Company Valuation: REC Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 243,014 304,006 1,187,584 1,130,180 803,397 808,400 - -
Change - 25.1% 290.65% -4.83% -28.91% 0.62% - -
Enterprise Value (EV) 243,014 304,006 1,187,584 1,130,180 803,397 808,400 808,400 808,400
Change - 25.1% 290.65% -4.83% -28.91% 0.62% 0% 0%
P/E 2.42x 2.76x 8.49x 7.21x 4.94x 4.75x 4.56x 4.44x
PBR 0.48x 0.53x 1.73x 1.58x 0.95x 0.83x 0.75x 0.67x
PEG - 0.28x 0.3x 0.6x 1.36x 1x 1.08x 1.66x
Capitalization / Revenue 1.41x 1.96x 6.88x 5.26x 3.5x 3.49x 3.29x 3.1x
EV / Revenue 0x 0x 0x 0x 0x 3.49x 3.29x 3.1x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 3.71x 3.42x 3.36x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 11.48 12.6 16 18 18.55 20.33 21.28 21.63
Rate of return 12.4% 10.9% 3.55% 4.19% 6.08% 6.62% 6.93% 7.05%
EPS 2 38.15 41.86 53.11 59.55 61.71 64.63 67.36 69.16
Distribution rate 30.1% 30.1% 30.1% 30.2% 30.1% 31.4% 31.6% 31.3%
Net sales 1 171,775 155,151 172,649 214,830 229,459 231,719 246,083 260,790
EBITDA - - - - 209,410 - - -
EBIT 1 158,982 138,537 165,888 205,310 209,144 217,772 236,297 240,928
Net income 1 100,459 110,546 140,192 157,130 162,823 170,949 177,117 182,057
Net Debt - - - - - - - -
Reference price 2 92.29 115.45 451.00 429.20 305.10 307.00 307.00 307.00
Nbr of stocks (in thousands) 2,633,224 2,633,224 2,633,224 2,633,224 2,633,224 2,633,224 - -
Announcement Date 5/13/22 5/17/23 4/30/24 5/8/25 4/28/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
4.66x - - 6.75% 8.29B
8.48x7.27x8.42x1.1% 22.58B
11.4x4.13x22.82x3.96% 11.78B
5.74x - - 5.31% 11.67B
11.23x - - 4.39% 10.6B
8.83x3.14x28.1x3.77% 7.93B
16.79x14.24x34.23x1.33% 6.86B
7.51x8.97x9.58x5.21% 6.09B
Average 9.33x 7.55x 20.63x 3.98% 10.72B
Weighted average by Cap. 9.10x 7.06x 17.65x 3.57%

Y-o-Y evolution of P/E

Valuation ratios - P/E - REC Limited

Historical PBR trend

Valuation ratios - PBR - REC Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - REC Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - REC Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - REC Limited