CESC share price
NSE: CESCBSE: 500084PowerSmall Cap
CESC Limited · Face value ₹1 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Feb 1995
Last close ₹128.14up ₹4.53 (3.66%)BSE ₹128.10
Share price at the NSE close on 29 Oct 2026. Previous close ₹123.61.
29 Oct: open ₹124.00, high ₹128.50, low ₹124.00
52-week range of traded prices to 29 Oct 2026
₹122.15Low, 27 Oct 2026₹204.50High, 4 May 2026
- Next results date: the board meets on 5 Nov 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹16,986 Cr326th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 10.95
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 1.36
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 4.68%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 12.6%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 6.6%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 1.62
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 20,13,82541.4% delivered
About CESC
CESC Limited is an integrated power utility that generates and distributes electricity in its licensed area in and around Kolkata, West Bengal.12 Through its subsidiaries, it also runs power plants and electricity distribution businesses in other parts of India.1 It is building solar, wind, hybrid and battery storage projects across India through its subsidiary Purvah Green Power Private Limited.3
Its Kolkata operations distribute electricity from its own generating stations and from the Haldia plant of its subsidiary Haldia Energy, while other subsidiaries own thermal and renewable plants elsewhere.4 Outside Kolkata, it holds distribution licences for Greater Noida in Uttar Pradesh and the Union Territory of Chandigarh, and runs distribution franchises (local networks it operates under agreement with a state power utility) in Kota, Bharatpur and Bikaner in Rajasthan and Malegaon in Maharashtra.45
CESC has operated as an integrated utility since 1899 and was incorporated in 1978.67 It has distributed power outside Kolkata since 1993 through Noida Power Company Limited, and took over electricity distribution in Chandigarh on 1 February 2025.85 CESC is part of the RP-Sanjiv Goenka Group, and Sanjiv Goenka is its chairman.19 The promoter group held 52.11% of its shares on 31 March 2026.10
CESC key points
Results
- In the year to Mar 2026, consolidated revenue from operations was ₹18,570 crore, against ₹17,001 crore a year earlier.11
- Consolidated EBITDA (earnings before interest, tax, depreciation and amortisation) rose 9% to ₹4,707 crore in the year to Mar 2026, and total profit after tax, including minority owners' share, rose 13% to ₹1,618 crore.12
- On a standalone basis, CESC's profit after tax was ₹852 crore in the year to Mar 2026, against ₹800 crore a year earlier.13
Electricity distribution
- In the year to Mar 2026, CESC supplied 3.78 million customers in its Kolkata licensed area, and its 6 distribution businesses outside Kolkata served around 11.4 lakh consumers, against 10.9 lakh a year earlier.1415
- Power lost in the network (distribution loss)1617
Item year to Mar 2026 year to Mar 2025 Kolkata (transmission and distribution loss) 6.11% – Greater Noida 6.95% 7.48% Kota franchise 12.38% 14.28% Bikaner franchise 10.88% 11.96% - CESC's distribution businesses outside Kolkata sold 8,983 million units (MU) of electricity in the year to Mar 2026, up 26% from 7,119 MU, with a large part of the increase from Chandigarh counting for a full year.15
- Kolkata's energy requirement was 12,068 MU in the year to Mar 2026, with peak demand of 2,572 MW; about 82% was met by the company's own plants, including Haldia.18
Plants and capacity
- The company has 2,140 MW of thermal generation capacity in 5 plants, 78% of it tied to its own distribution businesses.19
- In Kolkata, CESC runs the 750 MW Budge Budge and 135 MW Southern stations; its wholly owned subsidiary Haldia Energy runs the 600 MW Haldia plant, which sells its power to CESC under a long-term agreement.2021
- Haldia Energy's plant ranked 1st among India's thermal stations by plant load factor (output as a share of the maximum possible) in the year to Mar 2026, per the Central Electricity Authority.20
- Dhariwal Infrastructure's 600 MW Chandrapur plant in Maharashtra had a plant load factor of 82.9% in the year to Mar 2026.222324
Renewable energy
- Renewable subsidiary Purvah has contracted capacity of 4.8 GWp (gigawatts peak, the rated output of solar panels) plus 2.2 GWh of battery storage: 3.5 GWp solar and 1.3 GW wind; 1.8 GWp is operational, including plants under acquisition.2526
- Of 6 Purvah projects totalling 2,400 MW under implementation at the end of March 2026, 296 MW had been commissioned as of the annual report of 15 Aug 2026, at the 300 MW Bhadla solar project in Rajasthan.2728
Expansion and capital spending
- In its presentation of 18 Sep 2026, the company said it is setting up 3 GW of solar cell and module manufacturing by 2027 on 100 acres in the Yamuna Expressway area, Greater Noida, investing about ₹3,000 crore in the cell line.293031
- In its presentation of 18 Sep 2026, the company said committed capital spending of over ₹26,000 crore funds its contracted renewable capacity, which it expects to bring annualised revenue of over ₹3,400 crore and EBITDA of over ₹3,000 crore.32
- In its presentation of 18 Sep 2026, the company said it plans capital spending of about ₹350 billion over the next 5 years.33
What the company expects
- The company stated in its annual report for the year to Mar 2026 that it plans renewable capacity of 3.2 GW by the year to Mar 2029 in a first phase, and 10 GW in all by the year to Mar 2032.3435
- In its presentation of 18 Sep 2026, the company said it aims by 2030 to double profit after tax, including minority owners' share, from ₹1,429 crore in the year to Mar 2025, and raise return on equity (profit over equity) by 400 basis points.36
Recent events
- On 14 Aug 2026, Purvah received a letter of award (notice of a winning bid) from Solar Energy Corporation of India to supply 70 MW of firm, round-the-clock renewable power for 25 years at ₹5.25 per kilowatt-hour (kWh).3738
- On 10 Aug 2026, Purvah agreed to buy 6 companies owning 1.4 GWp of operating renewable plants from ReNew Solar Power, at an enterprise value (price including debt) of ₹4,859 crore; the filing said it expected completion before 31 Oct 2026.394041
- On 5 Aug 2026, Purvah received a letter of award from Solar Energy Corporation of India for a 175 MW wind power project at ₹3.85 per kWh.4243
- On 12 Feb 2026, Purvah accepted a letter of award from Solar Energy Corporation of India for a 250 MW wind power project at ₹3.69 per kWh.4445
Litigation and regulatory matters
- As of its annual report for the year to Mar 2026, 2 Rajasthan franchise subsidiaries had started arbitration against Jaipur Vidyut Vitran Nigam over claims they dispute, and had paid ₹130 crore under protest; the impact is not ascertainable.46
Last updated
All 46 sources, each with its page
- 1. Annual report, 15 Aug 2026, page 44
- 2. Annual report, 15 Aug 2026, page 98
- 3. Annual report, 15 Aug 2026, page 4
- 4. Annual report, 15 Aug 2026, page 47
- 5. Annual report, 15 Aug 2026, page 54
- 6. Investor presentation, 18 Sep 2026, page 11
- 7. Annual report, 15 Aug 2026, page 22
- 8. Annual report, 15 Aug 2026, page 53
- 9. Annual report, 15 Aug 2026, page 64
- 10. Annual report, 15 Aug 2026, page 82
- 11. Annual report, 15 Aug 2026, page 58
- 12. Investor presentation, 18 Sep 2026, page 4
- 13. Annual report, 15 Aug 2026, page 47
- 14. Annual report, 15 Aug 2026, page 44
- 15. Annual report, 15 Aug 2026, page 54
- 16. Investor presentation, 18 Sep 2026, page 9
- 17. Annual report, 15 Aug 2026, page 54
- 18. Annual report, 15 Aug 2026, page 49
- 19. Investor presentation, 18 Sep 2026, page 4
- 20. Annual report, 15 Aug 2026, page 47
- 21. Annual report, 15 Aug 2026, page 7
- 22. Investor presentation, 18 Sep 2026, page 5
- 23. Annual report, 15 Aug 2026, page 52
- 24. Annual report, 15 Aug 2026, page 53
- 25. Investor presentation, 18 Sep 2026, page 5
- 26. Investor presentation, 18 Sep 2026, page 4
- 27. Annual report, 15 Aug 2026, page 52
- 28. Annual report, 15 Aug 2026, page 53
- 29. Investor presentation, 18 Sep 2026, page 4
- 30. Investor presentation, 18 Sep 2026, page 24
- 31. Investor presentation, 18 Sep 2026, page 7
- 32. Investor presentation, 18 Sep 2026, page 21
- 33. Investor presentation, 18 Sep 2026, page 26
- 34. Annual report, 15 Aug 2026, page 52
- 35. Annual report, 15 Aug 2026, page 8
- 36. Investor presentation, 18 Sep 2026, page 6
- 37. Exchange filing, 14 Aug 2026, page 1
- 38. Exchange filing, 14 Aug 2026, page 2
- 39. Exchange filing, 10 Aug 2026, page 1
- 40. Exchange filing, 10 Aug 2026, page 3
- 41. Investor presentation, 18 Sep 2026, page 18
- 42. Exchange filing, 6 Aug 2026, page 1
- 43. Exchange filing, 6 Aug 2026, page 2
- 44. Exchange filing, 12 Feb 2026, page 1
- 45. Exchange filing, 12 Feb 2026, page 2
- 46. Annual report, 15 Aug 2026, page 262
Results
Consolidated; ₹ crore.CESC quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +8.7%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +12.6%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹5,485 Crup 33.91%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹419 Crdown 8.71%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 7.6%
Revenue by quarter
Peak revenue ₹5,485 Cr, quarter to Jun 2026; lowest ₹3,561 Cr, quarter to Dec 2024
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,700 | 3,561 | 3,877 | 5,202 | 5,267 | 4,005 | 4,096 | 5,485 |
| Net profit | 373 | 282 | 385 | 404 | 445 | 304 | 459 | 419 |
| Net margin | 7.9% | 7.9% | 9.9% | 7.8% | 8.4% | 7.6% | 11.2% | 7.6% |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹18,570 Crup 9.23%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹1,618 Crup 13.31%
- Net margin
- 8.7%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2021, the company's revenue for that year, ₹11,639 Cr, differs from its quarters added, ₹10,839 Cr.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 13,903 | 16,161 | 10,664 | 11,014 | 11,639 | 12,544 | 14,246 | 15,293 | 17,001 | 18,570 |
| Net profit | 810 | 1,155 | 1,198 | 1,306 | 1,363 | 1,405 | 1,397 | 1,447 | 1,428 | 1,618 |
| Net margin | 5.8% | 7.1% | 11.2% | 11.9% | 11.7% | 11.2% | 9.8% | 9.5% | 8.4% | 8.7% |
Consolidated. Years to March. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
In the year to Mar 2026 the company reports one business segment, Generation and Distribution of Electricity, which carries all its revenue.
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2021: days before it are of the company before the change.CESC PE ratio and valuation
Price to earnings
At or below today's level on 32% of 2,331 trading days over the last 10 years.
LowestHighest
Its median14.90Industry median20.24
Price to book
At or below today's level on 64% of 1,972 trading days since Nov 2018.
LowestHighest
Its median1.05Industry median1.51
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 68% of 2,447 trading days over the last 10 years.
LowestHighest
Its median3.20%Industry median1.67%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +1.6% | +12.7% | −13.4% | 4.0% |
| 3 years | +34.6% | +4.7% | +25.2% | 3.5% |
| 5 years | +25.1% | +3.0% | +16.9% | 4.7% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.
Mutual fund holdings
93 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 56 of the 63 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 93 funds holding CESC
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 20
- CutCut. Funds that held fewer shares than at the end of the month before.
- 43
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 29
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 7
| Fund | |||
|---|---|---|---|
 SBI Balanced Advantage FundSBI Mutual Fund | 3,70,00,000 | 1.22% | ₹495.2 Cr |
| SBI Contra FundSBI Mutual Fund | 2,18,53,430 | 0.65% | ₹292.5 Cr |
| SBI Multi Asset Allocation FundSBI Mutual Fund | 1,85,44,608 | 1.18% | ₹248.2 Cr |
 Nippon India Multi Cap FundNippon India Mutual Fund | 1,45,59,887 | 0.36% | ₹194.9 Cr |
 HDFC Balanced Advantage FundHDFC Mutual Fund | 1,27,80,789 | 0.17% | ₹171.1 Cr |
| SBI Energy Opportunities FundSBI Mutual Fund | 1,21,14,574 | 2.04% | ₹162.2 Cr |
| Nippon India Small Cap FundNippon India Mutual Fund | 1,11,88,202 | 0.19% | ₹149.8 Cr |
 Franklin India Small Cap FundFranklin Templeton Mutual Fund | 1,03,58,062 | 0.97% | ₹138.6 Cr |
| SBI Dividend Yield FundSBI Mutual Fund | 1,00,00,000 | 1.66% | ₹133.9 Cr |
 ICICI Prudential Infrastructure FundICICI Prudential Mutual Fund | 88,15,188 | 1.43% | ₹118.0 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
CESC competitors and peers
Power, 45 listed companies, priced on 29 Oct 2026. The table lists the 8 companies closest to CESC in market cap.Power stocks
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 Torrent PowerTORNTPOWER | 59,330 | 25.53 | 3.11 | +4.1% | −15.4% | 12.7% | 11.9% | 1.70% |
 NLC IndiaNLCINDIA | 32,967 | – | 1.53 | +16.8% | – | – | 6.8% | 1.62% |
 Acme Solar HoldingsACMESOLAR | 29,392 | 38.84 | 3.51 | +53.7% | – | 11.5% | 5.3% | 0.05% |
 SJVNSJVN | 20,592 | 32.21 | 1.45 | +60.5% | −7.4% | 4.5% | 5.1% | 2.86% |
 Clean Max Enviro Energy SolutionsCLEANMAX | 14,842 | – | 3.20 | – | – | – | – | 0.00% |
 NavaNAVA | 14,737 | 19.50 | 1.69 | +9.0% | −27.6% | 9.2% | 9.7% | 1.63% |
 Juniper Green EnergyJNPR | 14,211 | – | – | – | – | – | – | 0.00% |
 Vedanta PowerVEDPOWER | 11,293 | – | 0.86 | – | – | – | – | 0.00% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.CESC dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossaryHighest ₹6.00 a share, year to Mar 2026 and year to Mar 2027 so far.
| Ex-date | Type | Per share |
|---|---|---|
| 19 Aug 2026 | Interim | ₹6.00 |
| 27 Oct 2025 | Interim | ₹6.00 |
| 16 Jan 2025 | Interim | ₹4.50 |
| 1 Feb 2024 | Interim | ₹4.50 |
| 24 Feb 2023 | Interim | ₹4.50 |
| 24 Jan 2022 | Interim | ₹4.50 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.CESC announcements
Oct 2026
29 Oct · Board meeting
Sep 2026
25 Sep
24 Sep · Updates
22 Sep · Updates
17 Sep · Updates
CESC share price by year
Each calendar year to 2025.CESC share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 167.56 | −9.9% | 189.32 | 122.18 |
| 2024 | 185.93 | +40.3% | 208.41 | 112.45 |
| 2023 | 132.50 | +73.4% | 132.50 | 63.20 |
| 2022 | 76.40 | −12.7% | 93.15 | 68.40 |
| 2021 | 87.50 | +42.4% | 98.35 | 58.08 |
| 2020 | 61.43 | −16.6% | 77.05 | 37.82 |
| 2019 | 73.68 | +10.2% | 84.15 | 65.18 |
| 2018 | 66.84 | −36.2% | 117.72 | 66.72 |
| 2017 | 104.80 | +64.1% | 107.26 | 64.02 |
| 2016 | 63.85 | +24.3% | 67.45 | 41.66 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.
Recent sessions
The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 28 Oct 2026 | 123.45 | 126.00 | 122.76 | 123.61 | 124.11 | 15,95,636 | 49.1% |
| 27 Oct 2026 | 125.00 | 127.40 | 122.15 | 123.45 | 123.86 | 53,52,051 | 64.9% |
| 26 Oct 2026 | 124.90 | 126.95 | 123.49 | 124.75 | 125.13 | 14,78,078 | 44.5% |
| 23 Oct 2026 | 130.10 | 130.48 | 123.66 | 124.79 | 125.10 | 28,37,902 | 52.4% |
| 22 Oct 2026 | 130.40 | 131.94 | 128.62 | 129.96 | 130.31 | 15,49,956 | 51.1% |
| 21 Oct 2026 | 134.13 | 134.13 | 130.81 | 131.62 | 132.09 | 9,52,817 | 46.6% |
| 19 Oct 2026 | 135.87 | 136.17 | 133.00 | 133.35 | 133.99 | 9,03,439 | 50.2% |
| 16 Oct 2026 | 136.49 | 137.30 | 135.25 | 135.90 | 136.01 | 6,22,459 | 46.7% |
| 15 Oct 2026 | 138.66 | 138.90 | 135.55 | 135.85 | 136.70 | 10,87,867 | 60.6% |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 17 Sep 2021 | Split | 0.1000 | Each share became 10. |
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.
Company details
- NSE symbol
- CESC
- BSE code
- 500084
- ISIN
- INE486A01021
- Industry
- Power
- Website
- www.cesc.co.in
- CIN
- L31901WB1978PLC031411
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1978
- Registered office
- CESC House, Chowringhee Square, Kolkata 700001, West Bengal
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
In Nifty 500, BSE 500, Nifty Smallcap 250, BSE 250 SmallCap Index, Nifty Smallcap 100, BSE SmallCap