REC Limited
REC Limited (RECLTD) financial statements and selected valuation metrics from NSE/BSE exchange filings through 30 June 2026.
Financial Services›Financial Services›Finance›Financial Institution
recindia.nic.in(opens the company website in a new tab)Key metrics
Price as of 2026-09-02
Stock price
₹316.45
Market cap
83,342 Cr
Stock P/E
5.3
P/B
0.99
Dividend yield
7.3%
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Share price
NSE closing price from historical market data.
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Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 4,050 Cr | 4,296 Cr | 4,494 Cr | 4,675 Cr | 4,979 Cr | 5,141 Cr | 6,179 Cr | 5,578 Cr | 5,459 Cr | 5,284 Cr | 5,188 Cr | 5,453 Cr |
| Other income | 13 Cr | 20 Cr | 29 Cr | 14 Cr | 24 Cr | 15 Cr | 15 Cr | 87 Cr | 10 Cr | 41 Cr | 20 Cr | 35 Cr |
| Net operating income | 4,063 Cr | 4,316 Cr | 4,524 Cr | 4,689 Cr | 5,003 Cr | 5,156 Cr | 6,194 Cr | 5,665 Cr | 5,469 Cr | 5,325 Cr | 5,208 Cr | 5,488 Cr |
| Employee cost | 49 Cr | 69 Cr | 66 Cr | 62 Cr | 65 Cr | 55 Cr | 86 Cr | 64 Cr | 67 Cr | 71 Cr | 70 Cr | 74 Cr |
| Other expenses | 220 Cr | 109 Cr | 234 Cr | 183 Cr | 166 Cr | 288 Cr | 221 Cr | 176 Cr | 210 Cr | 204 Cr | 508 Cr | 1,033 Cr |
| Provisions & contingencies | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation | 6 Cr | 6 Cr | 6 Cr | 6 Cr | 6 Cr | 6 Cr | 6 Cr | 7 Cr | 7 Cr | 7 Cr | 7 Cr | 7 Cr |
| Profit before tax | 4,838 Cr | 4,172 Cr | 5,229 Cr | 4,349 Cr | 5,097 Cr | 5,181 Cr | 5,490 Cr | 5,666 Cr | 5,549 Cr | 5,136 Cr | 4,415 Cr | 5,268 Cr |
| Tax % | 21.7% | 20.7% | 22.0% | 20.4% | 20.8% | 21.3% | 21.5% | 21.2% | 20.4% | 21.1% | 23.5% | 20.4% |
| Net profit | 3,790 Cr | 3,308 Cr | 4,079 Cr | 3,460 Cr | 4,038 Cr | 4,076 Cr | 4,310 Cr | 4,466 Cr | 4,415 Cr | 4,052 Cr | 3,375 Cr | 4,193 Cr |
| EPS (₹) | ₹14.39 | ₹12.56 | ₹15.36 | ₹13.14 | ₹15.33 | ₹15.48 | ₹16.24 | ₹16.96 | ₹16.77 | ₹15.39 | ₹12.69 | ₹15.92 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2019 | Mar 2020BSE balance sheet (this exchange's own filing had none for this period) | Mar 2021BSE balance sheet (this exchange's own filing had none for this period) | Mar 2022BSE balance sheet (this exchange's own filing had none for this period) | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 9,344 Cr | 10,680 Cr | 13,204 Cr | 16,144 Cr | 15,113 Cr | 16,484 Cr | 20,974 Cr | 21,622 Cr | Sign in for TTM |
| Other income | 32 Cr | 77 Cr | 23 Cr | 70 Cr | 42 Cr | 66 Cr | 67 Cr | 44 Cr | Sign in for TTM |
| Net operating income | 9,377 Cr | 10,758 Cr | 13,227 Cr | 16,214 Cr | 15,155 Cr | 16,550 Cr | 21,041 Cr | 21,667 Cr | Sign in for TTM |
| Employee cost | 177 Cr | 193 Cr | 164 Cr | 180 Cr | 204 Cr | 238 Cr | 268 Cr | 272 Cr | Sign in for TTM |
| Other expenses | 900 Cr | 2,819 Cr | 674 Cr | 1,161 Cr | 1,502 Cr | 757 Cr | 857 Cr | 1,098 Cr | Sign in for TTM |
| Provisions & contingencies | — | — | — | — | — | — | — | — | Sign in for TTM |
| Depreciation | 8 Cr | 12 Cr | 11 Cr | 18 Cr | 24 Cr | 24 Cr | 25 Cr | 27 Cr | Sign in for TTM |
| Profit before tax | 8,090 Cr | 7,030 Cr | 10,780 Cr | 12,431 Cr | 13,898 Cr | 17,960 Cr | 20,117 Cr | 20,766 Cr | Sign in for TTM |
| Tax % | 29.0% | 29.3% | 22.3% | 19.3% | 19.6% | 21.2% | 21.0% | 21.5% | Sign in for TTM |
| Net profit | 5,741 Cr | 4,972 Cr | 8,378 Cr | 10,036 Cr | 11,167 Cr | 14,145 Cr | 15,884 Cr | 16,308 Cr | Sign in for TTM |
| EPS (₹) | ₹29.07 | ₹25.18 | ₹42.42 | ₹50.82 | ₹42.28 | ₹53.59 | ₹60.20 | ₹61.81 | Sign in for TTM |
| Dividend payout % | — | — | — | 24.0% | 27.9% | 20.2% | 35.3% | 37.5% | Sign in for TTM |
Sign in for TTM
Trailing twelve months totals and margin rows
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2019 | Mar 2020BSE balance sheet (this exchange's own filing had none for this period) | Mar 2021BSE balance sheet (this exchange's own filing had none for this period) | Mar 2022BSE balance sheet (this exchange's own filing had none for this period) | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 1,975 Cr | 1,975 Cr | 1,975 Cr | 1,975 Cr | 2,633 Cr | 2,633 Cr | 2,633 Cr | 2,633 Cr |
| Reserves | 32,571 Cr | 33,422 Cr | 41,789 Cr | 49,339 Cr | 55,487 Cr | 66,717 Cr | 75,743 Cr | 82,421 Cr |
| Borrowings | 2,44,249 Cr | 2,86,289 Cr | 3,29,723 Cr | 3,33,043 Cr | 3,80,790 Cr | 4,45,568 Cr | 4,96,243 Cr | 5,14,725 Cr |
| Other liabilities | 19,659 Cr | 25,345 Cr | 27,380 Cr | 26,503 Cr | 26,592 Cr | 33,273 Cr | 39,883 Cr | 40,378 Cr |
| Total liabilities | 2,98,454 Cr | 3,47,030 Cr | 4,00,867 Cr | 4,10,860 Cr | 4,65,503 Cr | 5,48,191 Cr | 6,14,502 Cr | 6,40,158 Cr |
| Fixed assets (net) | 157 Cr | 157 Cr | 261 Cr | 624 Cr | 639 Cr | 631 Cr | 626 Cr | 613 Cr |
| CWIP | 197 Cr | 288 Cr | 336 Cr | 6 Cr | 3 Cr | 24 Cr | 76 Cr | 128 Cr |
| Investments | 2,283 Cr | 2,127 Cr | 1,724 Cr | 2,190 Cr | 3,170 Cr | 5,352 Cr | 6,675 Cr | 9,832 Cr |
| Loans & advances | 2,70,451 Cr | 3,12,084 Cr | 3,65,261 Cr | 3,71,931 Cr | 4,22,084 Cr | 4,99,192 Cr | 5,59,088 Cr | 5,79,243 Cr |
| Trade receivables | 138 Cr | 111 Cr | 140 Cr | 95 Cr | 113 Cr | 154 Cr | 235 Cr | 293 Cr |
| Cash & bank | 382 Cr | 1,718 Cr | 1,179 Cr | 141 Cr | 49 Cr | 263 Cr | 234 Cr | 293 Cr |
| Other assets | 24,846 Cr | 30,546 Cr | 31,966 Cr | 35,873 Cr | 39,445 Cr | 42,576 Cr | 47,568 Cr | 49,756 Cr |
| Total assets | 2,98,454 Cr | 3,47,030 Cr | 4,00,867 Cr | 4,10,860 Cr | 4,65,503 Cr | 5,48,191 Cr | 6,14,502 Cr | 6,40,158 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2019 | Mar 2020BSE balance sheet (this exchange's own filing had none for this period) | Mar 2021BSE balance sheet (this exchange's own filing had none for this period) | Mar 2022BSE balance sheet (this exchange's own filing had none for this period) | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | — | — | — | -3,910 Cr | -37,360 Cr | -57,723 Cr | -39,101 Cr | 5,972 Cr |
| Cash from investing | — | — | — | -287 Cr | -943 Cr | -1,831 Cr | -1,265 Cr | -3,308 Cr |
| Cash from financing | — | — | — | 3,159 Cr | 38,123 Cr | 59,588 Cr | 40,034 Cr | -2,375 Cr |
| Net cash flow | — | — | — | -1,038 Cr | -180 Cr | 34 Cr | -333 Cr | 289 Cr |
| Free cash flow (OCF − Capex) | — | — | — | -3,931 Cr | -37,377 Cr | -57,756 Cr | -39,184 Cr | 5,896 Cr |
Ratios
Ratios as reported or derived per annual period.
| Metric | Mar 2019 | Mar 2020BSE balance sheet (this exchange's own filing had none for this period) | Mar 2021BSE balance sheet (this exchange's own filing had none for this period) | Mar 2022BSE balance sheet (this exchange's own filing had none for this period) | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| ROCE % | 8.5% | 8.1% | 8.6% | 67.2% | 8.6% | 9.3% | 9.4% | 9.5% |
| ROE % | 0.0% | 14.0% | 20.6% | 0.0% | 19.2% | 20.4% | 20.3% | 19.2% |
| Debtor days | 2 | 1 | 1 | 1 | 1 | 1 | 2 | 2 |
| Inventory days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days payable | — | — | — | — | — | — | — | — |
| Cash conversion cycle | 2 | 1 | 1 | 1 | 1 | 1 | 2 | 2 |
| Debt / equity | 7.07 | 0.08 | 7.53 | 6.49 | 6.55 | 6.42 | 6.33 | 6.05 |
| Current ratio | — | — | — | — | — | — | — | — |
| Net debt / EBITDA | 10.29 | 0.00 | 0.00 | 0.00 | 10.12 | 9.30 | 9.15 | 9.02 |
Regulatory ratios (standalone basis)
RBI/Basel III ratios — NPA, CET1, CRAR, NIM, ROA — for the licensed banking entity. Always sourced from the standalone filing, even on the consolidated view, since these have no consolidated-group definition.
| Metric | Mar 2019 | Mar 2020BSE balance sheet (this exchange's own filing had none for this period) | Mar 2021BSE balance sheet (this exchange's own filing had none for this period) | Mar 2022BSE balance sheet (this exchange's own filing had none for this period) | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Gross NPA | — | — | — | — | — | — | — | — |
| Gross NPA % | — | — | — | — | — | — | — | — |
| Net NPA | — | — | — | — | — | — | — | — |
| Net NPA % | — | — | — | — | — | — | — | — |
| CET1 % | — | — | — | — | — | — | — | — |
| Additional Tier 1 % | — | — | — | — | — | — | — | — |
| Capital adequacy % | — | — | — | — | — | — | — | — |
| NIM % | — | — | — | — | — | — | — | — |
| ROA % | — | — | — | — | — | — | — | — |
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