CESC Ltd

CESC Ltd

₹ 182 -2.03%
29 May - close price
About

Incorporated in 1978, CESC Ltd is in the business of generation and distribution of Electricity[1]

Key Points

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]

  • Market Cap 24,137 Cr.
  • Current Price 182
  • High / Low 204 / 138
  • Stock P/E 28.3
  • Book Value 73.3
  • Dividend Yield 3.30 %
  • ROCE 9.41 %
  • ROE 8.69 %
  • Face Value 1.00

Pros

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.742 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,655 2,525 2,448 1,819 1,814 2,860 2,639 1,938 2,147 2,862 2,676 2,024 2,170
1,417 2,181 2,125 1,757 1,781 2,786 2,130 1,676 1,686 2,333 2,078 1,612 1,778
Operating Profit 238 344 323 62 33 74 509 262 461 529 598 412 392
OPM % 14% 14% 13% 3% 2% 3% 19% 14% 21% 18% 22% 20% 18%
389 231 336 512 540 582 154 371 209 137 107 194 304
Interest 166 181 176 177 205 207 215 228 216 224 222 217 207
Depreciation 122 179 178 180 183 175 169 174 176 169 169 170 170
Profit before tax 339 215 305 217 185 274 279 231 278 273 314 219 319
Tax % 22% 21% 25% 22% -11% 30% 22% 26% 22% 23% 23% 20% 30%
263 170 230 170 205 192 218 172 218 211 242 176 223
EPS in Rs 1.98 1.28 1.74 1.28 1.55 1.45 1.64 1.30 1.64 1.59 1.83 1.33 1.68
Raw PDF

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
6,189 6,796 7,220 7,786 7,754 7,836 6,921 7,294 7,973 8,606 9,584 9,732
4,552 4,765 5,486 6,046 6,286 6,297 5,633 6,075 6,686 7,725 8,148 7,801
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
OPM % 26% 30% 24% 22% 19% 20% 19% 17% 16% 10% 15% 20%
85 -61 334 377 722 678 637 906 968 1,618 1,316 742
Interest 496 555 558 592 574 650 616 611 715 857 996 870
Depreciation 343 370 409 426 433 448 463 471 480 720 694 678
Profit before tax 883 1,046 1,101 1,099 1,183 1,119 847 1,044 1,060 922 1,062 1,125
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
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
Dividend Payout % 17% 16% 15% 19% 25% 29% 74% 73% 72% 77% 75% 0%
Compounded Sales Growth
10 Years: 4%
5 Years: 7%
3 Years: 7%
TTM: 2%
Compounded Profit Growth
10 Years: -1%
5 Years: 1%
3 Years: 2%
TTM: 8%
Stock Price CAGR
10 Years: 16%
5 Years: 22%
3 Years: 38%
1 Year: 12%
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 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Kolkata License Area Power Sales
Million Units (MU)

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Kolkata License Area T&D Loss
%
Noida Power (NPCL) Sales
Million Units (MU)
Plant Load Factor (PLF) - Haldia Energy
%
Total Consumer Base
Million

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
52.11% 52.11% 52.11% 52.11% 52.11% 52.11% 52.11% 52.11% 52.11% 52.11% 52.11% 52.11%
12.20% 13.14% 11.95% 12.91% 13.56% 13.30% 12.36% 11.01% 10.93% 11.09% 11.88% 11.61%
21.04% 20.06% 21.44% 21.12% 22.63% 22.63% 23.75% 25.10% 25.38% 25.65% 25.61% 26.24%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
14.63% 14.68% 14.49% 13.83% 11.70% 11.96% 11.78% 11.77% 11.56% 11.14% 10.39% 10.05%
No. of Shareholders 3,10,9873,12,8393,27,2123,63,7763,32,4594,05,3124,10,0154,23,0044,08,7413,85,9583,62,4073,47,619

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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