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REC Ltd (RECM)

NSE
Currency in INR
570.15
+6.45(+1.14%)
Closed
RECM Scorecard
Full Analysis
Has raised its dividend for 3 consecutive years
Fair Value
Day's Range
562.00573.30
52 wk Range
389.20654.00
Key Statistics
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Bid/Ask
569.90 / 570.00
Prev. Close
570.15
Open
563
Day's Range
562-573.3
52 wk Range
389.2-654
Volume
7.53M
Average Volume (3m)
9.05M
1-Year Change
39.03%
Fair Value
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Fair Value Upside
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RECM Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
678.67
Upside
+19.03%
Members' Sentiments
Bearish
Bullish
ProTips
Quickly burning through cash
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REC Ltd Company Profile

REC Limited, together with its subsidiaries, engages in the provision of financing services for power generation, transmission, and distribution projects in India. The company primarily offers long, medium, and short-terms loans; debt refinancing, equity financing, financing of equipment manufacturing for power sector and coal mines; policy for funding against regulatory assets, and revolving bill payment facility services; and provides letter of undertaking in lieu of bank guarantee, etc. It also acts as a nodal agency for the implementation of Pradhan Mantri Sahaj Bijli Har Ghar Yojana, Pradhan Mantri Surya Ghar Muft Bujli Yojana, Deen Dayal Upadhyaya Gram Jyoti Yojana, and National Electricity Fund. In addition, the company acts as the bid process coordinator for selection of transmission service provider through tariff based competitive bidding process for independent inter-state and intra-state transmission projects; provides project implementation and consultancy services in power sector; and operates National Feeder Monitoring System, a cloud-based IT and analytical platform, designed to monitor the reliability and quality of power. It serves central/state government power utilities, as well as private sector power utilities. The company was formerly known as Rural Electrification Corporation Limited and changed its name to REC Limited in October 2018. REC Limited was incorporated in 1969 and is based in Gurugram, India. REC Limited is a subsidiary of Power Finance Corporation Limited.

Sector
Financial
Employees
512
Market
India

Compare RECM to Peers and Sector

Metrics to compare
RECM
Peers
Sector
Relationship
P/E Ratio
10.0x14.3x8.8x
PEG Ratio
0.600.540.03
Price/Book
2.0x1.8x1.0x
Price / LTM Sales
7.5x9.4x2.8x
Upside (Analyst Target)
16.4%17.5%10.7%
Fair Value Upside
Unlock−13.4%3.2%Unlock

Analysts' Recommendations

9 Buy
0 Hold
0 Sell
Ratings:
9 analysts
Overall Consensus
Strong Buy

Analysts 12-Month Price Target:

Average 678.67

(+19.03% Upside)

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 56.4
Dividend Yield
3.02%
Industry Median 1.16%
Annualised payout
17
Paid unevenly
5-Years Growth
+15.56%
Growth Streak

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FAQ

What Is the REC (RECM) Stock Price Today?

The REC stock price today is 570.15

What Stock Exchange Does REC Trade On?

REC is listed and trades on the NSE stock exchange.

What Is the Stock Symbol for REC?

The stock symbol for REC is "RECM."

Does REC Pay Dividends? What’s The Current Dividend Yield?

The REC dividend yield is 2.98%.

What Is the REC Market Cap?

As of today, REC market cap is 1.50T.

What is REC Earnings Per Share?

The REC EPS is 56.40.

What Is the Next REC Earnings Date?

REC will release its next earnings report on 29 Jan 2025.

From a Technical Analysis Perspective, Is RECM a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.
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