REC Limited (RECLTD) - Net Assets

Latest as of September 2025: Rs829.22 Billion INR ≈ $8.97 Billion USD

Based on the latest financial reports, REC Limited (RECLTD) has net assets worth Rs829.22 Billion INR (≈ $8.97 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs6.40 Trillion ≈ $69.25 Billion USD) and total liabilities (Rs5.57 Trillion ≈ $60.28 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 RECLTD asset liquidity ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs829.22 Billion
% of Total Assets	12.95%
Annual Growth Rate	16.37%
5-Year Change	79.09%
10-Year Change	171.26%
Growth Volatility	17.42

REC Limited - Net Assets Trend (2005–2025)

This chart illustrates how REC Limited's net assets have evolved over time, based on quarterly financial data. Also explore total assets of REC Limited for the complete picture of this company's asset base.

Annual Net Assets for REC Limited (2005–2025)

The table below shows the annual net assets of REC Limited from 2005 to 2025. For live valuation and market cap data, see RECLTD company net worth.

Year	Net Assets	Change
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 grown by 16067340000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	Rs160.67 Billion	20.50%
Common Stock	Rs26.33 Billion	3.36%
Other Comprehensive Income	Rs575.40 Billion	73.41%
Other Components	Rs21.36 Billion	2.73%
Total Equity	Rs783.76 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
Shenzhen Kinwong Electronic Co Ltd SHG:603228	$10.11 Billion
JD LOGISTICS DL-000025 F:822	$10.12 Billion
TTM Technologies Inc NASDAQ:TTMI	$10.12 Billion
The AES Corporation NYSE:AES	$10.13 Billion
Posco International Corp KO:047050	$10.08 Billion
Barito Pacific Tbk JK:BRPT	$10.08 Billion
Skyverse Technology Co. Ltd. A SHG:688361	$10.07 Billion
Embraer S.A F:EMY	$10.07 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 2024 to 2025, total equity changed from 693,502,400,000 to 783,760,600,000, a change of 90,258,200,000 (13.0%).
Net income of 158,842,300,000 contributed positively to equity growth.
Dividend payments of 56,087,700,000 reduced retained earnings.
Other comprehensive income increased equity by 188,674,100,000.
Other factors decreased equity by 201,170,500,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rs158.84 Billion	+20.27%
Dividends Paid	Rs56.09 Billion	-7.16%
Other Comprehensive Income	Rs188.67 Billion	+24.07%
Other Changes	Rs-201.17 Billion	-25.67%
Total Change	Rs-	13.01%

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: 1.19x
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 19.52x to 1.19x 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	Rs354.30	x
2006-03-31	Rs15.83	Rs354.30	x
2007-03-31	Rs18.68	Rs354.30	x
2008-03-31	Rs25.61	Rs354.30	x
2009-03-31	Rs27.05	Rs354.30	x
2010-03-31	Rs47.98	Rs354.30	x
2011-03-31	Rs48.71	Rs354.30	x
2012-03-31	Rs56.23	Rs354.30	x
2013-03-31	Rs66.57	Rs354.30	x
2014-03-31	Rs79.00	Rs354.30	x
2015-03-31	Rs95.22	Rs354.30	x
2016-03-31	Rs109.73	Rs354.30	x
2017-03-31	Rs127.87	Rs354.30	x
2018-03-31	Rs136.23	Rs354.30	x
2019-03-31	Rs131.19	Rs354.30	x
2020-03-31	Rs134.42	Rs354.30	x
2021-03-31	Rs166.20	Rs354.30	x
2022-03-31	Rs194.87	Rs354.30	x
2023-03-31	Rs220.72	Rs354.30	x
2024-03-31	Rs263.37	Rs354.30	x
2025-03-31	Rs297.04	Rs354.30	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): 20.27%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 28.35%
• Asset Turnover: 0.09x
• Equity Multiplier: 7.84x
Recent ROE (20.27%) is above the historical average (19.30%), indicating improving 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

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: $36,896,520,071
Average return on equity (ROE) among peers: 9.93%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
REC Limited (RECLTD)	Rs829.22 Billion	20.68%	6.72x	$10.09 Billion
Akme Fintrade India Ltd (AFIL)	$1.30 Billion	0.00%	2.50x	$41.31 Million
Arman Financial Services Limited (ARMANFIN)	$392.47 Million	15.69%	2.49x	$169.77 Million
Baid Finserv Limited (BAIDFIN)	$108.03 Million	5.96%	2.17x	$19.08 Million
Bajaj Finance Limited (BAJFINANCE)	$48.00 Billion	18.71%	5.84x	$62.99 Billion
Capri Global Capital Limited (CGCL)	$13.83 Billion	9.81%	2.09x	$1.94 Billion
Cholamandalam Investment and Finance Company Limited (CHOLAFIN)	$195.93 Billion	17.46%	7.00x	$14.26 Billion
Cholamandalam Financial Holdings Limited (CHOLAHLDNG)	$39.31 Billion	10.79%	6.73x	$3.16 Billion
CREDITACCESS GRAMEEN LIMITED (CREDITACC)	$69.56 Billion	7.64%	3.00x	$2.25 Billion
CSL Finance Limited (CSLFINANCE)	$983.69 Million	13.27%	0.12x	$55.14 Million
DCM Financial Services Limited (DCMFINSERV)	$-453.82 Million	0.00%	0.00x	$1.13 Million

About REC Limited

NSE:RECLTD India Credit Services

Market Cap

$10.09 Billion

Rs932.95 Billion INR

Market Cap Rank

#2221 Global

#86 in India

Share Price

Rs354.30

Change (1 day)

-2.54%

52-Week Range

Rs305.10 - Rs426.20

All Time High

Rs637.07