REC Limited (RECLTD.NS) Stock Price

REC Limited Price

NSE·CLOSED
364.75INR​
Market closed

Revenue has compounded at 19% per year over the past 19 years to 563.68 B INR. Earnings per share have grown at 17% per year over the last 19 years. REC Limited's net margin stands at 28.2%, up from 23.9% several years earlier. REC Limited currently offers a dividend yield of about 5.4%. The payout ratio is around 33% of earnings. The dividend has grown at 11.7% per year over the past 17 years.

REC Limited stock price

Volume
Ex-Dividend
Details

Stock Price

ⓘ

How to Read This Chart

This chart tracks the historical stock price of REC Limited over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how REC Limited stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing REC Limited's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

REC Limited Stock Price History
DateREC Limited Price
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REC Limited Revenue, EBIT, Net Income

  • 3 Years

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2006
20.71 B INR
6.56 B INR
6.38 B INR
Jan 1, 2007
26.52 B INR
8.01 B INR
6.6 B INR
Jan 1, 2008
33.78 B INR
11.53 B INR
8.62 B INR
Jan 1, 2009
47.57 B INR
17.43 B INR
12.74 B INR
Jan 1, 2010
65.8 B INR
25.13 B INR
20.22 B INR
Jan 1, 2011
83.06 B INR
32.73 B INR
25.85 B INR
Jan 1, 2012
104.29 B INR
37.54 B INR
28.39 B INR
Jan 1, 2013
135.7 B INR
51.18 B INR
38.33 B INR
Jan 1, 2014
171.23 B INR
65.11 B INR
47.41 B INR
Jan 1, 2015
203.88 B INR
73.92 B INR
53.44 B INR
Jan 1, 2016
240.15 B INR
80.48 B INR
56.91 B INR
Jan 1, 2017
242.58 B INR
88.7 B INR
63.13 B INR
Jan 1, 2018
226.59 B INR
88.33 B INR
44.51 B INR
Jan 1, 2019
254.08 B INR
91.82 B INR
57.41 B INR
Jan 1, 2020
299.36 B INR
102.55 B INR
49.72 B INR

REC Limited Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 7, 2026, 5:22 AM
 
REVENUE (B INR)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (B INR)
NET INCOME (B INR)
NET INCOME GROWTH (%)
DIV. (INR)
DIV. GROWTH (%)
SHARES (B)
DOCUMENTS
202120222023202420252026e2027e2028e
349.83389.29394.86475.17563.68230.75258.47288.55
16.8611.281.4320.3418.63-59.0612.0211.64
38.2943.1539.7236.5739.1495.685.3576.45
133.96167.96156.82173.77220.6220.6220.6220.6
83.78100.36111.67141.46158.84171.32182.18197.72
68.519.7811.2726.6712.297.866.348.53
16.515.815.81719.74.622.3324.39
–-4.24–7.5915.88-76.65385.439.23
2.632.632.632.632.632.632.632.63
––––––––
Details

Income Statement Key Figures

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Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales REC Limited generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue REC Limited retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare REC Limited's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares REC Limited has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against REC Limited's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

REC Limited stock margins

The REC Limited margin analysis displays the gross margin, EBIT margin, as well as the profit margin of REC Limited. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for REC Limited.

  • 3 Years

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  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2006
35.33 %
31.69 %
30.78 %
Jan 1, 2007
34.35 %
30.19 %
24.9 %
Jan 1, 2008
38.91 %
34.12 %
25.51 %
Jan 1, 2009
39.3 %
36.63 %
26.77 %
Jan 1, 2010
40.86 %
38.2 %
30.73 %
Jan 1, 2011
41.59 %
39.4 %
31.12 %
Jan 1, 2012
38.83 %
36 %
27.22 %
Jan 1, 2013
40.43 %
37.72 %
28.24 %
Jan 1, 2014
41.39 %
38.03 %
27.69 %
Jan 1, 2015
41.92 %
36.26 %
26.21 %
Jan 1, 2016
40.66 %
33.51 %
23.7 %
Jan 1, 2017
43.28 %
36.56 %
26.03 %
Jan 1, 2018
40.48 %
38.98 %
19.64 %
Jan 1, 2019
37.98 %
36.14 %
22.6 %
Jan 1, 2020
36.24 %
34.26 %
16.61 %

REC Limited Stock Revenue, EBIT, Earnings per Share

The REC Limited earnings per share therefore indicates how much revenue REC Limited has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

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  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2006
9.95 INR
3.15 INR
3.06 INR
Jan 1, 2007
12.74 INR
3.85 INR
3.17 INR
Jan 1, 2008
16.11 INR
5.5 INR
4.11 INR
Jan 1, 2009
20.77 INR
7.61 INR
5.56 INR
Jan 1, 2010
28.44 INR
10.86 INR
8.74 INR
Jan 1, 2011
31.55 INR
12.43 INR
9.82 INR
Jan 1, 2012
39.61 INR
14.26 INR
10.78 INR
Jan 1, 2013
51.54 INR
19.44 INR
14.56 INR
Jan 1, 2014
65.03 INR
24.73 INR
18.01 INR
Jan 1, 2015
77.43 INR
28.07 INR
20.3 INR
Jan 1, 2016
91.21 INR
30.57 INR
21.62 INR
Jan 1, 2017
92.13 INR
33.69 INR
23.98 INR
Jan 1, 2018
86.06 INR
33.55 INR
16.9 INR
Jan 1, 2019
96.5 INR
34.87 INR
21.81 INR
Jan 1, 2020
113.7 INR
38.95 INR
18.88 INR

REC Limited business model & stock analysis

REC Limited is a leading Indian financial institution specializing in the financing of renewable energy projects. The company was founded in 1969 and is headquartered in New Delhi, India. Its business scope includes financing, construction, and operation of renewable energy infrastructure projects in India. REC supports both the public and private sectors in financing and building infrastructure facilities. The company not only finances renewable energy but also projects in energy-saving technology, electricity transmission/distribution, and other energy projects. REC has built an impressive reputation as a financial service provider with around 50 years of experience in infrastructure project financing. The company's business model includes supporting a rapid and sustainable energy transition through joint financing of projects, aiming to meet renewable energy needs while protecting the environment. REC operates in various sectors, including renewable energy financing, construction of power transmission infrastructure, and providing energy consulting services. The company offers a range of products, from simple solar systems to large solar and wind parks. It also provides infrastructure products such as transformers, power lines, and distributors. One distinguishing aspect of REC compared to other financial institutions is its ongoing support for smaller projects. The company strives to promote startups and initiatives that contribute to improving India's energy supply. Supporting smaller projects sets the company apart as an innovator and helps diversify India's energy supply. Recently, REC has expanded its international presence by joining the International Solar Alliance (ISA). Established in 2015, ISA aims to promote the development and use of renewable energy in over 112 countries. As a member of this alliance, REC can not only expand its international presence but also benefit from applying its global experiences in India. Overall, REC Limited is a leading financial institution focusing on promoting renewable energy in India. With its emphasis on financing infrastructure projects, diversity of services, and wide range of products, REC has built an impressive reputation in the industry.

REC Limited SWOT Analysis

Strengths

  • Established market player: REC Limited holds a strong position in the market as a leading government-owned company in the power sector.
  • Extensive experience: With several decades of operations, REC Limited has gained significant expertise in financing and supporting various power projects.
  • Diversified loan portfolio: REC Limited offers a range of financing options across renewable energy, transmission and distribution, rural electrification, and coal-based power projects.

Weaknesses

  • Dependency on government policies: REC Limited's growth and profitability are subject to changes in government policies and regulations related to the power sector, which can impact its operations.
  • Limited geographical presence: The company primarily operates within India, which makes it susceptible to regional economic and political factors.
  • Reliance on loan repayments: REC Limited's revenue generation is dependent on borrowers' repayment of loans, which introduces potential credit risk.

Opportunities

  • Growing renewable energy market: With increasing focus on renewable energy, REC Limited has the opportunity to expand its financing services to support the development of solar, wind, and other clean energy projects.
  • Infrastructure development: India's continued drive to improve power infrastructure and electrification in rural areas provides REC Limited with potential opportunities for growth and financing partnerships.
  • Government initiatives: Government initiatives such as Make in India, Smart Cities Mission, and Atmanirbhar Bharat present avenues for REC Limited to participate in various infrastructure projects and provide financing solutions.

Threats

  • Intense competition: The power sector in India is highly competitive, and REC Limited faces competition from other financial institutions and non-banking financial companies.
  • Economic volatility: Macroeconomic factors, including fluctuations in interest rates and currency exchange rates, can impact REC Limited's borrowing costs and profitability.
  • Regulatory changes: Changes in policies and regulations related to the power sector, including tariff regulations, can create uncertainties and affect REC Limited's operations and revenue streams.

REC Limited Eulerpool Fair Value

REC Limited historical P/E ratio, EBIT multiple, and P/S ratio

REC Limited annual returns

Details

Annual Return

ⓘ

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

REC Limited shares outstanding

The number of shares was REC Limited in 2025 — This indicates how many shares 2.633 B is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

  • 3 Years

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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2006
2.08 B base_Shares
Jan 1, 2007
2.08 B base_Shares
Jan 1, 2008
2.1 B base_Shares
Jan 1, 2009
2.29 B base_Shares
Jan 1, 2010
2.31 B base_Shares
Jan 1, 2011
2.63 B base_Shares
Jan 1, 2012
2.63 B base_Shares
Jan 1, 2013
2.63 B base_Shares
Jan 1, 2014
2.63 B base_Shares
Jan 1, 2015
2.63 B base_Shares
Jan 1, 2016
2.63 B base_Shares
Jan 1, 2017
2.63 B base_Shares
Jan 1, 2018
2.63 B base_Shares
Jan 1, 2019
2.63 B base_Shares
Jan 1, 2020
2.63 B base_Shares

REC Limited Dividend History

19 years of dividend payments · 2 consecutive increases

YearAnnual DividendYoY ChangePayments
20264.6INRYTD—1×
Feb 6, 20264.6INR 0.0%1/1
202519.7INR↑ 15.9%5×
Feb 14, 20254.3INR↑ 7.5%1/5
Mar 26, 20253.6INR↓ 16.3%2/5
Aug 1, 20254.6INR↑ 27.8%3/5
Aug 14, 20252.6INR↓ 43.5%4/5
Oct 27, 20254.6INR↑ 76.9%5/5
202417INR↑ 20.6%4×
202314.1INR↓ 10.8%4×
202215.8INR↑ 40.9%3×
202111.21INR↓ 34.1%4×
202017INR↑ 54.5%2×
201911INR↑ 20.2%1×
20189.15INR↓ 5.2%2×
20179.65INR↓ 43.6%2×

REC Limited dividend history and estimates

In 2025, REC Limited paid a dividend amounting to 19.7 INR. Dividend means that REC Limited distributes a portion of its profits to its owners.

  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Invalid Date
0 INR
3 INR
Jan 1, 2009
4.5 INR
0 INR
Jan 1, 2010
6.5 INR
0 INR
Jan 1, 2011
7.5 INR
0 INR
Jan 1, 2012
7.5 INR
0 INR
Jan 1, 2013
8.25 INR
0 INR
Jan 1, 2014
9.5 INR
0 INR
Jan 1, 2015
10.7 INR
0 INR
Jan 1, 2016
17.1 INR
0 INR
Jan 1, 2017
9.65 INR
0 INR
Jan 1, 2018
9.15 INR
0 INR
Jan 1, 2019
11 INR
0 INR
Invalid Date
17 INR
-0.5 INR
Invalid Date
11.21 INR
5.29 INR
Jan 1, 2022
15.8 INR
0 INR

REC Limited dividend payout ratio

In 2025, REC Limited had a payout ratio of 32.66%. The payout ratio indicates the percentage of the company's profits that REC Limited distributes as dividends.

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  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2006
32.52 %
Jan 1, 2007
32.52 %
Jan 1, 2008
27.37 %
Jan 1, 2009
30.35 %
Jan 1, 2010
27.89 %
Jan 1, 2011
28.64 %
Jan 1, 2012
26.09 %
Jan 1, 2013
21.25 %
Jan 1, 2014
19.78 %
Jan 1, 2015
19.77 %
Jan 1, 2016
29.67 %
Jan 1, 2017
30.18 %
Jan 1, 2018
40.61 %
Jan 1, 2019
37.84 %
Jan 1, 2020
67.53 %
Price targets and forecasts for REC Limited are not yet available.

EESG©

Eulerpool ESG Scorecard© for the REC Limited stock

68/100
91
Environment
99
Social
15
Governance
E

Environment

20
Scope 1 - Direct Emissions555.37
Scope 2 - Indirect emissions from purchased energy1,577.17
Scope 3 - Indirect emissions within the value chain10,295.23
Total CO₂ emissions2,132.54
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather—
Pesticides—
Palm Oil—
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees15.2
Percentage of women in management—
Percentage of Asian employees—
Share of Asian management—
Percentage of Hispanic/Latino employees—
Hispano/Latino Management share—
Percentage of Black employees—
Black Management Share—
Percentage of white employees—
White Management Share—
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

REC Limited shareholder structure

% Name
52.63486%
Power Finance Corporation Ltd
Power Finance Corporation Ltd
1.61857%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
1.49268%
ICICI Prudential Asset Management Co. Ltd.
ICICI Prudential Asset Management Co. Ltd.
1.37669%
Nippon Life India Asset Management Limited
Nippon Life India Asset Management Limited
1.34897%
Life Insurance Corporation of India
Life Insurance Corporation of India
1.18301%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
...

REC Limited Executives and Management Board

SS

Shri. Vijay Singh

(59)

Executive Director, Director - Technical (Projects)

Compensation9.69 M INR
SA

Shri. Jyoti Amitabh

Executive Director - Law, Company Secretary, Compliance Officer · since 2012

Compensation8.44 M INR
SD

Shri. Vivek Dewangan

(56)

Chairman of the Board, Director (Finance), Managing Director · since 2022

Compensation4.04 M INR
ST

Shri. Narayanan Thirupathy

(56)

Non-Executive Independent Director

Compensation790,000 INR
SS

Shri. Manoj Sharma

(58)

Nominee Non-Executive Director - Power Finance Corporation Limited

Compensation500,000 INR

Frequently asked questions about REC Limited

The main competitors of REC Limited in the market are Power Finance Corporation (PFC), Rural Electrification Corporation (REC), and Infrastructure Leasing & Financial Services Ltd (IL&FS).

All fundamentals and in-depth analysis of REC Limited

Our stock analysis for REC Limited Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of REC Limited Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

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