NSE RECLTD · BSE 532955 · Misc. Financial Services · NIFTY 500

REC Share Price

Market closed · NSE price as of Mon 28 Sep
₹303.25 ▼ −₹9.70 · 3.10%
Day range · 28 Sep
₹303.50Low₹312.60High
52-week range
₹304.10Low · 30 Mar 2026₹390.40High · 1 Oct 2025

REC Overview

Where the price stands, how it has moved and how it sits against its averages.

REC shares last traded at ₹303.25 on the NSE, down 3.10% on the day. That is 22.3% below the 52-week high of ₹390.40 and -0.3% above the 52-week low of ₹304.10. The stock trades at 4.98× earnings, below the sector average of 24.89. Its market value is ₹79,853 Cr.

NSE closing prices — daily for the last year, weekly before that — ending at the latest price (Mon 28 Sep). Hover, tap or use the arrow keys to read a day.

Price returns

1 Day▼ −3.10%
1 Week▼ −2.24%
This month▼ −6.20%
3 Months▼ −16.84%
6 Months▼ −4.77%
This year▼ −15.01%
1 Year▼ −17.46%

Share price growth a year (CAGR): 3 years ▲ +3.8% · 5 years ▲ +21.5% · 10 years ▲ +12.5%

Against the market: 1 Month ▲ +3.29% · 3 Months ▼ −10.46% · 6 Months ▼ −2.14% · This year ▲ +1.15% · 1 Year ▼ −8.40%

Shading grows with the size of the move. We ask our data provider for a newer price every 15 minutes while the market is open (9:15 AM–3:30 PM IST); next check from Mon 26 Oct, 9:15 AM. Its quotes are not real-time — the time at the top shows how current the price is.

Moving averages — price is above 0 of 6

  1. 300-day average₹348.41 ▼ price 13.0% below
  2. 100-day average₹343.33 ▼ price 11.7% below
  3. 50-day average₹336.78 ▼ price 10.0% below
  4. 20-day average₹313.82 ▼ price 3.4% below
  5. 10-day average₹310.64 ▼ price 2.4% below
  6. 5-day average₹310.00 ▼ price 2.2% below
  7. Today's price₹303.25

Each average is the mean closing price over that many trading days; averages above the current price sit higher on the ladder.

REC Financial Results

Revenue and net profit in ₹ crore, with the full statements underneath.

Revenue₹ crore
59,585
Net profit₹ crore · losses below zero
16,308

Year by year

Fiscal yearRevenueGrowthNet profitNet marginEPSDividend
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

Balance sheet — FY26

Owes (liabilities)Shareholders' equity
87%
  • 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
  • Revenue growth, 5 yr11.24% a year
  • EPS growth, 5 yr14.25% a year
  • Operating margin (TTM)37.44%
  • Net margin (TTM)27.05%

Cash flow — FY26

Operating activities
▲ ₹5,972 Cr
Investing activities
▼ −₹3,308 Cr
Financing activities
▼ −₹2,375 Cr
Free cash flow
▲ ₹5,902 Cr
Net change in cash
▲ ₹289 Cr

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
₹ croreFY20FY21FY22FY23FY24FY25FY26
Total revenue29,936.1634,983.1238,929.0539,485.9947,517.0856,367.8959,584.64
Cost of revenue19,088.3521,587.5122,132.8023,803.6830,140.0634,307.5736,554.90
Gross profit10,847.8113,395.6116,796.2515,682.3117,377.0222,060.3223,029.74
Operating expenses20,600.7724,459.5526,096.8424,488.9929,425.2036,085.6837,600.20
Operating income9,335.3910,523.5712,832.2114,997.0018,091.8820,282.2121,984.44
Depreciation11.7710.8618.2424.2623.9924.3027.02
Profit before tax7,029.9810,779.5912,430.5313,897.6717,959.9420,117.4720,766.33
Tax2,057.712,401.352,394.832,730.693,814.484,233.244,458.16
Net profit4,972.278,378.2410,035.7011,166.9814,145.4615,884.2316,308.17
EPS (₹)18.8831.8238.1142.4153.7260.3261.93
Dividend per share (₹)8.259.5311.4812.6016.0018.0018.55

REC vs Peers

Side by side with other misc. financial services companies. The small bars compare each column.

CompanyPriceChangeMarket capP/EP/BROE (5 yr)Net marginDiv. yield
REC This stock ₹303.25 ▼ −3.10% ₹79,853 Cr 4.98 0.94 21.00% 27.05% 6.00%
Altius Telecom Infrastructure Trust ₹175.00 0.00% ₹53,330 Cr 46.71 4.52 5.48% 4.58% 9.26%
National Highways Infra Trust ₹171.00 0.00% ₹36,569 Cr 47.70 1.51 2.64% 16.04% 6.72%
IndiGrid Infrastructure Trust ₹173.00 ▲ +0.13% ₹16,479 Cr 39.12 2.80 7.18% 8.36% 8.95%
Indus Infra Trust ₹130.40 ▼ −1.18% ₹7,968 Cr 15.02 1.21 10.34% 56.53% 10.39%
Raajmarg Infra Investment Trust ₹121.02 ▲ +0.30% ₹24,204 Cr — 0.02 — — —

Peer prices and ratios as last reported by the data provider. Company names link to their own pages.

Shareholding Pattern

Who owns REC shares, quarter by quarter (latest on top).

PromoterFIIMFOther
Jun '26
52.6%
15.8%
23.1%
Mar '26
Dec '25
Sep '25
HolderSep '25Dec '25Mar '26Jun '26Change
Promoter52.63%52.63%52.63%52.63% 0.00 pts
FII17.97%16.46%15.79%15.76% ▼ −0.03 pts
MF9.41%9.18%9.02%8.51% ▼ −0.51 pts
Other19.99%21.73%22.56%23.10% ▲ +0.54 pts

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.

RECBenchmarkRule-of-thumb bands

Valuation The price against earnings, book value and sales

P/E (TTM)Price ÷ yearly earnings per share
4.98
▼ 80% below the sector average of 24.89
P/E, 12-month rangeLow 2.39 · high 9.81
35%
Today's P/E sits 35% of the way from its low to its high
P/BPrice ÷ book value per share
0.94
P/SMarket cap ÷ last 12 months' revenue
1.35
P/CFPrice ÷ cash flow per share
5.13
PEGP/E ÷ earnings growth rate
0.38

Profitability Of every ₹100 of sales, how much is kept?

Gross marginKept after the cost of goods
38.62%
▼ below its 5-yr average of 39.25%
Operating marginKept after running costs
37.44%
▲ above its 5-yr average of 36.46%
Pre-tax marginKept before tax
34.36%
▼ below its 5-yr average of 35.21%
Net marginKept as profit
27.05%
▼ below its 5-yr average of 27.92%

Returns & efficiency How well does it use its money?

Return on equityProfit on shareholders' money
19.96%
▼ below its 5-yr average of 21.00%
Return on assetsProfit on everything it owns
2.60%
▼ below its 5-yr average of 2.64%
Return on investmentProfit on long-term capital
3.28%
▲ above its 5-yr average of 3.15%
Return on capital employedProfit before interest and tax on equity + debt
9.76%

Growth Is the business getting bigger?

Revenue — last 12 months
+2.3%
▲ growing
Revenue — 3 yr, a year
+14.7%
▲ growing
Revenue — 5 yr, a year
+11.2%
▲ growing
Net profit — 3 yr, a year
+13.5%
▲ growing
Net profit — 5 yr, a year
+14.2%
▲ growing
EPS — last 12 months
−5.1%
▼ shrinking
EPS — 3 yr, a year
+13.5%
▲ growing
EPS — 5 yr, a year
+14.3%
▲ growing
Dividend — 3 yr, a year
+13.8%
▲ growing
Book value — 5 yr, a year
+14.2%
▲ growing

Financial strength Can it pay its bills and debts?

Debt to equityBorrowings for every ₹1 of shareholders' money — a lender's loans are funded this way
6.05×
• Normal for a lender
Interest coverProfit before interest and tax ÷ interest on its borrowings
1.57×
! Weak
Payout ratioShare of profit paid as dividend
29.95%
• Keeps most

Per share What each share stands for

EPS (TTM)
₹60.89
Book value
₹323.01
Cash flow
₹61.00
Dividend
₹18.20
Revenue
₹225.12

The share price is 0.94× 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.

All 107 metrics from the data provider

Valuation

P/E excluding extraordinary items, most recent fiscal year5.05
Current Dividend Yield - Common Stock Primary Issue, LTM5.82
Price to Book - most recent fiscal year0.97
P/E Basic excluding extraordinary items - TTM5.97
P/E including extraordinary items - TTM5.14
P/E excluding extraordinary items low, trailing 12 months2.39
Price to Tangible Book - most fiscal year0.97
Dividend Yield - 5 Year Average5.50
Price to sales - most recent fiscal year1.38
Dividend Yield - indicated annual dividend divided by closing price5.82
Price to Cash Flow per share - trailing 12 month5.13
Peg Ratio0.38
P/E Normalized, most recent fiscal year4.99
P/E excluding extraordinary items high, trailing 12 months9.81
P/E excluding extraordinary items, most recent fiscal year quarter5.14
Price to sales - trailing 12 month1.39
Net Debt, LFY51,44,563.00

Per share

Dividend Per Share - 5 year average15.33
Cash Flow per share - trailing 12 month61.00
Cash Flow per share - most recent fiscal year62.03
EPS including extraordinary items - trailing 12 month60.89
EPS including extraordinary items - most recent fiscal year61.93
EBITD per share - trailing 12 month83.98
Revenue/share - trailing 12 month225.12
EPS excluding extraordinary items - trailing 12 month60.89
EPS Basic excluding extraordinary items - most recent fiscal year61.93
EPS Basic excluding extraordinary items - trailing 12 month60.89
Book value per share - most recent fiscal year323.00
Dividend per share - most recent fiscal year18.55
Revenue/share - most recent fiscal year226.28
EPS Normalized - most recent fiscal year62.71
Book value (tangible) per share - most recent fiscal year323.00
Dividends per share - trailing 12 month18.20
EPS excluding extraordinary items - most recent fiscal year61.93
Cash per share - most recent fiscal year1.11

Margins

Operating margin - trailing 12 month37.44
Gross Margin - 5 year average39.25
Operating margin - 1st historical fiscal year36.90
Operating Margin - 5 year average36.46
Net Profit Margin % - 1st historical fiscal year27.37
Gross Margin - 1st historical fiscal year38.65
Net Profit Margin % - trailing 12 month27.05
Net Profit Margin - 5 year average27.92
Pretax Margin - 5 year average35.21
Pretax margin - 1st historical fiscal year34.85
Pretax margin - trailing 12 month34.36
Free Operating Cash Flow/Revenue, 5 Year Average−61.75
Gross Margin - trailing 12 month38.62

Growth

EPS Change %, TTM over TTM−5.07
Revenue growth rate, 5 year11.24
EPS growth rate, 5 year14.25
Revenue Change % - most recent quarter 1 year ago−2.05
Growth rate% - dividend, 3 year13.76
Growth rate% - EPS, 3 year13.45
Revenue/share (5 yr growth)11.24
Tangible Book Value, Total Equity, 5 Year CAGR14.22
Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year Interim CAGR9.36
Capital Spending growth rate, 5 year−1.27
Revenue Change %, TTM over TTM2.27
Growth rate% - Revenue, 3 year14.70
Book value per share growth rate, 5 year14.21
EPS Change % - most recent quarter 1 year ago−6.13
Net Profit Margin growth rate, 5 year2.71
Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR11.39
Total Debt, 5 Year CAGR9.31

Financial strength

Net Interest coverage - most recent fiscal year18.00
Free Cash Flow - most recent fiscal year−2,071.50
LT debt/equity - most recent fiscal year4.86
Payout ratio - trailing 12 month15.35
Current EV/Free Cash Flow, LFY58.77
Total debt/total equity - most recent fiscal year6.05
Net Interest coverage - trailing 12 month12.15
Payout ratio - most recent fiscal year29.95

Returns & efficiency

Return on average equity - 5 year average21.00
Net Income/employee - trailing 12 month27,17,83,400.00
Revenue/employee - most recent fiscal year1,02,46,71,000.00
Return on investment - most recent fiscal year3.28
Return on average assets - most recent fiscal year2.60
Receivables turnover - most recent fiscal year225.55
Revenue/employee - trailing 12 month1,00,47,73,000.00
Return on average assets - 5 year average2.64
Net Income/employee - most recent fiscal year28,04,50,000.00
Asset turnover - most recent fiscal year0.09
Return on average equity - most recent fiscal year19.96
Return on investment - 5 year average3.15

Price & volume

Market Cap79,918.35
52 week Low Date30 Mar 2026
Price - 1 Day % Change1.52
Relative (S&P500) price percent change - 13 week−10.46
Avg trading volume last 10 days4.50
Price - 13 week price percent change−14.18
Price - 52 week price percent change−16.60
Avg Trading Volume Last 3 months114.75
Price - 5 Day % Change0.30
Price % Change Month To Date−3.20
Relative (S&P500) price percent change - 04 week3.29
52 week High Date1 Oct 2025
Price - 26 week price percent change−1.73
PDATE25 Sep 2026
Price - YTD price percent change−12.29
Relative (S&P500) price percent change - 52 week−8.40
NPRICE312.95
Relative (S&P500) price percent change - 26 week−2.14
52 week Low304.05
52 week High390.30
Beta1.49
Relative (S&P500) price percent change - Year to Date1.15

Dividends & Corporate Events

Payouts to shareholders, splits and bonus issues, and company meetings — newest first.

Dividend per share₹ per share, by fiscal year
₹18.55
  • Dividend yield6.00%
  • Payout ratio29.95%
  • 5-year average dividend₹15.33 a share
  • 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₹79,853 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.

Stock data comes from the exchange feed via our data provider. It is not real-time and can be delayed, so check the price with your broker before you trade. This page is for information and education only. It is not investment advice, research or a recommendation to buy, sell or hold any security. Investments in the securities market are subject to market risks; read all related documents carefully before investing. See all stocks →

Frequently Asked Questions

REC (NSE: RECLTD) last traded at ₹303.25 on the NSE, down 3.10% (₹9.70) on the day, as of 28 Sep 2026. The day's range was ₹303.50 – ₹312.60.

REC's 52-week high is ₹390.40 (1 Oct 2025) and its 52-week low is ₹304.10 (30 Mar 2026). At ₹303.25 the share is 22.3% below its high and -0.3% above its low.

REC's market capitalisation is ₹79,853 Cr (₹79,853 Cr). It is part of the NIFTY 500 index.

REC's P/E ratio (trailing 12 months) is 4.98. The sector average is 24.89, so investors pay 80% less for each rupee of its earnings than for the average company in its sector. Its earnings per share (TTM) are ₹60.89.

REC shares are down 17.46% over the last year, down 15.01% so far this year, down 4.77% over 6 months, down 16.84% over 3 months. Over the last year the stock did 8.40% worse than the market.

In FY26 (year to Mar 2026), REC reported revenue of ₹59,585 Cr (up 5.71% on the year before) and a net profit of ₹16,308 Cr. Earnings per share were ₹61.93.

Yes. REC's latest dividend is ₹1.55 per share (16%, final dividend), with an ex-date of 14 Aug 2026. The dividend yield is 6.00%. It has paid 8 dividends in the records shown on this page.

As of Jun 2026: Promoter 52.63%, FII 15.76%, MF 8.51%, Other 23.10%.

REC's listed peers in Misc. Financial Services include Altius Telecom Infrastructure Trust, National Highways Infra Trust, IndiGrid Infrastructure Trust, Indus Infra Trust, Raajmarg Infra Investment Trust. By market capitalisation it ranks #1 of 6 in this group.

No. REC has debt — its debt-to-equity ratio is 6.05 and total debt was ₹5,14,750 Cr in FY26. As a lender it borrows to fund its loans, so debt is part of its business; its profit before interest and tax covers the interest on those borrowings 1.57 times.