Star Cement

₹217.4 0.2 | 0.1%

WEBSITE BSE:540575 NSE : STARCEMENT 10 May, 16:01

Market Cap ₹8787 Cr.

Stock P/E 28.9

P/B 3.4

Current Price ₹217.4

Book Value ₹ 64.9

Face Value 1

52W High ₹241.9

Dividend Yield 0%

52W Low ₹ 122.2

Edit Ratio

Star Cement Research see more...

Overview Inc. Year: 2001Industry: Cement & Construction Materials

Star Cement Ltd is engaged in cement manufacturing in north east India. The Company's product range includes cement and clinker. Clinker is sold in home market in addition to exported to Nepal and Bhutan. Cement supplying includes Star Cement Portland Pozzolana Cement (PPC), Star Cement Portland slag cement (PSC), Star Anti Rust Cement (ARC) and Star Cement ordinary Portland cement (OPC). Star Cement PPC is type of blended cement, that's produced by either inter-grinding of OPC clinker along side gypsum and pozzolanic materials in sure proportions or grinding the OPC clinker, gypsum and Pozzolanic materials. PSC is used in concrete as a part of combined cement. ARC is imparts anti rust and anti corrosive houses in the reinforcing bars. OPC can be used for RCC works, precast concrete items, along with paving blocks, tiles and constructing blocks, and additionally for runways, concrete roads and bridges.

Star Cement Share Price

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Star Cement Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	407	555	749	665	593	617	825	760	585	651
Other Income	9	7	9	14	14	12	13	9	6	4
Total Income	415	562	758	679	607	629	838	769	591	656
Total Expenditure	335	487	636	541	524	509	659	631	487	503
Operating Profit	80	75	123	138	83	120	179	138	104	153
Interest	7	2	2	3	3	3	1	2	3	3
Depreciation	29	32	35	30	32	34	35	32	36	37
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	44	41	85	105	49	83	143	104	65	113
Provision for Tax	-2	-3	-3	38	18	30	47	11	24	40
Profit After Tax	47	44	88	68	31	53	96	93	41	74
Adjustments	-0	0	-0	0	0	0	0	0	0	0
Profit After Adjustments	47	44	88	68	31	53	96	93	41	74
Adjusted Earnings Per Share	1.1	1.1	2.2	1.7	0.8	1.3	2.4	2.3	1	1.8

Star Cement Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	595	1028	1430	1715	1528	1615	1831	1843	1720	2222	2705	2821
Other Income	2	3	1	1	3	4	5	30	28	33	52	32
Total Income	597	1031	1431	1716	1530	1619	1837	1873	1748	2255	2757	2854
Total Expenditure	476	794	994	1316	1120	1093	1382	1449	1387	1877	2236	2280
Operating Profit	120	237	437	401	411	526	455	424	361	379	520	574
Interest	27	83	87	83	78	52	14	9	7	13	10	9
Depreciation	45	157	224	171	118	121	106	93	90	122	131	140
Exceptional Income / Expenses	0	-1	0	-1	0	0	0	0	-65	0	0	0
Profit Before Tax	49	-5	126	145	215	353	335	322	199	244	380	425
Provision for Tax	6	-1	5	6	14	16	30	34	12	-3	132	122
Profit After Tax	43	-3	121	139	201	336	305	287	187	247	248	304
Adjustments	-0	-1	-3	-5	-6	-6	-6	-2	0	0	0	0
Profit After Adjustments	43	-4	119	134	195	331	299	286	187	247	248	304
Adjusted Earnings Per Share	1	-0.1	2.8	3.2	4.6	7.9	7.1	6.9	4.5	6.1	6.1	7.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	22%	14%	11%	16%
Operating Profit CAGR	37%	7%	-0%	16%
PAT CAGR	0%	-5%	-6%	19%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	72%	28%	15%	NA%
ROE Average	11%	11%	13%	13%
ROCE Average	17%	13%	15%	13%

Star Cement Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	859	843	921	1055	1146	1476	1724	1857	2074	2168	2416
Minority's Interest	44	45	48	53	57	62	68	70	0	0	0
Borrowings	755	649	502	384	372	199	2	1	0	0	0
Other Non-Current Liabilities	82	78	95	108	32	-57	-79	-110	-107	-89	0
Total Current Liabilities	238	501	624	866	787	755	544	304	368	426	668
Total Liabilities	1978	2116	2190	2466	2392	2436	2258	2122	2336	2506	3084
Fixed Assets	1130	1143	1028	919	863	785	722	696	823	923	891
Other Non-Current Assets	402	471	440	496	153	158	232	366	262	591	1057
Total Current Assets	445	502	722	1051	1376	1493	1304	1059	1252	992	1137
Total Assets	1978	2116	2190	2466	2392	2436	2258	2122	2336	2506	3084

Star Cement Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	23	25	9	20	24	16	19	95	42	55	8
Cash Flow from Operating Activities	-74	233	262	97	300	421	616	483	350	417	375
Cash Flow from Investing Activities	-316	-117	-41	-79	-89	-25	-193	-136	-333	-289	-272
Cash Flow from Financing Activities	392	-132	-210	-14	-218	-393	-348	-201	-3	-176	10
Net Cash Inflow / Outflow	2	-16	11	4	-7	2	76	146	14	-47	114
Closing Cash & Cash Equivalent	25	9	20	24	16	19	95	241	55	8	122

Star Cement Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	1.02	-0.1	2.83	3.2	4.65	7.89	7.13	6.92	4.54	6.11	6.13
CEPS(Rs)	2.1	3.66	8.23	7.41	7.6	10.9	9.79	9.22	6.72	9.11	9.37
DPS(Rs)	0	0.25	0.8	0	0	1	0	1	0	0	0
Book NAV/Share(Rs)	20.5	20.11	21.98	25.17	27.34	35.22	41.11	45.03	50.29	53.65	59.78
Core EBITDA Margin(%)	18.96	22.72	29.63	22.65	26.3	32	24.53	19.79	17.86	14.25	15.82
EBIT Margin(%)	12.12	7.64	14.49	12.97	18.87	24.86	19.06	16.61	11.07	10.61	13.15
Pre Tax Margin(%)	7.83	-0.47	8.56	8.24	13.84	21.64	18.27	16.14	10.7	10.06	12.82
PAT Margin (%)	6.91	-0.34	8.24	7.9	12.95	20.64	16.66	14.42	10.05	10.18	8.36
Cash Profit Margin (%)	14.06	14.9	23.42	17.63	20.54	28.04	22.43	19.09	14.88	15.2	12.79
ROA(%)	2.51	-0.17	5.64	5.99	8.27	13.93	12.99	13.12	8.4	10.19	8.86
ROE(%)	5.9	-0.41	13.75	14.1	18.25	25.64	19.06	16.05	9.52	11.63	10.8
ROCE(%)	4.96	4.41	11.83	12.04	14.86	21.01	18.83	18.04	10.42	12.06	16.87
Receivable days	52.44	36.83	53.87	78.51	68.98	31.84	28.93	24.36	24.88	19.62	14.39
Inventory Days	67.32	49.15	32.78	32.94	43.56	51.06	56.99	48.92	48.16	32.38	35.1
Payable days	129.72	127.69	119.36	114.25	125.13	170.59	131.36	100.45	87.92	99.37	147.19
PER(x)	0	0	0	0	0	14.66	13.86	9.86	21.39	14.68	18.25
Price/Book(x)	0	0	0	0	0	3.28	2.4	1.52	1.93	1.67	1.87
Dividend Yield(%)	0	0	0	0	0	0.87	0	1.46	0	0	0
EV/Net Sales(x)	1.54	0.97	0.63	0.56	0.54	3.26	2.19	1.38	2.06	1.46	1.56
EV/Core EBITDA(x)	7.63	4.21	2.06	2.39	2	10	8.8	6.01	9.83	8.56	8.13
Net Sales Growth(%)	5.31	72.78	39.15	19.9	-10.92	5.68	13.41	0.66	-6.69	29.18	21.74
EBIT Growth(%)	-31.06	3.76	171.47	7.1	28.07	38.31	-13.84	-5.2	-37.66	24.6	51.51
PAT Growth(%)	-51.17	-108	3609.18	14.85	44.17	67.34	-9.28	-5.79	-34.87	31.87	0.34
EPS Growth(%)	-52.23	-109.79	2925.9	12.97	45.27	69.8	-9.64	-2.85	-34.47	34.56	0.34
Debt/Equity(x)	1.05	1.14	0.96	0.89	0.7	0.29	0.04	0.01	0.01	0	0.01
Current Ratio(x)	1.87	1	1.16	1.21	1.75	1.98	2.4	3.49	3.4	2.33	1.7
Quick Ratio(x)	1.36	0.69	0.98	0.97	1.54	1.59	1.89	2.64	2.76	1.87	1.14
Interest Cover(x)	2.83	0.94	2.44	2.74	3.75	7.72	24.27	35.43	29.51	19.26	40.16
Total Debt/Mcap(x)	0	0	0	0	0	0.09	0.02	0	0	0	0.01

Star Cement Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	67.06	67.33	67.37	67.43	67.03	67.12	66.76	66.55	66.48	66.59
FII	0.18	0.2	0.28	0.4	0.53	0.63	0.69	0.77	1.05	1.52
DII	6.34	6.14	6.14	6.14	6.14	6.14	6.23	6.09	6.02	6.11
Public	26.43	26.32	26.21	26.03	26.29	26.11	26.33	26.59	26.45	25.78
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	27.1	27.21	27.23	27.25	27.09	27.13	26.98	26.9	26.87	26.91
FII	0.07	0.08	0.11	0.16	0.22	0.26	0.28	0.31	0.42	0.62
DII	2.56	2.48	2.48	2.48	2.48	2.48	2.52	2.46	2.43	2.47
Public	10.68	10.64	10.6	10.52	10.63	10.55	10.64	10.75	10.69	10.42
Others	0	0	0	0	0	0	0	0	0	0
Total	40.42	40.42	40.42	40.42	40.42	40.42	40.42	40.42	40.42	40.42

Pros

Company is almost debt free.

Cons

Company has a low return on equity of 11% over the last 3 years.
Debtor days have increased from 99.37 to 147.19days.
Stock is trading at 3.4 times its book value.
The company has delivered a poor profit growth of -5% over past five 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.

Star Cement News

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Star Cement

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Star Cement Research see more...

Overview Inc. Year: 2001Industry: Cement & Construction Materials

Star Cement Share Price

Alert Data

Quarterly Price

Peer Comparison

Star Cement Quarterly Results

Star Cement Profit & Loss

Growth Rates

Star Cement Balance Sheet

Star Cement Cash Flow

Star Cement Ratios

Star Cement Shareholding Pattern

Star Cement News

IPO

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