REC Share Price

Large Cap

₹567.7

-5.1 (-0.89%)

Advice
Buy

14 September, 2024 19:05 BSE: 532955 NSE: RECLTD ISIN: INE020B01018

Start SIP in REC

Start SIP

REC Performance

Day Range

Low 564
High 577

₹ 567

52 Week Range

Low 240
High 654

₹ 567

Open Price574
Previous Close573
Volume6979913

REC Chart

Over 1 Month -0.22%
Over 3 Month + 8.86%
Over 6 Month + 26.58%
Over 1 Year + 132.28%

REC Key Statistics

P/E Ratio	10.2
PEG Ratio	0.4
Market Cap Cr
Price to Book Ratio	2.2
EPS	53.3
Dividend	2.9
Relative Strength Index	40.04
Money Flow Index	50.82
MACD Signal	1.39
Average True Range	18.5

REC F&O

REC Futures REC Option Chain

Rec Investment Rating

Master Rating:
REC has an operating revenue of Rs. 49,495.85 Cr. on a trailing 12-month basis. An annual revenue growth of 20% is outstanding, Pre-tax margin of 38% is great, ROE of 20% is exceptional. The stock from a technical standpoint is trading below to its 50DMA and around 14% up from its 200DMA. It needs to take out the 50DMA levels and stay above it to make any further meaningful move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 88 which is a GOOD score indicating consistency in earnings, a RS Rating of 69 which is FAIR indicating the recent price performance, Buyer Demand at B- which is evident from recent demand for the stock, Group Rank of 51 indicates it belongs to a fair industry group of Financial Svcs-Specialty and a Master Score of B is close to being the best. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock is lagging behind in some of the technical parameters, but great earnings make it a stock to examine in more detail.

EPS Strength

Price Strength

Buyer Demand

Group Rank

REC Financials

Standalone Consolidated

Quarterly P&L
Annual P&L
Balance Sheet
Cash Flow
Ratios
Quarterly P&L
Annual P&L
Balance Sheet
Cash Flow
Ratios

Indicator	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023
Oper Rev Qtr Cr	12,690	12,384	11,944	11,393	10,689	9,995
Operating Expenses Qtr Cr	212	305	171	188	139	129
Operating Profit Qtr Cr	12,339	13,020	11,755	12,149	10,763	10,304
Depreciation Qtr Cr	6	6	6	6	6	6
Interest Qtr Cr	8,021	7,896	7,653	7,350	7,050	6,497
Tax Qtr Cr	883	1,131	845	1,034	751	810
Net Profit Qtr Cr	3,442	4,016	3,269	3,773	2,961	3,001

Indicator	Mar 2024	Mar 2023
Total Revenue Annual Cr	47,214	39,253
Operating Expenses Annual Cr	-539	1,752
Operating Profit Annual in Cr	47,686	37,456
Depreciation Cr	24	24
Interest Annual Cr	29,949	23,738
Tax Annual Cr	3,761	2,684
Net Profit Annual Cr	14,019	11,055

Indicator	Mar 2024	Mar 2023
Cash from Operating Activity Annual Cr	-57,885	-37,482
Cash from Investing Activity Annual Cr	-1,875	-804
Cash from Financing Annual Activity Cr	59,588	38,111
Net Cash Flow Annual Cr	-173	-175

Indicator	Mar 2024	Mar 2023
Total ShareHolders Funds Annual Cr	68,225	57,088
Fixed Assets Annual Cr	654	643
Total Non Current Assets Annual Cr	3,523	4,286
Total Current Assets Annual Cr	543,918	460,591
Total Assets Annual Cr	547,440	464,877

Indicator	Mar 2024	Mar 2023
Book Value Per Share Annual Rs	259	217
ROE Annual %	21	19
ROCE Annual %	69	12
Total Debt to Total Equity Annual	-	-
EBDIT Annual Margin %	101	96

Indicator	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023
Oper Rev Qtr Cr	12,695	12,390	11,950	11,399	10,692	9,998
Operating Expenses Qtr Cr	250	309	184	275	251	161
Operating Profit Qtr Cr	12,362	13,102	11,812	12,181	10,771	10,392
Depreciation Qtr Cr	6	6	6	6	6	6
Interest Qtr Cr	8,020	7,896	7,654	7,350	7,049	6,496
Tax Qtr Cr	889	1,150	863	1,048	753	836
Net Profit Qtr Cr	3,460	4,079	3,308	3,790	2,968	3,065

Indicator	Mar 2024	Mar 2023
Total Revenue Annual Cr	47,571	39,520
Operating Expenses Annual Cr	-360	1,865
Operating Profit Annual in Cr	47,865	37,613
Depreciation Cr	24	24
Interest Annual Cr	29,948	23,733
Tax Annual Cr	3,814	2,731
Net Profit Annual Cr	14,145	11,167

Indicator	Mar 2024	Mar 2023
Cash from Operating Activity Annual Cr	-57,723	-37,360
Cash from Investing Activity Annual Cr	-1,831	-943
Cash from Financing Annual Activity Cr	59,588	38,123
Net Cash Flow Annual Cr	34	-180

Indicator	Mar 2024	Mar 2023
Total ShareHolders Funds Annual Cr	68,792	57,529
Fixed Assets Annual Cr	655	644
Total Non Current Assets Annual Cr	3,583	4,331
Total Current Assets Annual Cr	544,608	461,171
Total Assets Annual Cr	548,191	465,503

Indicator	Mar 2024	Mar 2023
Book Value Per Share Annual Rs	261	218
ROE Annual %	21	19
ROCE Annual %	69	12
Total Debt to Total Equity Annual	-	-
EBDIT Annual Margin %	101	95

Invest in REC

REC Technicals

EMA & SMA

Current Price

₹567.7

-5.1 (-0.89%)

Bullish Moving Average
___
5

Bearish Moving Average
___
11

EMA SMA

20 Day
₹594.81

50 Day
₹588.30

100 Day
₹559.42

200 Day
₹494.46

20 Day
₹600.60

50 Day
₹603.54

100 Day
₹562.29

200 Day
₹502.52

REC Resistance and Support

PIVOT

₹569.64

Resistance
First Resistance	575.07
Second Resistance	582.43
Third Resistance	587.87

RSI	40.04
MFI	50.82
MACD Single Line	1.39
MACD	-4.83

Support
First Support	562.27
Second Support	556.83
Third Supoort	549.47

REC Delivery and Volume

Period	NSE + BSE Volume Avg	NSE + BSE Delivery Volume Avg	NSE + BSE Delivery Volume %
Day	7,163,227	324,709,080	45.33
Week	9,502,101	405,264,599	42.65
1 Month	8,627,318	336,551,692	39.01
6 Month	18,111,876	610,370,221	33.7

REC Result Highlights

REC Synopsis

NSE-Financial Svcs-Specialty

Rec is involved in the business activities of Other credit granting. Company’s Total Operating Revenue is Rs. 47146.30 Cr. and Equity Capital is Rs. 2633.22 Cr. for the Year ended 31/03/2024. REC Ltd. is a Public Limited Listed company incorporated on 25/07/1969 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L40101DL1969GOI005095 and registration number is 005095.

Market Cap	149,488
Sales	49,194
Shares in Float	123.76
No of funds	975
Yield	2.91

Book Value	2.19
U/D Vol ratio	1.3
LTDebt / Equity	427
Alpha	0.08
Beta	2.48

REC Shareholding Pattern

Owner Name	Jun-24	Mar-24	Dec-23	Sep-23
Promoters	52.63%	52.63%	52.63%	52.63%
Mutual Funds	9.11%	9.48%	8.32%	8.74%
Insurance Companies	3.91%	4.47%	4.66%	4.24%
Foreign Portfolio Investors	20.43%	19.91%	20.6%	20.36%
Financial Institutions/ Banks	0.02%	0.01%	0.02%	0.02%
Individual Investors	10.14%	9.67%	10.06%	10.07%
Others	3.76%	3.83%	3.71%	3.94%

REC Management

Name	Designation
Mr. Vivek Kumar Dewangan	Chairman & Managing Director
Mr. V K Singh	Director - Projects
Mr. Harsh Baweja	Director - Finance & CFO
Dr. Manoj Manohar Pande	Independent Director
Dr. Gambheer Singh	Independent Director
Dr. Durgesh Nandini	Independent Director
Mr. Narayanan Thirupathy	Independent Director
Mr. Manoj Sharma	Nominee Director
Mr. Shashank Misra	Government Nominee Director

REC Forecast

Price Estimates

2,000(9.8%)

1,758(-3.5%)

1,590(-12.7%)

Other Analyst Rating

Date	Purpose	Remarks
2024-07-27	Quarterly Results
2024-05-31	Others	Inter alia, to consider the proposal of fund raising through private placement subject to the approval of Shareholders of the Company. per share(110%)Interim Dividend
2024-04-30	Audited Results & Final Dividend
2024-03-27	Others	Inter alia, to consider : proposal for approval of market borrowing programme of the Company for the financial year 2024-25. per share(110%)Interim Dividend
2024-03-19	Interim Dividend	(Revised) per share(110%)Interim Dividend

Date	Purpose	Remarks
2024-08-09	INTERIM	Rs.3.50 per share(35%)Interim Dividend
2024-06-28	FINAL	Rs.5.00 per share(50%)Final Dividend
2024-03-28	INTERIM	Rs.4.50 per share(45%)Third Interim Dividend
2023-11-13	INTERIM	Rs.3.50 per share(35%)Second Interim Dividend
2023-08-14	INTERIM	Rs.3.00 per share(30%)Interim Dividend

Date	Purpose	Remarks
2022-08-18	Bonus	Rs.0.00 issue in the ratio of 1:3 of Rs. 10/-.

REC MF Shareholding

Name	Amount(cr)
HDFC Balanced Advantage Fund Growth	95,391
HDFC Mid-Cap Opportunities Fund Growth	75,382
Kotak Equity Arbitrage Fund Growth	53,423
Kotak Emerging Equity Scheme Growth	51,366
Axis ELSS Tax Saver Fund Growth	38,423

About REC

REC Limited (REC) is a leading public sector financial institution under the Ministry of Power, Government of India.

Established in 1998, REC plays a pivotal role in India's power sector by:

● Financing Power Projects: REC provides financial assistance for various power sector projects, including generation, transmission, and distribution.
● Promoting Renewable Energy: The company actively supports the development of renewable energy sources like solar and wind power in India.
● Restructuring UPPCL Debt: REC is entrusted with the crucial task of restructuring the debt of State Power Utilities (UPPCLs) to ensure financial stability in the power sector.
● Financial Resource Mobilization: REC raises funds through various channels like bonds, term loans, and external borrowings to support its lending activities.

Key Achievements - REC

● Played a significant role in financing India's growing power sector needs.
● Contributed to the development of a robust transmission and distribution network.
● Emerged as a key player in promoting renewable energy initiatives.

Future Prospects - REC

● REC is well-positioned to capitalize on India's growing energy demand and increasing focus on clean energy sources.
● The company's diverse financing solutions and expertise in the power sector can enable it to further support the sector's growth and development.
● By leveraging its financial strength and strategic partnerships, REC can contribute significantly to achieving India's energy security goals.

REC FAQs

What is Share Price of REC ?

REC share price is ₹567 As on 14 September, 2024 | 18:51

What is the Market Cap of REC ?

The Market Cap of REC is ₹149488.1 Cr As on 14 September, 2024 | 18:51

What is the P/E ratio of REC ?

The P/E ratio of REC is 10.2 As on 14 September, 2024 | 18:51

What is the PB ratio of REC ?

The PB ratio of REC is 2.2 As on 14 September, 2024 | 18:51

How to Invest in REC?

REC shares are publicly traded on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). To invest, you'll need a demat account with a brokerage firm that allows trading on these exchanges. You can buy shares of the company by opening a demat account with 5paisa.

What Affects REC's Share Price?

Financials, power sector trends, government policies, company news & ratings.

REC Key Statistics

P/E Ratio	10.2
PEG Ratio	0.4
Market Cap Cr
Price to Book Ratio	2.2
EPS	53.3
Dividend	2.9
Relative Strength Index	40.04
Money Flow Index	50.82
MACD Signal	1.39
Average True Range	18.5

Open Free Demat Account

Be a part of 5paisa community - The first listed discount broker of India.

+91