REC Ltd

    RECLTD
    Defence
    ₹312.70
    price as of 11/9/2026, 5:28:04 pm

    Market cap ₹82,341 Cr

    P/E
    5.14
    Day range
    ₹311.25 – ₹315.05
    52-week range
    ₹304.05 – ₹390.50
    Volume
    45.10 L
    Open
    ₹312.00
    Prev close
    ₹313.80
    Promoters pledged 4.2% of their shares
    52-week range, adjusted for splits and bonuses
    ₹304.05₹390.5
    30 Mar 202618 Sept 2025
    Index membership & F&O
    NIFTY NEXT 50NIFTY 100NIFTY 200NIFTY 500NIFTY FINANCIAL SERVICESF&O lot 1,575

    Price history

    6M change -6.11%RSI (14) 32.8 NeutralSMA 20 · 50 overlaid

    Price & delivery on the exchange

    NSE bhavcopy to 11 Sept 2026 · delivery 55.0% today vs 52.0% average · BSE close ₹312.9

    1 Apr23 Apr15 May5 Jun24 Jun15 Jul3 Aug21 Aug11 Sept₹300₹325₹350₹375₹4000%25%50%75%100%
    • Delivery
    • NSE close
    • BSE close

    High delivery with a rising price suggests buyers holding rather than trading the move.

    Futures & options

    NSE F&O close, 11 Sept 2026 · options expiring 29 Sept 2026

    Short covering
    Near-month future
    ₹314.45
    Change
    +0.27%
    Basis over spot
    +₹1.74
    Futures OI (shares)
    5.12 Cr
    OI change
    -1.99%
    Put-call ratio
    0.70
    Max pain
    ₹330
    Resistance (call OI)
    ₹330
    Support (put OI)
    ₹330
    Lot size
    1,575

    Open interest by strike

    Calls open above (resistance) and puts below (support), in shares

    260280290300310320330340350360370380390405420015.0 L30.0 L45.0 L60.0 Lspot
    • Call OI
    • Put OI

    Futures open interest and price

    Near-month future, day by day since collection began

    The daily history builds from each close.

    Key metrics

    P/E (TTM)
    5.1
    EPS (TTM)
    ₹60.89
    ROE (FY26)
    20.1%
    Dividend yield
    5.81%

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Revenue 3Y CAGR
    +14.7%
    Profit 3Y CAGR
    +13.5%
    Revenue YoY (Jun 2026)
    -2.0%
    Profit YoY (Jun 2026)
    -6.1%
    Net margin
    29.0%

    Revenue, profit & margin - quarterly

    Bars in ₹ crore (a loss shows red); line is operating margin

    Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Jun 20260 Cr4.0K Cr8.0K Cr12.0K Cr16.0K Cr
    • Revenue
    • Net profit
    • Operating margin

    Who owns the company

    Shareholding as of Jun 2026

    • Promoter
    • DII
    • FII
    • Public
    • Government

    Cash flows

    Where cash came from and went, by fiscal year (₹ crore)

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-60.0KCr-30.0KCr0 Cr30.0K Cr60.0K Cr
    • Operating
    • Investing
    • Financing
    • Free cash flow

    Return on equity

    Net profit over shareholders' equity, by fiscal year

    FY17FY18FY19FY20FY21FY22FY23FY24FY25FY260%6%12%18%24%15%

    Equity vs debt

    Shareholders' equity against borrowings (₹ crore); line is debt-to-equity

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260 Cr1.5L Cr3.0L Cr4.5L Cr6.0L Cr0.0x3.0x6.0x9.0x12.0x
    • Equity
    • Debt
    • Debt / equity

    Financial statements

    ₹ Crore
    Quarterly results, oldest period first, figures in rupees crore
    Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
    Revenue11,68812,05212,67713,07913,68214,27215,33414,73715,15315,05114,56414,435
    Interest7,3507,6547,8968,0208,5068,8378,7688,9349,1319,2438,9318,748
    Expenses-492240-425717972631,0842174766551,231447
    Financing Profit4,8314,1585,2064,3415,0795,1725,4825,5875,5465,1544,4025,241
    Financing Margin %41%34%41%33%37%36%36%38%37%34%30%36%
    Other Income132029142415158710-112035
    Depreciation666666677777
    Profit before tax4,8384,1725,2294,3495,0975,1815,4905,6665,5495,1364,4155,268
    Tax %22%21%22%20%21%21%21%21%20%21%24%20%
    Net Profit3,7903,3084,0793,4604,0384,0764,3104,4664,4154,0523,3754,193
    EPS in Rs₹14.39₹12.56₹15.49₹13.14₹15.33₹15.48₹16.37₹16.96₹16.77₹15.39₹12.82₹15.92

    From company filings, updated 11 Sept 2026. Consolidated figures where the company reports them.Information only, not investment advice.

    Strengths, risks & growth

    REC is a Central Public Sector Undertaking under the Ministry of Power involved in financing projects in the complete power sector value chain from generation to distribution. [1]

    Strengths

    • Stock is trading at 0.97 times its book value
    • Stock is providing a good dividend yield of 5.93%.
    • Company has been maintaining a healthy dividend payout of 29.9%

    Risks

    • Company has low interest coverage ratio.
    • The company has delivered a poor sales growth of 10.9% over past five years.
    • Company might be capitalizing the interest cost

    Compounded Sales Growth

    10 Years
    +9%
    5 Years
    +11%
    3 Years
    +15%
    TTM
    +2%

    Compounded Profit Growth

    10 Years
    +11%
    5 Years
    +14%
    3 Years
    +14%
    TTM
    -5%

    Stock Price CAGR

    10 Years
    +14%
    5 Years
    +22%
    3 Years
    +8%
    1 Year
    -17%

    Return on Equity

    10 Years
    +20%
    5 Years
    +21%
    3 Years
    +21%
    Last Year
    +20%

    Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.

    Shareholding pattern

    Percentage of shares held by each category at each quarter end
    HolderSept 2025Dec 2025Mar 2026Jun 2026Change
    Promoter52.63%52.63%52.63%52.63%0.00 pp
    FII17.97%16.46%15.79%15.76%-0.03 pp
    DII15.86%16.21%16.36%16.98%+0.62 pp
    Government0.05%0.05%0.05%0.05%0.00 pp
    Public13.48%14.64%15.17%14.57%-0.60 pp

    Filed with NSE for Jun 2026: promoters 52.63%, public 47.37% · XBRL filing

    Analysts & fund holdings

    77%
    77% recommend buy
    13 analysts cover the stock
    Valuation vs Diversified Financial Services
    P/E5.1 vs 16.6
    Sector P/B2.14
    Beta1.49

    Who holds the shares, quarter by quarter

    Mutual funds 8.51% (-0.51 pp)
    Mar 25
    Jun 25
    Sept 25
    Dec 25
    Mar 26
    Jun 26
    • Promoters52.6%
    • Foreign institutions15.8%
    • Mutual funds8.5%
    • Insurance6.9%
    • Other domestic institutions1.6%
    • Retail9.8%
    • Others4.8%
    Mutual funds holding the most
    Fund% of company% of fund3-month change
    Nippon India Growth Mid Cap Fund1.34%2.20%+0.21 pp
    Bandhan Small Cap Fund1.20%3.03%-0.46 pp
    Kotak Mid Cap Fund0.94%1.17%+0.44 pp
    HDFC Balanced Advantage Fund0.64%0.51%-0.07 pp
    Nippon India Small Cap Fund0.43%0.45%-0.08 pp

    Scorecard

    Performance
    Avg
    Valuation
    Low
    Growth
    Low
    Profitability
    High
    Entry point
    Good
    Red flags
    Low

    Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.

    Corporate actions

    • dividend
      ₹1.55

      Dividend - Rs 1.55 Per Share

      14 Aug 2026
      ex-date
    • dividend
      ₹4.25

      Interim Dividend - Rs 4.25 Per Share

      31 Jul 2026
      ex-date
    • dividend
      ₹3.20

      Interim Dividend - Rs 3.20 Per Share

      20 Mar 2026
      ex-date
    • dividend
      ₹4.60

      Interim Dividend - Rs 4.60 Per Share

      6 Feb 2026
      ex-date
    • dividend
      ₹4.60

      Interim Dividend - Rs 4.60 Per Share

      27 Oct 2025
      ex-date
    • dividend
      ₹2.60

      Dividend - Rs 2.60 Per Share

      14 Aug 2025
      ex-date
    • dividend
      ₹4.60

      Interim Dividend - Rs 4.60 Per Share

      1 Aug 2025
      ex-date
    • dividend
      ₹3.60

      Interim Dividend - Rs 3.60 Per Share

      26 Mar 2025
      ex-date
    • dividend
      ₹4.30

      Interim Dividend - Rs 4.30 Per Share

      14 Feb 2025
      ex-date
    • dividend
      ₹4.00

      Interim Dividend - Rs 4 Per Share

      8 Nov 2024
      ex-date
    • dividend
      ₹3.50

      Interim Dividend - Rs 3.50 Per Share

      9 Aug 2024
      ex-date
    • dividend
      ₹5.00

      Dividend - Rs 5 Per Share

      28 Jun 2024
      ex-date
    • dividend
      ₹4.50

      Interim Dividend - Rs 4.50 Per Share

      28 Mar 2024
      ex-date
    • dividend
      ₹3.50

      Interim Dividend - Rs 3.50 Per Share

      13 Nov 2023
      ex-date
    • dividend
      ₹3.00

      Interim Dividend - Rs 3 Per Share

      14 Aug 2023
      ex-date
    • dividend
      ₹4.35

      Dividend - Rs 4.35 Per Share

      14 Jul 2023
      ex-date
    • dividend
      ₹3.25

      Interim Dividend - Rs 3.25 Per Share

      9 Feb 2023
      ex-date
    • dividend
      ₹5.00

      Interim Dividend - Rs 5 Per Share

      7 Nov 2022
      ex-date
    • bonus
      Not available — not reported in this filing

      Bonus 1:3

      17 Aug 2022
      ex-date
    • dividend
      ₹4.80

      Dividend - Rs 4.80 Per Share

      12 Jul 2022
      ex-date
    • dividend
      ₹6.00

      Interim Dividend - Rs 6 Per Share

      15 Feb 2022
      ex-date

    Bulk & block deals

    Bought 22.0 L · sold 22.0 L shares
    Large deals reported to NSE in this stock
    DateClientTypeQuantityPrice
    16 Sept 2025GOLDMAN SACHS (SINGAPORE) PTE - ODIBlock sell9,85,874₹378.45
    16 Sept 2025GOLDMAN SACHS BANK EUROPE SE - ODIBlock buy9,85,874₹378.45
    15 Sept 2025GOLDMAN SACHS (SINGAPORE) PTE - ODIBlock sell12,10,464₹373.3
    15 Sept 2025GOLDMAN SACHS BANK EUROPE SE - ODIBlock buy12,10,464₹373.3

    Deals of more than 0.5% of shares (bulk), large single trades (block) and short sales, as NSE reports them.

    Company announcements

    Company Update
    Announcement under Regulation 30 (LODR)-Change in Management

    Intimation regarding change in Senior Management.

    Company Update
    Intimation Of Sale And Transfer Of Project Specific SPV/Subsidiary.

    Intimation of sale and transfer of project specific SPV/ Subsidiary.

    Company Update
    Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s

    Intimation regarding appointment of Statutory Auditors of REC Limited.

    Insider Trading / SAST
    Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011

    The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Life Insurance Corporation of India

    Company Update
    Press Release - REC Limited Successfully Issued India'S First Pilot Issue On Tokenized Corporate Bonds Under SEBI Regulatory Sandbox Framework.

    Press Release

    Company UpdatePrice-sensitive
    Announcement under Regulation 30 (LODR)-Credit Rating

    Intimation of revision in Credit Rating and its Outlook.

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Scrutinizer's Report

    Declaration of Voting Results of 57th AGM of REC Limited.

    Company Update
    Intimation Regarding Imposition Of Fines By Stock Exchanges.

    Intimation regarding imposition of fines by Stock Exchanges.

    AGM/EGMPrice-sensitive
    Proceedings Of 57Th Annual General Meeting Of REC Limited Held On Tuesday, August 25, 2026.

    Proceedings of 57th AGM of REC Limited.

    Company Update
    Intimation Of Incorporation Of Subsidiary Companies.

    Intimation of incorporation of subsidiary companies.

    Company Update
    Intimation Of Sale And Transfer Of Project Specific SPV/Subsidiary.

    Intimation of sale and transfer of project specific SPV/Subsidiary.

    Company Update
    Intimation Of Sale And Transfer Of Project Specific SPV /Subsidiary.

    Intimation of sale and transfer of project specific SPV/ Subsidiary.

    Company Update
    Announcement under Regulation 30 (LODR)-Change in Management

    Intimation regarding change in Senior Management.

    Company Update
    Intimation Regarding Change In Internal Auditor.

    Intimation regarding change in Internal Auditor.

    Company Update
    Announcement under Regulation 30 (LODR)-Newspaper Publication

    Newspaper Publication in respect of Notice of 57th Annual General Meeting & e-voting information.

    Filed with BSE (scrip 532955); the last 45 days. Documents open at bseindia.com.

    Documents

    Annual reports

    Earnings calls

    Credit ratings

    Documents open at BSE or the rating agency that issued them.

    Sourced from the company's NSE XBRL filing dated 6 Feb 2025 (unaudited). View the source filing. Figures are as filed and are not investment advice.