Criteria for Granting Different Ratna Status

Central Public Sector Enterprises (CPSEs) are awarded "Ratna" status based on their performance and specific eligibility criteria.

Navratna Status

The Navratna status has been granted to Indian Railway Catering and Tourism Corporation (IRCTC) and Indian Railway Finance Corporation (IRFC).

Criteria for Granting Different Ratna Status:

Maharatna Status

The criteria for granting Maharatna status include:

• Financial Requirements:

  • Average annual turnover: More than Rs. 25,000 crore over the past 3 years.
  • The company should have significant global presence and international operations.
  • Listed on the Indian stock exchange with the minimum public shareholding required under SEBI regulations.

• Performance Requirements:

  • Average annual net worth: More than Rs. 15,000 crore over the last 3 years.
  • Average annual net profit after tax: More than Rs. 5,000 crore during the last 3 years.

Navratna Status

To qualify for Navratna status, CPSEs must meet the following criteria:

• Financial Requirements:
  • Average annual turnover: Over Rs. 25,000 crore in the last 3 years.
  • Should have significant global operations.
  • Listed on the Indian stock exchange with prescribed public shareholding as per SEBI regulations.

Miniratna Status

There are two categories of Miniratna status:

1. Miniratna Category-I:

   • The CPSE should have obtained an excellent or very good rating in the Memorandum of Understanding (MoU) for three of the last five years.
   • The CPSE must have a composite score of 60 or above in the following parameters:
     • Net Profit to Net Worth (25 points)
     • Inter-Sectoral Performance (20 points)
     • PBDIT to Capital Employed (15 points)
     • PBIT to Turnover (15 points)
     • Manpower Cost to Total Cost of Production/Services (15 points)
     • Earnings Per Share (10 points)

2. Miniratna Category-II:

• The CPSE should have made a profit for the last three consecutive years and have a positive net worth.
• Pre-tax profit: Rs. 30 crore or more in at least one of the three years.
• Financial Health: The CPSE should not have defaulted in repaying loans or interest to the government.
• CPSEs should not rely on budgetary support or government guarantees. The company must maintain a positive net worth.

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