NSE: CESC | BSE: 500084

Strong Performer, Under Radar

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164.71 -1.17 (-0.71%)

38.41% Gain from 52W Low

465.7K NSE+BSE Volume

NSE 13 Jun, 2025 9:26 AM (IST)

21,833.5

Market Cap

Below industry Median

1.2

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.

21 Nov 2017

164.71

-0.71%

CESC: Gets 185MW PPA under flexi-coal scheme

Buy: CESC Ltd.

Motilal Oswal

Dhariwal is L1 to supply 185MW (net) to Maharashtra (MH) at INR2.76/kWh during December 2017 to June 2018. The contract is part of the flexible coal scheme (report link) under which coal will be supplied by MH at Coal India's notified price. We estimate contribution margin of INR0.7-0.8/kWh. Dhariwal will supply the power from its second unit of 300MW (2x300MW plant). Though the margin is low, the strategy partially de-risks it from the volatile merchant market. Moreover, Dhariwal can now look to supply in day-ahead market from the remaining 115MW capacity, given that operation of part of the unit is now assured. MH could extend...

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

CESC Ltd.

16 Nov 2017

164.71

-0.71%

CESC - 2QFY18 Result Update

Hold: CESC Ltd.

Target

Reliance Securities

CESC's net profit grew by 2.1% YoY to Rs2.5bn in 2QFY18, in line with our estimate. Led by 3.1% YoY rise in realisations, its revenue rose by 3.6% YoY to Rs20.8bn, which was offset by higher power purchase cost and other expenses (+38.3% YoY). The proposed demerger of distinct business verticals into 4 separate entities augurs well for CESC, as the past diversification into unrelated businesses was the key overhang for the stock. As the valuations seem to have discounted all positives, we maintain our HOLD recommendation on the stock with a revised Target Price of Rs964 (from Rs903 earlier). Higher Operating Cost Drags EBITDA...

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

CESC Ltd.

10 Nov 2017

164.71

-0.71%

CESC

Buy: CESC Ltd.

Recommendation Target

ICICI Securities Limited

CESC reported lower than expected Q2FY18 results mainly led lower than expected revenues and higher other expenses which lead to lower profitability. Adjusting for one off to the tune of |25 crore, PAT...

CESC Ltd. is trading above its 150 day SMA of 160.6

CESC Ltd.

08 Nov 2017

164.71

-0.71%

CESC: In-line results; Spencer's sales weak, EBITDA positive

Buy: CESC Ltd.

Target

Motilal Oswal

CESC's standalone PAT grew 2.1% YoY to INR2.47b, marginally below estimate. T&D; loss (provisional) declined 100bp YoY (30bp QoQ) to 10.8%. Sales grew 4% YoY to 2.75BU. Realization was up 2.8% YoY to INR7.57/kWh. The tariff for FY18 is pending regulatory approval, delaying cost and capex recovery. However, this was offset by impressive reduction in T&D; losses (drives incentive income) and power exports. Spencer sales down, but EBITDA positive on efficiency gains: Average sales declined 5% while same-store sales declined 1% YoY, as it continues to face...

CESC Ltd. is trading above its 150 day SMA of 160.6

CESC Ltd.

14 Aug 2017

164.71

-0.71%

CESC

Hold: CESC Ltd.

Target

ICICI Securities Limited

ventures (First source, Property, FMCG). The listing of various entities will 10.1 happen post October 2017. Existing shareholders will be entitled to one 14.1 share of each business demerged for one share held in the pre demerger entity. This would lead to elimination of holding company discount and allow discovery of true worth of all the businesses, which we believe is...

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

CESC Ltd.

03 Jul 2017

164.71

-0.71%

Generation increased 7.2% YoY in May 2017 (excl. renewables) driven by rise in demand fr...

Accumulate: CESC Ltd.

Emkay

The overall industry PLF declined 246 bps YoY to 53.7% (excl. renewables). PLF declined across the Gas and Nuclear segment by 61 bps and 1354 bps YoY respectively. PLF across the Coal and the Hydro was up by 104 bps and 380 bps YoY. While base deficit increased marginally to 0.6% vs 0.5% MoM, peak deficit declined marginally to 0.7% vs. 0.8% MoM. On a YoY basis, both however, improved significantly from 1.6% each respectively. Rates on IEX increased 5.3% MoM to Rs 2.9/unit. In May 2017, net capacity addition was at 1,056 MW against the target of 980 MW....

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

CESC Ltd.

27 Jun 2017

164.71

-0.71%

CESC (Update): The quadruple factor. Maintain BUY

Buy: CESC Ltd.

Target

HDFC Securities

In our view, CESCs demerger plan will lead to substantial value unlocking. The move would bring with it benefits like (1) Isolation of cash flows of the Power vertical from other businesses (one of the investors? key concerns) and (2) The opportunity to invest in a pure-play power distribution business, with steady cash flows and growth. Losses incurred by Spencers were the key hurdle for this demerger, in our view.

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

CESC Ltd.

26 May 2017

164.71

-0.71%

CESC Ltd Q4FY17 results comment

Results Update: CESC Ltd.

HDFC Securities

Revenue decreased by 2.96% to Rs. 1572.0 Cr in Q4FY17 when compared to the previous quarter

CESC Ltd. is trading below its 30 day SMA of 166.6

CESC Ltd.

22 May 2017

164.71

-0.71%

CESC (4QFY17): Appropriate restructuring, stable quarter. Upgrade to BUY

Buy: CESC Ltd.

Recommendation Target

HDFC Securities

CESC reported a steady 4QFY17 with flat YoY PAT (Rs 2.95bn), despite the impact of a negative bid on its captive mine. The results were overshadowed by the much-awaited announcement of CESC?s corporate restructuring. The company would now be demerged into four entities, i.e. Discom, Genco, Retail and others.

CESC Ltd. is trading above its 150 day SMA of 160.6

Is CESC Ltd. worth buying?

768 Votes:

Buy 80.6%

Sell 9.24%

Hold 10.16%

RESEARCH REPORTS

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