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Intrinsic value · Buy/Sell verdict · scores — free· 1049 Indian stocks· EOD 2026-07-29

CESC Limited

CESCNSEUtilities
₹164.12
+0.24 (+0.15%)
Sell

Valuation (92/100) does the heavy lifting; momentum (20/100) is the drag.

Buy zoneSolvency risk
The bottom line

CESC Limited earns a Sell from StocksWizard, with a blended score of 40/100. At ₹164.12 it trades below our blended DCF and relative-multiples fair value of ₹217.18, about 32% upside to that estimate — we read it as undervalued by 32%. On 14.6x trailing earnings it sits roughly in line with the Utilities median of about 15.2x. The price is about 17% below its 52-week high of ₹198.72 and 17% above the low of ₹140.43. Financial health scores 4/100, in the distress band on the Altman Z-score, with a Piotroski F-score of 4/9. The average analyst target of ₹214.27 implies about 31% upside across 11 analysts. It clears 3 of 13 investability checks, with durability 34, valuation 83 and momentum 20 on our 0–100 scales.

Analysis by Ankit Sharma · StocksWizard's own estimates from end-of-day public data — see how we calculate them. For information only, not investment advice.

Intrinsic value
Our fair value
₹217.18up 32.33%
Undervalued by 32%
Price ₹164.12Range ₹107.28₹274.74
DCF + relative blendhigh confidence

With a 20% margin of safety, our buy-below price is ₹173.74.

Analyst views

11 analysts10 buy · 0 hold · 1 sell
12-month consensus target₹214.27up 30.56%

1-year price

EOD · 2026-07-29
1D
up 0.15%
1W
down 0.19%
1M
down 2.78%
3M
down 12.48%
6M
up 16.86%
1Y

52-week range

-17.41% from the 52-week high.

Trend check
Below 50-DMA₹170Below 200-DMA₹167

Price above both moving averages reads as an intact uptrend; below both, the trend is against you.

Verdict pillars

Sell40
F
Financial health 4/100
Altman Z 1.16 · Distress zone

Piotroski F-score 4/9 — quality of earnings & balance sheet.

Our scores

Durability34
Valuation83
Momentum20

Durability rewards strong, low-debt, profitable businesses; Valuation rewards stocks cheap vs their sector; Momentum rewards strong price trends.

Investability checklist

Passed 3 of 13 checks
Each check screens one fundamentals, valuation or trend signal.
  • Fail: ROE above 15%: 12.5%
  • Fail: Low debt (D/E < 0.5): 1.64x
  • Fail: Positive free cash flow
  • Fail: Revenue growth > 10%: 6%
  • Pass: Earnings growing: 18%
  • Fail: Net margin ≥ 10%: 8.3%
  • Fail: Current ratio > 1.5: 0.92
  • Pass: Below our fair value
  • Pass: Margin of safety ≥ 20%
  • Fail: Above 200-day average
  • Fail: Above 50-day average
  • No data: Positive 1-year return
  • Fail: Altman Z in safe zone: Z 1.16
  • Fail: Piotroski ≥ 7: 4/9

Quarterly results

Revenue · 1Q2026
₹4,096 Cr
Net profit
₹439 Cr
Margin
11%
2Q2025
3Q2025
4Q2025
1Q2026
Revenue Net profitLatest revenue QoQ +2%

Annual financials

Revenue · 2026
₹18,570 Cr
Net profit
₹852 Cr
Margin
5%
2023
2024
2025
2026
Revenue Net profitLatest revenue YoY +94%

Shareholding

  • Promoter6.3%
  • Institutions76.7%
  • Public & other17.0%

Promoter holding via insider stake; institutional via reported holdings.

Key fundamentals

Market cap
₹22,455 Cr
P/E ratio
14.6
P/B ratio
1.79
EPS (TTM)
₹11.64
ROE
12.5%
Debt / Equity
1.64x
Profit margin
8.3%
Free cash flow
₹-971 Cr
52-week high
₹198.72
-17.41% from high
52-week low
₹140.43
Dividend yield
3.5%
Beta
0.32
SWOT snapshot

Bull case vs bear case

Bull case

Opportunities

  • Earnings growing (18% YoY).
  • Trading in our value buy zone versus sector peers.
  • Trades ~32% below our estimated fair value.

Bear case

Weaknesses

  • High debt relative to equity.
  • Price below its 200-day moving average (downtrend).

Threats

  • Balance-sheet stress — Altman Z 1.16.

About CESC Limited

CESC Limited generates and distributes electricity in India through thermal, solar, and wind power plants. Its generation assets include thermal stations at Budge Budge (750 MW) and Southern (135 MW), an atmospheric fluidized bed combustion plant in Asansol (40 MW), a solar project in Bhadla, Rajasthan (300 MW), and a wind facility (450 MW).

CESC Limited — frequently asked questions

Is CESC Limited a buy, hold or sell?

StocksWizard currently rates CESC Limited (CESC) a Sell, based on a blended score of 40/100 across valuation, quality, momentum and price trend. This is our own model-based view, not investment advice.

What is CESC Limited's fair value?

Our blended DCF and relative-valuation model estimates CESC Limited's fair value at about ₹217.18, versus a current price of ₹164.12 — roughly 32% upside. On that basis the stock looks undervalued by 32%.

Is CESC Limited financially healthy?

CESC Limited scores 4/100 on our financial-health model, placing it in the distress band on the Altman Z-score, with a Piotroski F-score of 4/9.

How has CESC Limited's share price performed?

CESC Limited is down 12% over three months, and last traded at ₹164.12. Past performance doesn't predict future returns.

Our verdict, fair value, financial-health and checklist are StocksWizard's own estimates, computed from public end-of-day data using standard models (DCF, relative valuation, Altman Z, Piotroski). For information only — not investment advice or a recommendation. Verify independently before investing.