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On 6 Nov 2026, REC was priced at ₹296.65, or 5.2× trailing earnings, and the shares are 24% below their 52-week high. It earns ROE of 17%, and net profit grew 13% a year over 3 years. For banks and lenders, ROCE and debt-to-equity are not used; it trades at 0.82× book value and its dividend yield is 4.7%. It is a mid-cap company with a market cap of ₹78,115 Cr, ranked 8th of 193 Credit Services companies by market cap; the shares fell 20% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹295.00
Day high
₹300.90
Day low
₹291.75
Prev. close
₹295.75
Volume
45.1 L

Health check

2 good · 1 fair · 3 to check
  • ReturnsBehind

    −20.2% over a year, better than 1 of 7 peers.

  • Price tagCheaper

    P/B 0.82 vs peer median 2.62.

  • GrowthSlow

    Profit +13.5% a year over 3 years.

  • ProfitabilityAverage

    ROE 16.9% vs peer median 18.7%.

  • Balance sheetSolid

    Return on assets 2.30%. Bad-loan data isn’t covered.

  • Red flags1 to check

    Quarterly profit down 21.2% on a year ago.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Credit Services

192 listed peers. Screen the industry

Mid cap

₹78,115 Cr, #8 of 193 in its industry by size.

Defensive

Beta 0.33 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹22,565 Cr · profit ₹15,065 Cr
Market cap
₹78,115 Cr
Mid cap
P/E
5.2
Industry 15.5
Price to book
0.82
Peers 2.62
Dividend yield
4.72%
ROE
16.9%
Peers 18.7%
ROCE
n/m
Not meaningful for lenders
Debt to equity
n/m
Not meaningful for lenders
EPS (TTM)
₹57.21
Face value ₹10
OPM (TTM)
90.6%
Net margin 66.9%
Sales growth
n/m
Not meaningful for lenders
Profit growth
−21.2%
Latest quarter vs a year ago
Price to sales
3.46

Strengths and risks

Strengths

  • Dividend yield of 4.72%.

Risks to check

  • Quarterly profit down 21.2% on a year ago.

Derived automatically from reported figures. Not a recommendation.

About REC

REC Limited, together with its subsidiaries, engages in the provision of financing services for power generation, transmission, distribution, infrastructure, and logistics projects in India. The company primarily offers long, medium, and short-terms loans; debt refinancing, equity financing, financing of equipment manufacturing for power sector and coal mines; policy for funding against regulatory assets, and revolving bill payment facility services; and…

Headquarters
Gurugram
Employees
590
Sector
Financial Services
ISIN
INE020B01018
Website
recindia.nic.in

Price range

52 weeks

₹281.90₹387.80

Today

₹291.75₹300.90
Avg volume (3M)
63.6 L
1-year return
minus 20.2%
From 52-week high
minus 23.5%

Analyst consensus

13 analysts
BuyMean target ₹389.69 plus 31.4%

Target range, with today’s price

Low ₹295.00High ₹500.00

Consensus from Yahoo Finance. Not a recommendation.

Peers · Credit Services

Bank and NBFC columns

Compare with peersScreen the whole industry
Company
BAJFINANCEBajaj Finance1,087.75plus 1.66%6,77,00531.35.4919.0%3.8%18.2%0.50%plus 1.2%
SHRIRAMFINShriram Finance961.15minus 0.30%2,26,16716.02.0314.8%3.9%18.6%1.80%plus 21.0%
CHOLAFINCholamandalam Investment and Finance Company1,785.00plus 1.42%1,53,10324.54.4120.6%2.6%25.2%0.11%plus 0.8%
TATACAPTata Capital358.05plus 2.93%1,50,97925.43.1014.1%2.2%–0.16%plus 5.6%
MUTHOOTFINMuthoot Finance2,869.00plus 1.06%1,15,1819.42.6231.6%6.3%43.1%1.05%minus 11.0%
PFCPower Finance Corporation328.80minus 0.18%1,08,5074.10.7418.7%2.7%17.7%4.99%minus 16.9%
IRFCIndian Railway Finance Corporation80.43plus 0.37%1,05,11014.31.7312.6%1.4%4.4%2.74%minus 34.4%
RECLTDREC296.65plus 0.30%78,1155.20.8216.9%2.3%13.5%4.72%minus 20.2%
Median of 7 peers–1.06%1,50,97916.02.6218.7%2.7%18.4%1.05%0.8%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
5,1975,4465,3614,4305,050
8,9349,2438,9318,7489,522
6.76.86.96.86.7
–−18.3–––
5,6665,1364,4155,2684,391
21.2%21.1%23.5%20.4%20.8%
4,4664,0523,3754,1933,478
16.9615.3912.6915.9213.21

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Profit CAGR 3Y
+13.5%
EPS CAGR 3Y
+13.5%
ROE
16.9%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
14,60117,24121,90021,834
–+18.1%+27.0%minus 0.3%
23,73329,94834,13136,238
24.32424.727.1
−6.6−5.6−7.6−28.9
13,89817,96020,11720,766
19.6%21.2%21.0%21.5%
11,16714,14515,88416,308
–+26.7%+12.3%+2.7%
42.2853.5960.2061.81

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
2,6332,6332,6332,633
55,48766,71775,74382,421
3,80,7904,45,5684,96,2435,14,725
26,59233,27339,88340,378
4,65,5035,48,1916,14,5026,40,158
649655702741
1023.876128
12,15217,83424,10629,792
333498632719
4,52,3595,29,1805,88,9866,08,778
4,65,5035,48,1916,14,5026,40,158

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
−37,360−57,723−39,0645,972
−943−1,831−1,302−3,308
38,12359,58840,034−2,375
−18034.2−333289
−17.7−33.6−82.9−69.6
−37,377−57,756−39,1475,902
−3,120−2,857−5,609−6,109

Shareholding pattern

Source: NSE filings
52.6%
promoters
  • Promoters52.63%
  • Public47.37%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202652.63%47.37%0.00
30 Jun 202652.63%47.37%0.00
31 Mar 202652.63%47.37%0.00
31 Dec 202552.63%47.37%0.00
30 Sep 202552.63%47.37%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you