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IndiaPulse
Themes / PSU

PSU

Public-sector companies across banks, energy, defence, rail, and infrastructure.

PSUAuto-built

Theme scorecard

Measures whether this idea is investable today by blending cohort quality, valuation cushion, and price momentum. It is a research filter, not advice.

Build portfolio from this theme
Theme
43
Stretched
Quality
39
Valuation
43
Momentum
51
Positive MoS
56%
P/E 75.1 · ROCE 13%
Curated research view

PSU

A focused investor view: high-conviction names first, then small/micro exposure only as controlled satellite risk. Live U-Score and MoS still come from the current database.

70/100
Theme score
Selective
Investability
47.1
Live avg U
-4189.0%
Live avg MoS

Curated company map

Names from the curated theme note. Solid chips are present in the live tagged cohort; dashed chips need tag review, ticker verification, or may be indirect/unlisted exposure.

13/13 live tagged

Investment thesis

PSUs benefit from capex, energy security, defence, banking improvement, and dividend yields. The best candidates combine policy tailwinds with RoE discipline and capital allocation improvement.

1-2 year outlook: Positive with caution. Focus on high-RoE, cash-generating PSUs rather than broad PSU exposure.
Recommended allocation: 8-12%.

Key triggers

  • Government capex
  • Defence and power orders
  • PSU bank profitability
  • Energy security projects

Major risks

  • Policy intervention
  • Bureaucratic execution
  • Commodity exposure
  • Valuation rerating already priced in
Small, micro, and SME names should be opt-in exposure. Suggested filters: U-Score above 65, positive MoS, Piotroski 7+, debt/equity below 0.8, promoter pledge below 10%, and enough traded value to exit without slippage.

Thesis

A data-generated PSU basket from tagged stocks. It is broad by design, so the scorecard helps identify where quality and valuation are still aligned.

  • Policy and capex linkages
  • Dividend and asset-backed value pockets
  • Governance and cyclicality differ widely

Top picks · ranked by U-Score within this cohort

Full cohort

BANKBARODALarge
Bank of Baroda
Financial Services
UNDERVALUED

Auto-included from the PSU tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +79.6%Piotroski: 5/9ROCE: 6%P/E: 6.8D/E: 0.10
68
U-Score
273.75
Open →
MAHABANKLarge
Bank of Maharashtra
Financial Services
UNDERVALUED

Auto-included from the PSU tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +73.6%Piotroski: 4/9ROCE: 6%P/E: 8.7D/E: 0.10
67
U-Score
83.97
Open →
SBINLarge
State Bank of India
Financial Services
UNDERVALUED

Auto-included from the PSU tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +67.1%Piotroski: 5/9ROCE: 6%P/E: 10.9D/E: 0.13
66
U-Score
1004.10
Open →
UNIONBANKLarge
Union Bank of India
Financial Services
UNDERVALUED

Auto-included from the PSU tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +80.4%Piotroski: 4/9ROCE: 6%P/E: 6.5D/E: 0.06
65
U-Score
170.28
Open →
NLCINDIALarge
NLC India Limited
Power
UNDERVALUED

Auto-included from the PSU tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +60.0%Piotroski: 7/9ROCE: 10%P/E: 13.2D/E: 1.30
63
U-Score
328.60
Open →
NMDCMid
NMDC Limited
Metals
UNDERVALUED

Auto-included from the PSU tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +13.0%Piotroski: 8/9ROCE: 28%P/E: 10.6D/E: 0.19
62
U-Score
90.09
Open →
RECLTDLarge
REC Limited
Financial Services
UNDERVALUED

Auto-included from the PSU tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +83.3%Piotroski: 4/9ROCE: 10%P/E: 5.5D/E: 6.05
61
U-Score
352.00
Open →
NTPCLarge
NTPC Limited
Power
UNDERVALUED

Auto-included from the PSU tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +67.3%Piotroski: 7/9ROCE: 8%P/E: 13.0D/E: 1.33
61
U-Score
355.65
Open →
SOUTHBANKMicro
The South Indian Bank Limited
Financial Services
UNDERVALUED

Auto-included from the PSU tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +76.2%Piotroski: 5/9ROCE: 6%P/E: 7.9D/E: 0.03
60
U-Score
45.79
Open →
OILMid
Oil India Limited
Power
UNDERVALUED

Auto-included from the PSU tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +70.2%Piotroski: 8/9ROCE: 12%P/E: 11.8D/E: 0.65
60
U-Score
475.95
Open →
HALLarge
Hindustan Aeronautics Limited
Industrials
FAIR VALUE

Auto-included from the PSU tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +31.1%Piotroski: 8/9ROCE: 32%P/E: 31.1D/E: 0.00
58
U-Score
4270.80
Open →
UCOBANKLarge
UCO Bank
Financial Services
FAIR VALUE

Auto-included from the PSU tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +65.8%Piotroski: 4/9ROCE: 6%P/E: 11.3D/E: 0.07
55
U-Score
26.09
Open →
BELLarge
Bharat Electronics Limited
Industrials
FAIR VALUE

Auto-included from the PSU tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: -10.7%Piotroski: 8/9ROCE: 37%P/E: 49.8D/E: 0.00
55
U-Score
412.05
Open →
NBCCSmall
NBCC (India) Limited
Infra
FAIR VALUE

Auto-included from the PSU tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +1.1%Piotroski: 7/9ROCE: 31%P/E: 42.2D/E: 0.00
53
U-Score
105.83
Open →
MAZDOCKLarge
Mazagon Dock Shipbuilders Limited
Services
FAIR VALUE

Auto-included from the PSU tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: -3.2%Piotroski: 6/9ROCE: 36%P/E: 37.3D/E: 0.05
53
U-Score
2435.30
Open →
PSBSmall
Punjab & Sind Bank
Financial Services
FAIR VALUE

Auto-included from the PSU tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +62.4%Piotroski: 4/9ROCE: 6%P/E: 12.7D/E: 0.11
52
U-Score
24.21
Open →
GAILLarge
GAIL (India) Limited
Power
FAIR VALUE

Auto-included from the PSU tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: -20.6%Piotroski: 8/9ROCE: 10%P/E: 14.6D/E: 0.28
46
U-Score
167.59
Open →
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The rationale above is editorial — the ranking uses our U-Score engine so the names you see first are the strongest fundamentals fit, not the most popular or most-mentioned. Re-rank yourself if you weigh valuation or quality differently. All information is for study purposes only — consult your financial advisor before investing.