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REC Limited

REC Limited

NSE: RECLTD
Credit ServicesFinancial ServicesLARGE CAPMCap ₹81.05k Cr
₹307.80₹-1.95 (-0.63%)

Market Closed • NSE

Market cap₹81.05k Cr
Enterprise value₹576.68k Cr
P/E TTM5.07
Forward P/E4.62
P/B0.96
EPS TTM₹60.77
Forward EPS₹66.56
ROCE9.71%
D/E6.07
Dividend yield0.04%
Face value₹10.00
52W high₹388.30
52W low₹286.20
Price chart(1Y)
1Y Return:-11.56% (₹40.25)
H: ₹378.7L: ₹286.2
1W+2.26%
1M-0.87%
3M-14.98%
6M-18.24%
1Y-17.91%
Today at a glance

Day range

₹306.45₹312.20

52 week range

₹286.20₹388.30
Volume5.34M0.66x 20D avg
Free float50.00%-33.60% volume

REC Limited closed at INR307.80 (-0.63%) on volume 0.66x its 20-day average, trading 20.73% below its 52-week high.

Technical analysis
RSI (14)49.8Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹7.17Moderate
SMA 20₹303.57BULLISH
SMA 50₹316.88BEARISH
SMA 100₹336.74BEARISH
SMA 200₹344.91BEARISH
CPR bottom₹310.88
Pivot₹310.50
CPR top₹310.13
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved +24.2% QoQ

2026-08-14

DIVIDEND Announced

Dividend - Rs 1.55 Per Share

2026-07-31

DIVIDEND Announced

Interim Dividend - Rs 4.25 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
FAIL2/4 criteria
Non-Compliant (Business Activity)
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹514.73k Cr₹81.05k Cr635.07%≤ 33%FAIL
Non-halal income ratio₹57.86k Cr₹21.84k Cr264.95%≤ 5%FAIL
Illiquid assets ratio₹638.55k Cr₹640.16k Cr99.75%≥ 20%PASS
Receivables ratio–₹640.16k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E5.0716.50
Forward P/E4.62—
P/B0.961.60
EV/EBITDA—18.00
PEG—0.50
Earnings yield19.706.10
Growth & profitability
RevenuePAT
FY24PAT margin 82.00%
FY25PAT margin 72.50%
FY26PAT margin 74.70%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y—
Revenue CAGR 5Y+4.80%
PAT CAGR 3Y+0.90%
PAT CAGR 5Y+2.90%
Operating margin96.85%
Net margin68.89%
Financial health & cash flow
Net debt₹513.11k CrModerate
Interest coverage0.00xEBIT / interest
CFO / PAT-0.56x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹5.97k Cr
Capital expenditure–
Free cash flow₹5.90k Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall53/100
Valuation75/100
Profitability65/100
Financial health20/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Attractive Valuation: P/E of 5.1x trades below sector historical averages

Risks

Elevated Leverage Burden: Debt-to-Equity stands at 6.07x

Bull case

Market Leadership: Established operational scale in Credit Services.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

60%40%20%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
32.15%Institutional holding
15.17%Public holding
5Periods available
0.00%Promoter pledged
12.09LShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
14 Aug 2026Dividend₹1.55 / share—14 Aug 2026
31 Jul 2026Dividend₹4.25 / share—31 Jul 2026
20 Mar 2026Dividend₹3.20 / share—20 Mar 2026
06 Feb 2026Dividend₹4.60 / share—06 Feb 2026
27 Oct 2025Dividend₹4.60 / share—27 Oct 2025
14 Aug 2025Dividend₹2.60 / share—14 Aug 2025
01 Aug 2025Dividend₹4.60 / share—01 Aug 2025
26 Mar 2025Dividend₹3.60 / share—26 Mar 2025
14 Feb 2025Dividend₹4.30 / share—14 Feb 2025
08 Nov 2024Dividend₹4.00 / share—08 Nov 2024
09 Aug 2024Dividend₹3.50 / share—09 Aug 2024
28 Jun 2024Dividend₹5.00 / share—28 Jun 2024
28 Mar 2024Dividend₹4.50 / share—28 Mar 2024
13 Nov 2023Dividend₹3.50 / share—13 Nov 2023
14 Aug 2023Dividend₹3.00 / share—14 Aug 2023
14 Jul 2023Dividend₹4.35 / share—14 Jul 2023
09 Feb 2023Dividend₹3.25 / share—09 Feb 2023
09 Nov 2022Dividend₹5.00 / share—07 Nov 2022
18 Aug 2022Bonus issue1:3 bonus ratio—17 Aug 2022
13 Jul 2022Dividend₹4.80 / share—12 Jul 2022
16 Feb 2022Dividend₹6.00 / share—15 Feb 2022
12 Nov 2021Dividend₹2.50 / share—11 Nov 2021
17 Sept 2021Dividend₹1.71 / share—16 Sept 2021
17 Aug 2021Dividend₹2.00 / share—13 Aug 2021
19 Mar 2021Dividend₹5.00 / share—18 Mar 2021
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)58.36%-0.01% latest vs average
Highest delivery75.59%on 29 Sept
Average volume (20D)8.04MTrading-session average
Conviction trendWeakening-0.01% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
HDFC Bank Limited
HDFC Bank LimitedHDFCBANK
Open analysis
₹11.24L15.931.79%₹46,355.55₹19,059.72-45.69%+17.23%
ICICI Bank Limited
ICICI Bank LimitedICICIBANK
Open analysis
₹10.03L18.060.86%₹32,960.41₹16,276.00-35.98%+12.59%
State Bank of India
State Bank of IndiaSBIN
Open analysis
₹8.89L10.321.81%₹62,915.13₹25,121.00-29.09%+13.56%
Bajaj Finance Limited
Bajaj Finance LimitedBAJFINANCE
Open analysis
₹6.11L29.360.56%₹13,929.00₹6,081.00+17.62%+27.62%
Life Insurance Corporation of India
Life Insurance Corporation of IndiaLICI
Open analysis
₹5.03L8.372.54%₹2.40L₹13,584.00+6.76%+24.00%
Kotak Mahindra Bank Limited
Kotak Mahindra Bank LimitedKOTAKBANK
Open analysis
₹4.45L21.930.15%₹11,266.63₹5,480.00-41.22%+22.54%
Axis Bank Limited
Axis Bank LimitedAXISBANK
Open analysis
₹4.02L14.510.08%₹21,381.52₹7,114.00-3.52%+22.53%
Bajaj Finserv Ltd.
Bajaj Finserv Ltd.BAJAJFINSV
Open analysis
₹2.77L27.450.08%₹42,036.90—+39.05%—
About REC Limited
REC Limited

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]

IndiaFinancial Services

Questions investors ask
Is REC Limited Shariah compliant?

REC Limited is currently screened as Non-Compliant (Business Activity) under AAOIFI Shariah Standard No. 21. Business activity in non-permissible sector: /\bfinancial services\b/i Debt to Market Cap (635.07%) exceeds AAOIFI threshold (≤ 33%). Non-permissible interest income (264.95%) exceeds 5% threshold.

What is REC Limited's current valuation relative to peers?

REC Limited trades at a P/E of 5.1x compared to the sector median of 16.5x, and a Price-to-Book of 1.0x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 6.07x. Interest coverage is 0x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 4.8% while net profit growth averaged 2.9%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.