Best PSU Stocks India 2026
Public Sector Undertakings (PSUs) are government-owned companies that dominate energy, banking, mining, defence, and infrastructure sectors in India. They typically offer high dividend yields (government needs dividend income), trade at lower P/E than private peers, and carry policy/regulatory risk. Since 2021, PSU stocks have significantly re-rated as the government pushed capex, reduced interference, and cleaned up PSU bank balance sheets.
Expert note: PSU stocks carry unique risks: policy dependency (election-driven decisions), government interference in pricing (fuel companies), slower decision-making, and talent retention challenges. But they also offer genuine infrastructure moats, high dividend yields, and government backing. Suitable for value/income investors, less so for growth investors.
| # | Company | Sector | LTP | 30D Trend | Market Cap | P/E | ROE % | Rev YoY | Profit YoY |
|---|---|---|---|---|---|---|---|---|---|
| 1 | SBIN | Banking | ₹973.7 | ₹8.99 L Cr | 10.3 | 15.2% | — | +12.9% | |
| 2 | HAL | Defence | ₹4,959 | ₹3.32 L Cr | 35.8 | 24.0% | +6.8% | +9.1% | |
| 3 | NTPC | Power | ₹309 | ₹3.00 L Cr | 11.0 | 13.7% | -2.7% | +17.9% | |
| 4 | ONGC | Oil & Gas | ₹225 | ₹2.83 L Cr | 6.4 | 12.7% | -1.0% | -7.6% | |
| 5 | BEL | Defence | ₹377.2 | ₹2.76 L Cr | 44.9 | 27.6% | +16.2% | +14.4% | |
| 6 | COALINDIA | Mining | ₹411.7 | ₹2.54 L Cr | 8.2 | 28.1% | -3.0% | +10.9% | |
| 7 | POWERGRID | Power | ₹250.35 | ₹2.33 L Cr | 14.7 | 16.5% | -1.3% | +3.7% | |
| 8 | IOC | Oil & Gas | ₹130.25 | ₹1.84 L Cr | 5.3 | 21.0% | +3.7% | +183.9% | |
| 9 | BHEL | Capital Goods | ₹427.35 | ₹1.49 L Cr | 52.5 | 11.3% | +19.2% | +207.6% | |
| 10 | PNB | Banking | ₹121.9 | ₹1.40 L Cr | 6.1 | 15.0% | — | +1.6% | |
| 11 | BPCL | Oil & Gas | ₹294.3 | ₹1.28 L Cr | 7.3 | 28.5% | +3.4% | +75.5% | |
| 12 | BANKBARODA | Banking | ₹238.2 | ₹1.23 L Cr | 6.6 | 11.3% | — | +2.2% | |
| 13 | CANBK | Financial Services | ₹122 | ₹1.11 L Cr | 5.3 | 15.1% | — | +12.7% | |
| 14 | GAIL | Oil & Gas | ₹167.3 | ₹1.10 L Cr | 11.2 | 8.7% | +1.0% | -38.4% | |
| 15 | PFC | Financial Services | ₹332.4 | ₹1.10 L Cr | 4.2 | 20.5% | — | +15.6% | |
| 16 | IRFC | Financial Services | ₹78.44 | ₹1.03 L Cr | 14.2 | 12.8% | — | +7.8% | |
| 17 | MAZDOCK | Defence | ₹2,052 | ₹82,774 Cr | 29.5 | 28.8% | +12.3% | +4.8% | |
| 18 | RECLTD | Financial Services | ₹302.35 | ₹79,616 Cr | 5.1 | 20.0% | — | +3.6% | |
| 19 | HINDPETRO | Oil & Gas | ₹348.5 | ₹74,155 Cr | 44.1 | 30.9% | +1.8% | +133.2% | |
| 20 | OIL | Oil & Gas | ₹449 | ₹73,035 Cr | 8.7 | 12.7% | -0.2% | -27.1% | |
| 21 | NHPC | Power | ₹70.7 | ₹71,018 Cr | 18.9 | 9.0% | +14.8% | +17.3% | |
| 22 | SAIL | Metal | ₹168.97 | ₹69,793 Cr | 16.5 | 5.7% | +8.1% | +50.5% | |
| 23 | NMDC | Metal | ₹70.5 | ₹61,982 Cr | 8.4 | 23.4% | +33.3% | +10.9% | |
| 24 | HFCL | Telecom | ₹268.81 | ₹41,135 Cr | 66.7 | 7.3% | — | — | |
| 25 | RVNL | Construction | ₹194.5 | ₹40,554 Cr | 46.3 | 9.0% | +0.7% | -32.7% | |
| 26 | COCHINSHIP | Capital Goods | ₹1,226.5 | ₹32,267 Cr | 48.3 | 12.5% | — | — | |
| 27 | IREDA | Financial Services | ₹106.54 | ₹29,930 Cr | 15.5 | — | — | — | |
| 28 | SJVN | Power | ₹51.11 | ₹20,085 Cr | 33.3 | 4.5% | — | — | |
| 29 | NBCC | Construction | ₹73.7 | ₹19,899 Cr | 27.6 | 25.2% | — | — | |
| 30 | BEML | Capital Goods | ₹1,938.4 | ₹16,145 Cr | 27.6 | 4.9% | — | — | |
| 31 | TITAGARH | Capital Goods | ₹740.85 | ₹9,977 Cr | 53.6 | 4.9% | — | — | |
| 32 | RITES | Construction | ₹203.89 | ₹9,799 Cr | 24.2 | 16.4% | — | — | |
| 33 | IRCON | Construction | ₹104.14 | ₹9,795 Cr | 16.2 | 9.1% | — | — | |
| 34 | RAILTEL | Telecom | ₹250.5 | ₹8,040 Cr | 23.7 | 16.3% | — | — | |
| 35 | MIDHANI | — | ₹405.15 | ₹7,590 Cr | 58.2 | 8.9% | — | — | |
| 36 | MOIL | — | ₹231.16 | ₹4,704 Cr | 15.7 | 10.0% | — | — | |
| 37 | MTNL | — | ₹22.91 | ₹1,443 Cr | — | — | — | — |
Prices as of 19 Oct 2026. P/E and ROE shown for top 200 companies by market cap (updated quarterly). Click any company for detailed profile, news, and 1-year chart.