Analyst Rating
based on 7 analysts
85.71%
Buy
14.29%
Hold
0.00%
Sell
Based on 7 analysts offering long term price targets for REC Ltd. An average target of ₹694.71
Source: S&P Global Market Intelligence
REC Ltd Share analysis
REC Ltd price forecast by 7 analysts
Upside of14.36%
High
₹810
Target
₹694.71
Low
₹645
REC Ltd target price ₹694.71, a slight upside of 14.36% compared to current price of ₹607.45. According to 7 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
REC Ltd revenue growth forecast
Expected growth rate Q1, FY2026:
Forecast
Actual
Including amortisation and stock based compensations
REC Ltd EPS growth forecast
EPS estimate Q1, FY2026:27.23%
Forecast
Actual
Source: S&P Global Market Intelligence
Performance
Day's Low
Day's High
₹604₹630.952 Week's Low
52 Week's High
₹233.65₹654
| Returns % | |
| 1 Month Return | + 2.88 % |
| 3 Month Return | + 22.27 % |
| 1 Year Return | + 147.38 % |
| Market Stats | |
| Previous Close | ₹630.60 |
| Open | ₹625.65 |
| Volume | 80.75L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹1,66,051.11Cr |
Key Statistics
| P/E Ratio | 10.95 |
| PEG Ratio | 0.98 |
| Market Cap | ₹1,66,051.11 Cr |
| P/B Ratio | 1.74 |
| EPS | 53.72 |
| Dividend Yield | 3.55 |
| Sector | Finance |
| ROE | 22.17 |
Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| BUY | ₹1,66,051.11 Cr | 87.46% | 0.93 | ₹14,145 Cr | ₹47,517 Cr | |
| BUY | ₹1,84,228.18 Cr | 104.16% | 0.92 | ₹26,461 Cr | ₹91,508 Cr | |
| NA | ₹2,26,712.44 Cr | 116.98% | 0.95 | NA | NA | |
| NA | ₹18,180.62 Cr | 42.89% | 0.50 | ₹4,243 Cr | ₹154 Cr |
Mutual Fund Holdings
Company Information
REC operates mainly within India and does not have specific sub-brands, but it offers a broad range of financial products and services, including project financing, loans for transmission and distribution projects, and financial consulting for power infrastructure development. The company plays a crucial role in enhancing India's power sector infrastructure, contributing to projects that improve the availability and quality of electricity in rural and urban areas. A notable fact about REC is its role in financing over 25% of India's installed power generation capacity. Another interesting fact is its significant involvement in the government's electrification initiatives, such as the Pradhan Mantri Sahaj Bijli Har Ghar Yojana (Saubhagya) to achieve universal electrification. REC Limited is a subsidiary of Power Finance Corporation Limited (PFC), another leading financial institution in India's power sector.
Share Price: ₹607.45 per share as on 06 Sep, 2024 04:01 PM
Market Capitalisation: ₹1,66,051.11Cr as of today
Revenue: ₹0.00Cr as on June 2024 (Q2 24)
Net Profit: ₹3,460.19Cr as on June 2024 (Q2 24)
Listing date: 12 Mar, 2008
Chairperson Name: Vivek Kumar Dewangan
| Organisation | REC Ltd |
| Headquarters | New Delhi |
| Industry | Finance |
| E-voting on shares | Click here to vote |
Key events for REC Ltd
REC Ltd Plans $600 Million Green Bonds - 04 Sep, 2024
REC Ltd is raising $600 million in green bonds for renewable energy projects, receiving strong investor interest during roadshows in major global cities. The company aims to diversify its funding sources, having previously raised $750 million in green bonds last year.
REC Ltd Subsidiary Transfers Power Project to GRIL - 03 Sep, 2024
REC Power Development and Consultancy Limited, a subsidiary of REC Ltd, has transferred the Tumkur-II REZ Power Transmission project to G.R. Infraprojects Limited, enhancing its project implementation capabilities.
UBS Initiates Buy Rating for REC Ltd - 29 Aug, 2024
UBS has initiated coverage on REC Ltd with a Buy rating and a target price of Rs 720, highlighting strong growth prospects in renewable energy and infrastructure financing. The stock has shown impressive performance, with significant year-to-date gains and a robust loan book focused on renewables.
Analyst Recommends Buy for REC Ltd Stock - 28 Aug, 2024
Kunal Bothra has initiated a BUY recommendation for REC Ltd, targeting Rs 650. The stock shows positive technical indicators and a strong loan book of Rs 5.30 lakh crore.
REC Ltd Faces Potential Impact from Loan Exposure - 27 Aug, 2024
Infrastructure finance companies, including REC Ltd, are anticipated to be heavily affected due to their substantial loan portfolios exceeding Rs 15 trillion.
REC Limited Secures Rs 45,000 Crore Financing Pact - 26 Aug, 2024
REC Limited has signed a memorandum of understanding with Jawaharlal Nehru Port Authority to finance various projects, including Vadhavan Port, for up to Rs 45,000 crore. The company has shown significant stock performance, with a 145% increase over the past year.
REC Ltd Secures Rs 45,000 Crore Financing for JNPA - 25 Aug, 2024
REC Ltd has entered into a memorandum of understanding to provide financing of up to Rs 45,000 crore for various projects under the Jawaharlal Nehru Port Authority, enhancing infrastructure development in India.
REC Ltd Reports Growth and Project Transfers - 22 Aug, 2024
REC Ltd's subsidiary RECPDCL has transferred SPVs for key projects to Apraava Energy. The company also reported significant growth in loans and profits in its sustainability report.
REC Ltd Subsidiary Transfers Project to Apraava Energy - 21 Aug, 2024
REC Ltd announced that its subsidiary, REC Power Development and Consultancy Ltd, has transferred a project-specific Special Purpose Vehicle to Apraava Energy for the Rajasthan Renewable Energy Zone Ph-IV transmission project.
REC Ltd Forms New Wholly Owned Subsidiary - 16 Aug, 2024
REC Ltd has established Rajasthan IV 4B Power Transmission Limited as a wholly owned subsidiary to facilitate power evacuation from Rajasthan. This move aligns with REC's growth strategy in the renewable energy sector.
REC Ltd Establishes New Subsidiary for Power Project - 15 Aug, 2024
REC Ltd has incorporated Rajasthan IV 4B Power Transmission Ltd to enhance power infrastructure in Rajasthan's Renewable Energy Zone, following a directive from the Ministry of Power. The new subsidiary aims to facilitate the evacuation of 3.5 GW of renewable energy and reflects REC's strong financial performance, with a 16% increase in net profit reported for Q1 FY2024-25.
REC Ltd Declares Interim Dividend for FY25 - 09 Aug, 2024
REC Ltd has declared a 35% interim dividend of Rs 3.50 per share for FY25, with an ex-date and record date on August 9. The stock has shown positive returns of 9.60% over the last three months and 37.94% year-to-date.
LIC Invests in REC Amid Strong Financials - 08 Aug, 2024
Life Insurance Corporation of India invested Rs.1,485 crore in Rural Electrification Corporation during the June quarter of 2024, which reported an 18% revenue increase and 17% profit rise year-on-year.
Insights on REC Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTRevenue Rich
Revenue is up for the last 7 quarters, 9.79K Cr → 13.09K Cr (in ₹), with an average increase of 4.7% per quarter
- POSITIVE IMPACT
Retail Holding Up
Retail Investor have increased holdings from 11.95% to 12.20% in Jun 2024 quarter
- POSITIVE IMPACT
Price Rise
In the last 1 year, RECLTD stock has moved up by 147.4%
- POSITIVE IMPACT
FII Holding Up
Foreign Institutions have increased holdings from 19.92% to 20.43% in Jun 2024 quarter
NO EFFECTAgainst Peers
In the last 1 year, Power Finance Corporation Ltd has given 150.7% return, outperforming this stock by 3.4%
- NO EFFECT
Promoter Holding Unchanged
Promoters holdings remained unchanged at 52.63% of holdings in Jun 2024 quarter
- NO EFFECT
Against Peers
In the last 3 years, Indian Railway Finance Corporation Ltd has given 638.5% return, outperforming this stock by 201.6%
NEGATIVE IMPACTMF Holding Down
Mutual Funds have decreased holdings from 9.49% to 9.11% in Jun 2024 quarter
- NEGATIVE IMPACT
Profit Down
Netprofit is down for the last 2 quarters, 4.07K Cr → 3.46K Cr (in ₹), with an average decrease of 15.2% per quarter
Company Financials
Index Inclusions
Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 52.63% | 0.00 | |
| Foreign Institutions | 20.43% | 2.58 | |
| Mutual Funds | 9.11% | ||
| Retail Investors | 12.2% | 2.09 | |
| Others | 5.62% |
Key Indicators
REC Ltd Valuation
REC Ltd in the last 5 years
Lowest (2.51x)
June 20, 2022
Today (10.95x)
September 6, 2024
Industry (28.53x)
September 6, 2024
Highest (11.65x)
July 11, 2024
Earnings and Dividends
REC Ltd Earnings Results
REC Ltd’s net profit jumped 16.58% since last year same period to ₹3,460.19Cr in the Q1 2024-2025. On a quarterly growth basis, REC Ltd has generated -15.17% fall in its net profits since last 3-months.
Read More about Earnings ResultsREC Ltd Dividends July,2024
In the quarter ending June 2024, REC Ltd has declared dividend of ₹3.50 - translating a dividend yield of 2.72%.
Read More about Dividends
Technicals Summary
Bearish
Neutral
Bullish
REC Ltd is currently in a Bullish trading position according to technical analysis indicators.
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REC Ltd (RECLTD) share price today is ₹607.45
REC Ltd is listed on NSE
REC Ltd is listed on BSE
- Today’s highest price of REC Ltd is ₹630.9.
- Today’s lowest price of REC Ltd is ₹604.
PE Ratio of REC Ltd is 10.95
PE ratio = REC Ltd Market price per share / REC Ltd Earnings per share
Today’s traded volume of REC Ltd(RECLTD) is 80.75L.
Today’s market capitalisation of REC Ltd(RECLTD) is ₹166051.11Cr.
| REC Ltd(RECLTD | Price |
|---|---|
52 Week High | ₹654 |
52 Week Low | ₹233.65 |
REC Ltd(RECLTD) share price is ₹607.45. It is down -7.12% from its 52 Week High price of ₹654
REC Ltd(RECLTD) share price is ₹607.45. It is up 159.98% from its 52 Week Low price of ₹233.65
| REC Ltd(RECLTD | Returns |
|---|---|
1 Day Returns | -23.15% |
1 Month Returns | 2.88% |
3 Month Returns | 22.27% |
1 Year Returns | 147.38% |