REC Share Price Target (2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030) | REC Limited Fundamentals, Financial Trends, Businesses and more
If you are searching for REC share price target and its share analysis, then you are at the right place.
In this article we are going to do a detailed analysis of the company. So after reading this article you will get to know many things about the REC Limited.
Hey friends, our team has done a great task and researched well about the REC Limited. First of all, we will talk about the company and its fundamentals after that we will look at the predicted REC Share Price Target. So stay tuned till the end of this blog, let’s get started.
About REC Limited
REC formerly known as Rural Electrification Corporation Limited, is PSU of the Government of India, which was incorporated in 1969 to finance and promote rural electrification projects. The company provides financial help to power sector projects, including renewable energy projects such as solar, biomass, wind and small hydro.
The company is one of the leading players in the Indian power sector and is primarily engaged in the business of financing power systems, including generation, transmission, and distribution systems. REC Limited provides financial to both public and private sector realities, and its guests include state electricity boards, private power generator, transmission companies, and distribution companies.
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REC Financial Trends
If we talk about the Revenue and Profit of REC Limited then –
Its revenue in 2019 has been ₹ 25,408 Cr and profit is ₹ 5,741 Cr. There was a revenue of ₹ 29,936 Cr in 2020 and a profit of ₹ 4,972 Cr. In the same 2021, there was a profit of ₹ 8,378 crore with a revenue of ₹ 34,983 Cr. And this year i.e. in 2022 there has been a higest profit of ₹ 10,036 Cr with a revenue of ₹ 38,929 Cr.
REC Share Price Target 2023, 2024, 2025, 2026, 2030 Table
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| REC Share Price Target 2023 | 120 | 130 |
| REC Share Price Target 2024 | 190 | 220 |
| REC Share Price Target 2025 | 305 | 315 |
| REC Share Price Target 2026 | 360 | 400 |
| REC Share Price Target 2027 | 470 | 490 |
| REC Share Price Target 2028 | 560 | 580 |
| REC Share Price Target 2029 | 605 | 635 |
| REC Share Price Target 2030 | 700 | 800 |
For more details about the REC Share, You can watch this video –
REC Share Price Target 2023
The company has given 10% returns in the last 6 months and 20% returns in the last 1 year (i.e. from February 2022 to February 2023) which is very good. The company is growing very well and it is believed that it will continue to grow in the future too. Keeping this in mind, REC Share Price Target 2023 will be ₹120 and maximum price can be 130. Well, if you invest in this stock for long term then it is quite possible that your money will be double.
REC Share Price Target 2024
Being a large cap stock, the fundamentals of the company are very strong. Its P/E ratio is 2.93, which is much less than its competitor and is considered good. Its EPS is 40 and its ROE is 21% which is good and also the company gives very good dividend and its Dividend Yield is 10.25% which is too good. Considering these, the minimum and maximum REC Share Price Target 2024 will be ₹190 and ₹220 respectively.
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REC Share Price Target 2025
REC Share Price Target 2025 will be ₹305 and the maximum price can be ₹315. Because its financials are very good and it is continuously booking profit every year. The company has got the highest profit of 10,036 crores in 2022, which is very good, as well as its revenue and net worth are increasing very fast.
REC Share Price Target 2030
Due to the good financials and fundamentals of the company, investors’ trust is very high in it. But the bad thing about the company is that REC Limited has a very high debt to ₹ 358,930 Crore and debt to equity is 6.59. And the high debt of the company is a matter of concern. Although the management is trying its best to reduce the debt.
Keeping these in mind, REC Share Price Target 2030 will be ₹700 and maximum price can be ₹800. And if the company maintains its fundamentals well, then it is possible that we will see good returns in the future.
Conclusion
It is being claimed that its stock may see a jump in the coming years. While Investing, keep in mind that its fundamentals plus financial condition is not so good right now. If you want more information about this then you can ask by commenting. So see you with another new article.
We tried to know as much as possible about REC Limited in this post. Even though the fundamentals of REC Limited are not so good but the financial trends are good, and this company is passionate about performing well in the future.
FAQs
Is REC Limited a debt free company?
No, at present REC Limited has a debt of ₹ 358,930 crore.
What will be the share price of REC Limited in 2025?
There is quite probability of the REC share price which we will get to see in 2025 will be INR305 or more than this.
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