Star Cement Ltd (STARCEMENT) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 540575 | NSE: STARCEMENT | Cement & Construction Materials | Small Cap

Star Cement Share Price

223.10 0.70 0.31%
as on 05-Dec'25 16:59

Star Cement Ltd (STARCEMENT) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 540575 | NSE: STARCEMENT | Cement & Construction Materials | Small Cap

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Based on:

Overall Rating
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1. Quality


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2. Valuation


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3. Price Trend


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Star Cement stock performance -

Key Ratios
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P/E Ratio (CD):
29.70
Market Cap:
8,989 Cr.
52-wk low:
193.9
52-wk high:
308.1

Is Star Cement Ltd an attractive stock to invest in?


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10 Year X-Ray of Star Cement: Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Star Cement Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 12%14.9%21%18.8%18%10.4%12.1%16.9%16.5%8.4%-
Value Creation
Index
-0.10.10.60.40.3-0.3-0.10.20.2-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,7151,5281,6151,8311,8431,7202,2222,7052,9113,1633,494
Sales YoY Gr.--10.9%5.7%13.4%0.7%-6.7%29.2%21.7%7.6%8.7%-
Adj EPS 3.24.67.97.16.95.66.16.17.34.27.5
YoY Gr.-44.6%70%-9.6%-3%-18.6%8.5%0.3%19.1%-43.2%-
BVPS (₹) 25.227.335.241.14550.353.759.867.171.274.4
Adj Net
Profit
134195331299286232247248295168303
Cash Flow from Ops. 97300421617483350417358490296-
Debt/CF from Ops. 9.72.710.10000.10.31.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7%11.4%12.5%8.7%
Adj EPS 2.9%-9.7%-12.1%-43.2%
BVPS12.3%9.6%9.9%6.3%
Share Price - 18.5% 28.1% 10.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
13.617.725.218.71611.811.610.811.5610.3
Op. Profit
Mgn %
23.326.732.324.521.419.315.517.319.118.322.5
Net Profit
Mgn %
8.213.220.816.715.613.511.19.210.15.38.7
Debt to
Equity
0.90.70.3000000.10.10.2
Working Cap
Days
2663443412831971781381139910357
Cash Conv.
Cycle
8476384546482210172914

Recent Performance Summary

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Latest Financials - Star Cement Ltd.

Standalone Consolidated
TTM EPS (₹) 0.8 7.5
TTM Sales (₹ Cr.) 2,176 3,494
BVPS (₹.) 40.2 74.4
Reserves (₹ Cr.) 1,583 2,968
P/BV 5.54 2.99
PE 280.22 29.70
From the Market
52 Week Low / High (₹) 193.85 / 308.10
All Time Low / High (₹) 56.00 / 308.10
Market Cap (₹ Cr.) 8,989
Equity (₹ Cr.) 40.4
Face Value (₹) 1
Industry PE 37.1

Management X-Ray of Star Cement:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.080.080.601.121.331.331.34
* Pledged shares as % of Promoter's holding (%)

Valuation of Star Cement - Consolidated Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Event Update

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Analyst's Notes

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No data found!

Key Ratios of Star Cement

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales1,7151,5281,6151,8311,8431,7202,2222,7052,9113,163
Operating Expenses 1,3161,1201,0931,3821,4491,3871,8772,2362,3542,585
Manufacturing Costs306273294359451432557742757776
Material Costs347342302437402403571329463511
Employee Cost 108119107116127131159197215247
Other Costs 5553863894704694215899689201,050
Operating Profit 399408521449394333345468556578
Operating Profit Margin (%) 23.3%26.7%32.3%24.5%21.4%19.3%15.5%17.3%19.1%18.3%
Other Income 1345302833522611
Interest 837852149713101332
Depreciation 1711181211069390122131147332
Exceptional Items -10000-650000
Profit Before Tax 145215353335322199244380424226
Tax 61416303412-313212857
Profit After Tax 139201336305287187247248295169
PAT Margin (%) 8.1%13.1%20.8%16.7%15.6%10.9%11.1%9.2%10.1%5.3%
Adjusted EPS (₹)3.24.67.97.16.94.56.16.17.34.2
Dividend Payout Ratio (%)0%0%13%0%14%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 1,0551,1461,4761,7241,8572,0742,1682,4162,7102,879
Share Capital 42424242414140404040
Reserves 1,0131,1041,4341,6821,8162,0332,1282,3762,6702,839
Minority Interest53576268700000-0
Debt749672332511115526130369
Long Term Debt3843721992100072293
Short Term Debt3653011335010155265876
Trade Payables140941891259698212277219233
Others Liabilities 46842437728988149120122304383
Total Liabilities 2,4662,3922,4362,2582,1222,3362,5062,8423,3623,864

Fixed Assets

Gross Block1,6741,0041,0561,0961,1671,3861,6071,7052,3673,696
Accumulated Depreciation7551412713744715636848149511,275
Net Fixed Assets 9198637857226968239238911,4162,421
CWIP 495536742381271095511,022220
Investments 21122216717322
Inventories209161295277257235195374335446
Trade Receivables449138146144122132129105151200
Cash Equivalents 2420202112844723853129752
Others Assets 8151,1541,153828524547598438340523
Total Assets 2,4662,3922,4362,2582,1222,3362,5062,8423,3623,864

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 97300421616483350417358490296
PBT 145215353335322199244380424226
Adjustment 253186169115747410294138362
Changes in Working Capital -273-72-35226138108106-474-223
Tax Paid -28-28-66-59-51-30-35-68-76-69
Cash Flow From Investing Activity -79-89-25-193-136-333-289-255-650-529
Capex -81-89-32-80-227-107-197-569-1,036-576
Net Investments 0-33-11575-191-12225135535
Others 134316-3631633112
Cash Flow From Financing Activity -14-218-393-348-201-3-1761086224
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -106-76-173-197-1-1-0072242
Interest Paid -83-78-52-14-9-7-13-10-11-29
Dividend Paid 000-52-5000000
Others 175-64-168-85-1414-163202511
Net Cash Flow 4-727614614-47114-74-8

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)14.118.2525.6419.0616.059.5211.6310.811.516.04
ROCE (%)12.0414.8621.0118.8318.0410.4212.0616.8716.518.42
Asset Turnover Ratio0.760.640.670.780.910.8411.111.040.98
PAT to CFO Conversion(x)0.71.491.252.021.681.871.691.441.661.75
Working Capital Days
Receivable Days79693229242520141418
Inventory Days33445157494832354040
Payable Days1141251711311008899272195161

Star Cement Ltd Stock News

Star Cement Ltd FAQs

The current trading price of Star Cement on 05-Dec-2025 16:59 is ₹223.1.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Dec-2025 the market cap of Star Cement stood at ₹8,989.
The latest P/E ratio of Star Cement as of 04-Dec-2025 is 280.2.
The latest P/B ratio of Star Cement as of 04-Dec-2025 is 5.54.
The 52-week high of Star Cement is ₹308.1 and the 52-week low is ₹193.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Star Cement is ₹2,176 ( Cr.) .

About Star Cement Ltd

Star Cement (formerly Cement Manufacturing Company Limited) is a public limited company domiciled in India and incorporated on November 02, 2001 as per the provisions of the Companies Act. The company is the largest cement manufacturer in north east India. The manufacturing units are located at Lumshnong, Meghalaya and Guwahati, Assam. The Company is selling its product across north eastern and eastern states of India. The company’s brand ‘Star Cement’ has established itself as the most accredited brand of the region on grounds of both quality and fair pricing.

Star Cement is listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Star Cement is one of the most profitable cement manufacturers in North East India. The company has received BIS License for the products being sold in the market. The company has developed a good image in the Market since launch of the product due to its superior quality. The company has also received ISO certificate.

Business area of the company

The Company is engaged in the manufacturing and selling of Cement Clinker & Cement.

Products

  • Ordinary Portland Cement 53 & 43 Grade
  • Portland Pozzolana Cement (PPC)
  • Star Anti Rust Cement (ARC)
  • Portland Slag Cement

Awards and accreditations

2016-17

  • ABP News HR & Leadership Awards for Excellence in Employee Engagement in February 2016
  • Transport Excellence Award 2016 - National Award in Mining and in the Construction segment
  • Gold Award (Alternative Media - Any single execution on non-conventional OOH) and Silver Award (Outdoor Media Plan of the Year - Local) at OAA 2016
  • Award for Best practices in Employee Engagement - National HRD Network in 2016
  • Awarded first prize in the Thermal Power Station sector - National Energy Conservation Award, 2015 and 2014
  • Award for Most Preferred Cement Brand for five years consecutively at the North East Consumer Awards in 2015

2018-19

  • The company has won the ‘CSR Leadership Award’ in Manufacturing category organised by World CSR Congress and ET NOW for its exemplary contribution to the neighboring community of cement plant operational area through implementation of various CSR projects in the domain of health & sanitation, education, livelihood, rural development, environment and bio-diversity verticals.
  • The company received a ‘Certificate of Appreciation’ from the Office of the Deputy Commissioner, Kamrup, Assam for making adequate arrangement for serving food and water to the devotees during the Ambubachi Mahotsav, 2018.

2019-20

  • The Company has won the coveted ‘Supply Chain & Logistics Excellence (SCALE) Award 2019’- under Cement Industry Category organised by the prestigious Confederation of Indian Industry (CII) Institute of Logistics.
  • The Company has received a Certificate of Appreciation from Deputy Commissioner, Kamrup Metropolitan District for maintaining high standard of Workmanship, Hygiene, Maintenance of Cleanliness, Discipline, Sanitation and in serving drinking water to devotees in Ma Kamakhya Temple during Ambubachi, 2019 which was carried out for a period of one week in the month of June, 2019.

Milestones

2016-17

  • Installed mesh in coal mill outlet to avoid foreign material, resulting in a steady coal flow that is expected to reduce flushing from FK pump and kiln downtime.
  • Installed variable fan drives in raw mill cyclone discharge bag filter, raw mill reject bag filter fan, RABH air slide blower bag filter fan, kiln tire cooling fan, blending silo top bag filter fan and silo aeration blower, lowering power consumption.

2017-18

  • Invested a sum of Rs. 2.8 billion over the past decade and launched aggressive campaigns outside North East India.
  • Engaged local celebrities for endorsing its brands (Debojit Saha, Saurabhee Debbarma and Lou Majaw, among others.

2018-19

  • Company has won the ‘CSR Leadership Award’ in Manufacturing category organised by World CSR Congress and ET NOW for its exemplary contribution to the neighboring community of cement plant operational area through implementation of various CSR projects in the domain of health & sanitation, education, livelihood, rural development, environment and bio-diversity verticals. Your Company also received a ‘Certificate of Appreciation’ from the Office of the Deputy Commissioner, Kamrup, Assam for making adequate arrangement for serving food and water to the devotees during the Ambubachi Mahotsav, 2018”.

2019-20

  • The Company launched Star Anti Rust cement through a 360 degree campaign ‘Dhalai Mein Must Star Anti Rust’ using above-the-line and below-the-line modes of promotion; it established the need for using Anti Rust Cement in dhalai applications.
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