Company Valuation: REC Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 243,014 304,006 1,187,584 1,130,180 803,397 912,412 - -
Change - 25.1% 290.65% -4.83% -28.91% 13.57% - -
Enterprise Value (EV) 243,014 304,006 1,187,584 1,130,180 803,397 912,412 912,412 912,412
Change - 25.1% 290.65% -4.83% -28.91% 13.57% 0% 0%
P/E 2.42x 2.76x 8.49x 7.21x 4.94x 5.38x 5.14x 4.89x
PBR 0.48x 0.53x 1.73x 1.58x 0.95x 0.95x 0.84x 0.75x
PEG - 0.28x 0.3x 0.6x 1.36x 1.23x 1.1x 0.95x
Capitalization / Revenue 1.41x 1.96x 6.88x 5.26x 3.5x 3.9x 3.62x 3.29x
EV / Revenue 0x 0x 0x 0x 0x 3.9x 3.62x 3.29x
EV / EBITDA - - - - 0x 4.73x 4.33x 3.91x
EV / EBIT 0x 0x 0x 0x 0x 4.14x 3.84x 3.56x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 11.48 12.6 16 18 18.55 20.44 21.8 23.23
Rate of return 12.4% 10.9% 3.55% 4.19% 6.08% 5.9% 6.29% 6.71%
EPS 2 38.15 41.86 53.11 59.55 61.71 64.4 67.41 70.86
Distribution rate 30.1% 30.1% 30.1% 30.2% 30.1% 31.7% 32.3% 32.8%
Net sales 1 171,775 155,151 172,649 214,830 229,459 233,882 251,981 277,739
EBITDA 1 - - - - 209,410 192,936 210,857 233,175
EBIT 1 158,982 138,537 165,888 205,310 209,144 220,637 237,903 255,944
Net income 1 100,459 110,546 140,192 157,130 162,823 170,285 177,046 186,590
Net Debt - - - - - - - -
Reference price 2 92.29 115.45 451.00 429.20 305.10 346.50 346.50 346.50
Nbr of stocks (in thousands) 2,633,224 2,633,224 2,633,224 2,633,224 2,633,224 2,633,224 - -
Announcement Date 13/05/22 17/05/23 30/04/24 08/05/25 28/04/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
5.38x - - 5.9% 9.56B
155.25x - - -.--% 35.64B
1648.65x - - -.--% 17.69B
6.36x - - 4.66% 13.1B
12.42x4.38x14.87x3.72% 12.76B
12.8x - - 3.85% 12.1B
20.13x15.17x - 1.17% 8.25B
16.13x - - 2.51% 8B
9.54x8.88x18.99x4.88% 6.2B
Average 209.63x 9.48x 16.93x 2.96% 13.7B
Weighted average by Cap. 287.86x 8.68x 16.22x 2.2%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield