CESC Ltd., incorporated in the year 1978, is a Mid Cap company (having a market cap of Rs 9305.50 Crore) operating in Power sector.
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 2539.00 Crore, down 15.08 % from last quarter Sales of Rs 2990.00 Crore and up 8.32 % from last year same quarter Sales of Rs 2344.00 Crore. Company reported net profit after tax of Rs 316.00 Crore in latest quarter.
The brokerage maintains BUY on CESC with a target price of Rs851/share. The stock is currently trading at FY23E P/E of 6.8x and P/BV of 0.8x, and a dividend yield of 7.3%.
Promoters held 49.9 per cent stake in the company as of Dec 30, 2020, while FIIs held 16.2 per cent, DIIs 24.7 per cent and public and others 9.2 per cent.