RESEARCH REPORT ON REC LIMITED

RESEARCH REPORT ON REC LIMITED

REC Limited is an India-based infrastructure finance company. The Company’s main business is to provide finance to power sector. The Company’s principal products include interest-bearing loans to state electricity boards, state power utilities/state power departments and private sector for all segments of power infrastructure. It is engaged in financing projects and schemes of various power sector value chain, including generation (both conventional and renewable energy), transmission, distribution, rural electrification and activities having forward or backward linkage with power projects. It provides financial assistance to state electricity boards, state governments, central/state power utilities, independent power producers, rural electric cooperatives and private sector utilities through its network of approximately 22 offices. The Company also acts as the nodal agency or project implementing agency for various schemes and programs of the Ministry of Power, Government of India.

COMPANY PROFILE
REC Limited

Native name आर ई सी लिमिटेड
Formerly Rural Electrification Corporation Limited
Type Subsidiary of Power Finance Corporation Limited
Traded as
• BSE: 532955
• NSE: RECLTD
Industry Infrastructure finance
Founded 25 July 1969; 53 years ago
New Delhi, Delhi, India
Headquarters Core-4, SCOPE Complex, 7, Lodhi Road,
New Delhi, Delhi,
India
Area served India
Key people Vivek Kumar Dewangan (CMD)
Revenue ₹35,575 crore (US$4.5 billion) (2021)
Operating income
₹10,781 crore (US$1.4 billion) (2021)
Net income
₹8,380 crore (US$1.0 billion) (2021)
Total assets
₹400,866 crore (US$50 billion) (2021)
Total equity
₹43,205 crore (US$5.4 billion) (2021)
Owner Power Finance Corporation Limited, Ministry of Power, Government of India
Number of employees 487 (March 2019)
Subsidiaries
• REC Transmission Projects Company Limited (RECTPCL)
• REC Power Distribution Company Limited (RECPDCL)
Website www.recindia.nic.in

 

 FUNDAMENTALS

 SHAREHOLDING

FINANCIALS

 REVENUE

 

 NET PROFIT

 

 EPS

 

 BVPS

 

 ROE

 DEBT TO EQUITY

TECHNICAL ANALYSIS

BUY REC LIMITED AT 116 TARGET 134,150 STOP LOSS 99 (1-3 MONTHS)

RATIO ANALYSIS

Disclaimer: This research report is prepared by Shyam Advisory Limited, while making this report we have taken data from available sources and there may be errors in the data shown. We do not guarantee the accuracy of data and recommendation given in this report. Recommendation is for information purpose only.