CESC Limited

CESC.BO

CESC.BOCESC Limited IN flag

Bombay Stock Exchange

199.55

INR

+1.80

(+0.91%)

10.66EPS

18.72P/E

264.52BMarket Cap

Jan 17Next Earn

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ISIN

INE486A01021

Return %

Stock

S&P500

68.95

31.56

125.86

30.33

173.24

93.64

Use logarithmic scale

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	TTM
Revenue per Share	47.16	60.48	80.93	86.45	91.46	63.09	77.51	80.45	91.73	87.8	94.63	107.47	115.37	122.25
Basic EPS, GAAP	1.97	3.68	3.94	1.55	4.51	5.21	6.88	8.93	9.56	10.04	10.25	10.13	10.38	10.66
Free Cash Flow per Basic Share	-12.34	-14.39	-9.36	-8.29	9.15	8.93	11.88	10.98	18.78	16.02	12.98	9.68	11.92	- -
Dividend per Share	0.4	0.5	0.7	0.78	1.88	1	1.19	1.75	2.22	4.48	4.55	4.55	4.57	- -
Book Value per Share	1.01	1.01	-9.45	-14.62	63.58	63.86	61.4	65.57	78.17	81.46	85.24	89.04	92.84	1
Tangible Book Value per Share	35.94	28.77	32.13	73.44	69.61	72.25	62.77	67.13	72.45	76.23	80.69	84.94	89.52	94.59
Basic Weighted Avg Shares	1,249	1,249	1,249	1,280	1,326	1,326	1,326	1,326	1,326	1,326	1,326	1,326	1,326	1,325
Sales/Revenue/Turnover	58,917	75,566	101,108	110,666	121,242	83,634	102,749	106,641	121,589	116,386	125,439	142,464	152,932	161,942
Operating Margin (%)	12.49	15.33	13.31	13.39	21.51	25.89	23.09	20.22	19.76	20.91	17.65	10.11	7.22	0.95
Depreciation Expense	3,400	3,645	4,714	5,889	7,665	7,148	8,110	7,638	8,480	11,102	11,100	10,920	14,659	12,097
Net Income, GAAP	2,459	4,594	4,916	1,985	5,985	6,908	9,126	11,840	12,670	13,309	13,581	13,428	13,764	14,124
Effective Tax Rate (%)	37.89	26.77	24.47	39.99	30.04	32.9	28.58	36.71	25.95	22.19	26.7	19.65	14.01	14.96
Profit Margin (%)	4.17	6.08	4.86	1.79	4.94	8.26	8.88	11.1	10.42	11.44	10.83	9.43	9	8.72
Working Capital	1,585	2,538	-12,756	-16,702	-16,231	-5,220	-11,782	-16,307	-20,078	-652	2,851	-8,753	-2,082	590
LT Debt	43,007	78,113	91,323	100,952	104,514	115,962	110,542	102,320	100,387	111,025	107,658	97,355	110,042	114,320
Total Equity	48,450	58,861	65,429	116,144	116,957	118,327	84,895	90,559	97,762	102,691	108,306	113,891	119,854	126,430
Return on Invested Capital (%)	4.69	6.47	5.97	4.01	6.96	5.34	6.61	5.75	7.35	7.69	6.39	4.45	3.59	0.48
Return on Capital (%)	7.95	12.75	11.64	7.2	8.29	6.22	7.65	8.93	9.49	9.09	8.34	8.44	9.07	16.07
Return on Common Equity (%)	10.19	365.75	- -	- -	- -	8.18	10.99	14.07	13.3	12.58	12.29	11.63	11.42	1,061.92

Capital Structure

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in mil. unless spec.

Working Capital

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in mil. unless spec.

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)	10 years	5 years	1 year
Sales/Revenue/Turnover	5.31%	7.69%	7.35%
Net Income, GAAP	23.46%	3.1%	2.5%
Free Cash Flow	-16.54%	7.01%	23.19%
Total Cash Common Dividend	31.41%	26.2%	0.4%
Total Equity	8.67%	5.77%	5.24%

Growth Rates

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in mil. unless spec.

Quarterly Revenue

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in mil. unless spec.

Quarterly Earnings Per Share

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in mil. unless spec.

Quarterly Dividends Per Share

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in mil. unless spec.

Company Description

CEO: Mr. Rajarshi Banerjee
Full Time Employees: 6,087
Sector: Utilities
Industry: Regulated Electric
Address: CESC House Kolkata India 700001
IPO Date: Jan 3, 2000
Website: cesc.co.in
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Business: CESC Limited, an integrated electrical utility company, engages in the generation and distribution of electricity in India. It owns and operates three thermal power plants, including Budge Budge, Southern, and Titagarh generating stations generating 1125 megawatts (MW) of power; a thermal power project with a capacity of 600 MW in Haldia, West Bengal; two thermal power projects with a capacity of 600 MW in Chandrapur, Maharashtra and 40 MW atmospheric fluidized bed combustion power plant in Asansol, West Bengal; and distributes power in Uttar Pradesh with license area of 335 square kilometers. The company owns and operates solar power project with a capacity of 18 MW data center in Ramanathapuram, Tamil Nadu. It serves approximately 3.5 million domestic, industrial, and commercial users in 567 square kilometers of Kolkata and Howrah. CESC Limited was founded in 1899 and is headquartered in Kolkata, India.

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	TTM
Revenue per Share	47.16	60.48	80.93	86.45	91.46	63.09	77.51	80.45	91.73	87.8	94.63	107.47	115.37	122.25
Basic EPS, GAAP	1.97	3.68	3.94	1.55	4.51	5.21	6.88	8.93	9.56	10.04	10.25	10.13	10.38	10.66
Free Cash Flow per Basic Share	-12.34	-14.39	-9.36	-8.29	9.15	8.93	11.88	10.98	18.78	16.02	12.98	9.68	11.92	- -
Dividend per Share	0.4	0.5	0.7	0.78	1.88	1	1.19	1.75	2.22	4.48	4.55	4.55	4.57	- -
Book Value per Share	1.01	1.01	-9.45	-14.62	63.58	63.86	61.4	65.57	78.17	81.46	85.24	89.04	92.84	1
Tangible Book Value per Share	35.94	28.77	32.13	73.44	69.61	72.25	62.77	67.13	72.45	76.23	80.69	84.94	89.52	94.59
Basic Weighted Avg Shares	1,249	1,249	1,249	1,280	1,326	1,326	1,326	1,326	1,326	1,326	1,326	1,326	1,326	1,325
Sales/Revenue/Turnover	58,917	75,566	101,108	110,666	121,242	83,634	102,749	106,641	121,589	116,386	125,439	142,464	152,932	161,942
Operating Margin (%)	12.49	15.33	13.31	13.39	21.51	25.89	23.09	20.22	19.76	20.91	17.65	10.11	7.22	0.95
Depreciation Expense	3,400	3,645	4,714	5,889	7,665	7,148	8,110	7,638	8,480	11,102	11,100	10,920	14,659	12,097
Net Income, GAAP	2,459	4,594	4,916	1,985	5,985	6,908	9,126	11,840	12,670	13,309	13,581	13,428	13,764	14,124
Effective Tax Rate (%)	37.89	26.77	24.47	39.99	30.04	32.9	28.58	36.71	25.95	22.19	26.7	19.65	14.01	14.96
Profit Margin (%)	4.17	6.08	4.86	1.79	4.94	8.26	8.88	11.1	10.42	11.44	10.83	9.43	9	8.72
Working Capital	1,585	2,538	-12,756	-16,702	-16,231	-5,220	-11,782	-16,307	-20,078	-652	2,851	-8,753	-2,082	590
LT Debt	43,007	78,113	91,323	100,952	104,514	115,962	110,542	102,320	100,387	111,025	107,658	97,355	110,042	114,320
Total Equity	48,450	58,861	65,429	116,144	116,957	118,327	84,895	90,559	97,762	102,691	108,306	113,891	119,854	126,430
Return on Invested Capital (%)	4.69	6.47	5.97	4.01	6.96	5.34	6.61	5.75	7.35	7.69	6.39	4.45	3.59	0.48
Return on Capital (%)	7.95	12.75	11.64	7.2	8.29	6.22	7.65	8.93	9.49	9.09	8.34	8.44	9.07	16.07
Return on Common Equity (%)	10.19	365.75	- -	- -	- -	8.18	10.99	14.07	13.3	12.58	12.29	11.63	11.42	1,061.92

	Mar'24	Jun'25	Sep'25
ST Debt	35,394	- -	41,410
LT Borrowings	108,561	- -	112,690
LT Finance Leases	1,481	- -	1,630
Preferred Equity and Hybrid Capital	- -	- -	- -
Shares Outstanding	1,326	- -	1,326
Market Capitalization	160,982	215,585	266,979

	Mar'24	Jun'25	Sep'25
Total Current Assets	65,969	- -	78,680
Accounts Receivable, Net	22,564	- -	28,640
Cash, Cash Equivalents & STI	25,899	- -	39,150
Inventories	8,785	- -	5,990
Total Current Liabilities	68,052	- -	78,090
Payables & Accruals	- -	- -	- -
ST Debt	35,394	- -	41,410
Deferred Revenue	- -	- -	- -

Year	Q1	Q2	Q3	Q4	FY
2023	41,020	39,130	31,290	31,024	142,464
2024	43,100	43,520	32,440	33,872	152,932
2025	48,630	47,000	- -	- -	- -

Year	Q1	Q2	Q3	Q4	FY
2023	2.16	2.3	2.4	- -	10.13
2024	2.62	2.62	2.12	- -	10.38
2025	2.85	2.67	- -	- -	- -

CESC Limited

Growth Rates

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Company Description

Capital Structure

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