Star Cement Ltd

₹ 95.5 0.10%
Jan 27 10:32 a.m.
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
The company's product portfolio includes ordinary portland cement, Portland Pozzolana cement, anti-rust cement and Portland slag cement.[1]

  • Market Cap 3,860 Cr.
  • Current Price 95.5
  • High / Low 120 / 88.4
  • Stock P/E 15.9
  • Book Value 54.2
  • Dividend Yield 0.00 %
  • ROCE 13.7 %
  • ROE 12.2 %
  • Face Value 1.00

Pros

  • Company is almost debt free.

Cons

  • The company has delivered a poor sales growth of 0.06% over past five years.
  • Tax rate seems low
  • Dividend payout has been low at 4.81% of profits 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

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
534 461 382 451 549 292 402 423 603 511 407 555
408 349 318 357 425 227 323 339 498 418 335 487
Operating Profit 127 112 64 94 124 65 79 84 104 93 72 68
OPM % 24% 24% 17% 21% 23% 22% 20% 20% 17% 18% 18% 12%
Other Income 3 7 8 7 8 6 7 -57 8 8 9 7
Interest 3 3 1 4 2 2 2 2 2 2 7 2
Depreciation 24 22 23 23 25 20 21 21 28 26 29 32
Profit before tax 103 95 49 73 105 49 63 4 83 74 44 41
Tax % 11% 11% 7% 3% 17% 10% 2% 98% 2% 8% -5% -8%
Net Profit 90 84 45 71 86 43 60 -2 85 68 47 44
EPS in Rs 2.14 2.00 1.06 1.73 2.08 1.05 1.46 -0.04 2.07 1.65 1.13 1.08

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 TTM
481 1,028 1,430 1,715 1,528 1,615 1,831 1,843 1,720 2,075
362 795 994 1,316 1,119 1,093 1,382 1,449 1,387 1,739
Operating Profit 119 233 436 399 408 521 449 394 333 336
OPM % 25% 23% 31% 23% 27% 32% 25% 21% 19% 16%
Other Income 2 3 1 1 2 4 5 29 -36 32
Interest 27 83 87 83 78 52 14 9 7 13
Depreciation 45 157 224 171 118 121 106 93 90 114
Profit before tax 49 -5 126 145 215 353 335 322 199 242
Tax % 12% 28% 4% 4% 6% 5% 9% 11% 6%
Net Profit 43 -4 119 134 195 331 299 286 187 244
EPS in Rs 10.24 -1.00 28.30 3.20 4.64 7.89 7.13 6.92 4.54 5.93
Dividend Payout % 0% -250% 28% 0% 0% 13% 0% 14% 0%
Compounded Sales Growth
10 Years: %
5 Years: 0%
3 Years: 2%
TTM: 25%
Compounded Profit Growth
10 Years: %
5 Years: 12%
3 Years: -10%
TTM: 30%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 1%
1 Year: -1%
Return on Equity
10 Years: %
5 Years: 17%
3 Years: 15%
Last Year: 12%

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 Sep 2021
42 42 42 42 42 42 42 41 41 41
Reserves 817 801 879 1,013 1,104 1,434 1,682 1,816 2,033 2,147
Borrowings 830 964 880 940 801 432 74 13 15 39
288 309 388 471 534 597 499 488 473 462
Total Liabilities 1,978 2,116 2,190 2,466 2,480 2,506 2,297 2,358 2,562 2,690
1,130 1,143 1,028 919 863 785 722 696 823 833
CWIP 129 99 41 49 55 36 74 238 127 172
Investments 2 2 2 2 1 1 2 2 2 2
717 873 1,119 1,496 1,561 1,684 1,498 1,423 1,611 1,683
Total Assets 1,978 2,116 2,190 2,466 2,480 2,506 2,297 2,358 2,562 2,690

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
-74 233 262 97 300 421 616 483 352
-316 -114 -41 -79 -89 -25 -193 -136 -333
392 -132 -210 -14 -218 -393 -348 -201 -3
Net Cash Flow 2 -14 11 4 -7 2 76 146 16

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
Debtor Days 63 44 79 96 33 33 29 24 28
Inventory Days 590 378 174 221 173 356 232 233 212
Days Payable 158 176 122 148 101 228 105 87 89
Cash Conversion Cycle 495 247 130 168 105 161 156 171 151
Working Capital Days 196 108 116 153 239 215 124 96 87
ROCE % 5% 12% 12% 15% 21% 19% 18% 14%

Shareholding Pattern

Numbers in percentages

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
67.99 67.94 67.94 67.11 66.77 66.78 67.17 67.11 67.11 66.21 66.89 67.06
1.23 1.05 0.75 0.25 0.24 0.24 0.18 0.09 0.07 0.11 0.14 0.18
8.71 9.22 9.26 8.99 8.28 8.36 8.29 8.05 7.93 7.89 6.50 6.33
22.08 21.79 22.05 23.65 24.70 24.63 24.36 24.75 24.89 25.79 26.47 26.43

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