RECLTD · NSE
REC Limited
₹312
+0.48% (+₹1.5)
Prev. close
₹310.5
Volume
46,86,436
Delivery %
61.8%
As of
18 Sept 2026
Price history
Analyst sentiment
Analysts lean bearish
4 analyst stances · last 90 days · one per analyst
Trackable
4 · 1 bull / 1 neutral / 2 bear
Long-Horizon
none in window
Commentary
none in window
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
| Call | Analyst | Instrument | Verdict | Actions |
|---|---|---|---|---|
| “Bearish on REC, recommending to sell at ₹310 with a target of ₹290 and a stop loss at ₹316.” | Vaishali ParekhPrabhudas Lilladher | REC Limited | PENDING | |
| “Consensus analyst estimates from Trendlyne project REC to deliver a potential upside of 35% over the next 12 months, wit…” | ETMarkets AnalysisETMarkets.com | REC Limited | PENDING | |
| “Downgraded REC to 'equalweight' from 'overweight', cutting its price target to ₹360 from ₹430, implying an 8% upside. Th…” | Morgan Stanley AnalysisMorgan Stanley India | REC Ltd. | PENDING | |
| “Bearish on REC, expecting outflows of $79 million as the power financier exits the Nifty Next 50 index. The stock has al…” | Nuvama AnalysisNuvama Alternative & Quantitative Research | Rural Electrification Corporation Limited | HIT |
Fundamentals
About REC Limited
REC Limited, together with its subsidiaries, engages in the provision of financing services for power generation, transmission, distribution, infrastructure, and logistics projects in India. The company primarily offers long, medium, and short-terms loans; debt refinancing, equity financing, financing of equipment manufacturing for power sector and coal mines; policy for funding against regulatory assets, and revolving bill payment facility services; and letter of undertaking in lieu of bank guarantee, etc. It is also involved in the implementation of distribution system strengthening works, implementation of grid/off-grid solar (PV) projects, and installation of smart meters. In addition, the company acts as the bid process coordinator for selection of transmission service provider through tariff based competitive bidding process for independent inter-state and intra-state transmission projects. It serves government entities, independent power producers, and private sector borrowers. The company was formerly known as Rural Electrification Corporation Limited and changed its name to REC Limited in October 2018. The company was incorporated in 1969 and is based in Gurugram, India. REC Limited is a subsidiary of Power Finance Corporation Limited.
Details
Sector
Financial Services
Industry
Credit Services
CEO
Jitendra Srivastava
Headquarters
Gurugram
Employees
590
Website
recindia.nic.inExchange
View on NSE ↗Key stats
Market cap
₹81,761.61 Cr
P/E ratio (TTM)
5.1
Dividend yield
1.98%
EPS (TTM)
₹60.78
Beta (1Y · daily vs NIFTY 50)
1.21
Beta (5Y · monthly vs NIFTY 50)
1.54
Shares float
119.87 Cr
EPS · quarter ended Jun 2026
₹15.92
Upcoming earnings
16 Oct 2026
Financial Performance
01 · Financials
FY21 growth needs FY20 filings, which the data source doesn't provide. Net income and EBITDA are omitted from this chart: coverage begins inside the plotted window, and every plotted period must carry a complete point set — the P&L table below has the available figures.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹35,552.68 Cr | ₹39,269.05 Cr | ₹14,600.87 Cr | ₹17,240.70 Cr | ₹21,900.00 Cr | ₹21,834.25 Cr | |
| EBITDA | ₹32,281.47 Cr | ₹34,511.54 Cr | ₹37,655.26 Cr | ₹47,931.67 Cr | — | ₹57,031.50 Cr |
| — | ₹10,035.70 Cr | ₹11,166.98 Cr | ₹14,145.46 Cr | ₹15,884.23 Cr | ₹16,308.17 Cr | |
| Diluted EPS | ₹31.82 | ₹38.12 | ₹42.28 | ₹53.59 | ₹60.2 | ₹61.81 |
Total expenses (as filed), Employee benefit expense, Other expenses, EBITDA, Net income, Other income have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| — | — | ₹4.66 L Cr | ₹5.48 L Cr | ₹6.15 L Cr | ₹6.40 L Cr | |
| Total debt | — | — | ₹3.81 L Cr | ₹4.46 L Cr | ₹4.96 L Cr | ₹5.15 L Cr |
| Stockholders' equity | — | — | ₹58,120.51 Cr | ₹69,350.24 Cr | ₹78,376.06 Cr | ₹85,054.41 Cr |
Total assets, Inventory, Cash & equivalents, Fixed assets, CWIP, Total debt, Stockholders' equity have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹-43,512.33 Cr | ₹-3,909.68 Cr | ₹-37,359.77 Cr | ₹-57,722.65 Cr | ₹-39,064.08 Cr | ₹5,971.57 Cr | |
| Investing cash flow | ₹860.52 Cr | ₹-287.46 Cr | ₹-942.95 Cr | ₹-1,830.97 Cr | ₹-1,302.04 Cr | ₹-3,307.66 Cr |
| ₹42,113.34 Cr | ₹3,158.89 Cr | ₹38,122.84 Cr | ₹59,587.82 Cr | ₹40,033.60 Cr | ₹-2,375.02 Cr | |
| Capital expenditure | ₹-35.00 L | ₹-21.76 Cr | ₹-17.68 Cr | ₹-33.63 Cr | ₹-82.88 Cr | ₹-69.64 Cr |
| End cash position | ₹1,179.24 Cr | ₹140.99 Cr | ₹-38.89 Cr | ₹-4.69 Cr | ₹-337.21 Cr | ₹-48.32 Cr |
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Dec 15 | Sep 21–Jun 26(20Q) |
|---|---|---|
| Promoter | 60.64% | 52.63% |
| Public | 39.36% | 47.37% |
| Employee trusts | 0.00% | 0.00% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Financial Services
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| HDFC Bank Limited | ₹11.27 L Cr | ₹731 | 16.2 | 1.38 | 8.6% | 0.81 | +4.7% | -25.2% |
| ICICI Bank Limited | ₹9.75 L Cr | ₹1,347.6 | 17.6 | 2.69 | 14.9% | 0.57 | +9.1% | -5.0% |
| State Bank of India | ₹9.16 L Cr | ₹996.2 | 10.6 | 1.54 | 14.0% | 1.22 | +9.2% | +16.6% |
| Bajaj Finance Limited | ₹6.31 L Cr | ₹1,040.3 | 31.1 | 5.54 | 16.7% | 3.10 | +19.7% | +4.4% |
| Life Insurance Corporation Of India | ₹5.06 L Cr | ₹407.7 | 8.4 | 2.87 | 32.5% | — | +8.7% | -54.2% |
| Kotak Mahindra Bank Limited | ₹4.08 L Cr | ₹415 | 20.5 | 2.25 | 10.6% | 0.53 | -0.3% | -79.5% |
| Axis Bank Limited | ₹3.86 L Cr | ₹1,240 | 14.0 | 1.80 | 12.3% | 1.30 | +4.0% | +10.1% |
| Bajaj Finserv Limited | ₹2.98 L Cr | ₹1,852.5 | 29.4 | 3.82 | 12.6% | 4.64 | +13.6% | -10.5% |
| Shriram Finance Limited | ₹2.34 L Cr | ₹1,010 | 17.6 | 3.55 | 15.2% | 2.76 | +13.9% | +61.1% |
| SBI Life Insurance Company Limited | ₹1.77 L Cr | ₹1,731 | 68.0 | 9.29 | 12.9% | — | -4.3% | -5.0% |
| ICICI Prudential Asset Management Company Limited | ₹1.53 L Cr | ₹3,098 | 43.8 | 36.57 | 79.1% | — | +23.1% | — |
| REC Limited | ₹82,327.75 Cr | ₹310.5 | 5.1 | 0.97 | 19.2% | 6.05 | -0.3% | -19.2% |
Ranked by market cap within Financial Services, same metrics as the Fundamentals screener. Click a column to sort.
Documents
Annual reports
Show all 20
Concall transcripts
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
50 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.