CESC Ltd. News and Updates

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

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CESC Ltd.

06 Jul 2022

178.17

0.02%

Rising fuel cost short-to-medium term constraint, says Sanjiv Goenka

Business Standard

The rapidly rising cost of fuel, owing to the Russia-Ukraine crisis and demand-supply factors, is a short-to medium-term constraint, CESC Chairman Sanjiv Goenka has said. Goenka said in such a scenario, it is vital that power producers and distributors are able to expeditiously pass on purely the element of higher fuel cost through tariffs. Unfortunately, while this forms a part of each power supply contract, we still see reluctance of state governments and regulators to give their assent in a timely manner. This, in turn, negatively affects the financial results of power producers. I hope we will see considerably less of this reluctance in the years to come, he said in CESC's annual report for 2021-22. The chairman of the Kolkata-based power utility, however, said notwithstanding this limitation, he is optimistic about the future of power generation and distribution in India and better days for CESC. The company also said it failed to obtain higher tariff demand for 2018-19 and .

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

CESC Ltd.

13 May 2022

178.17

0.02%

CESC consolidated net profit rises 3.7% to Rs 445 crore in March quarter

Business Standard

The consolidated net profit of the company was at Rs 429 crore in the quarter ended March 2021, a BSE filing said

CESC Ltd. has gained 22.77% in the last 6 Months

Q4 results: CESC net drops 4% to 259 crore

Business Line | 13 May 2022 1 more

CESC Ltd.

23 Mar 2022, 01:55PM

178.17

0.02%

Buy CESC; target of Rs 101: Emkay Global Financial

Moneycontrol

Emkay Global Financial is bullish on CESC has recommended buy rating on the stock with a target price of Rs 101 in its research report dated March 22, 2022.

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

CESC Ltd.

14 Jan 2022

178.17

0.02%

CESC Standalone December 2021 Net Sales at Rs 1,662.00 crore, up 0.18% Y-o-Y

Moneycontrol

NULL

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

Buy CESC: target of Rs 105: Sharekhan

Moneycontrol | 14 Jan 2022 2 more

CESC Ltd.

18 Dec 2021

178.17

0.02%

Power utility CESC receives rare honour from IEEE, third for India

Business Standard

Power utility CESC Ltd on Saturday received a rare honor--IEEE Milestone which is only the third for an Indian contribution after Jagadish Chandra Bose and Nobel Laureate C V Raman, the company said.

CESC Ltd. has gained 22.77% in the last 6 Months

CESC Ltd.

23 Nov 2021, 12:00AM

178.17

0.02%

Distribution business to be the key growth driver

Buy: CESC Ltd.

Target

ICICI Securities Limited

We participated in RP-SG Group’s virtual investor conference on 22nd Nov’21 in which CESC explained in detail its ongoing technological digitalisation initiatives, and laid out its growth strategy. Despite key systems in place, CESC aims to become more digital and flexible on the distribution front, improving its system and consumer understanding so that capex is done on just-in-time basis resulting in higher returns.

CESC Ltd. is trading above all available SMAs

CESC Ltd.

11 Nov 2021

178.17

0.02%

CESC (HOLD): Fairly priced but upside if distribution is delicensed

Hold: CESC Ltd.

BOB Capital Markets Ltd.

Despite steady 8% YoY growth in Q2 pretax income, consolidated net income fell 11% due to lower tax rate in comparable quarter

CESC Ltd. is trading above all available SMAs

CESC Ltd.

28 Sep 2021

178.17

0.02%

CESC board approves plan to raise Rs 400cr via non-convertible debentures

Business Standard

RP Sanjiv Goenka group's flagship company CESC Ltd on Tuesday said its board has approved a plan to raise Rs 400 crore through unsecured non-convertible debentures (NCDs) on a private placement basis

CESC Ltd. is trading above all available SMAs

CESC Ltd.

23 Sep 2021, 12:00AM

178.17

0.02%

Torrent acquires CESC’s wind assets – win-win for both

Buy: CESC Ltd.

ICICI Securities Limited

Torrent Power (TPW) has entered into an SPA for 100% acquisition of Surya Vidyut Limited, a wholly-owned subsidiary of CESC. Such transactions are typically good
for one and not for the other; however, in this case, it is a win-win for both due to
the difference in their strategic intents – TPW wanted to add RE capacity without
participating in highly competitive bids, while CESC aims to grow its distribution
business and move away from RE generation. Further, CESC will receive a value
which is higher than the one ascribed to these low IRR assets.

CESC Ltd. has gained 22.77% in the last 6 Months

CESC Ltd.

21 Sep 2021

178.17

0.02%

Torrent Power acquires 156 Mw wind power plants from CESC Ltd arm

Business Standard

Struck at an estimated enterprise value of Rs 790 cr, subject to closing price adjustments, the acquisition must now meet customary conditions for transaction closure