ALFA Finder| Revenue growth | Revenue ₹831 Cr, +2.5% YoY; H1 ₹1,774 Cr, +3.0% YoY. |
|---|---|
| Margins | EBITDA ₹154 Cr vs ₹194 Cr YoY; sharp per-tonne contraction. |
| Demand visibility | NE Q2 hit by floods and elections; Assam, Nagaland down ~25%. |
| Management confidence | Optimistic but hedged; October volume growth above 12% cited. |
Growth
Revenue +2.5% YoY to ₹831 Cr on cement volume +4.8%; EBITDA -21%, margin compressed, negative operating leverage.
Outlook
Q3-Q4 volume +12-13% YoY; Siliguri grinding ₹350 Cr vs Bihar ₹550 Cr; Nimbol capex within ~₹3,000 Cr.
Risks
New Northeast capacity (Ambuja, JK Lakshmi) may pressure pricing; coal supply tightness; flood and election disruption to volumes.
Last quarter's promises, checked
Delivered
- Q2/Jul vol ~-12% (cited) → cement +4.8% YoY (= BEAT)
- NE price +₹3 (Aug) → +₹10 in Oct (= BEAT)
Partly delivered
- Capex ₹2,600-2,700 Cr → ~₹3,000 Cr (= PARTIAL)
- FY27 vol 8-9% → Q2 +4.8%, H2 needs 12-13% (= PARTIAL)
- ₹150 Cr non-cement ARR by Q4 → no figure; RMC plants launched (= PARTIAL)
Missed
- FY27 EBITDA/t ₹1,500-1,600 → Q2 EBITDA -21% YoY (= MISS)
- Rajasthan groundwork mid-Oct–Nov → groundbreaking Dec (= MISS)
Earnings Call Transcript filed with NSE, NSE: STARCEMENT. Summary written with AI assistance from the document.
Star Cement Ltd: key numbers
- Share price
- ₹175.60
- Market cap
- ₹7,097 Cr
- Revenue (annual)
- ₹3,776 Cr
- Net profit (annual)
- ₹393.4 Cr
- P/E (TTM)
- 21.0×Sector 33.3×
- Promoter holding
- 58.11%+0.01% QoQ
- FII holding
- 1.66%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Star Cement Ltd
All →Star Cement Promoter Buying: ₹2.5 Cr
Promoter and director Prem Kumar Bhajanka bought 1.42 lakh Star Cement shares worth Rs.2.50 Crore via market purchase. Stake rose from 10.76% to 10.80%.
- Value
- ₹2.50 Cr
- Promoter stake change
- +0.04%
Star Cement Business Update
Star Cement's subsidiary Star Cement North East was declared preferred bidder for the Jhak Murkasani limestone mining block in Rajasthan. No bid amount or royalty is stated, so the filing gives no rupee value.
- From
- Government of Rajasthan
Star Cement Management Change
Star Cement re-appointed Nirmalya Bhattacharyya as Non-Executive Independent Director for 24 months from 01 Feb 2027. It also appointed Gaurav Satnaliwala as Internal Auditor for five months.
- Execution
- 24 months (director re-appointment from 2027-02-01); 5 months (internal auditor from 2026-11-06)
Star Cement Dividend
Star Cement declared an interim dividend of Re 1 per equity share for FY 2026-27 at its November 6, 2026 board meeting. Record date is November 13, with payment by December 5, 2026.
Star Cement Q2 FY27 Results: Net Profit ₹39.6 Cr, Down 44.3% YoY
Star Cement Ltd reported revenue from operations of ₹831 Cr (+2.5% YoY) and net profit of ₹39.6 Cr (-44.3% YoY) for Q2 FY27.
- Key figure
- Net profit ₹39.6 Cr · -44.3% YoY
Star Cement Board Meeting Date
Star Cement Ltd intimated that its Board meeting is scheduled for 06 Nov 2026 to approve Q2/H1 FY27 unaudited results. No financial figures are disclosed yet.