What the business is, and whether it's a good one at a fair price.
Lends to India's power sector and adjacent infrastructure, earning primarily through interest on a Rs 5.82 lakh crore loan book as of Q2 FY26. Operates as a Maharatna public-sector non-banking finance company (NBFC) and acts as the nodal agency for government schemes including the Revamped Distribution Sector Scheme (RDSS) and the PM Surya Ghar rooftop solar programme, where 17 lakh households were covered as of H1 FY26. The loan book spans renewables, thermal, hydro, nuclear, pump storage, battery storage and transmission & distribution; the renewable book stood at Rs 75,347 crore (13% of total) in FY26, with a stated target of 30% (~Rs 3 lakh crore) by 2030 against an overall Rs 10 lakh crore loan book target. Disbursements were a record Rs 1.15 lakh crore in H1 FY26 (+27% YoY) and Rs 2.11 lakh crore for FY26 as a whole. Profit comes from the gap between cost of funds (7.17% in H1 FY26) and the yield on its assets, with guided NIMs of 3.5–3.75% and spread of 2.75–3.5%. Capital adequacy was 23.74% against a 15% requirement and net NPA was 0.24%. The business is expanding beyond power into infrastructure and logistics under a new MoU with the Ministry of Shipping, and has an announced merger with PFC at an 88:100 share-swap ratio with appointed date April 1, 2027.
Measured from the filed financials, judged against its Financial Institution peers · as of FY26 — not investment advice
How has the market priced it — with filings on the timeline?
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
How does it stack up on valuation, returns and growth?
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Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Who owns it — and is the promoter stake clean?
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Answered from REC LIMITED's filed financials and exchange disclosures
REC LIMITED is a Finance company listed on NSE and BSE, trading under the symbol RECLTD.
Yes. Over the trailing twelve months REC LIMITED reported a net profit of ₹16,035 Cr on revenue of ₹59,169 Cr.
Yes. The dividend yield is 7.42% at the current price. It paid out 38% of its profit as dividend in FY26.
Effectively yes. It holds ₹293 Cr more cash than debt. Debt stands at 0.00× equity.
On trailing P/E, REC LIMITED ranks 3 of 9 in Financial Institution — cheaper than 75% of them, against an industry median of 14.7×. This is a position, not a valuation judgement.
On a typical session REC LIMITED moves 0.88% — that is the median absolute close-to-close move across its last 269 trading days. Announcement days are routinely larger.
Every NSE and BSE filing by REC LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.
