STARCEMENTConstruction Materials

Star Cement Limited

Cement & Cement Products · ISIN INE460H01021 · BSE 540575 · NSE EQ · FV ₹1
Last price
₹188
+0.55%today
What this company does

Star Cement Limited operates in Cement & Cement Products, part of the Construction Materials sector. It booked ₹943 cr of revenue in its latest quarter (Q1 FY27) and kept 7.9% of sales as profit.

The Company is primarily selling its product across north eastern and eastern states of India.
Their stated vision

To become the fastest rising and most competitive company in the East India cement industry.

Their stated mission

To deliver the highest level of consumer satisfaction through top-quality products and excellent customer support.

In the report:
57out of 100
Equitytale Health Score
Mixed

Healthier than 57% of listed companies we score, on all six measures of filed financials. Each measure is ranked against the 412–2,858 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
42

At close. Not part of the score.

Profitability & returns45

How much profit it earns on the money it employs

Balance sheet56

How much it owes, and whether earnings cover the interest

Cash quality60

Whether reported profit actually arrives as cash

Growth & consistency69

Whether sales and profit have grown, and how steadily

Valuation45

What today's price implies, against our models or its peers

Governance & risk90

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Promoters hold 58%
Turns profit into real cash
Watch-outs
! Thin 7.9% net margin
! Profit down 24% vs last year
! 1.3% of promoter stake pledged

What if I invest in STARCEMENT?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹188 +0.55%
latest close · 2026-09-17
1-year return
+73.9%
52-wk low ₹8152-wk high ₹210
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio25.5Average
LowAverageHigh
P/B ratio2.39Moderate
Below bookModerateHigh
EV / EBITDA10.1Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity9.4%Fair
WeakFairStrong ▸15%
Return on capital11.9%Fair
WeakFairStrong
Net margin7.9%Decent
ThinDecentStrong
EBITDA margin21.5%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.18Comfortable
LowModerateHigh ▸1
Interest cover8.1×Strong
RiskyOkayStrong ▸5×
Current ratio1.31Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹7,612 cr
Book value
₹79
EPS
₹1.85
latest quarter
Net debt
₹573 cr
owes more than its cash
Enterprise value
₹8,185 cr
EBITDA
₹811 cr
annualised
EBIT
₹445 cr
annualised
Operating margin
11.8%
Return on assets
6.4%
Earnings yield
3.93%
P/S
2.02
Sales / share
₹93.3
Tax rate
24.2%
Face value
₹1
Shares
40.4 cr
Working capital
₹282 cr
Current assets
₹1,201 cr
Current liabilities
₹920 cr
Delivery %
61.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹45₹108, midpoint ₹47

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹943 cr
Other Income₹8 cr
Total Income₹951 cr
Cost of Materials₹132 cr
Purchases of Stock-in-Trade₹23.9 L
Inventory Change (±)₹10 cr
Employee Benefit Expense₹77 cr
Finance Costs₹14 cr
Depreciation & Amortisation₹91 cr
Other Expenses₹529 cr
Total Expenses₹854 cr
Profit before Tax₹98 cr
Tax Expense₹24 cr
Net Profit₹74 cr
Net margin on total income7.8%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹142 cr14.9%
Employee benefit expense₹77 cr8.1%
Finance costs₹14 cr1.4%
Depreciation & amortisation₹91 cr9.6%
Other expenses₹529 cr55.6%
Tax expense₹24 cr2.5%
Profit for the period₹74 cr7.8%
Total income ₹951 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue880 cr1,174 cr943 cr
Total income885 cr1,183 cr951 cr
Expenses781 cr970 cr854 cr
Profit before tax99 cr207 cr98 cr
Tax24 cr60 cr24 cr
Net profit (owners' share)75 cr148 cr75 cr
Net margin (owners' share, on revenue)8.5%12.6%7.9%
EPS (₹)1.853.661.85
YoY (latest quarter): total income +4.1% · net profit -24.1%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹4,647 cr
Shareholder equity
₹3,191 cr
parent shareholders
Total debt
₹586 cr
Cash
₹13 cr
Cash flow · H1 FY26
Operating
₹169 cr
Investing
₹-275 cr
Financing
₹171 cr
Peer comparison
Cement & Cement Products · by market value
CompanyPriceMarket capP/E
UltraTech Cement Limited₹10,764₹3.17 L cr30.5
Grasim Industries Limited₹3,173₹2.16 L cr25.1
Ambuja Cements Limited₹383₹95,238 cr41.3
SHREE CEMENT LIMITED₹21,960₹79,232 cr37.4
JK Cement Limited₹5,027₹38,844 cr35.0
Dalmia Bharat Limited₹1,693₹32,173 cr42.2
ACC Limited₹1,233₹23,171 cr39.4
The Ramco Cements Limited₹859₹20,297 cr162.7
JSW Cement Limited₹117₹15,750 cr24.3
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.53%
trailing 12 months
Dividend / share (TTM)
₹1
Last dividend
₹1
ex 12 Feb 2026
ActionDetailEx-date
Dividend₹1 / share12 Feb 2026
Dividend₹1 / share14 Aug 2025
Buyback Buy Back25 Aug 2021
Dividend₹1 / share17 Feb 2020
Buyback Buyback4 Jul 2019
Dividend₹1 / share23 Jul 2018
Who owns it · 2026-06-30
1.3% pledged
Promoter
58.1%
FII / Foreign
2.3%
DII / Domestic
2.4%
Retail / others
37.2%
Promoter stake down 8.4% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtTanishi Agarwal · Directors Immediate Relative8,000 · ₹16.2 L17 Aug 26
BoughtShraddha Agarwal · Promoter Group1,350 · ₹2.7 L30 Mar 26
BoughtPrem Kumar Bhajanka · Promoters98,407 · ₹2.0 cr4 Mar 26
Bulk / block deals
short · NSE1,5007 Aug 26
short · NSE21414 May 26
short · NSE36223 Apr 26
Stake changes
SoldSBI Mutual fund under its Various Schemes→ 2.58% · 40.83 L17 Feb 26
BothSajjan Bhajanka · promoter→ 58.11% · 42.89 L17 Feb 26
BothMahabir Prasad Agarwal For and on behalf of Acquirer and PACs→ 21.37% · 54.38 L25 Sep 25
Promoter pledges
PledgedBajaj Financial Securities Limited5.00 L · 0.40% held31 Mar 25
PledgedBajaj Financial Securities Limited10.00 L · 0.00% held31 Dec 24
PledgedBajaj Finance Limited2.00 L · 0.00% held1 Mar 24
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 9 Aug 2026
See the official result
1
APPROVAL FOR PAYMENT OF REMUNERATION AND INCENTIVE TO MR. TUSHAR BHAJANKA, DEPUTY MANAGING DIRECTOR OF THE COMPANY FROM 1ST APRIL, 2026 TO 21ST MAY, 2026.
Backed by 96% of shareholders other than promotersneeded 75%
9.73 cr votes for, 42.42 L against · 31% of mutual funds and other big investors said no
2
APPROVAL FOR CHANGE IN DESIGNATION & RE-APPOINTMENT OF MR. TUSHAR BHAJANKA, DEPUTY MANAGING DIRECTOR AS MANAGING DIRECTOR & CHIEF EXECUTIVE OFFICER (CEO) OF THE COMPANY FOR A PERIOD OF 3 (THREE) YEARS FROM 22ND MAY, 2026 TO 21ST MAY, 2029 AND PAYMENT OF REMUNRATION
Backed by 97% of shareholders other than promotersneeded 75%
9.85 cr votes for, 29.64 L against · 22% of mutual funds and other big investors said no
3
CHANGE IN DESIGNATION OF MR. PREM KUMAR BHAJANKA FROM ‘MANAGING DIRECTOR TO VICE CHAIRMAN & MANAGING DIRECTOR’.
Backed by 100% of shareholders other than promotersneeded 75%
10.12 cr votes for, 3.23 L against · 2% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 60 named members
owning 58.1% between them · as of 2026-06-30
SAJJAN BHAJANKA12.02%
PREM KUMAR BHAJANKA10.76%
DIVYA AGARWAL4.62%
SANTOSH BHAJANKA4.40%
SANJAY AGARWAL4.36%
BRIJDHAM MERCHANTS PVT LTD2.51%
SRI RAM VANIJYA PVT LTD2.46%
SUMANGAL INTERNATIONAL PVT LTD2.18%
Business done with them
FY2025 · 9 of the group
The company paid ₹11 cr to companies in the promoter group last year — about 0.4% of its ₹3,163 cr revenue and received ₹16 L back from them.
MR. RAJENDRA CHAMARIA
Other payments to them · REMUNERATION
₹3 cr
company paid
MR. PREM KUMAR BHAJANKA
Other payments to them · REMUNERATION
also owns 10.76% of the company
₹2 cr
company paid
MR. SANJAY AGARWAL
Other payments to them · REMUNERATION
also owns 4.36% of the company
₹2 cr
company paid
MR. SAJJAN BHAJANKA
Other payments to them · REMUNERATION
also owns 12.02% of the company
₹2 cr
company paid
TUSHAR BHAJANKA
Other payments to them · REMUNERATION
also owns 0.26% of the company
₹2 cr
company paid
MR. RAHUL CHAMARIA
Other payments to them · REMUNERATION
₹45 L
company paid
MR. SACHIN CHAMARIA
Other payments to them · REMUNERATION
₹45 L
company paid
RAJENDRA UDYOG HUF
Paid them for services · SERVICES RECEIVED
₹26.6 L
company paid
RAJENDRA UDYOG HUF
Contribution received from them · SERVICES RECEIVED
₹16 L
company received
MRS. YASH BALA BHAJANKA
Paid them for services · SERVICES RECEIVED
also owns 1.12% of the company
₹10.6 L
company paid

The company also transacted with 21 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.