| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 3/6 |
| Financial Health | 0/6 |
| Dividends | 6/6 |
CESC Overview
CESC Limited, an integrated electrical utility company, engages in the generation, transmission, and distribution of electricity in India.
CESC Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₹82.45 |
| 52 Week High | ₹55.51 |
| 52 Week Low | ₹96.90 |
| Beta | 1.24 |
| 1 Month Change | 8.69% |
| 3 Month Change | 6.07% |
| 1 Year Change | 32.08% |
| 3 Year Change | -4.86% |
| 5 Year Change | 32.00% |
| Change since IPO | 285.28% |
Recent News & Updates
Shareholder Returns
| CESC | IN Electric Utilities | IN Market | |
|---|---|---|---|
| 7D | -11.3% | -7.6% | 0.8% |
| 1Y | 32.1% | 134.2% | 67.5% |
Return vs Industry: CESC underperformed the Indian Electric Utilities industry which returned 134.2% over the past year.
Return vs Market: CESC underperformed the Indian Market which returned 67.5% over the past year.
Price Volatility
| CESC volatility | |
|---|---|
| CESC Beta | 1.24 |
| Industry Beta | 0.87 |
| Market Beta | 1 |
Stable Share Price: CESC is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: CESC's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1899 | 7,377 | n/a | https://www.cesc.co.in |
CESC Limited, an integrated electrical utility company, engages in the generation, transmission, 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 projects with a capacity of 600 MW in Haldia, West Bengal; two thermal power projects with a capacity of 640 MW in Chandrapur, Maharashtra and Asansol, 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 serves approximately 2.9 million domestic, industrial, and commercial users in 567 square kilometers of Kolkata and Howrah.
CESC Fundamentals Summary
| CESC fundamental statistics | |
|---|---|
| Market Cap | ₹109.29b |
| Earnings (TTM) | ₹14.00b |
| Revenue (TTM) | ₹122.41b |
7.8x
P/E Ratio0.9x
P/S RatioIs CESC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CESC income statement (TTM) | |
|---|---|
| Revenue | ₹122.41b |
| Cost of Revenue | ₹64.53b |
| Gross Profit | ₹57.88b |
| Expenses | ₹43.88b |
| Earnings | ₹14.00b |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Nov 14, 2021
| Earnings per share (EPS) | 10.56 |
| Gross Margin | 47.28% |
| Net Profit Margin | 11.44% |
| Debt/Equity Ratio | 139.0% |
How did CESC perform over the long term?
See historical performance and comparisonDividends
5.5%
Current Dividend Yield43%
Payout RatioValuation
Is CESC undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CESC (₹82.45) is trading below our estimate of fair value (₹194.74)
Significantly Below Fair Value: CESC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CESC is good value based on its PE Ratio (7.8x) compared to the Indian Electric Utilities industry average (22.3x).
PE vs Market: CESC is good value based on its PE Ratio (7.8x) compared to the Indian market (20.7x).
Price to Earnings Growth Ratio
PEG Ratio: CESC is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: CESC is good value based on its PB Ratio (1.1x) compared to the IN Electric Utilities industry average (1.4x).
Future Growth
How is CESC forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
6.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CESC's forecast earnings growth (6.5% per year) is below the savings rate (6.8%).
Earnings vs Market: CESC's earnings (6.5% per year) are forecast to grow slower than the Indian market (18.3% per year).
High Growth Earnings: CESC's earnings are forecast to grow, but not significantly.
Revenue vs Market: CESC's revenue (2.9% per year) is forecast to grow slower than the Indian market (12.6% per year).
High Growth Revenue: CESC's revenue (2.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CESC's Return on Equity is forecast to be low in 3 years time (13.5%).
Past Performance
How has CESC performed over the past 5 years?
15.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CESC has high quality earnings.
Growing Profit Margin: CESC's current net profit margins (11.4%) are lower than last year (12.4%).
Past Earnings Growth Analysis
Earnings Trend: CESC's earnings have grown by 15.7% per year over the past 5 years.
Accelerating Growth: CESC's earnings growth over the past year (10.4%) is below its 5-year average (15.7% per year).
Earnings vs Industry: CESC earnings growth over the past year (10.4%) exceeded the Electric Utilities industry 10%.
Return on Equity
High ROE: CESC's Return on Equity (14%) is considered low.
Financial Health
How is CESC's financial position?
Financial Position Analysis
Short Term Liabilities: CESC's short term assets (₹56.0B) do not cover its short term liabilities (₹75.4B).
Long Term Liabilities: CESC's short term assets (₹56.0B) do not cover its long term liabilities (₹180.6B).
Debt to Equity History and Analysis
Debt Level: CESC's debt to equity ratio (139%) is considered high.
Reducing Debt: CESC's debt to equity ratio has increased from 128.7% to 139% over the past 5 years.
Debt Coverage: CESC's debt is not well covered by operating cash flow (19.7%).
Interest Coverage: CESC's interest payments on its debt are not well covered by EBIT (2.2x coverage).
Balance Sheet
Dividend
What is CESC current dividend yield, its reliability and sustainability?
5.46%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CESC's dividend (5.46%) is higher than the bottom 25% of dividend payers in the Indian market (0.34%).
High Dividend: CESC's dividend (5.46%) is in the top 25% of dividend payers in the Indian market (1.45%)
Stability and Growth of Payments
Stable Dividend: CESC's dividends per share have been stable in the past 10 years.
Growing Dividend: CESC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (42.6%), CESC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CESC's dividends in 3 years are forecast to be well covered by earnings (43.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.3yrs
Average management tenure
CEO
CESC has no CEO, or we have no data on them.
Leadership Team
Experienced Management: CESC's management team is considered experienced (3.3 years average tenure).
Board Members
Experienced Board: CESC's board of directors are considered experienced (6.9 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: CESC
- Exchange: NSEI
- Founded: 1899
- Industry: Electric Utilities
- Sector: Utilities
- Market Cap: ₹109.293b
- 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/27 15:33 |
| End of Day Share Price | 2021/09/27 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2021/03/31 |
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.