REC Ltd

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

REC Ltd

₹ 354 -2.54%
30 Apr - 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 ₹ 93,282 Cr.
  • Current Price ₹ 354
  • High / Low ₹ 432 / 304
  • Stock P/E 5.71
  • Book Value ₹ 323
  • Dividend Yield 5.08 %
  • ROCE 9.71 %
  • ROE 20.0 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 1.10 times its book value
  • Stock is providing a good dividend yield of 5.08%.
  • Company has been maintaining a healthy dividend payout of 29.9%

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 10.9% 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
10,243 11,104 11,688 12,052 12,677 13,079 13,682 14,272 15,334 14,737 15,153 15,051 14,564
Interest 6,496 7,049 7,350 7,654 7,896 8,020 8,506 8,837 8,768 8,934 9,131 9,243 8,931
-149 332 -492 240 -425 717 97 263 1,084 217 476 655 1,231
Financing Profit 3,896 3,723 4,831 4,158 5,206 4,341 5,079 5,172 5,482 5,587 5,546 5,154 4,402
Financing Margin % 38% 34% 41% 34% 41% 33% 37% 36% 36% 38% 37% 34% 30%
12 4 13 20 29 14 24 15 15 87 10 -11 20
Depreciation 6 6 6 6 6 6 6 6 6 7 7 7 7
Profit before tax 3,901 3,721 4,838 4,172 5,229 4,349 5,097 5,181 5,490 5,666 5,549 5,136 4,415
Tax % 21% 20% 22% 21% 22% 20% 21% 21% 21% 21% 20% 21% 24%
3,065 2,968 3,790 3,308 4,079 3,460 4,038 4,076 4,310 4,466 4,415 4,052 3,375
EPS in Rs 11.64 11.27 14.39 12.56 15.49 13.14 15.33 15.48 16.37 16.96 16.77 15.39 12.82
Gross NPA %
Net NPA %
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
20,544 24,125 24,338 22,658 25,408 29,942 35,556 39,276 39,486 47,517 56,369 59,584
Interest 11,840 14,282 13,462 13,333 15,639 18,991 21,489 22,051 23,733 29,948 34,131 36,238
1,149 1,680 1,888 3,379 1,702 3,981 3,292 4,838 1,858 -366 2,153 2,579
Financing Profit 7,555 8,162 8,988 5,946 8,066 6,969 10,776 12,387 13,894 17,936 20,084 20,767
Financing Margin % 37% 34% 37% 26% 32% 23% 30% 32% 35% 38% 36% 35%
6 4 24 18 33 72 15 62 28 48 58 26
Depreciation 8 20 40 7 8 12 11 18 24 24 25 27
Profit before tax 7,552 8,147 8,972 5,958 8,090 7,030 10,780 12,431 13,898 17,960 20,117 20,766
Tax % 29% 30% 30% 25% 29% 29% 22% 19% 20% 21% 21% 21%
5,344 5,691 6,313 4,451 5,741 4,972 8,378 10,036 11,167 14,145 15,884 16,308
EPS in Rs 20.30 21.61 23.98 16.90 21.80 18.88 31.82 38.11 42.41 53.72 60.32 61.93
Dividend Payout % 20% 30% 30% 41% 38% 44% 30% 30% 30% 30% 30% 30%
Compounded Sales Growth
10 Years: 9%
5 Years: 11%
3 Years: 15%
TTM: 6%
Compounded Profit Growth
10 Years: 11%
5 Years: 14%
3 Years: 13%
TTM: 3%
Stock Price CAGR
10 Years: 18%
5 Years: 30%
3 Years: 39%
1 Year: -16%
Return on Equity
10 Years: 20%
5 Years: 21%
3 Years: 21%
Last Year: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 24,085 27,906 31,696 30,613 32,571 33,422 41,789 49,339 55,487 66,717 75,743 82,421
Borrowing 150,979 169,212 167,852 204,367 244,249 286,289 329,723 333,043 380,790 445,568 496,243 514,725
7,404 8,840 8,723 5,416 19,659 25,345 27,380 26,503 26,592 33,273 39,883 40,378
Total Liabilities 183,456 206,945 210,245 242,370 298,454 347,030 400,867 410,860 465,503 548,191 614,502 640,158
110 254 355 132 165 166 267 628 641 632 629 616
CWIP 10 78 166 129 199 288 336 6 3 24 76 128
Investments 1,596 2,352 2,617 2,948 2,463 2,386 1,981 2,190 3,170 5,352 6,674 9,831
181,740 204,261 207,108 239,162 295,627 344,190 398,282 408,035 461,689 542,184 607,123 629,583
Total Assets 183,456 206,945 210,245 242,370 298,454 347,030 400,867 410,860 465,503 548,191 614,502 640,158

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-23,898 -13,278 6,805 -32,510 -35,866 -32,712 -43,512 -819 -37,360 -57,723 -39,064 5,972
151 -756 -101 46 457 121 861 -287 -943 -1,831 -1,302 -3,308
23,098 15,291 -3,947 28,244 35,543 33,926 42,113 68 38,123 59,588 40,034 -2,375
Net Cash Flow -649 1,257 2,757 -4,220 134 1,336 -538 -1,038 -180 34 -333 289
Free Cash Flow -23,943 -13,537 6,601 -32,584 -35,957 -32,812 -43,586 -867 -37,377 -57,756 -39,147 5,896
CFO/OP -111% -48% 42% -157% -143% -119% -126% 7% -92% -114% -64% 17%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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

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Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Gross NPA %
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Net NPA %
%
Outstanding Loan Assets
₹ Crore
Total Disbursements
₹ Crore
Total Sanctions
₹ Crore

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 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%
21.90% 20.36% 20.60% 19.91% 20.43% 21.22% 21.74% 20.48% 19.16% 17.97% 16.46% 15.79%
12.02% 14.10% 14.16% 15.44% 14.68% 14.25% 13.91% 14.79% 15.51% 15.86% 16.21% 16.36%
0.04% 0.04% 0.04% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05%
13.41% 12.87% 12.55% 11.96% 12.21% 11.84% 11.67% 12.05% 12.65% 13.48% 14.64% 15.17%
No. of Shareholders 5,71,8156,21,5786,89,1927,70,80810,33,68410,40,88810,41,31710,82,79811,26,51111,54,54211,79,93112,08,647

* 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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