REC Limited (RECLTD.NS) Stock Price

REC Limited Price

NSE·CLOSED
336.90INR-1.60 (-0.47 %)
Market closed

Revenue has compounded at 19.0% per year over the past 19 years to 563.68 B INR. Earnings per share have grown at 17.0% 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 5.85%. The payout ratio is around 33% of earnings. The dividend has grown at 11.7% per year over the past 17 years. Analysts set a median price target of 484.50 INR, implying 43.8% above the current price. Of 17 analysts, 15 rate the stock a buy — an overall Buy consensus. The stock trades about 10% above its 52-week low.

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
8/19/2026336.90 INR
8/18/2026338.50 INR
8/17/2026340.00 INR
8/14/2026335.00 INR
8/13/2026344.40 INR
8/12/2026346.00 INR
8/11/2026344.70 INR
8/10/2026343.75 INR
8/7/2026367.00 INR
8/6/2026361.50 INR
8/5/2026366.00 INR
8/4/2026369.55 INR
7/31/2026372.95 INR
7/30/2026375.80 INR
7/29/2026374.25 INR
7/28/2026369.70 INR
7/27/2026368.15 INR
7/24/2026361.60 INR
7/23/2026358.60 INR
7/22/2026360.65 INR
7/21/2026362.05 INR
7/20/2026363.50 INR
7/17/2026355.10 INR
7/16/2026349.60 INR
7/15/2026351.70 INR
7/14/2026352.45 INR
7/13/2026351.05 INR
7/10/2026351.95 INR
7/9/2026352.00 INR
7/8/2026348.75 INR
7/7/2026356.25 INR
7/6/2026364.75 INR
7/3/2026365.35 INR
7/2/2026369.60 INR
7/1/2026370.10 INR
6/30/2026363.80 INR
6/29/2026364.95 INR
6/25/2026364.65 INR
6/24/2026363.65 INR
6/23/2026361.90 INR
6/22/2026369.85 INR
6/19/2026355.35 INR
6/18/2026358.70 INR
6/17/2026358.75 INR
6/16/2026356.55 INR
6/15/2026353.35 INR
6/12/2026348.05 INR
6/11/2026336.85 INR
6/10/2026351.15 INR
6/9/2026352.10 INR
6/8/2026343.40 INR
6/5/2026343.90 INR
6/4/2026335.20 INR
6/3/2026325.65 INR
6/2/2026325.05 INR
6/1/2026331.40 INR
5/29/2026337.65 INR
5/27/2026339.70 INR
5/26/2026337.60 INR
5/25/2026342.20 INR
5/22/2026336.95 INR
5/21/2026333.70 INR
5/20/2026330.25 INR
5/19/2026334.25 INR
5/18/2026333.70 INR
5/15/2026345.85 INR
5/14/2026348.30 INR
5/13/2026346.55 INR
5/12/2026344.35 INR
5/11/2026351.55 INR
5/8/2026359.40 INR
5/7/2026359.75 INR
5/6/2026359.10 INR
5/5/2026356.40 INR
5/4/2026353.50 INR
5/1/2026354.30 INR
4/30/2026354.30 INR
4/29/2026363.55 INR
4/28/2026375.80 INR
4/27/2026378.05 INR
4/24/2026374.00 INR
4/23/2026376.45 INR
4/22/2026383.35 INR
4/21/2026383.35 INR
4/20/2026382.70 INR
4/17/2026373.30 INR
4/16/2026364.20 INR
4/15/2026352.65 INR
4/13/2026347.00 INR
4/10/2026349.80 INR
4/9/2026346.80 INR
4/8/2026342.65 INR
4/7/2026329.35 INR
4/6/2026327.55 INR
4/2/2026324.80 INR
4/1/2026322.10 INR
3/30/2026305.10 INR
3/27/2026318.45 INR
3/25/2026327.70 INR
3/24/2026320.80 INR
3/23/2026316.45 INR
3/20/2026330.50 INR
3/19/2026333.40 INR
3/18/2026348.40 INR
3/17/2026338.90 INR
3/16/2026331.55 INR
3/13/2026331.20 INR
3/12/2026343.95 INR
3/11/2026332.60 INR
3/10/2026335.45 INR
3/9/2026325.50 INR
3/6/2026338.90 INR
3/5/2026342.80 INR
2/27/2026349.80 INR
2/26/2026354.10 INR
2/25/2026354.05 INR
2/23/2026352.30 INR
2/20/2026354.20 INR
2/19/2026353.55 INR
2/18/2026363.90 INR
2/17/2026358.60 INR
2/16/2026354.15 INR
2/13/2026346.00 INR
2/12/2026350.65 INR
2/11/2026354.45 INR
2/10/2026355.80 INR
2/9/2026359.20 INR
2/6/2026372.60 INR
2/5/2026382.10 INR
2/4/2026381.05 INR
2/3/2026372.50 INR
2/2/2026364.75 INR
1/30/2026364.10 INR
1/29/2026375.30 INR
1/28/2026377.50 INR
1/27/2026366.00 INR
1/23/2026362.70 INR
1/22/2026366.20 INR
1/21/2026355.80 INR
1/20/2026358.40 INR
1/19/2026369.80 INR
1/16/2026371.00 INR
1/14/2026369.90 INR
1/13/2026366.80 INR
1/12/2026370.40 INR
1/9/2026363.60 INR
1/8/2026370.80 INR
1/7/2026385.00 INR
1/6/2026382.50 INR
1/5/2026381.00 INR
1/2/2026381.50 INR
1/1/2026368.50 INR
12/31/2025356.80 INR
12/30/2025351.40 INR
12/29/2025355.95 INR
12/26/2025357.20 INR
12/24/2025354.90 INR
12/23/2025354.00 INR
12/22/2025344.30 INR
12/19/2025339.20 INR
12/18/2025337.00 INR
12/17/2025333.30 INR
12/16/2025334.80 INR
12/15/2025342.50 INR
12/12/2025344.15 INR
12/11/2025344.30 INR
12/10/2025342.60 INR
12/9/2025342.70 INR
12/8/2025341.95 INR
12/5/2025353.90 INR
12/4/2025352.05 INR
12/3/2025350.85 INR
12/2/2025357.45 INR
12/1/2025358.20 INR
11/28/2025360.55 INR
11/27/2025362.60 INR
11/26/2025356.40 INR
11/25/2025351.30 INR
11/24/2025356.85 INR
11/21/2025358.20 INR
11/20/2025361.75 INR
11/19/2025360.05 INR
11/18/2025359.05 INR
11/17/2025361.85 INR
11/14/2025358.05 INR
11/13/2025359.40 INR
11/12/2025361.95 INR
11/11/2025362.10 INR
11/10/2025362.40 INR
11/7/2025364.95 INR
11/6/2025362.80 INR
11/4/2025370.65 INR
11/3/2025379.20 INR
10/31/2025374.85 INR
10/30/2025378.80 INR
10/29/2025388.00 INR
10/28/2025369.30 INR
10/27/2025373.70 INR
10/24/2025372.95 INR
10/23/2025375.00 INR
10/21/2025376.55 INR
10/20/2025374.70 INR
10/17/2025374.90 INR
10/16/2025377.50 INR
10/15/2025375.80 INR
10/14/2025369.50 INR
10/13/2025371.50 INR
10/10/2025372.60 INR
10/9/2025371.60 INR
10/8/2025372.80 INR
10/7/2025377.75 INR
10/6/2025377.95 INR
10/3/2025380.50 INR
10/1/2025378.20 INR
9/30/2025372.85 INR
9/29/2025372.00 INR
9/26/2025367.40 INR
9/25/2025375.25 INR
9/24/2025382.00 INR
9/23/2025386.70 INR
9/22/2025384.00 INR
9/19/2025385.80 INR
9/18/2025384.40 INR
9/17/2025384.05 INR
9/16/2025380.50 INR
9/15/2025378.45 INR
9/12/2025373.30 INR
9/11/2025374.65 INR
9/10/2025370.95 INR
9/9/2025368.10 INR
9/8/2025369.80 INR
9/5/2025366.95 INR
9/4/2025364.30 INR
9/3/2025367.80 INR
9/2/2025365.30 INR
9/1/2025361.75 INR
8/29/2025350.00 INR
8/28/2025355.00 INR
8/26/2025363.55 INR
8/25/2025375.00 INR
8/22/2025376.10 INR
Access this data via the Eulerpool API
Get Free API Key

REC Limited Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2022
389.29 B INR
163.02 B INR
100.36 B INR
Jan 1, 2023
394.86 B INR
151.39 B INR
111.67 B INR
Jan 1, 2024
475.17 B INR
167.12 B INR
141.45 B INR
Jan 1, 2025
563.68 B INR
213.04 B INR
158.84 B INR
Jan 1, 2026 (e)
221.54 B INR
106.43 B INR
166.74 B INR
Jan 1, 2027 (e)
234.93 B INR
112.86 B INR
170.64 B INR
Jan 1, 2028 (e)
254.49 B INR
122.25 B INR
180.98 B INR
Jan 1, 2029 (e)
282.77 B INR
135.84 B INR
199.52 B INR

REC Limited Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 21, 2026, 4:19 PM
 
REVENUEB INR
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB INR
EBITB INR
EBIT MARGIN%
NET INCOMEB INR
NET INCOME GROWTH%
DIV.INR
DIV. GROWTH%
SHARESB
2014201520162017201820192020202120222023202420252026e2027e2028e2029e
171.23203.88240.15242.58226.59254.08299.36349.83389.29394.86475.17563.68221.54234.93254.49282.77
26.1819.0717.791.01-6.5912.1317.8216.8611.281.4320.3418.63-60.706.048.3311.11
41.3941.9240.6643.2840.4837.9836.2438.2943.1539.7236.5739.1439.1439.1439.1439.14
70.8785.4697.65104.9891.7396.49108.48133.96167.96156.82173.77220.6086.7091.9499.60110.67
65.1173.9280.4888.7088.3391.82102.55129.70163.02151.39167.12213.04106.43112.86122.25135.84
38.0336.2633.5136.5638.9836.1434.2637.0741.8838.3435.1737.7948.0448.0448.0448.04
47.4153.4456.9163.1344.5157.4149.7283.78100.36111.67141.46158.84166.74170.64180.98199.52
23.7012.726.4910.93-29.5129.01-13.4068.5019.7811.2726.6712.294.972.346.0610.24
9.5010.7017.109.659.1511.0016.5016.5015.8015.8017.0019.7019.6023.5228.22–
15.1512.6359.81-43.57-5.1820.2250.00–-4.24–7.5915.88-0.5120.0019.98–
2.632.632.632.632.632.632.632.632.632.632.632.632.632.632.632.63
Details

Income Statement Key Figures

ⓘ

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

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
38.29 %
37.07 %
23.95 %
Jan 1, 2022
43.15 %
41.88 %
25.78 %
Jan 1, 2023
39.72 %
38.34 %
28.28 %
Jan 1, 2024
36.57 %
35.17 %
29.77 %
Jan 1, 2025
39.14 %
37.79 %
28.18 %
Jan 1, 2026 (e)
39.14 %
48.04 %
75.26 %
Jan 1, 2027 (e)
39.14 %
48.04 %
72.64 %
Jan 1, 2028 (e)
39.14 %
48.04 %
71.12 %

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.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
132.86 INR
49.26 INR
31.82 INR
Jan 1, 2022
147.85 INR
61.91 INR
38.12 INR
Jan 1, 2023
149.95 INR
57.49 INR
42.41 INR
Jan 1, 2024
180.45 INR
63.47 INR
53.72 INR
Jan 1, 2025
214.06 INR
80.91 INR
60.32 INR
Jan 1, 2026 (e)
84.13 INR
40.42 INR
63.32 INR
Jan 1, 2027 (e)
89.22 INR
42.86 INR
64.80 INR
Jan 1, 2028 (e)
96.64 INR
46.43 INR
68.73 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

Details

Fair Value Estimate

ⓘ

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

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 of REC Limited was 2.63 B in 2025. This indicates how many shares REC Limited is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
2.63 B Stocks
Jan 1, 2022
2.63 B Stocks
Jan 1, 2023
2.63 B Stocks
Jan 1, 2024
2.63 B Stocks
Jan 1, 2025
2.63 B Stocks
Jan 1, 2026 (e)
2.63 B Stocks
Jan 1, 2027 (e)
2.63 B Stocks
Jan 1, 2028 (e)
2.63 B Stocks

REC Limited stock splits

In REC Limited's history, there have been no stock splits.

REC Limited Dividend History

19 years of dividend payments · 2 consecutive increases

YearAnnual DividendYoY ChangePayments
20267.80INRYTD—2×
Feb 6, 20264.60INR 0.0%1/2
Mar 20, 20263.20INR↓ 30.4%2/2
202519.70INR↑ 15.9%5×
Feb 14, 20254.30INR↑ 7.5%1/5
Mar 26, 20253.60INR↓ 16.3%2/5
Aug 1, 20254.60INR↑ 27.8%3/5
Aug 14, 20252.60INR↓ 43.5%4/5
Oct 27, 20254.60INR↑ 76.9%5/5
202417.00INR↑ 20.6%4×
202314.10INR↓ 10.8%4×
202215.80INR↑ 40.9%3×
202111.21INR↓ 34.1%4×
202017.00INR↑ 54.5%2×
201911.00INR↑ 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 19.70 INR. Dividend means that REC Limited distributes a portion of its profits to its owners.

  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2021 (e)
11.21 INR
5.29 INR
Jan 1, 2022
15.80 INR
0.00 INR
Jan 1, 2023 (e)
14.10 INR
1.70 INR
Jan 1, 2024
17.00 INR
0.00 INR
Jan 1, 2025
19.70 INR
0.00 INR
Jan 1, 2026
19.60 INR
0.00 INR
Jan 1, 2027 (e)
0.00 INR
23.52 INR
Jan 1, 2028 (e)
0.00 INR
28.22 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.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
26.42 %
Jan 1, 2022
34.37 %
Jan 1, 2023
33.25 %
Jan 1, 2024
31.65 %
Jan 1, 2025
32.66 %
Jan 1, 2026 (e)
30.95 %
Jan 1, 2027 (e)
36.29 %
Jan 1, 2028 (e)
41.07 %

Current REC Limited forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
5.00 %
Buy
88.24 % (15)
Hold
11.76 % (2)
Sell
0.00 % (0)
12M Price Target
484.50
Last Price
328.10
Currency
INR
12M Return Potential
47.67 %
LTM Return
0 %

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
1.61857%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
1.49268%
ICICI Prudential Asset Management Co. Ltd.
ICICI Prudential Asset Management Co. Ltd.
1.18301%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
0.90733%
Dimensional Fund Advisors, L.P.
Dimensional Fund Advisors, L.P.
0.82899%
Kotak Mahindra Asset Management Company Limited
Kotak Mahindra Asset Management Company Limited
0.80728%
Invesco Asset Management (India) Private Limited
Invesco Asset Management (India) Private Limited
...

REC Limited Beneficial Ownership Filings (SEC 13D/G)

Free Float
45.5%
Float Shares
-
Shares Outstanding
-

REC Limited Executives and Management Board

11 members · avg. age 57 · 9 % women

SA

Shri. Jyoti Amitabh

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

8.44 M INR

Management

SD

Shri. Vivek Dewangan (56)

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

4.04 M INR
SB

Shri. Harsh Baweja (58)

Chief Financial Officer, Director - Finance, Executive Director

–

Board of Directors

SS

Shri. Vijay Singh (59)

Executive Director, Director - Technical (Projects)

9.69 M INR
ST

Shri. Narayanan Thirupathy (56)

Non-Executive Independent Director

790,000.00 INR
SS

Shri. Manoj Sharma (58)

Nominee Non-Executive Director - Power Finance Corporation Limited

500,000.00 INR
S.

Smt. Saraswathi ..

Executive Director · since 2025

–
SF

Shri. Pradeep Fellows

Executive Director · since 2024

–
SG

Mr. Subhash Garg

Executive Director · since 2024

–

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).

REC Limited is primarily active in the power financing sector. As a leading public sector enterprise, REC Limited provides financial assistance to various entities engaged in power generation, transmission, and distribution projects. With a strong focus on promoting renewable and clean energy, REC Limited plays a crucial role in the development of the power sector in India. The company extends its support to both government and private organizations, facilitating the growth and sustainability of the power industry.

The business model of REC Limited is focused on financing and promoting the development of renewable energy projects in India. As a leading public financial institution, REC provides long-term debt financing and financial assistance to various stakeholders in the power sector, including state electricity boards, state governments, power utilities, independent power producers, and renewable energy developers. REC plays a crucial role in facilitating the growth and expansion of renewable energy sources such as solar, wind, biogas, and small hydro power plants across the country. Through its financial services, REC aims to contribute to India's sustainable energy goals and promote the adoption of clean and renewable energy technologies.

REC Limited, formerly known as Rural Electrification Corporation Limited, is a leading public sector company in the power finance sector in India. Established in 1969, REC Limited primarily focuses on financing and promoting rural electrification projects across the country. Throughout its history, REC Limited has played a crucial role in facilitating the growth of the power sector in rural areas, fostering socio-economic development and improving the quality of life for millions of people. With its strong financial expertise and commitment to sustainable development, REC Limited has emerged as a key player in the Indian power sector, providing financial support to various power generation, transmission, and distribution projects.

REC Limited has achieved various significant milestones in its journey. Some notable achievements include becoming a Navratna Central Public Sector Enterprise, receiving 'Maharatna' status, and being recognized as one of the largest infrastructure financing companies in India. REC Limited has also played a vital role in promoting renewable energy projects and electrification initiatives in rural areas. Additionally, the company has consistently demonstrated strong financial performance, ensuring the successful implementation of numerous power and infrastructure projects. With its commitment to sustainable growth and empowering the nation's power sector, REC Limited continues to make remarkable strides in the industry.

REC Limited is primarily present in India.

REC Limited is a leading government-owned financial institution in India. The company is committed to providing financial assistance and support for the development of various renewable energy projects across the country. REC Limited believes in promoting sustainable growth by facilitating the implementation of renewable energy initiatives, which include solar, wind, biomass, and small hydro projects. The company's corporate philosophy is centered around driving positive socio-economic changes, promoting energy efficiency, and contributing to the nation's energy security. REC Limited actively encourages innovation, integrity, and transparency in all its operations, making it a trusted and reliable partner in the renewable energy sector.

Analysts currently set an average price target of 491.80 INR for the REC Limited stock (median: 484.50 INR), implying +49.9 % versus the latest price. The consensus is based on 17 analyst ratings.

REC Limited Analyst Price Targets 2026

17 analysts currently rate the REC Limited stock: 15 recommend buying, 2 holding and 0 selling. For 2026, analysts expect REC Limited to generate revenue of 221.54 B INR and earnings per share of 63.32 INR.

REC Limited Analyst Price Targets 2026

Converted at the current exchange rate, the REC Limited share trades at 3.01 EUR (336.90 INR).

REC Limited is a leading company specializing in the production of renewable energy and energy storage solutions. The company has been active in the energy sector since 1996 and has established itself as one of the market leaders. The company's business model includes several business areas that focus on the production of solar energy, wind energy, energy efficiency, and energy storage. The various business areas work together to provide a comprehensive solution for the energy needs of customers around the world. REC Limited offers high-quality solar modules and systems for electricity generation in the solar energy sector. These solar modules are manufactured using state-of-the-art technology and are suitable for both private and commercial use. In the wind energy sector, REC Limited focuses on the development and operation of wind farms for electricity generation from renewable energy sources. REC Limited has established itself as one of the key players in the wind energy sector and operates wind parks in various parts of the world. In the field of energy efficiency, REC Limited offers energy-saving solutions that can be used in various industries. These solutions range from building automation to industrial process optimization. The energy storage business area focuses on the manufacture of battery storage systems that can be used in various industries. These battery storage systems can help balance fluctuations in electricity generation from renewable sources and ensure a more stable supply. REC Limited has established itself as one of the key players in the renewable energy sector and offers a wide range of products that can revolutionize the energy system. The company is committed to offering more environmentally friendly solutions that meet the needs of customers. To support its business model, REC Limited has built a network of distribution partners who work closely with the company to deliver products and services to customers in various parts of the world. REC Limited has a strong presence in Asia, particularly in India, where the company's headquarters are located. Overall, REC Limited aims to provide a comprehensive solution for the energy needs of customers worldwide and establish itself as one of the key players in the renewable energy sector. The company remains open to innovation and constantly seeks new technologies and solutions that contribute to improving energy efficiency.

The expected revenue of REC Limited is 221.54 B INR. This figure is based on current financial data and reflects the company's business performance.

The expected profit of REC Limited is 166.74 B INR. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of REC Limited is currently 5.32. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the REC Limited stock.

The price-to-sales ratio (P/S) of REC Limited is currently 4.00. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the REC Limited stock.

The Eulerpool Quality Score for REC Limited is 7/10.

The ISIN of REC Limited is INE020B01018. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The ticker of REC Limited is RECLTD.NS. The ticker symbol is used to trade REC Limited shares on the stock exchange.

Over the past 12 months, REC Limited paid a dividend of 19.70 INR . This corresponds to a dividend yield of about 5.85 %. For the coming 12 months, REC Limited is expected to pay a dividend of 23.52 INR.

The current dividend yield of REC Limited is 5.85 %.

REC Limited pays a dividend, distributed in the months of , , , .

REC Limited paid dividends every year for the past 18 years.

For the upcoming 12 months, dividends amounting to 23.52 INR are expected. This corresponds to a dividend yield of 6.98 %.

REC Limited is assigned to the 'Finance' sector.

In the year 2025, REC Limited distributed 15.35 INR as dividends.

The dividends of REC Limited are distributed in INR.

All fundamentals and in-depth analysis of REC Limited

Our stock analysis for REC Limited 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. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

REC Limited Stock
REC Limited Revenue→
REC Limited Stock
REC Limited Net Income→
REC Limited Stock
REC Limited P/E→
REC Limited Stock
REC Limited P/S→
REC Limited Stock
REC Limited EBIT→
REC Limited Stock
REC Limited Dividend→
REC Limited Stock
REC Limited Directors Dealings→
REC Limited Stock
REC Limited Stocks→
REC Limited Stock
REC Limited Market capitalization→
REC Limited Stock
REC Limited Debt→
REC Limited Stock
REC Limited Liabilities→
REC Limited Stock
REC Limited Equity→
REC Limited Stock
REC Limited AAQS→
REC Limited Stock
REC Limited Employees→
REC Limited Stock
REC Limited ROE→
REC Limited Stock
REC Limited ROA→
REC Limited Stock
REC Limited ROCE→
REC Limited Stock
REC Limited News→
REC Limited Stock
REC Limited Analyst Price Targets→

Finance Stocks

RecordReal Estate Credit InvestmentsRed River BancsharesReady CapitalRedfish Longterm Capital SpARBR GlobalRedwood TrustRBL BankRegal PartnersRBB BancorpRegency AffiliatesRaymond James FinancialAll Stocks A–Z →