Star Cement Ltd. (IN:STARCEMENT)
:STARCEMENT
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Star Cement Ltd.
(STARCEMENT)
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Rating:63Neutral
Price Target:
₹236.00
▲(6.16% Upside)
Action:Reiterated
Date:05/25/26
The score is primarily supported by improving profitability and a generally low-leverage balance sheet, but constrained by volatile/weak free-cash-flow conversion. Technical signals are mixed with negative MACD and near-term softness versus the 20DMA, and valuation is only moderate with a low dividend yield.
Positive Factors
Conservative balance sheet / low leverage
A conservatively positioned balance sheet with modest debt relative to equity provides durable financial flexibility. This stronger capital base supports investment in capacity, cushions against cyclical downturns in construction demand, and reduces refinancing risk over the next several quarters.
Negative Factors
Volatile free cash flow conversion
Inconsistent FCF conversion means reported earnings do not reliably translate into surplus cash, limiting the company's ability to self-fund capex, reduce debt, or sustain payouts. Over several quarters this raises reliance on external financing and constrains strategic flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / low leverage
A conservatively positioned balance sheet with modest debt relative to equity provides durable financial flexibility. This stronger capital base supports investment in capacity, cushions against cyclical downturns in construction demand, and reduces refinancing risk over the next several quarters.
Read all positive factors
Star Cement Ltd. (STARCEMENT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹85.08B
Dividend Yield0.45%
Average Volume (3M)16.25K
Price to Earnings (P/E)21.6
Beta (1Y)0.74
Revenue Growth19.38%
EPS Growth132.69%
CountryIN
Employees855
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)7.49
Shares Outstanding404,180,420
10 Day Avg. Volume17,163
30 Day Avg. Volume16,251
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)2.58
Price to Sales (P/S)2.18
P/FCF Ratio36.66
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)10.52
Revenue Forecast (FY)₹41.70B
Star Cement Ltd. Business Overview & Revenue Model
Company Description
Star Cement Limited, an Indian company established in 2001 and headquartered in Kolkata, specializes in the manufacture and sale of cement and clinker products. Its market footprint spans across the northeastern and eastern regions of India, exten...
How the Company Makes Money
Star Cement makes money mainly by manufacturing and selling cement to a mix of customers such as cement dealers/distributors, retailers, contractors, and institutional/bulk buyers involved in real estate and infrastructure projects. Its core reven...
Star Cement Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
82
Very Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 34.94B | 37.76B | 31.63B | 28.88B | 25.76B | 22.19B |
| Gross Profit | 22.97B | 20.80B | 21.15B | 18.54B | 16.61B | 12.23B |
| EBITDA | 7.98B | 9.36B | 5.89B | 5.84B | 5.22B | 3.81B |
| Net Income | 3.03B | 3.93B | 1.69B | 2.95B | 2.48B | 2.47B |
Balance Sheet | ||||||
| Total Assets | 43.72B | 46.47B | 41.07B | 36.02B | 31.31B | 27.45B |
| Cash, Cash Equivalents and Short-Term Investments | 1.56B | 3.13B | 2.27B | 945.46M | 3.10B | 3.83B |
| Total Debt | 6.43B | 6.03B | 4.03B | 1.47B | 353.50M | 156.52M |
| Total Liabilities | 13.65B | 14.59B | 12.28B | 8.92B | 7.15B | 5.77B |
| Stockholders Equity | 30.08B | 31.91B | 28.79B | 27.10B | 24.16B | 21.68B |
Cash Flow | ||||||
| Free Cash Flow | -432.57M | 2.24B | -2.85B | -5.47B | -1.97B | 2.18B |
| Operating Cash Flow | 1.69B | 7.17B | 2.96B | 4.90B | 3.75B | 4.17B |
| Investing Cash Flow | -2.75B | -8.44B | -5.29B | -6.50B | -2.72B | -2.89B |
| Financing Cash Flow | 1.71B | 996.79M | 2.24B | 864.80M | 100.03M | -1.76B |
Star Cement Ltd. Technical Analysis
Negative
222.30
Price Trends
219.49
Negative
215.86
Negative
229.09
Negative
Market Momentum
-1.44
Negative
43.62
Neutral
25.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:STARCEMENT, the sentiment is Negative. The current price of 222.3 is above the 20-day moving average (MA) of 211.94, above the 50-day MA of 219.49, and below the 200-day MA of 229.09, indicating a bearish trend. The MACD of -1.44 indicates Negative momentum. The RSI at 43.62 is Neutral, neither overbought nor oversold. The STOCH value of 25.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:STARCEMENT.
Star Cement Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹77.33B | 13.85 | ― | 0.92% | 4.79% | 88.87% | |
63 Neutral | ₹85.08B | 21.60 | ― | 0.45% | 19.38% | 132.69% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | ₹109.40B | 30.38 | ― | ― | 9.48% | 1545.41% | |
56 Neutral | ₹73.85B | 17.98 | ― | 0.82% | 9.20% | 33.12% | |
52 Neutral | ₹119.00B | -176.45 | ― | ― | 6.86% | 53.19% | |
43 Neutral | ₹59.37B | 81.29 | ― | ― | 4.34% | -8.66% |
* Basic Materials Sector Average
IN:STARCEMENT
Star Cement Ltd.
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-0.64%
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Star Cement Ltd. Corporate Events
Star Cement Steps into Renewable Energy with Acquisition of Jaitaran Renewable Power
Apr 23, 2026
Star Cement North East Limited, a subsidiary of Star Cement Limited, has acquired 100% of Jaitaran Renewable Power Private Limited, an energy and power company, for a cash consideration of Rs. 20,000, making JRPPL its wholly owned subsidiary and a...
Star Cement unit to acquire Nitesh Minerals for limestone security
Apr 18, 2026
Star Cement Ltd. has announced that its wholly owned subsidiary, Ri Pnar Cement Pvt. Ltd., has signed a share purchase agreement to acquire 100% of Nitesh Minerals Pvt. Ltd., a company in the mines and minerals sector. Upon completion, Nitesh Mine...
Star Cement Assigned Independent ESG Rating of 70 by CFC Finlease
Mar 23, 2026
Star Cement Limited has received an Environment, Social and Governance rating of 70 from CFC Finlease Private Limited, a SEBI-registered ESG rating provider, based on publicly disclosed information for the financial year ended 2025. The rating, pr...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.