Star Cement Ltd

Star Cement Ltd

₹ 213 -1.12%
26 Feb - close price
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)

  • Market Cap 8,599 Cr.
  • Current Price 213
  • High / Low 220 / 103
  • Stock P/E 39.8
  • Book Value 38.4
  • Dividend Yield 0.00 %
  • ROCE 18.1 %
  • ROE 11.9 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company's median sales growth is 15.8% of last 10 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 13.6% 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

Standalone Figures in Rs. Crores / View Consolidated

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
404 590 504 410 540 736 658 596 621 834 773 602 659
339 512 431 373 504 649 580 545 556 715 680 525 553
Operating Profit 65 78 73 37 36 87 78 51 65 118 93 77 106
OPM % 16% 13% 15% 9% 7% 12% 12% 9% 10% 14% 12% 13% 16%
-24 6 6 5 5 6 8 8 6 5 6 5 4
Interest 3 2 3 3 3 3 4 4 4 2 3 4 3
Depreciation 10 18 17 17 18 20 18 18 21 21 19 20 20
Profit before tax 29 65 60 21 20 69 64 37 47 100 77 59 87
Tax % 27% 4% 9% -7% -20% -8% 36% 37% 36% 31% 30% 38% 35%
21 62 54 23 24 75 41 24 30 69 54 37 56
EPS in Rs 0.51 1.51 1.31 0.56 0.59 1.86 1.02 0.58 0.75 1.70 1.34 0.91 1.40
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
337 361 735 1,114 1,416 1,284 1,464 1,695 1,773 1,664 2,196 2,705 2,868
265 294 672 938 1,251 1,104 1,139 1,387 1,487 1,423 1,964 2,392 2,473
Operating Profit 72 67 64 176 165 180 325 308 286 241 232 312 394
OPM % 21% 19% 9% 16% 12% 14% 22% 18% 16% 14% 11% 12% 14%
-3 2 1 0 0 2 4 40 28 -8 23 27 20
Interest 12 17 35 45 49 56 43 21 20 13 12 13 11
Depreciation 17 21 45 86 61 40 57 46 43 48 72 78 81
Profit before tax 40 31 -15 45 56 86 228 280 251 173 170 249 323
Tax % -1% 1% -3% -2% -1% 7% 7% 9% 13% 9% -3% 34%
40 31 -16 46 56 80 211 256 219 157 176 164 216
EPS in Rs 9.66 7.32 -3.74 10.98 1.34 1.91 5.03 6.10 5.30 3.81 4.36 4.06 5.35
Dividend Payout % -0% -0% -67% 73% -0% -0% 20% -0% 19% -0% -0% -0%
Compounded Sales Growth
10 Years: 22%
5 Years: 13%
3 Years: 15%
TTM: 10%
Compounded Profit Growth
10 Years: 18%
5 Years: -5%
3 Years: -9%
TTM: 27%
Stock Price CAGR
10 Years: %
5 Years: 17%
3 Years: 29%
1 Year: 94%
Return on Equity
10 Years: 16%
5 Years: 17%
3 Years: 14%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 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 42 41 41 40 40 40
Reserves 407 496 468 474 530 586 796 1,009 1,077 1,234 1,259 1,423 1,513
201 307 418 451 574 622 428 157 148 125 84 44 73
65 78 183 290 349 338 420 337 352 493 529 618 673
Total Liabilities 714 923 1,110 1,257 1,495 1,587 1,686 1,545 1,619 1,893 1,912 2,126 2,299
142 351 375 309 263 286 274 256 274 435 495 499 480
CWIP 165 35 17 22 41 46 26 61 223 110 57 360 635
Investments 211 239 239 239 239 239 239 239 239 279 408 347 379
196 298 479 688 952 1,017 1,147 989 883 1,069 952 920 805
Total Assets 714 923 1,110 1,257 1,495 1,587 1,686 1,545 1,619 1,893 1,912 2,126 2,299

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
123 18 -22 41 -43 85 247 502 453 272 260 304
-231 -127 -52 -21 -33 -76 -18 -141 -115 -235 -80 -140
109 119 63 -12 73 -8 -231 -290 -180 -38 -211 -52
Net Cash Flow 1 10 -11 8 -4 1 -2 71 158 -1 -31 112

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 15 19 49 74 90 35 32 28 22 29 21 13
Inventory Days 424 453 91 43 53 38 76 42 42 47 37 53
Days Payable 80 127 86 84 93 46 99 50 48 97 85 86
Cash Conversion Cycle 359 345 54 34 50 28 9 20 17 -21 -27 -20
Working Capital Days 121 135 56 72 108 166 149 73 32 24 1 -8
ROCE % 10% 6% 2% 9% 10% 12% 22% 24% 22% 16% 13% 18%

Shareholding Pattern

Numbers in percentages

19 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
67.11% 66.21% 66.89% 67.06% 67.33% 67.37% 67.42% 67.03% 67.12% 66.76% 66.55% 66.48%
0.07% 0.11% 0.14% 0.18% 0.20% 0.28% 0.40% 0.53% 0.63% 0.69% 0.77% 1.05%
7.93% 7.89% 6.50% 6.33% 6.15% 6.14% 6.15% 6.15% 6.15% 6.23% 6.08% 6.02%
24.89% 25.79% 26.47% 26.43% 26.32% 26.21% 26.03% 26.29% 26.10% 26.33% 26.59% 26.43%
No. of Shareholders 34,66437,02651,44452,24253,96952,53950,30445,05442,37343,86652,00154,130

* 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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