REC Ltd (RECLTD)
₹285.60
Mkt cap
₹75,205 Cr
P/E ratio
4.98
P/B
0.79
Div yield
6.50%
ROE
20.10%
ROCE
9.71%
EPS (TTM)
₹57.35
Book value
₹362
52W range
283–388
Sector
Financial Services
Price history
Previous close
REC is a Central Public Sector Undertaking under the Ministry of Power involved in financing projects in the complete power sector value chain from generation to distribution. [1]
NSE RECLTDBSE 532955
Health check
Cautious
ValuationCheap
ProfitabilityWeak
TechnicalsBearish
52-week range
−26.45% from high₹286
₹283+0.88% from low₹388
Current
₹285.60
Prev close
₹296.15
Day
−3.56%
Price performance
1D
−3.56%
1W
−2.84%
1M
−2.34%
3M
−23.82%
6M
−21.44%
1Y
−23.82%
YTD
−24.97%
Financials
Revenue, profit & margin
P/E ratio
5.0×
RECLTD is 63% below the sector median of 13.6×
RECLTD5.0×
Sector median13.6×
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 11,688 | 12,052 | 12,677 | 13,079 | 13,682 | 14,272 | 15,334 | 14,737 | 15,153 | 15,051 | 14,564 | 14,435 | 15,000 | |
| Interest | 7,350 | 7,654 | 7,896 | 8,020 | 8,506 | 8,837 | 8,768 | 8,934 | 9,131 | 9,243 | 8,931 | 8,748 | 9,522 | |
| Expenses | -492 | 240 | -425 | 717 | 97 | 263 | 1,084 | 217 | 476 | 655 | 1,231 | 447 | 1,090 | |
| Financing Profit | 4,831 | 4,158 | 5,206 | 4,341 | 5,079 | 5,172 | 5,482 | 5,587 | 5,546 | 5,154 | 4,402 | 5,241 | 4,388 | |
| Financing Margin % | 41% | 34% | 41% | 33% | 37% | 36% | 36% | 38% | 37% | 34% | 30% | 36% | 29% | |
| Other Income | 13 | 20 | 29 | 14 | 24 | 15 | 15 | 87 | 10 | -11 | 20 | 35 | 10 | |
| Depreciation | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 7 | 7 | 7 | 7 | 7 | 7 | |
| Profit before tax | 4,838 | 4,172 | 5,229 | 4,349 | 5,097 | 5,181 | 5,490 | 5,666 | 5,549 | 5,136 | 4,415 | 5,268 | 4,391 | |
| Tax % | 22% | 21% | 22% | 20% | 21% | 21% | 21% | 21% | 20% | 21% | 24% | 20% | 21% | |
| Net Profit | 3,790 | 3,308 | 4,079 | 3,460 | 4,038 | 4,076 | 4,310 | 4,466 | 4,415 | 4,052 | 3,375 | 4,193 | 3,478 | |
| EPS in Rs | 14.39 | 12.56 | 15.49 | 13.14 | 15.33 | 15.48 | 16.37 | 16.96 | 16.77 | 15.39 | 12.82 | 15.92 | 13.21 | |
| Gross NPA % | ||||||||||||||
| Net NPA % | ||||||||||||||
| Raw PDF |
Earnings
Results dates & reactionsNo upcoming results date on calendar.
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
Avg earnings-day move +0.54% · closed higher next day 34 of last 62
| Q3FY24 | Q4FY24 | Q1FY25 | Q2FY25 | Q3FY25 | Q4FY25 | Q1FY26 | Q2FY26 | Q3FY26† | Q4FY26† | Q1FY27 | Q2FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Broadcast | 24 Jan '24 | 1 May '24◦ | 27 Jul '24◦ | 26 Oct '24◦ | 6 Feb '25◦ | 8 May '25◦ | 24 Jul '25◦ | 17 Oct '25◦ | 29 Jan '26◦ | 28 Apr '26 | 24 Jul '26◦ | 26 Oct '26◦ |
| Earnings day | +7.53% | +9.14% | +2.99% | +3.08% | +1.62% | −2.08% | −1.02% | −0.07% | −2.98% | −0.60% | +1.81% | −3.92% |
| +1 day | +8.14% | +9.91% | +2.60% | +7.78% | −2.46% | +5.16% | −3.04% | −0.01% | −3.25% | −3.84% | +1.89% | −2.75% |
| +5 days | +13.69% | +0.75% | −7.48% | +3.54% | −9.79% | +3.58% | −4.00% | +2.83% | −0.75% | −5.01% | +1.80% | — |
| +15 days | +11.18% | +5.88% | −4.15% | −3.36% | −12.98% | +2.52% | −6.56% | −4.24% | −5.62% | −11.92% | −5.97% | — |
| +30 days | +8.78% | +2.76% | −7.79% | +10.15% | +1.98% | +0.52% | −9.09% | −5.92% | −11.42% | −10.90% | −12.50% | — |
| Filing | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL |
Corporate actions
Last 6 months| Kind | Value | Ex-date | Record |
|---|---|---|---|
| dividend Interim Dividend - Rs 3.50 Per Share | 3.50 | 30 Oct '26 | 30 Oct '26 |
Shareholding
as of Sep 202652.63%Promoter
Promoters52.63%
FIIs16.78%1.02
DIIs16.55%0.43
Public13.97%0.60
Government0.05%
Ownership trend
Peers
7 companiesValuation vs quality
P/E × ROCE · bubble = market cap| Name | CMP | P/E | Mkt Cap | Div Yld | NP Qtr | Qtr Profit Var | Sales Qtr | Qtr Sales Var | ROCE |
|---|---|---|---|---|---|---|---|---|---|
| Power Fin.Corpn. | ₹313.60 | 3.97 | 1,03,491 | 5.92% | 8,998 | +2.12% | 28,527 | −0.04% | 9.71% |
| I R F C | ₹73.37 | 13.00 | 95,833 | 2.86% | 1,958 | +10.21% | 7,866 | +23.45% | 5.64% |
| REC Ltd | ₹285.60 | 4.98 | 75,205 | 6.50% | 3,478 | −21.23% | 15,000 | −1.00% | 9.71% |
| H U D C O | ₹143.07 | 6.73 | 28,647 | 4.23% | 851 | +35.05% | 3,717 | +26.55% | 8.41% |
| Indian Renewable | ₹99.50 | 14.15 | 27,869 | 1.36% | 554 | +0.96% | 2,344 | +13.94% | 8.69% |
| IFCI | ₹54.67 | 82.13 | 14,730 | 0.00% | 60 | −17.40% | 327 | −19.68% | 4.90% |
| Tour. Fin. Corp. | ₹157.92 | 47.44 | 7,311 | 0.38% | 61 | +100.29% | 81 | +27.17% | 11.13% |
| Median: 8 Co. | ₹121.28 | 13.57 | 28,258 | 2.11% | 703 | +1.54% | 3,030 | +13.94% | 8.55% |
Filings
Annual reports15
Concall transcripts49
RECOct 2026PPTJul 2026PPTApr 2026PPTJan 2026TranscriptNov 2025PPTNov 2025RECNov 2025TranscriptAug 2025PPTAug 2025RECAug 2025TranscriptMay 2025PPTMay 2025RECMay 2025TranscriptFeb 2025PPTFeb 2025RECFeb 2025TranscriptNov 2024PPTNov 2024RECNov 2024TranscriptAug 2024PPTAug 2024PPTJul 2024TranscriptMay 2024PPTMay 2024
Credit ratings6
Announcements5
Intimation Of Incorporation Of Subsidiary Company. 30 Oct - REC formed Zanskar Renewable Energy on Oct 29, 2026 for 140 MWp solar and 400 MWh BESS project.Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 29 Oct - Audio recording of REC’s investor conference call held on October 29, 2026 is now available.Announcement under Regulation 30 (LODR)-Newspaper Publication 27 Oct - Newspaper Clippings in respect of Financial Results and Record Date.Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 26 Oct - REC schedules investor conference call on October 29, 2026 for Q2 and H1 FY27 results.Outcome Of Board Meeting Held On October 26, 2026. 26 Oct - REC approved Q2 FY27 results, declared Rs3.50 interim dividend, and secured RBI/NSE/BSE merger NOCs on Oct 26.