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REC Limited RECLTD NSEFINANCIAL

Financial Services · Credit Services · India
https://www.recindia.nic.in
Company Profile ↓
₹318.70
-12.88% 1Y
Mkt Cap₹83,920.85 Cr
P/E5.16
P/B1.15
Div. Yield1.72%
52W High₹377.31
52W Low₹300.29
Book Value₹323.00
EPS (TTM)₹61.81

Company Overview

REC Limited, together with its subsidiaries, engages in the provision of financing services for power generation, transmission, distribution, infrastructure, and logistics 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 letter of undertaking in lieu of bank guarantee, etc. It is also involved in the implementation of distribution system strengthening works, implementation of grid/off-grid solar (PV) projects, and installation of smart meters. 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. It serves government entities, independent power producers, and private sector borrowers. The company 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.

Why Investors Should Care

Strong Return on Equity

Generates a return on equity of 19.2%, reflecting efficient use of shareholder capital.

Consistent Profit Growth

Net profit has compounded at 13.5% per year over the last five years.

Steady Revenue Expansion

Revenue has grown at a 14.4% CAGR over the past five years.

Reasonable Valuation

Trades at a P/E of 5.2, below the sector median of 19.6.

Healthy Margins

Maintains a net profit margin of 74.7%.

Positive Free Cash Flow

Generates positive free cash flow, funding growth and shareholder returns internally.

Recent Developments

  • Mar 2026 Revenue of ₹21,834.25 Cr (-0.3% YoY); net profit ₹16,308.17 Cr.
  • Trailing 12 Months Year-on-year growth — revenue -0.3%, earnings +2.7%.
  • 5-Year Trend Long-term compounding — revenue CAGR 14.4%, profit CAGR 13.5%.

Growth & Price Performance

Compounded Sales Growth

5 Years:14.35%
1 Year:-0.30%

Compounded Profit Growth

5 Years:13.45%
1 Year:2.67%

Stock Price Performance

1 Year:-12.88%
6 Months:-3.60%
3 Months:-8.04%
1 Month:-11.44%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Bearish
52-Week Range 24% of range
₹300.29 ₹377.31
Trend Signals
  • Price vs 50-DMABelow
  • Price vs 200-DMABelow
  • RSI (14)36.96 · Neutral
Price Performance
1M-11.44%
3M-8.04%
6M-3.60%
1Y-12.88%
Valuation vs Sector

P/E of 5.16 is below the sector median of 19.62 — relatively cheaper than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

NSE TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Excellent profit margin of 74.7%.
  • Compounding revenue at 14.4% over 5 years.
  • Profit CAGR of 13.5% over 5 years.
  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
5.16
Industry PE
19.62
Forward P/E
4.56
PEG Ratio
-
Book Value
₹323.00
Price to Book
1.15
P/S
4.15
EV/EBITDA
-
Dividend Yield
1.72%

Growth (CAGR)

Revenue 5Y
14.35%
Profit 5Y
13.45%
Revenue (YoY)
-0.30%
Earnings (YoY)
2.67%

Profitability & Returns

ROCE
-
ROE
19.17%
ROA
2.55%
Profit Margin
74.69%
Op Margin
96.85%
Gross Margin
98.57%
EPS (Latest Qtr)
₹15.92
EPS (TTM)
₹61.81

Balance Sheet & Liquidity

Debt/Equity
6.05
Quick Ratio
-
Current Ratio
-
Debt
₹5.15 L Cr
Total Assets
₹6.40 L Cr
Current Assets
-
Working Capital
-

Ownership

Promoter Holding
52.65%
Chg in Prom Hold
-
FII / Inst Holding
23.80%
Chg in FII Hold
-0.03%

Financial Snapshot

Enterprise Value
₹83,920.85 Cr
Total Revenue (TTM)
₹21,834.25 Cr
EBITDA
-
Free Cash Flow
₹5,901.93 Cr
Operating Cash Flow
₹5,971.57 Cr
Shares Outstanding
₹263.32 Cr
Gross Margin
98.57%
Payout Ratio
32.25%

Peer comparison

Peer companies in the same sector (Financial Services).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 RECLTD REC Limited NSEFINANCIAL 318.70 5.16 ₹83,920.85 Cr 1.72% - 19.17% 14.35% 13.45%
2 HDFCBANK HDFC Bank Limited NIFTY50NSEAIFINANCIAL 712.10 15.57 ₹10.96 L Cr 1.77% - 8.63% 16.90% 12.47%
3 ICICIBANK ICICI Bank Limited NIFTY50NSEAIFINANCIAL 1,423.20 19.03 ₹10.19 L Cr 0.82% - 14.93% 18.11% 16.78%
4 SBIN State Bank of India NIFTY50NSEAIFINANCIALPSU 1,016.10 11.15 ₹9.38 L Cr 1.60% - 13.97% 12.19% 14.39%
5 BAJFINANCE Bajaj Finance Limited NIFTY50NSEAIFINANCIAL 1,060.50 34.76 ₹6.60 L Cr 0.47% - 16.68% 22.58% 18.23%
6 LICI Life Insurance Corporation of India NIFTY_MIDNSEFINANCIALPSU 415.35 9.14 ₹5.25 L Cr 2.58% - 32.53% 7.26% 16.86%
7 KOTAKBANK Kotak Mahindra Bank Limited NIFTY50NSEAIFINANCIAL 424.50 21.89 ₹4.22 L Cr 0.16% - 10.64% 13.48% 8.92%
8 AXISBANK Axis Bank Limited NIFTY50NSEAIFINANCIAL 1,273.00 15.07 ₹3.96 L Cr 0.08% - 12.27% 12.16% 34.61%
9 BAJAJFINSV Bajaj Finserv Ltd. NIFTY50NSEAIFINANCIAL 1,970.00 32.30 ₹3.15 L Cr 0.06% - 12.58% 22.92% 15.16%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in INR.

Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue 10,243.00 Cr11,104.00 Cr11,688.00 Cr12,052.00 Cr12,677.00 Cr13,079.00 Cr13,682.00 Cr-6,470.79 Cr5,196.96 Cr15,153.00 Cr5,445.54 Cr5,361.09 Cr4,430.13 Cr
Cost of Revenue --------------
Gross Profit --------------
Operating Expenses -149.00 Cr332.00 Cr-492.00 Cr240.00 Cr-425.00 Cr717.00 Cr97.00 Cr-204.44 Cr140.34 Cr476.00 Cr177.18 Cr358.71 Cr128.41 Cr
Operating Income --------------
EBITDA --------------
Interest Expense 6,496.00 Cr7,049.00 Cr7,350.00 Cr7,654.00 Cr7,896.00 Cr8,020.00 Cr8,506.00 Cr-8,768.41 Cr8,934.18 Cr9,131.00 Cr9,242.53 Cr8,930.74 Cr8,747.50 Cr
Pretax Income 3,901.00 Cr3,721.00 Cr4,838.00 Cr4,172.00 Cr5,229.00 Cr4,349.00 Cr5,097.00 Cr-5,489.89 Cr5,666.41 Cr5,549.00 Cr5,136.43 Cr4,414.54 Cr5,268.30 Cr
Tax Provision 819.21 Cr744.20 Cr1,064.36 Cr876.12 Cr1,150.38 Cr869.80 Cr1,070.37 Cr-1,179.91 Cr1,200.70 Cr1,109.80 Cr1,083.99 Cr1,039.46 Cr1,075.54 Cr
Net Income 3,065.00 Cr2,968.00 Cr3,790.00 Cr3,308.00 Cr4,079.00 Cr3,460.00 Cr4,038.00 Cr-4,309.98 Cr4,465.71 Cr4,415.00 Cr4,052.44 Cr3,375.08 Cr4,192.76 Cr
Diluted EPS 11.6411.2714.3912.5615.4913.1415.33-16.2416.9616.7715.3912.6915.92

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue 20,544.00 Cr24,125.00 Cr24,338.00 Cr22,658.00 Cr25,408.00 Cr29,942.00 Cr35,556.00 Cr-14,600.87 Cr17,240.70 Cr21,900.00 Cr21,834.25 Cr
Cost of Revenue ------------
Gross Profit ------------
Operating Expenses 1,149.00 Cr1,680.00 Cr1,888.00 Cr3,379.00 Cr1,702.00 Cr3,981.00 Cr3,292.00 Cr-554.39 Cr654.95 Cr768.77 Cr810.03 Cr
Operating Income ------------
EBITDA ------------
Interest Expense 11,840.00 Cr14,282.00 Cr13,462.00 Cr13,333.00 Cr15,639.00 Cr18,991.00 Cr21,489.00 Cr-23,733.33 Cr29,947.74 Cr34,131.29 Cr36,238.12 Cr
Pretax Income 7,552.00 Cr8,147.00 Cr8,972.00 Cr5,958.00 Cr8,090.00 Cr7,030.00 Cr10,780.00 Cr-13,897.67 Cr17,959.94 Cr20,117.47 Cr20,766.33 Cr
Tax Provision 2,190.08 Cr2,444.10 Cr2,691.60 Cr1,489.50 Cr2,346.10 Cr2,038.70 Cr2,371.60 Cr-2,730.69 Cr3,814.48 Cr4,233.24 Cr4,458.16 Cr
Net Income 5,344.00 Cr5,691.00 Cr6,313.00 Cr4,451.00 Cr5,741.00 Cr4,972.00 Cr8,378.00 Cr-11,166.98 Cr14,145.46 Cr15,884.23 Cr16,308.17 Cr
Diluted EPS 20.3021.6123.9816.9021.8018.8831.82-42.2853.5960.2061.81

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets 1.83 L Cr2.07 L Cr2.10 L Cr2.42 L Cr2.98 L Cr3.47 L Cr4.01 L Cr-4.66 L Cr5.48 L Cr6.15 L Cr6.40 L Cr
Current Assets ------------
Cash & Equivalents --------333.19 Cr498.06 Cr631.73 Cr718.83 Cr
Inventory ------------
Receivables --------24,485.43 Cr24,535.51 Cr24,754.91 Cr24,682.92 Cr
Total Liabilities --------4.07 L Cr4.79 L Cr5.36 L Cr5.55 L Cr
Current Liabilities ------------
Long Term Debt ------------
Total Debt --------3.81 L Cr4.46 L Cr4.96 L Cr5.15 L Cr
Total Equity 25,072.00 Cr28,893.00 Cr33,671.00 Cr32,588.00 Cr34,546.00 Cr35,397.00 Cr43,764.00 Cr-58,120.51 Cr69,350.24 Cr78,376.06 Cr85,054.41 Cr
Shares Outstanding --------263.32 Cr263.32 Cr263.32 Cr263.32 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow -23,898.00 Cr-13,278.00 Cr6,805.00 Cr-32,510.00 Cr-35,866.00 Cr-32,712.00 Cr-43,512.00 Cr--37,359.77 Cr-57,722.64 Cr-39,064.08 Cr5,971.57 Cr
Investing Cash Flow 151.00 Cr-756.00 Cr-101.00 Cr46.00 Cr457.00 Cr121.00 Cr861.00 Cr--942.95 Cr-1,830.96 Cr-1,302.04 Cr-3,307.66 Cr
Financing Cash Flow 23,098.00 Cr15,291.00 Cr-3,947.00 Cr28,244.00 Cr35,543.00 Cr33,926.00 Cr42,113.00 Cr-38,122.84 Cr59,587.82 Cr40,033.60 Cr-2,375.02 Cr
Capital Expenditure -45.00 Cr-259.00 Cr-204.00 Cr-74.00 Cr-91.00 Cr-100.00 Cr-74.00 Cr--17.68 Cr-33.63 Cr-82.88 Cr-69.64 Cr
Free Cash Flow -23,943.00 Cr-13,537.00 Cr6,601.00 Cr-32,584.00 Cr-35,957.00 Cr-32,812.00 Cr-43,586.00 Cr--37,377.45 Cr-57,756.27 Cr-39,146.96 Cr5,901.93 Cr
Net Change in Cash -649.00 Cr1,257.00 Cr2,757.00 Cr-4,220.00 Cr134.00 Cr1,336.00 Cr-538.00 Cr--179.88 Cr34.22 Cr-332.52 Cr288.89 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % ------------
Operating Margin % ------------
Net Margin % 26.0%23.6%25.9%19.6%22.6%16.6%23.6%-76.5%82.0%72.5%74.7%
ROE % 21.3%19.7%18.7%13.7%16.6%14.0%19.1%-19.2%20.4%20.3%19.2%
ROCE % ------------

Shareholding Pattern

Insiders
52.65%
Institutions
23.80%
Public Float
50.27%

Analyst View

Loading analyst coverage…

Latest News

Recent headlines for RECLTD

Google News Mon, 07 Sep 2026

News by CNBC TV18 on TradingView, 2026-09-07 — cnbctv:d198772f5094b:0 - TradingView

<a href="https://news.google.com/rss/articles/CBMiZ0FVX3lxTFBJUU9qT0c2enp2dWhDUTRBS1RtNWRYSUdFVTcxSDJ4ZVpYTlk4RDhYS1o5N2Jia0t0eWxpeDdOT0xOdzh3MkRrRVpUMXdibWlZOVQxN05uZVdRbi1rTWZmcE1Nb0lPZTA?oc=5" target="_blank">News by CNBC TV18 on Trading…

Google News Mon, 07 Sep 2026

India new issue-REC accepts bids for debut tokenised corporate bond issue, bankers say - marketscreener.com

<a href="https://news.google.com/rss/articles/CBMi1AFBVV95cUxPb1k5RjlaNHNMYjRGMlBzWU5KejFTLXRhOC1SNE11dnVadUF1WEpORS13SHJEMFBKWGNYblFtdTZrbjFiZ1A2bWVZMXQ5b0wyUFNZX011Sk1ZZFRUcjJlazMyRXZPdGE1OWY1WGlXZkxVRGYtbTVnRFlSOVVBX0FPNXRJWXE1b1lrZjFrcl…

Google News Fri, 04 Sep 2026

RECLTD Outlook for the Week - equitypandit.com

<a href="https://news.google.com/rss/articles/CBMiaEFVX3lxTFBqbzFOZEpwS1lDekplODNvcGdtUnVnQ2VHOFVFOVFTSFNRcFktR1I4cUNhSDdRdG02cE5UbkYybnNLa3pYUTdTYVcxNnppLWxZRGJlbWU2UXVuQTdtNkRXY3J4aThSbTJy?oc=5" target="_blank">RECLTD Outlook for the Week…

Google News Mon, 19 Jan 2026

Individual investors own 24% of REC Limited (NSE:RECLTD) shares but public companies control 53% of the company - simplywall.st

<a href="https://news.google.com/rss/articles/CBMi2wFBVV95cUxQeUhrUlBVd2I3M05USnBpX0J1WjJVSHdJOTVyNE94Y0F6b2tkUGFGX0dVS0s2eTB6czRIVnJXTWVWc2paWGFudTB1cTE4MUdDbldyMjhjbGxEUGJKOUh6MHB5SWhRQ1p5MHhqX24wUmtVVXE4TC1pYnJQZzU3WkZHRWlrR3pfdWJzTHdsZX…

Google News Mon, 29 Jun 2026

REC and PFC Boards Approve Merger to Form INR 11 Lakh Crore Power Lender - The Globe and Mail

<a href="https://news.google.com/rss/articles/CBMi6AFBVV95cUxPRy02cmtuMDdNXzNRVlVZejVmcko2eFlMVU5UcU1JQUVsb2wxNkl0T1RrUHFXWEpyZl8xVDBncDVqT2V0X3FZNVVsdnk4ellpR3g2UC1VcW96R1FYZFFUZ1hOY1B5czVaT0tvUnp6SXdFcy14TkhiSXp6OTJid3ZRelJRLW52Z1U1XzhyeG…

Google News Wed, 29 Apr 2026

REC stock falls over 3% after Q4 profit decline, earnings miss; broker downgrades weigh despite asset... - Moneycontrol.com

<a href="https://news.google.com/rss/articles/CBMiiAJBVV95cUxOSWR3UFBJLTN5RklZV0JIbFNPeVNaOU5jLUl4Q3lJOG9oVklZY3QzMmk5YTVBYkhrZHBYbFpJM0xDUDJqOERQMWxfRFU4R1pGa1NiVnk1TlpVVzZzQWJoNW91aTU4SGNTdVdzQnlQelZRVUZ3Z2M4NVRQdVJleElST2VBejR0eFJzSVBxRl…

RECLTD — Frequently Asked Questions

What is the current share price of REC Limited (RECLTD)?

As of 2026-09-08 04:53 IST, REC Limited (RECLTD) trades at ₹318.70 on NSE. Its 52-week range is ₹300.29 to ₹377.31.

What is the market capitalisation of RECLTD?

REC Limited (RECLTD) has a market capitalisation of ₹83,920.85 Cr on NSE.

What is the P/E ratio of RECLTD?

RECLTD trades at a trailing price-to-earnings (P/E) ratio of 5.16. The industry average P/E is 19.62. Its price-to-book (P/B) ratio is 1.15.

Does RECLTD pay a dividend?

REC Limited (RECLTD) currently offers a dividend yield of 1.72%.

What is the return on equity (ROE) of RECLTD?

RECLTD has a return on equity (ROE) of 19.17%.

Is RECLTD a good stock to buy?

This page provides a data-driven analysis of REC Limited (RECLTD), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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