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Integrated electricity generator and distributor for Kolkata (RPG Group), also expanding distribution licences elsewhere in India.
Integrated electricity generator and distributor for Kolkata (RPG Group), also expanding distribution licences elsewhere in India.
Earns under tariffs approved by the state electricity regulator, which let it recover costs and earn an allowed return, so profit depends on regulatory orders and fuel-cost pass-through. Power distribution in Greater Noida and renewable-energy projects are its newer growth lines. The RP-Sanjiv Goenka Group controls it.
Moat: wide (regulatory licence, installed base, scale). A rare private integrated generation-and-distribution licence for Kolkata is a durable regulated monopoly.
Headquarters: Kolkata, India · Founded: 1978 · Employees: 5,289
Size CESC (CESC.NS) is an India Utilities company (Electric Utilities) with a market value of $1.77B, the 402nd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹126.25 on 6 Nov 2026.
Performance Over six months the shares fell 32.4%, against -19.8% for the median peer and 0.0% for the India market (cap-weighted) — 3rd lowest of 20 in its peer set.
Growth Revenue grew 8.7% over the last twelve months (peer median +0.4%); the operating margin is 12.0% (peer median 7.7%).
Valuation It trades at 9.9× forward earnings against a peer median of 14.7× (4th cheapest of 13).
Capital Return on invested capital runs 1.4 points above its cost of capital (11.5% WACC).
Next results Next results expected around 14 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹189B | ₹185B | ₹169B | ₹152B | ₹142B |
| Revenue growth | — | +9% | +11% | +7% | — |
| Gross profit | ₹44.9B | ₹35.4B | ₹26.7B | ₹21.1B | ₹22.7B |
| EBITDA | ₹34.8B | ₹35.6B | ₹27.8B | ₹23.7B | ₹21.3B |
| Net income | ₹15.5B | ₹15.4B | ₹13.7B | ₹13.8B | ₹13.4B |
| Free cash flow | n/a | -₹12.3B | -₹5.11B | ₹4.10B | ₹2.34B |
| Capital expenditure | n/a | ₹39.2B | ₹18.6B | ₹7.71B | ₹6.96B |
| Total debt | n/a | ₹217B | ₹180B | ₹145B | ₹143B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| CESC CESC.NS | $1.77B | -32% | +9% | 12% | 9.9× | n/a |
| Tata Power TATAPOWER.NS | $11.9B | -20% | -4% | 13% | 25.0× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CESC.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.8% | -4.9% | 10th highest of 21 |
| 6-month return | -32.4% | -19.8% | 3rd lowest of 20 |
| Distance from 52-week high | -38.3% | -38.4% | 11th highest of 21 |
| Revenue growth (TTM) | +8.7% | +0.4% | 5th highest of 21 |
| Operating margin | 12.0% | 7.7% | 8th highest of 21 |
| Forward P/E | 9.9× | 14.7× | 4th cheapest of 13 |
| ROIC minus cost of capital | +1.4 pp | -0.5 pp | 4th highest of 21 |
| EV / EBITDA | 4.8× | 8.5× | 2nd cheapest of 7 |
| Net debt / EBITDA | 4.6× | 2.3× | 2nd most indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| CESC CESC.NS | India | $1.77B | -32% | +9% | 12% | 9.9× | n/a | n/a |
| Beijing Jingneng Clean Energy 0579.HK | Hong Kong | $1.74B | -27% | -1% | 18% | 4.7× | -1.0% | +3.5% |
| Chongqing Three Gorges Water Conservancy and Electric Power 600116.SS | China | $1.73B | -8% | +4% | 6% | 18.8× | -2.5% | +14.1% |
| Datang Huayin Electric Power 600744.SS | China | $1.83B | -30% | -10% | 6% | n/a | n/a | n/a |
| Romande Energie REHN.SW | Switzerland | $1.68B | -1% | +2% | 8% | 15.1× | 7.4% | +7.2% |
| Guangdong Baolihua New Energy Stock 000690.SZ | China | $1.87B | +9% | +1% | 14% | 11.1× | -11.6% | +3.9% |
| Central Puerto SA Sponsored ADR CEPU | United States | $1.64B | -29% | +51% | 29% | 5.0× | -5.0% | +10.3% |
| Dynagreen Environmental Protection 601330.SS | China | $1.63B | -4% | +11% | 31% | 14.8× | -3.5% | +9.2% |
| Nava NAVA.NS | India | $1.59B | -26% | +9% | 29% | n/a | 19.8% | +11.0% |
| CHN Energy Changyuan Electric Power 000966.SZ | China | $1.99B | -16% | -9% | 1% | 22.4× | 6.6% | +6.2% |
| Chongqing Fuling Electric Power Industrial 600452.SS | China | $2.00B | -25% | -7% | 17% | 22.9× | 3.6% | +2.4% |
| Jiangsu New Energy Development 603693.SS | China | $1.56B | -21% | -3% | 35% | 20.9× | 0.7% | +6.1% |
| HCIG Energy Investment 000600.SZ | China | $2.01B | -31% | -12% | 9% | 11.1× | n/a | n/a |
| Harbin Hatou Investment 600864.SS | China | $1.56B | -18% | 0% | -17% | n/a | -17.2% | -3.8% |
| Henan Yuneng 001896.SZ | China | $2.14B | -39% | -6% | 5% | n/a | n/a | n/a |
| Vedanta Power VEDPOWER.NS | India | $1.46B | n/a | +5% | -13% | n/a | n/a | n/a |
| Hawaiian Electric Industries HE | United States | $1.45B | -43% | +2% | 11% | 5.2× | n/a | n/a |
| Huadian Liaoning Energy Development 600396.SS | China | $2.23B | +2% | 0% | 8% | n/a | n/a | n/a |
| MVV Energie MVV1.DE | Germany | $2.23B | +1% | -8% | 4% | n/a | n/a | n/a |
| Jinneng Holding Shanxi Electric Power 000767.SZ | China | $1.40B | -20% | -6% | 6% | n/a | 2.5% | +5.6% |
| Xinjiang Tianfu Energy 600509.SS | China | $1.40B | -16% | +9% | 7% | 14.7× | -4.3% | +11.5% |