Star Cement Ltd

Star Cement Ltd

₹ 223 1.80%
14 Jun - 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 9,016 Cr.
  • Current Price 223
  • High / Low 256 / 138
  • Stock P/E 30.6
  • Book Value 67.0
  • Dividend Yield 0.00 %
  • ROCE 16.4 %
  • ROE 11.5 %
  • Face Value 1.00

Pros

  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 11.3% 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

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
603 511 407 555 749 665 594 617 829 760 585 651 914
498 418 335 487 636 541 525 509 663 631 487 503 734
Operating Profit 104 93 72 68 113 124 70 108 166 129 99 149 180
OPM % 17% 18% 18% 12% 15% 19% 12% 18% 20% 17% 17% 23% 20%
8 8 9 7 9 14 14 12 13 9 6 4 8
Interest 2 2 7 2 2 3 3 3 1 2 3 3 4
Depreciation 28 26 29 32 35 30 32 34 35 32 36 37 42
Profit before tax 83 74 44 41 85 105 49 83 143 104 65 113 141
Tax % 2% 8% -5% -8% -4% 36% 37% 36% 33% 10% 38% 35% 38%
81 68 47 44 88 68 31 53 96 93 41 74 88
EPS in Rs 2.07 1.65 1.13 1.08 2.19 1.67 0.77 1.31 2.38 2.31 1.01 1.82 2.17
Raw PDF

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 Mar 2024
481 1,028 1,430 1,715 1,528 1,615 1,831 1,843 1,720 2,222 2,705 2,911
362 795 994 1,316 1,119 1,093 1,382 1,449 1,387 1,877 2,236 2,354
Operating Profit 119 233 436 399 408 521 449 394 333 345 468 556
OPM % 25% 23% 31% 23% 27% 32% 25% 21% 19% 16% 17% 19%
2 3 1 1 2 4 5 29 -36 33 52 26
Interest 27 83 87 83 78 52 14 9 7 13 10 13
Depreciation 45 157 224 171 118 121 106 93 90 122 131 147
Profit before tax 49 -5 126 145 215 353 335 322 199 244 380 424
Tax % 12% 28% 4% 4% 6% 5% 9% 11% 6% -1% 35% 30%
43 -3 121 139 195 336 305 287 187 247 248 295
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 7.30
Dividend Payout % 0% -250% 28% 0% 0% 13% 0% 14% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 11%
5 Years: 10%
3 Years: 19%
TTM: 8%
Compounded Profit Growth
10 Years: 61%
5 Years: 0%
3 Years: 6%
TTM: 19%
Stock Price CAGR
10 Years: %
5 Years: 14%
3 Years: 27%
1 Year: 51%
Return on Equity
10 Years: 14%
5 Years: 12%
3 Years: 11%
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 Mar 2022 Mar 2023 Mar 2024
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 2,670
830 964 880 940 801 432 74 13 18 16 35 147
288 309 388 471 534 597 499 488 470 561 680 745
Total Liabilities 1,978 2,116 2,190 2,466 2,480 2,506 2,297 2,358 2,562 2,745 3,131 3,602
1,130 1,143 1,028 919 863 785 722 696 823 923 891 1,418
CWIP 129 99 41 49 55 36 74 238 127 109 551 1,019
Investments 2 2 2 2 1 1 2 2 2 167 173 2
717 873 1,119 1,496 1,561 1,684 1,498 1,423 1,611 1,545 1,517 1,163
Total Assets 1,978 2,116 2,190 2,466 2,480 2,506 2,297 2,358 2,562 2,745 3,131 3,602

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 Mar 2024
-74 233 262 97 300 421 616 483 350 417 375 490
-316 -114 -41 -79 -89 -25 -193 -136 -333 -289 -272 -650
392 -132 -210 -14 -218 -393 -348 -201 -3 -176 10 86
Net Cash Flow 2 -14 11 4 -7 2 76 146 14 -47 114 -74

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 Mar 2024
Debtor Days 63 44 79 96 33 33 29 24 28 21 14 19
Inventory Days 590 378 174 221 173 356 232 233 212 124 218 255
Days Payable 158 176 122 148 101 228 105 87 89 135 165 167
Cash Conversion Cycle 495 247 130 168 105 161 156 171 151 10 68 107
Working Capital Days 196 57 68 112 208 192 119 96 91 31 25 -6
ROCE % 4% 12% 12% 14% 20% 18% 17% 13% 12% 17%

Shareholding Pattern

Numbers in percentages

3 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls