NSE: CESC | BSE: 500084

Strong Performer, Under Radar

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160.30 0.95 (0.60%)

34.71% Gain from 52W Low

2.7M NSE+BSE Volume

NSE 23 Apr, 2025 3:31 PM (IST)

21,248.9

Market Cap

Below industry Median

1.4

Beta 1Year

Very High 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.

CESC Ltd.

11 Aug 2022

160.30

0.60%

Stable quarter despite regulatory overhang

Buy: CESC Ltd.

ICICI Securities Limited

CESC reported stable earnings in Q1FY23. On consolidated basis, while its reported revenues were up 28.1% YoY to Rs42.5bn, PAT was up 5.5% YoY at Rs2.9bn.

CESC Ltd. is trading above its 100 day SMA of 156.4

CESC Ltd.

23 Nov 2021, 12:00AM

160.30

0.60%

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 its 100 day SMA of 156.4

CESC Ltd.

11 Nov 2021

160.30

0.60%

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

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

CESC Ltd.

23 Sep 2021, 12:00AM

160.30

0.60%

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 an average target of 195.00 from 1 broker.

CESC Ltd.

17 Jun 2021

160.30

0.60%

Modest recovery in the standalone business

Buy: CESC Ltd.

Target

Motilal Oswal

Dhariwal turns profitable, performance of DFs to improve CESC's 4QFY21 result highlights a modest recovery in the standalone business. Volumes in the standalone entity improved, but grew just 6% YoY on a low base. Standalone PAT rose 8% YoY, while consolidated PAT fell 4%, led by lower profit at Dhariwal and Crescent and Surya. Dhariwal has turned profitable, and DFs are showing signs of improvement. CESC's integrated business in Kolkata generates a high RoE and strong cash flows. We factor in tightening of norms at Haldia and for the standalone...

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

CESC Ltd.

14 Jan 2021

160.30

0.60%

CESC

Hold: CESC Ltd.

Target

ICICI Securities Limited

Energy sold in Q3FY21, in the standalone business, grew 1.8% to 215.7 crore units vs. our estimate of 221.7 crore units while realisation was at | 7.69/kWHR vs. our expectation of 7.8 kWHR. Total generation was down 1.2% YoY at 120.9 crore units. PLF of the Budge Budge and southern plants for Q3FY21 was at 71% (69% in Q3FY20) and 13% (26% in Q3FY20), respectively. Revenues came in at | 1659 crore vs. our estimate of | 1729.3 crore, mainly on account of lesser-than-expected energy sold. On a consolidated basis, revenues came in at | 2539 crore, up 8.3%, which was...

CESC Ltd. has an average target of 195.00 from 1 broker.

CESC Ltd.

13 Jan 2021

160.30

0.60%

Dhariwal, DF performances continue to improve

Buy: CESC Ltd.

Target

Motilal Oswal

CESC's 3Q results highlight volume recovery in the S/A business. Volumes in S/A were just 1% YoY lower (v/s 1H: -21% YoY). S/A PAT was up 3% YoY. Consol. PAT, on the other hand, grew 21% YoY, partly led by profit at Dhariwal and improved performance at Crescent & Surya. Performances at Dhariwal and distribution franchises (DFs) would continue to improve. Furthermore, the co. has declared an interim dividend of INR45/sh, highlighting the co.'s willingness to return excess cash. Despite factoring in the tightening of norms at Haldia and S/A, the stock trades...

CESC Ltd. has an average target of 195.00 from 1 broker.

CESC Ltd.

24 Dec 2020, 12:00AM

160.30

0.60%

CESC

Buy: CESC Ltd.

Sharekhan

CESC's management indicated that power demand in Kolkata (key area of operation) has normalised and impact of COVID-19 (lower PLF-related incentive) has passed; company has guided for 9% y-o-y growth in PAT in H2FY21. Turnaround of Dhariwal Infrastructure (guided for PAT of Rs. 75-80 crore for FY21 versus loss of Rs. 10 crore in FY20) to sustain as PLF of Chandrapur plant has improved. Rajasthan DF losses would reduce in FY21 and is expected to turn profitable by FY22. Consistent improvement in performance of subsidiaries would aid gradual re-rating of CESC. Concerns of higher receivables (at Rs. 2,000 crore as of September versus normal levels of...