Star Cement Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: June 29, 2025, 8:08 pm

Market Cap	8,647 Cr.
Current Price	214
High / Low	248/172
Stock P/E	51.2
Book Value	71.2
Dividend Yield	0.00 %
ROCE	8.38 %
ROE	6.04 %
Face Value	1.00
PEG Ratio	-31.24

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Star Cement Ltd

Competitors of Star Cement Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Bheema Cements Ltd	52.7 Cr.	16.2	35.3/16.2		3.95	0.00 %	13.1 %	108 %	10.0
UltraTech Cement Ltd	3,45,741 Cr.	11,733	12,341/10,048	56.5	2,399	0.60 %	10.9 %	9.34 %	10.0
The Ramco Cements Ltd	24,598 Cr.	1,043	1,082/765	218	317	0.24 %	4.82 %	1.54 %	1.00
The India Cements Ltd	10,371 Cr.	334	386/230		329	0.00 %	4.22 %	7.15 %	10.0
Star Cement Ltd	8,647 Cr.	214	248/172	51.2	71.2	0.00 %	8.38 %	6.04 %	1.00
Industry Average	37,650.00 Cr	2,115.24		57.04	557.07	0.62%	8.32%	85.82%	7.13

All Competitor Stocks of Star Cement Ltd

Quarterly Result

Metric	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Sales	749	665	594	617	829	760	585	651	914	751	642	719	1,052
Expenses	636	541	525	509	663	631	487	503	734	635	546	615	789
Operating Profit	113	124	70	108	166	129	99	149	180	116	96	104	263
OPM %	15%	19%	12%	18%	20%	17%	17%	23%	20%	15%	15%	14%	25%
Other Income	9	14	14	12	13	9	6	4	8	1	2	3	5
Interest	2	3	3	3	1	2	3	3	4	6	7	10	9
Depreciation	35	30	32	34	35	32	36	37	42	73	83	89	88
Profit before tax	85	105	49	83	143	104	65	113	141	39	8	8	171
Tax %	-4%	36%	37%	36%	33%	10%	38%	35%	38%	21%	25%	-19%	28%
Net Profit	88	68	31	53	96	93	41	74	88	31	6	9	123
EPS in Rs	2.19	1.67	0.77	1.31	2.38	2.31	1.01	1.82	2.17	0.77	0.14	0.22	3.05

Last Updated: May 31, 2025, 7:41 am

Below is a detailed analysis of the quarterly data for Star Cement Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Sales, as of Mar 2025, the value is 1,052.00 Cr.. The value appears strong and on an upward trend. It has increased from 719.00 Cr. (Dec 2024) to 1,052.00 Cr., marking an increase of 333.00 Cr..
For Expenses, as of Mar 2025, the value is 789.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 615.00 Cr. (Dec 2024) to 789.00 Cr., marking an increase of 174.00 Cr..
For Operating Profit, as of Mar 2025, the value is 263.00 Cr.. The value appears strong and on an upward trend. It has increased from 104.00 Cr. (Dec 2024) to 263.00 Cr., marking an increase of 159.00 Cr..
For OPM %, as of Mar 2025, the value is 25.00%. The value appears strong and on an upward trend. It has increased from 14.00% (Dec 2024) to 25.00%, marking an increase of 11.00%.
For Other Income, as of Mar 2025, the value is 5.00 Cr.. The value appears strong and on an upward trend. It has increased from 3.00 Cr. (Dec 2024) to 5.00 Cr., marking an increase of 2.00 Cr..
For Interest, as of Mar 2025, the value is 9.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 10.00 Cr. (Dec 2024) to 9.00 Cr., marking a decrease of 1.00 Cr..
For Depreciation, as of Mar 2025, the value is 88.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 89.00 Cr. (Dec 2024) to 88.00 Cr., marking a decrease of 1.00 Cr..
For Profit before tax, as of Mar 2025, the value is 171.00 Cr.. The value appears strong and on an upward trend. It has increased from 8.00 Cr. (Dec 2024) to 171.00 Cr., marking an increase of 163.00 Cr..
For Tax %, as of Mar 2025, the value is 28.00%. The value appears to be increasing, which may not be favorable. It has increased from -19.00% (Dec 2024) to 28.00%, marking an increase of 47.00%.
For Net Profit, as of Mar 2025, the value is 123.00 Cr.. The value appears strong and on an upward trend. It has increased from 9.00 Cr. (Dec 2024) to 123.00 Cr., marking an increase of 114.00 Cr..
For EPS in Rs, as of Mar 2025, the value is 3.05. The value appears strong and on an upward trend. It has increased from 0.22 (Dec 2024) to 3.05, marking an increase of 2.83.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: June 16, 2025, 3:58 pm

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	1,028	1,430	1,715	1,528	1,615	1,831	1,843	1,720	2,222	2,705	2,911	3,163
Expenses	795	994	1,316	1,119	1,093	1,382	1,449	1,387	1,877	2,236	2,353	2,585
Operating Profit	233	436	399	408	521	449	394	333	345	468	557	579
OPM %	23%	31%	23%	27%	32%	25%	21%	19%	16%	17%	19%	18%
Other Income	3	1	1	2	4	5	29	-36	33	52	25	11
Interest	83	87	83	78	52	14	9	7	13	10	13	32
Depreciation	157	224	171	118	121	106	93	90	122	131	147	332
Profit before tax	-5	126	145	215	353	335	322	199	244	380	424	226
Tax %	-28%	4%	4%	6%	5%	9%	11%	6%	-1%	35%	30%	25%
Net Profit	-3	121	139	195	336	305	287	187	247	248	295	169
EPS in Rs	-1.00	28.30	3.20	4.64	7.89	7.13	6.92	4.54	6.11	6.13	7.30	4.18
Dividend Payout %	-250%	28%	-0%	-0%	13%	-0%	14%	-0%	-0%	-0%	-0%	-0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	4133.33%	14.88%	40.29%	72.31%	-9.23%	-5.90%	-34.84%	32.09%	0.40%	18.95%	-42.71%
Change in YoY Net Profit Growth (%)	0.00%	-4118.46%	25.41%	32.02%	-81.53%	3.32%	-28.94%	66.93%	-31.68%	18.55%	-61.66%

Star Cement Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	8%
5 Years:	11%
3 Years:	13%
TTM:	9%

Compounded Profit Growth
10 Years:	4%
5 Years:	-10%
3 Years:	-12%
TTM:	-43%

Stock Price CAGR
10 Years:	%
5 Years:	20%
3 Years:	36%
1 Year:	1%

Return on Equity
10 Years:	13%
5 Years:	10%
3 Years:	9%
Last Year:	6%

Last Updated: Unknown

Balance Sheet

Last Updated: June 16, 2025, 11:18 am

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	42	42	42	42	42	42	41	41	40	40	40	40
Reserves	801	879	1,013	1,104	1,434	1,682	1,816	2,033	2,128	2,376	2,670	2,839
Borrowings	964	880	940	801	432	74	13	18	16	35	147	403
Other Liabilities	309	388	471	534	597	499	488	470	561	680	745	825
Total Liabilities	2,116	2,190	2,466	2,480	2,506	2,297	2,358	2,562	2,745	3,131	3,602	4,107
Fixed Assets	1,143	1,028	919	863	785	722	696	823	923	891	1,416	2,421
CWIP	99	41	49	55	36	74	238	127	109	551	1,022	220
Investments	2	2	2	1	1	2	2	2	167	173	2	2
Other Assets	873	1,119	1,496	1,561	1,684	1,498	1,423	1,611	1,545	1,517	1,163	1,464
Total Assets	2,116	2,190	2,466	2,480	2,506	2,297	2,358	2,562	2,745	3,131	3,602	4,107

Below is a detailed analysis of the balance sheet data for Star Cement Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Equity Capital, as of Mar 2025, the value is 40.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 40.00 Cr..
For Reserves, as of Mar 2025, the value is 2,839.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,670.00 Cr. (Mar 2024) to 2,839.00 Cr., marking an increase of 169.00 Cr..
For Borrowings, as of Mar 2025, the value is 403.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 147.00 Cr. (Mar 2024) to 403.00 Cr., marking an increase of 256.00 Cr..
For Other Liabilities, as of Mar 2025, the value is 825.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 745.00 Cr. (Mar 2024) to 825.00 Cr., marking an increase of 80.00 Cr..
For Total Liabilities, as of Mar 2025, the value is 4,107.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3,602.00 Cr. (Mar 2024) to 4,107.00 Cr., marking an increase of 505.00 Cr..
For Fixed Assets, as of Mar 2025, the value is 2,421.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,416.00 Cr. (Mar 2024) to 2,421.00 Cr., marking an increase of 1,005.00 Cr..
For CWIP, as of Mar 2025, the value is 220.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,022.00 Cr. (Mar 2024) to 220.00 Cr., marking a decrease of 802.00 Cr..
For Investments, as of Mar 2025, the value is 2.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 2.00 Cr..
For Other Assets, as of Mar 2025, the value is 1,464.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,163.00 Cr. (Mar 2024) to 1,464.00 Cr., marking an increase of 301.00 Cr..
For Total Assets, as of Mar 2025, the value is 4,107.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,602.00 Cr. (Mar 2024) to 4,107.00 Cr., marking an increase of 505.00 Cr..

Notably, the Reserves (2,839.00 Cr.) exceed the Borrowings (403.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Month		Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Cash from Operating Activity +	233	262	97	300	421	616	483	350	417	358	490	296
Cash from Investing Activity +	-114	-41	-79	-89	-25	-193	-136	-333	-289	-255	-650	-529
Cash from Financing Activity +	-132	-210	-14	-218	-393	-348	-201	-3	-176	10	86	224
Net Cash Flow	-14	11	4	-7	2	76	146	14	-47	114	-74	-8

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-731.00	-444.00	-541.00	-393.00	89.00	375.00	381.00	315.00	329.00	433.00	410.00	176.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	63	44	79	96	33	33	29	24	28	21	14	19
Inventory Days	590	378	174	221	173	356	232	233	212	124	400	255
Days Payable	158	176	122	148	101	228	105	87	89	135	297	167
Cash Conversion Cycle	495	247	130	168	105	161	156	171	151	10	117	107
Working Capital Days	196	57	68	112	208	192	119	96	91	31	3	-6
ROCE %		4%	12%	12%	14%	20%	18%	17%	13%	12%	17%	16%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	67.33%	67.37%	67.42%	67.03%	67.12%	66.76%	66.55%	66.48%	66.59%	66.49%	66.47%	57.69%
FIIs	0.20%	0.28%	0.40%	0.53%	0.63%	0.69%	0.77%	1.05%	1.52%	1.61%	1.36%	1.20%
DIIs	6.15%	6.14%	6.15%	6.15%	6.15%	6.23%	6.08%	6.02%	6.11%	5.03%	4.96%	4.95%
Public	26.32%	26.21%	26.03%	26.29%	26.10%	26.33%	26.59%	26.43%	25.77%	26.89%	27.20%	36.17%
No. of Shareholders	53,969	52,539	50,304	45,054	42,373	43,866	52,001	54,130	56,636	65,415	65,627	70,804

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
SBI Flexi Cap Fund	9,835,227	0.91	206.66	9,835,227	2025-04-22 17:25:20	0%
Motilal Oswal Nifty Microcap 250 Index Fund	152,660	0.24	3.21	152,660	2025-04-22 08:57:49	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	4.18	7.30	6.13	6.04	4.54
Diluted EPS (Rs.)	4.18	7.30	6.13	6.04	4.54
Cash EPS (Rs.)	12.39	10.93	9.37	9.11	6.72
Book Value[Excl.RevalReserv]/Share (Rs.)	71.24	67.05	59.78	53.65	50.29
Book Value[Incl.RevalReserv]/Share (Rs.)	71.24	67.05	59.78	53.65	50.29
Revenue From Operations / Share (Rs.)	78.27	72.01	66.92	54.97	41.70
PBDIT / Share (Rs.)	14.58	14.42	12.88	9.37	8.75
PBIT / Share (Rs.)	6.37	10.79	9.63	6.36	6.57
PBT / Share (Rs.)	5.58	10.48	9.39	6.03	4.83
Net Profit / Share (Rs.)	4.18	7.30	6.13	6.11	4.54
NP After MI And SOA / Share (Rs.)	4.18	7.30	6.13	6.11	4.54
PBDIT Margin (%)	18.62	20.02	19.24	17.04	20.97
PBIT Margin (%)	8.13	14.98	14.39	11.56	15.74
PBT Margin (%)	7.13	14.55	14.03	10.96	11.58
Net Profit Margin (%)	5.33	10.13	9.15	11.10	10.88
NP After MI And SOA Margin (%)	5.34	10.13	9.15	11.10	10.88
Return on Networth / Equity (%)	5.86	10.88	10.24	11.38	9.02
Return on Capital Employeed (%)	8.01	15.46	14.95	10.97	12.19
Return On Assets (%)	4.11	8.19	7.90	8.98	7.30
Long Term Debt / Equity (X)	0.10	0.02	0.00	0.00	0.00
Total Debt / Equity (X)	0.13	0.04	0.01	0.00	0.01
Asset Turnover Ratio (%)	0.82	0.86	0.92	0.97	0.78
Current Ratio (X)	1.15	0.98	1.89	2.81	3.59
Quick Ratio (X)	0.65	0.55	1.18	2.32	2.90
Inventory Turnover Ratio (X)	1.45	1.31	2.26	5.77	3.85
Interest Coverage Ratio (X)	18.63	46.25	53.68	28.38	51.63
Interest Coverage Ratio (Post Tax) (X)	6.34	24.42	26.54	19.50	37.02
Enterprise Value (Cr.)	9027.28	9177.06	4233.09	3242.16	3527.03
EV / Net Operating Revenue (X)	2.85	3.15	1.56	1.46	2.05
EV / EBITDA (X)	15.32	15.75	8.13	8.56	9.78
MarketCap / Net Operating Revenue (X)	2.75	3.14	1.67	1.63	2.33
Price / BV (X)	3.02	3.37	1.87	1.67	1.93
Price / Net Operating Revenue (X)	2.75	3.14	1.67	1.63	2.33
EarningsYield	0.01	0.03	0.05	0.06	0.04

After reviewing the key financial ratios for Star Cement Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 25, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 1.00.
For Basic EPS (Rs.), as of Mar 25, the value is 4.18. This value is below the healthy minimum of 5. It has decreased from 7.30 (Mar 24) to 4.18, marking a decrease of 3.12.
For Diluted EPS (Rs.), as of Mar 25, the value is 4.18. This value is below the healthy minimum of 5. It has decreased from 7.30 (Mar 24) to 4.18, marking a decrease of 3.12.
For Cash EPS (Rs.), as of Mar 25, the value is 12.39. This value is within the healthy range. It has increased from 10.93 (Mar 24) to 12.39, marking an increase of 1.46.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 71.24. It has increased from 67.05 (Mar 24) to 71.24, marking an increase of 4.19.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 71.24. It has increased from 67.05 (Mar 24) to 71.24, marking an increase of 4.19.
For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 78.27. It has increased from 72.01 (Mar 24) to 78.27, marking an increase of 6.26.
For PBDIT / Share (Rs.), as of Mar 25, the value is 14.58. This value is within the healthy range. It has increased from 14.42 (Mar 24) to 14.58, marking an increase of 0.16.
For PBIT / Share (Rs.), as of Mar 25, the value is 6.37. This value is within the healthy range. It has decreased from 10.79 (Mar 24) to 6.37, marking a decrease of 4.42.
For PBT / Share (Rs.), as of Mar 25, the value is 5.58. This value is within the healthy range. It has decreased from 10.48 (Mar 24) to 5.58, marking a decrease of 4.90.
For Net Profit / Share (Rs.), as of Mar 25, the value is 4.18. This value is within the healthy range. It has decreased from 7.30 (Mar 24) to 4.18, marking a decrease of 3.12.
For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 4.18. This value is within the healthy range. It has decreased from 7.30 (Mar 24) to 4.18, marking a decrease of 3.12.
For PBDIT Margin (%), as of Mar 25, the value is 18.62. This value is within the healthy range. It has decreased from 20.02 (Mar 24) to 18.62, marking a decrease of 1.40.
For PBIT Margin (%), as of Mar 25, the value is 8.13. This value is below the healthy minimum of 10. It has decreased from 14.98 (Mar 24) to 8.13, marking a decrease of 6.85.
For PBT Margin (%), as of Mar 25, the value is 7.13. This value is below the healthy minimum of 10. It has decreased from 14.55 (Mar 24) to 7.13, marking a decrease of 7.42.
For Net Profit Margin (%), as of Mar 25, the value is 5.33. This value is within the healthy range. It has decreased from 10.13 (Mar 24) to 5.33, marking a decrease of 4.80.
For NP After MI And SOA Margin (%), as of Mar 25, the value is 5.34. This value is below the healthy minimum of 8. It has decreased from 10.13 (Mar 24) to 5.34, marking a decrease of 4.79.
For Return on Networth / Equity (%), as of Mar 25, the value is 5.86. This value is below the healthy minimum of 15. It has decreased from 10.88 (Mar 24) to 5.86, marking a decrease of 5.02.
For Return on Capital Employeed (%), as of Mar 25, the value is 8.01. This value is below the healthy minimum of 10. It has decreased from 15.46 (Mar 24) to 8.01, marking a decrease of 7.45.
For Return On Assets (%), as of Mar 25, the value is 4.11. This value is below the healthy minimum of 5. It has decreased from 8.19 (Mar 24) to 4.11, marking a decrease of 4.08.
For Long Term Debt / Equity (X), as of Mar 25, the value is 0.10. This value is below the healthy minimum of 0.2. It has increased from 0.02 (Mar 24) to 0.10, marking an increase of 0.08.
For Total Debt / Equity (X), as of Mar 25, the value is 0.13. This value is within the healthy range. It has increased from 0.04 (Mar 24) to 0.13, marking an increase of 0.09.
For Asset Turnover Ratio (%), as of Mar 25, the value is 0.82. It has decreased from 0.86 (Mar 24) to 0.82, marking a decrease of 0.04.
For Current Ratio (X), as of Mar 25, the value is 1.15. This value is below the healthy minimum of 1.5. It has increased from 0.98 (Mar 24) to 1.15, marking an increase of 0.17.
For Quick Ratio (X), as of Mar 25, the value is 0.65. This value is below the healthy minimum of 1. It has increased from 0.55 (Mar 24) to 0.65, marking an increase of 0.10.
For Inventory Turnover Ratio (X), as of Mar 25, the value is 1.45. This value is below the healthy minimum of 4. It has increased from 1.31 (Mar 24) to 1.45, marking an increase of 0.14.
For Interest Coverage Ratio (X), as of Mar 25, the value is 18.63. This value is within the healthy range. It has decreased from 46.25 (Mar 24) to 18.63, marking a decrease of 27.62.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 6.34. This value is within the healthy range. It has decreased from 24.42 (Mar 24) to 6.34, marking a decrease of 18.08.
For Enterprise Value (Cr.), as of Mar 25, the value is 9,027.28. It has decreased from 9,177.06 (Mar 24) to 9,027.28, marking a decrease of 149.78.
For EV / Net Operating Revenue (X), as of Mar 25, the value is 2.85. This value is within the healthy range. It has decreased from 3.15 (Mar 24) to 2.85, marking a decrease of 0.30.
For EV / EBITDA (X), as of Mar 25, the value is 15.32. This value exceeds the healthy maximum of 15. It has decreased from 15.75 (Mar 24) to 15.32, marking a decrease of 0.43.
For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 2.75. This value is within the healthy range. It has decreased from 3.14 (Mar 24) to 2.75, marking a decrease of 0.39.
For Price / BV (X), as of Mar 25, the value is 3.02. This value exceeds the healthy maximum of 3. It has decreased from 3.37 (Mar 24) to 3.02, marking a decrease of 0.35.
For Price / Net Operating Revenue (X), as of Mar 25, the value is 2.75. This value is within the healthy range. It has decreased from 3.14 (Mar 24) to 2.75, marking a decrease of 0.39.
For EarningsYield, as of Mar 25, the value is 0.01. This value is below the healthy minimum of 5. It has decreased from 0.03 (Mar 24) to 0.01, marking a decrease of 0.02.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Star Cement Ltd as of June 30, 2025 is: 179.67

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of June 30, 2025, Star Cement Ltd is Overvalued by 16.04% compared to the current share price 214.00

Intrinsic Value of Star Cement Ltd as of June 30, 2025 is: 176.73

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of June 30, 2025, Star Cement Ltd is Overvalued by 17.42% compared to the current share price 214.00

Last 5 Year EPS CAGR: -1.64%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (1,731.25 cr) compared to borrowings (393.58 cr), indicating strong financial stability. The company has shown consistent growth in sales (1.42 cr) and profit (247.00 cr) over the years.	The stock has a low average ROCE of 12.92%, which may not be favorable. The stock has a high average Working Capital Days of 97.25, which may not be favorable. The stock has a high average Cash Conversion Cycle of 168.17, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Star Cement Ltd:
1. Net Profit Margin: 5.33%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 8.01% (Industry Average ROCE: 8.32%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 5.86% (Industry Average ROE: 80.1%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 6.34
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.65
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 51.2 (Industry average Stock P/E: 36.13)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.13
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Star Cement Ltd. is a Public Limited Listed company incorporated on 02/11/2001 and has its registered office in the State of Meghalaya, India. Company's Corporate Identification Number(CIN) is L26942ML2001PLC006663 and registration number is 006663. Currently Company is involved in the business activities of Manufacture of clinkers and cement. Company's Total Operating Revenue is Rs. 1992.19 Cr. and Equity Capital is Rs. 40.42 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Cement	Village Lumshnong, PO : Khaliehriat, Jaintia Hills Dist. Meghalaya 793210	investors@starcement.co.in http://www.starcement.co.in

Management
Name	Position Held
Mr. Rajendra Chamaria	Vice Chairman & Mng.Director
Mr. Sanjay Agarwal	Managing Director
Mr. Prem Kumar Bhajanka	Managing Director
Mr. Tushar Bhajanka	Deputy Managing Director
Mr. Brij Bhushan Agarwal	Director
Mr. Amit Kiran Deb	Independent Director
Mr. Deepak Singhal	Independent Director
Mr. Nirmalya Bhattacharyya	Independent Director
Ms. Ibaridor Katherine War	Independent Director
Mrs. Plistina Dkhar	Independent Director
Mr. Vivek Chawla	Independent Director
Mr. Jagdish Chandra Toshniwal	Independent Director
Mr. Ramit Budhraja	Independent Director
Mr. Keshav Bhajanka	Director
Mr. Pankaj Kejriwal	Executive Director

FAQ

What is the intrinsic value of Star Cement Ltd?

Star Cement Ltd's intrinsic value (as of 30 June 2025) is 179.67 — 16.04% lower the current market price of 214.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 8,647 Cr. market cap, FY2025-2026 high/low of 248/172, reserves of 2,839 Cr, and liabilities of 4,107 Cr.

What is the Market Cap of Star Cement Ltd?

The Market Cap of Star Cement Ltd is 8,647 Cr..

What is the current Stock Price of Star Cement Ltd as on 30 June 2025?

The current stock price of Star Cement Ltd as on 30 June 2025 is 214.

What is the High / Low of Star Cement Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Star Cement Ltd stocks is ₹248/172.

What is the Stock P/E of Star Cement Ltd?

The Stock P/E of Star Cement Ltd is 51.2.

What is the Book Value of Star Cement Ltd?

The Book Value of Star Cement Ltd is 71.2.

What is the Dividend Yield of Star Cement Ltd?

The Dividend Yield of Star Cement Ltd is 0.00 %.

What is the ROCE of Star Cement Ltd?

The ROCE of Star Cement Ltd is 8.38 %.

What is the ROE of Star Cement Ltd?

The ROE of Star Cement Ltd is 6.04 %.

What is the Face Value of Star Cement Ltd?

The Face Value of Star Cement Ltd is 1.00.