Rec Limited
REC is a Central Public Sector Undertaking under the Ministry of Power involved in financing projects in the complete power sector value chain from generation to distribution
Key Metrics
EPS
53.72
Current ratio
0.91
Debt/Equity
6.90
Debt/EBITDA
26.63
Interest coverage ratio
-
Operating Cashflow to total debt
-0.12
Financials
Pros & Cons
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Here's what we like about this company and potential risks we have identified.
Pros
Strategic importance to and strong support from GoI
Significant market player in the power financing sector with diversification initiated
Diversified resource base
Improving profitability metrics
Comfortable capital position
Improving asset quality metrics
Liquidity: Adequate
Cons
Sectoral concentration of operations, although diversification initiated, and borrower-wise concentration remains high.
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About Rec Limited bond.
This comprehensive profile covers key factual information about Rec Limited. REC is a Central Public Sector Undertaking under the Ministry of Power involved in financing projects in the complete power sector value chain from generation to distribution EPS in Mar-2024 was 53.72. Current ratio in Mar-2024 was 0.91. Debt/Equity in Mar-2024 was 6.90. Debt/EBITDA in Mar-2024 was 26.63. Interest coverage ratio in Mar-2024 was . Operating Cashflow to total debt in Mar-2024 was -0.12. Total revenue for Mar-2025 (E) was ₹50124.12. Net income for Mar-2025 (E) stood at ₹16081.57. Total assets as of Mar-2024 were ₹548191.09. Operating cash flow for Mar-2024 was ₹-57,722.65. The company’s borrowing relationships include AfrAsia Bank Limited (₹N/A Cr), Aozora Asia Pacific Finance Limited (₹N/A Cr), Axis Bank Limited (₹N/A Cr), Axis Bank, GIFT City (₹N/A Cr), Bank of America (₹N/A Cr), Bank of Baroda (₹N/A Cr), Bank of Baroda, GIFT City (₹N/A Cr), Bank of China Limited (₹N/A Cr), Bank of India (₹N/A Cr), Bank of India, GIFT City (₹N/A Cr), Bank of India, London Branch (₹N/A Cr), Bank of Kaohsiung (₹N/A Cr), Bank of Taiwan (₹N/A Cr), Canara Bank (₹N/A Cr), Central Bank of India (₹N/A Cr), Chang Hwa Commercial Bank Limited (₹N/A Cr), Citi Bank (₹N/A Cr), Credit Agricole Corporate and Investment Bank (Hon (₹N/A Cr), CTBC Bank Co. Limited (₹N/A Cr), DBS Bank Limited (₹N/A Cr), DBS Bank Limited (Singapore) (₹N/A Cr), Deutsche Bank (₹N/A Cr), Export Import Bank of India (₹N/A Cr), First Commercial Bank, Offshore Banking Branch (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), HSBC Limited (₹N/A Cr), HSBC, Gift City (₹N/A Cr), Hua Nan Commercial Bank Limited (₹N/A Cr), ICICI Bank Limited (₹N/A Cr), IDBI Bank Limited (₹N/A Cr), IDFC First Bank Limited (₹N/A Cr), India Infrastructure Finance Company (UK) Limited (₹N/A Cr), India Infrastructure Finance Company Limited (₹N/A Cr), Indian Bank (₹N/A Cr), Indian Overseas Bank (₹N/A Cr), Induslnd Bank Limited (₹N/A Cr), Instrument (₹N/A Cr), Jammu and Kashmir Bank Limited (₹N/A Cr), Karnataka Bank Limited (₹N/A Cr), Karur Vysya Bank Limited (₹N/A Cr), Kfw Development Bank (₹N/A Cr), KFW IPEX Bank (₹N/A Cr), Korean Development Bank (₹N/A Cr), Kotak Mahindra Bank Limited (₹N/A Cr), Mega International Commercial Bank Co. Limited (₹N/A Cr), Mizuho Bank Limited (₹N/A Cr), MUFG Bank Limited (GIFT Branch) (₹N/A Cr), MUFG Bank Limited (₹N/A Cr), National Bank for Financing Infrastructure and Dev (₹N/A Cr), National Small Saving Fund (NSSF) (₹N/A Cr), New Development Bank (₹N/A Cr), Proposed (₹N/A Cr), Punjab & Sind Bank (₹N/A Cr), Punjab National Bank (₹N/A Cr), RBL Bank Limited (₹N/A Cr), SBI Mauritius Limited (₹N/A Cr), Shanghai Commercial & Savings Bank Limited (₹N/A Cr), Shinsei Bank Limited (₹N/A Cr), SMBC (₹N/A Cr), South Indian Bank Limited (₹N/A Cr), Standard Chartered Bank (₹N/A Cr), State Bank of India (₹N/A Cr), State Bank of India (London) (₹N/A Cr), Sumitomo Mitsui Trust Bank Limited - Singapore Bra (₹N/A Cr), Sunny Bank Limited (₹N/A Cr), Taipei Fubon Commercial Bank Co (₹N/A Cr), Taiwan Business Bank (₹N/A Cr), Taiwan Co-op Bank (₹N/A Cr), The Bank of New York Mellon (₹N/A Cr), The Bank of Yokohama (₹N/A Cr), The Gunma Bank Limited (₹N/A Cr), The Hokkoku Bank Limited (₹N/A Cr), The Hyakugo Bank Limited (₹N/A Cr), The Nanto Bank Limited (₹N/A Cr), The Nishi-Nippon City Bank Limited (₹N/A Cr), The Shiga Bank Limited (₹N/A Cr), The Shikoku Bank Limited (₹N/A Cr), The Tokyo Star Bank Limited (₹N/A Cr), UCO Bank (₹N/A Cr), Union Bank of India (₹N/A Cr), Woori Bank (₹N/A Cr), Yes Bank Limited (₹N/A Cr), Proposed (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), KEB Hana Bank (₹N/A Cr), Proposed (₹N/A Cr). Peers and comparison entities consist of REC Limited, Indian Railway Finance Corp Limited, Power Finance Corporation Limited, Rail Vikas Nigam Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Strategic importance to and strong support from GoI; Significant market player in the power financing sector with diversification initiated; Diversified resource base; Improving profitability metrics; Comfortable capital position; Improving asset quality metrics; Liquidity: Adequate. Key risks include: Sectoral concentration of operations, although diversification initiated, and borrower-wise concentration remains high.. Leadership team details include Durgesh Nandini (Independent Director), Gambheer Singh (Independent Director), Harsh Baweja (Director - Finance & CFO), J S Amitabh (Executive Director & Company Secretary), Manoj Manohar Pande (Independent Director), Manoj Sharma (Nominee Director), Narayanan Thirupathy (Independent Director), Shashank Misra (Government Nominee Director), V K Singh (Director - Projects), Virender Kumar Adhana (Chief Vigilance Officer), Vivek Kumar Dewangan (Chairman & Managing Director). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.