Star Cement Ltd. (IN:STARCEMENT)
:STARCEMENT
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Star Cement Ltd.
(STARCEMENT)
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Rating:58Neutral
Price Target:
₹214.00
▼(-3.73% Downside)
Action:ReiteratedDate:11/19/25
Star Cement Ltd. has a strong financial foundation with robust revenue and profit growth, supported by a healthy balance sheet. However, the stock is currently facing bearish technical indicators, and its high P/E ratio suggests potential overvaluation. The negative free cash flow due to high capital expenditures also poses a risk to liquidity.
Positive Factors
Revenue Growth
Sustained ~20.8% revenue growth reflects durable demand and expanding dispatches in core markets. Over 2-6 months this trend supports higher plant utilization and scale benefits, improving unit economics and strengthening the company’s ability to fund operations and strategic investments.
Negative Factors
Negative Free Cash Flow
Persistent negative free cash flow driven by elevated capex can pressure liquidity and require external financing or lower cash returns to shareholders. Even with positive operating cash flow, sustained investment intensity could constrain discretionary spending and flexibility over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained ~20.8% revenue growth reflects durable demand and expanding dispatches in core markets. Over 2-6 months this trend supports higher plant utilization and scale benefits, improving unit economics and strengthening the company’s ability to fund operations and strategic investments.
Read all positive factors
Star Cement Ltd. (STARCEMENT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹83.81B
Dividend Yield0.45%
Average Volume (3M)16.25K
Price to Earnings (P/E)30.4
Beta (1Y)0.70
Revenue Growth18.13%
EPS Growth52.87%
CountryIN
Employees855
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)2.00
Shares Outstanding404,180,420
10 Day Avg. Volume17,163
30 Day Avg. Volume16,251
Financial Highlights & Ratios
PEG Ratio-1.21
Price to Book (P/B)3.03
Price to Sales (P/S)2.75
P/FCF Ratio-30.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹310.00Price Target Upside39.45% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)11.13
Revenue Forecast (FY)₹41.56B
Star Cement Ltd. Business Overview & Revenue Model
Company Description
Star Cement Limited manufactures and sells cement and clinker products in north eastern and eastern states of India. It operates through Cement and Power segments. The company offers ordinary Portland, Portland pozzolana, Portland slag, and antiru...
How the Company Makes Money
Star Cement makes money primarily by manufacturing and selling cement to the construction ecosystem (e.g., individual home builders, contractors, and infrastructure/project customers). Its core revenue stream is the sale of cement (typically sold ...
Star Cement Ltd. Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
80
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 34.94B | 31.63B | 28.88B | 25.76B | 22.19B | 17.19B |
| Gross Profit | 22.97B | 21.15B | 18.54B | 16.61B | 12.23B | 9.66B |
| EBITDA | 7.98B | 5.89B | 5.84B | 5.22B | 3.81B | 2.99B |
| Net Income | 3.03B | 1.69B | 2.95B | 2.48B | 2.47B | 1.87B |
Balance Sheet | ||||||
| Total Assets | 43.72B | 41.07B | 36.02B | 31.31B | 27.45B | 25.62B |
| Cash, Cash Equivalents and Short-Term Investments | 1.56B | 2.27B | 945.46M | 3.10B | 3.83B | 4.70B |
| Total Debt | 6.43B | 4.03B | 1.47B | 353.50M | 156.52M | 183.71M |
| Total Liabilities | 13.65B | 12.28B | 8.92B | 7.15B | 5.77B | 4.88B |
| Stockholders Equity | 30.08B | 28.79B | 27.10B | 24.16B | 21.68B | 20.74B |
Cash Flow | ||||||
| Free Cash Flow | -432.57M | -2.85B | -5.47B | -1.97B | 2.18B | 2.43B |
| Operating Cash Flow | 1.69B | 2.96B | 4.90B | 3.75B | 4.17B | 3.50B |
| Investing Cash Flow | -2.75B | -5.29B | -6.50B | -2.72B | -2.89B | -3.33B |
| Financing Cash Flow | 1.71B | 2.24B | 864.80M | 100.03M | -1.76B | -33.47M |
Star Cement Ltd. Technical Analysis
Negative
222.30
Price Trends
212.24
Negative
218.68
Negative
234.79
Negative
Market Momentum
-1.40
Negative
47.08
Neutral
32.31
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 206.31, above the 50-day MA of 212.24, and below the 200-day MA of 234.79, indicating a neutral trend. The MACD of -1.40 indicates Negative momentum. The RSI at 47.08 is Neutral, neither overbought nor oversold. The STOCH value of 32.31 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹88.93B | 25.50 | ― | 0.18% | 196.22% | 71.39% | |
65 Neutral | ₹59.80B | 23.54 | ― | 0.47% | 5.61% | 33.63% | |
64 Neutral | ₹114.89B | 35.11 | ― | 0.15% | 24.25% | 96.45% | |
62 Neutral | ₹106.17B | 14.55 | ― | 0.33% | 3.93% | 41.77% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | ₹83.81B | 30.41 | ― | 0.45% | 18.13% | 52.87% | |
54 Neutral | ₹124.71B | 46.09 | ― | 1.93% | -7.12% | -48.28% |
* Basic Materials Sector Average
IN:STARCEMENT
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Star Cement Ltd. Corporate Events
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.