REC Ltd

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

REC Ltd

₹ 393 -0.59%
03 Jul - 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 ₹ 1,03,486 Cr.
  • Current Price ₹ 393
  • High / Low ₹ 654 / 357
  • Stock P/E 6.59
  • Book Value ₹ 295
  • Dividend Yield 4.07 %
  • ROCE 10.0 %
  • ROE 21.5 %
  • Face Value ₹ 10.0
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Pros

  • Stock is providing a good dividend yield of 4.07%.
  • Company has been maintaining a healthy dividend payout of 30.1%

Cons

  • Company has low interest coverage ratio.
  • Company might be capitalizing the interest cost
  • Working capital days have increased from 1,250 days to 3,649 days

* 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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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
9,580 9,460 9,940 9,695 10,113 10,976 11,576 11,982 12,613 13,023 13,571 14,157 15,159
1,410 1,146 785 12 -191 213 -573 227 -406 684 44 219 1,013
Operating Profit 8,170 8,314 9,155 9,683 10,304 10,763 12,149 11,755 13,020 12,339 13,528 13,938 14,146
OPM % 85% 88% 92% 100% 102% 98% 105% 98% 103% 95% 100% 98% 93%
21 9 9 17 11 5 14 18 30 14 25 16 15
Interest 5,353 5,377 5,729 6,135 6,497 7,050 7,350 7,653 7,896 8,021 8,507 8,837 8,770
Depreciation 5 6 6 6 6 6 6 6 6 6 6 6 6
Profit before tax 2,833 2,940 3,429 3,559 3,811 3,712 4,807 4,114 5,148 4,326 5,040 5,110 5,385
Tax % 19% 17% 20% 19% 21% 20% 22% 21% 22% 20% 21% 21% 21%
2,288 2,447 2,728 2,878 3,001 2,961 3,773 3,269 4,016 3,442 4,005 4,029 4,236
EPS in Rs 8.69 9.29 10.36 10.93 11.40 11.24 14.33 12.42 15.25 13.07 15.21 15.30 16.09
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
17,115 20,384 23,752 23,753 22,461 25,318 29,773 35,392 39,169 39,216 47,159 55,911
547 1,110 1,422 1,456 3,240 1,591 3,837 3,152 4,734 1,746 -545 1,960
Operating Profit 16,568 19,275 22,330 22,297 19,222 23,727 25,936 32,240 34,435 37,470 47,704 53,951
OPM % 97% 95% 94% 94% 86% 94% 87% 91% 88% 96% 101% 96%
6 4 4 19 5 22 54 15 61 30 50 68
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
Depreciation 4 7 5 5 6 7 10 10 18 24 24 24
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
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
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
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: 19%
Compounded Profit Growth
10 Years: 12%
5 Years: 26%
3 Years: 16%
TTM: 12%
Stock Price CAGR
10 Years: 14%
5 Years: 37%
3 Years: 60%
1 Year: -30%
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
Equity Capital 987 987 987 1,975 1,975 1,975 1,975 1,975 1,975 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
126,240 151,024 169,106 167,517 204,439 244,321 286,340 329,782 333,102 380,836 445,614 486,775
5,943 7,294 8,629 8,393 4,927 19,093 25,071 27,025 26,325 26,361 33,043 49,142
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
72 74 119 121 128 162 162 266 628 641 631 628
CWIP 10 7 32 60 129 199 288 336 6 3 24 76
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
151,063 181,480 203,736 206,359 238,587 294,959 343,724 397,721 407,621 461,096 541,466 606,210
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

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
Debtor Days 0 0 0 0 0 0 0 0 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 0 0 0 0 0 0 0 0 0 0 0 0
Working Capital Days -105 -154 566 271 2 21 10 -1 35 69 33 3,649
ROCE % 12% 12% 12% 11% 9% 9% 9% 9% 9% 9% 10% 10%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 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%
23.36% 23.41% 21.50% 21.52% 21.90% 20.36% 20.60% 19.91% 20.43% 21.22% 21.74% 20.48%
8.68% 11.95% 12.11% 11.87% 12.02% 14.10% 14.16% 15.44% 14.68% 14.25% 13.91% 14.79%
0.00% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.05% 0.05% 0.05% 0.05% 0.05%
15.32% 11.97% 13.73% 13.93% 13.41% 12.87% 12.55% 11.96% 12.21% 11.84% 11.67% 12.05%
No. of Shareholders 4,67,0245,20,5075,50,0675,76,7595,71,8156,21,5786,89,1927,70,80810,33,68410,40,88810,41,31710,82,798

* 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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Documents

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