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86% Buy

REC Share Price

RECLTD

₹510.50+₹3.80 (0.75%) TodayLast updated on 21 Jun, 2024 | 03:57 PM IST
₹505.15₹522.30
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Company overview

Financial performance

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Market cap

Market Cap Switch₹1,40,259 Crs

Open

₹509.50

Close

₹506.70

Circuit range

₹561.55 - ₹459.45

Day range

₹505.15 - ₹522.30

Year range

₹155.20 - ₹607.80

Volume

1,54,71,249

Avg. traded

₹514.57

Revenue (12m)

₹47,030 Crs

REC

Rural Electrification Corporation Limited (REC) is a Maharatna Central Public Sector Enterprise (CPSE) operating under the Ministry of Power. It’s primarily engaged in funding and arranging finances for electrification projects across the country. It is registered with the Reserve Bank of India (RBI) as a non-banking finance company (NBFC), public financial institution (PFI) and infrastructure financing company (IFC).

REC was incorporated in 1969 and was listed on the National Stock Exchange and the BSE on March 12, 2008. The market capitalisation of REC Limited stood at over ₹1 lakh crore as of December 20, 2023. REC Limited share price has gained over 291% in the last three years.

Business operations

REC provides financial support to state electricity boards, state government departments and rural electric cooperatives for electrification projects. The corporation offers loan assistance to SEBs/State Power Utilities to facilitate investments in schemes dedicated to rural electrification.

REC is a major player in the government's primary power sector schemes. It has served as the nodal agency for programmes like Pradhan Mantri Sahaj Bijli Har Ghar Yojana (SAUBHAGAYA), Deen Dayal Upadhaya Gram Jyoti Yojana (DDUGJY) and National Electricity Fund (NEF) Scheme. These schemes and REC's contributions significantly improved the last-mile distribution system, achieved 100% village electrification and ensured household electrification across the country. REC Ltd has also been entrusted as the nodal agency for specific states under the Revamped Distribution Sector Scheme (RDSS).

REC Ltd has expanded into the non-power infrastructure domain, including roads and expressways, metro rail, airports, IT communication, social and commercial infrastructure (such as educational institutions and hospitals), ports and electro-mechanical (E&M) works. This expansion caters to various sectors including steel and refinery.

The Ministry of Power has granted REC permission to extend loans to the non-power infrastructure and logistics sector. Within the first year alone, REC approved more than ₹85,700 crore for various projects. These initiatives include metro systems, ports, airports, oil refineries, highways, steel infrastructure, healthcare, educational institutions, as well as sectors like IT infrastructure and fibre optics.

REC operates across the country with 22 state offices to ensure efficient service delivery nationwide. REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC, offers a variety of enhanced consultancy services within the power sector. RECPDCL is also involved in delivering efficient and cost-effective services across various segments of the power sector, including project implementation and consultancy services.

REC Power Development and Consultancy Limited (RECPDCL) is also working on NFMS (National Feeder Monitoring Scheme) to monitor the reliability and quality of power at a national level, aimed at an uninterrupted 24x7 power supply for all. The subsidiary is also developing unified billing and other software to be used by government discoms/power departments across the country.

REC Ltd also has a training institute called REC Institute of Power Management & Training (RECIPMT) in Hyderabad. RECIPMT conducts various training programmes covering diverse areas such as electricity generation, transmission, distribution systems and non-conventional/renewable energy systems.

Financial Highlights

The company’s revenue from operations for FY 2022-23 stood at ₹39,478.26 crore, up 0.5% from ₹39,269.05 crore in FY 2021-22. The company's profit after tax increased by 11.2% to ₹11,166.98 crore in FY23 from ₹10,035.70 crore in FY22. In FY23, EBITDA (earnings before interest, taxes, depreciation, and amortisation) stood at ₹14,745.39 crore, down 9.7% from ₹16,337.18 crore in FY22. The company's earnings per share (EPS) stood at ₹41.85 in FY23 compared to ₹38.02 in the previous financial year.

REC Key indicators

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52 week high

₹607.80

52 week low

₹155.20

P/E ratio

9.94

P/B ratio

2.02

ROE

20.56%

ROCE

9.11%

Dividend yield

3.17%

Debt/Equity ratio

6.6

EPS

41.98

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Investment checklist: (3/6)

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Equity returns

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Dividend returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

86%

Hold

14%

Sell

0%

This analysis is based on the reviews of 7 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

95.67%

Net profit margin

28.19%

ROE

20.56%

ROA

2.53%

ROCE

9.11%

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REC Shareholder returns

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1 day

+0.75%

1 week

-2.11%

1 month

-6.66%

3 months

+13.38%

1 year

+211.57%

3 years

+360.86%

5 years

+340.28%

REC Share Price history

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DayOpenCloseDay’s change
Fri, Jun 21 2024
₹509.50
₹510.50
+0.75%
Thu, Jun 20 2024
₹516.00
₹506.70
-1.73%
Wed, Jun 19 2024
₹529.75
₹515.60
-2.34%
Tue, Jun 18 2024
₹533.05
₹527.95
-0.88%
Fri, Jun 14 2024
₹523.00
₹532.65
+2.14%
Thu, Jun 13 2024
₹520.90
₹521.50
+0.98%
Wed, Jun 12 2024
₹512.00
₹516.45
+1.15%
Tue, Jun 11 2024
₹512.55
₹510.60
-0.12%

Shareholding info

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Promoters (52.63%)

Mutual Funds (9.48%)

Retail and other (11.95%)

Foreign institutions-FII (19.91%)

Other domestic institutions (6.02%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹5/share

    Ex date 28 Jun 2024

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  • Dividend • ₹4.5/share

    Ex date 28 Mar 2024

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  • Dividend • ₹3.5/share

    Ex date 13 Nov 2023

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  • Dividend • ₹3/share

    Ex date 14 Aug 2023

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  • Dividend • ₹4.35/share

    Ex date 14 Jul 2023

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  • Dividend • ₹3.25/share

    Ex date 09 Feb 2023

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  • Dividend • ₹5/share

    Ex date 07 Nov 2022

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  • Bonus • 1:3

    Ex date 17 Aug 2022

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  • Dividend • ₹4.8/share

    Ex date 12 Jul 2022

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  • Dividend • ₹6/share

    Ex date 15 Feb 2022

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  • Dividend • ₹2.5/share

    Ex date 11 Nov 2021

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Frequently asked questions