CESC (CESC) share price, P/E, ROE & financials

On 6 Nov 2026, CESC was priced at ₹126.25, or 10.8× trailing earnings, against an industry P/E of 10.8×, and the shares are 38% below their 52-week high. It earns ROCE of 10.0% and ROE of 12%, and sales and net profit grew 9.2% and 4.7% a year over 3 years. Its dividend yield is 4.8%, and debt is 1.71× equity. It is a small-cap company with a market cap of ₹16,735 Cr, ranked 4th of 11 Utilities (Regulated Electric) companies by market cap; the shares fell 28% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹130.25
Day high: ₹130.25
Day low: ₹124.60
Prev. close: ₹130.25
Volume: 34.6 L

Health check

2 fair · 4 to check

ReturnsBehind
−28.5% over a year, better than 2 of 7 peers.
Price tagIn line
P/E 10.8 vs industry 10.8.
GrowthSteady
Sales +9.2%, profit +4.7% a year over 3 years.
ProfitabilityWeak
ROCE 10.0% vs peer median 9.3%.
Balance sheetStretched
Debt 1.71× equity, interest covered 2.4×, Piotroski 5 of 9.
Red flags3 to check
Debt is 1.71× equity.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Utilities - Regulated Electric

10 listed peers. Screen the industry

Small cap

₹16,735 Cr, #4 of 11 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹19,179 Cr · profit ₹1,549 Cr

Market cap: ₹16,735 Cr; Small cap
P/E: 10.8; Industry 10.8
Price to book: 1.34; Peers 1.47
Dividend yield: 4.75%
ROE: 12.2%; Peers 14.5%
ROCE: 10.0%; Peers 9.3%
Debt to equity: 1.71; Debt ₹22,458 Cr
EPS (TTM): ₹11.69; Face value ₹1
OPM (TTM): 23.0%; Net margin 8.1%
Sales growth: +5.4%; Latest quarter vs a year ago
Profit growth: +3.1%; Latest quarter vs a year ago
Price to sales: 0.87; EV/EBITDA 10.0

Strengths

Dividend yield of 4.75%.
Positive operating cash flow in each of the last 4 years.

Risks to check

Debt is 1.71× equity.
38% below its 52-week high.
Interest coverage of only 2.7×.

Derived automatically from reported figures. Not a recommendation.

About CESC

CESC Limited, an integrated electrical utility company, engages in the generation and distribution of electricity in India. It owns and operates two thermal power plants, including Budge Budge generating station with a generating capacity of 750 megawatts and Southern generating stations with a generating capacity of 135 megawatts; a 40-megawatt atmospheric fluidized bed combustion power plant in Asansol, West Bengal; a 300-megawatt solar project in…

Headquarters: Kolkata
Employees: 5,289
Sector: Utilities
ISIN: INE486A01021
Website: cesc.co.in

Price range

52 weeks

₹122.15₹204.50

Today

₹124.60₹130.25

Avg volume (3M): 19.8 L
1-year return: minus 28.5%
From 52-week high: minus 38.3%

Analyst consensus

12 analysts

Strong buyMean target ₹195.83 55.1%

Target range, with today’s price

Low ₹145.00High ₹224.00

Today’s price ₹126.25 is below the lowest analyst target.

Next results expected around 7 Jan 2027

Consensus from Yahoo Finance. Not a recommendation.

Peers · Utilities - Regulated Electric

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
NTPCNTPC	323.45	plus 2.13%	3,13,639	10.6	9.6	8.9%	30.8%	1.26	1.9%	minus 4.2%
POWERGRIDPower Grid Corporation of India	259.90	minus 0.48%	2,41,723	14.9	10.1	11.2%	82.3%	1.46	0.6%	minus 6.4%
NLCINDIANLC India	237.61	minus 1.60%	32,948	8.3	10.1	9.3%	31.4%	1.04	2.7%	minus 7.9%
CESCCESC	126.25	minus 3.07%	16,735	10.8	8.4	10.0%	23.0%	1.71	9.2%	minus 28.5%
GIPCLGujarat Industries Power Company	164.37	minus 5.85%	2,551	5.1	10.7	4.4%	41.2%	0.94	3.2%	minus 2.2%
BAJELBajel Projects	163.49	minus 2.83%	1,892	86.0	20.5	11.7%	3.7%	0.49	67.5%	minus 9.2%
DPSCLTDDPSC	6.45	minus 0.46%	628	80.6	136.0	2.8%	0.5%	0.14	3.7%	minus 44.8%
GVELECTRICG V Electricals	104.00	minus 1.81%	117	11.2	7.0	39.4%	10.6%	0.49	14.5%	minus 37.3%
Median of 7 peers	–	−1.60%	2,551	11.2	10.1	9.3%	30.8%	0.94	3.2%	−7.9%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Mar 25	Jun 25	Dec 25	Mar 26	Jun 26
3,877	5,202	4,005	4,096	5,485
–	–	–	+5.6%	+5.4%
2,723	4,338	2,718	2,813	4,590
1,154	864	1,287	1,283	895
29.8%	16.6%	32.1%	31.3%	16.3%
0	316	−209	56	254
383	363	385	382	312
304	305	308	304	291
467	512	385	653	546
17.3%	20.5%	21.0%	29.7%	23.3%
374	390	285	439	402
–	–	–	+17.4%	+3.1%
2.82	2.92	2.15	3.31	3.03

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +9.2%
Profit CAGR 3Y: +4.7%
EPS CAGR 3Y: +4.7%
ROE: 12.2%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
14,246	15,293	17,001	18,570
–	+7.3%	+11.2%	+9.2%
11,714	12,723	13,911	14,688
2,532	2,570	3,090	3,883
17.8%	16.8%	18.2%	20.9%
1,485	1,917	1,523	1,097
1,193	1,328	1,437	1,463
1,092	1,466	1,401	1,441
7.3	−10.2	7.8	42.5
1,739	1,683	1,783	2,119
19.7%	14.0%	19.9%	23.6%
1,343	1,376	1,370	1,542
–	+2.5%	minus 0.5%	+12.6%
10.13	10.38	10.33	11.63

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
133	133	133	133
10,777	11,312	11,877	12,397
14,263	14,544	17,978	21,671
12,539	11,179	11,022	12,269
37,712	37,168	41,010	46,470
22,810	22,241	23,174	26,273
176	292	1,447	4,548
77	51.6	59.4	55.2
2,333	2,590	3,977	5,604
12,316	11,994	12,354	9,990
37,712	37,168	41,010	46,470

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
1,978	2,351	2,581	4,057
−545	−564	−3,012	−3,235
−2,457	−1,642	1,337	1,205
−1,024	146	906	2,027
−696	−771	−1,863	−3,916
1,283	1,580	718	141
−604	−606	−603	−803

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 77.0% (Yahoo estimate).

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you