REC (RECLTD) Stock Overview
Engages in the provision of financing services for power generation, transmission, and distribution projects in India. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 3/6 |
| Dividends | 5/6 |
Rewards
Risk Analysis
RECLTD Community Fair Values
Create NarrativeSee what 110 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
REC Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₹343.90 |
| 52 Week High | ₹428.70 |
| 52 Week Low | ₹304.05 |
| Beta | 0.34 |
| 1 Month Change | -4.31% |
| 3 Month Change | 6.01% |
| 1 Year Change | -17.13% |
| 3 Year Change | 130.73% |
| 5 Year Change | 184.10% |
| Change since IPO | 656.03% |
Recent News & Updates
RECLTD: Proposed Merger Will Drive Future Returns And Support Bullish Stance
Analysts have kept the REC fair value estimate steady at ₹380 while updating assumptions for discount rate, revenue growth, profit margin and future P/E. This reflects a refined view of the stock's risk and earnings profile without changing the headline price target.
RECLTD: Higher Discount Rate Assumptions Will Support Bullish Long Term Outlook
REC's latest Narrative Update reflects a steady analyst fair value target at ₹500. The change is primarily rooted in higher assumed discount rates and a more conservative revenue growth outlook, which is partly offset by expectations of a higher future P/E multiple.
RECLTD: Proposed Merger And New Finance Leadership Will Support Future Upside Potential
REC's analyst price target has shifted from ₹464.23 to ₹450.00, with analysts linking the adjustment to slightly revised assumptions around discount rate, revenue growth, profit margin, and forward P/E expectations. What's in the News The Ministry of Power has appointed Shri Rajesh Kumar as Director (Finance) and Chief Financial Officer for five years, effective from his assumption of charge.RECLTD: Proposed Merger And Borrowing Plan Will Support Bullish Outlook
Analysts have lifted their price target on REC slightly, from ₹374.32 to ₹380.00, reflecting updated assumptions around revenue growth, profit margins and forward P/E multiples. What's in the News A board meeting is scheduled on March 25, 2026 to consider REC's market borrowing programme for the financial year 2026-27, which affects how the company plans to fund its lending and operations (Board Meeting).Recent updates
RECLTD: Proposed Merger Will Drive Future Returns And Support Bullish Stance
Analysts have kept the REC fair value estimate steady at ₹380 while updating assumptions for discount rate, revenue growth, profit margin and future P/E. This reflects a refined view of the stock's risk and earnings profile without changing the headline price target.RECLTD: Higher Discount Rate Assumptions Will Support Bullish Long Term Outlook
REC's latest Narrative Update reflects a steady analyst fair value target at ₹500. The change is primarily rooted in higher assumed discount rates and a more conservative revenue growth outlook, which is partly offset by expectations of a higher future P/E multiple.RECLTD: Proposed Merger And New Finance Leadership Will Support Future Upside Potential
REC's analyst price target has shifted from ₹464.23 to ₹450.00, with analysts linking the adjustment to slightly revised assumptions around discount rate, revenue growth, profit margin, and forward P/E expectations. What's in the News The Ministry of Power has appointed Shri Rajesh Kumar as Director (Finance) and Chief Financial Officer for five years, effective from his assumption of charge.RECLTD: Proposed Merger And Borrowing Plan Will Support Bullish Outlook
Analysts have lifted their price target on REC slightly, from ₹374.32 to ₹380.00, reflecting updated assumptions around revenue growth, profit margins and forward P/E multiples. What's in the News A board meeting is scheduled on March 25, 2026 to consider REC's market borrowing programme for the financial year 2026-27, which affects how the company plans to fund its lending and operations (Board Meeting).RECLTD: Proposed Merger Decision Will Shape Bullish Outlook For Shares
Analysts have trimmed their price target on REC from around ₹394 to about ₹374, reflecting slightly more cautious assumptions on revenue growth and future P/E, while acknowledging modestly better profit margin expectations. What's in the News Board meeting scheduled on March 25, 2026 to consider the market borrowing programme for FY 2026-27, which will shape REC's funding mix for the coming year.RECLTD: Merger With PFC And Governance Changes Will Support Bullish Outlook
Analysts have trimmed their price target on REC from ₹555.00 to ₹500.00, citing updated assumptions that include revised fair value, discount rate, revenue growth, profit margin, and future P/E expectations. What's in the News The power ministry has set up two panels, a working group and a high level committee, to study and oversee the proposed merger of Power Finance Corporation and REC, covering personnel integration, organizational restructuring, technology integration and regulatory approvals (M&A rumors and discussions, Feb 19, 2026).RECLTD: Proposed Merger With Peer Will Support Future Upside Potential
Analysts have trimmed their price target on REC from ₹475.00 to about ₹464.23, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E that slightly adjust their valuation framework. What's in the News The power ministry on 19 February 2026 set up two panels to study the modalities of a proposed merger between Power Finance Corporation and REC, and to oversee restructuring across personnel, corporate structure, and technology integration (Mint, via ministry office orders).RECLTD: EESL Listing Talks And Board Review Will Shape A Measured Outlook
Analysts have trimmed their price target for REC to ₹394.49 from ₹450, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E, which point to a more measured outlook on the stock's potential. What's in the News REC has scheduled a board meeting for January 29, 2026 at 11:30 Indian Standard Time to consider and approve unaudited financial results for the quarter and nine months ended December 31, 2025, along with other matters (company filing).RECLTD: Upcoming Board Results And EESL IPO Plans Will Support Upside
Analysts have trimmed their price target on REC from ₹491.14 to ₹475.00, reflecting slightly more conservative assumptions on revenue growth, profit margins, and future P/E multiples in their updated models. What's in the News REC has scheduled a board meeting on January 29, 2026, to consider and approve its unaudited financial results for the quarter and nine months ended December 31, 2025 (company filing).RECLTD: EESL Listing Prospects Will Support Bullish Outlook Despite Fines
Analysts have trimmed their price target on REC from ₹619.42 to ₹555.00, reflecting updated assumptions that include a slightly lower discount rate, more conservative expectations for revenue growth and profit margins, and a reduced future P/E multiple. What's in the News Energy Efficiency Services Ltd.RECLTD: Upcoming Dividend Decision Will Support Continued Bullish Momentum
Analysts have modestly reduced their price target on REC to approximately ₹491 from about ₹497, citing slightly softer long term revenue growth and profit margin assumptions that are only partially offset by a marginally richer future valuation multiple. What's in the News A board meeting is scheduled for October 17, 2025, to review unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, and to consider the declaration of a second interim dividend (Key Developments).REC Limited's (NSE:RECLTD) Low P/E No Reason For Excitement
When close to half the companies in India have price-to-earnings ratios (or "P/E's") above 26x, you may consider REC...RECLTD: Board Restructuring And Dividend Decision Will Support Bullish Momentum
Analysts have maintained their fair value estimate for REC at ₹496.5, with only minor adjustments to discount rate and valuation metrics. They cite consistent company fundamentals as the reason for this decision.RECLTD: Upcoming Board Changes And Dividend Review Will Drive Investor Focus
Analysts have maintained REC's fair value estimate at ₹496.5. They cite a consistent outlook and unchanged key financial projections in their latest update. What's in the News A board meeting is scheduled for October 17, 2025, to review unaudited financial results for the quarter and half year ending September 30, 2025.RECLTD: Upcoming Board Actions And Dividend Consideration Will Drive Investor Attention
Analysts have slightly lowered their price target for REC from $506.14 to $496.50, noting modest changes in the company's risk assumptions and profitability outlook. What's in the News Board meeting scheduled on October 17, 2025, to review unaudited financial results for the quarter and half-year ending September 30, 2025.India's Energy Transition And Expanding Infrastructure Will Create Lasting Opportunities
Analysts have lowered their price target for REC from $514.71 to $506.14. The change is due to reduced expectations for revenue growth and a slight decrease in forecasted profit margins.Earnings Working Against REC Limited's (NSE:RECLTD) Share Price
When close to half the companies in India have price-to-earnings ratios (or "P/E's") above 28x, you may consider REC...
Diversifying Energy Investments And Decisive Lending Propel Financial Success
REC's operational autonomy and strategic position in key sectors enable growth through strategic investments, enhancing revenue and margins.Shareholder Returns
| RECLTD | IN Diversified Financial | IN Market | |
|---|---|---|---|
| 7D | 1.9% | -1.0% | -0.8% |
| 1Y | -17.1% | -14.4% | -2.9% |
Return vs Industry: RECLTD underperformed the Indian Diversified Financial industry which returned -14.4% over the past year.
Return vs Market: RECLTD underperformed the Indian Market which returned -2.9% over the past year.
Price Volatility
| RECLTD volatility | |
|---|---|
| RECLTD Average Weekly Movement | 4.9% |
| Diversified Financial Industry Average Movement | 5.9% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in IN Market | 10.2% |
| 10% least volatile stocks in IN Market | 4.8% |
Stable Share Price: RECLTD has not had significant price volatility in the past 3 months compared to the Indian market.
Volatility Over Time: RECLTD's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1969 | n/a | Jitendra Srivastava | www.recindia.nic.in |
REC Limited, together with its subsidiaries, engages in the provision of financing services for power generation, transmission, and distribution projects in India. The company primarily offers long, medium, and short-terms loans; debt refinancing, equity financing, financing of equipment manufacturing for power sector and coal mines; policy for funding against regulatory assets, and revolving bill payment facility services; and provides letter of undertaking in lieu of bank guarantee, etc. It also acts as a nodal agency for the implementation of Pradhan Mantri Sahaj Bijli Har Ghar Yojana, Pradhan Mantri Surya Ghar Muft Bujli Yojana, Deen Dayal Upadhyaya Gram Jyoti Yojana, and National Electricity Fund. In addition, the company acts as the bid process coordinator for selection of transmission service provider through tariff based competitive bidding process for independent inter-state and intra-state transmission projects; provides project implementation and consultancy services in power sector; and operates National Feeder Monitoring System, a cloud-based IT and analytical platform, designed to monitor the reliability and quality of power.
REC Limited Fundamentals Summary
| RECLTD fundamental statistics | |
|---|---|
| Market cap | ₹905.57b |
| Earnings (TTM) | ₹163.08b |
| Revenue (TTM) | ₹231.15b |
Is RECLTD overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| RECLTD income statement (TTM) | |
|---|---|
| Revenue | ₹231.15b |
| Cost of Revenue | ₹3.17b |
| Gross Profit | ₹227.98b |
| Other Expenses | ₹64.90b |
| Earnings | ₹163.08b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 61.93 |
| Gross Margin | 98.63% |
| Net Profit Margin | 70.55% |
| Debt/Equity Ratio | 607.5% |
How did RECLTD perform over the long term?
See historical performance and comparisonDividends
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/07 22:31 |
| End of Day Share Price | 2026/06/05 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
REC Limited is covered by 36 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Pradeep Agrawal | 360 ONE Capital Market Private Limited |
| Saurabh Mukherjea | Ambit Capital |
| null null | Anand Rathi Shares and Stock Brokers Limited |