CESC Ltd
Incorporated in 1978, CESC Ltd is in the business of generation and distribution of Electricity[1]
- Market Cap ₹ 22,083 Cr.
- Current Price ₹ 167
- High / Low ₹ 192 / 119
- Stock P/E 26.2
- Book Value ₹ 77.2
- Dividend Yield 3.60 %
- ROCE 9.95 %
- ROE 7.97 %
- Face Value ₹ 1.00
Pros
- Stock is providing a good dividend yield of 3.60%.
- Company has been maintaining a healthy dividend payout of 74.8%
Cons
- The company has delivered a poor sales growth of 4.11% over past five years.
- Company has a low return on equity of 7.87% over last 3 years.
- Earnings include an other income of Rs.824 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Utilities Power Power Integrated Power Utilities
Part of BSE 500 Nifty 500 BSE SmallCap Nifty Energy Nifty Smallcap 100
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5,510 | 6,189 | 6,796 | 7,220 | 7,786 | 7,754 | 7,836 | 6,921 | 7,294 | 7,973 | 8,606 | 9,584 | 9,623 | |
| 3,999 | 4,552 | 4,765 | 5,486 | 6,046 | 6,286 | 6,292 | 5,633 | 6,075 | 6,686 | 7,725 | 8,148 | 7,773 | |
| Operating Profit | 1,511 | 1,637 | 2,031 | 1,734 | 1,740 | 1,467 | 1,544 | 1,289 | 1,219 | 1,287 | 881 | 1,436 | 1,850 |
| OPM % | 27% | 26% | 30% | 24% | 22% | 19% | 20% | 19% | 17% | 16% | 10% | 15% | 19% |
| 100 | 85 | -61 | 334 | 377 | 722 | 673 | 637 | 906 | 968 | 1,618 | 1,316 | 824 | |
| Interest | 448 | 496 | 555 | 558 | 592 | 574 | 650 | 616 | 611 | 715 | 857 | 996 | 890 |
| Depreciation | 339 | 343 | 370 | 409 | 426 | 433 | 448 | 463 | 471 | 480 | 720 | 694 | 688 |
| Profit before tax | 825 | 883 | 1,046 | 1,101 | 1,099 | 1,183 | 1,119 | 847 | 1,044 | 1,060 | 922 | 1,062 | 1,096 |
| Tax % | 21% | 21% | 19% | 22% | 22% | 21% | 18% | 4% | 22% | 22% | 16% | 25% | |
| 652 | 698 | 845 | 863 | 862 | 937 | 918 | 814 | 816 | 830 | 775 | 800 | 843 | |
| EPS in Rs | 5.22 | 5.26 | 6.38 | 6.51 | 6.50 | 7.07 | 6.92 | 6.14 | 6.15 | 6.26 | 5.85 | 6.03 | 6.36 |
| Dividend Payout % | 15% | 17% | 16% | 15% | 19% | 25% | 29% | 74% | 73% | 72% | 77% | 75% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 4% |
| 3 Years: | 10% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | -2% |
| 3 Years: | 0% |
| TTM: | 7% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 22% |
| 3 Years: | 29% |
| 1 Year: | -10% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 8% |
| 3 Years: | 8% |
| Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 126 | 133 | 133 | 133 | 133 | 133 | 133 | 133 | 133 | 133 | 133 | 133 | 133 |
| Reserves | 6,913 | 7,947 | 12,868 | 13,191 | 9,314 | 9,631 | 9,905 | 9,844 | 9,822 | 9,831 | 9,755 | 9,752 | 10,096 |
| 4,030 | 5,234 | 5,331 | 5,985 | 5,947 | 6,052 | 6,453 | 7,433 | 8,491 | 8,422 | 9,583 | 11,677 | 11,494 | |
| 5,261 | 5,604 | 9,008 | 9,138 | 10,635 | 10,273 | 10,461 | 10,247 | 9,559 | 9,874 | 8,880 | 8,651 | 10,029 | |
| Total Liabilities | 16,329 | 18,918 | 27,341 | 28,447 | 26,030 | 26,089 | 26,952 | 27,658 | 28,005 | 28,260 | 28,351 | 30,213 | 31,752 |
| 8,619 | 9,234 | 14,859 | 14,814 | 14,787 | 14,736 | 14,810 | 14,437 | 14,253 | 13,992 | 13,455 | 13,027 | 12,712 | |
| CWIP | 410 | 262 | 196 | 188 | 127 | 67 | 89 | 66 | 43 | 64 | 78 | 95 | 187 |
| Investments | 3,191 | 4,249 | 4,608 | 4,648 | 4,700 | 4,943 | 4,446 | 5,074 | 5,016 | 5,063 | 5,220 | 6,381 | 6,381 |
| 4,109 | 5,173 | 7,678 | 8,797 | 6,416 | 6,343 | 7,607 | 8,080 | 8,693 | 9,141 | 9,597 | 10,709 | 12,472 | |
| Total Assets | 16,329 | 18,918 | 27,341 | 28,447 | 26,030 | 26,089 | 26,952 | 27,658 | 28,005 | 28,260 | 28,351 | 30,213 | 31,752 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,986 | 732 | 1,927 | 1,686 | 1,574 | 1,220 | 1,282 | 810 | 709 | 1,196 | 1,039 | 1,821 | |
| -1,839 | -1,973 | -1,141 | -1,708 | -1,087 | -662 | -114 | -1,065 | -379 | -380 | -563 | -2,658 | |
| -138 | 1,197 | -670 | 112 | -734 | -672 | -440 | -243 | -22 | -1,280 | -209 | 605 | |
| Net Cash Flow | 10 | -44 | 116 | 90 | -247 | -114 | 729 | -498 | 308 | -464 | 266 | -232 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 78 | 81 | 52 | 49 | 49 | 48 | 46 | 74 | 52 | 49 | 52 | 53 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 78 | 81 | 52 | 49 | 49 | 48 | 46 | 74 | 52 | 49 | 52 | 53 |
| Working Capital Days | -46 | -53 | -94 | -102 | -176 | -196 | -189 | -142 | -158 | -155 | -133 | -177 |
| ROCE % | 12% | 11% | 11% | 8% | 9% | 11% | 11% | 9% | 9% | 9% | 9% | 10% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
2d - Purvah awarded LOA for 180 MW RTC renewable supply at Rs4.35/kWh for 25 years (LOA dated Dec 23, 2025).
- Closure of Trading Window 23 Dec
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
19 Dec - Purvah issued one-year LOI to Klasscorp for consultancy on 250 MW Bijapur wind farm land acquisition.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 17 Dec
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Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosures Requirements) Regulations, 2015 ('SEBI LODR Regulations')
16 Dec - West Bengal issued GST tax, interest and penalty demand Rs.9,28,48,030 for FY2021-22; company to appeal.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Concalls
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Sep 2023TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
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Nov 2020TranscriptAI SummaryPPT
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Nov 2019TranscriptAI SummaryPPT
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Aug 2019TranscriptAI SummaryPPT
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May 2019TranscriptAI SummaryPPT
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Mar 2019TranscriptAI SummaryPPT
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Nov 2018TranscriptAI SummaryPPT
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May 2017TranscriptAI SummaryPPT
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Feb 2017TranscriptAI SummaryPPT
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Nov 2016TranscriptAI SummaryPPT
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Sep 2016TranscriptAI SummaryPPT
Parentage
The company is the flagship of the RP-Sanjiv Goenka Group (RPSG), which reported a turnover of Rs. 36,509 Cr and assets of Rs. 60,590 Cr+ in FY24. The group operates across various sectors, including power, infrastructure, carbon black, retail, education, BPO, and media & entertainment with a presence in 60+ countries and 100+ offices globally. [1] [2]