Star Cement
Star Cement Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Star Cement Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Star Cement Ltd trades at a P/E of 22.44× and P/B of 2.77×.
Valuation
Profitability
Growth
Financial Health
Star Cement Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Star Cement Ltd, switchable between annual and quarterly views, consolidated or standalone.
Star Cement Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹8,811.13 Cr and reported EPS of ₹9.74.
| Period | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 1,629 | 1,629 | 1,831 | 1,844 | 1,720 | 2,222 | 2,705 | 2,911 | 3,163 | 3,776 |
| Other Income | 4 | 4 | 5 | 29 | 28 | 33 | 52 | 26 | 11 | 19 |
| Total Income | 1,633 | 1,633 | 1,837 | 1,873 | 1,748 | 2,255 | 2,757 | 2,937 | 3,174 | 3,796 |
| Cost of Goods Sold (COGS) | 270 | 270 | 437 | 402 | 403 | 574 | 626 | 480 | 519 | 496 |
| Gross Profit | 1,359 | 1,359 | 1,394 | 1,442 | 1,317 | 1,648 | 2,079 | 2,431 | 2,644 | 3,280 |
| +Operating Expenses | 838 | 838 | 945 | 1,047 | 984 | 1,303 | 1,611 | 1,875 | 2,066 | 2,344 |
| EBITDA | 521 | 521 | 449 | 395 | 333 | 345 | 468 | 556 | 579 | 936 |
| +Non-Operating Expenses | 173 | 173 | 120 | 102 | 32 | 135 | 141 | 159 | 364 | 400 |
| Profit Before Tax (PBT) | 353 | 353 | 335 | 322 | 199 | 244 | 380 | 424 | 226 | 532 |
| +Tax Expense | 16 | 16 | 30 | 34 | 12 | -3 | 132 | 128 | 57 | 142 |
| Profit After Tax (PAT) | 336 | 336 | 305 | 287 | 187 | 247 | 248 | 295 | 169 | 390 |
| Earnings Per Share (EPS) | 7.89 | 7.89 | 7.13 | 6.92 | 4.54 | 6.11 | 6.13 | 7.30 | 4.18 | 9.73 |
| Diluted Shares Outstanding (Nos.) | 42 | 42 | 42 | 41 | 41 | 40 | 40 | 40 | 40 | 40 |
| +Additional Disclosures | 1,556 | 1,556 | 1,945 | 1,954 | 1,888 | 2,585 | 3,003 | 2,992 | 3,467 | 3,745 |
| Sales Growth % | — | — | 12.40 | 0.70 | -6.72 | 29.18 | 21.74 | 7.61 | 8.68 | 19.38 |
| YoY Sales Growth % | — | — | 12.40 | 0.70 | -6.72 | 29.18 | 21.74 | 7.61 | 8.68 | 19.38 |
| Material Cost % | 13 | 13 | 19 | 18 | 22 | 25 | 24 | 16 | 18 | 13 |
| Employee Cost % | 7 | 7 | 6 | 7 | 8 | 7 | 7 | 7 | 8 | 7 |
| Other Cost % | 45 | 45 | 45 | 50 | 50 | 51 | 52 | 57 | 57 | 55 |
| OPM % | 32 | 32 | 25 | 21 | 19 | 16 | 17 | 19 | 18 | 25 |
| Tax % | 5 | 5 | 9 | 11 | 6 | -1 | 35 | 30 | 25 | 27 |
| Profit Growth % | — | — | -9.29 | -5.79 | -34.87 | 31.87 | 0.34 | 19.19 | -42.79 | 131.28 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | 401 | 401 | 344 | 302 | 243 | 224 | 337 | 410 | 247 | 571 |
Star Cement segment analysis: revenue and profit mix.
Disclosed business segments at Star Cement with their share of revenue and profit, switchable between consolidated and standalone reporting.
Star Cement discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Star Cement Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Star Cement Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Star Cement Ltd's investment case rests on 10 positive markers and 10 flagged concerns drawn from the latest reported filings.
What you're getting.
Strong quarterly sales growth of 21.40% indicates robust demand.
Healthy Operating Profit Margin (OPM) of 20.80% shows efficient cost management.
Low debt-to-equity ratio of 0.14 signifies sound financial structure.
FII holdings increased to 2.96%, reflecting growing foreign investor confidence.
Five-year revenue growth CAGR of 11.40% demonstrates consistent top-line expansion.
What can break it.
High P/E ratio of 44.10 suggests potential overvaluation compared to earnings.
Promoter holdings decreased to 57.6%, raising potential governance concerns.
Return on Equity (ROE) at 6.05% is modest, indicating efficiency improvement scope.
Return on Capital Employed (ROCE) at 8.39% lags several industry peers.
Negative 5-year EPS growth of -9.39% indicates declining earnings per share.
What would change my mind.
Trim if P/E re-rates above 29. The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 19.42. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.
Star Cement Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Star Cement Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
Star Cement Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Star Cement Ltd — derived from the live tape, not yesterday's close.
Star Cement Ltd last traded at ₹218.57 with an intraday range of ₹208.3–₹221.3 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹218.57| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 249.81 | +31.24 | +14.29% |
| R3 | 236.81 | +18.24 | +8.35% |
| R2 | 229.06 | +10.49 | +4.80% |
| R1 | 223.81 | +5.24 | +2.40% |
| PIVOT | 216.06 | -2.51 | -1.15% |
| CURRENT | 218.57 | — | — |
| S1 | 184.81 | -33.76 | -15.44% |
| S2 | 197.81 | -20.76 | -9.50% |
| S3 | 203.06 | -15.51 | -7.10% |
| S4 | 210.81 | -7.76 | -3.55% |
STARCEMENT is trading Above CPR, indicating Bullishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: 208.3 ~ 210.82
Trading Above opening range, showing Bullishness
Star Cement Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Star Cement Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Star Cement Ltd stood at 34.5% of traded volume, against a 20-day average of 58.0%.
Star Cement announcements: results, concalls, ratings, M&A.
Filings Star Cement sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Star Cement files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 127 documents below.
Investor Presentation
Star Cement Limited has informed the Exchange about Investor Presentation
Analysts/Institutional Investor Meet/Con. Call Updates
Star Cement Limited has informed the Exchange about Transcript
General Updates
Star Cement Limited has informed the Exchange about General Updates
Change in Management
Star Cement Limited has informed the Exchange about change in Management
Outcome of Board Meeting
Star Cement Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
Investor decks & rating reports.
Investor Presentation
Investor Presentation
Investor Presentation
Investor Presentation
Investor Presentation
Star Cement insider trading: promoter and management activity.
Promoter, director and designated-employee transactions in Star Cement as reported to SEBI — buying and selling signals from the people who know the business best.
Star Cement insider activity below tracks 36 reported promoter, director and designated-employee transactions under SEBI Regulation 7(2).
| Insider | Category | Txn Date | Action | Quantity | Value (₹) | Price |
|---|---|---|---|---|---|---|
| Shraddha Agarwal | Insider | 30 Mar 2026 | buy | +1.4 K | ₹2.73 L | ₹202.37 |
| Shraddha Agarwal | Insider | 30 Mar 2026 | buy | +1.4 K | ₹2.73 L | ₹202.37 |
| Shraddha Agarwal | Insider | 30 Mar 2026 | buy | +1.4 K | ₹2.73 L | ₹202.37 |
| Prem Kumar Bhajanka | Insider | 04 Mar 2026 | buy | +98.4 K | ₹2 Cr | ₹203.42 |
| Prem Kumar Bhajanka | Insider | 04 Mar 2026 | buy | +98.4 K | ₹2 Cr | ₹203.42 |
| Prem Kumar Bhajanka | Insider | 04 Mar 2026 | buy | +98.4 K | ₹2 Cr | ₹203.42 |
| Suhag Overseas Trading Private Limited | Insider | 13 Jun 2025 | buy | +7.7 K | ₹16.38 L | ₹213.15 |
| Suhag Overseas Trading Private Limited | Insider | 12 Jun 2025 | buy | +30.6 K | ₹66.3 L | ₹216.53 |
| Suchita Agarwal | Insider | 10 Jun 2025 | sell | −5.0 K | ₹10.87 L | ₹217.43 |
| VINAY AND COMPANY | Insider | 10 Jun 2025 | sell | −2.1 K | ₹4.61 L | ₹219.47 |
Star Cement dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Star Cement has declared, sequenced by announce and record date.
Star Cement corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Star Cement Ltd: business, sector, key facts.
What Star Cement Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Star Cement Ltd operates in the Basic Materials, listed as NSE: STARCEMENT, BSE: 540575.
Star Cement Limited is a prominent player in the Indian cement industry, with a significant international presence. Its core business revolves around the manufacturing and sale of a diverse range of cement and clinker products. This product portfolio caters to a broad spectrum of construction needs, ensuring a wide market reach. The company's product offerings include ordinary Portland cement, Portland pozzolana cement, Portland slag cement, and specialized products such as anti-rust and weather shield cements, all marketed under the well-established Star Cement brand.
The company's distribution strategy is built upon a robust network of dealers and retailers, ensuring efficient and widespread availability of its products throughout its target markets. This extensive network is crucial for maintaining consistent market penetration and ensuring timely delivery to construction sites, which is a key factor for success in the fast-paced construction sector. This broad reach helps Star Cement cater to both large-scale infrastructure projects and smaller-scale residential constructions.
Beyond cement production, Star Cement Limited also engages in power generation. This diversification strategy enhances operational efficiency and reduces dependence on external power sources, contributing to cost savings and enhanced sustainability. The self-generated power likely supports the energy-intensive cement manufacturing process, optimizing production costs and minimizing environmental impact associated with reliance on external power grids. This integrated approach positions Star Cement as a vertically integrated company, maximizing control over its supply chain and reducing vulnerabilities.
Star Cement Limited's history dates back to its incorporation in 2001, initially operating under the name Cement Manufacturing Company Limited. The rebranding to Star Cement Limited in June 2016 marked a strategic shift, potentially aimed at enhancing brand recognition and market positioning. Headquartered in Kolkata, India, the company continues to expand its market share and cement its position as a major force in the cement industry both domestically and internationally. The company's longevity and adaptability suggest a successful and sustainable business model in a highly competitive market.
Questions investors ask about Star Cement Ltd (STARCEMENT).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Star Cement Ltd (STARCEMENT)?
The current share price of Star Cement Ltd (STARCEMENT) is ₹218.57. Today, the stock has gained by ₹10.90 (5.25%), trading in a range of ₹208.3 to ₹221.3. The stock opened at ₹208.3 with a trading volume of 17,39,140 shares.
02Is Star Cement Ltd stock a good investment for long-term?
Star Cement Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹8,811.13 crores, P/E ratio of 22.44, ROE of 12.87%, and ROCE of 8.39%. The dividend yield stands at 0.96%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Star Cement Ltd stock?
The 52-week high price of Star Cement Ltd (STARCEMENT) is ₹0, while the 52-week low is ₹0. Currently trading at ₹218.57, the stock is Infinity% away from its 52-week low and -Infinity% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Star Cement Ltd stock at the current price?
Whether to buy Star Cement Ltd stock at ₹218.57 depends on multiple factors. The stock is currently trading with a P/E ratio of 22.44 and P/B ratio of 2.77. Today's performance shows a gain of 5.25%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Star Cement Ltd and when is the next dividend?
Star Cement Ltd offers a dividend yield of 0.96%, which means for every ₹100 invested at the current price of ₹218.57, you can expect to receive approximately ₹0.96 annually as dividends. The face value of the stock is ₹1.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Star Cement Ltd?
Star Cement Ltd's key financial metrics include: P/E Ratio: 22.44, P/B Ratio: 2.77, ROE: 12.87%, ROCE: 8.39%, Dividend Yield: 0.96%, EPS: ₹9.74, Book Value: ₹78.87, and Debt-to-Equity: 18.92. The company's market cap stands at ₹8,811.13 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Star Cement Ltd stock performing today in the market?
Star Cement Ltd stock opened at ₹208.3 and is currently trading at ₹218.57, showing a gain of ₹10.90 (5.25%). The intraday high is ₹221.3 and low is ₹208.3. The trading volume stands at 17,39,140 shares, indicating strong market participation today.
08What is the P/E ratio of Star Cement Ltd and what does it indicate?
Star Cement Ltd has a Price-to-Earnings (P/E) ratio of 22.44, which means investors are willing to pay ₹22.44 for every ₹1 of earnings. With an EPS of ₹9.74, this P/E ratio indicates moderate valuation in line with market standards. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Star Cement Ltd (STARCEMENT) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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