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India
As of 18 Sept 2026, 03:30 pm
On September 13, 2026, a fire occurred at CESC Limited's Panihati Distribution Sub-station. There were no casualties or injuries. The company restored approximately 80% of the power supply within two hours and 100% within three and a half hours. Insurers have been notified about damage to plant and machinery, and an investigation is ongoing to determine the cause and enhance preventive measures.
CESC Limited's Board of Directors is scheduled to consider a proposal for issuing secured, unlisted, redeemable, rated non-convertible debentures on September 22, 2026. This was formally communicated to the National Stock Exchange and BSE Limited on September 17, 2026.
As of September 18, 2026, CESC's stock has experienced negative returns across various periods, including -0.16% in the last month, -0.14% in the last year, and -0.15% year-to-date. Daily technical indicators show a closing price of ₹141.53, with the SuperTrend indicator in a bearish direction at ₹153.09. Monthly indicators, however, show a bullish SuperTrend direction at ₹109.8, with a closing price of ₹141.53.
As of September 18, 2026, key technical levels for CESC include support at ₹140.56 (0.69% below current price) and resistance at ₹141.88 (0.25% above current price). Further resistance levels are noted at ₹142.89 and ₹143.79.
As of 18 Sept 2026, 03:30 pm
Recent drawdown or price variability is high enough to warrant closer monitoring.
Primary driver: Price remains materially below a previous peak
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
The session opened materially above the previous close, indicating a sharp repricing at the open.
The move may reflect new information; subsequent price follow-through is worth monitoring.
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Latest complete financial results for Q4 FY2026 and comparative quarterly trends.
| Metric | Q4 FY2025-26(Latest) | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 | Q4 FY2024-25 |
|---|---|---|---|---|---|
| Revenue From Operations | ₹4,096 crore | ₹4,005 crore | PEAK₹10,469 crore | ₹5,202 crore | ₹3,877 crore |
| Finance Costs | ₹317 crore | ₹343 crore | PEAK₹700 crore | ₹363 crore | ₹335 crore |
| Other Expenses | ₹540 crore | ₹508 crore | PEAK₹1,137 crore | ₹613 crore | ₹610 crore |
| Profit Before Tax | ₹653 crore | ₹385 crore | PEAK₹1,073 crore | ₹508 crore | ₹466 crore |
| Tax Expense | ₹194 crore | ₹81 crore | PEAK₹224 crore | ₹104 crore | ₹81 crore |
| Profit Loss For Period | ₹459 crore | ₹304 crore | PEAK₹849 crore | ₹404 crore | ₹385 crore |
In the fourth quarter of FY2025‑26, CESC reported profit before tax of ₹653 crore, up 40% from the same quarter last year. Revenue from operations grew 5.7% to ₹4,096 crore. The profit improvement was helped by a decline in finance costs and other expenses, while other income of ₹531 crore contributed heavily to the bottom line.
Other income stood at ₹531 crore, a substantial amount relative to revenue from operations. It accounted for approximately 81% of profit before tax, making it a key component of quarterly earnings.
Basic and diluted earnings per share from continuing operations were both ₹3.31, compared with ₹2.15 in Q3 and ₹2.81 in Q4 last year. No dilutive instruments were outstanding, as basic and diluted EPS are equal. There were no discontinued operations during the period.
CESC’s fourth‑quarter profit before tax increased sharply, supported by modest revenue growth, lower finance costs, and a large contribution from other income. Lower other expenses and reduced finance costs helped boost earnings, while quarterly revenue patterns remained uneven.
Exchange disclosures and regulatory announcements for CESC.
CESC Limited filed an investor presentation on September 18, 2026, outlining its Vision 2030 plan to double profit and expand ROE by 400 bps. The company reported consolidated FY26 revenue of ₹18,927 crore (up 9% YoY) and EBITDA of ₹4,707 crore (up 9% YoY). CESC is targeting 10 GW of renewable capacity, with 4.8 GWp contractual capacity including a 1,411 MWp solar portfolio acquisition from ReNew Solar Power expected to close by October 31, 2026. The company also plans a 3 GW solar cell and module manufacturing facility in Noida by 2027, with a committed capex of over ₹26,000 crore.
On September 18, 2026, CESC Limited fully redeemed its Commercial Paper (ISIN: INE486A14GD7) with a face value of Rs 5,00,000 per unit across 4,000 units. The redemption was executed on the maturity date of September 18, 2026, and the payment was made on the same day. This disclosure was submitted to the National Stock Exchange of India pursuant to SEBI's Operational Circular No. SEBI/HO/DDHS/P/CIR/2021/613.
CESC Limited's Board of Directors is scheduled to consider a proposal for issuing secured, unlisted, redeemable, rated non-convertible debentures at a meeting on September 22, 2026. The company formally notified the National Stock Exchange and BSE Limited of this upcoming consideration via a letter dated September 17, 2026, signed by Company Secretary Jagdish Patra.
Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal
On September 13, 2026, a fire incident occurred at CESC Limited's Panihati Distribution Sub-station, resulting in no casualties or injuries. The company restored approximately 80% of the affected power supply within two hours and 100% within three and a half hours. Insurers have been notified regarding the plant and machinery damage, and an investigation is underway to determine the cause and strengthen preventive measures.
CESC Limited held its 48th Annual General Meeting on September 11, 2026, via video conferencing, chaired by Dr. Sanjiv Goenka. 120 members attended, and all businesses from the May 6, 2026 notice were transacted. The auditors' report on the audited financial statements contained no audit qualifications or adverse remarks.
MEETING DATE : 11-SEP-2026
CESC Limited incorporated two wholly owned subsidiaries, Purvah Nexgen Energy Private Limited and RPSG Nexgen Energy Private Limited, on September 8, 2026, each with a subscribed and paid-up capital of Rs. 1,00,000, to explore opportunities in the renewable power sector.
Recent market and company developments associated with CESC.
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CESC, opinion, MCPro
Comprehensive Section Breakdown for CESC
Strategic Vision: Generates and distributes electricity to a licensed area.
• Sole electricity distributor within a defined licensed area.
• Integrated operations encompassing power generation and distribution.
Revenue from operations in Q4 was ₹4,096 crore, compared with ₹3,877 crore a year earlier and ₹4,005 crore in the preceding quarter. Revenue varied widely during the fiscal year, surging to ₹10,469 crore in the September quarter and then settling closer to the June quarter level of ₹5,202 crore in the later quarters.
Profit before tax rose to ₹653 crore, a 40.1% year‑on‑year increase and a 69.6% sequential rise. The tax charge was ₹194 crore (up from ₹81 crore in both the prior‑year and prior quarters), reflecting an effective tax rate of about 29.7%. Net profit after tax was ₹459 crore, up 19.2% year‑on‑year and 51% sequentially. Overall, profitability margins widened as profit before tax grew faster than revenue.
Cost of materials consumed was the largest expense at ₹2,471 crore, representing roughly 60% of revenue. Employee benefit expense was ₹332 crore, and depreciation amounted to ₹304 crore. Purchases of stock in trade were negligible at ₹10 crore.
Other expenses declined 11.5% year‑on‑year to ₹540 crore, from ₹610 crore, providing a support to profit. Finance costs fell to ₹317 crore, down 5.4% from ₹335 crore a year ago and 7.6% from ₹343 crore in Q3. Finance costs had been volatile earlier in the year, peaking at ₹700 crore in the September quarter, but have since moderated.
Category: Manufacturing
Operates thermal power plants including Budge Budge, Southern, and Haldia, and solar power plants in Gujarat and Tamil Nadu.
Category: B2B Services
Sole distributor of electricity within a licensed area, serving domestic, industrial, and commercial users at various voltage levels.
Core Thesis: The company integrates power generation with a comprehensive distribution network to meet the electricity needs of its licensed service area.
• Integrated Power Generation: Owns and operates thermal power plants and renewable energy sources to fulfill a significant portion of electricity requirements. • Extensive Distribution Network: Manages a multi-voltage level distribution network to supply power to diverse consumer categories. • Online Consumer Services: Provides online services to facilitate seamless access and operation for consumers.