CESC Ltd
Incorporated in 1978, CESC Ltd is in the business of generation and distribution of Electricity[1]
- Market Cap ₹ 22,247 Cr.
- Current Price ₹ 168
- High / Low ₹ 204 / 138
- Stock P/E 25.8
- Book Value ₹ 73.3
- Dividend Yield 3.58 %
- ROCE 9.41 %
- ROE 8.69 %
- Face Value ₹ 1.00
Pros
- Stock is providing a good dividend yield of 3.58%.
- Company has been maintaining a healthy dividend payout of 82.0%
Cons
- The company has delivered a poor sales growth of 7.05% over past five years.
- Company has a low return on equity of 8.10% over last 3 years.
- Earnings include an other income of Rs.668 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6,189 | 6,796 | 7,220 | 7,786 | 7,754 | 7,836 | 6,921 | 7,294 | 7,973 | 8,606 | 9,584 | 9,732 | 9,853 | |
| 4,552 | 4,765 | 5,486 | 6,046 | 6,286 | 6,297 | 5,633 | 6,075 | 6,686 | 7,725 | 8,148 | 7,801 | 7,883 | |
| Operating Profit | 1,637 | 2,031 | 1,734 | 1,740 | 1,467 | 1,539 | 1,289 | 1,219 | 1,287 | 881 | 1,436 | 1,931 | 1,970 |
| OPM % | 26% | 30% | 24% | 22% | 19% | 20% | 19% | 17% | 16% | 10% | 15% | 20% | 20% |
| 85 | -61 | 334 | 377 | 722 | 678 | 637 | 906 | 968 | 1,618 | 1,316 | 742 | 668 | |
| Interest | 496 | 555 | 558 | 592 | 574 | 650 | 616 | 611 | 715 | 857 | 996 | 870 | 839 |
| Depreciation | 343 | 370 | 409 | 426 | 433 | 448 | 463 | 471 | 480 | 720 | 694 | 678 | 650 |
| Profit before tax | 883 | 1,046 | 1,101 | 1,099 | 1,183 | 1,119 | 847 | 1,044 | 1,060 | 922 | 1,062 | 1,125 | 1,149 |
| Tax % | 21% | 19% | 22% | 22% | 21% | 18% | 4% | 22% | 22% | 16% | 25% | 24% | |
| 698 | 845 | 863 | 862 | 937 | 918 | 814 | 816 | 830 | 775 | 800 | 852 | 861 | |
| EPS in Rs | 5.26 | 6.38 | 6.51 | 6.50 | 7.07 | 6.92 | 6.14 | 6.15 | 6.26 | 5.85 | 6.03 | 6.43 | 6.50 |
| Dividend Payout % | 17% | 16% | 15% | 19% | 25% | 29% | 74% | 73% | 72% | 77% | 75% | 94% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 7% |
| 3 Years: | 7% |
| TTM: | 3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | 1% |
| 3 Years: | 2% |
| TTM: | 5% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 17% |
| 3 Years: | 29% |
| 1 Year: | 3% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 8% |
| 3 Years: | 8% |
| Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 133 | 133 | 133 | 133 | 133 | 133 | 133 | 133 | 133 | 133 | 133 | 133 |
| Reserves | 7,947 | 12,868 | 13,191 | 9,314 | 9,631 | 9,905 | 9,844 | 9,822 | 9,831 | 9,755 | 9,752 | 9,584 |
| 5,234 | 5,331 | 5,985 | 5,947 | 6,052 | 6,453 | 7,433 | 8,491 | 8,422 | 9,583 | 11,677 | 11,145 | |
| 5,604 | 9,008 | 9,138 | 10,635 | 10,273 | 10,461 | 10,247 | 9,559 | 9,874 | 8,880 | 8,651 | 10,513 | |
| Total Liabilities | 18,918 | 27,341 | 28,447 | 26,030 | 26,089 | 26,952 | 27,658 | 28,005 | 28,260 | 28,351 | 30,213 | 31,375 |
| 9,234 | 14,859 | 14,814 | 14,787 | 14,736 | 14,810 | 14,437 | 14,253 | 13,992 | 13,455 | 13,027 | 12,780 | |
| CWIP | 262 | 196 | 188 | 127 | 67 | 89 | 66 | 43 | 64 | 78 | 95 | 232 |
| Investments | 4,249 | 4,608 | 4,648 | 4,700 | 4,943 | 4,446 | 5,074 | 5,016 | 5,063 | 5,220 | 6,381 | 6,407 |
| 5,173 | 7,678 | 8,797 | 6,416 | 6,343 | 7,607 | 8,080 | 8,693 | 9,141 | 9,597 | 10,709 | 11,956 | |
| Total Assets | 18,918 | 27,341 | 28,447 | 26,030 | 26,089 | 26,952 | 27,658 | 28,005 | 28,260 | 28,351 | 30,213 | 31,375 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 732 | 1,927 | 1,686 | 1,574 | 1,220 | 1,282 | 810 | 709 | 1,196 | 1,039 | 1,821 | 3,426 | |
| -1,973 | -1,141 | -1,708 | -1,087 | -662 | -114 | -1,065 | -379 | -380 | -563 | -2,658 | -634 | |
| 1,197 | -670 | 112 | -734 | -672 | -440 | -243 | -22 | -1,280 | -209 | 605 | -2,251 | |
| Net Cash Flow | -44 | 116 | 90 | -247 | -114 | 729 | -498 | 308 | -464 | 266 | -232 | 541 |
| Free Cash Flow | -221 | 1,129 | 944 | 980 | 580 | 664 | 379 | 179 | 806 | 617 | 1,211 | 2,687 |
| CFO/OP | 57% | 104% | 109% | 100% | 98% | 94% | 76% | 77% | 110% | 158% | 147% | 194% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 81 | 52 | 49 | 49 | 48 | 46 | 74 | 52 | 49 | 52 | 53 | 53 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 81 | 52 | 49 | 49 | 48 | 46 | 74 | 52 | 49 | 52 | 53 | 53 |
| Working Capital Days | -53 | -94 | -102 | -176 | -196 | -189 | -142 | -158 | -155 | -133 | -177 | -274 |
| ROCE % | 11% | 11% | 8% | 9% | 11% | 11% | 9% | 9% | 9% | 9% | 10% | 9% |
Insights
In beta| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Budge Budge (BBGS) Plant Load Factor % |
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| CESC Kolkata Power Sales Volume MU |
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| CESC Kolkata T&D Loss % |
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| Haldia Energy (HEL) Plant Load Factor % |
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| NPCL (Noida Power) Sales Volume MU |
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| NPCL (Noida Power) T&D Loss % |
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| Rajasthan DF Combined Sales Volume (Kota + Bharatpur + Bikaner) MU |
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| Budge Budge (BBGS) Sent Out Units MU |
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| Renewable Pipeline Capacity (Purvah Green) MW |
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Extracted by Screener AI
Documents
Announcements
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Reg. 34 (1) Annual Report.
- CESC issued FY2025-26 annual report; 48th AGM on September 11, 2026, with 600% dividend noted.
- Announcement under Regulation 30 (LODR)-Newspaper Publication
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
- Subsidiary Purvah received SECI LOA for 70 MW FDRE-RTC supply at Rs. 5.25/kWh for 25 years.
- Notice Calling The Forty-Eighth Annual General Meeting And The Annual Report For The Financial Year 2025-26
- Announcement under Regulation 30 (LODR)-Investor Presentation
Annual reports
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Financial Year 2026
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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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Concalls
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Aug 2026TranscriptAI SummaryPPT
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Nov 2020TranscriptAI SummaryPPT
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Nov 2019TranscriptAI SummaryPPT
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Nov 2016TranscriptAI SummaryPPT
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Sep 2016TranscriptAI SummaryPPT
Parentage:[1] [2]
The company is the flagship entity of the RP-Sanjiv Goenka Group, a diversified conglomerate with operations across more than 60 countries and a global network of over 100 offices. The Group reported a turnover of Rs. 42,113 Cr in FY25 and has business interests spanning power, infrastructure, carbon black, retail, education, BPO, and media & entertainment.