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CESC

NSEI:CESC
Snowflake Description

6 star dividend payer and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CESC
NSEI
₹96B
Market Cap
  1. Home
  2. IN
  3. Utilities
Company description

CESC Limited, an integrated electrical utility company, engages in the generation, transmission, and distribution of electricity to approximately 2.9 million domestic, industrial, and commercial users in the area of 567 square kilometers (km) of Kolkata and Howrah, West Bengal in India. The last earnings update was 112 days ago. More info.


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CESC Share Price and Events
7 Day Returns
-0.6%
NSEI:CESC
1.4%
IN Electric Utilities
0.4%
IN Market
1 Year Returns
-18.2%
NSEI:CESC
-6.2%
IN Electric Utilities
2%
IN Market
CESC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CESC (CESC) -0.6% 9.8% 4.8% -18.2% 52.9% 50.4%
IN Electric Utilities 1.4% 7.9% -3.4% -6.2% 33.4% 48%
IN Market 0.4% 9.1% 1.8% 2% 43.6% 80.4%
1 Year Return vs Industry and Market
  • CESC underperformed the Electric Utilities industry which returned -6.2% over the past year.
  • CESC underperformed the Market in India which returned 2% over the past year.
Price Volatility
CESC
Industry
5yr Volatility vs Market

CESC Value

 Is CESC undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of CESC to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for CESC.

NSEI:CESC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.4%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:CESC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Electric Utilities Unlevered Beta Simply Wall St/ S&P Global 0.24
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.241 (1 + (1- 35%) (152.27%))
0.651
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.8 * 8.6%)
14.43%

Discounted Cash Flow Calculation for NSEI:CESC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for CESC is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:CESC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 14.43%)
2019 18,275.00 Analyst x3 15,970.46
2020 17,077.50 Analyst x4 13,042.01
2021 19,425.33 Analyst x3 12,964.29
2022 21,531.25 Est @ 10.84% 12,557.68
2023 23,652.88 Est @ 9.85% 12,055.48
2024 25,820.10 Est @ 9.16% 11,500.55
2025 28,060.99 Est @ 8.68% 10,922.54
2026 30,401.33 Est @ 8.34% 10,341.26
2027 32,864.78 Est @ 8.1% 9,769.49
2028 35,473.32 Est @ 7.94% 9,215.16
Present value of next 10 years cash flows ₹118,338.92
NSEI:CESC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹35,473.32 × (1 + 7.55%) ÷ (14.43% – 7.55%)
₹554,528.50
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹554,528.50 ÷ (1 + 14.43%)10
₹144,053.86
NSEI:CESC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹118,338.92 + ₹144,053.86
₹262,392.78
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹262,392.78 / 132.56
₹1979.47
NSEI:CESC Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹1,979.47
Current discount Discount to share price of ₹722.55
= -1 x (₹722.55 - ₹1,979.47) / ₹1,979.47
63.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price CESC is available for.
Intrinsic value
>50%
Share price is ₹722.55 vs Future cash flow value of ₹1979.47
Current Discount Checks
For CESC to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • CESC's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • CESC's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for CESC's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CESC's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:CESC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹62.43
NSEI:CESC Share Price ** NSEI (2019-03-20) in INR ₹722.55
India Electric Utilities Industry PE Ratio Median Figure of 7 Publicly-Listed Electric Utilities Companies 11.57x
India Market PE Ratio Median Figure of 2,730 Publicly-Listed Companies 16.4x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of CESC.

NSEI:CESC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:CESC Share Price ÷ EPS (both in INR)

= 722.55 ÷ 62.43

11.57x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CESC is good value based on earnings compared to the IN Electric Utilities industry average.
  • CESC is good value based on earnings compared to the India market.
Price based on expected Growth
Does CESC's expected growth come at a high price?
Raw Data
NSEI:CESC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
14.2%per year
India Electric Utilities Industry PEG Ratio Median Figure of 6 Publicly-Listed Electric Utilities Companies 0.88x
India Market PEG Ratio Median Figure of 596 Publicly-Listed Companies 1.27x

*Line of best fit is calculated by linear regression .

NSEI:CESC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.57x ÷ 14.2%

0.82x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CESC is good value based on expected growth next year.
Price based on value of assets
What value do investors place on CESC's assets?
Raw Data
NSEI:CESC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹635.21
NSEI:CESC Share Price * NSEI (2019-03-20) in INR ₹722.55
India Electric Utilities Industry PB Ratio Median Figure of 10 Publicly-Listed Electric Utilities Companies 1.01x
India Market PB Ratio Median Figure of 3,617 Publicly-Listed Companies 1.12x
NSEI:CESC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:CESC Share Price ÷ Book Value per Share (both in INR)

= 722.55 ÷ 635.21

1.14x

* Primary Listing of CESC.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CESC is overvalued based on assets compared to the IN Electric Utilities industry average.
X
Value checks
We assess CESC's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electric Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electric Utilities industry average (and greater than 0)? (1 check)
  5. CESC has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CESC Future Performance

 How is CESC expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CESC expected to grow at an attractive rate?
  • CESC's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • CESC's earnings growth is positive but not above the India market average.
  • CESC's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:CESC Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:CESC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 14.2%
NSEI:CESC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 5.3%
India Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 16.2%
India Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 12.9%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:CESC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (11 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:CESC Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 120,921 30,722 12,954 4
2020-03-31 112,602 25,907 11,279 4
2019-03-31 105,670 29,263 10,274 2
NSEI:CESC Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 102,749 24,321 8,276
2017-03-31 83,634 26,552 5,354
2016-03-31 121,242 24,804 5,985

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CESC's earnings are expected to grow by 14.2% yearly, however this is not considered high growth (20% yearly).
  • CESC's revenue is expected to grow by 5.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:CESC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (11 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from CESC Company Filings, last reported 11 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:CESC Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 99.58 109.00 91.50 4.00
2020-03-31 88.76 97.00 82.70 5.00
2019-03-31 75.16 83.70 62.60 5.00
NSEI:CESC Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 62.43
2017-03-31 40.39
2016-03-31 45.15

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • CESC is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess CESC's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
CESC has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CESC Past Performance

  How has CESC performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare CESC's growth in the last year to its industry (Electric Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • CESC's year on year earnings growth rate has been positive over the past 5 years.
  • CESC's 1-year earnings growth exceeds its 5-year average (54.6% vs 13.1%)
  • CESC's earnings growth has exceeded the IN Electric Utilities industry average in the past year (54.6% vs 10%).
Earnings and Revenue History
CESC's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from CESC Company Filings, last reported 11 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:CESC Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 102,748.60 8,275.70 9,702.30
2017-03-31 83,633.60 5,353.80 8,727.70
2016-03-31 121,241.90 5,984.80 32,853.70
2015-03-31 110,666.30 1,985.10 30,831.40
2014-03-31 101,108.50 4,916.40 35,154.70
2013-03-31 75,566.50 4,593.80 16,088.30
2012-03-31 58,917.20 2,458.80 7,578.90

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • CESC has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • CESC used its assets less efficiently than the IN Electric Utilities industry average last year based on Return on Assets.
  • CESC has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess CESC's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electric Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
CESC has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CESC Health

 How is CESC's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up CESC's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CESC's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • CESC's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of CESC's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from CESC Company Filings, last reported 11 months ago.

NSEI:CESC Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 84,895.60 145,841.60 17,020.10
2017-03-31 118,327.40 156,549.10 23,016.80
2016-03-31 116,957.10 149,291.00 17,910.20
2015-03-31 70,294.40 142,567.50 16,453.00
2014-03-31 65,429.40 119,437.80 12,422.10
2013-03-31 58,860.70 96,853.60 14,313.50
2012-03-31 48,449.90 58,131.60 14,282.50
  • CESC's level of debt (171.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (164.6% vs 171.8% today).
  • Debt is not well covered by operating cash flow (16.7%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.7x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess CESC's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. CESC has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CESC Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.42%
Current annual income from CESC dividends. Estimated to be 2.32% next year.
If you bought ₹2,000 of CESC shares you are expected to receive ₹48 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • CESC's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.5%).
  • CESC's dividend is above the markets top 25% of dividend payers in India (1.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:CESC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
India Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 3%
India Market Average Dividend Yield Market Cap Weighted Average of 1399 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:CESC Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 17.30 4.00
2020-03-31 15.88 4.00
2019-03-31 17.50 2.00
NSEI:CESC Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-02-05 17.500 2.517
2018-02-28 12.000 1.399
2017-02-15 10.000 1.049
2016-03-11 10.000 1.679
2015-05-21 9.000 1.726
2014-10-31 8.000 1.265
2014-10-28 8.000 1.203
2014-07-02 8.000 1.136
2014-05-30 8.000 1.281
2013-06-04 7.000 1.789
2013-05-28 7.000 2.101
2012-07-03 5.000 1.649
2012-06-18 5.000 1.753
2011-06-24 4.000 1.488
2010-06-21 4.000 1.170
2009-03-31 4.000 1.152
2009-03-23 4.000 1.933

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of CESC's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (5.7x coverage).
X
Income/ dividend checks
We assess CESC's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can CESC afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CESC has a total score of 6/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CESC Management

 What is the CEO of CESC's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • CESC has no CEO, or we have no data on them.
Management Team Tenure

Average tenure and age of the CESC management team in years:

0.8
Average Tenure
69
Average Age
  • The average tenure for the CESC management team is less than 2 years, this suggests a new team.
Management Team

Rajarshi Banerjee

TITLE
CFO & Executive Director
COMPENSATION
₹20M

Subhasis Mitra

TITLE
Compliance Officer
COMPENSATION
₹21M

S. Chatterjee

TITLE
Executive Director of Corporate Development
COMPENSATION
₹3M
AGE
74

Debasish Banerjee

TITLE
MD of Distribution & Additional Director
AGE
56
TENURE
0.8 yrs

Rabi Chowdhury

TITLE
MD of Generation & Additional Director
AGE
57
TENURE
0.8 yrs

D. Guha

TITLE
Executive Director of Program Implementation
COMPENSATION
₹3M
AGE
73

Sumantra Banerjee

TITLE
Advisor to the Chairman
COMPENSATION
₹4M
AGE
69
TENURE
5.7 yrs
Board of Directors Tenure

Average tenure and age of the CESC board of directors in years:

4.7
Average Tenure
60.5
Average Age
  • The tenure for the CESC board of directors is about average.
Board of Directors

Sanjiv Goenka

TITLE
Chairman
COMPENSATION
₹323M
AGE
57
TENURE
5.8 yrs

Debasish Banerjee

TITLE
MD of Distribution & Additional Director
AGE
56
TENURE
0.8 yrs

Rabi Chowdhury

TITLE
MD of Generation & Additional Director
AGE
57
TENURE
0.8 yrs

Pinto Khaitan

TITLE
Non-Executive Non Independent Director
COMPENSATION
₹2M
AGE
77
TENURE
26.4 yrs

Chandra Dhanuka

TITLE
Independent Director
COMPENSATION
₹2M
AGE
64
TENURE
6.8 yrs

Rekha Sethi

TITLE
Independent Director
COMPENSATION
₹2M
AGE
55
TENURE
4.8 yrs

Kalaikuruchi Jairaj

TITLE
Independent Director
COMPENSATION
₹2M
AGE
66
TENURE
4.6 yrs

Pratip Chaudhuri

TITLE
Independent Director
COMPENSATION
₹2M
AGE
65
TENURE
4.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess CESC's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. CESC has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CESC News

Simply Wall St News

When Should You Buy CESC Limited (NSE:CESC)?

saw a double-digit share price rise of over 10% in the past couple of months on the NSEI. … With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … Today I will analyse the most recent data on CESC’s outlook and valuation to see if the opportunity still exists

Simply Wall St -

Does The CESC Limited (NSE:CESC) Share Price Fall With The Market?

If you're interested in CESC Limited (NSE:CESC), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

How Do Analysts See CESC Limited (NSE:CESC) Performing In The Year Ahead?

Looking at CESC Limited's (NSE:CESC) earnings update in March 2018,. … it seems that analyst forecasts are fairly optimistic, … the past 5-year average growth rate of 13%

Simply Wall St -

What Makes CESC Limited (NSE:CESC) A Great Dividend Stock?

Over the past 10 years CESC Limited (NSE:CESC) has been paying dividends to shareholders. … The stock currently pays out a dividend yield of 2.7%, and has a market cap of ₹88b. … Let's take a look at CESC in more detail.

Simply Wall St -

4 Days Left Until CESC Limited (NSE:CESC) Trades Ex-Dividend

Investors who want to cash in on CESC Limited's (NSE:CESC) upcoming dividend of ₹17.50 per share have only 4 days left to buy the shares before its ex-dividend date, 14 February 2019, in time for dividends payable on the 07 March 2019. … Below, I'm going to look at the latest data and analyze the stock and its dividend property in further detail. … consistent, reliable and competitive dividend over a long period of time, and is expected to continue to pay in the same manner many years to come.

Simply Wall St -

CESC Limited (NSE:CESC): Commentary On Fundamentals

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on CESC Limited (NSE:CESC) due to its excellent fundamentals in more than one area. … CESC

Simply Wall St -

What Do Analysts Think About CESC Limited's (NSE:CESC) Growth?

CESC Limited's (NSE:CESC) released its most recent earnings update in March 2018, whicha … suggested

Simply Wall St -

Is CESC Limited's (NSE:CESC) P/E Ratio Really That Good?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll look at CESC Limited's (NSE:CESC) P/E ratio and reflect on what it tells us about the company's share price. … How Do I Calculate CESC's Price To Earnings Ratio

Simply Wall St -

With A Return On Equity Of 10%, Has CESC Limited's (NSE:CESC) Management Done Well?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … One way to conceptualize this, is that for each ₹1 of shareholders' equity it has, the company made ₹0.10 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Have Investors Priced In CESC Limited's (NSE:CESC) Growth?

CESC Limited (NSE:CESC) is considered a high-growth stock, but its last closing price of ₹686.25 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … Let’s take a look at some key metrics to determine whether there's any value here for current and potential future investors. … Analysts are predicting good growth prospects for CESC over the next couple of years

Simply Wall St -

CESC Company Info

Description

CESC Limited, an integrated electrical utility company, engages in the generation, transmission, and distribution of electricity to approximately 2.9 million domestic, industrial, and commercial users in the area of 567 square kilometers (km) of Kolkata and Howrah, West Bengal in India. It owns and operates three thermal power plants, including Budge Budge, Southern, and Titagarh generating stations generating 1125 megawatts (MW) of power; two thermal power plants with a capacity of power in Chandrapur, Maharashtra, and Haldia, West Bengal; and transmission and distribution systems that comprise 474 km circuit of transmission lines linking the company’s generating and receiving stations with 105 distribution stations, as well as 8,211 km circuit of HT lines, and 12,269 km circuit of LT lines. The company also owns and operates four wind power projects with a capacity of 24 MW at Dangri in Rajasthan; 26 MW at Surendranagar, Gujarat; 36 MW at Nipaniya, Madhya Pradesh; and 70 MW at Rojmal, Gujarat, as well as a solar plant with generating capacity of approximately 18 MW of power in Ramnathapuram, Tamil Nadu. In addition, it engages in the business of organized music retailing stores; selling of music accessories; business process outsourcing; and property development activities. The company was formerly known as The Calcutta Electric Supply Corporation (India) Limited and changed its name to CESC Limited in January 1987. CESC Limited was founded in 1897 and is headquartered in Kolkata, India.

Details
Name: CESC Limited
CESC
Exchange: NSEI
Founded: 1897
₹95,779,091,419
132,557,043
Website: http://www.cesc.co.in
Address: CESC Limited
CESC House,
Chowringhee Square,
Kolkata,
West Bengal, 700001,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI CESC Equity Shares National Stock Exchange of India IN INR 21. Mar 1994
BSE 500084 Equity Shares Mumbai Stock Exchange IN INR 21. Mar 1994
BDL CESC GDR-REPR 1 ORD INR10 REG S Bourse de Luxembourg LU USD 09. Aug 1994
BDL CES05 GDR-REPR 1 ORD INR10 REG'S' (TEMP) Bourse de Luxembourg LU USD 21. Apr 2006
Number of employees
Current staff
Staff numbers
0
CESC employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 12:46
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/11
Last earnings filing: 2018/11/29
Last earnings reported: 2018/03/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.