CESC

What does CESC do?

CESC Ltd is an integrated power utility company involved in electricity generation and distribution, with a market cap of Rs 22,097 Cr and a net profit of 373 Cr as of March 2025. It has a P/E ratio of 16.00 and a dividend yield of 2.70%.

Overview:<BR>CESC Ltd is an integrated power utility company engaged in the generation and distribution of electricity, operating in the power industry with a large-cap market capitalization.<BR><BR>History:<BR>CESC Ltd was incorporated in 1899 and has been a flagship company of the RP-Sanjiv Goenka Group. The latest quarterly results reported are for March 2025, showing net sales and profit figures.<BR><BR>Financial Snapshot:<BR>- Net Sales: 3,877 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: 373 Cr (Quarterly Results - Mar 2025)<BR>- Market Cap: Rs 22,097 Cr (Large Cap)<BR><BR>Key Metrics:<BR>- P/E: 16.00<BR>- Industry P/E: 20<BR>- Dividend Yield: 2.70%<BR>- Debt Equity: 1.16<BR>- Return on Equity: 11.40%<BR>- Price to Book: 1.84<BR><BR>Contact Details:<BR>Address: CESC House, Chowringhee Square Kolkata West Bengal : 700001<BR>Tel: 91-33-22256040<BR>Email: secretarial@rp-sg.in<BR>Website: http://www.cesc.co.in

Has CESC declared dividend?

CESC Ltd has declared a 450% dividend, amounting to ₹4.5 per share, with an ex-date of January 16, 2025. The company has shown strong total returns over various periods, including a 268.25% total return over the past 5 years.

CESC Ltd has declared a 450% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 450%<BR>- Amount per share: 4.5<BR>- Ex-date: Jan-16-2025<BR><BR>Dividend Yield: 2.7%<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -15.95%, the dividend return was 2.25%, resulting in a total return of -13.7%.<BR><BR>Over the past year, the price return was 16.65%, the dividend return was 3.05%, leading to a total return of 19.7%.<BR><BR>In the 2-year period, the price return was 132.92%, with a dividend return of 12.50%, culminating in a total return of 145.42%.<BR><BR>For the 3-year period, the price return was 112.41%, the dividend return was 19.55%, resulting in a total return of 131.96%.<BR><BR>In the last 4 years, the price return was 137.57%, with a dividend return of 23.37%, leading to a total return of 160.94%.<BR><BR>Over the past 5 years, the price return was 169.13%, while the dividend return was 99.12%, resulting in a total return of 268.25%.<BR><BR>Overall, CESC Ltd has declared a significant dividend and has shown strong total returns over various periods, indicating a positive performance trend in both price and dividends.

Who are the peers of the CESC?

CESC's peers include NTPC, Power Grid Corp, Adani Power, Adani Green, Tata Power Co., Nava, Reliance Infra, Waaree Renewables, JP Power Ventures, and KPI Green Energy. Management risk varies from excellent at Adani Power and Tata Power to below average at Reliance Infra, with growth and capital structure ratings also differing among peers.

Peers: The peers of CESC are NTPC, Power Grid Corpn, Adani Power, Adani Green, Tata Power Co., Nava, Reliance Infra, Waaree Renewab., JP Power Ven., and KPI Green Energy.<BR><BR>Quality Snapshot: Excellent management risk is observed at Adani Power, Tata Power Co., and Waaree Renewab., while Average management risk is found at NTPC, CESC, Nava, and KPI Green Energy, and Below Average management risk is noted at Reliance Infra and JP Power Ven. Growth is Excellent for Adani Power, Tata Power Co., and Nava, while Good growth is seen at NTPC and Reliance Infra, Average growth is present at CESC, Power Grid Corpn, and JP Power Ven., and Below Average growth is noted at Adani Green and Waaree Renewab. Capital Structure is Excellent at Nava, Good at Waaree Renewab., and Below Average at NTPC, Power Grid Corpn, Adani Power, Adani Green, Tata Power Co., CESC, Reliance Infra, JP Power Ven., and KPI Green Energy.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Nava at 94.51%, while the peer with the lowest is Adani Power at -37.51%. CESC's own 1-year return is 5.85%, which is higher than Adani Power but lower than Nava. Additionally, the six-month return is negative for NTPC, Power Grid Corpn, Adani Power, Adani Green, Tata Power Co., CESC, and Waaree Renewab.

Who are in the management team of CESC?

As of March 2023, CESC's management team includes Sanjiv Goenka (Chairman), Rabi Chowdhury and Debasish Banerjee (Managing Directors), Shashwat Goenka (Vice Chairman), and several non-executive and independent directors, ensuring a diverse range of expertise and governance.

As of March 2023, the management team of CESC includes the following members:<BR><BR>1. Sanjiv Goenka - Chairman (Non-Executive)<BR>2. P K Khaitan - Non-Executive & Non-Independent Director<BR>3. C K Dhanuka - Non-Executive & Independent Director<BR>4. Rekha Sethi - Non-Executive & Independent Director<BR>5. Pratip Chaudhuri - Non-Executive & Independent Director<BR>6. Rabi Chowdhury - Managing Director<BR>7. Debasish Banerjee - Managing Director<BR>8. Shashwat Goenka - Vice Chairman<BR>9. Sunil Mitra - Non-Executive & Independent Director<BR>10. Jagdish Patra - Company Secretary & Compliance Officer<BR>11. Debanjan Mandal - Non-Executive & Independent Director<BR><BR>This diverse team brings a range of expertise and governance to the company.

Who are the top shareholders of the CESC?

The top shareholders of CESC include Rainbow Investments Limited with 44.36%, mutual funds holding 17.51%, Foreign Institutional Investors at 11.01%, and SBI Balanced Advantage Fund as the largest public shareholder with 6.57%. Individual investors collectively own 9.03% of the shares.

The top shareholders of CESC include the promoters, who hold a significant majority of the shares. The promoter with the highest holding is Rainbow Investments Limited, which owns 44.36% of the company. Additionally, mutual funds are represented by 32 schemes, accounting for 17.51% of the shares. Foreign Institutional Investors (FIIs) hold 11.01% through 169 different entities. The highest public shareholder is SBI Balanced Advantage Fund, with a holding of 6.57%. Individual investors collectively hold 9.03% of the shares.

How big is CESC?

As of 24th July, CESC Ltd has a market capitalization of 23,728.00 Cr, with recent Net Sales of 17,001.00 Cr and a Net Profit of 1,369.00 Cr.

As of 24th July, CESC Ltd has a market capitalization of 23,728.00 Cr, categorizing it as a Large Cap company.<BR><BR>In the latest four quarters, CESC reported Net Sales of 17,001.00 Cr and a Net Profit of 1,369.00 Cr.<BR><BR>The latest annual period for the balance sheet is March 2024, with Shareholder's Funds amounting to 11,445.64 Cr and Total Assets valued at 37,167.78 Cr.

When is the next results date for CESC?

CESC will declare its results on 17 October 2025.

CESC will declare its results on 17 October 2025.

Is CESC overvalued or undervalued?

As of October 20, 2025, CESC is considered very attractive and undervalued with a PE ratio of 16.38, an EV to EBITDA of 12.38, and a Price to Book Value of 0.19, indicating competitive positioning despite recent underperformance compared to the Sensex, but strong historical returns suggest potential for future growth.

As of 20 October 2025, CESC's valuation grade has moved from attractive to very attractive, indicating a positive shift in its perceived value. The company is currently considered undervalued. Key ratios include a PE ratio of 16.38, an EV to EBITDA of 12.38, and a Price to Book Value of 0.19, which suggest that the stock is trading at a discount compared to its intrinsic value.<BR><BR>In comparison to its peers, CESC's PE ratio is higher than NTPC's 13.85 but significantly lower than Adani Power's 26.45, highlighting its competitive positioning within the industry. Additionally, CESC's EV to EBITDA ratio of 12.38 is more favorable than Adani Power's 17.34, reinforcing its attractiveness. While CESC has underperformed the Sensex year-to-date with a return of -3.58% compared to the Sensex's 7.97%, its strong historical performance over the past three and five years, with returns of 129.97% and 211.62% respectively, suggests potential for recovery and growth moving forward.

How has been the historical performance of CESC?

CESC has shown steady growth in financial performance, with net sales increasing from 11,632 Cr in Mar'21 to 17,001 Cr in Mar'25, and total operating income reaching the same figure. Key metrics like operating profit and cash flow have improved, indicating a strong and expanding business despite rising liabilities and debt.

Answer:<BR>The historical performance of CESC shows a steady growth in net sales and operating income over the years, with net sales increasing from 11,632.00 Cr in Mar'21 to 17,001.00 Cr in Mar'25. Total operating income followed a similar trend, rising from 12,159.00 Cr in Mar'20 to 17,001.00 Cr in Mar'25. The total expenditure, excluding depreciation, also grew from 8,465.00 Cr in Mar'21 to 14,312.00 Cr in Mar'25, reflecting the company's expanding operations. Operating profit (PBDIT) increased from 2,126.00 Cr in Mar'24 to 3,063.00 Cr in Mar'25, while profit before tax showed a slight increase from 1,683.00 Cr in Mar'24 to 1,782.00 Cr in Mar'25. Profit after tax remained relatively stable, with a slight decrease from 1,447.00 Cr in Mar'24 to 1,428.00 Cr in Mar'25. The company's total assets rose significantly from 35,457.02 Cr in Mar'20 to 40,981.08 Cr in Mar'25, indicating a strong asset base. Total liabilities also increased, from 35,457.02 Cr in Mar'20 to 40,981.08 Cr in Mar'25, with total debt rising from 10,372.34 Cr in Mar'20 to 15,624.42 Cr in Mar'25. Cash flow from operating activities improved from 2,351.00 Cr in Mar'24 to 2,581.00 Cr in Mar'25, contributing to a net cash inflow of 905.00 Cr in Mar'25.<BR><BR>Breakdown:<BR>CESC's financial performance over the years demonstrates a consistent upward trajectory in key metrics. Net sales surged from 11,632.00 Cr in Mar'21 to 17,001.00 Cr in Mar'25, while total operating income mirrored this growth, reaching 17,001.00 Cr in the same period. The total expenditure also increased, reflecting the company's operational expansion, with a notable rise in operating profit (PBDIT) from 2,126.00 Cr in Mar'24 to 3,063.00 Cr in Mar'25. Despite fluctuations, profit before tax showed resilience, increasing slightly to 1,782.00 Cr in Mar'25. The total assets of CESC grew significantly, indicating a robust financial position, while total liabilities and debt also rose, suggesting increased leverage. The cash flow from operating activities improved, leading to a positive net cash inflow, showcasing the company's ability to generate cash effectively. Overall, CESC's financial metrics reflect a strong and growing business.

Is CESC technically bullish or bearish?

As of November 3, 2025, the market trend is mildly bullish, supported by daily moving averages and weekly bullish signals, though caution is advised due to mixed monthly indicators and neutral signals from RSI and OBV.

As of 3 November 2025, the technical trend has changed from bullish to mildly bullish. The current stance is mildly bullish, primarily driven by the daily moving averages indicating bullish momentum and the weekly MACD and KST also showing bullish signals. However, the monthly MACD and KST are mildly bearish, suggesting some caution. The Bollinger Bands are mildly bullish on both weekly and monthly time frames, reinforcing the overall positive sentiment. The lack of clear trends in Dow Theory and the neutral signals from RSI and OBV indicate a mixed picture, but the prevailing indicators lean towards a mildly bullish outlook.

Are CESC Ltd latest results good or bad?

CESC Ltd's latest Q3 FY26 results show year-on-year growth in net profit and sales, but significant quarter-on-quarter declines raise concerns about operational efficiency. Overall, the mixed performance suggests caution for investors due to pressures on profitability and high leverage.

CESC Ltd's latest results for Q3 FY26 present a mixed picture. On one hand, there is a year-on-year improvement in both net profit and net sales, with net profit increasing by 7.55% to ₹285 crore and net sales rising by 12.47% to ₹4,005 crore compared to the same quarter last year. However, the quarter-on-quarter performance is concerning, showing a significant decline. Net profit dropped by 33.41% from ₹428 crore in the previous quarter, and net sales fell by 23.96% from ₹5,267 crore.<BR><BR>The operating margin also saw a decrease, down to 19.45% from 20.14% in the previous quarter, although it improved from 17.13% year-on-year. The PAT margin has compressed to 7.59%, reflecting pressures on profitability.<BR><BR>Overall, while the year-on-year growth is a positive sign, the sharp quarter-on-quarter declines raise concerns about operational efficiency and sustainability. This deterioration in financial performance, combined with high leverage and weak capital returns, suggests that the results are more negative than positive, warranting caution for investors.

Should I buy, sell or hold CESC Ltd?

Why is CESC Ltd falling/rising?

As of 16-Mar, CESC Ltd's stock price is at 156.85, down 1.78%. The decline is due to underperformance against its sector, a trend reversal, high debt levels, and poor long-term growth prospects, despite increased investor participation.

As of 16-Mar, CESC Ltd's stock price is currently at 156.85, reflecting a decrease of 2.85 points or 1.78%. This decline can be attributed to several factors. Firstly, the stock has underperformed its sector by 2.07% today and has experienced a trend reversal, falling after two consecutive days of gains. The stock reached an intraday low of Rs 153.65, which is a drop of 3.79%. <BR><BR>Despite a recent increase in investor participation, with delivery volume rising by 149.15% against the 5-day average, the overall performance today indicates weakness. The stock is trading below its 100-day and 200-day moving averages, although it remains above the 5-day, 20-day, and 50-day moving averages. <BR><BR>Financially, the company faces challenges with a high Debt to EBITDA ratio of 4.58 times, indicating a low ability to service its debt. Additionally, the company's operating profit has only grown at an annual rate of 3.39% over the last five years, suggesting poor long-term growth prospects. Recent quarterly results show significant declines in profit before tax, profit after tax, and net sales compared to previous averages, with falls of 21.8%, 21.5%, and 10.5% respectively. <BR><BR>These factors collectively contribute to the stock's current decline, overshadowing its previous performance and high dividend yield of 3.76%.

Which are the latest news on CESC?