STRONG 79/100

financial_services · RECLTD

REC Limited

REC Limited: PE below historical average. NARROW LEADERSHIP regime.

Price

₹364.75

Price 2026-07-06

5 day

-1.45%

Short-term move

1 month

+6.06%

Medium-term

Regime

NARROW LEADERSHIP

62% confidence

Market cap

₹93.8k Cr

neutral sector flow

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Price chart

370

-3.55% over period

2025-06-02297 – ₹4122026-07-02

About REC Limited

Nifty Next 50financial_services

REC Limited, together with its subsidiaries, engages in the provision of financing services for power generation, transmission, and distribution projects in India. The company primarily offers long, medium, and short-terms loans; debt refinancing, equity financing, financing of equipment manufacturing for power sector and coal mines; policy for funding against regulatory assets, and revolving bill payment facility services; and provides letter of undertaking in lieu of bank guarantee, etc. It also acts as a nodal agency for the implementation of Pradhan Mantri Sahaj Bijli Har Ghar Yojana, Pradhan Mantri Surya Ghar Muft Bujli Yojana, Deen Dayal Upadhyaya Gram Jyoti Yojana, and National Electricity Fund. In addition, the company acts as the bid process coordinator for selection of transmission service provider through tariff based competitive bidding process for independent inter-state and intra-state transmission projects; provides project implementation and consultancy services in power sector; and operates National Feeder Monitoring System, a cloud-based IT and analytical platform, designed to monitor the reliability and quality of power. It serves central/state government powe...

Credit ServicesGurugram, IndiaWebsite →

At a Glance

ValuationPE 5.8 (29%ile of 7 quarterly points (limited history), range 6-8). Trading below historical range.
Sector Positionfinancial_services sector. Flow: neutral. is not among current leaders. Regime: NARROW LEADERSHIP (62%).
Fundamental Score79/100 (STRONG). 1 positive flags, 3 concerns.
Historical ContextRSI oversold bounces for this stock succeeded only 0% of the time (avg -10.1% over 14 days) — not a reliable pattern.
Revenue TrendRevenue declining at -1440.0% YoY. Revenue declining — -1440.0% YoY
Bank HealthROA 2.53% · PB 1.1 · Asset growth 4.2%.

RSI pattern warning

RSI oversold bounces for this stock succeeded only 0% of the time (avg -10.1% over 14 days) — not a reliable pattern.

52-week position

Trading at 89.3% of 52-week high

52W low ₹304.0552W high ₹408.25

Technicals

RSI 14

59.3

Trend

uptrend

50 DMA

Above

200 DMA

Above

Key metrics

P/E ratio

5.8

29th pct · 7 quarterly points (limited history)

P/B

1.1

ROE

20.0%

Moderate profitability — 20.0% ROE

Market cap

₹93.8k Cr

Revenue growth

-1440.0% YoY

Promoter

52.6%

52-week range

₹304.05 – ₹408.25

89.3% of high

RSI (14)

59.3

uptrend

vs 50 DMA

Above

DMA ₹354.31

Fundamental

79/100

STRONG

Trust

90/100

Verification

Coverage

100/100

HIGH

Quick Take

REC Limited scores 79/100 on fundamentals (strong). REC Limited: PE below historical average. NARROW LEADERSHIP regime.

Fundamental Score: 79/100 · STRONG · 1 signals detected

DuPont Analysis

ROE 19.1% broken into three drivers. Each shows how efficiently the company generates returns.

ROE19.1%=
72.1%Net Margin
×
0.0xTurnover
×
7.5xLeverage

ROE of 19.05% is moderate leverage-driven and stable. Net margin 72.1%, asset turnover 0.04x, leverage 7.5x. High leverage amplifies returns but increases risk. Low asset turnover is normal for banks.

What This Means

Net margin of 72.1% means the company keeps ₹72.1 as profit for every ₹100 of revenue. This is a healthy margin. Asset turnover of 0.04x means the company generates ₹0.04 of revenue for every ₹1 of assets. This is a capital-heavy business. Leverage of 7.5x means the company uses significant debt. Higher leverage amplifies returns but also risk.

Margin Structure

Gross

100.0%

Operating

%

Net

72.1%

declining

Financial Health

Peer comparison

StockPrice5DP/EROERev growthMcap
BAJAJFINSV

Bajaj Finserv

₹1,870.7+6.4%30.914.6%530%₹3.0L Cr
BAJAJHLDNG

Bajaj Holdings

₹10,819+3.4%12.412.6%-4830%₹1.2L Cr
ABCAPITAL

Aditya Birla Capital

₹409.75+6.3%28.411.2%770%₹1.1L Cr
360ONE

360 ONE WAM

₹1,133.3+4.0%39.314.4%2690%₹46.8k Cr
ANANDRATHI

Anand Rathi Wealth

₹2,095.5+5.4%87.446.7%4760%₹34.1k Cr
ANGELONE

Angel One

₹345.95+5.2%34.115.5%3350%₹30.7k Cr
AADHARHFC

Aadhar Housing Finance

₹556.5+7.3%2215.8%2090%₹23.9k Cr
APTUS

Aptus Value Housing

₹285.5+6.9%15.220.1%2210%₹14.3k Cr
RECLTD

REC Limited

₹364.75-0.1%5.820%-1440%₹93.8k Cr

Tensions to watch

PE in bottom 29% historically — undervaluation or fundamental deterioration?

Low PE can signal value OR declining growth expectations. Check recent earnings and sector outlook.

Promoter holding at 52.6% — neither distress selling nor aggressive buying

No strong insider signal. Watch for changes in promoter stake as a leading indicator.

Bank Metrics

Return on Assets

2.53%

Benchmark: >1%

Efficiency Ratio

27.9%

Lower is better

Asset Growth

+4.2%

Year over year

PB Ratio

1.1x

Price to book

ROA of 2.53% is strong (benchmark: >1% for banks). Strong asset utilization. P/B of 1.1x — trading above book. Reasonable valuation for a bank.

Key Watchpoints

🟢

Breaks above ₹383 (+5%)

Trend reversal confirmation

🔴

Breaks below ₹347 (-5%)

Further downside risk

🟡

PE reverts to median of 5.9 (7 quarterly points (limited history))

Valuation normalization

🟢

Financial_Services sector entering leadership

Sector rotation signal

Detected Patterns

✅ Strong ROA: ROA of 2.53% — above 1% benchmark for banks

Risk Flags

🔴 1 Critical⚠️ 2 Warning1 Positive4 total flags
🔴Operating cash flow significantly below net income
Cash Flow

OCF is only 0.4x net income. Profit not converting to cash — aggressive accounting possible.

⚠️Working capital changes are 179% of operating cash flow
Cash Flow

Working capital is consuming significant cash. Operational efficiency declining.

⚠️Board risk elevated: 9/10
Governance

Governance structure concerns. Independent director representation may be weak.

Minimal unusual items — clean earnings
Earnings Quality

Profits are from core operations, not one-offs. High quality.

⚠️ 1 critical + 2 warning flags. Exercise caution.

Data Quality

90/100All ratios self-computed from verified sources. 🟢 5 years of financial data — sufficient for trend analysis

News Correlation

revenue growth (1)margin pressure (1)capex expansion (1)debt reduction (2)management outlook (4)

50 articles scanned for fundamental themes

Facts

P/E Ratio
5.8MODERATE
P/B Ratio
1.1HIGH
ROE
1996.0%HIGH
Market Cap
₹9380860.4L CrHIGH
From 52W High
89% of high
Promoter Holding
52.6%MODERATE
Institutional
23.5%
Sector Peers
10

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