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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
CESC Limited is an India-based integrated power utility company engaged in the generation and distribution of electricity. Its business consists of Kolkata operations as well as other generation and distribution ventures. Its Kolkata operations include distribution of…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, slow-growing business, reasonably priced.
CESC is scored on the commodity / cyclical framework. It keeps a slim 8.6% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 2.51× reported profit. Free cash flow is worth about 4.9% of its market value.
Over the last 3 years revenue compounded at 9%/yr and profit at 5%/yr. Book value has grown 5%/yr. Return on equity is a healthy 12.4%. In the latest quarter profit fell 9% versus the prior quarter.
At 11× earnings, the stock sits at the 20th percentile of its own 3.6-year range — the cheap end of where it has historically traded. Today's price asks for only ~-0%/yr growth over a decade — undemanding expectations. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 10.33 | — | — |
| P/B | 1.34 | 2.57 | better |
| EV/EBITDA | 7.59 | 28.83 | better |
| ROE | 12.42 | 11.41 | better |
| ROCE | 9.12 | 9.82 | worse |
| ROA | 3.38 | — | — |
| Quick Ratio | 0.85 | 1.98 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Adani Power | 21.1 | 5.1 | 23.7% |
| NTPC | 10.3 | 1.5 | 13.9% |
| Power Grid Corp | 14.9 | 2.3 | 15.2% |
Revenue has grown every year across all 4 financial years shown. 9% CAGR — growing but slowly.
Revenue is outpacing profit (9% vs 5%) — costs are rising faster than the top line.
Operating margins have been stable around 11% — no major structural shift. Margins have declined for 2 consecutive years — watch for a structural cost problem.
ROE at 12% — a respectable return on shareholder capital. Low variance across years — a predictable business that earns steadily on its equity base.
5% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 2.5× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 33% sequentially — momentum is building.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 52.1% — majority control intact.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.