PFC vs REC vs IREDA: Which Stock Should You Track
- September 28, 2026
- Posted by: Ankit Jaiswal
- Category: Market
Power Finance Corporation PE 3.32, mkt cap Rs 1,11,774 crore. REC Limited PE 5.12, mkt cap Rs 82,104 crore. IREDA PE 16.20, mkt cap Rs 31,857 crore.
Quick Answer
Power Finance Corporation vs REC Limited vs IREDA is a side-by-side comparison of three companies from the PSU Infrastructure Finance space. On this comparison, Power Finance Corporation carries a market capitalisation of about Rs 1,11,774 crore against Rs 82,104 crore for REC Limited and Rs 31,857 crore for IREDA, with return on equity of 18.22%, 19.17% and 13.59% respectively. Each company’s numbers are presented here without a declared better pick, since the right stock depends on an investor’s own criteria.
Power Finance Corporation vs REC Limited vs IREDA starts with the core numbers most investors compare within the PSU Infrastructure Finance segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.
All three names sit in the PSU Infrastructure Finance bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.
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Power Finance Corporation, REC Limited and IREDA: Company Overview
Power Finance Corporation is a listed Indian company in the PSU Infrastructure Finance space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
REC Limited is a listed Indian company in the PSU Infrastructure Finance space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
IREDA is a listed Indian company in the PSU Infrastructure Finance space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Power Finance Corporation vs REC Limited vs IREDA: Valuation and Profitability Snapshot
| Metric | Power Finance Corporation | REC Limited | IREDA |
|---|---|---|---|
| Market Cap (approx.) | Rs 1,11,774 crore | Rs 82,104 crore | Rs 31,857 crore |
| PE Ratio (TTM) | 3.32 | 5.12 | 16.20 |
| PB Ratio | 0.78 | 0.97 | 2.31 |
| Return on Equity (ROE) | 18.22% | 19.17% | 13.59% |
| EPS (TTM, Rs) | 101.94 | 60.90 | 7.00 |
| Dividend Yield | 5.48% | 5.95% | 1.19% |
| Debt to Equity | 7.00 | 6.05 | 5.65 |
| Book Value per Share (Rs) | 433.11 | 320.88 | 49.07 |
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On valuation, Power Finance Corporation trades at a PE of 3.32 and a PB of 0.78, REC Limited at a PE of 5.12 and a PB of 0.97, while IREDA trades at a PE of 16.20 and a PB of 2.31. On return on equity, the three post 18.22%, 19.17% and 13.59% respectively, and on dividend yield they stand at 5.48%, 5.95% and 1.19%.
Power Finance Corporation vs REC Limited vs IREDA: Latest Quarterly Results
| Company | Latest Quarter Revenue | Latest Quarter Net Profit | YoY Change (Revenue) | QoQ Change (Revenue) |
|---|---|---|---|---|
| Power Finance Corporation | Rs 28,563.17 crore | Rs 8,997.92 crore | -0.2% | -1.0% |
| REC Limited | Rs 14,469.49 crore | Rs 4,192.76 crore | -2.4% | -0.8% |
| IREDA | Rs 2,250.60 crore | Rs 338.53 crore | +14.8% | +3.2% |
Quarterly figures above are the most recent reported quarter for each company (Q1 FY27, quarter ended June 2026), compared with the year-ago and preceding quarter.
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What Should Investors Look at Beyond These Numbers?
Beyond the metrics above, investors comparing these three psu infrastructure finance names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.
Conclusion
Power Finance Corporation vs REC Limited vs IREDA highlights how differently three companies in the same psu infrastructure finance segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Power Finance Corporation vs REC Limited vs IREDA
What is the market cap difference between Power Finance Corporation, REC Limited and IREDA?
Ans. As of September 2026, Power Finance Corporation has a market cap of approximately Rs 1,11,774 crore, REC Limited is at approximately Rs 82,104 crore, and IREDA is at approximately Rs 31,857 crore.
Which of the three has the highest PE ratio?
Ans. Among Power Finance Corporation, REC Limited and IREDA, the PE ratios stand at 3.32, 5.12 and 16.20 respectively as of September 2026.
Which of the three has the highest ROE?
Ans. Power Finance Corporation, REC Limited and IREDA post ROE of 18.22%, 19.17% and 13.59% respectively as of September 2026.
Which of these three stocks pays the highest dividend yield?
Ans. Power Finance Corporation, REC Limited and IREDA carry dividend yields of 5.48%, 5.95% and 1.19% respectively.
What is the debt to equity ratio for Power Finance Corporation, REC Limited and IREDA?
Ans. Power Finance Corporation carries a debt to equity of 7.00, REC Limited of 6.05, and IREDA of 5.65.
Which of the three trades at the highest price to book value?
Ans. Power Finance Corporation, REC Limited and IREDA trade at price to book ratios of 0.78, 0.97 and 2.31 respectively.
Is one of Power Finance Corporation, REC Limited or IREDA better than the others?
Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.
