CESCPower

CESC Limited

Integrated Power Utilities · ISIN INE486A01021 · BSE 500084 · NSE EQ · FV ₹1
Last price
₹142
-0.08%today
What this company does

CESC Limited operates in Integrated Power Utilities, part of the Power sector. It booked ₹5,485 cr of revenue in its latest quarter (Q1 FY27) and kept 7.3% of sales as profit. It is the 4th largest of 5 Integrated Power Utilities companies we track, by market value.

Envisioning a Sustainable Future for All CESC stands as one of India’s leading energy companies, with operations extending Pan-India across generation and distribution. We are dedicated to the energy transition through a sustainable business model that emphasizes renewable energy, energy storage, and green hydrogen.
In the report:
63out of 100
Equitytale Health Score
Mixed

Healthier than 63% of companies in Power, on all six measures of filed financials. Each measure is ranked against the 17–21 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
oversold
RSI (14)
29

At close. Not part of the score.

Profitability & returns43

How much profit it earns on the money it employs

Balance sheet42

How much it owes, and whether earnings cover the interest

Cash quality75

Whether reported profit actually arrives as cash

Growth & consistency62

Whether sales and profit have grown, and how steadily

Valuation89

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 5% vs last year
Promoters hold 52%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 7.3% net margin
! Carries high debt (D/E 1.6)

What if I invest in CESC?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹142 -0.08%
latest close · 2026-09-17
1-year return
+52.3%
52-wk low ₹6852-wk high ₹172
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio11.7Low
LowAverageHigh
P/B ratio1.50Moderate
Below bookModerateHigh
EV / EBITDA7.8Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity12.8%Fair
WeakFairStrong ▸15%
Return on capital9.6%Fair
WeakFairStrong
Net margin7.3%Decent
ThinDecentStrong
EBITDA margin20.9%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity1.62High
LowModerateHigh ▸1
Interest cover2.8×Okay
RiskyOkayStrong ▸5×
Current ratio0.92Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹18,827 cr
Book value
₹94
EPS
₹3.03
latest quarter
Net debt
₹17,111 cr
owes more than its cash
Enterprise value
₹35,938 cr
EBITDA
₹4,596 cr
annualised
EBIT
₹3,432 cr
annualised
Operating margin
15.6%
Return on assets
3.5%
Earnings yield
8.56%
P/S
0.86
Sales / share
₹165.0
Tax rate
23.3%
Face value
₹1
Shares
133.0 cr
Working capital
₹-839 cr
Current assets
₹9,745 cr
Current liabilities
₹10,584 cr
Delivery %
57.2%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2024 report & filings
not investment advice
Hard to value confidentlyLow confidence
It earns about 10% on its capital — below the ~12% return we'd require to fund it — so a low price is likely justified, not a bargain.
Models span ₹93₹234, midpoint ₹163

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹5,485 cr
Other Income₹254 cr
Total Income₹5,739 cr
Cost of Materials₹3,526 cr
Purchases of Stock-in-Trade₹1 cr
Employee Benefit Expense₹407 cr
Finance Costs₹312 cr
Depreciation & Amortisation₹291 cr
Other Expenses₹656 cr
Total Expenses₹5,193 cr
Profit before Tax₹546 cr
Tax Expense₹127 cr
Net Profit₹419 cr
Net margin on total income7.3%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹3,527 cr61.5%
Employee benefit expense₹407 cr7.1%
Finance costs₹312 cr5.4%
Depreciation & amortisation₹291 cr5.1%
Other expenses₹656 cr11.4%
Tax expense₹127 cr2.2%
Profit for the period₹419 cr7.3%
Total income ₹5,739 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue4,005 cr4,096 cr5,485 cr
Total income4,262 cr4,627 cr5,739 cr
Expenses3,877 cr3,974 cr5,193 cr
Profit before tax385 cr653 cr546 cr
Tax81 cr194 cr127 cr
Net profit (owners' share)285 cr439 cr402 cr
Net margin (owners' share, on revenue)7.1%10.7%7.3%
EPS (₹)2.153.313.03
YoY (latest quarter): total income +4.1% · net profit +3.9%
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹46,470 cr
Shareholder equity
₹12,530 cr
parent shareholders
Total debt
₹21,319 cr
Cash
₹4,208 cr
Cash flow · H1 FY26
Operating
₹1,585 cr
Investing
₹-779 cr
Financing
₹-36 cr
Peer comparison
Integrated Power Utilities · by market value
CompanyPriceMarket capP/E
Adani Power Limited₹206₹3.97 L cr20.7
Tata Power Company Limited₹369₹1.18 L cr25.1
Torrent Power Limited₹1,276₹64,318 cr25.2
CESC Limitedthis company₹142₹18,827 cr11.7
Reliance Infrastructure Limited₹51₹4,304 cr1.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
8.48%
trailing 12 months
Dividend / share (TTM)
₹12
Last dividend
₹6
ex 19 Aug 2026
ActionDetailEx-date
Dividend₹6 / share19 Aug 2026
Dividend₹6 / share27 Oct 2025
Dividend₹4.5 / share16 Jan 2025
Dividend₹4.5 / share1 Feb 2024
Dividend₹4.5 / share24 Feb 2023
Dividend₹4.5 / share24 Jan 2022
Who owns it · 2026-06-30
No pledge
Promoter
52.1%
FII / Foreign
11.5%
DII / Domestic
26.1%
Retail / others
10.3%
Smart-money activity
Insider trades
SoldSAREGAMA INDIA LIMITED · Promoter Group1.54 cr · ₹140.1 cr25 Sep 23
BoughtSAREGAMA INDIA LIMITED · Promoter Group28.50 L · ₹22.1 cr2 Mar 22
SoldKOLKATA METRO NETWORKS LIMITED · Promoter Group28.50 L · ₹22.1 cr2 Mar 22
Bulk / block deals
short · NSE1,20026 Aug 26
short · NSE50021 Aug 26
short · NSE3010 Jul 26
Stake changes
BoughtLife Insurance Corporation of india→ 5.04% · 6.00 L10 Jan 25
BoughtSBI Mutual Fund under its various Schemes→ 7.16% · 9.45 L24 Dec 24
SoldHDFC Mutual Fund→ 49.48% · 2.81 cr27 Jul 23
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 11 Sep 2026
See the official result
1
Adoption of the Audited Financial Statements (Standalone & Consolidated) and reports of Board of Directors and Auditors for the Financial Year ended March 31, 2026
Backed by 100% of shareholders other than promotersneeded 50%
45.49 cr votes for, 1.95 L against · 0% of mutual funds and other big investors said no
2
Confirmation of the payment of Interim Dividend for the Financial Year ended March 31, 2026
Backed by 100% of shareholders other than promotersneeded 50%
45.55 cr votes for, 3,996 against · 0% of mutual funds and other big investors said no
3
Re-appointment of Mr. Shashwat Goenka as a Director, who retires by rotation
Promoters had a personal stake in this
Backed by 89% of shareholders other than promotersneeded 50%
40.51 cr votes for, 5.04 cr against · 11% of mutual funds and other big investors said no
4
Continuation of Directorship of Mr. Paras Kumar Chowdhary as a Non-Executive Independent Director of the Company.
Backed by 82% of shareholders other than promotersneeded 75%
37.17 cr votes for, 8.23 cr against · 18% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 14 named members
owning 52.1% between them · as of 2026-06-30
Rainbow Investments Limited44.36%
Quest Capital Markets Limited2.19%
Stel Holdings Limited1.88%
Pcbl Chemical Limited1.27%
Digidrive Distributors Limited1.17%
Integrated Coal Mining Limited0.81%
Castor Investments Limited0.19%
Sanjiv Goenka0.10%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.