CESC Ltd

CESC Ltd

₹ 173 -0.89%
21 May 12:33 p.m.
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 22,879 Cr.
  • Current Price 173
  • High / Low 213 / 119
  • Stock P/E 16.7
  • Book Value 90.6
  • Dividend Yield 2.62 %
  • ROCE 10.9 %
  • ROE 11.7 %
  • Face Value 1.00

Pros

  • Company has been maintaining a healthy dividend payout of 44.0%

Cons

  • The company has delivered a poor sales growth of 6.93% over past five years.
  • Company has a low return on equity of 12.0% over last 3 years.
  • Earnings include an other income of Rs.1,622 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
3,011 4,102 3,913 3,129 3,102 4,310 4,352 3,244 3,387 4,863 4,700 3,561 3,877
2,315 3,452 3,423 2,633 2,589 3,586 3,706 2,898 2,977 4,492 3,804 2,951 3,065
Operating Profit 696 650 490 496 513 724 646 346 410 371 896 610 812
OPM % 23% 16% 13% 16% 17% 17% 15% 11% 12% 8% 19% 17% 21%
409 191 421 426 547 323 423 617 645 744 189 396 293
Interest 298 265 274 289 289 308 305 296 325 322 328 339 335
Depreciation 223 217 221 219 221 300 303 303 311 301 295 305 304
Profit before tax 584 359 416 414 550 439 461 364 419 492 462 362 466
Tax % 24% 17% 23% 19% 19% 16% 21% 17% 1% 21% 19% 22% 17%
445 297 319 336 445 368 363 301 415 388 373 282 385
EPS in Rs 3.20 2.16 2.30 2.41 3.27 2.62 2.63 2.12 3.02 2.85 2.66 2.00 2.81
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
10,111 11,067 12,124 8,363 10,275 10,664 12,159 11,632 12,544 14,246 15,293 17,001
8,413 9,088 8,839 5,510 7,235 7,738 8,902 8,338 9,502 11,972 13,017 14,312
Operating Profit 1,698 1,979 3,285 2,854 3,040 2,926 3,257 3,293 3,042 2,274 2,276 2,689
OPM % 17% 18% 27% 34% 30% 27% 27% 28% 24% 16% 15% 16%
177 153 116 475 454 1,163 842 665 1,006 1,584 2,000 1,622
Interest 645 1,045 1,593 1,482 1,411 1,432 1,484 1,340 1,248 1,241 1,377 1,324
Depreciation 471 589 766 715 751 764 848 867 885 878 1,217 1,205
Profit before tax 758 498 1,042 1,131 1,331 1,893 1,768 1,752 1,915 1,739 1,683 1,782
Tax % 24% 40% 30% 28% 27% 37% 26% 22% 27% 20% 14% 20%
573 299 729 810 975 1,198 1,309 1,363 1,404 1,397 1,447 1,428
EPS in Rs 3.94 1.50 4.51 5.21 6.88 8.93 9.56 10.04 10.25 10.13 10.38 10.33
Dividend Payout % 20% 60% 22% 19% 18% 20% 21% 45% 44% 45% 44% 44%
Compounded Sales Growth
10 Years: 4%
5 Years: 7%
3 Years: 11%
TTM: 11%
Compounded Profit Growth
10 Years: 21%
5 Years: 2%
3 Years: 0%
TTM: 1%
Stock Price CAGR
10 Years: 15%
5 Years: 26%
3 Years: 30%
1 Year: 18%
Return on Equity
10 Years: 11%
5 Years: 13%
3 Years: 12%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 5,509 5,896 10,470 10,489 8,287 8,841 9,278 9,740 10,263 10,777 11,312 11,876
11,916 14,202 14,877 15,599 14,578 14,479 13,991 14,277 14,961 14,263 14,544 17,978
7,396 7,629 10,947 11,248 9,988 10,017 12,055 11,712 12,136 12,539 11,179 10,994
Total Liabilities 24,948 27,860 36,428 37,470 32,986 33,470 35,457 35,862 37,493 37,712 37,168 40,981
14,511 20,869 26,500 26,626 23,854 23,649 24,739 24,197 23,216 22,826 22,131 22,767
CWIP 5,312 410 505 392 217 161 168 134 102 140 175 427
Investments 106 670 1,002 1,110 1,174 1,185 180 308 460 77 57 59
5,019 5,912 8,420 9,343 7,742 8,474 10,371 11,222 13,716 14,669 14,806 17,728
Total Assets 24,948 27,860 36,428 37,470 32,986 33,470 35,457 35,862 37,493 37,712 37,168 40,981

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
2,251 889 2,480 2,655 2,469 2,294 3,408 2,806 2,499 1,978 2,351 2,582
-3,180 -2,381 -1,220 -1,493 -1,606 -686 -466 -1,489 -575 -545 -564 -3,013
822 1,331 -1,181 -760 -1,485 -1,737 -2,219 -1,739 -611 -2,457 -1,642 1,337
Net Cash Flow -107 -161 80 402 -623 -130 723 -423 1,313 -1,024 146 906

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 55 56 43 68 55 60 55 73 61 56 54 52
Inventory Days
Days Payable
Cash Conversion Cycle 55 56 43 68 55 60 55 73 61 56 54 52
Working Capital Days -53 -34 -32 -19 -24 -27 -47 34 28 27 15 16
ROCE % 8% 8% 12% 10% 11% 14% 14% 13% 13% 11% 12% 11%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
52.11% 52.11% 52.11% 52.11% 52.11% 52.11% 52.11% 52.11% 52.11% 52.11% 52.11% 52.11%
13.92% 13.27% 12.71% 12.18% 12.20% 13.14% 11.95% 12.91% 13.56% 13.30% 12.36% 11.01%
21.35% 22.03% 22.00% 21.75% 21.04% 20.06% 21.44% 21.12% 22.63% 22.63% 23.75% 25.10%
0.01% 0.02% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
12.61% 12.57% 13.15% 13.92% 14.63% 14.68% 14.49% 13.83% 11.70% 11.96% 11.78% 11.77%
No. of Shareholders 2,91,4532,87,9172,90,4953,07,7943,10,9873,12,8393,27,2123,63,7763,32,4594,05,3124,10,0154,23,004

* 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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Documents

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