Financial Services · NIFTY 500
REC Limited
₹304.60 -5.90 (-1.90%) Updated 12 Nov, 8:49 pm IST
Today
- Open
- ₹311.70
- Prev close
- ₹310.50
- Day high
- ₹313.75
- Day low
- ₹302.80
- Volume
- 48.96 L
- Value traded
- ₹150.03 Cr
- Upper circuit
- ₹312.80
- Lower circuit
- ₹294.60
- 52W high
- ₹387.80
- 52W low
- ₹281.90
- 1 month
- +0.56%
- 6 months
- -15.62%
Ratios
Key numbers
Worked out from the latest filings (Consolidated) and today's price. TTM = last four quarters.
Quarterly results
Results for each quarter
Last 12 quarters, consolidated, ₹ crore. Hover a bar to see the number.
Revenue and net profit
Revenue · QoQ (vs last quarter)
Revenue · YoY (vs a year ago)
Net profit · QoQ (vs last quarter)
Net profit · YoY (vs a year ago)
EPS (₹) · YoY (vs a year ago)
| ₹ Cr | Dec 23 | Mar 24 | Jun 24 | Sep 24 | Dec 24 | Mar 25 | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest earned | 12,052 | 12,677 | 13,079 | 13,682 | 14,272 | 15,334 | 14,737 | 15,153 | 15,018 | 14,564 | 14,435 | 15,000 |
| Other income | 19.8 | 29.5 | 13.8 | 23.9 | 15.0 | 14.8 | 86.5 | 9.7 | 40.9 | 19.6 | 34.6 | 10.0 |
| Total income | 12,072 | 12,707 | 13,092 | 13,706 | 14,287 | 15,348 | 14,824 | 15,162 | 15,059 | 14,583 | 14,469 | 15,010 |
| Raw material | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Purchases | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Employee cost | 69.4 | 66.1 | 62.3 | 65.5 | 54.8 | 85.5 | 64.0 | 66.7 | 70.6 | 70.2 | 74.3 | 76.5 |
| Other expenses | 109 | 234 | 183 | 166 | 288 | 221 | 176 | 210 | 204 | 508 | 1,033 | 657 |
| Total expenses | 7,900 | 7,477 | 8,743 | 8,609 | 9,106 | 9,858 | 9,158 | 9,613 | 9,904 | 10,169 | 9,201 | 10,619 |
| Finance cost | 7,654 | 7,896 | 8,020 | 8,506 | 8,837 | 8,768 | 8,934 | 9,131 | 9,243 | 8,931 | 8,748 | 9,522 |
| Depreciation | 6.0 | 6.0 | 5.9 | 6.0 | 6.3 | 6.5 | 6.7 | 6.7 | 6.8 | 6.9 | 6.8 | 6.7 |
| Exceptional items | — | — | — | — | — | — | — | — | -18.3 | — | — | — |
| Profit before tax | 4,172 | 5,229 | 4,349 | 5,097 | 5,181 | 5,490 | 5,666 | 5,549 | 5,136 | 4,415 | 5,268 | 4,391 |
| Tax | 863 | 1,150 | 889 | 1,060 | 1,105 | 1,180 | 1,201 | 1,134 | 1,084 | 1,039 | 1,076 | 913 |
| Net profit | 3,308 | 4,079 | 3,460 | 4,038 | 4,076 | 4,310 | 4,466 | 4,415 | 4,052 | 3,375 | 4,193 | 3,478 |
| Profit to shareholders | 3,308 | 4,079 | 3,460 | 4,038 | 4,076 | 4,310 | 4,466 | 4,415 | 4,052 | 3,375 | 4,193 | 3,478 |
| EPS (₹) | 12.56 | 15.36 | 13.14 | 15.33 | 15.48 | 16.24 | 16.96 | 16.77 | 15.39 | 12.69 | 15.92 | 13.21 |
Profit & loss
Results for each year
7 financial years (April to March), consolidated, ₹ crore.
Sales, operating profit and net profit
Revenue · YoY (vs a year ago)
Net profit · YoY (vs a year ago)
| ₹ Cr | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Interest earned | 29,930 | 35,553 | 39,269 | 39,478 | 47,505 | 56,367 | 59,584 |
| Other income | 77.3 | 22.7 | 70.2 | 41.9 | 66.5 | 67.5 | 44.2 |
| Total expenses | 22,986 | 24,794 | 26,897 | 25,622 | 29,611 | 36,317 | 38,844 |
| Employee cost | 193 | 164 | 180 | 204 | 238 | 268 | 272 |
| Finance cost | 18,991 | 21,489 | 22,051 | 23,733 | 29,948 | 34,131 | 36,238 |
| Depreciation | 11.8 | 10.9 | 18.2 | 24.3 | 24.0 | 24.7 | 27.1 |
| Profit before tax | 7,021 | 10,782 | 12,442 | 13,898 | 17,960 | 20,117 | 20,766 |
| Tax | 2,058 | 2,401 | 2,395 | 2,731 | 3,814 | 4,233 | 4,458 |
| Tax rate % | 29.3% | 22.3% | 19.2% | 19.6% | 21.2% | 21.0% | 21.5% |
| Net profit | 4,972 | 8,378 | 10,036 | 11,167 | 14,145 | 15,884 | 16,308 |
| Profit to shareholders | — | — | 0.0 | 11,167 | 14,145 | 15,884 | 16,308 |
| Net margin % | 16.6% | 23.6% | 0.0% | 28.3% | 29.8% | 28.2% | 27.4% |
| EPS (₹) | 25.18 | 42.42 | 50.82 | 42.28 | 53.59 | 60.20 | 61.81 |
Balance sheet
Assets and debt
At each year end (and the latest half year), ₹ crore.
Equity, debt and assets
Shareholders' equity · YoY (vs a year ago)
| ₹ Cr | Mar 23 | Mar 24 | Mar 25 | Mar 26 | Sep 26 |
|---|---|---|---|---|---|
| Shareholders' equity | 58,121 | 69,350 | 78,376 | 85,054 | 95,219 |
| Deposits | — | — | 0.0 | 0.0 | 0.0 |
| Total borrowings | 137,114 | 172,092 | 194,300 | 195,316 | 201,541 |
| Fixed assets (PPE) | 639 | 631 | 626 | 613 | 603 |
| Investments | 3,170 | 5,352 | 6,674 | 9,831 | 9,734 |
| Inventories | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Cash & equivalents | 48.7 | 263 | 234 | 293 | 459 |
| Total assets | 465,503 | 548,191 | 614,502 | 640,158 | 674,188 |
| Debt / equity | 2.36 | 2.48 | 2.48 | 2.30 | 2.12 |
Cash flow
Cash coming in and going out
For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.
Operating, investing and financing cash
Operations · YoY (vs a year ago)
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -3,910 | -37,360 | -57,723 | -39,101 | 5,972 |
| Cash from investing | -287 | -943 | -1,831 | -1,265 | -3,308 |
| Cash from financing | 3,159 | 38,123 | 59,588 | 40,034 | -2,375 |
| Spent on fixed assets | -21.8 | -17.7 | -33.6 | -81.3 | -75.2 |
| Free cash flow | -3,931 | -37,377 | -57,756 | -39,182 | 5,896 |
| Net cash flow | -1,038 | -180 | 34.2 | -333 | 289 |
Shareholding
Who holds the shares
Promoter and public holding at each quarter end, as filed with NSE.
Holding over time
Latest (30 Sep 2026)
- Promoter & group
- 52.63%
- Public (FIIs, mutual funds, retail…)
- 47.37%
- Promoter change, last quarter
- 0.00 pts
Dividends & news
Latest dividends and announcements
Dividends & corporate actions
- Interim Dividend - Rs 3.50 Per Share
- Dividend - Rs 1.55 Per Share
- Interim Dividend - Rs 4.25 Per Share
- Interim Dividend - Rs 3.20 Per Share
- Interim Dividend - Rs 4.60 Per Share
- Interim Dividend - Rs 4.60 Per Share
- Dividend - Rs 2.60 Per Share
- Interim Dividend - Rs 4.60 Per Share
Board meetings
- the Half Yearly Unaudited Financial results of the Company for the period ended September 2026 and Dividend.
- the financial results for the period ended September 30, 2026 and 2nd Interim Dividend for the financial year 2026-27, if any.
- the Quarterly Unaudited Financial results of the Company for the period ended June 2026 and Dividend.
- the financial results for the quarter ended June 30, 2026 and 1st interim dividend for the FY 2026-27, if any.
- Other business.
Filings with NSE
- Analysts/Institutional Investor Meet/Con. Call Updates
- Change in Management
- General Updates
- Analysts/Institutional Investor Meet/Con. Call Updates
- Copy of Newspaper Publication
- Analysts/Institutional Investor Meet/Con. Call Updates
- Record Date
Latest news
RECLTD Outlook for the WeekEquitypandit · 8 Nov, 1:30 pmRecordati (BIT:REC) Stock Could Be 41% Undervalued On Cash FlowYahoo Finance · 23 Oct, 12:30 pmPower Finance Coporation (PFC), REC Ltd Shares Down After Boards Clear Merger; Share Swap Ratio Set at 88:100HDFC Sky · 29 Jun, 12:30 pmPFC-REC Merger Approved: What 88:100 Share Swap Means for InvestorsNiftyTrader · 29 Jun, 12:30 pmDividend stock REC extends gains for second consecutive session after Q1FY27 results. Details hereLivemint · 27 Jul, 12:30 pmPower Finance Corporation and REC shares fall up to 3% after Morgan Stanley downgradeThe Economic Times · 20 Aug, 12:30 pmREC Ltd. Share Price update: fundamentals and sector viewUnivest · 16 Sep, 12:30 pmPFC-REC merger: Which stock should you buy before the mega deal creates Rs 11 lakh cr power financing gianThe Economic Times · 2 Jul, 12:30 pmAbout
About REC Limited
REC Limited, formerly Rural Electrification Corporation Limited, is an Indian public sector company that finances and promotes power projects across India. It loans to Central/State Sector Power Utilities, State Electricity Boards, Rural Electric Cooperatives, NGOs and Private Power Developers. It is a subsidiary of Power Finance Corporation (PFC) and is under administrative control of the Ministry of Power, Government of India.
From Wikipedia (CC BY-SA 4.0).
Company details
- Company name
- REC Limited
- NSE symbol
- RECLTD
- BSE scrip code
- 532955
- ISIN
- INE020B01018
- Listed on
- NSE, BSE
- Series
- EQ (normal equity)
- Listed on NSE since
- 12 Mar 2008
- Face value
- ₹10 per share
- Market lot
- 1 share
- Shares issued
- 263.32 crore
- Index
- NIFTY 500
- Sector (NSE)
- Financial Services
- Industry
- Finance/Rental/Leasing
- Managing director / CEO
- Jitendra Srivastava
- Chair
- Jitendra Srivastava
- Headquarters
- Gurugram, Haryana, India
- Registered address
- REC World Headquarters, Plot no. I-4, Sector 29, Gurugram-122001
- Founded
- 1969
- Employees
- 1,213
- Financial year
- April to March
- Results basis
- Consolidated
- Website
- recindia.com
Peers
Other Financial Services stocks
Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.