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CESC - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.4

Last Updated Time : 04 May 26, 11:57 am

Fundamental Rating: 3.4

Stock Code CESC Market Cap 24,858 Cr. Current Price 188 ₹ High / Low 195 ₹
Stock P/E 29.4 Book Value 77.2 ₹ Dividend Yield 3.20 % ROCE 9.95 %
ROE 7.97 % Face Value 1.00 ₹ DMA 50 165 ₹ DMA 200 163 ₹
Chg in FII Hold -0.27 % Chg in DII Hold 0.63 % PAT Qtr 176 Cr. PAT Prev Qtr 242 Cr.
RSI 76.0 MACD 8.76 Volume 25,59,075 Avg Vol 1Wk 51,46,187
Low price 138 ₹ High price 195 ₹ PEG Ratio -94.7 Debt to equity 1.12
52w Index 86.9 % Qtr Profit Var 2.33 % EPS 6.39 ₹ Industry PE 30.5

📊 CESC Ltd (CESC) shows moderate fundamentals with ROCE at 9.95% and ROE at 7.97%, reflecting limited efficiency. Debt-to-equity at 1.12 highlights high leverage, raising financial risk. EPS of 6.39 ₹ supports profitability, but quarterly PAT declined from 242 Cr. to 176 Cr., showing earnings pressure. Dividend yield of 3.20% adds income appeal. Valuations are fair with a P/E of 29.4 vs industry average of 30.5, though PEG ratio of -94.7 indicates poor growth alignment. Overall, CESC’s utility-based business model provides stable cash flows, but high debt and weak efficiency metrics limit upside potential.

💡 Entry Zone: 160–170 ₹ (near DMA 200 support).

📈 Long-Term Holding Guidance: Suitable for cautious investors seeking dividend yield and defensive exposure. Accumulate gradually near support zones and hold for 18–24 months, with partial profit booking near 190–195 ₹ if momentum sustains.

✅ Positive

  • Dividend yield of 3.20% provides stable income.
  • Valuation fair with P/E (29.4) close to industry average (30.5).
  • DII holdings increased (+0.63%), showing domestic institutional support.

⚠️ Limitation

  • High debt-to-equity ratio (1.12) raises financial risk.
  • Weak ROCE (9.95%) and ROE (7.97%).
  • Negative PEG ratio (-94.7) highlights poor growth prospects.
  • Quarterly PAT decline (242 Cr. → 176 Cr.) reflects earnings pressure.

📉 Company Negative News

  • FII holdings declined (-0.27%), showing reduced foreign investor confidence.
  • High leverage continues to weigh on fundamentals.

📈 Company Positive News

  • DII holdings increased (+0.63%), reflecting domestic support.
  • Dividend yield remains attractive for income-focused investors.
  • Stock trading above DMA 50 and DMA 200, showing technical strength.

🏭 Industry

  • Power and utility sector provides stable demand and defensive exposure.
  • Industry P/E at 30.5 highlights moderate valuations, in line with CESC’s pricing.

🔎 Conclusion

⚖️ CESC Ltd offers fair valuations and stable dividend yield but suffers from high debt and weak efficiency metrics. Entry near 160–170 ₹ provides a favorable risk-reward setup. Best suited for cautious long-term investors seeking defensive exposure, with profit booking near 190–195 ₹ if resistance levels are tested.

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