CESC:NSE-CESC Limited (INR)

COMMON STOCK | Utilities-Independent Power Producers | NSE

Last Closing Price

INR 780.40

Change

+8.95 (+1.16)%

Market Cap

INR 102.29B

Volume

4.75M

Average Target Price

INR 811.40 (+3.97%)
Average Analyst Rating

Verdict

Fundamental Analysis

Verdict

About

CESC Limited, an integrated electrical utility company, engages in the generation, transmission, and distribution of electricity to approximately 3.3 million domestic, industrial, and commercial users in the area of 567 square kilometers of Kolkata, Howrah, Hooghly, and North and South 24 Parganas in 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 projects with a capacity of 640 MW 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 solar plant in Gujarat's Kutch generating 9 MW of solar energy, and a 18 MW DC project in Ramnathapuram, Tamil Nadu; hydro power venture in Arunachal Pradesh generating 146 MW energy; and wind power plants, including a 24 MW project at Dangri in Rajasthan, a 26 MW project in Surendranagar in Gujarat, a 36 MW project in Nipaniya in Madhya Pradesh, and a 70 MW project in Rojmal, Gujarat. 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 1899 and is headquartered in Kolkata, India.

Technical Indicators

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2021-06-17 )

Largest Industry Peers for Utilities-Independent Power Producers

Symbol Name Price(Change) Market Cap Price / Earning Ratio EV/EBITDA
NTPC:NSE NTPC Limited

-2.40 (-2.00%)

INR1,147.12B 10.06 8.01
ADANIPOWER:NSE Adani Power Limited

-6.35 (-4.99%)

INR490.80B 2,120.83 9.36
TATAPOWER:NSE The Tata Power Company Limited

-2.00 (-1.59%)

INR402.66B 39.73 8.61
JSWENERGY:NSE JSW Energy Limited

-3.90 (-2.36%)

INR270.90B 34.00 10.45
BAJAJELEC:NSE Bajaj Electricals Limited

-30.20 (-2.89%)

INR119.88B 63.37 30.79
RPOWER:NSE Reliance Power Limited

+0.70 (+4.86%)

INR41.22B 17.67 5.49
JPPOWER:NSE Jaiprakash Power Ventures Limi..

+0.25 (+4.67%)

INR36.95B N/A 7.38
PTC:NSE PTC India Limited

-1.95 (-1.80%)

INR32.04B 7.53 5.68
RTNINFRA:NSE RattanIndia Enterprises Limite..

+1.20 (+4.34%)

INR6.93B 3.23 3.73
GREENPOWER:NSE Orient Green Power Company Lim..

-0.05 (-1.67%)

INR2.25B 22.64 7.65

ETFs Containing CESC

Symbol Name Weight Mer Price(Change) Market Cap

N/A

Market Performance

  Market Performance vs.
Industry/Classification (Utilities-Independent Power Producers)
Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 25.74% 31% F 46% F
Dividend Return 7.25% 100% A+ 97% A+
Total Return 32.99% 31% F 54% F
Trailing 12 Months  
Capital Gain 29.31% 23% F 19% F
Dividend Return 7.46% 60% D- 93% A
Total Return 36.77% 23% F 22% F
Trailing 5 Years  
Capital Gain 34.30% 46% F 51% F
Dividend Return 14.54% 67% D+ 90% A-
Total Return 48.84% 46% F 53% F
Average Annual (5 Year Horizon)  
Capital Gain 1.10% 46% F 41% F
Dividend Return 1.85% 50% F 85% B
Total Return 2.95% 38% F 43% F
Risk Return Profile  
Volatility (Standard Deviation) 31.71% 77% C+ 77% C+
Risk Adjusted Return 9.30% 38% F 45% F
Market Capitalization 102.29B 62% D- 82% B-
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 87%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Key Financial Ratios

  Ratio vs. Industry/Classification
(Utilities-Independent Power Producers)
Ratio vs. Market
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 7.69 83% B 85% B
Price/Book Ratio 1.02 46% F 72% C-
Price / Cash Flow Ratio 3.41 58% F 66% D
EV/EBITDA 5.60 77% C+ 85% B
Management Effectiveness  
Return on Equity 13.03% 100% A+ 67% D+
Return on Invested Capital 10.61% 100% A+ 70% C-
Return on Assets 3.44% 67% D+ 56% F
Debt to Equity Ratio 101.38% 58% F 14% F
Technical Ratios  
Short Ratio N/A N/A N/A N/A N/A
Short Percent N/A N/A N/A N/A N/A
Beta 1.37 23% F 26% F
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Annual Financials (INR)

Quarterly Financials (INR)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

Fundamental Analysis Breakdown

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

Underpriced compared to earnings

The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior return on equity

The company management has delivered better return on equity in the most recent 4 quarters then its peers, placing it in the top quartile.

Superior capital utilization

The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Underpriced on free cash flow basis

The stock is trading low compared to its peers on a price to free cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior Earnings Growth

This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.

What to not like:
Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Below median total returns

The company has under performed its peers on annual average total returns in the past 5 years.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Low Revenue Growth

This stock has shown below median revenue growth in the previous 5 years compared to its sector