NSE: STARCEMENT · BSE: 540575 · ISIN INE460H01021
Star Cement Limited stock analysis
Star Cement Limited ranks #1780 in the TickerSutra evidence-ranked universe with a score of 51/100 and 95% data confidence. The latest captured fundamentals show ROCE of 16.7%, quarterly sales growth of 3.4% and quarterly profit growth of -24.1%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Low debt/equity of 0.19×
- Strong CFO/EBITDA of 0.82×
- CWIP indicates an active capacity pipeline
Risks and constraints
- No calculated threshold risk in the current snapshot.
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹2,222cr | ₹345cr | ₹247cr | 16.0% |
| 2023 | ₹2,705cr | ₹468cr | ₹248cr | 17.0% |
| 2024 | ₹2,911cr | ₹557cr | ₹295cr | 19.0% |
| 2025 | ₹3,163cr | ₹579cr | ₹169cr | 18.0% |
| 2026 | ₹3,776cr | ₹936cr | ₹390cr | 25.0% |
| TTM | ₹3,807cr | ₹902cr | ₹366cr | 24.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Star Cement Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 25, 2026. Further, the company has informed the Exchange regarding voting results.
RoutineStar Cement Ltd - 540575 - Shareholder Meeting / Postal Ballot-Scrutinizer''s ReportBSE · 26 Sept 2026Voting Results along with the Scrutinizer''s Report of the 25th AGM of the Company
RoutineChange in Director(s)NSE · 25 Sept 2026Star Cement Limited has informed the Exchange regarding Change in Director(s) of the company.
RoutineStar Cement Ltd - 540575 - Announcement under Regulation 30 (LODR)-Change in DirectorateBSE · 25 Sept 2026Re-appointment of the Managing Directors & Executive Director of the Company at the 25th AGM held on 25th Sept 2026.
RoutineShareholders meetingNSE · 25 Sept 2026Star Cement Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 25, 2026
MANAGEMENT COMMENTARY
Signals from filed documents
Operational Excellence at Scale Strong execution, disciplined operations and strategic capacity additions enabled Star Cement to deliver another year of robust operational performance. Enhanced manufacturing capabilities, higher sales volumes, continued market leadership and portfolio diversification strengthened the Company’s competitive position while creating a solid platform for sustained long-term growth. MESSAG
The Company’s aggressive marketing strategies and consistent branding efforts have significantly enhanced its visibility and customer trust, strengthening its competitive position. Additionally, its ongoing expansion plans and new project developments are expected to further consolidate its market presence by increasing production capacity and improving supply capabilities. The Company also benefited from strategic l
Annual Report 2025-26 28 29 STAR CEMENT LIMITED CORPORATE OVERVIEW FY 25-26 marked Star Cement’s strongest financial performance to date, with robust volume growth translating into record profitability and stronger cash generation. Revenue crossed C3,776 Crore, EBITDA reached a record C944 Crore, and Profit After Tax more than doubled to C390 Crore, reflecting the benefits of operating leverage, premiumisation and di
On a per-tonne basis, EBITDA rose to C1,717, compared with C1,245 in the previous year. Premium products contributed approximately 14% of trade sales, while higher utilisation of waste heat recovery and other efficiency initiatives supported further margin expansion. Strong operating performance more than offset higher depreciation and finance costs associated with recently commissioned manufacturing assets.
This approach drives sales, increases market share, strengthens brand reputation, encourages repeat business and enables customer- driven innovation, ultimately supporting sustainable growth and a more resilient business model. Positive • Increased profitability through higher sales volumes • Expansion of market penetration for value- added products • Enhanced revenue generation and business growth • Strengthened pro
(c) The ongoing USA–Iran conflict has sharply increased global oil prices due to supply disruptions, especially around key routes like the Strait of Hormuz creating an energy shock across industries. For the cement industry, this poses a major threat as fuel costs and transportation expenses may rise significantly, leading to margin pressure. If the situation persists, it may reduce demand and profitability and may c
FY 25-26 Progress Preparatory work continued for integrated manufacturing cluster in Rajasthan and Haryana, supported by land acquisition, statutory approvals and secured limestone reserves. Markets beyond the North-East delivered strong volume growth during the year, validating the Company’s phased geographic expansion strategy. FY 25-26 Progress Star Cement has strengthened its integrated manufacturing platform thr
Sustainability will remain integral to our growth strategy as we progress towards our FY 27-28 targets of 60% green energy and 2x water positivity. Backed by a strong balance sheet, an expanding product portfolio and a clear strategic roadmap, we are confident of strengthening our market leadership in North-East India while accelerating our transformation into a leading pan-India cement company, creating sustainable
The Company remains focused on preserving financial flexibility, with a stated objective of maintaining its Net Debt-to-EBITDA ratio below 1.5x throughout the expansion cycle. While the Board has approved a Qualified Institutional Placement (QIP) as an enabling option to support future growth, any decision regarding its implementation will be guided by funding requirements and leverage levels, ensuring that capital i
This approach supports circular economy principles, reduces waste, ensures regulatory compliance and strengthens customer relationships while addressing the need for low-carbon building materials. Not applicable Positive • Revenue growth through attraction of eco-conscious customers • Reduction in raw material costs through use of alternative and recycled materials • Lower regulatory and compliance-related costs • Im
Portfolio Diversification Expanded into Smart Building Solutions through the launch of Star Smart Building Solutions and Star Ready Mix Concrete, offering AAC blocks, RMC and allied building materials through the existing dealer network. Growth Pipeline Advanced expansion projects in Rajasthan and Haryana, with land acquisition and regulatory approvals progressing to support the next phase of pan-India growth. It is
A well-managed supply chain ensures timely procurement, reducing production delays and ensuring product availability. Additionally, sustainable supply chain practices meet rising environmental and regulatory expectations, creating opportunities to access new markets and eco-conscious customers. Positive • Improved operational efficiency through sustainable supply chain practices • Reduction in input costs through eff
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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