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Star Cement Ltd.
(STARCEMENT)
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Rating:60Neutral
Price Target:
₹179.00
▼(-12.64% Downside)
Action:Reiterated
Date:08/25/26
The score is supported primarily by solid financial performance—profitability rebound and a conservatively positioned balance sheet—partly offset by weaker cash-flow conversion and volatility in free cash flow. Technicals are a meaningful headwind, with the price trading below key moving averages and negative MACD, despite oversold RSI/Stochastic readings. Valuation is neutral-to-slightly supportive with a mid-range P/E and modest dividend yield.
Positive Factors
Steady Revenue Growth
Steady revenue expansion indicates continued demand for Star Cement’s products across its operating markets and construction end uses. Sustained top-line growth can support better utilization, reinforce customer relationships, and provide a durable base for earnings growth over the next several quarters.
Negative Factors
Weak Earnings-to-Cash Conversion
Weak conversion of reported earnings into surplus cash limits the quality and flexibility of Star Cement’s profits. Persistent investment needs can absorb operating cash, leaving less available for debt reduction, dividends, expansion, or protection during weaker construction-materials conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Growth
Steady revenue expansion indicates continued demand for Star Cement’s products across its operating markets and construction end uses. Sustained top-line growth can support better utilization, reinforce customer relationships, and provide a durable base for earnings growth over the next several quarters.
Read all positive factors
Star Cement Ltd. (STARCEMENT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹68.97B
Dividend Yield1.17%
Average Volume (3M)12.25K
Price to Earnings (P/E)18.7
Beta (1Y)0.82
Revenue Growth14.53%
EPS Growth56.37%
CountryIN
Employees855
SectorGeneral
Sector StrengthN/A
IndustryConstruction Materials
Share Statistics
EPS (TTM)9.14
Shares Outstanding404,180,420
10 Day Avg. Volume6,430
30 Day Avg. Volume12,250
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)2.58
Price to Sales (P/S)2.18
P/FCF Ratio36.66
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)8.99
Revenue Forecast (FY)₹40.74B
Star Cement Ltd. Business Overview & Revenue Model
Company Description
Star Cement Limited, an Indian company established in 2001 and headquartered in Kolkata, specializes in the manufacture and sale of cement and clinker products. Its market footprint spans across the northeastern and eastern regions of India, exten...
Star Cement Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
82
Very Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 38.07B | 37.76B | 31.63B | 28.88B | 25.76B | 22.19B |
| Gross Profit | 22.28B | 20.80B | 21.15B | 18.54B | 16.61B | 12.23B |
| EBITDA | 9.17B | 9.44B | 5.89B | 5.81B | 5.22B | 3.79B |
| Net Income | 3.70B | 3.93B | 1.69B | 2.95B | 2.48B | 2.47B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 46.47B | 41.07B | 36.02B | 31.31B | 27.45B |
| Cash, Cash Equivalents and Short-Term Investments | 1.25B | 931.36M | 2.27B | 945.46M | 3.10B | 3.83B |
| Total Debt | 0.00 | 6.03B | 4.03B | 1.47B | 353.50M | 156.52M |
| Total Liabilities | -31.88B | 14.59B | 12.28B | 8.92B | 7.15B | 5.77B |
| Stockholders Equity | 31.88B | 31.91B | 28.79B | 27.10B | 24.16B | 21.68B |
Cash Flow | ||||||
| Free Cash Flow | -432.57M | 2.24B | -2.85B | -5.47B | -1.97B | 2.18B |
| Operating Cash Flow | 1.69B | 7.17B | 2.96B | 4.90B | 3.75B | 4.17B |
| Investing Cash Flow | -2.75B | -8.44B | -5.29B | -6.50B | -2.72B | -2.89B |
| Financing Cash Flow | 1.71B | 996.79M | 2.24B | 864.80M | 100.03M | -1.76B |
Star Cement Ltd. Technical Analysis
Neutral
204.90
Price Trends
180.92
Negative
193.62
Negative
204.96
Negative
Market Momentum
-5.46
Negative
48.55
Neutral
53.02
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:STARCEMENT, the sentiment is Neutral. The current price of 204.9 is above the 20-day moving average (MA) of 168.06, above the 50-day MA of 180.92, and below the 200-day MA of 204.96, indicating a neutral trend. The MACD of -5.46 indicates Negative momentum. The RSI at 48.55 is Neutral, neither overbought nor oversold. The STOCH value of 53.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:STARCEMENT.
Star Cement Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | ₹68.97B | 18.72 | ― | 1.17% | 14.53% | 56.37% | |
59 Neutral | ₹114.50B | 27.57 | ― | ― | 10.62% | 51.52% | |
58 Neutral | ₹59.76B | 10.80 | ― | 1.61% | 3.90% | 44.89% | |
57 Neutral | ₹56.36B | 15.23 | ― | 1.43% | 8.74% | -7.52% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | ₹96.83B | 78.94 | ― | 0.35% | 5.24% | 850.22% | |
45 Neutral | ₹47.64B | 27.24 | ― | 1.16% | 1.01% | 93.62% |
* General Sector Average
IN:STARCEMENT
Star Cement Ltd.
170.65
-88.35
-34.11%
IN:BIRLACORPN
Birla Corporation Limited
776.00
-393.90
-33.67%
IN:INDIACEM
India Cements Ltd.
312.45
-89.95
-22.35%
IN:JKLAKSHMI
JK Lakshmi Cement Limited
454.00
-408.81
-47.38%
IN:NUVOCO
Nuvoco Vistas Corporation Limited
320.60
-88.10
-21.56%
IN:PRSMJOHNSN
Prism Johnson Limited
94.65
-50.25
-34.68%
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.