REC Limited Share Price and Company Fundamentals
Last traded: Today at 5:23 AM
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.
Key Metrics
PE ratio
2.54
PB ratio
0.50
Dividend yield
11.80%
Beta
0.77
Market cap
-
Enterprise value
-
Company profile
| Industry / Sector | Credit Services / Financial Services |
|---|---|
| Website | https://www.recindia.nic.in |
| Mailing address | Plot No. I-4, Sector 29 Near IFFCO Chowk Metro Station Gurugram 122001 India |
| Phone / Fax | 91 12 4444 1300 / |
Dividends
Dividend yield
11.80%
Dividend amount
₹15.30
Payout ratio
24.03%
5Y Avg. yield
8.79%
REC Limited paid ₹15.30 dividend and the ex-dividend date was 12 July 2022.The dividend payout ratio is 24.03%. The dividend payout ratio is defined as the amout of dividend paid divided by the earnings of the company.RECLTD dividend payout ratio is less than 70. This is ideal as it gives company room to grow the dividends and also the excess earnings can be invested in company for growth.
RECLTD's forward dividend amount is ₹17.01 and the forward dividend yield is 13.26%. A forward dividend yield is the percentage of a company's current stock price that it expects to pay out as dividends over a certain time period, generally 12 months. Forward dividend yields are generally used in circumstances where the yield is predictable based on past instances. If not, trailing yields, which indicate the same value over the previous 12 months, are used.
Company Executives
As of Jul 2022, following are the company executives and directors listed on REC Limited.
| Name | Title | Age | Total Pay |
|---|---|---|---|
| Mr. Ajoy Choudhury | Director of Fin. & Director | 7.26M | |
| Mr. Jyoti Shubhra Amitabh | Exec. Director, GM, Compliance Officer & Company Sec. | 55 | 6.57M |
| Mr. Vivek Kumar Dewangan I.A.S. | Chairman & MD | 54 | |
| Mr. Daljeet Singh Khatri | Chief Gen. Mang. of Fin. & Accounts | ||
| Mr. S. L. Batta | Exec. Director of Law | ||
| Ms. Kalpana Kaul | Exec. Director of HR, Corp. Communications & PR | ||
| Mr. Vijay Kumar Arora | Chief Risk Officer | 68 | |
| Dr. Sunita Singh IFoS | Chief Vigilance Officer | ||
| Mr. S. N. Gaikward | Exec. Director of Project Monitoring Division | 60 | |
| Mr. Vijay Kumar Singh | Exec. Director of Private Sector Project Management |
Profitability and management effectiveness
Profit margin
72.63%
Operating margin
95.83%
Return on assets
2.47%
Return on equity
21.11%
Profitability ratios are a class of financial metrics that are used to assess a business's ability to generate earnings relative to its revenue, operating costs, balance sheet assets, and shareholders' equity over time, using data from a specific point in time.
The return on equity signifies how well the management is running the company in terms of capital management. The ideal return on equity is greater than 10%. The return on equity is calculated as net income divided by total share holders equity.
Valuation and Trading Info
The market capitalization of REC Limited is and its enterprise value is .
The RECLTD's stocks Beta value is 0.77 making it 23% less volatile compared to NSE market index. Technology stocks and small caps tend to have higher betas than the market benchmark. This indicates that adding the stock to a portfolio will increase the portfolio’s risk, but also increase its expected return. On the other hand utility stocks often have low betas because they tend to move more slowly than market averages.
REC Limited (NSE:RECLTD) Frequently Asked Questions
1. What is REC Limited's Stock Symbol?
REC Limited trades on NSE under the ticker symbol "RECLTD".
2. What is REC Limited's stock price today?
One share of RECLTD stock can currently be purchased for approximately ₹130.7.
3. How can I contact REC Limited?
REC Limited's mailing address is Plot No. I-4, Sector 29 Near IFFCO Chowk Metro Station Gurugram 122001 India. The company can be reached via phone at 91 12 4444 1300.
4. What is REC Limited's official website?
The official website of REC Limited is https://www.recindia.nic.in.