CESC Ltd
Incorporated in 1978, CESC Ltd is in the business of generation and distribution of Electricity[1]
- Market Cap ₹ 20,469 Cr.
- Current Price ₹ 154
- High / Low ₹ 185 / 126
- Stock P/E 24.2
- Book Value ₹ 77.2
- Dividend Yield 3.90 %
- ROCE 9.95 %
- ROE 7.97 %
- Face Value ₹ 1.00
Pros
- Stock is providing a good dividend yield of 3.90%.
- 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.
* 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 Nifty Energy Nifty Smallcap 100 Nifty Dividend Opportunities 50
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 | 9,709 | |
| 3,999 | 4,552 | 4,765 | 5,486 | 6,046 | 6,286 | 6,292 | 5,633 | 6,075 | 6,686 | 7,725 | 8,148 | 7,709 | |
| 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 | 2,000 |
| OPM % | 27% | 26% | 30% | 24% | 22% | 19% | 20% | 19% | 17% | 16% | 10% | 15% | 21% |
| 100 | 85 | -61 | 334 | 377 | 722 | 673 | 637 | 906 | 968 | 1,618 | 1,316 | 647 | |
| Interest | 448 | 496 | 555 | 558 | 592 | 574 | 650 | 616 | 611 | 715 | 857 | 996 | 879 |
| Depreciation | 339 | 343 | 370 | 409 | 426 | 433 | 448 | 463 | 471 | 480 | 720 | 694 | 684 |
| Profit before tax | 825 | 883 | 1,046 | 1,101 | 1,099 | 1,183 | 1,119 | 847 | 1,044 | 1,060 | 922 | 1,062 | 1,084 |
| 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 | 847 | |
| 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 | 6.39 |
| 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: | 8% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 20% |
| 3 Years: | 26% |
| 1 Year: | 20% |
| 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
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 1d
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - CESC to participate in Kotak (23 Feb 2026) and IIFL (24 Feb 2026) investor conferences, Mumbai.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
12 Feb - Purvah awarded 250 MW wind project LOA by SECI; tariff Rs3.69/kWh, 25-year supply (12 Feb 2026).
- Announcement under Regulation 30 (LODR)-Newspaper Publication 7 Feb
- Announcement under Regulation 30 (LODR)-Investor Presentation 6 Feb
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
from bse
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Financial Year 2012
from bse
Concalls
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Feb 2026TranscriptAI SummaryPPT
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Nov 2025TranscriptAI SummaryPPT
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May 2025TranscriptAI SummaryPPT
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Jan 2025TranscriptAI SummaryPPT
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Nov 2024TranscriptAI SummaryPPT
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Nov 2024TranscriptAI SummaryPPT
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Aug 2024TranscriptAI SummaryPPT
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Aug 2024TranscriptAI SummaryPPT
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May 2024TranscriptAI SummaryPPT
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Feb 2024TranscriptAI SummaryPPT
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Jan 2024TranscriptAI SummaryPPT
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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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Feb 2019TranscriptAI SummaryPPT
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Nov 2018TranscriptAI SummaryPPT
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Nov 2017TranscriptAI SummaryPPT
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Sep 2017TranscriptAI SummaryPPT
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Aug 2017TranscriptAI SummaryPPT
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Jun 2017TranscriptAI 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]