REC Limited

Financial Services · Finance

NSE: RECLTD BSE: 532955

₹299.00

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Finance

The largest companies in the same industry by market cap. This company ranks #12 of 510. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Bajaj Finance Limited	597,318	—	16.5%	-2.9%	—	58	18	28
Bajaj Finserv Limited	277,055	—	14.0%	-13.8%	—	28	81	25
Shriram Finance Limited	231,221	—	15.2%	51.5%	—	48	50	29
Jio Financial Services Limited	143,209	—	1.2%	-27.7%	0.28%	4	99	9
Tata Capital Limited	139,210	—	—	—	—	—	61	28
Cholamandalam Investment and Finance Company Limited	138,119	—	17.2%	0.9%	—	50	29	25
Bajaj Holdings & Investment Limited	120,064	—	11.9%	-10.1%	1.34%	80	91	31
Muthoot Finance Limited	109,886	—	26.7%	-13.0%	1.10%	71	65	13
REC Limited (this stock)	78,733	—	19.2%	-20.8%	6.09%	56	100	12

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet. EBITDA = PBT + interest + depreciation.

Enterprise value

Data unavailable.

EV / EBITDA

Data unavailable.

EV / Sales

Data unavailable.

Market cap / Sales

3.26x

Earnings yield

Data unavailable.

Quarterly Financials

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Standalone Consolidated

↑ Positive

Quarterly Revenue

Dec 2018 quarterly revenue is Rs 7,257 Cr, up 29.5% YoY.

↓ Negative

Quarterly Net Profit

Dec 2018 quarterly net profit is Rs 1,275 Cr, down 1.7% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	14,296	5,209	4,149	₹
March 31, 2026	14,386	4,397	3,362	₹
Dec. 31, 2025	14,911	5,116	4,043	₹
Sept. 30, 2025	15,084	5,553	4,426	₹
June 30, 2025	14,646	5,647	4,451	₹
March 31, 2025	15,159	5,385	4,236	₹
Dec. 31, 2024	14,157	5,110	4,029	₹
Sept. 30, 2024	13,571	5,040	4,005	₹
June 30, 2024	13,023	4,326	3,442	₹
March 31, 2024	12,643	5,148	4,016	₹
Dec. 31, 2023	11,982	4,114	3,269	₹
Sept. 30, 2023	11,576	4,807	3,773	₹
June 30, 2023	10,959	3,712	2,961	₹

Quarterly income statement (standalone, ₹ Cr)

Indicator	Dec 18	Jun 18	Mar 18	Dec 17	Sep 17	Jun 17	Mar 17	Dec 16	Sep 16	Jun 16	Mar 16	Dec 15	Sep 15
Total income (before exceptional items)	7,257	6,319	5,665	5,603	5,628	5,662	5,978	5,958	6,109	6,051	6,084	6,037	5,925
Operating revenue	7,252	5,739	5,632	5,498	5,493	5,572	5,794	5,646	5,957	5,954	6,064	6,018	5,893
Other income	5	580	33	104	135	91	184	311	152	97	20	20	31
Operating expenses	1,336	579	656	292	376	429	668	109	-3,191	-3,109	-3,197	-3,257	-3,379
Operating profit	5,916	5,160	4,976	5,206	5,116	5,143	5,126	5,537	9,148	9,063	9,261	9,275	9,272
Operating profit margin	81.6%	89.9%	88.3%	94.7%	93.1%	92.3%	88.5%	98.1%	153.6%	152.2%	152.7%	154.1%	157.3%
Depreciation	2	2	2	1	1	1	1	1	2	1	1	1	1
Interest	4,089	3,628	3,743	3,434	3,427	3,343	3,423	3,373	3,425	3,553	3,754	3,707	3,517
Exceptional items, gain / (loss)	—	—	0	—	—	—	1	—	—	—	—	—	—
Profit before tax	1,830	2,111	1,265	1,875	1,823	1,890	1,887	2,474	2,447	2,053	1,773	1,880	2,269
Tax	555	642	430	578	608	589	568	719	695	632	613	510	650
Net profit	1,275	1,469	835	1,296	1,215	1,301	1,319	1,754	1,751	1,421	1,160	1,370	1,619
EPS	6.45	—	—	—	—	—	—	—	—	—	—	—	—
Net profit (TTM)	4,874	4,815	4,647	5,131	5,589	6,126	6,246	6,087	5,702	5,570	5,628	5,564	5,574
EPS (TTM)	—	—	—	—	—	—	—	—	—	—	—	—	—

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	59,140	20,713	16,282
March 31, 2025	55,911	19,860	15,713
March 31, 2024	47,214	17,781	14,019
March 31, 2023	39,208	13,739	11,055

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 18	Mar 17	Mar 16	Mar 15	Mar 14	Mar 13
Total income (before exceptional items)	—	—	—	—	—	—	22,558^†	24,095^†	23,756^†	20,388^†	16,931^†	13,599^†
Operating revenue	14.7%	—	59,140	55,911	47,214	39,208	22,195^†	23,351^†	23,638^†	20,230^†	16,818^†	13,519^†
Other income	—	—	—	—	—	—	363^†	745^†	118^†	159^†	113^†	80^†
Operating expenses	—	—	—	—	—	—	1,754^†	-5,523^†	-12,861^†	-10,735^†	-9,185^†	-5,750^†
Operating profit	—	—	—	—	—	—	20,441^†	28,873^†	36,499^†	30,964^†	26,003^†	19,269^†
Operating profit margin	—	—	—	—	—	—	92.1%^†	123.7%^†	154.4%^†	153.1%^†	154.6%^†	142.5%^†
Depreciation	—	—	—	—	—	—	6^†	5^†	5^†	7^†	4^†	4^†
Interest	—	—	—	—	—	—	13,947^†	13,774^†	14,283^†	11,845^†	9,885^†	8,006^†
Exceptional items, gain / (loss)	—	—	—	—	—	—	0^†	1^†	0^†	0^†	0^†	0^†
Profit before tax	14.7%	—	20,713	19,860	17,781	13,739	6,852^†	8,861^†	8,045^†	7,427^†	6,531^†	5,164^†
Tax	—	—	—	—	—	—	2,205^†	2,615^†	2,418^†	2,167^†	1,847^†	1,346^†
Net profit	13.8%	—	16,282	15,713	14,019	11,055	4,647^†	6,246^†	5,628^†	5,260^†	4,684^†	3,818^†
EPS	—	—	—	—	—	—	—	—	—	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 18	Mar 17	Mar 16	Mar 15	Mar 14	Mar 13
Operating margin	—	—	—	—	92.1%^†	123.7%^†	154.4%^†	153.1%^†	154.6%^†	142.5%^†
EBIT margin	—	—	—	—	93.7%^†	96.9%^†	94.5%^†	95.3%^†	97.6%^†	97.4%^†
PBT margin	35.0%	35.5%	37.7%	35.0%	30.9%^†	37.9%^†	34.0%^†	36.7%^†	38.8%^†	38.2%^†
Net margin	27.5%	28.1%	29.7%	28.2%	20.9%^†	26.7%^†	23.8%^†	26.0%^†	27.8%^†	28.2%^†
Interest coverage	—	—	—	—	1.49x^†	1.64x^†	1.56x^†	1.63x^†	1.66x^†	1.64x^†
Dividend payout	—	—	—	—	—	—	—	—	—	—
Earnings retention	—	—	—	—	—	—	—	—	—	—
Current ratio	—	—	—	—	—	—	—	—	—	—
Quick ratio	—	—	—	—	—	—	—	—	—	—
Debt to equity	—	—	—	—	—	—	—	—	—	—
Return on equity	19.3%	20.2%	—	—	—	—	—	—	—	—
Return on assets	2.5%	2.6%	—	—	—	—	—	—	—	—
Return on capital employed	—	—	—	—	—	—	—	—	—	—
Asset turnover	0.09x	0.09x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	5,914	-3,319	-2,375	75	5,839
March 31, 2025	-39,182	-1,146	40,034	81	-39,263
March 31, 2024	-57,885	-1,875	59,588	33	-57,918
March 31, 2023	-37,482	-804	38,111	18	-37,499
March 31, 2022	-3,963	-210	3,159	22	-3,984

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	639,076	84,290	81,657	—	—	—	—	45	565	0
March 31, 2025	613,555	77,638	75,005	—	—	—	—	55	578	0
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.