Star Cement Key Ratios
NSE: STARCEMENT | BSE: 540575
₹187.79
As on 28-Aug-2026IST
Market cap
₹7,591 Cr
Revenue (TTM)
₹3,807 Cr
P/E Ratio
20.5
P/B Ratio
2.3
Div. Yield
0.5 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -19.66 | 3.39 | 14.53 | 10.79 | 14.45 |
| EBIT | -52.37 | -27.94 | 53.31 | 15.88 | 14.91 |
| Net Profit | -50.92 | -24.11 | 59.90 | 11.42 | 15.43 |
| EPS | -49.55 | -24.11 | 56.37 | 10.59 | 12.24 |
| Book Value | -- | -- | 6.24 | 9.91 | 9.61 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-25 | Mar-24 |
| EBIT-Margin
| 5.16 | 11.70 | 13.94 | 7.79 | 14.08 |
| Net Margin
| 3.54 | 9.20 | 9.55 | 5.32 | 10.05 |
| Return on equity
| 7.45 | 9.90 | 12.20 | 6.04 | 11.51 |
| Return on Capital
| 12.08 | 12.86 | -- | 8.42 | 16.51 |
| Return on Assets
| 5.59 | 8.41 | 8.37 | 4.67 | 9.51 |
| Debt to Equity (x)
| -- | -- | 0.15 | 0.14 | 0.05 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Star Cement
|
--
|
8.42
|
16.51
|
16.87
|
12.06
|
|
Peer Median
|
--
|
13.42
|
--
|
12.06
|
--
|
ROE
12.20
Higher than Peers by 5.57
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Star Cement
|
12.20
|
6.04
|
11.51
|
10.80
|
11.63
|
|
Peer Median
|
6.63
|
11.48
|
--
|
13.80
|
--
|
ROA
8.37
Higher than Peers by 4.59
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Star Cement
|
8.37
|
4.67
|
9.51
|
9.26
|
10.19
|
|
Peer Median
|
3.77
|
4.41
|
--
|
6.29
|
--
|
EBIT Margin
13.94
Higher than Peers by 5.67
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Star Cement
|
13.94
|
7.79
|
14.08
|
12.47
|
10.06
|
|
Peer Median
|
8.26
|
7.35
|
--
|
6.80
|
--
|
Net Margin
9.55
Higher than Peers by 3.79
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Star Cement
|
9.55
|
5.32
|
10.05
|
8.98
|
10.94
|
|
Peer Median
|
5.77
|
6.22
|
--
|
8.70
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Star Cement
|
--
|
14.19
|
13.70
|
12.79
|
15.20
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
14.53
Higher than Peers by 8.71
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Star Cement
|
14.53
|
8.68
|
7.61
|
21.74
|
29.18
|
|
Peer Median
|
5.82
|
-4.04
|
--
|
11.71
|
--
|
EBIT Growth
53.31
Higher than Peers by 35.09
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Star Cement
|
53.31
|
-39.82
|
21.48
|
50.83
|
-7.83
|
|
Peer Median
|
18.22
|
-29.24
|
--
|
-53.07
|
--
|
Net Profit Growth
59.90
Higher than Peers by 44.08
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Star Cement
|
59.90
|
-42.79
|
19.19
|
0.34
|
31.87
|
|
Peer Median
|
15.82
|
-30.83
|
--
|
-57.22
|
--
|
EPS Growth
56.37
Higher than Peers by 40.91
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Star Cement
|
56.37
|
-42.73
|
19.19
|
0.34
|
34.56
|
|
Peer Median
|
15.46
|
-34.21
|
--
|
-53.33
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Star Cement
|
--
|
6.24
|
12.16
|
11.43
|
4.55
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.15
Lower than Peers by 0.04
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Star Cement
|
0.15
|
0.14
|
0.05
|
0.01
|
0.00
|
|
Peer Median
|
0.20
|
0.48
|
--
|
0.56
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Star Cement
|
--
|
0.03
|
0.02
|
0.01
|
0.00
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.31
Higher than Peers by 0.28
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Star Cement
|
1.31
|
1.15
|
0.98
|
1.44
|
2.33
|
|
Peer Median
|
1.02
|
1.07
|
--
|
0.98
|
--
|
Quick Ratio
0.80
Higher than Peers by 0.13
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Star Cement
|
0.80
|
0.66
|
0.55
|
0.90
|
1.87
|
|
Peer Median
|
0.67
|
0.75
|
--
|
0.77
|
--
|
Interest Coverage
10.92
Higher than Peers by 7.15
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Star Cement
|
10.92
|
8.14
|
34.61
|
40.16
|
19.26
|
|
Peer Median
|
3.77
|
3.68
|
--
|
5.40
|
--
|
Operating Efficiency
Debtors to sales
6.35
Higher than Peers by 0.08
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Star Cement
|
6.35
|
6.31
|
5.18
|
3.87
|
5.79
|
|
Peer Median
|
6.26
|
6.37
|
--
|
5.76
|
--
|
Asset Turnover
0.87
Higher than Peers by 0.18
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Star Cement
|
0.87
|
0.98
|
1.04
|
1.11
|
1.00
|
|
Peer Median
|
0.69
|
0.66
|
--
|
0.69
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Star Cement
|
--
|
18.12
|
14.46
|
14.39
|
19.62
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Star Cement
|
--
|
40.42
|
40.13
|
35.10
|
32.38
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Star Cement
|
--
|
161.03
|
195.49
|
271.93
|
99.37
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Star Cement
|
--
|
-102.49
|
-140.90
|
-222.44
|
-47.37
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
20.53
Lower than Peers by 11.48
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Star Cement
|
20.53
|
51.42
|
30.99
|
18.25
|
14.68
|
|
Peer Median
|
32.02
|
53.29
|
--
|
52.36
|
--
|
Price / Book Value
2.32
Higher than Peers by 0.42
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Star Cement
|
2.32
|
3.02
|
3.37
|
1.87
|
1.67
|
|
Peer Median
|
1.91
|
2.57
|
--
|
2.19
|
--
|
Dividend Yield
0.53
Higher than Peers by 0.15
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Star Cement
|
0.53
|
--
|
--
|
--
|
--
|
|
Peer Median
|
0.39
|
0.24
|
--
|
0.48
|
--
|
EV/EBITDA
8.68
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Star Cement
|
8.68
|
15.32
|
15.75
|
8.13
|
8.56
|
|
Peer Median
|
--
|
22.85
|
--
|
18.66
|
--
|
Market Cap
7,591
Lower than Peers by 3,999
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Star Cement
|
7,591
|
8,690
|
9,144
|
4,519
|
3,621
|
|
Peer Median
|
11,590
|
10,274
|
--
|
7,549
|
--
|