Nifty
:
24219.05
Sensex
:
77369.11
-32.95 (-0.14%)
-171.72 (-0.22%)
Nifty
Sensex
:
:
24219.05
77369.11
-32.95 (-0.14%)
-171.72 (-0.22%)

REC Ltd.

Finance - NBFC

Rating :
56/99

BSE: 532955 | NSE: RECLTD

NSE BSE
327.90
24-Aug-2026
  • Open
  • High
  • Low
  • Previous Close
  •  326.65
  •  328.65
  •  323.55
  •  326.65
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  5668109
  •  1847428545.95
  •  390.5
  •  304.05

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 86,172.26
  • 5.37
  • 10
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 5,99,286.36
  • 5.67%
  • 0.97

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 52.63%
  • 1.12%
  • 11.88%
  • FII
  • DII
  • Others
  • 15.76%
  • 15.45%
  • 3.16%

Chart

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

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 9.43
  • 8.70
  • 7.84

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 9.84
  • 10.60
  • 4.16

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 9.95
  • 10.20
  • 4.86

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 4.79
  • 5.56
  • 6.67

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 0.95
  • 1.12
  • 1.49

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 9.13
  • 8.33
  • 7.04

Earnings Forecasts:

(Updated: 22-08-2026)
Description
2026
2027
2028
2029
Adj EPS
45
3
5.19
63.32
P/E Ratio
7.29
109.30
63.18
5.18
Revenue
5.72
5.28
4.77
22266.6
EBITDA
23964.8
26142.2
28422.9
20836.6
Net Income
22761
24755.5
26185.6
16612.3
ROA
16993.3
18481.7
20385.3
2.58
P/B Ratio
0.00
0.00
0.00
0.97
ROE
1.01
0.9
0.8
19.89
FCFF
18.65
17.93
17.67
-
FCFF Yield
-
-
-
-
Net Debt
-
-
-
-
BVPS
559747
618070
683956
339.58

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Jun 26
Jun 25
Var%
Mar 26
Mar 25
Var%
Dec 25
Dec 24
Var%
Sep 25
Sep 24
Var%
Net Sales
14,434.92
14,816.59
-2.58%
14,563.82
15,333.54
-5.02%
15,017.70
14,271.92
5.23%
15,152.67
13,682.43
10.75%
Expenses
446.90
216.69
106.24%
1,231.22
1,083.58
13.63%
654.56
262.61
149.25%
476.10
97.33
389.16%
EBITDA
13,988.02
14,599.90
-4.19%
13,332.60
14,249.96
-6.44%
14,363.14
14,009.31
2.53%
14,676.57
13,585.10
8.03%
EBIDTM
96.90%
98.54%
91.55%
92.93%
95.64%
98.16%
96.86%
99.29%
Other Income
34.57
7.39
367.79%
19.57
14.83
31.96%
40.90
14.99
172.85%
9.71
23.88
-59.34%
Interest
8,747.50
8,934.18
-2.09%
8,930.74
8,768.41
1.85%
9,242.53
8,837.02
4.59%
9,130.68
8,505.61
7.35%
Depreciation
6.79
6.70
1.34%
6.89
6.49
6.16%
6.80
6.31
7.77%
6.66
5.98
11.37%
PBT
5,268.30
5,666.41
-7.03%
4,414.54
5,489.89
-19.59%
5,136.43
5,180.97
-0.86%
5,548.94
5,097.39
8.86%
Tax
1,075.54
1,200.70
-10.42%
1,039.46
1,179.91
-11.90%
1,083.99
1,104.62
-1.87%
1,134.01
1,059.67
7.02%
PAT
4,192.76
4,465.71
-6.11%
3,375.08
4,309.98
-21.69%
4,052.44
4,076.35
-0.59%
4,414.93
4,037.72
9.34%
PATM
29.05%
30.14%
23.17%
28.11%
26.98%
28.56%
29.14%
29.51%
EPS
15.92
16.96
-6.13%
12.82
16.37
-21.69%
15.39
15.48
-0.58%
16.77
15.33
9.39%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Net Sales
59,169.11
59,584.16
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
Net Sales Growth
1.83%
5.71%
18.65%
20.33%
0.53%
10.45%
18.70%
17.92%
12.13%
-6.38%
 
Cost Of Goods Sold
74.69
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.04
295.88
Gross Profit
59,094.42
59,584.16
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
GP Margin
99.87%
100%
100%
100%
100%
100%
100%
100%
100%
100.00%
98.78%
Total Expenditure
2,808.78
2,570.12
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
Power & Fuel Cost
-
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
2.34
% Of Sales
-
0%
0%
0%
0%
0%
0%
0%
0%
0%
0.01%
Employee Cost
-
271.51
268.13
238.20
204.10
180.84
163.62
193.15
177.37
184.04
192.75
% Of Sales
-
0.46%
0.48%
0.50%
0.52%
0.46%
0.46%
0.64%
0.70%
0.81%
0.80%
Manufacturing Exp.
-
339.62
208.20
202.57
85.11
100.81
124.87
100.75
112.23
154.87
117.94
% Of Sales
-
0.57%
0.37%
0.43%
0.22%
0.26%
0.35%
0.34%
0.44%
0.68%
0.49%
General & Admin Exp.
-
108.73
123.82
105.62
78.53
70.41
62.83
72.68
144.61
72.19
67.91
% Of Sales
-
0.18%
0.22%
0.22%
0.20%
0.18%
0.18%
0.24%
0.57%
0.32%
0.28%
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.
-
1,850.26
1,553.68
455.76
1,489.15
4,472.70
2,939.94
3,632.50
1,254.12
2,980.29
0.00
% Of Sales
-
3.11%
2.76%
0.96%
3.77%
11.39%
8.27%
12.13%
4.94%
13.16%
5.02%
EBITDA
56,360.33
57,014.04
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
EBITDA Margin
95.25%
95.69%
96.18%
97.89%
95.30%
87.71%
90.74%
86.65%
93.35%
85.03%
92.19%
Other Income
104.75
44.19
67.48
1,446.06
41.90
70.15
22.72
77.27
35.31
28.18
167.96
Interest
36,051.45
36,246.57
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
Depreciation
27.14
27.05
24.70
23.99
24.26
18.24
10.86
11.77
8.29
6.93
40.33
PBT
20,368.21
20,784.61
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
Tax
4,333.00
4,458.16
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
Tax Rate
21.27%
21.47%
21.04%
21.24%
19.65%
19.25%
22.27%
29.31%
29.07%
25.34%
29.64%
PAT
16,035.21
16,308.17
15,884.23
14,145.46
11,166.98
10,035.69
8,378.24
4,972.27
5,741.38
4,450.52
6,313.37
PAT before Minority Interest
16,035.21
16,308.17
15,884.23
14,145.46
11,166.98
10,035.69
8,378.24
4,972.27
5,741.38
4,450.52
6,313.37
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
27.10%
27.37%
28.18%
29.78%
28.29%
25.56%
23.57%
16.60%
22.60%
19.65%
26.09%
PAT Growth
-5.06%
2.67%
12.29%
26.67%
11.27%
19.78%
68.50%
-13.40%
29.00%
-29.51%
 
EPS
60.90
61.93
60.32
53.72
42.41
38.11
31.82
18.88
21.80
16.90
23.98

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Shareholder's Funds
85,054.41
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
Share Capital
3,191.62
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
Total Reserves
81,862.79
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
Non-Current Liabilities
5,35,906.43
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
1,98,633.61
1,54,335.65
Secured Loans
54,097.40
54,645.10
55,112.56
51,497.96
40,540.79
35,480.11
39,902.00
49,547.59
63,709.26
49,414.74
Unsecured Loans
4,48,541.89
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
1,35,229.44
1,00,266.15
Long Term Provisions
71.25
66.77
57.35
2,733.86
3,187.56
138.37
1,735.40
1,895.45
2,427.01
4,601.42
Current Liabilities
15,657.57
56,227.91
48,431.33
45,678.74
37,710.58
48,528.72
36,900.40
30,705.49
10,511.87
24,990.66
Trade Payables
179.70
133.87
97.90
41.68
36.48
61.85
46.15
67.29
63.14
160.39
Other Current Liabilities
2,863.34
14,597.90
8,346.60
26,428.51
26,350.91
27,189.56
25,191.17
19,491.07
5,020.80
24,524.99
Short Term Borrowings
12,085.90
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
Short Term Provisions
528.63
70.74
3,363.85
85.81
46.48
2,739.82
52.57
60.05
0.00
194.30
Total Liabilities
6,36,618.41
6,11,633.13
5,48,907.47
4,64,892.57
4,10,818.08
4,01,155.86
3,46,659.71
2,98,003.08
2,41,733.09
2,12,996.87
Net Block
614.52
627.83
631.50
640.80
628.32
266.85
165.79
165.18
131.75
354.85
Gross Block
740.97
736.87
730.93
723.99
696.53
319.66
218.90
217.32
176.66
446.91
Accumulated Depreciation
126.45
109.04
99.43
83.19
68.21
52.81
53.11
52.14
44.91
92.06
Non Current Assets
6,28,745.37
6,05,698.26
5,40,048.88
4,52,829.77
4,02,181.31
3,92,135.66
3,39,011.00
2,93,685.24
2,34,424.47
2,02,879.86
Capital Work in Progress
127.71
76.01
23.59
2.72
6.07
336.44
288.39
198.53
128.69
165.59
Non Current Investment
9,597.16
6,517.64
5,237.04
2,737.82
1,902.16
1,596.58
2,304.74
2,462.76
2,947.78
2,432.57
Long Term Loans & Adv.
269.45
398.98
300.96
27,364.52
27,714.22
24,674.29
24,168.57
20,407.84
2,337.81
2,876.68
Other Non Current Assets
38,892.47
38,988.71
34,663.74
0.00
0.00
0.00
0.00
0.00
0.18
345.68
Current Assets
7,857.50
5,930.99
8,838.39
12,058.17
8,632.40
9,006.23
7,639.86
4,308.36
7,300.94
10,117.01
Current Investments
234.29
156.00
115.28
432.18
288.28
384.84
80.84
0.00
0.00
184.36
Inventories
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
51.18
Sundry Debtors
293.21
235.13
153.82
113.00
94.55
140.07
109.07
137.72
133.76
438.40
Cash & Bank
1,611.09
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
Other Current Assets
5,718.91
3,188.40
2,329.88
9,002.59
5,589.62
5,078.50
3,474.79
2,055.57
4,971.91
4,792.28
Short Term Loans & Adv.
10.70
8.09
3,299.92
114.79
75.85
2,758.96
152.53
56.06
38.24
3,631.92
Net Current Assets
-7,800.07
-50,296.92
-39,592.94
-33,620.57
-29,078.18
-39,522.49
-29,260.54
-26,397.13
-3,210.93
-14,873.65
Total Assets
6,36,602.87
6,11,629.25
5,48,887.27
4,64,887.94
4,10,813.71
4,01,141.89
3,46,650.86
2,97,993.60
2,41,725.41
2,12,996.87

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Cash From Operating Activity
5,971.57
-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
PBT
20,766.33
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
Adjustment
-515.98
-1,165.81
-2,757.89
1,034.09
3,959.80
2,766.43
3,988.52
642.61
2,856.82
1,216.01
Changes in Working Capital
-10,663.10
-53,783.20
-69,652.93
-49,617.20
-14,130.73
-54,373.88
-41,699.39
-42,527.94
-39,124.12
-813.85
Cash after chg. in Working capital
9,587.25
-34,831.54
-54,450.88
-34,685.44
2,259.60
-40,827.86
-30,680.89
-33,794.89
-30,309.78
9,374.52
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-3,615.68
-4,232.54
-3,271.76
-2,674.33
-3,078.13
-2,684.47
-1,760.68
-2,070.91
-2,200.03
-2,570.00
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
-3,307.66
-1,302.04
-1,830.97
-942.95
-287.44
860.52
-148.91
456.77
45.88
-100.96
Net Fixed Assets
-54.73
-7.92
-28.03
-24.30
-46.50
-154.22
-89.00
-110.12
-79.07
-31.60
Net Investments
-3,157.81
-1,321.31
-2,182.33
-980.01
-248.20
403.44
84.41
427.18
-128.35
-229.83
Others
-95.12
27.19
379.39
61.36
7.26
611.30
-144.32
139.71
253.30
160.47
Cash from Financing Activity
-2,375.02
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
Net Cash Inflow / Outflow
288.89
-332.52
34.21
-179.88
-1,038.25
-538.47
1,335.72
133.56
-4,220.08
2,756.75
Opening Cash & Equivalents
-337.21
-4.69
-38.90
140.99
1,179.24
1,717.71
381.99
248.43
4,468.51
1,823.59
Closing Cash & Equivalent
-48.32
-337.21
-4.69
-38.89
140.99
1,179.24
1,717.71
381.99
248.43
4,580.34

Financial Ratios

Consolidated /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Book Value (Rs.)
320.88
295.52
261.25
218.60
192.75
164.08
179.23
174.93
165.01
170.49
ROA
2.61%
2.74%
2.79%
2.55%
2.47%
2.24%
1.54%
2.12%
1.95%
3.01%
ROE
20.09%
21.67%
22.39%
20.62%
21.36%
21.32%
14.19%
17.07%
13.40%
20.18%
ROCE
9.71%
9.96%
10.05%
9.14%
9.10%
9.29%
8.67%
9.21%
8.79%
11.23%
Fixed Asset Turnover
80.64
76.80
65.30
55.58
77.29
132.03
137.32
128.94
72.65
64.05
Receivable days
1.62
1.26
1.02
0.96
1.09
1.28
1.50
1.95
4.61
5.06
Inventory Days
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.89
Payable days
0.00
0.00
0.00
0.00
0.00
0.00
67.66
79.83
117.84
81.06
Cash Conversion Cycle
1.62
1.26
1.02
0.96
1.09
1.28
-66.15
-77.88
-113.23
-75.12
Total Debt/Equity
6.05
6.33
6.42
6.55
6.49
7.53
8.09
7.07
6.27
4.99
Interest Cover
1.57
1.59
1.60
1.59
1.56
1.50
1.37
1.52
1.45
1.67

Annual Reports:

FY 2026
FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017

News Update:


  • REC - Quarterly Results
    25th Jul 2026, 00:00 AM

    Read More
  • REC’s arm incorporates wholly owned subsidiary
    22nd Jul 2026, 10:30 AM

    Dharashiv Power Transmission has been incorporated for establishment of 400 kV GIS Solapur/Paranda Switching Station (Dist. - Dharashiv)

    Read More
  • REC’s arm incorporates wholly owned subsidiaries
    20th Jul 2026, 11:57 AM

    Beed Parli Power Transmission has been incorporated on July 17, 2026 for establishment of 765 kV AIS Parli (District - Beed)

    Read More
  • REC’s arm incorporates wholly owned subsidiary
    13th Jul 2026, 10:59 AM

    Nawada Durgapur Power Transmission has been incorporated for ERES-47: Nawada - Durgapur - Jeerat (New) 76SkV corridor

    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.