Star Cement Ltd

Star Cement Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Star Cement Ltd

₹ 174 -2.87%
21 Nov 4:00 p.m.
starcement.co.in BSE: 540575 NSE: STARCEMENT
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)

Website BSE NSE
  • Market Cap ₹ 7,035 Cr.
  • Current Price ₹ 174
  • High / Low ₹ 256 / 162
  • Stock P/E 35.6
  • Book Value ₹ 67.9
  • Dividend Yield 0.00 %
  • ROCE 16.5 %
  • ROE 11.5 %
  • Face Value ₹ 1.00
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Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 11.3% 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.

Peer comparison

Sector: Cement Industry: Cement - North India

Part of Nifty Microcap 250 BSE 250 SmallCap Index BSE Allcap BSE Commodities BSE SmallCap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
406.57 554.89 749.24 665.21 594.21 617.20 829.16 760.47 585.26 651.40 913.53 751.01 641.55
334.88 487.37 635.88 541.09 524.54 508.79 662.96 631.19 486.70 502.64 733.81 634.88 545.98
Operating Profit 71.69 67.52 113.36 124.12 69.67 108.41 166.20 129.28 98.56 148.76 179.72 116.13 95.57
OPM % 17.63% 12.17% 15.13% 18.66% 11.72% 17.56% 20.04% 17.00% 16.84% 22.84% 19.67% 15.46% 14.90%
8.69 7.04 9.19 14.06 13.55 11.73 12.74 8.73 5.77 4.13 7.83 1.38 1.63
Interest 6.76 2.39 2.36 2.58 2.64 3.30 1.18 2.24 3.25 2.96 4.15 5.90 7.11
Depreciation 29.45 31.54 35.14 30.43 31.54 34.07 35.07 31.81 36.02 36.51 42.26 72.55 82.53
Profit before tax 44.17 40.63 85.05 105.17 49.04 82.77 142.69 103.96 65.06 113.42 141.14 39.06 7.56
Tax % -5.34% -7.85% -3.96% 35.76% 36.66% 36.11% 32.64% 10.29% 37.50% 35.17% 37.88% 20.69% 25.00%
46.53 43.82 88.42 67.56 31.06 52.87 96.12 93.26 40.67 73.52 87.67 30.99 5.67
EPS in Rs 1.13 1.08 2.19 1.67 0.77 1.31 2.38 2.31 1.01 1.82 2.17 0.77 0.14
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
481 1,028 1,430 1,715 1,528 1,615 1,831 1,843 1,720 2,222 2,705 2,911 2,957
362 795 994 1,316 1,119 1,093 1,382 1,449 1,387 1,877 2,236 2,353 2,417
Operating Profit 119 233 436 399 408 521 449 394 333 345 468 557 540
OPM % 25% 23% 31% 23% 27% 32% 25% 21% 19% 16% 17% 19% 18%
2 3 1 1 2 4 5 29 -36 33 52 25 15
Interest 27 83 87 83 78 52 14 9 7 13 10 13 20
Depreciation 45 157 224 171 118 121 106 93 90 122 131 147 234
Profit before tax 49 -5 126 145 215 353 335 322 199 244 380 424 301
Tax % 12% -28% 4% 4% 6% 5% 9% 11% 6% -1% 35% 30%
43 -3 121 139 195 336 305 287 187 247 248 295 198
EPS in Rs 10.24 -1.00 28.30 3.20 4.64 7.89 7.13 6.92 4.54 6.11 6.13 7.30 4.90
Dividend Payout % 0% -250% 28% 0% 0% 13% 0% 14% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 11%
5 Years: 10%
3 Years: 19%
TTM: 6%
Compounded Profit Growth
10 Years: 61%
5 Years: 0%
3 Years: 6%
TTM: -30%
Stock Price CAGR
10 Years: %
5 Years: 13%
3 Years: 23%
1 Year: 8%
Return on Equity
10 Years: 14%
5 Years: 12%
3 Years: 11%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 817 801 879 1,013 1,104 1,434 1,682 1,816 2,033 2,128 2,376 2,670 2,706
830 964 880 940 801 432 74 13 18 16 35 147 379
288 309 388 471 534 597 499 488 470 561 680 745 691
Total Liabilities 1,978 2,116 2,190 2,466 2,480 2,506 2,297 2,358 2,562 2,745 3,131 3,602 3,816
1,130 1,143 1,028 919 863 785 722 696 823 923 891 1,416 2,067
CWIP 129 99 41 49 55 36 74 238 127 109 551 1,022 467
Investments 2 2 2 2 1 1 2 2 2 167 173 2 2
717 873 1,119 1,496 1,561 1,684 1,498 1,423 1,611 1,545 1,517 1,163 1,280
Total Assets 1,978 2,116 2,190 2,466 2,480 2,506 2,297 2,358 2,562 2,745 3,131 3,602 3,816

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-74 233 262 97 300 421 616 483 350 417 358 490
-316 -114 -41 -79 -89 -25 -193 -136 -333 -289 -255 -650
392 -132 -210 -14 -218 -393 -348 -201 -3 -176 10 86
Net Cash Flow 2 -14 11 4 -7 2 76 146 14 -47 114 -74

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 63 44 79 96 33 33 29 24 28 21 14 19
Inventory Days 590 378 174 221 173 356 232 233 212 124 400 255
Days Payable 158 176 122 148 101 228 105 87 89 135 297 167
Cash Conversion Cycle 495 247 130 168 105 161 156 171 151 10 117 107
Working Capital Days 196 57 68 112 208 192 119 96 91 31 3 -6
ROCE % 4% 12% 12% 14% 20% 18% 17% 13% 12% 17% 16%

Shareholding Pattern

Numbers in percentages

8 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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