CESC Ltd
About
Calcutta Electric Supply Corporation, or CESC, is one of the oldest fully integrated electrical utility companies in India. It has been generating, transmitting, and distributing power in Howrah and Kolkata since 1899 for domestic, industrial, and commercial purposes. Its thermal power plants generate a combined 885 MW of power through the Budge Budge Generating System and the Southern Generating Station. The Haldia thermal plant transmits power to the entire city with a 400 KV dedicated network. It also owns solar power plants with a combined capacity of 27 MW in Gujarat and Tamil Nadu. CSEC’s coal-fired power generating stations—Budge Budge, Titagarh, and Southern—boast a 1125 MW capacity. Today, the company is the sole distributor of electricity in an area of 567 sq. km. in Kolkata, serving more than 3 million consumers.
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Financial Data 2024
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Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 17291 9.3% | 15818 16.7% | 13557 10.2% | 12297 -5.5% | 13008 10.0% | 11830 10.3% | 10729 21.3% | 8843 -29.1% | 12472 10.8% | 11258 9.0% | 10328 33.0% | 7768 27.3% | 6103 14.1% | 5348 18.3% | 4522 4.5% | 4329 - |
| Net Operating Income (INR Cr) | 15293 7.35% | 14246 13.57% | 12544 7.84% | 11632 -4.34% | 12159 14.02% | 10664 3.79% | 10275 22.86% | 8363 -31.02% | 12124 9.56% | 11067 9.45% | 10111 33.80% | 7557 26.55% | 5971 13.73% | 5250 23.07% | 4266 3.84% | 4108 14.23% |
| Profit (INR Cr) | 1376 2.5% | 1343 -1.1% | 1358 2.0% | 1331 5.0% | 1267 7.0% | 1184 29.7% | 913 32.1% | 691 15.4% | 598 201.5% | 199 -59.6% | 492 7.0% | 459 86.8% | 246 -11.7% | 278 77.0% | 157 102.9% | 78 - |
| Assets (INR Cr) | 29752 -2.6% | 30549 -0.2% | 30601 4.7% | 29215 2.8% | 28432 3.7% | 27421 0.6% | 27260 -14.3% | 31796 2.2% | 31120 21.8% | 25559 13.8% | 22460 15.7% | 19406 45.5% | 13335 19.8% | 11128 18.4% | 9402 11.2% | 8457 - |
| Net Worth (INR Cr) | 11446 4.9% | 10910 4.9% | 10396 5.3% | 9873 4.9% | 9412 4.9% | 8974 6.6% | 8420 -20.7% | 10623 0.2% | 10604 104.8% | 5178 10.8% | 4674 14.4% | 4085 10.8% | 3687 7.3% | 3436 8.5% | 3166 5.2% | 3010 3.0% |
| Employee Cost (INR Cr) | 1285 2.0% | 1260 5.3% | 1196 0.2% | 1194 -4.7% | 1253 1.6% | 1233 9.1% | 1130 29.5% | 873 -73.3% | 3264 8.1% | 3021 -2.1% | 3085 120.1% | 1402 110.2% | 667 8.7% | 613 12.6% | 545 5.2% | 518 - |
| Interest Cost (INR Cr) | 1377 | 1241 | 1248 | 1340 | 1484 | 1432 | 1411 | 1482 | 1593 | 1045 | 645 | 501 | 410 | 372 | 261 | 209 |
| Cash & Bank Balance (INR Cr) | 2711 | 2588 | 3249 | 1858 | 1979 | 1031 | 1194 | 1606 | 1197 | 1049 | 1210 | 1317 | 1343 | 1229 | 1168 | 1307 |
| Total Debt (INR Cr) | 14544 | 14263 | 14961 | 14277 | 13991 | 14479 | 14578 | 15599 | 14877 | 14202 | 11916 | 9661 | 5787 | 4128 | 4861 | 3956 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 8.0% | 8.5% | 10.0% | 10.8% | 9.7% | 10.0% | 8.5% | 7.8% | 4.8% | 1.8% | 4.8% | 5.9% | 4.0% | 5.2% | 3.5% | 1.8% |
| Profit As % Of Assets | 4.6% | 4.4% | 4.4% | 4.6% | 4.5% | 4.3% | 3.4% | 2.2% | 1.9% | 0.8% | 2.2% | 2.4% | 1.8% | 2.5% | 1.7% | 0.9% |
| Profit As % Of Networth | 12.0% | 12.3% | 13.1% | 13.5% | 13.5% | 13.2% | 10.8% | 6.5% | 5.6% | 3.8% | 10.5% | 11.3% | 6.7% | 8.1% | 5.0% | 2.6% |
| Interest Cost to EBITDA % | 60.7% | 54.6% | 41.1% | 40.7% | 45.7% | 49.0% | 46.4% | 52.0% | 51.8% | 53.0% | 38.2% | 38.6% | 40.5% | 41.1% | 60.7% | 92.8% |
| Debt to Equity Ratio | 1.27 | 1.31 | 1.44 | 1.45 | 1.49 | 1.61 | 1.73 | 1.47 | 1.40 | 2.74 | 2.55 | 2.37 | 1.57 | 1.20 | 1.54 | 1.31 |
| RONW | 13.0% | 13.1% | 13.9% | 14.1% | 14.2% | 13.8% | 10.2% | 7.6% | 9.2% | 4.5% | 10.6% | 9.9% | 6.9% | 8.4% | 5.4% | 3.6% |
| ROCE | 10.3% | 9.9% | 10.7% | 10.9% | 11.7% | 12.2% | 9.5% | 8.6% | 9.9% | 6.5% | 7.0% | 7.1% | 7.3% | 7.9% | 6.1% | 4.9% |