CESC Ltd. News and Updates

Name: Latest research reports of CESC Ltd. authored by Emkay and published by - Trendlyne research reports.
Item: CESC Ltd.
Rating: 5
Author: Emkay

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CESC Ltd.

29 Jun 2020

178.44

-1.28%

CESC's standalone net profit falls 19%

Business Line

CESC Ltd, the flagship company of the RP-Sanjiv Goenka group, has reported a 19 per cent YoY drop in standalone net profit at 250 crore for the quart

CESC Ltd. is trading above all available SMAs

CESC Ltd.

29 Jun 2020

178.44

-1.28%

S/A muted on lower volumes; Dhariwal 's performance improves

Buy: CESC Ltd.

Target

Motilal Oswal

CESCs 4QFY20 results highlight the benefit of improved performance for its distribution franchisee (DF) and Dhariwal businesses with consol. On the other hand, S/A PAT declined 19% YoY, leading to While the muted power demand environment could impact profitability in the near term, the longer-term story remains intact. Despite factoring in the tightening of norms at Haldia and for the S/A, the stock trades attractively at 7x FY21E In 4QFY20, S/A PAT declined ~19% YoY to INR2.5b (20% below est. Consolidated PAT increased ~7% YoY to INR4.4b in the quarter, largely on the back of improved performance for its DF and Dhariwal businesses. Despite factoring in the tightening of norms at Haldia and for the S/A, the stock trades attractively at 7x FY21E Further, the un-tied generation capacity and scale-up in DFs has the potential to boost earnings.

Number of FII/FPI investors decreased from 260 to 230 in Mar 2025 qtr

CESC Ltd.

20 May 2020

178.44

-1.28%

CESC board panel approves raising Rs 300 crore via NCDs

Moneycontrol

"An issue of 3,000 NCDs having a face value of Rs 10 lakh each for cash at par aggregating to Rs 300 crore, on a private placement basis has been approved today," the company said in a BSE filing.

CESC Ltd. is trading above all available SMAs

CESC Ltd.

12 Apr 2020

178.44

-1.28%

Q4FY20 earnings are expected to be disappointing in Emkay's power coverage universe. Dema...

Buy: CESC Ltd.

Target

Emkay

Q4FY20 earnings are expected to be disappointing in Emkay's power coverage universe. Demand across India fell significantly in the second half of March after the country was locked down to contain the spread of Covid-19. Thus, PLF across stations was impacted, but availability picked up due to improved inventory levels. However, the power ministry's move to provide a moratorium on bill payments is likely to impact discoms' collection efficiency and would stretch its working capital. This is likely to have a cascading impact on the electricity chain of discoms, transmission, gencos and eventually the banks, all of...

Number of FII/FPI investors decreased from 260 to 230 in Mar 2025 qtr

CESC Ltd.

07 Apr 2020

178.44

-1.28%

Top buy and sell ideas by Ashwani Gujral, Sudarshan Sukhani, Mitesh Thakkar for short term

Moneycontrol

Mitessh Thakkar of mitesshthakkar.com recommends buying Apollo Hospitals with a stop loss of Rs 1,174, target at Rs 1,235 and CESC with a stop loss of Rs 412, target at Rs 450.

CESC Ltd. is trading above all available SMAs

CESC Ltd.

12 Mar 2020

178.44

-1.28%

Will CESC Ventures' stake buy in Peel-Works sizzle?

Business Line

CESC Ventures on Thursday said it had acquired 8.49 per cent stake in Mumbai-based Peel-Works Private Ltd for 20.99 crore. The deal was made to supp

CESC Ltd. is trading above all available SMAs

CESC Ltd.

12 Feb 2020

178.44

-1.28%

CESC Consolidated December 2019 Net Sales at Rs 2,344.00 crore, down 2.94% Y-o-Y

Moneycontrol

NULL

CESC Ltd. has an average target of 196.50 from 2 brokers.

CESC Q3 net up 10% at Rs 263 crore

Moneycontrol | 11 Feb 2020 1 more

CESC Ltd.

12 Feb 2020

178.44

-1.28%

CESC

Buy: CESC Ltd.

Recommendation

ICICI Securities Limited

Energy sold during Q3FY20, in the standalone business declined 7.7% to 211.9 crore units vs. our estimate of 222.8 crore units while realisation was at | 7.8/kWHR vs. our expectation of 7.5 kWHR. Total generation was down 10.3% YoY at 122.4 crore units. Energy purchased were at 126.7 crore units vs. our estimate of 126.2 crore units. Plant load factor (PLF) of the Budge Budge, southern plants for Q3FY20 were at 69.2%, 26.3%, respectively. Revenues were at | 1648 crore vs. our estimate of | 1659.8 crore, in line with estimates. On the other hand, consolidated revenues came in at | 2344 crore...