REC Ltd

When is the next results date for REC Ltd?

No Upcoming Board Meetings

Who are in the management team of REC Ltd?

As of March 2023, the management team of REC Ltd includes Vivek Kumar Dewangan (Chairman & Managing Director), Vijay Kumar Singh (Executive Director, Technical), Ajoy Choudhury (Executive Director, Finance), and several independent and nominee directors. They are responsible for the company's strategic direction and operations.

As of March 2023, the management team of REC Ltd includes the following members:<BR><BR>1. Vivek Kumar Dewangan - Chairman & Managing Director<BR>2. Vijay Kumar Singh - Executive Director (Technical)<BR>3. Ajoy Choudhury - Executive Director (Finance)<BR>4. Piyush Singh - Nominee (Govt)<BR>5. Manoj Sharma - Nominee<BR>6. Gambheer Singh - Independent Director<BR>7. Manoj Manohar Pande - Independent Director<BR>8. Durgesh Nandini Tiwari - Independent Director<BR>9. Narayanan Thirupathy - Independent Director<BR>10. Parminder Chopra - Nominee<BR>11. J S Amitabh - Company Secretary<BR><BR>This team is responsible for guiding the strategic direction and operations of the company.

What does REC Ltd do?

REC Ltd is a Navratna Central Public Sector Enterprise under the Ministry of Power, providing financial assistance in the power sector. As of March 2025, it reported net sales of ₹15,334 Cr and a net profit of ₹4,310 Cr, with a market cap of ₹109,542 Cr.

Overview: <BR>REC Ltd is a Navratna Central Public Sector Enterprise under the Ministry of Power, engaged in extending financial assistance across the power sector value chain, operating within the finance industry and classified as a large-cap company.<BR><BR>History: <BR>REC Ltd was incorporated as a government enterprise and has maintained its status as a Navratna company. The latest quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 15,334 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: 4,310 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: Rs 109,542 Cr (Large Cap)<BR><BR>Key Metrics: <BR>P/E: 7.00 <BR>Industry P/E: 23 <BR>Dividend Yield: 5.06% <BR>Debt Equity: 6.33 <BR>Return on Equity: 20.27% <BR>Price to Book: 1.35 <BR><BR>Contact Details: <BR>Address: Core-4 SCOPE Complex, 7 Lodi Road New Delhi New Delhi : 110003 <BR>Tel: 91-11-24365161 <BR>Email: complianceofficer@recl.in <BR>Website: http://www.recindia.gov.in

What is the bonus history of the REC Ltd?

REC Ltd's recent bonus history includes a 1:3 bonus issued on August 17, 2022, and a 1:1 bonus issued on September 28, 2016, demonstrating the company's commitment to rewarding shareholders.

REC Ltd has a notable bonus history. The most recent bonus issue was a 1:3 bonus, which was announced with an ex-date of August 17, 2022, and the record date was August 18, 2022. Prior to that, the company issued a 1:1 bonus on September 28, 2016, with a record date of September 29, 2016. This reflects REC Ltd's commitment to rewarding its shareholders through bonus shares over the years.

Has REC Ltd declared dividend?

Yes, REC Ltd has declared a dividend of 36% (₹3.6 per share) with an ex-date of March 26, 2025. Despite recent short-term declines, the company has shown strong total returns over the past 2 to 5 years.

REC Ltd has declared a dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 36%<BR>- Amount per share: 3.6<BR>- Ex-date: 26 Mar 25<BR><BR>Dividend Yield: 5.06%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, REC Ltd experienced a price return of -25.83%, a dividend return of 1.40%, resulting in a total return of -24.43%.<BR><BR>Over the past year, the company saw a price return of -15.35%, a dividend return of 4.00%, leading to a total return of -11.35%.<BR><BR>In the 2-year period, REC Ltd reported a remarkable price return of 183.65%, with a dividend return of 23.33%, culminating in a total return of 206.98%.<BR><BR>For the 3-year period, the price return was 378.56%, the dividend return was 56.31%, resulting in an impressive total return of 434.87%.<BR><BR>In the last 4 years, the company achieved a price return of 267.14%, with a dividend return of 56.96%, leading to a total return of 324.1%.<BR><BR>Over the past 5 years, REC Ltd experienced a price return of 453.56%, a dividend return of 88.35%, resulting in a total return of 541.91%.<BR><BR>Overall, REC Ltd has declared a significant dividend while also demonstrating strong total returns over longer periods, particularly in the 2-year to 5-year spans, indicating a positive performance trajectory despite recent short-term declines.

Who are the peers of the REC Ltd?

Peers of REC Ltd include I R F C, Power Fin. Corpn., HUDCO, Indian Renewable, CreditAcc. Gram., IFCI, Muthoot Microfin, Tour. Fin. Corp., and Spandana Sphoort. REC Ltd has average management risk and growth, with a 1-year return of -33.67%, higher than Spandana Sphoort but lower than IFCI's 8.56%.

Peers: The peers of REC Ltd are I R F C, Power Fin.Corpn., HUDCO, Indian Renewable, CreditAcc. Gram., IFCI, Muthoot Microfin, Tour. Fin. Corp., and Spandana Sphoort.<BR><BR>Quality Snapshot: Excellent management risk is observed at Power Fin.Corpn. and REC Ltd, while Average management risk is found at I R F C, HUDCO, Indian Renewable, Muthoot Microfin, and Spandana Sphoort, and the rest. Good management risk is noted at CreditAcc. Gram., while Below Average management risk is seen at IFCI and Tour. Fin. Corp. In terms of Growth, Excellent growth is seen at Indian Renewable, Average growth is noted at Power Fin.Corpn. and REC Ltd, while Below Average growth is found at HUDCO, Spandana Sphoort, IFCI, and Tour. Fin. Corp., and the rest. Capital Structure ratings show Excellent at HUDCO, CreditAcc. Gram., Muthoot Microfin, and Tour. Fin. Corp., Good at REC Ltd and Indian Renewable, while Average is seen at I R F C, Power Fin.Corpn., and Spandana Sphoort, and Below Average at IFCI.<BR><BR>Return Snapshot: The peer with the highest 1-year return is IFCI at 8.56%, while the lowest is Spandana Sphoort at -66.07%. REC Ltd's 1-year return is -33.67%, which is higher than Spandana Sphoort's but lower than IFCI's. Additionally, the six-month return is negative for I R F C, Power Fin.Corpn., REC Ltd, Muthoot Microfin, Spandana Sphoort, and Satin Creditcare.

Who are the top shareholders of the REC Ltd?

The top shareholders of REC Ltd include Power Finance Corporation Ltd with 52.63%, Foreign Institutional Investors at 20.48%, mutual funds holding 8.85%, individual investors at 9.94%, and Nippon Life India Trustee Ltd with 1.38%. There are no pledged promoter holdings.

The top shareholders of REC Ltd include the following:<BR><BR>1. **Power Finance Corporation Ltd** - This entity holds the largest stake among promoters, with a significant ownership of 52.63%.<BR>2. **Foreign Institutional Investors (FIIs)** - They collectively hold 20.48% of the company's shares, represented by 824 different FIIs.<BR>3. **Mutual Funds** - A total of 40 mutual fund schemes hold 8.85% of the shares.<BR>4. **Individual Investors** - They account for 9.94% of the shareholding.<BR>5. **Highest Public Shareholder** - Nippon Life India Trustee Ltd, acting on behalf of Nippon India Growth Fund, holds 1.38%.<BR><BR>There are no pledged promoter holdings, indicating a strong position among the major shareholders.

How big is REC Ltd?

As of 24th July, REC Ltd has a market capitalization of 106,066.00 Cr, with recent net sales of 56,366.55 Cr and a net profit of 15,884.24 Cr. The company reported shareholder's funds of 69,350.25 Cr and total assets of 5,45,690.13 Cr.

As of 24th July, REC Ltd has a market capitalization of 106,066.00 Cr, categorizing it as a Large Cap company.<BR><BR>In the latest four quarters, REC Ltd reported Net Sales of 56,366.55 Cr and a Net Profit of 15,884.24 Cr.<BR><BR>For the latest annual period, the company reported Shareholder's Funds of 69,350.25 Cr and Total Assets amounting to 5,45,690.13 Cr.

Are REC Ltd latest results good or bad?

REC Ltd's latest results show a 9.34% year-on-year increase in net profit to ₹4,414.93 crores, indicating solid annual growth. However, there are concerns due to a 1.14% quarterly decline in profit and a contracting PAT margin, suggesting challenges ahead for the company.

REC Ltd's latest results present a mixed picture. On one hand, the company reported a net profit of ₹4,414.93 crores for Q2 FY26, which reflects a 9.34% increase year-on-year, indicating solid annual growth. Additionally, interest income rose by 10.75% year-on-year to ₹15,152.67 crores, showcasing continued momentum in its loan book.<BR><BR>However, there are notable concerns. The net profit decreased by 1.14% compared to the previous quarter, and the profit after tax (PAT) margin contracted to 29.14%, down from 30.30% in Q1 FY26. This sequential decline in profitability, coupled with rising operational costs and a decrease in foreign institutional investor (FII) holdings, suggests that the company is facing challenges in a tough operating environment.<BR><BR>Overall, while REC Ltd has demonstrated strong annual growth and maintains a solid return on equity of 20.27%, the recent quarterly performance indicates emerging pressures that investors should consider. The stock has also seen a significant decline over the past year, which raises questions about its near-term outlook.

Is REC Ltd overvalued or undervalued?

As of November 18, 2025, REC Ltd is considered overvalued with a PE Ratio of 5.47, an EV to EBIT of 10.53, and a Dividend Yield of 5.49%, despite a low PEG Ratio of 0.34 suggesting potential undervaluation relative to growth, while it has underperformed the Sensex with a year-to-date return of -28.28%.

As of 18 November 2025, the valuation grade for REC Ltd has moved from fair to expensive. This indicates that the company is currently overvalued. Key financial ratios include a PE Ratio of 5.47, an EV to EBIT of 10.53, and a Dividend Yield of 5.49%. <BR><BR>In comparison to peers, REC Ltd's PE Ratio is significantly lower than that of Bajaj Finance, which stands at 34.46, and higher than Life Insurance, which has a PE of 11.34. The PEG Ratio of REC Ltd at 0.34 suggests it may be undervalued relative to its growth, but the overall valuation indicates it is overvalued compared to its peers. Additionally, REC Ltd has underperformed against the Sensex with a year-to-date return of -28.28% compared to the Sensex's 8.36%.

How has been the historical performance of REC Ltd?

REC Ltd has shown consistent growth in net sales, profits, and earnings per share from Mar'19 to Mar'25, with net sales increasing from 25,399.02 Cr to 56,366.55 Cr and profit after tax rising from 5,731.43 Cr to 15,884.23 Cr. However, despite this growth, cash flow from operating activities remained negative, indicating potential liquidity challenges.

Answer:<BR>The historical performance of REC Ltd shows a consistent growth in net sales and profits over the years, with net sales increasing from 25,399.02 Cr in Mar'19 to 56,366.55 Cr in Mar'25. The total operating income followed a similar trend, rising from 25,399.02 Cr in Mar'19 to 56,366.55 Cr in Mar'25. Operating profit (PBDIT) also saw significant growth, reaching 54,273.46 Cr in Mar'25 from 23,727.98 Cr in Mar'19. Profit before tax increased from 8,080.49 Cr in Mar'19 to 20,117.47 Cr in Mar'25, while profit after tax rose from 5,731.43 Cr to 15,884.23 Cr in the same period. The earnings per share (EPS) improved from 29.07 in Mar'19 to 60.32 in Mar'25, reflecting strong profitability. On the balance sheet, total liabilities increased from 3,44,979.51 Cr in Mar'20 to 6,11,633.13 Cr in Mar'25, with total assets also rising from 3,44,979.51 Cr to 6,11,633.13 Cr. However, cash flow from operating activities remained negative, indicating challenges in cash generation despite the growth in profits.<BR><BR>Breakdown:<BR>REC Ltd has demonstrated robust growth in its financial metrics over the years, with net sales climbing steadily from 25,399.02 Cr in Mar'19 to 56,366.55 Cr in Mar'25, indicating a strong upward trend in revenue generation. The total operating income mirrored this growth, reaching 56,366.55 Cr in Mar'25. Operating profit (PBDIT) also saw a significant increase, from 23,727.98 Cr in Mar'19 to 54,273.46 Cr in Mar'25, showcasing improved operational efficiency. Profit before tax and profit after tax followed suit, with figures rising from 8,080.49 Cr to 20,117.47 Cr and from 5,731.43 Cr to 15,884.23 Cr, respectively. The earnings per share (EPS) reflected this profitability surge, increasing from 29.07 to 60.32. On the balance sheet, total liabilities and total assets both grew substantially, from 3,44,979.51 Cr to 6,11,633.13 Cr, indicating a significant expansion in the company's financial base. Despite these positive trends, the cash flow from operating activities remained negative, highlighting potential liquidity challenges amidst the growth in profits.

Is REC Ltd technically bullish or bearish?

As of December 3, 2025, REC Ltd. is in a bearish trend with moderate strength, indicated by bearish MACD, Bollinger Bands, and moving averages, despite some mixed signals from the KST.

As of 3 December 2025, the technical trend has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. Key indicators driving this include a bearish MACD on the weekly chart, bearish Bollinger Bands on both weekly and monthly time frames, and a bearish moving average on the daily chart. Additionally, the Dow Theory indicates a mildly bearish trend on both weekly and monthly bases, while the KST shows mixed signals with a mildly bullish weekly reading but mildly bearish monthly. Overall, the combination of these indicators suggests a prevailing bearish sentiment for REC Ltd.

Which are the latest news on REC Ltd?

Should I buy, sell or hold REC Ltd?

Why is REC Ltd falling/rising?

As of 29-Jan, REC Ltd's stock price is at 375.20, down 0.61%, reflecting a trend reversal after two days of gains and a significant drop in investor participation. Despite a high dividend yield and strong long-term fundamentals, recent disappointing quarterly results and underperformance compared to the market have led to the stock's decline.

As of 29-Jan, REC Ltd's stock price is currently at 375.20, reflecting a decrease of 2.3 points or 0.61%. The stock has underperformed its sector by 0.7% today and has experienced a trend reversal, falling after two consecutive days of gains. This decline is further supported by a significant drop in investor participation, with delivery volume on January 28 falling by 45.32% compared to the 5-day average.<BR><BR>Despite having a high dividend yield of 5.22% and strong long-term fundamental strength indicated by an average Return on Equity (ROE) of 19.88%, the stock's recent performance has been disappointing. The company reported flat results for the quarter ending December 25, with a profit before tax (PBT) of Rs 5,095.53 crore, which is the lowest in the quarter, and a net profit after tax (PAT) of Rs 4,052.44 crore, down 6.1% compared to the previous four-quarter average. Additionally, the earnings per share (EPS) for this quarter is the lowest at Rs 15.39.<BR><BR>The stock has also underperformed the broader market over the past year, generating a return of -13.75% while the market (BSE500) has returned 8.47%. This underperformance, combined with an expensive valuation indicated by a Price to Book Value ratio of 1.2, suggests that the stock is trading at a premium compared to its peers. Therefore, the combination of declining investor interest, disappointing quarterly results, and relative underperformance in the market are contributing factors to the current fall in REC Ltd's stock price.