Navratna stocks under ₹ 200 with high ROE of up to 27% to keep an eye on

Navaratna Companies is a category of Central Public Sector Enterprise (CPSE) that meets certain operational and financial eligibility based on net profit, the total cost of production, earnings per share, and inter-sectoral performance. 

They possess financial autonomy to invest up to 1000 crores without any approval from the central government. Navratna status was first allotted to 9 public sector enterprises in 1997 and as of 2023, there are 16 Navratna Central Public sector enterprises. 

Here are the 3 Navratna Central Public Sector Enterprises under Rs. 200 with a Return on equity (ROE) of up to 27 percent. 

Engineers India Limited 

In the day’s trade, the shares of Engineers India Limited closed at Rs. 141.75, down 2.41 percent from its previous day’s close price of Rs. 145.25 and its market capitalization is Rs. 7,983 Crores. 

Its revenue from operations grew 14.35 percent from Rs. 2,912 Crores in FY22 to Rs. 3,330 Crores in FY23, accompanied by increasing profits of Rs. 342 Crores to Rs. 344 Crores. 

It has reported a return on equity (ROE) of 17.65 percent and a return on capital employment (ROCE) of 22.46 percent, it is making good returns on its equity and capital employed. 

Engineers India Limited is a Navratna Central Public Sector Enterprise, it is a leading Engineering Consultancy and EPC (Engineering Procurement and Construction) firm. Its business activities include hydrocarbon, chemicals, fertilizers, power, infrastructure, mining, and metallurgy. 

Bharat Electronics Limited 

In the day’s trade, the shares of Bharat Electronics Limited closed at Rs. 145.95, up 2.35 percent from its previous day’s close price of Rs. 142.60, and its market capitalization is Rs. 1,06,796 Crores. 

Its revenue from operations grew 15.4 percent from Rs. 15,368.18 Crores in FY22 to Rs. 17,734.44 Crores in FY23, accompanied by increasing profits of Rs. 2,398.87 Crores to 2,984.42 Crores. 

It has reported a return on equity (ROE) of 22.49 percent and a return on capital employed (ROCE) of 30.15 percent, it is making good returns on its equity and capital employed. 

Bharat Electronics Limited is a Navratna central public sector enterprise that operates in the aerospace and defence sector, it primarily manufactures advanced electronic products for ground and aerospace applications. 

NMDC Limited 

In the day’s trade, the shares of NMDC Limited were trading at Rs. 168.85, down 0.03 percent from its previous day’s close price of Rs. 168.90 and its market capitalization is Rs. 49,483 Crores. 

It has reported revenue from operations of Rs. 25,964.79 Crores in FY22 to Rs. 17,666.88 Crores in FY23, accompanied by profits of Rs. 9,428.71 Crores to Rs. 5,601.46 Crores. 

It has reported a return on equity (ROE) of 27.26 percent and a return on capital employed (ROCE) of 36.04 percent, it is making good returns on its equity and capital employed. 

NMDC Limited is a Navratna Central Public Sector Enterprise, which is India’s largest iron ore producer contributing around 16.07 percent of the total iron ore produced in India. It is involved in the exploration of a range of minerals like copper, rock phosphate, limestone, magnesite, diamond, tungsten, etc. 

Written by: Bharath K.S

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