1. India Stocks

  2. •

    Utilities

  3. •

    Regulated Electric
CESC Limited

CESC Limited

CESC.BO
CESC LimitedIN flagBombay Stock Exchange
169.20
INR
-0.50
- -
224.29BMarket Cap
CESC Limited
CESC.BO
(Bombay Stock Exchange)

Recent

price

169.20

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
41.45
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
128.19
140.06
130.74
Revenue per Share
2.23
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
10.33
11.63
10.4
Basic EPS, GAAP
-2.77
-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
5.41
1.06
- -
Free Cash Flow per Basic Share
0.4
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
4.55
6.06
- -
Dividend per Share
37.63
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
96.62
1
- -
Book Value per Share
34.76
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
87.25
91.54
- -
Tangible Book Value per Share
1,249
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
1,326
1,326
1,326
Basic Weighted Avg Shares
51,790
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
170,010
185,700
173,400
Sales/Revenue/Turnover
12.44
12.49
15.33
13.31
13.39
21.51
25.89
23.09
20.22
19.76
20.91
17.19
10.11
7.22
20.96
23.72
17.84
Operating Margin (%)
3,165
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
12,050
12,280
12,080
Depreciation Expense
2,784
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
13,700
15,420
13,790
Net Income, GAAP
16.04
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
19.85
23.64
19.68
Effective Tax Rate (%)
5.38
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
8.06
8.3
7.95
Profit Margin (%)
4,594
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
-1,398
-8,390
- -
Working Capital
28,992
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
130,724
156,000
- -
LT Debt
47,029
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
126,025
131,890
- -
Total Equity
6.4
4.69
6.47
5.97
4.01
6.96
5.34
6.61
5.75
7.35
7.69
6.22
4.45
3.59
9.89
10.23
- -
Return on Invested Capital (%)
9.94
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
8.49
9.79
16.68
Return on Capital (%)
11.53
10.19
365.75
- -
- -
- -
8.18
10.99
14.07
13.3
12.58
12.29
11.63
11.42
10.91
23.82
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
49,054
- -
LT Borrowings
- -
128,538
- -
LT Finance Leases
- -
2,187
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
1,326
- -
Market Capitalization
246,499
204,028
227,732

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
83,407
- -
Cash, Cash Equivalents & STI
- -
39,765
- -
Accounts Receivable, Net
- -
24,280
- -
Inventories
- -
7,252
- -
Total Current Liabilities
- -
84,805
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
49,054
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.83%
5.13%
4.65%
Free Cash Flow
-7.68%
-31.23%
-80.36%
Net Income, GAAP
10.48%
3.1%
12.55%
Sales/Revenue/Turnover
5.45%
9.82%
9.23%
Total Cash Common Dividend
18.23%
6.94%
33.17%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
43,100
43,520
32,440
33,872
152,932
2025
48,630
47,000
35,610
38,770
170,010
2026
52,020
40,050
40,960
- -
185,700

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.62
2.62
2.12
- -
10.38
2025
2.85
2.67
1.99
2.82
10.33
2026
2.92
2.15
3.31
- -
11.63

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
4.57
2025
- -
- -
- -
- -
4.55
2026
- -
- -
- -
- -
6.06
Similar Companies
PJSC TNS energo Kuban (KBSB.ME)
PJSC ROSSETI Northern Caucasus (MRKK.ME)
Exelon Corporation (EXCVV)
Equatorial Pará Distribuidora de Energia S.A. (EQPA6.SA)
Meshek Energy - Renewable Energies Ltd. (MSKE.TA)
Birlesim Grup Enerji (BIGEN.IS)
Business
CESC Limited, an integrated electrical utility, engages in the generation, transmission and distribution of electricity primarily in Kolkata and Howrah, West Bengal; it operates thermal power plants including Budge Budge Generating Station (750 MW), Southern Generating Station (135 MW), Haldia Energy Power Station (600 MW) and Dhariwal Power Station (600 MW) for a total capacity of 2,085 MW; it maintains solar power plants in Gujarat and Tamil Nadu with 27 MW capacity and pursues renewable energy expansion through subsidiaries. The company serves as the sole distributor across 567 square kilometers encompassing Kolkata municipal areas, parts of Howrah, Hooghly and 24 Parganas districts, catering to 3.4 million domestic, industrial and commercial consumers; it extends distribution operations via subsidiaries such as Noida Power Company Limited in Greater Noida, Uttar Pradesh, Kota Electricity Distribution Limited in Rajasthan and recently acquired Chandigarh Power Distribution Limited. Founded in 1899 and headquartered at CESC House, Chowringhee Square, Kolkata, India, CESC sources around 30% of coal from captive mines and procures the balance mainly from Coal India Limited; its transmission and distribution network spans 666 circuit km of extra-high voltage lines, 8,762 circuit km of high voltage lines and 13,798 circuit km of low voltage lines connecting 27 substations, 115 distribution stations and thousands of low-tension substations. In recent developments, CESC acquired a 63.91% stake in Purvah Green Power Private Limited for Rs 205 crore in 2024, elevating it to a direct subsidiary focused on renewable energy generation; the company unveiled its Growth Vision 2030 targeting doubled profitability by FY30 through 3.2 GW renewable capacity by FY29 and 10 GW by FY32, backed by Rs 32,000 crore capital expenditure for distribution enhancements, renewables and a 3 GW solar manufacturing ecosystem by 2027; subsidiaries like CESC Green Power Limited plan up to Rs 5,000 crore investment in solar cell, module and battery manufacturing facilities, including in Odisha, while exploring Uttar Pradesh distribution privatization opportunities.