IRCTC, IRFC Join India’s NAVRATNA Club; Shares In Focus; See the Complete List of Navratna & Maharatna CPSEs.

The Government of India granted Navratna status to Indian Railway Catering and Tourism Corporation (IRCTC) and Indian Railway Finance Corporation (IRFC) on March 3rd, 2025. This newest upgrade makes IRCTC the 25th and IREC the 26th Navratna Central Public Sector Enterprises (CPSEs). Following the announcement, IRFC shares today witnessed a surge while IRCTC shares are trading flat in the overall down market.

How Do Stocks Qualify for Maharatna and Navratna Status?

The Central Public Sector Enterprises (CPSEs) in India are divided into three categories, which include Miniratna, Navratna, and Maharatna. This classification is based on their financial performance, size, and strategic importance. Currently, there are 14 Maharatna CPSEs, which are publicly listed companies with an average annual turnover exceeding Rs. 25,000 crore over the past three years. To qualify for Maharatna status, a company must already hold Navratna status, be listed on Indian stock exchanges, and meet shareholding norms. Additionally, it must have an average annual net worth of over ₹15,000 crore and a net profit exceeding ₹5,000 crore in the past three years, along with significant global operations.

The Navratna status, on the other hand, is granted based on six financial and operational parameters, including profitability, capital efficiency, and inter-sectoral performance. Companies scoring 60 or more across these criteria are eligible for Navratna recognition as per CNBC. The Navaratna companies operate in major sectors in India, like defense, aerospace, steel, mining, and infrastructure, playing a very important role in India's economic growth.

IRCTC share prices today

After receiving the Navratna status upgrade on March 3, IRCTC shares this morning rose 0.13%, currently trading at Rs. 675.75 at the time of writing. IRCTC share prices, however, have been declining lately and have lost nearly 13% in the past 30 trading sessions due to broader market volatility.

IRCTC reported an annual turnover of Rs. 4,270.18 crore, with a PAT of Rs. 1,111.26 crore and a net worth of Rs. 3,229.97 crore for FY 2023-24 as per official data. The company's market capitalization currently stands at Rs. 54,250 crore as of March 4.

IRFC Share Price Today

The Indian Railway Finance Corporation (IRFC) also entered the Navratna clan, which boosted the investor sentiment greatly. IRFC shares surged 3.50% to Rs. 115.02 at the time of writing on March 4.RFC stock has been on a downtrend, losing 16.68% in the past month, 35% in six months, and 25% year-to-date due to market corrections and profit booking.

As per official data, this CPSE reported an annual turnover of Rs. 26,644 crore and a net worth of Rs. 49,178 crore for FY 2023-24. The company's market capitalization currently stands at Rs. 1.49 lakh crore as of March 4th.

Comprehensive list Of Maharatna and Navratna CPSEs in India

List of Navratna CPSEs in India:

1. Indian Railway Finance Corporation (IRFC)
2. ONGC Videsh Ltd
3. Engineers India Limited
4. Mazagon Dock Shipbuilders Limited
5. Bharat Electronics Limited
6. National Aluminium Company Limited
7. Housing & Urban Development Corporation Limited
8. RITES
9. Rashtriya Ispat Nigam Limited
10. NMDC Limited
11. Indian Railway Catering and Tourism Corporation (IRCTC)
12. Rail Vikas Nigam Limited
13. Central Warehousing Corporation
14. Rashtriya Chemicals & Fertilizers Limited
15. Neyveli Lignite Corporation Limited
16. Solar Energy Corporation of India (SECI) Ltd
17. NHPC Limited
18. SJVN Limited
19. Railtel Corporation of India Limited
20. Indian Renewable Energy Development Agency Limited
21. Shipping Corporation of India Limited
22. National Buildings Construction Corporation Limited
23. Mahanagar Telephone Nigam Limited
24. Container Corporation of India Limited
25. IRCON
26. National Fertilizers Limited

List of Maharatna CPSEs in India

1. Oil & Natural Gas Corporation Limited (ONGC)
2. Bharat Petroleum Corporation Limited (BPCL)
3. Hindustan Aeronautics Limited (HAL)
4. NTPC Limited
5. Coal India Limited
6. Steel Authority of India Limited (SAIL)
7. GAIL India Limited
8. Indian Oil Corporation Limited (IOCL)
9. Bharat Heavy Electricals Limited (BHEL)
10. Power Grid Corporation of India Limited
11. Oil India Ltd
12. Power Finance Corporation
13. Hindustan Petroleum Corporation Limited (HPCL)
14. Rural Electrification Corporation Limited (REC)