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Star Cement Limited
NSE: STARCEMENT · Unclassified
₹172.51-4.20%06 Nov 2026
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Instant answers about Star Cement Limited — computed from its filings, no language modelMarket cap₹6,973 cr
Current price₹172.51
High / Low₹260 / ₹158
P/E18.9
P/B2.18
Book value₹79.0
ROE11.6%
ROCE14.4%
Debt / equity0.18
Dividend yield1.16%
EPS (TTM)₹9.15
Face value₹1
Price & valuation
split & bonus adjusted · pick a metric and rangeAnnual performance
annual · ₹ crore · line = operating margin| FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,629 | 1,831 | 1,844 | 1,720 | 2,222 | 2,705 | 2,911 | 3,163 | 3,776 |
| EBITDA | 521 | 449 | 395 | 333 | 345 | 468 | 556 | 579 | 936 |
| Operating margin | 32.0% | 24.5% | 21.4% | 19.3% | 15.5% | 17.3% | 19.1% | 18.3% | 24.8% |
| Interest | 52 | 14 | 9 | 7 | 13 | 10 | 13 | 32 | 46 |
| Depreciation | 121 | 106 | 93 | 90 | 122 | 131 | 147 | 332 | 365 |
| Profit before tax | 353 | 335 | 322 | 199 | 244 | 380 | 424 | 226 | 532 |
| Tax | 16 | 30 | 34 | 12 | -3 | 132 | 128 | 57 | 142 |
| Net profit | 331 | 299 | 286 | 187 | 247 | 248 | 295 | 169 | 393 |
| EPS ₹ | 7.88 | 7.13 | 6.85 | 4.54 | 6.04 | 6.13 | 7.30 | 4.18 | 9.73 |
| Operating cash flow | — | — | — | — | 417 | 375 | 490 | 296 | 765 |
| Capex | — | — | — | — | 199 | 572 | 1,036 | 581 | 493 |
| Dividend paid | — | — | — | — | 0 | 0 | 0 | 0 | 81 |
| Total assets | — | — | — | — | — | 3,131 | 3,602 | 4,107 | 4,647 |
| Equity | — | — | — | — | — | 2,416 | 2,710 | 2,879 | 3,191 |
Quarterly performance
last 32 quarters · ₹ crore| MAR '18 | SEP '18 | DEC '18 | MAR '19 | SEP '19 | DEC '19 | MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 523 | 362 | 416 | 534 | 382 | 451 | 549 | 292 | 402 | 423 | 603 | 511 | 407 | 555 | 749 | 666 | 594 | 620 | 825 | 760 | 585 | 651 | 914 | 751 | 642 | 719 | 1,052 | 912 | 811 | 880 | 1,174 | 943 |
| Operating profit | 144 | 69 | 122 | 127 | 64 | 94 | 125 | 65 | 79 | 84 | 104 | 93 | 72 | 68 | 113 | 124 | 70 | 108 | 166 | 129 | 99 | 149 | 180 | 116 | 96 | 104 | 263 | 228 | 190 | 202 | 315 | 194 |
| Operating margin | 27.6% | 19.0% | 29.3% | 23.7% | 16.8% | 20.8% | 22.7% | 22.4% | 19.6% | 19.8% | 17.3% | 18.1% | 17.6% | 12.2% | 15.1% | 18.6% | 11.7% | 17.5% | 20.1% | 17.0% | 16.8% | 22.8% | 19.7% | 15.5% | 14.9% | 14.5% | 25.0% | 25.0% | 23.5% | 23.0% | 26.8% | 20.6% |
| Other income | 3 | 1 | 1 | 3 | 8 | 7 | 7 | 6 | 7 | 7 | 8 | 8 | 9 | 7 | 9 | 14 | 14 | 12 | 13 | 9 | 6 | 4 | 8 | 1 | 2 | 3 | 5 | 2 | 3 | 5 | 9 | 8 |
| Interest | 9 | 3 | 3 | 3 | 1 | 4 | 2 | 2 | 2 | 2 | 2 | 2 | 7 | 2 | 2 | 3 | 3 | 3 | 1 | 2 | 3 | 3 | 4 | 6 | 7 | 10 | 9 | 10 | 11 | 12 | 13 | 14 |
| Depreciation | 24 | 27 | 26 | 24 | 23 | 23 | 25 | 20 | 21 | 21 | 28 | 26 | 29 | 32 | 35 | 30 | 32 | 34 | 35 | 32 | 36 | 37 | 42 | 73 | 83 | 89 | 88 | 85 | 90 | 91 | 99 | 91 |
| Profit before tax | 114 | 39 | 94 | 103 | 49 | 73 | 105 | 49 | 63 | 4 | 83 | 74 | 44 | 41 | 85 | 105 | 49 | 83 | 143 | 104 | 65 | 113 | 141 | 39 | 8 | 8 | 171 | 135 | 92 | 99 | 207 | 98 |
| Tax | 5 | 1 | 10 | 12 | 3 | 2 | 18 | 5 | 1 | 4 | 2 | 6 | -2 | -3 | -3 | 38 | 18 | 30 | 47 | 11 | 24 | 40 | 53 | 8 | 2 | -1 | 48 | 36 | 21 | 24 | 60 | 24 |
| Net profit | 108 | 36 | 0 | 90 | 45 | 71 | 86 | 43 | 60 | -2 | 85 | 68 | 47 | 44 | 88 | 68 | 31 | 53 | 96 | 93 | 41 | 74 | 88 | 0 | 6 | 9 | 123 | 98 | 72 | 75 | 148 | 75 |
| EPS ₹ | 2.57 | 0.87 | 1.96 | 2.14 | 1.06 | 1.71 | 2.08 | 1.05 | 1.46 | -0.04 | 2.07 | 1.65 | 1.13 | 1.09 | 2.19 | 1.67 | 0.77 | 1.31 | 2.38 | 2.31 | 1.01 | 1.82 | 2.17 | 0.77 | 0.14 | 0.22 | 3.05 | 2.44 | 1.78 | 1.85 | 3.66 | 1.85 |
| Revenue YoY | — | — | — | 2.1% | 5.6% | 8.3% | 2.8% | — | 5.1% | -6.1% | 9.7% | 75.1% | 1.2% | 31.0% | 24.3% | 30.3% | 46.2% | 11.7% | 10.1% | 14.2% | -1.5% | 5.1% | 10.7% | -1.2% | 9.6% | 10.3% | 15.2% | 21.4% | 26.4% | 22.4% | 11.5% | 3.4% |
| Profit YoY | — | — | — | -16.8% | 22.6% | — | -4.4% | — | 35.1% | -102.5% | -0.6% | 57.0% | -22.8% | — | 3.7% | -0.6% | -33.2% | 20.7% | 8.7% | 38.0% | 30.9% | 39.1% | -8.8% | -100.0% | -85.9% | -87.7% | 40.5% | — | 1153.5% | 726.9% | 20.2% | -24.1% |
Earlier results (standalone, Jun '17 – Dec '17)
₹ crore · from BSE, before the NSE XBRL filings beginStar Cement Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.
Quarters
| JUN '17† | SEP '17† | DEC '17† | |
|---|---|---|---|
| Revenue | 414 | 258 | 343 |
| Operating profit | 97 | 52 | 85 |
| Operating margin | 23.5% | 20.2% | 24.9% |
| Other income | 0 | 1 | 0 |
| Interest | 13 | 12 | 11 |
| Depreciation | 13 | 15 | 12 |
| Profit before tax | 72 | 26 | 62 |
| Tax | 4 | 4 | 3 |
| Net profit | 68 | 22 | 59 |
| EPS ₹ | 1.63 | 0.52 | 1.42 |
Returns & margins
trailing-twelve-month, per quarter| JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | — | 10.2% | 10.6% | 10.2% | 11.3% | 11.1% | 11.9% | 10.9% | 7.4% | 6.1% | 3.7% | 4.8% | 8.2% | 10.1% | 12.2% | 12.3% | 11.6% |
| ROCE | — | — | — | — | — | — | — | — | — | 12.5% | 14.4% | 15.9% | 15.9% | 15.8% | 16.9% | 15.4% | 13.2% | 10.3% | 7.2% | 7.9% | 10.9% | 12.2% | 14.8% | 15.3% | 14.4% |
| Net margin | 14.6% | 15.4% | 11.3% | 10.9% | 10.9% | 10.2% | 11.7% | 11.1% | 10.4% | 9.0% | 9.1% | 9.2% | 9.8% | 10.1% | 10.8% | 10.1% | 7.0% | 5.6% | 3.4% | 4.4% | 7.1% | 8.7% | 10.1% | 10.4% | 9.7% |
| EBITDA margin | 20.8% | 21.4% | 21.2% | 19.3% | 18.6% | 18.1% | 16.2% | 15.5% | 15.8% | 14.6% | 15.8% | 17.3% | 16.9% | 18.0% | 19.2% | 19.1% | 18.7% | 18.3% | 16.4% | 18.3% | 20.8% | 22.5% | 24.2% | 24.8% | 23.7% |
| Debt / equity | — | — | — | — | — | — | — | — | — | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.05 | 0.05 | 0.13 | 0.13 | 0.14 | 0.14 | 0.21 | 0.21 | 0.18 | 0.18 |
| Interest coverage | 34.64 | 32.35 | 31.20 | 29.55 | 32.23 | 17.95 | 20.17 | 19.25 | 20.52 | 29.07 | 30.60 | 40.14 | 41.43 | 40.57 | 45.15 | 34.62 | 23.06 | 15.97 | 8.25 | 8.14 | 9.95 | 11.19 | 12.78 | 12.50 | 10.93 |
| Asset turnover | — | — | — | — | — | — | — | — | — | 0.88 | 0.90 | 0.86 | 0.89 | 0.86 | 0.87 | 0.81 | 0.81 | 0.78 | 0.79 | 0.77 | 0.81 | 0.80 | 0.84 | 0.81 | 0.82 |
Balance sheet
equity vs borrowings over time · ₹ crore| SEP '22 | MAR '23 | SEP '23 | MAR '24 | SEP '24 | MAR '25 | SEP '25 | MAR '26 | |
|---|---|---|---|---|---|---|---|---|
| Share capital | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 |
| Other equity / reserves | 2,226 | 2,376 | 2,509 | 2,670 | 2,706 | 2,839 | 2,968 | 3,151 |
| Total equity | 2,267 | 2,416 | 2,549 | 2,710 | 2,746 | 2,879 | 3,008 | 3,191 |
| Borrowings | 49 | 26 | 16 | 130 | 362 | 390 | 636 | 586 |
| Current liabilities | 462 | 528 | 657 | 781 | 844 | 896 | 856 | 920 |
| Non-current liabilities | 181 | 187 | 29 | 111 | 226 | 332 | 508 | 539 |
| Total assets | 2,909 | 3,131 | 3,235 | 3,602 | 3,816 | 4,107 | 4,372 | 4,647 |
| Property, plant & equipment | 871 | 887 | 1,028 | 1,413 | 2,060 | 2,413 | 2,395 | 2,589 |
| Capital work-in-progress | 222 | 551 | 813 | 1,019 | 467 | 220 | 256 | 112 |
| Investments | 190 | 173 | 99 | 2 | 2 | 2 | 37 | 258 |
| Inventories | 191 | 374 | 368 | 335 | 368 | 446 | 485 | 466 |
| Receivables | 134 | 105 | 99 | 151 | 163 | 200 | 181 | 242 |
| Cash & equivalents | 7 | 122 | 28 | 48 | 10 | 40 | 105 | 13 |
Cash flow
annual · ₹ crore · line = free cash flow| 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 |
| Dividends paid | 0 | 0 | 0 | 0 | 81 |
Where the assets sit
Mar '26 · ₹ croreFixed assets (PPE)₹2,589 cr56%
CWIP₹112 cr2%
Investments₹258 cr6%
Inventories₹466 cr10%
Receivables₹242 cr5%
Cash & equivalents₹13 cr0%
Other assets₹966 cr21%
Peer comparison
largest in Unclassified · this company in bold| Company | Market cap ₹cr | Price | P/E | P/B | ROE |
|---|---|---|---|---|---|
| Avantel Limited | 36,86,04,549 | 138.69 | — | 1059360.68 | 0.0% |
| Ducol Organics And Colours Limited | 19,55,275 | 120.00 | — | 20089.13 | 0.0% |
| Jio Platforms Limited | 12,57,181 | 1,406.40 | — | 3.57 | — |
| SBI Funds Management Limited | 1,01,750 | 499.55 | — | — | — |
| Tamilnadu Telecommunication Limited | 91,314 | 9.93 | — | — | — |
| Manipal Health Enterprises Limited | 76,294 | 646.70 | — | — | — |
| INDO-MIM Limited | 59,042 | 1,219.50 | — | — | — |
| AvenuesAI Limited | 45,138 | 129.25 | 153.6 | 9.51 | 6.2% |
| Dhoot Transmission Limited | 32,761 | 1,601.60 | — | 8.11 | — |
| 3M India Limited | 31,071 | 27,570.00 | 53.8 | 17.57 | 32.7% |
| Star Cement Limited | 6,973 | 172.51 | 18.9 | 2.18 | 11.6% |
StoxGud checklist: Neutral setup · 4/10
- Price above 50-day average
- Price above 200-day average
- 50-day average above 200-day (uptrend)
- RSI in healthy 40–70 zone
- Positive 1-year return
- Return on equity above 15%
- Debt to equity below 1
- Revenue growing year on year
- Net profit margin above 10%
- P/E below industry median
A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.
Returns & technicals
1 month-1.4%
6 months-27.7%
1 year-32.9%
3Y CAGR+2.8%
5Y CAGR+11.1%
10Y CAGR—
50-day avg₹178.99
200-day avg₹203.85
RSI (14)50
FAQs
What is the share price of Star Cement Limited?
Star Cement Limited (STARCEMENT) closed at ₹172.51 on NSE on 06 Nov 2026.
What is the market cap of Star Cement Limited?
₹6,973 crore at the latest close.
What is the P/E ratio of Star Cement Limited?
18.9, on trailing-twelve-month earnings from its filings.
How fast is Star Cement Limited growing?
Star Cement Limited: revenue has compounded at 11.8% a year over three years; net profit at 16.7% a year. Latest-quarter revenue is up 3.4% year on year, profit down 24.1%.
How profitable is Star Cement Limited?
On a trailing-twelve-month basis return on equity is 11.6%, return on capital employed 14.4%, operating margin 23.7%, net margin 9.7%.
How much debt does Star Cement Limited have?
Star Cement Limited is lightly geared: debt to equity is 0.18 with borrowings of ₹586 cr against cash of ₹13 cr (balance sheet of 2026-03-31). Operating profit covers interest 10.9 times.
Financials parsed from Star Cement Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.
Star Cement Limited · advanced chart