‘Navratna’ is a special status given by the government to a selected group of top-performing Central Public Sector Enterprises (CPSEs). These companies get more autonomy and financial power because of their good performance.
To become a Navratna, a company first needs to be a Miniratna and meet certain criteria, like having four independent directors on its board.
Once a company receives a Navratna status, it can invest up to Rs. 1000 crore or 15 percent of its net worth on a single project, or up to 30 percent of its net worth in a year, but not exceeding Rs. 1000 crores.
Currently, there are a total of 16 Navratna CPSEs, with the following two companies joining the list.
Share price of the company moved up by nearly 6.3 percent on BSE to Rs. 103.25 on Monday, compared to its previous closing price of Rs. 97.09, after the Department of Public Enterprise, Ministry of Finance, Government of India granted Navratna status to the state-owned National Fertilizers Limited.
With a market capitalisation of Rs. 5,014.7 crores, at 01:10 p.m. the shares of National Fertilizers Limited (NFL) were trading in the green at Rs. 101.85, up by 4.84 percent.
NFL has given positive returns of about 46.6 percent in the last six months and nearly 35 percent in the last one year. So far in 2024, it has delivered around 2.3 percent of positive returns.
In terms of financials, NFL’s revenue from operations grew by nearly 34 percent QoQ from Rs. 5,660 crore in Q2 FY23-24 to Rs. 7,581 crore in Q3 FY23-24, accompanied by an increase in the net profit by 273.6 percent QoQ, from a loss of Rs. 87 crore in Q2 FY23-24 to Rs. 151 crore in Q3 FY23-24.
Incorporated in 1974, National Fertilizers Limited is engaged in the production and marketing of neem-coated urea, bio-fertilizers and other allied industrial products like ammonia, nitric acid, ammonium nitrate, sodium nitrite and sodium nitrate.
The company is also engaged in the trading of imported and domestic fertilizers, compost, seeds, agrochemicals and other agroproducts.
Share price of HUDCO moved up by nearly 2.3 percent to Rs. 199.4 on NSE in the trading session of Monday, compared to its previous closing price of Rs. 194.9.
With a market capitalisation of Rs. 39,197.2 crores, at 12:53 p.m. the shares of the company were trading in the green at Rs. 195.8, up by 0.46 percent.
According to the latest filings with the stock exchanges, the Department of Public Enterprises (DPE) on 18th April granted the Navratna Status to the company.
HUDCO is a housing finance company under the Ministry of Housing and Urban Affairs (MoHUA) and is engaged in the business of financing housing and urban development activities in India.
The company has given multibagger returns of about 167.8 percent returns in the last six months and nearly 318.6 percent in the last one year. So far in 2024, it has delivered positive returns of around 51.7 percent.
In terms of financials, the company’s revenue from operations grew by around 8 percent QoQ from Rs. 1,865 crore in Q2 FY23-24 to Rs. 2,013 crore in Q3 FY23-24, accompanied by an increase in the net profit by 14.8 percent QoQ, from Rs. 452 crore in Q2 FY23-24 to Rs. 519 crore in Q3 FY23-24.
Written by Shivani Singh
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