REC Ltd.

RECLTD

₹401.5

-0.3% (-1.2)

Market Cap

₹1,05,711 Cr.

P/E

6.66

About

REC Limited, formerly known as Rural Electrification Corporation Limited, is a prominent infrastructure finance company established in 1969. The company specializes in providing financial support for … Read more

REC Limited, formerly known as Rural Electrification Corporation Limited, is a prominent infra… Read more

Low

357

52W Range

High

654

Timeline

Key company specific updates

Company Timeline

Custom financial statementNew

Edit rows

In Rs. Cr.	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

In Rs. Cr.	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Balance sheet
Net Block	254	355	132	165	166	267	628	641	632	628
Shareholders Funds	28,893	33,671	32,588	34,546	35,396	43,764	51,314	58,121	69,350	78,376
Profit & Loss
Operating Profit	22,332	22,306	19,260	23,711	25,953	32,262	34,444	37,621	46,503	54,206
Net Sales	24,013	24,195	22,652	25,399	29,952	35,553	39,269	39,478	47,505	56,367
Cash flow
Cash from Operating Activity	-13,278	6,805	-32,510	-35,866	-32,442	-43,512	-819	-37,360	-57,723	-39,064
Net Capex (est)	259	203	79.76	90.82	100	73.90	16.81	13.06	31.91	75.20
Ratios
ROCE (%)	13.27	11.93	8.34	8.88	8.40	9.15	9.25	8.98	10.06	—
ROE (%)	19.70	18.75	13.66	16.62	14.05	19.14	19.56	19.21	20.40	—

Forensics

11 Yes

Positive for this company

1 Neutral

Neutral for this company

3 No

Negative for this company

0 No Data

Insufficient data to analyse

Accounting & Shareholding

Contingent Liabilities

Company does not have significant contingent liabilities
Other Income

Other income is not affecting ratios of the company
Pledge

Promoters have not pledged a significant portion of their holding
Retail Holding

Retail has been selling the stock which is usually a good time to buy
Promoter Holding

Promoter has not sold any shares in the last 90 days

Price & Performance

ROE

Net profit margin is responsible for roe increase over last 10 years
Share price

Share price has increased over last 10 years due to earnings
Net Interest Margin

Net interest margin of the company is trending up
Net NPA

Npa's of the company is currently under control
Sales Growth

Sales of the company has grown at a good pace
ROE Stregth

Roe of the company is consistently strong
Balance Sheet - Strength

Latest bs is strong. the strength was visible historically as well.
Cost Of Borrowing

Cost of borrowing of the company seems to be trending up
Current vs Historic Valuation

Company is trading at a premium to 3yr historic valuations
Margin Stability

Margins of the company are volatile

Revenue mix

Product Wise Break-Up

Loan Break-Up

Location Wise Break-Up

Customer Segment

Borrowings Break-Up

AUM Break-Up - NBFC

Operational Metrics

Net Interest Margin (%)

REC Ltd.

Net Interest Margin (%)
Source
Fresh Slippages - Quarterly (Crs)
Source
Tier I Capital (%)
Source
Cost of Borrowing (%)
Source
Capital to Risks Assets Ratio (CRAR) (%)
Source
Gross NPA (%)
Source
Net NPA (%)
Source

Peer Comparison

Peer Name	Latest Price	PE	Market cap(Cr)	Prom Holding(%)	YoY Qtly Sales(%)	ROCE (%)	ROE (%)
REC	396.3	6.67	1,06,000	52.63	20.95	10.06	20.4
Muthoot Finance	2,608.9	19.57	1,04,381	73.35	35.01	15.59	17.22
SBI Cards AndPayment	1,005.6	50	95,815	68.6	7.5	33.02	19.93
Shriram Finance	672.6	13.14	1,25,553	25.4	20.78	10.31	15.05
Chola Invest & Fin.	1,560.2	30.7	1,30,863	49.92	30.23	9.45	17.46
Power Finance Corp	399.5	5.83	1,34,050	55.99	21.22	9.26	19.54
Sundaram Finance	4,942.5	29.68	55,781	37.22	4.79	9.31	12.96
L&T Finance	185.76	17.55	46,389	66.24	9.61	14.93	10.34

Corporate Actions

Consolidated BonusDividend

DATE

DETAILS

2025, Mar 26

Dividend Dividend of Rs.3.6 per share

2025, Feb 14

Dividend Dividend of Rs.4.3 per share

2024, Nov 08

Dividend Dividend of Rs.4 per share

2024, Aug 09

Dividend Dividend of Rs.3.5 per share

2024, Jun 28

Dividend Dividend of Rs.5 per share

FAQs on REC Ltd. Business

What does REC do?

REC Limited, formerly Rural Electrification Corporation Limited, is a prominent infrastructure finance company established in 1969. It focuses on financing projects across the power sector value chain, supporting various entities including state electricity boards and independent power producers.

Who are the competitors of REC?

REC major competitors are Muthoot Finance, SBI Cards AndPayment, Shriram Finance, Chola Invest & Fin., Power Finance Corp, Sundaram Finance, L&T Finance.
Market Cap of REC is ₹1,06,000 Crs.
While the median market cap of its peers are ₹1,04,381 Crs.

Is REC financially stable compared to its competitors?

REC seems to be less financially stable compared to its competitors.
Altman Z score of REC is 0.54 and is ranked 8 out of its 8 competitors.

View FAQ's On Shareprice

Global Leaders

Companies with a dominant global position in a product. Might be a sign of very strong moat.

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Dividend Superstars

Stocks trading at dividend yield > 5% based on latest price.

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Company Filing

	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Annual Report	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11	FY10
Earnings Release
Investor Presentation	Mar	Mar Jun Sep Dec	Mar Jun Sep Dec	Mar Jun Sep Dec	Mar Jun Sep	Mar Jun Sep Dec	Mar Jun Sep Dec	Mar Jun Sep Dec	Mar Jun Sep Dec	Mar Jun Sep Dec	Mar Jun Sep Dec	Mar Jun Sep Dec	Mar	Mar Jun Sep Dec	Mar Jun Sep Oct	Jun Sep Dec
Conference Call	Mar	Mar Jun Sep Dec	Sep Dec	Dec	Mar	Mar		Mar Jun	Mar	Jun					Mar
Conference Call SummaryCon Call Summary Powered by Gemini

Discussions & Analysis

REC Ltd.

View The Discussion On Valuepickr

NBFC

Buy Now Pay Later - Capital Mind

Deep Dive into NBFC Business - Omkara Capital

Asset Liability Mismatch: Why do NBFCs & Banks knowingly create it? - Dr Vijay Malik

NBFC & Banks| How to find Multibaggers in this sector! - SOIC

Masterclass on NBFC sector by Mr Umesh Agarwal - Finnacle

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Raw Material

REC Ltd.

REC Ltd.

About

Timeline

Company Timeline

11 Yes

1 Neutral

3 No

0 No Data

Accounting & Shareholding

Contingent Liabilities

Other Income

Pledge

Retail Holding

Promoter Holding

Price & Performance

ROE

Share price

Net Interest Margin

Net NPA

Sales Growth

ROE Stregth

Balance Sheet - Strength

Cost Of Borrowing

Current vs Historic Valuation

Margin Stability

Product Wise Break-Up

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Loan Break-Up

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Location Wise Break-Up

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Customer Segment

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Borrowings Break-Up

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AUM Break-Up - NBFC

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Net Interest Margin (%)

Net Interest Margin (%)

What does REC do?

Who are the competitors of REC?

Is REC financially stable compared to its competitors?

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