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REC Ltd is a nonbanking financial company operating in India. The company's main objective is to finance and promote power sector projects on the subcontinent. REC provides loan assistance to numerous state power utilities, private sector project developers, central power sector utilities, and state governments. REC investments include power generation, power transmission, power distribution, and other system improvement initiatives. REC is also instrumental in implementing several initiatives spearheaded on behalf of the government of India, including rural electrification. It comprises of only one business segment-lending to power, logistic and infrastructure sector. The majority of its revenue derives from long-term financing.
1969
980
LTM Revenue $2.6B
LTM EBITDA $2.4B
$70.5B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
REC Ltd. has a last 12-month revenue (LTM) of $2.6B and a last 12-month EBITDA of $2.4B.
In the most recent fiscal year, REC Ltd. achieved revenue of $2.6B and an EBITDA of n/a.
REC Ltd. expects next 12-month revenue of XXX and NTM EBITDA of XXX
See REC Ltd. valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $2.6B | XXX | $2.6B | XXX | XXX | XXX |
| Gross Profit | $2.6B | XXX | n/a | XXX | XXX | XXX |
| Gross Margin | 100% | XXX | n/a | XXX | XXX | XXX |
| EBITDA | $2.4B | XXX | n/a | XXX | XXX | XXX |
| EBITDA Margin | 94% | XXX | n/a | XXX | XXX | XXX |
| EBIT | $2.5B | XXX | n/a | XXX | XXX | XXX |
| EBIT Margin | 96% | XXX | n/a | XXX | XXX | XXX |
| Net Profit | $1.9B | XXX | $1.9B | XXX | XXX | XXX |
| Net Margin | 73% | XXX | 73% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $58.0B | XXX | XXX | XXX |
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As of May 30, 2025, REC Ltd.'s stock price is INR 403 (or $5).
REC Ltd. has current market cap of INR 1.06T (or $12.4B), and EV of INR 6.02T (or $70.5B).
See REC Ltd. trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $70.5B | $12.4B | XXX | XXX | XXX | XXX | $0.67 |
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Start Free TrialAs of May 30, 2025, REC Ltd. has market cap of $12.4B and EV of $70.5B.
REC Ltd.'s trades at 29.2x EV/Revenue multiple, and n/a EV/EBITDA.
Equity research analysts estimate REC Ltd.'s 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
REC Ltd. has a P/E ratio of 6.6x.
See valuation multiples for REC Ltd. and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $12.4B | XXX | $12.4B | XXX | XXX | XXX |
| EV (current) | $70.5B | XXX | $70.5B | XXX | XXX | XXX |
| EV/Revenue | 27.5x | XXX | 29.2x | XXX | XXX | XXX |
| EV/EBITDA | 29.2x | XXX | n/a | XXX | XXX | XXX |
| EV/EBIT | 28.6x | XXX | n/a | XXX | XXX | XXX |
| EV/Gross Profit | 27.5x | XXX | n/a | XXX | XXX | XXX |
| P/E | 6.6x | XXX | 6.9x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | -13.8x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialREC Ltd.'s last 12 month revenue growth is 9%
REC Ltd.'s revenue per employee in the last FY averaged $2.6M, while opex per employee averaged $0.1M for the same period.
REC Ltd.'s rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
REC Ltd.'s rule of X is 117% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for REC Ltd. and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 11% | XXX | XXX | XXX |
| EBITDA Margin | 94% | XXX | n/a | XXX | XXX | XXX |
| EBITDA Growth | 13% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | n/a | XXX | n/a | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 117% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $2.6M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 0% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 4% | XXX | XXX | XXX |
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| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| TAQA | XXX | XXX | XXX | XXX | XXX | XXX |
| New Sources Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| AGL Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| APA Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Chrysos Corp. | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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REC Ltd. acquired XXX companies to date.
Last acquisition by REC Ltd. was XXXXXXXX, XXXXX XXXXX XXXXXX . REC Ltd. acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was REC Ltd. founded? | REC Ltd. was founded in 1969. |
| Where is REC Ltd. headquartered? | REC Ltd. is headquartered in India. |
| How many employees does REC Ltd. have? | As of today, REC Ltd. has 980 employees. |
| Is REC Ltd. publicy listed? | Yes, REC Ltd. is a public company listed on BOM. |
| What is the stock symbol of REC Ltd.? | REC Ltd. trades under 532955 ticker. |
| When did REC Ltd. go public? | REC Ltd. went public in 2008. |
| Who are competitors of REC Ltd.? | Similar companies to REC Ltd. include e.g. TAQA, New Sources Energy, AGL Energy, APA Group. |
| What is the current market cap of REC Ltd.? | REC Ltd.'s current market cap is $12.4B |
| What is the current revenue of REC Ltd.? | REC Ltd.'s last 12 months revenue is $2.6B. |
| What is the current revenue growth of REC Ltd.? | REC Ltd. revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of REC Ltd.? | Current revenue multiple of REC Ltd. is 27.5x. |
| Is REC Ltd. profitable? | Yes, REC Ltd. is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of REC Ltd.? | REC Ltd.'s last 12 months EBITDA is $2.4B. |
| What is REC Ltd.'s EBITDA margin? | REC Ltd.'s last 12 months EBITDA margin is 94%. |
| What is the current EV/EBITDA multiple of REC Ltd.? | Current EBITDA multiple of REC Ltd. is 29.2x. |
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