Dashboard/STARCEMENT

STARCEMENT

OVERVALUED

Star Cement Limited

Cement · NSE

↓ 34.4% vs fair value

52W Low

₹197

+6.3% from low

52W High

₹309

-32.4% from high

News sentiment (2 articles)

1 bull0 neutral1 bear

Valuation Gauge

OVERVALUED-34.4% Margin of Safety

OVERVALUEDFAIRLY VALUEDUNDERVALUED

Current Price

₹209

Fair Value

₹156

Fair Value Analysis

₹156

Based on balance sheet strength analysis and earnings growth potential for Cement sector companies

Medium confidence

Balance Sheet Value

55% weight

₹124

Growth Valuation

46% weight

₹193

Price vs Market

STARCEMENT

Nifty 50

Shareholding Pattern

Stock Health Score

Solid Fundamentals

6 / 10

Profitability

8/10

ROE of 12.2% is acceptable for Cement sector (benchmark: 15%)

Debt & Leverage

10/10

D/E ratio of 0.2x is well within the Cement sector norm of 0.8x — strong balance sheet

Valuation vs Peers

10/10

P/E of 22.5x trades at a 58% discount to Cement sector median (54x) — attractively valued

Cash Flow

1/10

Negative FCF of ₹-285 Cr — company is consuming more cash than it generates

Earnings Growth

3/10

5yr EPS CAGR of -11.9% — earnings are declining (sector avg growth: 11.5%)

Dividend

6/10

Dividend yield of 1.0% provides moderate shareholder returns

Sentiment Trend — Last 30 Days

Historical Returns

Key Ratios & Growth

FCF Yield

-2.8%

Free cash flow / market cap

Revenue Growth (YoY)

+22.4%

Year-on-year revenue change

Profit Growth (YoY)

+722.2%

Year-on-year PAT change

Operating Cash Flow

₹296 Cr

TTM cash from operations

Key Financials

EPS (TTM)

₹9.1

P/E Ratio

22.5x

P/B Ratio

2.7x

ROE

12.2%

ROCE

Debt / Equity

0.21x

Beta

-0.09

Div Yield

FCF (Cr)

₹-285 Cr

Revenue (Cr)

₹2,988 Cr

EPS Growth 5Y

-11.9%

Mkt Cap (Cr)

₹8,362 Cr

52W High

₹309

52W Low

₹196.5

Book Value/Share

₹75.2

Financial History

Period	Revenue	Op Profit	OPM%	PAT	EPS
TTM	₹3.7K Cr	₹884 Cr	24.0%	₹367 Cr	₹9.12
2025-03-31	₹3.2K Cr	₹579 Cr	18.0%	₹169 Cr	₹4.18
2024-03-31	₹2.9K Cr	₹557 Cr	19.0%	₹295 Cr	₹7.30
2023-03-31	₹2.7K Cr	₹468 Cr	17.0%	₹248 Cr	₹6.13
2022-03-31	₹2.2K Cr	₹345 Cr	16.0%	₹247 Cr	₹6.11
2021-03-31	₹1.7K Cr	₹333 Cr	19.0%	₹187 Cr	₹4.54
2020-03-31	₹1.8K Cr	₹394 Cr	21.0%	₹287 Cr	₹6.92
2019-03-31	₹1.8K Cr	₹449 Cr	25.0%	₹305 Cr	₹7.13
2018-03-31	₹1.6K Cr	₹521 Cr	32.0%	₹336 Cr	₹7.89
2017-03-31	₹1.5K Cr	₹408 Cr	27.0%	₹195 Cr	₹4.64
2016-03-31	₹1.7K Cr	₹399 Cr	23.0%	₹139 Cr	₹3.20
2015-03-31	₹1.4K Cr	₹436 Cr	31.0%	₹121 Cr	₹28.30
2014-03-31	₹1.0K Cr	₹233 Cr	23.0%	₹-3 Cr	₹-1.00

Compounded Growth Rates

Sales Growth

3Y+10.6%

5Y+16.3%

10Y+7.9%

Profit Growth

3Y+14.0%

5Y+14.4%

10Y+10.2%

EPS Growth

3Y+14.2%

5Y+15.0%

10Y+11.0%

Peer Comparison

Cement

Stock	Price	Fair Value	MoS%	P/E	ROE	Signal
NIRAJ Niraj Cement Structurals Limited	₹24.5	₹54.3	+54.8%	5.1	5.8%	FAIRLY_VALUED
ACC ACC	₹1,362.6	₹1,960.9	+30.5%	9.4	13.3%	FAIRLY_VALUED
BIRLACORPN Birla Corporation	₹890	₹1,159.1	+23.2%	13.2	7.3%	FAIRLY_VALUED
BVCL Barak Valley Cements Limited	₹38.1	₹45.7	+16.7%	3,623	4.4%	FAIRLY_VALUED
JKLAKSHMI JK Lakshmi Cement	₹589.1	₹524.9	-12.2%	15.7	9.0%	FAIRLY_VALUED
STARCEMENT Star Cement Limited	₹209	₹155.6	-34.4%	22.7	12.2%	OVERVALUED
ORIENTCEM Orient Cement	₹134.3	₹91.8	-46.4%	8.4	6.1%	OVERVALUED
SHREDIGCEM Shree Digvijay Cement Co.Ltd	₹67.8	₹44	-54.4%	27.6	16.0%	OVERVALUED