NSE: RECLTD | BSE: 532955

Weak Stock

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336.95 3.25 (0.97%)

4.8M NSE+BSE Volume

NSE 22 May, 2026 3:31 PM (IST)

88,726.5

Market Cap

Above industry Median

Beta 1Year

Very High Volatility

REC Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for RECLTD, BSE:532955 REC Ltd.

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REC Ltd.

28 Apr 2026

336.95

0.97%

PPoP in line; earnings miss driven by higher credit costs

Buy: REC Ltd.

Target

Motilal Oswal

Rural Electrification Corp’s (RECL) 4QFY26 PAT declined ~21% YoY to INR33.6b (23% miss). PAT for FY26 grew ~3% YoY to ~INR163b. NII in 4QFY26 declined ~16% YoY to ~INR51.7b (in line).

REC Ltd. has an average target of 490.00 from 2 brokers.

REC Ltd.

29 Oct 2025

336.95

0.97%

Muted loan growth due to higher prepayments; NIM declines QoQ

Buy: REC Ltd.

Target

Motilal Oswal

Rural Electrification Corp’s (RECL) 2QFY26 PAT grew ~10% YoY to INR44.3b (in line). PAT in 1HFY26 grew 19% YoY and we expect PAT in 2HFY26 to grow by 13% YoY.

REC Ltd. is trading below all available SMAs

REC Ltd.

31 Jul 2025

336.95

0.97%

Provision write-backs drive earnings beat; NIM up 10bp QoQ

Buy: REC Ltd.

Target

Motilal Oswal

Rural Electrification Corp’s (RECL) 1QFY26 PAT grew ~29% YoY to INR44.5b (~8% beat). NII grew ~19% YoY to ~INR55.7b (in line).

REC Ltd. is trading below all available SMAs

REC Ltd.

25 Jul 2025, 12:00AM

336.95

0.97%

Healthy quarter with 3% QoQ loan growth and 22.6% RoE aided by negative credit cost

Buy: REC Ltd.

ICICI Securities Limited

REC reported a healthy Q1 with its loan assets growing 3% QoQ despite a seasonally weak quarter. Calculated credit cost (annualised) was negative 43bps with the restructuring of the TRN Energy account, which led to an ECL reversal of INR 2.7bn. NIMs and spreads were higher in Q1 vs. FY25 levels.

REC Ltd. has an average target of 490.00 from 2 brokers.

REC Ltd.

15 May 2025

336.95

0.97%

Growth outlook moderates; stable profitability, asset quality

Buy: REC Ltd.

Target

Emkay

REC reported a soft quarter, with moderating growth and disbursement led by higher repayments (including prepayments) and NPA resolutions, while margin and asset quality were stable.

REC Ltd. is trading below all available SMAs

REC Ltd.

10 Feb 2025

336.95

0.97%

Enough fuel to power growth, profitability; attractive valuation

Buy: REC Ltd.

Emkay

REC reported a satisfactory quarter in terms of margins, credit cost, and asset quality, while growth in Q3 was a tad below expectations on account of higher repayment and resolution of NPAs; however, disbursement remained strong.

REC Ltd. has an average target of 490.00 from 2 brokers.

REC Ltd.

10 Feb 2025

336.95

0.97%

Minor weakness in AUM growth due to higher rundown

Buy: REC Ltd.

Motilal Oswal

Rural Electrification Corp (RECL)’s 3QFY25 PAT grew ~23% YoY to INR40.3b. NII grew ~20% YoY to ~INR51.3b. Other income rose ~260% YoY to~INR2b.

Number of FII/FPI investors decreased from 800 to 766 in Mar 2026 qtr

REC Ltd.

15 Jan 2025

336.95

0.97%

Axis Punch

Buy: REC Ltd.

Axis Direct

We recommend a BUY on the stock with a target price of Rs 530/share, implying an upside of 11% from the CMP.

REC Ltd. is trading below all available SMAs

REC Ltd.

17 Oct 2018

336.95

0.97%

RURAL ELECTRIFICATION CORPORATION LIMITED

Buy: REC Ltd.

Target

Geojit BNP Paribas

Asset quality continued to remain under pressure as Gross non-performing assets (NPA) ratio increased by 97 bps QoQ to 8.1% in Q1FY19. However, RECL had to make incremental provisions of Rs5,800cr under IND-AS, consequently, provision coverage ratio (PCR) improved by 2685 bps QoQ to 47.4%. It also helped the company to improve Net NPA ratio by 141 bps sequentially to 4.3%. The company also provided Rs1,700cr against standard private exposure which provides further comfort. However, with ~60% of private sector marked as stress assets, we believe that the company's asset quality will improve gradually...

REC Ltd. is trading below all available SMAs

REC Ltd.

19 Mar 2018

336.95

0.97%

RURAL ELECTRIFICATION CORPORATION LIMITED

Buy: REC Ltd.

Geojit Research

Asset quality deteriorated significantly as Gross/Net non-performing asset (NPA) ratio increased by 45/37 bps QoQ to 3.0%/2.0% in Q3FY18 mainly led by slippages of Lanco Anpara where it has exposure of ~Rs1,250cr. However, gross restructured assets declined by 9% QoQ following upgrade in public sector unit (PSU). As per management, some more PSU restructured accounts are likely to get upgraded in future. However, given the uncertainty surrounding private restructured assets (Rs12,644cr), we expect the company's...

REC Ltd. has an average target of 490.00 from 2 brokers.

Is REC Ltd. worth buying?

2408 Votes:

Buy 78.7%

Sell 10.3%

Hold 11.0%

RESEARCH REPORTS

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Buy SEE REPORTS >

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