REC Limited
Financials
Current price
Target price 00%
Ranks rating
76
Position in sub-industry
127 / 243
Position in country
1925 / 4091
Net income margin, %
27.4
14.3
EBITDA margin, %
34.7
30
Debt to Equity, %
673.9
156
Intangible assets and goodwill, %
0
0
Revenue CAGR 3Y, %
9.6
10.6
Total Equity change 1Y, %
17.5
0
Revenue Y, % chg
11.4
5
P/E
8.8
12.3
P/BV
1.7
0.8
P/S
2.5
2.4
EV/S
12.3
5.8
EV/EBITDA
35.9
10.3
Average Analyst recommendation
Buy
Buy
Average upside forecasts, %
26.4
26.4
Forward P/E
7.7
8.4
Dividend Yield, %
3.4
4.1
Forward Dividend Yield, %
0
1.1
Expected dividend per share
0.1
0.1
Payout Ratio, %
28.2
18.3
Dividend Ex Date
2024-03-28
Competitors
Ranks
-
Muthoot Microfin Ltd
00%
-
Power Finance Corporation Ltd
00%
-
QNB Finans Finansal Kiralama AS
00%
-
REC Limited
00%
-
Housing and Urban Development Corporation Ltd
00%
-
Mitsubishi HC Capital Inc
00%
-
Indian Railway Finance Corp Ltd
00%
-
Piramal Enterprises Ltd
00%
-
Indian Renewable Energy Development Agency Ltd
00%
-
IFCI Ltd
00%
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Company information
Country
India
Sector
Financials
Industry group
Financial Services
Industry
Financial Services
Sub-sector
Financials
Capitalization (millions of $)
13881.3
Ticker
RECM.NS
ISIN
INE020B01018
IPO date
2008-12-03
Availability on Russian exchanges
No
Reporting for
2024-01-23
Date fact. publication of reports
2023-12-31
Company Description
REC Limited, formerly Rural Electrification Corporation Limited, is engaged in other financial services and activities-other Credit granting. The Company provides finance to power sector. It finances and promotes rural electrification projects all over the country. It provides financial assistance to State Electricity Boards, State Government Departments and Rural Electric Cooperatives for rural electrification projects as are sponsored by them. It provides loan assistance to state electricity boards (SEBs)/State Power Utilities for investments in rural electrification schemes through its corporate office located at New Delhi and over 20 field units, which are located in most of the states. It has sanctioned approximately 580 transmission and distribution schemes, which include primary power evacuation schemes associated with generating plants, system improvement schemes, including feeder segregation schemes, bulk loan schemes and intensive electrification schemes.
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