Latest news with #PSUs
Mint
21 hours ago
- Business
- Mint
FIIs bought these three microcap stocks. Should you add them to your watchlist?
Foreign Institutional Investors (FIIs) are quietly picking up microcap stocks, and the smart money usually knows something the crowd doesn't. Microcaps are typically seen as high-risk, low liquidity plays that aren't on the radar of big institutions. But in 2025, the script is flipping. From under-the-radar companies to surprise multibaggers, here are the microcap gems where FIIs are building their positions in 2025. These stocks are picked from the Nifty Microcap 250 Index. Dive in to see which ones made the cut. #1 Astra Microwave Products Astra Microwave Products designs, develops, and manufactures subsystems for radio frequency and microwave systems used in defence, space, meteorology, and telecommunication. Its clientele includes Indian government laboratories, Indian defence Public Sector Undertakings (PSUs), Indian Space Research Organisation, and foreign OEMs, Adani Defence, L&T, HAL, and IITM. The company has five manufacturing units in Hyderabad and a near-field test range unit in Bengaluru. The company is scaling up in technology and manufacturing, with a diversified portfolio and deep in-house capabilities. To develop the electro-optics product line, the company plans to expand the origin 21.30 like in the SDR (special drawing rights) product portfolio. It's bidding for the whole system - the complete radar system - for both DRDO and defence ministry's future requirements. The strategic focus on indigenisation, product depth, and new business lines (space, anti-drone, SDR) positions Astra as a key beneficiary of India's defence and space modernisation. FIIs increased their holding in this company by about 1.17% in June 2025. The company is exploring the areas of anti-drone, EW, satellites, SDRs, and electro-optics through joint ventures. The company has opportunities of around ₹24,000-25,000 crore till FY28 due to the government's increased budget on defence and other sectors. As of Q1 FY26, the total order book stands at ₹2,100 crore. The company expects to maintain profit before tax margin profile around 18% for FY26. It expects to achieve revenue of ₹2000 crore in five to six years. Coming to the financials, the company's revenue has grown at a CAGR of 25.4% in the last five years, while its net profit has grown at a CAGR of 65.5%. The five-year average return on equity (RoE) is 8.6% and return on capital employed (RoCE) is 15.3%. For FY25, the company reported revenue of ₹1,051 crore(up 15.6%), net profit of ₹154 crore(up 27.3%), with a net profit margin of 14.7%. #2 Paras Defence and Space Technologies Paras Defence is a private sector company primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions. The company caters to four major segments - Defence & Space Optics, Defence Electronics, Heavy Engineering and Electromagnetic Pulse Protection Solutions. It's one of India's leading players in the defence and space sector. The company has 2 manufacturing units in Navi Mumbai and Ambernath. Paras has formed a JV with world's leading exclusive EO/IR company to manufacture world class EO/IR systems in India for various platforms including drones. The cabinet committee on security has approved launch of 52 spy satellites for ₹27,000 crore to boost space surveillance. Paras is a prominent private sector India company working towards the same. The company's clientele includes HAL, ISRO, DRDO, Bharat Electronics, Godrej, TATA Power, Elbit Systems, Controp, Cochin Shipyard, Goa Shipyard, Tonbo Imaging, Singapore Electronics, etc. FIIs increased their holding in this company by about 1.61% in June 2025. The company anticipates 20-30% revenue growth in FY26 and aims to be India's leading anti-drone company and among the top five drone companies by FY27. Coming to the financials, the company's revenue has grown at a CAGR of 10.4% in the last five years, while its net profit has grown at a CAGR of 9.6%. The five-year average return on equity (RoE) is 8.3% and return on capital employed (RoCE) is 13.3%. For FY25, the company reported revenue of ₹365 crore (up 43.7%), with a net profit margin of 16.7%. #3 Fiem Industries It's engaged in the business manufacturing and supply of auto components like automotive lighting. The company has a significant market share in automotive lighting & signalling equipment and rearview mirrors for two-wheeler and four-wheeler OEMs. Fiem operates nine manufacturing units across India in Kundli (Haryana), Hosur (Tamil Nadu), Nalagarh (Himachal Pradesh), Tapukara (Rajasthan), and Ahmedabad (Gujarat). It has a strong client base of 50 plus OEMs, including Honda, TVS, Yamaha, Suzuki, Eicher Royal Enfield, and Hyundai. The management plans to invest ₹80-100 crore in FY26, in line with a long-term capex guidance of next three years. As per company officials, there is no impact from China rare earth export ban on the supply chain or EV business at present. FIIs increased their holding in this company by about 1.69% in June 2025. The company has guided 15-20% topline growth for next three-five years, citing diversified product and customer mix. Coming to the financials, the company's revenue has grown at a CAGR of 11.9% in the last five years, while its net profit has grown at a CAGR of 21.1%. The five-year average return on equity (RoE) is 16% and return on capital employed (RoCE) is 22.4%. In FY25, the company reported revenue of ₹2420 crore (up 19.4%), net profit of ₹205 crore (up 23.5%), with a net profit margin of 8.5%. Conclusion The accumulation of microcap stocks by foreign institutional investors can potentially be a signal. Although microcaps come with higher risks — volatility, liquidity constraints, and regulatory sensitivities — they also offer potential opportunities to turn small investments into multibaggers. Investors should evaluate the company's fundamentals, corporate governance, and valuations of the stock as key factors when conducting due diligence before making an investment decision. Happy Investing. Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. This article is syndicated
&w=3840&q=100)
Business Standard
2 days ago
- Business
- Business Standard
Three new nano fertiliser plants to be set up by PSUs, firms: Govt
The minister highlighted the steps taken to promote the use of nano fertilisers and said the central government has pursued with the states on use of nano fertilisers at various forums Press Trust of India New Delhi The government on Tuesday said three more nano fertiliser plants will be set up with a total production capacity of 17 crore bottles per annum by private and public fertiliser companies. Minister of State for Chemicals and Fertilizers Anupriya Patel, in her written reply to the Rajya Sabha, said the government is not directly involved in setting up of nano fertiliser plants across the country. Overall seven nano-urea plants have been set up by fertiliser companies with a total production capacity of all these nano-urea plants presently in operation at 27.22 crore bottles (500 ml each) per annum. Further, three nano DAP (Di Ammonium Phosphate) plants have been set up by fertilizer companies with a total production capacity of all these nano DAP plants presently in operation at 7.64 crore bottles (500 ml each) per annum. In addition to this, "PSUs and other fertilizer companies have intimated about setting up of 3 more nano fertilizer plants, with a total production capacity of 17 crore bottles (500 ml equivalent) per annum," she said. The minister said since inception, fertilizer companies have sold 10.68 crore bottles (500 ml each) of nano urea and 2.75 crore bottles (500 ml each) of nano DAP across all regions of the nation, including tribal-dominated regions. The minister highlighted the steps taken to promote the use of nano fertilisers and said the central government has pursued with the states on use of nano fertilisers at various forums. Nano-urea and nano-DAP are made available at Pradhan Mantri Kisan Samridhi Kendras (PMKSKs) by the companies. Nano-urea has been included under the monthly supply plan issued by the Department of Fertilizers regularly. The ministry in collaboration with fertilizer companies has initiated a Maha Abhiyan for adoption of Nano DAP in all 15 agro-climatic zones of the country through consultations and field-level demonstrations. Further, the ministry in collaboration with fertilizer companies has also launched campaigns for field-level demonstrations and awareness programs of nano-urea plus in 100 districts of the country, she added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Indian Express
3 days ago
- Business
- Indian Express
Fake ambassador named shell companies after major Indian companies, UP Police find
Harsh Vardhan Jain, the man accused of running a fake embassy in Ghaziabad's Kavi Nagar area, allegedly named his shell companies after prominent Indian firms and public sector undertakings (PSUs). Reliance Anil Dhirubhai Ambani Group PLC, Reliance Big Pictures, Reliance Capital Limited, Reliance Big Entertainment Limited and Hindustan Fertilizer Corporation Limited were some of the names used, sources in the Uttar Pradesh Police said. 'This helped him present his work as legitimate in other countries,' a source said. A majority of these companies were reportedly in England. On Tuesday, the UP Police took custody of Jain, who claimed to be the ambassador of 'Westarctica', for five days in connection with the fraud and cheating case. According to police sources, the police had sought to question Jain about several bank accounts, 25 shell companies, and his frequent foreign tours, all of which are now under the scanner for alleged links to a larger hawala racket. Jain was arrested last week by Uttar Pradesh's Special Task Force that claimed to have uncovered a complex international financial network — stretching from marble mines in Rajasthan to banks in Dubai, Mauritius, and the UK. A source said that two people have come forward claiming to have given money to Jain on the pretext of getting jobs in Iraq. One was from Uttar Pradesh and another from Delhi, the source added. The police are verifying their claims. A police officer privy to the investigation stated that, so far, evidence suggests Jain made money through his shell companies by offering fake business deals and promising jobs to people in foreign countries. The police team is currently trying to determine the number of people he may have cheated. The probe has allegedly revealed that Jain had 12 diplomatic passports and had visited around 40 countries over the past 10 years. These countries include the UK, UAE, Mauritius, Turkey, France, Italy, Bulgaria, Cameroon, Switzerland, Poland, Sri Lanka, and Belgium.
The Wire
21-07-2025
- Business
- The Wire
PSU Dividends to Govt Have Doubled in Last Five Years: Report
New Delhi: The Union government has doubled the dividends it has received from public sector companies (PSUs) in the last five years to Rs 74,000 crore, according to a report by The Hindu, and a large chunk of these dividends came from five few oil, gas and coal companies. The report, based on the company-wise dividend data from the Department of Investment and Public Asset Management (DIPAM), stated that these five fuel-related PSUs accounted for Rs 1.27 lakh crore, or 42.3% of the total Rs 3 lakh crore dividends the Union government has collected between the financial years 2020-21 and 2024-25. These companies are Coal India Ltd, Oil & Natural Gas Corporation (ONGC), Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and Gail (India). Coal India alone gave Rs 10,252 crore, followed by ONGC with a payment of Rs 10,002 crore and BPCL with Rs 3,562.47 crore in 2024-25. This is excluding dividends received from the Reserve Bank of India and the nationalised banks. While the DIPAM data shows that IOC and BPCL together saw a 255% increase in their dividend payouts to the government since 2022-23 and a 65% decrease in oil prices, only a 2% decrease in petrol prices was passed on to the public. As per policy revisions in November 2024, central PSUs must now deliver at least 30% of its profit after tax (PAT) or 4% of its net worth as dividends, whichever is higher. This is a big chunk of government revenue. A government official was quoted by The Hindu as saying that this is due to a 'calibrated' approach to balance revenues from disinvestments and dividends. 'The government's disinvestment policy announced during the pandemic is still very much in place, but it is not progressing as fast as it was initially hoped,' the official was quoted as saying, 'At the same time, many PSUs are turning profitable and so the government is maximising the dividends it can earn from them.'
The Hindu
19-07-2025
- Business
- The Hindu
PSU dividends to Centre almost double since 2020; over 40% comes from five fuel PSUs
Over the last five years, the Union government has nearly doubled the dividends it has received from public sector companies to ₹74,000 crore, with an analysis by The Hindu showing it relies heavily on a few oil, gas, and coal companies for a large chunk of these dividends. The analysis of company-wise dividend data from the Department of Investment and Public Asset Management (DIPAM) for the last five years shows that five fuel-related PSUs accounted for 42% of the total dividends the government has collected since the financial year 2020-21. The analysis excluded dividends from the Reserve Bank of India and the nationalised banks. These companies — Coal India Ltd, Oil & Natural Gas Corporation (ONGC), Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL), and Gail (India) — contributed ₹1.27 lakh crore, or 42.3% of the total ₹3 lakh crore dividends the Centre received from non-banking PSUs between 2020-21 and 2024-25. Minimal cut in petrol prices The data also shows that the two directly-owned public sector oil marketing companies (OMCs) — IOC and BPCL — together saw a 255% increase in their dividend payouts to the government since 2022-23 and a 65% decrease in oil prices. However, they only passed on a 2% decrease in petrol prices to the public. The third public sector OMC, Hindustan Petroleum, is owned by ONGC, and not directly by the government. The total dividends from non-banking PSUs have also grown consistently since the COVID-19 pandemic. The government collected ₹39,558 crore as dividends from these companies in 2020-21, which almost doubled to ₹74,017 crore by 2024-25. High dividends offset slow disinvestment According to sources in the government, this is due to a 'calibrated' approach to balance revenues from disinvestments and dividends. 'The government's disinvestment policy announced during the pandemic is still very much in place, but it is not progressing as fast as it was initially hoped,' the official told The Hindu. 'At the same time, many PSUs are turning profitable and so the government is maximising the dividends it can earn from them.' The disinvestment policy, officially called the Public Sector Enterprises Policy, stated that the government would maintain a minimum presence in strategic sectors and would exit from all non-strategic ones. It was first announced as a part of the government's COVID-19 Atma Nirbhar Bharat package in May 2020. However, since then, enhancing dividends has also become a part of official policy. Mandatory minimum dividends An office memorandum sent out by DIPAM in November 2024 to all departments of the government and the managing directors of all PSUs laid out new rules for how much dividends these companies must pay their shareholders, the largest of which is the government of India. According to the new rules, every Central PSU must pay a minimum annual dividend of 30% of its Profit After Tax (PAT) or 4% of its net worth, whichever is higher. In fact, the government has pushed these PSUs to pay dividends much higher than this mandatory amount. 'The minimum dividend as indicated in para 5.1 above is only a minimum benchmark,' the office memorandum said. 'The CPSEs are advised to strive paying higher dividend taking into account relevant factors such as profitability, capex requirements with due leveraging, cash reserves and net worth.' High payouts IOC and BPCL saw their combined dividend payouts to the government increase 255% between 2022-23 and 2024-25, from ₹2,435 crore to ₹8,653 crore. Dividends of OMCs are paid from their profits, which themselves rise if the selling price of their fuel is higher than the cost of their inputs. While the price of crude oil has fallen 65% — from $116 a barrel in June 2022 to $70 a barrel in July 2025 — the retail price of petrol has only been reduced by ₹1.95 per litre, or 2%, over this period.
