CESC Limited

BSE:500084 Stock Report

Market Cap: ₹229.3b

CESC Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

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 (₹173.05) is trading below our estimate of fair value (₹460.18)

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

Key Valuation Metric

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

Key metric: As 500084 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 500084. This is calculated by dividing 500084's market cap by their current earnings.
What is 500084's PE Ratio?
PE Ratio16.2x
Earnings₹14.12b
Market Cap₹229.30b

Price to Earnings Ratio vs Peers

How does 500084's PE Ratio compare to its 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.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average55.6x
SJVN SJVN
42.3x20.4%₹422.7b
540565 India Grid Trust
31.9xn/a₹119.7b
500390 Reliance Infrastructure
3.2xn/a₹101.8b
ADANIENSOL Adani Energy Solutions
145.1x51.3%₹779.6b
500084 CESC
16.2x13.4%₹229.3b

Price-To-Earnings vs Peers: 500084 is good value based on its Price-To-Earnings Ratio (16.2x) compared to the peer average (55.6x).

Price to Earnings Ratio vs Industry

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

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
500084 16.2xIndustry Avg. 16.6xNo. of Companies15PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 500084 is good value based on its Price-To-Earnings Ratio (16.2x) compared to the Asian Electric Utilities industry average (16.6x).

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 Ratio16.2x
Fair PE Ratio23.9x

Price-To-Earnings vs Fair Ratio: 500084 is good value based on its Price-To-Earnings Ratio (16.2x) compared to the estimated Fair Price-To-Earnings Ratio (23.9x).

Analyst Price Targets

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

The above table shows the analyst 500084 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹173.05
₹205.90
+19.0%
13.4%₹249.00₹145.00n/a10
Nov ’25₹190.60
₹205.20
+7.7%
14.2%₹244.00₹140.00n/a10
Oct ’25₹200.90
₹202.00
+0.5%
14.6%₹244.00₹140.00n/a11
Sep ’25₹194.30
₹202.00
+4.0%
14.6%₹244.00₹140.00n/a11
Aug ’25₹181.80
₹160.36
-11.8%
12.3%₹181.00₹121.00n/a11
Jul ’25₹161.35
₹160.36
-0.6%
12.3%₹181.00₹121.00n/a11
Jun ’25₹147.25
₹159.36
+8.2%
12.3%₹181.00₹121.00n/a11
May ’25₹147.30
₹148.00
+0.5%
11.9%₹171.00₹115.00n/a10
Apr ’25₹125.50
₹145.00
+15.5%
15.4%₹171.00₹100.00n/a10
Mar ’25₹126.70
₹145.00
+14.4%
15.4%₹171.00₹100.00n/a10
Feb ’25₹140.10
₹145.00
+3.5%
15.4%₹171.00₹100.00n/a10
Jan ’25₹136.85
₹116.90
-14.6%
23.7%₹171.00₹85.00n/a10
Dec ’24₹100.50
₹99.45
-1.0%
7.4%₹110.00₹85.00n/a11
Nov ’24₹84.04
₹94.36
+12.3%
7.3%₹103.00₹80.00₹190.6011
Oct ’24₹89.95
₹94.08
+4.6%
8.3%₹105.00₹80.00₹200.9012
Sep ’24₹86.45
₹96.57
+11.7%
10.5%₹120.00₹80.00₹194.3014
Aug ’24₹77.31
₹96.57
+24.9%
10.1%₹120.00₹80.00₹181.8014
Jul ’24₹72.00
₹98.00
+36.1%
9.5%₹120.00₹80.00₹161.3513
Jun ’24₹69.14
₹96.64
+39.8%
10.4%₹120.00₹80.00₹147.2514
May ’24₹68.51
₹101.43
+48.0%
8.6%₹120.00₹88.00₹147.3014
Apr ’24₹66.53
₹100.38
+50.9%
8.2%₹120.00₹88.00₹125.5013
Mar ’24₹69.60
₹101.00
+45.1%
8.5%₹120.00₹88.00₹126.7015
Feb ’24₹72.05
₹101.43
+40.8%
8.6%₹120.00₹88.00₹140.1014
Jan ’24₹76.45
₹101.54
+32.8%
9.0%₹120.00₹88.00₹136.8513
Dec ’23₹74.90
₹102.92
+37.4%
9.3%₹120.00₹88.00₹100.5012
Nov ’23₹76.20
₹104.75
+37.5%
8.1%₹120.00₹90.00₹84.0412

Analyst Forecast: Target price is less than 20% higher than the current share price.

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