Star Cement Limited
NSE: STARCEMENT · Cement & Cement Products · sector
₹160.59NSE close 2026-10-26
Key numbers
Market cap₹6,491 cr
Price₹160.59
52w high / low₹270 / ₹161
P/E17.6xSector median 21.5x
P/B2.0xSector median 1.4x
Book value₹79.0
Dividend yield1.24%Sector median 0.64%
ROE12.2%Sector median 7.3%
ROCE14.4%Sector median 6.3%
OPM23.4%Sector median 10.9%
Debt / equity0.18xSector median 0.48x
EV/EBITDA7.8xSector median 14.1x
Interest cover10.9x
Current ratio1.31x
Sales growth 3y+11.8%Sector median +1.9%
Profit growth 3y+16.7%Sector median +16.8%
PEG1.06x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 38 companies in Cement & Cement Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹125 cr vs borrowings ₹586 cr (FY26): borrowings are higher by ₹462 cr.
- Borrowings rose in each of the last 3 years (₹26 cr → ₹586 cr).
- Operating profit covered interest 10.9x in the last 12 months.
- 1.33% of the promoters' shares are pledged (0.8% of all shares).
- Promoter holding rose by 0.52 percentage points in a year, to 58.11% (2026-09-30).
- Operating cash flow was below net profit in 0 of the last 5 years.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 7% of net profit in the last 12 months.
- Dividend paid in 1 of the last 5 financial years.
- Price ₹160.59 on 2026-10-26: -40.4% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹291.60 · low ₹160.59
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 642 | 719 | 1,052 | 912 | 811 | 880 | 1,174 | 943 |
| EBITDA | 96 | 104 | 263 | 228 | 190 | 197 | 309 | 194 |
| OPM % | 14.9% | 14.5% | 25.0% | 25.0% | 23.5% | 22.4% | 26.4% | 20.6% |
| Other income | 2 | 3 | 5 | 2 | 3 | 5 | 9 | 8 |
| Net profit | 6 | 9 | 123 | 98 | 72 | 75 | 148 | 75 |
| EPS (₹) | 0.14 | 0.22 | 3.05 | 2.44 | 1.78 | 1.85 | 3.66 | 1.85 |
| Revenue YoY | +26.4% | +22.4% | +11.5% | +3.4% | ||||
| Profit YoY | +1,153.5% | +726.9% | +20.2% | -24.1% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 2,222 | 2,705 | 2,911 | 3,163 | 3,776 | 3,807 |
| EBITDA | 345 | 468 | 556 | 579 | 925 | 891 |
| Net profit | 247 | 248 | 295 | 169 | 393 | 370 |
| EPS (₹) | 6.04 | 6.13 | 7.30 | 4.18 | 9.73 | 9.14 |
| Revenue growth | +21.7% | +7.6% | +8.7% | +19.4% | +14.5% | |
| Profit growth | +0.3% | +19.2% | -42.8% | +132.9% | +56.4% | |
| Dividend / share (₹) | – | – | – | – | 2.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +11.8% | +17.0% | +14.5% |
| Net profit | +16.7% | +16.0% | +56.4% |
| EPS | +16.6% | +16.5% | – |
| Share price | – | -11.1% (2y) | -37.3% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 2,416 | 2,710 | 2,879 | 3,191 |
| Borrowings | – | 26 | 130 | 390 | 586 |
| Cash & equivalents | – | 312 | 97 | 52 | 125 |
| Total assets | – | 3,131 | 3,602 | 4,107 | 4,647 |
| Fixed assets | – | 887 | 1,413 | 2,413 | 2,589 |
| Capital work in progress | – | 551 | 1,019 | 220 | 112 |
| Investments | – | 173 | 2 | 2 | 258 |
| Receivables | – | 105 | 151 | 200 | 242 |
| Inventory | – | 374 | 335 | 446 | 466 |
| Payables | – | 282 | 220 | 233 | 257 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 417 | 375 | 490 | 296 | 765 |
| Cash from investing | -289 | -272 | -650 | -529 | -843 |
| Cash from financing | -176 | 10 | 86 | 224 | 52 |
| Capex | 199 | 572 | 1,036 | 581 | 493 |
| Free cash flow | 218 | -197 | -547 | -285 | 272 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 10.2% | 10.9% | 5.9% | 12.3% |
| ROCE % | – | 15.9% | 15.4% | 7.9% | 15.3% |
| Debtor days | – | 14 | 19 | 23 | 23 |
| Inventory days | – | 218 | 255 | 314 | 343 |
| Payable days | – | 165 | 167 | 163 | 189 |
| Cash conversion cycle (days) | – | 67 | 107 | 174 | 177 |
| Working capital days | – | 63 | -2 | 16 | 27 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 58.11% |
| FIIs | 1.66% |
| DIIs | 2.49% |
| of which Mutual funds | 2.49% |
| Government | 0.00% |
| Public (non-institutions) | 37.73% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 57.69% | 57.66% | 57.66% | 57.59% | 57.62% | 58.12% | 58.10% | 58.11% |
| Promoter group | % |
|---|---|
| Sajjan Bhajanka | 12.02% |
| Prem Kumar Bhajanka | 10.76% |
| Divya Agarwal | 4.62% |
| Santosh Bhajanka | 4.40% |
| Sanjay Agarwal | 4.36% |
| Brijdham Merchants PVT Ltd | 2.51% |
| SRI RAM Vanijya PVT Ltd | 2.46% |
| Sumangal International PVT Ltd | 2.18% |
| Sumangal Business PVT Ltd | 1.93% |
| SRI RAM Merchants PVT Ltd | 1.89% |
| Yash Bala Bhajanka | 1.12% |
| Rajesh Kumar Agarwal | 0.87% |
| Hardeo DAS Kamakhya Prasad HUF | 0.77% |
| Laxmi Chamaria | 0.77% |
| Kailash Prasad Chamaria | 0.73% |
| Public holders above 1% | % |
|---|---|
| Ultratech Cement Limited | 8.42% |
| Mahabir Prasad Agarwal | 4.59% |
| Mahabir Prasad Agarwal | 4.56% |
| Subham Capital Private Limited | 4.22% |
| Brij Bhusan Agarwal & Sons | 2.81% |
| SBI Flexicap Fund | 2.04% |
| Subham Buildwell Private Limited | 1.87% |
| Mahabir Prasad Agarwal & Sons | 1.23% |
63,480 shareholders. Pledged: 1.33% of promoter shares.
Peers in Cement & Cement Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| ULTRACEMCO | ₹3,29,452 cr | 37.4x | 4.5x | 12.1% | 13.5% | 19.0% | +11.9% | 0.69% |
| GRASIM | ₹2,00,762 cr | 35.1x | 1.9x | 5.7% | 5.9% | 14.2% | +14.2% | 0.83% |
| AMBUJACEM | ₹91,448 cr | 20.8x | 1.5x | 7.8% | 4.8% | 14.6% | +1.4% | 0.62% |
| SHREECEM | ₹84,932 cr | 52.1x | 3.6x | 7.3% | 9.6% | 20.9% | +5.5% | 0.60% |
| JKCEMENT | ₹38,133 cr | 40.3x | 5.4x | 14.4% | 13.7% | 15.9% | +12.2% | 0.30% |
| DALBHARAT | ₹30,890 cr | 32.6x | 1.7x | 2.3% | 6.9% | 18.5% | +3.0% | 0.55% |
| ACC | ₹21,934 cr | 11.5x | 1.1x | 9.8% | 9.2% | 10.4% | +5.3% | 0.64% |
| RAMCOCEM | ₹17,620 cr | 27.3x | 2.2x | 8.3% | 10.1% | 20.7% | +3.4% | 0.27% |
| JSWCEMENT | ₹15,880 cr | 20.5x | 2.4x | 11.6% | 9.8% | 17.2% | – | – |
| STARCEMENT | ₹6,491 cr | 17.6x | 2.0x | 12.2% | 14.4% | 23.4% | +11.8% | 1.24% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-02-12 | Dividend | Interim Dividend - Re 1 Per Share |
| 2025-08-14 | Dividend | Interim Dividend - Re 1 Per Share |
| 2024-09-19 | Other | Annual General Meeting |
| 2023-09-21 | Other | Annual General Meeting |
| 2022-09-19 | Other | Annual General Meeting |
| 2021-09-27 | Other | Annual General Meeting |
| 2021-08-25 | Buyback | Buy Back |
| 2020-09-21 | Other | Annual General Meeting |
| 2020-02-17 | Dividend | Interim Dividend - Re 1 Per Share |
| 2019-09-17 | Other | Annual General Meeting |
| 2019-07-04 | Buyback | Buyback |
| 2018-07-23 | Dividend | Annual General Meeting/Dividend- Re 1 Per Share |
| 2017-09-06 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Cement and Clinker manufacturing
| Sector | Commodities |
| Industry | Cement & Cement Products |
| Sub-industry | Cement & Cement Products |
| Symbol | STARCEMENT |
| BSE code | 540575 |
| ISIN | INE460H01021 |
| Face value | ₹1.0 |
| Incorporated | 2001-11-02 |
| Website | www.starcement.co.in |
| Plants (India / abroad) | 9 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.