Star Cement Limited

BSE: STARCEMENT540575ISIN INE460H01021

Commodities
Cement & Cement Products
BSE 1000

Share price

₹177.05+2.00 (+1.14%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹269.60
52W low: ₹156.50
Off 52W high: -34.33%
1M return: +0.63%
3M return: -13.57%
6M return: -24.47%
1Y return: -29.36%
20D avg volume: 8,411
50 DMA: ₹179.71
200 DMA: ₹204.26

Key ratios Consolidated

Market cap: ₹7,156 Cr
Current price: ₹177.05
52W high / low: ₹269.60 / ₹156.50
Face value: ₹1.00
P/E: 19.54
P/B: 2.24
EPS (TTM): ₹9.06
Book value / share: ₹78.95
ROE: —
ROCE: 15.50%
Operating margin: —
Net margin: —
Debt / equity: 0.18
Net debt: ₹573.05 Cr
Interest cover: 12.50
Dividend yield: 0.56%
Dividend / share (TTM): ₹1.00
Payout: 11.04%
Cash conversion cycle: 43.5 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	942.89	1,174	880.00	810.94	911.99	1,052	718.75	641.55	751.01	913.53	651.40	585.26
	8.21	9.12	4.88	3.48	1.79	5.03	2.52	1.63	1.38	7.83	4.13	5.77
	951.09	1,183	884.88	814.41	913.79	1,057	721.28	643.18	752.39	921.36	655.54	591.03
	853.58	970.10	780.84	722.06	779.13	885.68	713.67	635.62	713.32	780.23	542.12	525.96
	132.15	144.80	136.77	105.58	108.91	118.71	165.50	94.14	187.86	159.40	155.77	130.02
	0.24	0.23	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	77.40	69.00	69.94	71.50	66.79	60.08	60.61	64.56	62.20	54.75	54.53	57.12
	13.76	12.93	12.15	11.06	10.16	8.81	9.80	7.11	5.90	4.15	2.96	3.25
	91.42	98.69	91.18	90.22	85.19	87.50	89.34	82.53	72.55	42.26	36.51	36.02
	528.91	617.71	487.96	461.45	500.10	625.75	124.54	100.77	99.94	112.04	79.39	88.70
	97.52	212.57	104.04	92.35	134.66	171.44	7.61	7.56	39.07	141.14	113.41	65.07
	0.00	-5.80	-5.52	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	97.52	206.77	98.52	92.35	134.66	171.44	7.61	7.56	39.07	141.14	113.41	65.07
	23.61	59.74	24.32	21.29	36.49	48.32	1.44	1.89	8.08	53.47	39.90	24.40
	73.91	147.03	74.20	71.06	98.17	123.12	9.04	5.67	30.99	87.67	73.52	40.67
	1.85	3.66	1.85	1.78	2.44	3.05	0.22	0.14	0.77	2.17	1.82	1.01
Key metrics
	202.70	318.39	201.85	193.63	230.01	267.75	106.75	97.20	117.52	187.55	152.88	104.34
	21.50%	27.10%	22.90%	23.90%	25.20%	25.40%	14.90%	15.20%	15.60%	20.50%	23.50%	17.80%
	7.80%	12.50%	8.40%	8.80%	10.80%	11.70%	1.30%	0.90%	4.10%	9.60%	11.30%	6.90%
	—	5.90%	—	2.90%	—	5.60%	—	—	—	—	—	—
	3.40%	11.50%	22.40%	26.40%	21.40%	15.20%	10.30%	9.60%	—	—	—	—
	-24.70%	19.40%	720.80%	1,153.30%	216.80%	40.40%	-87.70%	-86.10%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	3,807	3,776	3,163	2,911	2,705	2,222
	25.69	19.26	10.57	26.46	52.08	33.37
	3,833	3,796	3,174	2,937	2,757	2,255
	3,327	3,252	2,948	2,514	2,377	2,012
	519.30	496.04	566.20	462.93	643.59	545.07
	0.47	0.23	0.00	—	—	—
	287.84	277.23	247.46	214.79	195.87	159.35
	49.90	46.30	31.62	12.60	9.70	13.34
	371.51	365.29	331.91	146.60	131.11	121.63
	2,096	2,067	1,818	363.51	338.38	299.63
	506.48	543.62	225.67	423.58	379.67	243.65
	-11.32	-11.32	0.00	0.00	0.00	0.00
	495.16	532.30	225.67	423.58	379.67	243.65
	128.96	141.85	56.85	128.47	132.06	3.12
	366.20	390.46	168.82	295.11	247.60	246.78
	9.14	9.73	4.18	7.30	6.13	6.04
Key metrics
	916.57	943.89	589.20	582.78	520.48	378.62
	24.07%	25.00%	18.60%	20.00%	19.20%	17.00%
	9.62%	10.30%	5.30%	10.10%	9.20%	11.10%
	—	15.50%	8.00%	—	—	—
	14.53%	19.40%	8.70%	7.60%	21.70%	—
	55.17%	131.30%	-42.80%	19.20%	0.30%	—
	—	271.66	-284.72	—	—	—
	—	1.96	1.76	—	—	—
	—	0.18	0.14	—	—	—
	—	573.05	350.24	—	—	—
	—	43.5	47.7	—	—	—
Balance sheet
	—	4,647	4,107	—	—	—
	—	1,201	1,035	—	—	—
	—	13.14	39.85	—	—	—
	—	241.65	199.54	—	—	—
	—	465.61	446.35	—	—	—
	—	181.29	161.09	—	—	—
	—	2,589	2,413	—	—	—
	—	257.21	232.54	—	—	—
	—	919.57	896.16	—	—	—
	—	586.19	390.09	—	—	—
	—	93.00	97.36	—	—	—
	—	493.19	292.73	—	—	—
	—	3,188	2,879	—	—	—
Cash flow
	—	764.86	296.47	—	—	—
	—	-843.32	-528.55	—	—	—
	—	51.76	224.14	—	—	—
	—	493.20	581.19	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	576.31	785.40	531.83	521.67	544.74	658.26	451.16	396.67	480.79	859.70	659.05	602.23
	9.00	10.04	4.34	5.05	3.66	4.44	3.04	3.51	3.00	24.69	4.04	5.25
	585.31	795.44	536.17	526.72	548.40	662.70	454.20	400.18	483.79	884.39	663.09	607.47
	550.99	693.08	497.88	502.19	508.07	608.37	520.90	452.50	503.87	767.98	576.17	548.66
	94.55	127.73	81.87	77.46	72.25	127.22	148.65	141.03	209.07	365.32	263.98	247.29
	17.36	7.51	2.33	2.18	1.32	-2.14	—	—	9.05	12.29	0.65	0.89
	44.11	39.29	41.19	42.03	41.21	39.53	38.83	43.70	36.21	37.84	38.85	40.05
	10.28	10.90	10.17	12.65	11.09	9.22	5.21	1.72	3.72	3.86	2.89	3.55
	47.76	55.66	55.62	55.17	52.46	49.87	52.29	46.64	39.35	22.32	19.99	20.12
	337.14	418.11	317.22	310.24	339.88	406.81	79.64	68.11	66.72	99.23	76.61	78.44
	34.32	102.36	38.29	24.53	40.33	54.33	-66.70	-52.32	-20.07	116.42	86.92	58.81
	0.00	-3.82	-2.81	0.00	0.00	0.00	—	—	—	—	—	—
	34.32	98.55	35.48	24.53	40.33	54.33	-66.70	-52.32	-20.07	116.42	86.92	58.81
	10.56	30.93	12.37	9.18	16.14	17.48	22.39	14.45	6.94	42.95	30.51	22.08
	23.76	67.61	23.11	15.35	24.19	36.85	-44.31	-37.87	-13.13	73.46	56.41	36.73
	0.59	1.67	0.57	0.38	0.60	0.91	-1.10	-0.94	-0.32	1.82	1.40	0.91
Key metrics
	92.36	165.11	101.27	92.35	103.88	113.42	-9.20	-3.96	23.00	142.60	109.80	82.48
	16.00%	21.00%	19.00%	17.70%	19.10%	17.20%	-2.00%	-1.00%	4.80%	16.60%	16.70%	13.70%
	4.10%	8.60%	4.30%	2.90%	4.40%	5.60%	-9.80%	-9.50%	-2.70%	8.50%	8.60%	6.10%
	—	5.20%	—	1.70%	—	3.10%	—	—	—	—	—	—
	5.80%	19.30%	17.90%	31.50%	13.30%	-23.40%	-31.50%	-34.10%	—	—	—	—
	-1.80%	83.50%	152.20%	140.50%	284.20%	-49.80%	-178.50%	-203.10%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	2,415	2,384	1,992	2,894	2,705	2,178
	28.43	23.10	14.02	39.70	26.68	23.03
	2,444	2,407	2,006	2,933	2,731	2,201
	2,244	2,201	2,091	2,594	2,482	2,031
	381.61	359.31	625.97	1,218	1,164	954.21
	29.38	13.33	36.30	26.52	—	—
	166.62	163.72	158.26	151.24	138.12	107.50
	44.00	44.81	19.87	12.95	12.51	12.36
	214.21	218.91	188.14	81.75	77.52	72.15
	1,383	1,385	1,096	331.11	326.62	257.41
	199.50	205.51	-84.77	338.94	248.84	170.38
	-6.63	-6.63	0.00	—	—	—
	192.88	198.89	-84.77	338.94	248.84	170.38
	63.04	68.62	-26.31	118.24	84.82	5.95
	129.83	130.27	-58.47	220.70	164.02	176.32
	3.21	3.22	-1.45	5.46	4.06	4.32
Key metrics
	451.09	462.61	123.24	433.64	338.87	254.89
	18.68%	19.40%	6.20%	15.00%	12.50%	11.70%
	5.38%	5.50%	-2.90%	7.60%	6.10%	8.10%
	—	11.60%	-3.20%	—	—	—
	17.77%	19.60%	-31.20%	7.00%	24.20%	—
	—	322.80%	-126.50%	34.60%	-7.00%	—
	—	326.99	-298.01	—	—	—
	—	3.38	-0.32	—	—	—
	—	0.25	0.26	—	—	—
	—	417.37	395.07	—	—	—
	—	19.3	22.6	—	—	—
Balance sheet
	—	2,779	2,722	—	—	—
	—	550.89	465.29	—	—	—
	—	7.88	28.46	—	—	—
	—	147.29	125.30	—	—	—
	—	228.16	180.59	—	—	—
	—	38.23	75.15	—	—	—
	—	1,406	1,509	—	—	—
	—	249.26	183.02	—	—	—
	—	684.27	686.88	—	—	—
	—	425.25	423.53	—	—	—
	—	32.80	41.72	—	—	—
	—	392.45	381.81	—	—	—
	—	1,674	1,624	—	—	—
Cash flow
	—	440.93	18.55	—	—	—
	—	-336.52	-325.21	—	—	—
	—	-124.99	306.52	—	—	—
	—	113.94	316.56	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: -4.12%
Sales CAGR 5Y: —
Profit CAGR 3Y: -7.39%
Profit CAGR 5Y: —
Sales YoY (TTM): +17.77%
Profit YoY (TTM): +714.14%

Consolidated

Sales CAGR 3Y: +11.77%
Sales CAGR 5Y: —
Profit CAGR 3Y: +16.40%
Profit CAGR 5Y: —
Sales YoY (TTM): +14.53%
Profit YoY (TTM): +55.17%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 58.14%

Quarter	September 2026	June 2026
Promoter %	58.14%	58.13%

Holder	Type	Holding	Previous	Change
SAJJAN BHAJANKA	Promoter	12.02%	12.02%	0.00%
PREM KUMAR BHAJANKA	Promoter	10.76%	10.76%	0.00%
MAHABIR PRASAD AGARWAL	Public	9.15%	9.15%	0.00%
ULTRATECH CEMENT LIMITED	Public	8.42%	8.42%	0.00%
DIVYA AGARWAL	Promoter Group	4.62%	4.62%	0.00%
SANTOSH BHAJANKA	Promoter Group	4.40%	4.40%	0.00%
SANJAY AGARWAL	Promoter	4.36%	4.36%	0.00%
SUBHAM CAPITAL PRIVATE LIMITED	Public	4.22%	3.96%	+0.26%
BRIJ BHUSAN AGARWAL & SONS	Public	2.81%	2.81%	0.00%
BRIJDHAM MERCHANTS PVT LTD	Promoter Group	2.51%	2.51%	0.00%
SRI RAM VANIJYA PVT LTD	Promoter Group	2.46%	2.46%	0.00%
SUMANGAL INTERNATIONAL PVT LTD	Promoter Group	2.18%	2.18%	0.00%
SBI FLEXICAP FUND	Public	2.04%	2.26%	-0.22%
SUMANGAL BUSINESS PVT LTD	Promoter Group	1.93%	1.93%	0.00%
SRI RAM MERCHANTS PVT LTD	Promoter Group	1.89%	1.89%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
UltraTech Cement Ltd	3,48,311	11,820.00	39.43	11.90%	+17.79% TTM	+19.27% TTM	+0.04%
Grasim Industries Ltd	2,13,679	3,139.85	18.78	4.00%	+20.48% TTM	+31.03% TTM	+9.00%
Ambuja Cements Ltd.	93,218	375.15	29.87	4.60%	+3.12% TTM	-56.51% TTM	-33.87%
Shree Cements Ltd.	87,640	24,290.05	55.13	10.20%	+14.32% TTM	-7.69% TTM	-12.02%
J.K. CEMENT LTD	39,138	5,066.25	41.28	13.30%	+17.33% TTM	-8.34% TTM	-12.30%
DALMIA BHARAT LIMITED	26,397	1,407.35	51.86	7.00%	+6.14% TTM	-55.31% TTM	-31.37%
ACC Ltd	22,254	1,185.05	25.22	10.40%	+4.64% TTM	-73.56% TTM	-35.30%
The Ramco Cements Limited	18,234	771.65	28.25	10.50%	+8.58% TTM	+103.26% TTM	-24.90%
JSW CEMENT LIMITED	16,606	121.80	22.96	-4.10%	—	—	-9.78%
Nuvoco Vistas Corporation Limited	12,070	337.95	29.11	6.30%	+10.62% TTM	+51.45% TTM	-15.36%
India Cements Ltd.	10,270	331.40	83.84	0.30%	+5.24% TTM	+851.09% TTM	-16.77%
Star Cement Limited	7,156	177.05	19.54	15.50%	+14.53% TTM	+55.17% TTM	-29.36%
Birla Corporation Ltd.	6,237	810.00	12.46	8.70%	+3.33% TTM	+0.58% TTM	-32.36%
JK Lakshmi Cement Limited	5,959	480.00	19.19	11.60%	+5.17% TTM	-35.85% TTM	-43.64%
PRISM JOHNSON LIMITED.	5,028	99.88	33.91	6.30%	+1.01% TTM	+156.48% TTM	-30.28%
HeidelbergCement India Limited S	2,720	120.05	25.17	12.70%	+6.70% TTM	-16.05% TTM	-38.07%
ORIENT CEMENT LIMITED S	2,492	121.30	12.96	13.30%	-17.66% TTM	-37.32% TTM	-42.92%
Mangalam Cement Ltd. S	2,432	884.40	23.83	11.00%	+0.70% TTM	+32.39% TTM	+16.25%
K.C.P. LTD	2,034	157.75	8.39	11.50%	+6.55% TTM	-16.75% TTM	-21.24%
Sagar Cements Ltd	1,750	133.90	-40.06	2.20%	+11.81% TTM	+73.39% TTM	-41.31%
Shree Digvijay Cement Co. Ltd.	835	56.43	-98.30	5.10%	+32.60% TTM	-122.65% TTM	-37.80%
NCL Industries Limited	737	163.00	7.97	12.30%	+2.74% TTM	+182.96% TTM	-19.07%
Visaka Industries Ltd.	713	82.50	8.30	14.60%	+10.76% TTM	+119.30% TTM	+1.26%
Deccan Cements Ltd.	665	474.60	113.85	4.50%	+39.38% TTM	-70.89% TTM	-54.21%
Saurashtra Cement Limited	540	48.55	80.75	1.50%	+7.86% TTM	-52.15% TTM	-51.26%

Filings & corporate actions

Recent announcements

Intimation regarding Conference Call for Unaudited Financial Results for the Second Quarter and Half Year ended 30th September, 20264 Nov 2026 · Company Update / Analyst / Investor Meet
Star Cement Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/11/2026 ,inter alia, to consider and approve Update on board meeting In continuation ....2 Nov 2026 · Board Meeting / Board Meeting
Star Cement Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/11/2026 ,inter alia, to consider and approve and take on record the Unaudited ....26 Oct 2026 · Board Meeting / Board Meeting
Compliance Certificate under Reg. 74(5) of SEBI (DP) Reg. 20187 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Voting Results along with the Scrutinizer''s Report of the 25th AGM of the Company25 Sep 2026 · AGM/EGM / AGM
Re-appointment of the Managing Directors & Executive Director of the Company at the 25th AGM held on 25th Sept 2026.25 Sep 2026 · Company Update / Change in Directorate
Summary proceeding of the 25th AGM of the company held on 25th Sept 2026.25 Sep 2026 · AGM/EGM / AGM
Intimation of Trading Window Closure is attached.24 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Announcement under Reg 30 of SEBI (LODR) Reg 201523 Sep 2026 · Company Update / General
Intimation regarding participation in the Investors & Analyst Meet in Mumbai.9 Sep 2026 · Company Update / General
Announcement under Reg 30 of SEBI (LODR) Reg 2015 - Newspaper Publication4 Sep 2026 · Company Update / Newspaper Publication
This is with reference to the Annual Report for the FY 2025-26 submitted by the Company on September 3, 2026, pursuant to the applicable listing regulations. We regret to inform you ....4 Sep 2026 · Others / Reg. 34 (1) Annual Report
Communication to the Shareholders about the link of Annual Report for the FY 2025-263 Sep 2026 · Others
Annual Report for the Financial Year 2025-26 is attached.3 Sep 2026 · Others / Reg. 34 (1) Annual Report
Intimation of 25th Annual General Meeting (AGM)of the Company Scheduled to be held on 25th September, 20263 Sep 2026 · AGM/EGM / AGM
Announcement under Reg 30 of SEBI (LODR) Reg, 201527 Aug 2026 · Company Update / General
Investor Presentation26 Aug 2026 · Company Update / Investor Presentation
Newspaper Publication regarding 25th AGM of the Company.25 Aug 2026 · Company Update / Newspaper Publication
Transcript of the Conference Call held on 10th August, 202613 Aug 2026 · Company Update / Earnings Call Transcript
In terms of Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Audio recording of the conference ....10 Aug 2026 · Company Update / Analyst / Investor Meet
Scrutinizer Report Attached10 Aug 2026 · AGM/EGM / Postal Ballot
Outcome of Postal Ballot attached.10 Aug 2026 · AGM/EGM / Postal Ballot
Newspaper Publication - Financial Results for the quarter ended 30th June, 20268 Aug 2026 · Company Update / Newspaper Publication
Intimation of 25th Annual General Meeting scheduled to be held on Friday, 25th September, 2026.7 Aug 2026 · Company Update / General
Intimation of Book closure Date7 Aug 2026 · Corp. Action / Book Closure
Intimation about re-appointment of Managing Directors & Executive Director for a period of 3 years effective from 1st April, 2027 to 31st March, 20307 Aug 2026 · Company Update / Change in Management
Financial results Attached7 Aug 2026 · Result / Financial Results
Outcome of Board Meeting held on 07th August, 2026 is attached.7 Aug 2026 · Board Meeting / Outcome of Board Meeting
Intimation regarding conference call for Un-audited Financial results for the first quarter ended 30th June, 2026 scheduled to be held on 10th August, 2026 at 04:00 PM (IST)4 Aug 2026 · Company Update / Analyst / Investor Meet
Star Cement Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/08/2026 ,inter alia, to consider and approve and take on record the Unaudited ....31 Jul 2026 · Board Meeting / Board Meeting
Announcement under Regulation 30 of SEBI (LODR) Regulation, 201516 Jul 2026 · Company Update / General
Copies of Newspaper Publications regarding the Postal Ballot Notice is attached herewith.10 Jul 2026 · AGM/EGM / Postal Ballot
We hereby attached the Notice of Postal Ballot of the Company.9 Jul 2026 · AGM/EGM / Postal Ballot
Compliance Certificate under Reg 74 (5) of SEBI (DP) Reg, 20189 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of Trading Window24 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Announcement under Reg 30 of SEBI (LODR), Reg 201524 Jun 2026 · Company Update / General
Enclosed herewith the communication disseminated on the social media of the Company relating to re-launch of second 100 days campaign ''Saksham Niveshak'' to enable the shareholders to ....9 Jun 2026 · Company Update / General
Investors Presentation for the 4th Quarter and Year Ended 31st March, 20265 Jun 2026 · Company Update / Investor Presentation
Annual Secretarial Compliance Report under Regulation 24A of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 is enclosed herewith.28 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Earnings Call Transcript for the quarter ended 31 March, 202627 May 2026 · Company Update / Earnings Call Transcript

Corporate actions

Purpose	Ex date	Record date	Payment date
Interim Dividend - Rs. - 1.0000	12 Feb 2026	12 Feb 2026	—
Interim Dividend - Rs. - 1.0000	14 Aug 2025	14 Aug 2025	—

Board meetings

6 Nov 2026 Board Meeting - Financial Results
7 Aug 2026 Board Meeting - Financial Results