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Prices as of 8 Oct 2026 close · Not investment advice

Star Cement Limited

NSE: STARCEMENTCement & Cement Products

Share price

₹169.65

-2.99% close of 8 Oct 2026

Market cap ₹6,786 CrP/E 18.0

Business score

How strong the business is, in one number. The parts behind it are in Pro.

70

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹6,786 Cr

P/E ratio

18.0

P/B ratio

2.1

ROCE

16.6%

ROE

13.2%

Dividend yield

1.2%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹267.1552-week low ₹169.65

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 14.5% over the past year, and 10.7% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 15.9% to 23.5% over the last four years.

Whether it grew faster than its sector

It grew 10.7% a year against a sector median of 8.5% — 2.3 percentage points faster.

Room to re-rate, or risk of de-rating

At 18.0× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 35.7×, across 5 companies. It is against its own five-year median of 23.4×, the 23rd percentile of its own range.

Whether growth justifies the valuation

Priced at 1.1 times its growth rate, on earnings growth of 17%.

Profit growthPrice per ₹1 profitPer 1% growth
Star Cement Limited — this one17%/yr18.0×₹1.1
UltraTech Cement17%/yr35.7×₹2.1
Grasim Industries Limited-10%/yr33.9×—
Ambuja Cements21%/yr17.9×₹0.85
Shree Cement10%/yr47.7×₹4.8
JK Cement33%/yr39.1×₹1.2

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Cement & Cement Products), it ranks 1 of 34 on returns, 13 of 31 on growth, 1 of 34 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A narrow advantage: it earns 16.6% on capital, ahead of 97% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years it made ₹2326 crore of cash from the business but spent ₹2864 crore on plant and equipment, ₹538 crore more than it made; the gap was mostly borrowed — borrowings rose from ₹16 crore to ₹603 crore. And the profit is real: of every 100 rupees it reported over 12 years, about 166 arrived as cash — well above the profit; depreciation and interest are the reason, not a windfall. Its cash comes back faster than it used to: it went from being waiting 30 days for its cash to waiting 15 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

7 of 9 checks clear · 78%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 7 Aug 2026 · Consolidated · Unaudited

Revenue

₹943 Cr

Revenue vs last year

+3.4%

Revenue vs last quarter

-19.7%

Net profit

₹74 Cr

Profit vs last year

-24.6%

Profit vs last quarter

-49.7%

Net margin

7.8%

EPS

₹1.85

Earnings call transcript · 10 Aug 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹6,786 Cr
Prev close
₹169.65
52w High
₹273
52w Low
₹168
Enterprise value
₹7,264 Cr
Beta
0.7
Price CAGR 1y
-34.0%
Price CAGR 3y
4.0%
Price CAGR 5y
10.0%
Price CAGR 10y
—

Ratios

Return on assets
8.4%
PEG ratio
1.1
P/E ratio
18.0
P/B ratio
2.1
EV / EBITDA
8.1
Industry P/E
27.4
ROCE
16.6%
ROCE 5y average
14.0%
ROE
13.2%
Debt / Equity
0.2
Interest coverage
12.6
Dividend yield
1.2%
ROE 3y average
10.0%
ROE last year
13.0%

Annual P&L

Annual revenue
₹3,776 Cr
Annual profit
₹390 Cr
Operating margin
25.0%
Net profit margin
10.3%
EBITDA margin
24.8%
Sales growth 3y
11.8%
Sales growth 5y
17.0%
Profit growth 3y
17.0%
Profit growth 5y
10.0%
EPS
₹9.7
Sales growth TTM
15.0%
Profit growth TTM
60.0%
Dividend payout
21.0%

Quarter P&L

Sales latest quarter
₹943 Cr
Profit latest quarter
₹74 Cr
YoY quarterly sales growth
3.4%
YoY quarterly profit growth
-24.5%
OPM latest quarter
20.6%

Balance Sheet

Book Value
₹79.8
Face Value
₹1.0
Total debt
₹603 Cr
Total cash
₹125 Cr
Borrowings
₹603 Cr
Reserves / Equity
78.8

Cash Flow

Operating cash flow
₹765 Cr
Free cash flow
₹278 Cr
FCF yield
3.4%
Net cash flow
-₹27 Cr

Shareholding

Promoter holding
58.1%
FII holding
2.3%
DII holding
2.4%
Public holding
37.2%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
UltraTech Cem.10,520.1536.03,10,0072.262,603.715.824,648.215.812.7
Grasim Inds2,867.4034.01,95,1370.343,846.350.048,716.221.48.0
Ambuja Cements347.1018.486,2480.56660.0-29.89,500.0-7.75.6
Shree Cement21,629.7047.978,0420.69531.1-17.76,233.118.010.3
J K Cements4,964.6539.338,3610.40274.6-14.54,031.720.315.1
Dalmia BharatLtd1,596.2027.329,9390.54192.0-15.33,890.07.07.6
ACC1,137.2511.221,3560.65147.0-56.35,808.0-4.611.3
Star Cement168.6018.06,8141.1873.9-24.1942.93.416.6
Median157.1227.32,7350.3340.6-22.7742.79.57.0

Competes with: ACC Limited, Ambuja Cements, Dalmia Bharat, Grasim Industries Limited, JK Cement, Shree Cement, UltraTech Cement

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales7605856519147516427191,0529128118801,174943
Expenses631487503734635546615789684621678858748
Material Cost119109106137145132
Change in Inventories-157.98-18-17279.70
Purchases of Stock-in-Trade00000.230.24
Employee Cost606771706977
Other Expenses626500461488618529
Operating Profit1299914918011696104263228190202315194
OPM %17172320151515252523232721
Other Income9648123523-138
Exceptional items (within Other Income)000-5.52-5.800
Interest2334671091011121314
Depreciation32363742738389888590919991
Profit before tax104651131413988171135929920798
Tax %103835382125-19282723252924
Net Profit93417488316912398717414774
EPS in Rs2.311.011.822.170.770.140.223.052.441.781.853.661.85
Diluted EPS in Rs3.052.441.781.853.661.85

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,4301,7151,5281,6151,8311,8431,7202,2222,7052,9113,1633,7763,807
Expenses9941,3161,1191,0931,3821,4491,3871,8772,2362,3532,5852,8412,905
Material Cost566496
Change in Inventories-47-0.20
Purchases of Stock-in-Trade00.23
Employee Cost247277
Other Expenses1,8182,067
Operating Profit436399408521449394333345468557579936902
OPM %31232732252119161719182524
Other Income1124529-3633522510814
Exceptional items (within Other Income)0-11
Interest878378521497131013324650
Depreciation2241711181211069390122131147332365372
Profit before tax126145215353335322199244380424226532495
Tax %44659116-135302527
Net Profit121139195336305287187247248295169390366
EPS in Rs283.204.647.897.136.924.546.116.137.304.189.739.14
Diluted EPS in Rs4.189.73
Dividend Payout %2800130140000021

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
8%
5 years
17%
3 years
12%
TTM
15%

Compounded profit growth

10 years
12%
5 years
10%
3 years
17%
TTM
60%

Stock price CAGR

10 years
—
5 years
10%
3 years
4%
1 year
-34%

Return on equity

10 years
13%
5 years
11%
3 years
10%
Last year
13%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital424242424241414040404040
Reserves8791,0131,1041,4341,6821,8162,0332,1282,3762,6702,8393,151
Borrowings8809408014327413181635147403603
Other Liabilities388471534597499488470561680745825852
Minority Interest-0.25-3.12
Total Liabilities2,1902,4662,4802,5062,2972,3582,5622,7453,1313,6024,1074,647
Fixed Assets1,0289198637857226968239238911,4162,4212,612
CWIP41495536742381271095511,02222095
Investments221122216717322258
Other Assets1,1191,4961,5611,6841,4981,4231,6111,5451,5171,1631,4641,682
Total Assets2,1902,4662,4802,5062,2972,3582,5622,7453,1313,6024,1074,647

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity26297300421616483350417358490296765
Cash from Investing Activity-41-79-89-25-193-136-333-289-255-650-529-843
Cash from Financing Activity-210-14-218-393-348-201-3-176108622452
Net Cash Flow114-727614614-47114-74-8-27
Free Cash Flow21816211388536256243220-211-546-280278

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days799633332924282114192323
Inventory Days174221173356232233212124400255314343
Days Payable1221481012281058789135297166164189
Cash Conversion Cycle13016810516115617115110117107173177
Working Capital Days2034136162109938730-1-141015
ROCE %12121420181713121716817

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters676667666658585858585858
FIIs0.771.051.521.611.361.202.022.242.962.472.262.29
DIIs6.086.026.115.034.964.955.174.934.384.482.652.38
Public272626272736353535353737
No. of Shareholders52,00154,13056,63665,41565,62770,80465,09164,01161,66061,16762,72062,529

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -36.2% (₹265.95 → ₹169.65)Brick size ₹4.87 (fixed)Bricks 35
₹200₹250₹170Nov '25Feb '26May '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹169.65 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

EBITDA per tonne, Rs

1,774inr_per_t

2025-06-30

installed cement capacity

9.70mtpa

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

478inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

837cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

2,40,05,086inr

2026-03-31

News

News and filings about Star Cement Limited. Open one to see why it matters.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • fly ash
  • gypsum
  • limestone
  • slag

Depends on the price of

  • cement
  • coal
  • fuel

Sells to

  • Indian Railways · cement (rail infra, NE)
  • Larsen & Toubro · cement for construction/infra projects
  • Ministry of Defence · cement (institutional/border infra)
  • NHPC Limited · cement for hydro/infra projects in NE India
  • Public Works Department · cement (state PWD road/building works)

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Construction Materials
Industry
Cement & Cement Products
Classification
Construction Materials › Cement & Cement Products
ISIN
INE460H01021

Plants

  • Lumshnong integrated cement and clinker plant · Lumshnong / Khliehriat, Meghalaya
  • Mohitnagar / Siliguri grinding unit · Jalpaiguri / Siliguri, West Bengal
  • Sonapur grinding unit I · Sonapur / Guwahati, Assam
  • Sonapur grinding unit II · Sonapur / Guwahati, Assam

News impact

Big market events that reach Star Cement Limited, and how the effect spreads.

Who it hits first

  • Cement makers raised bag prices by Rs 7 in September to Rs 356, with the South up Rs 11, and plan Rs 5-20 more in October.
  • Higher per-bag prices lift sales value for makers such as UltraTech Cement, Ambuja Cements and ACC Limited without needing extra volume.
  • Whether the hikes hold depends on building demand recovering and dealers accepting them, while fuel costs have jumped sharply.

Who may gain

  • UltraTech Cement, a large cement maker, as higher per-bag prices drop straight to profit when sales hold steady.
  • Ambuja Cements, a large cement maker, as each extra rupee per bag widens what it keeps after costs.
  • ACC Limited, a major cement producer, as firmer prices lift earnings without needing to sell more bags.
  • Other pure cement makers such as Shree Cement and Dalmia Bharat, as an industry-wide hike lifts the whole group.

Along the supply chain

Downstream

Downstream home builders such as DLF Limited, a home builder, plus road and large-project builders pay more per bag, so their project costs rise unless they pass it on.

Upstream

Upstream fuel and freight suppliers such as Coal India, a coal miner, see steady orders as plants keep running, though makers will resist further fuel cost increases.

Where demand moves

Business

Builders and dealers still need cement for ongoing work, so they pay the higher bag price and makers collect more cash per bag, which turns into profit if volumes do not slip.

Capital

Investors buy cement shares on the better earnings outlook, favouring makers with clean balance sheets and low valuations first.

How it spreads across sectors

Construction

Road and building firms pay more for a key input, squeezing margins on fixed-price jobs.

Construction Materials

Makers keep more per bag, so sales and profits rise if volumes hold.

Realty

Home builders face higher build costs, which may slow launches or lift flat prices.

Commodity angle

Commodity

cement

Move series

Shock

price

Unit

INR/tonne

A pattern seen before

Cascade chain

Pattern name

Monsoon Cascade

Patterns

  • Monsoon Cascade

Sectors queried

  • FMCG

When it plays out

Immediate

Cement shares react to the Rs 7 news and October Rs 5-20 guidance while dealers decide how much to accept this week.

Medium term

If building demand recovers, higher prices stick and margins widen; if not, part of the hikes roll back and fuel costs bite.

Short term

October hike attempts roll out market by market, with dealer acceptance and post-monsoon demand setting the tone.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

12 Feb 2026interim₹1
14 Aug 2025interim₹1
17 Feb 2020interim₹1
23 Jul 2018unspecified₹1

Splits, bonuses & buybacks

  • daily-prices repair: 7 rows from NSE's archive (replace 1, delete 0, insert 6), 2020-02-01..2026-02-01 (docs/flat_day_repair.md)1× · 1 Feb 2020

Insider trades

DisclosedWhoTypeSharesValue ₹ Cr
21 Sep 2026ARUSHI KEJRIWAL · Promoter GroupBUY1,50,7492.95
21 Sep 2026Saroj Kejriwal · Promoter GroupSELL1,02,0742.00
20 Aug 2026Tanishi Agarwal · Directors Immediate RelativeBUY8,0000.16

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.