REC (BOM:532955) 3-Year Book Growth Rate : 16.60% (As of Mar. 2024)

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What is REC 3-Year Book Growth Rate?

REC's Book Value per Share for the quarter that ended in Mar. 2024 was ₹263.37.

During the past 12 months, REC's average Book Value per Share Growth Rate was 19.30% per year. During the past 3 years, the average Book Value per Share Growth Rate was 16.60% per year. During the past 5 years, the average Book Value per Share Growth Rate was 15.80% per year. During the past 10 years, the average Book Value per Share Growth Rate was 11.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

During the past 13 years, the highest 3-Year average Book Value per Share Growth Rate of REC was 37.40% per year. The lowest was 4.70% per year. And the median was 17.05% per year.

Competitive Comparison of REC's 3-Year Book Growth Rate

For the Credit Services subindustry, REC's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

REC's 3-Year Book Growth Rate Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, REC's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where REC's 3-Year Book Growth Rate falls into.

REC 3-Year Book Growth Rate Calculation

This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

REC (BOM:532955) 3-Year Book Growth Rate Explanation

Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.

REC 3-Year Book Growth Rate Related Terms

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REC (BOM:532955) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » REC Ltd (BOM:532955) » Definitions » 3-Year Book Growth Rate

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RECLTD:India

Address

Plot No. I-4, Sector 29, Gurugram, HR, IND, 122001

Website

https://www.recindia.nic.in

REC Ltd is a nonbanking financial company operating in India. The company's main objective is to finance and promote power sector projects on the subcontinent. REC provides loan assistance to numerous state power utilities, private sector project developers, central power sector utilities, and state governments. REC investments include power generation, power transmission, power distribution, and other system improvement initiatives. REC is also instrumental in implementing several initiatives spearheaded on behalf of the government of India, including rural electrification. The majority of its revenue derives from long-term financing.

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