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REC Ltd Share Price Target 2025, 2026, 2027, 2030

2026-04-17 · 3 min read

Sector - Finance
REC Ltd Share Price Target 2025, 2026, 2027, 2030

When investors look for high dividend PSU stocks with steady cash flows, REC Limited often comes into the conversation.

REC Ltd Share Price Target

REC Limited is a Maharatna public sector NBFC focused on financing India’s power and infrastructure sector. Established in 1969, the company provides loans to projects across power generation, transmission, and distribution, including renewable energy initiatives. It primarily lends to state electricity boards (DISCOMs), government entities, and private sector players.

Financial table for REC Ltd

Market Cap₹98,325 Cr.(As of April 2026)
Price to Earnings5.70
Return on equity21.5%
Debt to equity6.18
Current ratio1.32
Dividend Yield4.82%
Return on assets2.73%
ROCE9.96%
Face Value₹10
52 Week High₹448
52 Week Low₹304

REC Ltd Shareholding Pattern



Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Promoters

52.63%

52.63%

52.63%

52.63%

52.63%

52.63%

FIIs

26.99%

26.75%

24.27%

21.52%

19.91%

20.48%

DIIs

12.01%

12.28%

9.43%

11.87%

15.44%

14.79%

Government

0.00%

0.00%

0.00%

0.04%

0.05%

0.05%

Public

8.36%

8.33%

13.66%

13.93%

11.96%

12.05%

No. of Shareholders

3,00,458

3,32,824

4,23,518

5,76,759

7,70,808

10,82,798


REC Ltd Share Price Target 2026, 2027, 2028 to 2030

YEAR 2026

Target Range (₹) : 400-460

for the move Merger progress and strong loan growth support earnings. Projected Targets:
YEAR 2027

Target Range (₹) : 480-530

for the move Growth remains steady but not aggressive. Projected Targets:
YEAR 2028

Target Range (₹) : 540-575

for the move Loan book growth continues at a stable pace. Projected Targets:
YEAR 2029

Target Range (₹) : 490-540

for the move Strong positioning but limited valuation expansion. Projected Targets:
YEAR 2030

Target Range (₹) : 590-650

for the move Fully integrated power + renewable financing NBFC ensures stable earnings.

Historic Performance:

REC Ltd Share Price Target 2020, 2021, 2022, 2023, 2024 & 2025

YEAR 2020

Yearly returns :

Start of the year price107.48
End of the year price100.42
Reason : Weak sentiment due to concerns over power sector NPAs and slow growth.
YEAR 2021

Yearly returns : -0.15%

Start of the year price100.50
End of the year price100.35
Reason : Flat performance due to stable but unexciting financial growth.
YEAR 2022

Yearly returns : 15.58%

Start of the year price100.80
End of the year price116.50
Reason : Increased power sector lending supported earnings growth.
YEAR 2023

Yearly returns : 250.47%

Start of the year price117.80
End of the year price412.85
Reason : High dividend yield and improving fundamentals boosted investor interest.
YEAR 2024

Yearly returns : 21.03%

Start of the year price413.70
End of the year price500.70
Reason : Stable asset quality reinforced investor confidence.
YEAR 2025

Yearly returns : -28.82%

Start of the year price501.25
End of the year price356.80
Reason : Correction due to profit booking after sharp rally.

Conclusion

REC Ltd is not a flashy stock and that’s exactly its strength.

  • Strong cash flows

  • Government backing

  • High dividend yield

  • Improving fundamentals

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