Star Cement
- Market cap
- ₹ 6,532 Cr.
- P/E
- 17.1x
- P/B
- 2.05x
- 52-week range
- 156.2 – 269.6
- ROE
- 13%
- ROCE
- 17%
- Dividend yield
- 0.6%
- Debt / equity
- 0.19
- Sector
- Cement & Cement Products
- Industry
- Cement & Cement Products
- Listed on
- NSE, BSE
About
Star Cement Limited is an India-based cement company. The Company is engaged in the manufacturing and selling of Cement Clinker and Cement. Its integrated cement plant is based in a location in the idyllic town of Lumshnong in Meghalaya and three grinding units, two at Sonapur near Guwahati, Assam and one at Mohitnagar near Jalpaiguri Town in West Bengal. The Company’s products include Star Weather Shield Cement, Star Dhalai Master Cement, Star Cement Portland Pozzolana Cement (PPC), and Star Cement Ordinary Portland Cement (OPC). Its Star Cement OPC includes OPC 53 & 43 Grade. Star Cement PPC is a blended cement created by combining OPC clinker with gypsum and pozzolanic materials. The Company also offers comprehensive solutions, including technical and home-building guidance. Its subsidiaries include Star Cement Meghalaya Limited, Star Century Global Cement Private Limited, Star Cement North East Limited, Star Cement (I) Limited, Ri Pnar Cement Private Limited, and others.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Cement & Cement Products: 42 companies →Star Cement against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)17.1 against a typical 32.3: cheaper than most peers (1st = cheapest).11th of 40
- Sales growth+3.4% against a typical +9.4% from a year earlier.26th of 37
- Profit growth−24.5% against a typical −31.3% from a year earlier.13th of 28
- Share price, 3 months−20.3% against a typical −13.2%.31st of 39
- Size₹ 6,531.9 Cr. market value against a typical ₹ 686.3 Cr. (1st = largest).9th of 32
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA by CRISIL- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil AA | Stable | 31 Aug 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 31 Aug 2026 | Reaffirmed | Crisil AA | — | CRISIL | ₹ 746 Cr. |
Research by Minerva Capital Research Solutions
Our research team's work on Star CementAlso covered in
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 6 Nov 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 7 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 22 May 2026 | Financial Results | To consider and approve the Audited financial results (Standalone and Consolidated) for the quarter and year ended March 31, 2026 |
| 6 Feb 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended December 31, 2025 and dividend |
| 4 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 14 Oct 2025 | Fund Raising | Pursuant to Regulation 29(1), 29(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, this is to inform you that a meeting of the Board of Directors of the Company will be held on Tuesday, 14th October, 2025 to inter alia consider and evaluate proposals for raising funds by way of issue of bonds/ debentures/ non-convertible debt instruments/ equity shares/ warrants/ any other securities, including through preferential issue, private placement, qualified institutions placement, rights issue or any other methods or combination thereof, subject to approvals from the shareholders, stock exchanges and other regulatory/ governmental authorities, as may be required, and to transact any other businesses with the permission of the Chair. |
| 8 Aug 2025 | Financial Results/Dividend | To consider and approve the un-audited financial results for the period ended Jun 30, 2025 and proposal for interim dividend |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 585 | 651 | 914 | 751 | 642 | 719 | 1,052 | 912 | 811 | 880 | 1,174 | 943 |
| Expenses | 487 | 503 | 734 | 635 | 546 | 615 | 789 | 684 | 621 | 678 | 858 | 748 |
| Operating Profit | 99 | 149 | 180 | 116 | 96 | 104 | 263 | 228 | 190 | 202 | 315 | 194 |
| OPM % | 17% | 23% | 20% | 15% | 15% | 14% | 25% | 25% | 23% | 23% | 27% | 21% |
| Other Income | 6 | 4 | 8 | 1 | 2 | 3 | 5 | 2 | 3 | −1 | 3 | 8 |
| Interest | 3 | 3 | 4 | 6 | 7 | 10 | 9 | 10 | 11 | 12 | 13 | 14 |
| Depreciation | 36 | 37 | 42 | 73 | 83 | 89 | 88 | 85 | 90 | 91 | 99 | 91 |
| Profit before tax | 65 | 113 | 141 | 39 | 8 | 8 | 171 | 135 | 92 | 99 | 207 | 98 |
| Tax % | 38% | 35% | 38% | 21% | 25% | −19% | 28% | 27% | 23% | 25% | 29% | 24% |
| Net Profit | 41 | 74 | 88 | 31 | 6 | 9 | 123 | 98 | 71 | 74 | 147 | 74 |
| EPS in Rs | 1.01 | 1.82 | 2.17 | 0.77 | 0.14 | 0.22 | 3.05 | 2.44 | 1.78 | 1.85 | 3.66 | 1.85 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 8%
- 5 Years
- 17%
- 3 Years
- 12%
- TTM
- 15%
- 10 Years
- 12%
- 5 Years
- 10%
- 3 Years
- 18%
- TTM
- 60%
- 10 Years
- —
- 5 Years
- 11%
- 3 Years
- 7%
- TTM
- —
- 10 Years
- 13%
- 5 Years
- 11%
- 3 Years
- 10%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Star Cement | ₹ 162.00 | ₹ 6,532 Cr. | 17.1x | 2.1x | 13% | — |
| UltraTech Cement | ₹ 11,066.00 | ₹ 3,26,092 Cr. | 41.7x | 4.5x | 11.1% | 9.3% |
| Grasim Industries | ₹ 2,898.00 | ₹ 1,95,975 Cr. | 40.8x | 2x | 4.9% | 5.9% |
| Ambuja Cements | ₹ 358.00 | ₹ 88,956 Cr. | 21.9x | 1.8x | 8.3% | 13.8% |
| Shree Cement | ₹ 22,760.00 | ₹ 82,120 Cr. | 55.2x | 4.1x | 7.8% | 8.4% |
| Dalmia Bharat | ₹ 1,591.65 | ₹ 29,801 Cr. | 29.5x | 1.9x | 6.5% | 7.8% |
Management
- Sajjan Bhajanka
- Executive Chairman of the Board and Managing Director
- Tushar Bhajanka
- Chief Executive Officer, Managing Director, Executive Director
- Prem Kumar Bhajanka
- Executive Vice Chairman of the Board, Managing Director
- Manoj K. Agarwal
- Chief Financial Officer
- Sanjay Agarwal
- Managing Director, Executive Director
- Pankaj Kejriwal
- Executive Director
- Debabrata Thakurta
- Company Secretary
Prices are delayed and for information only. Nothing on this page is investment advice.