Star Cement Ltd

₹ 85.6 1.06%
24 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
The company's product portfolio includes ordinary portland cement, Portland Pozzolana cement, anti-rust cement and Portland slag cement.[1]

  • Market Cap 3,460 Cr.
  • Current Price 85.6
  • High / Low 120 / 81.0
  • Stock P/E 14.0
  • Book Value 53.6
  • Dividend Yield 0.00 %
  • ROCE 12.0 %
  • ROE 11.6 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 7.78% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 13.15% for last 3 years.
  • 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

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
461 382 451 549 292 402 423 603 511 407 555 749
349 318 357 425 227 323 339 498 418 335 487 636
Operating Profit 112 64 94 124 65 79 84 104 93 72 68 113
OPM % 24% 17% 21% 23% 22% 20% 20% 17% 18% 18% 12% 15%
7 8 7 8 6 7 -57 8 8 9 7 9
Interest 3 1 4 2 2 2 2 2 2 7 2 2
Depreciation 22 23 23 25 20 21 21 28 26 29 32 35
Profit before tax 95 49 73 105 49 63 4 83 74 44 41 85
Tax % 11% 7% 3% 17% 10% 2% 98% 2% 8% -5% -8% -4%
Net Profit 84 45 71 86 43 60 -2 85 68 47 44 88
EPS in Rs 2.00 1.06 1.73 2.08 1.05 1.46 -0.04 2.07 1.65 1.13 1.08 2.19

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
481 1,028 1,430 1,715 1,528 1,615 1,831 1,843 1,720 2,222
362 795 994 1,316 1,119 1,093 1,382 1,449 1,387 1,877
Operating Profit 119 233 436 399 408 521 449 394 333 345
OPM % 25% 23% 31% 23% 27% 32% 25% 21% 19% 16%
2 3 1 1 2 4 5 29 -36 33
Interest 27 83 87 83 78 52 14 9 7 13
Depreciation 45 157 224 171 118 121 106 93 90 122
Profit before tax 49 -5 126 145 215 353 335 322 199 244
Tax % 12% 28% 4% 4% 6% 5% 9% 11% 6% -1%
Net Profit 43 -4 119 134 195 331 299 286 187 247
EPS in Rs 10.24 -1.00 28.30 3.20 4.64 7.89 7.13 6.92 4.54 6.11
Dividend Payout % 0% -250% 28% 0% 0% 13% 0% 14% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 8%
3 Years: 7%
TTM: 29%
Compounded Profit Growth
10 Years: %
5 Years: 5%
3 Years: -6%
TTM: 3%
Stock Price CAGR
10 Years: %
5 Years: -6%
3 Years: -11%
1 Year: -18%
Return on Equity
10 Years: %
5 Years: 16%
3 Years: 13%
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
42 42 42 42 42 42 42 41 41 40
Reserves 817 801 879 1,013 1,104 1,434 1,682 1,816 2,033 2,128
830 964 880 940 801 432 74 13 15 16
288 309 388 471 534 597 499 488 473 561
Total Liabilities 1,978 2,116 2,190 2,466 2,480 2,506 2,297 2,358 2,562 2,745
1,130 1,143 1,028 919 863 785 722 696 823 928
CWIP 129 99 41 49 55 36 74 238 127 105
Investments 2 2 2 2 1 1 2 2 2 164
717 873 1,119 1,496 1,561 1,684 1,498 1,423 1,611 1,549
Total Assets 1,978 2,116 2,190 2,466 2,480 2,506 2,297 2,358 2,562 2,745

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
-74 233 262 97 300 421 616 483 352 417
-316 -114 -41 -79 -89 -25 -193 -136 -333 -289
392 -132 -210 -14 -218 -393 -348 -201 -3 -176
Net Cash Flow 2 -14 11 4 -7 2 76 146 16 -47

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
Debtor Days 63 44 79 96 33 33 29 24 28 21
Inventory Days 590 378 174 221 173 356 232 233 212 124
Days Payable 158 176 122 148 101 228 105 87 89 73
Cash Conversion Cycle 495 247 130 168 105 161 156 171 151 73
Working Capital Days 196 57 68 112 208 192 119 96 87 58
ROCE % 5% 12% 12% 15% 21% 19% 18% 14% 12%

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
67.94 67.94 67.11 66.77 66.78 67.17 67.11 67.11 66.21 66.89 67.06 67.33
1.05 0.75 0.25 0.24 0.24 0.18 0.09 0.07 0.11 0.14 0.18 0.20
9.22 9.26 8.99 8.28 8.36 8.29 8.05 7.93 7.89 6.50 6.33 6.15
21.79 22.05 23.65 24.70 24.63 24.36 24.75 24.89 25.79 26.47 26.43 26.32

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