REC Limited RECLTD NSEFINANCIAL
REC Limited, together with its subsidiaries, engages in the provision of financing services for power generation, transmission, and distribution projects in India. The company primarily offers long, medium, and short-terms loans; debt refinancing, equity financing, financing of equipment manufacturing for power sector and coal mines; policy for funding against regulatory assets, and revolving bill payment facility services; and provides letter of undertaking in lieu of bank guarantee, etc. It also acts as a nodal agency for the implementation of Pradhan Mantri Sahaj Bijli Har Ghar Yojana, Pradhan Mantri Surya Ghar Muft Bujli Yojana, Deen Dayal Upadhyaya Gram Jyoti Yojana, and National Electricity Fund. In addition, the company acts as the bid process coordinator for selection of transmission service provider through tariff based competitive bidding process for independent inter-state and intra-state transmission projects; provides project implementation and consultancy services in power sector; and operates National Feeder Monitoring System, a cloud-based IT and analytical platform, designed to monitor the reliability and quality of power. It serves central/state government power utilities, as well as private sector power utilities. REC Limited was formerly known as Rural Electrification Corporation Limited and changed its name to REC Limited in October 2018. The company was incorporated in 1969 and is based in Gurugram, India. REC Limited is a subsidiary of Power Finance Corporation Limited.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Excellent profit margin of 70.6%.
- Compounding revenue at 14.4% over 5 years.
- Profit CAGR of 13.5% over 5 years.
- Attractive dividend yield of 6.87%.
CONS
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Financial Services).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | RECLTD REC Limited NSEFINANCIAL | 337.65 | 5.46 | ₹88,910.80 Cr | 6.87% | - | 19.96% | 14.36% | 13.45% |
| 2 | HDFCBANK HDFC Bank Limited NIFTY50NSEAIFINANCIAL | 744.55 | 16.61 | ₹11.46 L Cr | 1.75% | - | 13.82% | 32.50% | 20.39% |
| 3 | ICICIBANK ICICI Bank Limited NIFTY50NSEAIFINANCIAL | 1,256.40 | 16.81 | ₹9.01 L Cr | 0.88% | - | 16.36% | 19.65% | 16.78% |
| 4 | SBIN State Bank of India NIFTY50NSEAIFINANCIALPSU | 964.40 | 10.58 | ₹8.90 L Cr | 1.80% | - | 15.48% | 12.19% | 14.39% |
| 5 | KOTAKBANK Kotak Mahindra Bank Limited NIFTY50NSEAIFINANCIAL | 384.20 | 19.80 | ₹3.82 L Cr | 0.13% | - | 11.39% | 14.58% | 8.92% |
| 6 | LICI Life Insurance Corporation of India NIFTY_MIDNSEFINANCIALPSU | 411.35 | 9.06 | ₹2.60 L Cr | 2.43% | - | 42.36% | 7.61% | 16.86% |
| 7 | SHRIRAMFIN Shriram Finance Limited NIFTY50NSEFINANCIAL | 947.15 | 17.79 | ₹2.23 L Cr | 1.46% | - | 16.38% | 15.48% | 18.59% |
| 8 | SBILIFE SBI Life Insurance Company Limited NIFTY50NSEFINANCIAL | 1,830.10 | 74.06 | ₹1.84 L Cr | 0.15% | - | 13.70% | 11.67% | 12.81% |
| 9 | ICICIAMC ICICI PRUDENTIAL AMC LTD NIFTY_MIDNSEFINANCIAL | 3,538.50 | 53.19 | ₹1.75 L Cr | 0.70% | 98.30% | 85.80% | 28.94% | 29.58% |
Quarterly Results
Figures in INR.
| Metric | Dec 2024 | Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | 5,356.03 Cr | 6,470.79 Cr | 5,196.96 Cr | 5,445.54 Cr | 5,361.09 Cr |
| Cost of Revenue | - | - | - | - | - |
| Gross Profit | - | - | - | - | - |
| Operating Expenses | 258.46 Cr | 204.44 Cr | 140.34 Cr | 177.18 Cr | 358.71 Cr |
| Operating Income | - | - | - | - | - |
| EBITDA | - | - | - | - | - |
| Interest Expense | 8,837.02 Cr | 8,768.41 Cr | 8,934.18 Cr | 9,242.53 Cr | 8,930.74 Cr |
| Pretax Income | 5,180.97 Cr | 5,489.89 Cr | 5,666.41 Cr | 5,136.43 Cr | 4,414.54 Cr |
| Tax Provision | 1,104.62 Cr | 1,179.91 Cr | 1,200.70 Cr | 1,083.99 Cr | 1,039.46 Cr |
| Net Income | 4,076.35 Cr | 4,309.98 Cr | 4,465.71 Cr | 4,052.44 Cr | 3,375.08 Cr |
| Diluted EPS | 15.48 | 16.24 | 16.96 | 15.39 | 12.69 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | - | 14,600.87 Cr | 17,240.70 Cr | 21,918.31 Cr | 21,838.39 Cr |
| Cost of Revenue | - | - | - | - | - |
| Gross Profit | - | - | - | - | - |
| Operating Expenses | - | 554.39 Cr | 654.95 Cr | 779.26 Cr | 822.38 Cr |
| Operating Income | - | - | - | - | - |
| EBITDA | - | - | - | - | - |
| Interest Expense | - | 23,733.33 Cr | 29,947.74 Cr | 34,131.29 Cr | 36,238.12 Cr |
| Pretax Income | - | 13,897.67 Cr | 17,959.94 Cr | 20,117.47 Cr | 20,766.33 Cr |
| Tax Provision | - | 2,730.69 Cr | 3,814.48 Cr | 4,233.24 Cr | 4,458.16 Cr |
| Net Income | - | 11,166.98 Cr | 14,145.46 Cr | 15,884.23 Cr | 16,308.17 Cr |
| Diluted EPS | 37.98 | 42.28 | 53.59 | 60.20 | - |
Compounded Sales Growth
| 5 Years: | 14.36% |
| 1 Year: | -14.40% |
Compounded Profit Growth
| 5 Years: | 13.45% |
| 1 Year: | -21.90% |
Stock Price Performance
| 1 Year: | -12.82% |
| 6 Months: | -1.90% |
| 3 Months: | -3.69% |
| 1 Month: | -4.70% |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Total Assets | - | 4.66 L Cr | 5.48 L Cr | 6.15 L Cr | 6.40 L Cr |
| Current Assets | - | - | - | - | - |
| Cash & Equivalents | - | 333.19 Cr | 498.06 Cr | 631.73 Cr | 1,611.09 Cr |
| Inventory | - | - | - | - | - |
| Receivables | - | 24,485.43 Cr | 24,535.51 Cr | 24,754.91 Cr | 297.08 Cr |
| Total Liabilities | - | 4.07 L Cr | 4.79 L Cr | 5.36 L Cr | 5.55 L Cr |
| Current Liabilities | - | - | - | - | - |
| Long Term Debt | - | - | - | - | - |
| Total Debt | - | 3.81 L Cr | 4.46 L Cr | 4.96 L Cr | 5.15 L Cr |
| Total Equity | - | 58,120.51 Cr | 69,350.24 Cr | 78,376.06 Cr | 85,054.41 Cr |
| Shares Outstanding | - | 263.32 Cr | 263.32 Cr | 263.32 Cr | 263.32 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | -37,359.77 Cr | -57,722.64 Cr | -39,064.08 Cr | 5,971.57 Cr |
| Investing Cash Flow | - | -942.95 Cr | -1,830.96 Cr | -1,302.04 Cr | -3,307.66 Cr |
| Financing Cash Flow | - | 38,122.84 Cr | 59,587.82 Cr | 40,033.60 Cr | -2,375.02 Cr |
| Capital Expenditure | - | -17.68 Cr | -33.63 Cr | -82.88 Cr | -69.64 Cr |
| Free Cash Flow | - | -37,377.45 Cr | -57,756.27 Cr | -39,146.96 Cr | 5,901.93 Cr |
| Net Change in Cash | - | -179.88 Cr | 34.22 Cr | -332.52 Cr | 288.89 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - |
| Operating Margin % | - | - | - | - | - |
| Net Margin % | - | 76.5% | 82.0% | 72.5% | 74.7% |
| ROE % | - | 19.2% | 20.4% | 20.3% | 19.2% |
| ROCE % | - | - | - | - | - |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
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