The Calcutta Electric Supply Corporation, often abbreviated as CESC, is a prominent electricity distribution company based in Kolkata, India. Established in 1897 by the British colonial government, CESC is one of the oldest and most well-known electric utility companies in India. CESC serves a significant portion of Kolkata and its surrounding areas, providing electricity to residential, commercial, and industrial consumers. Over the years, the company has played a vital role in powering the economic and infrastructural development of the region. In this article we will discuss CESC Share Price Target for 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030.
Table of Contents
Business Model of The Calcutta Electric Supply Corporation (CESC)
The business model of The Calcutta Electric Supply Corporation (CESC) revolves around the generation, transmission, and distribution of electricity to consumers in its service area, primarily in Kolkata and its surrounding regions, CESC’s Business Model :
- Generation of Electricity: CESC generates electricity through its power plants, which primarily use thermal (coal-based) and some renewable energy sources. These power plants produce electricity in bulk to meet the overall demand in the service area.
- Transmission: After electricity is generated, it is transmitted through high-voltage power lines to substations located strategically throughout the service area. These substations reduce the voltage for further distribution.
- Distribution: CESC has an extensive network of distribution lines that carry electricity from substations to individual homes, businesses, and industries. This network includes power lines, transformers, and distribution substations.
- Customer Service: CESC provides customer service to a diverse customer base, including residential consumers, commercial establishments, and industrial enterprises. This involves billing, meter reading, handling customer inquiries, and resolving issues related to electricity supply.
- Revenue Generation: The primary source of revenue for CESC is through the sale of electricity to its customers. Customers are billed based on their electricity consumption, and rates may vary depending on the category (e.g., residential, commercial, industrial) and consumption levels.
Sales per Business Specification
| Specifications (in INR Million) | 2022 | Weightage | 2023 | Weightage | Growth |
|---|---|---|---|---|---|
| Electricity | 122,151 | 97.4 % | 139,093 | 97.6 % | +13.87% |
| Contribution from Consumers | 2,070 | 1.7 % | 2,268 | 1.6 % | +9.60% |
| Meter Rent | 533 | 0.4 % | 552 | 0.4 % | +3.43% |
| Others | 504 | 0.4 % | 397 | 0.3 % | -21.23% |
| Traded Goods | 181 | 0.1 % | 153 | 0.1 % | -15.07% |
Shareholding of CESC
As of June 2023, Shareholding of The Calcutta Electric Supply Corporation (CESC) are as –
- Promotors- 52.11%.
- Mutual Funds-16.31%.
- Retail & Others- 14.68%.
- Foreign Institutions- 12.18%.
- Other Domestic Institutions- 4.72%.
CESC Share
CESC is listed on the National Stock Exchange and the Bombay Stock Exchange and has a large number of shareholders. Promotors holds the majority stake in the company.
As of 12 September, 2023, CESC share price on the NSE was INR 86/-, CESC Share 52 week high at Rs. 94.40/- & 52 week low Rs. 64.10/-, Dividends Yields of CESC is 8.23% & P/E is 7.71%.
| Company Name | Calcutta Electric Supply Corporation |
| Share Name | CESC |
| Sector | Electricity Distribution Company |
| Headquater | Kolkata |
| Foundation | 1989 |
| Key Person | Sanjeev Goenka (Chairman) |
| Market Cap | 11,540.42 Crores Rs. |
| Revenue | 8,940 Crore Rs |
| Official Website | Click Here |
CESC Share Price Target 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2040, 2050
| Year | First Target | Second Target |
| 2023 | 91 | 99 |
| 2024 | 104 | 112 |
| 2025 | 116 | 123 |
| 2026 | 128 | 140 |
| 2027 | 145 | 156 |
| 2028 | 160 | 182 |
| 2029 | 188 | 199 |
| 2030 | 208 | 222 |
| 2040 | 624 | 695 |
| 2050 | 1050 | 1112 |
Note:- “That these share price targets for “CESC Share” are only provided for the purpose of reference and that this prediction will only hold true in the event that there is optimism in the market. Any uncertainties regarding the company or the current state of the global market will not be addressed in this analysis.”
Annual Result Summary of CESE Limited
Annual result summary of The Calcutta Electric Supply Corporation (CESC) :
- Net profit of Rs. 830 crore, up 1.71% from Rs. 816 crore in the previous year.
- Total revenue of Rs. 8,940 crore, up 19.5% from Rs. 7,479 crore in the previous year.
- Operating profit of Rs. 1,644.38 crore, up 16.9% from Rs. 1,406.10 crore in the previous year.
- Earnings per share (EPS) of Rs. 6.26, up 1.69% from Rs. 6.16 in the previous year.
Last 5 Year History of CESC Share
In Last 5 year CESC Share give 13.21% returns to its Investors.
| Year | Share Price |
| Sep 2019 | 78.43 |
| Sep 2020 | 62.30 |
| Sep 2021 | 82.85 |
| Sep 2022 | 80.30 |
| Sep 2023 | 88.10 |
CESC Share Price Target 2023
The share price of CESC has grown by 4% from past year, our assumption for CESC share 2023 is its grow same as previous year.
CESC share price target 2023 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2023 | ₹91 | ₹99 |
CESC Share Price Target 2024
while considering demand for electricity in India is growing at a rapid pace, due to the country’s growing economy and population.
CESC share price target 2024 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2023 | ₹104 | ₹112 |
CESC Share Price Target 2025
CESC also heavily investing in renewable energy projects such as solar and wind power to diversify its energy portfolio and meet clean energy targets. Indian government also supporting these companies.
CESC share price target 2025 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2025 | ₹116 | ₹123 |
CESC Share Price Target 2026
The government of India is promoting the development of renewable energy sources, which is creating new opportunities for power companies.
CESC share price target 2026 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2026 | ₹128 | ₹140 |
CESC Share Price Target 2027
The company has a diversified portfolio of assets, including thermal power plants, renewable energy projects, and distribution networks.
CESC share price target 2027 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2027 | ₹145 | ₹156 |
CESC Share Price Target 2028
CESC is also investing in new technologies to improve the efficiency and reliability of its operations.
CESC share price target 2028 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2028 | ₹160 | ₹182 |
CESC Share Price Target 2029
The company has a strong track record of financial performance and is well-positioned to benefit from the growth of the power sector in India.
CESC share price target 2029 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2029 | ₹188 | ₹199 |
CESC Share Price Target 2030
The future of utility companies like CESC is subject to a wide range of factors, including technological advancements, regulatory changes, economic conditions, and societal trends.
CESC share price target 2030 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2030 | ₹208 | ₹222 |
Dividend History of CESC Limited
Here is a brief overview of CESC history over the past few years:
- In 2023, Company declared a final dividend of Rs.4.5 per share.
- In 2022, Company declared a final dividend of Rs.4.5 per share.
- In 2021, Company declared a final dividend of Rs.45 per share.
- In 2020, Company declared a final dividend of Rs.20 per share.
Recent News of CESC Limited
- CESC Ltd is embarking on a substantial investment venture, allocating a whopping Rs 1,000 crore for renewable energy initiatives. This ambitious plan is set to unfold over the course of the next three years. The focus of these investments will be on a diverse range of projects, spanning solar, wind, and hydro power.
- CESC Ltd is gearing up to establish a network of electric vehicle (EV) charging stations throughout Kolkata. Their objective is to roll out a total of 100 EV charging stations within the city’s boundaries by the conclusion of 2023. These stations are strategically planned to be situated in high-traffic areas, including shopping malls, parking facilities, and even petrol stations.
- Furthermore, CESC Ltd is positioning itself for significant growth by acquiring a substantial 51% stake in Greenko Energy. Greenko Energy is a prominent player in the renewable energy sector, making this acquisition a strategic move for CESC. By securing this stake, CESC aims to expand and strengthen its foothold in the realm of renewable energy, enhancing its overall portfolio in the process.
FAQs
On Date 24 Feb 2023, CESC declared dividend of Rs.4.5, its interim type dividends.
As per our analyst target of CESC is Rs.91 to Rs.99 for year 2023.
No, CESC is not debt free company Debt to Equity ratio stood at 0.83%.
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