Is Star Cement a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Star Cement Ltd is a good quality company .

Is Star Cement undervalued or overvalued?

The key valuation ratios of Star Cement Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Star Cement share price return in the past 10 years?

Data is not available for this company

Is Star Cement a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Star Cement Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Star Cement Ltd - Stock Valuation and Financial Performance

Name: Star Cement
Brand: Star Cement

BSE: 540575 | NSE: STARCEMENT | Cement & Construction Materials | Small Cap

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Star Cement Share Price

₹173.25 -5.95 -3.32%
as on 21-Nov'24 16:59

10 Year X-Ray of Star Cement:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	11.8%	12%	14.9%	21%	18.8%	18%	10.4%	12.1%	16.9%	16.5%	-
Value Creation Index ⓘ	-0.1	-0.1	0.1	0.6	0.4	0.3	-0.3	-0.1	0.2	0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,430	1,715	1,528	1,615	1,831	1,843	1,720	2,222	2,705	2,911	2,957
Sales YoY Gr.	-	19.9%	-10.9%	5.7%	13.4%	0.7%	-6.7%	29.2%	21.7%	7.6%	-
Adj EPS ⓘ	2.8	3.2	4.6	7.9	7.1	6.9	5.6	6.1	6.1	7.3	4.9
YoY Gr.	-	13.4%	44.6%	70%	-9.6%	-3%	-18.6%	8.5%	0.3%	19.1%	-
BVPS (₹) ⓘ	22	25.2	27.3	35.2	41.1	45	50.3	53.7	59.8	67.1	67.9
Adj Net Profit ⓘ	119	134	195	331	299	286	232	247	248	295	198
Cash Flow from Ops. ⓘ	262	97	300	421	617	483	350	417	358	490	-
Debt/CF from Ops. ⓘ	3.4	9.7	2.7	1	0.1	0	0	0	0.1	0.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	8.2%	9.7%	19.2%	7.6%
Adj EPS ⓘ	11.1%	0.5%	9%	19.1%
BVPSⓘ	13.2%	10.3%	10.1%	12.2%
Share Price	-	12.3%	21.1%	2.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	13.5	13.6	17.7	25.2	18.7	16	11.8	11.6	10.8	11.5	7.3
Op. Profit Mgn % ⓘ	30.5	23.3	26.7	32.3	24.5	21.4	19.3	15.5	17.3	19.1	18.3
Net Profit Mgn % ⓘ	8.5	8.2	13.2	20.8	16.7	15.6	13.5	11.1	9.2	10.1	6.7
Debt to Equity ⓘ	1	0.9	0.7	0.3	0	0	0	0	0	0.1	0.1
Working Cap Days ⓘ	243	266	344	341	283	197	178	138	113	99	47
Cash Conv. Cycle ⓘ	63	84	76	38	45	46	48	22	10	17	5

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 19.17%

Return on Equity has declined versus last 3 years average to 7.30%

Net Profit has been subdued in last 3 years 9.04%

Sales growth is not so good in last 4 quarters at 6.03%

Latest Financials - Star Cement Ltd.

	Standalone	Consolidated
TTM EPS (₹)	2	4.9
TTM Sales (₹ Cr.)	2,396	2,957
BVPS (₹.) ⓘ	40.4	67.9
Reserves (₹ Cr.) ⓘ	1,591	2,706
P/BV ⓘ	4.44	2.64
PE ⓘ	91.83	36.59

From the Market
52 Week Low / High (₹)	161.80 / 255.95
All Time Low / High (₹)	56.00 / 255.95
Market Cap (₹ Cr.)	7,243
Equity (₹ Cr.)	40.4
Face Value (₹)	1
Industry PE ⓘ	48.4

Management X-Ray of Star Cement:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.13

0.00

0.08

0.60

* Pledged shares as % of Promoter's holding (%)

Valuation of Star Cement

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Star Cement

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	1,430	1,715	1,528	1,615	1,831	1,843	1,720	2,222	2,705	2,911
Operating Expenses ⓘ	994	1,316	1,120	1,093	1,382	1,449	1,387	1,877	2,236	2,354
Manufacturing Costs	263	306	273	294	359	451	432	557	742	757
Material Costs	228	347	342	302	437	402	403	571	329	463
Employee Cost	91	108	119	107	116	127	131	159	197	215
Other Costs ⓘ	412	555	386	389	470	469	421	589	968	920
Operating Profit ⓘ	436	399	408	521	449	394	333	345	468	556
Operating Profit Margin (%)	30.5%	23.3%	26.7%	32.3%	24.5%	21.4%	19.3%	15.5%	17.3%	19.1%
Other Income ⓘ	1	1	3	4	5	30	28	33	52	26
Interest ⓘ	87	83	78	52	14	9	7	13	10	13
Depreciation ⓘ	224	171	118	121	106	93	90	122	131	147
Exceptional Items ⓘ	0	-1	0	0	0	0	-65	0	0	0
Profit Before Tax ⓘ	126	145	215	353	335	322	199	244	380	424
Tax ⓘ	5	6	14	16	30	34	12	-3	132	128
Profit After Tax	121	139	201	336	305	287	187	247	248	295
PAT Margin (%)	8.5%	8.1%	13.1%	20.8%	16.7%	15.6%	10.9%	11.1%	9.2%	10.1%
Adjusted EPS (₹)	2.8	3.2	4.6	7.9	7.1	6.9	4.5	6.1	6.1	7.3
Dividend Payout Ratio (%)	28%	0%	0%	13%	0%	14%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	921	1,055	1,146	1,476	1,724	1,857	2,074	2,168	2,416	2,710
Share Capital ⓘ	42	42	42	42	42	41	41	40	40	40
Reserves ⓘ	879	1,013	1,104	1,434	1,682	1,816	2,033	2,128	2,376	2,670
Minority Interest	48	53	57	62	68	70	0	0	0	0
Debt	692	749	672	332	51	11	15	5	26	130
Long Term Debt	502	384	372	199	2	1	0	0	0	72
Short Term Debt	189	365	301	133	50	10	15	5	26	58
Trade Payables	77	140	94	189	125	96	98	212	277	220
Others Liabilities ⓘ	452	468	424	377	289	88	149	120	122	303
Total Liabilities ⓘ	2,190	2,466	2,392	2,436	2,258	2,122	2,336	2,506	2,842	3,362
Fixed Assets
Gross Block	1,612	1,674	1,004	1,056	1,096	1,167	1,386	1,607	1,705	2,367
Accumulated Depreciation	584	755	141	271	374	471	563	684	814	951
Net Fixed Assetsⓘ	1,028	919	863	785	722	696	823	923	891	1,416
CWIP ⓘ	41	49	55	36	74	238	127	109	551	1,022
Investmentsⓘ	2	2	1	1	2	2	2	167	173	2
Inventories	109	209	161	295	277	257	235	195	374	335
Trade Receivables	310	449	138	146	144	122	132	129	105	151
Cash Equivalents	20	24	20	20	211	284	472	385	312	97
Others Assetsⓘ	680	815	1,154	1,153	828	524	547	598	438	340
Total Assets ⓘ	2,190	2,466	2,392	2,436	2,258	2,122	2,336	2,506	2,842	3,362

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	262	97	300	421	616	483	350	417	358	490
PBT ⓘ	126	145	215	353	335	322	199	244	380	424
Adjustment ⓘ	310	253	186	169	115	74	74	102	94	138
Changes in Working Capital ⓘ	-154	-273	-72	-35	226	138	108	106	-47	4
Tax Paid ⓘ	-21	-28	-28	-66	-59	-51	-30	-35	-68	-76
Cash Flow From Investing Activity ⓘ	-41	-79	-89	-25	-193	-136	-333	-289	-255	-650
Capex	-43	-81	-89	-32	-80	-227	-107	-197	-569	-1,036
Net Investments	2	0	-3	3	-115	75	-191	-122	251	355
Others ⓘ	1	1	3	4	3	16	-36	31	63	31
Cash Flow From Financing Activityⓘ	-210	-14	-218	-393	-348	-201	-3	-176	10	86
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-142	-106	-76	-173	-197	-1	-1	0	0	72
Interest Paid ⓘ	-87	-83	-78	-52	-14	-9	-7	-13	-10	-11
Dividend Paid ⓘ	0	0	0	0	-52	-50	0	0	0	0
Others ⓘ	19	175	-64	-168	-85	-141	4	-163	20	25
Net Cash Flow ⓘ	11	4	-7	2	76	146	14	-47	114	-74

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	13.75	14.1	18.25	25.64	19.06	16.05	9.52	11.63	10.8	11.51
ROCE (%)	11.83	12.04	14.86	21.01	18.83	18.04	10.42	12.06	16.87	16.51
Asset Turnover Ratio	0.68	0.76	0.64	0.67	0.78	0.91	0.84	1	1.11	1.04
PAT to CFO Conversion(x)	2.17	0.7	1.49	1.25	2.02	1.68	1.87	1.69	1.44	1.66
Working Capital Days
Receivable Days	54	79	69	32	29	24	25	20	14	14
Inventory Days	33	33	44	51	57	49	48	32	35	40
Payable Days	119	114	125	171	131	100	88	99	272	196

Star Cement Ltd Stock News

Star Cement Ltd FAQs

What is the share price of Star Cement?

Company share prices are keep on changing according to the market conditions. The closing price of Star Cement on 21-Nov-2024 16:59 is ₹173.2.

What is the market cap of Star Cement?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Star Cement stood at ₹7,242.9.

What is the P/E ratio of Star Cement?

The latest P/E ratio of Star Cement as of 21-Nov-2024 16:59 is 91.83.

What is the P/B ratio of Star Cement?

The latest P/B ratio of Star Cement as of 21-Nov-2024 16:59 is 4.44.

What is the 52-week high and low of Star Cement?

The 52-week high of Star Cement is ₹255.9 and the 52-week low is ₹161.8.

What is the TTM revenue of Star Cement?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Star Cement is ₹2,396 ( Cr.) .

About Star Cement Ltd

Star Cement (formerly Cement Manufacturing Company Limited) is a public limited company domiciled in India and incorporated on November 02, 2001 as per the provisions of the Companies Act. The company is the largest cement manufacturer in north east India. The manufacturing units are located at Lumshnong, Meghalaya and Guwahati, Assam. The Company is selling its product across north eastern and eastern states of India. The company’s brand ‘Star Cement’ has established itself as the most accredited brand of the region on grounds of both quality and fair pricing.

Star Cement is listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Star Cement is one of the most profitable cement manufacturers in North East India. The company has received BIS License for the products being sold in the market. The company has developed a good image in the Market since launch of the product due to its superior quality. The company has also received ISO certificate.

Business area of the company

The Company is engaged in the manufacturing and selling of Cement Clinker & Cement.

Products

Ordinary Portland Cement 53 & 43 Grade
Portland Pozzolana Cement (PPC)
Star Anti Rust Cement (ARC)
Portland Slag Cement

Awards and accreditations

2016-17

ABP News HR & Leadership Awards for Excellence in Employee Engagement in February 2016
Transport Excellence Award 2016 - National Award in Mining and in the Construction segment
Gold Award (Alternative Media - Any single execution on non-conventional OOH) and Silver Award (Outdoor Media Plan of the Year - Local) at OAA 2016
Award for Best practices in Employee Engagement - National HRD Network in 2016
Awarded first prize in the Thermal Power Station sector - National Energy Conservation Award, 2015 and 2014
Award for Most Preferred Cement Brand for five years consecutively at the North East Consumer Awards in 2015

2018-19

The company has won the ‘CSR Leadership Award’ in Manufacturing category organised by World CSR Congress and ET NOW for its exemplary contribution to the neighboring community of cement plant operational area through implementation of various CSR projects in the domain of health & sanitation, education, livelihood, rural development, environment and bio-diversity verticals.
The company received a ‘Certificate of Appreciation’ from the Office of the Deputy Commissioner, Kamrup, Assam for making adequate arrangement for serving food and water to the devotees during the Ambubachi Mahotsav, 2018.

2019-20

The Company has won the coveted ‘Supply Chain & Logistics Excellence (SCALE) Award 2019’- under Cement Industry Category organised by the prestigious Confederation of Indian Industry (CII) Institute of Logistics.
The Company has received a Certificate of Appreciation from Deputy Commissioner, Kamrup Metropolitan District for maintaining high standard of Workmanship, Hygiene, Maintenance of Cleanliness, Discipline, Sanitation and in serving drinking water to devotees in Ma Kamakhya Temple during Ambubachi, 2019 which was carried out for a period of one week in the month of June, 2019.

Milestones

2016-17

Installed mesh in coal mill outlet to avoid foreign material, resulting in a steady coal flow that is expected to reduce flushing from FK pump and kiln downtime.
Installed variable fan drives in raw mill cyclone discharge bag filter, raw mill reject bag filter fan, RABH air slide blower bag filter fan, kiln tire cooling fan, blending silo top bag filter fan and silo aeration blower, lowering power consumption.

2017-18

Invested a sum of Rs. 2.8 billion over the past decade and launched aggressive campaigns outside North East India.
Engaged local celebrities for endorsing its brands (Debojit Saha, Saurabhee Debbarma and Lou Majaw, among others.

2018-19

Company has won the ‘CSR Leadership Award’ in Manufacturing category organised by World CSR Congress and ET NOW for its exemplary contribution to the neighboring community of cement plant operational area through implementation of various CSR projects in the domain of health & sanitation, education, livelihood, rural development, environment and bio-diversity verticals. Your Company also received a ‘Certificate of Appreciation’ from the Office of the Deputy Commissioner, Kamrup, Assam for making adequate arrangement for serving food and water to the devotees during the Ambubachi Mahotsav, 2018”.

2019-20

The Company launched Star Anti Rust cement through a 360 degree campaign ‘Dhalai Mein Must Star Anti Rust’ using above-the-line and below-the-line modes of promotion; it established the need for using Anti Rust Cement in dhalai applications.