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CESC Consensus Forecast
No. of reports in last year
5
No. of analysts
2
Average Consensus Forecast
628.2
Consensus Potential
59.68%
CESC Price Target Potential
| Brokerage | Target | Potential |
|---|---|---|
| Sharekhan | 105 | 11.86% |
| HDFC Securities | 109 | 15.09% |
CESC Ratings
Long term CESC rating by FrontPage users
- ★★
- ★★
- ★★
- ★★
- ★★
4.6/5 (5 Ratings)
5 CESC share price target reports by brokerages below. See what is analyst's view on CESC share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
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CESC Share Price Target
CESC Share Price Target - Broker Reports - 2022
Sharekhan
13-Jan-22
Price @ Call: 92
Target: 105
BUY
CESC Share Price Target - Broker Reports - 2021
HDFC Securities
12-Nov-21
Price @ Call: 91
Target: 109
BUY
HDFC Securities
12-Aug-21
Price @ Call: 756
Target: 1011
BUY
Sharekhan
12-Aug-21
Price @ Call: 756
Target: 905
BUY
HDFC Securities
18-Jun-21
Price @ Call: 764.25
Target: 1011
BUY
Motilal Oswal
13-Jan-21
Price @ Call: 673.19
Target: 873
BUY
ICICIdirect.com
14-Jan-21
Price @ Call: 673.19
Target: 727
HOLD
CESC Share Price Target - Broker Reports - 2019
Motilal Oswal
14-Nov-19
Price @ Call: 759.31
Target: 957
BUY
Dhariwal has signed a PPA with Maharashtra for 170MW supply of power from Nov’19 for a one-year period. We expect performance of DFs to also improve as it gains better understanding of the circles and leverages its experience in Kolkata. CESC’s existing distribution business is high RoE and is delivering steady growth. Generation assets are generating healthy FCF. Untied generation capacity and scale-up of DFs have a potential to boost earnings. The stock trades attractively at ~8x FY21E P/E even as visibility of earnings at Dhariwal and DFs improve, and factoring in the tightening of norms at Haldia and S/A. We roll forward and value the stock at 10x 1-year forward P/E at INR957/share. Maintain Buy.
AUM Capital
20-Sep-19
Price @ Call: 831.28
Target: 950
BUY
CESC’s continuous upgradation of its distribution infrastructure helps it to maintain and enhance the quality and reliability of supply as well as to reduce downtime, overloads and management of distribution loses. The Company is also executing special projects to upgrade its distribution network and enhance itscapacity. CESC’s expansion plans through acquisition would boost up the earnings. At the CMP of Rs. 802.05, the stock trades at ~8 times FY21 EPS of Rs. 95. Hence, we recommend a BUY on the stock with a Target Price of Rs. 950 with an upside potential of ~18% from the current level with an investment horizon of 9-12 months.
ICICIdirect.com
16-Aug-19
Price @ Call: 796.44
Target: 845
HOLD
The company has relatively remained immune to the woes of the power sector in the last five to six years given it did not aggressively expanded generation capacities, the same is reflected in the stock price action. The stock is trading at 8.5x FY21E, which is reasonable given it does not have significant growth plans barring its attempt to scale up the distribution business which will take time to show meaningful gains. Given lack of significant growth triggers, we continue to value the stock at 9x DFY21E EPS and maintain our target of Rs 845/share and rate the stock as HOLD.
Sharekhan
21-Aug-19
Price @ Call: 776.95
Target: 905
BUY
Maintain Buy with unchanged SoTP-based PT of Rs.905:
We have marginally lowered our FY2020 earnings estimates to factor higher other expenses, depreciation and interest costs while maintaining our FY2021 earnings estimates. We expect a gradual re-rating for CESC given: 1) steady earnings contribution from the standalone business and 2) turnaround of Dhariwal Infrastructure and 3) moderation of losses at the Rajasthan distribution franchisee (led by lower T&D losses). Hence, we maintain our Buy rating on CESC with unchanged SoTP-based price target of Rs. 905. At current market price, the stock is trading at an attractive valuation of 9.1x FY2021E EPS and 0.9x FY2021E book value on a standalone basis.
We have marginally lowered our FY2020 earnings estimates to factor higher other expenses, depreciation and interest costs while maintaining our FY2021 earnings estimates. We expect a gradual re-rating for CESC given: 1) steady earnings contribution from the standalone business and 2) turnaround of Dhariwal Infrastructure and 3) moderation of losses at the Rajasthan distribution franchisee (led by lower T&D losses). Hence, we maintain our Buy rating on CESC with unchanged SoTP-based price target of Rs. 905. At current market price, the stock is trading at an attractive valuation of 9.1x FY2021E EPS and 0.9x FY2021E book value on a standalone basis.
Edelweiss
14-Aug-19
Price @ Call: 759.48
Target: 880
BUY
CESC’s rich experience in the distribution space along with healthy FCF generationfrom regulated business positions it well to expand the DF business. T&D loss reduction in Kota and Malegaon circles will be key to watch for. Further, Dhariwal PPA tie up for the balance open capacity remains another key monitorable. The stock is trading at FY20/21E P/B of 1.0/0.9x at the consolidated level. We maintain ‘BUY’ with TP of INR880.
Sharekhan
1-Jul-19
Price @ Call: 789.43
Target: 905
BUY
Valuation - Maintain Buy with revised SoTP-based PT of Rs. 905: We see scope for gradual re-rating in CESC led by steady earnings contribution from the standalone business, turnaround of Dhariwal Infrastructure (improved PLF of 61.4% in FY2019 versus 45% in FY2018) and a reduction in losses at the Rajasthan distribution franchisee (led by lower T&D loss). We, thus maintain our Buy rating on CESC with a revised SoTP-based price target of Rs. 905 (increased on account of higher valuation multiple for Dhariwal Infrastructure and DF given reducing losses). At CMP, the stock is trading at reasonable valuation of 9x FY2021E earnings per share (EPS) and 0.9 times on FY2021E book value on standalone basis.
Sharekhan
22-May-19
Price @ Call: 718.75
Target: 860
BUY
Considering the ongoing peak summer season coupled with the general elections in India, we believe that the power demand across the country is expected to remain robust. Based on the standalone performance reported during FY2019, wehave fine tuned our numbers for FY2020 andintroduce FY2021E numbers. Subdued power demand off-take coupled with delay in tie-up of the remaining capacity at Chandrapur might have a bearing on the company’s performance. However we remain positive on the stock and maintain our Buy rating with revised PT of Rs 860.
Motilal Oswal
20-May-19
Price @ Call: 714.01
Target: 841
BUY
Generation assets are creating healthy FCF. Untied generation capacity and scale-up of DFs have the potential to boost earnings. Dividend payout has increased ~1.5x to INR17.5/share in FY19 on strong FCF generation. We have raised consol. PAT est. by 5%/2% for FY20/21E on lower losses at DFs. The stock trades attractively at ~8x/7x FY20/21E P/E even as visibility of earnings at Dhariwal and DFs improve. Our estimates are building in tightening of norms at Haldia and S/A. We value the stock at 10x FY20E P/E at INR841/share. Re-iterate Buy.
ICICIdirect.com
20-May-19
Price @ Call: 661.3
Target: 845
BUY
The stock is currently trading at inexpensive valuations of 8x and 7.6x P/E on FY20E and FY21E EPS. We believe that in the medium term the current valuations will sustain given the cash flow generation will be used to reward shareholders as the company increased the payout ratio in FY19 as other cash flow guzzlers have already been demerged. A further scale up of distribution business and reduced losses at Chandrapur can rerate the stock. We maintain our BUY rating with a target price of Rs 845 per share.
IIFL
5-Apr-19
Price @ Call: 732.34
Target: 900
BUY
ICICIdirect.com
7-Feb-19
Price @ Call: 726.85
Target: 800
BUY
Motilal Oswal
6-Feb-19
Price @ Call: 685
Target: 800
BUY
CESC Share Price Target - Broker Reports - 2018
Motilal Oswal
28-Dec-18
Price @ Call: 678.11
Target: 801
BUY
ICICIdirect.com
16-Oct-18
Price @ Call: 903.95
Target: 1130
BUY
Motilal Oswal
12-Oct-18
Price @ Call: 901.93
Target: 1077
BUY
Indiabulls Ventures
21-Aug-18
Price @ Call: 938.1
Target: 1110
BUY
Edelweiss
27-Jul-18
Price @ Call: 934.4
Target: 1231
BUY
ICICIdirect.com
27-Jul-18
Price @ Call: 934.4
Target: 1130
BUY
Motilal Oswal
27-Jul-18
Price @ Call: 912.6
Target: 1292
BUY
Sharekhan
25-May-18
Price @ Call: 1013.31
Target: 1165
BUY
Edelweiss
25-May-18
Price @ Call: 1013.31
Target: 1231
BUY
Motilal Oswal
24-May-18
Price @ Call: 1008.75
Target: 1407
BUY
Motilal Oswal
4-May-18
Price @ Call: 1033.25
Target: 1440
BUY
IIFL
2-Apr-18
Price @ Call: 960.65
Target: 1270
BUY
Motilal Oswal
8-Feb-18
Price @ Call: 993.86
Target: 1408
BUY
CESC Share Price Target - Broker Reports - 2017
Motilal Oswal
22-Nov-17
Price @ Call: 1016.35
Target: 1360
BUY
Choice Equity Broking
13-Nov-17
Price @ Call: 1016
Target: 1160
BUY
Motilal Oswal
9-Nov-17
Price @ Call: 988.05
Target: 1360
BUY
Kotak Securities
8-Sep-17
Price @ Call: 1048.5
Target: 1211
BUY
IIFL
5-Sep-17
Price @ Call: 1037.35
Target: 1270
BUY
HDFC Securities
4-Sep-17
Price @ Call: 1036.5
Target: 1238
BUY
Sharekhan
3-Sep-17
Price @ Call: 1041.71
Target: 1165
BUY
ICICIdirect.com
14-Aug-17
Price @ Call: 920
Target: 1100
BUY
Edelweiss
22-May-17
Price @ Call: 884
Target: 910
BUY
HDFC Securities
22-May-17
Price @ Call: 878
Target: 1069
BUY
Kotak Securities
19-May-17
Price @ Call: 849.25
Target: 890
ADD
Motilal Oswal
10-Feb-17
Price @ Call: 841
Target: 970
BUY
Edelweiss
15-Feb-17
Price @ Call: 847
Target: 935
BUY
ICICIdirect.com
13-Feb-17
Price @ Call: 855
Target: 900
BUY
CESC Share Price Target - Broker Reports - 2016
Edelweiss
24-May-16
Price @ Call: 561
Target: 623
BUY
IIFL
30-Dec-16
Price @ Call: 637.1
Target: 750
BUY
ICICIdirect.com
14-Dec-16
Price @ Call: 629
Target: 675
HOLD
HDFC Securities
12-Dec-16
Price @ Call: 623
Target: 721
BUY
JM Financial
20-Sep-16
Price @ Call: 640.95
Target: 660
HOLD
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CESC Peer Stocks - Share Price Targets
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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