NSE RECLTD · BSE 532955 · Misc. Financial Services · NIFTY 500
REC Share Price
REC Overview
Where the price stands, how it has moved and how it sits against its averages.
REC shares last traded at ₹308.25 on the NSE, down 1.28% on the day. That is 21.0% below the 52-week high of ₹390.40 and 1.4% above the 52-week low of ₹304.10. Its market value is ₹81,103 Cr.
Price returns
Shading grows with the size of the move. Prices refresh every 15 minutes while the market is open (9:15 AM–3:30 PM IST); next update from Mon 28 Sep, 9:15 AM.
Moving averages — price is above 0 of 6
- 300-day average₹349.09 ▼ price 11.7% below
- 100-day average₹344.72 ▼ price 10.6% below
- 50-day average₹339.23 ▼ price 9.1% below
- 20-day average₹315.99 ▼ price 2.4% below
- 10-day average₹311.98 ▼ price 1.2% below
- 5-day average₹310.49 ▼ price 0.7% below
- Today's price₹308.25
Averages above today's price sit higher on the ladder. Price above most of its averages is usually read as an upward trend.
REC Financial Results
Revenue and net profit in ₹ crore, with the full statements underneath.
Year by year
| Fiscal year | Revenue | Growth | Net profit | Net margin | EPS | Dividend |
|---|---|---|---|---|---|---|
| FY 2026 | ₹59,585 Cr | ▲ +5.7% | ₹16,308 Cr | 27.4% | ₹61.93 | ₹18.55 |
| FY 2025 | ₹56,368 Cr | ▲ +18.6% | ₹15,884 Cr | 28.2% | ₹60.32 | ₹18.00 |
| FY 2024 | ₹47,517 Cr | ▲ +20.3% | ₹14,145 Cr | 29.8% | ₹53.72 | ₹16.00 |
| FY 2023 | ₹39,486 Cr | ▲ +1.4% | ₹11,167 Cr | 28.3% | ₹42.41 | ₹12.60 |
| FY 2022 | ₹38,929 Cr | ▲ +11.3% | ₹10,036 Cr | 25.8% | ₹38.11 | ₹11.48 |
| FY 2021 | ₹34,983 Cr | ▲ +16.9% | ₹8,378 Cr | 23.9% | ₹31.82 | ₹9.53 |
| FY 2020 | ₹29,936 Cr | — | ₹4,972 Cr | 16.6% | ₹18.88 | ₹8.25 |
Quarter by quarter
| Quarter | Revenue | vs prev. qtr | Net profit | Net margin | EPS |
|---|---|---|---|---|---|
| Q1 FY27 | ₹14,435 Cr | ▼ −1.6% | ₹4,193 Cr | 29.0% | ₹15.92 |
| Q4 FY26 | ₹14,676 Cr | ▼ −2.3% | ₹3,375 Cr | 23.0% | ₹12.81 |
| Q3 FY26 | ₹15,018 Cr | ▼ −0.9% | ₹4,052 Cr | 27.0% | ₹15.39 |
| Q2 FY26 | ₹15,153 Cr | ▲ +2.8% | ₹4,415 Cr | 29.1% | ₹16.77 |
| Q1 FY26 | ₹14,737 Cr | ▼ −4.0% | ₹4,466 Cr | 30.3% | ₹16.96 |
| Q4 FY25 | ₹15,352 Cr | ▲ +8.2% | ₹4,310 Cr | 28.1% | ₹16.37 |
| Q3 FY25 | ₹14,188 Cr | ▲ +3.7% | ₹4,076 Cr | 28.7% | ₹15.48 |
| Q2 FY25 | ₹13,685 Cr | — | ₹4,038 Cr | 29.5% | ₹15.33 |
Balance sheet — FY26
- Total assets₹6,40,158 Cr
- Total liabilities₹5,55,104 Cr
- Shareholders' equity₹85,054 Cr
- Total debt₹5,14,750 Cr
- Cash & investments₹293 Cr
Cash flow — FY26
Right of the line = cash coming in, left = cash going out. Free cash flow = cash from operations minus capital spending.
Full financial statements, FY20–FY26
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Total revenue | 29,936.16 | 34,983.12 | 38,929.05 | 39,485.99 | 47,517.08 | 56,367.89 | 59,584.64 |
| Cost of revenue | 19,088.35 | 21,587.51 | 22,132.80 | 23,803.68 | 30,140.06 | 34,307.57 | 36,554.90 |
| Gross profit | 10,847.81 | 13,395.61 | 16,796.25 | 15,682.31 | 17,377.02 | 22,060.32 | 23,029.74 |
| Operating expenses | 20,600.77 | 24,459.55 | 26,096.84 | 24,488.99 | 29,425.20 | 36,085.68 | 37,600.20 |
| Operating income | 9,335.39 | 10,523.57 | 12,832.21 | 14,997.00 | 18,091.88 | 20,282.21 | 21,984.44 |
| Depreciation | 11.77 | 10.86 | 18.24 | 24.26 | 23.99 | 24.30 | 27.02 |
| Profit before tax | 7,029.98 | 10,779.59 | 12,430.53 | 13,897.67 | 17,959.94 | 20,117.47 | 20,766.33 |
| Tax | 2,057.71 | 2,401.35 | 2,394.83 | 2,730.69 | 3,814.48 | 4,233.24 | 4,458.16 |
| Net profit | 4,972.27 | 8,378.24 | 10,035.70 | 11,166.98 | 14,145.46 | 15,884.23 | 16,308.17 |
| EPS (₹) | 18.88 | 31.82 | 38.11 | 42.41 | 53.72 | 60.32 | 61.93 |
| Dividend per share (₹) | 8.25 | 9.53 | 11.48 | 12.60 | 16.00 | 18.00 | 18.55 |
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Total assets | 3,47,030.08 | 4,00,866.87 | 4,10,860.09 | 4,65,502.75 | 5,48,191.09 | 6,14,501.83 | 6,40,158.00 |
| Current assets | — | — | — | — | — | — | — |
| Cash & short-term investments | 1,717.71 | 1,179.24 | 140.99 | 48.70 | 262.75 | 233.57 | 293.39 |
| Inventory | — | — | — | — | — | — | — |
| Property, plant & equipment | 444.59 | 596.37 | 630.11 | 641.89 | 654.57 | 702.00 | 740.22 |
| Total liabilities | 3,11,631.17 | 3,57,101.75 | 3,59,545.99 | 4,07,382.24 | 4,78,840.84 | 5,36,125.77 | 5,55,103.59 |
| Current liabilities | — | — | — | — | — | — | — |
| Total debt | 2,86,327.69 | 3,29,773.13 | 3,33,064.68 | 3,80,815.42 | 4,45,589.92 | 4,96,269.58 | 5,14,749.62 |
| Total equity | 35,398.91 | 43,765.12 | 51,314.10 | 58,120.51 | 69,350.25 | 78,376.06 | 85,054.41 |
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| From operations | −32,711.91 | −43,512.33 | −818.53 | −37,359.77 | −57,722.64 | −39,064.08 | 5,971.57 |
| From investing | 121.43 | 860.52 | −287.44 | −942.95 | −1,830.96 | −1,302.04 | −3,307.66 |
| From financing | 33,926.20 | 42,113.34 | 67.72 | 38,122.84 | 59,587.82 | 40,033.60 | −2,375.02 |
| Capital expenditure | −100.26 | −74.25 | −48.15 | −17.68 | −33.63 | −82.88 | −69.64 |
| Dividends paid | −2,172.41 | −2,172.41 | −2,411.37 | −3,120.37 | −2,857.05 | −5,608.77 | −6,109.08 |
| Net change in cash | 1,335.72 | −538.47 | −1,038.25 | −179.88 | 34.22 | −332.52 | 288.89 |
What Analysts Say
Recommendations from 12 analysts who cover REC.
▲ 9 bullish (75.0%) · 3 hold (25.0%) · ▼ 0 bearish (0.0%)
Votes
How the votes changed
| Rating | 3M ago | 2M ago | 1M ago | 1W ago | Now | 3-month change |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 6 | 6 | 4 | 4 | ▼ −2 |
| Buy | 4 | 4 | 5 | 5 | 5 | ▲ +1 |
| Hold | 3 | 3 | 3 | 3 | 3 | — |
| Sell | 0 | 0 | 0 | 0 | 0 | — |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | — |
Analyst ratings are opinions, not a guarantee of returns.
REC vs Peers
Side by side with other misc. financial services companies. The small bars compare each column.
| Company | Price | Change | Market cap | P/E | P/B | ROE (5 yr) | Net margin | Div. yield | Rating |
|---|---|---|---|---|---|---|---|---|---|
| REC | ₹308.25 | ▼ −1.28% | ₹81,103 Cr | — | — | — | — | — | This stock |
| Altius Telecom Infrastructure Trust | ₹175.00 | 0.00% | ₹53,330 Cr | 46.71 | 4.52 | 5.48% | 4.58% | 9.26% | Bullish |
| National Highways Infra Trust | ₹171.00 | 0.00% | ₹36,569 Cr | 47.70 | 1.51 | 2.64% | 16.04% | 6.72% | Bullish |
| IndiGrid Infrastructure Trust | ₹172.42 | ▼ −0.61% | ₹16,424 Cr | 39.12 | 2.80 | 7.18% | 8.36% | 8.95% | Moderately Bearish |
| Indus Infra Trust | ₹132.10 | ▼ −1.28% | ₹8,071 Cr | 15.02 | 1.21 | 10.34% | 56.53% | 10.39% | Neutral |
| Raajmarg Infra Investment Trust | ₹119.00 | ▼ −0.62% | ₹23,800 Cr | — | 0.02 | — | — | — | Neutral |
Rating = the data provider's overall technical view of each peer. Company names link to their own pages.
REC Key Metrics
Each ratio placed against a benchmark — the sector average, the company's own 5-year average, or a common rule of thumb.
Per share What each share stands for
The share price is 0.95× the book value behind each share.
Benchmarks: sector averages and 5-year averages come from the data provider; the debt and liquidity bands are common rules of thumb, not investment advice.
Dividends & Corporate Events
Payouts to shareholders, splits and bonus issues, and company meetings — newest first.
- Latest dividend₹1.55 per share · 14 Aug 2026
Corporate calendar
- MeetingAnnual General Meeting
- Dividend₹1.55 per share · 16% · Final dividend
- Dividend₹4.25 per share · 43% · Interim dividend
- BoardQuarterly Results & Interim Dividend
- BoardOthers
- BoardOthers
- BoardAudited Results
- BoardTo consider Fund Raising
Show 15 older events
- Dividend₹3.20 per share · 32% · Interim dividend
- BoardInterim Dividend
- Dividend₹4.60 per share · 46% · Interim dividend
- BoardQuarterly Results
- Dividend₹4.60 per share · 46% · Interim dividend
- BoardQuarterly Results & Interim Dividend
- MeetingAnnual General Meeting
- Dividend₹2.60 per share · 26% · Final dividend
- Dividend₹4.60 per share · 46% · Interim dividend
- Dividend₹3.60 per share · 36% · Interim dividend
- MeetingAnnual General Meeting
- MeetingAnnual General Meeting
- MeetingAnnual General Meeting
- BonusBonus issue in the ratio of 1:3 of Rs. 10/-.
- MeetingPostal Ballot
About REC
Misc. Financial Services
REC Limited is a non-banking financial company (NBFC). The Company's products are interest-bearing loans to state electricity boards, state power utilities/state power departments and the private sector for all segments of power infrastructure. It operates in one business segment which is lending to power, logistics and infrastructure sectors. Its financial products include long-term loan, medium term loan, short-term loan, debt refinancing, equity financing, financing of equipment manufacturing for power sector, financing of coal mines, policy for funding against regulatory assets (excluding return on equity component) of power utilities and a revolving bill payment facility. Its debt refinancing policy is applicable for extending term loans for refinancing existing project term loan of all types of commissioned project in power sector, including renewable energy projects, by government and private sector borrowers. It acts as a nodal agency for the Government of India's schemes.
Key people
- Jitendra SrivastavaChairman of the Board, Managing Director, Director - Projects
- Harsh BawejaChief Financial Officer, Director - Finance, Executive Director
- Rajesh KumarExecutive Director, Director - Finance
- Dinesh GargCompliance Officer, Company Secretary
- Prince DhawanExecutive Director
- Ajay KumarExecutive Director
Company facts
- NSE symbolRECLTD
- BSE code532955
- ISININE020B01018
- IndustryMisc. Financial Services
- IndexNIFTY 500
- Market cap₹81,103 Cr
- Revenue (FY26)₹59,585 Cr
- Net profit (FY26)₹16,308 Cr
In the News
Recent headlines about REC — they open on Mint in a new tab.
- Five safe dividend stocks to beat inflation in India
With inflation putting pressure on purchasing power, here are 5 dividend stocks with strong payout histories and healthy yields.
17 Sep 2026 · 3 min read · Mint ↗ - Market prediction today: Gift Nifty up; Vaishali Parekh picks three buy or sell stocks — REC, Dabur India, HUL
Stock market prediction: Vaishali Parekh has predicted a gap-up opening, as the Gift Nifty live chart is trading above yesterday's spot Nifty 50 close and its previous close
16 Sep 2026 · 2 min read · Mint ↗ - PSU dividend kings: ONGC, BPCL, HPCL, Coal India, among top 8 PSU stocks with highest dividend yield | Crown goes to?
In FY26, PSU stocks like Coal India and ONGC deliver notable dividend yields. MSTC, REC, and ONGC feature yields at 5.4%, 5.9%, and 5.7%. Check full list of top PSU stocks with highest dividend yield
14 Sep 2026 · 3 min read · Mint ↗ - Will asset tokenization live up to its promise? Here's what India must do for Demat 2.0 to succeed
Launched by the Reserve Bank of India (RBI) and Securities and Exchange Board of India (Sebi), Demat 2.0 has seen some high-profile tokenized bond issuances. Tokenization holds the promise of a superior market, but we can’t take its success for granted. Here's what must be done.
14 Sep 2026 · 2 min read · Mint ↗ - Banks scramble for foreign loans after FCNR deluge
Indian banks are pursuing overseas funding through OFCBs to replace short-term financing used for FCNR(B) schemes
9 Sep 2026 · 4 min read · Mint ↗ - Top stocks in focus today: Investors must watch Adani Power, Swiggy, Shiprocket shares on Tuesday, 8 Sept | Triggers
Container Corporation of India, Swiggy, BCPL Railway Infrastructure, Adani Power, Rajputana Stainless, 63 Moons Technologies, and Shiprocket are among the stocks likely to remain in focus on Tuesday.
8 Sep 2026 · 3 min read · Mint ↗ - PTC India, Coal India to REC: Top 10 dividend stocks | One beats PPF interest rate — check details
Dividend stocks are attractive for income-focused investors, especially in uncertain markets. PTC India leads at a 9.7% yield, with other notable stocks across diverse sectors. Sustainable dividends and strong fundamentals are key considerations when evaluating these investments.
4 Sep 2026 · 8 min read · Mint ↗ - Small-cap stock Ceigall India jumps over 4% after receiving LOI of ₹5,300 crore | Details here
Small-cap stock Ceigall India jumped more than 4% in morning deals on the BSE on Friday, 4 September, after the company announced it had received a letter of intent (LoI) of ₹5,300 crore from REC Power Development and Consultancy Limited.
4 Sep 2026 · 1 min read · Mint ↗
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