CESC Share Price Target 2025, 2026, 2030, 2040, 2050
CESC is an Indian company that produces and supplies electricity. It is part of the RP-Sanjiv Goenka Group and is situated in Kolkata, West Bengal. The company provides power to millions of people in West Bengal, Uttar Pradesh, and Rajasthan. It takes care of everything needed to make and deliver electricity, like mining coal, producing power, and sending it to users. Its main service areas are Kolkata, Howrah, Hooghly, and North and South 24 Parganas, and it also works in other states. The company gives electricity to homes, shops, and factories and runs coal-based power plants while also using clean energy sources like solar and wind.
- 1 What is CESC Ltd NSE: CESC?
- 2 CESC Share Price Target
- 3 CESC Share Price Target 2025
- 4 CESC Share Price Target 2026
- 5 Share Price Target 2027
- 6 Share Price Target 2028
- 7 Share Price Target 2029
- 8 CESC share price Target 2030
- 9 Share Price Target 2040
- 10 Share Price Target 2050
- 11 Should I buy CESC stock?
- 12 CESC earnings results
- 13 Is CESC stock good to buy? (bull case & bear case)
- 14 Conclusion
- 15 FAQs
- 16
What is CESC Ltd NSE: CESC?
CESC was established in 1899 in Kolkata, West Bengal, and is owned by the RP-Sanjiv Goenka Group. It makes and supplies electricity to people and businesses. It supplies power to Kolkata, Howrah, and nearby places in West Bengal and also works in some parts of Rajasthan. The company runs power plants that use coal and is also starting to make clean energy from solar and wind. It helps give steady and safe electricity to millions of people and is listed on India’s stock market under the name CESC.
It has the right to supply electricity in Kolkata, Howrah, and nearby areas in West Bengal, covering around 567 square kilometres. This area has many people and industries, so having steady electricity is very important for homes, shops, and factories. Besides this main area, it also runs power projects in other states like Uttar Pradesh and Rajasthan. The company provides electricity to millions of people and businesses. Its large network helps it to meet the needs of both cities and surrounding regions, keeping it an important company in India’s power sector, while it continues to improve its system and services to meet growing demand. In 2025, its share price target would be ₹243, as per stock market analysts.
According to stock market analysts, its share price would be between ₹119 to ₹243 in 2025.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2025 | 119 | 243 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 129 | 192 |
| February | 119 | 145 |
| March | 126 | 156 |
| April | 140 | 163 |
| May | 156 | 177 |
| June | 160 | 174 |
| July | 167 | 183 |
| August | 152 | 171 |
| September | 152 | 172 |
| October | 147 | 194 |
| November | 142 | 207 |
| December | 135 | 243 |
It owns and runs several power plants that mainly use coal. The Budge Budge plant (750 MW) and the Southern plant (135 MW) provide most of the electricity for its main areas. It also has a 600 MW plant at Haldia to meet increasing demand. These plants give steady electricity to millions of homes, shops, and factories. It upgrades them regularly to make them safer, more efficient, and better for the environment. In 2026, its share price target would be ₹348, as per stock market analysts.
Its share price would be between ₹220 to ₹348 in 2026, as per stock market analysts.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2026 | 220 | 348 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 220 | 270 |
| February | 229 | 278 |
| March | 235 | 287 |
| April | 248 | 290 |
| May | 252 | 297 |
| June | 260 | 303 |
| July | 264 | 310 |
| August | 269 | 317 |
| September | 275 | 322 |
| October | 277 | 327 |
| November | 280 | 335 |
| December | 287 | 348 |
The company is working on clean energy, like solar and wind, to use less coal. These projects are in states like Gujarat, Rajasthan, Madhya Pradesh, and Tamil Nadu. The company is also planning green hydrogen projects for the future. Using renewable energy helps the company reduce pollution and support India’s clean energy goals. Adding renewable energy also helps it have different sources of power, keeps costs under control, and gets ready for the future as India moves toward greener and more reliable electricity. In 2027, its share price target would be ₹456, as per stock market analysts.
According to stock market analysts, its share price would be between ₹322 to ₹456 in 2027.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2027 | 322 | 456 |
It gets coal for its power plants from both its own mines and other suppliers. Coal from its own mines goes straight to some plants, which saves transport costs and avoids supply problems. The company also buys coal from outside to meet all its needs. Coal is carefully handled, stored, and checked to make sure the plants run smoothly and follow environmental rules. In 2028, its share price target would be ₹562, as per stock market analysts.
Its share price would be between ₹439 to ₹562 in 2028, as per stock market analysts.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2028 | 439 | 562 |
It has a big electricity network with very high, high, and low voltage lines. It runs many substations, transformers, and feeders to deliver power safely to homes, offices, shops, and factories. This network is very important to provide reliable electricity. It keeps making it better by using smart meters, automated systems, and improved grid management. These changes help reduce power loss, avoid outages, and give better service to customers. In 2029, its share price target would be ₹678, as per stock market analysts.
According to stock market analysts, its share price would be between ₹538 to ₹678 in 2029.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2029 | 538 | 678 |
It supplies electricity to homes, shops, and factories. It helps people with new connections, changing electricity use, installing meters, and paying bills. The company also takes care of complaints, disconnections, and reconnections quickly. Customers can use websites or mobile apps to pay bills, report problems, or check how much electricity they use. It wants its services to be simple, reliable, and clear for everyone. In 2030, its share price target would be ₹790, as per stock market analysts.
Its share price would be between ₹650 to ₹790 in 2030, as per stock market analysts.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2030 | 650 | 790 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 650 | 689 |
| February | 662 | 699 |
| March | 670 | 710 |
| April | 679 | 715 |
| May | 685 | 723 |
| June | 689 | 730 |
| July | 699 | 741 |
| August | 711 | 757 |
| September | 718 | 768 |
| October | 723 | 779 |
| November | 728 | 785 |
| December | 733 | 790 |
It has worked a lot on digital services to make things easier for customers. Its website lets people pay bills, view or print bills, apply for new connections, change account names, and track complaints. There is also a customer helpline and WhatsApp support for faster help. Smart meters and data tools help track electricity use, find problems, and save energy. Digital services reduce paperwork, make processes faster, and keep everything clear. In 2040, its share price target would be ₹1459, as per stock market analysts.
According to stock market analysts, its share price would be between ₹1313 to ₹1459 in 2040.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2040 | 1313 | 1459 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 1313 | 1349 |
| February | 1317 | 1362 |
| March | 1320 | 1370 |
| April | 1324 | 1387 |
| May | 1327 | 1398 |
| June | 1335 | 1407 |
| July | 1341 | 1419 |
| August | 1350 | 1425 |
| September | 1362 | 1430 |
| October | 1377 | 1437 |
| November | 1385 | 1448 |
| December | 1399 | 1459 |
It runs important projects like Akshar, which helps school children, and Indradhanush, which brings children who are out of school back to education. Muktangan gives extra learning help, and SNEH works on health for mothers and children. The company also organises eye check-up camps, skill training programs like Eklavya-CESC Skill Academy, and activities to teach about the environment. These programs help thousands of people by improving education, health, skills, and care for the environment. In 2050, its share price target would be ₹2200, as per stock market analysts.
Its share price would be between ₹2014 to ₹2200 in 2050, as per stock market analysts.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2050 | 2014 | 2200 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 2014 | 2062 |
| February | 2020 | 2078 |
| March | 2027 | 2091 |
| April | 2039 | 2100 |
| May | 2045 | 2110 |
| June | 2057 | 2119 |
| July | 2068 | 2127 |
| August | 2079 | 2138 |
| September | 2088 | 2144 |
| October | 2097 | 2168 |
| November | 2110 | 2184 |
| December | 2128 | 2200 |
Should I buy CESC stock?
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2025 | 119 | 243 |
| 2026 | 220 | 348 |
| 2027 | 322 | 456 |
| 2028 | 439 | 562 |
| 2029 | 538 | 678 |
| 2030 | 650 | 790 |
| 2040 | 1313 | 1459 |
| 2050 | 2014 | 2200 |
It is a well-known electricity company that gives steady power and pays good dividends of around 44%, which is attractive for people who want regular income. Most experts recommend buying it. The company benefits from government rules that support private power companies and is also expanding into clean energy like solar and wind. Its sales growth is moderate, about 7% over five years, and return on equity is low at 11.9%. It is best for investors who want stable, dividend-paying stocks rather than quick growth.
CESC earnings results
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
| Sales + | 12,159 | 11,632 | 12,544 | 14,246 | 15,293 | 17,001 | 17,340 |
| Expenses + | 8,902 | 8,338 | 9,502 | 11,972 | 13,017 | 14,152 | 14,158 |
| Operating Profit | 3,257 | 3,293 | 3,042 | 2,274 | 2,276 | 2,849 | 3,182 |
| OPM % | 27% | 28% | 24% | 16% | 15% | 17% | 18% |
| Other Income + | 842 | 665 | 1,006 | 1,584 | 2,000 | 1,618 | 1,189 |
| Interest | 1,484 | 1,340 | 1,248 | 1,241 | 1,377 | 1,479 | 1,365 |
| Depreciation | 848 | 867 | 885 | 878 | 1,217 | 1,205 | 1,208 |
| Profit before tax | 1,768 | 1,752 | 1,915 | 1,739 | 1,683 | 1,782 | 1,798 |
| Tax % | 26% | 22% | 27% | 20% | 14% | 20% | |
| Net Profit + | 1,309 | 1,363 | 1,404 | 1,397 | 1,447 | 1,428 | 1,444 |
| EPS in Rs | 9.56 | 10.04 | 10.25 | 10.13 | 10.38 | 10.33 | 10.39 |
| Dividend Payout % | 21% | 45% | 44% | 45% | 44% | 44% |
Key Metrics
| TTM PE Ratio | PB Ratio | Dividend Yield | Sector PE | Sector PB | Sector Div Yld |
| 16.46 | 1.80 | 2.63% | 22.39 | 2.92 | 1.33% |
Peers & Comparison
| Stock | PE Ratio | PB Ratio | Dividend Yield |
| CESC Ltd | 16.57 | 1.80 | 2.63% |
| NTPC Ltd | 14.06 | 1.72 | 2.46% |
| Adani Power Ltd | 22.31 | 4.99 | — |
| Siemens Energy India Ltd | 281.86 | — | — |
Is CESC stock good to buy? (bull case & bear case)
Bull Case:
- The company made a revenue of ₹5,202 crore in Q1 FY2025-26, which is 6.97% more than last year, and net profit rose by 2.38% to ₹387 crore.
- It is building a 10 GW pipeline of solar and wind projects, with 3.2 GW planned by FY2029, including a 1.2 GW project expected to earn ₹1,200 crore every year.
- The company gives a dividend of about 2.63%, so investors can earn regular income.
- It increased electricity tariffs by 8.2% in Kolkata to reduce losses and improve cash flow.
- The company is spending over ₹32,000 crore by FY2030 on renewable energy, distribution, and solar manufacturing, showing plans for strong growth.
Bear Case:
- Its debt-to-equity ratio is 1.48 as of March 2025, meaning it has a lot of debt compared to its equity.
- Even though revenue is growing, net profit growth is small, which may not satisfy investors looking for fast growth.
- Regulatory challenges, like appeals against some orders, could affect how the company runs and its profits.
- Changes in energy prices or government policies may affect the company.
Conclusion
It is a large Indian electricity company that provides power to millions of people in West Bengal, Uttar Pradesh, and Rajasthan. It produces electricity mainly from coal and is also increasing its use of solar, wind, and green hydrogen energy. The company has a strong electricity network, easy-to-use digital services, and a reliable supply. It pays steady dividends of about 44% and grows at a steady pace. Experts expect its share price to rise from 2025 to 2050, making it a good option for investors who want safe, regular income and long-term growth.
