REC Management
Management criteria checks 1/4
We currently do not have sufficient information about the CEO.
Key information
Vivek Dewangan
Chief executive officer
₹4.0m
Total compensation
| CEO salary percentage | 96.8% |
| CEO tenure | 2.6yrs |
| CEO ownership | n/a |
| Management average tenure | 1.2yrs |
| Board average tenure | 1.4yrs |
Recent management updates
Recent updates
Investors Don't See Light At End Of REC Limited's (NSE:RECLTD) Tunnel
Nov 26
REC's (NSE:RECLTD) Dividend Will Be Increased To ₹4.00
Oct 31Here's Why REC (NSE:RECLTD) Has Caught The Eye Of Investors
Sep 23REC (NSE:RECLTD) Is Due To Pay A Dividend Of ₹3.50
Aug 01REC Limited's (NSE:RECLTD) Share Price Boosted 26% But Its Business Prospects Need A Lift Too
Jul 12Improved Earnings Required Before REC Limited (NSE:RECLTD) Stock's 26% Jump Looks Justified
May 25REC Limited's (NSE:RECLTD) Business And Shares Still Trailing The Market
Apr 08Is Now The Time To Put REC (NSE:RECLTD) On Your Watchlist?
Mar 12CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | ₹149b |
| Jun 30 2024 | n/a | n/a | ₹146b |
| Mar 31 2024 | ₹4m | ₹4m | ₹141b |
| Dec 31 2023 | n/a | n/a | ₹131b |
| Sep 30 2023 | n/a | n/a | ₹127b |
| Jun 30 2023 | n/a | n/a | ₹116b |
| Mar 31 2023 | ₹3m | ₹3m | ₹111b |
Compensation vs Market: Vivek's total compensation ($USD47.50K) is below average for companies of similar size in the Indian market ($USD1.05M).
Compensation vs Earnings: Vivek's compensation has increased by more than 20% in the past year.
CEO
Vivek Dewangan (57 yo)
2.6yrs
Tenure
₹4,035,473
Compensation
Mr. Vivek Kumar Dewangan, IAS, serves as Chairman and Managing Director at REC Limited since May 17, 2022 and served as its Director of Finance since February 1, 2024 until May 15, 2024. He served as Direc...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 2.6yrs | ₹4.04m | no data | |
| Director of Projects & Director | 1.3yrs | ₹9.69m | no data | |
| CFO, Director of Finance & Executive Director | less than a year | no data | 0.00026% ₹ 3.5m | |
| Head of Internal Audit Function and GM of Finance & Accounts | no data | no data | no data | |
| Nodal Officer | 12.3yrs | ₹8.44m | no data | |
| Chief Compliance Officer | 1.6yrs | no data | no data | |
| Executive Director of Finance & HR | no data | no data | no data | |
| Executive Director | 1.2yrs | no data | no data | |
| Executive Director of Finance & CEO of RECPDCL | no data | no data | no data | |
| Chief Vigilance Officer | no data | no data | no data | |
| Executive Director of PMD | no data | no data | no data | |
| Executive Director | less than a year | no data | no data |
1.2yrs
Average Tenure
58yo
Average Age
Experienced Management: RECLTD's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 2.6yrs | ₹4.04m | no data | |
| Director of Projects & Director | 2.4yrs | ₹9.69m | no data | |
| CFO, Director of Finance & Executive Director | less than a year | no data | 0.00026% ₹ 3.5m | |
| Chief Risk Officer & Executive Director | less than a year | no data | no data | |
| Executive Director | no data | no data | no data | |
| Part-Time Non-Official Independent Director | 3yrs | ₹1.06m | no data | |
| Part Time Non-Official Independent Director | 1.8yrs | ₹790.00k | no data | |
| Nominee Director | 1.4yrs | ₹500.00k | no data | |
| Government Nominee Director | 1.3yrs | no data | no data |
1.4yrs
Average Tenure
58yo
Average Age
Experienced Board: RECLTD's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 23:53 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
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 |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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 here.
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 .
Analyst Sources
REC Limited is covered by 37 analysts. 9 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 |
|---|---|
| Saurabh Mukherjea | Ambit Capital |
| null null | Anand Rathi Shares and Stock Brokers Limited |
| Clyton Fernandes | Anand Rathi Shares and Stock Brokers Limited |