CESC Ltd., incorporated in the year 1978, is a Mid Cap company (having a market cap of Rs 10074.34 Crore) operating in Power sector.
CESC Ltd. key Products/Revenue Segments include Electricity and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
Investment Rationale
Accordingly, the brokerage revises TP downward to INR108 (vs INR113 earlier). However, it retains BUY rating on CESC as the company continue to trade at an attractive valuation of 6.6xFY25P/E and 0.7xFY25 P/BV.
Promoter/FII Holdings
Promoters held 52.11 per cent stake in the company as of 30-Jun-2022, while FIIs owned 13.93 per cent, DIIs 21.34 per cent.
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