Fortune India 500 2025 edition
Rank#153- Total income
- ₹18,624 Cr
- Profit
- ₹1,369 Cr
Last year #146
Cesc Ltd - energy and power in Kolkata, West Bengal, India. FY 2026 financials & compliance.
Active Listed - NSE: CESC · BSE: 500084 Public Limited Company energy and power Fortune India 500 · #153 India's Most Valuable Nifty 500
Market Cap
₹17,227 Cr
CESC · NSE
Share Price
₹124.76
-4.00% today
Revenue
₹18,570 Cr
FY 2025-26 · +9.2% YoY
EBITDA
₹3,619 Cr
Margin 19.5%
Net Profit
₹1,474 Cr
FY 2025-26 · +10.9% YoY
P/E (TTM)
11.4x
P/B 1.4x
ROE
13.2%
ROCE 10.2%
Debt / Equity
1.62
Interest cover 64.1x
About Cesc Ltd
Data last updated:
Cesc Ltd is a public limited company based in Kolkata, West Bengal, India. It operates in the thermal power generation and plants segment of the energy and power sector. It was incorporated on 28 March 1978 and has been in existence for over 48 years.
Cesc is ranked #153 on the Fortune India 500 (2025). It is part of the Nifty 500 and BSE 500 indices. Its director Sanjiv Goenka and family are #37 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN L31901WB1978PLC031411. Its GSTIN is 19AABCC2903N1ZL (West Bengal). The company holds 2 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 500084 and NSE: CESC.
The company has an authorised share capital of ₹3,156 Cr and a paid-up capital of ₹132.56 Cr. It was formerly known as Saurav Chemicals Private Limited. It is led by directors including Vineet Sikka (Managing Director) and Brajesh Singh (Managing Director).
Its last annual general meeting (AGM) was held on 11 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Cesc House Chowringhee Square, Kolkata, West Bengal, India – 700001.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹18,570 Cr, a growth of 9.2% compared to the previous year. For the same year it recorded a net profit of ₹1,473.75 Cr (net margin 7.9%) and EBITDA of ₹3,619.24 Cr (EBITDA margin 19.5%). The net worth stands at ₹12,530 Cr (up 4.3% YoY). Total assets are valued at ₹38,548 Cr (up 13.4% YoY).
The company has about 6,578 employees on its provident fund (EPFO) records. Its group structure includes 17 subsidiaries and 1 joint venture.
The company is associated with 1 brand: CESC. As per MCA filings, the company has open charges of ₹38,321 Cr and satisfied charges of ₹15,906 Cr on record. Court records list 18,847 cases involving the company, including 3,129 filed by the company and 15,719 filed against it; 1,111 cases are pending. The company has 26 deals on record (21 market trades, 2 qips, 2 secondary share transfers), with disclosed funding of ₹43.34 Cr; the latest was in October 2022. Its 9 peer companies in the Power industry (Thermal Power Plants), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 5 larger and 4 smaller; the largest is Maharashtra State Power Generation Company Limited with revenue of ₹38,334 Cr. The company has 6 MSME Form 1 returns on record between 2022 and 2024, listing 161 overdue payments to 53 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website cesc.co.in.
Company details
CIN L31901WB1978PLC031411
Registration Number 031411
Incorporation Date 28 March 1978
ROC Kolkata
Listing Status Listed - Listed on NSE (CESC); Listed on BSE (500084)
Company Status Active
Date of Last AGM 11 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
CIN history
Cesc has one previous CIN (Corporate Identification Number): U31901WB1978SGC031411. The current CIN is L31901WB1978PLC031411, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L31901WB1978PLC031411 | Current |
| U31901WB1978SGC031411 | Previous |
Recognitions & Rankings of Cesc
India's Most Valuable Companies 2025 edition · Source: Hurun India
- Valuation
- ₹24,860 Cr
2024 #225 2023 #336 2022 #326
India's Richest People 2026 edition · 1 director · Source: Hurun India
- #37 Sanjiv Goenka & family ₹68,800 Cr
Stock market indices
Nifty 500 BSE 500
Contact details
Cesc Ltd's registered office is in Kolkata, West Bengal. Its website is cesc.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressCesc House Chowringhee Square, Kolkata, West Bengal, India – 700001
- IndustryEnergy and Power, Thermal Power Generation & Plants
To see the full contact details of Cesc Ltd, buy the company report.
Comprehensive company report
Cesc Ltd - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Cesc operates one associated brand: CESC. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Electricity generation and distribution are provided in eastern India. | cesc.co.in |
Business activity
The main business activity of Cesc is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Cesc Ltd, buy the company report.
Financials of Cesc Ltd
FY 2025-26 filings availableCesc Ltd reported revenue of ₹18,570 Cr (up 9.2% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹18,570 Cr
+9.2% YoY
EBITDA
₹3,619 Cr
+27.2% YoY
Profit After Tax
₹1,474 Cr
+10.9% YoY
Net Worth
₹12,530 Cr
+4.3% YoY
Total Assets
₹38,548 Cr
+13.4% YoY
Total Debt
₹21,671 Cr
+20.5% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 18,570 | 17,001 | 15,293 | 14,246 | 12,544 | 11,632 | 12,159 |
| Revenue growth | +9.2% | +11.2% | +7.4% | +13.6% | +7.8% | -4.3% | - |
| EBITDA | 3,619 | 2,845 | 2,268 | 2,274 | 3,028 | 3,293 | 3,250 |
| EBITDA margin | +19.5% | +16.7% | +14.8% | +16.0% | +24.1% | +28.3% | +26.7% |
| Profit before tax | 2,119 | 1,783 | 1,683 | 1,739 | 1,915 | 1,752 | 1,768 |
| Net profit | 1,474 | 1,329 | 1,350 | 1,302 | 1,358 | 1,318 | 1,238 |
| Net profit margin | +7.9% | +7.8% | +8.8% | +9.1% | +10.8% | +11.3% | +10.2% |
| EPS (₹) | 11.57 | 10.28 | 10.33 | 10.08 | 10.19 | 99.90 | 95.11 |
| Balance sheet | |||||||
| Total assets | 38,548 | 33,994 | 29,752 | 30,549 | 30,601 | 29,215 | 28,432 |
| Net worth | 12,530 | 12,011 | 11,446 | 10,910 | 10,396 | 9,873 | 9,412 |
| Total debt | 21,671 | 17,978 | 14,544 | 14,263 | 14,961 | 14,277 | 13,991 |
| Cash & bank | 5,572 | 4,042 | 2,711 | 2,588 | 3,249 | 1,858 | 1,979 |
| Net working capital | 5,132 | 4,690 | 3,326 | 3,652 | 4,135 | 2,940 | 2,208 |
| Cash flow | |||||||
| Cash from operations | 4,057 | 2,581 | 2,351 | 1,978 | 2,499 | 2,806 | 3,408 |
| Cash from investing | (3,235) | (3,012) | (564) | (545) | (575) | (1,489) | (466) |
| Cash from financing | 1,205 | 1,337 | (1,642) | (2,457) | (611) | (1,739) | (2,219) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5,485 | 4,096 | 4,005 | 5,267 | 5,202 | 3,877 | 3,561 | 4,700 |
| Revenue growth (YoY) | +5.4% | +5.7% | +12.5% | +12.1% | +7.0% | - | - | - |
| Other income | 254 | 531 | 257 | 156 | 311 | 293 | 396 | 189 |
| EBITDA | 895 | 743 | 779 | 1,061 | 864 | 812 | 610 | 896 |
| EBITDA margin | +16.3% | +18.1% | +19.5% | +20.1% | +16.6% | +20.9% | +17.1% | +19.1% |
| Depreciation | 291 | 304 | 308 | 311 | 304 | 304 | 305 | 295 |
| Interest | 312 | 317 | 343 | 337 | 363 | 335 | 339 | 328 |
| Profit before tax | 546 | 653 | 385 | 569 | 508 | 466 | 362 | 462 |
| Tax | 127 | 194 | 81.00 | 121 | 104 | 81.00 | 80.00 | 89.00 |
| Net profit | 419 | 459 | 304 | 448 | 404 | 385 | 282 | 373 |
| EPS (₹) | 3.03 | 3.31 | 2.15 | 3.23 | 2.92 | 2.81 | 1.99 | 2.67 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 9,732 | 9,584 | 8,606 | 7,973 | 7,294 | 6,921 | 7,836 |
| Revenue growth | +1.6% | +11.4% | +7.9% | +9.3% | +5.4% | -11.7% | - |
| EBITDA | 2,068 | 1,436 | 880 | 1,287 | 1,217 | 1,289 | 1,539 |
| EBITDA margin | +21.3% | +15.0% | +10.2% | +16.1% | +16.7% | +18.6% | +19.6% |
| Profit before tax | 1,125 | 1,062 | 922 | 1,060 | 1,044 | 847 | 1,119 |
| Net profit | 838 | 788 | 758 | 796 | 796 | 801 | 887 |
| Net profit margin | +8.6% | +8.2% | +8.8% | +10.0% | +10.9% | +11.6% | +11.3% |
| EPS (₹) | 6.40 | 6.00 | 5.82 | 6.23 | 6.12 | 61.14 | 68.89 |
| Balance sheet | |||||||
| Total assets | 23,866 | 24,372 | 22,103 | 22,434 | 22,376 | 21,347 | 20,463 |
| Net worth | 9,717 | 9,885 | 9,888 | 9,964 | 9,955 | 9,978 | 10,038 |
| Total debt | 11,145 | 11,677 | 9,583 | 8,422 | 8,491 | 7,433 | 6,453 |
| Cash & bank | 1,536 | 1,008 | 1,134 | 828 | 1,275 | 957 | 1,413 |
| Net working capital | (1,725) | (375) | 217 | 312 | 830 | 159 | 123 |
| Cash flow | |||||||
| Cash from operations | 3,426 | 1,821 | 1,039 | 1,196 | 709 | 810 | 1,282 |
| Cash from investing | (634) | (2,658) | (563) | (380) | (379) | (1,065) | (114) |
| Cash from financing | (2,251) | 605 | (209) | (1,280) | (21.70) | (243) | (440) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,983 | 2,170 | 2,024 | 2,676 | 2,862 | 2,147 | 1,938 | 2,639 |
| Revenue growth (YoY) | +4.2% | +1.1% | +4.4% | +1.4% | +0.1% | - | - | - |
| Other income | 63.00 | 304 | 194 | 107 | 137 | 209 | 371 | 154 |
| Total expenses | 2,415 | 1,778 | 1,612 | 2,078 | 2,333 | 1,686 | 1,676 | 2,130 |
| EBITDA | 568 | 392 | 412 | 598 | 529 | 461 | 262 | 509 |
| EBITDA margin | +19.0% | +18.1% | +20.4% | +22.3% | +18.5% | +21.5% | +13.5% | +19.3% |
| Depreciation | 141 | 170 | 170 | 169 | 169 | 176 | 174 | 169 |
| Interest | 193 | 207 | 217 | 222 | 224 | 216 | 228 | 215 |
| Profit before tax | 297 | 319 | 219 | 314 | 273 | 278 | 231 | 279 |
| Tax | 77.00 | 96.00 | 43.00 | 72.00 | 62.00 | 60.00 | 59.00 | 61.00 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 23 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5,485 | 4,096 | 4,005 | 5,267 | 5,202 | 3,877 | 3,561 | 4,700 |
| Revenue growth (YoY) | +5.4% | +5.7% | +12.5% | +12.1% | +7.0% | - | - | - |
| Other income | 254 | 531 | 257 | 156 | 311 | 293 | 396 | 189 |
| EBITDA | 895 | 743 | 779 | 1,061 | 864 | 812 | 610 | 896 |
| EBITDA margin | +16.3% | +18.1% | +19.5% | +20.1% | +16.6% | +20.9% | +17.1% | +19.1% |
| Depreciation | 291 | 304 | 308 | 311 | 304 | 304 | 305 | 295 |
| Interest | 312 | 317 | 343 | 337 | 363 | 335 | 339 | 328 |
| Profit before tax | 546 | 653 | 385 | 569 | 508 | 466 | 362 | 462 |
| Tax | 127 | 194 | 81.00 | 121 | 104 | 81.00 | 80.00 | 89.00 |
| Net profit | 419 | 459 | 304 | 448 | 404 | 385 | 282 | 373 |
| EPS (₹) | 3.03 | 3.31 | 2.15 | 3.23 | 2.92 | 2.81 | 1.99 | 2.67 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 18,570 | 17,001 | 15,293 | 14,246 | 12,544 | 11,632 | 12,159 |
| Revenue growth | +9.2% | +11.2% | +7.4% | +13.6% | +7.8% | -4.3% | - |
| Other income | 1,260 | 1,623 | 2,008 | 1,585 | 1,020 | 666 | 849 |
| Total expenses | 14,951 | 14,157 | 13,025 | 11,973 | 9,516 | 8,339 | 8,909 |
| Employee cost | 1,654 | 1,300 | 1,275 | 1,260 | 1,216 | 1,194 | 1,253 |
| EBITDA | 3,619 | 2,845 | 2,268 | 2,274 | 3,028 | 3,293 | 3,250 |
| EBITDA margin | +19.5% | +16.7% | +14.8% | +16.0% | +24.1% | +28.3% | +26.7% |
| Depreciation | 1,228 | 1,205 | 1,217 | 878 | 885 | 867 | 848 |
| Interest | 1,532 | 1,479 | 1,377 | 1,241 | 1,248 | 1,340 | 1,484 |
| Profit before tax | 2,119 | 1,783 | 1,683 | 1,739 | 1,915 | 1,752 | 1,768 |
| Tax | 501 | 354 | 236 | 342 | 511 | 389 | 459 |
| Net profit | 1,474 | 1,329 | 1,350 | 1,302 | 1,358 | 1,318 | 1,238 |
| Net profit margin | +7.9% | +7.8% | +8.8% | +9.1% | +10.8% | +11.3% | +10.2% |
| EPS (₹) | 11.57 | 10.28 | 10.33 | 10.08 | 10.19 | 99.90 | 95.11 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 133 | 133 | 133 | 133 | 133 | 133 | 133 |
| Reserves & surplus | 12,397 | 11,877 | 11,312 | 10,777 | 10,263 | 9,740 | 9,278 |
| Shareholders' funds (net worth) | 12,530 | 12,011 | 11,446 | 10,910 | 10,396 | 9,873 | 9,412 |
| Minority interest | 659 | 593 | 540 | 479 | 434 | 396 | 365 |
| Secured loans | 20,833 | 16,791 | 14,247 | 13,849 | 13,872 | 13,631 | 13,025 |
| Unsecured loans | 838 | 1,187 | 297 | 414 | 1,089 | 646 | 966 |
| Total debt | 21,671 | 17,978 | 14,544 | 14,263 | 14,961 | 14,277 | 13,991 |
| Total liabilities | 38,548 | 33,994 | 29,752 | 30,549 | 30,601 | 29,215 | 28,432 |
| Assets | |||||||
| Gross block | 35,394 | 33,989 | 31,902 | 31,151 | 30,461 | 30,620 | 30,072 |
| Net block | 22,840 | 22,847 | 22,131 | 22,826 | 23,216 | 24,197 | 24,739 |
| Capital work in progress | 2,905 | 403 | 175 | 140 | 102 | 134 | 168 |
| Investments | 154 | 59.37 | 56.65 | 76.99 | 460 | 308 | 180 |
| Inventories | 698 | 724 | 878 | 880 | 659 | 598 | 720 |
| Sundry debtors | 2,416 | 2,425 | 2,256 | 2,192 | 2,095 | 2,315 | 1,839 |
| Cash & bank balances | 5,572 | 4,042 | 2,711 | 2,588 | 3,249 | 1,858 | 1,979 |
| Loans & advances | 960 | 1,121 | 746 | 875 | 736 | 658 | 653 |
| Total current assets | 9,646 | 8,313 | 6,592 | 6,535 | 6,740 | 5,428 | 5,191 |
| Total current liabilities | 4,513 | 3,622 | 3,266 | 2,883 | 2,605 | 2,488 | 2,983 |
| Net working capital | 5,132 | 4,690 | 3,326 | 3,652 | 4,135 | 2,940 | 2,208 |
| Total assets | 38,548 | 33,994 | 29,752 | 30,549 | 30,601 | 29,215 | 28,432 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 2,181 | 1,275 | 1,129 | 2,153 | 840 | 1,262 | 539 |
| Net cash from operating activities | 4,057 | 2,581 | 2,351 | 1,978 | 2,499 | 2,806 | 3,408 |
| Net cash from investing activities | (3,235) | (3,012) | (564) | (545) | (575) | (1,489) | (466) |
| Net cash from financing activities | 1,205 | 1,337 | (1,642) | (2,457) | (611) | (1,739) | (2,219) |
| Net change in cash | 2,027 | 906 | 146 | (1,024) | 1,313 | (423) | 723 |
| Closing cash | 5,572 | 4,042 | 2,711 | 2,588 | 3,249 | 1,858 | 1,979 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +9.2% | +11.2% | +7.4% | +13.6% | +7.8% | -4.3% | - |
| EBITDA growth | +27.2% | +25.4% | -0.2% | -24.9% | -8.0% | +1.3% | - |
| PBT growth | +18.8% | +6.0% | -3.2% | -9.2% | +9.4% | -0.9% | -6.6% |
| Net income growth | +10.9% | -1.5% | +3.7% | -4.2% | +3.1% | +6.5% | - |
| Revenue CAGR (3Y) | +9.2% | +10.7% | +9.6% | +5.4% | +5.6% | +4.2% | +13.3% |
| EBITDA CAGR (3Y) | +16.8% | -2.1% | -11.7% | -11.2% | +1.2% | +2.7% | +4.5% |
| Profitability & leverage | |||||||
| Net income margin | +8.7% | +8.4% | +9.5% | +9.8% | +11.2% | +11.7% | +10.8% |
| Return on capital employed | +10.2% | +10.4% | +10.3% | +9.9% | +10.7% | +10.9% | +11.7% |
| Return on net worth | +13.2% | +12.2% | +13.0% | +13.1% | +13.9% | +14.1% | +14.2% |
| Debt / equity | 1.62 | 1.39 | 1.29 | 1.37 | 1.44 | 1.47 | 1.55 |
| Long-term debt / equity | 1.34 | 1.18 | 1.11 | 1.16 | 1.24 | 1.25 | 1.29 |
| Interest cover | 64.07 | 90.24 | 130.93 | 88.95 | 58.22 | 55.24 | 61.77 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.54 | 0.52 | 0.49 | 0.46 | 0.41 | 0.38 | 0.42 |
| Inventory turnover | 26.12 | 21.22 | 17.39 | 18.51 | 19.96 | 17.65 | 17.12 |
| Debtors turnover | 7.67 | 7.26 | 6.88 | 6.65 | 5.69 | 5.60 | 6.80 |
| EPS (₹) | 11.57 | 10.28 | 10.33 | 10.08 | 10.19 | 99.90 | 95.11 |
| Dividend per share (₹) | 6.00 | 4.50 | 4.50 | 4.50 | 4.50 | 45.00 | 20.00 |
| Book value per share (₹) | 94.06 | 90.16 | 85.92 | 81.90 | 78.04 | 741.09 | 706.47 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,983 | 2,170 | 2,024 | 2,676 | 2,862 | 2,147 | 1,938 | 2,639 |
| Revenue growth (YoY) | +4.2% | +1.1% | +4.4% | +1.4% | +0.1% | - | - | - |
| Other income | 63.00 | 304 | 194 | 107 | 137 | 209 | 371 | 154 |
| Total expenses | 2,415 | 1,778 | 1,612 | 2,078 | 2,333 | 1,686 | 1,676 | 2,130 |
| EBITDA | 568 | 392 | 412 | 598 | 529 | 461 | 262 | 509 |
| EBITDA margin | +19.0% | +18.1% | +20.4% | +22.3% | +18.5% | +21.5% | +13.5% | +19.3% |
| Depreciation | 141 | 170 | 170 | 169 | 169 | 176 | 174 | 169 |
| Interest | 193 | 207 | 217 | 222 | 224 | 216 | 228 | 215 |
| Profit before tax | 297 | 319 | 219 | 314 | 273 | 278 | 231 | 279 |
| Tax | 77.00 | 96.00 | 43.00 | 72.00 | 62.00 | 60.00 | 59.00 | 61.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 9,732 | 9,584 | 8,606 | 7,973 | 7,294 | 6,921 | 7,836 |
| Revenue growth | +1.6% | +11.4% | +7.9% | +9.3% | +5.4% | -11.7% | - |
| Other income | 742 | 1,316 | 1,619 | 968 | 909 | 637 | 678 |
| Total expenses | 7,664 | 8,148 | 7,726 | 6,686 | 6,077 | 5,633 | 6,297 |
| Employee cost | 1,154 | 1,008 | 1,042 | 1,033 | 994 | 1,008 | 1,082 |
| EBITDA | 2,068 | 1,436 | 880 | 1,287 | 1,217 | 1,289 | 1,539 |
| EBITDA margin | +21.3% | +15.0% | +10.2% | +16.1% | +16.7% | +18.6% | +19.6% |
| Depreciation | 678 | 694 | 720 | 480 | 471 | 463 | 448 |
| Interest | 1,007 | 996 | 857 | 715 | 611 | 616 | 650 |
| Profit before tax | 1,125 | 1,062 | 922 | 1,060 | 1,044 | 847 | 1,119 |
| Tax | 273 | 262 | 147 | 229 | 228 | 32.93 | 201 |
| Net profit | 838 | 788 | 758 | 796 | 796 | 801 | 887 |
| Net profit margin | +8.6% | +8.2% | +8.8% | +10.0% | +10.9% | +11.6% | +11.3% |
| EPS (₹) | 6.40 | 6.00 | 5.82 | 6.23 | 6.12 | 61.14 | 68.89 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 133 | 133 | 133 | 133 | 133 | 133 | 133 |
| Reserves & surplus | 9,584 | 9,752 | 9,755 | 9,831 | 9,822 | 9,844 | 9,905 |
| Shareholders' funds (net worth) | 9,717 | 9,885 | 9,888 | 9,964 | 9,955 | 9,978 | 10,038 |
| Secured loans | 10,604 | 10,751 | 9,504 | 8,320 | 7,670 | 7,149 | 5,769 |
| Unsecured loans | 541 | 926 | 78.19 | 103 | 821 | 284 | 684 |
| Total debt | 11,145 | 11,677 | 9,583 | 8,422 | 8,491 | 7,433 | 6,453 |
| Total liabilities | 23,866 | 24,372 | 22,103 | 22,434 | 22,376 | 21,347 | 20,463 |
| Assets | |||||||
| Gross block | 20,893 | 20,261 | 19,821 | 19,399 | 18,971 | 18,496 | 18,181 |
| Net block | 12,781 | 13,027 | 13,455 | 13,992 | 14,253 | 14,437 | 14,810 |
| Capital work in progress | 232 | 95.48 | 78.07 | 63.77 | 43.23 | 66.31 | 89.28 |
| Investments | 6,407 | 6,381 | 5,220 | 5,063 | 5,016 | 5,074 | 4,446 |
| Inventories | 386 | 398 | 513 | 502 | 434 | 380 | 387 |
| Sundry debtors | 1,401 | 1,394 | 1,231 | 1,080 | 1,035 | 1,394 | 991 |
| Cash & bank balances | 1,536 | 1,008 | 1,134 | 828 | 1,275 | 957 | 1,413 |
| Loans & advances | 356 | 472 | 378 | 394 | 355 | 354 | 340 |
| Total current assets | 3,680 | 3,272 | 3,256 | 2,804 | 3,099 | 3,085 | 3,131 |
| Total current liabilities | 5,406 | 3,647 | 3,040 | 2,492 | 2,270 | 2,926 | 3,007 |
| Net working capital | (1,725) | (375) | 217 | 312 | 830 | 159 | 123 |
| Total assets | 23,866 | 24,372 | 22,103 | 22,434 | 22,376 | 21,347 | 20,463 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 430 | 662 | 396 | 860 | 552 | 1,050 | 321 |
| Net cash from operating activities | 3,426 | 1,821 | 1,039 | 1,196 | 709 | 810 | 1,282 |
| Net cash from investing activities | (634) | (2,658) | (563) | (380) | (379) | (1,065) | (114) |
| Net cash from financing activities | (2,251) | 605 | (209) | (1,280) | (21.70) | (243) | (440) |
| Net change in cash | 541 | (232) | 266 | (464) | 308 | (498) | 729 |
| Closing cash | 1,536 | 1,008 | 1,134 | 828 | 1,275 | 957 | 1,413 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +1.6% | +11.4% | +7.9% | +9.3% | +5.4% | -11.7% | - |
| EBITDA growth | +44.0% | +63.1% | -31.6% | +5.8% | -5.6% | -16.2% | - |
| PBT growth | +5.9% | +15.2% | -13.0% | +1.5% | +23.2% | -24.3% | -5.4% |
| Net income growth | +6.3% | +4.0% | -4.8% | +0.1% | -0.7% | -9.7% | - |
| Revenue CAGR (3Y) | +6.9% | +9.5% | +7.5% | +0.6% | -2.0% | -3.9% | +2.8% |
| EBITDA CAGR (3Y) | +17.1% | +5.7% | -11.9% | -5.8% | -6.0% | -9.5% | -3.9% |
| Profitability & leverage | |||||||
| Net income margin | +8.8% | +8.4% | +9.0% | +10.4% | +11.2% | +11.8% | +11.7% |
| Return on capital employed | +8.8% | +8.9% | +8.0% | +7.9% | +7.6% | +7.0% | +8.9% |
| Return on net worth | +8.7% | +8.1% | +7.8% | +8.3% | +8.2% | +8.1% | +9.3% |
| Debt / equity | 1.16 | 1.08 | 0.91 | 0.85 | 0.80 | 0.69 | 0.63 |
| Long-term debt / equity | 0.79 | 0.80 | 0.65 | 0.57 | 0.57 | 0.46 | 0.42 |
| Interest cover | 72.45 | 134.20 | 535.63 | 88.57 | 81.84 | 74.54 | 59.60 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.47 | 0.48 | 0.44 | 0.42 | 0.39 | 0.38 | 0.44 |
| Inventory turnover | 24.82 | 21.04 | 16.96 | 17.04 | 17.92 | 18.05 | 20.36 |
| Debtors turnover | 6.96 | 7.30 | 7.45 | 7.54 | 6.00 | 5.80 | 7.76 |
| EPS (₹) | 6.40 | 6.00 | 5.82 | 6.23 | 6.12 | 61.14 | 68.89 |
| Dividend per share (₹) | 6.00 | 4.50 | 4.50 | 4.50 | 4.50 | 45.00 | 20.00 |
| Book value per share (₹) | 72.94 | 74.20 | 74.22 | 74.79 | 74.72 | 748.96 | 753.49 |
To see the full year-wise statements and ratios of Cesc Ltd, buy the company report.
Board of directors of Cesc Ltd
Cesc has 10 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shashwat Goenka Also directs: Firstsource Solutions Limited, PCBL Chemical Limited, RPSG Ventures Limited and 5 more | Director | 14 Nov 2019 | 6 Years 11 Months | Current |
| Pradip Kumar Khaitan Also directs: Firstsource Solutions Limited, KHL Finance Limited, Kashipur Holdings Limited and 1 more | Director | 29 Oct 1992 | 33 Years 11 Months | Current |
| Sanjiv Goenka Also directs: Firstsource Solutions Limited, Saregama India Limited, PCBL Chemical Limited and 5 more | Director | 29 Apr 1989 | 37 Years 5 Months | Current |
| Debanjan Mandal | Director | 10 May 2021 | 5 Years 5 Months | Current |
| Kusum Dadoo | Director | 23 May 2024 | 2 Years 5 Months | Current |
| Vineet Sikka Also directs: The Bengal Chamber of Commerce and Industry | Managing Director | 28 May 2024 | 2 Years 4 Months | Current |
Showing 6 of 10 current directors. View all directors
Peer comparison
Cesc Ltd is compared with the 9 companies closest to it by revenue in the Power industry (Thermal Power Plants), with the same principal business activity (electric power generation, transmission and distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Maharashtra State Power Generation Company Limited | ₹38,334 Cr (FY 2025) | 16.0% | Mumbai, Maharashtra, India | |||
| Torrent Power Limited | ₹29,652 Cr (FY 2025) | 8.0% | Ahmedabad, Gujarat, India | |||
| Rajasthan Rajya Vidyut Utpadan Nigam Limited | ₹21,344 Cr (FY 2025) | 6.0% | Jaipur, Rajasthan, India | |||
| Bihar State Power (Holding) Company Limited | ₹19,718 Cr (FY 2021) | 8.0% | Patna, Bihar, India | |||
| Andhra Pradesh Power Generation Corporation Limited | ₹19,327 Cr (FY 2024) | 23.0% | Vijayawada, Andhra Pradesh, India | |||
| Cesc Ltdthis company | ₹18,570 Cr (FY 2026) | ₹1,473.75 Cr | 7.9% | 9.2% | 6,578 | Kolkata, West Bengal, India |
| Jindal Power Limited | ₹17,338 Cr (FY 2025) | 7.0% | Tamnar, Chhattisgarh, India | |||
| Telangana Power Generation Corporation Limited | ₹16,706 Cr (FY 2024) | 5.0% | Hyderabad, Telangana, India | |||
| Karnataka Power Corporation Limited | ₹14,854 Cr (FY 2025) | -1.0% | Bangalore, Karnataka, India | |||
| Madhya Pradesh Power Generating Company Limited | ₹12,952 Cr (FY 2024) | 14.0% | Jabalpur, Madhya Pradesh, India |
To see the full peer comparison of Cesc Ltd, buy the company report.
Auditor
Cesc Ltd is audited by S.R.Batliboi & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R.Batliboi & Co LLP | FY 2023 | 301003E/E300005 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 52.10%, foreign institutional investors hold 11.50%, domestic institutional investors hold 26.10% and retail and other public shareholders hold 10.30%.
Sep 2026
QUARTER
52.10% Promoters
26.10% DII (Domestic Institutional)
11.50% FII (Foreign Institutional)
10.30% Retail & Others
Promoter holding - history
Now 52.10% · Sep 2026High 52.10% · Dec 2025Low 52.10% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 52.10% | 52.10% | 52.10% | 52.10% |
| Public | 47.90% | 47.90% | 47.90% | 47.90% |
Charges & borrowings
Open charges
₹38,321 Cr
Satisfied charges
₹15,906 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 May 2026 | 101305962 | Others | ₹25 Cr | Open | |
| 20 Mar 2026 | 101257553 | Others | ₹300 Cr | Open | |
| 29 Dec 2025 | 101213274 | Others | ₹300 Cr | Open | |
| 24 Sep 2025 | 101195495 | Idbi Trusteeship Services Limited | ₹300 Cr | Open | |
| 22 Sep 2025 | 101158375 | Bank of India | ₹300 Cr | Open |
To see the full charge records of Cesc Ltd, buy the company report.
Total charge records: 203 View all charges
Deals & funding
Cesc Ltd has 26 deals on record (21 market trades, 2 qips, 2 secondary share transfers), with disclosed funding of ₹43.34 Cr; the latest was in October 2022.
Total deals
26
Market trades
21
QIPs
2
Secondary share transfers
2
Funding round
1
Disclosed funding
₹43.34 Cr
Deals on record (5 of 26)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2022 | Market trade | ₹46.43 Cr | Buyer: Ishares Msci India Small-Cap Etf, an individual Seller: Ishares Core Emerging Markets Mauritius Co, Ishares India Sc Mauritius Company |
| Oct 2022 | Market trade | ₹22.56 Cr | Buyer: Ishares Msci India Small-Cap Etf, an individual Seller: Ishares Core Emerging Markets Mauritius Co, Ishares India Sc Mauritius Company |
| Oct 2022 | Market trade | ₹11.11 Cr | Buyer: Ishares Msci India Small-Cap Etf, an individual Seller: Ishares Core Emerging Markets Mauritius Co, Ishares India Sc Mauritius Company |
| Nov 2014 | QIP | ₹490.8 Cr | Investors: Others- Cesc Ltd, Smallcap World Fund Inc, Birla Sunlife Trustee Company Pvt. Ltd. A/C Birla Sun Life Frontline Equity Fund |
| Mar 2007 | Funding round | ₹43.34 Cr | Investors: Petrochem International Ltd , Universal Industrial Fund Ltd. |
To see the full deal history of Cesc Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Cesc Ltd has 18,847 court cases on record: 3,129 filed by Cesc, 15,719 filed against it. 1,111 cases are pending and 17,736 are disposed.
Total cases
18,847
Filed by the company
3,129
Filed against the company
15,719
Pending
1,111
Disposed
17,736
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 15,974 | 15,066 | 304 |
| District courts | 2,798 | 614 | 805 |
| Supreme Court | 75 | 39 | 2 |
Cases on record (5 of 18,847)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Calcutta High Court | Writ petition | Filed against the company by an individual | Pending |
| Calcutta High Court | Court case (APOT) | Filed against the company by an individual | Pending |
| Calcutta High Court | Writ petition | Filed against the company by an individual | Pending |
| Calcutta High Court | Writ petition | Filed against the company by an individual | Pending |
| Calcutta High Court | Criminal miscellaneous application | Filed against the company | Pending |
To see the full case history of Cesc Ltd, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Cesc Ltd was last rated by Care on 04 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 04 Oct 2021 |
To see the full credit ratings and regulatory alerts of Cesc Ltd, buy the company report.
MSME payment delays
Cesc Ltd has 6 MSME Form 1 returns on record between 2022 and 2024, listing 161 overdue payments to 53 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 53)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Test Metal Corporation | |||
| an individual supplier | |||
| Excavation & Equipment Manufacturing Pvt. Ltd. | |||
| Bharati Engineering Works | |||
| an individual supplier |
To see the full MSME payment records of Cesc Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Cesc has 17 subsidiary companies and 1 joint venture. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
17
Subsidiary companies
1
Joint ventures
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Au Bon Pain Cafe India Limite | U15411WB2008PLC124062 | |
| Noida Power Company Limited | U31200UP1992PLC014506 | |
| Kota Electricity Distribution Limited | U40100WB2012PLC181283 | |
| Bharatpur Electricity Services Limited | U40100WB2012PLC181314 | |
| Bikaner Electricity Supply Limited | U40100WB2012PLC181372 | |
| Eminent Electricity Distribution Limited | U40100WB2019PLC230040 |
To see the full group structure of Cesc Ltd, buy the company report.
Employees & EPFO
Cesc Ltd has a workforce of 6,578 employees on its EPFO records as of Mar 23, 2024, across 2 active EPFO establishments.
Employee count
6,578
Active EPFO establishments
2
Employee growth
-4.35%
GST
Cesc has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCC2903N1ZL | West Bengal | Active | 01 Jul 2017 |
| 24AABCC2903N1ZU | Gujarat | Active | 18 May 2019 |
To see the full GST registrations and return filing status of Cesc Ltd, buy the company report.
Recent activity
Cesc Ltd has 54 board changes on record since 1989: 33 appointments and 21 cessations. The latest: Umang Kanoria was appointed as Director on 25 Feb 2026.
Charges
A charge with Others amounted to Rs. 25.00 Cr with Charge ID 101305962 was registered on 27 May 2026.
Charges
A charge registered on 30 Jun 2022 via Charge ID 100586541 with Others was fully satisfied on 19 May 2026.
Charges
A charge registered on 28 Mar 2022 via Charge ID 100550536 with Others was fully satisfied on 19 May 2026.
Charges
A charge registered on 30 Dec 2020 via Charge ID 100398750 with Others was fully satisfied on 19 May 2026.
Charges
A charge registered on 18 Feb 2021 via Charge ID 100419568 with Others was fully satisfied on 08 Apr 2026.
Filing
Cesc Ltd has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Kolkata I.
Charges
A charge with Others amounted to Rs. 300.00 Cr with Charge ID 101257553 was registered on 20 Mar 2026.
Appointed
Umang Kanoria was appointed as Director.
Charges
A charge with Others amounted to Rs. 300.00 Cr with Charge ID 101213274 was registered on 29 Dec 2025.
Charges
A charge registered on 17 Apr 2023 via Charge ID 100708230 with Others was fully satisfied on 21 Nov 2025.
Charges
A charge with Idbi Trusteeship Services Limited amounted to Rs. 300.00 Cr with Charge ID 101195495 was registered on 24 Sep 2025.
Charges
A charge with Bank Of India amounted to Rs. 300.00 Cr with Charge ID 101158375 was registered on 22 Sep 2025.
510 earlier events are in the company report.
News
CESC: Kotak Inst Eqt on CESC Upgrades to Add, cuts Target Price to ₹145 from ₹172; after a 35% correction driven largely by slower renewable capacity additions, valuation at 10x FY28E P/E looks more compelling, while ₹330bn of planned renewable and distribution investments could support the goal of doubling PAT over FY25–30.
CESC: Signs Power Deal With Prism Johnson For 49.5 MW Wind Project; PJL To Invest Up To ₹40 Crores For 26.5% Ownership In Kus Renewable Private Limited; Project To Deliver Renewable Energy For 25 Years.
CESC: Will Review The Issuance Of Debt Securities.
Frequently asked questions
Cesc is an active public limited company based in Kolkata, West Bengal, India. The company works in thermal power generation and plants, within the energy and power industry. It was incorporated on 28 March 1978 (48+ years old) and is registered under CIN L31901WB1978PLC031411. Listed on BSE: 500084 and NSE: CESC.
Cesc reported revenue of ₹18,570 Cr for FY 2025-26 (up 9.2% YoY) based on consolidated financials.
Cesc has 10 current directors:
- Vineet Sikka - Managing Director
- Brajesh Singh - Managing Director
- Shashwat Goenka - Director
- Pradip Kumar Khaitan - Director
- Sanjiv Goenka - Director
- Debanjan Mandal - Director
- Kusum Dadoo - Director
- Paras Kumar Chowdhary - Director
- Arjun Kumar - Director
- Umang Kanoria - Director
The latest financial statements of Cesc on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 11 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Cesc is 19AABCC2903N1ZL, registered in West Bengal. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AABCC2903N1ZU (Gujarat).
The CIN (Corporate Identification Number) of Cesc is L31901WB1978PLC031411. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Cesc is a listed company as per MCA records. Its shares are listed on both BSE (code: 500084) and NSE (symbol: CESC).
Cesc has 18,847 court cases on record: 3,129 filed by the company and 15,719 filed against it. 1,111 are pending. Most are in the high courts.
Cesc was incorporated on 28 March 1978, making it 48+ years old. It is registered with the Registrar of Companies, Kolkata.
Cesc has 26 deals on record (21 market trades, 2 qips, 2 secondary share transfers), with disclosed funding of ₹43.34 Cr; the latest was in October 2022.
The peers of Cesc by revenue are Maharashtra State Power Generation Company Limited, Torrent Power Limited, Rajasthan Rajya Vidyut Utpadan Nigam Limited, Bihar State Power (Holding) Company Limited, Andhra Pradesh Power Generation Corporation Limited and 4 more, all in the Power industry (Thermal Power Plants), with the same principal business activity (electric power generation, transmission and distribution).
Umang Kanoria was appointed as Director on 25 Feb 2026. Pratip Chaudhuri ceased to be Director on 30 Sep 2024. Paras Kumar Chowdhary was appointed as Director on 09 Aug 2024. Cesc has 54 board changes on record in total.