CESC Ltd. News and Updates

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

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CESC Ltd.

26 Jul 2018

181.14

0.59%

CESC Q1 profit rises to 182 crore

livemint

Power utility CESC reported net profit of 182 crore in the June quarter, compared with 178 crore in the year-ago period, while revenue fell marginally to 2,179 crore from 2,224 crore

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

CESC first quarter net up marginally at Rs 182 cr

Business Line | 26 Jul 2018

CESC Ltd.

26 Jul 2018

181.14

0.59%

Delay in tariff increase, higher coal prices keep CESC muted in Q1

Business Standard

On account of lower own generation, its cost of electricity purchase increased 7.72 per cent to touch Rs. 8.37 billion

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

Delay in tariff hike, higher coal prices keep CESC's numbers muted in Q1

Business Standard | 26 Jul 2018

CESC Ltd.

31 May 2018

181.14

0.59%

CESC Ltd.

Buy: CESC Ltd.

Ashika Research

Demerger will lead to substantial value unlocking In May 2017 CESC announced the much expected restructuring of its business into four business verticals (a) Power Distribution (Kolkata licence, Noida Power & distribution franchisee business), (b) Power Generation (standalone, Haldia & Chandrapur), (c) Retail (Spencer's Retail) and (d) CESC Ventures (First Source and Quest Mall). CESC's proposed demerger plan will lead to substantial value unlocking since it separates the...

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

CESC Ltd.

24 May 2018

181.14

0.59%

CESC Ltd revamps top management ahead of split

livemint

CESC managing director Aniruddha Basu will step down with effect from 28 May and be replaced by Debasish Banerjee for distribution

CESC Ltd. is trading above all available SMAs

Marginal fall in CESC standalone profit

Business Line | 23 May 2018

CESC Ltd.

24 May 2018

181.14

0.59%

CESC - 4QFY18 Result Update

Hold: CESC Ltd.

Target

Reliance Securities

CESC has delivered a healthy performance in 4QFY18. While its revenue grew by 14.2% YoY to Rs17.9bn, EBITDA surged by 29.9% YoY to Rs2.6bn. However, its net profit declined by 1% YoY (+89.6% QoQ) to Rs2.9bn owing to delay in approval of tariff order leading to under-recovery in expenses. Following the shareholders' approval, CESC has received conditional approval from NCLT for demerger provided the DISCOM arm gets regulatory approval from WBERC for its existing PPA. The Management expects to complete the process of restructuring by 2QFY19. However, as the valuations seem to have discounted all positives, we maintain our HOLD recommendation on the stock with a revised Target Price of Rs1,076 (from Rs1012 earlier)....

CESC Ltd. is trading above all available SMAs

CESC Ltd.

24 May 2018

181.14

0.59%

CESC

Buy: CESC Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research CESC reported lower-than-expected Q4FY18 results on account of lower revenues, which, in turn, impacted EBITDA and profitability. Generation in the base business was up 20% YoY at 150.6 crore units, in line with estimates. However, units sold at 239.3 crore units was below estimates of 265.3 crore units. The key reason was the lower-than-expected sale of power from the subsidiary During FY18, power sold at Haldia Energy was up 12.5% at 414.7...

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

CESC Ltd.

23 May 2018

181.14

0.59%

CESC March quarter profit drops to Rs292 crore

livemint

CESC Ltd on Wednesday reported a marginal drop in its standalone net profit to Rs292 crore in the quarter ended March 2018, on the back of regulatory expenses

CESC Ltd. is trading above all available SMAs

CESC Ltd.

04 May 2018

181.14

0.59%

CESC: Unlocking value through demerger

Buy: CESC Ltd.

Target

Motilal Oswal

We expect the Distribution entity to generate PAT of ~INR6.5b in FY18, increasing to ~INR7.5b by FY20, driven by growth in regulated businesses and improvement in franchisees. The Generation business should generate PAT of ~INR4b in FY18, increasing to ~INR5.5b by FY20 on lower losses at Dhariwal. On peer valuation basis, the Distribution business could be valued at INR90b-110b and Generation business at INR50b-60b. Both businesses should generate strong double-digit core RoE and healthy FCF. The combined estimated value of the two demerged entities (INR140b-170b) is greater than the current market capitalization of CESC

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

CESC Ltd.

29 Mar 2018

181.14

0.59%

NCLT approves CESC's demerger plan; company to split into four entities

Business Standard

The group's current flagship company, CESC Ltd will take over the distribution business while the other three companies will be listed on BSE, NSE and the Calcutta Stock Exchange

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

CESC Ltd.

12 Mar 2018

181.14

0.59%

CESC Ltd.

Buy: CESC Ltd.

AUM Capital

CESC Ltd. formerly known as Calcutta Electric Supply Corporation, incorporated in 1978 is the Kolkata-based flagship company of the RP-Sanjiv Goenka Group. It is a fully integrated power utility company with its operation spanning the entire value chain: right from mining coal, generating power and distribution of power across 567 sq. Kms of its licensed area in Kolkata and Howrah, West Bengal. CESC's diversified segments include Power, which is engaged in generation and distribution of electricity; Retail, which includes organized retailing; Property, which is engaged in property development, and Processing Outsourcing, which includes business process outsourcing. Company owns and operates three thermal...