Arthneeti

CESC Q1 FY27 Share Price & Earnings Call Analysis

₹128.52+1.62% today
Market cap
₹17,036 Cr
P/E
10.96
ROE
12.04%
PEG
2.58
Price to sales
0.90
Debt to equity
1.73
52W high / low
₹199 / ₹123
Sales growth (5Y)
9.81%
EBITDA margin
18.45%
Net profit margin
8.34%
Promoter holding
52.11%
Sales (last year)
₹18,853 Cr

Incorporated in 1978, CESC Ltd is in the business of generation and distribution of Electricity[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Power
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does CESC rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Power companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹1,519 Cr7.8
240%+Flat₹28,615 Cr48.0
340%+Flat₹14,613 Cr93.2
440%+Flat₹14,055 Cr532.8
520–40%Flat₹3.64L Cr20.0
620–40%Flat₹2.14L Cr109.5

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Financials of CESC

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of CESC

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +3,1024,3104,3523,2443,3874,8634,7003,5613,8775,2025,2674,0054,096
Expenses +2,5893,5863,7062,8982,9774,4923,8042,9513,0654,3384,2063,2263,353
Operating Profit5137246463464103718966108128641,061779743
OPM %17%17%15%11%12%8%19%17%21%17%20%19%18%
Other Income +547323423617645744189396293311156257531
Interest289308305296325322328339335363337343317
Depreciation221300303303311301295305304304311308304
Profit before tax550439461364419492462362466508569385653
Tax %19%16%21%17%1%21%19%22%17%20%21%21%30%
Net Profit +445368363301415388373282385404448304459
EPS in Rs3.272.622.632.123.022.852.662.002.812.923.232.153.31

Financials of CESC

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +11,06712,1248,36310,27510,66412,15911,63212,54414,24615,29317,00118,570
Expenses +9,0888,8395,5107,2357,7388,9028,3389,50911,97213,01714,15215,123
Operating Profit1,9793,2852,8543,0402,9263,2573,2933,0352,2742,2762,8493,447
OPM %18%27%34%30%27%27%28%24%16%15%17%19%
Other Income +1531164754541,1638426651,0131,5842,0001,6181,260
Interest1,0451,5931,4821,4111,4321,4841,3401,2481,2411,3771,4791,360
Depreciation5897667157517648488678858781,2171,2051,228
Profit before tax4981,0421,1311,3311,8931,7681,7521,9151,7391,6831,7822,119
Tax %40%30%28%27%37%26%22%27%20%14%20%24%
Net Profit +2997298109751,1981,3091,3631,4041,3971,4471,4281,618
EPS in Rs1.504.515.216.888.939.5610.0410.2510.1310.3810.3311.63
Dividend Payout %60%22%19%18%20%21%45%44%45%44%44%0%

Financials of CESC

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital133133133133133133133133133133133133
Reserves5,89610,47010,4898,2878,8419,2789,74010,26310,77711,31211,87612,397
Borrowings +14,20214,87715,59914,57814,47913,99114,27714,96114,26314,54417,97821,671
Other Liabilities +7,62910,94711,2489,98810,01712,05511,71212,13612,53911,17910,99412,269
Total Liabilities27,86036,42837,47032,98633,47035,45735,86237,49337,71237,16840,98146,470
Fixed Assets +20,86926,50026,62623,85423,64924,73924,19723,21622,82622,13122,76622,839
CWIP4105053922171611681341021401754272,905
Investments6701,0021,1101,1741,185180308460775759154
Other Assets +5,9128,4209,3437,7428,47410,37111,22213,71614,66914,80617,72820,572
Total Assets27,86036,42837,47032,98633,47035,45735,86237,49337,71237,16840,98146,470

Financials of CESC

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +8892,4802,6552,4692,2943,4082,8062,4991,9782,3512,5824,057
Cash from Investing Activity +-2,381-1,220-1,493-1,606-686-466-1,489-575-545-564-3,013-3,235
Cash from Financing Activity +1,331-1,181-760-1,485-1,737-2,219-1,739-611-2,457-1,6421,3371,205
Net Cash Flow-16180402-623-130723-4231,313-1,0241469062,027
Free Cash Flow-1,0511,2551,2051,5871,4622,4952,1321,7291,2881,586729148
CFO/OP58%86%105%93%89%114%95%95%100%123%104%131%

Financials of CESC

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days564368556055736156545247
Inventory Days
Days Payable
Cash Conversion Cycle564368556055736156545247
Working Capital Days-98-103-123-102-109-120-66-96-89-70-90-126
ROCE %8%12%10%11%14%14%13%13%11%12%11%11%
7out of 100

Momentum score · price trend

7 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−29.7%23%
Last 6 months−36.4%4%
Last 3 months−23.8%12%

The price is 36.7% below its all-time high of ₹199.9 (27 Sept 2024). Stocks more than 20% below their peak have their score halved, so 13 became 7.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For CESC: 0.4 × 23 + 0.4 × 4 + 0.2 × 12 = 13, halved to 7 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What CESC's management said in earlier quarters

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