Skip to main content
Swing Capital

REC Ltd

NSE: RECLTD BSE: 532955Energy

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]

₹334
52W: ₹304 — ₹429
PE 5.44 · Book ₹320 · +4% vs book
Market Cap₹87,844 Cr
Stock P/E5.44Price to Earnings
ROCE9.71%Return on Capital
ROE20.1%Return on Equity
Div. Yield5.33%Face Value ₹10

Strengths

  • +Stock is trading at 1.07 times its book value
  • +Stock is providing a good dividend yield of 5.30%.
  • +Company has been maintaining a healthy dividend payout of 30.1%

Weaknesses

  • −Company has low interest coverage ratio.
  • −The company has delivered a poor sales growth of 10.8% over past five years.
  • −Company might be capitalizing the interest cost

Shareholding Pattern

Promoters52.63%
FIIs15.79%
DIIs16.36%
Public15.17%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters52.63%52.63%52.63%52.63%52.63%52.63%52.63%52.63%
FIIs20.43%21.22%▲0.821.74%▲0.520.48%▼1.319.16%▼1.317.97%▼1.216.46%▼1.515.79%▼0.7
DIIs14.68%14.25%▼0.413.91%▼0.314.79%▲0.915.51%▲0.715.86%▲0.316.21%▲0.416.36%▲0.1
Public12.21%11.84%▼0.411.67%▼0.212.05%▲0.412.65%▲0.613.48%▲0.814.64%▲1.215.17%▲0.5

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales0000000000
Expenses227-406684442191,0131454045861,071
Operating Profit0000000000
OPM %0%0%0%0%0%0%0%0%0%0%
Net Profit3,2694,0163,4424,0054,0294,2364,4514,4264,0433,362
EPS ₹12.4215.2513.0715.2115.316.0916.916.8115.3512.77

AI Insights

Revenue Trend

Mar 2026 revenue at ₹0Cr, up 0% YoY. OPM at 0%.

Debt Position

Borrowings at ₹0Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.

Capex Cycle

CWIP at ₹128Cr (21% of fixed assets). Significant capex underway — growth runway building.

Institutional Flow

DIIs: 16.36% (+4.34pp change). FIIs: 15.79% (-6.11pp change). Promoters hold 52.63%.

Margin & Efficiency

ROCE improving from 0% (Mar 2015) to 0% (Mar 2026). Working capital days: 0.

Valuation

PE 5.44x with 9.71% ROCE. Price is 4% above book value of ₹320. Dividend yield: 5.33%.

Recent Announcements