REC Ltd

REC Ltd Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

REC Ltd

₹ 372 -2.51%
06 Feb - close price
recindia.nic.in BSE: 532955 NSE: RECLTD
About

REC is a Central Public Sector Undertaking under the Ministry of Power involved in financing projects in the complete power sector value chain from generation to distribution. [1]

Key Points

Services Offered
Loan for Generation Projects - Setting up new power generating stations based on conventional sources and renewable sources of energy.
Loan for Transmission Projects - Evacuation of power from new power generating stations and strengthening/ improvement of existing transmission systems in the designated areas.
Loan for Distribution Projects - Strengthening and improvement of the power sub-transmission and distribution system in the designated areas.
Short-term loans/Medium-term loans - Working capital requirements for purposes like purchase of fuel for power plant, purchase of power, purchase of material and minor equipment, system and network maintenance including repair of transformers, etc. [1]
Infra Finance Co. recently forayed into lending to Infra and Logistics sector. Co. provides loans to Metro, Road and highways, Port Waterways, and Steel Infra developers.[2]

Website BSE NSE
  • Market Cap ₹ 98,088 Cr.
  • Current Price ₹ 372
  • High / Low ₹ 450 / 331
  • Stock P/E 5.72
  • Book Value ₹ 314
  • Dividend Yield 4.83 %
  • ROCE 9.92 %
  • ROE 21.5 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Stock is trading at 1.19 times its book value
  • Stock is providing a good dividend yield of 4.83%.
  • Company has been maintaining a healthy dividend payout of 30.1%
  • Company's working capital requirements have reduced from 40.2 days to 18.9 days

Cons

  • Company has low interest coverage ratio.
  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

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Part of BSE 500 BSE 100 BSE 200 BSE Dollex 200 BSE PSU

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
9,695 10,113 10,976 11,576 11,982 12,613 13,023 13,571 14,157 15,178 14,646 15,084 14,911
Interest 6,135 6,497 7,050 7,350 7,653 7,896 8,021 8,507 8,837 8,770 8,935 9,132 9,243
12 -191 213 -573 227 -406 684 44 219 1,031 145 404 586
Financing Profit 3,548 3,807 3,713 4,799 4,102 5,124 4,318 5,021 5,100 5,376 5,566 5,549 5,081
Financing Margin % 37% 38% 34% 41% 34% 41% 33% 37% 36% 35% 38% 37% 34%
17 11 5 14 18 30 14 25 16 15 87 10 42
Depreciation 6 6 6 6 6 6 6 6 6 6 7 7 7
Profit before tax 3,559 3,811 3,712 4,807 4,114 5,148 4,326 5,040 5,110 5,385 5,647 5,553 5,116
Tax % 19% 21% 20% 22% 21% 22% 20% 21% 21% 21% 21% 20% 21%
2,878 3,001 2,961 3,773 3,269 4,016 3,442 4,005 4,029 4,236 4,451 4,426 4,043
EPS in Rs 10.93 11.40 11.24 14.33 12.42 15.25 13.07 15.21 15.30 16.09 16.90 16.81 15.35
Gross NPA %
Net NPA %
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
17,115 20,384 23,752 23,753 22,461 25,318 29,773 35,392 39,169 39,216 47,159 55,912 59,819
Interest 10,038 11,845 14,283 13,450 13,337 15,642 18,997 21,489 22,053 23,738 29,949 34,135 36,080
547 1,110 1,422 1,456 3,240 1,591 3,837 3,152 4,734 1,746 -545 1,953 2,167
Financing Profit 6,530 7,430 8,047 8,847 5,884 8,086 6,939 10,751 12,382 13,733 17,754 19,825 21,573
Financing Margin % 38% 36% 34% 37% 26% 32% 23% 30% 32% 35% 38% 35% 36%
6 4 4 19 5 22 54 15 61 30 50 60 154
Depreciation 4 7 5 5 6 7 10 10 18 24 24 24 26
Profit before tax 6,531 7,427 8,045 8,861 5,884 8,100 6,983 10,756 12,425 13,739 17,781 19,860 21,701
Tax % 28% 29% 30% 30% 25% 29% 30% 22% 19% 20% 21% 21%
4,684 5,260 5,628 6,246 4,420 5,764 4,886 8,362 10,046 11,055 14,019 15,713 17,156
EPS in Rs 17.79 19.98 21.37 23.72 16.79 21.89 18.56 31.76 38.15 41.98 53.24 59.67 65.15
Dividend Payout % 20% 20% 30% 31% 41% 38% 44% 30% 30% 30% 30% 30%
Compounded Sales Growth
10 Years: 11%
5 Years: 13%
3 Years: 13%
TTM: 12%
Compounded Profit Growth
10 Years: 12%
5 Years: 26%
3 Years: 16%
TTM: 11%
Stock Price CAGR
10 Years: 20%
5 Years: 28%
3 Years: 47%
1 Year: -16%
Return on Equity
10 Years: 20%
5 Years: 21%
3 Years: 21%
Last Year: 21%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 987 987 987 1,975 1,975 1,975 1,975 1,975 1,975 2,633 2,633 2,633 2,633
Reserves 19,682 23,870 27,630 31,351 30,328 32,328 33,102 41,451 49,011 55,046 66,150 75,005 80,106
Borrowing 126,240 151,024 169,106 167,517 204,439 244,321 286,340 329,782 333,102 380,836 445,614 496,289 516,546
5,943 7,294 8,629 8,393 4,927 19,093 25,071 27,025 26,325 26,361 33,043 39,628 40,086
Total Liabilities 152,853 183,175 206,353 209,236 241,669 297,717 346,488 400,233 410,413 464,877 547,440 613,555 639,371
72 74 119 121 128 162 162 266 628 641 631 628 618
CWIP 10 7 32 60 129 199 288 336 6 3 24 76 105
Investments 1,708 1,613 2,467 2,696 2,825 2,398 2,313 1,910 2,158 3,138 5,320 6,642 8,140
151,063 181,480 203,736 206,359 238,587 294,959 343,724 397,721 407,621 461,096 541,466 606,210 630,509
Total Assets 152,853 183,175 206,353 209,236 241,669 297,717 346,488 400,233 410,413 464,877 547,440 613,555 639,371

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-17,283 -23,992 -13,205 6,794 -32,778 -36,013 -32,448 -43,520 -872 -37,482 -57,885 -39,182
139 245 -740 139 288 585 -136 864 -210 -804 -1,875 -1,146
16,853 23,076 15,150 -4,173 28,236 35,559 33,919 42,119 68 38,111 59,588 40,034
Net Cash Flow -291 -670 1,206 2,760 -4,254 131 1,335 -538 -1,014 -175 -173 -295

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
ROE % 25% 23% 21% 20% 13% 17% 14% 21% 21% 20% 22% 21%

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63%
21.52% 21.90% 20.36% 20.60% 19.91% 20.43% 21.22% 21.74% 20.48% 19.16% 17.97% 16.46%
11.87% 12.02% 14.10% 14.16% 15.44% 14.68% 14.25% 13.91% 14.79% 15.51% 15.86% 16.21%
0.04% 0.04% 0.04% 0.04% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05%
13.93% 13.41% 12.87% 12.55% 11.96% 12.21% 11.84% 11.67% 12.05% 12.65% 13.48% 14.64%
No. of Shareholders 5,76,7595,71,8156,21,5786,89,1927,70,80810,33,68410,40,88810,41,31710,82,79811,26,51111,54,54211,79,931

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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