Star Cement Ltd

NSE: STARCEMENT BSE: 540575

₹171.54

+1.18 (0.69%)

Fri, 23 Oct 2026, 06:04 am

MTF 5xInvest in Star Cement Ltd with 5x Leverage Buy with MTF

Market Cap (in Cr)6885.21

PE Ratio18.75

Dividend1.17

Non-Energy Minerals

Construction Materials

24.5K

Star Cement Balance Sheet

Income Statement Balance Sheet Cashflow

Particulars	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Interest expense on debt	0	0	-987.77M	-982.66M	-880.02M	-833.68M	-775.23M	-525.17M	-149.50M	-93.37M	-69.89M	-133.40M	-96.95M	-126.01M	-316.23M
Pretax equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total assets	529.55K	495.63K	20.66B	22.09B	21.90B	24.66B	25.82B	26.78B	22.97B	23.67B	25.71B	27.46B	31.35B	36.02B	41.48B
Total current assets	500.00K	466.08K	4.93B	6.56B	7.23B	10.51B	13.76B	14.93B	11.48B	10.59B	12.26B	11.30B	9.97B	7.66B	10.35B
Cash and short term investments	500.00K	464.04K	271.46M	125.86M	203.68M	237.61M	200.80M	197.85M	2.11B	2.84B	4.90B	5.47B	3.12B	973.42M	524.30M
Cash & equivalents	500.00K	45.65K	247.49M	125.86M	203.68M	237.61M	162.99M	186.53M	949.30M	2.41B	2.57B	82.00M	1.22B	478.78M	399.38M
Short term investments	—	418.39K	23.97M	0	0	0	37.81M	11.32M	1.16B	426.75M	2.33B	5.38B	1.90B	494.63M	124.92M
Total receivables, net	—	—	2.68B	2.90B	3.12B	7.44B	10.41B	8.90B	4.19B	4.48B	3.90B	3.00B	1.62B	1.66B	3.72B
Accounts receivable - trade, net	—	—	427.14M	1.10B	3.10B	4.49B	1.38B	1.46B	1.44B	1.22B	1.32B	1.29B	1.05B	1.51B	2.00B
Other receivables	—	—	2.25B	1.80B	19.38M	2.95B	9.04B	7.43B	2.75B	3.26B	2.59B	1.71B	573.93M	152.35M	1.73B
Total inventory	0	0	1.50B	1.75B	1.50B	2.17B	1.65B	3.13B	3.28B	2.82B	2.90B	2.50B	4.79B	4.29B	5.65B
Other current assets, total	0	0	321.06M	1.75B	2.37B	397.93M	577.81M	1.34B	1.87B	384.36M	441.49M	167.79M	358.24M	653.83M	342.55M
Total non-current assets	29.55K	29.55K	15.73B	15.52B	14.68B	14.15B	12.06B	11.85B	11.48B	13.07B	13.45B	16.16B	21.38B	28.37B	31.14B
Long term investments	0	0	2.29B	2.17B	2.22B	2.14B	17.32M	17.26M	37.45M	62.38M	63.05M	1.20B	2.20B	198.60M	200.62M
Note receivable - long term	0	0	2.27B	2.12B	2.12B	2.12B	2.13B	—	—	43.94M	43.64M	—	—	171.06M	154.06M
Investments in unconsolidated subsidiaries	0	0	0	12.83M	0	0	0	0	0	0	0	0	0	0	0
Other investments	0	0	15.29M	37.46M	101.19M	20.77M	17.32M	17.26M	37.45M	18.45M	19.41M	1.20B	2.20B	27.53M	46.55M
Net property/plant/equipment	0	0	12.93B	12.71B	10.69B	9.68B	9.71B	8.66B	8.67B	9.95B	10.11B	11.20B	16.04B	25.38B	27.49B
Gross property/plant/equipment	0	0	15.44B	16.82B	16.52B	17.21B	11.12B	11.37B	12.40B	14.64B	15.69B	17.97B	24.07B	34.73B	40.02B
Deferred tax assets	—	—	61.43M	13.16M	—	3.47M	1.90B	2.43B	2.71B	2.98B	3.20B	3.55B	2.93B	2.40B	2.84B
Net intangible assets	0	0	3.15M	3.10M	1.49M	1.60M	1.57M	2.07M	1.96M	2.41M	3.65M	47.71M	39.81M	50.27M	75.04M
Goodwill, net	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other intangibles, net	0	0	3.15M	3.10M	1.49M	1.60M	1.57M	2.07M	1.96M	2.41M	3.65M	47.71M	39.81M	50.27M	75.04M
Other long term assets, total	0	0	448.18M	621.09M	1.76B	2.32B	26.16M	26.53M	68.42M	75.96M	72.28M	162.20M	172.95M	339.02M	526.24M
Short term debt	0	0	1.64B	3.35B	3.78B	5.55B	4.29B	2.34B	720.60M	139.37M	165.04M	76.44M	305.12M	621.76M	1.03B
Current portion of LT debt and capital leases	0	0	731.08M	1.47B	1.89B	1.91B	1.29B	1.01B	224.89M	35.62M	19.34M	24.54M	0	44.49M	54.94M
Short term debt excl. current portion of LT debt	0	0	911.40M	1.87B	1.89B	3.65B	3.01B	1.33B	495.70M	103.74M	145.70M	51.90M	305.12M	577.26M	973.64M
Accounts payable	—	—	723.16M	1.49B	770.18M	1.40B	937.79M	1.89B	1.25B	957.84M	984.82M	1.15B	2.82B	2.20B	2.33B
Income tax payable	—	—	—	—	—	—	609.49M	1.08B	84.98M	0	25.06M	19.69M	10.94M	36.60M	34.70M
Long term debt	0	0	7.65B	6.57B	5.02B	3.84B	3.72B	1.99B	17.58M	24.38M	16.79M	80.08M	48.38M	847.67M	3.00B
Long term debt excl. lease liabilities	0	0	7.65B	6.54B	4.99B	3.81B	3.68B	1.92B	17.58M	24.38M	16.79M	80.08M	48.38M	847.67M	3.00B
Total equity	492.93K	490.01K	7.94B	9.39B	10.03B	8.70B	12.03B	15.38B	17.92B	19.27B	20.74B	21.68B	24.16B	27.10B	28.79B
Shareholders' equity	492.93K	490.01K	5.40B	6.86B	6.80B	8.17B	11.46B	14.76B	17.24B	18.57B	20.74B	21.68B	24.16B	27.10B	28.79B
Common equity, total	492.93K	490.01K	5.40B	6.86B	6.80B	8.17B	11.46B	14.76B	17.24B	18.57B	20.74B	21.68B	24.16B	27.10B	28.79B
Other common equity	-7.07K	-9.99K	5.40B	2.78B	2.09B	382.00M	384.88M	384.88M	386.63M	393.42M	691.19M	699.79M	699.95M	700.15M	700.22M
Total debt	0	0	9.29B	9.92B	8.80B	9.40B	8.01B	4.32B	738.17M	163.75M	181.84M	156.52M	353.50M	1.47B	4.03B
Net debt	-500.00K	-464.04K	9.02B	9.79B	8.60B	9.16B	7.81B	4.13B	-1.37B	-2.67B	-4.72B	-5.31B	-2.76B	496.01M	3.50B
Change in accounts receivable	—	0	-2.07B	-670.18M	-1.85B	-1.39B	1.16B	-661.75M	28.24M	119.54M	-74.61M	110.21M	220.11M	-475.92M	-518.39M
Change in taxes payable	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	36.62K	-31.00K	—	—	—	744.97M	-331.00M	-145.60M	-635.32M	-296.28M	26.98M	161.13M	1.10B	-577.58M	169.00M
Change in other assets/liabilities	0	-2.04K	550.12M	-16.34M	-148.08M	-1.09B	-2.03B	1.80B	2.68B	1.36B	923.56M	399.58M	49.55M	710.98M	-751.80M
Sale of fixed assets & businesses	0	0	11.06M	31.94M	0	8.92M	0	0	0	4.92M	6.68M	20.82M	24.14M	3.80M	55.18M
Purchase/sale of investments, net	0	0	2.16B	-15.36M	18.84M	0	-29.53M	26.46M	-1.15B	754.85M	-1.91B	-1.22B	2.51B	3.55B	352.38M
Sale/maturity of investments	0	0	2.16B	0	18.84M	0	0	26.46M	0	754.85M	0	396.43M	2.51B	3.55B	352.38M
Purchase of investments	0	0	0	-15.36M	0	0	-29.53M	0	-1.15B	0	-1.91B	-1.62B	0	0	0
Other investing cash flow items, total	0	0	0	0	0	2.75M	0	0	0	0	0	0	0	-30.49M	45.50M
Issuance/retirement of debt, net	0	0	2.23B	409.07M	-1.23B	693.80M	-1.40B	-3.41B	-2.82B	-402.12M	36.41M	-99.34M	207.26M	1.04B	2.59B
Issuance/retirement of long term debt	0	0	2.23B	409.07M	-1.23B	-1.06B	-760.67M	-1.73B	-1.97B	-10.16M	-5.54M	-1.87M	0	721.03M	2.42B
Issuance/retirement of short term debt	0	0	—	—	—	1.75B	-640.94M	-1.68B	-845.62M	-391.96M	41.96M	-97.47M	207.26M	316.23M	169.16M
Issuance/retirement of other debt	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total cash dividends paid	0	0	0	-122.06M	0	0	0	0	-516.13M	-497.20M	0	0	0	0	0
Other financing cash flow items, total	-29.55K	0	0	0	1.84M	0	0	0	0	0	0	0	0	0	0

Particulars	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Interest expense on debt	0	0	-987.77M	-982.66M	-880.02M	-833.68M	-775.23M	-525.17M	-149.50M	-93.37M	-69.89M	-133.40M	-96.95M	-126.01M	-316.23M
Pretax equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total assets	529.55K	495.63K	20.66B	22.09B	21.90B	24.66B	25.82B	26.78B	22.97B	23.67B	25.71B	27.46B	31.35B	36.02B	41.48B
Total current assets	500.00K	466.08K	4.93B	6.56B	7.23B	10.51B	13.76B	14.93B	11.48B	10.59B	12.26B	11.30B	9.97B	7.66B	10.35B
Cash and short term investments	500.00K	464.04K	271.46M	125.86M	203.68M	237.61M	200.80M	197.85M	2.11B	2.84B	4.90B	5.47B	3.12B	973.42M	524.30M
Cash & equivalents	500.00K	45.65K	247.49M	125.86M	203.68M	237.61M	162.99M	186.53M	949.30M	2.41B	2.57B	82.00M	1.22B	478.78M	399.38M
Short term investments	—	418.39K	23.97M	0	0	0	37.81M	11.32M	1.16B	426.75M	2.33B	5.38B	1.90B	494.63M	124.92M
Total receivables, net	—	—	2.68B	2.90B	3.12B	7.44B	10.41B	8.90B	4.19B	4.48B	3.90B	3.00B	1.62B	1.66B	3.72B
Accounts receivable - trade, net	—	—	427.14M	1.10B	3.10B	4.49B	1.38B	1.46B	1.44B	1.22B	1.32B	1.29B	1.05B	1.51B	2.00B
Other receivables	—	—	2.25B	1.80B	19.38M	2.95B	9.04B	7.43B	2.75B	3.26B	2.59B	1.71B	573.93M	152.35M	1.73B
Total inventory	0	0	1.50B	1.75B	1.50B	2.17B	1.65B	3.13B	3.28B	2.82B	2.90B	2.50B	4.79B	4.29B	5.65B
Other current assets, total	0	0	321.06M	1.75B	2.37B	397.93M	577.81M	1.34B	1.87B	384.36M	441.49M	167.79M	358.24M	653.83M	342.55M
Total non-current assets	29.55K	29.55K	15.73B	15.52B	14.68B	14.15B	12.06B	11.85B	11.48B	13.07B	13.45B	16.16B	21.38B	28.37B	31.14B
Long term investments	0	0	2.29B	2.17B	2.22B	2.14B	17.32M	17.26M	37.45M	62.38M	63.05M	1.20B	2.20B	198.60M	200.62M
Note receivable - long term	0	0	2.27B	2.12B	2.12B	2.12B	2.13B	—	—	43.94M	43.64M	—	—	171.06M	154.06M
Investments in unconsolidated subsidiaries	0	0	0	12.83M	0	0	0	0	0	0	0	0	0	0	0
Other investments	0	0	15.29M	37.46M	101.19M	20.77M	17.32M	17.26M	37.45M	18.45M	19.41M	1.20B	2.20B	27.53M	46.55M
Net property/plant/equipment	0	0	12.93B	12.71B	10.69B	9.68B	9.71B	8.66B	8.67B	9.95B	10.11B	11.20B	16.04B	25.38B	27.49B
Gross property/plant/equipment	0	0	15.44B	16.82B	16.52B	17.21B	11.12B	11.37B	12.40B	14.64B	15.69B	17.97B	24.07B	34.73B	40.02B
Deferred tax assets	—	—	61.43M	13.16M	—	3.47M	1.90B	2.43B	2.71B	2.98B	3.20B	3.55B	2.93B	2.40B	2.84B
Net intangible assets	0	0	3.15M	3.10M	1.49M	1.60M	1.57M	2.07M	1.96M	2.41M	3.65M	47.71M	39.81M	50.27M	75.04M
Goodwill, net	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other intangibles, net	0	0	3.15M	3.10M	1.49M	1.60M	1.57M	2.07M	1.96M	2.41M	3.65M	47.71M	39.81M	50.27M	75.04M
Other long term assets, total	0	0	448.18M	621.09M	1.76B	2.32B	26.16M	26.53M	68.42M	75.96M	72.28M	162.20M	172.95M	339.02M	526.24M
Short term debt	0	0	1.64B	3.35B	3.78B	5.55B	4.29B	2.34B	720.60M	139.37M	165.04M	76.44M	305.12M	621.76M	1.03B
Current portion of LT debt and capital leases	0	0	731.08M	1.47B	1.89B	1.91B	1.29B	1.01B	224.89M	35.62M	19.34M	24.54M	0	44.49M	54.94M
Short term debt excl. current portion of LT debt	0	0	911.40M	1.87B	1.89B	3.65B	3.01B	1.33B	495.70M	103.74M	145.70M	51.90M	305.12M	577.26M	973.64M
Accounts payable	—	—	723.16M	1.49B	770.18M	1.40B	937.79M	1.89B	1.25B	957.84M	984.82M	1.15B	2.82B	2.20B	2.33B
Income tax payable	—	—	—	—	—	—	609.49M	1.08B	84.98M	0	25.06M	19.69M	10.94M	36.60M	34.70M
Long term debt	0	0	7.65B	6.57B	5.02B	3.84B	3.72B	1.99B	17.58M	24.38M	16.79M	80.08M	48.38M	847.67M	3.00B
Long term debt excl. lease liabilities	0	0	7.65B	6.54B	4.99B	3.81B	3.68B	1.92B	17.58M	24.38M	16.79M	80.08M	48.38M	847.67M	3.00B
Total equity	492.93K	490.01K	7.94B	9.39B	10.03B	8.70B	12.03B	15.38B	17.92B	19.27B	20.74B	21.68B	24.16B	27.10B	28.79B
Shareholders' equity	492.93K	490.01K	5.40B	6.86B	6.80B	8.17B	11.46B	14.76B	17.24B	18.57B	20.74B	21.68B	24.16B	27.10B	28.79B
Common equity, total	492.93K	490.01K	5.40B	6.86B	6.80B	8.17B	11.46B	14.76B	17.24B	18.57B	20.74B	21.68B	24.16B	27.10B	28.79B
Other common equity	-7.07K	-9.99K	5.40B	2.78B	2.09B	382.00M	384.88M	384.88M	386.63M	393.42M	691.19M	699.79M	699.95M	700.15M	700.22M
Total debt	0	0	9.29B	9.92B	8.80B	9.40B	8.01B	4.32B	738.17M	163.75M	181.84M	156.52M	353.50M	1.47B	4.03B
Net debt	-500.00K	-464.04K	9.02B	9.79B	8.60B	9.16B	7.81B	4.13B	-1.37B	-2.67B	-4.72B	-5.31B	-2.76B	496.01M	3.50B
Change in accounts receivable	—	0	-2.07B	-670.18M	-1.85B	-1.39B	1.16B	-661.75M	28.24M	119.54M	-74.61M	110.21M	220.11M	-475.92M	-518.39M
Change in taxes payable	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	36.62K	-31.00K	—	—	—	744.97M	-331.00M	-145.60M	-635.32M	-296.28M	26.98M	161.13M	1.10B	-577.58M	169.00M
Change in other assets/liabilities	0	-2.04K	550.12M	-16.34M	-148.08M	-1.09B	-2.03B	1.80B	2.68B	1.36B	923.56M	399.58M	49.55M	710.98M	-751.80M
Sale of fixed assets & businesses	0	0	11.06M	31.94M	0	8.92M	0	0	0	4.92M	6.68M	20.82M	24.14M	3.80M	55.18M
Purchase/sale of investments, net	0	0	2.16B	-15.36M	18.84M	0	-29.53M	26.46M	-1.15B	754.85M	-1.91B	-1.22B	2.51B	3.55B	352.38M
Sale/maturity of investments	0	0	2.16B	0	18.84M	0	0	26.46M	0	754.85M	0	396.43M	2.51B	3.55B	352.38M
Purchase of investments	0	0	0	-15.36M	0	0	-29.53M	0	-1.15B	0	-1.91B	-1.62B	0	0	0
Other investing cash flow items, total	0	0	0	0	0	2.75M	0	0	0	0	0	0	0	-30.49M	45.50M
Issuance/retirement of debt, net	0	0	2.23B	409.07M	-1.23B	693.80M	-1.40B	-3.41B	-2.82B	-402.12M	36.41M	-99.34M	207.26M	1.04B	2.59B
Issuance/retirement of long term debt	0	0	2.23B	409.07M	-1.23B	-1.06B	-760.67M	-1.73B	-1.97B	-10.16M	-5.54M	-1.87M	0	721.03M	2.42B
Issuance/retirement of short term debt	0	0	—	—	—	1.75B	-640.94M	-1.68B	-845.62M	-391.96M	41.96M	-97.47M	207.26M	316.23M	169.16M
Issuance/retirement of other debt	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total cash dividends paid	0	0	0	-122.06M	0	0	0	0	-516.13M	-497.20M	0	0	0	0	0
Other financing cash flow items, total	-29.55K	0	0	0	1.84M	0	0	0	0	0	0	0	0	0	0