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HomeSTOCKSGovernment Company Announces Third Interim Dividend, It Has Given Returns Of About...

Government Company Announces Third Interim Dividend, It Has Given Returns Of About 280% In One Year

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REC Limited (NSE: RECLTD) Dividend Stock: REC will begin trading ex-dividend the following week. 

This stock’s price has risen by over 6 percent already in the early trading hours of today. 

Maharatna PSU declared on Tuesday its third interim dividend of the current financial period. 

Infrastructure finance company REC declared a dividend of Rs 4.5 for each equity share with a face value of Rs 10. The REC dividend’s record date is March 28.

The shares of REC limited opened this morning at Rs 430. It reached Rs 449.45. Over 6 percent of the shares rose during this time and closed at Rs 448.70.

The 52-week high of Rs 524 is the low of Rs 113.20. Stock prices have increased by over 73 percent during the past six months. It has returned about 280 percent in a year.

When Will Dividends Be Paid?

The company stated that the interim dividend would be paid by April 17, 2024 or earlier.

REC Dividend History

Since September 8, 2008, REC has declared 36 dividends. Data from the equity research portal Trendline shows that REC declared a Rs 10.85 dividend per share until March 20 of last year.

What Is The Dividend Yield?

Dividend yield is a ratio of financial value that shows the amount a company pays in dividends per year, relative to the stock price. 

Divide the annual dividend by the share price to calculate the dividend yield.

About REC Limited Company 

REC Limited is an India-based firm that provides infrastructure finance.

The business’s offerings include loans that are repaid with rates of interest to state electric board and state power utilities, state power departments, as well as private firms in all aspects of the power system.

It is a business segment lending to the logistics, power, and infrastructure industries.

Its financial services include medium-term and long-term loan short-term loans, equity financing, debt refinancing manufacturing equipment, policies for financing against the regulatory assets (excluding the equity return element) for power utility companies as well as a revolving billing facility.

The policy on debt refinancing can be used to extend term loans to refinance existing term loans on projects for all types of projects commissioned in the power sector.

Fundamental Analysis of REC Limited

Market Cap₹ 1,18,061 Cr.
Current Price₹ 448.70
52-wk High₹ 524
52-wk Low₹ 113.20
Stock P/E9.01
Book Value₹ 248
Dividend2.81 %
ROCE9.14 %
ROE20.4 %
Face Value₹ 10.0
P/B Value1.81
OPM100 %
EPS₹ 49.9
Debt₹ 4,40,029 Cr.
Debt to Equity6.74

REC Limited Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 500₹ 550
2025₹ 555₹ 565
2026₹ 570₹ 585
2027₹ 600₹ 654
2028₹ 660₹ 680
2029₹ 690₹ 700
2030₹ 757₹ 800
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REC Limited Shareholding Pattern

Promoters Holding
Dec 202252.63%
Mar 202352.63%
June 202352.63%
Sept 202352.63%
Dec 202352.63%
FII Holding
Dec 202221.50%
Mar 202321.52%
June 202321.90%
Sept 202320.36%
Dec 202320.60%
DII Holding
Dec 202212.11%
Mar 202311.87%
June 202312.02%
Sept 202314.10%
Dec 202314.16%
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Govt. Holding
Dec 20220.04%
Mar 20230.04%
June 20230.04%
Sept 20230.04%
Dec 20230.04%
Public Holding
Dec 202213.73%
Mar 202313.93%
June 202313.41%
Sept 202312.87%
Dec 202312.55%

REC Limited Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 25,408 Cr
2020₹ 29,942 Cr
2021₹ 35,557 Cr
2022₹ 39,276 Cr
2023₹ 45,071 Cr
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Last 5 Years’ Net Profit:

2019₹ 5,741 Cr
2020₹ 4,972 Cr
2021₹ 8,378 Cr
2022₹ 10,036 Cr
2023₹ 13,132 Cr

Last 5 Years’ Debt-To-Equity Ratio:

20197.07
20208.09
20217.63
20226.56
20236.62

Last 10 Years’ Profit Growth:

10 Years:11%
5 Years:20%
3 Years:31%
Current Year:26%

Last 10 years’ Return on Equity (ROE):

10 Years:19%
5 Years:19%
3 Years:21%
Last Year:20%

Sales Growth Over 10 Years:

10 Years:11%
5 Years:12%
3 Years:10%
Current Year:16%

Conclusion

This article is a complete guide about REC Limited Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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