REC
REC Limited valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for REC Limited, framed against the sector median so the premium or discount is obvious at a glance.
REC Limited trades at a P/E of 4.93× and P/B of 0.94×, against the Financial Services sector median P/E of 18.33×.
Valuation
Profitability
Growth
Financial Health
REC Limited chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for REC Limited — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
REC Limited financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for REC Limited, switchable between annual and quarterly views, consolidated or standalone.
REC Limited reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹95,362.21 Cr and reported EPS of ₹61.80.
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 23,054 | 25,399 | 29,930 | 35,553 | 39,269 | 39,478 | 47,505 | 56,367 | 59,584 |
| Interest Earned | — | 24,984 | 29,672 | 34,693 | 38,194 | 38,846 | 46,431 | 55,105 | 57,860 |
| +Other Income | 47 | 32 | 77 | 23 | 70 | 42 | 66 | 67 | 44 |
| Total Income | 23,101 | 25,431 | 30,007 | 35,575 | 39,339 | 39,520 | 47,571 | 56,434 | 59,628 |
| Net Interest Income (NII) | — | 24,984 | 29,672 | 34,693 | 38,194 | 38,846 | 46,431 | 55,105 | 57,860 |
| Cost of Goods Sold (COGS) | 275 | — | — | — | — | — | — | — | — |
| Gross Profit | 22,779 | 25,399 | 29,930 | 35,553 | 39,269 | 39,478 | 47,505 | 56,367 | 59,584 |
| +Operating Expenses | 1,956 | 1,077 | 3,012 | 838 | 1,341 | 1,706 | 995 | 1,125 | 1,369 |
| EBITDA | 20,823 | 24,322 | 26,917 | 34,715 | 37,928 | 37,772 | 46,510 | 55,241 | 58,215 |
| +Non-Operating Expenses | 13,929 | 15,647 | 19,003 | 21,500 | 22,069 | 23,758 | 29,972 | 34,156 | 36,247 |
| Profit Before Tax (PBT) | 6,941 | 8,080 | 7,021 | 10,782 | 12,442 | 13,898 | 17,960 | 20,117 | 20,766 |
| +Tax Expense | 2,252 | 2,349 | 2,058 | 2,401 | 2,395 | 2,731 | 3,814 | 4,233 | 4,458 |
| Total Profit for Period | 4,689 | 5,741 | 4,972 | 8,378 | 10,036 | 11,167 | 14,145 | 15,884 | 16,308 |
| Net Profit (Owner's PAT) | 4,689 | 5,741 | 4,972 | 8,378 | 10,036 | 11,167 | 14,145 | 15,884 | 16,308 |
| Earnings Per Share (EPS) | 17.81 | 21.80 | 18.88 | 31.82 | 38.11 | 42.41 | 53.72 | 60.32 | 61.93 |
| Diluted Shares Outstanding (Nos.) | 263 | 263 | 263 | 263 | 263 | 263 | 263 | 263 | 263 |
| +Additional Disclosures | 16,435 | 17,300 | 22,442 | 25,250 | 26,827 | 24,651 | 30,656 | 34,800 | 34,677 |
| Sales Growth % | — | 10.17 | 17.84 | 18.79 | 10.45 | 0.53 | 20.33 | 18.65 | 5.71 |
| YoY Sales Growth % | — | 10.17 | 17.84 | 18.79 | 10.45 | 0.53 | 20.33 | 18.65 | 5.71 |
| Employee Cost % | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 0 | 0 |
| Other Cost % | 8 | 4 | 9 | 2 | 3 | 4 | 2 | 2 | 2 |
| OPM % | 90 | 96 | 90 | 98 | 97 | 96 | 98 | 98 | 98 |
| Tax % | 32 | 29 | 29 | 22 | 19 | 20 | 21 | 21 | 21 |
| Profit Growth % | — | 22.43 | -13.40 | 68.50 | 19.78 | 11.27 | 26.67 | 12.29 | 2.67 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| +Additional Fields | — | 34 | 25 | 10 | 17 | 16 | 24 | 14 | 16 |
REC segment analysis: revenue and profit mix.
Disclosed business segments at REC with their share of revenue and profit, switchable between consolidated and standalone reporting.
REC discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
REC Limited investment thesis: bull case, bear case, and the flip lines.
Why someone would buy REC Limited, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
REC Limited's investment case rests on 10 positive markers and 9 flagged concerns drawn from the latest reported filings.
What you're getting.
Robust ROE of 21.50% indicates efficient equity utilization and strong profitability.
Attractive P/E ratio of 5.51 suggests potential undervaluation relative to earnings.
Consistent TTM revenue (16.33%) and EPS (16.02%) growth demonstrate strong performance.
High dividend yield of 6.53% provides consistent and attractive investor returns.
Healthy promoter holding of 52.6% signals strong management commitment and stability.
What can break it.
Very high debt-to-equity ratio of 6.33 indicates substantial reliance on debt.
Significant stock price volatility, falling from ₹573 high to ₹386.
Negative annual cash flow per share (-148.67) raises concerns about liquidity.
Relatively lower Return on Capital Employed (9.96%) suggests suboptimal capital utilization.
Declining FII holding (23.41% to 17.97%) signals reduced foreign investor confidence.
What would change my mind.
Trim if P/E re-rates above 6 (~0.3× the sector multiple of 18.3). The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 607.96. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 15%. The operating engine is no longer compounding capital efficiently.
REC Limited peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — REC Limited is highlighted for quick read-across.
Quick Compare
REC Limited technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for REC Limited — derived from the live tape, not yesterday's close.
REC Limited last traded at ₹361.9 with an intraday range of ₹361.15–₹371.3 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹361.90| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 388.72 | +26.82 | +7.41% |
| R3 | 378.57 | +16.67 | +4.61% |
| R2 | 374.93 | +13.03 | +3.60% |
| R1 | 368.42 | +6.52 | +1.80% |
| PIVOT | 364.78 | 2.88 | 0.80% |
| CURRENT | 361.90 | — | — |
| S1 | 337.97 | -23.93 | -6.61% |
| S2 | 348.12 | -13.78 | -3.81% |
| S3 | 354.63 | -7.27 | -2.01% |
| S4 | 358.27 | -3.63 | -1.00% |
RECLTD is trading Below CPR, indicating Bearishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: 367.4 ~ 371.3
Trading Inside opening range
REC Limited delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for REC Limited over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in REC Limited stood at 66.5% of traded volume, against a 20-day average of 52.8%.
REC announcements: results, concalls, ratings, M&A.
Filings REC sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
REC files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 148 documents below.
Disclosure under SEBI Takeover Regulations
Power Finance Corporation Ltd.has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of…
General Updates
Intimation of incorporation of subsidiary companies.
Appointment
Intimation regarding change in Board of Directors of REC Limited.
Change in Management
Intimation regarding change in Senior Management.
Cessation
Intimation regarding change in Board of Directors of REC Limited.
Investor decks & rating reports.
Analysts/Institutional Investor Meet/Con. Call Updates
Analysts/Institutional Investor Meet/Con. Call Updates
Analysts/Institutional Investor Meet/Con. Call Updates
Analysts/Institutional Investor Meet/Con. Call Updates
Investor Presentation
REC dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue REC has declared, sequenced by announce and record date.
REC corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About REC Limited: business, sector, key facts.
What REC Limited does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
REC Limited operates in the Financial Services, listed as NSE: RECLTD, BSE: 532955.
RECLTD, formerly known as Rural Electrification Corporation Limited, is a prominent Indian financial institution specializing in providing financing solutions for the power sector. Its core business revolves around funding various aspects of power generation, transmission, and distribution projects across the country. This includes a wide range of financial services catering to both public and private sector power utilities.
The company offers a diverse portfolio of financing options, ranging from short-term to long-term loans. These services encompass debt refinancing, equity financing, and even financing for the equipment manufacturing needed for power projects and coal mines. Beyond traditional lending, RECLTD provides additional financial support mechanisms such as funding against regulatory assets and a revolving bill payment facility. They also act as guarantors, issuing letters of undertaking in place of bank guarantees, streamlining the financial processes for their clients.
Beyond direct financing, RECLTD plays a crucial role in the Indian power sector's infrastructure development. The company serves as a nodal agency for the implementation of several key government initiatives aimed at enhancing rural electrification and improving power access. These initiatives include the Pradhan Mantri Sahaj Bijli Har Ghar Yojana, Pradhan Mantri Surya Ghar Muft Bujli Yojana, Deen Dayal Upadhyaya Gram Jyoti Yojana, and the National Electricity Fund. This highlights their commitment to national electrification goals and their position as a key partner in government-led development programs.
Furthermore, RECLTD extends its services to project management and consultancy. The company acts as a bid process coordinator for the selection of transmission service providers, employing a tariff-based competitive bidding process for both inter-state and intra-state transmission projects. This ensures efficient and cost-effective development of transmission infrastructure. RECLTD also provides valuable project implementation and consultancy services, leveraging their deep expertise in the power sector to assist clients throughout the project lifecycle.
Finally, RECLTD operates the National Feeder Monitoring System, a sophisticated cloud-based IT and analytical platform. This system is designed to enhance the reliability and quality of power distribution by providing real-time monitoring and data analysis capabilities. This demonstrates RECLTD's commitment to technological advancements and their role in improving the efficiency and performance of India's power grid. In summary, RECLTD is a multifaceted financial and infrastructural services provider playing a significant role in the growth and development of India's power sector.
Questions investors ask about REC Limited (RECLTD).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of REC Limited (RECLTD)?
The current share price of REC Limited (RECLTD) is ₹361.9. Today, the stock has declined by ₹7.95 (2.15%), trading in a range of ₹361.15 to ₹371.3. The stock opened at ₹371 with a trading volume of 57,60,725 shares.
02Is REC Limited stock a good investment for long-term?
REC Limited can be considered for long-term investment based on several factors. The company has a market capitalization of ₹95,362.21 crores, P/E ratio of 4.93, ROE of 19.96%, and ROCE of 9.96%. The dividend yield stands at 6.37%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of REC Limited stock?
The 52-week high price of REC Limited (RECLTD) is ₹409.8, while the 52-week low is ₹304.05. Currently trading at ₹361.9, the stock is 54.7% away from its 52-week low and 11.7% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy REC Limited stock at the current price?
Whether to buy REC Limited stock at ₹361.9 depends on multiple factors. The stock is currently trading with a P/E ratio of 4.93 and P/B ratio of 0.94. Today's performance shows a loss of 2.15%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of REC Limited and when is the next dividend?
REC Limited offers a dividend yield of 6.37%, which means for every ₹100 invested at the current price of ₹361.9, you can expect to receive approximately ₹6.37 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of REC Limited?
REC Limited's key financial metrics include: P/E Ratio: 4.93, P/B Ratio: 0.94, ROE: 19.96%, ROCE: 9.96%, Dividend Yield: 6.37%, EPS: ₹61.80, Book Value: ₹319.8, and Debt-to-Equity: 607.46. The company's market cap stands at ₹95,362.21 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is REC Limited stock performing today in the market?
REC Limited stock opened at ₹371 and is currently trading at ₹361.9, showing a decline of ₹7.95 (2.15%). The intraday high is ₹371.3 and low is ₹361.15. The trading volume stands at 57,60,725 shares, indicating strong market participation today.
08What is the P/E ratio of REC Limited and what does it indicate?
REC Limited has a Price-to-Earnings (P/E) ratio of 4.93, which means investors are willing to pay ₹4.93 for every ₹1 of earnings. With an EPS of ₹61.80, this P/E ratio suggests the stock may be undervalued or facing growth challenges. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about REC Limited (RECLTD) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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