Top Stocks Held By President Of India: State-owned or corporations with majority ownership held by the government are called public sector undertakings or PSUs. PSUs are of three types SLPEs – State Level Public Enterprises CPSEs – Central Public Sector Enterprises PSBs – Public Sector Banks. 

The government holds these companies with the intent of nation-building and advancement of the economy rather than having profits as the primary objective like corporations held by private citizens or other entities.

In this article we shall look Top Stocks Held By President Of India. The government holds such enterprises in the President of India’s name and a total of 78 companies in holding.

Top Stocks Held By President Of India

Here are five of those stocks with the highest holding by the President of India.

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Top Stocks Held By President Of India #1 – KIOCL

The President of India holds 99.03% of the company. KIOCL engages in iron ore mining, beneficiation, and production in India. The company operates through two segments: Iron Ore Pellets and pig Iron.

The company offers project operation and maintenance services as well as mineral exploration services. KIOCL also exports its products. The company was known formerly as Kudremukh Iron Ore Company Ltd and was founded in 1976 with its headquarters in Bangalore, India. 

ParticularsAmountParticularsAmount
CMP319.45Market Cap (Cr.)20,013
EPS (TTM)1.84Stock P/E (TTM)0
RoE4.7%RoCE4.8%
President Holding99%Dividend Yield0.00%
Qty Held60.188 CrDebt to Equity0.21
Holding Value14,655.7 CrPrice to Book Value8.1
Operating Profit Margin-10.6%Net Profit Margin-11.6%

In FY2023, the company produced 1.5 MMT of pellets at 43% capacity utilization. KIOCL has 19 mineral projects and invested Rs. 422.8 crore in capex, up significantly from Rs. 290.5 crore in FY2022. 

Recently, the Government of Karnataka reserved an area of 470.40 hectares in Devadari Range, Sandur Taluk, Bellary District for Iron Ore and Manganese for KIOCL. 

KIOCL revenue declined nearly 50% from Rs. 3,006 crore in FY2022 to Rs. 1,543 crore in FY2023. The company transitioned from Rs 313 Crore in FY22 to a loss of Rs 97 crore in FY23.

Top Stocks Held By President Of India #2 – Punjab & Sind Bank

The President of India holds 98.25% of the company. Punjab & Sind Bank provides banking operations through four segments: Treasury Operations, Retail, Banking, Corporate Banking and other Banking Operations. 

The bank offers Savings Accounts, Current Accounts, Recurring Deposits, and Loans, etc., The company also offers fund-based services, and advisory services. It also has digital banking for its customers.  Punjab & Sind Bank is headquartered in New Delhi, after being founded in 1908.

ParticularsAmountParticularsAmount
CMP45.5Market Cap (Cr.)32,479
EPS (TTM)1.86Stock P/E (TTM)21.23
RoE9.6%RoCE9.5%
President Holding98.3%Dividend Yield1.9%
Qty Held665.905 CrCASA Ratio33.59
Holding Value25,637.3 CrPrice to Book Value1.87
Operating Profit Margin18.1%Net Profit Margin16.4%

Punjab & Sind Bank operates in 1553 branches, 835 ATMs, and 318 districts. The company reported 7.4% total increase in deposits and 15%  YoY growth in Advances implying 493 bps improvement in CD ratio. The company’s CASA also improved 6.68%. 

The company interest grew 13% YoY in FY2023 from Rs. 7,096 crore to Rs. 7,993 crore. The Net profits were Rs. 1,039 crore and Rs. 1,313 crore, representing margins of 14.6% and 16.4% in FY2022 and FY2023 respectively. 

Top Stocks Held By President Of India #3 – LIC

The President of India holds 96.50% of the company. Life Insurance Corporation of India provides Life Insurance products in India, Fiji, Mauritius and UK. The products include insurance, pension, unit linked, micro insurance, withdrawal and health plans and various group schemes, LIC was incorporated in 1956 and is based out of Mumbai, India. 

LIC is present in 36 states & UTs with offices covering 92% (versus 79% covered by the private sector companies) of districts in India comprising 13.5 million agents. LIC is the largest insurer by market cap in India and 10th largest in the world by premium volume. 

ParticularsAmountParticularsAmount
CMP636Market Cap (Cr.)4,08,246
EPS (TTM)57.55Stock P/E (TTM)9.12
President Holding96.5%Dividend Yield0.6%
Qty Held610.362 CrNet NPA0.00
Holding Value401,984.6 CrPrice to Book Value7.77
Revenue Q1 FY24963,806.59Net Profit Q1 FY24954,371.26

LIC’s total premium income grew 11% from Rs. 4,27,419 crore in FY2022 to Rs. 4,74,005 crore in FY2023. The company transitioned from Rs 4,043 crore Net Profits in FY22 to Rs. 36,397 crore in FY23. Additionally, the company reported solvency ratio improvement marginally by 2 bps from 1.85 to 1.87 and a 0.04% drop in Net NPAs all the way down to NIL.

Top Stocks Held By President Of India #4 – Indian Overseas Bank

The President of India holds 96.38% of the company. Indian Overseas Bank provides banking products and services in India and abroad. The company operates through four segments: Treasury Operations, Retail, Banking, Corporate Banking and other Banking Operations. 

The bank offers loans, letter of credit, guarantees credit reports etc., The company also offers fund based services, advisory services, locker facility etc.. It also has digital banking experience for its customers across segments. 

ParticularsAmountParticularsAmount
CMP47.05Market Cap (Cr.)91,506
EPS (TTM)1.86Stock P/E (TTM)27.4
RoE10.03%RoCE8.3%
President Holding96.4%Dividend Yield0.00%
Qty Held1821.833 CrCASA Ratio43.73
Holding Value59,482.8 CrPrice to Book Value2.68
Operating Profit Margin10.0%Net Profit Margin43.7%

With 3222 branches (foreign outreach branches in Hong Kong, Singapore, Colombo, and Hong Kong, Bangkok), 3495 ATMs, 3322 business correspondents, 26.45 Internet banking registered users, 75.19 UPI registered users, and 74.53 mobile banking registered users, Indian Overseas Bank has presence across India and digitally including the BHIM and IOB Mobile Banking apps –Internet Banking, IOB UPI.

The company interest income grew 16% YoY in FY2023 from Rs. 16,730 crore to Rs. 19,400 crore. The Net profits were Rs. 1,710 crore and Rs. 2,099 crore, representing margins of 10.2% and 10.8% in FY2022 and FY2023 respectively. 

Top Stocks Held By President Of India #5 – UCO Bank

The President of India holds 95.39% of the company. UCO Bank offers  banking products and services in India and internationally. The company operates through four segments: Treasury Operations, Retail, Banking, Corporate Banking and other Banking Operations. The company offers Agri, home, education, gold, personal, and vehicle loans. Additionally, it offers life, health and general insurance. The company has banking through digital channels and is growing fast. 

UCO bank operates through 3029 domestic plus 3 foreign branches, 2411 ATMs. UCO presence is dominant in East India with 975 branches and catering mainly to rural and semi urban which account for 34% and 29% of its geographic presence. 

ParticularsAmountParticularsAmount
CMP43.95Market Cap (Cr.)53,455
EPS (TTM)1.62Stock P/E (TTM)20.89
RoE8.6%RoCE9.1%
President Holding95.4%Dividend Yield0.00%
Qty Held1140.491 CrCASA Ratio36.79
Holding Value38,377.5 CrPrice to Book Value1.76
Operating Profit Margin14.4%Net Profit Margin10.6%

Digital offerings include UPI, Bulk Payments, E-Mandate and a web plus app interface for many more features. The company reported 7.4% total increase in deposits and 15%  YoY growth in Advances implying 493 bps improvement in CD ratio. The company’s CASA also improved 6.68%. 

The company’s Interest Earned grew 18% YoY in FY2023 from Rs. 14,981 crore to Rs. 17,651 crore. The Net profits were Rs. 930 crore and Rs. 1,862 crore, representing margins of 6.2% and 10.6% in FY2022 and FY2023 respectively. 

List Of Stocks Held By President of India

Company NameMarket Cap (Cr)CMP% Held by The PresidentQty HeldHolding Value
Scooters India Ltd273.530.1093.9%8.192 Cr244.5 Cr
Central Bank of India45,5745093.1%112.806 Cr3852.3 Cr
ITI Ltd19,328194.390.3%86.722 Cr14,231.1 Cr
The Fertilizers & Chemicals Travancore Ltd29,752.40518.5590.0%58.236 Cr29,540.5 Cr
State Trading Corporation of India Ltd827.4135.1590.0%5.4 Cr634.2 Cr
MMTC Ltd9,450.0066.0089.9%134.890 Cr7,904.6 Cr
Andrew Yule & Company Ltd1,508.4030.1589.3%43.637 Cr1,261.1 Cr
India Tourism Development Corporation Ltd3,297.83 38187.0%7.464 Cr2,820.3 Cr
Bank of Maharashtra29,529.304884.5%612.263 Cr25,010.9 Cr
Indian Railway Finance Corporation Ltd94,420.0077.5086.4%1,128.644 Cr87,977.8 Cr

Conclusion

As we wrap up our article, we’ve looked into Top Stocks Held By The President of India. Be sure to do your own due diligence on the companies before investing to make sure it is suitable for your individual objectives and risk appetite. We look forward to hearing your thoughts on this subject in the comments section below.

Written by Sandeep R

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