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REC Limited

REC Limited

293.95
INR
-7.15
(-2.37%)
60.93EPS
5.97P/E
957.97BMarket Cap
Oct 26Next Earn
REC Limited
NSE:RECLTD
(National Stock Exchange of India)

Recent

price

293.95

P/E

ratio

5.97

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
31.36
16.09
21.63
27.73
33.84
38.04
41.28
32.64
33.39
32.4
51.87
62.16
55.45
65.47
83.17
82.92
77.4
Revenue per Share
9.82
10.78
14.56
18.01
20.3
21.61
23.98
16.9
21.8
18.88
31.82
38.11
42.41
53.72
60.32
61.93
60.93
Basic EPS, GAAP
-48.45
-60.15
-76.18
-65.48
-90.76
-50.42
25.84
-123.76
-136.55
-123.58
-165.53
-3.29
-141.95
-219.34
-148.67
22.41
- -
Free Cash Flow per Basic Share
2.63
3.38
3.47
3.47
3.66
5.51
7.18
7.49
9.55
8.25
8.25
9.16
11.85
10.85
21.3
23.2
- -
Dividend per Share
48.71
55.53
66.57
79
95.22
109.73
117
123.76
131.19
134.42
166.2
194.87
220.72
263.37
297.64
323
- -
Book Value per Share
48.7
55.53
66.56
78.99
95.21
109.72
117
123.73
131.16
134.39
166.17
194.86
220.71
263.36
297.64
323
- -
Tangible Book Value per Share
2,633
2,633
2,633
2,633
2,633
2,633
2,633
2,633
2,633
2,633
2,633
2,633
2,633
2,633
2,633
2,633
2,640
Basic Weighted Avg Shares
82,569
42,362
56,969
73,032
89,109
100,179
108,705
85,956
87,921
85,318
136,576
163,685
146,009
172,407
219,000
218,343
204,337
Sales/Revenue/Turnover
101.09
242.13
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
31
33
39
45
83
197
397
69
83
118
109
182
243
240
247
271
272
Depreciation Expense
25,849
28,387
38,328
47,413
53,444
56,914
63,134
44,505
57,414
49,723
83,782
100,357
111,670
141,455
158,842
163,082
160,860
Net Income, GAAP
26.12
25.8
26.1
28.34
29.23
30.14
29.64
25.3
29.04
29.27
22.28
19.27
19.65
21.24
21.04
21.47
21.48
Effective Tax Rate (%)
31.31
67.01
67.28
64.92
59.98
56.81
58.08
51.78
65.3
58.28
61.34
61.31
76.48
82.05
72.53
74.69
78.72
Profit Margin (%)
-3,912
2,584
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
611,730
901,539
1,078,345
1,262,342
1,510,371
1,692,565
1,730,183
2,043,666
2,442,488
2,862,886
3,297,234
3,330,427
3,807,898
4,455,675
4,962,426
5,147,252
- -
LT Debt
128,274
146,234
175,305
208,031
250,726
288,934
308,094
325,876
345,463
353,964
437,639
513,141
581,205
693,502
783,761
850,544
- -
Total Equity
8.61
8.38
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
8.61
8.34
3.29
3.48
3.31
3.04
3.14
2.02
2.23
1.66
2.41
2.65
2.71
2.97
2.92
2.78
- -
Return on Capital (%)
21.6
20.68
23.84
24.74
23.3
21.09
21.15
14.04
17.1
14.22
21.17
21.11
20.41
22.19
21.5
19.96
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,633
2,633
2,633
Market Capitalization
939,534
803,397
957,967

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
- -
7,188
- -
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.59%
14.27%
8.52%
Free Cash Flow
332.65%
804.39%
-115.08%
Net Income, GAAP
13.82%
14.54%
2.67%
Sales/Revenue/Turnover
10.09%
10.77%
-0.3%
Total Cash Common Dividend
- -
27.44%
8.92%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
49,757
51,158
53,560
64,708
219,000
2026
51,970
- -
54,455
53,611
218,343
2027
44,301
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
13.14
15.33
15.48
16.24
60.32
2026
16.96
- -
15.39
12.69
61.93
2027
15.92
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
4
8.73
21.3
2026
- -
- -
- -
- -
23.2
2027
- -
- -
- -
- -
- -
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Business
REC Limited (RECLTD.NS), a Maharatna Central Public Sector Enterprise under the Ministry of Power, Government of India, provides comprehensive financing solutions across the power sector value chain, including generation, transmission, distribution, and renewable energy projects; offers long-term, medium-term, and short-term loans for power infrastructure, working capital, equipment manufacturing, debt refinancing, equity financing, and specialized funding for coal mines; extends loans to non-power infrastructure such as roads, highways, metro rail, airports, ports, logistics, steel, IT parks, educational institutions, and hospitals; and delivers consultancy, project monitoring, financial appraisal, and technical support services to central and state power utilities, state electricity boards, rural electric cooperatives, NGOs, and private developers. Founded in 1969 and headquartered in Gurugram with a registered office in New Delhi, the company operates 22 regional offices across India, serving primarily domestic markets while focusing on rural electrification, system improvements, and emerging technologies like electric vehicles and green hydrogen; it functions as a non-banking financial company (NBFC), infrastructure finance company (IFC), and systemically important non-deposit taking finance company registered with the Reserve Bank of India. As a subsidiary of Power Finance Corporation (PFC), REC Limited recently facilitated a landmark memorandum of understanding on November 14, 2025, between Meghalaya Power Distribution Corporation Limited and the Central Power Research Institute to enhance quality testing for power infrastructure; signed an MoU with Sagarmala Finance Corporation Limited on October 29, 2025, to boost maritime infrastructure financing; handed over special purpose vehicles for interstate transmission projects including SR WR Power Transmission Limited to Power Grid Corporation of India Limited and Ananthapuram II Power Transmission Limited to Shivalaya Construction Limited on October 18, 2025; and incorporated wholly owned subsidiaries Umred Power Transmission Limited and Sakoli Power Transmission Limited on July 7, 2025, for new transmission projects in Maharashtra.