Income Statement Star Cement Limited

Equities

STARCEMENT

INE460H01021

Construction Materials

Delayed Bombay S.E. Other stock markets 01:49:23 13/09/2024 pm IST			5-day change	1st Jan Change
208.15 ^INR	+0.10%		-5.13%	+18.10%

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

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Published financial data: STAR CEMENT LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	1.84TCr	1.72TCr	2.22TCr	2.7TCr	2.91TCr
Other Revenues, Total	-	-	-	-	1.73Cr
Total Revenues	1.84TCr	1.72TCr	2.22TCr	2.7TCr	2.91TCr
Cost of Goods Sold, Total	422.18Cr	428.84Cr	617.07Cr	1.24TCr	1.04TCr
Gross Profit	1.42TCr	1.29TCr	1.6TCr	1.47TCr	1.87TCr
Selling General & Admin Expenses, Total	161.85Cr	153.26Cr	214.89Cr	752.16Cr	761.38Cr
Depreciation & Amortization - (IS)	93Cr	90Cr	121.63Cr	131.11Cr	146.6Cr
Other Operating Expenses	864.74Cr	805.23Cr	1.04TCr	244.72Cr	302.38Cr
Other Operating Expenses, Total	1.12TCr	1.05TCr	1.38TCr	1.13TCr	1.21TCr
Operating Income	302.13Cr	242.61Cr	223.62Cr	338.36Cr	663.2Cr
Interest Expense, Total	-7.59Cr	-5.21Cr	-6.7Cr	-7.85Cr	-11Cr
Interest And Investment Income	28Cr	27Cr	33Cr	43Cr	20Cr
Net Interest Expenses	21Cr	22Cr	26Cr	35Cr	9.08Cr
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	-1.27Cr	-88.25L	-6.47Cr	9L	-253.53Cr
EBT, Excl. Unusual Items	321.66Cr	263.77Cr	243.58Cr	373.95Cr	418.76Cr
Gain (Loss) On Sale Of Investments	-14.57L	7L	8L	7L	11.53L
Other Unusual Items	-	-65Cr	-	5.65Cr	4.71Cr
EBT, Incl. Unusual Items	321.52Cr	199.26Cr	243.65Cr	379.67Cr	423.58Cr
Income Tax Expense	34Cr	12Cr	-3.12Cr	132.06Cr	128.47Cr
Earnings From Continuing Operations	287.3Cr	187.13Cr	246.77Cr	247.6Cr	295.11Cr
Net Income to Company	287.3Cr	187.13Cr	246.77Cr	247.6Cr	295.11Cr
Minority Interest	-1.75Cr	-	-	-	-
Net Income - (IS)	285.55Cr	187.13Cr	246.77Cr	247.6Cr	295.11Cr
Net Income to Common Incl Extra Items	285.55Cr	187.13Cr	246.77Cr	247.6Cr	295.11Cr
Net Income to Common Excl. Extra Items	285.55Cr	187.13Cr	246.77Cr	247.6Cr	295.11Cr
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	42Cr	41Cr	41Cr	40Cr	40Cr
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	42Cr	41Cr	41Cr	40Cr	40Cr
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	393.64Cr	330.55Cr	342.51Cr	465.66Cr	803.27Cr
EBITA	302.13Cr	242.61Cr	223.62Cr	338.36Cr	663.2Cr
EBIT	302.13Cr	242.61Cr	223.62Cr	338.36Cr	663.2Cr
EBITDAR	-	-	346.22Cr	468.39Cr	805.85Cr
Total Revenues (As Reported)	1.87TCr	1.75TCr	2.26TCr	2.76TCr	2.94TCr
Effective Tax Rate - (Ratio)	10.64	6.09	-1.28	34.78	30.33
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	53Cr	34Cr	2.52Cr	67Cr	79Cr
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-19Cr	-22Cr	-5.62Cr	72Cr	56Cr
Normalized Net Income	199.29Cr	164.86Cr	152.23Cr	233.72Cr	261.72Cr
Interest Capitalized	-	-	-	1.92Cr	1.79Cr
Interest on Long-Term Debt	28.03L	32.45L	51.1L	62.97L	1.43Cr
Non-Cash Pension Expense	22.82L	37.01L	27.73L	5L	28.57L
Supplemental Operating Expense Items
Advertising Expense	35Cr	22Cr	52Cr	47Cr	54Cr
Selling and Marketing Expenses	35Cr	22Cr	52Cr	553.57Cr	544Cr
Research And Development Expense From Footnotes	64.62L	45.06L	52.31L	22.74L	37T
Net Rental Expense, Total	-	-	3.72Cr	2.73Cr	2.59Cr
Imputed Operating Lease Interest Expense	-	-	12Cr	8.35Cr	2.86Cr
Imputed Operating Lease Depreciation	-	-	-8.06Cr	-5.63Cr	-27.78L
Maintenance & Repair Expenses, Total	20Cr	26Cr	43Cr	56Cr	21Cr

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	241.06Cr	257Cr	8.08Cr	121.62Cr	48Cr
Short Term Investments	40Cr	230.13Cr	537.1Cr	190.03Cr	49Cr
Total Cash And Short Term Investments	281.01Cr	487.13Cr	545.18Cr	311.65Cr	97Cr
Accounts Receivable, Total	122.22Cr	131.73Cr	128.75Cr	104.69Cr	150.78Cr
Other Receivables	279.86Cr	214.34Cr	135.91Cr	39Cr	9.9Cr
Notes Receivable	45Cr	43Cr	34Cr	17Cr	3.25Cr
Total Receivables	447.02Cr	389.16Cr	298.76Cr	160.93Cr	163.92Cr
Inventory	256.91Cr	234.68Cr	195.3Cr	478.81Cr	428.73Cr
Prepaid Expenses	7.06Cr	11Cr	9.49Cr	8.97Cr	8.23Cr
Other Current Assets, Total	66Cr	103.51Cr	81Cr	37Cr	68Cr
Total Current Assets	1.06TCr	1.23TCr	1.13TCr	997.43Cr	765.7Cr
Gross Property Plant And Equipment	1.4TCr	1.51TCr	1.71TCr	2.25TCr	3.38TCr
Accumulated Depreciation	-470.41Cr	-561.97Cr	-683.07Cr	-812.1Cr	-947.48Cr
Net Property Plant And Equipment	933.43Cr	949.21Cr	1.03TCr	1.44TCr	2.43TCr
Long-term Investments	1.58Cr	1.66Cr	118.02Cr	217.07Cr	2.74Cr
Other Intangibles, Total	24.09L	36.55L	4.77Cr	3.98Cr	5.03Cr
Loans Receivable Long-Term	4.46Cr	4.36Cr	-	-	17Cr
Deferred Tax Assets Long-Term	289.34Cr	311.23Cr	353.92Cr	289.04Cr	240.08Cr
Deferred Charges Long-Term	42T	42T	42T	-	-
Other Long-Term Assets, Total	71Cr	69Cr	110.63Cr	186.3Cr	139.22Cr
Total Assets	2.36TCr	2.56TCr	2.75TCr	3.13TCr	3.6TCr
Liabilities
Accounts Payable, Total	96Cr	98Cr	114.59Cr	282.04Cr	219.7Cr
Accrued Expenses, Total	44Cr	147.78Cr	226.02Cr	142.75Cr	197.22Cr
Short-term Borrowings	10Cr	15Cr	5.19Cr	26Cr	58Cr
Current Portion of Long-Term Debt	2.24Cr	55.44L	18.74L	-	-
Current Portion of Leases	1.32Cr	1.38Cr	2.27Cr	4.41Cr	4.45Cr
Current Income Taxes Payable	-	2.51Cr	1.97Cr	1.09Cr	3.66Cr
Unearned Revenue Current, Total	2.54Cr	2.03Cr	1.67Cr	1.5Cr	1.09Cr
Other Current Liabilities	147.19Cr	74Cr	51Cr	71Cr	297.19Cr
Total Current Liabilities	303.68Cr	341.3Cr	402.58Cr	528.5Cr	781.03Cr
Long-Term Debt	74.18L	18.74L	-	-	72Cr
Long-Term Leases	1.7Cr	1.49Cr	8.01Cr	4.84Cr	13Cr
Unearned Revenue Non Current	13Cr	11Cr	8.77Cr	7.27Cr	13Cr
Pension & Other Post Retirement Benefits	4.35Cr	5.23Cr	1.57Cr	2.25Cr	6.35Cr
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	107.91Cr	129.23Cr	155.74Cr	172.17Cr	6.83Cr
Total Liabilities	430.98Cr	488Cr	576.66Cr	715.02Cr	892.26Cr
Common Stock, Total	41Cr	41Cr	40Cr	40Cr	40Cr
Retained Earnings	1.81TCr	2TCr	2.09TCr	2.34TCr	2.63TCr
Comprehensive Income and Other	7.46Cr	37Cr	38Cr	38Cr	38Cr
Total Common Equity	1.86TCr	2.07TCr	2.17TCr	2.42TCr	2.71TCr
Minority Interest	70Cr	-	-	-	-
Total Equity	1.93TCr	2.07TCr	2.17TCr	2.42TCr	2.71TCr
Total Liabilities And Equity	2.36TCr	2.56TCr	2.75TCr	3.13TCr	3.6TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	41Cr	41Cr	40Cr	40Cr	40Cr
ECS Total Common Shares Outstanding	41Cr	41Cr	40Cr	40Cr	40Cr
Book Value / Share	45.03	50.29	53.65	59.78	67.05
Tangible Book Value	1.86TCr	2.07TCr	2.16TCr	2.41TCr	2.71TCr
Tangible Book Value Per Share	45.02	50.28	53.53	59.69	66.93
Total Debt	16Cr	18Cr	16Cr	35Cr	146.94Cr
Net Debt	-264.63Cr	-468.95Cr	-529.52Cr	-276.3Cr	50Cr
Debt Equivalent of Unfunded Proj. Benefit Obligation	5.21Cr	6.12Cr	2.74Cr	3.32Cr	7.95Cr
Debt Equivalent Oper. Leases	-	-	30Cr	22Cr	21Cr
Minority Interest, Total (Incl. Fin. Div)	70Cr	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	38Cr	45Cr	47Cr	55Cr	54Cr
Inventories - Work In Process, Total	3.25Cr	2.05Cr	2.98Cr	2.59Cr	15Cr
Inventories - Finished Goods, Total	45Cr	61Cr	31Cr	50Cr	21Cr
Inventories - Others	169.96Cr	127.14Cr	113.69Cr	267.05Cr	244.9Cr
Land - (BS)	98Cr	108.8Cr	134.57Cr	116.24Cr	193.53Cr
Buildings, Total	221.59Cr	262.62Cr	320.82Cr	352.04Cr	414.12Cr
Machinery, Total	806.51Cr	967.86Cr	1.1TCr	1.12TCr	1.64TCr
Full Time Employees	696	703	827	861	855
Accumulated Allowance for Doubtful Accounts (Supple)	1.49Cr	1.32Cr	1.49Cr	3.53Cr	5.04Cr

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	285.55Cr	187.13Cr	246.77Cr	247.6Cr	295.11Cr
Depreciation & Amortization - CF	93Cr	90Cr	121.47Cr	129.82Cr	144.87Cr
Depreciation & Amortization, Total	93Cr	90Cr	121.47Cr	129.82Cr	144.87Cr
Amortization of Deferred Charges, Total - (CF)	-	-	16.09L	1.3Cr	1.73Cr
(Gain) Loss From Sale Of Asset	-1L	71.91L	4L	-2L	1.15Cr
(Gain) Loss on Sale of Investments - (CF)	14.57L	-8L	-11.28L	-7L	-11.53L
Provision and Write-off of Bad Debts	2L	-17.3L	16.47L	2.05Cr	1.5Cr
Other Operating Activities, Total	-34Cr	-35Cr	-58Cr	36Cr	41Cr
Change In Accounts Receivable	22Cr	-9.34Cr	2.82Cr	22Cr	-48Cr
Change In Inventories	20Cr	22Cr	39Cr	-178.82Cr	38Cr
Change In Accounts Payable	-30Cr	2.7Cr	16Cr	110.2Cr	-58Cr
Change in Other Net Operating Assets	125.71Cr	94Cr	48Cr	4.95Cr	72Cr
Cash from Operations	482.96Cr	352.33Cr	417.07Cr	375.23Cr	489.75Cr
Capital Expenditure	-227.09Cr	-107.5Cr	-199.44Cr	-571.86Cr	-1.04TCr
Sale of Property, Plant, and Equipment	-	66.8L	2.08Cr	2.41Cr	37.96L
Cash Acquisitions	-	-40Cr	-	-	-
Investment in Marketable and Equity Securities, Total	75Cr	-190.58Cr	-122.26Cr	251.16Cr	354.78Cr
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-3.05Cr
Other Investing Activities, Total	16Cr	4.66Cr	31Cr	47Cr	34Cr
Cash from Investing	-135.55Cr	-333.04Cr	-288.85Cr	-271.69Cr	-650.06Cr
Short Term Debt Issued, Total	-	4.2Cr	-	21Cr	32Cr
Long-Term Debt Issued, Total	27.2L	-	-	-	72Cr
Total Debt Issued	27.2L	4.2Cr	-	21Cr	103.73Cr
Short Term Debt Repaid, Total	-39Cr	-	-9.75Cr	-	-
Long-Term Debt Repaid, Total	-1.02Cr	-90.86L	-66.1L	-1.03Cr	-6.53Cr
Total Debt Repaid	-40Cr	-90.86L	-10Cr	-1.03Cr	-6.53Cr
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-102Cr	-	-152.36Cr	-	-
Common Dividends Paid	-41Cr	-	-	-	-
Common & Preferred Stock Dividends Paid	-41Cr	-	-	-	-
Other Financing Activities, Total	-18Cr	-6.63Cr	-13Cr	-9.7Cr	-11Cr
Cash from Financing	-201.27Cr	-3.35Cr	-175.63Cr	10Cr	86Cr
Miscellaneous Cash Flow Adjustments	-	-	-	1T	-
Net Change in Cash	146.14Cr	16Cr	-47Cr	113.55Cr	-74Cr
Supplemental Items
Cash Interest Paid	9.61Cr	6.63Cr	13Cr	9.7Cr	11Cr
Cash Income Tax Paid (Refund)	59Cr	30Cr	35Cr	68Cr	76Cr
Levered Free Cash Flow	185.57Cr	205.55Cr	297.28Cr	-233.73Cr	-410.44Cr
Unlevered Free Cash Flow	190.31Cr	208.81Cr	301.47Cr	-228.83Cr	-403.67Cr
Change In Net Working Capital	-135.62Cr	-75Cr	-239.52Cr	-44.43L	-72Cr
Net Debt Issued / Repaid	-40Cr	3.29Cr	-10Cr	20Cr	97Cr

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