REC Ltd
Market cap ₹77,404 Cr
- P/E
- 4.84
- Day range
- ₹290.65 – ₹302.00
- 52-week range
- ₹286.20 – ₹388.30
- Volume
- 31.58 L
- Open
- ₹301.00
- Prev close
- ₹301.10
Latest results · Q1 FY27(consolidated)Revenue ₹14,435 Cr-2.1%Profit ₹4,193 Cr-6.1%Margin 29.0%YoY vs the same quarter last year
No red flags in exchange filings: no rising pledge, promoter selling, surveillance or critical filing on record.
RECLTD in NSE indices and F&O
F&O margin for one lot of RECLTD (1,575 shares)Research profile
Composite 54 / 100Factor percentiles
Derived metrics
- Earn. yield
- 20.7%
- Graham no.
- ₹663.68
- vs Graham
- +125.8%
- ROE ÷ P/B
- 21.9%
- 12-1 mom.
- -17.1%
- Return / vol
- -0.75
- Magic Formula
- #230
- FCF yield
- 7.6%
Appears in 12 scans
Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.
Peer comparison
All 12 in Defence| Company | M-cap | P/E | P/B | ROE | ROCE | OPM | D/E | Sales YoY |
|---|---|---|---|---|---|---|---|---|
| Hindustan AeronauticsHAL | ₹3.16 L Cr | 33.90 | 7.94 | 24.0% | 32.0% | 28.0% | 0.00 | +14.4% |
| Bharat ElectronicsBEL | ₹2.65 L Cr | 43.10 | 11.10 | 27.6% | 36.0% | 25.0% | 0.00 | +24.9% |
| Bharat Heavy ElectricalsBHEL | ₹1.35 L Cr | 55.44 | 5.20 | 6.3% | 9.0% | 11.0% | 0.22 | +23.8% |
| Power Finance CorpPFC | ₹1.04 L Cr | 4.00 | 0.73 | 26.8% | 9.7% | — | 7.62 | -0.0% |
| Indian Railway FinanceIRFC | ₹97,295 Cr | 13.20 | 1.60 | 12.8% | 5.6% | — | 7.12 | +23.4% |
| REC LtdRECLTD | ₹77,404 Cr | 4.84 | 0.92 | 20.1% | 9.7% | — | 6.10 | -2.0% |
| Mazagon Dock ShipbuildersMAZDOCK | ₹75,029 Cr | 26.25 | 7.69 | 29.1% | 36.0% | 15.0% | 0.05 | +12.1% |
| Rail Vikas NigamRVNL | ₹37,804 Cr | 42.36 | 3.84 | 9.0% | 11.0% | 4.3% | 0.49 | +10.5% |
| Sector median | ₹76,217 Cr | 30.08 | 4.52 | 12.7% | 12.0% | 15.0% | 0.25 | +11.3% |
Sector as classified in the tracked universe; medians use every tracked Defence company, and P/E only profitable ones. Tinted figures beat the median.
Latest news
Updated 7d agoHeadlines about REC Ltd from the last two weeks in the financial press. Stories belong to their publishers; Parasram India does not endorse them.
Key metrics
- P/E (TTM)
- 4.8
- EPS (TTM)
- ₹60.89
- Price / Book
- 0.92
- ROE (FY26)
- 20.1%
- Dividend yield
- 6.31%
Moving averages (NSE)
- 20-day
- ₹301.52
- Price below
- 50-day
- ₹313.52
- Price below
- 200-day
- ₹343.99
- Price below
Charts & trends
From company filings. Amounts in ₹ crore.
Revenue, profit & margin - quarterly
₹ crore; a loss shows red. Operating margin below, same periods.
- Revenue
- Net profit
Operating margin
Who owns the company
% of equity by quarter, latest Sept 2026
- Promoter
- FII
- DII
- Public
- Government
Cash flows
Where cash came from and went, by fiscal year (₹ crore)
- Operating
- Investing
- Financing
- Free cash flow
Return on equity
Net profit over shareholders' equity, by fiscal year
Equity vs debt
Shareholders' equity against borrowings (₹ crore); the ratio below, same years.
- Equity
- Debt
Debt to equity
Dividends per share
₹ by fiscal year of the ex-date; the latest year runs to date. Not adjusted for the bonus of 17 Aug 2022: earlier bars are per pre-bonus share.
Financial statements
| Line item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 11,688 | 12,052 | 12,677 | 13,079 | 13,682 | 14,272 | 15,334 | 14,737 | 15,153 | 15,051 | 14,564 | 14,435 |
| Interest | 7,350 | 7,654 | 7,896 | 8,020 | 8,506 | 8,837 | 8,768 | 8,934 | 9,131 | 9,243 | 8,931 | 8,748 |
| Expenses | -492 | 240 | -425 | 717 | 97 | 263 | 1,084 | 217 | 476 | 655 | 1,231 | 447 |
| Financing Profit | 4,831 | 4,158 | 5,206 | 4,341 | 5,079 | 5,172 | 5,482 | 5,587 | 5,546 | 5,154 | 4,402 | 5,241 |
| Financing Margin % | 41% | 34% | 41% | 33% | 37% | 36% | 36% | 38% | 37% | 34% | 30% | 36% |
| Other Income | 13 | 20 | 29 | 14 | 24 | 15 | 15 | 87 | 10 | -11 | 20 | 35 |
| Depreciation | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 7 | 7 | 7 | 7 | 7 |
| Profit before tax | 4,838 | 4,172 | 5,229 | 4,349 | 5,097 | 5,181 | 5,490 | 5,666 | 5,549 | 5,136 | 4,415 | 5,268 |
| Tax % | 22% | 21% | 22% | 20% | 21% | 21% | 21% | 21% | 20% | 21% | 24% | 20% |
| Net Profit | 3,790 | 3,308 | 4,079 | 3,460 | 4,038 | 4,076 | 4,310 | 4,466 | 4,415 | 4,052 | 3,375 | 4,193 |
| 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 24 Oct 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 0.92 times its book value
- Stock is providing a good dividend yield of 6.31%.
- 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
- +11%
- 5 Years
- +21%
- 3 Years
- +2%
- 1 Year
- -21%
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
| Holder | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 | Change |
|---|---|---|---|---|---|
| Promoter | 52.63% | 52.63% | 52.63% | 52.63% | 0.00 pp |
| FII | 16.46% | 15.79% | 15.76% | 16.78% | +1.02 pp |
| DII | 16.21% | 16.36% | 16.98% | 16.55% | -0.43 pp |
| Government | 0.05% | 0.05% | 0.05% | 0.05% | 0.00 pp |
| Public | 14.64% | 15.17% | 14.57% | 13.97% | -0.60 pp |
Filed with NSE for Sept 2026: promoters 52.63%, public 47.37% · XBRL filing
Analysts & fund holdings
Who holds the shares, quarter by quarter
Mutual funds 6.18% (-2.33 pp)- Promoters52.6%
- Foreign institutions16.8%
- Mutual funds6.2%
- Insurance9.0%
- Other domestic institutions1.4%
- Retail9.6%
- Others4.4%
| Fund | % of company | % of fund | 3-month change |
|---|---|---|---|
| Nippon India Growth Mid Cap Fund | 1.31% | 2.12% | +0.13 pp |
| Bandhan Small Cap Fund | 0.94% | 2.13% | -1.06 pp |
| Kotak Mid Cap Fund | 0.80% | 0.98% | -0.09 pp |
| HDFC Balanced Advantage Fund | 0.63% | 0.50% | -0.09 pp |
| Nippon India Small Cap Fund | 0.42% | 0.43% | -0.11 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.
Risk & trend
From 275 daily sessions to 23 Oct 2026.
Risk
- Volatility (1Y)
- 27.7%
- Downside volatility
- 28.9%
- Worst 5% of days
- 3.4%
- Average of that tail
- 4.0%
- Max drawdown (1Y)
- 25.6%
- Below its peak
- 24.0%
Against the market
- Beta vs Nifty 50
- 1.19
- Correlation
- 0.57
- Relative strength (3M)
- -12.7%
- ATR (14)
- 2.6%
Return
- Return 1M
- -4.3%
- Return 3M
- -18.0%
- Return 6M
- -23.3%
- Return 1Y
- -20.6%
- vs 200-day average
- -14.5%
Momentum
- RSI (14)
- 38.6
- MACD histogram
- 0.62
- Stochastic %K
- 24.1
- ADX (14)
- 34.1
- +DI / −DI
- 14.4 / 28.3
- Money flow index
- 69.3
Participation
- Delivery (20d avg)
- 55.8%
- vs its 60-day baseline
- -0.1 pts
- Volume vs 20-day
- -0.6σ
- Close vs day's VWAP
- +0.1%
- 52-week position
- 6 / 100
These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.
Financial quality
From consolidated statements to 31 Mar 2026.
No F-Score: it needs two reporting periods a year apart that carry both an income statement and a balance sheet, and this company's filings do not yet line up that way. The ratios below need only the one period and are unaffected.
- Free cash flow
- ₹5,902 Cr
- FCF yield
- 7.6%
- Cash conversion
- 0.37
- Accruals ratio
- 0.016
- Net debt
- ₹5.14 L Cr
- Net debt / equity
- 6.04
- EV / sales
- 10.00
- Capex intensity
- 0.1%
- Revenue CAGR
- 1.6%
- Profit CAGR
- -14.1%
Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.
Corporate actions
- dividend₹1.55
Dividend - Rs 1.55 Per Share
14 Aug 2026ex-date - dividend₹4.25
Interim Dividend - Rs 4.25 Per Share
31 Jul 2026ex-date - dividend₹3.20
Interim Dividend - Rs 3.20 Per Share
20 Mar 2026ex-date - dividend₹4.60
Interim Dividend - Rs 4.60 Per Share
6 Feb 2026ex-date - dividend₹4.60
Interim Dividend - Rs 4.60 Per Share
27 Oct 2025ex-date - dividend₹2.60
Dividend - Rs 2.60 Per Share
14 Aug 2025ex-date - dividend₹4.60
Interim Dividend - Rs 4.60 Per Share
1 Aug 2025ex-date - dividend₹3.60
Interim Dividend - Rs 3.60 Per Share
26 Mar 2025ex-date - dividend₹4.30
Interim Dividend - Rs 4.30 Per Share
14 Feb 2025ex-date - dividend₹4.00
Interim Dividend - Rs 4 Per Share
8 Nov 2024ex-date - dividend₹3.50
Interim Dividend - Rs 3.50 Per Share
9 Aug 2024ex-date - dividend₹5.00
Dividend - Rs 5 Per Share
28 Jun 2024ex-date - dividend₹4.50
Interim Dividend - Rs 4.50 Per Share
28 Mar 2024ex-date - dividend₹3.50
Interim Dividend - Rs 3.50 Per Share
13 Nov 2023ex-date - dividend₹3.00
Interim Dividend - Rs 3 Per Share
14 Aug 2023ex-date - dividend₹4.35
Dividend - Rs 4.35 Per Share
14 Jul 2023ex-date - dividend₹3.25
Interim Dividend - Rs 3.25 Per Share
9 Feb 2023ex-date - dividend₹5.00
Interim Dividend - Rs 5 Per Share
7 Nov 2022ex-date - bonusNot available — not reported in this filing
Bonus 1:3
17 Aug 2022ex-date - dividend₹4.80
Dividend - Rs 4.80 Per Share
12 Jul 2022ex-date - dividend₹6.00
Interim Dividend - Rs 6 Per Share
15 Feb 2022ex-date
Company announcements
Intimation of sale and transfer of project specific SPV/Subsidiary.
Intimation of reciept of No Objection Certificate from the Reserve Bank of India in relation to proposed scheme of merger.
Intimation of sale and transfer of project specific SPVs/Subsidiaries.
Certificate under Regulation 74 (5) of the SEBI (Depository and Particiapnts) Regulations, 2018.
Intimation of incorporation of subsidiary companies.
Intimation for closure of Trading Window.
Board commnets on fine levied by the Exchanges.
Intimation of sale and transfer of project specific SPV/Subsidiary.
Intimation of sale and transfer of project specific SPV/ Subsidiary.
Intimation of sale and transfer of project specific SPVs/Subsidiaries.
Intimation regarding completion of tenure of Independent Directors of REC Limited.
Intimation regarding change in Senior Management.
Intimation of sale and transfer of project specific SPV/ Subsidiary.
Intimation regarding appointment of Statutory Auditors of REC Limited.
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
Filed with BSE (scrip 532955); the last 45 days. Documents open at bseindia.com.
Documents
Annual reports
Earnings calls
- Jul 2026Slides
- Apr 2026Slides
- Jan 2026Slides
- Nov 2025TranscriptSlidesRecording
- Aug 2025TranscriptSlidesRecording
- May 2025TranscriptSlidesRecording
Credit ratings
- Rating update · 7 Oct from care
- Rating update · 7 Oct from crisil
- Rating update · 18 Sep from fitch
- Rating update · 6 Jul from crisil
- Rating update · 30 Mar from fitch
- Rating update · 30 Mar from care
Documents open at BSE or the rating agency that issued them.
Sourced from the company's NSE XBRL filing dated 25 Jul 2026 (unaudited). View the source filing. Figures are as filed and are not investment advice.
REC Ltd: common questions
Answered from the figures on this page.
