Indian Railway Finance Corporation Limited vs REC Limited
An objective side-by-side of IRFC and RECLTD, both in Finance - Term-Lending Institutions: valuation, profitability, growth, balance sheet, ownership and share-price performance. Where one number is clearly better on its own terms (lower P/E, higher ROE), it is shaded. That is a description, not a recommendation.
Prices as of 2026-09-21 close
Latest results: IRFC Jun 2026 · RECLTD Jun 2026
At a glance
- Indian Railway Finance Corporation Limited is the larger company by market value, about 1.3 times the size of REC Limited.
- On trailing earnings, REC Limited trades at the lower P/E (5.1 against 14.6).
- REC Limited earns the higher return on equity (18.9% against 12.7%).
- Over three years REC Limited has grown profits faster (13% a year against 3%).
- Over the past year the share prices returned -37.4% (IRFC) and -18.0% (RECLTD).
| Metric | Indian Railway IRFC |
REC RECLTD |
|---|---|---|
| Size and price | ||
| Market cap | ₹104,836 Cr | ₹81,683 Cr |
| Share price | ₹80.22 | ₹310.20 |
| Valuation | ||
| P/E | 14.58 | 5.09 |
| P/B | 1.85 | 0.96 |
| PEG | 4.86 | 0.39 |
| Dividend yield | 2.6% | 5.8% |
| Profitability | ||
| ROE | 12.7% | 18.9% |
| Operating margin | 19.3% | 27.4% |
| Sales (TTM) | ₹28,811 Cr | ₹59,274 Cr |
| Net profit (TTM) | ₹7,190 Cr | ₹16,035 Cr |
| Growth | ||
| Latest quarter sales YoY | +21.3% | -2.4% |
| Latest quarter profit YoY | +10.4% | -6.1% |
| Sales CAGR 3Y | +5.0% | +15.0% |
| Profit CAGR 3Y | +3.0% | +13.0% |
| Sales CAGR 5Y | +12.0% | +11.0% |
| Profit CAGR 5Y | +10.0% | +14.0% |
| Ownership | ||
| Promoter holding | 84.7% | 52.6% |
| Promoter change (4 qtrs) | -1.71 pp | +0.00 pp |
| Price performance | ||
| Return 1M | -7.23% | -5.46% |
| Return 3M | -20.50% | -16.13% |
| Return 1Y | -37.42% | -18.03% |
| Return YTD | -35.63% | -13.06% |
| Technical condition | ||
| Technical score | 17 | 21 |
| RS rating (1-99) | 9.00 | 26.00 |
| % vs 200-DMA | -20.37% | -11.12% |
| RSI (14) | 35.03 | 35.00 |
| % from 52-week high | -41.52% | -20.56% |
