Balance Sheet Star Cement Limited

Equities

STARCEMENT

INE460H01021

Construction Materials

Delayed Bombay S.E. Other stock markets 01:38:15 13/09/2024 pm IST			5-day change	1st Jan Change
208.10 ^INR	+0.07%		-5.15%	+18.07%

06/09	Star Cement Forms New Wholly-Owned Subsidiary	MT
06/09	Star Cement Limited Announces Incorporation of A Wholly Owned Subsidiary Company	CI

e9741309.J1V7C5wv3KJUX8aDH5Y6TKkJCkB_nK0Y33ggMr5hhbA.dWcoW_ofg8slaZLCcON5Nec_PAcq-ctTrjtBC9oKz4NWYw9S81_vzDw3jw

Published financial data: STAR CEMENT LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	18.44B	17.2B	22.22B	27.05B	29.11B
Other Revenues, Total	-	-	-	-	17.33M
Total Revenues	18.44B	17.2B	22.22B	27.05B	29.12B
Cost of Goods Sold, Total	4.22B	4.29B	6.17B	12.38B	10.39B
Gross Profit	14.22B	12.91B	16.05B	14.66B	18.74B
Selling General & Admin Expenses, Total	1.62B	1.53B	2.15B	7.52B	7.61B
Depreciation & Amortization - (IS)	930M	900M	1.22B	1.31B	1.47B
Other Operating Expenses	8.65B	8.05B	10.45B	2.45B	3.02B
Other Operating Expenses, Total	11.2B	10.48B	13.81B	11.28B	12.1B
Operating Income	3.02B	2.43B	2.24B	3.38B	6.63B
Interest Expense, Total	-75.87M	-52.08M	-66.99M	-78.53M	-108M
Interest And Investment Income	284M	273M	331M	433M	199M
Net Interest Expenses	208M	220M	264M	355M	90.81M
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	-12.67M	-8.82M	-64.71M	900K	-2.54B
EBT, Excl. Unusual Items	3.22B	2.64B	2.44B	3.74B	4.19B
Gain (Loss) On Sale Of Investments	-1.46M	653K	777K	676K	1.15M
Other Unusual Items	-	-646M	-	56.53M	47.08M
EBT, Incl. Unusual Items	3.22B	1.99B	2.44B	3.8B	4.24B
Income Tax Expense	342M	121M	-31.21M	1.32B	1.28B
Earnings From Continuing Operations	2.87B	1.87B	2.47B	2.48B	2.95B
Net Income to Company	2.87B	1.87B	2.47B	2.48B	2.95B
Minority Interest	-17.54M	-	-	-	-
Net Income - (IS)	2.86B	1.87B	2.47B	2.48B	2.95B
Net Income to Common Incl Extra Items	2.86B	1.87B	2.47B	2.48B	2.95B
Net Income to Common Excl. Extra Items	2.86B	1.87B	2.47B	2.48B	2.95B
Per Share Items
Net EPS - Basic	6.85	4.54	6.04	6.13	7.3
Basic EPS - Continuing Operations	6.85	4.54	6.04	6.13	7.3
Basic Weighted Average Shares Outstanding	417M	412M	409M	404M	404M
Net EPS - Diluted	6.85	4.54	6.04	6.13	7.3
Diluted EPS - Continuing Operations	6.85	4.54	6.04	6.13	7.3
Diluted Weighted Average Shares Outstanding	417M	412M	409M	404M	404M
Normalized Basic EPS	4.78	4	3.73	5.78	6.48
Normalized Diluted EPS	4.78	4	3.73	5.78	6.48
Dividend Per Share	1	-	-	-	-
Payout Ratio	14.44	-	-	-	-
Supplemental Items
EBITDA	3.94B	3.31B	3.43B	4.66B	8.03B
EBITA	3.02B	2.43B	2.24B	3.38B	6.63B
EBIT	3.02B	2.43B	2.24B	3.38B	6.63B
EBITDAR	-	-	3.46B	4.68B	8.06B
Total Revenues (As Reported)	18.73B	17.48B	22.55B	27.57B	29.37B
Effective Tax Rate - (Ratio)	10.64	6.09	-1.28	34.78	30.33
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	534M	341M	25.24M	672M	786M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-192M	-220M	-56.21M	724M	557M
Normalized Net Income	1.99B	1.65B	1.52B	2.34B	2.62B
Interest Capitalized	-	-	-	19.17M	17.89M
Interest on Long-Term Debt	2.8M	3.24M	5.11M	6.3M	14.34M
Non-Cash Pension Expense	2.28M	3.7M	2.77M	531K	2.86M
Supplemental Operating Expense Items
Advertising Expense	353M	219M	518M	468M	543M
Selling and Marketing Expenses	353M	219M	518M	5.54B	5.44B
Research And Development Expense From Footnotes	6.46M	4.51M	5.23M	2.27M	37K
Net Rental Expense, Total	-	-	37.18M	27.25M	25.86M
Imputed Operating Lease Interest Expense	-	-	118M	83.53M	28.64M
Imputed Operating Lease Depreciation	-	-	-80.61M	-56.28M	-2.78M
Maintenance & Repair Expenses, Total	203M	256M	435M	556M	206M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	2.41B	2.57B	80.76M	1.22B	478M
Short Term Investments	400M	2.3B	5.37B	1.9B	495M
Total Cash And Short Term Investments	2.81B	4.87B	5.45B	3.12B	973M
Accounts Receivable, Total	1.22B	1.32B	1.29B	1.05B	1.51B
Other Receivables	2.8B	2.14B	1.36B	389M	98.97M
Notes Receivable	449M	431M	341M	173M	32.5M
Total Receivables	4.47B	3.89B	2.99B	1.61B	1.64B
Inventory	2.57B	2.35B	1.95B	4.79B	4.29B
Prepaid Expenses	70.64M	115M	94.94M	89.65M	82.32M
Other Current Assets, Total	656M	1.04B	813M	371M	676M
Total Current Assets	10.58B	12.26B	11.3B	9.97B	7.66B
Gross Property Plant And Equipment	14.04B	15.11B	17.11B	22.5B	33.8B
Accumulated Depreciation	-4.7B	-5.62B	-6.83B	-8.12B	-9.47B
Net Property Plant And Equipment	9.33B	9.49B	10.28B	14.38B	24.32B
Long-term Investments	15.81M	16.62M	1.18B	2.17B	27.38M
Other Intangibles, Total	2.41M	3.66M	47.71M	39.81M	50.27M
Loans Receivable Long-Term	44.59M	43.64M	-	-	171M
Deferred Tax Assets Long-Term	2.89B	3.11B	3.54B	2.89B	2.4B
Deferred Charges Long-Term	42K	42K	42K	-	-
Other Long-Term Assets, Total	715M	694M	1.11B	1.86B	1.39B
Total Assets	23.58B	25.62B	27.45B	31.31B	36.02B
Liabilities
Accounts Payable, Total	958M	985M	1.15B	2.82B	2.2B
Accrued Expenses, Total	442M	1.48B	2.26B	1.43B	1.97B
Short-term Borrowings	104M	146M	51.9M	261M	577M
Current Portion of Long-Term Debt	22.44M	5.54M	1.87M	-	-
Current Portion of Leases	13.18M	13.8M	22.66M	44.09M	44.49M
Current Income Taxes Payable	-	25.06M	19.69M	10.94M	36.6M
Unearned Revenue Current, Total	25.41M	20.31M	16.71M	15M	10.89M
Other Current Liabilities	1.47B	740M	507M	706M	2.97B
Total Current Liabilities	3.04B	3.41B	4.03B	5.28B	7.81B
Long-Term Debt	7.42M	1.87M	-	-	721M
Long-Term Leases	16.96M	14.92M	80.08M	48.38M	127M
Unearned Revenue Non Current	126M	106M	87.71M	72.72M	133M
Pension & Other Post Retirement Benefits	43.47M	52.32M	15.7M	22.52M	63.5M
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	1.08B	1.29B	1.56B	1.72B	68.28M
Total Liabilities	4.31B	4.88B	5.77B	7.15B	8.92B
Common Stock, Total	412M	412M	404M	404M	404M
Retained Earnings	18.08B	19.96B	20.9B	23.38B	26.32B
Comprehensive Income and Other	74.64M	372M	381M	381M	381M
Total Common Equity	18.57B	20.74B	21.68B	24.16B	27.1B
Minority Interest	701M	-	-	-	-
Total Equity	19.27B	20.74B	21.68B	24.16B	27.1B
Total Liabilities And Equity	23.58B	25.62B	27.45B	31.31B	36.02B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	412M	412M	404M	404M	404M
ECS Total Common Shares Outstanding	412M	412M	404M	404M	404M
Book Value / Share	45.03	50.29	53.65	59.78	67.05
Tangible Book Value	18.57B	20.74B	21.64B	24.12B	27.05B
Tangible Book Value Per Share	45.02	50.28	53.53	59.69	66.93
Total Debt	164M	182M	157M	354M	1.47B
Net Debt	-2.65B	-4.69B	-5.3B	-2.76B	497M
Debt Equivalent of Unfunded Proj. Benefit Obligation	52.14M	61.24M	27.45M	33.16M	79.49M
Debt Equivalent Oper. Leases	-	-	297M	218M	207M
Minority Interest, Total (Incl. Fin. Div)	701M	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	383M	446M	473M	548M	545M
Inventories - Work In Process, Total	32.5M	20.51M	29.79M	25.93M	148M
Inventories - Finished Goods, Total	454M	608M	314M	496M	208M
Inventories - Others	1.7B	1.27B	1.14B	2.67B	2.45B
Land - (BS)	981M	1.09B	1.35B	1.16B	1.94B
Buildings, Total	2.22B	2.63B	3.21B	3.52B	4.14B
Machinery, Total	8.07B	9.68B	10.96B	11.22B	16.37B
Full Time Employees	696	703	827	861	855
Accumulated Allowance for Doubtful Accounts (Supple)	14.94M	13.21M	14.86M	35.33M	50.38M

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	2.86B	1.87B	2.47B	2.48B	2.95B
Depreciation & Amortization - CF	930M	900M	1.21B	1.3B	1.45B
Depreciation & Amortization, Total	930M	900M	1.21B	1.3B	1.45B
Amortization of Deferred Charges, Total - (CF)	-	-	1.61M	12.95M	17.25M
(Gain) Loss From Sale Of Asset	-105K	7.19M	444K	-183K	11.5M
(Gain) Loss on Sale of Investments - (CF)	1.46M	-815K	-1.13M	-676K	-1.15M
Provision and Write-off of Bad Debts	243K	-1.73M	1.65M	20.47M	15.05M
Other Operating Activities, Total	-339M	-351M	-579M	362M	406M
Change In Accounts Receivable	218M	-93.39M	28.2M	220M	-476M
Change In Inventories	203M	222M	394M	-1.79B	383M
Change In Accounts Payable	-296M	26.98M	161M	1.1B	-578M
Change in Other Net Operating Assets	1.26B	942M	482M	49.54M	719M
Cash from Operations	4.83B	3.52B	4.17B	3.75B	4.9B
Capital Expenditure	-2.27B	-1.07B	-1.99B	-5.72B	-10.36B
Sale of Property, Plant, and Equipment	-	6.68M	20.82M	24.14M	3.8M
Cash Acquisitions	-	-403M	-	-	-
Investment in Marketable and Equity Securities, Total	755M	-1.91B	-1.22B	2.51B	3.55B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-30.49M
Other Investing Activities, Total	161M	46.63M	308M	466M	343M
Cash from Investing	-1.36B	-3.33B	-2.89B	-2.72B	-6.5B
Short Term Debt Issued, Total	-	41.96M	-	207M	316M
Long-Term Debt Issued, Total	2.72M	-	-	-	721M
Total Debt Issued	2.72M	41.96M	-	207M	1.04B
Short Term Debt Repaid, Total	-392M	-	-97.47M	-	-
Long-Term Debt Repaid, Total	-10.16M	-9.09M	-6.61M	-10.28M	-65.31M
Total Debt Repaid	-402M	-9.09M	-104M	-10.28M	-65.31M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-1.02B	-	-1.52B	-	-
Common Dividends Paid	-412M	-	-	-	-
Common & Preferred Stock Dividends Paid	-412M	-	-	-	-
Other Financing Activities, Total	-181M	-66.34M	-129M	-96.95M	-107M
Cash from Financing	-2.01B	-33.47M	-1.76B	100M	865M
Miscellaneous Cash Flow Adjustments	-	-	-	1K	-
Net Change in Cash	1.46B	159M	-474M	1.14B	-738M
Supplemental Items
Cash Interest Paid	96.09M	66.34M	129M	96.95M	107M
Cash Income Tax Paid (Refund)	590M	304M	350M	677M	762M
Levered Free Cash Flow	1.86B	2.06B	2.97B	-2.34B	-4.1B
Unlevered Free Cash Flow	1.9B	2.09B	3.01B	-2.29B	-4.04B
Change In Net Working Capital	-1.36B	-747M	-2.4B	-4.44M	-717M
Net Debt Issued / Repaid	-399M	32.87M	-104M	197M	972M

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	8.11	6.16	5.27	7.2	12.31
Return on Total Capital	9.91	7.51	6.54	9.12	15.62
Return On Equity %	15.45	9.35	11.63	10.8	11.51
Return on Common Equity	15.95	9.52	11.63	10.8	11.51
Margin Analysis
Gross Profit Margin %	77.1	75.07	72.23	54.21	64.33
SG&A Margin	8.78	8.91	9.67	27.81	26.14
EBITDA Margin %	21.35	19.22	15.42	17.22	27.58
EBITA Margin %	16.39	14.11	10.06	12.51	22.77
EBIT Margin %	16.39	14.11	10.06	12.51	22.77
Income From Continuing Operations Margin %	15.58	10.88	11.11	9.15	10.13
Net Income Margin %	15.49	10.88	11.11	9.15	10.13
Net Avail. For Common Margin %	15.49	10.88	11.11	9.15	10.13
Normalized Net Income Margin	10.81	9.59	6.85	8.64	8.99
Levered Free Cash Flow Margin	10.06	11.95	13.38	-8.64	-14.09
Unlevered Free Cash Flow Margin	10.32	12.14	13.57	-8.46	-13.86
Asset Turnover
Asset Turnover	0.79	0.7	0.84	0.92	0.87
Fixed Assets Turnover	2.13	1.83	2.25	2.19	1.51
Receivables Turnover (Average Receivables)	13.86	13.55	17.06	23.17	22.79
Inventory Turnover (Average Inventory)	1.58	1.74	2.87	3.37	2.29
Short Term Liquidity
Current Ratio