- Next results date: the board meets on 26 Oct 2026 to consider: financial results and dividend.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹77,404 Cr117th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 24 Jul 2026
- 4.8
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 28 Apr 2026
- 0.9
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 6.19%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 24 Jul 2026
- 19.6%
- NIMNet interest margin. Net interest income ÷ the average assets that earn interest × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 3.74%
- Cost of fundsCost of funds. Interest paid ÷ the average of what the company pays interest on × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 7.17%
- Credit costCredit cost. What was set aside for loans that may not be repaid ÷ average loans given × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 0.04%
- ROAReturn on assets. Profit after tax ÷ average total assets × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. It equals net interest income + other income − operating expenses − provisions + exceptional items − tax + the lines below tax, each on the same base. For the year to Mar 2026.
- 2.60%
- LeverageAssets per rupee of net worth. Average total assets ÷ average net worth: rupees of assets for each rupee of net worth; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 7.68times net worth
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 31,59,28440.0% delivered
Results
Consolidated; ₹ crore, the charts by years to March, the table by quarter. Income from operations is what the business earns: interest on loans, fees, dividends and the rest.Quarterly results
Quarter to Jun 2026, against the quarter beforeFiled 24 Jul
- Income from operationsIncome from operations. The pill is the change in income from operations against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹14,435 Crdown 0.89%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹4,193 Crup 24.23%
Income from operations by year
Net profit by year, a loss in red
| ₹ crore | Sep 2024Filed 28 Oct | Dec 2024Filed 8 Feb | Mar 2025Filed 8 May | Jun 2025Filed 24 Jul | Sep 2025Filed 17 Oct | Dec 2025Filed 29 Jan | Mar 2026Filed 28 Apr | Jun 2026Filed 24 Jul |
|---|---|---|---|---|---|---|---|---|
| Income from operations | 13,682 | 14,272 | 15,334 | 14,737 | 15,153 | 15,018 | 14,564 | 14,435 |
| Net profit | 4,038 | 4,076 | 4,310 | 4,466 | 4,415 | 4,052 | 3,375 | 4,193 |
Business segments
In the year to Mar 2026 the company reports one business segment, NBFC-IFC, which carries all its revenue.
Valuation
Today, against the company's own history. Not shown, EV/EBITDA: not used for a lender or an insurer.PE ratio and valuation history
At or below today's level on 47% of 2,454 trading days over the last 10 years.
At or below today's level on 58% of 1,941 trading days since Dec 2018.
At or below today's level on 41% of 2,480 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −22.8% | +2.7% | −30.8% | 6.1% |
| 3 years | +42.9% | +13.5% | +21.8% | 4.6% |
| 5 years | +32.8% | +14.2% | +9.8% | 7.4% |
Mutual funds holding it
164 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 68 of the 87 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.Mutual fund holdings
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 17
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 18
- AddedAdded. Funds that held more shares than at the end of the month before.
- 52
- CutCut. Funds that held fewer shares than at the end of the month before.
- 35
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 41
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end.
- 55
| Fund | |||
|---|---|---|---|
 Nippon India Growth Mid Cap FundNippon India Mutual Fund | 3,55,72,282 | 2.12% | ₹1,063.6 Cr |
 Bandhan Small Cap FundBandhan Mutual Fund | 2,55,41,185 | 2.13% | ₹763.7 Cr |
 Kotak Mid Cap FundKotak Mahindra Mutual Fund | 2,17,53,597 | 0.98% | ₹650.4 Cr |
 HDFC Balanced Advantage FundHDFC Mutual Fund | 1,70,00,000 | 0.50% | ₹508.3 Cr |
| Nippon India Small Cap FundNippon India Mutual Fund | 1,15,11,370 | 0.43% | ₹344.2 Cr |
| Nippon India ELSS Tax Saver FundNippon India Mutual Fund | 62,00,000 | 1.32% | ₹185.4 Cr |
 ICICI Prudential ELSS - Tax Saver FundICICI Prudential Mutual Fund | 46,06,332 | 1.02% | ₹137.7 Cr |
 SBI Energy Opportunities FundSBI Mutual Fund | 43,25,000 | 1.62% | ₹129.3 Cr |
| ICICI Prudential Dividend Yield FundICICI Prudential Mutual Fund | 35,44,737 | 1.68% | ₹106.0 Cr |
| Bharat 22 ETFICICI Prudential Mutual Fund | 26,22,920 | 0.82% | ₹78.5 Cr |
Peers and competitors
Financial Institution, 8 listed companies, priced on 23 Oct 2026. The table lists the 7 companies closest to REC in market cap. 1 company in the table last traded before then: its row is priced on its last trade. 1 company in its own group left out: one owns more than half of the other, directly or through a company it controls, or one owner more than half of both.
Where the company sits among the companies nearest its size
| Company | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
 Indian Railway Finance CorporationIRFC | 97,295 | 13.2 | 1.6 | – | +12.5% | +7.9% | 12.6% | – | 1.39% | −4.92% | 2.96% |
 Housing & Urban Development CorporationHUDCO | 29,232 | 6.9 | 1.3 | – | +25.9% | +53.0% | 21.3% | – | 2.73% | 2.89% | 4.21% |
 Indian Renewable Energy Development AgencyIREDA | 28,168 | 14.3 | 2.0 | – | – | – | 14.4% | – | 2.16% | 3.92% | 1.35% |
 IFCIIFCI | 15,972 | 91.6 | 1.8 | 12.9 | +4.8% | – | 2.0% | 4.6% | – | – | 0.00% |
 Tourism Finance Corporation of IndiaTFCILTD | 6,832 | 44.3 | 5.2 | – | +14.8% | +41.4% | 12.2% | – | 5.47% | 6.89% | 0.41% |
 Haryana Financial CorporationHARAFIN | 1,189 | 156.2 | 6.9 | – | +2,363.4% | – | 4.5% | – | – | – | 0.00% |
 Gujarat State Financial corporationGUJSTATFIN | 76 | – | – | – | +7.1% | – | – | – | −56.12% | −65.65% | 0.00% |
Dividends
Per share, by the year it was paid for, and the latest payments.Dividend history and dates
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up.| Ex-date | Type | Per share |
|---|---|---|
| 14 Aug 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹1.55 |
| 31 Jul 2026 | Interim | ₹4.25 |
| 20 Mar 2026 | Interim | ₹3.20 |
| 6 Feb 2026 | Interim | ₹4.60 |
| 27 Oct 2025 | Interim | ₹4.60 |
| 14 Aug 2025 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹2.60 |
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
16 Oct · General Updates
12 Oct · General Updates
6 Oct · General Updates
REC share price by year
Each calendar year to 2025.REC share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 356.80 | −28.7% | 538.05 | 333.95 |
| 2024 | 500.70 | +21.3% | 645.80 | 419.70 |
| 2023 | 412.85 | +254.4% | 444.80 | 111.90 |
| 2022 | 116.50 | +16.1% | 116.50 | 83.40 |
| 2021 | 100.35 | −0.1% | 123.83 | 93.79 |
| 2020 | 100.43 | −6.4% | 116.29 | 60.86 |
| 2019 | 107.33 | +17.2% | 125.63 | 87.60 |
| 2018 | 91.61 | −21.6% | 122.96 | 68.29 |
| 2017 | 116.81 | +24.7% | 165.45 | 93.41 |
| 2016 | 93.64 | +10.2% | 104.44 | 57.47 |
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 301.00 | 302.00 | 290.65 | 293.95 | 293.65 | 31,59,284 | 40.0% |
| 22 Oct 2026 | 301.00 | 302.80 | 295.50 | 301.10 | 300.01 | 40,80,502 | 46.0% |
| 21 Oct 2026 | 303.65 | 305.35 | 299.05 | 302.50 | 300.80 | 64,41,685 | 58.8% |
| 19 Oct 2026 | 307.00 | 309.75 | 302.00 | 302.35 | 306.66 | 35,58,062 | 46.8% |
| 16 Oct 2026 | 311.00 | 312.20 | 306.45 | 307.80 | 308.42 | 53,37,744 | 58.4% |
| 15 Oct 2026 | 311.50 | 313.10 | 308.65 | 309.75 | 310.94 | 52,09,728 | 55.0% |
| 14 Oct 2026 | 307.00 | 314.95 | 304.30 | 311.80 | 310.21 | 93,70,924 | 62.0% |
| 13 Oct 2026 | 302.30 | 307.80 | 302.30 | 307.00 | 305.10 | 1,53,79,544 | 64.6% |
| 12 Oct 2026 | 300.00 | 307.70 | 300.00 | 301.00 | 304.33 | 69,09,261 | 60.2% |
| 9 Oct 2026 | 295.00 | 300.15 | 294.00 | 300.00 | 298.57 | 31,07,695 | 51.2% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus share history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 4 Jun 2024 | Price move | – | Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for. |
| 17 Aug 2022 | Bonus | 0.7500 | Holders received 1 bonus share for every 3 held. |
| 28 Sep 2016 | Bonus | 0.5000 | Holders received 1 bonus share for every 1 held. |
About REC
REC Limited is a Maharatna Central Public Sector Enterprise and a Non-Banking Financial Company, which means a lender that is not a bank. It is a Government of India enterprise. It provides long-term loans and other financial products to State, Centre and private sector companies for creating assets in the country.
Its products include long-term loans for power and infrastructure projects, and short-term and medium-term loans to power utilities for working capital, for a tenure of 1 to 3 years. It also offers debt refinancing for borrowers, term loans to manufacturers of power sector equipment, a revolving bills payment facility for power distribution companies, and strategic investments through equity, InvITs and AIFs. It finances the power sector (generation, transmission and distribution), renewable energy and new technologies, infrastructure and logistics projects such as roads and highways, metro, airports and ports, and the health sector.
The registered office is in New Delhi and the corporate office is in Gurugram, Haryana. REC also runs regional offices in cities including Bengaluru, Chennai, Hyderabad and Kolkata, and state offices in cities including Lucknow, Mumbai and Patna. Its training centre, REC Institute of Power Management and Training, is in Hyderabad. REC Power Development and Consultancy Limited is its wholly owned subsidiary.
It was incorporated in 1969 and is listed on NSE and BSE. Power Finance Corporation Limited is its holding company, meaning it controls REC. On 28 June 2026 the boards of REC and Power Finance Corporation approved a scheme to merge REC into Power Finance Corporation. The scheme is subject to approvals from shareholders, creditors and regulators.
- Legal name
- REC Limited
- NSE symbol
- RECLTD
- BSE code
- 532955
- ISIN
- INE020B01018
- Industry
- Finance
- Listed
- Mar 2008
- Face value
- ₹10
- CIN
- L40101DL1969GOI005095
- Corporate identity number, the registrar of companies' code for it