REC Limited (earlier known as Rural Electrification Corporation Limited) is a Government of India-owned public sector enterprise providing financial assistance and technical support to the green energy sector in India. It was established in 1969 and is headquartered in New Delhi, India.
REC Limited primarily focuses on financing power projects in rural and semi-urban areas of India. The company provides financial assistance to various entities in the green energy sector including state electricity boards, power utilities, independent power producers, rural power cooperatives and private sector power companies.
According to market experts, the demand for renewable energy is expected to increase in the coming years. As the government’s focus is on reducing carbon emissions for a sustainable environment. So, the REC Limited share price target is expected to rise in the near future.
In recent times, there is a lot of interest in the stock market. Investors want to invest in various sectors and include them in their portfolios. REC Limited is one of them where investors are interested and want to know the share price target.
Today in this technical analysis, we will share REC Ltd share price targets for the years 2023, 2024, 2025 to 2030. The share price target is based on our experience, research and several technical analyses.
Fundamentals of REC Limited
The company offers a wide range of financial products and services such as term loans, working capital loans, bridge loans, refinance, debt restructuring, etc. Apart from financial support, REC Limited also provides technical support to its clients in areas such as project development, implementation and monitoring.
REC Limited is a major player in the Indian power sector and has financed several power projects in various states of India. The company is listed on the both National Stock Exchange and the Bombay Stock Exchange in India and has strong credit ratings from various rating agencies.
| Company Name | REC Limited |
| Industry | Finance Company |
| Country | India |
| Founded | 1969 |
| Primary Exchange | NSE /BSE |
| Traded Volume | 4,063,763 |
| Market Cap | ₹ 30321.00 |
| Revenue (yearly) | ₹ 38,929.00 Cr |
| Net Profit (FY2021-22) | ₹ 10,046 Cr |
| Net Profit Margin | 29.80% |
| EPS (TTM) | 39.51 |
| PE (TTM) | 2.93 |
| Dividend Yield | 13.29 |
| ROE | 21.11% |
| Debt to Equity | 6.50 |
| 52 Week Low | 82.24 |
| 52 Week High | 128.45 |
| Face Value | 10 |
| Official Website | www.recindia.nic.in |
REC Share Price History – Last 5 Years
As on date 26 March 2023, the share price is trading at around Rs 144 per share. In the last few months, the share price has been fluctuating. But, In the last year, the share price has seen a steady growth of more than 30%. Below is the share price history of REC Limited for the last 5 years.
| Year | Low | High |
|---|---|---|
| 2018 | 66.75 | 99.38 |
| 2019 | 86.66 | 127.16 |
| 2020 | 62.74 | 117.38 |
| 2021 | 91.61 | 126.64 |
| 2022 | 82.24 | 118.50 |
| 2023 | 128.45 | — |
REC share price growth prospects
REC Limited has shown steady growth in its revenue and net profit over the years. Renewable energy is becoming more popular in the world the demand is expected to increase in the coming years. This is more likely to increase the company’s market capitalization and share price. But, if we look at its 10-year history, it can average over long periods and expect an average return.
Shareholding pattern
| Promoters | 52.61% |
| Foreign Institutions | 21.49% (positive sign) |
| Domestic Institutions | 4.23% |
| Mutual Funds | 7.75% |
| Retail & Others | 13.92% |
REC share price target 2023, 2024, 2025 to 2030
REC Limited has shown steady financial growth over the years. Bankshala team has set different share price targets for this company. But, there are some market experts who believe that the company’s share price could reach Rs 230 in 2025, while others have set a more ambitious target of up to Rs 450 in the longer term by 2030.
Note: The following share price targets are not exact prices, they are predictions of future prices which may vary. Therefore, one should always do research and consult a financial advisor before investing.
2023
Based on our research and technical analysis, REC Limited has a minimum share price target of Rs 110.20 to Rs 125.40 in 2023. And at the end of the year, the maximum target price for the REC Ltd share will be Rs 125.70 to Rs 135.50.
- Minimum target price: Rs 110.20 to Rs 125.40
- Maximum target price: Rs 125.70 to Rs 135.50
2024
Based on our experience and technical analysis, the lowest share price target in 2024 would be Rs 130.20 to Rs 145.40. And in the middle of the year, the maximum target price for the REC Ltd share will be Rs 150.40 to Rs 165.20 by 2024.
- Minimum target price: Rs 130.20 to Rs 145.40
- Maximum target price: Rs 150.40 to Rs 165.20
2025
In 2025, as per our experience, research and forecast system, the lowest share price target will be Rs 170.50 to Rs 190.60. And at the end of the year, the maximum target price for the REC Limited share will be Rs 205.10 to Rs 230.30.
- Minimum target price: Rs 170.50 to Rs 190.60
- Maximum target price: Rs 205.10 to Rs 230.30
2026
In 2026, the lowest share price target would be Rs 225.70 to Rs 255.40 based on our research and technical analysis. And in the mid of 2026, the maximum target price for the REC Ltd share could be Rs 265.30 to Rs 285.20.
- Minimum target price: Rs 225.70 to Rs 255.40
- Maximum target price: Rs 265.30 to Rs 285.20
2028
Based on our research, history and technical analysis, a minimum share price target will be Rs 320.60 to Rs 345.20. And at the end of 2026, the maximum target price for the REC Ltd share could be Rs 365.20 to Rs 385.50.
- Minimum target price: Rs 320.60 to Rs 345.20
- Maximum target price: Rs 365.20 to Rs 385.50
2030
In 2030, with our experience, research and forecast system, the minimum share price target will be Rs 385.20 to Rs 405.50. And at the end of the year, the maximum target price for REC shares will be Rs 425.20 to Rs 455.40.
- Minimum target price: Rs 385.20 to Rs 405.50
- Maximum target price: Rs 425.20 to Rs 455.40
Risk Factors
There are certain risk factors associated with REC Limited as it is a public sector company. The company has shown average steady growth over the years. But the following risk factors may always be there.
- Changes in government policies can affect the stock of the company.
- Sometimes, the management system is responsible for the development of the company. If found weak then it can affect the stock.
- Global crises have always been with the company and we must consider them.
- The share price always depends on the market trend, such that it can be affected by the decrease in demand.
FAQs
A: The current share price of REC Limited is Rs 115.05 in 2023.
A: REC share has a maximum price target of Rs 205.10 to Rs 230.30 during 2025.
A: The stock has given steady performance over the years. Therefore, REC Ltd price may marginally increase in the near term, but in the long term, it has huge growth potential and can expect good returns.
A: REC Limited share has a maximum price target of Rs 425.20 to Rs 455.40 during 2030.
Disclaimer: The share price targets on our website (bankshala.com) are for general information only. We are not SEBI-registered financial advisors and no part of the website content provided by us should be considered financial advice. Before investing in any company you should do your own research, analyze and consult your financial advisor before taking any decision.
