Buy CESC, target price Rs 101: Emkay Global

Buy CESC, target price Rs 101: Emkay Global
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Synopsis

CESC, incorporated in the year 1978, is a Mid Cap company (having a market cap of Rs 10114.10 Crore) operating in Power sector.

Promoters held 52.11 per cent stake in the company as of 30-Jun-2022, while FIIs owned 13.93 per cent, DIIs 21.34 per cent.
Emkay Global has buy call on with a target price of Rs 101. The current market price of CESC is Rs 76.25.

CESC, incorporated in the year 1978, is a Mid Cap company (having a market cap of Rs 10114.10 Crore) operating in Power sector.

CESC key Products/Revenue Segments include Electricity and Other Operating Revenue for the year ending 31-Mar-2022.

Financials
For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 3977.00 Crore, down -7.36 % from last quarter Total Income of Rs 4293.00 Crore and up 11.71 % from last year same quarter Total Income of Rs 3560.00 Crore. Company has reported net profit after tax of Rs 319.00 Crore in latest quarter.

The company’s top management includes Dr.Sanjiv Goenka, Mr.Chandra Kumar Dhanuka, Mr.Pradip Kumar Kaitan, Mr.Sunil Mitra, Mr.Pratip Chaudhuri, Ms.Rekha Sethi, Mr.Debasish Banerjee, Mr.Rabi Chowdhury, Mr.Shashwat Goenka, Mr.Debanjan Mandal. Company has S R & Co. LLP as its auditors. As on 30-06-2022, the company has a total of 133 Crore shares outstanding.

Promoter/FII Holdings
Promoters held 52.11 per cent stake in the company as of 30-Jun-2022, while FIIs owned 13.93 per cent, DIIs 21.34 per cent.
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