CESC Ltd
Incorporated in 1978, CESC Ltd is in the business of generation and distribution of Electricity[1]
- Market Cap ₹ 22,058 Cr.
- Current Price ₹ 166
- High / Low ₹ 213 / 119
- Stock P/E 16.0
- Book Value ₹ 90.6
- Dividend Yield 2.70 %
- ROCE 11.2 %
- ROE 11.3 %
- 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 11.9% over last 3 years.
- Earnings include an other income of Rs.1,189 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
Consolidated Figures in Rs. Crores / View Standalone
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
10,111 | 11,067 | 12,124 | 8,363 | 10,275 | 10,664 | 12,159 | 11,632 | 12,544 | 14,246 | 15,293 | 17,001 | 17,340 | |
8,413 | 9,088 | 8,839 | 5,510 | 7,235 | 7,738 | 8,902 | 8,338 | 9,502 | 11,972 | 13,017 | 14,152 | 14,158 | |
Operating Profit | 1,698 | 1,979 | 3,285 | 2,854 | 3,040 | 2,926 | 3,257 | 3,293 | 3,042 | 2,274 | 2,276 | 2,849 | 3,182 |
OPM % | 17% | 18% | 27% | 34% | 30% | 27% | 27% | 28% | 24% | 16% | 15% | 17% | 18% |
177 | 153 | 116 | 475 | 454 | 1,163 | 842 | 665 | 1,006 | 1,584 | 2,000 | 1,618 | 1,189 | |
Interest | 645 | 1,045 | 1,593 | 1,482 | 1,411 | 1,432 | 1,484 | 1,340 | 1,248 | 1,241 | 1,377 | 1,479 | 1,365 |
Depreciation | 471 | 589 | 766 | 715 | 751 | 764 | 848 | 867 | 885 | 878 | 1,217 | 1,205 | 1,208 |
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 | 1,798 |
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 | 1,444 | |
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 | 10.39 |
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: | 9% |
Compounded Profit Growth | |
---|---|
10 Years: | 21% |
5 Years: | 1% |
3 Years: | -1% |
TTM: | -2% |
Stock Price CAGR | |
---|---|
10 Years: | 15% |
5 Years: | 20% |
3 Years: | 28% |
1 Year: | -16% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 12% |
3 Years: | 12% |
Last Year: | 11% |
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 | 22,766 | |
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 | -91 | -98 | -103 | -123 | -102 | -109 | -120 | -66 | -94 | -89 | -70 | -90 |
ROCE % | 8% | 8% | 12% | 10% | 11% | 14% | 14% | 13% | 13% | 11% | 12% | 11% |
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 11 Sep
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Announcement under Regulation 30 (LODR)-Change in Management
11 Sep - AGM Sep 11, 2025: six resolutions approved including interim dividend, re-appointment, charge creation; voting results attached.
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Shareholder Meeting / Postal Ballot-Outcome of AGM
11 Sep - AGM held Sept 11, 2025; six resolutions passed, interim dividend confirmed; secretarial auditor appointed; voting results disclosed.
- Announcement under Regulation 30 (LODR)-Investor Presentation 6 Sep
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List Of Participants At Investors Meet
4 Sep - List of investors attending RPSG Investor Day on September 8, 2025 (physical mode).
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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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]