1. India Stocks

  2. •

    Utilities

  3. •

    Regulated Electric
CESC Limited

CESC Limited

CESC.NS
CESC LimitedIN flagNational Stock Exchange of India
167.11
INR
-2.11
- -
221.52BMarket Cap
CESC Limited
CESC.NS
(National Stock Exchange of India)

Recent

price

167.11

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
246,672
204,107
227,798

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
Georgia Power Company 5% JR SUB NT 77 (GPJA)
Entergy Corporation (ETR)
The Chugoku Electric Power Co.,inc. (9504.T)
Companhia Energética do Ceará - Coelce (COCE3.SA)
GCL Energy Technology Co.,Ltd. (002015.SZ)
Hawaiian Electric Company, Inc. PFD SER D 5% (HAWEM)
Business
CESC Limited, India's first fully integrated electrical utility company founded in 1899 and headquartered in Kolkata, West Bengal, engages in the generation, transmission, and distribution of electricity primarily in eastern India. The company serves over 4.7 million consumers, including domestic, industrial, and commercial users, across a 567 square kilometer licensed area in Kolkata, Howrah, and adjoining regions in West Bengal; it also operates distribution licenses in Greater Noida, Uttar Pradesh, and Chandigarh, and franchisee operations in Kota, Bharatpur, Bikaner, Rajasthan, and Malegaon, Maharashtra. CESC owns and operates thermal power plants with a total capacity of approximately 2,140 megawatts, including Budge Budge Generating Station (750 MW), Southern Generating Station (135 MW), Haldia Energy Power Station (600 MW), Crescent Power Station (40 MW), and Dhariwal Power Station (600 MW) in Maharashtra; it maintains solar projects totaling 27 megawatts in Gujarat and Tamil Nadu, gas turbine units for peak load, and captive coal mines supplying around 30% of coal requirements. The company provides retail electricity distribution through an extensive network of 666 circuit kilometers of extra-high voltage lines, 8,762 circuit kilometers of high voltage lines, and 13,798 circuit kilometers of low voltage lines, connecting 27 substations, 115 distribution stations, and over 8,700 low tension substations; additional services encompass consultancy, project management, business process outsourcing, property development, and online consumer platforms for billing, payments, and service requests. As the flagship of the RP-Sanjiv Goenka Group, CESC pursues aggressive renewable expansion via subsidiaries including Purvah Green Power Private Limited and CESC Green Power Limited, highlighted by its 2025 Growth Vision 2030 targeting doubled profitability by fiscal 2030 through 3.2 gigawatts of hybrid renewable capacity by fiscal 2029 and 10 gigawatts by fiscal 2032, a Rs 32,000 crore capital expenditure on distribution enhancements, renewables, and a 3 gigawatt solar manufacturing ecosystem by 2027, in-principle approval for Rs 4,500 crore investment in solar cell, module, and energy storage facilities in Odisha, up to Rs 5,000 crore commitment for solar cell/module plants, battery manufacturing, and ancillary units, acquisition of a 63.91% stake in Purvah Green Power for Rs 205 crore in 2024 to bolster renewables, securing a 300 megawatt solar project from SECI, acquisition of Chandigarh Power Distribution Limited in early 2025, and exploration of Uttar Pradesh distribution privatization opportunities.