REC Future Growth

Future criteria checks 2/6

REC is forecast to grow earnings and revenue by 10.9% and 12% per annum respectively. EPS is expected to grow by 10.7% per annum. Return on equity is forecast to be 19.6% in 3 years.

Key information

10.9%

Earnings growth rate

10.7%

EPS growth rate

Diversified Financial earnings growth	16.2%
Revenue growth rate	12.0%
Future return on equity	19.6%
Analyst coverage	Good
Last updated	02 Jul 2024

Recent future growth updates

Recent updates

REC Limited's (NSE:RECLTD) Share Price Boosted 26% But Its Business Prospects Need A Lift Too

Jul 12

Improved Earnings Required Before REC Limited (NSE:RECLTD) Stock's 26% Jump Looks Justified

May 25

REC Limited's (NSE:RECLTD) Business And Shares Still Trailing The Market

Apr 08

Is Now The Time To Put REC (NSE:RECLTD) On Your Watchlist?

Mar 12

REC Limited's (NSE:RECLTD) Share Price Boosted 27% But Its Business Prospects Need A Lift Too

Dec 18

Earnings and Revenue Growth Forecasts

NSEI:RECLTD - Analysts future estimates and past financials data (INR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2027	272,136	196,894	N/A	N/A	3
3/31/2026	238,823	174,548	N/A	N/A	6
3/31/2025	207,124	155,834	N/A	N/A	6
3/31/2024	189,489	141,122	-577,568	-577,226	N/A
12/31/2023	175,291	130,984	-722,933	-722,691	N/A
9/30/2023	171,286	127,054	-622,221	-621,969	N/A
6/30/2023	160,270	116,476	N/A	N/A	N/A
3/31/2023	156,667	111,337	-373,775	-373,598	N/A
12/31/2022	151,213	103,688	-148,803	-148,626	N/A
9/30/2022	148,718	102,269	-27,215	-27,059	N/A
6/30/2022	153,405	101,871	-12,515	-12,327	N/A
3/31/2022	137,999	100,016	-8,718	-8,185	N/A
12/31/2021	126,671	98,122	-191,139	-190,573	N/A
9/30/2021	126,061	92,967	-276,461	-275,518	N/A
6/30/2021	107,247	88,016	N/A	N/A	N/A
3/31/2021	117,056	83,782	-436,086	-435,123	N/A
12/31/2020	112,669	67,744	-392,498	-391,240	N/A
9/30/2020	105,728	61,832	-384,093	-383,147	N/A
6/30/2020	107,215	53,086	N/A	N/A	N/A
3/31/2020	101,067	49,723	-325,576	-324,416	N/A
12/31/2019	102,322	57,509	-306,517	-305,357	N/A
9/30/2019	87,385	53,681	-359,770	-358,563	N/A
6/30/2019	94,878	57,784	N/A	N/A	N/A
3/31/2019	97,813	57,414	-359,681	-358,658	N/A
3/31/2018	93,327	44,505	-325,960	-325,098	N/A
3/31/2017	98,935	63,134	N/A	68,045	N/A
3/31/2016	94,644	56,914	N/A	-132,780	N/A
3/31/2015	81,976	53,444	N/A	-238,982	N/A
3/31/2014	72,532	47,413	N/A	-172,436	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: RECLTD's forecast earnings growth (10.9% per year) is above the savings rate (6.7%).

Earnings vs Market: RECLTD's earnings (10.9% per year) are forecast to grow slower than the Indian market (15.9% per year).

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

Revenue vs Market: RECLTD's revenue (12% per year) is forecast to grow faster than the Indian market (9.7% per year).

High Growth Revenue: RECLTD's revenue (12% 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 (19.6%).

REC Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Price target increased by 7.5% to ₹587

Price target increased by 12% to ₹546

Price target increased by 16% to ₹219

Price target increased by 11% to ₹181

Price target increased by 8.9% to ₹164

Price target increased to ₹153

Recent updates

REC Limited's (NSE:RECLTD) Share Price Boosted 26% But Its Business Prospects Need A Lift Too

New major risk - Share price stability

Investor sentiment deteriorates as stock falls 22%

REC Limited Appoints Harsh Baweja as Chief Financial Officer

REC Limited Appoints Harsh Baweja as Chief Financial Officer

Improved Earnings Required Before REC Limited (NSE:RECLTD) Stock's 26% Jump Looks Justified

REC Limited Announces the Promotion of J.K. Nayak as Executive Director

REC Limited Appoints Shri Harsh Baweja as Director (Finance)

Price target increased by 7.5% to ₹587

26 Companies Reportedly Queue Up for KSK Mahanadi Power Project

26 Companies Reportedly Queue Up for KSK Mahanadi Power Project

26 Companies Reportedly Queue Up for KSK Mahanadi Power Project

Full year 2024 earnings released: EPS: ₹53.59 (vs ₹42.28 in FY 2023)

REC Limited Recommends Final Dividend for the Financial Year 2023-24

REC Limited to Report Q4, 2024 Results on Apr 30, 2024

Price target increased by 12% to ₹546

REC Limited's (NSE:RECLTD) Business And Shares Still Trailing The Market

REC Limited Approves Third Interim Dividend, Payable on or Before April 17, 2024

Is Now The Time To Put REC (NSE:RECLTD) On Your Watchlist?

REC Limited Announces Change in Directorate

REC Limited Announces Promotion of Prabhat Kumar Singh as Executive Director of the Company

Third quarter 2024 earnings released: EPS: ₹12.57 (vs ₹11.07 in 3Q 2023)

REC Limited to Report Q3, 2024 Results on Jan 23, 2024

REC Limited Announces Announcement Change in Management

REC Limited's (NSE:RECLTD) Share Price Boosted 27% But Its Business Prospects Need A Lift Too

Does REC (NSE:RECLTD) Deserve A Spot On Your Watchlist?

Investor sentiment improves as stock rises 15%

REC Limited Announces Cessation of Swati Gupta as Executive Director

Upcoming dividend of ₹3.50 per share at 4.6% yield

Second quarter 2024 earnings released: EPS: ₹14.39 (vs ₹10.38 in 2Q 2023)

REC Limited Promotes Swati Gupta to Executive Director of the Company

REC Limited Approves Second Interim Dividend for the Financial Year 2023-24, Payable on November 30, 2023

REC Limited to Report Q2, 2024 Results on Nov 01, 2023

REC Limited Announces Board Changes

Here's Why We Think REC (NSE:RECLTD) Is Well Worth Watching

Rec Limited Appoints Shashank Misra as Director (Government Nominee)

REC Limited, Annual General Meeting, Sep 06, 2023

Price target increased by 16% to ₹219

Upcoming dividend of ₹3.00 per share at 5.0% yield

REC Limited Declares Interim Dividend for the Financial Year 2023-24, Payable on or Before August 24, 2023

First quarter 2024 earnings released: EPS: ₹11.27 (vs ₹9.32 in 1Q 2023)

REC Limited and Power Finance Corporation Limited Announces Board Changes

REC Limited to Report Q1, 2024 Results on Jul 26, 2023

Rec Limited Announces Executive Changes

REC (NSE:RECLTD) Has Affirmed Its Dividend Of ₹4.50

REC Limited Recommends Final Dividend for the Financial Year 2022·23

Price target increased by 11% to ₹181

REC Approves Appointment of Shri Hemant Kumar as Chief Compliance Officer

Full year 2023 earnings released: EPS: ₹42.28 (vs ₹38.11 in FY 2022)

REC Limited to Report Fiscal Year 2023 Results on May 17, 2023

Upcoming dividend of ₹3.25 per share at 7.0% yield

Price target increased by 8.9% to ₹164

REC Limited Declares Second Interim Dividend for the Financial Year 2022-23, Payable on February 28, 2023

REC Limited to Report Q3, 2023 Results on Jan 30, 2023

PFC Limited, REC Limited, SJVN Limited and DVC Limited made an offer to acquire Lanco Amarkantak Power Limited from Lanco Infratech Limited for approximately $360 million.

Less than half of directors are independent

REC (NSE:RECLTD) Is Increasing Its Dividend To ₹5.00

Upcoming dividend of ₹5.00 per share

Second quarter 2023 earnings released: EPS: ₹10.38 (vs ₹10.22 in 2Q 2022)

REC Limited Approves Declaration of Interim Dividend for the Financial Year 2022-2023, Payable on November 24, 2022

REC Limited to Report Q2, 2023 Results on Oct 27, 2022

Price target increased to ₹153

REC Limited Appoints Piyush Singh on the Board

REC Limited, Annual General Meeting, Sep 16, 2022

First quarter 2023 earnings released: EPS: ₹12.43 (vs ₹11.49 in 1Q 2022)

REC Limited to Report Q1, 2023 Results on Aug 04, 2022

REC Limited Appoints Vijay Kumar Singh as Director (Technical) on the Board of the Company

REC Reportedly Suggests for Selling PFC Stake in Co to PGCIL

G R Infraprojects Limited (BSE:543317) completed the acquisition of Rajgarh Transmission Limited from REC Limited (NSEI:RECLTD).