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5000

CESC BSE:500084 Stock Report

Last Price

₹79.45

Market Cap

₹105.3b

7D

-0.1%

1Y

1.7%

Updated

13 Aug, 2022

Data

Company Financials +
500084 fundamental analysis
Snowflake Score
Valuation6/6
Future Growth1/6
Past Performance2/6
Financial Health1/6
Dividends6/6

500084 Stock Overview

CESC Limited, an integrated electrical utility company, engages in the generation and distribution of electricity in India.

CESC Competitors

Price History & Performance

Summary of all time highs, changes and price drops for CESC
Historical stock prices
Current Share Price₹79.45
52 Week High₹102.45
52 Week Low₹68.00
Beta1.03
1 Month Change6.93%
3 Month Change1.47%
1 Year Change1.69%
3 Year Change0.66%
5 Year Change-15.62%
Change since IPO133.68%

Recent News & Updates

Shareholder Returns

500084IN Electric UtilitiesIN Market
7D-0.1%4.7%1.3%
1Y1.7%106.3%8.1%

Return vs Industry: 500084 underperformed the Indian Electric Utilities industry which returned 106.3% over the past year.

Return vs Market: 500084 underperformed the Indian Market which returned 8.2% over the past year.

Price Volatility

Is 500084's price volatile compared to industry and market?
500084 volatility
500084 Average Weekly Movement3.5%
Electric Utilities Industry Average Movement4.3%
Market Average Movement6.4%
10% most volatile stocks in IN Market9.0%
10% least volatile stocks in IN Market4.1%

Stable Share Price: 500084 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 500084's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18996,920n/ahttps://www.cesc.co.in

CESC Limited, an integrated electrical utility company, engages in the generation and distribution of electricity in India. It owns and operates three thermal power plants, including Budge Budge, Southern, and Titagarh generating stations generating 1125 megawatts (MW) of power; a thermal power project with a capacity of 600 MW in Haldia, West Bengal; two thermal power projects with a capacity of 600 MW in Chandrapur, Maharashtra and 40 MW atmospheric fluidized bed combustion power plant in Asansol, West Bengal; and transmission and distribution network of 23468 circuit kms, and distributes power in Uttar Pradesh with license area of 335 square kilometers. The company also owns and operates solar power project with a capacity of 18 MW data center in Ramanathapuram, Tamil Nadu.

CESC Fundamentals Summary

How do CESC's earnings and revenue compare to its market cap?
500084 fundamental statistics
Market Cap₹105.32b
Earnings (TTM)₹13.73b
Revenue (TTM)₹134.30b

7.7x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
500084 income statement (TTM)
Revenue₹134.30b
Cost of Revenue₹81.35b
Gross Profit₹52.95b
Other Expenses₹39.22b
Earnings₹13.73b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 14, 2022

Earnings per share (EPS)10.36
Gross Margin39.42%
Net Profit Margin10.22%
Debt/Equity Ratio138.1%

How did 500084 perform over the long term?

See historical performance and comparison

Dividends

5.7%

Current Dividend Yield

43%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 500084 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 500084?

Other financial metrics that can be useful for relative valuation.

500084 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.7x
Enterprise Value/EBITDA7.9x
PEG Ratio0.9x

Price to Earnings Ratio vs Peers

How does 500084's PE Ratio compare to its peers?

500084 PE Ratio vs Peers
The above table shows the PE ratio for 500084 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average39.5x
SJVN SJVN
11.2xn/a₹111.0b
540565 India Grid Trust
29.4x16.2%₹101.2b
TORNTPOWER Torrent Power
37.1x26.2%₹278.4b
500400 Tata Power
28.7x8.6%₹742.6b
500084 CESC
7.7x8.8%₹105.3b

Price-To-Earnings vs Peers: 500084 is good value based on its Price-To-Earnings Ratio (7.7x) compared to the peer average (39.5x).


Price to Earnings Ratio vs Industry

How does 500084's PE Ratio compare vs other companies in the Asian Electric Utilities Industry?

Price-To-Earnings vs Industry: 500084 is good value based on its Price-To-Earnings Ratio (7.7x) compared to the Indian Electric Utilities industry average (28.7x)


Price to Earnings Ratio vs Fair Ratio

What is 500084's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

500084 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.7x
Fair PE Ratio14.4x

Price-To-Earnings vs Fair Ratio: 500084 is good value based on its Price-To-Earnings Ratio (7.7x) compared to the estimated Fair Price-To-Earnings Ratio (14.4x).


Share Price vs Fair Value

What is the Fair Price of 500084 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 500084 (₹79.45) is trading below our estimate of fair value (₹257.59)

Significantly Below Fair Value: 500084 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is CESC forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


8.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 500084's forecast earnings growth (8.8% per year) is above the savings rate (6.8%).

Earnings vs Market: 500084's earnings (8.8% per year) are forecast to grow slower than the Indian market (18.5% per year).

High Growth Earnings: 500084's earnings are forecast to grow, but not significantly.

Revenue vs Market: 500084's revenue (2.5% per year) is forecast to grow slower than the Indian market (10.5% per year).

High Growth Revenue: 500084's revenue (2.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 500084's Return on Equity is forecast to be low in 3 years time (13.4%).


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Past Performance

How has CESC performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


7.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 500084 has high quality earnings.

Growing Profit Margin: 500084's current net profit margins (10.2%) are lower than last year (11.4%).


Past Earnings Growth Analysis

Earnings Trend: 500084's earnings have grown by 7.6% per year over the past 5 years.

Accelerating Growth: 500084's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 500084 had negative earnings growth (-1.9%) over the past year, making it difficult to compare to the Electric Utilities industry average (-19.4%).


Return on Equity

High ROE: 500084's Return on Equity (13.1%) is considered low.


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Financial Health

How is CESC's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 500084's short term assets (₹71.5B) do not cover its short term liabilities (₹88.3B).

Long Term Liabilities: 500084's short term assets (₹71.5B) do not cover its long term liabilities (₹178.3B).


Debt to Equity History and Analysis

Debt Level: 500084's net debt to equity ratio (106.1%) is considered high.

Reducing Debt: 500084's debt to equity ratio has reduced from 139.8% to 138.1% over the past 5 years.

Debt Coverage: 500084's debt is not well covered by operating cash flow (16.7%).

Interest Coverage: 500084's interest payments on its debt are not well covered by EBIT (1.9x coverage).


Balance Sheet


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Dividend

What is CESC current dividend yield, its reliability and sustainability?

Dividend Score

6/6

Dividend Score 6/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


5.66%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 500084's dividend (5.66%) is higher than the bottom 25% of dividend payers in the Indian market (0.39%).

High Dividend: 500084's dividend (5.66%) is in the top 25% of dividend payers in the Indian market (1.7%)


Stability and Growth of Payments

Stable Dividend: 500084's dividends per share have been stable in the past 10 years.

Growing Dividend: 500084's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (43.4%), 500084's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (34.7%), 500084's dividend payments are well covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average management tenure


CEO

CESC has no CEO, or we have no data on them.


Leadership Team

Experienced Management: 500084's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: 500084's board of directors are considered experienced (6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

CESC Limited's employee growth, exchange listings and data sources


Key Information

  • Name: CESC Limited
  • Ticker: 500084
  • Exchange: BSE
  • Founded: 1899
  • Industry: Electric Utilities
  • Sector: Utilities
  • Implied Market Cap: ₹105.317b
  • Shares outstanding: 1.33b
  • Website: https://www.cesc.co.in

Number of Employees


Location

  • CESC Limited
  • CESC House
  • Chowringhee Square
  • Kolkata
  • West Bengal
  • 700001
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/13 00:00
End of Day Share Price2022/08/12 00:00
Earnings2022/06/30
Annual Earnings2022/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.