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STARCEMENT · Star Cement Ltd · Construction - Raw Materials

STARCEMENT · Star Cement Ltd · Construction - Raw Materials

₹180.08+1.9%

As of 05 Nov close

52-week range

52wk low ₹156.252wk high ₹269.6

33.2% below 52-week high

52-week range: as of 05 Nov 2026 close.

Price chartDaily closes on the stock page.

Stock Condition:Pro

Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.

Full signal detail →

Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old

Revenue (latest Q)

₹943 Cr

Revenue YoY

PAT YoY

-24.1%

Operating margin

Revenue, last 8 quarters

P/E (TTM)

P/B

2.3

P/S (TTM)

2.1

Sector P/E

32

Dividend yield

+0.5%

CompanyP/EP/BNet marginROED/EDiv. yield
STARCEMENT (this stock)22.72.3+9.7%+11.6%0.19+0.5%
UltraTech Cement38.85.4+9.3%+11.1%0.31+2.2%
Grasim Industries36.93.2+3.1%+5.5%2.2+0.3%
Ambuja Cements23.32.6+11.2%+7.5%0.01+0.5%

Promoter

stable

FII

stable

MF

2.37% (-0.15pp)

falling 2q

Insider trades

DateInsiderTypeQtyValue
15 Sept 2026Saroj KejriwalSELL1,02,074₹2 Cr
15 Sept 2026ARUSHI KEJRIWALBUY1,50,749₹2.95 Cr
17 Aug 2026Tanishi AgarwalBUY8,000₹16.18 lakh
25 Jun 2026SUMITRA DEVI AGARWAL FAMILY TRUSTBUY72,436₹1.53 Cr
23 Jun 2026MAHABIR PRASAD AGARWAL FAMILY TRUSTBUY54,806₹1.16 Cr
23 Jun 2026SUMITRA DEVI AGARWAL FAMILY TRUSTBUY21,298₹45.03 lakh
19 Jun 2026SUMITRA DEVI AGARWAL FAMILY TRUSTBUY6,805₹14.53 lakh
19 Jun 2026MAHABIR PRASAD AGARWAL FAMILY TRUSTBUY16,381₹34.91 lakh
04 Mar 2026Prem Kumar BhajankaBUY98,407₹2 Cr
20 Feb 2026Prem Kumar BhajankaBUY1,16,966₹2.5 Cr
17 Feb 2026Prem Kumar BhajankaBUY19,86,700₹42.71 Cr
08 Dec 2025Prem Kumar BhajankaBUY27,400₹61.59 lakh
05 Dec 2025Prem Kumar BhajankaBUY17,162₹38.24 lakh

Bulk/block deals

No bulk/block deals in the last 12 months.

News timeline

No related news.

Concalls & investor presentations

AI-generated
Investor presentationMixed26 Aug 2026
View source filing →

Key takeaway: Star Cement Limited's Q1 FY27 investor presentation highlights a 4% YoY increase in cement and clinker sales volume to 13.54 lac tons, though revenue and EBITDA declined by 12% and 16% respectively compared to Q1 FY26. The company reported a 15.9% premium sales share of trade sales, up from 12.2% in Q1 FY26, and a 3% increase in West Bengal market share despite election disruptions. Operational challenges included railway route restrictions affecting supply in the North-East, higher fuel costs due to increased coal reliance, and the Vikram Shila Bridge collapse impacting fly ash costs. The presentation outlined plans to expand capacity to over 1.5x current levels by FY29, with projects in Rajasthan and Haryana funded through internal accruals and debt. Sustainability goals include achieving 60% green energy by FY28 and 20% thermal substitution by FY27. The company also detailed social initiatives, including rural development programs and partnerships with local celebrities for brand promotion. Management noted challenges from liquidity constraints, delayed government fund releases, and regional demand disruptions, but emphasized strategic expansion and sustainability efforts.

The presentation acknowledges both operational challenges and strategic growth initiatives, reflecting a balanced view of current performance and future plans.

Sourced from an exchange-filed presentation, dated 26 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptMixed13 Aug 2026
View source filing →

Key takeaway: Star Cement Limited held its Q1 FY27 earnings conference call on August 10, 2026, where management discussed the company's financial performance for the quarter ended June 30, 2026. The CFO, Manoj Agarwal, reported clinker production of 9.10 lakh tons and cement production of 13.08 lakh tons, with total revenue reaching INR 902 crores, up from INR 847 crores year-on-year. However, EBITDA decreased to INR 203 crores from INR 230 crores, attributed to increased costs and shutdown expenses. Profit after tax was INR 74 crores, down from INR 98 crores in the previous year. Management noted challenges in Q2 due to flooding in Assam, impacting sales volume, and anticipated a potential decline in clinker sales. They also discussed ongoing projects, including a new plant in Rajasthan, and the impact of government policies on incentives and subsidies. The call concluded with management expressing cautious optimism for the second half of the year.

Management reported both growth in revenue and challenges in profitability due to external factors.

Sourced from an exchange-filed transcript, dated 13 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationPositive05 Jun 2026
View source filing →

Key takeaway: The investor presentation for Star Cement Limited for the fourth quarter and year ended March 31, 2026, detailed the company's strong performance, highlighting a 13% year-over-year increase in cement and clinker sales volume. Management reported that the company achieved its highest ever EBITDA for the fourth quarter, amounting to INR 318 crore, a 19% increase from the previous year. The presentation outlined the company's expansion plans, including the commissioning of the Cachar Grinding Unit and future projects in Bihar and Rajasthan, with a total estimated CAPEX of INR 700 crore for FY27. Management emphasized a commitment to sustainability, aiming for a 60% share of green energy by FY28 and maintaining water positivity. The document also noted various social initiatives and awards received by the company, reinforcing its brand presence and community engagement.

Management emphasized strong financial performance and growth initiatives.

Sourced from an exchange-filed presentation, dated 05 Jun 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptNeutral27 May 2026
View source filing →

Key takeaway: The earnings conference call for Star Cement Limited on May 26, 2026, discussed the company's financial results for the fourth quarter and the fiscal year ending March 31, 2026. Management reported clinker production of 11.59 lakh tons and cement production of 16.45 lakh tons for the quarter, with total revenue reaching INR 1,174 crores, up from INR 1,052 crores year-over-year. EBITDA for the quarter was INR 324 crores, and profit after tax was INR 147 crores. For the full year, total revenue was INR 3,776 crores, with an EBITDA of INR 955 crores and profit after tax of INR 390 crores. Management set a goal of 10% to 12% growth in volumes for FY '27 and discussed ongoing expansion plans in Bihar and Haryana. The call also addressed challenges related to fuel costs and competition in the Northeast market.

The management provided a balanced overview of financial performance and future plans without strong emphasis on either growth or challenges.

Sourced from an exchange-filed transcript, dated 27 May 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptPositive11 Feb 2026
View source filing →

Key takeaway: Star Cement Limited held a conference call on February 9, 2026, to discuss its unaudited financial results for the third quarter and nine months ended December 31, 2025. Management reported a clinker production of 8.94 lakh tons and cement production of 12.57 lakh tons for the quarter, reflecting increases from the previous year. Total revenue for the quarter was approximately 880 crores, with an EBITDA of 207 crores, compared to 107 crores in the same period last year. Profit after tax was reported at 243 crores, up from 46 crores year-on-year. Management addressed questions regarding operational impacts from a coal mining incident, freight cost increases, and future capacity expansions, including plans for a new clinker plant in Rajasthan and a grinding unit in Bihar. The management confirmed that the volume guidance for the year remains at 5.3 million tons.

Management highlighted strong financial performance and growth in production and sales.

Sourced from an exchange-filed transcript, dated 11 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.

AI Summary of Annual Report

AI-generated
FY2025-26333 pages

Star Cement Limited's FY2025-26 annual report highlights the company's transformation from asset-building to value extraction through strategic investments and operational improvements. The report emphasizes enhanced production efficiency, expanded market reach, and stronger supply responsiveness due to the commissioning of new manufacturing units and improved capacity utilization. Management expects to advance its pan-India expansion plans in Rajasthan and Haryana, aiming to increase cement capacity to 15 MTPA by FY28-29. Sustainability initiatives, including green energy adoption and water positivity targets, are integral to its growth strategy. The report also underscores the company's commitment to community development and corporate governance.

  • Strategic investments in manufacturing and capacity expansion have led to improved production efficiency and market reach.
  • Planned expansions in Rajasthan and Haryana aim to transition Star Cement from a North-East leader to a pan-India player.
  • Sustainability initiatives, including 60% green energy and 2x water positivity targets, are central to long-term growth.
  • Management has stated a target of community development programs and corporate governance practices as key pillars of the company's strategy.

Key takeaway: Star Cement's FY2025-26 report underscores its strategic focus on expanding manufacturing capacity, enhancing operational efficiency, and integrating sustainability into its growth plans, positioning the company for long-term resilience and market leadership.

The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.

Filed with NSE · 04 Sept 2026View source filing →

Governance disclosures

AI-generated

Needs attention

Auditor Qualification (1 item); Regulatory Action (3 items); Default / Covenant Breach (1 item)

Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.

Auditor Qualification

1 occurrence

Earlier (1-3 years ago)

Annual Report01 Sept 2025 (FY2024-25)
View source filing →

The audit report includes a modified opinion, indicating a qualified, adverse, or disclaimer opinion by the auditor.

Regulatory Action

3 occurrences

Recent (last 12 months)

Annual Report04 Sept 2026 (FY2025-26)· 2 passages
View source filing →

Star Cement Limited received a penalty of 5 lakhs from CCI for alleged cartelization, but the penalty was quashed by the Guwahati High Court. The CCI has filed a Writ Appeal against the court's decision, which is pending hearing.

Earlier (1-3 years ago)

Annual Report01 Sept 2025 (FY2024-25)· 3 passages
View source filing →

Star Cement Limited received a penalty of Rs. 5 lakhs from CCI for alleged cartelization, but the penalty was quashed by the Guwahati High Court on 30.08.2024. CCI has appealed against this decision, and the appeal is pending.

Older (3+ years ago)

Annual Report05 Sept 2023 (FY2022-23)· 2 passages
View source filing →

Star Cement Limited received a penalty of 5 Lakhs from CCI for alleged cartelisation and is contesting the penalty and investigation through Writ Petitions in Guwahati High Court, with cases sub-judice.

Default / Covenant Breach

1 occurrence

Recent (last 12 months)

Annual Report04 Sept 2026 (FY2025-26)· 3 passages
View source filing →

The company has an outstanding statutory dues of Rs.58.76 lakhs for Royalty & cess on boulder, which have been outstanding for more than six months from the date they became payable.

Routine disclosures

Contingent Liability

3 occurrences

Recent (last 12 months)

Annual Report04 Sept 2026 (FY2025-26)· 11 passages
View source filing →

The company is exposed to litigation and claims due to operating in various states with complex regulatory environments, leading to inherent risks of litigations and claims.

Earlier (1-3 years ago)

Annual Report01 Sept 2025 (FY2024-25)· 14 passages
View source filing →

The company has disclosed significant pending legal cases and other material contingent liabilities as of March 31, 2025, as referenced in Note 45 to the Standalone financial statements.

Older (3+ years ago)

Annual Report05 Sept 2023 (FY2022-23)· 12 passages
View source filing →

Star Cement Limited has a contingent liability of ₹609.82 Lakhs in demand and ₹1,552.61 Lakhs in penal interest related to royalty & Cess on mineral products, which the company contests as not tenable.

Related-Party Transaction

3 occurrences

Recent (last 12 months)

Annual Report04 Sept 2026 (FY2025-26)· 2 passages
View source filing →

Star Cement Limited has related party transactions with Century Plyboards (India) Limited (CPIL), which is an entity controlled, jointly controlled, or significantly influenced by Key Managerial Personnel or close associates.

Earlier (1-3 years ago)

Annual Report01 Sept 2025 (FY2024-25)· 10 passages
View source filing →

The company has disclosed transactions with entities controlled or significantly influenced by Key Management Personnel (KMP) or their close family members, including Rahul Chamaria HUF, Rajendra Udyog (HUF), and Mrs. Renu Chamaria, as noted in the financial statements.

Older (3+ years ago)

Annual Report05 Sept 2023 (FY2022-23)· 5 passages
View source filing →

The company has disclosed 48 related party transactions, including loans, advances, investments, and remuneration paid to key managerial personnel and their close family members, as well as transactions with entities controlled or influenced by them.

Statutory dues in dispute

2 occurrences

Earlier (1-3 years ago)

Annual Report01 Sept 2025 (FY2024-25)Disputed tax/statutory dues under appeal, not a loan default
View source filing →

The company has outstanding statutory dues for Income Tax for A.Y 2017-18 and 2018-19 pending at the National Faceless Appeal Centre (NFAC), New Delhi, and Excise Duty disputes under the Central Excise Act, 1944 for F.Y. 2009-10 to 2013-14 at the Customs, Excise and Service Tax Appellate Tribunal.

Older (3+ years ago)

Annual Report05 Sept 2023 (FY2022-23)Disputed tax/statutory dues under appeal, not a loan default
View source filing →

The company has statutory dues pending for various years under different acts, with disputes pending before authorities such as the National Faceless Appeal Centre and the Hon'ble High Court of Meghalaya, involving amounts in lakhs.

Management & Board Governance

1 occurrence

Earlier (1-3 years ago)

Annual Report01 Sept 2025 (FY2024-25)· 2 passages
View source filing →

Mr. Rajendra Chamaria, Vice Chairman & Managing Director of the Company resigned w.e.f. close of business hours of 27th January, 2025.

Promoter Share Pledge

1 occurrence

Recent (last 12 months)

Structured Filing Data (NSE Pledge Disclosure)18 Jul 2026

6.61% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).

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