REC financials

·Banking & FinanceChart ›
Latest results Q2 FY27 · Jul–Sep 2026
Total income
₹15,010cr−1.0% on Q2 FY26
Net interest income
₹5,147cr−5.7% on Q2 FY26
Net profit
₹3,478cr−21.2% on Q2 FY26
EPS
₹13.21−21.2% on Q2 FY26

Quarterly results

Every quarter ›
₹ croreQ2 FY27Q2 FY26Change
Total income15,01015,162−1.0%
Net interest income5,1475,459−5.7%
Net profit3,4784,415−21.2%
EPS₹13.21₹16.77−21.2%

Over time

Q2 FY27 · Jul–Sep 2026latest
Total income₹15,010 crNet profit₹3,478 crNet interest margin3.1%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
76,363————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
59,12259,62856,43447,57139,520
—+5.7%+18.6%+20.4%—
21,07321,62220,97416,48415,113
—+3.1%+27.2%+9.1%—
3.5%3.5%3.6%3.3%3.3%
6.0%6.0%5.2%5.8%11.0%
0.0%0.0%0.2%−0.3%0.0%
15,09816,30815,88414,14511,167
—+2.7%+12.3%+26.7%—
₹57.34₹61.93₹60.32₹53.72₹42.41
—+2.7%+12.3%+26.7%—
20.0%20.0%21.5%22.2%19.2%
2.6%2.6%2.7%2.8%2.4%
Balance sheet
6,12,6785,79,2435,59,0884,99,1924,22,084
—+3.6%+12.0%+18.3%—
5,14,7255,14,7254,96,2434,45,5683,80,790
6.05×6.05×6.33×6.42×6.55×
7.53×7.53×7.84×7.90×8.01×
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

RECLTD₹290.00

REC Ltd.

· Banking & Finance
₹ CrorePeersPFCIREDAMUTHOOTFINBAJAJHLDNGHDFCAMCCHOLAFINIRFCTATACAPMcap ₹76,363 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————76,363.4
Total Income39,520.247,571.256,434.059,628.459,121.9
Growth %, YoY—+20.4+18.6+5.7—
Net Interest Income15,113.016,483.720,973.921,622.421,072.8
Growth %, YoY—+9.1+27.2+3.1—
NIM %, on assets3.253.253.613.453.45
Cost to Income %10.965.785.165.975.97
Credit Cost %, on avg loans0.04-0.300.190.040.04
Net Income11,167.014,145.515,884.216,308.215,098.0
Growth %, YoY—+26.7+12.3+2.7—
EPS, Adj (current shares)42.4153.7260.3261.9357.34
Growth %, YoY—+26.7+12.3+2.7—
ROE %19.2122.1921.5019.9619.96
ROA %2.402.792.732.602.60
Balance Sheet
Loans4,22,083.94,99,192.15,59,088.15,79,243.16,12,677.7
Growth %, YoY—+18.3+12.0+3.6—
Total Borrowings3,80,789.84,45,567.54,96,242.65,14,725.25,14,725.2
Debt/Equity ×6.556.426.336.056.05
Leverage (Assets/Equity) ×8.017.907.847.537.53
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

REC financials and key ratios

Prices at the 29 October 2026 close · figures from the company's filings with NSE

REC (NSE: RECLTD) had a market capitalisation of ₹77,983 crore at the 29 October 2026 close (₹296.15 a share), a PE ratio of 5.2 on the last four quarters' profit and a price-to-book ratio of 0.82. In FY26 its consolidated net profit was ₹16,308 crore on revenue of ₹59,584 crore; in Q2 FY27 (July–September 2026) it was ₹3,478 crore, down 21.2% year on year. Promoters held 52.63% of the shares on 30 September 2026.

REC Q2 FY27 results
July–September 2026
Share price used
₹296.15 · 29 October 2026 close
Latest balance sheet
30 September 2026
Shareholding pattern
30 September 2026
Share price and live chart
₹296.15 · 29 Oct close

REC at a glance · consolidated

Market cap
₹77,983 Crat ₹296.15 · 29 Oct close
PE ratio (last 4 quarters)
5.24.8 on FY26 profit
Price to book (PB)
0.82book value ₹361.61 a share
ROE (FY26)
20.0%
Debt to equity
5.63net debt ₹5,34,183 Cr
Promoter holding
52.63%unchanged vs 30 Jun 202630 September 2026
Dividend yield
4.59%₹13.60 a share in 12 months
Net worth
₹95,219 Cr+14.1% vs 30 Sep 202530 September 2026
EPS (FY26)
₹61.81

Questions

What is the REC PE ratio today?

REC's PE ratio is 5.2 at the 29 October 2026 close (₹296.15 a share): a market capitalisation of ₹77,983 crore divided by consolidated net profit of ₹15,098 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹16,308 crore) it is 4.8.

What is the REC debt to equity ratio?

REC's debt-to-equity ratio was 5.63 on 30 September 2026: borrowings, debt securities, deposits and subordinated debt of ₹5,36,536 crore against total equity of ₹95,219 crore. A year earlier, on 30 September 2025, it was 6.18.

What is the REC net worth?

REC's net worth — shareholders' equity in its consolidated balance sheet — was ₹95,219 crore on 30 September 2026, up 14.1% from ₹83,481 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹77,983 crore at the 29 October 2026 close.

What is the REC PB ratio (price to book value)?

REC's price-to-book (PB) ratio is 0.82 at the 29 October 2026 close: a market capitalisation of ₹77,983 crore divided by shareholders' equity (book value) of ₹95,219 crore on 30 September 2026. That is a book value of ₹361.61 per share against a share price of ₹296.15.

What is the REC book value per share?

REC's book value per share was ₹361.61 on 30 September 2026: shareholders' equity of ₹95,219 crore divided by the 263.32 crore shares in issue, up 14.1% from ₹317.03 a year earlier. The share price at the 29 October 2026 close was ₹296.15.

What is the REC dividend yield?

REC's dividend yield is 4.59% at the 29 October 2026 close: dividends of ₹13.60 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹296.15. They were ₹1.55 on 14 August 2026, ₹4.25 on 31 July 2026 (interim), ₹3.20 on 20 March 2026 (interim) and ₹4.60 on 6 February 2026 (interim).

What is the REC market cap?

REC's market capitalisation was ₹77,983 crore at the 29 October 2026 close: 263.32 crore shares at ₹296.15 each.

What is the REC ROE?

In FY26, REC's return on equity (ROE) was 20.0%. ROE is net profit divided by average shareholders' equity (the start and end of the year).

What is the REC EPS?

REC's basic earnings per share (EPS) were ₹61.81 in FY26, against ₹60.20 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹57.21.

What is the REC dividend in 2026 and its record date?

In 2026, REC has declared five dividends totalling ₹17.10 a share: ₹4.60 (interim) with record date 6 February 2026, ₹3.20 (interim) with record date 20 March 2026, ₹4.25 (interim) with record date 31 July 2026, ₹1.55 with record date 14 August 2026 and ₹3.50 (interim) with record date 30 October 2026.

What is the REC shareholding pattern?

On 30 September 2026, REC's shares were held by promoters 52.63%, foreign portfolio investors (FII/FPI) 16.78%, domestic institutions (DII) 16.55% (including mutual funds at 6.18%) and retail and other non-institutional investors 13.98%. Over the year, FII holding was down 1.19 percentage points from 17.97% and DII holding was up 0.69 percentage points from 15.86%.

How does the REC PE ratio compare with its peers?

At the 29 October 2026 closing prices, on FY26 net profit, REC's PE ratio is 4.8, the third highest of the four: PFC 4.1, IREDA 15.2 and Muthoot Finance 9.5, a peer average of 9.6. Each is the company's market capitalisation at that price divided by its FY26 net profit.

What is the REC promoter holding?

Promoters held 52.63% of REC on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.

What are the REC latest quarterly results?

REC's latest results are for Q2 FY27 (July–September 2026): consolidated net profit ₹3,478 crore, down 21.2% from ₹4,415 crore in Q2 FY26; revenue from operations ₹15,000 crore, down 1.0% year on year.

When are the REC next results?

REC has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.

What is the REC revenue and profit in FY26?

In FY26 (April 2025–March 2026), REC's consolidated net profit was ₹16,308 crore, up 2.7% from ₹15,884 crore in FY25, on revenue from operations of ₹59,584 crore (up 5.7%). Over three years, from FY23, net profit was up 46.0%.

How does REC compare with its peers?

On FY26 consolidated figures, against PFC, IREDA and Muthoot Finance: REC's return on equity of 20.0% is the third highest of the four (PFC 20.7%, IREDA 15.6%, Muthoot Finance 30.9%; peer average 22.4%).

REC vs PFC: how do they compare?

In FY26, REC earned net profit of ₹16,308 crore on revenue of ₹59,584 crore, against ₹25,901 crore on ₹1,15,444 crore for PFC. At the 29 October 2026 close, REC's market capitalisation was ₹77,983 crore against ₹1,05,801 crore for PFC, and its PE ratio on FY26 profit 4.8 against 4.1.

Where do these REC figures come from?

From REC's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.