Nifty
:
24631.30
Sensex
:
80597.66
11.95 (0.05%)
57.75 (0.07%)
Nifty
Sensex
:
:
24631.30
80597.66
11.95 (0.05%)
57.75 (0.07%)

REC Ltd.

Finance - NBFC

Rating :
51/99

BSE: 532955 | NSE: RECLTD

NSE BSE
381.55
14-Aug-2025
  • Open
  • High
  • Low
  • Previous Close
  •  386
  •  386
  •  381
  •  387.15
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  3287588
  •  1257408137.1
  •  636
  •  357.35

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 1,00,470.66
  • 5.95
  • 10
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 5,94,369.88
  • 4.72%
  • 1.22

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 52.63%
  • 0.85%
  • 10.58%
  • FII
  • DII
  • Others
  • 19.16%
  • 14.00%
  • 2.78%

Chart

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

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 8.91
  • 9.66
  • 12.60

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 9.27
  • 10.94
  • 7.58

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 10.81
  • 13.64
  • 12.46

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 4.50
  • 4.02
  • 6.67

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 0.91
  • 1.03
  • 1.32

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 9.44
  • 9.19
  • 8.39

Earnings Forecasts:

(Updated: 06-06-2025)
Description
2024
2025
2026
2027
Adj EPS
53.24
59.67
66.3
72.15
P/E Ratio
7.17
6.39
5.75
5.29
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
1.46
1.29
1.10
0.95
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
Jun 25
Jun 24
Var%
Mar 25
Mar 24
Var%
Dec 24
Dec 23
Var%
Sep 24
Sep 23
Var%
Net Sales
14,737.45
13,078.66
12.68%
15,333.54
12,677.18
20.95%
14,271.92
12,051.77
18.42%
13,682.43
11,671.87
17.23%
Expenses
216.69
717.05
-69.78%
1,083.58
-424.55
-
262.61
240.26
9.30%
97.33
-508.63
-
EBITDA
14,520.76
12,361.61
17.47%
14,249.96
13,101.73
8.76%
14,009.31
11,811.51
18.61%
13,585.10
12,180.50
11.53%
EBIDTM
98.53%
94.52%
92.93%
103.35%
98.16%
98.01%
99.29%
104.36%
Other Income
86.53
13.78
527.94%
14.83
29.48
-49.69%
14.99
19.77
-24.18%
23.88
13.02
83.41%
Interest
8,934.18
8,020.25
11.40%
8,768.41
7,895.71
11.05%
8,837.02
7,653.59
15.46%
8,505.61
7,349.77
15.73%
Depreciation
6.70
5.92
13.18%
6.49
6.02
7.81%
6.31
6.00
5.17%
5.98
6.14
-2.61%
PBT
5,666.41
4,349.22
30.29%
5,489.89
5,229.48
4.98%
5,180.97
4,171.69
24.19%
5,097.39
4,837.61
5.37%
Tax
1,200.70
889.03
35.06%
1,179.91
1,150.39
2.57%
1,104.62
863.27
27.96%
1,059.67
1,047.71
1.14%
PAT
4,465.71
3,460.19
29.06%
4,309.98
4,079.09
5.66%
4,076.35
3,308.42
23.21%
4,037.72
3,789.90
6.54%
PATM
30.30%
26.46%
28.11%
32.18%
28.56%
27.45%
29.51%
32.47%
EPS
16.96
13.14
29.07%
16.37
15.49
5.68%
15.48
12.56
23.25%
15.33
14.39
6.53%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Net Sales
58,025.34
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
Net Sales Growth
17.27%
18.65%
20.33%
0.53%
10.45%
18.70%
17.92%
12.13%
-6.38%
0.76%
 
Cost Of Goods Sold
54.87
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.04
295.88
156.81
Gross Profit
57,970.47
56,366.55
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
GP Margin
99.91%
100%
100%
100%
100%
100%
100%
100%
100.00%
98.78%
99.35%
Total Expenditure
1,660.21
2,153.83
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
Power & Fuel Cost
-
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
2.34
2.30
% Of Sales
-
0%
0%
0%
0%
0%
0%
0%
0%
0.01%
0.01%
Employee Cost
-
268.13
238.20
204.10
180.84
163.62
193.15
177.37
184.04
192.75
143.19
% Of Sales
-
0.48%
0.50%
0.52%
0.46%
0.46%
0.64%
0.70%
0.81%
0.80%
0.60%
Manufacturing Exp.
-
208.20
202.57
85.11
100.81
124.87
100.75
112.23
154.87
117.94
87.04
% Of Sales
-
0.37%
0.43%
0.22%
0.26%
0.35%
0.34%
0.44%
0.68%
0.49%
0.36%
General & Admin Exp.
-
123.80
105.62
78.53
70.41
62.83
72.68
144.61
72.19
67.91
46.65
% Of Sales
-
0.22%
0.22%
0.20%
0.18%
0.18%
0.24%
0.57%
0.32%
0.28%
0.19%
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.
-
1,553.70
455.76
1,489.15
4,472.70
2,939.94
3,632.50
1,254.12
2,980.29
1,214.12
0.00
% Of Sales
-
2.76%
0.96%
3.77%
11.39%
8.27%
12.13%
4.94%
13.16%
5.02%
5.20%
EBITDA
56,365.13
54,212.72
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
EBITDA Margin
97.14%
96.18%
97.89%
95.30%
87.71%
90.74%
86.65%
93.35%
85.03%
92.19%
93.00%
Other Income
140.23
67.48
1,446.06
41.90
70.15
22.72
77.27
35.31
28.18
167.96
117.05
Interest
35,045.22
34,138.03
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
Depreciation
25.48
24.70
23.99
24.26
18.24
10.86
11.77
8.29
6.93
40.33
19.67
PBT
21,434.66
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
Tax
4,544.90
4,233.24
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
Tax Rate
21.20%
21.04%
21.24%
19.65%
19.25%
22.27%
29.31%
29.07%
25.34%
29.64%
30.14%
PAT
16,889.76
15,884.23
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
PAT before Minority Interest
16,889.76
15,884.23
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
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
29.11%
28.18%
29.78%
28.29%
25.56%
23.57%
16.57%
22.57%
19.60%
26.09%
23.70%
PAT Growth
15.39%
12.29%
26.67%
11.27%
19.75%
68.85%
-13.41%
29.09%
-29.68%
10.93%
 
EPS
64.14
60.32
53.72
42.41
38.11
31.83
18.85
21.77
16.86
23.98
21.61

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Shareholder's Funds
78,376.06
69,350.24
58,120.51
51,314.10
43,763.93
35,396.43
34,546.34
32,587.61
33,670.56
28,893.40
Share Capital
3,191.62
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
Total Reserves
75,184.44
66,158.62
54,928.89
48,780.78
41,230.61
33,421.51
32,571.42
30,612.69
31,695.64
27,905.94
Non-Current Liabilities
4,77,029.16
4,31,125.90
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
Secured Loans
54,645.10
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
Unsecured Loans
4,00,172.09
3,53,831.96
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
Long Term Provisions
66.77
57.35
2,733.86
3,187.56
138.37
1,735.40
1,895.45
2,338.82
4,601.42
1,295.54
Current Liabilities
56,227.91
48,431.33
45,678.74
37,710.58
48,528.80
36,901.08
30,705.57
10,710.39
24,990.66
37,914.58
Trade Payables
133.87
97.90
41.68
36.48
61.85
46.15
67.29
63.14
160.39
117.96
Other Current Liabilities
14,597.90
8,346.60
26,428.51
26,350.91
27,189.64
25,191.85
19,491.15
5,131.13
24,524.99
30,477.43
Short Term Borrowings
41,425.40
36,622.98
19,122.74
11,276.71
18,537.49
11,610.51
11,087.08
5,427.93
110.98
6,460.77
Short Term Provisions
70.74
3,363.85
85.81
46.48
2,739.82
52.57
60.05
88.19
194.30
858.42
Total Liabilities
6,11,633.13
5,48,907.47
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
Net Block
627.83
631.50
640.80
628.32
266.85
165.79
165.18
131.75
354.85
254.08
Gross Block
736.89
730.93
723.99
696.53
319.66
218.90
217.32
176.66
446.91
308.55
Accumulated Depreciation
109.06
99.43
83.19
68.21
52.81
53.11
52.14
44.91
92.06
54.47
Non Current Assets
6,05,675.70
5,40,048.88
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
Capital Work in Progress
76.01
23.59
2.72
6.07
336.44
288.39
198.53
128.69
165.59
78.05
Non Current Investment
6,517.64
5,237.04
2,737.82
1,902.16
1,596.59
2,304.75
2,462.77
2,882.95
2,432.57
2,202.14
Long Term Loans & Adv.
398.98
300.96
27,364.52
27,714.22
24,674.29
24,168.57
20,407.84
2,334.35
2,876.68
193.32
Other Non Current Assets
38,966.15
34,663.74
0.00
0.00
0.00
0.00
0.00
4,018.91
345.68
8.92
Current Assets
5,953.55
8,838.39
12,058.17
8,632.40
9,020.28
7,649.39
4,317.92
3,358.19
29,546.26
46,504.57
Current Investments
156.00
115.28
432.18
288.28
384.84
80.84
0.00
64.84
184.36
149.41
Inventories
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
51.18
66.79
Sundry Debtors
235.13
153.82
113.00
94.55
140.07
109.07
137.72
133.76
438.40
231.89
Cash & Bank
2,343.37
2,939.49
2,395.61
2,659.95
3,402.82
3,975.16
2,115.07
2,195.27
4,650.79
1,864.08
Other Current Assets
3,219.05
2,329.88
9,002.59
5,513.77
5,092.55
3,484.32
2,065.13
964.32
24,221.53
44,192.40
Short Term Loans & Adv.
100.99
3,299.92
114.79
75.85
2,758.96
152.53
56.06
25.85
23,061.17
42,609.68
Net Current Assets
-50,274.36
-39,592.94
-33,620.57
-29,078.18
-39,508.52
-29,251.69
-26,387.65
-7,352.20
4,555.60
8,589.99
Total Assets
6,11,629.25
5,48,887.27
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

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Cash From Operating Activity
-39,064.08
-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
PBT
20,117.47
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
Adjustment
-1,168.66
-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
Changes in Working Capital
-53,780.37
-69,652.93
-49,617.20
-14,130.73
-54,373.88
-41,699.39
-42,527.94
-39,124.12
-813.85
-20,933.40
Cash after chg. in Working capital
-34,831.56
-54,450.88
-34,685.44
2,259.60
-40,827.86
-30,680.89
-33,794.89
-30,309.78
9,374.52
-10,744.92
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-4,232.52
-3,271.76
-2,674.33
-3,078.13
-2,684.47
-1,760.68
-2,070.91
-2,200.03
-2,570.00
-2,533.09
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
-1,302.04
-1,830.97
-942.95
-287.44
860.52
-148.91
456.77
45.88
-100.96
-755.70
Net Fixed Assets
-7.92
-28.03
-24.30
-46.50
-154.22
-89.00
-110.12
-79.07
-31.60
-73.46
Net Investments
-1,321.31
-2,182.33
-980.01
-248.19
403.44
84.41
427.18
-128.36
-229.83
-853.15
Others
27.19
379.39
61.36
7.25
611.30
-144.32
139.71
253.31
160.47
170.91
Cash from Financing Activity
40,033.60
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
Net Cash Inflow / Outflow
-332.52
34.21
-179.88
-1,038.25
-538.47
1,335.72
133.56
-4,220.08
2,756.75
1,257.46
Opening Cash & Equivalents
-4.69
-38.90
140.99
1,179.24
1,717.71
381.99
248.43
4,468.51
1,823.59
559.10
Closing Cash & Equivalent
-337.21
-4.69
-38.89
140.99
1,179.24
1,717.71
381.99
248.43
4,580.34
1,816.56

Financial Ratios

Consolidated /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Book Value (Rs.)
295.52
261.25
218.60
192.75
164.08
179.23
174.93
165.01
170.49
146.30
ROA
2.74%
2.79%
2.55%
2.47%
2.24%
1.54%
2.12%
1.95%
3.01%
2.92%
ROE
21.67%
22.39%
20.62%
21.36%
21.32%
14.19%
17.07%
13.40%
20.18%
21.09%
ROCE
9.96%
10.05%
9.14%
9.10%
9.29%
8.67%
9.21%
8.79%
11.23%
11.99%
Fixed Asset Turnover
76.80
65.30
55.58
77.29
132.03
137.32
128.94
72.65
64.05
105.77
Receivable days
1.26
1.02
0.96
1.09
1.28
1.50
1.95
4.61
5.06
2.68
Inventory Days
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.89
1.02
Payable days
0.00
0.00
0.00
0.00
0.00
67.66
79.83
117.84
81.06
57.06
Cash Conversion Cycle
1.26
1.02
0.96
1.09
1.28
-66.15
-77.88
-113.23
-75.12
-53.37
Total Debt/Equity
6.33
6.42
6.55
6.49
7.53
8.09
7.07
6.27
4.99
5.86
Interest Cover
1.59
1.60
1.59
1.56
1.50
1.37
1.52
1.45
1.67
1.57

Annual Reports:

FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017
FY 2016

News Update:


  • REC’s arm incorporates wholly owned subsidiary
    8th Jul 2025, 11:08 AM

    RECPDCL has incorporated two wholly owned subsidiaries -- Umred Power Transmission and Sakoli Power Transmission

    Read More
  • REC’s arm incorporates wholly owned subsidiary
    30th Jun 2025, 16:44 PM

    Jalna Power Transmission has been incorporated for establishment of 400/ 132 kV Jalna

    Read More
  • REC’s arm incorporates wholly owned subsidiary
    27th Jun 2025, 12:50 PM

    The wholly owned subsidiary has been incorporated for transmission system for integration of Ananthapuram-II REZ- Phase-II

    Read More
  • 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

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.