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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
History
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
REC Limited is a non-banking financial company (NBFC). The Company's products are interest-bearing loans to state electricity boards, state power utilities/state power departments and the private sector for all segments of power infrastructure. It operates in one business…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A high-quality, steadily growing business, trading cheap versus its own history — carrying meaningful debt.
REC is scored on the nbfc / financials framework. It keeps a fat 27.4% of every rupee of sales as net profit.
Over the last 3 years revenue compounded at 15%/yr and profit at 14%/yr. Book value has grown 14%/yr. Return on equity is a healthy 15.9%. In the latest quarter profit fell 17% versus the prior quarter.
At 5× earnings, the stock sits at the 12th percentile of its own 3.6-year range — the cheap end of where it has historically traded. Today's price asks for only ~-10%/yr growth over a decade — undemanding expectations. The books come through clean — a forensic grade of A.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 5.18 | 26.63 | better |
| P/B | 0.82 | 1.5 | better |
| EV/EBITDA | 10.99 | — | — |
| ROE | 15.86 | 8.89 | better |
| ROCE | 8.81 | 7.07 | better |
| ROA | 2.24 | — | — |
| Quick Ratio | 0.96 | 3.59 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Bajaj Finance | 30.6 | 5.5 | 17.6% |
| Bajaj Finserv | 13.6 | 3.5 | 12.7% |
| Shriram Finance | 17.8 | 2.0 | 11.4% |
Not applicable for this sector.
Revenue has grown every year across all 4 financial years shown. 15% CAGR over 3 years — steady double-digit compounder. Growth is decelerating — latest year grew slower than the year before.
Net profit has risen every year — the hallmark of a compounder.
Operating margins have been stable around 35% — no major structural shift.
ROE at 19% — a respectable return on shareholder capital. ROE powered by fat margins — the hallmark of a high-quality franchise with pricing power. Low variance across years — a predictable business that earns steadily on its equity base.
EPS has grown every year — each share earns more than the last, consistently. 13% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
3 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Cash conversion at 0.4× PAT — reported profit isn't translating into cash, raising earnings quality questions. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue broadly flat QoQ — stable but not accelerating. Low quarterly variance (4% spread) — a predictable, non-seasonal revenue stream.
Profit fell 17% QoQ — one-quarter drops can be noise, but a pattern matters. Quarterly margins are compressing (27% → 23%) — more revenue isn't translating to proportionally more profit.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 52.6% — majority control intact. MF stake down 3.0pp — domestic funds are booking profits or rebalancing out.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.