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Star Cement Ltd.

Construction MaterialsCement & Construction Materials

www.starcement.co.in BSE: 540575NSE: STARCEMENT

₹187.60BSE0.43%

16 Sep, 4:01 PM

₹187.60

₹7.57K Cr

20.48

2.32

12.86%

₹187.60

₹183.70

₹279.50

₹180.15

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Price Performance

Peer Comparison

Name
ULTRATECH CM ULTRACEMCO	10,720.00	36.99	3,15,896.07	2.24	2,603.72	17.24%	24,648.20	15.85%	13.25
AMBUJA CEME AMBUJACEM	382.00	21.69	94,920.02	0.52	660.00	-36.60%	9,500.00	-7.67%	6.24
SHREE CEMENT SHREECEM	21,683.05	47.99	78,234.07	0.69	531.12	-17.48%	6,233.13	18.03%	10.61
JK CEMENT JKCEMENT	4,795.95	38.67	37,057.47	0.42	274.62	-15.31%	4,031.72	20.26%	14.89
DALBHARAT DALBHARAT	1,695.15	34.01	31,795.24	0.53	192.00	-51.39%	3,890.00	6.99%	8.15
ACC LTD ACC	1,222.95	12.05	22,965.44	0.61	147.00	-60.80%	5,808.00	-8.22%	11.60
RAMCOCEM RAMCOCEM	863.85	31.51	20,412.12	0.29	31.24	-63.06%	2,273.05	9.60%	10.75
Star Cement Ltd. STARCEMENT	187.60	20.48	7,570.30	1.07	73.91	-24.71%	942.89	3.39%	16.42

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	913.53	751.01	641.55	718.76	1,052.09	911.99	810.94	880.00	1,173.55	942.89
Expenses	733.81	634.88	545.97	614.53	789.37	683.78	620.78	677.51	858.48	748.40
	179.72	116.13	95.57	104.22	262.72	228.22	190.16	202.50	315.08	194.49
	19.67%	15.46%	14.90%	14.50%	24.97%	25.02%	23.45%	23.01%	26.85%	20.63%
	7.83	1.38	1.63	2.52	5.03	1.79	3.48	-0.64	3.32	8.21
Interest	4.15	5.90	7.11	9.80	8.81	10.16	11.06	12.15	12.93	13.76
	42.26	72.55	82.53	89.34	87.50	85.19	90.22	91.18	98.69	91.42
	141.14	39.07	7.56	7.61	171.44	134.66	92.35	98.52	206.77	97.52
	37.89%	20.68%	25.05%	-18.89%	28.18%	27.10%	23.05%	24.69%	28.89%	24.21%
	87.67	31.04	5.74	9.06	123.17	98.46	71.95	74.92	148.10	74.72
	2.17	0.77	0.14	0.22	3.05	2.44	1.78	1.85	3.66	1.85

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
	2,423.20	2,960.47	3,224.48	3,527.79	4,212.37
	2,221.82	2,704.85	2,910.67	3,163.39	3,776.49
EXPENDITURE :
Increase/Decrease in Stock	28.54	-17.86	16.61	-47.07	-0.20
Raw Material Consumed	542.51	346.66	446.54	558.43	485.51
Power & Fuel Cost	416.90	540.65	555.10	542.43	557.91
Employee Cost	159.35	196.93	214.79	247.46	277.23
Other Manufacturing Expenses	140.29	201.74	201.79	233.82	232.93
General and Administration Expenses	39.29	54.18	46.01	43.33	52.34
Selling and Distribution Expenses	492.23	854.66	813.07	921.51	1,138.43
Miscellaneous Expenses	57.46	59.50	60.43	84.85	96.40
	1,876.57	2,236.45	2,354.35	2,584.75	2,840.54
Operating Profit (Excl OI)	345.25	468.39	556.31	578.64	935.95
	33.37	52.08	26.47	10.57	19.26
	378.62	520.47	582.78	589.21	955.21
Interest	13.34	9.70	12.60	31.62	46.30
PBDT	365.28	510.78	570.18	557.58	908.91
	121.63	131.11	146.60	331.91	365.29
Profit Before Taxation & Exceptional Items	243.65	379.67	423.58	225.67	543.62
Exceptional Income / Expenses					-11.32
	243.65	379.67	423.58	225.67	532.30
Provision for Tax	-3.12	132.06	128.47	56.85	141.85
	246.77	247.60	295.11	168.82	390.46
Extra items				0.00	0.00
Minority Interest				0.18	2.97
Consolidated Net Profit	246.77	247.60	295.11	169.00	393.42
Profit Balance B/F	1,963.80	2,058.04	2,305.96	2,599.68	2,768.75
Appropriations	2,210.57	2,305.64	2,601.07	2,768.69	3,162.18
Equity Dividend %					200.00%
	6.11	6.13	7.30	4.18	9.73
Adjusted EPS	6.11	6.13	7.30	4.18	9.73

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	40.42	40.42	40.42	40.42	40.42
Total Reserves	2,128.02	2,375.96	2,669.70	2,838.78	3,150.78
Reserve excluding Revaluation Reserve	2,128.02	2,375.96	2,669.70	2,838.78	3,150.78
	2,168.43	2,416.38	2,710.12	2,879.19	3,191.20
Minority Interest				-0.25	-3.12
Secured Loans			72.10	292.73	493.19
Deferred Tax Assets / Liabilities	-353.92	-289.04	-240.08	-243.09	-203.47
Other Long Term Liabilities	172.51	12.29	26.98	20.45	21.54
Long Term Provisions	92.55	7.73	13.18	18.56	24.48
Total Non-Current Liabilities	-88.85	-269.02	-127.82	88.66	335.74
Trade Payables	212.45	277.46	218.66	232.54	257.21
Other Current Liabilities	177.95	388.38	497.33	583.13	633.95
Short Term Borrowings	5.19	26.10	57.73	76.06	24.30
Short Term Provisions	30.88	3.07	6.28	4.43	4.11
Total Current Liabilities	426.48	695.01	779.99	896.16	919.57
Total Liabilities	2,506.06	2,842.36	3,362.29	3,863.76	4,443.39
Gross Block	1,607.25	1,705.13	2,367.23	3,695.75	4,230.63
Less: Accumulated Depreciation	683.77	814.19	951.30	1,275.21	1,618.85
Net Block	923.47	890.94	1,415.93	2,420.54	2,611.78
Capital Work in Progress	104.55	550.62	1,019.05	219.89	94.80
Non Current Investments	167.27	172.55	1.99	2.02	258.36
Long Term Investment	167.27	172.55	1.99	2.02	258.36
Long Term Loans & Advances	196.33	183.64	156.31	184.02	273.67
Other Non Current Assets	118.32	47.18	0.77	2.63	3.31
Total Non-Current Assets	1,514.45	1,844.93	2,596.59	2,829.10	3,241.91
Inventories	195.30	374.11	334.96	446.35	465.61
Sundry Debtors	128.75	104.69	150.78	199.54	241.65
Cash and Bank	384.67	311.74	97.34	52.43	124.67
Other Current Assets	141.82	47.92	18.13	181.78	195.74
Short Term Loans and Advances	141.08	158.96	164.49	154.56	173.82
Total Current Assets	991.61	997.43	765.70	1,034.66	1,201.48
Net Current Assets (Including Current Investments)	565.14	302.42	-14.30	138.50	281.91
Total Assets	2,506.06	2,842.36	3,362.29	3,863.76	4,443.39
Contingent Liabilities	505.29	436.06	437.32	425.91	430.73
Total Debt	5.38	26.10	129.83	390.09	586.19
	53.65	59.78	67.05	71.24	78.96
Adjusted Book Value	53.65	59.78	67.05	71.24	78.96

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	243.65	379.67	423.58	225.67	543.62
Adjustment	101.94	93.92	138.33	362.32	405.52
Changes In working Capital	106.48	-47.44	4.08	-222.57	-75.25
Cash Flow after changes in Working Capital	452.07	426.15	565.98	365.42	873.89
Cash Flow from Operating Activities	417.07	358.44	489.75	296.47	764.86
Cash Flow from Investing Activities	-288.85	-254.89	-650.06	-528.55	-843.32
Cash Flow from Financing Activitie	-175.63	10.00	86.48	224.14	51.76
Net Cash Inflow / Outflow	-47.41	113.55	-73.84	-7.94	-26.71
Opening Cash & Cash Equivalents	55.48	8.08	121.62	47.79	39.85
Closing Cash & Cash Equivalent	8.08	121.62	47.79	39.85	13.14

Ratios

Valuation

20.48

2.32

8.66

1.99

9.15

80.78

Profitability

12.86

16.42

9.40

22.22

9.27

Leverage & Liquidity

0.18

1.31

12.50

Returns

1.07

1.01

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
	66.49	66.47	57.69	57.66	57.66	57.59	57.62	58.12	58.10
	6.63	6.32	6.15	7.18	7.14	7.33	6.94	4.89	4.66
	26.88	27.22	36.17	35.16	35.20	35.08	35.44	36.99	37.24
	33.51	33.53	42.31	42.34	42.34	42.41	42.38	41.88	41.90
No. of Shareholders	65,415	65,627	70,804	65,091	64,011	61,660	61,167	62,720	62,529

Corporate Actions

Showing: All

Date	Type	Details
2026-08-07	AGM
2026-07-31	Board Meeting	Quarterly Results
2026-05-11	Board Meeting	Audited Results

Insider Trading

Date	Person	Category	Transaction Type	Shares
2026-08-20	Tanishi Agarwal	Market	Buy	8,000
2026-06-29	SUMITRA DEVI AGARWAL FAMILY TRUST	Market	Buy	72,436
2026-06-23	MAHABIR PRASAD AGARWAL FAMILY TRUST	Market	Buy	16,381
2026-06-23	SUMITRA DEVI AGARWAL FAMILY TRUST	Market	Buy	6,805

Sector Overview

Construction MaterialsCement & Construction Materials

Star Cement Ltd. operates in the Construction Materials sector under the Cement & Construction Materials industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

16 members across the board and senior leadership

Debabrata Thakurta

Company Secretary & Compliance Officer

—

Sajjan Bhajanka

Chairman & Managing Director

₹1.98 Cr

Mar '26

Prem Kumar Bhajanka

Vice Chairman & Managing Director

₹1.98 Cr

Mar '26

Sanjay Agarwal

Managing Director

₹1.98 Cr

Mar '26

Tushar Bhajanka

Managing Director & Chief Executive Officer

—

Pankaj Kejriwal

Whole Time Director

₹3.05 Cr

Mar '26

Keshav Bhajanka

Non Independent & Non Executive Director

—

Brij Bhushan Agarwal

Non Independent & Non Executive Director

—

Nirmalya Bhattacharyya