REC Limited (RECLTD) - Net Assets

Latest as of March 2026: Rs850.54 Billion INR ≈ $9.20 Billion USD

Based on the latest financial reports, REC Limited (RECLTD) has net assets worth Rs850.54 Billion INR (≈ $9.20 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs6.40 Trillion ≈ $69.23 Billion USD) and total liabilities (Rs5.55 Trillion ≈ $60.03 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check tangible net worth ratio of REC Limited to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs850.54 Billion
% of Total Assets	13.29%
Annual Growth Rate	15.98%
5-Year Change	65.75%
10-Year Change	152.61%
Growth Volatility	17.1

REC Limited - Net Assets Trend (2005–2026)

This chart illustrates how REC Limited's net assets have evolved over time, based on quarterly financial data. See REC Limited (RECLTD) liquidity interval to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for REC Limited (2005–2026)

The table below shows the annual net assets of REC Limited from 2005 to 2026. For live valuation and market cap data, see RECLTD company net worth.

Year	Net Assets	Change
2026-03-31	Rs850.54 Billion ≈ $9.20 Billion	+8.52%
2025-03-31	Rs783.76 Billion ≈ $8.48 Billion	+13.01%
2024-03-31	Rs693.50 Billion ≈ $7.50 Billion	+19.32%
2023-03-31	Rs581.21 Billion ≈ $6.29 Billion	+13.26%
2022-03-31	Rs513.14 Billion ≈ $5.55 Billion	+17.25%
2021-03-31	Rs437.64 Billion ≈ $4.73 Billion	+23.64%
2020-03-31	Rs353.96 Billion ≈ $3.83 Billion	+2.46%
2019-03-31	Rs345.46 Billion ≈ $3.74 Billion	-3.70%
2018-03-31	Rs358.72 Billion ≈ $3.88 Billion	+6.54%
2017-03-31	Rs336.71 Billion ≈ $3.64 Billion	+16.53%
2016-03-31	Rs288.93 Billion ≈ $3.12 Billion	+15.24%
2015-03-31	Rs250.73 Billion ≈ $2.71 Billion	+20.52%
2014-03-31	Rs208.03 Billion ≈ $2.25 Billion	+18.67%
2013-03-31	Rs175.30 Billion ≈ $1.90 Billion	+18.40%
2012-03-31	Rs148.06 Billion ≈ $1.60 Billion	+15.42%
2011-03-31	Rs128.27 Billion ≈ $1.39 Billion	+15.52%
2010-03-31	Rs111.04 Billion ≈ $1.20 Billion	+79.30%
2009-03-31	Rs61.93 Billion ≈ $669.77 Million	+15.34%
2008-03-31	Rs53.69 Billion ≈ $580.69 Million	+38.09%
2007-03-31	Rs38.88 Billion ≈ $420.52 Million	+18.01%
2006-03-31	Rs32.95 Billion ≈ $356.34 Million	-12.81%
2005-03-31	Rs37.79 Billion ≈ $408.67 Million	--

Equity Component Analysis

This analysis shows how different components contribute to REC Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs26.33 Billion	3.10%
Other Components	Rs824.21 Billion	96.90%
Total Equity	Rs850.54 Billion	100.00%

REC Limited Competitors by Market Cap

The table below lists competitors of REC Limited ranked by their market capitalization.

Company	Market Cap
Eurofins Scientific SE PA:ERF	$10.22 Billion
Tubize-Fin BR:TUB	$10.23 Billion
The AES Corporation NYSE:AES	$10.23 Billion
SK TELECOM CO.LTD.ADR 5/9 F:KMBA	$10.24 Billion
Erie Indemnity Company NASDAQ:ERIE	$10.21 Billion
Sichuan Chuantou Energy Co Ltd SHG:600674	$10.21 Billion
Cognex Corporation NASDAQ:CGNX	$10.20 Billion
BALOISE HLDG AG ADR/1/10 F:BLO	$10.20 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in REC Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 783,760,600,000 to 850,544,100,000, a change of 66,783,500,000 (8.5%).
Net income of 163,081,700,000 contributed positively to equity growth.
Dividend payments of 61,090,800,000 reduced retained earnings.
Other comprehensive income decreased equity by 575,395,700,000.
Other factors increased equity by 540,188,300,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs163.08 Billion	+19.17%
Dividends Paid	Rs61.09 Billion	-7.18%
Other Comprehensive Income	Rs-575.40 Billion	-67.65%
Other Changes	Rs540.19 Billion	+63.51%
Total Change	Rs-	8.52%

Book Value vs Market Value Analysis

This analysis compares REC Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 1.11x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 19.76x to 1.11x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-03-31	Rs18.15	Rs358.70	x
2006-03-31	Rs15.83	Rs358.70	x
2007-03-31	Rs18.68	Rs358.70	x
2008-03-31	Rs25.61	Rs358.70	x
2009-03-31	Rs27.05	Rs358.70	x
2010-03-31	Rs47.98	Rs358.70	x
2011-03-31	Rs48.71	Rs358.70	x
2012-03-31	Rs56.23	Rs358.70	x
2013-03-31	Rs66.57	Rs358.70	x
2014-03-31	Rs79.00	Rs358.70	x
2015-03-31	Rs95.22	Rs358.70	x
2016-03-31	Rs109.73	Rs358.70	x
2017-03-31	Rs127.87	Rs358.70	x
2018-03-31	Rs136.23	Rs358.70	x
2019-03-31	Rs131.19	Rs358.70	x
2020-03-31	Rs134.42	Rs358.70	x
2021-03-31	Rs166.20	Rs358.70	x
2022-03-31	Rs194.87	Rs358.70	x
2023-03-31	Rs220.72	Rs358.70	x
2024-03-31	Rs263.37	Rs358.70	x
2025-03-31	Rs297.04	Rs358.70	x
2026-03-31	Rs322.37	Rs358.70	x

Capital Efficiency Dashboard

This dashboard shows how efficiently REC Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 19.17%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 27.93%
• Asset Turnover: 0.09x
• Equity Multiplier: 7.53x
Recent ROE (19.17%) is below the historical average (19.30%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	20.68%	33.95%	0.09x	6.54x	Rs4.04 Billion
2006	24.52%	39.25%	0.07x	9.02x	Rs4.78 Billion
2007	19.93%	29.23%	0.07x	9.28x	Rs3.86 Billion
2008	16.05%	25.51%	0.08x	7.99x	Rs3.25 Billion
2009	20.56%	26.77%	0.09x	9.04x	Rs6.54 Billion
2010	18.21%	30.88%	0.09x	6.27x	Rs9.12 Billion
2011	20.15%	53.28%	0.06x	6.75x	Rs13.02 Billion
2012	19.17%	27.46%	0.10x	7.35x	Rs13.58 Billion
2013	21.86%	28.29%	0.10x	7.45x	Rs20.80 Billion
2014	22.79%	28.06%	0.11x	7.35x	Rs26.61 Billion
2015	21.32%	26.35%	0.11x	7.32x	Rs28.37 Billion
2016	19.70%	24.30%	0.11x	7.16x	Rs28.02 Billion
2017	18.75%	26.17%	0.11x	6.24x	Rs29.46 Billion
2018	12.41%	20.30%	0.09x	6.93x	Rs8.63 Billion
2019	16.62%	23.49%	0.08x	8.64x	Rs22.87 Billion
2020	14.05%	18.06%	0.08x	9.80x	Rs14.33 Billion
2021	19.14%	23.84%	0.09x	9.16x	Rs40.02 Billion
2022	19.56%	26.12%	0.09x	8.01x	Rs49.04 Billion
2023	19.21%	29.13%	0.08x	8.01x	Rs53.55 Billion
2024	20.40%	29.98%	0.09x	7.90x	Rs72.10 Billion
2025	20.27%	28.35%	0.09x	7.84x	Rs80.47 Billion
2026	19.17%	27.93%	0.09x	7.53x	Rs78.03 Billion

Industry Comparison

This section compares REC Limited's net assets metrics with peer companies in the Credit Services industry.

Industry Context

Industry: Credit Services
Average net assets among peers: $13,875,001,886
Average return on equity (ROE) among peers: 14.14%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
REC Limited (RECLTD)	Rs850.54 Billion	20.68%	6.53x	$10.21 Billion
Akme Fintrade India Ltd (AFIL)	$3.82 Billion	8.69%	0.77x	$66.41 Million
Arman Financial Services Limited (ARMANFIN)	$66.41 Million	10.09%	1.89x	$192.84 Million
Baid Finserv Limited (BAIDFIN)	$108.03 Million	5.96%	2.17x	$16.78 Million
Bajaj Finance Limited (BAJFINANCE)	$96.00 Billion	19.13%	5.64x	$64.48 Billion
Capri Global Capital Limited (CGCL)	$2.81 Billion	44.70%	0.62x	$2.30 Billion
Cholamandalam Investment and Finance Company Limited (CHOLAFIN)	$3.01 Billion	11.80%	5.99x	$15.41 Billion
Cholamandalam Financial Holdings Limited (CHOLAHLDNG)	$28.18 Billion	10.24%	7.22x	$3.23 Billion
CREDITACCESS GRAMEEN LIMITED (CREDITACC)	$4.60 Billion	18.10%	5.11x	$2.46 Billion
CSL Finance Limited (CSLFINANCE)	$518.95 Million	12.68%	0.00x	$55.58 Million
DCM Financial Services Limited (DCMFINSERV)	$-371.72 Million	0.00%	0.00x	$1.25 Million

About REC Limited

NSE:RECLTD India Credit Services

Market Cap

$10.21 Billion

Rs944.54 Billion INR

Market Cap Rank

#2232 Global

#89 in India

Share Price

Rs358.70

Change (1 day)

-0.01%

52-Week Range

Rs305.10 - Rs404.90

All Time High

Rs637.07