CESC share price today

CESC Ltd's share price was ₹130.94 at the close on 4 November 2026. It has been falling for 10 weeks. That is 15.9% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹125 and ₹188, and at that close it sat 10% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today CESC Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 23 weeks running.

Over the last 11 years the share price moved +260% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 17 June 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue up on a year earlier for 11 quarters in a row (every quarter we can compare), lowest operating margin in 8 quarters and profit up on a year earlier for 5 quarters in a row.

1. Revenue up on a year earlier for 11 quarters in a row (every quarter we can compare)

   In the June 2026 quarter revenue was ₹5,485 crore, +5.4% on a year earlier.

2. Lowest operating margin in 8 quarters

   Operating margin was 16% in the June 2026 quarter, against 17% a year earlier.

3. Profit up on a year earlier for 5 quarters in a row

   In the June 2026 quarter profit was ₹419 crore, +3.7% on a year earlier.

CESC paid ₹6 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 4.58% at the ₹130.94 close on 4 November 2026. The last was an interim dividend of ₹6 a share, ex-date 19 August 2026.

CESC dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. CESC Ltd paid out 52% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

For April to June 2026 (the quarter ended 30 June 2026), CESC reported revenue of ₹5,485 crore, up 5.4% from ₹5,202 crore a year earlier, and a profit of ₹419 crore, up 3.7% from ₹404 crore.

CESC results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

CESC closed at ₹130.94 on 4 November 2026, down 25.1% from ₹174.75 a year earlier (7 November 2025) and up 42.9% over five years. Its highest weekly close since March 2016 was ₹199.90 on 27 September 2024.

CESC share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

563 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: CESC closed at ₹130.94, up 5.1% on the week and down 0.5% on the month. 19 Aug 2026: ex-date for an interim dividend of ₹6 a share.

Earlier

• Results for April to June 2026: Revenue up 5.4% and profit up 3.7% on a year earlier.

CESC's management made 0 promises we could check against what it later reported.

Our read after the January to March 2026 results, written 31 May 2026. The April to June 2026 results are out since, so this part may be out of date until we update it.

3,200 MW goal by FY29 is ambitious; 300 MW commissioned from a multi-GW plan as of FY26 signals execution lag.

The main risks

• Purvah Green execution risk, capital deployment vs commissioning: 3,200 MW goal by FY29 is ambitious; 300 MW commissioned from a multi-GW plan as of FY26 signals execution lag. ⚠ estimate
• Malegaon DF persistent drag: Malegaon T&D losses at 36.3%, among the highest in India, continue to drain operating profit each year. ⚠ estimate

Our read after the January to March 2026 results, written 31 May 2026. The April to June 2026 results are out since, so this part may be out of date until we update it.

CESC is on 4 of our India lists: 52 week high & low, Dividend stocks, Small & mid cap stocks and Power & green energy stocks.

CESC Ltd earned ₹419 Cr of net profit in the Jun 2026 quarter, +3.7% on the same quarter a year earlier. That is the 5th quarter in a row of profit growth. Full-year FY26 profit was ₹1,618 Cr. Over 10 years profit has grown 8.3% a year on average. That is 7.6% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹404 Cr.

For the full year, FY26 profit was ₹1,618 Cr (+13.2% on the year before).

Why profit moved: revenue changed +5.4% on a year earlier and the margin moved −1.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +12.7% and revenue +8.9%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

CESC Ltd reported ₹5,485 Cr of revenue in the Jun 2026 quarter, +5.4% on the same quarter a year earlier. That is the 11th quarter in a row with growth on the year before. Over 10 years it has grown 4.4% a year on average. The last full year, FY26, came in at ₹18,570 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹18,853 Cr.

FY26 revenue was ₹18,570 Cr, +9.2% on the year before.

Recent pace: the last four quarters grew +8.9% on average, against 4.4% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +8.7%, against +9.1% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +12.9%, against +5.4% a year (accelerating).

CESC Ltd's operating margin was 16.0% in the Jun 2026 quarter, 1.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 15.0% and 34.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −0.3 percentage points on the year while gross margin changed +0.4 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 200% of CESC Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹4,057 Cr of operating cash against ₹1,618 Cr of profit. After ₹3,723 Cr of spending on assets, ₹334 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 200% of profit came in as cash: the cash cycle got 26 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 1.8× depreciation over three years. The next section checks what that spending is building.

CESC Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 47 days in FY26, down from 73 days in FY21. It spent ₹6,429 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹18,570 Cr, each day of that cycle ties up about ₹50.9 Cr, so roughly ₹2,391 Cr is tied up in the business at any time.

Spending on assets: ₹6,429 Cr over the last 3 years, against ₹3,650 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹2,905 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

CESC Ltd's P/E is 11.1×, in the middle of its own history: higher than 52% of past readings. Its usual P/E (the middle reading) is 10.6×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.