REC Limited
RECLTDREC Limited
RECLTD


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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
7.30 | 1.65 | 3.69% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
17.25 | 2.40 | 1.00% |
Forecast & Ratings
Detailed Forecast from 11 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
REC is engaged in other financial services and activities-other Credit granting
Investor Presentation
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
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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 | 53,792.32 | ||||||||||
Raw Materials | — | — | — | — | — | — | — | — | — | 33,911.02 | ||||||||||
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 | 19,881.30 | ||||||||||
Depreciation/Amortization | 19.67 | 40.33 | 6.93 | 8.29 | 11.77 | 10.86 | 18.24 | 24.26 | 23.99 | 24.23 | ||||||||||
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 | 19,857.07 | ||||||||||
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 | 19,857.07 | ||||||||||
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 | 4,203.72 | ||||||||||
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 | 15,653.35 | ||||||||||
EPS | 21.61 | 23.98 | 16.90 | 21.80 | 18.88 | 31.82 | 38.11 | 42.41 | 53.72 | 59.45 | ||||||||||
DPS | 6.41 | 7.24 | 6.86 | 8.25 | 8.25 | 9.53 | 11.48 | 12.60 | 16.00 | 17.00 | ||||||||||
Payout ratio | 0.30 | 0.30 | 0.41 | 0.38 | 0.44 | 0.30 | 0.30 | 0.30 | 0.30 | 0.29 |
Company Updates
Annual report
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PDFInvestor Presentation
Peers & Comparison
FinancialsSpecialized Finance
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
REC Limited | 8.08 | 1.65 | 3.69% |
Indian Railway Finance Corp Ltd | 27.78 | 3.62 | 1.10% |
Power Finance Corporation Ltd | 6.77 | 1.00 | 3.33% |
Rail Vikas Nigam Ltd | 53.38 | 9.61 | 0.52% |
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
Mar 2024
Jun 2024
Sep 2024
Dec 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) |
---|---|---|---|---|
The rupee value of the stock held by the fund divided by the stock’s market cap 0.8712% | Percentage of the fund’s portfolio invested in the stock 1.04% | Change in the portfolio weight of the stock over the last 3 months -0.14% | 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 18/311 (-1) | |
The rupee value of the stock held by the fund divided by the stock’s market cap 0.4328% | Percentage of the fund’s portfolio invested in the stock 0.64% | Change in the portfolio weight of the stock over the last 3 months -0.14% | 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 45/78 (0) | |
The rupee value of the stock held by the fund divided by the stock’s market cap 0.3972% | Percentage of the fund’s portfolio invested in the stock 2.50% | Change in the portfolio weight of the stock over the last 3 months 0.24% | 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 7/73 (+3) |
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Events
Dividend Trend
Increasing Dividends
RECLTD has increased dividends consistently over the last 5 years
Dividend Yield
Current dividend yield is 3.69%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹36.85 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
Cash Dividend
Ex DateEx DateFeb 14, 2025
Dividend/Share
₹4.30
Ex DateEx Date
Feb 14, 2025
Past Dividends
Cash Dividend
Ex DateEx DateNov 8, 2024
Dividend/Share
₹4.00
Ex DateEx Date
Nov 8, 2024
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
REC announced that the Board of Directors of the Company at its meeting held on 6 February 2025, inter alia, have recommended the 3rd interim dividend of Rs 4.3 per equity Share (i.e. 43%) , subject to the approval of the shareholders.Powered by Capital Market - Live
Net profit of REC rose 23.21% to Rs 4076.35 crore in the quarter ended December 2024 as against Rs 3308.42 crore during the previous quarter ended December 2023. Sales rose 18.42% to Rs 14271.92 crore in the quarter ended December 2024 as against Rs 12051.77 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales14271.9212051.77 18 OPM %98.1698.01 - PBDT5187.284177.69 24 PBT5180.974171.69 24 NP4076.353308.42 23 Powered by Capital Market - Live
Total income stood at Rs 14,286.91 crore in the quarter ended 31 December 2024, up 18.35% from Rs 12,071.54 crore reported in the same period a year ago. Profit before tax stood at Rs 5,180.97 crore in Q3 FY25, up 24.19% as against Rs 4,171.69 crore recorded in Q3 FY24. Total expenses climbed 15.27% YoY to Rs 9,105.94 crore during the quarter. Finance cost was at Rs 8,837.02 crore (up 15.46% YoY), and employee benefits expense was at Rs 54.83 crore (down 21.03% YoY). On a nine-month basis, the company's consolidated net profit rose 14.98% to Rs 11,574.25 crore on 17.84% increase in total income to Rs 41,085.66 crore in 9M FY25 over 9M FY24. Meanwhile, the company's board has declared an interim dividend of Rs 4.30 per equity share for the financial year 2024-2025. The record date fixed for the payment of the interim dividend is 14 February 2025. The date fixed for payment of dividend is on or before 6 March 2025. REC, a Navratna company under the Ministry of Power, provides financial assistance to the power sector in all segments. It funds its business with market borrowings of various maturities, including bonds and term loans, apart from foreign borrowings. Powered by Capital Market - Live
REC Ltd is up for a third straight session in a row. The stock is quoting at Rs 451, up 2.42% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.94% on the day, quoting at 23468.7. The Sensex is at 77370.53, up 0.8%. REC Ltd has dropped around 10.79% in last one month. Meanwhile, Nifty Financial Services index of which REC Ltd is a constituent, has dropped around 1.72% in last one month and is currently quoting at 23133.7, up 0.34% on the day. The volume in the stock stood at 46.88 lakh shares today, compared to the daily average of 79.32 lakh shares in last one month. The benchmark February futures contract for the stock is quoting at Rs 449.7, up 2.18% on the day. REC Ltd is down 8.75% in last one year as compared to a 8.16% gain in NIFTY and a 13.14% gain in the Nifty Financial Services index.The PE of the stock is 7.87 based on TTM earnings ending September 24.Powered by Capital Market - Live
REC will hold a meeting of the Board of Directors of the Company on 6 February 2025.Powered by Capital Market - Live
REC Ltd rose for a third straight session today. The stock is quoting at Rs 486.25, up 1.59% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.44% on the day, quoting at 23314.5. The Sensex is at 77056.18, up 0.43%. REC Ltd has dropped around 11.68% in last one month. Meanwhile, Nifty Financial Services index of which REC Ltd is a constituent, has dropped around 6.26% in last one month and is currently quoting at 22680.1, up 1.26% on the day. The volume in the stock stood at 33.89 lakh shares today, compared to the daily average of 77.27 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 488.1, up 1.53% on the day. REC Ltd is up 14.04% in last one year as compared to a 8.08% gain in NIFTY and a 11.87% gain in the Nifty Financial Services index.The PE of the stock is 8.55 based on TTM earnings ending September 24.Powered by Capital Market - Live
Of this, renewable energy loans aggregated to Rs 6,314 crore, up 58.09% YoY in disbursals for Q3 FY24-25, compared with Rs 3,994 crore disbursed in Q3 FY23-24. For the nine months ended on 31 December 2024, REC has disbursed loans worth Rs 1,45,647 crore, up 19.3% YoY. The quantum of renewable energy loans stood at Rs 17,612 crore, up 78.68% YoY. REC, a Navratna company under the Ministry of Power, provides financial assistance to the power sector in all segments. It funds its business with market borrowings of various maturities, including bonds and term loans, apart from foreign borrowings. REC reported a 6.54% rise in consolidated net profit to Rs 4,037.72 crore on a 17.23% increase in revenue from operations to Rs 13,682.43 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live
REC Ltd is up for a third straight session today. The stock is quoting at Rs 513.55, up 1.58% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.29% on the day, quoting at 24048.55078125. The Sensex is at 79487.22, up 1.25%. REC Ltd has slipped around 4.85% in last one month. Meanwhile, Nifty Financial Services index of which REC Ltd is a constituent, has slipped around 1.74% in last one month and is currently quoting at 23619.95, up 1.07% on the day. The volume in the stock stood at 46.9 lakh shares today, compared to the daily average of 61.45 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 517, up 1.67% on the day. REC Ltd is up 21.25% in last one year as compared to a 11.76% jump in NIFTY and a 12.31% jump in the Nifty Financial Services index.The PE of the stock is 9.03 based on TTM earnings ending September 24.Powered by Capital Market - Live
REC announced that the term of Dr. Durgesh Nandini as Part-time Non-Official (Independent) Director has ended on 26 December 2024 and she ceased to be Director of REC with effect from 27 December 2024. Powered by Capital Market - Live
The newly incorporated entity, Rajgarh III Power Transmission is also a subsidiary of REC. The company has been incorporated for transmission system for evacuation of power from RE projects in Rajgarh (1500 MW) SEZ in Madhya Pradesh-Phase III. Rajgarh III Power Transmission has been incorporated on December 24, 2024 with a paid up capital of Rs 5 lakh. After selection of the successful bidder in accordance with the Tariff Based Competitive Bidding (TBCB) guidelines, said company would be transferred to the successful bidder along with all assets & liabilities. RECPDCL acts as the 'BPC' for selection of transmission service provider through TBCB process, for independent inter-state and intra-state transmission project assigned by the Ministry of Power and State Governments from time to time. REC, a Navratna company under the Ministry of Power, provides financial assistance to the power sector in all segments. It funds its business with market borrowings of various maturities, including bonds and term loans apart from foreign borrowings. REC reported 6.54% rise in consolidated net profit to Rs 4,037.72 crore on 17.23% increase in revenue from operations to 13,682.43 crore in Q2 FY25 over Q2 FY24. 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 12.69%
Increasing Market Share
Over the last 5 years, market share increased from 20.87% to 22.06%
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 18.31%