CESC Share Price Target 2026: CESC Limited reported its Q4 FY26 results on May 6, 2026, with a 17.4 per cent year-on-year increase in consolidated net profit to Rs 439 crore. However, margins faced pressure, with EBITDA dropping 8.5 per cent to Rs 743 crore. Total consolidated revenue for the year rose to Rs 18,570 crore.
i) Improved profitability in Rajasthan franchises and Noida.
ii) Malegaon posted lower losses (on narrowing T&D loss). Generation segment remained stable with Haldia/Dhariwal reporting PLFs of 95%/77% in Q4 (versus 96%/85% YoY).
Nuvama noted that though CMP captures tariff hikes/RA recovery, valuations underplay the strong RE pipeline (2.4GW in implementation) with growth likely to pick up by FY29–30E.
“We are conservatively factoring in 3.2GW of RE by FY30E versus CESC’s target of 3.2GW by FY29E. Retain ‘BUY’ with a bull case TP of INR212 factoring in timely regulatory asset recovery and 3.2GW of RE by FY30E (at ~17% RoE),” Nuvama noted.
On Thursday, the stock opened at Rs 183.60.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
