REC Limited
RECLTDREC Limited
RECLTDPrice Chart
Scorecard
Performance
AvgPrice return has been average, nothing exciting
Valuation
AvgCan be considered moderately valued vs the market
Growth
LowLagging behind the market in financials growth
Profitability
AvgAverage profitability - not good, not bad
Entry point
GoodThe stock is underpriced and is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
9.53 | 2.01 | 3.02% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
18.47 | 2.57 | 0.77% |
Forecast & Ratings
Detailed Forecast from 7 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
REC is engaged in other financial services and activities-other Credit granting
Peers
Compare with peersIndian Railway Finance Corp Ltd
Power Finance Corporation Ltd
Rail Vikas Nigam Ltd
Indian Renewable Energy Development Agency Ltd
Housing and Urban Development Corporation Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 24,129.93 | 24,361.23 | 22,677.06 | 25,441.28 | 30,016.19 | 35,575.56 | 39,339.20 | 39,520.16 | 47,571.23 | 49,571.90 | ||||||||||
Raw Materials | — | — | — | — | — | — | — | — | — | 30,959.81 | ||||||||||
Power & Fuel Cost | — | — | — | — | — | — | — | — | — | |||||||||||
Employee Cost | 143.19 | 192.75 | 184.04 | 177.37 | 193.15 | 163.62 | 180.84 | 204.10 | 238.03 | |||||||||||
Selling & Administrative Expenses | 410.80 | 481.73 | 209.36 | 623.38 | 205.21 | 502.51 | 954.68 | 1,277.27 | 482.60 | |||||||||||
Operating & Other expenses | 15,409.61 | 14,674.06 | 16,319.21 | 16,541.80 | 22,576.08 | 24,118.98 | 25,754.91 | 24,116.86 | 28,866.67 | |||||||||||
EBITDA | 8,166.33 | 9,012.69 | 5,964.45 | 8,098.73 | 7,041.75 | 10,790.45 | 12,448.77 | 13,921.93 | 17,983.93 | 18,612.09 | ||||||||||
Depreciation/Amortization | 19.67 | 40.33 | 6.93 | 8.29 | 11.77 | 10.86 | 18.24 | 24.26 | 23.99 | 24.08 | ||||||||||
PBIT | 8,146.66 | 8,972.36 | 5,957.52 | 8,090.44 | 7,029.98 | 10,779.59 | 12,430.53 | 13,897.67 | 17,959.94 | 18,588.01 | ||||||||||
Interest & Other Items | — | — | — | — | — | — | — | — | — | — | ||||||||||
PBT | 8,146.66 | 8,972.36 | 5,957.52 | 8,090.44 | 7,029.98 | 10,779.59 | 12,430.53 | 13,897.67 | 17,959.94 | 18,588.01 | ||||||||||
Taxes & Other Items | 2,455.24 | 2,658.99 | 1,507.00 | 2,349.06 | 2,057.71 | 2,401.35 | 2,394.83 | 2,730.69 | 3,814.48 | 3,950.41 | ||||||||||
Net Income | 5,691.42 | 6,313.37 | 4,450.52 | 5,741.38 | 4,972.27 | 8,378.24 | 10,035.70 | 11,166.98 | 14,145.46 | 14,637.60 | ||||||||||
EPS | 21.61 | 23.98 | 16.90 | 21.80 | 18.88 | 31.82 | 38.11 | 42.41 | 53.72 | 55.59 | ||||||||||
DPS | 6.41 | 7.24 | 6.86 | 8.25 | 8.25 | 9.53 | 11.48 | 12.60 | 16.00 | 20.35 | ||||||||||
Payout ratio | 0.30 | 0.30 | 0.41 | 0.38 | 0.44 | 0.30 | 0.30 | 0.30 | 0.30 | 0.37 |
Company Updates
Peers & Comparison
FinancialsSpecialized Finance
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
REC Limited | 9.86 | 2.01 | 3.02% |
Indian Railway Finance Corp Ltd | 31.64 | 4.13 | 0.97% |
Power Finance Corporation Ltd | 8.03 | 1.18 | 2.81% |
Rail Vikas Nigam Ltd | 67.57 | 12.16 | — |
Price Comparison
Compare RECLTD with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding REC Limited
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
HDFC Balanced Advantage Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.8425% | Percentage of the fund’s portfolio invested in the stock 1.29% | Change in the portfolio weight of the stock over the last 3 months 0.07% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 17/293 (-2) |
HDFC Mid-Cap Opportunities Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.4747% | Percentage of the fund’s portfolio invested in the stock 0.91% | Change in the portfolio weight of the stock over the last 3 months -0.20% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 41/76 (-3) |
Nippon India Growth Fund - Growth Option - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.4310% | Percentage of the fund’s portfolio invested in the stock 1.84% | Change in the portfolio weight of the stock over the last 3 months 0.13% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 11/103 (0) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
Increasing Dividends
RECLTD has increased dividends consistently over the last 5 years
Dividend Yield
Current dividend yield is 2.93%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹29.30 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateAug 9, 2024
Dividend/Share
₹3.50
Ex DateEx Date
Aug 9, 2024
Cash Dividend
Ex DateEx DateJun 28, 2024
Dividend/Share
₹5.00
Ex DateEx Date
Jun 28, 2024
Cash Dividend
Ex DateEx DateMar 28, 2024
Dividend/Share
₹4.50
Ex DateEx Date
Mar 28, 2024
Cash Dividend
Ex DateEx DateNov 13, 2023
Dividend/Share
₹3.50
Ex DateEx Date
Nov 13, 2023
Cash Dividend
Ex DateEx DateAug 14, 2023
Dividend/Share
₹3.00
Ex DateEx Date
Aug 14, 2023
The key equity benchmarks traded with minor losses in mid-afternoon trade. The Nifty traded below the 25,350 level after hitting the day's high of 25,482.20 in afternoon trade. IT stocks extended losses for the three consecutive trading sessions. At 14:30 IST, the barometer index, the S&P BSE Sensex was down 200.09 points or 0.23% to 82,883.53. The Nifty 50 index fell 76.20 points or 0.30% to 25,342.35. The Sensex and Nifty clocked an all-time high of 83,326.38 and 25, 25,482.20, respectively in afternoon trade. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 0.88% and the S&P BSE Small-Cap index declined 0.60%. The market breadth was weak. On the BSE, 1,399 shares rose and 2,517 shares fell. A total of 116 shares were unchanged. Buzzing Index: The Nifty IT index fell 3.55% to 41,873.05. The index declined 3.50% in the two consecutive trading sessions. Mphasis (down 6.23%), Persistent Systems (down 4.19%), L&T Technology Services (down 4.03%), Tata Consultancy Services (down 3.89%), Tech Mahindra (down 3.62%), HCL Technologies (down 3.61%), Infosys (down 3.58%), Wipro (down 3.14%), Coforge (down 2.81%) and LTIMindtree (down 1.78%) slipped. Numbers to Track: MCX Gold futures for 4 October 2024 settlement fell 0.05% to Rs 73,057. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.10% to 100.80. The United States 10-year bond yield added 0.64% to 3.667. In the commodities market, Brent crude for November 2024 settlement lost 79 cents or 1.07% to $72.91 a barrel. Stocks in spotlight: REC rose 0.17%. The company said that it has signed non-binding memorandum of understandings (MoUs) with Renewable Energy (RE) developers aggregating about Rs 1.12 lakh crore, which will be implemented over a period of 5 years. Welspun Living added 1.17% after its subsidiary, Welspun USA Inc has approved acquisition and investment of $300,000 in, a newly incorporated company, Christy Home Inc on 17 September 2024. Powered by Capital Market - Live
In a regulatory filing made after market hours yesterday, the company informed that it had participated at the '4th Global Renewable Energy Investors Meet & Expo (RE-INVEST 2024)' that was held this month at Gandhinagar, Gujarat. RE-Invest is a global event which brings together Government Officials, industry leaders, investors, researchers, and policymakers. REC said that it had participated in the event and had engaging business discussions with several key stakeholders and leading RE developers. The company intends to be a key player in the country's journey of installed non fossil based generation capacity from 200 GW to 500 GW by 2030. Accordingly, REC has undertaken a non-binding financial commitment of increasing its renewables loan book to over Rs 3 lakh crore by 2030. This will increase the share of renewables from current 8% to 30% by 2030, with REC's loan book projected to be of Rs 10 lakh crore by 2030. At the RE-INVEST 2024, REC has signed non-binding Memorandum of Understandings (MoUs) with RE developers aggregating about ₹ 1.12 lakh crore which will be implemented over a period of 5 years. These MoUs cover projects based on solar and wind hybrid projects, solar and wind round the clock (RTC) project, firm and dispatchable RE (FDRE) power, floating solar plants, ultra mega renewable energy park, hydroelectric power project, battery energy storage systems (BESS), pumped storage, hydropower, green ammonia/hydrogen, solar cell/module manufacturing and other innovative technologies. 'Discussions are also underway for financing of Green Energy Corridors, Wind Turbine manufacturing, EV Ecosystem including associated charging infrastructure. Further, REC is also open to consider renewable projects by developers for the C&I segment having top rated offtakers,' the company said in a statement. REC is a government-owned infrastructure finance company in India. They fund projects in power (including new technologies) and non-power sectors (roads, metro, IT, etc.) for both government and private companies. The scrip rose 0.74% to currently trade at Rs 547.60 on the BSE. Powered by Capital Market - Live
REC Ltd rose for a fifth straight session today. The stock is quoting at Rs 626.85, up 0.1% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.35% on the day, quoting at 25240.45. The Sensex is at 82401.53, up 0.32%. REC Ltd has dropped around 2.7% in last one month. Meanwhile, Nifty Financial Services index of which REC Ltd is a constituent, has dropped around 1.12% in last one month and is currently quoting at 23581.7, up 0.4% on the day. The volume in the stock stood at 35.38 lakh shares today, compared to the daily average of 94.67 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 628.75, down 0.34% on the day. REC Ltd is up 162.66% in last one year as compared to a 31.09% gain in NIFTY and a 20.8% gain in the Nifty Financial Services index.The PE of the stock is 11.37 based on TTM earnings ending June 24.Powered by Capital Market - Live
REC Ltd is up for a third straight session in a row. The stock is quoting at Rs 595.95, up 1.99% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.57% on the day, quoting at 24712.8. The Sensex is at 80888.47, up 0.58%. REC Ltd has dropped around 3.69% in last one month. Meanwhile, Nifty Financial Services index of which REC Ltd is a constituent, has dropped around 1.79% in last one month and is currently quoting at 22922.7, up 1.23% on the day. The volume in the stock stood at 47.59 lakh shares today, compared to the daily average of 113.76 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 594.55, up 1.74% on the day. REC Ltd is up 149.46% in last one year as compared to a 27.43% spurt in NIFTY and a 18.56% spurt in the Nifty Financial Services index.The PE of the stock is 10.6 based on TTM earnings ending June 24.Powered by Capital Market - Live
REC announced that the Board of Directors of the Company at its meeting held on 27 July 2024, inter alia, have recommended the interim dividend of Rs 3.5 per equity Share (i.e. 35%) , subject to the approval of the shareholders.Powered by Capital Market - Live
REC Ltd looking at financing overseas projects, submitted application for subsidiary at GIFT City
Net profit of REC rose 16.58% to Rs 3460.19 crore in the quarter ended June 2024 as against Rs 2968.05 crore during the previous quarter ended June 2023. Sales rose 17.78% to Rs 13078.66 crore in the quarter ended June 2024 as against Rs 11103.93 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales13078.6611103.93 18 OPM %94.5297.01 - PBDT4355.153726.99 17 PBT4349.233721.16 17 NP3460.192968.05 17 Powered by Capital Market - Live
REC Ltd soars 2.76%, rises for third straight session
REC Ltd rose for a third straight session today. The stock is quoting at Rs 624.8, up 2.76% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.27% on the day, quoting at 24715.05. The Sensex is at 80979.62, up 1.17%. REC Ltd has added around 19.04% in last one month. Meanwhile, Nifty Financial Services index of which REC Ltd is a constituent, has added around 1.77% in last one month and is currently quoting at 23049.5, up 0.68% on the day. The volume in the stock stood at 70.32 lakh shares today, compared to the daily average of 171.21 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 622.65, up 2.26% on the day. REC Ltd is up 231.99% in last one year as compared to a 25.71% gain in NIFTY and a 13.87% gain in the Nifty Financial Services index.The PE of the stock is 11.41 based on TTM earnings ending March 24.Powered by Capital Market - Live
REC announced that the 55th Annual General Meeting (AGM) of the company will be held on 20 August 2024.Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 13.33%, vs industry avg of 12.57%
Increasing Market Share
Over the last 5 years, market share increased from 21.1% to 22.68%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 19.76%, vs industry avg of 18.41%