In this article, we will discuss the future of NSE: REC Share Price target 2025-2050. The Government of India owns REC Limited, a central public sector enterprise in India.
In India, the firm offers financing for rural electrification initiatives. The PSU offers loans to the countryโs State Electricity Boards, Private Power Developers, NGOs, Rural Electric Cooperatives, and Central/State Sector Power Utilities.
REC-funded projects
Leading infrastructure financier REC has a net worth of more than 1,18,706 crores (as of 1st April 2024). REC business activities include funding initiatives across the whole value chain of the electricity sector, including generation, transmission, and distribution.
Through itsย broad network of 22 offices around the nation, RECย offersย financial support to state energy boards, state governments, central/state power utilities, independent power producers, rural electric cooperatives, and private sector utilities.
The many project categories that REC funds are as follows:
1. Project requiring a Loan for Generation
- constructing new power plants using conventional energy sources, such as thermal and gas, as well as related projects like the expansion of coal mines
- Renovating a modernizing (R&M) existing power plants that use conventional energy sources
- construction of power plants utilizing renewable energy sources, such as solar, wind, small hydro, biomass, and hydro production projects.
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2. Credit for transmission projects
- Power evacuation from newly constructed power plants and strengthening/improving the current transmission system in the defined locations
3 Loan for Projects in Distribution
- Power sub-transmission and distribution system in the defined locations to be strengthened and improved
- Rural areasโ transition from the Low Voltage Distribution System (LVDS) to the High Voltage Distribution System (HVDS)
- purchase of tools and supplies for enhancing/improving T&D systems
- to connect rural consumers in previously electrified areas, intensive load development
- construction of electrical infrastructure to power farm pump sets
4. Short-term loans and long-term loans
- Working capital is needed for things like buying electricity, buying supplies and small equipment, buying fuel for a power plant, maintaining systems and networks, fixing transformers, etc.
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REC Company Overview
| Company Name | Rural Electrification Corporation Limited |
| Share/Stock Price | โน 460.55 (as of 1-April-2024) |
| Founded | 1969 |
| official website | www.recindia.nic.in |
| Revenue | โน 39,520 crores (2023) |
| Head Quarter | New Delhi, India |
| Market Cap | โน 1,18,706ย crores |
| 52 Week Low/High | โน 113.80/โน 524.00 |
NSE: REC Share Fundamentals
| Market Cap | โน 1,18,706 Cr. | ROE | 20.11% |
| P/E Ratio (TTM) | 9.04 | EPS (TTM) | 49.87 |
| P/B Ratio | 1.82 | Dividend Yield | 2.80% |
| Industry P/E | 18.90 | Book Value | 247.95 |
| Debt to Equity | 6.74 | Face Value | 10 |
NSE: REC Share Financials
| Year | Revenue | Profit | Net Worth |
| 2023 | โน 39,520 Cr | โน 11,167 Cr | โน 58,121 Cr |
| 2022 | โน 39,339 Cr | โน 10,036 Cr | โน 51,314 Cr |
| 2021 | โน 35,576 Cr | โน 8,378 Cr | โน 43,764 Cr |
| 2020 | โน 30,007 Cr | โน 4,972 Cr | โน 35,396 Cr |
| 2019 | โน 25,431 Cr | โน 5,741 Cr | โน 34,546 Cr |
NSE: REC Shareholding Patterns
The shareholding pattern of REC Share is as follows:
| Retail Holding | 12.60% |
| Promoters Holding | 52.63% |
| Foreign Institutions Holding | 20.60% |
| Other Domestic Institutions Holding | 5.84% |
| Mutual Funds Holding | 8.32% |
The shareholding structure may change over time, Therefore, itโs important to remember that the information above is taken from Groww.
Table of REC Share Price Target 2025-2050
| Target Year | 1stย Target | 2ndย Target |
| 2024 | โน 550 | โน 750 |
| 2025 | โน 700 | โน 1,000 |
| 2026 | โน 900 | โน 1,300 |
| 2027 | โน 1,200 | โน 1,700 |
| 2028 | โน 1,500 | โน 2,300 |
| 2029 | โน 2,100 | โน 3,000 |
| 2030 | โน 2,800 | โน 4,000 |
| 2035 | โน 7,000 | โน 8,000 |
| 2040 | โน 12,000 | โน 15,000 |
| 2050 | โน 25,000 | โน 30,000 |
Also Read: IOC Share Price | IOC Share Price Target 2023 2024 2025 2030
What will be the REC Share Price Target 2024
For the share price of REC in 2024, we project a minimum target of โน 550ย and a maximum target ofย โน 750.
REC Share Price Target 2024โ as Follow :-
| Target Year | 1stย Target | 2ndย Target |
| 2024 | โน 550 | โน 750 |
What will be the REC Share Price Target 2025
For the share price of REC in 2025, we project a minimum target of โน 700ย and a maximum target ofย โน 1,000.
REC Share Price Target 2025โ as Follow :-
| Target Year | 1stย Target | 2ndย Target |
| 2025 | โน 700 | โน 1,000 |
What will be the REC Share Price Target 2026
For the share price of REC in 2026, we project a minimum target of โน 900ย and a maximum target ofย โน 1,300.
REC Share Price Target 2026 is as follows โ
| Target Year | 1stย Target | 2ndย Target |
| 2026 | โน 900 | โน 1,300 |
What will be the REC Share Price Target 2027
For the share price of REC in 2027, we project a minimum target of โน 1,200ย and a maximum target ofย โน 1,700.
REC Share Price Target 2027 is as follows โ
| Target Year | 1stย Target | 2ndย Target |
| 2027 | โน 1,200 | โน 1,700 |
What will be the REC Share Price Target 2028
For the share price of REC in 2028, we project a minimum target of โน 1,500ย and a maximum target ofย โน 2,300.
REC Share Price Target 2028 is as follows โ
| Target Year | 1stย Target | 2ndย Target |
| 2028 | โน 1,500 | โน 2,300 |
What will be the REC Share Price Target 2029
For the share price of REC in 2029, we project a minimum target of โน 2,100ย and a maximum target ofย โน 3,000.
REC Share Price Target 2029 is as follows โ
| Target Year | 1stย Target | 2ndย Target |
| 2029 | โน 2,100 | โน 3,000 |
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What will be the REC Share Price Target 2030
For the share price of REC in 2030, we project a minimum target of โน 2,800ย and a maximum target ofย โน 4,000.
REC Share Price Target 20350 as Follow :-
| Target Year | 1stย Target | 2ndย Target |
| 2030 | โน 2,800 | โน 4,000 |
What will be the REC Share Price Target 2035
For the share price of REC in 2035, we project a minimum target of โน 7,000ย and a maximum target ofย โน 8,000.
REC Share Price Target 2035 is as follows โ
| Target Year | 1stย Target | 2ndย Target |
| 2035 | โน 7,000 | โน 8,000 |
What will be the REC Share Price Target 2040
For the share price of REC in 2040, we project a minimum target of โน 12,000ย and a maximum target ofย โน 15,000.
REC Share Price Target 2040 is as follows โ
| Target Year | 1stย Target | 2ndย Target |
| 2040 | โน 12,000 | โน 15,000 |
What will be the REC Share Price Target 2050
For the share price of REC in 2050, we project a minimum target of โน 25,000ย and a maximum target ofย โน 30,000.
REC Share Price Target 2050 is as follows โ
| Target Year | 1stย Target | 2ndย Target |
| 2050 | โน 25,000 | โน 30,000 |
Also Read: Wipro Share Price Target 2025, 2030, 2035, 2040, 2050
Conclusion
In conclusion, Rural Electrification Corporation Limited (REC) is a central public sector enterprise in India that provides loans for electrification projects in rural areas.
With a net worth of over 1,18,706 crores and a wide network of offices, REC offers financial support to various entities in the electricity sector, including state energy boards, independent power producers, and private sector utilities.
It is important to note that these projections are only provided as a guide and are contingent upon good market sentiment. Before investing in any stocks, one must conduct research.
F.A.Q.:-
What is the REC shareโs outlook?
On 2024-04-01, the REC Ltd. quotation is worth โน 460.55 Indian rupees. Our projections indicate that the price of โRECLTDโ stock will increase over the long run.
Is REC a governmental agency?
Under the Ministry of Power, REC is a Maharatna Central Public Sector Undertaking. With a net worth of more than 1,18,706 crores, it is a top infrastructure finance firm (as on 1st April 2024).
rec share price dividend
REC pays 2.80% dividends every year for its investors.
