Star Cement Ltd Share Price ₹219 | P/E 23.3

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Star Cement Ltd

Quarter-by-quarter operating performance

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales +	829	760	585	651	914	751	642	719	1,052	912	811	880	1,174
Expenses +	663	631	487	503	734	635	546	615	789	684	621	678	858
Operating Profit	166	129	99	149	180	116	96	104	263	228	190	202	315
OPM %	20%	17%	17%	23%	20%	15%	15%	14%	25%	25%	23%	23%	27%
Other Income +	13	9	6	4	8	1	2	3	5	2	3	-1	3
Interest	1	2	3	3	4	6	7	10	9	10	11	12	13
Depreciation	35	32	36	37	42	73	83	89	88	85	90	91	99
Profit before tax	143	104	65	113	141	39	8	8	171	135	92	99	207
Tax %	33%	10%	38%	35%	38%	21%	25%	-19%	28%	27%	23%	25%	29%
Net Profit +	96	93	41	74	88	31	6	9	123	98	71	74	147
EPS in Rs	2.38	2.31	1.01	1.82	2.17	0.77	0.14	0.22	3.05	2.44	1.78	1.85	3.66

Financials of Star Cement Ltd

Annual income statement trend

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales +	1,430	1,715	1,528	1,615	1,831	1,843	1,720	2,222	2,705	2,911	3,163	3,776
Expenses +	994	1,316	1,119	1,093	1,382	1,449	1,387	1,877	2,236	2,353	2,585	2,841
Operating Profit	436	399	408	521	449	394	333	345	468	557	579	936
OPM %	31%	23%	27%	32%	25%	21%	19%	16%	17%	19%	18%	25%
Other Income +	1	1	2	4	5	29	-36	33	52	25	10	8
Interest	87	83	78	52	14	9	7	13	10	13	32	46
Depreciation	224	171	118	121	106	93	90	122	131	147	332	365
Profit before tax	126	145	215	353	335	322	199	244	380	424	226	532
Tax %	4%	4%	6%	5%	9%	11%	6%	-1%	35%	30%	25%	27%
Net Profit +	121	139	195	336	305	287	187	247	248	295	169	390
EPS in Rs	28.30	3.20	4.64	7.89	7.13	6.92	4.54	6.11	6.13	7.30	4.18	9.73
Dividend Payout %	28%	0%	0%	13%	0%	14%	0%	0%	0%	0%	0%	0%

Financials of Star Cement Ltd

Capital structure and asset base

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	42	42	42	42	42	41	41	40	40	40	40	40
Reserves	879	1,013	1,104	1,434	1,682	1,816	2,033	2,128	2,376	2,670	2,839	3,151
Borrowings +	880	940	801	432	74	13	18	16	35	147	403	603
Other Liabilities +	388	471	534	597	499	488	470	561	680	745	825	852
Total Liabilities	2,190	2,466	2,480	2,506	2,297	2,358	2,562	2,745	3,131	3,602	4,107	4,647
Fixed Assets +	1,028	919	863	785	722	696	823	923	891	1,416	2,421	2,612
CWIP	41	49	55	36	74	238	127	109	551	1,022	220	95
Investments	2	2	1	1	2	2	2	167	173	2	2	258
Other Assets +	1,119	1,496	1,561	1,684	1,498	1,423	1,611	1,545	1,517	1,163	1,464	1,682
Total Assets	2,190	2,466	2,480	2,506	2,297	2,358	2,562	2,745	3,131	3,602	4,107	4,647

Financials of Star Cement Ltd

Operating, investing and financing cash movement

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	262	97	300	421	616	483	350	417	358	490	296	765
Cash from Investing Activity +	-41	-79	-89	-25	-193	-136	-333	-289	-255	-650	-529	-843
Cash from Financing Activity +	-210	-14	-218	-393	-348	-201	-3	-176	10	86	224	52
Net Cash Flow	11	4	-7	2	76	146	14	-47	114	-74	-8	-27
Free Cash Flow	218	16	211	388	536	256	243	220	-211	-546	-279	278
CFO/OP	65%	31%	80%	93%	150%	135%	114%	131%	91%	102%	63%	93%

Financials of Star Cement Ltd

Working capital efficiency and return ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	79	96	33	33	29	24	28	21	14	19	23	23
Inventory Days	174	221	173	356	232	233	212	124	400	255	314	343
Days Payable	122	148	101	228	105	87	89	135	297	166	164	189
Cash Conversion Cycle	130	168	105	161	156	171	151	10	117	107	173	177
Working Capital Days	20	34	136	162	109	93	87	30	-1	-14	10	15
ROCE %	12%	12%	14%	20%	18%	17%	13%	12%	17%	16%	8%	17%