Best PSU Stocks for July 2026: National Aluminium, Hindustan Copper, BHEL and Others Based on 1-Year Returns

Public Sector Undertakings (PSUs) continue to remain in focus among investors, with several government-owned companies delivering strong returns over the past year. Companies from sectors such as metals, mining, power equipment, banking and energy features among the best-performing PSU stocks. 

Here is a look at the top PSU stocks for July 2026, ranked based on their 1-year returns. 

Best PSU Stocks for July 2026 Based on 1-Year Returns 

Note: The above data is as of July 15, 2026. 

National Aluminium Company Limited 

National Aluminium Company Limited topped the list with a 1-year return of 91.57%. The company had a market capitalisation of ₹66,486.08 crore and traded at a PE ratio of 11.40 times. It reported ROCE of 39.59%, ROE of 29.42%, and a 3-year profit CAGR of 59.34%, while maintaining a debt-free balance sheet. 

National Aluminium Company Limited (NALCO) is engaged in the manufacturing and sale of alumina and aluminium. 

The President of India holds a 51.28% stake in the company. 

Hindustan Copper Limited 

Hindustan Copper Limited delivered a 1-year return of 87.62%. The company had a market capitalisation of ₹47,558.23 crore with a PE ratio of 48.06 times. It reported ROCE of 42.40%, ROE of 32.93%, 3-year sales CAGR of 22.43%, and profit CAGR of 49.87%. 

Hindustan Copper Limited was established after taking over the copper business of National Mineral Development Corporation (NMDC). It is India's first public sector undertaking in the copper sector and the country's only vertically integrated copper producer. 

The President of India holds a 66.14% stake in the company. 

Bharat Heavy Electricals Limited 

Bharat Heavy Electricals Limited (BHEL) generated a 1-year return of 56.85%. The company had a market capitalisation of ₹1,43,391.38 crore and traded at a PE ratio of 90.50 times. It reported ROCE of 9.14%, ROE of 6.23%, and 3-year profit CAGR of 36.04%. 

BHEL is a Government of India-owned engineering and manufacturing company engaged in designing, manufacturing, commissioning and servicing equipment for the power, industrial, transportation, renewable energy, oil & gas, and defence sectors. 

The President of India holds a 58.17% stake in the company. 

Chennai Petroleum Corporation Limited 

Chennai Petroleum Corporation Limited posted a 1-year return of 49.37%. The company had a market capitalisation of ₹17,201.44 crore and a PE ratio of 5.56 times. It reported ROCE of 35.11% and ROE of 32.13%, although its 3-year sales and profit CAGR were negative. 

Chennai Petroleum Corporation Limited is engaged in refining crude oil and manufacturing petroleum products and lubricating oil additives.  

Indian Oil Corporation Limited holds a 51.89% stake in the company. 

Bank of Maharashtra Limited 

Bank of Maharashtra Limited delivered a 1-year return of 39.01%. The public sector bank had a market capitalisation of ₹61,955.44 crore and traded at a PE ratio of 8.17 times. It reported ROE of 22.65%, 3-year sales CAGR of 22.58%, and profit CAGR of 39.16%. 

Bank of Maharashtra is a public sector bank that provides retail banking, corporate banking, treasury, and other banking services. 

The President of India holds a 73.60% stake in the company. 

Conclusion 

National Aluminium Company, Hindustan Copper, BHEL, Chennai Petroleum Corporation, and Bank of Maharashtra were among the top-performing PSU stocks based on 1-year returns as of July 2026. These companies represent diverse sectors and highlight the performance of select public sector enterprises over the past year. 

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.