REC Ltd Share Price

Q: What is the share price of REC Ltd today?

REC Ltd share price as on 22 Jan 2025 is ₹460.85

Finance - Term-Lending Institutions

NSE: RECLTD Large Cap ISIN: INE020B01018

As on 22 January 2025 at 14:54 IST

₹460.85

-15.60

(-3.27%)

Sell Buy

About REC Ltd

REC Ltd. (formerly Rural Electrification Corporation Limited) is a Navratna PSU. The company provides financial assistance to power sector entities. It was founded in the year 1969. REC has evolved from a rural electrification financier to become one of India's largest government-owned NBFCs over its many decades-long journey. The headquarters of the company is located in New Delhi. The company offers term loans for power projects, short-term loans, debt refinancing, and renewable energy project funding. REC operates in the Power Finance sector and serves as a crucial institution for India's power infrastructure development. Read More...

Over 1 Month

-7.02%

Over 6 Months

-23%

Over 1 Year

9.59%

Over 3 Years

377.98%

REC Ltd Summary

Close ₹ 460.85

Open ₹ 479

High ₹ 479

Low ₹ 453.20

Volume 81,09,267

Net Turnover (in ₹) ₹ 2,59,17,80,942.85

52Wk High ₹ 654

52Wk Low ₹ 408.30

52Wk High / Low

408.30

654

REC Ltd Fundamentals

Key Financial Data

Market Cap (in ₹Cr) ₹ 1,25,459.96

EPS (TTM) 55.95

Book Value (BV) 276.82

Div. Yield 3.36 %

P/E (TTM) 8.52

Price/Book Value 1.72

Delivery % 36.73 %

Face Value 10

Key Ratios

PE Ratio 8.47

PB Ratio 1.74

EV to Sales 11.91

PEG Ratio 0.32

ROA 2.73

ROE 22.17

Debt-Equity 6.54

Net Profit Margin 29.69

Operating Profit Margin 101.14

REC Ltd Financials

Profit and Loss

Consolidated

Standalone

Yearly

Quarterly

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Total Revenue	47,571.23	39,520.16	39,339.20	35,575.56	30,007.05
Total Expenses	29,611.29	25,622.49	26,896.86	24,794	22,986.21
Profit Before Tax	17,959.94	13,897.67	12,430.53	10,779.59	7,029.98
Profit After Tax	14,145.46	11,166.98	10,035.70	8,378.24	4,972.27
Operating Profit after Depreciation	17,959.94	13,897.67	12,442.34	10,781.56	7,020.84

Balance Sheet

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Fixed Assets	631.50	640.80	628.32	267.62	166.56
Total Non Current Assets	5,07,700.42	4,29,204.99	3,77,915.49	3,70,307.24	3,16,973.84
Total Current Assets	40,490.67	36,297.76	32,944.60	30,559.63	30,056.24
TOTAL ASSETS	5,48,191.09	4,65,502.75	4,10,860.09	4,00,866.87	3,47,030.08
Total Shareholder's Fund	69,350.25	58,120.51	51,314.10	43,763.93	35,396.43

Cash Flow

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Net Cash from Operating Activities	-57,722.65	-37,359.77	-818.53	-43,512.33	-32,711.91
Net Cash used in Investing Activities	-1,830.97	-942.95	-287.44	860.52	121.43
Net Cash used in Financing Activities	59,587.83	38,122.84	67.72	42,113.34	33,926.20

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Total Revenue	47,214.15	39,252.73	39,230.45	35,410.44	29,829.13
Total Expenses	29,433.51	25,513.96	26,805.55	24,654.31	22,845.84
Profit Before Tax	17,780.64	13,738.77	12,424.90	10,756.13	6,983.29
Profit After Tax	14,019.21	11,054.64	10,045.92	8,361.78	4,886.16
Operating Profit after Depreciation	17,780.64	13,738.77	12,424.90	10,756.13	6,983.29

Balance Sheet

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Fixed Assets	630.73	640.53	627.92	266.99	162.57
Total Non Current Assets	5,07,652.14	4,29,142.13	3,77,857.24	3,70,211.64	3,16,881.23
Total Current Assets	39,788.25	35,735	32,555.37	30,021.55	29,606.36
TOTAL ASSETS	5,47,440.39	4,64,877.13	4,10,412.61	4,00,233.19	3,46,487.59
Total Shareholder's Fund	68,783.15	57,679.67	50,985.60	43,426.37	35,076.56

Cash Flow

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Net Cash from Operating Activities	-57,885.22	-37,481.66	-871.50	-43,520.42	-32,448.26
Net Cash used in Investing Activities	-1,875.19	-803.87	-210.32	863.83	-135.73
Net Cash used in Financing Activities	59,587.82	38,110.54	67.73	42,119.05	33,919.08

Particulars (in ₹ Cr.)	2024-09	2024-06	2024-03	2023-12	2023-09
Total Revenue	13,682.43	13,078.66	12,677.18	12,051.77	11,688.24
Total Expenses	8,602.94	8,737.29	7,471.16	7,893.85	6,857.51
Profit Before Tax	-3,408.22	-3,671.02	-2,666.23	-3,481.90	-2,512.16
Profit After Tax	4,037.72	3,460.19	4,079.09	3,308.42	3,789.90
Operating Profit after Depreciation	5,103.37	4,355.15	5,235.50	4,177.69	4,843.75

Particulars (in ₹ Cr.)	2024-09	2024-06	2024-03	2023-12	2023-09
Total Revenue	13,571.18	13,023.31	12,613.14	11,981.65	11,575.94
Total Expenses	8,550.18	8,705.39	7,489.56	7,879.91	6,777.42
Profit Before Tax	-3,466.92	-3,695.35	-2,748.28	-3,539.09	-2,543.37
Profit After Tax	4,005.47	3,442.45	4,016.30	3,269.31	3,772.87
Operating Profit after Depreciation	5,045.52	4,331.67	5,153.75	4,120.14	4,812.74

REC Ltd Technicals

Support and Resistance

S3 S2 S1 Pivot R1 R2 R3

S1 470.10

S2 463.75

S3 453.30

Pivot 480.55

R1 486.90

R2 497.35

R3 503.70

Moving Average

20 SMA 495.58

50 SMA 517.26

100 SMA 534.27

200 SMA 538.90

REC Ltd Corporate Actions

Dividend

Bonus

Splits

Rights

AGM

EGM

REC Ltd

₹4/Share

Announcement Date 08 Nov 2024

Record Date 08 Nov 2024

Div Yield 40%

AGM Date: 16 Sep 2022

AGM 16/09/2022 This is to inform that the 53rd AGM of REC Limited will be held on Friday, September 16, 2022 at 11.00 A.M. through video conferencing/other audio-visual means. In compliance with the provisions of the Companies Act, 2013 read with circulars issued by Ministry of Corporate Affairs and SEBI, from time to time, the Notice of 53rd AGM and Annual Report containing the financial statements for the financial year 2021-22, Auditors '' Report thereon, Board''s Report and other documents including BRSR, have been sent through e-mails on August 24, 2022, to all the members whose e-mail IDs are registered with the Company/Depository Participants (DP). Further, in pursuance of Regulation 34(1) of SEBl (LODR) Regulations, 2015, please find enclosed a soft copy of Annual Report of REC for FY 2021-22, inter-alia containing the Notice of 53rd AGM. The said Annual Report is also hosted on the Company''s website at the link: https://recindia.nic.in/uploads/files/REC-Annual-Report-FY-2021-22.pdf (As Per BSE Announcement Dated on 24.08.2022) The 53rd Annual General Meeting of REC Limited (REC) was held on Friday, September 16, 2022. As per requirement of Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the proceedings of 53rd AGM of REC are enclosed herewith. The results of the matters that were put to vote, as required under Regulation 44(3) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 will be submitted separately. You are requested to take the same on record. (As Per BSE Announcement dated on 16.09.2022) The consolidated voting results in terms of Regulation 44(3) of the SEBI (LODR) Regulations, 2015 and Scrutinizer''s Report dated September 17, 2022 are enclosed herewith. Based on the Report of the Scrutinizer, it is hereby informed that all resolutions as set out in the Notice of 53rd AGM of the Company have been duly approved & passed by the shareholders with requisite majority. (As Per BSE Announcement Dated on 19.09.2022)

AGM Date: 06 Sep 2023

AGM 06/09/2023 Newspaper publication in respect of notice of 54th Annual General Meeting and e-voting information (As Per BSE Announcement dated on 18.08.2023) Addendum to the Notice of 54th Annual General Meeting (As Per BSE Announcement Dated on 26/08/2023) Newspaper Publication in respect of Addendum to Notice of 54th Annual General Meeting & e -voting information. (As Per BSE Announcement Dated on 28/08/2023) Proceedings of 54th Annual General Meeting of REC Limited held on Wednesday, September 6, 2023. (As Per BSE Announcement dated on 06.09.2023) Annual Report of the Company for the financial year 2022-23 (As per BSE Announcement Dated on 08/09/2023)

AGM Date: 20 Aug 2024

Intimation of convening 55th AGM through VC/OAVM and newspaper publication thereof. Proceedings of 55th AGM held on August 20, 2024. (As Per BSE Announcement dated on 20.08.2024)

REC Ltd Peer Comparison

Company	Price	Market Cap (in ₹ Cr)
REC Ltd	₹476.70	₹1,25,525.79
Bajaj Finance Ltd	₹7,287.05	₹4,51,065.82
Bajaj Finserv Ltd	₹1,715.55	₹2,73,915.37
Indian Railway Finance Corporation Ltd	₹142.40	₹1,86,095.53
Jio Financial Services Ltd	₹260.15	₹1,65,280.69
Power Finance Corporation Ltd	₹427	₹1,40,914.35

REC Ltd News

REC Ltd spurts 1.59%, up for third straight session

REC Ltd is quoting at Rs 486.25, up 1.59% on the day as on 12:49 IST on the NSE. The stock is up 14.04% in last one year as compared to a 8.08% gain in NIFTY and a 11.87% gain in the Nifty Financial Services index.

16 Jan 2025, 01:06 pm

REC gains as loan disbursements climbs 18% YoY in Q3

REC rallied 3.57% to Rs 538.55 after the company said that it has disbursed loans amounting to Rs 54,692 crore in Q3 FY24-25, which is higher by 17.98% as compared with Rs 46,358 crore disbursed in Q2 FY23-24.

03 Jan 2025, 02:35 pm

REC Ltd up for third consecutive session

REC Ltd is quoting at Rs 513.55, up 1.58% on the day as on 12:49 IST on the NSE. The stock is up 21.25% in last one year as compared to a 11.76% jump in NIFTY and a 12.31% jump in the Nifty Financial Services index.

02 Jan 2025, 01:05 pm

REC announces cessation of director

With effect from 27 December 2024

27 Dec 2024, 03:55 pm

REC rallies on incorporating WOS for RE projects in Madhya Pradesh

REC gained 2.36% to Rs 519.25 after its wholly owned subsidiary (WOS), REC Power Development and Consultancy (RECPDCL) incorporated a WOS named Rajgarh III Power Transmission on 24 December 2024.

26 Dec 2024, 03:38 pm

REC Ltd Stock Analysis

Annual revenue for REC Ltd increased by 20.28% to ₹47,214.15 crore in FY 2024 from ₹39,252.73 crore in FY 2023.
Annual Net Profit for REC Ltd increased by 26.82% to ₹14,019.21 crore in FY 2024 from ₹11,054.64 crore in FY 2023.
Promoter Shareholding in REC Ltd remains unchanged by 0.00% in the most recent quarter, from 52.63% in September 2024 to 52.63% in December 2024.
REC Ltd delivered a 1-year return of 9.59% compared to the Nifty 50, which provided a return of 8.41% as of the last trading session.
REC Ltd share price moved down by 3.27% from its previous close of INR ₹476.45. The latest REC Ltd share price is INR ₹460.85.
REC Ltd share price today has been at a low of 453.20 and a high of 479. Over the past 52 weeks, the REC Ltd share price has seen a low of 408.30 and a high of 654.

About REC Ltd

REC Ltd. (formerly Rural Electrification Corporation Limited) is a Navratna Public Sector Enterprise. It provides crucial financial help to power sector entities for generation, transmission, distribution, and renewable energy projects. The company operates in the Power Finance sector and is one of India's largest government-owned Non-Banking Financial Companies (NBFCs).

Established in 1969, REC has been in business for many decades. The company is headquartered in New Delhi, India. REC was initially set up to finance rural electrification projects. Later, the company expanded its scope to cover the entire power sector.

The company's main products include term loans for power projects, short-term loans, and debt refinancing. It also offers equipment financing and renewable energy project funding. REC is among the top players in the power finance sector. However, it is the second-largest power sector financier after Power Finance Corporation (PFC) in terms of market capitalization.

The promoter shareholding of the company stands at 52.63%. Power Finance Corporation Limited holds this entire stake in the company. The registered office of the company is located at Core-4, SCOPE Complex, 7 Lodhi Road, New Delhi - 110003. Its registrar & share transfer agent is KFin Technologies Limited.
The key managerial promoters of the company include:

Vivek Kumar Dewangan
V K Singh
Harsh Baweja
Manoj Manohar Pande
Gambheer Singh

The company plays a crucial role in India's power sector development. Also, it has been instrumental in achieving various government initiatives. These initiatives include rural electrification and power sector reforms.

Influence of the Company

REC Ltd. has emerged as a pivotal institution in India's power sector development over many decades. As a Navratna PSU and one of the largest NBFCs in the power sector, its influence extends beyond financial assistance. The company plays a crucial role in shaping India's power infrastructure, rural development, and energy security. REC's impact can be seen across various dimensions of the power sector and the broader economy.

Rural Electrification Impact
REC's most significant influence has been in rural electrification. Since its inception, the company has been instrumental in bringing electricity to thousands of villages across India. REC has helped transform rural India by enabling access to electricity. This has brought economic change, improved education facilities, and enhanced the quality of life in rural areas. Thanks to its targeted financing and implementation support it has been particularly impactful in achieving the government's goal of 100% village electrification.

Power Sector Development
The company's influence in power sector development has been comprehensive. REC provides financing for generation, transmission, and distribution projects. Thus, it has helped build crucial power infrastructure across the country. Their funding has enabled the establishment of thermal, hydro, and renewable energy projects, contributing significantly to India's installed power capacity. The company's support for transmission and distribution infrastructure has helped reduce power losses and improve electricity access.

Renewable Energy Transition
REC has played a crucial role in India's transition towards renewable energy. The company has helped accelerate the adoption of clean energy technologies. It achieved this by providing specialized financing products for renewable energy projects. Their support for solar, wind, and other renewable projects has also contributed to India's commitment to reducing carbon emissions and achieving its renewable energy targets.

Financial Market Influence
As one of the largest NBFCs in the power sector, REC's influence also extends to financial markets. The company's bond issues, and financial instruments are highly rated and widely subscribed. This is how its financial performance positively contributes to the development of India's debt market.

Policy Implementation
REC has been a key implementing agency for various government schemes and initiatives in the power sector. Their influence in policy implementation has helped translate government vision into reality. This has made them a crucial link between policy formulation and ground-level implementation.

Technological Advancement
The company's influence extends to technological advancement in the power sector. REC has encouraged the adoption of modern technologies and best practices in power projects. This is done through their financing criteria and project evaluation standards. These advanced technologies have helped improve the efficiency and reliability of India's power infrastructure.

Economic Growth Catalyst
REC's financing activities have had a multiplier effect on economic growth. By enabling power infrastructure development, they have indirectly contributed to industrial growth, job creation, and economic development across sectors. The company focuses on timely project completion and efficient fund utilization. This has further helped maximize the economic impact of power sector investments.

Social Impact
Beyond economic considerations, REC's influence has created a significant social impact. The company has contributed to skill enhancement, community development, and environmental protection. This growth is made possible through its CSR initiatives and focus on sustainable development. Their role in rural electrification has particularly helped in reducing rural-urban disparities.

REC Ltd.'s influence on India's power sector and overall development has been profound and multifaceted. From their initial focus on rural electrification to their current role as a comprehensive power sector financier, they have consistently contributed to national development goals. As India continues its journey towards universal and sustainable power supply, REC's role remains crucial.