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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 $2.4B
LTM EBITDA $2.3B
$70.1B
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 of $2.4B and a last 12-month EBITDA of $2.3B.
In the most recent fiscal year, REC Ltd. achieved revenue of $2.0B 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| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $1.7B | $2.0B | XXX | XXX | XXX |
| Gross Profit | n/a | n/a | XXX | XXX | XXX |
| Gross Margin | NaN% | NaN% | XXX | XXX | XXX |
| EBITDA | n/a | n/a | XXX | XXX | XXX |
| EBITDA Margin | NaN% | NaN% | XXX | XXX | XXX |
| Net Profit | $1.2B | $1.3B | XXX | XXX | XXX |
| Net Margin | 69% | 65% | XXX | XXX | XXX |
| Net Debt | $38.6B | $44.2B | XXX | XXX | XXX |
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As of April 15, 2025, REC Ltd.'s stock price is INR 402 (or $5).
REC Ltd. has current market cap of INR 1.06T (or $12.3B), and EV of INR 6.04T (or $70.1B).
See REC Ltd. trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $70.1B | $12.3B | XXX | XXX | XXX | XXX | $0.69 |
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Sign UpAs of April 15, 2025, REC Ltd. has market cap of $12.3B and EV of $70.1B.
REC Ltd.'s trades at 29.0x LTM EV/Revenue multiple, and 29.9x LTM EBITDA.
Analysts estimate REC Ltd.'s 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for REC Ltd. and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $70.1B | XXX | XXX | XXX |
| EV/Revenue | 30.4x | XXX | XXX | XXX |
| EV/EBITDA | n/a | XXX | XXX | XXX |
| P/E | 7.0x | XXX | XXX | XXX |
| P/E/Growth | 0.6x | XXX | XXX | XXX |
| EV/FCF | n/a | 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.
Sign UpREC Ltd.'s NTM/LTM revenue growth is 13%
REC Ltd.'s revenue per employee for the last fiscal year averaged $2.0M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, REC Ltd.'s ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate REC Ltd.'s 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for REC Ltd. and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 18% | XXX | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | XXX | XXX | XXX |
| EBITDA Growth | n/a | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | n/a | XXX | XXX | XXX | XXX |
| Revenue per Employee | $2.0M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 0% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 0% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 4% | XXX | 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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Sign Up| 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 $12.3B |
| What is the current revenue of REC Ltd.? | REC Ltd.'s last 12-month revenue is $2.4B. |
| What is the current EBITDA of REC Ltd.? | REC Ltd.'s last 12-month EBITDA is $2.3B. |
| What is the current EV/Revenue multiple of REC Ltd.? | Current revenue multiple of REC Ltd. is 29.0x. |
| What is the current EV/EBITDA multiple of REC Ltd.? | Current EBITDA multiple of REC Ltd. is 29.9x. |
| What is the current revenue growth of REC Ltd.? | REC Ltd. revenue growth between 2023 and 2024 was 18%. |
| Is REC Ltd. profitable? | Yes, REC Ltd. is EBITDA-positive (as of the last 12 months). |
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