Is CESC a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that CESC Ltd is a average quality company .

Is CESC undervalued or overvalued?

The key valuation ratios of CESC Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is CESC share price return in the past 10 years?

CESC Ltd share price has appreciated 9% annually (CAGR) over the past ten years.

Is CESC a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of CESC Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

CESC Ltd - Stock Valuation and Financial Performance

Name: CESC
Brand: CESC

BSE: 500084 | NSE: CESC | Power Generation/Distribution | Small Cap

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CESC Share Price

₹186.35 -2.90 -1.53%
as on 20-Sep'24 16:01

10 Year X-Ray of CESC:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	12.2%	10.4%	8.8%	9.8%	11.3%	11%	8.7%	9.3%	9.7%	9.5%	-
Value Creation Index ⓘ	-0.1	-0.2	-0.4	-0.3	-0.2	-0.2	-0.4	-0.3	-0.3	-0.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	6,189	6,796	7,220	7,786	7,754	7,836	6,921	7,294	7,973	8,606	8,941
Sales YoY Gr.	-	9.8%	6.2%	7.8%	-0.4%	1.1%	-11.7%	5.4%	9.3%	7.9%	-
Adj EPS ⓘ	5.1	6	5.3	5.1	4	3.9	3.7	2.2	1.9	-2.2	6
YoY Gr.	-	18.9%	-11.6%	-4.3%	-21.6%	-3%	-5.9%	-40%	-14.6%	-217.1%	-
BVPS (₹) ⓘ	54.5	98.1	100.5	71.3	73.7	75.7	75.3	75.1	75.2	74.6	76
Adj Net Profit ⓘ	672	800	707	677	530	514	483	291	248	-290	797
Cash Flow from Ops. ⓘ	732	1,927	1,686	1,574	1,220	1,282	810	709	1,196	1,039	-
Debt/CF from Ops. ⓘ	7.2	2.8	3.5	3.8	5	5	9	11.8	6.9	9.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	3.7%	2.1%	7.5%	7.9%
Adj EPS ⓘ	-191.1%	-188.7%	-184.3%	-217.1%
BVPSⓘ	3.6%	0.3%	-0.3%	-0.8%
Share Price	9%	17.2%	28%	106.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	8.9	7.6	5.4	5.9	5.5	5.2	4.8	2.9	2.5	-2.9	8
Op. Profit Mgn % ⓘ	26.3	27	24.2	22.3	18.9	19.4	18.1	16.7	16.1	10.2	26.2
Net Profit Mgn % ⓘ	10.9	11.8	9.8	8.7	6.8	6.6	7	4	3.1	-3.4	8.9
Debt to Equity ⓘ	0.7	0.4	0.5	0.6	0.6	0.6	0.7	0.8	0.8	1	-
Working Cap Days ⓘ	229	303	372	318	269	277	351	364	360	356	75
Cash Conv. Cycle ⓘ	77	57	42	38	34	29	39	41	35	27	-38

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 8.00%

Debt to equity has declined versus last 3 years average to 0.96

Sales growth has been subdued in last 3 years 7.53%

Net Profit has been subdued in last 3 years -184.34%

Sales growth is not so good in last 4 quarters at 9.39%

Latest Financials - CESC Ltd.

	Standalone	Consolidated
TTM EPS (₹)	6	10.6
TTM Sales (₹ Cr.)	8,941	15,846
BVPS (₹.) ⓘ	76	89.3
Reserves (₹ Cr.) ⓘ	9,947	11,700
P/BV ⓘ	2.45	2.09
PE ⓘ	31.00	17.56

From the Market
52 Week Low / High (₹)	82.45 / 210.00
All Time Low / High (₹)	0.91 / 210.00
Market Cap (₹ Cr.)	24,709
Equity (₹ Cr.)	132.6
Face Value (₹)	1
Industry PE ⓘ	28.2

Management X-Ray of CESC:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of CESC

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of CESC

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	6,189	6,796	7,220	7,786	7,754	7,836	6,921	7,294	7,973	8,606
Operating Expenses ⓘ	4,560	4,966	5,558	6,074	6,309	6,341	5,685	6,086	6,686	7,726
Manufacturing Costs	3,665	3,876	4,434	4,640	4,838	4,813	4,345	4,699	5,197	6,015
Material Costs	0	0	0	0	0	0	0	0	0	0
Employee Cost	694	707	780	860	926	969	900	886	983	991
Other Costs ⓘ	201	383	344	574	545	559	440	500	506	719
Operating Profit ⓘ	1,628	1,830	1,662	1,712	1,445	1,495	1,237	1,208	1,287	880
Operating Profit Margin (%)	26.3%	26.9%	23.0%	22.0%	18.6%	19.1%	17.9%	16.6%	16.1%	10.2%
Other Income ⓘ	94	140	205	199	185	189	232	201	180	123
Interest ⓘ	496	555	558	592	574	650	616	611	715	857
Depreciation ⓘ	343	370	401	426	433	448	463	471	480	720
Exceptional Items ⓘ	0	0	190	209	560	532	457	716	787	1,496
Profit Before Tax ⓘ	883	1,046	1,099	1,102	1,183	1,119	847	1,044	1,060	922
Tax ⓘ	185	201	238	238	246	201	33	228	229	147
Profit After Tax	698	845	861	865	937	918	814	816	830	775
PAT Margin (%)	11.3%	12.4%	11.9%	11.1%	12.1%	11.7%	11.8%	11.2%	10.4%	9.0%
Adjusted EPS (₹)	5.3	6.4	6.5	6.5	7.1	6.9	6.1	6.2	6.3	5.9
Dividend Payout Ratio (%)	17%	16%	15%	18%	25%	29%	73%	73%	72%	77%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	8,080	13,001	13,324	9,448	9,764	10,038	9,978	9,955	9,964	9,888
Share Capital ⓘ	133	133	133	133	133	133	133	133	133	133
Reserves ⓘ	7,947	12,868	13,191	9,314	9,631	9,905	9,844	9,822	9,831	9,755
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	4,324	4,425	5,207	4,960	4,845	5,278	6,325	6,983	6,410	7,942
Long Term Debt	3,183	2,966	3,772	3,667	3,360	3,688	5,411	5,669	5,458	7,272
Short Term Debt	1,141	1,459	1,435	1,293	1,485	1,590	914	1,314	952	670
Trade Payables	326	364	377	488	619	597	782	556	725	1,115
Others Liabilities ⓘ	6,188	9,550	9,523	11,134	10,860	11,038	10,574	10,512	11,160	9,406
Total Liabilities ⓘ	18,918	27,341	28,431	26,030	26,089	26,952	27,658	28,005	28,260	28,351
Fixed Assets
Gross Block	15,266	15,486	16,102	16,694	17,352	18,118	18,434	18,908	19,336	19,758
Accumulated Depreciation	6,032	627	1,289	1,963	2,671	3,371	4,059	4,718	5,408	6,366
Net Fixed Assetsⓘ	9,234	14,859	14,814	14,731	14,680	14,747	14,375	14,190	13,929	13,392
CWIP ⓘ	262	196	188	127	67	89	66	43	64	78
Investmentsⓘ	4,249	4,552	4,592	4,700	4,943	4,446	5,074	5,016	5,063	5,220
Inventories	405	317	379	387	383	387	380	434	502	513
Trade Receivables	1,382	966	969	1,041	1,028	991	1,394	1,035	1,080	1,231
Cash Equivalents	738	837	924	723	624	1,413	957	1,275	828	1,134
Others Assetsⓘ	2,648	5,614	6,566	4,321	4,365	4,878	5,412	6,011	6,794	6,782
Total Assets ⓘ	18,918	27,341	28,431	26,030	26,089	26,952	27,658	28,005	28,260	28,351

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	732	1,927	1,686	1,574	1,220	1,282	810	709	1,196	1,039
PBT ⓘ	883	1,046	1,101	1,099	1,183	1,119	847	1,044	1,060	922
Adjustment ⓘ	839	925	752	858	847	948	873	866	999	1,406
Changes in Working Capital ⓘ	-793	151	35	-222	-599	-619	-738	-972	-643	-932
Tax Paid ⓘ	-197	-195	-202	-161	-212	-165	-172	-230	-220	-358
Cash Flow From Investing Activity ⓘ	-1,973	-1,141	-1,708	-1,042	-662	-114	-1,065	-379	-380	-563
Capex	-953	-798	-742	-594	-640	-619	-431	-530	-390	-422
Net Investments	-461	48	50	108	26	550	17	7	58	25
Others ⓘ	-559	-390	-1,016	-557	-49	-45	-651	143	-48	-166
Cash Flow From Financing Activityⓘ	1,197	-670	112	-734	-672	-440	-243	-22	-1,280	-209
Net Proceeds from Shares ⓘ	491	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	648	-209	746	149	-103	327	1,522	678	311	1,467
Interest Paid ⓘ	-436	-478	-476	-502	-483	-526	-463	-475	-606	-769
Dividend Paid ⓘ	-100	-250	-133	-158	-231	-264	-594	-595	-594	-596
Others ⓘ	594	266	-25	-223	145	24	-709	370	-391	-311
Net Cash Flow ⓘ	-44	116	90	-202	-114	729	-498	308	-464	266

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	10.49	8.36	6.54	7.59	9.76	9.27	8.14	8.19	8.34	7.81
ROCE (%)	12.22	10.4	8.8	9.77	11.26	10.95	8.67	9.31	9.71	9.46
Asset Turnover Ratio	0.35	0.29	0.26	0.29	0.3	0.3	0.25	0.26	0.28	0.3
PAT to CFO Conversion(x)	1.05	2.28	1.96	1.82	1.3	1.4	1	0.87	1.44	1.34
Working Capital Days
Receivable Days	76	63	49	47	49	47	63	61	48	49
Inventory Days	22	19	18	18	18	18	20	20	21	22
Payable Days	0	0	0	0	0	0	0	0	0	0

CESC Ltd Stock News

CESC Ltd FAQs

What is the share price of CESC?

Company share prices are keep on changing according to the market conditions. The closing price of CESC on 20-Sep-2024 16:01 is ₹186.3.

What is the market cap of CESC?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Sep-2024 16:01 the market cap of CESC stood at ₹24,708.6.

What is the P/E ratio of CESC?

The latest P/E ratio of CESC as of 20-Sep-2024 16:01 is 31.00.

What is the P/B ratio of CESC?

The latest P/B ratio of CESC as of 20-Sep-2024 16:01 is 2.45.

What is the 52-week high and low of CESC?

The 52-week high of CESC is ₹210.0 and the 52-week low is ₹82.45.

What is the TTM revenue of CESC?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of CESC is ₹8,941 ( Cr.) .

About CESC Ltd

CESC is India’s first fully integrated electrical utility company and it has been on an epic ride ever since 1899 in generating and distributing power in Kolkata and Howrah. The company has private participation in generation, transmission and distribution of electrical power. The company is the sole distributor of electricity within an area of 567sq km of Kolkata & Howrah which include domestic, industrial and commercial users. The company own & operate three thermal power plants. The company own & operate the Transmission & Distribution System through which it supplies electricity to consumers.

In diurnal course, the company has verged upon renewable sources. It has brought forth three projects in three different areas of renewable sources. These are Gujarat Solar, which is a solar plant in Gujarat’s Kutch, Hydro Power Venture (Papu Hydropower Projects Limited & Pachi Hydropower Projects) in Arunachal Pradesh and Wind Power Operation at Dangi in Rajasthan.

The company also installed two thermal power plants to meet the requirement of its electricity. These are Chandrapur Thermal Plant at Chandrapur, Maharastra and Haldia Thermal Plant at Haldia, West Bengal.

With its continuous effort to accomplish the requirement of its consumers and make them easily avail all its services from their premises, it has employed value added online services. By online services, work can be done from consumer’s premises and they don’t have to visit offices for any work.

Business area of the company

The company is engaged in electricity distribution with embedded generation facility, across 567 square kilometres of its licensed area in Kolkata, Howrah, Hooghly, North and South 24 Parganas in West Bengal. CESC supplies safe, cost-effective and reliable electricity to millions of customers. The Company, through its subsidiaries and an associate, also has a portfolio of independent power generation projects and distribution ventures in other parts of the country.

Awards and recognition

Generation

2015

14th Annual Greentech Safety Award 2015
16th National Awards for Excellence in Energy Management 2015” organised by Confederation of Indian Industry, Hyderabad
“IPPAI Power Award 2015” organised by Independent Power Producer Association of India
All India Runner up Shield as “Best Thermal Power Generator (Cheapest producing with efficiency)”
Asia Regional Plant Operational Excellence Award for the period 2012-14, by M/S Nevigant of USA & EEI (Edison Electric Institute of USA)

2016

FAME Excellence Award 2016 in Environment Protection
15th Annual Greentech Safety Award 2016
ICC Environment Excellence Award 2016

2017

Rashtra Vibhushan Award 2016-17
Asian Power Awards 2017

2018

Apex India Occupation Health & Safety Gold Award 2018
Environmental Excellence Award 2018 from Mission Energy Foundation
19th National Award for Excellence in Energy Management 2018 organized by Confederation of Indian Industry (CII)
2nd Annual Exceed Gold Award 2018
18th Annual Greentech Environment

2019

IPPAI Power Awards 2019

Distribution

2015

IUKAN (India Utility Knowledge And Networking) Forum in the Power Distribution Sector
9th ENERTIA Awards 2015
3rd Innovation with Impact Awards for Discoms, 2015 organised by Indian Chamber of Commerce
Frost & Sulivan Best Practices Award 2015

2016

ICC Award 2016 ; 1st Runner-up under the category - Quality of Service Award

2017

ICC Award 2017; 1st Runner-up under the category - Efficient Distribution Operation Award
ICC Award 2017; 1st Runner-up under the category - Quality of Service Award
11th ENERTIA Awards 2017
6th CII National Excellence Practice Competition on “Customer Engagement & Satisfaction Practices”

2018

ICC 6th Innovation Award 2018; Overall Winner - under the category Innovation with Impact
ICC 6th Innovation Award 2018; Winner - under the category Quality of Service
ICC 6th Innovation Award 2018; Winner - under the category Efficient Distribution Operation
12th ENERTIA AWARDS 2018
“CBIP Award for Best Performing Power Distribution Utility”

2019