Star Cement Ltd

About [ edit ]

Star Cement is engaged in the manufacturing and selling of Cement Clinker & Cement.(Source : 202003-01 Annual Report Page No:116)

  • Market Cap 4,260 Cr.
  • Current Price 103
  • High / Low 112 / 56.0
  • Stock P/E 26.7
  • Book Value 47.5
  • Dividend Yield 0.97 %
  • ROCE 18.0 %
  • ROE 16.0 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • The company has delivered a poor sales growth of 5.21% over past five years.
  • Tax rate seems low
  • Promoter holding has decreased over last 3 years: -6.14%

Peer comparison

Sector: Cement Industry: Cement - North India

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
527.44 517.91 362.27 416.43 534.43 460.85 382.47 451.16 549.38 291.97 401.90 423.44
383.01 386.22 293.55 294.53 407.58 348.74 318.10 357.18 424.77 226.66 322.97 339.47
Operating Profit 144.43 131.69 68.72 121.90 126.85 112.11 64.37 93.98 124.61 65.31 78.93 83.97
OPM % 27.38% 25.43% 18.97% 29.27% 23.74% 24.33% 16.83% 20.83% 22.68% 22.37% 19.64% 19.83%
Other Income 2.83 0.34 0.66 1.05 3.43 7.36 7.69 6.51 7.17 5.87 6.58 -57.13
Interest 8.88 5.44 3.27 2.60 3.07 2.77 0.77 3.83 1.96 1.65 1.81 1.89
Depreciation 24.12 28.28 27.12 26.44 23.80 22.19 22.54 23.23 24.99 20.38 21.07 20.82
Profit before tax 114.26 98.31 38.99 93.91 103.41 94.51 48.75 73.43 104.83 49.15 62.63 4.13
Tax % 4.75% 6.92% 2.08% 10.88% 11.43% 11.23% 7.02% 3.00% 17.15% 10.01% 1.85% 98.06%
Net Profit 107.86 90.32 38.18 82.28 89.78 83.89 44.61 71.22 85.83 43.31 60.27 -1.75
EPS in Rs 2.57 2.15 0.91 1.96 2.14 2.00 1.06 1.73 2.08 1.05 1.46 -0.04
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

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 TTM
481 1,028 1,430 1,715 1,528 1,615 1,831 1,844 1,667
362 794 994 1,315 1,119 1,093 1,382 1,449 1,314
Operating Profit 119 234 436 400 408 521 449 395 353
OPM % 25% 23% 31% 23% 27% 32% 25% 21% 21%
Other Income 2 2 1 0 2 4 5 29 -38
Interest 27 83 87 83 78 52 14 9 7
Depreciation 45 157 224 171 118 121 106 93 87
Profit before tax 49 -5 126 145 215 353 335 322 221
Tax % 12% 28% 4% 4% 6% 5% 9% 11%
Net Profit 43 -4 119 134 195 331 299 286 188
EPS in Rs 10.24 -1.00 28.30 3.20 4.64 7.89 7.13 6.92 4.55
Dividend Payout % 0% -250% 28% 0% 0% 13% 0% 14%
Compounded Sales Growth
10 Years:%
5 Years:5%
3 Years:6%
TTM:-9%
Compounded Profit Growth
10 Years:%
5 Years:19%
3 Years:14%
TTM:-45%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-5%
1 Year:25%
Return on Equity
10 Years:%
5 Years:18%
3 Years:19%
Last Year:16%

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 Sep 2020
42 42 42 42 42 42 42 41 41
Reserves 817 801 879 1,013 1,104 1,434 1,682 1,816 1,920
Borrowings 830 964 880 940 801 432 74 13 2
288 309 388 471 534 597 499 488 488
Total Liabilities 1,978 2,116 2,190 2,466 2,480 2,506 2,297 2,358 2,451
1,130 1,143 1,028 919 863 785 722 696 659
CWIP 129 99 41 49 55 36 74 238 262
Investments 2 2 2 2 1 1 2 2 2
717 873 1,119 1,496 1,561 1,684 1,498 1,423 1,528
Total Assets 1,978 2,116 2,190 2,466 2,480 2,506 2,297 2,358 2,451

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
-74 233 262 97 300 421 616 483
-316 -114 -41 -79 -89 -25 -193 -136
392 -132 -210 -14 -218 -393 -348 -201
Net Cash Flow 2 -14 11 4 -7 2 76 146

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 5% 12% 12% 15% 21% 19% 18%
Debtor Days 63 44 79 96 33 33 29 24
Inventory Turnover 2.25 3.04 3.52 2.87 2.28 2.43 2.86

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
68.89 68.89 68.88 68.87 67.99 67.94 67.94 67.11 66.77 66.78 67.17 67.11
1.93 2.19 1.00 1.24 1.23 1.05 0.75 0.25 0.24 0.24 0.18 0.09
7.25 7.33 8.39 8.71 8.71 9.22 9.26 8.99 8.28 8.36 8.29 8.05
21.92 21.59 21.73 21.19 22.08 21.79 22.05 23.65 24.70 24.63 24.36 24.75

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