CESC Limited (CESC) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of CESC Limited ₹133, price ₹132, upside +1.4%, quality 46 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? No
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CESC Limited
CESC · BSELow PriorityFair Value upside is limited and quality is weak.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ₹56.91 – ₹198.85 · fair‑value band ₹63.68 – ₹237.05 · the ₹131.50 price screens below the ₹133.34 fair value. Dashed = 300-day average. As of Sep 24, 2026.
Company profile
CESC Limited, an integrated electrical utility company, engages in the generation and distribution of electricity in India.
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CESC Limited, an integrated electrical utility company, engages in the generation and distribution of electricity in India. It owns and operates two thermal power plants, including Budge Budge and Southern generating stations generating 1125 megawatts (MW) of power; a thermal power project with a capacity of 600 MW in Haldia, West Bengal; two thermal power projects with a capacity of 600 MW in Chandrapur, Maharashtra and 40 MW atmospheric fluidised bed combustion power plant in Asansol, West Bengal; and distributes power in Uttar Pradesh. The company also owns and operates solar power projects with a capacity of 18 MW data center in Ramanathapuram, Tamil Nadu. It serves domestic, industrial, commercial, and other users. CESC Limited was founded in 1899 and is headquartered in Kolkata, India.
Stock analysis
CESC Limited (CESC) currently trades at ₹131.50, while our model-based Fair Value estimate is ₹133.34, so the stock looks roughly fairly valued today (gap 1.4%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹196.79 per share, and 13 of the 24 models we run sit above the ₹131.50 price.
Bear case: the Asset-Based group reads lowest at ₹63.33, and 11 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹63.68 (bear) to ₹237.05 (bull), the price of ₹131.50 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 46/100 (below-average quality), in the Utilities sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
CESC Limited reported revenue of ₹186B in FY2026 versus ₹125B in FY2022, a compound +10.3%/yr. Reported net income was ₹15.4B in FY2026, compounding +3.2%/yr from FY2022.
Key figures
Market cap ₹223B (≈ $2.3B) · P/E ratio 12.0 · P/S ratio 1.00 · EPS (TTM) ₹10.94 · Dividend yield 4.6% · Net margin 8.3% · Return on equity 11.7% · Return on assets (EBIT) 6.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (medium confidence).
What moves the price
The share trades about 34% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −31% fair-value upside, at 1%, CESC screens cheaper than that median.
Fair Value models
All 24 models by family
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Set up alert →Quality Score breakdown
Of which business quality 44 · Market factors (momentum, volatility) 37
Revenue & earnings trend
Growth Forecast
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Compare CESC Limited with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Utilities - Regulated Electric · 155 stocks
Valuation Multiplesvs Utilities - Regulated Electric median · lower = cheaper
Context: sector, industry, market
- Is the Utilities sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Utilities
- Undervalued stocks: Indian Stocks
- Valuation of the India market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Utilities - Regulated Electric stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| NextEra Energy, Inc NEE | $75.74 | $29.97 | −60% |
| The Southern Company SO | $82.89 | $57.57 | −31% |
| Duke Energy Corporation DUK | $113.41 | $74.88 | −34% |
| American Electric Power Company AEP | $118.64 | $100.03 | −16% |
| Dominion Energy, Inc D | $60.76 | $37.84 | −38% |
| Entergy Corporation ETR | $98.10 | $37.37 | −62% |
| Xcel Energy Inc XEL | $69.39 | $54.92 | −21% |
| Exelon Corporation EXC | $40.32 | $36.01 | −11% |
| Consolidated Edison, Inc ED | $103.33 | $47.76 | −54% |
| PG&E Corporation PCG | $12.34 | $17.85 | +45% |
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Key figures of CESC Limited
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