Star Cement Ltd.
•₹ 194.620.13%
2026-08-21
PROS
- Company has consistently been profitable over the last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.61x)
- Company comfortably covers its interest (8.1x coverage)
- Company maintains a comfortable, low leverage position
CONS
- Receivables are growing faster than sales - a possible quality concern
- Recent results are weak - TTM profit is down 17.3% versus prior year
- Promoter holding has decreased over last 2 years: -8.4pp
- Company has a low return on equity of 9.5% over last 3 years
- Total debt has risen sharply - up 200.5% year on year
- Company has delivered a poor profit growth of -10.1% over past five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | ULTRACEMCO | 11460.00 | 39.55 | 337702.33 | 2.09 | 2603.72 | 17.24 | 24648.20 | 15.85 | 13.25 | 20.35 |
| 2. | AMBUJACEM | 406.00 | 23.05 | 100883.58 | 0.49 | 660.00 | -31.93 | 9500.00 | -7.67 | 6.24 | 16.78 |
| 3. | SHREECEM | 24360.00 | 53.92 | 87892.70 | 0.62 | 531.12 | -17.48 | 6233.13 | 18.03 | 10.61 | 20.41 |
| 4. | JKCEMENT | 5280.65 | 43.15 | 40802.66 | 0.38 | 274.62 | -15.31 | 4031.72 | 20.26 | 14.89 | 16.07 |
| 5. | DALBHARAT | 1875.00 | 37.69 | 35168.62 | 0.48 | 192.00 | -51.39 | 3890.00 | 6.99 | 8.15 | 20.69 |
| 6. | ACC | 1289.40 | 12.69 | 24213.29 | 0.58 | 147.00 | -60.84 | 5808.00 | -4.59 | 11.60 | 7.90 |
| 7. | RAMCOCEM | 900.85 | 33.01 | 21286.40 | 0.28 | 31.24 | -63.06 | 2273.05 | 9.60 | 10.75 | 13.49 |
| 8. | JSWCEMENT | 123.95 | 22.22 | 16898.91 | 0.40 | 153.43 | 111.23 | 1896.41 | 21.58 | -4.21 | 16.41 |
| 9. | NUVOCO | 318.90 | 29.51 | 11389.71 | 0.00 | 159.63 | 19.88 | 3128.71 | 8.91 | 7.11 | 18.16 |
| 10. | INDIACEM | 366.40 | 122.77 | 11354.63 | 0.00 | 26.85 | 120.20 | 1019.42 | -0.52 | 0.30 | 15.28 |
| 11. | STARCEMENT | 194.00 | 21.21 | 7841.10 | 0.52 | 73.91 | -24.71 | 942.89 | 3.39 | 8.42 | 20.63 |
| 12. | JKLAKSHMI | 557.45 | 18.71 | 6920.43 | 1.17 | 108.07 | -27.90 | 1904.78 | 9.41 | 12.36 | 13.63 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 760 | 585 | 651 | 914 | 751 | 642 | 719 | 1,052 | 912 | 811 | 880 | 1,174 | 943 | |
| 631 | 487 | 503 | 734 | 635 | 546 | 615 | 789 | 684 | 621 | 678 | 858 | 854 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 9 | 6 | 4 | 8 | 1 | 2 | 3 | 5 | 2 | 3 | 5 | 9 | 8 |
| Interest | 2 | 3 | 3 | 4 | 6 | 7 | 10 | 9 | 10 | 11 | 12 | 13 | 14 |
| Depreciation | 32 | 36 | 37 | 42 | 73 | 83 | 89 | 88 | 85 | 90 | 91 | 99 | 91 |
| 104 | 65 | 113 | 141 | 39 | 8 | 8 | 171 | 135 | 92 | 99 | 207 | 98 | |
| Tax % | 10.29% | 37.50% | 35.17% | 37.88% | 20.68% | 25.00% | -18.92% | 28.18% | 27.10% | 23.05% | 24.69% | 28.89% | 24.21% |
| Net Profit | 0 | 0 | 0 | 0 | 31 | 6 | 9 | 123 | 98 | 71 | 74 | 147 | 74 |
| 2 | 1 | 2 | 2 | 1 | 0 | 0 | 3 | 2 | 2 | 2 | 4 | 0 | |
| Equity Capital | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 760
- 631
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 2
- Depreciation
- 32
- 104
- Tax %
- 10.29%
- Net Profit
- 0
- 2
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 585
- 487
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 3
- Depreciation
- 36
- 65
- Tax %
- 37.50%
- Net Profit
- 0
- 1
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 651
- 503
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 3
- Depreciation
- 37
- 113
- Tax %
- 35.17%
- Net Profit
- 0
- 2
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 914
- 734
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 4
- Depreciation
- 42
- 141
- Tax %
- 37.88%
- Net Profit
- 0
- 2
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 751
- 635
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 6
- Depreciation
- 73
- 39
- Tax %
- 20.68%
- Net Profit
- 31
- 1
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 642
- 546
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 7
- Depreciation
- 83
- 8
- Tax %
- 25.00%
- Net Profit
- 6
- 0
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 719
- 615
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 10
- Depreciation
- 89
- 8
- Tax %
- -18.92%
- Net Profit
- 9
- 0
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 1,052
- 789
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 9
- Depreciation
- 88
- 171
- Tax %
- 28.18%
- Net Profit
- 123
- 3
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 912
- 684
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 10
- Depreciation
- 85
- 135
- Tax %
- 27.10%
- Net Profit
- 98
- 2
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 811
- 621
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 11
- Depreciation
- 90
- 92
- Tax %
- 23.05%
- Net Profit
- 71
- 2
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 880
- 678
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 12
- Depreciation
- 91
- 99
- Tax %
- 24.69%
- Net Profit
- 74
- 2
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 1,174
- 858
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 13
- Depreciation
- 99
- 207
- Tax %
- 28.89%
- Net Profit
- 147
- 4
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 943
- 854
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 14
- Depreciation
- 91
- 98
- Tax %
- 24.21%
- Net Profit
- 74
- 0
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,715 | 1,528 | 1,615 | 1,831 | 1,843 | 1,720 | 2,222 | 2,705 | 2,911 | 3,163 | 3,807 | |
| 1,316 | 1,120 | 1,093 | 1,382 | 1,449 | 1,387 | 1,877 | 2,236 | 2,354 | 2,585 | 3,010 | |
| Operating Profit | 401 | 411 | 526 | 455 | 424 | 361 | 379 | 520 | 583 | 589 | — |
| OPM % | 23 | 27 | 33 | 25 | 23 | 21 | 17 | 19 | 20 | 19 | — |
| Other Income | 1 | 3 | 4 | 5 | 30 | 28 | 33 | 52 | 26 | 11 | 26 |
| Interest | 83 | 78 | 52 | 14 | 9 | 7 | 13 | 10 | 13 | 32 | 50 |
| Depreciation | 171 | 118 | 121 | 106 | 93 | 90 | 122 | 131 | 147 | 332 | 372 |
| 145 | 215 | 353 | 335 | 322 | 199 | 244 | 380 | 424 | 226 | 495 | |
| Tax % | 4 | 6 | 5 | 9 | 11 | 6 | -1 | 35 | 30 | 25 | 26 |
| Net Profit | 139 | 201 | 336 | 305 | 287 | 187 | 247 | 248 | 295 | 169 | 366 |
| EPS | 3 | 5 | 8 | 7 | 7 | 5 | 6 | 6 | 7 | 4 | — |
| Dividend Payout % | 0 | 0 | 13 | 0 | 14 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | -5 | -6 | -6 | -6 | -2 | 0 | 0 | 0 | 0 | 0 | -1 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 3 | 5 | 8 | 7 | 7 | 5 | 6 | 6 | 7 | 4 | — |
| Minority Interest | -5 | -6 | -6 | -6 | -2 | 0 | 0 | 0 | 0 | 0 | -1 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 3 | 5 | 8 | 7 | 7 | 5 | 6 | 6 | 7 | 4 | — |
Mar 2016
- 1,715
- 1,316
- Operating Profit
- 401
- OPM %
- 23
- Other Income
- 1
- Interest
- 83
- Depreciation
- 171
- 145
- Tax %
- 4
- Net Profit
- 139
- EPS
- 3
- Dividend Payout %
- 0
- Minority Interest
- -5
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- -5
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2017
- 1,528
- 1,120
- Operating Profit
- 411
- OPM %
- 27
- Other Income
- 3
- Interest
- 78
- Depreciation
- 118
- 215
- Tax %
- 6
- Net Profit
- 201
- EPS
- 5
- Dividend Payout %
- 0
- Minority Interest
- -6
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- -6
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2018
- 1,615
- 1,093
- Operating Profit
- 526
- OPM %
- 33
- Other Income
- 4
- Interest
- 52
- Depreciation
- 121
- 353
- Tax %
- 5
- Net Profit
- 336
- EPS
- 8
- Dividend Payout %
- 13
- Minority Interest
- -6
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- -6
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2019
- 1,831
- 1,382
- Operating Profit
- 455
- OPM %
- 25
- Other Income
- 5
- Interest
- 14
- Depreciation
- 106
- 335
- Tax %
- 9
- Net Profit
- 305
- EPS
- 7
- Dividend Payout %
- 0
- Minority Interest
- -6
- Share of Associates
- 0
- Adjusted EPS
- 7
- Minority Interest
- -6
- Share of Associates
- 0
- Adjusted EPS
- 7
Mar 2020
- 1,843
- 1,449
- Operating Profit
- 424
- OPM %
- 23
- Other Income
- 30
- Interest
- 9
- Depreciation
- 93
- 322
- Tax %
- 11
- Net Profit
- 287
- EPS
- 7
- Dividend Payout %
- 14
- Minority Interest
- -2
- Share of Associates
- 0
- Adjusted EPS
- 7
- Minority Interest
- -2
- Share of Associates
- 0
- Adjusted EPS
- 7
Mar 2021
- 1,720
- 1,387
- Operating Profit
- 361
- OPM %
- 21
- Other Income
- 28
- Interest
- 7
- Depreciation
- 90
- 199
- Tax %
- 6
- Net Profit
- 187
- EPS
- 5
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2022
- 2,222
- 1,877
- Operating Profit
- 379
- OPM %
- 17
- Other Income
- 33
- Interest
- 13
- Depreciation
- 122
- 244
- Tax %
- -1
- Net Profit
- 247
- EPS
- 6
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2023
- 2,705
- 2,236
- Operating Profit
- 520
- OPM %
- 19
- Other Income
- 52
- Interest
- 10
- Depreciation
- 131
- 380
- Tax %
- 35
- Net Profit
- 248
- EPS
- 6
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2024
- 2,911
- 2,354
- Operating Profit
- 583
- OPM %
- 20
- Other Income
- 26
- Interest
- 13
- Depreciation
- 147
- 424
- Tax %
- 30
- Net Profit
- 295
- EPS
- 7
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
Mar 2025
- 3,163
- 2,585
- Operating Profit
- 589
- OPM %
- 19
- Other Income
- 11
- Interest
- 32
- Depreciation
- 332
- 226
- Tax %
- 25
- Net Profit
- 169
- EPS
- 4
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
TTM
- 3,807
- 3,010
- Operating Profit
- —
- OPM %
- —
- Other Income
- 26
- Interest
- 50
- Depreciation
- 372
- 495
- Tax %
- 26
- Net Profit
- 366
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 8%
- 5 Years:
- 11%
- 3 Years:
- 12%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 4%
- 5 Years:
- -10%
- 3 Years:
- -12%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 11%
- 3 Years:
- 8%
- 1 Year:
- -33%
RETURN ON EQUITY
- 10 Years:
- 14%
- 5 Years:
- 10%
- 3 Years:
- 9%
- Last Year:
- 6%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 42 | 42 | 42 | 42 | 41 | 41 | 40 | 40 | 40 | 40 |
| 1,013 | 1,104 | 1,434 | 1,682 | 1,816 | 2,033 | 2,128 | 2,376 | 2,670 | 2,839 | |
| 555 | 429 | 234 | 72 | 13 | 15 | 5 | 26 | 58 | 76 | |
| Trade Payables | 140 | 94 | 189 | 125 | 96 | 98 | 212 | 277 | 219 | 233 |
| 715 | 723 | 537 | 337 | 156 | 148 | 120 | 122 | 376 | 676 | |
| Total Liabilities | 2,466 | 2,392 | 2,436 | 2,258 | 2,122 | 2,336 | 2,506 | 2,842 | 3,362 | 3,864 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 919 | 863 | 785 | 722 | 696 | 823 | 923 | 891 | 1,416 | 2,421 | |
| Capital Work in Progress | 49 | 55 | 36 | 74 | 238 | 126 | 105 | 551 | 1,019 | 220 |
| 2 | 1 | 1 | 2 | 2 | 2 | 167 | 173 | 2 | 2 | |
| 209 | 161 | 295 | 277 | 257 | 235 | 195 | 374 | 335 | 446 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 151 | 200 | |
| Cash & Bank | 24 | 20 | 20 | 211 | 284 | 472 | 385 | 312 | 97 | 52 |
| 1,263 | 1,291 | 1,299 | 971 | 646 | 679 | 731 | 542 | 342 | 523 | |
| Total Assets | 2,466 | 2,392 | 2,436 | 2,258 | 2,122 | 2,336 | 2,506 | 2,842 | 3,362 | 3,864 |
| Total Debt | 940 | 801 | 432 | 74 | 13 | 15 | 5 | 26 | 130 | 390 |
| Net Working Capital | 185 | 590 | 738 | 760 | 756 | 883 | 565 | 302 | -14 | 138 |
| Contingent Liabilities | 46 | 57 | 54 | 127 | 324 | 346 | 505 | 436 | 437 | 426 |
| Book Value per Share | 25.17 | 27.34 | 35.22 | 41.12 | 45.03 | 50.29 | 53.65 | 59.78 | 67.05 | 71.24 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 940 | 801 | 432 | 74 | 13 | 15 | 5 | 26 | 130 | 390 |
| Net Working Capital | 185 | 590 | 738 | 760 | 756 | 883 | 565 | 302 | -14 | 138 |
| Contingent Liabilities | 46 | 57 | 54 | 127 | 324 | 346 | 505 | 436 | 437 | 426 |
| Book Value per Share | 25.17 | 27.34 | 35.22 | 41.12 | 45.03 | 50.29 | 53.65 | 59.78 | 67.05 | 71.24 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Mar 2016
- Equity Capital
- 42
- 1,013
- 555
- Trade Payables
- 140
- 715
- Total Liabilities
- 2,466
- 919
- Capital Work in Progress
- 49
- 2
- 209
- 0
- Cash & Bank
- 24
- 1,263
- Total Assets
- 2,466
- Total Debt
- 940
- Net Working Capital
- 185
- Contingent Liabilities
- 46
- Book Value per Share
- 25.17
- Face Value
- 1.00
- Total Debt
- 940
- Net Working Capital
- 185
- Contingent Liabilities
- 46
- Book Value per Share
- 25.17
- Face Value
- 1.00
Mar 2017
- Equity Capital
- 42
- 1,104
- 429
- Trade Payables
- 94
- 723
- Total Liabilities
- 2,392
- 863
- Capital Work in Progress
- 55
- 1
- 161
- 0
- Cash & Bank
- 20
- 1,291
- Total Assets
- 2,392
- Total Debt
- 801
- Net Working Capital
- 590
- Contingent Liabilities
- 57
- Book Value per Share
- 27.34
- Face Value
- 1.00
- Total Debt
- 801
- Net Working Capital
- 590
- Contingent Liabilities
- 57
- Book Value per Share
- 27.34
- Face Value
- 1.00
Mar 2018
- Equity Capital
- 42
- 1,434
- 234
- Trade Payables
- 189
- 537
- Total Liabilities
- 2,436
- 785
- Capital Work in Progress
- 36
- 1
- 295
- 0
- Cash & Bank
- 20
- 1,299
- Total Assets
- 2,436
- Total Debt
- 432
- Net Working Capital
- 738
- Contingent Liabilities
- 54
- Book Value per Share
- 35.22
- Face Value
- 1.00
- Total Debt
- 432
- Net Working Capital
- 738
- Contingent Liabilities
- 54
- Book Value per Share
- 35.22
- Face Value
- 1.00
Mar 2019
- Equity Capital
- 42
- 1,682
- 72
- Trade Payables
- 125
- 337
- Total Liabilities
- 2,258
- 722
- Capital Work in Progress
- 74
- 2
- 277
- 0
- Cash & Bank
- 211
- 971
- Total Assets
- 2,258
- Total Debt
- 74
- Net Working Capital
- 760
- Contingent Liabilities
- 127
- Book Value per Share
- 41.12
- Face Value
- 1.00
- Total Debt
- 74
- Net Working Capital
- 760
- Contingent Liabilities
- 127
- Book Value per Share
- 41.12
- Face Value
- 1.00
Mar 2020
- Equity Capital
- 41
- 1,816
- 13
- Trade Payables
- 96
- 156
- Total Liabilities
- 2,122
- 696
- Capital Work in Progress
- 238
- 2
- 257
- 0
- Cash & Bank
- 284
- 646
- Total Assets
- 2,122
- Total Debt
- 13
- Net Working Capital
- 756
- Contingent Liabilities
- 324
- Book Value per Share
- 45.03
- Face Value
- 1.00
- Total Debt
- 13
- Net Working Capital
- 756
- Contingent Liabilities
- 324
- Book Value per Share
- 45.03
- Face Value
- 1.00
Mar 2021
- Equity Capital
- 41
- 2,033
- 15
- Trade Payables
- 98
- 148
- Total Liabilities
- 2,336
- 823
- Capital Work in Progress
- 126
- 2
- 235
- 0
- Cash & Bank
- 472
- 679
- Total Assets
- 2,336
- Total Debt
- 15
- Net Working Capital
- 883
- Contingent Liabilities
- 346
- Book Value per Share
- 50.29
- Face Value
- 1.00
- Total Debt
- 15
- Net Working Capital
- 883
- Contingent Liabilities
- 346
- Book Value per Share
- 50.29
- Face Value
- 1.00
Mar 2022
- Equity Capital
- 40
- 2,128
- 5
- Trade Payables
- 212
- 120
- Total Liabilities
- 2,506
- 923
- Capital Work in Progress
- 105
- 167
- 195
- 0
- Cash & Bank
- 385
- 731
- Total Assets
- 2,506
- Total Debt
- 5
- Net Working Capital
- 565
- Contingent Liabilities
- 505
- Book Value per Share
- 53.65
- Face Value
- 1.00
- Total Debt
- 5
- Net Working Capital
- 565
- Contingent Liabilities
- 505
- Book Value per Share
- 53.65
- Face Value
- 1.00
Mar 2023
- Equity Capital
- 40
- 2,376
- 26
- Trade Payables
- 277
- 122
- Total Liabilities
- 2,842
- 891
- Capital Work in Progress
- 551
- 173
- 374
- 0
- Cash & Bank
- 312
- 542
- Total Assets
- 2,842
- Total Debt
- 26
- Net Working Capital
- 302
- Contingent Liabilities
- 436
- Book Value per Share
- 59.78
- Face Value
- 1.00
- Total Debt
- 26
- Net Working Capital
- 302
- Contingent Liabilities
- 436
- Book Value per Share
- 59.78
- Face Value
- 1.00
Mar 2024
- Equity Capital
- 40
- 2,670
- 58
- Trade Payables
- 219
- 376
- Total Liabilities
- 3,362
- 1,416
- Capital Work in Progress
- 1,019
- 2
- 335
- 151
- Cash & Bank
- 97
- 342
- Total Assets
- 3,362
- Total Debt
- 130
- Net Working Capital
- -14
- Contingent Liabilities
- 437
- Book Value per Share
- 67.05
- Face Value
- 1.00
- Total Debt
- 130
- Net Working Capital
- -14
- Contingent Liabilities
- 437
- Book Value per Share
- 67.05
- Face Value
- 1.00
Mar 2025
- Equity Capital
- 40
- 2,839
- 76
- Trade Payables
- 233
- 676
- Total Liabilities
- 3,864
- 2,421
- Capital Work in Progress
- 220
- 2
- 446
- 200
- Cash & Bank
- 52
- 523
- Total Assets
- 3,864
- Total Debt
- 390
- Net Working Capital
- 138
- Contingent Liabilities
- 426
- Book Value per Share
- 71.24
- Face Value
- 1.00
- Total Debt
- 390
- Net Working Capital
- 138
- Contingent Liabilities
- 426
- Book Value per Share
- 71.24
- Face Value
- 1.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 97 | 300 | 421 | 616 | 483 | 350 | 417 | 358 | 490 | 296 | |
| Cash from Investing | -79 | -89 | -25 | -193 | -136 | -333 | -289 | -255 | -650 | -529 |
| Cash from Financing | -14 | -218 | -393 | -348 | -201 | -3 | -176 | 10 | 86 | 224 |
| 4 | -7 | 2 | 76 | 146 | 14 | -47 | 114 | -74 | -8 | |
| Free Cash Flow | 28 | 300 | 388 | 537 | 249 | 243 | 217 | -186 | -641 | -233 |
| OCF / Net Profit | 0.70 | 1.49 | 1.25 | 2.02 | 1.68 | 1.87 | 1.69 | 1.45 | 1.66 | 1.76 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 1,502 | 1,718 | 1,635 | 1,061 | -118 | -599 |
| OCF / Net Profit | 0.70 | 1.49 | 1.25 | 2.02 | 1.68 | 1.87 | 1.69 | 1.45 | 1.66 | 1.76 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 1,502 | 1,718 | 1,635 | 1,061 | -118 | -599 |
Mar 2016
- 97
- Cash from Investing
- -79
- Cash from Financing
- -14
- 4
- Free Cash Flow
- 28
- OCF / Net Profit
- 0.70
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.70
- Cumulative 5-Year FCF
- 0
Mar 2017
- 300
- Cash from Investing
- -89
- Cash from Financing
- -218
- -7
- Free Cash Flow
- 300
- OCF / Net Profit
- 1.49
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.49
- Cumulative 5-Year FCF
- 0
Mar 2018
- 421
- Cash from Investing
- -25
- Cash from Financing
- -393
- 2
- Free Cash Flow
- 388
- OCF / Net Profit
- 1.25
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.25
- Cumulative 5-Year FCF
- 0
Mar 2019
- 616
- Cash from Investing
- -193
- Cash from Financing
- -348
- 76
- Free Cash Flow
- 537
- OCF / Net Profit
- 2.02
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.02
- Cumulative 5-Year FCF
- 0
Mar 2020
- 483
- Cash from Investing
- -136
- Cash from Financing
- -201
- 146
- Free Cash Flow
- 249
- OCF / Net Profit
- 1.68
- Cumulative 5-Year FCF
- 1,502
- OCF / Net Profit
- 1.68
- Cumulative 5-Year FCF
- 1,502
Mar 2021
- 350
- Cash from Investing
- -333
- Cash from Financing
- -3
- 14
- Free Cash Flow
- 243
- OCF / Net Profit
- 1.87
- Cumulative 5-Year FCF
- 1,718
- OCF / Net Profit
- 1.87
- Cumulative 5-Year FCF
- 1,718
Mar 2022
- 417
- Cash from Investing
- -289
- Cash from Financing
- -176
- -47
- Free Cash Flow
- 217
- OCF / Net Profit
- 1.69
- Cumulative 5-Year FCF
- 1,635
- OCF / Net Profit
- 1.69
- Cumulative 5-Year FCF
- 1,635
Mar 2023
- 358
- Cash from Investing
- -255
- Cash from Financing
- 10
- 114
- Free Cash Flow
- -186
- OCF / Net Profit
- 1.45
- Cumulative 5-Year FCF
- 1,061
- OCF / Net Profit
- 1.45
- Cumulative 5-Year FCF
- 1,061
Mar 2024
- 490
- Cash from Investing
- -650
- Cash from Financing
- 86
- -74
- Free Cash Flow
- -641
- OCF / Net Profit
- 1.66
- Cumulative 5-Year FCF
- -118
- OCF / Net Profit
- 1.66
- Cumulative 5-Year FCF
- -118
Mar 2025
- 296
- Cash from Investing
- -529
- Cash from Financing
- 224
- -8
- Free Cash Flow
- -233
- OCF / Net Profit
- 1.76
- Cumulative 5-Year FCF
- -599
- OCF / Net Profit
- 1.76
- Cumulative 5-Year FCF
- -599
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 3.20 | 4.64 | 7.89 | 7.13 | 6.92 | 4.54 | 6.11 | 6.13 | 7.30 | 4.18 |
| Book Value (₹) | 25.17 | 27.34 | 35.22 | 41.12 | 45.03 | 50.29 | 53.65 | 59.78 | 67.05 | 71.24 |
| Dividend per Share (₹) | 0.00 | 0.00 | 1.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 7.41 | 7.60 | 10.90 | 9.79 | 9.22 | 6.72 | 9.11 | 9.37 | 10.93 | 12.39 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 22.72% | 26.47% | 32.27% | 24.83% | 21.27% | 19.37% | 15.62% | 17.58% | 17.25% | 16.40% |
| Net Margin % | 7.90% | 12.95% | 20.64% | 16.66% | 14.42% | 10.05% | 10.18% | 8.36% | 9.15% | 4.79% |
| ROE % | 14.10% | 18.25% | 25.64% | 19.06% | 16.05% | 9.52% | 11.63% | 10.80% | 11.51% | 6.04% |
| ROCE % | 12.04% | 14.86% | 21.01% | 18.83% | 18.04% | 10.42% | 12.06% | 16.87% | 16.51% | 8.42% |
| 5.99% | 8.27% | 13.93% | 12.99% | 13.12% | 8.40% | 10.19% | 9.26% | 9.51% | 4.67% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 79 | 69 | 32 | 29 | 24 | 25 | 20 | 14 | 14 | 18 |
| Inventory Days | 33 | 44 | 51 | 57 | 49 | 48 | 32 | 35 | 40 | 40 |
| Payable Days | 114 | 125 | 171 | 131 | 100 | 88 | 99 | 272 | 195 | 161 |
| -3 | -13 | -88 | -45 | -27 | -15 | -47 | -222 | -141 | -102 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.89x | 0.70x | 0.29x | 0.04x | 0.01x | 0.01x | 0.00x | 0.01x | 0.05x | 0.14x |
| Interest Coverage (x) | 2.74x | 3.75x | 7.72x | 24.27x | 35.43x | 29.51x | 19.26x | 40.16x | 34.61x | 8.14x |
| 1.21x | 1.75x | 1.98x | 2.40x | 3.49x | 3.40x | 2.33x | 1.44x | 0.98x | 1.15x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 19.90% | -10.92% | 5.68% | 13.41% | 0.66% | -6.69% | 29.18% | 21.74% | 7.61% | 8.68% |
| Operating Profit Growth % | -8.36% | 2.52% | 27.99% | -13.52% | -6.78% | -14.86% | 4.93% | 37.47% | 11.97% | 1.10% |
| Net Profit Growth % | 14.85% | 44.17% | 67.34% | -9.28% | -5.79% | -34.87% | 31.87% | 0.34% | 19.19% | -42.79% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 19.19% | -42.73% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 30.99x | 51.42x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 3.37x | 3.02x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 15.75x | 15.32x |
Mar 2016
- EPS (₹)
- 3.20
- Book Value (₹)
- 25.17
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 7.41
- Operating Margin %
- 22.72%
- Net Margin %
- 7.90%
- ROE %
- 14.10%
- ROCE %
- 12.04%
- 5.99%
- Debtor Days
- 79
- Inventory Days
- 33
- Payable Days
- 114
- -3
- Debt to Equity (x)
- 0.89x
- Interest Coverage (x)
- 2.74x
- 1.21x
- Revenue Growth %
- 19.90%
- Operating Profit Growth %
- -8.36%
- Net Profit Growth %
- 14.85%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 4.64
- Book Value (₹)
- 27.34
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 7.60
- Operating Margin %
- 26.47%
- Net Margin %
- 12.95%
- ROE %
- 18.25%
- ROCE %
- 14.86%
- 8.27%
- Debtor Days
- 69
- Inventory Days
- 44
- Payable Days
- 125
- -13
- Debt to Equity (x)
- 0.70x
- Interest Coverage (x)
- 3.75x
- 1.75x
- Revenue Growth %
- -10.92%
- Operating Profit Growth %
- 2.52%
- Net Profit Growth %
- 44.17%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 7.89
- Book Value (₹)
- 35.22
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 10.90
- Operating Margin %
- 32.27%
- Net Margin %
- 20.64%
- ROE %
- 25.64%
- ROCE %
- 21.01%
- 13.93%
- Debtor Days
- 32
- Inventory Days
- 51
- Payable Days
- 171
- -88
- Debt to Equity (x)
- 0.29x
- Interest Coverage (x)
- 7.72x
- 1.98x
- Revenue Growth %
- 5.68%
- Operating Profit Growth %
- 27.99%
- Net Profit Growth %
- 67.34%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 7.13
- Book Value (₹)
- 41.12
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 9.79
- Operating Margin %
- 24.83%
- Net Margin %
- 16.66%
- ROE %
- 19.06%
- ROCE %
- 18.83%
- 12.99%
- Debtor Days
- 29
- Inventory Days
- 57
- Payable Days
- 131
- -45
- Debt to Equity (x)
- 0.04x
- Interest Coverage (x)
- 24.27x
- 2.40x
- Revenue Growth %
- 13.41%
- Operating Profit Growth %
- -13.52%
- Net Profit Growth %
- -9.28%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 6.92
- Book Value (₹)
- 45.03
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 9.22
- Operating Margin %
- 21.27%
- Net Margin %
- 14.42%
- ROE %
- 16.05%
- ROCE %
- 18.04%
- 13.12%
- Debtor Days
- 24
- Inventory Days
- 49
- Payable Days
- 100
- -27
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 35.43x
- 3.49x
- Revenue Growth %
- 0.66%
- Operating Profit Growth %
- -6.78%
- Net Profit Growth %
- -5.79%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 4.54
- Book Value (₹)
- 50.29
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 6.72
- Operating Margin %
- 19.37%
- Net Margin %
- 10.05%
- ROE %
- 9.52%
- ROCE %
- 10.42%
- 8.40%
- Debtor Days
- 25
- Inventory Days
- 48
- Payable Days
- 88
- -15
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 29.51x
- 3.40x
- Revenue Growth %
- -6.69%
- Operating Profit Growth %
- -14.86%
- Net Profit Growth %
- -34.87%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 6.11
- Book Value (₹)
- 53.65
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 9.11
- Operating Margin %
- 15.62%
- Net Margin %
- 10.18%
- ROE %
- 11.63%
- ROCE %
- 12.06%
- 10.19%
- Debtor Days
- 20
- Inventory Days
- 32
- Payable Days
- 99
- -47
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 19.26x
- 2.33x
- Revenue Growth %
- 29.18%
- Operating Profit Growth %
- 4.93%
- Net Profit Growth %
- 31.87%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 6.13
- Book Value (₹)
- 59.78
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 9.37
- Operating Margin %
- 17.58%
- Net Margin %
- 8.36%
- ROE %
- 10.80%
- ROCE %
- 16.87%
- 9.26%
- Debtor Days
- 14
- Inventory Days
- 35
- Payable Days
- 272
- -222
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 40.16x
- 1.44x
- Revenue Growth %
- 21.74%
- Operating Profit Growth %
- 37.47%
- Net Profit Growth %
- 0.34%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 7.30
- Book Value (₹)
- 67.05
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 10.93
- Operating Margin %
- 17.25%
- Net Margin %
- 9.15%
- ROE %
- 11.51%
- ROCE %
- 16.51%
- 9.51%
- Debtor Days
- 14
- Inventory Days
- 40
- Payable Days
- 195
- -141
- Debt to Equity (x)
- 0.05x
- Interest Coverage (x)
- 34.61x
- 0.98x
- Revenue Growth %
- 7.61%
- Operating Profit Growth %
- 11.97%
- Net Profit Growth %
- 19.19%
- 19.19%
- P/E (x)
- 30.99x
- P/B (x)
- 3.37x
- Dividend Yield %
- 0.00%
- 15.75x
Mar 2025
- EPS (₹)
- 4.18
- Book Value (₹)
- 71.24
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 12.39
- Operating Margin %
- 16.40%
- Net Margin %
- 4.79%
- ROE %
- 6.04%
- ROCE %
- 8.42%
- 4.67%
- Debtor Days
- 18
- Inventory Days
- 40
- Payable Days
- 161
- -102
- Debt to Equity (x)
- 0.14x
- Interest Coverage (x)
- 8.14x
- 1.15x
- Revenue Growth %
- 8.68%
- Operating Profit Growth %
- 1.10%
- Net Profit Growth %
- -42.79%
- -42.73%
- P/E (x)
- 51.42x
- P/B (x)
- 3.02x
- Dividend Yield %
- 0.00%
- 15.32x
Documents
Announcements
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-13 - Star Cement Limited has informed the Exchange about Transcript
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-10 - Star Cement Limited has informed the Exchange about Link of Recording
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Aug 2026
Jun 2026
May 2026