Archive · 25 Jul 2025
Emkay Global Initiates Coverage on CESC with a Buy Rating
Emkay Global thinks CESC shares are a good buy, predicting a rise in value.
They believe the company's focus on renewable energy, like solar and wind power, will help it grow a lot.
CESC is also working on making its electricity distribution better.
They plan to spend money on this using their own money, without needing to borrow a lot.
They expect the company to make more profit and have stable finances in the coming years.
Emkay Global initiated coverage on CESC with a 'Buy' rating.
The target price for CESC is set at Rs 225, with a potential upside of 28%.
CESC is focusing on expanding its renewable energy capacity.
The company is strengthening its distribution facilities with annual capital expenditure.
CESC is leveraging strong cash flows to meet expenditure demands.
- Who
- Emkay Global and CESC
- What
- Emkay Global initiated coverage on CESC with a 'Buy' rating and a target price of Rs 225, predicting a potential upside of nearly 28 per cent, due to CESC's strategic focus on expanding its renewable energy capacity.
- When
- The financial analysis is looking at the period from FY25 to FY29.
- Where
- India
- Why
- Emkay Global believes in the growth of CESC due to its investments in renewable energy and strengthening distribution facilities.
- Target Price
- Rs 225
- Potential Upside
- 28%
- RE CAGR (FY25-29)
- 25%
- PAT CAGR (FY25-28E)
- 11%
- PAT margin expansion (FY25-28E)
- 40 bps
- Annual Capex
- Rs11 billion
- Net debt/Ebitda by FY28E
- 5.2x