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Last Updated on: 19 October, 2025
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500084 | NSE: CESC

CESC Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: October 19, 2025, 7:38 am

Market Cap 22,589 Cr.
Current Price 170
High / Low 204/119
Stock P/E15.6
Book Value 95.9
Dividend Yield3.52 %
ROCE11.2 %
ROE11.3 %
Face Value 1.00
PEG Ratio57.42

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for CESC Ltd

Competitors of CESC Ltd

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Muzali Arts Ltd 5.80 Cr. 0.98 / 2.030.00 %8.46 %8.74 % 1.00
IND Renewable Energy Ltd 21.4 Cr. 15.3 17.7/9.80 18.70.00 %0.23 %0.31 % 10.0
GMR Power & Urban Infra Ltd 8,008 Cr. 112 141/89.4 8.210.00 %13.2 %% 5.00
Gita Renewable Energy Ltd 41.7 Cr. 101 191/98.4 31.90.00 %2.93 %2.93 % 10.0
SJVN Ltd 35,392 Cr. 90.1 124/80.551.3 36.11.62 %4.91 %5.81 % 10.0
Industry Average64,353.90 Cr177.6256.6286.160.87%8.95%11.73%7.77

All Competitor Stocks of CESC Ltd

Quarterly Result

MetricJun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
Sales 4,1023,9133,1293,1024,3104,3523,2443,3874,8634,7003,5613,8775,202
Expenses 3,4523,4232,6332,5893,5863,7062,8982,9774,4923,8042,9513,0654,338
Operating Profit 650490496513724646346410371896610812864
OPM % 16%13%16%17%17%15%11%12%8%19%17%21%17%
Other Income 191421426547323423617645744189396293311
Interest 265274289289308305296325322328339335363
Depreciation 217221219221300303303311301295305304304
Profit before tax 359416414550439461364419492462362466508
Tax % 17%23%19%19%16%21%17%1%21%19%22%17%20%
Net Profit 297319336445368363301415388373282385404
EPS in Rs 2.162.302.413.272.622.632.123.022.852.662.002.812.92

Last Updated: August 1, 2025, 10:45 pm

Below is a detailed analysis of the quarterly data for CESC Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:

  • For Sales, as of Jun 2025, the value is 5,202.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,877.00 Cr. (Mar 2025) to 5,202.00 Cr., marking an increase of 1,325.00 Cr..
  • For Expenses, as of Jun 2025, the value is 4,338.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3,065.00 Cr. (Mar 2025) to 4,338.00 Cr., marking an increase of 1,273.00 Cr..
  • For Operating Profit, as of Jun 2025, the value is 864.00 Cr.. The value appears strong and on an upward trend. It has increased from 812.00 Cr. (Mar 2025) to 864.00 Cr., marking an increase of 52.00 Cr..
  • For OPM %, as of Jun 2025, the value is 17.00%. The value appears to be declining and may need further review. It has decreased from 21.00% (Mar 2025) to 17.00%, marking a decrease of 4.00%.
  • For Other Income, as of Jun 2025, the value is 311.00 Cr.. The value appears strong and on an upward trend. It has increased from 293.00 Cr. (Mar 2025) to 311.00 Cr., marking an increase of 18.00 Cr..
  • For Interest, as of Jun 2025, the value is 363.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 335.00 Cr. (Mar 2025) to 363.00 Cr., marking an increase of 28.00 Cr..
  • For Depreciation, as of Jun 2025, the value is 304.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 304.00 Cr..
  • For Profit before tax, as of Jun 2025, the value is 508.00 Cr.. The value appears strong and on an upward trend. It has increased from 466.00 Cr. (Mar 2025) to 508.00 Cr., marking an increase of 42.00 Cr..
  • For Tax %, as of Jun 2025, the value is 20.00%. The value appears to be increasing, which may not be favorable. It has increased from 17.00% (Mar 2025) to 20.00%, marking an increase of 3.00%.
  • For Net Profit, as of Jun 2025, the value is 404.00 Cr.. The value appears strong and on an upward trend. It has increased from 385.00 Cr. (Mar 2025) to 404.00 Cr., marking an increase of 19.00 Cr..
  • For EPS in Rs, as of Jun 2025, the value is 2.92. The value appears strong and on an upward trend. It has increased from 2.81 (Mar 2025) to 2.92, marking an increase of 0.11.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: August 22, 2025, 5:33 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 10,11111,06712,1248,36310,27510,66412,15911,63212,54414,24615,29317,00117,340
Expenses 8,4139,0888,8395,5107,2357,7388,9028,3389,50211,97213,01714,15214,158
Operating Profit 1,6981,9793,2852,8543,0402,9263,2573,2933,0422,2742,2762,8493,182
OPM % 17%18%27%34%30%27%27%28%24%16%15%17%18%
Other Income 1771531164754541,1638426651,0061,5842,0001,6181,189
Interest 6451,0451,5931,4821,4111,4321,4841,3401,2481,2411,3771,4791,365
Depreciation 4715897667157517648488678858781,2171,2051,208
Profit before tax 7584981,0421,1311,3311,8931,7681,7521,9151,7391,6831,7821,798
Tax % 24%40%30%28%27%37%26%22%27%20%14%20%
Net Profit 5732997298109751,1981,3091,3631,4041,3971,4471,4281,444
EPS in Rs 3.941.504.515.216.888.939.5610.0410.2510.1310.3810.3310.39
Dividend Payout % 20%60%22%19%18%20%21%45%44%45%44%44%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-47.82%143.81%11.11%20.37%22.87%9.27%4.13%3.01%-0.50%3.58%-1.31%
Change in YoY Net Profit Growth (%)0.00%191.63%-132.70%9.26%2.50%-13.61%-5.14%-1.12%-3.51%4.08%-4.89%

CESC Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:4%
5 Years:7%
3 Years:11%
TTM:9%
Compounded Profit Growth
10 Years:21%
5 Years:1%
3 Years:-1%
TTM:-2%
Stock Price CAGR
10 Years:15%
5 Years:20%
3 Years:24%
1 Year:-21%
Return on Equity
10 Years:11%
5 Years:12%
3 Years:12%
Last Year:11%

Last Updated: September 5, 2025, 1:50 am

Balance Sheet

Last Updated: September 10, 2025, 1:38 pm

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity Capital 126133133133133133133133133133133133
Reserves 5,5095,89610,47010,4898,2878,8419,2789,74010,26310,77711,31211,876
Borrowings 11,91614,20214,87715,59914,57814,47913,99114,27714,96114,26314,54417,978
Other Liabilities 7,3967,62910,94711,2489,98810,01712,05511,71212,13612,53911,17910,994
Total Liabilities 24,94827,86036,42837,47032,98633,47035,45735,86237,49337,71237,16840,981
Fixed Assets 14,51120,86926,50026,62623,85423,64924,73924,19723,21622,82622,13122,766
CWIP 5,312410505392217161168134102140175427
Investments 1066701,0021,1101,1741,185180308460775759
Other Assets 5,0195,9128,4209,3437,7428,47410,37111,22213,71614,66914,80617,728
Total Assets 24,94827,86036,42837,47032,98633,47035,45735,86237,49337,71237,16840,981

Below is a detailed analysis of the balance sheet data for CESC Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

  • For Equity Capital, as of Mar 2025, the value is 133.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 133.00 Cr..
  • For Reserves, as of Mar 2025, the value is 11,876.00 Cr.. The value appears strong and on an upward trend. It has increased from 11,312.00 Cr. (Mar 2024) to 11,876.00 Cr., marking an increase of 564.00 Cr..
  • For Borrowings, as of Mar 2025, the value is 17,978.00 Cr.. The value appears to be increasing, which may not be favorable. However, Borrowings exceed Reserves, which may signal higher financial risk. It has increased from 14,544.00 Cr. (Mar 2024) to 17,978.00 Cr., marking an increase of 3,434.00 Cr..
  • For Other Liabilities, as of Mar 2025, the value is 10,994.00 Cr.. The value appears to be improving (decreasing). It has decreased from 11,179.00 Cr. (Mar 2024) to 10,994.00 Cr., marking a decrease of 185.00 Cr..
  • For Total Liabilities, as of Mar 2025, the value is 40,981.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 37,168.00 Cr. (Mar 2024) to 40,981.00 Cr., marking an increase of 3,813.00 Cr..
  • For Fixed Assets, as of Mar 2025, the value is 22,766.00 Cr.. The value appears strong and on an upward trend. It has increased from 22,131.00 Cr. (Mar 2024) to 22,766.00 Cr., marking an increase of 635.00 Cr..
  • For CWIP, as of Mar 2025, the value is 427.00 Cr.. The value appears strong and on an upward trend. It has increased from 175.00 Cr. (Mar 2024) to 427.00 Cr., marking an increase of 252.00 Cr..
  • For Investments, as of Mar 2025, the value is 59.00 Cr.. The value appears strong and on an upward trend. It has increased from 57.00 Cr. (Mar 2024) to 59.00 Cr., marking an increase of 2.00 Cr..
  • For Other Assets, as of Mar 2025, the value is 17,728.00 Cr.. The value appears strong and on an upward trend. It has increased from 14,806.00 Cr. (Mar 2024) to 17,728.00 Cr., marking an increase of 2,922.00 Cr..
  • For Total Assets, as of Mar 2025, the value is 40,981.00 Cr.. The value appears strong and on an upward trend. It has increased from 37,168.00 Cr. (Mar 2024) to 40,981.00 Cr., marking an increase of 3,813.00 Cr..

However, the Borrowings (17,978.00 Cr.) are higher than the Reserves (11,876.00 Cr.), which may signal higher financial risk.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow - No data available for this post.

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-10.00-13.00-11.00-13.00-11.00-12.00-10.00-11.00-11.00-12.00-12.00-15.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days555643685560557361565452
Inventory Days
Days Payable
Cash Conversion Cycle555643685560557361565452
Working Capital Days-91-98-103-123-102-109-120-66-94-89-70-90
ROCE %8%8%12%10%11%14%14%13%13%11%12%11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
Promoters52.11%52.11%52.11%52.11%52.11%52.11%52.11%52.11%52.11%52.11%52.11%52.11%
FIIs13.27%12.71%12.18%12.20%13.14%11.95%12.91%13.56%13.30%12.36%11.01%10.93%
DIIs22.03%22.00%21.75%21.04%20.06%21.44%21.12%22.63%22.63%23.75%25.10%25.38%
Government0.02%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public12.57%13.15%13.92%14.63%14.68%14.49%13.83%11.70%11.96%11.78%11.77%11.56%
No. of Shareholders2,87,9172,90,4953,07,7943,10,9873,12,8393,27,2123,63,7763,32,4594,05,3124,10,0154,23,0044,08,741

Shareholding Pattern Chart

No. of Shareholders

CESC Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Balanced Advantage Fund 34,000,000 1.77 486.5434,000,0002025-04-22 17:25:380%
HDFC Balanced Advantage Fund - Regular Plan 22,002,518 0.41 314.8622,002,5182025-04-22 17:25:380%
SBI Contra Fund 21,853,430 1.33 312.7221,853,4302025-04-22 17:25:380%
SBI Flexi Cap Fund 20,279,407 1.44 290.220,279,4072025-04-22 17:25:380%
HDFC Dividend Yield Fund 9,000,000 2.82 128.799,000,0002025-04-22 17:25:380%
UTI Value Fund 9,000,000 1.52 128.799,000,0002025-04-22 17:25:380%
UTI Mid Cap Fund 6,868,592 0.98 98.296,868,5922025-04-22 17:25:380%
Aditya Birla Sun Life Flexi Cap Fund 6,545,190 0.48 93.666,545,1902025-04-22 17:25:380%
Nippon India Multi Cap Fund 5,000,000 0.28 71.555,000,0002025-04-22 17:25:380%
ICICI Prudential Value Discovery Fund 4,897,861 0.18 70.094,897,8612025-04-22 17:25:380%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.0010.00
Basic EPS (Rs.) 10.3210.3810.1310.25100.40
Diluted EPS (Rs.) 10.3210.3810.1310.25100.40
Cash EPS (Rs.) 19.7720.0017.0817.18167.35
Book Value[Excl.RevalReserv]/Share (Rs.) 90.1585.9285.4981.30770.84
Book Value[Incl.RevalReserv]/Share (Rs.) 90.1585.9285.4981.30770.84
Revenue From Operations / Share (Rs.) 127.62114.80106.9494.16873.64
PBDIT / Share (Rs.) 23.0017.8418.4523.96256.73
PBIT / Share (Rs.) 13.958.7111.8617.32191.68
PBT / Share (Rs.) 13.3812.6313.0514.38131.48
Net Profit / Share (Rs.) 10.7210.8610.4910.54102.30
NP After MI And SOA / Share (Rs.) 10.2810.3310.0810.1999.90
PBDIT Margin (%) 18.0215.5317.2525.4529.38
PBIT Margin (%) 10.937.5811.0918.3921.94
PBT Margin (%) 10.4811.0012.2015.2715.04
Net Profit Margin (%) 8.399.469.8011.1911.70
NP After MI And SOA Margin (%) 8.058.999.4210.8211.43
Return on Networth / Equity (%) 11.3912.0212.3013.0613.48
Return on Capital Employeed (%) 5.713.835.578.059.01
Return On Assets (%) 3.343.703.563.623.71
Long Term Debt / Equity (X) 1.071.141.061.201.31
Total Debt / Equity (X) 1.481.441.471.601.46
Asset Turnover Ratio (%) 0.430.400.370.220.22
Current Ratio (X) 1.902.031.511.531.47
Quick Ratio (X) 1.811.911.411.461.39
Inventory Turnover Ratio (X) 21.2017.390.000.000.00
Dividend Payout Ratio (NP) (%) 43.5743.3344.4243.9244.81
Dividend Payout Ratio (CP) (%) 23.1723.0026.8626.5927.14
Earning Retention Ratio (%) 56.4356.6755.5856.0855.19
Cash Earning Retention Ratio (%) 76.8377.0073.1473.4172.86
Interest Coverage Ratio (X) 2.311.932.202.832.79
Interest Coverage Ratio (Post Tax) (X) 1.140.741.111.591.77
Enterprise Value (Cr.) 34759.1530521.8122823.2223895.5520901.22
EV / Net Operating Revenue (X) 2.042.001.601.901.80
EV / EBITDA (X) 11.3512.849.297.486.11
MarketCap / Net Operating Revenue (X) 1.211.060.620.800.67
Retention Ratios (%) 56.4256.6655.5756.0755.18
Price / BV (X) 1.711.410.810.970.80
Price / Net Operating Revenue (X) 1.211.060.620.800.67
EarningsYield 0.060.080.150.130.16

After reviewing the key financial ratios for CESC Ltd, here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 25, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 1.00.
  • For Basic EPS (Rs.), as of Mar 25, the value is 10.32. This value is within the healthy range. It has decreased from 10.38 (Mar 24) to 10.32, marking a decrease of 0.06.
  • For Diluted EPS (Rs.), as of Mar 25, the value is 10.32. This value is within the healthy range. It has decreased from 10.38 (Mar 24) to 10.32, marking a decrease of 0.06.
  • For Cash EPS (Rs.), as of Mar 25, the value is 19.77. This value is within the healthy range. It has decreased from 20.00 (Mar 24) to 19.77, marking a decrease of 0.23.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 90.15. It has increased from 85.92 (Mar 24) to 90.15, marking an increase of 4.23.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 90.15. It has increased from 85.92 (Mar 24) to 90.15, marking an increase of 4.23.
  • For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 127.62. It has increased from 114.80 (Mar 24) to 127.62, marking an increase of 12.82.
  • For PBDIT / Share (Rs.), as of Mar 25, the value is 23.00. This value is within the healthy range. It has increased from 17.84 (Mar 24) to 23.00, marking an increase of 5.16.
  • For PBIT / Share (Rs.), as of Mar 25, the value is 13.95. This value is within the healthy range. It has increased from 8.71 (Mar 24) to 13.95, marking an increase of 5.24.
  • For PBT / Share (Rs.), as of Mar 25, the value is 13.38. This value is within the healthy range. It has increased from 12.63 (Mar 24) to 13.38, marking an increase of 0.75.
  • For Net Profit / Share (Rs.), as of Mar 25, the value is 10.72. This value is within the healthy range. It has decreased from 10.86 (Mar 24) to 10.72, marking a decrease of 0.14.
  • For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 10.28. This value is within the healthy range. It has decreased from 10.33 (Mar 24) to 10.28, marking a decrease of 0.05.
  • For PBDIT Margin (%), as of Mar 25, the value is 18.02. This value is within the healthy range. It has increased from 15.53 (Mar 24) to 18.02, marking an increase of 2.49.
  • For PBIT Margin (%), as of Mar 25, the value is 10.93. This value is within the healthy range. It has increased from 7.58 (Mar 24) to 10.93, marking an increase of 3.35.
  • For PBT Margin (%), as of Mar 25, the value is 10.48. This value is within the healthy range. It has decreased from 11.00 (Mar 24) to 10.48, marking a decrease of 0.52.
  • For Net Profit Margin (%), as of Mar 25, the value is 8.39. This value is within the healthy range. It has decreased from 9.46 (Mar 24) to 8.39, marking a decrease of 1.07.
  • For NP After MI And SOA Margin (%), as of Mar 25, the value is 8.05. This value is within the healthy range. It has decreased from 8.99 (Mar 24) to 8.05, marking a decrease of 0.94.
  • For Return on Networth / Equity (%), as of Mar 25, the value is 11.39. This value is below the healthy minimum of 15. It has decreased from 12.02 (Mar 24) to 11.39, marking a decrease of 0.63.
  • For Return on Capital Employeed (%), as of Mar 25, the value is 5.71. This value is below the healthy minimum of 10. It has increased from 3.83 (Mar 24) to 5.71, marking an increase of 1.88.
  • For Return On Assets (%), as of Mar 25, the value is 3.34. This value is below the healthy minimum of 5. It has decreased from 3.70 (Mar 24) to 3.34, marking a decrease of 0.36.
  • For Long Term Debt / Equity (X), as of Mar 25, the value is 1.07. This value exceeds the healthy maximum of 1. It has decreased from 1.14 (Mar 24) to 1.07, marking a decrease of 0.07.
  • For Total Debt / Equity (X), as of Mar 25, the value is 1.48. This value exceeds the healthy maximum of 1. It has increased from 1.44 (Mar 24) to 1.48, marking an increase of 0.04.
  • For Asset Turnover Ratio (%), as of Mar 25, the value is 0.43. It has increased from 0.40 (Mar 24) to 0.43, marking an increase of 0.03.
  • For Current Ratio (X), as of Mar 25, the value is 1.90. This value is within the healthy range. It has decreased from 2.03 (Mar 24) to 1.90, marking a decrease of 0.13.
  • For Quick Ratio (X), as of Mar 25, the value is 1.81. This value is within the healthy range. It has decreased from 1.91 (Mar 24) to 1.81, marking a decrease of 0.10.
  • For Inventory Turnover Ratio (X), as of Mar 25, the value is 21.20. This value exceeds the healthy maximum of 8. It has increased from 17.39 (Mar 24) to 21.20, marking an increase of 3.81.
  • For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 43.57. This value is within the healthy range. It has increased from 43.33 (Mar 24) to 43.57, marking an increase of 0.24.
  • For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 23.17. This value is within the healthy range. It has increased from 23.00 (Mar 24) to 23.17, marking an increase of 0.17.
  • For Earning Retention Ratio (%), as of Mar 25, the value is 56.43. This value is within the healthy range. It has decreased from 56.67 (Mar 24) to 56.43, marking a decrease of 0.24.
  • For Cash Earning Retention Ratio (%), as of Mar 25, the value is 76.83. This value exceeds the healthy maximum of 70. It has decreased from 77.00 (Mar 24) to 76.83, marking a decrease of 0.17.
  • For Interest Coverage Ratio (X), as of Mar 25, the value is 2.31. This value is below the healthy minimum of 3. It has increased from 1.93 (Mar 24) to 2.31, marking an increase of 0.38.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 1.14. This value is below the healthy minimum of 3. It has increased from 0.74 (Mar 24) to 1.14, marking an increase of 0.40.
  • For Enterprise Value (Cr.), as of Mar 25, the value is 34,759.15. It has increased from 30,521.81 (Mar 24) to 34,759.15, marking an increase of 4,237.34.
  • For EV / Net Operating Revenue (X), as of Mar 25, the value is 2.04. This value is within the healthy range. It has increased from 2.00 (Mar 24) to 2.04, marking an increase of 0.04.
  • For EV / EBITDA (X), as of Mar 25, the value is 11.35. This value is within the healthy range. It has decreased from 12.84 (Mar 24) to 11.35, marking a decrease of 1.49.
  • For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 1.21. This value is within the healthy range. It has increased from 1.06 (Mar 24) to 1.21, marking an increase of 0.15.
  • For Retention Ratios (%), as of Mar 25, the value is 56.42. This value is within the healthy range. It has decreased from 56.66 (Mar 24) to 56.42, marking a decrease of 0.24.
  • For Price / BV (X), as of Mar 25, the value is 1.71. This value is within the healthy range. It has increased from 1.41 (Mar 24) to 1.71, marking an increase of 0.30.
  • For Price / Net Operating Revenue (X), as of Mar 25, the value is 1.21. This value is within the healthy range. It has increased from 1.06 (Mar 24) to 1.21, marking an increase of 0.15.
  • For EarningsYield, as of Mar 25, the value is 0.06. This value is below the healthy minimum of 5. It has decreased from 0.08 (Mar 24) to 0.06, marking a decrease of 0.02.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of CESC Ltd as of October 19, 2025 is: 140.00

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of October 19, 2025, CESC Ltd is Overvalued by 17.65% compared to the current share price 170.00

Intrinsic Value of CESC Ltd as of October 19, 2025 is: 140.38

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of October 19, 2025, CESC Ltd is Overvalued by 17.42% compared to the current share price 170.00

Last 5 Year EPS CAGR: 0.27%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -96.25, which is a positive sign.
  2. The company has shown consistent growth in sales (12.23 cr) and profit (97.46 cr) over the years.
  1. The stock has a low average ROCE of 11.42%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 57.33, which may not be favorable.
  3. The company has higher borrowings (14,638.75) compared to reserves (9,394.83), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in CESC Ltd:
    1. Net Profit Margin: 8.39%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 5.71% (Industry Average ROCE: 8.95%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 11.39% (Industry Average ROE: 10.83%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 1.14
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.81
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 15.6 (Industry average Stock P/E: 41.38)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 1.48
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

CESC Ltd. is a Public Limited Listed company incorporated on 28/03/1978 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is L31901WB1978PLC031411 and registration number is 031411. Currently Company is involved in the business activities of Collection and distribution of electric energy to households, industrial, commercial and other users. Company's Total Operating Revenue is Rs. 9584.04 Cr. and Equity Capital is Rs. 133.22 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Power - Generation/DistributionCESC House, Chowringhee Square, Kolkata West Bengal 700001secretarial@rpsg.in
https://www.cesc.co.in
Management
NamePosition Held
Dr. Sanjiv GoenkaChairman
Mr. Shashwat GoenkaVice Chairman
Mr. Brajesh SinghManaging Director - Generation
Mr. Vineet SikkaManaging Director - Distribution
Mr. Pradip Kumar KaitanNon Exe.Non Ind.Director
Mr. Sunil MitraIndependent Director
Mr. Debanjan MandalIndependent Director
Mr. Arjun KumarIndependent Director
Ms. Kusum DadooIndependent Director
Mr. Paras Kumar ChowdharyIndependent Director

FAQ

What is the intrinsic value of CESC Ltd?

CESC Ltd's intrinsic value (as of 19 October 2025) is 140.00 which is 17.65% lower the current market price of 170.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 22,589 Cr. market cap, FY2025-2026 high/low of 204/119, reserves of ₹11,876 Cr, and liabilities of 40,981 Cr.

What is the Market Cap of CESC Ltd?

The Market Cap of CESC Ltd is 22,589 Cr..

What is the current Stock Price of CESC Ltd as on 19 October 2025?

The current stock price of CESC Ltd as on 19 October 2025 is 170.

What is the High / Low of CESC Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of CESC Ltd stocks is 204/119.

What is the Stock P/E of CESC Ltd?

The Stock P/E of CESC Ltd is 15.6.

What is the Book Value of CESC Ltd?

The Book Value of CESC Ltd is 95.9.

What is the Dividend Yield of CESC Ltd?

The Dividend Yield of CESC Ltd is 3.52 %.

What is the ROCE of CESC Ltd?

The ROCE of CESC Ltd is 11.2 %.

What is the ROE of CESC Ltd?

The ROE of CESC Ltd is 11.3 %.

What is the Face Value of CESC Ltd?

The Face Value of CESC Ltd is 1.00.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in CESC Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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