CESC Limited

NSEI:CESC Stock Report

Market Cap: ₹187.6b

CESC Future Growth

Future criteria checks 1/6

CESC is forecast to grow earnings and revenue by 11.5% and 9.5% per annum respectively. EPS is expected to grow by 12.3% per annum. Return on equity is forecast to be 13.4% in 3 years.

Key information

11.5%

Earnings growth rate

12.32%

EPS growth rate

Electric Utilities earnings growth12.3%
Revenue growth rate9.5%
Future return on equity13.45%
Analyst coverage

Good

Last updated04 Sep 2026

Recent future growth updates

Analysis Article • Aug 16

CESC Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

As you might know, CESC Limited ( NSE:CESC ) last week released its latest first-quarter, and things did not turn out...
Analysis Article • May 09

Analysts Are Updating Their CESC Limited (NSE:CESC) Estimates After Its Annual Results

CESC Limited ( NSE:CESC ) came out with its yearly results last week, and we wanted to see how the business is...
Analysis Article • Aug 03

CESC Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

CESC Limited ( NSE:CESC ) just released its latest quarterly results and things are looking bullish. Results were good...
Analysis Article • May 18

CESC Limited (NSE:CESC) Just Released Its Annual Results And Analysts Are Updating Their Estimates

Investors in CESC Limited ( NSE:CESC ) had a good week, as its shares rose 4.7% to close at ₹165 following the release...
Analysis Article • Jan 14

Analysts Have Made A Financial Statement On CESC Limited's (NSE:CESC) Third-Quarter Report

There's been a notable change in appetite for CESC Limited ( NSE:CESC ) shares in the week since its third-quarter...

Recent updates

Analysis Article • Aug 16

CESC Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

As you might know, CESC Limited ( NSE:CESC ) last week released its latest first-quarter, and things did not turn out...
Analysis Article • May 09

Analysts Are Updating Their CESC Limited (NSE:CESC) Estimates After Its Annual Results

CESC Limited ( NSE:CESC ) came out with its yearly results last week, and we wanted to see how the business is...
Analysis Article • Jan 04

CESC's (NSE:CESC) Returns Have Hit A Wall

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article • Dec 14

We Think CESC (NSE:CESC) Can Stay On Top Of Its Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Nov 26

Investors Don't See Light At End Of CESC Limited's (NSE:CESC) Tunnel

When close to half the companies in India have price-to-earnings ratios (or "P/E's") above 26x, you may consider CESC...
Analysis Article • Sep 29

The Returns At CESC (NSE:CESC) Aren't Growing

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Analysis Article • Sep 11

Is CESC (NSE:CESC) Using Too Much Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Aug 03

CESC Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

CESC Limited ( NSE:CESC ) just released its latest quarterly results and things are looking bullish. Results were good...
Analysis Article • Jun 25

CESC (NSE:CESC) Is Reinvesting At Lower Rates Of Return

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...
Analysis Article • May 18

CESC Limited (NSE:CESC) Just Released Its Annual Results And Analysts Are Updating Their Estimates

Investors in CESC Limited ( NSE:CESC ) had a good week, as its shares rose 4.7% to close at ₹165 following the release...
Analysis Article • May 03

Earnings Working Against CESC Limited's (NSE:CESC) Share Price

When close to half the companies in India have price-to-earnings ratios (or "P/E's") above 27x, you may consider CESC...
Analysis Article • Mar 01

Here's Why CESC (NSE:CESC) Has A Meaningful Debt Burden

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Feb 14

Is Now The Time To Look At Buying CESC Limited (NSE:CESC)?

CESC Limited ( NSE:CESC ), is not the largest company out there, but it saw significant share price movement during...
Analysis Article • Jan 29

CESC Limited's (NSE:CESC) 28% Dip In Price Shows Sentiment Is Matching Earnings

The CESC Limited ( NSE:CESC ) share price has fared very poorly over the last month, falling by a substantial 28%. The...
Analysis Article • Jan 14

Analysts Have Made A Financial Statement On CESC Limited's (NSE:CESC) Third-Quarter Report

There's been a notable change in appetite for CESC Limited ( NSE:CESC ) shares in the week since its third-quarter...
Analysis Article • Dec 19

Returns On Capital At CESC (NSE:CESC) Paint A Concerning Picture

What underlying fundamental trends can indicate that a company might be in decline? A business that's potentially in...
Analysis Article • Nov 15

Analysts Are Updating Their CESC Limited (NSE:CESC) Estimates After Its Second-Quarter Results

Shareholders might have noticed that CESC Limited ( NSE:CESC ) filed its quarterly result this time last week. The...
Analysis Article • Nov 09

Should You Think About Buying CESC Limited (NSE:CESC) Now?

CESC Limited ( NSE:CESC ), is not the largest company out there, but it saw significant share price movement during...
Analysis Article • Oct 22

CESC Limited's (NSE:CESC) Low P/E No Reason For Excitement

When close to half the companies in India have price-to-earnings ratios (or "P/E's") above 34x, you may consider CESC...
Analysis Article • Sep 16

Investors Could Be Concerned With CESC's (NSE:CESC) Returns On Capital

What underlying fundamental trends can indicate that a company might be in decline? Typically, we'll see the trend of...
Analysis Article • Aug 13

CESC Limited Beat Revenue Forecasts By 6.6%: Here's What Analysts Are Forecasting Next

CESC Limited ( NSE:CESC ) investors will be delighted, with the company turning in some strong numbers with its latest...
Analysis Article • Jul 12

CESC Limited's (NSE:CESC) Price Is Right But Growth Is Lacking After Shares Rocket 30%

CESC Limited ( NSE:CESC ) shares have continued their recent momentum with a 30% gain in the last month alone. The last...
Analysis Article • Jun 06

Does CESC (NSE:CESC) Have A Healthy Balance Sheet?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • May 22

Capital Allocation Trends At CESC (NSE:CESC) Aren't Ideal

Ignoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...
Analysis Article • May 01

An Intrinsic Calculation For CESC Limited (NSE:CESC) Suggests It's 46% Undervalued

Key Insights Using the 2 Stage Free Cash Flow to Equity, CESC fair value estimate is ₹273 CESC is estimated to be 46...
Analysis Article • Apr 13

CESC Limited's (NSE:CESC) Shares Bounce 25% But Its Business Still Trails The Market

CESC Limited ( NSE:CESC ) shares have had a really impressive month, gaining 25% after a shaky period beforehand. The...
Analysis Article • Feb 07

Returns On Capital Signal Difficult Times Ahead For CESC (NSE:CESC)

Ignoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...
Analysis Article • Jan 23

CESC Limited Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected

CESC Limited ( NSE:CESC ) came out with its quarterly results last week, and we wanted to see how the business is...
Analysis Article • Dec 18

There's No Escaping CESC Limited's (NSE:CESC) Muted Earnings Despite A 26% Share Price Rise

CESC Limited ( NSE:CESC ) shares have continued their recent momentum with a 26% gain in the last month alone. The last...
Analysis Article • Aug 24

Be Wary Of CESC (NSE:CESC) And Its Returns On Capital

What financial metrics can indicate to us that a company is maturing or even in decline? A business that's potentially...
Analysis Article • Jul 07

CESC Limited's (NSE:CESC) Intrinsic Value Is Potentially 83% Above Its Share Price

Key Insights CESC's estimated fair value is ₹138 based on 2 Stage Free Cash Flow to Equity CESC is estimated to be 45...
Analysis Article • Aug 31

Is CESC Limited (NSE:CESC) Potentially Undervalued?

CESC Limited ( NSE:CESC ), is not the largest company out there, but it saw a double-digit share price rise of over 10...
Analysis Article • Jun 15

CESC Limited's (NSE:CESC) Low P/E No Reason For Excitement

CESC Limited's ( NSE:CESC ) price-to-earnings (or "P/E") ratio of 7.3x might make it look like a strong buy right now...
Analysis Article • Apr 06

Should You Think About Buying CESC Limited (NSE:CESC) Now?

CESC Limited ( NSE:CESC ), is not the largest company out there, but it saw a decent share price growth in the teens...
Analysis Article • Jan 15

Earnings Report: CESC Limited Missed Revenue Estimates By 5.8%

Investors in CESC Limited ( NSE:CESC ) had a good week, as its shares rose 2.2% to close at ₹92.55 following the...
Analysis Article • Nov 23

Returns On Capital Are Showing Encouraging Signs At CESC (NSE:CESC)

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a...

Earnings and Revenue Growth Forecasts

NSEI:CESC - Analysts future estimates and past financials data (INR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/2029246,37221,5198,542N/A4
3/31/2028227,18418,805-6,957N/A7
3/31/2027210,24217,049-9,424N/A7
6/30/2026188,53015,540N/AN/AN/A
3/31/2026185,70315,4201,41340,575N/A
12/31/2025183,51314,759N/AN/AN/A
9/30/2025179,07314,49910,84332,505N/A
6/30/2025173,40013,780N/AN/AN/A
3/31/2025170,01313,6997,18325,814N/A
12/31/2024165,11213,964N/AN/AN/A
9/30/2024161,94214,1249,39317,104N/A
6/30/2024158,46214,074N/AN/AN/A
3/31/2024152,93213,76415,80323,514N/A
12/31/2023150,08414,088N/AN/AN/A
9/30/2023148,93414,46816,60823,564N/A
6/30/2023144,54414,038N/AN/AN/A
3/31/2023142,46413,42812,82819,784N/A
12/31/2022141,54913,331N/AN/AN/A
9/30/2022138,51913,43110,35018,131N/A
6/30/2022134,29913,731N/AN/AN/A
3/31/2022125,43913,58117,21024,991N/A
12/31/2021124,22613,579N/AN/AN/A
9/30/2021123,80613,57934,32741,155N/A
6/30/2021122,40613,999N/AN/AN/A
3/31/2021116,31513,30921,23128,059N/A
12/31/2020103,82613,311N/AN/AN/A
9/30/2020101,87612,7417,12914,593N/A
6/30/2020102,07612,681N/AN/AN/A
3/31/2020121,58912,670N/A34,080N/A
12/31/2019108,89112,740N/AN/AN/A
9/30/2019109,60112,450N/A25,059N/A
6/30/2019109,06112,040N/AN/AN/A
3/31/2019106,64111,840N/A22,939N/A
3/31/2018102,7498,276N/A24,686N/A
3/31/201783,6345,354N/A26,552N/A
3/31/2016121,2425,985N/A24,804N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CESC's forecast earnings growth (11.5% per year) is above the savings rate (6.9%).

Earnings vs Market: CESC's earnings (11.5% per year) are forecast to grow slower than the Indian market (16.8% per year).

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

Revenue vs Market: CESC's revenue (9.5% per year) is forecast to grow slower than the Indian market (11.3% per year).

High Growth Revenue: CESC's revenue (9.5% 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 (13.4%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/21 11:33
End of Day Share Price 2026/09/21 00:00
Earnings2026/06/30
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

CESC Limited is covered by 32 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null null360 ONE Capital Market Private Limited
Rajesh Majumdar360 ONE Capital Market Private Limited
null nullAntique Stockbroking Ltd.