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REC Limited
Previous close
₹553.90
Day range
₹553.35 - ₹567.15
Year range
₹127.40 - ₹567.15
Market cap
1.47T INR
Avg Volume
13.64M
P/E ratio
11.21
Dividend yield
2.75%
Primary exchange
NSE
Market news
Financials
Income Statement
Revenue
Net income
(INR) | Dec 2023info | Y/Y change |
---|---|---|
Revenue | 43.56B | 10.13% |
Operating expense | 1.91B | 55.36% |
Net income | 33.08B | 13.48% |
Net profit margin | 75.96 | 3.05% |
Earnings per share | 12.42 | 13.63% |
EBITDA | — | — |
Effective tax rate | 20.69% | — |
Balance Sheet
Total assets
Total liabilities
(INR) | Dec 2023info | Y/Y change |
---|---|---|
Cash and short-term investments | 140.08B | 54.60% |
Total assets | 5.35T | 21.35% |
Total liabilities | 4.70T | 21.79% |
Total equity | 652.91B | — |
Shares outstanding | 2.63B | — |
Price to book | 2.23 | — |
Return on assets | 2.53% | — |
Return on capital | — | — |
Cash Flow
Net change in cash
(INR) | Dec 2023info | Y/Y change |
---|---|---|
Net income | 33.08B | 13.48% |
Cash from operations | -205.06B | -96.53% |
Cash from investing | -9.76B | -107.82% |
Cash from financing | 169.82B | 94.79% |
Net change in cash | -45.01B | -105.89% |
Free cash flow | — | — |
About
REC Limited, formerly Rural Electrification Corporation Limited, of which Power Finance Corporation Limited is the holding company of that is under the ownership of the Ministry of Power, the Government of India. It finances and promotes power projects across India. The PSU provides loans to Central/State Sector Power Utilities in the country, State Electricity Boards, Rural Electric Cooperatives, NGOs and Private Power Developers. On 20 March 2019, PFC signed an agreement to acquire a 52.63% controlling stake in REC for ₹14,500 crore. On 28 March, PFC announced that it had completed making the payment for the acquisition and intended to merge REC with itself in 2020. However, REC has maintained that merging PFC-REC is no longer an option.
Recently, REC has secured a coveted place in the esteemed Morgan Stanley Capital International Global Standard Index, effective from 1st September 2023. The position inclusion of REC in MSCI solidified REC's status as a leading player in the financial sector and market, and opened up new horizons to expand its reach and influence on a global scale. Wikipedia
Founded
Jul 25, 1969
Website
Employees
417