REC Limited

NSEI:RECLTD Stock Report

Market Cap: ₹951.6b

REC Future Growth

Future criteria checks 0/6

REC is forecast to grow earnings and revenue by 5.6% and 8% per annum respectively. EPS is expected to grow by 5.7% per annum. Return on equity is forecast to be 18.7% in 3 years.

Key information

5.6%

Earnings growth rate

5.68%

EPS growth rate

Diversified Financial earnings growth18.0%
Revenue growth rate8.0%
Future return on equity18.70%
Analyst coverage

Good

Last updated31 Oct 2025

Recent future growth updates

Recent updates

Earnings Working Against REC Limited's (NSE:RECLTD) Share Price

Aug 31
Earnings Working Against REC Limited's (NSE:RECLTD) Share Price

REC Limited's (NSE:RECLTD) Low P/E No Reason For Excitement

Apr 26
REC Limited's (NSE:RECLTD) Low P/E No Reason For Excitement

REC (NSE:RECLTD) Has Announced That Its Dividend Will Be Reduced To ₹3.60

Mar 22
REC (NSE:RECLTD) Has Announced That Its Dividend Will Be Reduced To ₹3.60

Here's Why We Think REC (NSE:RECLTD) Might Deserve Your Attention Today

Dec 23
Here's Why We Think REC (NSE:RECLTD) Might Deserve Your Attention Today

Investors Don't See Light At End Of REC Limited's (NSE:RECLTD) Tunnel

Nov 26
Investors Don't See Light At End Of REC Limited's (NSE:RECLTD) Tunnel
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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.

Earnings and Revenue Growth Forecasts

NSEI:RECLTD - Analysts future estimates and past financials data (INR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/2028284,464197,247N/AN/A8
3/31/2027255,374181,886N/AN/A12
3/31/2026229,271170,051N/AN/A12
9/30/2025237,415172,337-150,614-149,703N/A
6/30/2025215,939168,565N/AN/AN/A
3/31/2025213,528158,509-391,500-390,641N/A
12/31/2024214,275156,200-493,669-492,937N/A
9/30/2024202,446148,521-541,610-541,089N/A
6/30/2024200,041146,043-575,326-574,863N/A
3/31/2024189,316141,122-577,568-577,226N/A
12/31/2023175,080130,984-722,933-722,691N/A
9/30/2023171,082127,054-622,221-621,969N/A
6/30/2023160,514116,476-548,135-547,914N/A
3/31/2023156,510111,337-373,775-373,598N/A
12/31/2022151,213103,688-148,803-148,626N/A
9/30/2022148,735102,269-27,215-27,059N/A
6/30/2022153,422101,871-12,515-12,327N/A
3/31/2022137,999100,016-8,718-8,185N/A
12/31/2021126,67198,122-191,139-190,573N/A
9/30/2021126,06192,967-276,461-275,518N/A
6/30/2021107,24788,016N/AN/AN/A
3/31/2021117,05683,782-436,086-435,123N/A
12/31/2020112,66967,744-392,498-391,240N/A
9/30/2020105,72861,832-384,093-383,147N/A
6/30/2020107,21553,086N/AN/AN/A
3/31/2020101,06749,723-325,576-324,416N/A
12/31/2019102,32257,509-306,517-305,357N/A
9/30/201987,38553,681-359,770-358,563N/A
6/30/201994,87857,784N/AN/AN/A
3/31/201997,81357,414N/A-358,658N/A
3/31/201893,32744,505N/A-325,098N/A
3/31/201798,93563,134N/A68,045N/A
3/31/201694,64456,914N/A-132,780N/A
3/31/201581,97653,444N/A-238,982N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: RECLTD's forecast earnings growth (5.6% per year) is below the savings rate (6.8%).

Earnings vs Market: RECLTD's earnings (5.6% per year) are forecast to grow slower than the Indian market (16.7% per year).

High Growth Earnings: RECLTD's earnings are forecast to grow, but not significantly.

Revenue vs Market: RECLTD's revenue (8% per year) is forecast to grow slower than the Indian market (10.8% per year).

High Growth Revenue: RECLTD's revenue (8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: RECLTD's Return on Equity is forecast to be low in 3 years time (18.7%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/17 00:52
End of Day Share Price 2025/11/17 00:00
Earnings2025/09/30
Annual Earnings2025/03/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 39 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Saurabh MukherjeaAmbit Capital
null nullAnand Rathi Shares and Stock Brokers Limited
Clyton FernandesAnand Rathi Shares and Stock Brokers Limited