WEBSITE BSE:500084 NSE: CESC LTD. Inc. Year: 1978 Industry: Power Generation/Distribution
Last updated: 15:59
CESC Ltd is an primarily India-based organisation, that is typically engaged in the generation and distribution of electricity. Its operation spanning the value chain from mining coal, generating power and distribution of energy. Its corporations include Kolkata operations in addition to other generation and distribution ventures. Its Kolkata operations consist of distribution of electricity, with its personal generation facilities, across its certified vicinity in Kolkata, Howrah, Hooghly, North and South 24 Parganas, West Bengal. Its generati...Read More
CESC Ltd is an primarily India-based organisation, that is typically engaged in the generation and distribution of electricity. Its operation spanning the value chain from mining coal, generating power and distribution of energy. Its corporations include Kolkata operations in addition to other generation and distribution ventures. Its Kolkata operations consist of distribution of electricity, with its personal generation facilities, across its certified vicinity in Kolkata, Howrah, Hooghly, North and South 24 Parganas, West Bengal. Its generation initiatives include operational thermal and renewables tasks with a cumulative generation ability of about 800 megawatts (MW), which can be owned and operated via its subsidiaries. It has distribution license for Greater Noida, Uttar Pradesh; about three distribution franchisees (DFs) in Kota, Bharatpur and Bikaner in Rajasthan; and its new DF in Malegaon, Maharashtra. Its subsidiaries comprises Haldia Energy Ltd and Surya Vidyut Ltd, amongst others. ...Read Less
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Market Cap ₹20483 Cr.
Stock P/E 14.3
P/B 1.6
Current Price ₹154.5
Book Value ₹ 98.2
Face Value 1
52W High ₹185.3
Dividend Yield 2.91%
52W Low ₹ 136.1
Price goes above X
Price falls below X
PE goes above X
PE falls below X
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| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 4352 | 3244 | 3387 | 4863 | 4700 | 3561 | 3877 | 5202 | 5267 | 4005 |
| Other Income | 62 | 57 | 73 | 55 | 70 | 96 | 153 | 83 | 84 | 94 |
| Total Income | 4414 | 3301 | 3460 | 4918 | 4770 | 3657 | 4030 | 5285 | 5351 | 4099 |
| Total Expenditure | 3345 | 2338 | 2405 | 3803 | 3685 | 2651 | 2925 | 4110 | 4138 | 3063 |
| Operating Profit | 1069 | 963 | 1055 | 1115 | 1085 | 1006 | 1105 | 1175 | 1213 | 1036 |
| Interest | 305 | 296 | 325 | 322 | 328 | 339 | 335 | 363 | 337 | 343 |
| Depreciation | 303 | 303 | 311 | 301 | 295 | 305 | 304 | 304 | 311 | 308 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 461 | 364 | 419 | 492 | 462 | 362 | 466 | 508 | 565 | 385 |
| Provision for Tax | 98 | 63 | 4 | 104 | 89 | 80 | 81 | 104 | 120 | 81 |
| Profit After Tax | 363 | 301 | 415 | 388 | 373 | 282 | 385 | 404 | 445 | 304 |
| Adjustments | -15 | -20 | -15 | -10 | -20 | -17 | -12 | -17 | -20 | -19 |
| Profit After Adjustments | 348 | 281 | 400 | 378 | 353 | 265 | 373 | 387 | 425 | 285 |
| Adjusted Earnings Per Share | 2.6 | 2.1 | 3 | 2.8 | 2.7 | 2 | 2.8 | 2.9 | 3.2 | 2.1 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 11067 | 12124 | 8363 | 10275 | 10664 | 12159 | 11632 | 12544 | 14246 | 15293 | 17001 | 18351 |
| Other Income | 160 | 265 | 300 | 284 | 224 | 263 | 294 | 291 | 309 | 251 | 374 | 414 |
| Total Income | 11227 | 12389 | 8664 | 10559 | 10888 | 12422 | 11926 | 12835 | 14555 | 15544 | 17375 | 18765 |
| Total Expenditure | 9095 | 9048 | 5585 | 7267 | 7761 | 8952 | 8391 | 9524 | 11973 | 13025 | 14157 | 14236 |
| Operating Profit | 2132 | 3342 | 3079 | 3292 | 3127 | 3470 | 3534 | 3311 | 2582 | 2519 | 3219 | 4529 |
| Interest | 1045 | 1593 | 1482 | 1411 | 1432 | 1484 | 1340 | 1248 | 1241 | 1377 | 1479 | 1378 |
| Depreciation | 589 | 766 | 715 | 751 | 764 | 848 | 867 | 885 | 878 | 1217 | 1205 | 1227 |
| Exceptional Income / Expenses | 0 | -4 | 46 | 67 | 893 | 630 | 424 | 737 | 1276 | 1757 | 1248 | 0 |
| Profit Before Tax | 498 | 1042 | 976 | 1246 | 1893 | 1768 | 1752 | 1915 | 1739 | 1683 | 1782 | 1924 |
| Provision for Tax | 199 | 313 | 321 | 356 | 695 | 459 | 389 | 511 | 342 | 236 | 354 | 386 |
| Profit After Tax | 299 | 729 | 655 | 890 | 1198 | 1309 | 1363 | 1404 | 1397 | 1447 | 1428 | 1538 |
| Adjustments | -100 | -131 | 36 | 22 | -14 | -42 | -32 | -46 | -55 | -71 | -59 | -68 |
| Profit After Adjustments | 199 | 598 | 691 | 913 | 1184 | 1267 | 1331 | 1358 | 1343 | 1376 | 1369 | 1470 |
| Adjusted Earnings Per Share | 1.5 | 4.5 | 5.2 | 6.9 | 8.9 | 9.6 | 10 | 10.2 | 10.1 | 10.4 | 10.3 | 11 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 11% | 11% | 7% | 4% |
| Operating Profit CAGR | 28% | -1% | -1% | 4% |
| PAT CAGR | -1% | 1% | 2% | 17% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 11% | 30% | 20% | 13% |
| ROE Average | 12% | 13% | 13% | 11% |
| ROCE Average | 12% | 12% | 12% | 12% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 6029 | 10604 | 10623 | 8420 | 8974 | 9412 | 9873 | 10396 | 10910 | 11446 | 12010 |
| Minority's Interest | 1000 | 1092 | 1210 | 69 | 82 | 365 | 396 | 434 | 479 | 540 | 593 |
| Borrowings | 10123 | 10451 | 11590 | 11048 | 10225 | 9760 | 10899 | 10577 | 9569 | 10856 | 12854 |
| Other Non-Current Liabilities | 4100 | 5529 | 5483 | 5721 | 6158 | 6967 | 7158 | 7251 | 7370 | 7381 | 7043 |
| Total Current Liabilities | 6375 | 8747 | 8559 | 7728 | 8030 | 8954 | 7536 | 8834 | 9384 | 6945 | 8482 |
| Total Liabilities | 27628 | 36422 | 37465 | 32986 | 33470 | 35457 | 35862 | 37493 | 37712 | 37168 | 40981 |
| Fixed Assets | 20869 | 26500 | 26570 | 23798 | 23593 | 24677 | 24135 | 23153 | 22763 | 22068 | 22704 |
| Other Non-Current Assets | 1676 | 1578 | 1564 | 1184 | 1156 | 639 | 637 | 865 | 802 | 968 | 2192 |
| Total Current Assets | 5078 | 8323 | 9331 | 8005 | 8722 | 10141 | 11089 | 13476 | 14147 | 14132 | 16085 |
| Total Assets | 27628 | 36422 | 37465 | 32986 | 33470 | 35457 | 35862 | 37493 | 37712 | 37168 | 40981 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 1210 | 773 | 853 | 1255 | 632 | 539 | 1262 | 840 | 2153 | 1129 | 1275 |
| Cash Flow from Operating Activities | 889 | 2480 | 2655 | 2469 | 2294 | 3408 | 2806 | 2499 | 1978 | 2351 | 2582 |
| Cash Flow from Investing Activities | -2441 | -1220 | -1493 | -1230 | -687 | -466 | -1489 | -575 | -545 | -564 | -3013 |
| Cash Flow from Financing Activities | 1331 | -1181 | -760 | -1485 | -1737 | -2219 | -1739 | -611 | -2457 | -1642 | 1337 |
| Net Cash Inflow / Outflow | -220 | 80 | 402 | -247 | -130 | 723 | -423 | 1313 | -1024 | 146 | 906 |
| Closing Cash & Cash Equivalent | 1049 | 853 | 1255 | 632 | 503 | 1262 | 840 | 2153 | 1129 | 1275 | 2181 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 1.5 | 4.51 | 5.21 | 6.88 | 8.93 | 9.56 | 10.04 | 10.24 | 10.13 | 10.38 | 10.33 |
| CEPS(Rs) | 6.7 | 11.28 | 10.33 | 12.38 | 14.8 | 16.27 | 16.82 | 17.27 | 17.16 | 20.1 | 19.87 |
| DPS(Rs) | 0.9 | 1 | 1 | 1.2 | 1.75 | 2 | 4.5 | 4.5 | 4.5 | 4.5 | 4.5 |
| Book NAV/Share(Rs) | 39.02 | 79.77 | 80.04 | 63.51 | 67.69 | 70.99 | 74.47 | 78.42 | 82.3 | 86.34 | 90.59 |
| Core EBITDA Margin(%) | 17.82 | 25.38 | 33.22 | 29.27 | 27.22 | 26.37 | 27.86 | 24.08 | 15.96 | 14.83 | 16.73 |
| EBIT Margin(%) | 13.94 | 21.73 | 29.39 | 25.86 | 31.18 | 26.75 | 26.58 | 25.22 | 20.92 | 20.01 | 19.18 |
| Pre Tax Margin(%) | 4.5 | 8.6 | 11.67 | 12.13 | 17.75 | 14.54 | 15.06 | 15.27 | 12.21 | 11.01 | 10.48 |
| PAT Margin (%) | 2.7 | 6.01 | 7.83 | 8.66 | 11.23 | 10.77 | 11.72 | 11.19 | 9.81 | 9.46 | 8.4 |
| Cash Profit Margin (%) | 8.02 | 12.34 | 16.38 | 15.98 | 18.4 | 17.74 | 19.17 | 18.25 | 15.97 | 17.42 | 15.49 |
| ROA(%) | 1.14 | 2.28 | 1.77 | 2.53 | 3.61 | 3.8 | 3.82 | 3.83 | 3.72 | 3.87 | 3.65 |
| ROE(%) | 6.08 | 9.26 | 6.18 | 9.36 | 13.78 | 14.24 | 14.13 | 13.86 | 13.12 | 12.95 | 12.18 |
| ROCE(%) | 8.58 | 11.75 | 9.51 | 10.8 | 14.32 | 13.88 | 13.07 | 12.9 | 11.9 | 12.05 | 11.75 |
| Receivable days | 53.38 | 46.96 | 64.87 | 55.01 | 56.07 | 53.7 | 65.18 | 64.17 | 54.92 | 53.08 | 50.28 |
| Inventory Days | 19.8 | 20.46 | 33.65 | 25.36 | 21.96 | 21.32 | 20.68 | 18.29 | 19.72 | 20.99 | 17.21 |
| Payable days | -6571.28 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PER(x) | 40.19 | 10.48 | 16.13 | 14.06 | 8.15 | 4.28 | 5.91 | 7.41 | 6.57 | 11.69 | 14.89 |
| Price/Book(x) | 1.54 | 0.59 | 1.05 | 1.52 | 1.07 | 0.58 | 0.8 | 0.97 | 0.81 | 1.41 | 1.7 |
| Dividend Yield(%) | 1.5 | 2.11 | 1.19 | 1.24 | 2.41 | 4.89 | 7.59 | 5.93 | 6.76 | 3.71 | 2.93 |
| EV/Net Sales(x) | 1.91 | 1.65 | 3.01 | 2.55 | 2.16 | 1.43 | 1.72 | 1.72 | 1.42 | 1.81 | 2 |
| EV/Core EBITDA(x) | 9.91 | 5.97 | 8.17 | 7.96 | 7.38 | 5.02 | 5.67 | 6.51 | 7.86 | 11.01 | 10.58 |
| Net Sales Growth(%) | 9.45 | 9.56 | -31.02 | 22.86 | 3.79 | 14.02 | -4.34 | 7.84 | 13.57 | 7.35 | 11.17 |
| EBIT Growth(%) | 9.95 | 70.78 | -6.72 | 8.11 | 25.13 | -2.2 | -4.93 | 2.32 | -5.78 | 2.66 | 6.59 |
| PAT Growth(%) | -47.83 | 143.95 | -10.2 | 35.97 | 34.58 | 9.26 | 4.11 | 3.03 | -0.48 | 3.58 | -1.34 |
| EPS Growth(%) | -61.94 | 201.49 | 15.43 | 32.1 | 29.74 | 7.01 | 5.04 | 2.04 | -1.12 | 2.5 | -0.54 |
| Debt/Equity(x) | 2.75 | 1.41 | 1.47 | 1.73 | 1.61 | 1.49 | 1.42 | 1.42 | 1.29 | 1.25 | 1.48 |
| Current Ratio(x) | 0.8 | 0.95 | 1.09 | 1.04 | 1.09 | 1.13 | 1.47 | 1.53 | 1.51 | 2.03 | 1.9 |
| Quick Ratio(x) | 0.7 | 0.88 | 1 | 0.96 | 1 | 1.05 | 1.39 | 1.45 | 1.41 | 1.91 | 1.81 |
| Interest Cover(x) | 1.48 | 1.65 | 1.66 | 1.88 | 2.32 | 2.19 | 2.31 | 2.53 | 2.4 | 2.22 | 2.2 |
| Total Debt/Mcap(x) | 1.78 | 2.37 | 1.4 | 1.14 | 1.5 | 2.58 | 1.79 | 1.46 | 1.59 | 0.89 | 0.87 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 52.11 | 52.11 | 52.11 | 52.11 | 52.11 | 52.11 | 52.11 | 52.11 | 52.11 | 52.11 |
| FII | 13.12 | 11.93 | 12.89 | 13.54 | 13.28 | 12.34 | 10.99 | 10.91 | 11.07 | 11.86 |
| DII | 20.09 | 21.46 | 21.16 | 22.66 | 22.65 | 23.78 | 25.13 | 25.41 | 25.68 | 25.64 |
| Public | 14.68 | 14.49 | 13.85 | 11.69 | 11.95 | 11.77 | 11.76 | 11.56 | 11.14 | 10.39 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 69.08 | 69.08 | 69.08 | 69.08 | 69.08 | 69.08 | 69.08 | 69.08 | 69.08 | 69.08 |
| FII | 17.39 | 15.82 | 17.08 | 17.95 | 17.61 | 16.36 | 14.57 | 14.47 | 14.67 | 15.72 |
| DII | 26.63 | 28.45 | 28.04 | 30.03 | 30.03 | 31.52 | 33.31 | 33.68 | 34.04 | 33.99 |
| Public | 19.46 | 19.21 | 18.36 | 15.5 | 15.85 | 15.6 | 15.59 | 15.33 | 14.77 | 13.77 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 132.56 | 132.56 | 132.56 | 132.56 | 132.56 | 132.56 | 132.56 | 132.56 | 132.56 | 132.56 |
* The pros and cons are machine generated.
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