CESC Ltd.

NSE: CESC · Power

₹126.25-3.07%06 Nov 2026

Ask the data

Instant answers about CESC Ltd. — computed from its filings, no language model

Market cap₹16,791 cr

Current price₹126.25

High / Low₹199 / ₹123

P/E10.8

P/B1.35

Book value₹93.7

ROE12.4%

ROCE10.1%

Debt / equity1.77

Dividend yield4.78%

EPS (TTM)₹11.65

Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 7 periods

	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	11,014	11,639	12,544	14,246	15,293	17,001	18,570
EBITDA	2,872	3,186	2,917	2,149	2,126	2,689	3,447
Operating margin	26.1%	27.4%	23.3%	15.1%	13.9%	15.8%	18.6%
Interest	1,357	1,226	1,129	1,117	1,234	1,324	1,360
Depreciation	781	867	885	878	1,217	1,205	1,228
Profit before tax	1,600	1,752	1,916	1,739	1,683	1,782	2,119
Tax	363	389	511	342	236	354	501
Net profit	1,302	1,331	1,359	1,343	1,376	1,369	1,542
EPS ₹	98.24	100.40	10.25	10.13	10.38	10.32	11.63
Operating cash flow	—	—	2,499	1,978	2,352	2,582	4,057
Capex	—	—	778	696	771	1,863	3,916
Dividend paid	—	—	603	604	606	603	803
Total assets	35,457	35,862	37,493	37,711	37,168	40,981	46,470
Equity	9,412	9,873	10,396	10,910	11,445	12,009	12,530

Quarterly performance

last 30 quarters · ₹ crore

showing latest 8 of 30 periods

	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	3,227	3,010	2,344	2,433	2,420	2,990	2,539	2,890	3,216	3,494	2,826	3,011	4,102	3,913	3,129	3,102	4,310	4,352	3,244	3,387	4,863	4,700	3,561	3,877	5,202	5,267	4,005	4,096	5,485	5,607
Operating profit	758	835	654	625	577	765	730	840	768	914	545	696	650	490	496	513	724	646	346	410	371	896	610	812	864	1,061	779	743	895	1,039
Operating margin	23.5%	27.7%	27.9%	25.7%	23.8%	25.6%	28.8%	29.1%	23.9%	26.2%	19.3%	23.1%	15.8%	12.5%	15.9%	16.5%	16.8%	14.8%	10.7%	12.1%	7.6%	19.1%	17.1%	20.9%	16.6%	20.1%	19.5%	18.1%	16.3%	18.5%
Other income	30	122	205	413	232	143	199	213	127	66	408	409	191	421	426	547	323	62	617	645	744	189	396	293	311	152	257	531	254	178
Interest	344	331	322	360	320	302	304	290	283	278	273	298	265	274	289	289	308	305	296	325	322	328	339	335	363	337	343	317	312	335
Depreciation	192	191	193	205	202	199	203	218	219	222	221	223	217	221	219	221	300	303	303	311	301	295	305	304	304	311	308	304	291	296
Profit before tax	252	435	344	473	287	421	434	545	393	480	459	584	359	416	414	550	439	461	364	419	492	462	362	466	508	565	385	653	546	586
Tax	130	102	95	36	96	50	106	116	113	140	119	139	62	97	78	105	71	98	63	4	104	89	80	81	104	120	81	194	127	148
Net profit	232	364	267	439	198	370	324	423	271	335	329	424	286	305	319	433	347	348	281	400	378	353	265	373	387	425	285	439	402	423
EPS ₹	17.51	27.44	20.16	33.13	14.93	27.91	24.43	31.90	20.44	2.53	2.48	3.19	2.16	2.30	2.40	3.27	2.62	2.62	2.12	3.02	2.85	2.67	1.99	2.81	2.92	3.21	2.15	3.31	3.03	3.20
Revenue YoY	—	—	—	—	-25.0%	-0.7%	8.3%	18.8%	32.9%	16.9%	11.3%	4.2%	27.5%	12.0%	10.7%	3.0%	5.1%	11.2%	3.7%	9.2%	12.8%	8.0%	9.8%	14.5%	7.0%	12.1%	12.5%	5.6%	5.4%	6.5%
Profit YoY	—	—	—	—	-14.7%	1.6%	21.3%	-3.6%	36.9%	-9.5%	1.5%	0.2%	5.5%	-9.0%	-3.0%	2.1%	21.3%	14.1%	-11.9%	-7.6%	8.9%	1.4%	-5.7%	-6.8%	2.4%	20.4%	7.5%	17.7%	3.9%	-0.5%

Earlier results (standalone, Sep '07 – Mar '19)

₹ crore · from BSE, before the NSE XBRL filings begin

CESC Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 11 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†
Revenue	3,064	3,351	4,015	4,835	5,317	5,521	6,189	6,493	7,120	7,773	7,748
Operating profit	645	814	1,073	1,172	1,324	1,444	1,549	1,598	1,521	1,691	1,358
Operating margin	21.1%	24.3%	26.7%	24.2%	24.9%	26.2%	25.0%	24.6%	21.4%	21.8%	17.5%
Other income	130	84	74	100	93	89	85	123	147	166	165
Interest	140	178	271	276	338	369	408	453	448	484	466
Depreciation	170	198	267	290	306	339	343	369	409	433	434
Profit before tax	465	522	609	706	773	825	883	899	1,188	1,111	993
Tax	55	89	122	141	155	173	185	192	325	240	58
Net profit	410	433	487	565	618	652	698	707	863	871	935

Quarters

showing latest 8 of 47 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†
Revenue	730	676	638	783	764	763	754	820	964	797	770	1,096	1,105	939	875	1,183	1,241	1,032	1,379	1,420	1,344	1,040	1,513	1,436	1,632	1,207	1,246	1,863	1,661	1,249	1,416	1,704	1,772	1,538	1,479	1,912	2,016	1,620	1,572	2,184	2,088	1,706	1,795	2,159	2,220	1,707	1,662
Operating profit	141	155	126	122	196	162	165	201	225	188	200	256	318	253	246	267	260	213	432	290	311	266	457	321	376	293	454	378	423	299	449	386	438	298	476	411	591	315	204	607	505	314	265	495	511	202	150
Operating margin	19.3%	22.9%	19.7%	15.6%	25.7%	21.2%	21.9%	24.5%	23.3%	23.6%	26.0%	23.4%	28.8%	26.9%	28.1%	22.6%	21.0%	20.6%	31.3%	20.4%	23.1%	25.6%	30.2%	22.4%	23.0%	24.3%	36.4%	20.3%	25.5%	23.9%	31.7%	22.7%	24.7%	19.4%	32.2%	21.5%	29.3%	19.4%	13.0%	27.8%	24.2%	18.4%	14.8%	22.9%	23.0%	11.8%	9.0%
Other income	26	27	42	59	22	28	21	17	21	26	20	15	17	22	20	13	29	20	38	21	24	24	24	19	27	26	17	15	17	21	32	25	25	43	30	26	32	30	59	40	35	43	48	20	28	45	72
Interest	34	33	31	32	35	36	37	43	46	42	47	67	77	69	58	70	75	66	65	78	89	86	85	90	103	99	77	100	95	99	114	120	116	105	112	115	116	108	109	121	126	121	116	120	120	117	109
Depreciation	40	43	40	42	43	43	42	48	49	49	52	67	64	69	67	71	72	75	72	77	76	77	76	84	84	85	86	94	93	81	75	91	90	89	99	96	99	98	116	105	108	109	111	111	111	109	103
Profit before tax	105	106	97	107	140	111	107	127	151	123	121	137	194	137	141	139	142	92	333	156	170	127	320	166	216	135	308	199	252	140	292	200	257	147	295	226	348	235	379	227	315	197	372	234	345	21	393
Tax	12	13	11	13	16	13	13	22	25	21	21	27	39	27	29	28	28	18	67	31	34	26	64	35	45	28	65	48	60	29	48	48	62	35	47	52	106	83	84	49	68	43	80	52	74	-152	84
Net profit	93	93	86	94	124	98	94	105	126	102	100	110	155	110	112	111	114	74	266	125	136	101	256	131	171	107	243	151	192	111	244	152	195	112	248	174	242	152	295	178	247	154	292	182	271	173	309
EPS ₹	11.03	7.92	6.88	7.51	9.94	7.84	7.52	8.40	10.09	8.16	8.00	8.81	12.41	8.81	8.95	8.91	9.13	5.88	21.33	9.95	10.94	8.14	20.49	10.47	13.69	8.53	19.49	12.12	15.37	8.60	18.35	11.47	14.73	8.41	18.72	13.11	18.30	11.48	21.15	13.40	18.65	11.63	22.08	13.77	20.41	13.08	23.30
Revenue YoY	—	—	—	—	4.7%	12.9%	18.2%	4.7%	26.2%	4.5%	2.1%	33.7%	14.6%	17.8%	13.6%	7.9%	12.3%	9.9%	57.6%	20.0%	8.3%	0.8%	9.7%	1.1%	21.4%	16.1%	-17.6%	29.7%	1.8%	3.5%	13.6%	-8.5%	6.7%	23.1%	4.4%	12.2%	13.8%	5.3%	6.3%	14.2%	3.6%	5.3%	14.2%	-1.1%	6.3%	0.1%	-7.4%
Profit YoY	—	—	—	—	33.3%	5.4%	9.3%	11.7%	1.6%	4.1%	6.4%	4.8%	23.0%	7.8%	12.0%	0.9%	-26.5%	-32.7%	137.5%	12.6%	19.3%	36.5%	-3.8%	4.8%	25.7%	5.9%	-5.1%	15.3%	12.3%	3.7%	0.4%	0.7%	1.6%	0.9%	1.6%	14.5%	24.1%	35.7%	19.0%	2.3%	2.1%	1.3%	-1.0%	2.2%	9.7%	12.3%	5.8%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 27 periods

	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	13.8%	13.5%	13.5%	14.1%	13.3%	14.1%	13.7%	13.8%	13.1%	13.2%	12.4%	12.3%	12.3%	12.9%	12.6%	12.3%	12.0%	12.3%	11.7%	11.6%	11.4%	11.5%	11.4%	11.6%	12.3%	12.4%	12.4%
ROCE	13.2%	13.3%	13.1%	13.4%	12.1%	12.4%	12.6%	12.5%	12.1%	11.9%	11.6%	11.5%	11.3%	11.8%	12.1%	11.9%	11.3%	11.6%	11.0%	11.1%	10.4%	10.5%	10.4%	10.5%	10.3%	10.2%	10.1%
Net margin	11.8%	12.4%	12.5%	12.8%	12.1%	11.9%	11.1%	10.9%	10.8%	10.2%	9.7%	9.4%	9.4%	9.7%	9.7%	9.4%	9.0%	8.9%	8.7%	8.5%	8.1%	7.9%	8.1%	8.0%	8.3%	8.2%	8.1%
EBITDA margin	26.1%	26.4%	25.7%	26.0%	26.9%	26.7%	26.8%	24.7%	23.3%	20.9%	17.2%	16.5%	15.1%	15.4%	16.0%	14.9%	13.9%	11.2%	12.5%	13.9%	15.8%	18.4%	18.7%	19.2%	18.6%	18.4%	18.0%
Debt / equity	1.29	1.29	1.29	1.29	1.42	1.42	1.42	1.42	1.42	1.42	1.32	1.32	1.31	1.31	1.20	1.20	1.25	1.25	1.27	1.27	1.50	1.50	1.48	1.48	1.70	1.70	1.77
Interest coverage	2.11	2.15	2.17	2.26	2.39	2.52	2.60	2.67	2.69	2.69	2.64	2.57	2.56	2.57	2.57	2.51	2.36	2.39	2.37	2.32	2.35	2.32	2.38	2.40	2.55	2.64	2.66
Asset turnover	0.31	0.29	0.29	0.29	0.30	0.32	0.34	0.35	0.33	0.36	0.36	0.37	0.38	0.38	0.39	0.39	0.41	0.43	0.42	0.43	0.41	0.42	0.41	0.42	0.40	0.41	0.40

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 13 periods

	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	133	133	133	133	133	133	133	133	133	133	133	133	133
Other equity / reserves	8,841	9,278	9,740	10,263	10,737	10,777	11,367	11,312	11,948	11,876	12,578	12,397	12,335
Total equity	8,974	9,412	9,873	10,396	10,870	10,910	11,500	11,445	12,081	12,009	12,711	12,530	12,468
Borrowings	12,612	12,182	14,041	14,739	14,305	14,262	13,841	14,363	15,376	17,978	18,811	21,319	22,017
Current liabilities	8,030	8,954	7,536	8,834	6,780	7,410	6,719	6,805	7,809	8,480	9,062	10,584	10,865
Non-current liabilities	16,383	16,727	18,057	17,828	17,972	16,938	17,884	18,238	17,861	19,897	20,786	22,697	23,859
Total assets	33,470	35,457	35,862	37,493	38,040	37,711	38,227	37,168	38,313	40,981	43,185	46,470	47,882
Property, plant & equipment	23,435	24,505	23,971	23,019	22,714	22,634	21,819	21,949	21,547	21,673	21,248	21,724	22,836
Capital work-in-progress	161	168	134	102	221	140	235	174	292	427	890	2,905	2,969
Investments	712	180	308	460	95	77	196	57	170	59	139	154	91
Inventories	700	720	598	659	597	880	615	878	599	725	612	698	634
Receivables	1,739	1,839	2,315	2,095	2,750	2,192	2,757	2,256	2,864	2,428	3,003	2,416	3,178
Cash & equivalents	503	1,262	840	2,153	2,082	1,129	1,525	1,275	1,330	2,181	2,951	4,208	2,764

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 10 periods

	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	2,655	2,432	2,294	3,408	2,806	2,499	1,978	2,352	2,582	4,057
Cash from investing	-1,493	-981	-687	-466	-1,489	-575	-545	-564	-3,013	-3,235
Cash from financing	-760	-1,449	-1,737	-2,219	-1,739	-611	-2,457	-1,642	1,337	1,205
Capex	1,472	894	838	919	683	778	696	771	1,863	3,916
Free cash flow	1,183	1,538	1,456	2,489	2,123	1,721	1,282	1,581	719	141
Dividends paid	133	158	231	295	594	603	604	606	603	803

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹22,836 cr48%

CWIP

₹2,969 cr6%

Investments

₹91 cr0%

Inventories

₹634 cr1%

Receivables

₹3,178 cr7%

Cash & equivalents

₹2,764 cr6%

Other assets

₹15,410 cr32%

Peer comparison

largest in Power · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Adani Power Ltd.	3,93,967	204.29	21.6	5.13	23.7%
NTPC Ltd.	3,13,639	323.45	10.6	1.47	13.9%
Power Grid Corporation of India Ltd.	2,41,723	259.90	14.9	2.26	15.2%
Adani Green Energy Ltd.	2,34,549	1,424.10	125.2	10.86	8.7%
Adani Energy Solutions Ltd.	1,78,233	1,457.40	48.1	5.69	11.8%
Tata Power Co. Ltd.	1,12,645	352.50	29.2	2.85	9.8%
JSW Energy Ltd.	96,224	524.95	41.5	2.62	6.3%
NHPC Ltd.	82,450	82.08	19.1	1.88	9.9%
NTPC Green Energy Ltd.	69,627	82.63	106.0	3.59	3.4%
Torrent Power Ltd.	64,051	1,271.10	26.5	3.05	11.5%
CESC Ltd.	16,791	126.25	10.8	1.35	12.4%

StoxGud checklist: Bearish setup · 2/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-3.8%

6 months-32.3%

1 year-30.5%

3Y CAGR+13.3%

5Y CAGR+6.6%

10Y CAGR+7.8%

50-day avg₹137.23

200-day avg₹157.67

RSI (14)35

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FAQs

What is the share price of CESC Ltd.?

CESC Ltd. (CESC) closed at ₹126.25 on NSE on 06 Nov 2026.

What is the market cap of CESC Ltd.?

₹16,791 crore at the latest close.

What is the P/E ratio of CESC Ltd.?

10.8, on trailing-twelve-month earnings from its filings.

How fast is CESC Ltd. growing?

CESC Ltd.: revenue has compounded at 9.2% a year over three years; net profit at 4.7% a year. Latest-quarter revenue is up 6.5% year on year, profit down 0.5%.

How profitable is CESC Ltd.?

On a trailing-twelve-month basis return on equity is 12.4%, return on capital employed 10.1%, operating margin 18.0%, net margin 8.1%.

How much debt does CESC Ltd. have?

CESC Ltd. is highly geared: debt to equity is 1.77 with borrowings of ₹22,017 cr against cash of ₹2,764 cr (balance sheet of 2026-09-30). Operating profit covers interest 2.7 times.

Financials parsed from CESC Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from JUN '19, annual from FY20, balance sheet from Mar '19. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.