Valuation Star Cement Limited

Equities

Market Closed - Bombay S.E. Other stock markets 03:30:47 14/11/2025 pm IST			5-day change	1st Jan Change
233.95 ^INR	-0.85%		-5.32%	+0.67%

07/11	Asit C Mehta Upgrades Star Cement to Buy from Hold; Price Target is INR307	MT
07/11	Antique Stock Broking Downgrades Star Cement to Hold from Buy; Price Target is INR260	MT

Data adjusted to current consolidation scope

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	40,026	36,215	45,187	91,446	86,899	94,558	-	-
Change	-	-9.52%	24.78%	102.37%	-4.97%	8.81%	-	-
Enterprise Value (EV)	35,267	30,905	42,423	91,771	90,275	94,558	94,558	87,534
Change	-	-12.37%	37.27%	116.32%	-1.63%	4.74%	0%	-7.43%
P/E ratio	21.4x	14.8x	18.2x	31x	51.4x	26.6x	21.8x	19.4x
PBR	1.93x	1.67x	1.87x	3.37x	3.02x	2.95x	2.6x	2.3x
PEG	-	0.4x	12.21x	1.6x	-1.2x	0x	1x	1.6x
Capitalization / Revenue	2.33x	1.63x	1.67x	3.14x	2.75x	2.52x	2.24x	2.02x
EV / Revenue	0x	0x	0x	0x	0x	2.52x	2.24x	2.02x
EV / EBITDA	0x	0x	0x	0x	0x	11x	9.66x	8.7x
EV / EBIT	0x	0x	0x	0x	0x	18.7x	15.3x	13.7x
EV / FCF	0x	0x	-0x	-0x	-0x	1,436x	66.6x	17.1x
FCF Yield	6.13%	6.07%	-4.4%	-5.97%	-3.21%	0.07%	1.5%	5.86%
Dividend per Share ²	-	-	-	-	-	1	1	0.5
Rate of return	-	-	-	-	-	0.43%	0.43%	0.21%
EPS ²	4.54	6.04	6.13	7.3	4.18	8.8	10.72	12.06
Distribution rate	-	-	-	-	-	11.4%	9.32%	4.15%
Net sales ¹	17,199	22,218	27,048	29,107	31,634	37,450	42,129	46,926
EBITDA ¹	3,326	3,453	4,684	5,563	5,786	8,579	9,790	10,874
EBIT ¹	2,426	2,236	3,373	4,097	2,467	5,043	6,176	6,925
Net income ¹	1,871	2,468	2,476	2,951	1,688	3,560	4,349	5,009
Net Debt	-4,760	-5,309	-2,764	324.9	3,377	-	-	-7,024
Reference price ²	97.05	89.60	111.80	226.25	215.00	233.95	233.95	233.95
Nbr of stocks (in thousands)	4,12,429	4,04,180	4,04,180	4,04,180	4,04,180	4,04,180	-	-
Announcement Date	09/06/21	17/05/22	19/05/23	22/05/24	21/05/25	-	-	-

¹INR in Million²INR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
STAR CEMENT LIMITED	26.59x	-	-	0.43%	106.65Cr
HOLCIM LTD	22.11x	2.65x	10.53x	2.47%	4.85TCr
ANHUI CONCH CEMENT COMPANY LIMITED	13.98x	0.84x	3.8x	3.52%	1.73TCr
SHREE CEMENT LIMITED	50.7x	4.37x	18.31x	0.5%	1.09TCr
BUZZI SPA	11.15x	1.82x	6.91x	1.51%	1.07TCr
JAMES HARDIE INDUSTRIES PLC	20.83x	3.01x	12.09x	-.--%	978.45Cr
DANGOTE CEMENT PLC	10.89x	2.76x	6.32x	7.95%	690.17Cr
EAGLE MATERIALS INC.	14.94x	3.39x	9.93x	0.5%	647.88Cr
HUAXIN BUILDING MATERIALS GROUP CO., LTD.	15.75x	1.61x	6.61x	2.48%	609.37Cr
TIANSHAN MATERIAL CO., LTD.	55.27x	-	-	-	608.99Cr
Average	24.22x	2.56x	9.31x	2.15%	1.24TCr
Weighted average by Cap.	22.79x	2.49x	9.57x	2.34%