REC Ltd
₹ 120
0.71%
28 Jun
- close price
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
- Market Cap ₹ 23,739 Cr.
- Current Price ₹ 120
- High / Low ₹ 169 / 110
- Stock P/E 2.37
- Book Value ₹ 260
- Dividend Yield 10.6 %
- ROCE 9.11 %
- ROE 21.2 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.46 times its book value
- Stock is providing a good dividend yield of 10.57%.
- Company has been maintaining a healthy dividend payout of 34.59%
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
Sector: Finance Industry: Finance - Term-Lending Institutions
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Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 8,379 | 10,508 | 13,634 | 17,223 | 20,544 | 24,125 | 24,338 | 22,658 | 25,408 | 29,942 | 35,556 | 39,269 | |
| 179 | 346 | 365 | 572 | 1,149 | 1,680 | 1,888 | 3,379 | 1,702 | 3,981 | 3,292 | 4,839 | |
| Operating Profit | 8,200 | 10,162 | 13,270 | 16,650 | 19,395 | 22,445 | 22,450 | 19,279 | 23,705 | 25,961 | 32,265 | 34,430 |
| OPM % | 98% | 97% | 97% | 97% | 94% | 93% | 92% | 85% | 93% | 87% | 91% | 88% |
| 153 | 46 | 4 | 6 | 6 | 4 | 24 | 18 | 33 | 72 | 15 | 70 | |
| Interest | 4,851 | 6,379 | 8,083 | 10,035 | 11,840 | 14,282 | 13,462 | 13,333 | 15,639 | 18,991 | 21,489 | 22,051 |
| Depreciation | 3 | 3 | 4 | 5 | 8 | 20 | 40 | 7 | 8 | 12 | 11 | 18 |
| Profit before tax | 3,499 | 3,826 | 5,186 | 6,617 | 7,552 | 8,147 | 8,972 | 5,958 | 8,090 | 7,030 | 10,780 | 12,431 |
| Tax % | 26% | 26% | 26% | 28% | 29% | 30% | 30% | 25% | 29% | 29% | 22% | 19% |
| Net Profit | 2,585 | 2,839 | 3,833 | 4,741 | 5,344 | 5,691 | 6,313 | 4,451 | 5,741 | 4,972 | 8,378 | 10,036 |
| EPS in Rs | 13.09 | 14.37 | 19.41 | 24.01 | 27.06 | 28.82 | 31.97 | 22.54 | 29.07 | 25.18 | 42.42 | 50.82 |
| Dividend Payout % | 29% | 26% | 21% | 20% | 20% | 30% | 30% | 41% | 38% | 44% | 30% | 30% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 10% |
| 3 Years: | 16% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 10% |
| 3 Years: | 20% |
| TTM: | 20% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | -7% |
| 3 Years: | -10% |
| 1 Year: | -16% |
| Return on Equity | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 18% |
| 3 Years: | 19% |
| Last Year: | 21% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 987 | 987 | 987 | 987 | 987 | 987 | 1,975 | 1,975 | 1,975 | 1,975 | 1,975 | 1,975 | |
| Reserves | 11,840 | 13,636 | 16,543 | 19,816 | 24,085 | 27,906 | 31,696 | 30,613 | 32,571 | 33,422 | 41,231 | 49,339 |
| 70,040 | 90,058 | 107,762 | 126,173 | 150,979 | 169,212 | 167,852 | 204,367 | 244,249 | 286,289 | 329,723 | 333,043 | |
| 3,703 | 3,947 | 5,277 | 5,968 | 7,404 | 8,840 | 8,723 | 5,416 | 19,659 | 25,345 | 27,938 | 26,503 | |
| Total Liabilities | 86,570 | 108,629 | 130,570 | 152,944 | 183,456 | 206,945 | 210,245 | 242,370 | 298,454 | 347,030 | 400,867 | 410,860 |
| 66 | 71 | 72 | 73 | 110 | 254 | 355 | 132 | 165 | 166 | 267 | 628 | |
| CWIP | 3 | 8 | 9 | 10 | 10 | 78 | 166 | 129 | 199 | 288 | 336 | 6 |
| Investments | 837 | 733 | 638 | 1,690 | 1,596 | 2,352 | 2,617 | 2,948 | 2,463 | 2,386 | 1,981 | 2,190 |
| 85,665 | 107,817 | 129,851 | 151,170 | 181,740 | 204,261 | 207,108 | 239,162 | 295,627 | 344,190 | 398,282 | 408,035 | |
| Total Assets | 86,570 | 108,629 | 130,570 | 152,944 | 183,456 | 206,945 | 210,245 | 242,370 | 298,454 | 347,030 | 400,867 | 410,860 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -12,757 | -15,825 | -20,059 | -17,244 | -23,898 | -13,278 | 6,805 | -32,510 | -35,866 | -32,712 | -43,512 | -3,910 | |
| 79 | 140 | 152 | 136 | 151 | -756 | -101 | 46 | 457 | 121 | 861 | -287 | |
| 14,150 | 18,166 | 16,059 | 16,815 | 23,098 | 15,291 | -3,947 | 28,244 | 35,543 | 33,926 | 42,113 | 3,159 | |
| Net Cash Flow | 1,473 | 2,481 | -3,847 | -293 | -649 | 1,257 | 2,757 | -4,220 | 134 | 1,336 | -538 | -1,038 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1 | 1 | 1 | 1 | 2 | 4 | 7 | 2 | 2 | 1 | 1 | 1 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 1 | 1 | 1 | 1 | 2 | 4 | 7 | 2 | 2 | 1 | 1 | 1 |
| Working Capital Days | -128 | -92 | -156 | -103 | -152 | 197 | -3 | -4 | 16 | 9 | -2 | 35 |
| ROCE % | 11% | 11% | 12% | 12% | 12% | 12% | 11% | 9% | 9% | 9% | 9% | 9% |
Documents
Announcements
- Board Meeting Intimation for Consideration Of Proposal Relating To Issue Of Bonus Shares To The Equity Shareholders Of The Company. 17 Jun
- Sale And Transfer Of Rajgarh Transmission Limited, Wholly Owned Subsidiary Of RECPDCL And Also Of REC. 30 May
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Compliances-Reg.24(A)-Annual Secretarial Compliance
28 May - Has reference to compliance under Regulation 24A of the SEBI (LODR) Regulations, 2015, read with SEBI Circular no. CIR/CFD/CMD1/27/2019, dated February 8, 2019 for filing …
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Announcement under Regulation 30 (LODR)-Change in Directorate
17 May - The Secretariat of the Appointments Committee of the Cabinet (ACC), Ministry of Personnel, Public Grievances and Pensions, Department of Personnel and Training (DoPT), Government of …
- Outcome Of Board Meeting - Submission Of Annual Audited Financial Results (Standalone And Consolidated) Of The Company For The Quarter & Year Ended March 31, 2022 And Recommendation For Declaration Of Final Dividend For FY 2021-22. 13 May
Annual reports
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Financial Year 2009
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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]