In this article, we will try to analyze the REC Limited share price target for 2024, 2025, 2026, 2027, 2028, 2029, and 2030 based on the company’s financials and various reports from research and brokerage firms.
REC Limited provides financial backing to state, central, and private companies for long-term loans and other financial products for infrastructure assets in the country.
Table of Contents
Recent News-
REC Limited has declared its financial results for Q4 and 12M for FY24 on April 30, 2024.
REC Limited has announced the final dividend of Rs 5 per share.
REC Limited has declared its highest ever annual net profit at Rs 14,019 crore for FY24.
The loan book of the company has increased by 17% to 5.09 lakh crores as of March 31, 2024, as against Rs 4.35 lakh crores as of March 31, 2023.
Quarterly Results-
| Quarter 4 FY24 | Quarter 4 FY23 | Outcome | |
|---|---|---|---|
| Revenue from operations | 12,613 cr | 10,113 cr | up 25% |
| Total Income | 12,643 cr | 10,124 cr | up 25% |
| Net interest income | 4,407 cr | 3,409 cr | up 29% |
| Net profit | 4,016 cr | 3,001 cr | up 34% |
| Total Comprehensive Income | 5,183 cr | 3,645 cr | up 42% |
| Return on net worth | 24.06% | 21.34% | up 13% |
Annual Financial Highlight-
| | FY24 | FY23 | Outcome |
|---|---|---|---|
| Revenue from operations | 47,146 cr | 39,208 cr | up 20% |
| Total Income | 47,214 cr | 39,253 cr | up 20% |
| Net interest income | 16,167 cr | 13,714 cr | up 18% |
| Net profit | 14,019 cr | 11,055 cr | up 27% |
| Total Comprehensive Income | 15,063 cr | 10,084 cr | up 49% |
| Return on net worth | 22.17% | 20.35% | up 9% |
| Market Capitalization | 1,18,757 cr | 30,400 cr | up 290% |
Company Overview-
REC Limited is a ‘Maharatna’ company incorporated in 1969 with the purpose of energize agricultural pump sets for irrigation purposes and reducing the dependency of agriculture on monsoons.
REC Limited evolved with time and expanded its financing mandate to cover the entire power-infrastructure sector, from generation of power to distribution of power.
REC Limited has also expanded its specialization in infrastructure like roads, expressways, metro rail, and airports, as well as social and commercial infrastructure.
Financials-
| Market Cap | 1,33,570 |
| P/E Ratio | 9.44 |
| Industry P/E | 19.04 |
| Debt to Equity | 6.42 |
| Return on Equity | 20.40% |
| Dividend Yield | 3.15% |
Net-profit margin-
In FY25 company has reported it’s gross revenue of Rs 47,571 Cr and profit Rs 14,145 Cr.
| Year | Revenue | Profit |
|---|---|---|
| 2024 | 47,571 | 14,145 |
| 2023 | 39,520 | 11,167 |
| 2022 | 39,339 | 10,036 |
| 2021 | 35,576 | 8,378 |
| 2020 | 30,007 | 4,972 |
| 2019 | 25,431 | 5,741 |
Share-holding Pattern-
| Mar’24 | Dec’23 | Sep’23 | Jun’23 | Mar’23 | |
|---|---|---|---|---|---|
| Promoters | 52.63% | 52.63% | 52.63% | 52.63% | 52.63% |
| Foreign Institutions | 19.92% | 20.60% | 20.36% | 21.90% | 21.51% |
| Retail | 12.01% | 12.60% | 14.01% | 13.45% | 13.98% |
| Mutual Funds | 9.49% | 8.32% | 8.74% | 7.13% | 7.33% |
| Domestic Institutions | 5.96% | 5.84% | 4.26% | 4.89% | 4.54% |
Share price targets for REC Limited are highly speculative and influenced by numerous factors, such as market conditions, economic indicators, company performance, industry trends, and many more.
But we will predict the REC Limited share price target in 2024, 2025, 2026, 2027, 2028, 2029, and 2030 by analyzing the previous performance and after studying various brokerage and research firm forecasts.
REC Limited share price target: 2024
| 2024 | Minimum share price | Maximum share price |
|---|---|---|
| January 2024 | x | x |
| February 2024 | x | x |
| March 2024 | x | x |
| April 2024 | x | x |
| May 2024 | X | X |
| June 2024 | X | X |
| July 2024 | X | X |
| August 2024 | X | X |
| September 2024 | X | X |
| October 2024 | 504 | 622 |
| November 2024 | 527 | 635 |
| December 2024 | 548 | 648 |
- Minimum share price target of REC Limited for 2024 – 420 INR
- Maximum share price target of REC Limited for 2024 – 648 INR
- Average share price target of REC Limited for 2024 – 550 INR
REC Limited Share price target prediction for 2024 is based on the company’s financials, previous trends, and various brokerage firm reports.
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REC Limited share price target 2025
| 2025 | Minimum share price | Maximum share price |
|---|---|---|
| January 2025 | 537 | 642 |
| February 2025 | 552 | 656 |
| March 2025 | 565 | 685 |
| April 2025 | 578 | 672 |
| May 2025 | 585 | 674 |
| June 2025 | 598 | 717 |
| July 2025 | 613 | 708 |
| August 2025 | 628 | 724 |
| September 2025 | 642 | 735 |
| October 2025 | 633 | 749 |
| November 2025 | 658 | 763 |
| December 2025 | 664 | 775 |
- Minimum share price target of REC Limited for 2025 – 537 INR
- Maximum share price target of REC Limited for 2025 – 775 INR
- Average share price target of REC Limited for 2025 – 633 INR
REC Limited Share price target prediction for 2025 is based on the company’s financials, previous trends, and various brokerage firm reports.
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REC Limited share price target 2026
| 2026 | Minimum share price | Maximum share price |
|---|---|---|
| January 2026 | 650 | 755 |
| February 2026 | 673 | 768 |
| March 2026 | 684 | 772 |
| April 2026 | 696 | 784 |
| May 2026 | 705 | 796 |
| June 2026 | 717 | 815 |
| July 2026 | 735 | 822 |
| August 2026 | 748 | 836 |
| September 2026 | 763 | 845 |
| October 2026 | 775 | 866 |
| November 2026 | 804 | 878 |
| December 2026 | 795 | 900 |
- Minimum share price target of REC Limited for 2026 – 650 INR
- Maximum share price target of REC Limited for 2026 – 900 INR
- Average share price target of REC Limited for 2026 – 765 INR.
REC Limited Share price target prediction for 2026 is based on the company’s financials, previous trends, and various brokerage firm reports.
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REC Limited share price target 2027
| 2027 | Minimum share price | Maximum share price |
|---|---|---|
| January 2027 | 800 | 910 |
| February 2027 | 822 | 926 |
| March 2027 | 848 | 945 |
| April 2027 | 855 | 958 |
| May 2027 | 877 | 976 |
| June 2027 | 890 | 997 |
| July 2027 | 912 | 1010 |
| August 2027 | 928 | 1022 |
| September 2027 | 944 | 1047 |
| October 2027 | 935 | 1080 |
| November 2027 | 966 | 1075 |
| December 2027 | 985 | 1110 |
- Minimum share price target of REC Limited for 2027 – 800 INR
- Maximum share price target of REC Limited for 2027 – 1110 INR
- Average share price target of REC Limited for 2027 – 950 INR
REC Limited Share price target prediction for 2027 is based on the company’s financials, previous trends, and various brokerage firm reports.
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REC Limited share price target 2028
| 2028 | Minimum share price | Maximum share price |
|---|---|---|
| January 2028 | 970 | 1080 |
| February 2028 | 995 | 1115 |
| March 2028 | 1013 | 1154 |
| April 2028 | 1045 | 1205 |
| May 2028 | 1066 | 1235 |
| June 2028 | 1095 | 1258 |
| July 2028 | 1142 | 1285 |
| August 2028 | 1154 | 1305 |
| September 2028 | 1185 | 1333 |
| October 2028 | 1233 | 1368 |
| November 2028 | 1286 | 1388 |
| December 2028 | 1344 | 1435 |
- Minimum share price target of REC Limited for 2028 – 970 INR
- Maximum share price target of REC Limited for 2028 – 1435 INR
- Average share price target of REC Limited for 2028 – 1120 INR
REC Limited Share price target prediction for 2028 is based on the company’s financials, previous trends, and various brokerage firm reports.
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REC Limited share price target 2029
| 2029 | Minimum share price | Maximum share price |
|---|---|---|
| January 2029 | 1357 | 1480 |
| February 2029 | 1385 | 1510 |
| March 2029 | 1444 | 1545 |
| April 2029 | 1486 | 1594 |
| May 2029 | 1518 | 1622 |
| June 2029 | 1550 | 1667 |
| July 2029 | 1596 | 1723 |
| August 2029 | 1625 | 1736 |
| September 2029 | 1649 | 1785 |
| October 2029 | 1709 | 1820 |
| November 2029 | 1758 | 1845 |
| December 2029 | 1795 | 1885 |
- Minimum share price target of REC Limited for 2029 – 1357 INR
- Maximum share price target of REC Limited for 2029 – 1885 INR
- Average share price target of REC Limited for 2029 – 1550 INR
REC Limited Share price target prediction for 2029 is based on the company’s financials, previous trends, and various brokerage firm reports.
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REC Limited share price target 2030
| 2030 | Minimum share price | Maximum share price |
|---|---|---|
| January 2030 | 1820 | 1905 |
| February 2030 | 1865 | 1956 |
| March 2030 | 1884 | 1988 |
| April 2030 | 1910 | 2010 |
| May 2030 | 1956 | 2001 |
| June 2030 | 2005 | 2050 |
| July 2030 | 2047 | 2115 |
| August 2030 | 2164 | 2190 |
| September 2030 | 2275 | 2304 |
| October 2030 | 2367 | 2410 |
| November 2030 | 2444 | 2525 |
| December 2030 | 2579 | 2645 |
- Minimum share price target of REC Limited for 2030 – 1810 INR
- Maximum share price target of REC Limited for 2030 – 2645 INR
- Average share price target of REC Limited for 2030 – 2255 INR
REC Limited Share’s price target prediction for 2030 is based on the company’s financials, previous trends, and various brokerage firm reports.
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Strength of REC Limited
REC Limited has delivered good profit growth of 19.8% CAGR over the last 5 years.
The company has been maintaining a healthy dividend payout of 29.9%.
The company’s working capital requirements have been reduced from 45.5 days to 33.8 days.
Weaknesses of REC Limited
The company has a low interest coverage ratio.
The company might be capitalizing on internet costs.
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Competitor
| Company | Market Cap | P/E Ratio |
|---|---|---|
| IRFC | 205502 | 34.03 |
| PFC | 145715 | 7.75 |
| IREDA | 47909 | 38.26 |
| IFCI | 11327 | |
| TFC | 1611 | 16.86 |
Conclusion
REC Limited has given strong financials in Q4 and also for FY24, which is defining the path that this company is going to take in the coming years. The company has reported its all time high revenue and profit.
RECL has diversified its business, which is a future-centric approach. If we look at the future of the country, the government of India is focusing on the development of infrastructure and the railway network.
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Disclaimer: I am not a SEBI-registered investment adviser or research analyst. The information shared is only for educational purposes. This is not investment advice.
FAQs-
Is REC Limited a good buy?
REC Limited has delivered fantastic Quarter 4 and FY24 result. Currently REC is trading at its all time high share price.
Is REC Limited delivering a dividend?
Yes! REC Limited delivers consistently dividend payout to its investors. REC has dividend yield of 3.15%.
Is REC a debt free company?
REC has debt to equity ratio 6.42.