CESC Limited
₹124.60-₹3.50 (-2.7%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹21,217 Cr
- P/E
- 25.2x
- EV / EBITDA
- 11.6x
- Revenue
- ₹9,584 Cr
- Net margin
- 9.0%
- ROCE
- 4.5%
Price chart
Technical chartScreen technicals →-30.8% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -6.9%
- 3M
- -24.4%
- 6M
- -33.5%
- 1Y
- -30.8%
- 5Y
- +35.9%
52-week range
Day change -₹3.50 (-2.7%) from ₹128 to ₹125 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in CESC, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Maintains healthy dividend payout of 77.0%
Concerns1
- Low interest coverage ratio of 1.0x
Rule-based from financial data. Not advice.
About the company
CESC Limited, an integrated electrical utility company, engages in the generation and distribution of electricity in India.
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CESC Limited, an integrated electrical utility company, engages in the generation and distribution of electricity in India. It owns and operates two thermal power plants, including Budge Budge generating station with a generating capacity of 750 megawatts and Southern generating stations with a generating capacity of 135 megawatts; a 40-megawatt atmospheric fluidized bed combustion power plant in Asansol, West Bengal; a 300-megawatt solar project in Bhadla, Rajasthan; a 450-megawatt hybrid project comprising a 150-megawatt solar unit and 300-megawatt wind unit in Mandsaur, Madhya, Pradesh; and a 450-megawatt hybrid project that consists of a 150-megawatt solar unit in Bikaner, Rajasthan and a 300-megawatt wind unit in Ananthapuram, Andhra Pradesh. The company was founded in 1899 and is headquartered in Kolkata, India.
- Sector
- Energy
- Shares outstanding
- 133 Cr shares
- ISIN
- INE486A01021
- BSE code
- 500084
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹21,217 Cr
- P/E
- 25.2x
- P/B
- 2.1x
- EV / EBITDA
- 11.6x
- EV / Sales
- 3.4x
- P/S
- 2.5x
- Earnings yield
- 4.0%
- 52-week high
- ₹198.85
- 52-week low
- ₹123.40
Profitability
- Operating margin
- 10.2%
- Net margin
- 9.0%
- EBITDA margin
- 29.0%
- ROE
- 7.8%
- ROCE
- 4.5%
- ROA
- 2.7%
- Dividend payout
- 77.0%
- Tax rate
- 16.0%
- Other income, % of PBT
- 175.5%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹9,584 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 11.4%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 1.9%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹2,499 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 10.8%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 3.2%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -3.3%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,039 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -13.1%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹232 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 0.3%
Solvency and efficiency
- Current ratio
- 1.67
- Debt / Equity
- 0.97
- Debt / Assets
- 0.34
- Debt / EBITDA
- 3.83
- Interest coverage
- 1.03
- Financial leverage
- 2.87
- CFO / Net profit
- 1.34
- Cash / Market cap
- 45.2%
- Cash per share
- ₹72.37
- Asset turnover
- 0.30
- Fixed asset turnover
- 0.64
- Capital intensity
- 1.56
- Debtor days
- 52 days
- Cash conversion cycle
- 52 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹8 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹8,148 Cr |
| Sales | Operating profit | ₹1,436 Cr |
| Operating profit | Interest | ₹996 Cr |
| Operating profit | Depreciation | ₹440 Cr |
| Other income | Depreciation | ₹254 Cr |
| Other income | Profit before tax | ₹1,062 Cr |
| Profit before tax | Tax and other | ₹262 Cr |
| Profit before tax | Net profit | ₹800 Cr |
Revenue and net profit
Revenue grew 11.4% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹6,921 Cr | ₹814 Cr |
| FY2022 | ₹7,294 Cr | ₹816 Cr |
| FY2023 | ₹7,973 Cr | ₹830 Cr |
| FY2024 | ₹8,606 Cr | ₹775 Cr |
| FY2025 | ₹9,584 Cr | ₹800 Cr |
Cash flows
FY2025: ₹1,821 Cr from operations, -₹837 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹810 Cr | -₹255 Cr |
| FY2022 | ₹709 Cr | ₹330 Cr |
| FY2023 | ₹1,196 Cr | ₹816 Cr |
| FY2024 | ₹1,039 Cr | ₹476 Cr |
| FY2025 | ₹1,821 Cr | -₹837 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹9,584 Cr+11.4%1Y
- Net profit
- ₹800 Cr+3.2%1Y
- Cash from operations
- ₹1,821 Cr
- Free cash flow
- -₹837 Cr-275.8%1Y
- Revenue CAGR, 5Y
- 1.9%
- EBITDA CAGR, 5Y
- 2.4%
- Net profit CAGR, 5Y
- -3.3%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹9,584 Cr | ₹1,436 Cr | — | ₹800 Cr | ₹1,821 Cr | -₹837 Cr | 8.1% | +11.4% | +3.2% |
Monthly returns
Month-by-month returns of CESC across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹30,213 Cr |
| Equity capital | ₹133 Cr |
| Reserves | ₹9,752 Cr |
| Borrowings | ₹11,677 Cr |
| Other liabilities | ₹8,651 Cr |
| Assets | ₹30,213 Cr |
| Fixed assets | ₹13,027 Cr |
| Capital work in progress | ₹95 Cr |
| Investments | ₹6,381 Cr |
| Other assets | ₹10,709 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
CESC trades at 25.2x earnings against a peer median of 24.8x.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| CESC LimitedCESCthis company | ₹21,217 Cr | 25.2x | 2.1x | 7.8% | 11.6x |
| Gujarat Gas LimitedGUJGASLTD | ₹28,087 Cr | 25.2x | 3.2x | 14.9% | 13.4x |
| Mangalore Refinery & PetrochemicalsMRPL | ₹25,464 Cr | 24.6x | 1.9x | 27.1% | 4.5x |
| Indraprashtha Gas Ltd.IGL | ₹25,331 Cr | 18.6x | 2.6x | 20.4% | 9.0x |
| Castrol India LtdCASTROLIND | ₹18,555 Cr | 19.0x | 10.2x | — | — |
| Gujarat State Petronet Ltd.GUJARAT | ₹16,858 Cr | 23.0x | 1.5x | 12.5% | 9.0x |
| Kirloskar Oil Engines LimitedKIRLOSENG | ₹16,727 Cr | 38.5x | 5.3x | 13.8% | 28.2x |
| NAVA LIMITEDNAVA | ₹15,907 Cr | 35.6x | 4.3x | 6.0% | 47.1x |
| Emmvee Photovoltaic Power LimitedEMMVEE | ₹14,711 Cr | 129.0x | — | 33.3% | 76.5x |
| Peer median | — | 24.8x | 3.1x | 12.8% | 15.7x |
Year-to-date ROI
CESC since 1 January, against earlier years.
Historical volatility
CESC's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 19.0% |
| FY2022 | 17.0% |
| FY2023 | 16.0% |
| FY2024 | 10.0% |
| FY2025 | 15.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹9,584 Cr |
| Costs | |
| Interest | ₹996 Cr |
| Expenses | ₹8,148 Cr |
| Operating profitOperating Profit | ₹1,436 Cr |
| Other income and charges | |
| Profit before tax | ₹1,062 Cr |
| Tax | |
| Net profitNet Profit | ₹800 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹30,213 Cr |
| Equity capitalEquity Capital | ₹133 Cr |
| Reserves | ₹9,752 Cr |
| Borrowings | ₹11,677 Cr |
| Other liabilitiesOther Liabilities | ₹8,651 Cr |
| AssetsTotal Assets | ₹30,213 Cr |
| Fixed assetsFixed Assets | ₹13,027 Cr |
| Capital work in progressCWIP | ₹95 Cr |
| Investments | ₹6,381 Cr |
| Other assetsOther Assets | ₹10,709 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹1,821 Cr |
| Investing cash flowCash from Investing Activity | -₹2,658 Cr |
| Financing cash flowCash from Financing Activity | ₹605 Cr |
| Change in cashNet Cash Flow | -₹232 Cr |
Learn while you research
Academy chapters picked for CESC Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 04 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read