REC Limited

Web: recindia.nic.in NSE: RECLTD BSE: 532955 SECTOR: Financial Services - Finance | Add Note | View Notes

320 6(2%)

Near 52W Low of 304

Volume

43L as on 03, Sep

Open

312

High

312

Low

310

314

VWAP

316

52 Week High

390

52 Week Low

304

Viand Research Rating

Quality Score

0/100

Growth Score

4/100

Valuation Score

60/100

Momentum Score

0/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

84,211

No. of Shares

263

P/E

5.79

P/B

1.91

Face Value

Div. Yield

Book Value (TTM)

CASH

DEBT

EPS (TTM)

ROE

20.21

ROCE

Profit Growth

Listing Date

12-Mar-08

Promoter Holding

52.63%

FII Holding

15.76%

DII Holding

16.98%

Price Chart

Price Performance

1 Week2%

1 Month15%

3 Months4%

6 Months7%

1 Year14%

YTD15%

Moving Average

5 Day SMA317

10 Day SMA321

20 Day SMA332

30 Day SMA344

50 Day SMA350

61 Day SMA351

80 Day SMA348

200 Day SMA352

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	328	319	323	330
Resistance 2	323	318	320	324
Resistance 1	320	317	318	322
Pivot Point	315	316	315	316
Support 1	312	316	312	314
Support 2	307	315	310	308
Support 3	304	314	307	306

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	HDFCBANK	11,02,653	712	1%	6%	20%	26%	15	40.9	0	79219
2	ICICIBANK	10,28,335	1423	1%	2%	4%	2%	16	40.9	0	57936
3	SBIN	9,43,185	1016	2%	2%	14%	26%	11	40.9	0	86666
4	BAJFINANCE	6,57,612	1060	3%	9%	7%	12%	28	40.9	0	19332
5	LICI	5,29,086	418	1%	3%	50%	53%	9	40.9	0	57453
6	KOTAKBANK	4,23,124	424	1%	6%	2%	78%	20	40.9	0	19288
7	AXISBANK	3,96,596	1273	1%	0%	8%	21%	15	40.9	0	26548
8	BAJAJFINSV	3,16,023	1970	1%	5%	3%	1%	13	40.9	5.52	19669
9	SHRIRAMFIN	2,44,475	1041	5%	4%	1%	78%	21	40.9	0	10024
10	SBILIFE	1,76,519	1775	3%	10%	16%	4%	70	40.9	0	2470
Load More

Shareholding Pattern (%)

	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021
Promoters	(0.01) 52.63%	(0.01) 52.63%	(0.01) 52.63%	(0.01) 52.63%	(0.01) 52.63%	(0.01) 52.63%	(0.01) 52.63%	(0.01) 52.63%	(0.01) 52.63%	(0.01) 52.63%	(0.01) 52.63%	(0.01) 52.63%	(0.01) 52.63%	(0.01) 52.63%	(0.01) 52.63%	(0.01) 52.63%	(0.01) 52.63%	(0.01) 52.63%	(0.01) 52.63%	(0.01) 52.63%
FIIs	(0.01) 15.76%	(-0.71) 15.79%	(-1.51) 16.46%	(-1.21) 17.97%	(-1.31) 19.16%	(-1.31) 20.48%	(0.51) 21.74%	(0.81) 21.22%	(0.51) 20.43%	(-0.71) 19.91%	(0.21) 20.60%	(-1.51) 20.36%	(0.41) 21.90%	(0.01) 21.52%	(-1.91) 21.50%	(0.11) 23.41%	(-0.91) 23.36%	(-0.61) 24.27%	(-2.01) 24.85%	(0.01) 26.82%
DIIs	(0.61) 16.98%	(0.11) 16.36%	(0.41) 16.21%	(0.41) 15.86%	(0.71) 15.51%	(0.91) 14.79%	(-0.31) 13.91%	(-0.41) 14.25%	(-0.81) 14.68%	(1.31) 15.44%	(0.11) 14.16%	(2.11) 14.10%	(0.21) 12.02%	(-0.21) 11.87%	(0.21) 12.11%	(3.31) 11.95%	(-0.81) 8.68%	(-0.51) 9.43%	(0.51) 9.94%	(0.01) 9.48%
Government	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.00%	0.00%	0.00%	0.00%
Public	14.57%	15.17%	14.64%	13.48%	12.65%	12.05%	11.67%	11.84%	12.21%	11.96%	12.55%	12.87%	13.41%	13.93%	13.73%	11.97%	15.32%	13.66%	12.58%	11.06%
No. of Shareholders	1,175,194	1,208,647	1,179,931	1,154,542	1,126,511	1,082,798	1,041,317	1,040,888	1,033,684	770,808	689,192	621,578	571,815	576,759	550,067	520,507	467,024	423,518	381,990	331,546

Quarterly Results

	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021	Jun 2021
Sales	14435	14564	15051	15153	14737	15334	14272	13682	13079	12677	12052	11688	11104	10243	9782	9956	9497	9633	10037	10048	9551
Sales Growth % (YoY)	-2%	-5%	5.5%	10.8%	12.7%	21%	18.4%	17.1%	17.8%	23.8%	23.2%	17.4%	16.9%	6.3%	-2.5%	-0.9%	-0.6%	4.6%	10.5%	14%	17.4%
Sales Growth % (QoQ)	-0.9%	-3.2%	-0.7%	2.8%	-3.9%	7.4%	4.3%	4.6%	3.2%	5.2%	3.1%	5.3%	8.4%	4.7%	-1.7%	4.8%	-1.4%	-4%	-0.1%	5.2%	-
Expenses	447	1231	655	476	217	1084	263	97	717	-425	240	-492	332	-149	45	794	1175	1440	1065	1155	1179
Operating Profit	5241	4402	5154	5546	5587	5482	5172	5079	4341	5206	4158	4831	3723	3896	3603	9162	8323	8193	8973	8893	8372
OPM %	36	30	34	37	38	36	36	37	33	41	34	41	34	38	37	92	88	85	89	88	88
Other Income	35	20	-11	10	87	15	15	24	14	29	20	13	4	12	14	8	9	23	32	9	6
Interest	8748	8931	9243	9131	8934	8768	8837	8506	8020	7896	7654	7350	7049	6496	6134	5728	5376	5353	5548	5562	5588
Depreciation	7	7	7	7	7	6	6	6	6	6	6	6	6	6	6	6	6	6	5	5	3
Profit before tax	5268	4415	5136	5549	5666	5490	5181	5097	4349	5229	4172	4838	3721	3901	3610	3436	2950	2857	3452	3335	2787
Tax %	20	24	21	20	21	21	21	21	20	22	21	22	20	21	19	20	17	19	20	19	19
Net Profit	4193	3375	4052	4415	4466	4310	4076	4038	3460	4079	3308	3790	2968	3065	2915	2732	2454	2301	2773	2692	2269
Net Profit Growth % (QoQ)	24.2%	-16.7%	-8.2%	-1.1%	3.6%	5.7%	0.9%	16.7%	-15.2%	23.3%	-12.7%	27.7%	-3.2%	5.1%	6.7%	11.3%	6.6%	-17%	3%	18.6%	-
Net Profit Growth % (YoY)	-6.1%	-21.7%	-0.6%	9.3%	29.1%	5.7%	23.2%	6.5%	16.6%	33.1%	13.5%	38.7%	20.9%	33.2%	5.1%	1.5%	8.2%	-	-	-	-
TTM Net Profit	16035	16308	17243	17267	16890	15884	15653	14885	14637	14145	13131	12738	11680	11166	10402	10260	10220	10035	7734	4961	0
EPS in Rs	15.92	12.82	15.39	16.77	16.96	16.37	15.48	15.33	13.14	15.49	12.56	14.39	11.27	11.64	11.07	10.38	9.32	8.74	10.53	10.22	8.62

Profit and Loss

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Sales	59584	56369	47517	39486	39276	35557	29942	25408	22658	24338	24125	20544	17223	13634
Sales Growth %	5.7%	18.6%	20.3%	0.5%	10.5%	18.8%	17.8%	12.1%	-6.9%	0.9%	17.4%	19.3%	26.3%	29.8%
Expenses	2579	2153	-366	1858	4838	3292	3981	1702	3379	1888	1680	1149	572	365
Operating Profit	20767	20084	17936	13894	12387	10776	6969	8066	5946	8988	8162	7555	6616	13270
OPM %	35	36	38	35	32	30	23	32	26	37	34	37	38	97
Other Income	26	58	48	28	62	15	72	33	18	24	4	6	6	4
Interest	36238	34131	29948	23733	22051	21489	18991	15639	13333	13462	14282	11840	10035	8083
Depreciation	27	25	24	24	18	11	12	8	7	40	20	8	5	4
Profit before tax	20766	20117	17960	13898	12431	10780	7030	8090	5958	8972	8147	7552	6617	5186
Tax %	21	21	21	20	19	22	29	29	25	30	30	29	28	26
Net Profit	16308	15884	14145	11167	10036	8378	4972	5741	4451	6313	5691	5344	4741	3833
Net Profit Growth %	2.7%	12.3%	26.7%	11.3%	19.8%	68.5%	-13.4%	29%	-29.5%	10.9%	6.5%	12.7%	23.7%	-
EPS in Rs	61.93	60.32	53.72	42.41	38.11	31.82	18.88	21.8	16.9	23.98	21.61	20.3	18.01	14.56
Dividend Payout %	30	30	30	30	30	30	44	38	41	30	30	20	20	21

Cash Flows

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Cash from Operating Activity	5972	-39064	-57723	-37360	-3910	-43512	-32712	-35866	-32510	6805	-13278	-23898	-17244	-20059
Cash from Investing Activity	-3308	-1302	-1831	-943	-287	861	121	457	46	-101	-756	151	136	152
Cash from Financing Activity	-2375	40034	59588	38123	3159	42113	33926	35543	28244	-3947	15291	23098	16815	16059
Net Cash Flow	289	-333	34	-180	-1038	-538	1336	134	-4220	2757	1257	-649	-293	-3847

Balance Sheet

	Mar 2026	Sep 2025	Mar 2025	Sep 2024	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Equity Capital	2633	2633	2633	2633	2633	2633	1975	1975	1975	1975	1975	1975	987	987	987	987
Reserves	82421	80848	75743	70877	66717	55487	49339	41789	33422	32571	30613	31696	27906	24085	19816	16543
Borrowings	0	0	0	483617	0	0	0	0	0	0	0	0	0	0	0	107762
Other Liabilities	40378	40690	39883	38100	33273	26592	26503	27380	25345	19659	5416	8723	8840	7404	5968	5277
Total Liabilities	640158	640351	614502	595227	548191	465503	410860	400867	347030	298454	242370	210245	206945	183456	152944	130570
Fixed Assets	616	618	629	622	632	641	628	267	166	165	132	355	254	110	73	72
CWIP	128	105	76	49	24	3	6	336	288	199	129	166	78	10	10	9
Investments	9831	8172	6674	6790	5352	3170	2190	1981	2386	2463	2948	2617	2352	1596	1690	638
Other Assets	629583	631455	607123	587766	542184	461689	408035	398282	344190	295627	239162	207108	204261	181740	151170	129851
Total Assets	640158	640351	614502	595227	548191	465503	410860	400867	347030	298454	242370	210245	206945	183456	152944	130570

Delivery

Delivery Data: RECLTD

#	Date	310 22% 379	Value (Cr)	Q/T 117	Del 55	Del 152
1	4-Sep	319	187	169	57	106
2	3-Sep	314	136	153	54	74
3	2-Sep	316	157	141	51	80
4	1-Sep	314	205	135	44	90
5	31-Aug	323	252	164	58	147
6	28-Aug	317	138	115	55	76
7	27-Aug	321	200	110	54	108
8	26-Aug	322	99	116	58	58
9	25-Aug	326	138	123	49	68
10	24-Aug	328	185	95	53	98
11	21-Aug	327	142	100	57	81
12	20-Aug	328	258	106	51	131
13	19-Aug	337	173	117	57	98
14	18-Aug	338	203	138	65	132
15	17-Aug	340	174	176	52	90
16	14-Aug	335	246	91	51	126
17	13-Aug	346	285	132	65	187
18	12-Aug	346	389	148	66	255
19	11-Aug	345	333	168	65	215
20	10-Aug	344	438	124	55	241
21	7-Aug	367	149	145	56	84
22	6-Aug	362	143	58	52	74
23	5-Aug	366	120	101	50	59
24	4-Aug	368	130	111	63	82
25	3-Aug	368	130	114	58	76
26	31-Jul	373	134	102	58	78
27	30-Jul	375	151	95	57	86
28	29-Jul	374	236	102	50	118
29	28-Jul	368	157	102	43	67
30	27-Jul	368	343	102	56	191
31	24-Jul	362	165	101	52	86
32	23-Jul	358	109	94	58	63
33	22-Jul	361	81	63	60	48
34	21-Jul	362	124	99	51	64
35	20-Jul	364	245	122	60	146
36	17-Jul	355	257	128	56	145
37	16-Jul	350	144	108	60	87
38	15-Jul	352	137	94	62	85
39	14-Jul	352	130	91	55	71
40	13-Jul	351	135	104	53	71
41	10-Jul	352	142	94	52	74
42	9-Jul	352	194	106	59	115
43	8-Jul	349	274	104	58	159
44	7-Jul	356	148	83	58	87
45	6-Jul	365	117	72	58	68
46	3-Jul	365	261	149	61	159
47	2-Jul	370	174	109	67	117
48	1-Jul	370	270	114	65	175
49	30-Jun	364	377	120	58	218
50	29-Jun	365	388	113	57	223

Daily Market Cap

Date	Total Market Cap	Change	Chg %
04-Sep	84,211c	1,224c	1.48
03-Sep	82,986c	369c	0.45
01-Sep	82,617c	263c	0.32
31-Aug	82,354c	2,146c	2.54
27-Aug	84,500c	1,712c	1.99
26-Aug	86,212c	369c	0.43
25-Aug	85,843c	500c	0.58
24-Aug	86,343c	158c	0.18
21-Aug	86,185c	2,554c	2.88
19-Aug	88,740c	395c	0.44
18-Aug	89,135c	395c	0.44
17-Aug	89,530c	1,317c	1.49
14-Aug	88,213c	2,001c	2.22
13-Aug	90,214c	895c	0.98
12-Aug	91,110c	1,303c	1.41
10-Aug	92,413c	3,252c	3.40
06-Aug	95,665c	764c	0.79
05-Aug	96,429c	474c	0.49
04-Aug	96,903c	171c	0.18
03-Aug	97,074c	1,106c	1.13
31-Jul	98,180c	171c	0.17
30-Jul	98,351c	105c	0.11
29-Jul	98,456c	1,422c	1.47
28-Jul	97,034c	79c	0.08
27-Jul	97,113c	2,054c	2.16
24-Jul	95,059c	0	0

Stock Checklist

Price is above from 52 week high low average: 18%

Stock is trading above all short term SMAs: NO

Stock is trading above all long term SMAs: NO

Stock is Consistently Improving Long Term: NO

FII purchased in last quarter: NO

Promoters are buying the stock: NO

Mutual Fund Holdings

Held by 845 fund scheme(s) across 49 fund house(s) as of Aug26 · Total value ₹142,834 Cr · 333 increasing / 341 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
ICICI Prudential Mutual Fund	48	2.45%	+0.63%	21629
HDFC Mutual Fund	52	1.89%	+0.33%	20295.3
Kotak Mahindra Mutual Fund	54	1.78%	-0.37%	15423.3
Aditya Birla Sun Life Mutual Fund	42	2.21%	+0.82%	14731.4
ICICI Prudential Asset Management Company Limited	15	1.70%	+0.35%	13646.2
SBI Mutual Fund	43	1.16%	-0.32%	8852.3
Axis Mutual Fund	46	1.88%	+2.15%	8574.9
Nippon India Mutual Fund	40	1.83%	-1.72%	8310.3
Bandhan Mutual Fund	38	2.16%	-2.97%	5916.9
DSP Mutual Fund	24	1.77%	+5.06%	3324
HSBC Mutual Fund	24	3.71%	-	2938.9
Franklin Templeton Mutual Fund	37	3.27%	-3.77%	2751.5
UTI Mutual Fund	41	1.85%	-1.91%	2711.8
Invesco Mutual Fund	20	2.18%	+2.90%	1851.1
Baroda BNP Paribas Mutual Fund	26	3.21%	-1.40%	1802.5
Edelweiss Mutual Fund	18	2.14%	+8.60%	1522.4
Tata Mutual Fund	18	1.87%	-1.55%	1227.5
Sundaram Mutual Fund	32	1.22%	-0.38%	1058.2
Canara Robeco Mutual Fund	15	2.34%	-0.13%	1015.2
LIC Mutual Fund	14	2.53%	-0.80%	982.1
PPFAS Mutual Fund	10	0.24%	+0.42%	797.5
Mirae Asset Mutual Fund	24	1.13%	+0.62%	701
WhiteOak Capital Mutual Fund	22	0.83%	-1.41%	524.9
Union Mutual Fund	12	1.94%	-2.36%	339.1
Bajaj Finserv Mutual Fund	8	1.82%	-4.26%	256.7
JM Financial Mutual Fund	17	2.45%	+0.72%	235.6
Mahindra Manulife Mutual Fund	8	3.11%	-	230.6
JM Financial Asset Management Limited	5	2.65%	-1.37%	202.2
Franklin Templeton Asset Management (India) Private Limited	1	3.65%	-14.32%	186.9
Motilal Oswal Mutual Fund	10	1.55%	+0.33%	183.4
360 ONE Mutual Fund	4	4.01%	-1.47%	122.5
PGIM India Mutual Fund	8	0.45%	-1.09%	107
Aditya Birla Sun Life AMC Limited	2	0.76%	-	70.2
Navi Mutual Fund	10	1.48%	-0.09%	58.8
Jio BlackRock Mutual Fund	4	2.93%	-10.77%	54.4
Bank of India Mutual Fund	4	1.22%	-3.58%	50.1
Sundaram Asset Management Company Ltd	3	1.70%	-0.48%	38.1
The Wealth Company Mutual Fund	4	6.55%	+6.40%	30.2
ITI Mutual Fund	6	3.05%	-0.02%	28.4
Shriram Mutual Fund	12	1.19%	+0.02%	13.9
Capitalmind Mutual Fund	2	5.26%	-6.10%	10
Taurus Mutual Fund	2	3.66%	+0.24%	9.2
PGIM India Asset Management Private Limite	3	0.33%	-6.24%	4.9
NJ Mutual Fund	2	0.06%	+0.01%	3.8
quant Mutual Fund	2	4.00%	-0.42%	3.8
Zerodha Mutual Fund	3	0.17%	-	3.1
Groww Mutual Fund	6	0.31%	+0.01%	2.7
Choice Mutual Fund	2	1.67%	+1.67%	0.6
Angel One Mutual Fund	2	0.23%	+0.01%	0.3

REC Limited

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