Rural Electrification Corporation

Market Cap (₹ Cr.)

₹1,43,419

52 Week High

654.00

Book Value

₹263

52 Week Low

239.60

PE Ratio

9.80

PB Ratio

1.97

PE for Sector

42.68

PB for Sector

2.82

ROE

20.40 %

ROCE

9.44 %

Dividend Yield

2.94 %

EPS

₹55.59

Industry

Finance

Sector

Finance - Term-Lending Institutions

Investment Returns

In Long Term

In Short Term

1 Year

0.00%

2 Years

0.00%

3 Years

0.00%

4 Years

0.00%

5 Years

0.00%

Growth Rate

Revenue Growth

20.37 %

Net Income Growth

26.67 %

Cash Flow Change

-54.50 %

ROE

6.16 %

ROCE

7.63 %

EBITDA Margin (Avg.)

5.75 %

Financial Results

Quarterly Financials	Mar 2015	Jun 2015	Sept 2015	Dec 2015	Mar 2016	Jun 2016	Sept 2016	Dec 2016	Mar 2017	Jun 2017	Sept 2017	Dec 2017	Mar 2018	Jun 2018	Sept 2018	Dec 2018	Mar 2019	Jun 2019	Sept 2019	Dec 2019	Mar 2020	Jun 2020	Sept 2020	Dec 2020	Mar 2021	Jun 2021	Sept 2021	Dec 2021	Mar 2022	Jun 2022	Sept 2022	Dec 2022	Mar 2023	Jun 2023	Sept 2023	Dec 2023	Mar 2024	Jun 2024
Revenue	5,371	5,710	5,925	6,037	6,084	6,051	6,109	5,958	5,982	5,628	5,604	5,637	5,948	6,319	6,253	5,512	6,686	6,799	7,601	7,653	7,777	8,422	8,791	9,047	9,150	9,511	10,079	10,039	9,602	9,469	9,949	9,712	10,124	10,981	11,590	12,000	12,643	13,037
Expenses	617	278	138	450	557	444	235	109	668	1,039	358	839	1,345	587	-53	-401	888	122	1,044	539	2,134	750	604	789	1,013	1,162	1,130	1,033	1,410	1,146	785	12	-191	213	-573	227	-406	684
EBITDA	4,753	5,432	5,787	5,587	5,528	5,607	5,874	5,848	5,314	4,589	5,246	4,799	4,603	5,732	6,306	5,914	5,797	6,677	6,557	7,114	5,643	7,672	8,187	8,258	8,137	8,349	8,949	9,005	8,192	8,322	9,164	9,700	10,315	10,768	12,163	11,774	13,050	12,353
Operating Profit %	88 %	95 %	98 %	92 %	91 %	92 %	96 %	98 %	88 %	81 %	94 %	85 %	77 %	91 %	101 %	107 %	87 %	98 %	86 %	93 %	72 %	91 %	93 %	91 %	89 %	88 %	89 %	90 %	85 %	88 %	92 %	100 %	102 %	98 %	105 %	98 %	103 %	95 %
Depreciation	1	1	1	1	1	1	1	1	1	1	1	1	2	2	2	2	2	2	2	2	3	2	2	2	3	3	5	5	5	6	6	6	6	6	6	6	6	6
Interest	3,093	3,306	3,517	3,707	3,754	3,553	3,426	3,373	3,425	3,187	3,250	3,291	3,618	3,620	3,779	4,082	4,161	4,573	4,715	4,768	4,942	5,193	5,412	5,446	5,438	5,589	5,563	5,549	5,353	5,377	5,729	6,135	6,497	7,050	7,350	7,653	7,896	8,021
Profit Before Tax	1,659	2,124	2,269	1,880	1,773	2,053	2,447	2,474	1,887	1,401	1,994	1,506	983	2,110	2,526	1,830	1,634	2,102	1,840	2,343	698	2,477	2,773	2,810	2,696	2,758	3,382	3,452	2,833	2,940	3,429	3,559	3,811	3,712	4,807	4,114	5,148	4,326
Tax	599	622	657	566	630	621	706	644	608	573	577	596	434	344	302	806	339	593	232	501	290	729	783	683	712	761	833	784	670	574	653	578	717	790	741	873	890	951
Net Profit	1,097	1,479	1,619	1,370	1,160	1,421	1,751	1,754	1,319	1,076	1,408	1,097	839	1,468	1,765	1,275	1,256	1,501	1,307	1,642	436	1,839	2,190	2,263	2,070	2,247	2,739	2,773	2,288	2,447	2,728	2,878	3,001	2,961	3,773	3,269	4,016	3,442
EPS in ₹	11.10	14.97	8.20	13.87	11.75	14.39	8.87	8.88	6.68	5.45	7.13	6.56	4.25	7.43	8.94	6.45	6.36	7.60	6.62	8.32	2.21	9.31	11.09	11.46	10.48	11.38	10.40	14.04	8.56	9.29	10.36	10.93	11.27	11.24	14.33	12.42	15.13	13.07

Show % Change

Above figures are in Rs. Crores

Balance Sheet

Balance Sheet	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	1,83,175	2,06,353	2,09,236	2,41,669	2,97,717	3,46,488	4,00,233	4,10,413	4,64,877	5,47,440
Fixed Assets	74	119	121	128	163	162	266	628	641	631
Current Assets	17,628	45,990	28,776	6,805	22,149	29,606	30,022	32,555	35,735	39,788
Capital Work in Progress	7	32	60	129	199	288	336	6	3	24
Investments	439	149	149	2,825	2,398	2,313	1,910	2,158	3,138	5,320
Other Assets	1,82,655	2,06,054	2,08,906	2,38,587	2,94,958	3,43,725	3,97,721	4,07,621	4,61,096	5,41,465
Total Liabilities	1,58,318	1,77,735	1,75,910	2,09,366	2,63,414	3,11,411	3,56,807	3,59,427	4,07,197	4,78,657
Current Liabilities	25,999	37,592	24,520	8,044	26,790	30,711	40,227	27,741	30,056	44,194
Non Current Liabilities	1,32,319	1,40,144	1,51,390	2,01,322	2,36,625	2,80,700	3,16,580	3,31,686	3,77,141	4,34,464
Total Equity	24,857	28,618	33,326	32,303	34,303	35,077	43,426	50,986	57,680	68,783
Reserve & Surplus	23,870	27,630	31,351	30,328	32,328	33,102	41,451	49,011	55,046	66,150
Share Capital	987	987	1,975	1,975	1,975	1,975	1,975	1,975	2,633	2,633

Show % Change

Above figures are in Rs. Crores

Cash Flow

Cash Flow	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Cash Flow	-670	1,206	2,760	-4,254	131	1,335	-538	-1,014	-175	-173
Investing Activities	245	-740	139	288	585	-136	864	-210	-804	-1,875
Operating Activities	-23,992	-13,205	6,794	-32,778	-36,013	-32,448	-43,520	-872	-37,482	-57,885
Financing Activities	23,076	15,150	-4,173	28,236	35,559	33,919	42,119	68	38,110	59,588

Show % Change

Above figures are in Rs. Crores

Share Holding

% Holding	Mar 2021	Jun 2021	Sept 2021	Dec 2021	Mar 2022	Jun 2022	Sept 2022	Dec 2022	Mar 2023	Jun 2023	Sept 2023	Dec 2023	Mar 2024	Jun 2024
Promoter	52.63 %	52.63 %	52.63 %	52.63 %	52.63 %	52.63 %	52.63 %	52.63 %	52.63 %	52.63 %	52.63 %	52.63 %	52.63 %	52.63 %
FIIs	26.75 %	26.15 %	26.82 %	24.85 %	24.27 %	23.36 %	23.39 %	21.46 %	21.49 %	21.90 %	20.36 %	20.60 %	19.92 %	20.43 %
DIIs	12.28 %	12.51 %	9.48 %	9.94 %	9.43 %	8.68 %	11.97 %	12.14 %	11.89 %	12.01 %	14.10 %	14.17 %	15.44 %	14.68 %
Government	0.00 %	0.00 %	0.00 %	0.00 %	0.00 %	0.00 %	0.04 %	0.04 %	0.04 %	0.04 %	0.04 %	0.04 %	0.05 %	0.05 %
Public / Retail	8.33 %	8.71 %	11.06 %	12.58 %	13.66 %	15.32 %	11.97 %	13.72 %	13.94 %	13.41 %	12.87 %	12.56 %	11.95 %	12.20 %

Show % Change

Peer Comparison Compare Peers on Screener

Competitors	LTP	Market Cap (₹ Cr.)	P/E Ratio	Revenue (₹ Cr.)	YoY Revenue Growth %	Net Profit (₹ Cr.)	YoY Profit Growth %	RSI
IRFC	155.25	2,09,880.20	32.58	26,655.96	12.18	6,412	1.30	22.00
Power Finance Corporation	480.70	1,59,262.91	7.68	91,586.15	17.81	26,461	20.06	36.19
Rural Electrification Corporation	529.70	1,43,418.55	9.80	47,571.23	20.37	14,145	16.58	30.84
IREDA	230.01	40,356.79	116.40	2,658.63	12.07	346	30.25	43.86
IFCI	69.55	18,833.54	135.96	2,114.82	22.36	241	31.99	44.37
Tourism Finance Corporation of India	167.15	1,635.24	19.13	254.31	-1.62	85	-9.05	37.70