REC Ltd

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

₹ 313 1.52%
25 Sep - close price
recindia.nic.in BSE: 532955 NSE: RECLTD F&O
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 Offerings [1] [2]
The company provides long-term loans and other financial products to State, Centre, and Private Sector Companies to create assets and meet other requirements in the country. REC finances the following sectors:
a) Power Sector Infrastructure: Long-term financing for generation, transmission, distribution, and coal mines.
b) Renewable Energy & New Technologies: Financing for solar, wind, biomass, pumped storage, green hydrogen, BESS, smart meters, e-mobility, and other emerging technologies.
c) Infrastructure & Logistics Sector: Financing for metros, roads & highways, airports, IT & communication infrastructure, ports & waterways, logistics, healthcare, water and sanitation projects.

Website BSE NSE F&O
  • Market Cap ₹ 82,407 Cr.
  • Current Price ₹ 313
  • High / Low ₹ 390 / 304
  • Stock P/E 5.16
  • Book Value ₹ 318
  • Dividend Yield 5.93 %
  • ROCE 9.71 %
  • ROE 20.3 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.98 times its book value
  • Stock is providing a good dividend yield of 5.93%.
  • Company has been maintaining a healthy dividend payout of 30.1%

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 10.8% over past five years.
  • 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

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
10,976 11,576 11,982 12,613 13,023 13,571 14,157 15,159 14,646 15,084 14,944 14,386 14,296
Interest 7,050 7,350 7,653 7,896 8,021 8,507 8,837 8,770 8,935 9,132 9,243 8,932 8,748
213 -573 227 -406 684 44 219 1,013 145 404 586 1,071 367
Financing Profit 3,713 4,799 4,102 5,124 4,318 5,021 5,100 5,376 5,566 5,549 5,115 4,384 5,181
Financing Margin % 34% 41% 34% 41% 33% 37% 36% 35% 38% 37% 34% 30% 36%
5 14 18 30 14 25 16 15 87 10 8 20 35
Depreciation 6 6 6 6 6 6 6 6 7 7 7 7 7
Profit before tax 3,712 4,807 4,114 5,148 4,326 5,040 5,110 5,385 5,647 5,553 5,116 4,397 5,209
Tax % 20% 22% 21% 22% 20% 21% 21% 21% 21% 20% 21% 24% 20%
2,961 3,773 3,269 4,016 3,442 4,005 4,029 4,236 4,451 4,426 4,043 3,362 4,149
EPS in Rs 11.24 14.33 12.42 15.25 13.07 15.21 15.30 16.09 16.90 16.81 15.35 12.77 15.76
Gross NPA %
Net NPA %
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
20,384 23,752 23,753 22,461 25,318 29,773 35,392 39,169 39,216 47,159 55,912 59,142 58,710
Interest 11,845 14,283 13,450 13,337 15,642 18,997 21,489 22,053 23,738 29,949 34,135 36,241 36,055
1,110 1,422 1,456 3,240 1,591 3,837 3,152 4,734 1,746 -545 1,953 2,196 2,428
Financing Profit 7,430 8,047 8,847 5,884 8,086 6,939 10,751 12,382 13,733 17,754 19,825 20,705 20,228
Financing Margin % 36% 34% 37% 26% 32% 23% 30% 32% 35% 38% 35% 35% 34%
4 4 19 5 22 54 15 61 30 50 60 35 74
Depreciation 7 5 5 6 7 10 10 18 24 24 24 27 27
Profit before tax 7,427 8,045 8,861 5,884 8,100 6,983 10,756 12,425 13,739 17,781 19,860 20,713 20,276
Tax % 29% 30% 30% 25% 29% 30% 22% 19% 20% 21% 21% 21%
5,260 5,628 6,246 4,420 5,764 4,886 8,362 10,046 11,055 14,019 15,713 16,282 15,981
EPS in Rs 19.98 21.37 23.72 16.79 21.89 18.56 31.76 38.15 41.98 53.24 59.67 61.83 60.69
Dividend Payout % 20% 30% 31% 41% 38% 44% 30% 30% 30% 30% 30% 30%
Compounded Sales Growth
10 Years: 10%
5 Years: 11%
3 Years: 15%
TTM: 2%
Compounded Profit Growth
10 Years: 11%
5 Years: 14%
3 Years: 14%
TTM: -4%
Stock Price CAGR
10 Years: 13%
5 Years: 22%
3 Years: 3%
1 Year: -15%
Return on Equity
10 Years: 20%
5 Years: 21%
3 Years: 21%
Last Year: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 987 987 1,975 1,975 1,975 1,975 1,975 1,975 2,633 2,633 2,633 2,633
Reserves 23,870 27,630 31,351 30,328 32,328 33,102 41,451 49,011 55,046 66,150 74,446 81,099
Borrowing 151,024 169,106 167,517 204,439 244,321 286,340 329,782 333,102 380,836 445,614 496,848 515,330
7,294 8,629 8,393 4,927 19,093 25,071 27,025 26,325 26,361 33,043 39,628 40,014
Total Liabilities 183,175 206,353 209,236 241,669 297,717 346,488 400,233 410,413 464,877 547,440 613,555 639,076
74 119 121 128 162 162 266 628 641 631 628 614
CWIP 7 32 60 129 199 288 336 6 3 24 76 128
Investments 1,613 2,467 2,696 2,825 2,398 2,313 1,910 2,158 3,138 5,320 6,642 9,799
181,480 203,736 206,359 238,587 294,959 343,724 397,721 407,621 461,096 541,466 606,210 628,535
Total Assets 183,175 206,353 209,236 241,669 297,717 346,488 400,233 410,413 464,877 547,440 613,555 639,076

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-23,992 -13,205 6,794 -32,778 -36,013 -32,448 -43,520 -872 -37,482 -57,885 -39,182 5,914
245 -740 139 288 585 -136 864 -210 -804 -1,875 -1,146 -3,319
23,076 15,150 -4,173 28,236 35,559 33,919 42,119 68 38,111 59,588 40,034 -2,375
Net Cash Flow -670 1,206 2,760 -4,254 131 1,335 -538 -1,014 -175 -173 -295 220
Free Cash Flow -23,999 -13,309 6,767 -32,851 -36,103 -32,548 -43,594 -919 -37,499 -57,918 -39,188 5,890
CFO/OP -113% -48% 42% -159% -143% -118% -127% 6% -93% -115% -65% 17%

Ratios

Standalone / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
ROE % 23% 21% 20% 13% 17% 14% 21% 21% 20% 22% 22% 20%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Outstanding Loan Book (AUM)
₹ crore

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Total Disbursements
₹ crore
Total Sanctions
₹ crore
Distribution Sector Loan Book
₹ crore
Gross Credit-Impaired Assets
%
Net Credit-Impaired Assets
%
Renewable Energy Loan Book
₹ crore
Capital Adequacy Ratio
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63%
20.36% 20.60% 19.91% 20.43% 21.22% 21.74% 20.48% 19.16% 17.97% 16.46% 15.79% 15.76%
14.10% 14.16% 15.44% 14.68% 14.25% 13.91% 14.79% 15.51% 15.86% 16.21% 16.36% 16.98%
0.04% 0.04% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05%
12.87% 12.55% 11.96% 12.21% 11.84% 11.67% 12.05% 12.65% 13.48% 14.64% 15.17% 14.57%
No. of Shareholders 6,21,5786,89,1927,70,80810,33,68410,40,88810,41,31710,82,79811,26,51111,54,54211,79,93112,08,64711,75,194

* 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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