key energy PSU, it drives domestic hydrocarbon production while investing in energy transition projects like green hydrogen.

Bharat Electronics Ltd

BEL is a leading defence electronics PSU that designs and manufactures advanced systems for India’s armed forces. Its portfolio includes radars, missile systems, and communication devices. It’s also expanding into EV infrastructure and semiconductor tech, supporting India's strategic autonomy in high-tech defence equipment.

What are PSU Stocks?

PSU stocks are shares of Public Sector Undertakings, which are companies where the Government of India holds a majority stake. These companies usually operate in sectors such as banking, energy, defence, railways, mining, and infrastructure. Their performance can depend on business fundamentals, government ownership, sector conditions, and policy decisions.

Types of PSUs in India

Maharatna Stocks

There are 11 Maharatna companies in India. In the past, these entities have been Navratna companies. Maharatna companies have the freedom to choose their investments; they can invest up to 15% of their net worth. Since these companies operate on a larger scale, they have an investment ceiling of ₹5,000 cr.

Navratna Stocks

Navratna companies have greater operational flexibility and freedom than Miniratna companies. Although Navratna companies can invest without the government's approval, there are certain limits on the amount they can invest. Such companies can invest up to ₹1,000 cr., or 15% of their net worth on a single project, or 30% of their net worth in the entire year, whichever is less.

Miniratna Stocks

There are 78 Miniratna companies in India. These companies are further divided into two categories: I and II. Miniratna category I companies can invest up to ₹500 cr. or the lesser of their net worth or ₹500 cr. On the other hand, Miniratna category II companies can invest ₹₹300 cr. or 50% of their net worth, whichever is lower. They don't require prior government approval to make investments.

Advantages of Investing in PSU Stocks

Dividend Visibility

PSU stocks often attract attention for dividend payouts. As of 31 March 2026, the Nifty PSE yielded 2.96% versus 1.39% for the Nifty 50, showing the segment's stronger income profile.

Lower Index-Level Valuation

At the index level, PSU stocks traded at lower valuation multiples on 31 March 2026. The Nifty PSE's P/E and P/B remained below the Nifty 50, indicating cheaper benchmark-level pricing.

Exposure to Strategic Sectors

PSU stocks provide listed exposure to sectors where government-owned companies remain significant. As of March 2026, the Nifty PSE was largely concentrated in oil and gas, power, and capital goods.

Strong Historical Index Performance

PSU-focused indices have delivered strong historical returns in recent years. By 31 March 2026, both the Nifty PSE and Nifty CPSE showed high three-year and five-year CAGR figures.

Risks of Investing in PSU Stocks

Policy and Ownership Risk

PSU stocks remain closely linked to government policy. Disinvestment, privatisation, and minority-stake sales can alter the ownership structure, market supply, and investor perception, especially outside designated strategic sectors.

Stake-Sale Overhang

Budgeted miscellaneous capital receipts of ₹80,000 cr for FY 2026-27 suggest continued scope for stake monetisation. Such actions can affect PSU stocks through supply pressure and ownership-related market expectations.

Higher Volatility Than the Nifty 50

PSU stocks can show larger price swings than the broader market. As of 31 March 2026, the Nifty PSE's one-year volatility stood above that of the Nifty 50 benchmark.

Sector Concentration Risk

PSU exposure is not evenly diversified across sectors. The Nifty PSE remained concentrated in energy, power, and capital goods, so sector-specific developments can materially influence the index's overall behaviour.

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Factors to Consider When Investing in PSU Stocks

Sub-Sector Differences

PSU stocks do not move as a single category. Different PSU segments can show very different returns and volatility, as seen in the gap between PSU bank performance and the broader PSE index.

Valuation Versus Yield

PSU stocks may differ from the broader market in both valuation and income profile. Lower P/E multiples and higher dividend yields can offer useful context when comparing them with benchmark indices.

Government Policy Path

Government policy remains central to PSU analysis. The distinction between strategic and non-strategic sectors under the disinvestment framework can influence ownership, business direction, and long-term market positioning.

Liquidity and Free-Float Changes

Minority stake sales can increase public shareholding and improve free float. Over time, these changes may influence liquidity, trading activity, and the market's perception of PSU valuations.

Dividend Dependence and Capital Allocation

Dividend policy remains an important consideration in PSU stocks. Government receipts from CPSE dividends show the segment's payout relevance, although past distributions do not assure future dividend trends.

Conclusion

As with any investment, PSU stocks can be studied only after a thorough review of their business and financial position. Investors can visit the Tickertape Stock Screener and use 200+ filters to sort through the top PSU stocks in India. They can also track the PSU index for today for a broader market context. Tickertape’s Stock Pages provide access to financials, holdings, and corporate actions for data-backed analysis.

Frequently Asked Questions on PSU Stocks

  1. What are PSU Stocks?

    PSU (Public Sector Undertaking) stocks represent shares of companies in which the Indian government holds a majority stake. These entities operate across various sectors, including banking, energy, defense, and infrastructure, playing a pivotal role in the nation's economic development. Investing in PSU stocks offers exposure to companies backed by government support and policies.

  2. How to invest in PSU Stocks?

    Here's how you can invest in PSU Stocks -
    1. Go to the Tickertape Stock Screener
    2. Click on 'PSU Stocks'.
    3. Analyse and sort the PSU Stocks using over 200+ filters—including valuation ratios, financials, technical indicators, and more—based on your investment thesis.
    4. Review the filtered list, and identify stocks that best align with your risk appetite, return expectations, and investment goals.
    5. Once you've shortlisted the stocks, click 'Place Order' to invest in your preferred PSU Stocks.

    Disclaimer: Please do your own research or consult your financial advisor before investing.

  3. What are some of the top PSU stocks companies listed on NSE?

    Top NSE-listed PSU Stocks in India include:
    1. BEML Ltd
    2. Bank of Baroda Ltd
    3. Bharat Heavy Electricals Ltd
    4. Central Bank of India Ltd
    5. Bharat Dynamics Ltd

    Disclaimer: Please note that the above PSU stock list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.

  4. What are the factors affecting PSU stocks prices?

    PSU bank share prices in India are influenced by several factors:
    1. Government Policies: Decisions on subsidies, divestment, and regulatory changes can impact performance.
    2. Economic Indicators: Inflation, interest rates, and GDP growth affect profitability and investor sentiment.
    3. Global Market Trends: Fluctuations in commodity prices and international demand can influence revenues.
    4. Operational Efficiency: Management practices and technological advancements play a role in competitiveness.
    5. Investor Perception: Public trust and market confidence can sway stock valuations.

  5. What is the future projection of PSU stocks?

    Sectors like infrastructure, power, defense, and railways are expected to thrive due to increased government focus and investment. Public sector banks have shown significant profit growth, contributing to the banking sector's highest-ever profits in FY25. However, challenges remain, and investors should consider sector-specific dynamics and broader economic trends when assessing future performance.

    Disclaimer: This is only for educational purposes as the latest data is derived from major financial research reports.

  6. How to choose PSU stocks for investing?

    Public Sector Undertakings (PSUs) operate in key areas like oil, power, defense, and banking. Analysts typically consider dividend history, operational efficiency, and strategic reforms such as disinvestment when evaluating PSUs, particularly in the context of broader economic policy shifts.

    Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

  7. Do PSU stocks offer regular dividends?

    Many PSU stocks are known for regular dividend payouts. For instance, Coal India Ltd declared a final dividend of ₹5.60 per share for FY25, maintaining a dividend yield of around 7%. Similarly, ONGC and BPCL have offered dividend yields of approximately 6% during the same period. These consistent dividends make PSU stocks attractive to income-focused investors.

    Disclaimer: The latest data on top PSU dividend stocks is derived from Tickertape Stock Screener.

  8. Are PSU stocks a good long-term investment?

    Public Sector Undertakings (PSUs) often offer stable dividends and operate in key sectors like oil, power, and banking. Long-term performance varies based on reforms, efficiency, and policy support.

    Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.