Star Cement Limited
₹170.65+₹7.75 (+4.8%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹8,666 Cr
- P/E
- 270.0x
- EV / EBITDA
- 19.9x
- Revenue
- ₹1,992 Cr
- Net margin
- 7.6%
- ROCE
- 22.0%
Price chart
Technical chartScreen technicals →-33.4% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -6.2%
- 3M
- -15.6%
- 6M
- -25.9%
- 1Y
- -33.4%
- 5Y
- +69.3%
52-week range
Day change +₹7.75 (+4.8%) from ₹163 to ₹171 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in STARCEMENT, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong operating cash conversion — CFO/PAT ratio of 1.84
Concerns1
- Valuation elevated — PE of 270.0x is 468% above peer average of 47.5x
Rule-based from financial data. Not advice.
About the company
Star Cement Limited manufactures and supplies cement and clinker products in India and internationally. The company offers ordinary Portland, Portland pozzolana, and antirust and weather shield products under the Star Cement brand. It also generates power, as well as provides fleet services. The company was formerly known as Cement Manufacturing Company Limited and changed its name to Star Cement Limited in June 2016. Star Cement Limited was incorporated in 2001 and is based in Kolkata, India.
- Sector
- Materials
- Shares outstanding
- 40.5 Cr shares
- ISIN
- INE460H01021
- BSE code
- 540575
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹8,666 Cr
- P/E
- 270.0x
- P/B
- 5.3x
- EV / EBITDA
- 19.9x
- EV / Sales
- 3.0x
- P/S
- 3.0x
- Earnings yield
- 0.4%
- 52-week high
- ₹262.70
- 52-week low
- ₹158.15
Profitability
- Operating margin
- 13.6%
- Net margin
- 7.6%
- EBITDA margin
- 15.0%
- ROE
- 13.1%
- ROCE
- 22.0%
- ROA
- 9.1%
- Dividend payout
- 0.0%
- Tax rate
- 35.0%
- Other income, % of PBT
- 11.8%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,992 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -31.2%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 10.3%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹434 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 28.0%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -126.2%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 0.2%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹407 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 24.8%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 14.7%
Solvency and efficiency
- Current ratio
- 1.46
- Debt / Equity
- 0.06
- Debt / Assets
- 0.04
- Debt / EBITDA
- 0.25
- Interest coverage
- 30.31
- Financial leverage
- 1.45
- CFO / Net profit
- 1.84
- Cash / Market cap
- 7.0%
- Cash per share
- ₹14.92
- Asset turnover
- 1.19
- Fixed asset turnover
- 5.93
- Capital intensity
- 0.17
- Debtor days
- 14 days
- Inventory turnover
- 10.74
- Cash conversion cycle
- -11 days
Where the revenue went
FY2025 ended in a loss, so the lines are listed rather than drawn as a flow.
| Line | FY2025 |
|---|---|
| Sales | ₹1,992 Cr |
| Expenses | ₹1,883 Cr |
| Operating profit | ₹109 Cr |
| Other income | ₹14 Cr |
| Interest | ₹20 Cr |
| Depreciation | ₹188 Cr |
| Profit before tax | -₹85 Cr |
| Tax and other | -₹27 Cr |
| Net profit | -₹58 Cr |
Revenue and net profit
Revenue fell 31.2% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹1,664 Cr | ₹157 Cr |
| FY2022 | ₹2,196 Cr | ₹176 Cr |
| FY2023 | ₹2,707 Cr | ₹164 Cr |
| FY2024 | ₹2,894 Cr | ₹221 Cr |
| FY2025 | ₹1,992 Cr | -₹58 Cr |
Cash flows
FY2025: ₹19.0 Cr from operations, -₹306 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹272 Cr | ₹37 Cr |
| FY2022 | ₹260 Cr | ₹180 Cr |
| FY2023 | ₹326 Cr | ₹164 Cr |
| FY2024 | ₹407 Cr | -₹124 Cr |
| FY2025 | ₹19 Cr | -₹306 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹1,992 Cr-31.2%1Y
- Net profit
- -₹58 Cr-126.2%1Y
- Cash from operations
- ₹19 Cr
- Free cash flow
- -₹306 Cr
- Revenue CAGR, 5Y
- 10.3%
- EBITDA CAGR, 5Y
- 6.7%
- Net profit CAGR, 5Y
- 0.2%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹1,992 Cr | ₹109 Cr | — | -₹58 Cr | ₹19 Cr | -₹306 Cr | -3.6% | -31.2% | -126.2% |
Monthly returns
Month-by-month returns of STARCEMENT across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹2,722 Cr |
| Equity capital | ₹40 Cr |
| Reserves | ₹1,584 Cr |
| Borrowings | ₹435 Cr |
| Other liabilities | ₹662 Cr |
| Assets | ₹2,722 Cr |
| Fixed assets | ₹1,528 Cr |
| Capital work in progress | ₹94 Cr |
| Investments | ₹340 Cr |
| Other assets | ₹760 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
STARCEMENT trades at 270.0x earnings against a peer median of 35.5x (a 662% premium).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Star Cement LimitedSTARCEMENTthis companyP/E ↑ premium | ₹8,666 Cr | 270.0x | 5.3x | 13.1% | 19.9x |
| JK Lakshmi Cement LimitedJKLAKSHMI | ₹9,438 Cr | 20.4x | 2.5x | 14.9% | 9.9x |
| Clean Science and Technology LimitedCLEAN | ₹9,091 Cr | 30.9x | 5.9x | 20.4% | 24.0x |
| Alkyl Amines Chemicals Ltd.ALKYLAMINE | ₹8,244 Cr | 45.2x | 5.7x | 11.8% | 30.7x |
| Ashapura Minechem LtdASHAPURMIN | ₹8,147 Cr | 57.9x | 20.5x | 83.4% | 46.1x |
| Birla Corporation Ltd.BIRLACORPN | ₹8,110 Cr | 28.4x | 1.4x | 3.5% | 14.0x |
| Kirloskar Ferrous Industries Ltd.KIRLFER | ₹7,675 Cr | 22.2x | 2.1x | 9.9% | 10.2x |
| Rashtriya Chemicals & Fertilizers LimitedRCF | ₹7,577 Cr | 24.5x | 1.5x | 4.9% | 12.9x |
| Sharda Cropchem LimitedSHARDACROP | ₹7,330 Cr | 17.9x | 3.0x | 6.5% | 14.7x |
| Peer median | — | 35.5x | 3.7x | 12.9% | 19.2x |
Year-to-date ROI
STARCEMENT since 1 January, against earlier years.
Historical volatility
STARCEMENT's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 14.0% |
| FY2022 | 11.0% |
| FY2023 | 12.0% |
| FY2024 | 14.0% |
| FY2025 | 5.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹1,992 Cr |
| Costs | |
| Interest | ₹20 Cr |
| Expenses | ₹1,883 Cr |
| Operating profitOperating Profit | ₹109 Cr |
| Other income and charges | |
| Profit before tax | -₹85 Cr |
| Tax | |
| Net profitNet Profit | -₹58 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹2,722 Cr |
| Equity capitalEquity Capital | ₹40 Cr |
| Reserves | ₹1,584 Cr |
| Borrowings | ₹435 Cr |
| Other liabilitiesOther Liabilities | ₹662 Cr |
| AssetsTotal Assets | ₹2,722 Cr |
| Fixed assetsFixed Assets | ₹1,528 Cr |
| Capital work in progressCWIP | ₹94 Cr |
| Investments | ₹340 Cr |
| Other assetsOther Assets | ₹760 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹19 Cr |
| Investing cash flowCash from Investing Activity | -₹325 Cr |
| Financing cash flowCash from Financing Activity | ₹307 Cr |
| Change in cashNet Cash Flow | ₹0 Cr |
Learn while you research
Academy chapters picked for Star Cement Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 270.0, learn when high multiples are justified.6 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read