Star Cement Ltd

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

Star Cement Ltd

₹ 227 -1.00%
26 Apr - close price
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 ₹ 9,189 Cr.
  • Current Price ₹ 227
  • High / Low ₹ 242 / 118
  • Stock P/E 30.3
  • Book Value ₹ 63.1
  • Dividend Yield 0.00 %
  • ROCE 16.8 %
  • ROE 10.8 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company's working capital requirements have reduced from 49.0 days to 25.3 days

Cons

  • Stock is trading at 3.60 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 10.9% over past five years.
  • Company has a low return on equity of 11.6% 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
423 603 511 407 555 749 665 594 617 830 760 585 651
339 498 418 335 487 636 541 525 509 664 631 487 503
Operating Profit 84 104 93 72 68 113 124 70 108 166 129 99 149
OPM % 20% 17% 18% 18% 12% 15% 19% 12% 18% 20% 17% 17% 23%
-57 8 8 9 7 9 14 14 12 13 9 6 4
Interest 2 2 2 7 2 2 3 3 3 1 2 3 3
Depreciation 21 28 26 29 32 35 30 32 34 35 32 36 37
Profit before tax 4 83 74 44 41 85 105 49 83 143 104 65 113
Tax % 98% 2% 8% -5% -8% -4% 36% 37% 36% 33% 10% 38% 35%
0 81 68 47 44 88 68 31 53 96 93 41 74
EPS in Rs -0.04 2.07 1.65 1.13 1.08 2.19 1.67 0.77 1.31 2.38 2.31 1.01 1.82
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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 TTM
481 1,028 1,430 1,715 1,528 1,615 1,831 1,843 1,720 2,222 2,705 2,827
362 795 994 1,316 1,119 1,093 1,382 1,449 1,387 1,877 2,236 2,284
Operating Profit 119 233 436 399 408 521 449 394 333 345 468 543
OPM % 25% 23% 31% 23% 27% 32% 25% 21% 19% 16% 17% 19%
2 3 1 1 2 4 5 29 -36 33 52 31
Interest 27 83 87 83 78 52 14 9 7 13 10 10
Depreciation 45 157 224 171 118 121 106 93 90 122 131 139
Profit before tax 49 -5 126 145 215 353 335 322 199 244 380 425
Tax % 12% 28% 4% 4% 6% 5% 9% 11% 6% -1% 35%
43 -3 121 139 195 336 305 287 187 247 248 304
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 7.52
Dividend Payout % 0% -250% 28% 0% 0% 13% 0% 14% 0% 0% 0%
Compounded Sales Growth
10 Years: 19%
5 Years: 11%
3 Years: 14%
TTM: 8%
Compounded Profit Growth
10 Years: 19%
5 Years: -6%
3 Years: -5%
TTM: 27%
Stock Price CAGR
10 Years: %
5 Years: 16%
3 Years: 33%
1 Year: 95%
Return on Equity
10 Years: 14%
5 Years: 14%
3 Years: 12%
Last Year: 11%

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 Sep 2023
Equity Capital 42 42 42 42 42 42 42 41 41 40 40 40
Reserves 817 801 879 1,013 1,104 1,434 1,682 1,816 2,033 2,128 2,376 2,509
830 964 880 940 801 432 74 13 18 16 35 32
288 309 388 471 534 597 499 488 470 561 680 654
Total Liabilities 1,978 2,116 2,190 2,466 2,480 2,506 2,297 2,358 2,562 2,745 3,131 3,235
1,130 1,143 1,028 919 863 785 722 696 823 923 891 1,031
CWIP 129 99 41 49 55 36 74 238 127 109 551 813
Investments 2 2 2 2 1 1 2 2 2 167 173 99
717 873 1,119 1,496 1,561 1,684 1,498 1,423 1,611 1,545 1,517 1,292
Total Assets 1,978 2,116 2,190 2,466 2,480 2,506 2,297 2,358 2,562 2,745 3,131 3,235

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
-74 233 262 97 300 421 616 483 350 417 375
-316 -114 -41 -79 -89 -25 -193 -136 -333 -289 -272
392 -132 -210 -14 -218 -393 -348 -201 -3 -176 10
Net Cash Flow 2 -14 11 4 -7 2 76 146 14 -47 114

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
Debtor Days 63 44 79 96 33 33 29 24 28 21 14
Inventory Days 590 378 174 221 173 356 232 233 212 124 218
Days Payable 158 176 122 148 101 228 105 87 89 135 165
Cash Conversion Cycle 495 247 130 168 105 161 156 171 151 10 68
Working Capital Days 196 57 68 112 208 192 119 96 91 31 25
ROCE % 4% 12% 12% 14% 20% 18% 17% 13% 12% 17%

Shareholding Pattern

Numbers in percentages

10 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
66.21% 66.89% 67.06% 67.33% 67.37% 67.42% 67.03% 67.12% 66.76% 66.55% 66.48% 66.59%
0.11% 0.14% 0.18% 0.20% 0.28% 0.40% 0.53% 0.63% 0.69% 0.77% 1.05% 1.52%
7.89% 6.50% 6.33% 6.15% 6.14% 6.15% 6.15% 6.15% 6.23% 6.08% 6.02% 6.11%
25.79% 26.47% 26.43% 26.32% 26.21% 26.03% 26.29% 26.10% 26.33% 26.59% 26.43% 25.77%
No. of Shareholders 37,02651,44452,24253,96952,53950,30445,05442,37343,86652,00154,13056,636

* 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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