REC LIMITED (RECLTD) financials

REC LIMITED (RECLTD) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

REC is a Central Public Sector Undertaking under the Ministry of Power involved in financing projects in the complete power sector value chain from generation to distribution.[1]

Market Cap: ₹79,616Cr.
Current Price: ₹302
Stock P/E: 4.98
ROE: 20.3%
ROCE: 9.71%
Book Value: ₹318
Dividend Yield: 6.14%
52W High / Low: ₹388/286

In Jun 2026, REC LIMITED (RECLTD) reported sales ₹14,296 Cr and net profit ₹4,149 Cr.

Annual TTM: sales ₹58,710 Cr, net profit ₹15,981 Cr.

Shareholding: Promoters 52.63% (Sep 2026), FIIs 16.78% (Sep 2026), DIIs 16.55% (Sep 2026), Government 0.05% (Sep 2026), Public 13.97% (Sep 2026).

RECLTD quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	13,571	14,157	15,159	14,646	15,084	14,944	14,386	14,296
Interest	8,507	8,837	8,770	8,935	9,132	9,243	8,932	8,748
Expenses	44	219	1,013	145	404	586	1,071	367
Financing Profit	5,021	5,100	5,376	5,566	5,549	5,115	4,384	5,181
Financing Margin %	37%	36%	35%	38%	37%	34%	30%	36%
Other Income	25	16	15	87	10	8	20	35
Depreciation	6	6	6	7	7	7	7	7
Profit before tax	5,040	5,110	5,385	5,647	5,553	5,116	4,397	5,209
Tax %	21%	21%	21%	21%	20%	21%	24%	20%
Net Profit	4,005	4,029	4,236	4,451	4,426	4,043	3,362	4,149
EPS in Rs	15.21	15.30	16.09	16.90	16.81	15.35	12.77	15.76
Gross NPA %	—	—	—	—	—	—	—	—
Net NPA %	—	—	—	—	—	—	—	—
Raw PDF	—	—	—	—	—	—	—	—

RECLTD profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Revenue	29,773	35,392	39,169	39,216	47,159	55,912	59,142	58,710
Interest	18,997	21,489	22,053	23,738	29,949	34,135	36,241	36,055
Expenses	3,837	3,152	4,734	1,746	-545	1,953	2,196	2,428
Financing Profit	6,939	10,751	12,382	13,733	17,754	19,825	20,705	20,228
Financing Margin %	23%	30%	32%	35%	38%	35%	35%	34%
Other Income	54	15	61	30	50	60	35	74
Depreciation	10	10	18	24	24	24	27	27
Profit before tax	6,983	10,756	12,425	13,739	17,781	19,860	20,713	20,276
Tax %	30%	22%	19%	20%	21%	21%	21%	—
Net Profit	4,886	8,362	10,046	11,055	14,019	15,713	16,282	15,981
EPS in Rs	18.56	31.76	38.15	41.98	53.24	59.67	61.83	60.69
Dividend Payout %	44%	30%	30%	30%	30%	30%	30%	—

RECLTD balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	1,975	1,975	1,975	1,975	2,633	2,633	2,633	2,633
Reserves	32,328	33,102	41,451	49,011	55,046	66,150	74,446	81,099
Borrowing	244,321	286,340	329,782	333,102	380,836	445,614	496,848	515,330
Other Liabilities	19,093	25,071	27,025	26,325	26,361	33,043	39,628	40,014
Total Liabilities	297,717	346,488	400,233	410,413	464,877	547,440	613,555	639,076
Fixed Assets	162	162	266	628	641	631	628	614
CWIP	199	288	336	6	3	24	76	128
Investments	2,398	2,313	1,910	2,158	3,138	5,320	6,642	9,799
Other Assets	294,959	343,724	397,721	407,621	461,096	541,466	606,210	628,535
Total Assets	297,717	346,488	400,233	410,413	464,877	547,440	613,555	639,076

RECLTD cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	-36,013	-32,448	-43,520	-872	-37,482	-57,885	-39,182	5,914
Cash from Investing Activity	585	-136	864	-210	-804	-1,875	-1,146	-3,319
Cash from Financing Activity	35,559	33,919	42,119	68	38,111	59,588	40,034	-2,375
Net Cash Flow	131	1,335	-538	-1,014	-175	-173	-295	220
Free Cash Flow	-36,103	-32,548	-43,594	-919	-37,499	-57,918	-39,188	5,890

RECLTD shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	52.63%	52.63%	52.63%	52.63%	52.63%	52.63%	52.63%	52.63%
FIIs	21.74%	20.48%	19.16%	17.97%	16.46%	15.79%	15.76%	16.78%
DIIs	13.91%	14.79%	15.51%	15.86%	16.21%	16.36%	16.98%	16.55%
Government	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%
Public	11.67%	12.05%	12.65%	13.48%	14.64%	15.17%	14.57%	13.97%
No. of Shareholders	10,41,317	10,82,798	11,26,511	11,54,542	11,79,931	12,08,647	11,75,194	11,48,579

RECLTD key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROE %	17%	14%	21%	21%	20%	22%	22%	20%

RECLTDUpdated 21 Oct 2026, 6:00

Rec Limited

RECLTDUpdated 21 Oct 2026, 6:00

Market Cap

₹79,616Cr.

Current Price

₹302

High / Low

₹388/286

Stock P/E

4.98

ROE20.3%

ROCE9.71%

Book Value₹318

Face Value₹10.0

Dividend Yield6.14%

About

REC is a Central Public Sector Undertaking under the Ministry of Power involved in financing projects in the complete power sector value chain from generation to distribution.[1]

Quarterly results

Last reported quarters₹ Cr.

Quarter	Revenue	Interest	Expenses	Financing Profit	Financing Margin %	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	10976	7050	213	3713	34	5	6	3712	20	2961	11.24
Sep 2023	11576	7350	-573	4799	41	14	6	4807	22	3773	14.33
Dec 2023	11982	7653	227	4102	34	18	6	4114	21	3269	12.42
Mar 2024	12613	7896	-406	5124	41	30	6	5148	22	4016	15.25
Jun 2024	13023	8021	684	4318	33	14	6	4326	20	3442	13.07
Sep 2024	13571	8507	44	5021	37	25	6	5040	21	4005	15.21
Dec 2024	14157	8837	219	5100	36	16	6	5110	21	4029	15.3
Mar 2025	15159	8770	1013	5376	35	15	6	5385	21	4236	16.09
Jun 2025	14646	8935	145	5566	38	87	7	5647	21	4451	16.9
Sep 2025	15084	9132	404	5549	37	10	7	5553	20	4426	16.81
Dec 2025	14944	9243	586	5115	34	8	7	5116	21	4043	15.35
Mar 2026	14386	8932	1071	4384	30	20	7	4397	24	3362	12.77
Jun 2026	14296	8748	367	5181	36	35	7	5209	20	4149	15.76

Profit & loss

Annual statement₹ Cr.

Year	Revenue	Interest	Expenses	Financing Profit	Financing Margin %	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	20384	11845	1110	7430	36	4	7	7427	29	5260	19.98
Mar 2016	23752	14283	1422	8047	34	4	5	8045	30	5628	21.37
Mar 2017	23753	13450	1456	8847	37	19	5	8861	30	6246	23.72
Mar 2018	22461	13337	3240	5884	26	5	6	5884	25	4420	16.79
Mar 2019	25318	15642	1591	8086	32	22	7	8100	29	5764	21.89
Mar 2020	29773	18997	3837	6939	23	54	10	6983	30	4886	18.56
Mar 2021	35392	21489	3152	10751	30	15	10	10756	22	8362	31.76
Mar 2022	39169	22053	4734	12382	32	61	18	12425	19	10046	38.15
Mar 2023	39216	23738	1746	13733	35	30	24	13739	20	11055	41.98
Mar 2024	47159	29949	-545	17754	38	50	24	17781	21	14019	53.24
Mar 2025	55912	34135	1953	19825	35	60	24	19860	21	15713	59.67
Mar 2026	59142	36241	2196	20705	35	35	27	20713	21	16282	61.83
TTM	58710	36055	2428	20228	34	74	27	20276	—	15981	60.69

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	52.63%
FIIs	16.78%
DIIs	16.55%
Government	0.05%
Public	13.97%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Government	Public
Dec 2023	52.63%	20.6%	14.16%	0.04%	12.55%
Mar 2024	52.63%	19.91%	15.44%	0.05%	11.96%
Jun 2024	52.63%	20.43%	14.68%	0.05%	12.21%
Sep 2024	52.63%	21.22%	14.25%	0.05%	11.84%
Dec 2024	52.63%	21.74%	13.91%	0.05%	11.67%
Mar 2025	52.63%	20.48%	14.79%	0.05%	12.05%
Jun 2025	52.63%	19.16%	15.51%	0.05%	12.65%
Sep 2025	52.63%	17.97%	15.86%	0.05%	13.48%
Dec 2025	52.63%	16.46%	16.21%	0.05%	14.64%
Mar 2026	52.63%	15.79%	16.36%	0.05%	15.17%
Jun 2026	52.63%	15.76%	16.98%	0.05%	14.57%
Sep 2026	52.63%	16.78%	16.55%	0.05%	13.97%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	987	23870	7294	183175	74	7	1613	181480	183175
Mar 2016	987	27630	8629	206353	119	32	2467	203736	206353
Mar 2017	1975	31351	8393	209236	121	60	2696	206359	209236
Mar 2018	1975	30328	4927	241669	128	129	2825	238587	241669
Mar 2019	1975	32328	19093	297717	162	199	2398	294959	297717
Mar 2020	1975	33102	25071	346488	162	288	2313	343724	346488
Mar 2021	1975	41451	27025	400233	266	336	1910	397721	400233
Mar 2022	1975	49011	26325	410413	628	6	2158	407621	410413
Mar 2023	2633	55046	26361	464877	641	3	3138	461096	464877
Mar 2024	2633	66150	33043	547440	631	24	5320	541466	547440
Mar 2025	2633	74446	39628	613555	628	76	6642	606210	613555
Mar 2026	2633	81099	40014	639076	614	128	9799	628535	639076

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	-23992	245	23076	-670
Mar 2016	-13205	-740	15150	1206
Mar 2017	6794	139	-4173	2760
Mar 2018	-32778	288	28236	-4254
Mar 2019	-36013	585	35559	131
Mar 2020	-32448	-136	33919	1335
Mar 2021	-43520	864	42119	-538
Mar 2022	-872	-210	68	-1014
Mar 2023	-37482	-804	38111	-175
Mar 2024	-57885	-1875	59588	-173
Mar 2025	-39182	-1146	40034	-295
Mar 2026	5914	-3319	-2375	220

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROE %	23%	21%	20%	13%	17%	14%	21%	21%	20%	22%	22%	20%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of REC LIMITED (RECLTD)?

The reported market capitalisation for REC LIMITED (RECLTD) is ₹79,616Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of RECLTD?

The current price shown for REC LIMITED (RECLTD) on Fincrux is ₹302 with a 52-week high/low of ₹388/286.

What is the P/E ratio of REC LIMITED (RECLTD)?

The stock P/E for REC LIMITED (RECLTD) is 4.98 on Fincrux, with ROE at 20.3% and ROCE at 9.71%.

What were RECLTD latest quarterly results?

For Jun 2026, REC LIMITED (RECLTD) reported sales ₹14,296 Cr and net profit ₹4,149 Cr (figures in ₹ crore unless noted).

What are RECLTD annual sales and net profit?

For TTM, REC LIMITED (RECLTD) shows sales of ₹58,710 Cr and net profit of ₹15,981 Cr on the Fincrux profit & loss statement.

Who owns REC LIMITED (RECLTD)?

Latest shareholding for REC LIMITED (RECLTD) on Fincrux: Promoters 52.63% (Sep 2026), FIIs 16.78% (Sep 2026), DIIs 16.55% (Sep 2026), Government 0.05% (Sep 2026), Public 13.97% (Sep 2026).

Where can I find REC LIMITED (RECLTD) financials?

REC LIMITED (RECLTD) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show RECLTD balance sheet and cash flow?

Yes. The REC LIMITED (RECLTD) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 21 October 2026 at 6:00