Net profit jumped 29% to ₹4,466 crores in Q1 FY26, from ₹3,460 crores in Q1 FY25. Total income for the quarter increased 13% year-on-year to ₹14,824 crores, from ₹13,092 crores.
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. +
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LOGINOver 1 Month
-4.07%
Over 6 Months
-11.69%
Over 1 Year
-30.42%
Over 3 Years
260.71%
REC Ltd Summary
Close ₹359.45
Open ₹359.05
High ₹360.25
Low ₹357.35
Volume 35,69,363
Net Turnover (in Cr) ₹128.09
52Wk High ₹573.30
52Wk Low ₹348.60
52Wk High / Low
348.60
573.30
REC Ltd Fundamentals
Key Financial Data
Market Cap (in Cr) ₹94,651.24
EPS (TTM) 65.10
Book Value (BV) 314.21
Div. Yield 5 %
P/E (TTM) 5.52
Price/Book Value 1.14
Delivery % 61.61 %
Face Value 10
Key Ratios
PE Ratio 7.20
PB Ratio 1.47
EV to Sales 10.87
PEG Ratio 0.60
ROA 2.74
ROE 21.46
Debt-Equity 6.43
Net Profit Margin 28.07
Operating Profit Margin 96.50
REC Ltd Financials
Profit and Loss
| Particulars (in ₹ Cr.) | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Total Revenue | 56,434.03 | 47,571.23 | 39,520.16 | 39,339.20 | 35,575.40 |
| Total Expenses | 36,316.56 | 29,611.29 | 25,622.49 | 26,896.86 | 24,793.84 |
| Profit Before Tax | 20,117.47 | 17,959.94 | 13,897.67 | 12,430.53 | 10,779.59 |
| Profit After Tax | 15,884.23 | 14,145.46 | 11,166.98 | 10,035.70 | 8,378.24 |
| Operating Profit After Depreciation | 20,117.47 | 17,959.94 | 13,897.67 | 12,442.34 | 10,781.56 |
Balance Sheet
| Particulars (in ₹ Cr.) | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Fixed Assets | 627.83 | 631.50 | 640.80 | 628.32 | 267.62 |
| Total Non Current Assets | 5,69,335.27 | 5,07,700.42 | 4,29,204.99 | 3,77,915.49 | 3,70,307.24 |
| Total Current Assets | 45,166.56 | 40,490.67 | 36,297.76 | 32,944.60 | 30,559.63 |
| Total Assets | 6,14,501.83 | 5,48,191.09 | 4,65,502.75 | 4,10,860.09 | 4,00,866.87 |
| Total Shareholder's Fund | 78,376.06 | 69,350.25 | 58,120.51 | 51,314.10 | 43,763.93 |
Cash Flow
| Particulars (in ₹ Cr.) | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Net Cash From Operating Activities | -39,064.08 | -57,722.64 | -37,359.77 | -818.53 | -43,512.33 |
| Net Cash Used In Investing Activities | -1,302.04 | -1,830.96 | -942.95 | -287.44 | 860.52 |
| Net Cash Used In Financing Activities | 40,033.60 | 59,587.81 | 38,122.84 | 67.72 | 42,113.34 |
Profit and Loss
| Particulars (in ₹ Cr.) | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Total Revenue | 55,979.62 | 47,214.15 | 39,252.73 | 39,230.45 | 35,410.44 |
| Total Expenses | 36,119.84 | 29,433.51 | 25,513.96 | 26,805.55 | 24,654.31 |
| Profit Before Tax | 19,859.78 | 17,780.64 | 13,738.77 | 12,424.90 | 10,756.13 |
| Profit After Tax | 15,713.21 | 14,019.21 | 11,054.64 | 10,045.92 | 8,361.78 |
| Operating Profit After Depreciation | 19,859.78 | 17,780.64 | 13,738.77 | 12,424.90 | 10,756.13 |
Balance Sheet
| Particulars (in ₹ Cr.) | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Fixed Assets | 580 | 630.73 | 640.53 | 627.92 | 266.99 |
| Total Non Current Assets | 5,69,286.70 | 5,07,652.14 | 4,29,142.13 | 3,77,857.24 | 3,70,211.64 |
| Total Current Assets | 44,268.78 | 39,788.25 | 35,735 | 32,555.37 | 30,021.55 |
| Total Assets | 6,13,555.48 | 5,47,440.39 | 4,64,877.13 | 4,10,412.61 | 4,00,233.19 |
| Total Shareholder's Fund | 77,637.97 | 68,783.15 | 57,679.67 | 50,985.60 | 43,426.37 |
Cash Flow
| Particulars (in ₹ Cr.) | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Net Cash From Operating Activities | -39,182.15 | -57,885.22 | -37,481.66 | -871.50 | -43,520.42 |
| Net Cash Used In Investing Activities | -1,146.36 | -1,875.19 | -803.87 | -210.32 | 863.83 |
| Net Cash Used In Financing Activities | 40,033.60 | 59,587.82 | 38,110.54 | 67.73 | 42,119.05 |
| Particulars (in ₹ Cr.) | 2025-09 | 2025-06 | 2025-03 | 2024-12 | 2024-09 |
|---|---|---|---|---|---|
| Total Revenue | 15,152.67 | 14,737.45 | 15,351.88 | 14,271.92 | 13,682.43 |
| Total Expenses | 9,606.78 | 9,150.87 | 9,870.33 | 9,099.63 | 8,602.94 |
| Profit Before Tax | -3,581.74 | -3,267.77 | -3,278.52 | -3,656.05 | -3,408.22 |
| Profit After Tax | 4,414.93 | 4,465.71 | 4,309.98 | 4,076.35 | 4,037.72 |
| Operating Profit after Depreciation | 5,555.60 | 5,673.11 | 5,496.38 | 5,187.28 | 5,103.37 |
| Particulars (in ₹ Cr.) | 2025-09 | 2025-06 | 2025-03 | 2024-12 | 2024-09 |
|---|---|---|---|---|---|
| Total Revenue | 15,084.13 | 14,646.42 | 15,177.78 | 14,157.19 | 13,571.18 |
| Total Expenses | 9,535.23 | 9,080.29 | 9,801.41 | 9,056.81 | 8,550.18 |
| Profit Before Tax | -3,578.81 | -3,288.20 | -3,385.26 | -3,727.67 | -3,466.92 |
| Profit After Tax | 4,425.86 | 4,451.02 | 4,236.20 | 4,029.09 | 4,005.47 |
| Operating Profit after Depreciation | 5,559.38 | 5,653.52 | 5,391.08 | 5,115.90 | 5,045.52 |
REC Ltd Technicals
Support and Resistance
S3 S2 S1 Pivot R1 R2 R3
S1 357.78
S2 356.12
S3 354.88
Pivot 359.02
R1 360.68
R2 361.92
R3 363.58
Moving Average
20 SMA 368.36
50 SMA 373.01
100 SMA 380.46
200 SMA 395.51
REC Ltd Corporate Actions
REC Ltd
₹4.6/Share
Announcement Date 27 Oct 2025
Record Date 27 Oct 2025
Div Yield 46%
REC Ltd Peer Comparison
| Company | Price | Market Cap (in Cr) |
|---|---|---|
| Bajaj Finance Ltd | ₹1,005.55 | ₹6,25,701.66 |
| Bajaj Finserv Ltd | ₹2,050.10 | ₹3,27,567.69 |
| Jio Financial Services Ltd | ₹304.50 | ₹1,93,457.50 |
| Indian Railway Finance Corporation Ltd | ₹120.85 | ₹1,57,932.90 |
| Shriram Finance Ltd | ₹817.65 | ₹1,53,822.87 |
REC Ltd Top Mutal Funds Invested
| Fund Name | AUM |
|---|---|
| Bandhan Small Cap Fund | 2.72% |
| Nippon India ELSS Tax Saver Fund | 1.50% |
| Invesco India Arbitrage Fund | 1.28% |
| ICICI Pru Equity - Arbitrage Fund | 1.19% |
| Nippon India Growth Mid Cap Fund | 0.91% |
REC Ltd News
REC gains after Q2 PAT rises 9% YoY to Rs 4,415 cr
REC rose 1.20% to Rs 379.20 after the company reported an 9.34% rise in consolidated net profit to Rs 4,414.93 crore in Q2 FY26, compared to Rs 4,037.72 crore posted in Q2 FY25.
20 Oct 2025, 12:01 pm
REC Q2 PAT rises 9% YoY to Rs 4,415 cr
REC reported a 9.34% rise in consolidated net profit to Rs 4,414.93 crore in Q2 FY26, compared to Rs 4,037.72 crore posted in Q2 FY25.
18 Oct 2025, 12:50 pm
Board of REC recommends Second Interim dividend
Of Rs 4.6 per share
18 Oct 2025, 09:50 am
REC schedules board meeting
On 17 October 2025
14 Oct 2025, 05:34 pm
REC Ltd gains for third consecutive session
REC Ltd is quoting at Rs 380, up 1.92% on the day as on 12:49 IST on the NSE. The stock is down 29.33% in last one year as compared to a 1.89% drop in NIFTY and a 10.31% drop in the Nifty Financial Services index.
01 Oct 2025, 01:05 pm
REC Ltd Stock Analysis
- Annual revenue for REC Ltd increased by 18.57% to ₹55,979.62 crore in FY 2025 from ₹47,214.15 crore in FY 2024.
- Annual Net Profit for REC Ltd increased by 12.08% to ₹15,713.21 crore in FY 2025 from ₹14,019.21 crore in FY 2024.
- Promoter Shareholding in REC Ltd remains unchanged by 0.00% in the most recent quarter, from 52.63% in June 2025 to 52.63% in September 2025.
- REC Ltd delivered a 1-year return of -30.42% compared to the Nifty 50, which provided a return of 10.78% as of the last trading session.
- REC Ltd share price moved up by 0.68% from its previous close of INR ₹359.45. The latest REC Ltd share price is INR ₹361.90.
- REC Ltd share price today has been at a low of 359.90 and a high of 362.25. Over the past 52 weeks, the REC Ltd share price has seen a low of 348.60 and a high of 573.30.
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:
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.
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
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.
FAQ’s
What is the share price of REC Ltd today?
REC Ltd share price as on 20 Nov 2025 is ₹ 361.9
What is the Market Cap of REC Ltd?
The market cap of REC Ltd stock is ₹94,651.24 Cr.
What is the PE Ratio of REC Ltd?
The Price to Earnings (P/E) Ratio of REC Ltd is 7.20
What is the PB Ratio of REC Ltd?
The Price to Book (P/B) Ratio of REC Ltd is 1.47
What is the 52 week high of REC Ltd Share Price?
The 52 week high of REC Ltd share price stands at ₹573.30
What is the 52 week low of REC Ltd Share Price?
The 52 week low of REC Ltd share price stands at ₹348.60
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