Nifty
:
25112.40
Sensex
:
82408.17
319.15 (1.29%)
1046.30 (1.29%)
Nifty
Sensex
:
:
25112.40
82408.17
319.15 (1.29%)
1046.30 (1.29%)

REC Ltd.

Finance - NBFC

Rating :
54/99

BSE: 532955 | NSE: RECLTD

NSE BSE
394.45
20-Jun-2025
  • Open
  • High
  • Low
  • Previous Close
  •  391.5
  •  400.85
  •  389.25
  •  383.65
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  22119958
  •  8758425728.75
  •  654
  •  357.35

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 1,03,946.52
  • 6.54
  • 10
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 2,95,903.31
  • 4.56%
  • 1.33

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 52.63%
  • 0.89%
  • 9.94%
  • FII
  • DII
  • Others
  • 20.48%
  • 13.38%
  • 2.68%

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 8.83
  • 9.66
  • 6.55

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 9.38
  • 12.37
  • 6.19

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 10.22
  • 23.30
  • 12.12

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 4.50
  • 3.99
  • 6.67

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 0.91
  • 1.01
  • 1.28

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 9.48
  • 9.30
  • 8.57

Earnings Forecasts:

(Updated: 06-06-2025)
Description
2024
2025
2026
2027
Adj EPS
53.24
59.67
66.3
72.15
P/E Ratio
7.41
6.61
5.95
5.47
Revenue
46980
55703
23634
26631
EBITDA
47686
53951
22715
25111
Net Income
14019
15713
17444
18965
ROA
2.8
2.7
2.7
2.5
P/B Ratio
1.51
1.34
1.14
0.99
ROE
22.17
21.46
20.52
19.29
FCFF
-57918
-39141
FCFF Yield
-9.65
-6.52
Net Debt
443115
494539
551070
637154
BVPS
261.21
294.84
347.32
400.2

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 25
Mar 24
Var%
Dec 24
Dec 23
Var%
Sep 24
Sep 23
Var%
Jun 24
Jun 23
Var%
Net Sales
15,333.54
12,677.18
20.95%
14,271.92
12,051.77
18.42%
13,682.43
11,671.87
17.23%
13,078.66
11,103.94
17.78%
Expenses
1,083.58
-424.55
-
262.61
240.26
9.30%
97.33
-508.63
-
717.05
332.49
115.66%
EBITDA
14,249.96
13,101.73
8.76%
14,009.31
11,811.51
18.61%
13,585.10
12,180.50
11.53%
12,361.61
10,771.45
14.76%
EBIDTM
92.93%
103.35%
98.16%
98.01%
99.29%
104.36%
94.52%
97.01%
Other Income
14.83
29.48
-49.69%
14.99
19.77
-24.18%
23.88
13.02
83.41%
13.78
4.21
227.32%
Interest
8,768.41
7,895.71
11.05%
8,837.02
7,653.59
15.46%
8,505.61
7,349.77
15.73%
8,020.25
7,048.67
13.78%
Depreciation
6.49
6.02
7.81%
6.31
6.00
5.17%
5.98
6.14
-2.61%
5.92
5.83
1.54%
PBT
5,489.89
5,229.48
4.98%
5,180.97
4,171.69
24.19%
5,097.39
4,837.61
5.37%
4,349.22
3,721.16
16.88%
Tax
1,179.91
1,150.39
2.57%
1,104.62
863.27
27.96%
1,059.67
1,047.71
1.14%
889.03
753.11
18.05%
PAT
4,309.98
4,079.09
5.66%
4,076.35
3,308.42
23.21%
4,037.72
3,789.90
6.54%
3,460.19
2,968.05
16.58%
PATM
28.11%
32.18%
28.56%
27.45%
29.51%
32.47%
26.46%
26.73%
EPS
16.37
15.49
5.68%
15.48
12.56
23.25%
15.33
14.39
6.53%
13.14
11.27
16.59%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Mar 15
Net Sales
56,366.55
47,504.75
39,478.26
39,269.05
35,552.84
29,951.65
25,399.02
22,651.60
24,194.92
24,012.88
20,384.34
Net Sales Growth
18.65%
20.33%
0.53%
10.45%
18.70%
17.92%
12.13%
-6.38%
0.76%
17.80%
 
Cost Of Goods Sold
30.80
0.00
0.00
0.00
0.00
0.00
0.00
0.04
295.88
156.81
0.44
Gross Profit
56,335.75
47,504.75
39,478.26
39,269.05
35,552.84
29,951.65
25,399.02
22,651.56
23,899.04
23,856.07
20,383.90
GP Margin
99.95%
100%
100%
100%
100%
100%
100%
100.00%
98.78%
99.35%
100.00%
Total Expenditure
2,160.57
1,002.15
1,856.89
4,824.76
3,291.26
3,999.08
1,688.33
3,391.43
1,888.60
1,681.25
1,404.99
Power & Fuel Cost
-
0.00
0.00
0.00
0.00
0.00
0.00
0.00
2.34
2.30
1.43
% Of Sales
-
0%
0%
0%
0%
0%
0%
0%
0.01%
0.01%
0.01%
Employee Cost
-
238.03
204.10
180.84
163.62
193.15
177.37
184.04
192.75
143.19
136.75
% Of Sales
-
0.50%
0.52%
0.46%
0.46%
0.64%
0.70%
0.81%
0.80%
0.60%
0.67%
Manufacturing Exp.
-
202.57
85.11
100.81
124.87
100.75
112.23
154.87
117.94
87.04
51.85
% Of Sales
-
0.43%
0.22%
0.26%
0.35%
0.34%
0.44%
0.68%
0.49%
0.36%
0.25%
General & Admin Exp.
-
105.80
78.53
70.41
62.83
72.68
144.61
72.19
67.91
46.65
22.07
% Of Sales
-
0.22%
0.20%
0.18%
0.18%
0.24%
0.57%
0.32%
0.28%
0.19%
0.11%
Selling & Distn. Exp.
-
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
% Of Sales
-
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
Miscellaneous Exp.
-
455.75
1,489.15
4,472.70
2,939.94
3,632.50
1,254.12
2,980.29
1,214.12
1,247.56
0.00
% Of Sales
-
0.96%
3.77%
11.39%
8.27%
12.13%
4.94%
13.16%
5.02%
5.20%
5.86%
EBITDA
54,205.98
46,502.60
37,621.37
34,444.29
32,261.58
25,952.57
23,710.69
19,260.17
22,306.32
22,331.63
18,979.35
EBITDA Margin
96.17%
97.89%
95.30%
87.71%
90.74%
86.65%
93.35%
85.03%
92.19%
93.00%
93.11%
Other Income
67.48
1,446.06
41.90
70.15
22.72
77.27
35.31
28.18
167.96
117.05
165.55
Interest
34,131.29
29,964.73
23,741.34
22,053.86
21,491.88
18,997.23
15,657.22
13,334.57
13,461.59
14,282.35
11,584.24
Depreciation
24.70
23.99
24.26
18.24
10.86
11.77
8.29
6.93
40.33
19.67
8.32
PBT
20,117.47
17,959.94
13,897.67
12,442.34
10,781.56
7,020.84
8,080.49
5,946.85
8,972.36
8,146.66
7,552.34
Tax
4,233.23
3,814.48
2,730.69
2,394.84
2,401.35
2,057.71
2,349.06
1,507.00
2,658.99
2,455.24
2,207.92
Tax Rate
21.04%
21.24%
19.65%
19.25%
22.27%
29.31%
29.07%
25.34%
29.64%
30.14%
29.23%
PAT
15,884.24
14,145.46
11,166.98
10,035.69
8,380.21
4,963.13
5,731.43
4,439.85
6,313.37
5,691.42
5,344.42
PAT before Minority Interest
15,884.24
14,145.46
11,166.98
10,035.69
8,380.21
4,963.13
5,731.43
4,439.85
6,313.37
5,691.42
5,344.42
Minority Interest
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
PAT Margin
28.18%
29.78%
28.29%
25.56%
23.57%
16.57%
22.57%
19.60%
26.09%
23.70%
26.22%
PAT Growth
12.29%
26.67%
11.27%
19.75%
68.85%
-13.41%
29.09%
-29.68%
10.93%
6.49%
 
EPS
60.32
53.72
42.41
38.11
31.83
18.85
21.77
16.86
23.98
21.61
20.30

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Mar 15
Shareholder's Funds
69,350.25
58,120.51
51,314.10
43,763.93
35,396.43
34,546.34
32,587.61
33,670.56
28,893.40
25,072.58
Share Capital
3,191.62
3,191.62
2,533.32
2,533.32
1,974.92
1,974.92
1,974.92
1,974.92
987.46
987.46
Total Reserves
66,158.63
54,928.89
48,780.78
41,230.61
33,421.51
32,571.42
30,612.69
31,695.64
27,905.94
24,085.12
Non-Current Liabilities
4,06,866.20
3,61,093.32
3,21,793.40
3,08,863.21
2,74,362.88
2,32,751.25
1,98,435.09
1,54,335.65
1,40,136.94
1,32,272.63
Secured Loans
55,112.56
51,497.96
40,540.79
35,480.11
39,902.00
49,547.59
61,041.90
49,414.74
52,734.35
58,815.80
Unsecured Loans
3,54,153.17
3,10,169.06
2,81,225.17
2,75,705.76
2,34,776.05
1,83,614.14
1,37,896.80
1,00,266.15
86,049.50
72,307.46
Long Term Provisions
101.43
2,733.86
3,187.56
138.37
1,735.40
1,895.45
2,338.82
4,601.42
1,295.54
1,007.39
Current Liabilities
72,692.07
45,678.74
37,710.58
48,528.80
36,901.08
30,705.57
10,710.39
24,990.66
37,914.58
26,110.70
Trade Payables
90.51
41.68
36.48
61.85
46.15
67.29
63.14
160.39
117.96
30.83
Other Current Liabilities
32,978.98
26,428.51
26,350.91
27,189.64
25,191.85
19,491.15
5,131.13
24,524.99
30,477.43
24,887.16
Short Term Borrowings
36,301.77
19,122.74
11,276.71
18,537.49
11,610.51
11,087.08
5,427.93
110.98
6,460.77
734.00
Short Term Provisions
3,320.81
85.81
46.48
2,739.82
52.57
60.05
88.19
194.30
858.42
458.71
Total Liabilities
5,48,908.52
4,64,892.57
4,10,818.08
4,01,155.94
3,46,660.39
2,98,003.16
2,41,733.09
2,12,996.87
2,06,944.92
1,83,455.91
Net Block
631.50
640.80
628.32
266.85
165.79
165.18
131.75
354.85
254.08
109.97
Gross Block
730.93
723.99
696.53
319.66
218.90
217.32
176.66
446.91
308.55
145.51
Accumulated Depreciation
99.43
83.19
68.21
52.81
53.11
52.14
44.91
92.06
54.47
35.54
Non Current Assets
5,29,343.91
4,52,829.77
4,02,181.31
3,92,135.66
3,39,011.00
2,93,685.24
2,38,374.90
1,83,450.61
1,60,440.35
1,65,577.21
Capital Work in Progress
23.59
2.72
6.07
336.44
288.39
198.53
128.69
165.59
78.05
9.81
Non Current Investment
4,764.57
2,737.82
1,902.16
1,596.59
2,304.75
2,462.77
2,882.95
2,432.57
2,202.14
1,157.21
Long Term Loans & Adv.
24,732.20
27,364.52
27,714.22
24,674.29
24,168.57
20,407.84
2,334.35
2,876.68
193.32
140.08
Other Non Current Assets
0.00
0.00
0.00
0.00
0.00
0.00
4,018.91
345.68
8.92
8.11
Current Assets
19,544.41
12,058.17
8,632.40
9,020.28
7,649.39
4,317.92
3,358.19
29,546.26
46,504.57
17,878.56
Current Investments
587.75
432.18
288.28
384.84
80.84
0.00
64.84
184.36
149.41
438.81
Inventories
0.00
0.00
0.00
0.00
0.00
0.00
0.00
51.18
66.79
0.00
Sundry Debtors
153.82
113.00
94.55
140.07
109.07
137.72
133.76
438.40
231.89
120.28
Cash & Bank
2,962.50
2,395.61
2,659.95
3,402.82
3,975.16
2,115.07
2,195.27
4,650.79
1,864.08
645.71
Other Current Assets
15,840.34
9,002.59
5,513.77
2,333.59
3,484.32
2,065.13
964.32
24,221.53
44,192.40
16,673.76
Short Term Loans & Adv.
3,330.97
114.79
75.85
2,758.96
152.53
56.06
25.85
23,061.17
42,609.68
15,144.03
Net Current Assets
-53,147.66
-33,620.57
-29,078.18
-39,508.52
-29,251.69
-26,387.65
-7,352.20
4,555.60
8,589.99
-8,232.14
Total Assets
5,48,888.32
4,64,887.94
4,10,813.71
4,01,155.94
3,46,660.39
2,98,003.16
2,41,733.09
2,12,996.87
2,06,944.92
1,83,455.91

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Mar 15
Cash From Operating Activity
-57,722.64
-37,359.77
-818.53
-43,512.33
-32,441.57
-35,865.80
-32,509.81
6,804.52
-13,278.01
-23,898.23
PBT
17,959.94
13,897.67
12,430.53
10,779.59
7,029.98
8,090.44
5,957.52
8,972.36
8,146.66
7,552.34
Adjustment
-2,757.89
1,034.09
3,959.80
2,766.43
3,988.52
642.61
2,856.82
1,216.01
2,041.82
1,293.34
Changes in Working Capital
-69,652.94
-49,617.20
-14,130.73
-54,373.88
-41,699.39
-42,527.94
-39,124.12
-813.85
-20,933.40
-30,413.63
Cash after chg. in Working capital
-54,450.89
-34,685.44
2,259.60
-40,827.86
-30,680.89
-33,794.89
-30,309.78
9,374.52
-10,744.92
-21,567.95
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-3,271.75
-2,674.33
-3,078.13
-2,684.47
-1,760.68
-2,070.91
-2,200.03
-2,570.00
-2,533.09
-2,330.28
Other Direct Exp. Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Extra & Other Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Cash From Investing Activity
-1,830.97
-942.95
-287.44
860.52
-148.91
456.77
45.88
-100.96
-755.70
151.09
Net Fixed Assets
-28.03
-24.30
-46.50
-154.22
-89.00
-110.12
-79.07
-31.60
-73.46
-4.37
Net Investments
-2,182.33
-980.01
-248.19
403.44
84.41
427.18
-128.36
-229.83
-853.15
94.32
Others
379.39
61.36
7.25
611.30
-144.32
139.71
253.31
160.47
170.91
61.14
Cash from Financing Activity
59,587.82
38,122.84
67.72
42,113.34
33,926.20
35,542.59
28,243.85
-3,946.81
15,291.17
23,098.11
Net Cash Inflow / Outflow
34.21
-179.88
-1,038.25
-538.47
1,335.72
133.56
-4,220.08
2,756.75
1,257.46
-649.03
Opening Cash & Equivalents
-38.90
140.99
1,179.24
1,717.71
381.99
248.43
4,468.51
1,823.59
559.10
1,207.95
Closing Cash & Equivalent
-4.69
-38.89
140.99
1,179.24
1,717.71
381.99
248.43
4,580.34
1,816.56
558.92

Financial Ratios

Consolidated /

Standalone
Description
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Mar 15
Book Value (Rs.)
261.25
218.60
192.75
164.08
179.23
174.93
165.01
170.49
146.30
126.95
ROA
2.79%
2.55%
2.47%
2.24%
1.54%
2.12%
1.95%
3.01%
2.92%
3.18%
ROE
22.39%
20.62%
21.36%
21.32%
14.19%
17.07%
13.40%
20.18%
21.09%
23.30%
ROCE
10.05%
9.14%
9.10%
9.29%
8.67%
9.21%
8.79%
11.23%
11.99%
11.85%
Fixed Asset Turnover
65.30
55.58
77.29
132.03
137.32
128.94
72.65
64.05
105.77
164.58
Receivable days
1.02
0.96
1.09
1.28
1.50
1.95
4.61
5.06
2.68
1.62
Inventory Days
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.89
1.02
0.00
Payable days
0.00
0.00
0.00
0.00
67.66
79.83
117.84
81.06
57.06
33.87
Cash Conversion Cycle
1.02
0.96
1.09
1.28
-66.15
-77.88
-113.23
-75.12
-53.37
-32.25
Total Debt/Equity
6.42
6.55
6.49
7.53
8.09
7.07
6.27
4.99
5.86
6.02
Interest Cover
1.60
1.59
1.56
1.50
1.37
1.52
1.45
1.67
1.57
1.65

Annual Reports:

FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017
FY 2016
FY 2015

News Update:


  • REC’s arm incorporates wholly owned subsidiary
    18th Jun 2025, 16:13 PM

    REC’s wholly owned subsidiary has incorporated wholly owned subsidiary namely ‘Rajgarh Neemuch Power Transmission’

    Read More
  • REC gets nod to strike-off SPV
    5th Jun 2025, 12:30 PM

    The Board of Directors of the company at its meeting held on June 04, 2025, inter-alia considered and approved the same

    Read More
  • REC gets nod to raise funds upto Rs 1,55,000 crore
    5th Jun 2025, 12:13 PM

    The funds will be raised, in one or more tranches, during a period of one year from the date of passing of resolution by the shareholders

    Read More
  • REC’s arm incorporates wholly owned subsidiary
    29th May 2025, 15:08 PM

    Robertsganj Power Transmission has been incorporated for transmission system for evacuation of power from pumped storage projects in Sonbhadra District, Uttar Pradesh

    Read More
  • REC’s arm incorporates wholly owned subsidiaries
    22nd May 2025, 12:00 PM

    Hampapura Power Transmission has been incorporated for Establishing 400 KV Substation at Hampapura along with associated transmission lines (Mandya District, Karnataka)

    Read More
  • REC’s arm incorporates wholly owned subsidiary
    21st May 2025, 12:58 PM

    Mekhali Power Transmission has been incorporated for Establishing 400 KV Substation at Mekhali along with associated transmission lines

    Read More
  • REC to provide Rs 2.5 lakh crore finance for renewable energy projects till 2030
    9th May 2025, 11:30 AM

    The company has planned to achieve a loan book of Rs 10 lakh crore including Rs 3 lakh crore exposure in renewable energy project by 2030

    Read More
  • REC raises Rs 5,000 crore through issuance of bonds
    29th Apr 2025, 09:51 AM

    The bonds will be listed on both the BSE and the NSE, enhancing their liquidity and offering investors easy tradability

    Read More
  • REC signs MoU with MMRDA
    9th Apr 2025, 16:58 PM

    The funding will be disbursed over the next five years, ensuring steady progress in modernising and enhancing the region's infrastructure

    Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.