REC Limited Logo

REC Limited

RECLTD.NS

(3.2)
Stock Price

540,95 INR

2.48% ROA

21.43% ROE

8.86x PER

Market Cap.

1.128.466.472.141,00 INR

659.8% DER

3.29% Yield

80.67% NPM

REC Limited Stock Analysis

REC Limited Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

REC Limited Fundamental Stock Analysis
# Analysis Rating
1 ROE

ROE surpassing expectations (23.45%) highlights strong profitability and efficient use of shareholders' equity, making it an appealing investment prospect.

2 Net Profit Growth

The net profit of this company has steadily increased over the last five years, showcasing a favorable financial performance and making it an enticing option for investors seeking growth potential.

3 Assets Growth

Over the past five years, this company's revenue has consistently increased, demonstrating a robust financial performance that makes it an appealing opportunity.

4 Dividend

Investors can trust the company's impressive dividend track record, consistently distributing dividends over the past five years, showcasing a strong commitment to rewarding shareholders.

5 ROA

The stock's ROA (2.48%) shows that it's doing a pretty good job at making money from its assets, making it a solid choice to invest and earn steady profits.

6 PBV

The stock's PBV ratio (1.41x) reflects a fair valuation, making it an attractive option for investors seeking balanced opportunities.

7 Revenue Growth

This company's revenue has shown remarkable growth over the past three years, making it an excellent choice for seeking a consistently prosperous investment.

8 Graham Number

The company's Graham number indicates that it is undervalued compared to its stock price, suggesting a potentially favorable investment opportunity.

9 Buffet Intrinsic Value

The company's stock presents an enticing opportunity as it appears undervalued (537) by Warren Buffett's formula, indicating that its intrinsic value exceeds the market price.

10 DER

The company has a high debt to equity ratio (660%), which means it owes a lot of money compared to what it actually owns, making it financially risky.

11 Dividend Growth

Potential investors should be aware that the company's dividend growth has shown no upward trend in the past three years, indicating limited potential for increased returns.

REC Limited Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

REC Limited Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Sell
2 MACD Buy
3 RSI Buy
4 Stoch RSI Hold

REC Limited Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

REC Limited Revenue
Year Revenue Growth
2005 20.583.580.000
2006 26.516.960.000 22.38%
2007 33.782.194.000 21.51%
2008 47.571.701.000 28.99%
2009 65.497.579.000 27.37%
2010 82.569.111.000 20.68%
2011 103.375.900.000 20.13%
2012 56.953.400.000 -81.51%
2013 73.029.100.000 22.01%
2014 89.108.000.000 18.04%
2015 100.179.300.000 11.05%
2016 108.705.300.000 7.84%
2017 92.086.700.000 -18.05%
2018 87.920.600.000 -4.74%
2019 85.395.500.000 -2.96%
2020 136.577.200.000 37.47%
2021 163.685.400.000 16.56%
2022 146.024.400.000 -12.09%
2023 168.026.800.000 13.09%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

REC Limited Research and Development Expenses
Year Research and Development Expenses Growth
2005 0
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

REC Limited General and Administrative Expenses
Year General and Administrative Expenses Growth
2005 120.520.000
2006 143.770.000 16.17%
2007 279.000 -51430.47%
2008 2.820.000 90.11%
2009 2.999.000 5.97%
2010 4.848.000 38.14%
2011 75.000.000 93.54%
2012 127.700.000 41.27%
2013 253.600.000 49.65%
2014 264.700.000 4.19%
2015 85.200.000 -210.68%
2016 113.000.000 24.6%
2017 186.900.000 39.54%
2018 117.300.000 -59.34%
2019 138.300.000 15.18%
2020 128.000.000 -8.05%
2021 131.800.000 2.88%
2022 2.039.100.000 93.54%
2023 0 0%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

REC Limited EBITDA
Year EBITDA Growth
2005 23.953.340.000
2006 28.238.210.000 15.17%
2007 -7.462.182.000 478.42%
2008 -9.636.175.000 22.56%
2009 65.790.100.000 114.65%
2010 82.831.495.000 20.57%
2011 102.079.700.000 18.86%
2012 130.396.500.000 21.72%
2013 162.146.200.000 19.58%
2014 189.323.700.000 14.36%
2015 215.734.300.000 12.24%
2016 225.899.200.000 4.5%
2017 207.520.800.000 -8.86%
2018 237.379.300.000 12.58%
2019 70.299.800.000 -237.67%
2020 107.795.900.000 34.78%
2021 123.964.100.000 13.04%
2022 138.643.700.000 10.59%
2023 193.750.000.000 28.44%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

REC Limited Gross Profit
Year Gross Profit Growth
2005 20.583.580.000
2006 26.516.960.000 22.38%
2007 33.782.194.000 21.51%
2008 47.571.701.000 28.99%
2009 65.497.579.000 27.37%
2010 82.569.111.000 20.68%
2011 103.375.900.000 20.13%
2012 56.953.400.000 -81.51%
2013 73.029.100.000 22.01%
2014 89.108.000.000 18.04%
2015 100.179.300.000 11.05%
2016 108.705.300.000 7.84%
2017 92.086.700.000 -18.05%
2018 87.920.600.000 -4.74%
2019 85.395.500.000 -2.96%
2020 136.577.200.000 37.47%
2021 163.685.400.000 16.56%
2022 146.024.400.000 -12.09%
2023 168.026.800.000 13.09%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

REC Limited Net Profit
Year Net Profit Growth
2005 8.079.010.000
2006 7.750.300.000 -4.24%
2007 8.619.254.000 10.08%
2008 12.735.255.000 32.32%
2009 20.222.534.000 37.02%
2010 25.848.933.000 21.77%
2011 28.386.600.000 8.94%
2012 38.327.800.000 25.94%
2013 47.412.500.000 19.16%
2014 53.444.200.000 11.29%
2015 56.914.200.000 6.1%
2016 63.133.700.000 9.85%
2017 46.894.600.000 -34.63%
2018 57.413.800.000 18.32%
2019 49.722.700.000 -15.47%
2020 83.782.400.000 40.65%
2021 100.357.000.000 16.52%
2022 111.669.800.000 10.13%
2023 151.596.000.000 26.34%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

REC Limited Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2005 4
2006 4 0%
2007 4 25%
2008 6 20%
2009 9 37.5%
2010 10 11.11%
2011 11 10%
2012 15 28.57%
2013 18 22.22%
2014 20 10%
2015 22 4.76%
2016 24 8.7%
2017 18 -35.29%
2018 22 19.05%
2019 19 -16.67%
2020 32 41.94%
2021 38 16.22%
2022 42 11.9%
2023 58 26.32%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

REC Limited Free Cashflow
Year Free Cashflow Growth
2005 -31.664.460.000
2006 -58.666.610.000 46.03%
2007 -62.157.390.000 5.62%
2008 -100.035.300.000 37.86%
2009 -126.947.494.000 21.2%
2010 -127.809.617.000 0.67%
2011 -157.815.800.000 19.01%
2012 -200.614.600.000 21.33%
2013 -172.485.700.000 -16.31%
2014 -239.521.900.000 27.99%
2015 -135.374.200.000 -76.93%
2016 66.013.300.000 305.07%
2017 -311.842.400.000 121.17%
2018 -359.567.200.000 13.27%
2019 -328.121.700.000 -9.58%
2020 -435.865.800.000 24.72%
2021 -39.578.300.000 -1001.27%
2022 -373.774.500.000 89.41%
2023 0 0%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

REC Limited Operating Cashflow
Year Operating Cashflow Growth
2005 -31.264.990.000
2006 -58.661.650.000 46.7%
2007 -61.998.536.000 5.38%
2008 -99.968.854.000 37.98%
2009 -126.810.620.000 21.17%
2010 -127.796.577.000 0.77%
2011 -157.676.600.000 18.95%
2012 -200.561.700.000 21.38%
2013 -172.437.800.000 -16.31%
2014 -239.068.500.000 27.87%
2015 -132.780.100.000 -80.05%
2016 68.045.200.000 295.14%
2017 -306.779.500.000 122.18%
2018 -358.658.000.000 14.46%
2019 -327.119.100.000 -9.64%
2020 -435.123.300.000 24.82%
2021 -39.096.800.000 -1012.94%
2022 -373.597.700.000 89.54%
2023 0 0%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

REC Limited Capital Expenditure
Year Capital Expenditure Growth
2005 399.470.000
2006 4.960.000 -7953.83%
2007 158.854.000 96.88%
2008 66.446.000 -139.07%
2009 136.874.000 51.45%
2010 13.040.000 -949.65%
2011 139.200.000 90.63%
2012 52.900.000 -163.14%
2013 47.900.000 -10.44%
2014 453.400.000 89.44%
2015 2.594.100.000 82.52%
2016 2.031.900.000 -27.67%
2017 5.062.900.000 59.87%
2018 909.200.000 -456.85%
2019 1.002.600.000 9.32%
2020 742.500.000 -35.03%
2021 481.500.000 -54.21%
2022 176.800.000 -172.34%
2023 0 0%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

REC Limited Equity
Year Equity Growth
2005 32.949.660.000
2006 38.884.050.000 15.26%
2007 53.694.868.000 27.58%
2008 61.932.219.000 13.3%
2009 111.042.557.000 44.23%
2010 128.274.401.000 13.43%
2011 148.058.800.000 13.36%
2012 175.298.400.000 15.54%
2013 208.030.500.000 15.73%
2014 250.725.800.000 17.03%
2015 288.934.000.000 13.22%
2016 336.705.600.000 14.19%
2017 358.723.000.000 6.14%
2018 345.463.400.000 -3.84%
2019 353.964.300.000 2.4%
2020 437.639.300.000 19.12%
2021 513.141.000.000 14.71%
2022 581.205.100.000 11.71%
2023 635.825.100.000 8.59%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

REC Limited Assets
Year Assets Growth
2005 297.168.690.000
2006 360.787.360.000 17.63%
2007 429.171.796.000 15.93%
2008 559.616.017.000 23.31%
2009 695.831.623.000 19.58%
2010 865.477.529.000 19.6%
2011 1.088.106.000.000 20.46%
2012 1.305.671.000.000 16.66%
2013 1.529.443.200.000 14.63%
2014 1.834.559.400.000 16.63%
2015 2.069.449.200.000 11.35%
2016 2.102.449.200.000 1.57%
2017 2.486.387.100.000 15.44%
2018 2.984.538.300.000 16.69%
2019 3.470.300.800.000 14%
2020 4.008.668.700.000 13.43%
2021 4.108.600.900.000 2.43%
2022 4.655.027.500.000 11.74%
2023 5.131.809.800.000 9.29%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

REC Limited Liabilities
Year Liabilities Growth
2005 264.219.030.000
2006 321.903.310.000 17.92%
2007 375.476.928.000 14.27%
2008 497.683.798.000 24.56%
2009 584.789.066.000 14.9%
2010 737.203.128.000 20.67%
2011 940.047.200.000 21.58%
2012 1.130.372.600.000 16.84%
2013 1.321.412.700.000 14.46%
2014 1.583.833.600.000 16.57%
2015 1.780.515.200.000 11.05%
2016 1.765.743.600.000 -0.84%
2017 2.127.664.100.000 17.01%
2018 2.639.074.900.000 19.38%
2019 3.116.336.500.000 15.31%
2020 3.571.029.400.000 12.73%
2021 3.595.459.900.000 0.68%
2022 4.073.822.400.000 11.74%
2023 4.495.984.700.000 9.39%

REC Limited Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
58.04
Net Income per Share
48.37
Price to Earning Ratio
8.86x
Price To Sales Ratio
7.38x
POCF Ratio
-3.58
PFCF Ratio
-3.58
Price to Book Ratio
1.78
EV to Sales
34.37
EV Over EBITDA
32.66
EV to Operating CashFlow
-16.69
EV to FreeCashFlow
-16.68
Earnings Yield
0.11
FreeCashFlow Yield
-0.28
Market Cap
1.128,47 Bil.
Enterprise Value
5.254,88 Bil.
Graham Number
512.57
Graham NetNet
-1680.6

Income Statement Metrics

Net Income per Share
48.37
Income Quality
-2.47
ROE
0.22
Return On Assets
0.02
Return On Capital Employed
0.03
Net Income per EBT
0.79
EBT Per Ebit
1
Ebit per Revenue
1.02
Effective Tax Rate
0.21

Margins

Sales, General, & Administrative to Revenue
0
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0
Gross Profit Margin
-0.32
Operating Profit Margin
1.02
Pretax Profit Margin
1.02
Net Profit Margin
0.81

Dividends

Dividend Yield
0.03
Dividend Yield %
3.29
Payout Ratio
0.25
Dividend Per Share
14.1

Operating Metrics

Operating Cashflow per Share
-119.54
Free CashFlow per Share
-119.59
Capex to Operating CashFlow
0
Capex to Revenue
-0
Capex to Depreciation
-1.12
Return on Invested Capital
0.03
Return on Tangible Assets
0.02
Days Sales Outstanding
3.22
Days Payables Outstanding
0
Days of Inventory on Hand
0
Receivables Turnover
113.25
Payables Turnover
0
Inventory Turnover
0
Capex per Share
-0.05

Balance Sheet

Cash per Share
26,11
Book Value per Share
241,42
Tangible Book Value per Share
241.42
Shareholders Equity per Share
241.42
Interest Debt per Share
1695.5
Debt to Equity
6.6
Debt to Assets
0.82
Net Debt to EBITDA
25.65
Current Ratio
279.87
Tangible Asset Value
635,82 Bil.
Net Current Asset Value
-4.425,88 Bil.
Invested Capital
6.6
Working Capital
69,86 Bil.
Intangibles to Total Assets
0
Average Receivables
1,24 Bil.
Average Payables
0,33 Bil.
Average Inventory
0
Debt to Market Cap
3.72

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

REC Limited Dividends
Year Dividends Growth
2008 3
2009 5 25%
2010 7 33.33%
2011 8 14.29%
2012 8 0%
2013 8 12.5%
2014 10 11.11%
2015 11 10%
2016 17 41.18%
2017 10 -88.89%
2018 9 0%
2019 11 18.18%
2020 17 35.29%
2021 11 -54.55%
2022 16 26.67%
2023 11 -50%

REC Limited Profile

About REC Limited

REC Limited, a public financial institution, provides financing services for power generation, transmission, and distribution projects in India. It primarily offers term-loan, medium-term loan, and short-terms loan. The company also acts as a nodal agency for the implementation of Pradhan Mantri Sahaj Bijli Har Ghar Yojana for universal household electrification, Deen Dayal Upadhyaya Gram Jyoti Yojana, National Electricity Fund, Outage Management System, and 11kv Rural Feeder Monitoring Scheme, as well as 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; and provides implementation and consultancy services in power sector. 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.

CEO
Mr. Rajesh Kumar
Employee
417
Address
Plot No. I-4, Sector 29
Gurugram, 122001

REC Limited Executives & BODs

REC Limited Executives & BODs
# Name Age
1 Mr. Vivek Kumar Dewangan I.A.S.
Director of Finance, Chairman & MD
70
2 Mr. Rameswar Prasad Vaishnaw
Executive Director of Finance
70
3 Ms. Malathi Sundararajan
Chief Risk Officer & Executive Director of Finance
70
4 Mr. Jyoti Shubhra Amitabh
Executive Director of Law & Company Secretary
70
5 Mr. Vijay Kumar Singh
Director of Projects & Director
70
6 Ms. Taruna Gupta
Executive Director
70
7 Mr. Fuzail Ahmed
Executive Director of Technical
70
8 Mr. Rajesh Kumar
Executive Director of Finance & Chief Executive Officer of RECPDCL
70
9 Mr. Thangarajan Subash Chandra Bosh
Executive Director of Technical
70
10 Mr. Hemant Kumar
Chief Compliance Officer
70

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