NSE: CESC | BSE: 500084

Value Stock, Under Radar

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148.11 -4.02 (-2.64%)

27.57% Fall from 52W High

2.1M NSE+BSE Volume

NSE 28 Aug, 2026 3:31 PM (IST)

19,633

Market Cap

High in industry

Beta 1Year

Very Low volatility

CESC Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for CESC, BSE:500084 CESC Ltd.

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CESC Ltd.

07 May 2026

148.11

-2.64%

Acquisition of Chandigarh DISCOM lifts performance

Buy: CESC Ltd.

Target

ICICI Securities Limited

CESC reported a Q4FY26 EBITDA of INR 12bn (+23% YoY) and a profit of INR 4.4bn (+18% YoY), aided by acquisition of Chandigarh DISCOM and new power tie-up at attractive prices for Chandrapur thermal power plant (effective Apr’25 for two years).

Number of FII/FPI investors decreased from 249 to 241 in Jun 2026 qtr

CESC Ltd.

07 May 2026

148.11

-2.64%

CESC (CESC IN) Q4FY26 Result Update Good quarter, eyeing renewable commissioning BUY

Buy: CESC Ltd.

Prabhudas Lilladhar

CESC delivered a strong close to FY26, with consolidated PAT growing 13% YoY to Rs 16.2 bn in FY26 and 18.9% YoY to Rs 4.6 bn in Q4FY26, confirming the double-digit earnings recovery that was anticipated through the year - a meaningful re-acceleration from the low single-digit PAT CAGR of the past 35 years. Kolkata distribution achieved an all-time low T&D loss of 6.11%, and Malegaon's T&D losses improved ~340 bps to 36.3% for FY26, reflecting the sustained impact of loss-reduction initiatives across the franchise. Regulatory income for FY26 stood at Rs 9 bn (consolidated) vs Rs 12.5 bn in FY25 - still lower on a full-year basis. On renewables, CESC's subsidiary Purvah Green...

CESC Ltd. is trading below all available SMAs

CESC Ltd.

10 Sep 2025

148.11

-2.64%

Strong capex plans in renewables and distribution business

Buy: CESC Ltd.

Sharekhan

CESC in its investor day presented its Vision 2030. The company intends to double the PAT by then. Company has strong capex plans of over Rs. 32,000 crore till FY30, with Rs. 23,000 crore for renewables, Rs. 6,000 crore for distribution and Rs. 3,000 crore for developing a 3GW cell & module manufacturing capacity.

CESC Ltd. has an average target of 210.33 from 3 brokers.

CESC Ltd.

09 Sep 2025

148.11

-2.64%

In the making

Buy: CESC Ltd.

Target

ICICI Securities Limited

We attended the RP-Sanjiv Goenka Group Investor Day 2025 this week where CESC unveiled its ‘Growth Vision 2030’. At the crux, it seeks to double profits by FY30 via the levers of Distribution Company (DISCOM) capex, RE generation and solar manufacturing.

Number of FII/FPI investors decreased from 249 to 241 in Jun 2026 qtr

CESC Ltd.

06 Aug 2025

148.11

-2.64%

Decent Q1; Renewable energy addition to drive growth

Buy: CESC Ltd.

Sharekhan

CESC’s Q1FY26 consolidated revenue/operating profit/profit grew by -2.2%/ 3.1%/ 2.2% y-o-y to Rs. 5,430/ 1,092 / 387 crore. The earnings were aided by the standalone and Noida profits and dragged down by the losses in Malegaon DF.

Number of FII/FPI investors decreased from 249 to 241 in Jun 2026 qtr

CESC Ltd.

21 May 2025

148.11

-2.64%

Inline Q4; Renewable energy addition to drive growth

Buy: CESC Ltd.

Sharekhan

CESC’s Q4FY25 consolidated revenue/operating profit/PAT grew by 1.5%/ -3.1%/ -6.8% y-o-y to Rs. 4,017/ 952 / 373 crore.

CESC Ltd. is trading below all available SMAs

CESC Ltd.

16 May 2025

148.11

-2.64%

Changes in regulatory environment; renewable shoots begin to take root

Buy: CESC Ltd.

Target

ICICI Securities Limited

CESC has arrested the build-up of regulatory assets in the Kolkata distribution area, addressing a major overhang on the stock. It has taken two hikes in fuel and power purchase which has augmented its cashflow.

Number of FII/FPI investors decreased from 249 to 241 in Jun 2026 qtr

CESC Ltd.

13 Jan 2025

148.11

-2.64%

Soft Q3; Renewable energy addition to drive growth

Buy: CESC Ltd.

Target

Sharekhan

CESC’s Q3FY25 consolidated revenue/operating profit/profit grew by 1.5%/ 0.4%/ -5.7% y-o-y to Rs. 3,861/ 910 / 265 crore. The earnings were impacted because of higher Malegaon losses and weak standalone result

CESC Ltd. is trading below all available SMAs

CESC Ltd.

18 Nov 2024

148.11

-2.64%

Soft Q2; Renewable energy capex to drive growth

Buy: CESC Ltd.

Target

Sharekhan

CESC’s consolidated PAT increased by 1.4% y-o-y to Rs. 353 crore with good performance in Haldia and Dhariwal but it was dragged down by the standalone business and Malegaon DF.

Number of FII/FPI investors decreased from 249 to 241 in Jun 2026 qtr

CESC Ltd.

27 Aug 2024

148.11

-2.64%

Renewable energy capacity addition to drive growth

Buy: CESC Ltd.

Target

Sharekhan

CESC’s aggressive RE growth strategy with a plan to add 3.2GW (capex of ~Rs. 12-13k cr) in the next four years makes a good value proposition given the lower RE cost.

Number of FII/FPI investors decreased from 249 to 241 in Jun 2026 qtr

Is CESC Ltd. worth buying?

817 Votes:

Buy 80.29%

Sell 9.79%

Hold 9.91%

RESEARCH REPORTS

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