CESC Ltd
Incorporated in 1978, CESC Ltd is in the business of generation and distribution of Electricity[1]
- Market Cap ₹ 22,608 Cr.
- Current Price ₹ 171
- High / Low ₹ 204 / 119
- Stock P/E 27.6
- Book Value ₹ 74.6
- Dividend Yield 2.65 %
- ROCE 9.95 %
- ROE 7.97 %
- Face Value ₹ 1.00
Pros
- 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.871 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 | 9,586 | |
3,999 | 4,552 | 4,765 | 5,486 | 6,046 | 6,286 | 6,292 | 5,633 | 6,075 | 6,686 | 7,725 | 8,148 | 7,825 | |
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 | 1,761 |
OPM % | 27% | 26% | 30% | 24% | 22% | 19% | 20% | 19% | 17% | 16% | 10% | 15% | 18% |
100 | 85 | -61 | 334 | 377 | 722 | 673 | 637 | 906 | 968 | 1,618 | 1,316 | 871 | |
Interest | 448 | 496 | 555 | 558 | 592 | 574 | 650 | 616 | 611 | 715 | 857 | 996 | 883 |
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 | 1,061 |
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 | 819 | |
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 | 6.17 |
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: | 7% |
Compounded Profit Growth | |
---|---|
10 Years: | 1% |
5 Years: | -2% |
3 Years: | 0% |
TTM: | 3% |
Stock Price CAGR | |
---|---|
10 Years: | 14% |
5 Years: | 24% |
3 Years: | 30% |
1 Year: | -8% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 126 | 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 |
4,030 | 5,234 | 5,331 | 5,985 | 5,947 | 6,052 | 6,453 | 7,433 | 8,491 | 8,422 | 9,583 | 11,677 | |
5,261 | 5,604 | 9,008 | 9,138 | 10,635 | 10,273 | 10,461 | 10,247 | 9,559 | 9,874 | 8,880 | 8,651 | |
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 |
8,619 | 9,234 | 14,859 | 14,814 | 14,787 | 14,736 | 14,810 | 14,437 | 14,253 | 13,992 | 13,455 | 13,027 | |
CWIP | 410 | 262 | 196 | 188 | 127 | 67 | 89 | 66 | 43 | 64 | 78 | 95 |
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 |
4,109 | 5,173 | 7,678 | 8,797 | 6,416 | 6,343 | 7,607 | 8,080 | 8,693 | 9,141 | 9,597 | 10,709 | |
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 |
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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Board Meeting Intimation for Unaudited Financial Results/ Interim Dividend
9 Oct - Board meeting on Oct 17, 2025 to approve Q2/H1 unaudited results (Sept 30, 2025); may declare interim dividend.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Oct
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Allotment Of Debt Securities
26 Sep - Allotment of 30,000 secured NCDs (Rs100,000 each) aggregating Rs3,000,000,000 to Citibank N.A., approved Sept 26, 2025.
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Closure of Trading Window
25 Sep - Trading window closed Oct 1, 2025 until 48 hours after unaudited Q2/H1 results for Sep 30, 2025.
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Issue Of Debt Securities
24 Sep - Issue of 30,000 secured NCDs aggregating INR300 crore; 3-year maturity; coupon 3M T-Bill+2.30%; allotment 26 Sep 2025.
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 2025TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Mar 2019TranscriptNotesPPT
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Nov 2018TranscriptNotesPPT
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Nov 2017TranscriptNotesPPT
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Nov 2016TranscriptNotesPPT
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Sep 2016TranscriptNotesPPT
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]