REC share price: key levels, dividends and FY26 cues

REC stock slips in the latest quote

REC Ltd shares were trading lower in the latest update available on 15 May, 2026. The stock moved down 0.71% from its previous close of Rs 348.30 to Rs 345.85. The quote was marked as last updated at 10:29 AM IST, while another line in the same feed also references the price as of 03:59 PM IST at Rs 345.85. The move keeps REC in focus as a high dividend-paying PSU lender, especially after multiple dividend announcements across FY25 and FY26.

REC is categorised in the Term Lending Institutions sector and was incorporated in 1969. The company is listed as a small-cap in the provided dataset, with a stated market capitalisation of Rs 91,070.05 crore. Market participants typically track REC alongside other power-sector financiers because its earnings and dividend actions are closely linked to the broader capex and power demand cycle.

Trading levels: range and 52-week markers

The data provided includes a 52-week low of Rs 304.05 and a 52-week high of Rs 448.00 for REC. These markers place the latest price of Rs 345.85 closer to the lower end of the stated annual band. Another snapshot in the same input shows an intraday low of Rs 304.05 and a high of Rs 317.70, with an open of Rs 314.25 and previous close of Rs 318.45, indicating the feed contains multiple quote captures from different points in time.

For investors, the key takeaway from the latest quote is limited to the confirmed numbers: Rs 345.85 last traded price, down 0.71% from Rs 348.30. The 52-week range is a commonly used reference when comparing today’s price to recent volatility, but the dataset does not specify the date of the 52-week range reading.

Valuation and return ratios highlighted in the feed

The input lists REC’s P/E (TTM) at 4.86, compared with an industry P/E of 17.68. It also reports ROE at 20.68% and EPS (TTM) at 65.48. Dividend yield is shown at 5.65%, and a separate line shows a dividend of 18.00 with a yield of 5.45%, alongside an ex-dividend date of March 20, 2026.

These numbers indicate the market is pricing REC at a single-digit earnings multiple while the business continues to report strong profitability in recent quarters disclosed in the text. However, the dataset does not provide a full balance sheet or asset quality breakdown in one place, so readers should treat these as point-in-time metrics from the feed.

TTM and FY25 revenue numbers (normalised to Rs crore)

The dataset provides trailing twelve-month (TTM) financials in “B” units. Normalising these into Rs crore (1 billion = 100 crore):

• Revenue (TTM): 238.85B, which equals Rs 23,885 crore, with +11.5% shown.
• Net income: 172.10B, which equals Rs 17,210 crore, with +10.2% shown.
• EPS: 65.37, with +10.2% shown.

It also states that in fiscal year 2025, REC Limited’s revenue was 213.53 billion, which equals Rs 21,353 crore, up 12.79% from 189.32 billion, which equals Rs 18,932 crore. FY25 earnings are listed at 158.51 billion, which equals Rs 15,851 crore, up 12.32%.

FY25: profit, dividends, and disbursement scale

A separate FY25 update in the feed reports that REC posted net profit of Rs 15,713 crore for the year ended March 31, 2025, up 12% from Rs 14,019 crore. The board recommended a final dividend of Rs 2.60 per equity share, taking total dividend for FY25 to Rs 18 per share, up from Rs 16 in FY24. FY25 EPS is cited at Rs 59.55, up from Rs 53.11 in the previous year.

On the business side, audited standalone results cited in the feed show total disbursements of Rs 1,91,185 crore for FY25, an 18% increase over Rs 1,61,462 crore in FY24. For the fourth quarter, REC posted net profit of Rs 4,236 crore, disbursements of Rs 45,538 crore, and a 38% increase in net interest income to Rs 5,876 crore.

Q2 FY26: profits rise, spreads and NIM disclosed

REC’s quarter ended September 30, 2025 (Q2 FY26) features prominently in the input. The company reported standalone net profit of Rs 4,425.86 crore versus Rs 4,005.47 crore a year ago. Interest income rose to Rs 14,577.09 crore and total income reached Rs 15,094.61 crore. Net profit margin for the quarter is stated at 29.32%, while EPS for the quarter is stated at Rs 16.81.

On a consolidated basis for Q2, the feed lists revenue from operations at Rs 15,152.67 crore and net profit at Rs 4,414.93 crore. For the half-year, consolidated profit is stated at Rs 8,880.64 crore with EPS of Rs 33.73. Another exchange-filing-style extract in the text reports total revenues of Rs 15,162.38 crore for the quarter, up 10.62% from Rs 13,706.31 crore, and interest income of Rs 14,589.97 crore versus Rs 13,484.82 crore.

Loan growth: disbursements, sanctions, spreads and net worth

The company statement cited in the feed reports that standalone loan disbursements increased to Rs 1,15,470 crore in the first half of the fiscal from Rs 90,955 crore, up 27%. During Q2 FY26, loan sanctions increased by 97% to Rs 1,49,832 crore against Rs 76,200 crore in the corresponding quarter of the previous fiscal.

It also states REC maintained spreads at 2.89% and NIM at 3.64%, resulting in a half-yearly profit after tax of Rs 8,877 crore. Annualised EPS for the period ended September 30, 2025 is stated at Rs 67.24 versus Rs 56.56 as at September 30, 2024. Net worth is stated at Rs 82,739 crore as on September 30, 2025.

Dividends across FY25 and FY26: key dates and totals

Dividend announcements appear repeatedly in the dataset. For FY26, the board declared a second interim dividend of Rs 4.60 per share with a record date of October 27, 2025, and payment to be completed by or before November 14, 2025. The text also states that with this, the total interim dividend for FY26 reached Rs 9.20.

For FY24-25, REC declared a fourth interim dividend of Rs 3.60 per share with a record date of March 26, 2025, and a payout on or before April 16, 2025. In addition, another headline in the input refers to a fourth interim dividend of Rs 3.20 per share for FY26, but the dataset fragment does not provide the record date and payment date for that specific Rs 3.20 declaration.

Subsidiary divestments and a key compliance appointment

The dataset notes that REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary, sold its entire shareholding in two project-specific subsidiaries on October 17, 2025. Ananthapuram II Power Transmission Limited was sold to Shivalaya Construction Limited for Rs 7.70 crore, while SR WR Power Transmission Limited was transferred to Power Grid Corporation of India Limited for Rs 0.63 crore.

REC’s board also approved the appointment of Shri Dinesh Garg as Company Secretary and Compliance Officer, effective December 1, 2025. Such appointments are closely tracked for governance continuity, particularly for companies with regular market disclosures and dividend timelines.

Broker ratings and target prices cited in the feed

Multiple brokerage references are included across different dates and price points. Morgan Stanley maintained an Overweight rating with a target price of Rs 485, citing an implied upside of 19.6% from Rs 405.50 (as stated in that specific note). CLSA reiterated a High Conviction Outperform rating with a target price of Rs 525, implying 29.5% upside from Rs 405.50 in that report.

Other references in the input include CLSA maintaining an outperform rating with a target price of Rs 590 in a separate context, and Macquarie reiterating an outperform rating with a target price of Rs 700, implying 74% upside from Rs 401.90 (as mentioned in that item). These targets are not directly comparable to the latest Rs 345.85 quote because the base prices differ in each brokerage excerpt.

Key facts table: price, valuation, dividends, and results

Why the story matters for investors tracking PSU lenders

REC’s updates combine three investor-sensitive threads: dividend distribution, credit growth, and profitability. The figures cited for Q2 FY26 and the half-year highlight higher profits, a disclosed NIM of 3.64%, and a sharp rise in sanctions, all of which help explain why the stock often remains in focus even on modest down days.

At the same time, the valuation metrics in the feed show a low P/E versus the industry average, alongside a high dividend yield. That mix can draw attention from income-focused investors, but it also means the market may be pricing in sector or policy risks that are not detailed in the provided dataset. Readers should stick to the confirmed numbers in company filings and the stated record dates for dividends when assessing eligibility and timelines.

Company contact and registered location (as stated)

The dataset lists REC’s address as Core-4, SCOPE Complex, 7, Lodhi Road, New Delhi, Delhi, 110003. The contact email shown is contactus@recindia.com. Such details are typically used for shareholder communication, including dividend-related queries and investor correspondence.

Conclusion: what to watch next

REC’s latest quote shows a 0.71% dip to Rs 345.85, while the broader feed highlights strong FY25 profitability, Q2 FY26 earnings growth, and multiple interim dividend actions. Investors will likely watch the next set of scheduled corporate updates and any further dividend record dates, alongside how disbursements and sanctions translate into reported income and margins in subsequent quarters.