REC Share Price Target Tomorrow, 2025, 2030, 2035, 2040: REC Limited is a big company in India that helps with electricity projects. It gives money and support to build and improve things like power plants, wires to carry electricity, and clean energy projects like solar and wind power. REC helps make sure more homes, villages, and cities in India can have electricity.
As of January 27, 2025, the REC share price on the NSE is ₹523. Below are the projected REC share price target for the years 2025, 2030, 2035 And 2040.
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REC Limited Company Overview
REC is a company that started in 1969. Its main office is in New Delhi, India. It works for the Ministry of Power, helping the government with programs like “Power for All” and “Deen Dayal Upadhyaya Gram Jyoti Yojana” to bring electricity to villages. REC is also listed on big stock markets and has earned “Navratna” status for being financially strong. The company focuses on new ideas, clean energy, and making sure everyone benefits. REC plays an important role in improving India’s power system and using renewable energy.
| Native name | REC Limited |
| Formerly | Rural Electrification Corporation Limited |
| Company type | Public Subsidiary |
| Traded as | BSE: 532955 NSE: RECLTD |
| Industry | Infrastructure finance |
| Founded | 25 July 1969; 55 years ago New Delhi, Delhi, India |
| Headquarters | Core-4, SCOPE Complex, 7, Lodhi Road, New Delhi, India |
| Area served | India |
| Key people | Vivek Kumar Dewagan (CMD) |
| Revenue | ₹47,571.23 crore (US$5.7 billion) (2024) |
| Operating income | ₹17,959.94 crore (US$2.2 billion) (2024) |
| Net income | ₹14,145.46 crore (US$1.7 billion) (2024) |
| Total assets | ₹548,191.09 crore (US$66 billion) (2024) |
| Total equity | ₹69,350.25 crore (US$8.3 billion) (2024) |
| Owner | Power Finance Corporation |
| Number of employees | 487 (March 2019) |
| Subsidiaries | REC Transmission Projects Company Limited (RECTPCL) REC Power Distribution Company Limited (RECPDCL) |
| Website | https://recindia.nic.in/ |
Technical Analysis for REC Ltd.
REC Share Price Target For 2025
By 2025, it is expected that REC’s stock price will reach ₹705 as the first goal and ₹812 as the second goal. This is because REC is becoming more important in India’s energy industry. The government is working on providing electricity to villages and building new infrastructure, and REC will help fund these projects. Better management of its debt and higher profits will also make investors feel more confident, which will help the stock price go up.
| Year | 1st Target | 2nd Target |
| 2025 | ₹705 | ₹812 |
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REC Share Price Forecast For 2026
In 2026, REC’s share price is expected to reach ₹935 first and then go up to ₹1,024. The company is working hard to improve its finances and grow its renewable energy business, which will help it succeed. Also, good government policies and the growing need for energy could help REC keep growing and create value for its investors.
| Year | 1st Target | 2nd Target |
| 2026 | ₹935 | ₹1024 |
REC Stock Price Target For 2027
By 2027, the REC share price is predicted to reach ₹1,085 as the first target and ₹1,290 as the second target. This reflects the organization’s consistent efforts in scaling its operations and tapping into emerging energy markets. The emphasis on renewable energy investments and strategic partnerships will likely enhance its market presence, further driving investor trust.
| Year | 1st Target | 2nd Target |
| 2027 | ₹1085 | ₹1290 |
REC Stock Price Forecast For 2028
In 2028, REC’s share price is forecasted to hit ₹1,455 as the first target and ₹1,625 as the second target. As India accelerates its energy transition, REC’s financing capabilities will remain central to executing major projects. The company’s innovative approach and technological adoption are expected to further solidify its market leadership, boosting its valuation.
| Year | 1st Target | 2nd Target |
| 2028 | ₹1455 | ₹1625 |
REC Share Price Target For 2029
REC’s share price in 2029 is expected to reach ₹1,865 as the first target and ₹2,048 as the second target. This growth is attributed to REC’s ongoing efforts to capitalize on emerging opportunities in the energy sector. Enhanced operational efficiencies and robust earnings growth will likely attract long-term investors, fueling the stock’s performance.
| Year | 1st Target | 2nd Target |
| 2029 | ₹1865 | ₹2048 |
REC Stock Price Target For 2030
By 2030, REC’s stock price is expected to reach ₹2,195 as the first goal and ₹2,580 as the second goal. This shows that REC is doing really well in helping fund energy projects and is good at adjusting to changes in the industry. With strong support from the government and smart ways of financing, REC is likely to become even more successful.
| Year | 1st Target | 2nd Target |
| 2030 | ₹2195 | ₹2580 |
REC Share Price Target For 2035
In 2035, it’s expected that REC’s share price will reach ₹3,875 as the first goal and ₹4,196 as the second goal. REC is focusing on being eco-friendly and investing in clean energy. This will help them stay important in India’s energy industry. They are also looking to grow in new areas and keep coming up with new ideas, which will help them grow in the long run.
| Year | 1st Target | 2nd Target |
| 2035 | ₹3875 | ₹4196 |
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REC Share Price Target For 2040
By 2040, it’s expected that REC’s share price will reach ₹6,685 as the first goal and ₹7,030 as the second goal. In the future, REC will play an important part in improving India’s energy systems and help with renewable energy projects. This will make it a leader in the market. The company is strong and able to adjust to changes in global energy, which will help it reach these big goals.
| Year | 1st Target | 2nd Target |
| 2040 | ₹6685 | ₹7030 |
REC Share Price Forecast From 2025 To 2040
| Year | Year High Target (₹) | Year Low Target (₹) |
| 2024 | ₹645 | ₹425 |
| 2025 | ₹812 | ₹499 |
| 2026 | ₹1024 | ₹629 |
| 2027 | ₹1290 | ₹793 |
| 2028 | ₹1625 | ₹999 |
| 2029 | ₹2048 | ₹1259 |
| 2030 | ₹2580 | ₹1687 |
| 2035 | ₹4196 | ₹1940 |
| 2040 | ₹7030 | ₹3580 |
REC Ltd Fundamentals
| Metric | Value |
| Market Cap | ₹1,33,294 Cr |
| P/E Ratio (TTM) | 8.95 |
| P/B Ratio | 1.81 |
| Industry P/E | 18.02 |
| Debt to Equity | 6.58 |
| ROE | 20.25% |
| EPS (TTM) | 56.53 |
| Dividend Yield | 3.16% |
| 52 Week High | 654 |
| 52 Week Low | 331 |
| Book Value | 279.16 |
| Face Value | 10 |
REC Ltd Financial Results
| All in Cr. | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM |
| Sales | 35,557 | 39,276 | 39,486 | 47,517 | 51,490 |
| Expenses | 3,292 | 4,838 | 1,858 | -366 | 630 |
| Operating Profit | 32,265 | 34,438 | 37,628 | 47,883 | 50,860 |
| OPM % | 91% | 88% | 95% | 101% | 99% |
| Other Income | 15 | 62 | 28 | 48 | 87 |
| Interest | 21,489 | 22,051 | 23,733 | 29,948 | 32,075 |
| Depreciation | 11 | 18 | 24 | 24 | 24 |
| Profit before tax | 10,780 | 12,431 | 13,898 | 17,960 | 18,848 |
| Tax % | 22% | 19% | 20% | 21% | |
| Net Profit | 8,378 | 10,036 | 11,167 | 14,145 | 14,885 |
| EPS in Rs | 31.82 | 38.11 | 42.41 | 53.72 | 56.52 |
| Dividend Payout % | 30% | 30% | 30% | 30% |
| Compounded Sales Growth | Compounded Profit Growth | Stock Price CAGR | |||
| 10 Years: | 11% | 10 Years: | 12% | 10 Years: | 15% |
| 5 Years: | 13% | 5 Years: | 20% | 5 Years: | 37% |
| 3 Years: | 10% | 3 Years: | 19% | 3 Years: | 72% |
| TTM: | 20% | TTM: | 17% | 1 Year: | 50% |
| Return on Equity | |||||
| 10 Years: | 20% | ||||
| 5 Years: | 20% | ||||
| 3 Years: | 21% | ||||
| Last Year: | 22% | ||||
REC Ltd Balance Sheet
| All In Cr. | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 |
| Equity Capital | 1,975 | 1,975 | 2,633 | 2,633 | 2,633 |
| Reserves | 41,789 | 49,339 | 55,487 | 66,717 | 70,877 |
| Borrowings | 329,723 | 333,043 | 380,790 | 445,568 | 483,617 |
| Other Liabilities | 27,380 | 26,503 | 26,592 | 33,273 | 38,100 |
| Total Liabilities | 400,867 | 410,860 | 465,503 | 548,191 | 595,227 |
| Fixed Assets | 267 | 628 | 641 | 632 | 622 |
| CWIP | 336 | 6 | 3 | 24 | 49 |
| Investments | 1,981 | 2,190 | 3,170 | 5,352 | 6,790 |
| Other Assets | 398,282 | 408,035 | 461,689 | 542,184 | 587,766 |
| Total Assets | 400,867 | 410,860 | 465,503 | 548,191 | 595,227 |
REC Ltd Shareholding Pattern
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
| Promoters | 52.63% | 52.63% | 52.63% | 52.63% |
| FIIs | 20.60% | 19.91% | 20.43% | 21.22% |
| DIIs | 14.16% | 15.44% | 14.68% | 14.25% |
| Government | 0.04% | 0.05% | 0.05% | 0.05% |
| Public | 12.55% | 11.96% | 12.21% | 11.84% |
| No. of Shareholders | 6,89,192 | 7,70,808 | 10,33,684 | 10,40,888 |
REC Ltd Dividend History
| Ex-Date | Dividend Amount | Dividend Type | Record Date |
| 08 Nov 2024 | 4 | INTERIM | 08 Nov 2024 |
| 09 Aug 2024 | 3.5 | INTERIM | 09 Aug 2024 |
| 28 Jun 2024 | 5 | FINAL | 28 Jun 2024 |
| 28 Mar 2024 | 4.5 | INTERIM | 28 Mar 2024 |
| 13 Nov 2023 | 3.5 | INTERIM | 13 Nov 2023 |
| 14 Aug 2023 | 3 | INTERIM | 14 Aug 2023 |
| 14 Jul 2023 | 4.35 | FINAL | 14 Jul 2023 |
| 09 Feb 2023 | 3.25 | INTERIM | 09 Feb 2023 |
| 07 Nov 2022 | 5 | INTERIM | 09 Nov 2022 |
| 12 Jul 2022 | 4.8 | FINAL | 13 Jul 2022 |
| 15 Feb 2022 | 6 | INTERIM | 16 Feb 2022 |
| 11 Nov 2021 | 2.5 | INTERIM | 12 Nov 2021 |
| 16 Sep 2021 | 1.71 | FINAL | 17 Sep 2021 |
| 13 Aug 2021 | 2 | INTERIM | 17 Aug 2021 |
| 18 Mar 2021 | 5 | INTERIM | 19 Mar 2021 |
| 13 Nov 2020 | 6 | INTERIM | 17 Nov 2020 |
| 11 Feb 2020 | 11 | INTERIM | 12 Feb 2020 |
| 11 Mar 2019 | 11 | INTERIM | 12 Mar 2019 |
| 17 Sep 2018 | 1.75 | FINAL | 18 Sep 2018 |
| 15 Feb 2018 | 7.4 | INTERIM | 19 Feb 2018 |
| 14 Sep 2017 | 2.65 | FINAL | 17 Sep 2017 |
| 27 Feb 2017 | 7 | INTERIM | 28 Feb 2017 |
| 22 Aug 2016 | 5.1 | FINAL | 23 Aug 2016 |
| 17 Feb 2016 | 12 | INTERIM | 18 Feb 2016 |
| 09 Sep 2015 | 2.7 | FINAL | 11 Sep 2015 |
| 18 Feb 2015 | 8 | INTERIM | 20 Feb 2015 |
| 02 Sep 2014 | 1.75 | FINAL | 03 Sep 2014 |
| 20 Feb 2014 | 7.75 | INTERIM | 21 Feb 2014 |
| 28 Aug 2013 | 1.5 | FINAL | 29 Aug 2013 |
| 08 Feb 2013 | 6.75 | INTERIM | 11 Feb 2013 |
| 04 Sep 2012 | 2.5 | FINAL | 06 Sep 2012 |
| 30 Jan 2012 | 5 | INTERIM | 31 Jan 2012 |
| 30 Aug 2011 | 4 | FINAL | 31 Aug 2011 |
| 11 Feb 2011 | 3.5 | INTERIM | 14 Feb 2011 |
| 24 Aug 2010 | 3.5 | FINAL | 25 Aug 2010 |
| 04 Jan 2010 | 3 | INTERIM | 05 Jan 2010 |
| 03 Sep 2009 | 2.5 | FINAL | 07 Sep 2009 |
| 26 Feb 2009 | 2 | INTERIM | 27 Feb 2009 |
| 08 Sep 2008 | 3 | FINAL | 09 Sep 2008 |
REC Ltd Bonus History
| Announcement Date | Ex-Bonus Date | Bonus Ratio | Remarks |
| 30 Jun, 2022 | 17 Aug, 2022 | 1:3 | For every 3 share held; Holder will receive 1 bonus shares. |
| 11 Aug, 2016 | 28 Sep, 2016 | 1:1 | For every 1 share held; Holder will receive 1 bonus shares. |
REC Ltd Peers Comparison
| Sector: Finance | Industry: Finance – Term-Lending Institutions | ||||
| Name | P/E | Mar Cap ₹Cr. | NP Qtr ₹Cr. | Sales Qtr ₹Cr. | ROCE % |
| I R F C | 28.55 | 185768.81 | 1612.65 | 6899.66 | 5.73 |
| Power Fin.Corpn. | 7.44 | 157728.36 | 7214.9 | 25721.79 | 9.85 |
| REC Ltd | 8.96 | 133306.97 | 4037.72 | 13682.43 | 10.05 |
| Indian Renewable | 34.52 | 49858.04 | 387.75 | 1629.55 | 9.3 |
| IFCI | 104.6 | 15158.83 | 184.89 | 617.14 | 10.24 |
FAQs
Q.1. What is the share price target for REC in 2025?
Ans: In 2025, the share price targets for REC are ₹705 for the first target and ₹812 for the second target. These figures reflect the company’s steady performance and its role in financing and promoting power projects across India.
Q.2. What are the projected share price targets for REC in 2026?
Ans: For 2026, the share price targets are estimated to be ₹935 for the first target and ₹1024 for the second target. These projections suggest strong growth potential as REC continues to support infrastructure and rural electrification projects.
Q.3. What is the anticipated share price target for REC in 2027?
Ans: In 2027, REC’s share price targets are ₹1085 for the first target and ₹1290 for the second target. These targets are based on expectations of enhanced profitability and increasing demand for energy infrastructure development.
Q.4. What are the share price targets for REC in 2028?
Ans: For 2028, the share price targets are projected at ₹1455 for the first target and ₹1625 for the second target. These numbers highlight REC’s ability to capitalize on its strong position in the power financing sector.
Q.5. What is the forecast for REC’s share price in 2029?
Ans: By 2029, REC’s share price targets are ₹1865 for the first target and ₹2048 for the second target. These projections reflect the company’s ongoing efforts to expand its portfolio and adapt to evolving energy needs.
Q.6. What are the share price targets for REC in 2030?
Ans: The share price targets for REC in 2030 are ₹2195 for the first target and ₹2580 for the second target. These targets underscore the company’s long-term growth potential, driven by its strategic initiatives and increasing investments in renewable energy.
Q.7. What are the long-term share price targets for REC in 2035?
Ans: The share price targets for REC in 2035 are projected at ₹3875 for the first target and ₹4196 for the second target. These estimates highlight REC’s ability to leverage its financial strength and market leadership over the long term.
Q.8. What is the share price target for REC in 2040?
Ans: For 2040, REC’s share price targets are estimated to be ₹6685 for the first target and ₹7030 for the second target. These long-term projections reflect confidence in the company’s sustainability and capacity to adapt to the energy sector’s evolution.
Q.9. Are these share price targets guaranteed?
Ans: No, these share price targets are based on current market trends, REC’s financial performance, and future projections. However, share prices can fluctuate due to economic conditions, policy changes, and market dynamics.
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