Rec Limited

BSE: 532955 NSE: RECLTD
Rec Limited - financial services in New Delhi, Delhi, India. FY 2026 financials & compliance.
CIN L40101DL1969GOI005095 Incorporated 25 July 1969 ROC Delhi HQ New Delhi, Delhi, India
Active Listed - NSE: RECLTD · BSE: 532955 Public Limited Union Government Company financial services Nifty 500
Data last updated
Market Cap
₹77,878 Cr
RECLTD · NSE
Share Price
₹296.65
+0.30% today
Revenue
₹59,586 Cr
FY 2025-26 · +5.7% YoY
EBITDA
₹56,989 Cr
Margin 95.6%
Net Profit
₹16,331 Cr
FY 2025-26 · +2.8% YoY
P/E (TTM)
5.0x
P/B 0.8x
ROE
20.1%
ROCE 9.7%
Debt / Equity
6.19
Interest cover 63.6x

About Rec Limited

Data last updated:

Rec Limited is a public limited union government company based in New Delhi, Delhi, India, a subsidiary of Power Finance Corporation Limited. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 25 July 1969 and has been in existence for over 57 years.

Rec is part of the Nifty 500 and BSE 500 indices.

The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L40101DL1969GOI005095. Its GSTIN is 07AAACR4512R1Z3 (Delhi). The company holds 40 GST registrations, of which 36 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 532955 and NSE: RECLTD.

The company has an authorised share capital of ₹5,000 Cr and a paid-up capital of ₹2,633.22 Cr. It was formerly known as Rural Electrification Corporation Limited and Rural Electrification Corporation Private Limited. It is led by directors including Jitendra Srivastava (Managing Director) and Thangarajan Subash Chandira Bosh (Whole-Time Director).

Its last annual general meeting (AGM) was held on 25 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Core 4 Scope Complex 7 Lodi Road, New Delhi, Delhi, India – 110003.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹59,586 Cr, a growth of 5.7% compared to the previous year. For the same year it recorded a net profit of ₹16,331 Cr (net margin 27.4%) and EBITDA of ₹56,989 Cr (EBITDA margin 95.6%). The net worth stands at ₹85,054 Cr (up 8.5% YoY). Total assets are valued at ₹5,99,780 Cr (up 4.4% YoY).

Its group structure includes 24 subsidiaries.

The company is associated with 2 brands: Recipmt and REC. As per MCA filings, the company has open charges of ₹81,762 Cr and satisfied charges of ₹1,39,771 Cr on record. Court records list 403 cases involving the company, including 66 filed by the company and 338 filed against it; 90 cases are pending. The company has 29 deals on record (24 market trades, 3 debt financings, 1 acquisition), with disclosed funding of ₹7,148.5 Cr; the latest was in September 2025.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website recindia.nic.in.

Company details

CIN L40101DL1969GOI005095
Registration Number 005095
Incorporation Date 25 July 1969
ROC Delhi
Listing Status Listed - Listed on NSE (RECLTD); Listed on BSE (532955)
Company Status Active
Date of Last AGM 25 August 2026
Date of Balance Sheet 31 March 2026
Parent Company Power Finance Corporation Limited
Compliance Status Active Compliant

Name history

Rec has undergone 2 name changes throughout its history. The company was previously known as Rural Electrification Corporation Limited, and Rural Electrification Corporation Private Limited. The current legal name is Rec Limited.

Company NameStatus
Rec LimitedCurrent
Rural Electrification Corporation LimitedPrevious
Rural Electrification Corporation Private LimitedPrevious

CIN history

Rec has one previous CIN (Corporate Identification Number): U40101DL1969GOI005095. The current CIN is L40101DL1969GOI005095, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L40101DL1969GOI005095Current
U40101DL1969GOI005095Previous
Key People
Jitendra Srivastava Managing Director Thangarajan Subash Chandira Bosh Whole-Time Director Rajesh Kumar Whole-Time Director

Recognitions & Rankings of Rec

Stock market indices
Nifty 500 BSE 500

Contact details

Rec Limited's registered office is in New Delhi, Delhi. Its website is recindia.nic.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    recindia.nic.in
  • Social Media
  • Registered Address
    Core 4 Scope Complex 7 Lodi Road, New Delhi, Delhi, India – 110003
  • Industry
    Financial Services, NBFC, Infra Finance Institutions

To see the full contact details of Rec Limited, buy the company report.

Comprehensive company report
Rec Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Rec operates two associated brands: RECIPMT and REC. Each brand links to its own profile.

BrandDescriptionWebsite
REC
Infrastructural financing is provided for development projects in India.recindia.nic.in
RECIPMT
Training institute focused on power and energy sectors in India.recipmt.com

Business activity

The main business activity of Rec is financial and insurance activities. In detail, this covers financial service activities, except insurance and pension funding.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
KFinancial and insurance activities64Financial service activities, except insurance and pension funding

To see the full business activity and turnover split of Rec Limited, buy the company report.

Financials of Rec Limited

FY 2025-26 filings available

Rec Limited reported revenue of ₹59,586 Cr (up 5.7% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹59,586 Cr
+5.7% YoY
EBITDA
₹56,989 Cr
+5.1% YoY
Profit After Tax
₹16,331 Cr
+2.8% YoY
Net Worth
₹85,054 Cr
+8.5% YoY
Total Assets
₹5,99,780 Cr
+4.4% YoY
Total Debt
₹5,14,725 Cr
+3.7% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue59,58656,36947,51739,48639,27635,55729,942
Revenue growth+5.7%+18.6%+20.3%+0.5%+10.5%+18.8%-
EBITDA56,98954,20847,87837,62134,43732,26125,959
EBITDA margin+95.6%+96.2%+100.8%+95.3%+87.7%+90.7%+86.7%
Profit before tax20,76620,11717,96013,89812,43110,7807,030
Net profit16,33115,89014,14911,16910,0148,3814,973
Net profit margin+27.4%+28.2%+29.8%+28.3%+25.5%+23.6%+16.6%
EPS (₹)61.9360.3253.7242.4150.8242.4225.18
Balance sheet
Total assets5,99,7805,74,6195,14,9184,38,9103,84,3573,73,4873,21,685
Net worth85,05478,37669,35058,12151,31443,76435,396
Total debt5,14,7254,96,2434,45,5683,80,7903,33,0433,29,7232,86,289
Cash & bank1,6112,3432,9622,3962,6603,4033,975
Net working capital6,4225,2837,2179,7056,4413,1804,711
Cash flow
Cash from operations5,972(39,064)(57,723)(37,360)(3,910)(43,512)(32,712)
Cash from investing(3,308)(1,302)(1,831)(943)(287)861121
Cash from financing(2,375)40,03459,58838,1233,15942,11333,926
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue15,00014,43514,56415,05115,15314,73715,33414,272
Revenue growth (YoY)-1.0%-2.1%-5.0%+5.5%+10.8%+12.7%--
Other income10.0334.5719.577.529.7186.5314.8314.99
EBITDA13,91013,98813,33314,37814,67714,52114,25014,009
EBITDA margin+92.7%+96.9%+91.5%+95.5%+96.9%+98.5%+92.9%+98.2%
Depreciation6.746.796.896.806.666.706.496.31
Interest9,5228,7488,9319,2439,1318,9348,7688,837
Profit before tax4,3915,2684,4155,1365,5495,6665,4905,181
Tax9131,0761,0391,0841,1341,2011,1801,105
Net profit3,4784,1933,3754,0524,4154,4664,3104,076
EPS (₹)13.2115.9212.6915.3916.7716.9616.2415.48
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue59,14255,91247,15939,21639,16935,39229,773
Revenue growth+5.8%+18.6%+20.3%+0.1%+10.7%+18.9%-
EBITDA56,93653,95247,69837,46434,43432,23625,934
EBITDA margin+96.3%+96.5%+101.1%+95.5%+87.9%+91.1%+87.1%
Profit before tax20,71319,86017,78113,73912,42510,7566,983
Net profit16,29115,71914,02311,05710,0248,3654,887
Net profit margin+27.5%+28.1%+29.7%+28.2%+25.6%+23.6%+16.4%
EPS (₹)61.8359.6753.2441.9850.8742.3424.74
Balance sheet
Total assets5,99,0625,73,9275,14,3974,38,5163,84,0873,73,2093,21,417
Net worth84,29077,63868,78357,68050,98643,42635,077
Total debt5,14,7724,96,2894,45,6143,80,8363,33,1023,29,7822,86,340
Cash & bank9271,7502,4991,9872,4223,0703,700
Net working capital5,7624,6416,7459,3746,2302,9974,536
Cash flow
Cash from operations5,914(39,182)(57,885)(37,482)(872)(43,520)(32,448)
Cash from investing(3,319)(1,146)(1,875)(804)(210)864(136)
Cash from financing(2,375)40,03459,58838,11167.7342,11933,919
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue14,72814,29614,38614,94415,08414,64615,15914,157
Revenue growth (YoY)-2.4%-2.4%-5.1%+5.6%+11.2%+12.5%--
Other income9.0835.3020.298.2410.4887.3914.7115.52
Total expenses9333671,0715864041451,013219
EBITDA13,79413,92913,31514,35814,68114,50114,14613,938
EBITDA margin+93.7%+97.4%+92.6%+96.1%+97.3%+99.0%+93.3%+98.4%
Depreciation6.626.656.756.676.586.626.416.23
Interest9,5238,7488,9329,2439,1328,9358,7708,837
Profit before tax4,2745,2094,3975,1165,5535,6475,3855,110
Tax8831,0601,0351,0731,1271,1961,1481,081

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 08 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue15,00014,43514,56415,05115,15314,73715,33414,272
Revenue growth (YoY)-1.0%-2.1%-5.0%+5.5%+10.8%+12.7%--
Other income10.0334.5719.577.529.7186.5314.8314.99
EBITDA13,91013,98813,33314,37814,67714,52114,25014,009
EBITDA margin+92.7%+96.9%+91.5%+95.5%+96.9%+98.5%+92.9%+98.2%
Depreciation6.746.796.896.806.666.706.496.31
Interest9,5228,7488,9319,2439,1318,9348,7688,837
Profit before tax4,3915,2684,4155,1365,5495,6665,4905,181
Tax9131,0761,0391,0841,1341,2011,1801,105
Net profit3,4784,1933,3754,0524,4154,4664,3104,076
EPS (₹)13.2115.9212.6915.3916.7716.9616.2415.48
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue59,58656,36947,51739,48639,27635,55729,942
Revenue growth+5.7%+18.6%+20.3%+0.5%+10.5%+18.8%-
Other income42.3365.5053.8734.1762.7418.9574.02
Total expenses2,5972,161(360)1,8654,8393,2963,983
Employee cost272268238204180164193
EBITDA56,98954,20847,87837,62134,43732,26125,959
EBITDA margin+95.6%+96.2%+100.8%+95.3%+87.7%+90.7%+86.7%
Depreciation27.0524.7023.9924.2618.2410.8611.77
Interest36,23834,13129,94823,73322,05121,48918,991
Profit before tax20,76620,11717,96013,89812,43110,7807,030
Tax4,4584,2333,8142,7312,3952,4012,058
Net profit16,33115,89014,14911,16910,0148,3814,973
Net profit margin+27.4%+28.2%+29.8%+28.3%+25.5%+23.6%+16.6%
EPS (₹)61.9360.3253.7242.4150.8242.4225.18
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital3,1923,1922,6332,6331,9751,9751,975
Reserves & surplus81,86375,18466,15954,92948,78141,23133,422
Shareholders' funds (net worth)85,05478,37669,35058,12151,31443,76435,396
Minority interest0.000.000.000.000.000.000.00
Secured loans54,09754,64555,11351,49840,54135,48039,902
Unsecured loans4,60,6284,41,5973,90,4553,29,2922,92,5022,94,2432,46,387
Total debt5,14,7254,96,2434,45,5683,80,7903,33,0433,29,7232,86,289
Total liabilities5,99,7805,74,6195,14,9184,38,9103,84,3573,73,4873,21,685
Assets
Gross block743739731724697320219
Net block616629632641628267166
Capital work in progress12876.0123.592.726.07336288
Investments9,8316,6745,3523,1702,1901,9812,386
Inventories0.000.000.000.000.000.000.00
Sundry debtors29323515411394.55140111
Cash & bank balances1,6112,3432,9622,3962,6603,4033,975
Loans & advances44,89642,58837,37433,78930,19027,01725,970
Total current assets46,80145,16740,49136,29832,94530,56030,056
Total current liabilities40,37839,88333,27326,59226,50327,38025,345
Net working capital6,4225,2837,2179,7056,4413,1804,711
Total assets5,99,7805,74,6195,14,9184,38,9103,84,3573,73,4873,21,685
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash(337)(4.69)(38.89)1411,1791,718382
Net cash from operating activities5,972(39,064)(57,723)(37,360)(3,910)(43,512)(32,712)
Net cash from investing activities(3,308)(1,302)(1,831)(943)(287)861121
Net cash from financing activities(2,375)40,03459,58838,1233,15942,11333,926
Net change in cash289(333)34.21(180)(1,038)(538)1,336
Closing cash1,6112,3432,9622,3962,6603,4033,975
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+5.7%+18.6%+20.3%+0.5%+10.5%+18.8%-
EBITDA growth+5.1%+13.2%+27.3%+9.3%+6.8%+24.3%-
PBT growth+3.2%+12.0%+29.2%+11.8%+15.3%+53.3%-13.1%
Net income growth+2.8%+12.3%+26.7%+11.5%+19.5%+68.5%-
Revenue CAGR (3Y)+14.7%+12.8%+10.2%+9.7%+15.6%+16.2%+7.2%
EBITDA CAGR (3Y)+14.9%+16.3%+14.1%+13.2%+13.3%+18.7%+5.0%
Profitability & leverage
Net income margin+27.4%+28.2%+29.8%+28.3%+25.6%+23.6%+16.6%
Return on capital employed+9.7%+10.0%+10.1%+9.1%+9.1%+9.3%+8.7%
Return on net worth+20.1%+21.6%+22.2%+20.4%+21.1%+21.2%+14.2%
Debt / equity6.196.386.486.526.977.787.59
Long-term debt / equity6.126.296.376.486.827.547.39
Interest cover63.6262.9962.5863.1364.0766.6373.19
Efficiency & per share
Fixed asset turnover0.000.000.000.000.000.000.00
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover0.000.000.000.000.000.000.00
EPS (₹)61.9360.3253.7242.4150.8242.4225.18
Dividend per share (₹)18.5518.0016.0012.6015.3012.7111.00
Book value per share (₹)320.88295.52261.25218.60257.00218.77179.23
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue14,72814,29614,38614,94415,08414,64615,15914,157
Revenue growth (YoY)-2.4%-2.4%-5.1%+5.6%+11.2%+12.5%--
Other income9.0835.3020.298.2410.4887.3914.7115.52
Total expenses9333671,0715864041451,013219
EBITDA13,79413,92913,31514,35814,68114,50114,14613,938
EBITDA margin+93.7%+97.4%+92.6%+96.1%+97.3%+99.0%+93.3%+98.4%
Depreciation6.626.656.756.676.586.626.416.23
Interest9,5238,7488,9329,2439,1328,9358,7708,837
Profit before tax4,2745,2094,3975,1165,5535,6475,3855,110
Tax8831,0601,0351,0731,1271,1961,1481,081
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue59,14255,91247,15939,21639,16935,39229,773
Revenue growth+5.8%+18.6%+20.3%+0.1%+10.7%+18.9%-
Other income45.3767.1655.5236.9461.5518.8455.86
Total expenses2,2061,960(539)1,7524,7353,1563,839
Employee cost243245214182160145176
EBITDA56,93653,95247,69837,46434,43432,23625,934
EBITDA margin+96.3%+96.5%+101.1%+95.5%+87.9%+91.1%+87.1%
Depreciation26.6224.3923.7224.0917.969.5310.00
Interest36,24134,13529,94923,73822,05321,48918,997
Profit before tax20,71319,86017,78113,73912,42510,7566,983
Tax4,4314,1473,7612,6842,3792,3942,097
Net profit16,29115,71914,02311,05710,0248,3654,887
Net profit margin+27.5%+28.1%+29.7%+28.2%+25.6%+23.6%+16.4%
EPS (₹)61.8359.6753.2441.9850.8742.3424.74
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital3,1923,1922,6332,6331,9751,9751,975
Reserves & surplus81,09974,44665,59254,48848,45240,89333,102
Shareholders' funds (net worth)84,29077,63868,78357,68050,98643,42635,077
Secured loans54,14454,69255,15951,54540,58735,52739,949
Unsecured loans4,60,6284,41,5973,90,4553,29,2922,92,5142,94,2562,46,392
Total debt5,14,7724,96,2894,45,6143,80,8363,33,1023,29,7822,86,340
Total liabilities5,99,0625,73,9275,14,3974,38,5163,84,0873,73,2093,21,417
Assets
Gross block739735727720693316210
Net block614628631641628266162
Capital work in progress12876.0123.592.726.07336288
Investments9,7996,6425,3203,1382,1581,9102,313
Inventories0.000.000.000.000.000.000.00
Sundry debtors0.000.000.000.000.000.000.00
Cash & bank balances9271,7502,4991,9872,4223,0703,700
Loans & advances44,84942,51937,29033,74830,13426,95225,906
Total current assets45,77644,26939,78835,73532,55530,02229,606
Total current liabilities40,01439,62833,04326,36126,32527,02525,071
Net working capital5,7624,6416,7459,3746,2302,9974,536
Total assets5,99,0625,73,9275,14,3974,38,5163,84,0873,73,2093,21,417
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash(516)(221)(48.59)1261,1401,678343
Net cash from operating activities5,914(39,182)(57,885)(37,482)(872)(43,520)(32,448)
Net cash from investing activities(3,319)(1,146)(1,875)(804)(210)864(136)
Net cash from financing activities(2,375)40,03459,58838,11167.7342,11933,919
Net change in cash220(295)(173)(175)(1,014)(538)1,335
Closing cash9271,7502,4991,9872,4223,0703,700
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+5.8%+18.6%+20.3%+0.1%+10.7%+18.9%-
EBITDA growth+5.5%+13.1%+27.3%+8.8%+6.8%+24.3%-
PBT growth+4.3%+11.7%+29.4%+10.6%+15.5%+54.0%-13.8%
Net income growth+3.6%+12.1%+26.8%+10.3%+19.8%+71.2%-
Revenue CAGR (3Y)+14.7%+12.6%+10.0%+9.6%+15.7%+16.4%+7.8%
EBITDA CAGR (3Y)+15.0%+16.2%+14.0%+13.0%+13.2%+18.8%+5.2%
Profitability & leverage
Net income margin+27.5%+28.1%+29.7%+28.2%+25.7%+23.6%+16.4%
Return on capital employed+9.7%+9.9%+10.0%+9.1%+9.1%+9.3%+8.7%
Return on net worth+20.3%+21.6%+22.2%+20.4%+21.3%+21.3%+14.1%
Debt / equity6.246.436.546.577.027.857.65
Long-term debt / equity6.186.346.426.526.877.617.46
Interest cover63.6863.3062.8263.4064.0866.6873.28
Efficiency & per share
Fixed asset turnover0.000.000.000.000.000.000.00
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover0.000.000.000.000.000.000.00
EPS (₹)61.8359.6753.2441.9850.8742.3424.74
Dividend per share (₹)18.5518.0016.0012.6015.3012.7111.00
Book value per share (₹)317.98292.72259.09216.93255.34217.06177.61

To see the full year-wise statements and ratios of Rec Limited, buy the company report.

Board of directors of Rec Limited

Rec has 6 current directors and 53 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Thangarajan Subash Chandira Bosh
Also directs: Bihar Grid Company Limited, Rec Power Development and Consultancy Limited, U.P. Power Transmission Corporation Limited and 5 more
Whole-Time Director03 Oct 20251 Years 1 MonthsCurrent
Rajesh Kumar
Also directs: Rec Power Development and Consultancy Limited, Kallam Transco Limited, Powergrid Siwani Transmission Limited and 5 more
Whole-Time Director02 Apr 20260 Years 7 MonthsCurrent
Jitendra Srivastava
Also directs: Rec Power Development and Consultancy Limited
Managing Director22 Apr 20251 Years 6 MonthsCurrent
Shashank Misra
Also directs: Power Finance Corporation Limited
Nominee Director21 Aug 20233 Years 2 MonthsCurrent
Poonam ChauhanDirector21 Jul 20260 Years 3 MonthsCurrent
Rajesh Kumar Agarwal
Also directs: Power Finance Corporation Limited, Deoghar Mega Power Limited, Deoghar Infra Limited
Nominee Director01 May 20260 Years 6 MonthsCurrent
View all directors

Auditor

Rec Limited is audited by SCV & Co. LLP for the financial year 2025.

Auditor firmFinancial yearFirm registration number
SCV & Co. LLPFY 2025000235N

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 52.60%, foreign institutional investors hold 15.80%, domestic institutional investors hold 17.00% and retail and other public shareholders hold 14.60%.

Promoters: 52.60%DII (Domestic Institutional): 17.00%FII (Foreign Institutional): 15.80%Retail & Others: 14.60%
Sep 2026
QUARTER
52.60% Promoters
17.00% DII (Domestic Institutional)
15.80% FII (Foreign Institutional)
14.60% Retail & Others
Promoter holding - history
Now 52.60% · Sep 2026High 52.60% · Dec 2025Low 52.60% · Dec 2025
51%51.8%52.5%53.3%54%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 52.60%Mar 2026: 52.60%Jun 2026: 52.60%Sep 2026: 52.60%52.60%52.60%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters52.60%52.60%52.60%52.60%
Public47.40%47.40%47.40%47.40%

Charges & borrowings

Open charges
₹81,762 Cr
Satisfied charges
₹1,39,771 Cr
Breakdown by lending institutions
Sbicap Trustee Company Limited₹79,424.98 Cr
Others₹2,337.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
12 May 2026101301657Sbicap Trustee Company Limited₹8,000 CrOpen
06 May 2025101106426Sbicap Trustee Company Limited₹10,000 CrOpen
06 May 2024100943683Sbicap Trustee Company Limited₹15,000 CrOpen
01 May 2023100720711Sbicap Trustee Company Limited₹13,000 CrOpen
27 Apr 2022100588217Sbicap Trustee Company Limited₹14,000 CrOpen

To see the full charge records of Rec Limited, buy the company report.

Total charge records: 105 View all charges

Deals & funding

Rec Limited has 29 deals on record (24 market trades, 3 debt financings, 1 acquisition), with disclosed funding of ₹7,148.5 Cr; the latest was in September 2025.

Total deals
29
Market trades
24
Debt financings
3
Acquisition
1
IPO
1
Disclosed funding
₹7,148.5 Cr

Deals on record (5 of 29)

WhenDealAmountParties
Sep 2025Market trade₹37.31 CrBuyer: Goldman Sachs Bank Europe Se - Odi
Seller: Goldman Sachs (Singapore) Pte - Odi
Sep 2025Market trade₹45.19 CrBuyer: Goldman Sachs Bank Europe Se - Odi
Seller: Goldman Sachs (Singapore) Pte - Odi
Sep 2025Market trade₹69.78 CrBuyer: Goldman Sachs Bank Europe Se - Odi
Seller: Goldman Sachs (Singapore) Pte - Odi
Jun 2024Market trade₹676.22 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP
Mar 2019Acquisition₹14,291 CrBuyer: Power Finance Corporation Limited
Seller: Central Government

To see the full deal history of Rec Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Rec Limited was last rated by Icra on 31 Mar 2022.

Rating agencyRated onRating
Icra31 Mar 2022

To see the full credit ratings and regulatory alerts of Rec Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Rec Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Group structure & subsidiaries

Rec has 24 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.

24
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Rec Power Development and Consultancy LimitedU40101DL2007GOI165779
Mandar Transmission LimitedU40101DL2018GOI331526
Meerut Shamli Power Transmission LimitedU40101DL2022GOI408362
Neres Xvi Power Transmission LimitedU40106DL2023PLC409758
Chandil Transmission LimitedU40108DL2018GOI330905
Luhri Power Transmission LimitedU40109DL2022GOI406286

To see the full group structure of Rec Limited, buy the company report.

GST

Rec has 40 GST registrations: 36 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
40
Active
36
Cancelled / inactive
4
GSTINStateStatusRegistered on
07AAACR4512R1Z3DelhiActive01 Jul 2017
07AAACR4512R1DCDelhiActive08 Oct 2018
07AAACR4512R2DBDelhiActive19 Oct 2018
06AAACR4512R2Z4HaryanaActive01 Jul 2017

To see the full GST registrations and return filing status of Rec Limited, buy the company report.

Recent activity

Rec Limited has 104 board changes on record since 2004: 58 appointments and 46 cessations. The latest: Poonam Chauhan was appointed as Director on 21 Jul 2026.

AGM
Rec Limited last Annual general meeting of members was held on 25 Aug 2026 as per latest MCA records.
Appointed
Poonam Chauhan was appointed as Director.
Charges
A charge registered on 26 May 2020 via Charge ID 100365828 with Sbicap Trustee Company Limited was fully satisfied on 14 May 2026.
Charges
A charge with Sbicap Trustee Company Limited amounted to Rs. 8,000.00 Cr with Charge ID 101301657 was registered on 12 May 2026.
Appointed
Rajesh Kumar Agarwal was appointed as Nominee Director.
Appointed
Rajesh Kumar was appointed as Whole-Time Director.
Filing
Rec Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Delhi I.
Appointed
Dinesh Garg was appointed as Company Secretary.
Appointed
Thangarajan Subash Chandira Bosh was appointed as Whole-Time Director.
Ceased
Vijay Kumar Singh ceased to be Whole-Time Director.
Charges
A charge registered on 25 Apr 2019 via Charge ID 100266021 with Sbicap Trustee Company Limited was fully satisfied on 20 May 2025.
Charges
A charge with Sbicap Trustee Company Limited amounted to Rs. 10,000.00 Cr with Charge ID 101106426 was registered on 06 May 2025.

334 earlier events are in the company report.

News

REC: Company Lowers FY 27 Loan Book Growth Forecast To 10-11% From 12-13% After Concall
29 Oct 2026 · Exchange Update
REC: Prepayments Decreased To ₹19,000 Crore In H1 FY27 Compared To ₹1,00,000 Crore In FY26
29 Oct 2026 · Exchange Update
RECLTD: Q2 REVENUE 147.3B RUPEES VS 151B (YOY)
26 Oct 2026 · Exchange Update
RECLTD: Q2 SL NET PROFIT 33.9B RUPEES VS 44.3B (YOY); EST 35.1B
26 Oct 2026 · Exchange Update
RECLTD: Rs. 31.11 Crores NSE Block Trade; for ~ 1,016,217 Shares, at Rs. 306.10
14 Oct 2026 · Exchange Update
Rec: Company Transfers Balsane Power Transmission To Resonia Limited For ₹5.59 Crore
28 Sep 2026 · Exchange Update

Frequently asked questions

Rec is an active public limited union government company based in New Delhi, Delhi, India. The company works in nbfc, within the financial services industry. It was incorporated on 25 July 1969 (57+ years old) and is registered under CIN L40101DL1969GOI005095. Listed on BSE: 532955 and NSE: RECLTD.

Rec reported revenue of ₹59,586 Cr for FY 2025-26 (up 5.7% YoY) based on consolidated financials.

Rec has 6 current directors:

The latest financial statements of Rec on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 August 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of Rec is 07AAACR4512R1Z3, registered in Delhi. The company has 40 GST registrations in all, of which 36 are active and 4 are cancelled or inactive. Other active GSTINs include 07AAACR4512R1DC (Delhi), 07AAACR4512R2DB (Delhi), 06AAACR4512R2Z4 (Haryana).

The CIN (Corporate Identification Number) of Rec is L40101DL1969GOI005095. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Rec is a listed company as per MCA records. Its shares are listed on both BSE (code: 532955) and NSE (symbol: RECLTD).

Rec has 403 court cases on record: 66 filed by the company and 338 filed against it. 90 are pending. Most are in the high courts.

Rec was incorporated on 25 July 1969, making it 57+ years old. It is registered with the Registrar of Companies, Delhi.

Rec has 29 deals on record (24 market trades, 3 debt financings, 1 acquisition), with disclosed funding of ₹7,148.5 Cr; the latest was in September 2025.