🔔 Rating Alert
Emkay Global initiates coverage on REC Ltd with a Buy rating and a target price of ₹650, indicating a potential upside of 25%.
REC Analyst Rating
based on 9 analysts
100.00%
Buy
0.00%
Hold
0.00%
Sell
Based on 9 analysts offering long term price targets for REC. An average target of ₹678.67
Source: S&P Global Market Intelligence
REC Share analysis
REC price forecast by 9 analysts
Upside of30.90%
High
₹755
Target
₹678.67
Low
₹630
REC target price ₹678.67, a slight upside of 30.9% compared to current price of ₹538.05. According to 9 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
REC revenue growth forecast
Expected growth rate Q1, FY2026:
Forecast
Actual
Including amortisation and stock based compensations
REC EPS growth forecast
EPS estimate Q1, FY2026:26.08%
Forecast
Actual
Source: S&P Global Market Intelligence
REC Performance
Day's Low
Day's High
₹519.85Day's Price Range₹544.752 Week's Low
52 Week's High
₹408.352-Week Price Range₹654
| Returns % | |
| 1 Month Return | -3.94 % |
| 3 Month Return | -3.58 % |
| 1 Year Return | + 22.41 % |
| Market Stats | |
| Previous Close | ₹518.45 |
| Open | ₹522.05 |
| Volume | 1.46Cr |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹1,36,519.50Cr |
REC Key Statistics
| P/E Ratio | 9.19 |
| PEG Ratio | 1.13 |
| Market Cap | ₹1,36,519.50 Cr |
| P/B Ratio | 1.74 |
| EPS | 53.72 |
| Dividend Yield | 3.55 |
| Sector | Finance |
| ROE | 22.17 |
REC Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| BUY | ₹1,36,519.50 Cr | 76.68% | 0.93 | ₹14,145 Cr | ₹47,517 Cr | |
| BUY | ₹1,51,590.17 Cr | 76.71% | 0.92 | ₹26,461 Cr | ₹91,508 Cr | |
| ₹1,98,693.57 Cr | 102.61% | 0.95 | NA | NA | ||
| NA | ₹17,275.03 Cr | 38.05% | 0.50 | ₹4,243 Cr | ₹154 Cr |
REC Mutual Fund Holdings
About REC
REC operates mainly within India and does not have specific sub-brands, but it offers a broad range of financial products and services, including project financing, loans for transmission and distribution projects, and financial consulting for power infrastructure development. The company plays a crucial role in enhancing India's power sector infrastructure, contributing to projects that improve the availability and quality of electricity in rural and urban areas. A notable fact about REC is its role in financing over 25% of India's installed power generation capacity. Another interesting fact is its significant involvement in the government's electrification initiatives, such as the Pradhan Mantri Sahaj Bijli Har Ghar Yojana (Saubhagya) to achieve universal electrification. REC Limited is a subsidiary of Power Finance Corporation Limited (PFC), another leading financial institution in India's power sector.
Share Price: ₹538.05 per share as on 03 Jan, 2025 04:04 PM
Market Capitalisation: ₹1,36,519.50Cr as of today
Revenue: ₹13,706.31Cr as on September 2024 (Q3 24)
Net Profit: ₹4,037.72Cr as on September 2024 (Q3 24)
Listing date: 12 Mar, 2008
Chairperson Name: Vivek Kumar Dewangan
| Organisation | REC |
| Headquarters | New Delhi |
| Industry | Finance |
| E-voting on shares | Click here to vote |
What's happening today
Today's Timeline - 03 Jan
08:26 AM
-Emkay Global initiates coverage on REC with a Buy rating and a target price of ₹650, indicating a 25% upside.
Key events for REC Ltd
Emkay Initiates Buy Rating for REC Ltd - 03 Jan, 2025
Emkay Global has initiated coverage on REC Ltd, recommending a Buy rating with a target price of ₹650, citing strong growth potential and improved asset quality. The brokerage expects double-digit loan growth and stable margins, supporting robust earnings visibility.REC Ltd Continues Upward Trend Amidst Mixed Performance - 02 Jan, 2025
REC Ltd shares rose 1.58% to Rs 513.55, marking a third consecutive session of gains. The stock is up 21.25% over the past year but has declined 4.85% in the last month. Trading volume today was 46.9 lakh shares, below the monthly average of 61.45 lakh. The stock's PE ratio stands at 9.03 based on TTM earnings.REC Limited Advances in Power Transmission Projects - 31 Dec, 2024
REC Limited's subsidiary RECPDCL transferred the Special Purpose Vehicle for Rajasthan IV 4A Power Transmission to Power Grid. The company shows strong investment appeal with a 3.40% dividend yield.Analysts Remain Bullish on REC Ltd Stock - 30 Dec, 2024
Despite a correction from its peak, REC Ltd has received buy ratings from all 10 analysts, indicating a potential upside of 34% following a strong 250% gain in 2023.REC Ltd Allocates Funds for Cancer Treatment Equipment - 28 Dec, 2024
REC Ltd's CSR Foundation has signed an agreement to provide Rs 14 crore for a Linear Accelerator machine to enhance cancer treatment facilities in Firozabad, Uttar Pradesh.REC Limited Expands Renewable Energy Initiatives - 26 Dec, 2024
REC Limited has established a new subsidiary, Rajgarh III Power Transmission, to facilitate renewable energy projects in Madhya Pradesh. The company reported strong financial growth, with a 17% revenue increase. Additionally, ACME Sun Power secured a significant loan for its green energy initiative.REC Establishes Subsidiary for Renewable Power Evacuation - 25 Dec, 2024
REC Limited has established a wholly-owned subsidiary, Rajgarh III Power Transmission Limited, to facilitate the evacuation of power from renewable energy projects in Madhya Pradesh.REC Ltd Experiences Decline Amidst Monthly Gains - 19 Dec, 2024
REC Ltd's stock fell by 2.99% to Rs 521.2, despite a 0.94% gain over the past month. The stock reached a record high of Rs 653.9 on July 12, 2024, and a 52-week low of Rs 389.05 on December 21, 2023.REC Ltd Raises Rs 2,195 Crore Through Bonds - 17 Dec, 2024
REC Ltd successfully raised Rs 2,195 crore through bond issuances of varying maturities, though it fell short of its Rs 2,500 crore target due to investor demands for higher coupon rates. This marks a significant move in long-term financing, indicating strong demand from institutional investors.REC Ltd Reports Sales Growth Amid Price Rise - 11 Dec, 2024
REC Ltd shares increased by 0.26% to Rs 568.60. The company reported consolidated sales of Rs 13706.31 crore for Q2 FY2024, reflecting a 4.69% quarter-on-quarter growth.REC Ltd Shares Show Positive Movement - 10 Dec, 2024
On December 10, 2024, REC Ltd shares traded at Rs 569.25, up 1.01% from the previous close. The stock has a market value of Rs 149,856.78 crore, with a P/E ratio of 10.07 and an ROE of 20.56%. Promoters hold 52.63% of the shares.REC Stock Shows Bullish Momentum After Breakout - 09 Dec, 2024
REC Ltd. stock has broken out of a downtrend, indicating potential bullish momentum. Analysts suggest accumulating shares in the range of Rs 550-560, targeting Rs 620-625.EESL Joint Venture Established for Energy Efficiency - 08 Dec, 2024
Energy Efficiency Services Limited (EESL), a joint venture including REC Ltd, was set up under the Ministry of Power to facilitate energy efficiency projects.REC Ltd Shares Show Slight Increase Amid Market Activity - 05 Dec, 2024
On December 5, 2024, REC Ltd shares traded at Rs 544.25, up 0.11% from the previous close. The stock has a market value of Rs 143,128.89 crore, with a P/E ratio of 9.62. Promoters hold 52.63% of the company, while institutional investors own 30.17%. The stock's 50-DMA and 200-DMA suggest a potential upward trend if it trades above these averages.
Insights on REC Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTPrice Rise
In the last 3 years, RECLTD stock has moved up by 410.9%
- POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 2 quarters, 3.46K Cr → 4.03K Cr (in ₹), with an average increase of 14.3% per quarter
- POSITIVE IMPACT
FII Holding Up
Foreign Institutions have increased holdings from 20.43% to 21.23% in Sep 2024 quarter
- POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 8 quarters, 9.79K Cr → 13.70K Cr (in ₹), with an average increase of 4.7% per quarter
NO EFFECTPromoter Holding Unchanged
Promoters holdings remained unchanged at 52.63% of holdings in Sep 2024 quarter
- NO EFFECT
Against Peers
In the last 1 year, Indian Railway Finance Corporation Ltd has given 50.7% return, outperforming this stock by 28.3%
- NO EFFECT
Against Peers
In the last 3 years, Indian Railway Finance Corporation Ltd has given 559.6% return, outperforming this stock by 148.7%
NEGATIVE IMPACTMF Holding Down
Mutual Funds have decreased holdings from 9.11% to 8.94% in Sep 2024 quarter
- NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 12.20% to 11.84% in Sep 2024 quarter
REC Financials
Index Inclusions
REC Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 52.63% | 0.00 | |
| Foreign Institutions | 21.23% | 3.88 | |
| Mutual Funds | 8.94% | ||
| Retail Investors | 11.84% | ||
| Others | 5.37% |
REC Key Indicators
REC Valuation
REC in the last 5 years
Lowest (2.51x)
June 20, 2022
Today (9.19x)
January 2, 2025
Industry (25.98x)
January 2, 2025
Highest (11.65x)
July 11, 2024
REC Earnings and Dividends
REC Ltd Earnings Results
REC Ltd’s net profit jumped 6.54% since last year same period to ₹4,037.72Cr in the Q2 2024-2025. On a quarterly growth basis, REC Ltd has generated 16.69% jump in its net profits since last 3-months.
Read More about Earnings ResultsREC Ltd Dividends October,2024
In the quarter ending September 2024, REC Ltd has declared dividend of ₹4 - translating a dividend yield of 3.95%.
Read More about Dividends
REC Technicals Summary
Bearish
Neutral
Bullish
REC Ltd is currently in a Bullish trading position according to technical analysis indicators.
FAQs on REC Ltd
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REC Ltd (RECLTD) share price today is ₹538.05
REC Ltd is listed on NSE
REC Ltd is listed on BSE
- Today’s highest price of REC Ltd is ₹544.7.
- Today’s lowest price of REC Ltd is ₹519.85.
PE Ratio of REC Ltd is 9.19
PE ratio = REC Ltd Market price per share / REC Ltd Earnings per share
Today’s traded volume of REC Ltd(RECLTD) is 1.46Cr.
Today’s market capitalisation of REC Ltd(RECLTD) is ₹136519.5Cr.
| REC Ltd(RECLTD | Price |
|---|---|
52 Week High | ₹654 |
52 Week Low | ₹408.3 |
REC Ltd(RECLTD) share price is ₹538.05. It is down -17.73% from its 52 Week High price of ₹654
REC Ltd(RECLTD) share price is ₹538.05. It is up 31.78% from its 52 Week Low price of ₹408.3
| REC Ltd(RECLTD | Returns |
|---|---|
1 Day Returns | 19.6% |
1 Month Returns | -3.94% |
3 Month Returns | -3.58% |
1 Year Returns | 22.41% |