RECNSE: RECLTDBSE: 532955Financial Services · Financial Institution

₹296.156.15 (2.12%)

Mkt Cap: ₹78,206.75 Cr.
P/E (TTM): 5.18
Open: ₹290.00
Day's Range: ₹290.00 – ₹299.00
52W Range: ₹283.65 – ₹388.30
Div Yield: 4.69%
EPS (TTM): ₹15.92
Book Value: ₹323.00

REC Financial Statements

Name: REC Financials — historical data
Creator: StockeZee

For Apr 2026, REC reported net profit of ₹16,308 crore. Return on equity stands at 19.32%. Profit & loss, balance sheet and cash flow across 17 reported years are below.

Updated 30 Oct 2026Source: NSE & BSE company filingsNifty 100 constituent

Profit after tax: ₹16,308 Cr
EPS: ₹61.93
Latest year: Apr 2026
Years reported: 17

REC profit & loss

Reported annual performance for REC, oldest to newest. Figures in ₹ crore unless a row states otherwise.

REC annual profit and loss statement. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2022	May 2022	Mar 2023	May 2023	Mar 2024	May 2024	Mar 2025	May 2025	Mar 2026	Apr 2026
Interest Earned	38,194	38,194	38,846	38,846	46,431	46,431	55,105	55,105	57,860	57,860
Other Income	70	70	42	42	66	66	67	67	44	44
Fees & Commission Income	573	573	287	287	236	236	394	394	1,265	1,265
Total Income	39,339	39,339	39,520	39,520	47,571	47,571	56,434	56,434	59,628	59,628
Net Interest Income	38,194	38,194	38,846	38,846	46,431	46,431	55,105	55,105	57,860	57,860
Profit Before Tax (PBT)	12,442	12,442	13,898	13,898	17,960	17,960	20,117	20,117	20,766	20,766
Tax Expense	2,395	2,395	2,731	2,731	3,814	3,814	4,233	4,233	4,458	4,458
Current Tax	3,065	3,065	2,573	2,573	3,333	3,333	4,099	4,099	3,753	3,753
Deferred Tax	-670	-670	158	158	481	481	135	135	705	705
Effective Tax %	19.25%	19.25%	19.65%	19.65%	21.24%	21.24%	21.04%	21.04%	21.47%	21.47%
Total Profit for Period	10,036	10,036	11,167	11,167	14,145	14,145	15,884	15,884	16,308	16,308
Net Profit (Owner's PAT)	10,036	10,036	11,167	11,167	14,145	14,145	15,884	15,884	16,308	16,308
PAT Growth YoY %	19.78%	19.78%	11.27%	11.27%	26.67%	26.67%	12.29%	12.29%	2.67%	—
Earnings Per Share (EPS)	₹38.11	₹38.11	₹42.41	₹42.41	₹53.72	₹53.72	₹60.32	₹60.32	₹61.93	₹61.93
Diluted Shares Outstanding (Cr.)	263	263	263	263	263	263	263	263	263	263
Profit/Loss from Associates	-12	-12	0	0	0	0	0	0	0	0
Other Comprehensive Income (Net of Tax)	-58	-58	-971	-971	1,044	1,044	-1,517	-1,517	-4,166	-4,166
Fees & Commission Expense	17	17	16	16	24	24	14	14	16	16
Dividend Income	4	4	12	12	2	2	8	8	10	10
Impairment On Financial Instruments	3,470	3,470	142	142	-1,380	-1,380	1,022	1,022	231	231
Net Gain Fair Value Changes	347	347	45	45	474	474	348	348	0	0
Net Loss Fair Value Changes	0	0	0	0	0	0	0	0	962	962
Revenue Sale Of Services	151	151	288	288	361	361	511	511	449	449

Showing the most recent 10 of 17 reported periods.

REC balance sheet

Assets, liabilities and shareholders' equity as reported, in Schedule III order. Figures in ₹ crore unless a row states otherwise.

REC annual balance sheet with assets, liabilities and equity. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Equity	34,546	35,396	43,764	51,314	58,121	69,350	78,376	85,054
Equity Share Capital	1,975	1,975	1,975	1,975	2,633	2,633	2,633	2,633
Reserves & Surplus	32,571	33,422	41,789	49,339	55,487	66,717	75,743	82,421
Total Equity	34,546	35,396	43,764	51,314	58,121	69,350	78,376	85,054
Non-Current Liabilities	2,63,681	3,10,262	3,56,181	3,58,946	4,06,353	4,77,924	5,34,298	5,52,958
Long-term Borrowings	46,663	61,551	85,507	1,06,652	1,37,114	1,72,092	1,94,300	1,95,316
Non-Current Provisions	100	107	105	106	112	137	138	600
Current Liabilities	227	1,372	922	600	1,029	917	1,828	2,145
Trade Payables	67	46	62	36	42	91	158	196
Current Tax Liabilities	—	—	14	10	11	67	—	—
Derivative Financial Liabilities	159	1,326	846	553	977	760	1,670	1,949
Additional Liability Fields	1,97,586	2,24,738	2,44,216	2,26,391	2,43,676	2,73,475	3,01,942	3,19,410
Debt Securities	1,92,768	2,19,918	2,37,269	2,19,575	2,36,902	2,66,063	2,92,428	3,09,983
Sub Liabilities	4,819	4,820	6,947	6,816	6,773	7,412	9,514	9,427
Total Liabilities	2,63,907	3,11,634	3,57,103	3,59,546	4,07,382	4,78,841	5,36,126	5,55,104
Total Non-Current Assets	2,94,105	3,39,215	3,94,844	4,02,404	4,53,707	5,32,283	5,94,084	6,18,013
Property, Plant & Equipment (PPE)	157	157	261	624	639	631	626	613
Capital Work-in-Progress	197	288	336	6	3	24	76	128
Intangible Assets	9	9	6	4	2	1	2	2
Investment Property	0	0	0	—	—	—	1	1
Non-Current Investments	2,283	2,127	1,724	2,190	3,170	5,352	6,674	9,831
Loans – Non-Current	2,70,451	3,12,084	3,65,261	3,71,931	4,22,084	4,99,192	5,59,088	5,79,243
Net Fixed Assets	362	453	603	634	644	655	704	742
Total Current Assets	4,349	7,815	6,023	8,456	11,796	15,908	20,418	22,145
Trade Receivables	138	111	140	95	113	154	235	293
Cash & Cash Equivalents	382	1,718	1,179	141	49	263	234	293
Current Tax Assets	293	410	169	192	306	310	407	280
Derivative Financial Assets	1,803	3,319	2,311	5,510	8,982	12,482	17,432	19,961
Net Working Capital	4,122	6,443	5,101	7,856	10,767	14,991	18,590	20,000
Additional Asset Fields	2,306	2,051	2,461	3,160	3,308	2,501	2,869	3,540
Def Tax Assets	2,306	2,051	2,461	3,160	3,308	2,501	2,869	3,540
Total Assets	2,98,454	3,47,030	4,00,867	4,10,860	4,65,503	5,48,191	6,14,502	6,40,158
Total Borrowings	46,663	61,551	85,507	1,06,652	1,37,114	1,72,092	1,94,300	1,95,316
Net Debt	46,281	59,833	84,328	1,06,511	1,37,065	1,71,829	1,94,067	1,95,022
Debt to Equity (x)	1.35	1.74	1.95	2.08	2.36	2.48	2.48	2.3
Current Ratio (x)	19.18	5.7	6.53	14.1	11.46	17.35	11.17	10.32

REC cash flow statement

Cash generated and used across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.

REC annual cash flow statement across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Net Cash from Operating Activities	-3,910	-37,360	-57,723	-39,101	5,972
Profit Before Tax	12,442	13,898	17,960	20,117	20,766
Depreciation & Amortisation	18	24	24	25	27
Finance Costs	0	-43	-336	0	301
Working Capital Changes	0	0	0	-53,780	-10,508
Tax Paid	-3,078	-2,674	-3,272	-4,233	-3,616
Net Cash from Investing Activities	-287	-943	-1,831	-1,265	-3,308
Purchase of PPE	-22	-18	-34	-81	-75
Sale of Fixed Assets	-266	-935	-1,909	-1,067	-3,268
Interest Received	0	0	0	0	48
Net Cash from Financing Activities	3,159	38,123	59,588	40,034	-2,375
Proceeds from Borrowings	26,475	26,452	34,562	69,246	26,294
Repayment of Borrowings	0	0	0	-23,559	-33,285
Interest Paid	-46	0	0	-45	-45
Dividend Paid	-2,411	-3,120	-2,857	-5,609	-6,109
Buyback / Redemption of Shares	0	-1	0	0	0
Lease Liabilities Paid	-0	-0	-0	0	0
Net Change in Cash	-1,038	-180	34	-333	289
Effect of Foreign Exchange Changes	0	0	0	0	0
Free Cash Flow	-3,931	-37,377	-57,756	-39,182	5,896
CFO / PBT (x)	-0.31	-2.69	-3.21	-1.94	0.29

REC key ratios

Valuation, profitability, return, leverage and per-share measures computed from reported statements — not from adjusted or normalised earnings.

REC trades at a P/E of 5.18× against a sector median of 14.46× — a 64% discount. Sector comparisons can mislead for conglomerates with mixed business lines.

REC valuation, profitability, return and leverage ratios
Ratio	Category	Value
P/E (TTM)	Valuation	5.18
Forward P/E	Valuation	5.32
P/B	Valuation	0.82
PEG (TTM)	Valuation	0.36
EV / EBITDA (TTM)	Valuation	15.85
P/S (TTM)	Valuation	4.01
Operating margin	Profitability	96.49%
Net margin (TTM)	Profitability	72.1%
Return on equity	Return ratios	19.32%
Return on capital employed	Return ratios	15.58%
Return on assets	Return ratios	2.6%
Debt to equity	Leverage & liquidity	2.32
Beta	Leverage & liquidity	1.86
EPS (TTM)	Per share	₹15.92
Book value	Per share	₹323
Revenue / share (TTM)	Per share	₹85.35
Cash flow / share	Per share	₹22.68
Dividend yield	Shareholder returns	4.69%
Dividend payout (TTM)	Shareholder returns	31.43%

How this is calculated

Statements are as filed with the exchanges. Consolidated figures are shown where reported. Figures are in rupees crore unless the table states otherwise. Ratios are computed from the same reported statements, not from adjusted or normalised earnings.

Index membership reflects the Nifty 100 as published by NSE Indices, effective 2026-03-30.

REC: frequently asked questions

Is REC profitable?

REC reported a net profit of ₹16,308 crore in Apr 2026, up 0.0% on the previous financial year.

What is REC's EPS?

REC reported earnings per share of ₹61.93 for Apr 2026.

What is REC's return on equity?

REC's return on equity stands at 19.32%. ROE measures profit generated per rupee of shareholder equity.

How many years of REC financials are shown?

17 reported financial years are tabulated on this page, the most recent being Apr 2026.

Are these figures consolidated or standalone?

Consolidated figures are shown wherever the company reports them, and standalone otherwise. The basis in use is labelled on the statement table.

More REC data

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Disclaimer

The data, ratios and commentary about REC (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.