Star Cement Ltd

Star Cement Ltd

₹ 173 -3.40%
21 Nov - close price
About

Star Cements Ltd is engaged in manufacturing and selling of Cement Clinker & Cement. It sells its products across north-eastern and eastern states in India.[1] It is the largest cement manufacturer in North-east India.[2]

Key Points

Product Offerings[1]
Ordinary portland cement (OPC), Portland Pozzolana cement(PPC), Anti-rust cement (ARC), Portland Composite Cement (PCC) and Weather Shield Cement (WSC)

  • Market Cap 6,986 Cr.
  • Current Price 173
  • High / Low 256 / 162
  • Stock P/E 88.6
  • Book Value 40.4
  • Dividend Yield 0.00 %
  • ROCE 20.2 %
  • ROE 13.2 %
  • Face Value 1.00

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 12.9% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
410 540 736 658 596 621 833 773 602 659 860 472 397
373 504 649 580 545 556 715 680 525 553 742 452 404
Operating Profit 37 36 87 78 51 65 118 93 77 106 118 20 -7
OPM % 9% 7% 12% 12% 9% 10% 14% 12% 13% 16% 14% 4% -2%
5 5 6 8 8 6 5 6 5 4 25 3 4
Interest 3 3 3 4 4 4 2 3 4 3 4 4 2
Depreciation 17 18 20 18 18 21 21 19 20 20 22 39 47
Profit before tax 21 20 69 64 37 47 100 77 59 87 116 -20 -52
Tax % -7% -20% -8% 36% 37% 36% 31% 30% 38% 35% 37% -35% -28%
23 24 75 41 24 30 69 54 37 56 73 -13 -38
EPS in Rs 0.56 0.59 1.86 1.02 0.58 0.75 1.70 1.34 0.91 1.40 1.82 -0.32 -0.94
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
361 735 1,114 1,416 1,284 1,464 1,695 1,773 1,664 2,196 2,707 2,894 2,387
294 672 938 1,251 1,104 1,139 1,387 1,487 1,423 1,964 2,395 2,500 2,151
Operating Profit 67 64 176 165 180 325 308 286 241 232 312 394 236
OPM % 19% 9% 16% 12% 14% 22% 18% 16% 14% 11% 12% 14% 10%
2 1 0 0 2 4 40 28 -8 23 27 40 35
Interest 17 35 45 49 56 43 21 20 13 12 13 13 12
Depreciation 21 45 86 61 40 57 46 43 48 72 78 82 128
Profit before tax 31 -15 45 56 86 228 280 251 173 170 249 339 131
Tax % 1% 3% -2% -1% 7% 7% 9% 13% 9% -3% 34% 35%
31 -16 46 56 80 211 256 219 157 176 164 221 79
EPS in Rs 7.32 -3.74 10.98 1.34 1.91 5.03 6.10 5.30 3.81 4.36 4.06 5.46 1.96
Dividend Payout % 0% -67% 73% 0% 0% 20% 0% 19% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 15%
5 Years: 11%
3 Years: 20%
TTM: -16%
Compounded Profit Growth
10 Years: 31%
5 Years: -4%
3 Years: 4%
TTM: -58%
Stock Price CAGR
10 Years: %
5 Years: 12%
3 Years: 22%
1 Year: 4%
Return on Equity
10 Years: 16%
5 Years: 15%
3 Years: 13%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 42 42 42 42 42 42 42 41 41 40 40 40 40
Reserves 496 468 474 530 586 796 1,009 1,077 1,234 1,259 1,423 1,643 1,591
307 418 451 574 622 428 157 148 125 84 44 108 345
78 183 290 349 338 420 337 352 493 529 618 647 582
Total Liabilities 923 1,110 1,257 1,495 1,587 1,686 1,545 1,619 1,893 1,912 2,126 2,438 2,559
351 375 309 263 286 274 256 274 435 495 499 488 1,148
CWIP 35 17 22 41 46 26 61 223 110 57 360 1,007 402
Investments 239 239 239 239 239 239 239 239 279 408 347 339 339
298 479 688 952 1,017 1,147 989 883 1,069 952 920 604 670
Total Assets 923 1,110 1,257 1,495 1,587 1,686 1,545 1,619 1,893 1,912 2,126 2,438 2,559

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
18 -22 41 -43 85 247 502 453 272 260 326 407
-127 -52 -21 -33 -76 -18 -141 -115 -235 -80 -162 -531
119 63 -12 73 -8 -231 -290 -180 -38 -211 -52 36
Net Cash Flow 10 -11 8 -4 1 -2 71 158 -1 -31 112 -88

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 19 49 74 90 35 32 28 22 29 21 13 14
Inventory Days 453 91 43 53 38 76 42 42 47 37 53 34
Days Payable 127 86 84 93 46 99 50 48 97 85 85 59
Cash Conversion Cycle 345 54 34 50 28 9 20 17 -21 -27 -19 -11
Working Capital Days 135 56 72 108 166 149 73 32 24 1 -30 -40
ROCE % 6% 2% 9% 10% 12% 22% 24% 22% 16% 13% 18% 20%

Shareholding Pattern

Numbers in percentages

9 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
67.06% 67.33% 67.37% 67.42% 67.03% 67.12% 66.76% 66.55% 66.48% 66.59% 66.49% 66.47%
0.18% 0.20% 0.28% 0.40% 0.53% 0.63% 0.69% 0.77% 1.05% 1.52% 1.61% 1.36%
6.33% 6.15% 6.14% 6.15% 6.15% 6.15% 6.23% 6.08% 6.02% 6.11% 5.03% 4.96%
26.43% 26.32% 26.21% 26.03% 26.29% 26.10% 26.33% 26.59% 26.43% 25.77% 26.89% 27.20%
No. of Shareholders 52,24253,96952,53950,30445,05442,37343,86652,00154,13056,63665,41565,627

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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