View ValuationCESC 将来の成長Future 基準チェック /16CESC利益と収益がそれぞれ年間11.9%と8.4%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に16.3% 9.6%なると予測されています。主要情報11.9%収益成長率9.57%EPS成長率Electric Utilities 収益成長14.2%収益成長率8.4%将来の株主資本利益率16.30%アナリストカバレッジGood最終更新日07 May 2026今後の成長に関する最新情報Price Target Changed • Aug 12Price target increased by 16% to ₹186Up from ₹160, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of ₹179. Stock is up 128% over the past year. The company is forecast to post earnings per share of ₹12.04 for next year compared to ₹10.38 last year.Price Target Changed • Jan 23Price target increased by 12% to ₹147Up from ₹131, the current price target is an average from 10 analysts. New target price is 13% above last closing price of ₹131. Stock is up 77% over the past year. The company is forecast to post earnings per share of ₹10.87 for next year compared to ₹10.13 last year.Price Target Changed • Dec 20Price target increased by 11% to ₹112Up from ₹101, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of ₹115. Stock is up 45% over the past year. The company is forecast to post earnings per share of ₹11.08 for next year compared to ₹10.13 last year.Price Target Changed • Feb 03Price target increased to ₹105Up from ₹94.54, the current price target is an average from 12 analysts. New target price is 24% above last closing price of ₹84.40. Stock is up 37% over the past year. The company is forecast to post earnings per share of ₹10.63 for next year compared to ₹10.04 last year.Price Target Changed • Sep 24Price target decreased to ₹86.15Down from ₹92.70, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of ₹84.10. Stock is up 33% over the past year.Price Target Changed • Jul 01Price target increased to ₹878Up from ₹819, the current price target is an average from 12 analysts. New target price is 14% above last closing price of ₹770. Stock is up 20% over the past year.すべての更新を表示Recent updatesReported Earnings • May 07Full year 2026 earnings: EPS in line with expectations, revenues disappointFull year 2026 results: EPS: ₹11.63 (up from ₹10.33 in FY 2025). Revenue: ₹189.3b (up 11% from FY 2025). Net income: ₹15.4b (up 13% from FY 2025). Profit margin: 8.1% (in line with FY 2025). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 8.4% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Feb 07New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Payout ratio: 0% Dividend yield: 3.9% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risk Dividend is not well covered by earnings (0% payout ratio).Reported Earnings • Feb 07Third quarter 2026 earnings: EPS and revenues miss analyst expectationsThird quarter 2026 results: EPS: ₹2.15 (up from ₹1.99 in 3Q 2025). Revenue: ₹41.0b (up 15% from 3Q 2025). Net income: ₹2.85b (up 7.5% from 3Q 2025). Profit margin: 7.0% (down from 7.4% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.2%. Earnings per share (EPS) also missed analyst estimates by 6.5%. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jan 05CESC Limited Announces Cessation of Kush Singh as Head of the Power Sector, Effective from January 1, 2026CESC Limited informed that Mr. Kush Singh has ceased to be the Head of the Power Sector, from January 1, 2026, due to personal reasons.Upcoming Dividend • Oct 20Upcoming dividend of ₹6.00 per shareEligible shareholders must have bought the stock before 27 October 2025. Payment date: 16 November 2025. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 3.5%. Within top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (2.3%).Reported Earnings • Oct 19Second quarter 2026 earnings released: EPS: ₹3.21 (vs ₹2.67 in 2Q 2025)Second quarter 2026 results: EPS: ₹3.21 (up from ₹2.67 in 2Q 2025). Revenue: ₹52.7b (up 12% from 2Q 2025). Net income: ₹4.25b (up 20% from 2Q 2025). Profit margin: 8.1% (up from 7.5% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Aug 15+ 2 more updatesCESC Limited to Report Q2, 2026 Results on Nov 14, 2025CESC Limited announced that they will report Q2, 2026 results on Nov 14, 2025お知らせ • Aug 12CESC Limited, Annual General Meeting, Sep 11, 2025CESC Limited, Annual General Meeting, Sep 11, 2025, at 10:30 Indian Standard Time.Reported Earnings • Jul 31First quarter 2026 earnings released: EPS: ₹2.92 (vs ₹2.85 in 1Q 2025)First quarter 2026 results: EPS: ₹2.92 (up from ₹2.85 in 1Q 2025). Revenue: ₹52.9b (up 8.7% from 1Q 2025). Net income: ₹3.87b (up 2.4% from 1Q 2025). Profit margin: 7.3% (down from 7.8% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jul 23CESC Limited to Report Q1, 2026 Results on Jul 30, 2025CESC Limited announced that they will report Q1, 2026 results on Jul 30, 2025Reported Earnings • May 16Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: ₹10.32 (down from ₹10.38 in FY 2024). Revenue: ₹173.8b (up 14% from FY 2024). Net income: ₹13.7b (flat on FY 2024). Profit margin: 7.9% (down from 9.0% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 2.6%. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 16CESC Limited (NSEI:CESC) acquired Chandigarh Power Distribution LimitedCESC Limited (NSEI:CESC) acquired Chandigarh Power Distribution Limited on February 1, 2025. CESC Limited (NSEI:CESC) completed the acquisition of Chandigarh Power Distribution Limited on February 1, 2025.Reported Earnings • Jan 11Third quarter 2025 earnings released: EPS: ₹1.99 (vs ₹2.12 in 3Q 2024)Third quarter 2025 results: EPS: ₹1.99 (down from ₹2.12 in 3Q 2024). Revenue: ₹35.6b (up 9.8% from 3Q 2024). Net income: ₹2.65b (down 5.7% from 3Q 2024). Profit margin: 7.4% (down from 8.7% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jan 10CESC Limited Declares Interim DividendCESC Limited announced that at the board meeting held on January 10, 2025 the board has declared an interim dividend of INR 4.50/-per equity share (i.e., 450%) on the paid-up equity share capital of the Company payable to those members whose names appear in the Register of Members of the Company, or, will appear as beneficial owners at the close of the business on January 16, 2025, being the "Record Date" to ascertain the eligibility of members to receive the said interim dividend.お知らせ • Dec 30CESC Limited to Report Q3, 2025 Results on Jan 10, 2025CESC Limited announced that they will report Q3, 2025 results at 9:08 AM, Indian Standard Time on Jan 10, 2025Reported Earnings • Nov 13Second quarter 2025 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2025 results: EPS: ₹2.67 (up from ₹2.62 in 2Q 2024). Revenue: ₹47.7b (up 9.6% from 2Q 2024). Net income: ₹3.53b (up 1.4% from 2Q 2024). Profit margin: 7.4% (down from 8.0% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Nov 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Non-Executive Independent Director Paras Chowdhary was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Oct 29CESC Limited to Report Q2, 2025 Results on Nov 12, 2024CESC Limited announced that they will report Q2, 2025 results on Nov 12, 2024お知らせ • Oct 24CESC Limited Approves Appointment of Paras K Chowdhary as A Non-Executive Independent DirectorCESC Limited by Postal Ballot approved appointment of Mr. Paras K Chowdhary as a Non-Executive Independent Director.お知らせ • Aug 22CESC Limited Appoints Brajesh Singh and Vineet Sikka as DirectorsCESC Limited at its AGM held on August 21, 2024 appointed Brajesh Singh and Vineet Sikka as directors.Price Target Changed • Aug 12Price target increased by 16% to ₹186Up from ₹160, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of ₹179. Stock is up 128% over the past year. The company is forecast to post earnings per share of ₹12.04 for next year compared to ₹10.38 last year.お知らせ • Aug 02CESC Limited to Report Q1, 2025 Results on Aug 09, 2024CESC Limited announced that they will report Q1, 2025 results on Aug 09, 2024Reported Earnings • Jul 30Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: ₹10.38 (up from ₹10.13 in FY 2023). Revenue: ₹152.9b (up 7.3% from FY 2023). Net income: ₹13.8b (up 2.5% from FY 2023). Profit margin: 9.0% (down from 9.4% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.1%. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jul 26CESC Limited, Annual General Meeting, Aug 21, 2024CESC Limited, Annual General Meeting, Aug 21, 2024, at 10:30 Indian Standard Time.Buy Or Sell Opportunity • Jul 12Now 20% undervaluedOver the last 90 days, the stock has risen 32% to ₹187. The fair value is estimated to be ₹235, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 7.2% per annum. Earnings are also forecast to grow by 17% per annum over the same time period.Valuation Update With 7 Day Price Move • Jul 10Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₹186, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 26x in the Electric Utilities industry in India. Total returns to shareholders of 152% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹235 per share.お知らせ • May 30CESC Limited Cessation of Rekha Sethi as Independent DirectorCESC Limited announced that Ms. Rekha Sethi (DIN: 06809515), has completed her second and final term as an Independent Director and consequently ceased to be an Independent Director of the Company w.e.f. the close of business hours on May 29, 2024. List of the Company's Directors & Key Managerial Personnel with effect from May 30, 2024: 1. Dr. Sanjiv Goenka, Chairman, 2. Mr. Shashwat Goenka, 3. Mr. Pradip Kumar Khaitan, 4. Mr. Arjun Kumar, Independent Director, 5. Mr. Pratip Chaudhuri, Independent Director, 6. Mr. Debanjan Mandal, Independent Director, 7. Ms. Kusum Dadoo, Independent Director, 8. Mr. Sunil Mitra, Independent Director, 9. Mr. Vineet Sikka, Managing Director (Distribution), 10. Mr. Brajesh Singh, Managing Director (Generation), 11. Mr. Rajarshi Banerjee, Chief Financial Officer and 12. Mr. Jagdish Patra, Company Secretary.お知らせ • May 24CESC Limited Announces Board Resignations, Effective May 27, 2024CESC Limited at its AGM held on May 23, 2024, announced, that the office of Mr. Rabi Chowdhury and Mr. Debasish Banerjee, shall cease upon completion of their term as Managing Director (Generation) and Managing Director (Distribution) respectively with effect from May 27, 2024. Both Mr. Chowdhury and Mr. Banerjee shall also cease to be the Directors of the company from the said date. The Company places on record its appreciation for the contribution made by them during their tenure with the Company.お知らせ • May 17CESC Limited to Report Q4, 2024 Results on May 23, 2024CESC Limited announced that they will report Q4, 2024 results on May 23, 2024お知らせ • Mar 13CESC Limited Appoints Mr. Arjun Kumar as Non-Executive Independent DirectorCESC Limited approved appointment of Mr. Arjun Kumar as Non-Executive Independent Director.Upcoming Dividend • Jan 25Upcoming dividend of ₹4.50 per share at 3.4% yieldEligible shareholders must have bought the stock before 01 February 2024. Payment date: 18 February 2024. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 3.4%. Within top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (3.0%).Price Target Changed • Jan 23Price target increased by 12% to ₹147Up from ₹131, the current price target is an average from 10 analysts. New target price is 13% above last closing price of ₹131. Stock is up 77% over the past year. The company is forecast to post earnings per share of ₹10.87 for next year compared to ₹10.13 last year.Reported Earnings • Jan 20Third quarter 2024 earnings released: EPS: ₹2.12 (vs ₹2.40 in 3Q 2023)Third quarter 2024 results: EPS: ₹2.12 (down from ₹2.40 in 3Q 2023). Revenue: ₹33.0b (up 5.5% from 3Q 2023). Net income: ₹2.81b (down 12% from 3Q 2023). Profit margin: 8.5% (down from 10% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jan 19CESC Limited Declares Interim DividendThe board of directors of CESC Limited at its meeting held on January 19, 2024, has declared an interim dividend @ INR 4.50/- per equity share (i.e., 450%) on the paid-up equity share capital of the Company payable to those members whose names appear in the Register of Members of the Company, or, will appear as beneficial owners (as per particulars furnished by the Depositories viz., National Securities Depository Limited and Central Depository Services (India) Limited) at the close of the business on February 1, 2024, being the "Record Date" to ascertain the eligibility of members to receive the said interim dividend.お知らせ • Jan 11CESC Limited to Report Q3, 2024 Results on Jan 19, 2024CESC Limited announced that they will report Q3, 2024 results at 12:08 PM, Indian Standard Time on Jan 19, 2024Price Target Changed • Dec 20Price target increased by 11% to ₹112Up from ₹101, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of ₹115. Stock is up 45% over the past year. The company is forecast to post earnings per share of ₹11.08 for next year compared to ₹10.13 last year.Valuation Update With 7 Day Price Move • Dec 05Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₹117, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 20x in the Electric Utilities industry in India. Total returns to shareholders of 125% over the past three years.Reported Earnings • Nov 09Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2024 results: EPS: ₹2.62 (up from ₹2.30 in 2Q 2023). Revenue: ₹44.1b (up 13% from 2Q 2023). Net income: ₹3.48b (up 14% from 2Q 2023). Profit margin: 7.9% (up from 7.8% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 4.8%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Oct 31CESC Limited to Report Q2, 2024 Results on Nov 08, 2023CESC Limited announced that they will report Q2, 2024 results on Nov 08, 2023お知らせ • Jul 29CESC Limited to Report Q1, 2024 Results on Aug 04, 2023CESC Limited announced that they will report Q1, 2024 results on Aug 04, 2023Reported Earnings • Jul 13Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: ₹10.13 (down from ₹10.25 in FY 2022). Revenue: ₹142.5b (up 14% from FY 2022). Net income: ₹13.4b (down 1.1% from FY 2022). Profit margin: 9.4% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.3%. Earnings per share (EPS) also missed analyst estimates by 4.0%. Revenue is forecast to grow 7.2% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 7% per year.お知らせ • Jul 06CESC Limited, Annual General Meeting, Aug 04, 2023CESC Limited, Annual General Meeting, Aug 04, 2023, at 10:30 Indian Standard Time.Reported Earnings • May 23Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: ₹10.13 (down from ₹10.25 in FY 2022). Revenue: ₹145.6b (up 16% from FY 2022). Net income: ₹13.4b (down 1.1% from FY 2022). Profit margin: 9.2% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.3%. Earnings per share (EPS) also missed analyst estimates by 4.0%. Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Feb 17Upcoming dividend of ₹4.50 per share at 5.8% yieldEligible shareholders must have bought the stock before 24 February 2023. Payment date: 16 March 2023. Trailing yield: 5.8%. Within top quartile of Indian dividend payers (1.6%). Higher than average of industry peers (4.3%).Reported Earnings • Feb 15Third quarter 2023 earnings released: EPS: ₹2.40 (vs ₹2.48 in 3Q 2022)Third quarter 2023 results: EPS: ₹2.40 (down from ₹2.48 in 3Q 2022). Revenue: ₹32.2b (up 14% from 3Q 2022). Net income: ₹3.19b (down 3.0% from 3Q 2022). Profit margin: 9.9% (down from 12% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 4% per year.Board Change • Dec 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. Additional Non-Executive Independent Director Debanjan Mandal was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 16Second quarter 2023 earnings released: EPS: ₹2.30 (vs ₹2.53 in 2Q 2022)Second quarter 2023 results: EPS: ₹2.30 (down from ₹2.53 in 2Q 2022). Revenue: ₹39.8b (up 14% from 2Q 2022). Net income: ₹3.05b (down 9.0% from 2Q 2022). Profit margin: 7.7% (down from 9.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat.Reported Earnings • Aug 11First quarter 2023 earnings released: EPS: ₹2.16 (vs ₹2.04 in 1Q 2022)First quarter 2023 results: EPS: ₹2.16 (up from ₹2.04 in 1Q 2022). Revenue: ₹41.5b (up 29% from 1Q 2022). Net income: ₹2.86b (up 5.5% from 1Q 2022). Profit margin: 6.9% (down from 8.4% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 2.6%, compared to a 5.9% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 1% per year.Reported Earnings • Jul 07Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: ₹10.25 (up from ₹10.04 in FY 2021). Revenue: ₹125.4b (up 7.8% from FY 2021). Net income: ₹13.6b (up 2.0% from FY 2021). Profit margin: 11% (in line with FY 2021). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 8.6%, compared to a 11% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.お知らせ • Jul 06+ 1 more updateCESC Limited to Report Q4, 2023 Results on May 30, 2023CESC Limited announced that they will report Q4, 2023 results on May 30, 2023Reported Earnings • May 14Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: ₹10.25 (up from ₹10.04 in FY 2021). Revenue: ₹128.2b (up 10% from FY 2021). Net income: ₹13.6b (up 2.1% from FY 2021). Profit margin: 11% (in line with FY 2021). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 6.1%, compared to a 10% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 6% per year.Price Target Changed • Feb 03Price target increased to ₹105Up from ₹94.54, the current price target is an average from 12 analysts. New target price is 24% above last closing price of ₹84.40. Stock is up 37% over the past year. The company is forecast to post earnings per share of ₹10.63 for next year compared to ₹10.04 last year.Upcoming Dividend • Jan 17Upcoming dividend of ₹4.50 per shareEligible shareholders must have bought the stock before 24 January 2022. Payment date: 12 February 2022. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of Indian dividend payers (1.3%). Higher than average of industry peers (3.6%).Reported Earnings • Jan 14Third quarter 2022 earnings: Revenues miss analyst expectationsThird quarter 2022 results: Revenue: ₹29.5b (up 16% from 3Q 2021). Net income: ₹3.29b (up 1.5% from 3Q 2021). Profit margin: 11% (down from 13% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.8%. Over the next year, revenue is forecast to grow 6.0%, compared to a 11% growth forecast for the industry in India.Reported Earnings • Nov 12Second quarter 2022 earnings released: EPS ₹2.53 (vs ₹2.79 in 2Q 2021)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: ₹35.3b (up 18% from 2Q 2021). Net income: ₹3.35b (down 9.5% from 2Q 2021). Profit margin: 9.5% (down from 12% in 2Q 2021). The decrease in margin was driven by higher expenses.Price Target Changed • Sep 24Price target decreased to ₹86.15Down from ₹92.70, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of ₹84.10. Stock is up 33% over the past year.Reported Earnings • Jul 25Full year 2021 earnings released: EPS ₹100 (vs ₹95.59 in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: ₹116.4b (down 4.3% from FY 2020). Net income: ₹13.3b (up 5.0% from FY 2020). Profit margin: 11% (up from 10% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Price Target Changed • Jul 01Price target increased to ₹878Up from ₹819, the current price target is an average from 12 analysts. New target price is 14% above last closing price of ₹770. Stock is up 20% over the past year.Reported Earnings • Jun 18Full year 2021 earnings released: EPS ₹100 (vs ₹98.23 in FY 2020)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: ₹118.7b (up 7.8% from FY 2020). Net income: ₹13.3b (up 2.2% from FY 2020). Profit margin: 11% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Reported Earnings • Jan 14Third quarter 2021 earnings released: EPS ₹24.43The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹25.4b (up 8.3% from 3Q 2020). Net income: ₹3.24b (up 21% from 3Q 2020). Profit margin: 13% (up from 11% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Jan 12New 90-day high: ₹662The company is up 14% from its price of ₹583 on 14 October 2020. The Indian market is up 24% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 32% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹2,097 per share.お知らせ • Jan 07CESC Limited to Report Q3, 2021 Results on Jan 13, 2021CESC Limited announced that they will report Q3, 2021 results on Jan 13, 2021Reported Earnings • Nov 09Second quarter 2021 earnings released: EPS ₹27.91The company reported a decent second quarter result with improved earnings, although revenues and profit margins were flat. Second quarter 2021 results: Revenue: ₹30.1b (flat on 2Q 2020). Net income: ₹3.70b (up 1.6% from 2Q 2020). Profit margin: 12% (in line with 2Q 2020).Analyst Estimate Surprise Post Earnings • Nov 09Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 9.7%. Earnings per share (EPS) also surpassed analyst estimates by 6.6%. Over the next year, revenue is forecast to grow 13%, compared to a 9.2% growth forecast for the Electric Utilities industry in India.お知らせ • Jul 17+ 1 more updateCESC Limited to Report Q1, 2021 Results on Aug 14, 2020CESC Limited announced that they will report Q1, 2021 results on Aug 14, 2020お知らせ • Jun 30CESC Limited to Report Q4, 2020 Results on Jun 29, 2020CESC Limited announced that they will report Q4, 2020 results on Jun 29, 2020業績と収益の成長予測BSE:500084 - アナリストの将来予測と過去の財務データ ( )INR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/2028224,53619,036-18,99345,86853/31/2027216,72917,78728,47737,65333/31/2026189,27015,4201,41040,570N/A12/31/2025183,51314,759N/AN/AN/A9/30/2025179,07314,49910,84332,505N/A6/30/2025173,40013,780N/AN/AN/A3/31/2025170,01313,6897,18325,815N/A12/31/2024165,11213,964N/AN/AN/A9/30/2024161,94214,1249,39317,104N/A6/30/2024158,46214,074N/AN/AN/A3/31/2024152,93213,76415,80323,514N/A12/31/2023150,08414,088N/AN/AN/A9/30/2023148,93414,46816,60823,564N/A6/30/2023144,54414,038N/AN/AN/A3/31/2023142,46413,42812,82819,784N/A12/31/2022141,54913,331N/AN/AN/A9/30/2022138,51913,43110,35018,131N/A6/30/2022134,29913,731N/AN/AN/A3/31/2022125,43913,58117,21024,991N/A12/31/2021124,22613,579N/AN/AN/A9/30/2021123,80613,57934,32741,155N/A6/30/2021122,40613,999N/AN/AN/A3/31/2021116,31513,30921,23128,059N/A12/31/2020103,82613,311N/AN/AN/A9/30/2020101,87612,7417,12914,593N/A6/30/2020102,07612,681N/AN/AN/A3/31/2020121,58912,67024,89234,080N/A12/31/2019108,89112,740N/AN/AN/A9/30/2019109,60112,450N/A25,059N/A6/30/2019109,06112,040N/AN/AN/A3/31/2019106,64111,840N/A22,939N/A3/31/2018102,7498,276N/A24,686N/A3/31/201783,6345,354N/A26,552N/A3/31/2016121,2425,985N/A24,804N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 500084の予測収益成長率 (年間11.9% ) は 貯蓄率 ( 6.9% ) を上回っています。収益対市場: 500084の収益 ( 11.9% ) Indian市場 ( 16.9% ) よりも低い成長が予測されています。高成長収益: 500084の収益は増加すると予測されていますが、大幅には増加しません。収益対市場: 500084の収益 ( 8.4% ) Indian市場 ( 11% ) よりも低い成長が予測されています。高い収益成長: 500084の収益 ( 8.4% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 500084の 自己資本利益率 は、3年後には低くなると予測されています ( 16.3 %)。成長企業の発掘7D1Y7D1Y7D1YUtilities 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/08 02:10終値2026/05/08 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋CESC Limited 9 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。30 アナリスト機関Rajesh Majumdar360 ONE Capital Market Private Limitednull nullAntique Stockbroking Ltd.Bharanidhar VijayakumarAvendus Spark27 その他のアナリストを表示
Price Target Changed • Aug 12Price target increased by 16% to ₹186Up from ₹160, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of ₹179. Stock is up 128% over the past year. The company is forecast to post earnings per share of ₹12.04 for next year compared to ₹10.38 last year.
Price Target Changed • Jan 23Price target increased by 12% to ₹147Up from ₹131, the current price target is an average from 10 analysts. New target price is 13% above last closing price of ₹131. Stock is up 77% over the past year. The company is forecast to post earnings per share of ₹10.87 for next year compared to ₹10.13 last year.
Price Target Changed • Dec 20Price target increased by 11% to ₹112Up from ₹101, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of ₹115. Stock is up 45% over the past year. The company is forecast to post earnings per share of ₹11.08 for next year compared to ₹10.13 last year.
Price Target Changed • Feb 03Price target increased to ₹105Up from ₹94.54, the current price target is an average from 12 analysts. New target price is 24% above last closing price of ₹84.40. Stock is up 37% over the past year. The company is forecast to post earnings per share of ₹10.63 for next year compared to ₹10.04 last year.
Price Target Changed • Sep 24Price target decreased to ₹86.15Down from ₹92.70, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of ₹84.10. Stock is up 33% over the past year.
Price Target Changed • Jul 01Price target increased to ₹878Up from ₹819, the current price target is an average from 12 analysts. New target price is 14% above last closing price of ₹770. Stock is up 20% over the past year.
Reported Earnings • May 07Full year 2026 earnings: EPS in line with expectations, revenues disappointFull year 2026 results: EPS: ₹11.63 (up from ₹10.33 in FY 2025). Revenue: ₹189.3b (up 11% from FY 2025). Net income: ₹15.4b (up 13% from FY 2025). Profit margin: 8.1% (in line with FY 2025). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 8.4% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Feb 07New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Payout ratio: 0% Dividend yield: 3.9% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risk Dividend is not well covered by earnings (0% payout ratio).
Reported Earnings • Feb 07Third quarter 2026 earnings: EPS and revenues miss analyst expectationsThird quarter 2026 results: EPS: ₹2.15 (up from ₹1.99 in 3Q 2025). Revenue: ₹41.0b (up 15% from 3Q 2025). Net income: ₹2.85b (up 7.5% from 3Q 2025). Profit margin: 7.0% (down from 7.4% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.2%. Earnings per share (EPS) also missed analyst estimates by 6.5%. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jan 05CESC Limited Announces Cessation of Kush Singh as Head of the Power Sector, Effective from January 1, 2026CESC Limited informed that Mr. Kush Singh has ceased to be the Head of the Power Sector, from January 1, 2026, due to personal reasons.
Upcoming Dividend • Oct 20Upcoming dividend of ₹6.00 per shareEligible shareholders must have bought the stock before 27 October 2025. Payment date: 16 November 2025. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 3.5%. Within top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (2.3%).
Reported Earnings • Oct 19Second quarter 2026 earnings released: EPS: ₹3.21 (vs ₹2.67 in 2Q 2025)Second quarter 2026 results: EPS: ₹3.21 (up from ₹2.67 in 2Q 2025). Revenue: ₹52.7b (up 12% from 2Q 2025). Net income: ₹4.25b (up 20% from 2Q 2025). Profit margin: 8.1% (up from 7.5% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Aug 15+ 2 more updatesCESC Limited to Report Q2, 2026 Results on Nov 14, 2025CESC Limited announced that they will report Q2, 2026 results on Nov 14, 2025
お知らせ • Aug 12CESC Limited, Annual General Meeting, Sep 11, 2025CESC Limited, Annual General Meeting, Sep 11, 2025, at 10:30 Indian Standard Time.
Reported Earnings • Jul 31First quarter 2026 earnings released: EPS: ₹2.92 (vs ₹2.85 in 1Q 2025)First quarter 2026 results: EPS: ₹2.92 (up from ₹2.85 in 1Q 2025). Revenue: ₹52.9b (up 8.7% from 1Q 2025). Net income: ₹3.87b (up 2.4% from 1Q 2025). Profit margin: 7.3% (down from 7.8% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jul 23CESC Limited to Report Q1, 2026 Results on Jul 30, 2025CESC Limited announced that they will report Q1, 2026 results on Jul 30, 2025
Reported Earnings • May 16Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: ₹10.32 (down from ₹10.38 in FY 2024). Revenue: ₹173.8b (up 14% from FY 2024). Net income: ₹13.7b (flat on FY 2024). Profit margin: 7.9% (down from 9.0% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 2.6%. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 16CESC Limited (NSEI:CESC) acquired Chandigarh Power Distribution LimitedCESC Limited (NSEI:CESC) acquired Chandigarh Power Distribution Limited on February 1, 2025. CESC Limited (NSEI:CESC) completed the acquisition of Chandigarh Power Distribution Limited on February 1, 2025.
Reported Earnings • Jan 11Third quarter 2025 earnings released: EPS: ₹1.99 (vs ₹2.12 in 3Q 2024)Third quarter 2025 results: EPS: ₹1.99 (down from ₹2.12 in 3Q 2024). Revenue: ₹35.6b (up 9.8% from 3Q 2024). Net income: ₹2.65b (down 5.7% from 3Q 2024). Profit margin: 7.4% (down from 8.7% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jan 10CESC Limited Declares Interim DividendCESC Limited announced that at the board meeting held on January 10, 2025 the board has declared an interim dividend of INR 4.50/-per equity share (i.e., 450%) on the paid-up equity share capital of the Company payable to those members whose names appear in the Register of Members of the Company, or, will appear as beneficial owners at the close of the business on January 16, 2025, being the "Record Date" to ascertain the eligibility of members to receive the said interim dividend.
お知らせ • Dec 30CESC Limited to Report Q3, 2025 Results on Jan 10, 2025CESC Limited announced that they will report Q3, 2025 results at 9:08 AM, Indian Standard Time on Jan 10, 2025
Reported Earnings • Nov 13Second quarter 2025 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2025 results: EPS: ₹2.67 (up from ₹2.62 in 2Q 2024). Revenue: ₹47.7b (up 9.6% from 2Q 2024). Net income: ₹3.53b (up 1.4% from 2Q 2024). Profit margin: 7.4% (down from 8.0% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Nov 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Non-Executive Independent Director Paras Chowdhary was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Oct 29CESC Limited to Report Q2, 2025 Results on Nov 12, 2024CESC Limited announced that they will report Q2, 2025 results on Nov 12, 2024
お知らせ • Oct 24CESC Limited Approves Appointment of Paras K Chowdhary as A Non-Executive Independent DirectorCESC Limited by Postal Ballot approved appointment of Mr. Paras K Chowdhary as a Non-Executive Independent Director.
お知らせ • Aug 22CESC Limited Appoints Brajesh Singh and Vineet Sikka as DirectorsCESC Limited at its AGM held on August 21, 2024 appointed Brajesh Singh and Vineet Sikka as directors.
Price Target Changed • Aug 12Price target increased by 16% to ₹186Up from ₹160, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of ₹179. Stock is up 128% over the past year. The company is forecast to post earnings per share of ₹12.04 for next year compared to ₹10.38 last year.
お知らせ • Aug 02CESC Limited to Report Q1, 2025 Results on Aug 09, 2024CESC Limited announced that they will report Q1, 2025 results on Aug 09, 2024
Reported Earnings • Jul 30Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: ₹10.38 (up from ₹10.13 in FY 2023). Revenue: ₹152.9b (up 7.3% from FY 2023). Net income: ₹13.8b (up 2.5% from FY 2023). Profit margin: 9.0% (down from 9.4% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.1%. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jul 26CESC Limited, Annual General Meeting, Aug 21, 2024CESC Limited, Annual General Meeting, Aug 21, 2024, at 10:30 Indian Standard Time.
Buy Or Sell Opportunity • Jul 12Now 20% undervaluedOver the last 90 days, the stock has risen 32% to ₹187. The fair value is estimated to be ₹235, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 7.2% per annum. Earnings are also forecast to grow by 17% per annum over the same time period.
Valuation Update With 7 Day Price Move • Jul 10Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₹186, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 26x in the Electric Utilities industry in India. Total returns to shareholders of 152% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹235 per share.
お知らせ • May 30CESC Limited Cessation of Rekha Sethi as Independent DirectorCESC Limited announced that Ms. Rekha Sethi (DIN: 06809515), has completed her second and final term as an Independent Director and consequently ceased to be an Independent Director of the Company w.e.f. the close of business hours on May 29, 2024. List of the Company's Directors & Key Managerial Personnel with effect from May 30, 2024: 1. Dr. Sanjiv Goenka, Chairman, 2. Mr. Shashwat Goenka, 3. Mr. Pradip Kumar Khaitan, 4. Mr. Arjun Kumar, Independent Director, 5. Mr. Pratip Chaudhuri, Independent Director, 6. Mr. Debanjan Mandal, Independent Director, 7. Ms. Kusum Dadoo, Independent Director, 8. Mr. Sunil Mitra, Independent Director, 9. Mr. Vineet Sikka, Managing Director (Distribution), 10. Mr. Brajesh Singh, Managing Director (Generation), 11. Mr. Rajarshi Banerjee, Chief Financial Officer and 12. Mr. Jagdish Patra, Company Secretary.
お知らせ • May 24CESC Limited Announces Board Resignations, Effective May 27, 2024CESC Limited at its AGM held on May 23, 2024, announced, that the office of Mr. Rabi Chowdhury and Mr. Debasish Banerjee, shall cease upon completion of their term as Managing Director (Generation) and Managing Director (Distribution) respectively with effect from May 27, 2024. Both Mr. Chowdhury and Mr. Banerjee shall also cease to be the Directors of the company from the said date. The Company places on record its appreciation for the contribution made by them during their tenure with the Company.
お知らせ • May 17CESC Limited to Report Q4, 2024 Results on May 23, 2024CESC Limited announced that they will report Q4, 2024 results on May 23, 2024
お知らせ • Mar 13CESC Limited Appoints Mr. Arjun Kumar as Non-Executive Independent DirectorCESC Limited approved appointment of Mr. Arjun Kumar as Non-Executive Independent Director.
Upcoming Dividend • Jan 25Upcoming dividend of ₹4.50 per share at 3.4% yieldEligible shareholders must have bought the stock before 01 February 2024. Payment date: 18 February 2024. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 3.4%. Within top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (3.0%).
Price Target Changed • Jan 23Price target increased by 12% to ₹147Up from ₹131, the current price target is an average from 10 analysts. New target price is 13% above last closing price of ₹131. Stock is up 77% over the past year. The company is forecast to post earnings per share of ₹10.87 for next year compared to ₹10.13 last year.
Reported Earnings • Jan 20Third quarter 2024 earnings released: EPS: ₹2.12 (vs ₹2.40 in 3Q 2023)Third quarter 2024 results: EPS: ₹2.12 (down from ₹2.40 in 3Q 2023). Revenue: ₹33.0b (up 5.5% from 3Q 2023). Net income: ₹2.81b (down 12% from 3Q 2023). Profit margin: 8.5% (down from 10% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jan 19CESC Limited Declares Interim DividendThe board of directors of CESC Limited at its meeting held on January 19, 2024, has declared an interim dividend @ INR 4.50/- per equity share (i.e., 450%) on the paid-up equity share capital of the Company payable to those members whose names appear in the Register of Members of the Company, or, will appear as beneficial owners (as per particulars furnished by the Depositories viz., National Securities Depository Limited and Central Depository Services (India) Limited) at the close of the business on February 1, 2024, being the "Record Date" to ascertain the eligibility of members to receive the said interim dividend.
お知らせ • Jan 11CESC Limited to Report Q3, 2024 Results on Jan 19, 2024CESC Limited announced that they will report Q3, 2024 results at 12:08 PM, Indian Standard Time on Jan 19, 2024
Price Target Changed • Dec 20Price target increased by 11% to ₹112Up from ₹101, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of ₹115. Stock is up 45% over the past year. The company is forecast to post earnings per share of ₹11.08 for next year compared to ₹10.13 last year.
Valuation Update With 7 Day Price Move • Dec 05Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₹117, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 20x in the Electric Utilities industry in India. Total returns to shareholders of 125% over the past three years.
Reported Earnings • Nov 09Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2024 results: EPS: ₹2.62 (up from ₹2.30 in 2Q 2023). Revenue: ₹44.1b (up 13% from 2Q 2023). Net income: ₹3.48b (up 14% from 2Q 2023). Profit margin: 7.9% (up from 7.8% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 4.8%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Oct 31CESC Limited to Report Q2, 2024 Results on Nov 08, 2023CESC Limited announced that they will report Q2, 2024 results on Nov 08, 2023
お知らせ • Jul 29CESC Limited to Report Q1, 2024 Results on Aug 04, 2023CESC Limited announced that they will report Q1, 2024 results on Aug 04, 2023
Reported Earnings • Jul 13Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: ₹10.13 (down from ₹10.25 in FY 2022). Revenue: ₹142.5b (up 14% from FY 2022). Net income: ₹13.4b (down 1.1% from FY 2022). Profit margin: 9.4% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.3%. Earnings per share (EPS) also missed analyst estimates by 4.0%. Revenue is forecast to grow 7.2% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 7% per year.
お知らせ • Jul 06CESC Limited, Annual General Meeting, Aug 04, 2023CESC Limited, Annual General Meeting, Aug 04, 2023, at 10:30 Indian Standard Time.
Reported Earnings • May 23Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: ₹10.13 (down from ₹10.25 in FY 2022). Revenue: ₹145.6b (up 16% from FY 2022). Net income: ₹13.4b (down 1.1% from FY 2022). Profit margin: 9.2% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.3%. Earnings per share (EPS) also missed analyst estimates by 4.0%. Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Feb 17Upcoming dividend of ₹4.50 per share at 5.8% yieldEligible shareholders must have bought the stock before 24 February 2023. Payment date: 16 March 2023. Trailing yield: 5.8%. Within top quartile of Indian dividend payers (1.6%). Higher than average of industry peers (4.3%).
Reported Earnings • Feb 15Third quarter 2023 earnings released: EPS: ₹2.40 (vs ₹2.48 in 3Q 2022)Third quarter 2023 results: EPS: ₹2.40 (down from ₹2.48 in 3Q 2022). Revenue: ₹32.2b (up 14% from 3Q 2022). Net income: ₹3.19b (down 3.0% from 3Q 2022). Profit margin: 9.9% (down from 12% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 4% per year.
Board Change • Dec 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. Additional Non-Executive Independent Director Debanjan Mandal was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 16Second quarter 2023 earnings released: EPS: ₹2.30 (vs ₹2.53 in 2Q 2022)Second quarter 2023 results: EPS: ₹2.30 (down from ₹2.53 in 2Q 2022). Revenue: ₹39.8b (up 14% from 2Q 2022). Net income: ₹3.05b (down 9.0% from 2Q 2022). Profit margin: 7.7% (down from 9.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat.
Reported Earnings • Aug 11First quarter 2023 earnings released: EPS: ₹2.16 (vs ₹2.04 in 1Q 2022)First quarter 2023 results: EPS: ₹2.16 (up from ₹2.04 in 1Q 2022). Revenue: ₹41.5b (up 29% from 1Q 2022). Net income: ₹2.86b (up 5.5% from 1Q 2022). Profit margin: 6.9% (down from 8.4% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 2.6%, compared to a 5.9% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 1% per year.
Reported Earnings • Jul 07Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: ₹10.25 (up from ₹10.04 in FY 2021). Revenue: ₹125.4b (up 7.8% from FY 2021). Net income: ₹13.6b (up 2.0% from FY 2021). Profit margin: 11% (in line with FY 2021). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 8.6%, compared to a 11% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
お知らせ • Jul 06+ 1 more updateCESC Limited to Report Q4, 2023 Results on May 30, 2023CESC Limited announced that they will report Q4, 2023 results on May 30, 2023
Reported Earnings • May 14Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: ₹10.25 (up from ₹10.04 in FY 2021). Revenue: ₹128.2b (up 10% from FY 2021). Net income: ₹13.6b (up 2.1% from FY 2021). Profit margin: 11% (in line with FY 2021). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 6.1%, compared to a 10% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 6% per year.
Price Target Changed • Feb 03Price target increased to ₹105Up from ₹94.54, the current price target is an average from 12 analysts. New target price is 24% above last closing price of ₹84.40. Stock is up 37% over the past year. The company is forecast to post earnings per share of ₹10.63 for next year compared to ₹10.04 last year.
Upcoming Dividend • Jan 17Upcoming dividend of ₹4.50 per shareEligible shareholders must have bought the stock before 24 January 2022. Payment date: 12 February 2022. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of Indian dividend payers (1.3%). Higher than average of industry peers (3.6%).
Reported Earnings • Jan 14Third quarter 2022 earnings: Revenues miss analyst expectationsThird quarter 2022 results: Revenue: ₹29.5b (up 16% from 3Q 2021). Net income: ₹3.29b (up 1.5% from 3Q 2021). Profit margin: 11% (down from 13% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.8%. Over the next year, revenue is forecast to grow 6.0%, compared to a 11% growth forecast for the industry in India.
Reported Earnings • Nov 12Second quarter 2022 earnings released: EPS ₹2.53 (vs ₹2.79 in 2Q 2021)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: ₹35.3b (up 18% from 2Q 2021). Net income: ₹3.35b (down 9.5% from 2Q 2021). Profit margin: 9.5% (down from 12% in 2Q 2021). The decrease in margin was driven by higher expenses.
Price Target Changed • Sep 24Price target decreased to ₹86.15Down from ₹92.70, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of ₹84.10. Stock is up 33% over the past year.
Reported Earnings • Jul 25Full year 2021 earnings released: EPS ₹100 (vs ₹95.59 in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: ₹116.4b (down 4.3% from FY 2020). Net income: ₹13.3b (up 5.0% from FY 2020). Profit margin: 11% (up from 10% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Price Target Changed • Jul 01Price target increased to ₹878Up from ₹819, the current price target is an average from 12 analysts. New target price is 14% above last closing price of ₹770. Stock is up 20% over the past year.
Reported Earnings • Jun 18Full year 2021 earnings released: EPS ₹100 (vs ₹98.23 in FY 2020)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: ₹118.7b (up 7.8% from FY 2020). Net income: ₹13.3b (up 2.2% from FY 2020). Profit margin: 11% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Reported Earnings • Jan 14Third quarter 2021 earnings released: EPS ₹24.43The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹25.4b (up 8.3% from 3Q 2020). Net income: ₹3.24b (up 21% from 3Q 2020). Profit margin: 13% (up from 11% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Jan 12New 90-day high: ₹662The company is up 14% from its price of ₹583 on 14 October 2020. The Indian market is up 24% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 32% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹2,097 per share.
お知らせ • Jan 07CESC Limited to Report Q3, 2021 Results on Jan 13, 2021CESC Limited announced that they will report Q3, 2021 results on Jan 13, 2021
Reported Earnings • Nov 09Second quarter 2021 earnings released: EPS ₹27.91The company reported a decent second quarter result with improved earnings, although revenues and profit margins were flat. Second quarter 2021 results: Revenue: ₹30.1b (flat on 2Q 2020). Net income: ₹3.70b (up 1.6% from 2Q 2020). Profit margin: 12% (in line with 2Q 2020).
Analyst Estimate Surprise Post Earnings • Nov 09Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 9.7%. Earnings per share (EPS) also surpassed analyst estimates by 6.6%. Over the next year, revenue is forecast to grow 13%, compared to a 9.2% growth forecast for the Electric Utilities industry in India.
お知らせ • Jul 17+ 1 more updateCESC Limited to Report Q1, 2021 Results on Aug 14, 2020CESC Limited announced that they will report Q1, 2021 results on Aug 14, 2020
お知らせ • Jun 30CESC Limited to Report Q4, 2020 Results on Jun 29, 2020CESC Limited announced that they will report Q4, 2020 results on Jun 29, 2020