Financials Star Cement Limited NSE India S.E.

Equities

STARCEMENT

INE460H01021

Construction Materials

Market Closed - NSE India S.E. 07:43:49 2024-04-26 am EDT 5-day change 1st Jan Change
227.4 INR -1.00% Intraday chart for Star Cement Limited +0.20% +28.88%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 41,399 28,169 40,026 36,215 45,187 91,911 - -
Enterprise Value (EV) 1 39,799 25,457 35,267 30,905 42,423 98,792 99,453 95,149
P/E ratio 13.8 x 9.97 x 21.4 x 14.8 x 18.2 x 30.5 x 23.2 x 19.8 x
Yield - 1.46% - - - 0.44% 0.43% 0.58%
Capitalization / Revenue 2.26 x 1.53 x 2.33 x 1.63 x 1.67 x 3.17 x 2.61 x 2.28 x
EV / Revenue 2.17 x 1.38 x 2.05 x 1.39 x 1.57 x 3.4 x 2.83 x 2.36 x
EV / EBITDA 8.86 x 6.44 x 10.6 x 8.95 x 9.06 x 17.8 x 13 x 10.7 x
EV / FCF 7.44 x 9.95 x 14.4 x 14.1 x -21.3 x -14.7 x 544 x 23 x
FCF Yield 13.4% 10.1% 6.96% 7.11% -4.69% -6.8% 0.18% 4.36%
Price to Book 2.4 x 1.52 x 1.93 x 1.67 x 1.87 x 3.43 x 3.01 x 2.63 x
Nbr of stocks (in thousands) 419,229 412,429 412,429 404,180 404,180 404,180 - -
Reference price 2 98.75 68.30 97.05 89.60 111.8 227.4 227.4 227.4
Announcement Date 5/7/19 6/25/20 6/9/21 5/17/22 5/19/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 18,310 18,439 17,199 22,218 27,048 29,014 35,148 40,285
EBITDA 1 4,492 3,951 3,326 3,453 4,684 5,565 7,658 8,898
EBIT 1 3,435 3,021 2,426 2,236 3,373 4,092 5,468 6,615
Operating Margin 18.76% 16.39% 14.11% 10.06% 12.47% 14.11% 15.56% 16.42%
Earnings before Tax (EBT) 1 3,346 3,215 1,993 2,437 3,797 4,238 5,444 6,454
Net income 1 2,989 2,855 1,871 2,468 2,476 3,027 3,970 4,662
Net margin 16.33% 15.49% 10.88% 11.11% 9.15% 10.43% 11.3% 11.57%
EPS 2 7.130 6.850 4.540 6.040 6.130 7.460 9.782 11.47
Free Cash Flow 1 5,346 2,559 2,455 2,197 -1,990 -6,715 182.7 4,146
FCF margin 29.2% 13.88% 14.27% 9.89% -7.36% -23.14% 0.52% 10.29%
FCF Conversion (EBITDA) 119.02% 64.76% 73.81% 63.64% - - 2.39% 46.59%
FCF Conversion (Net income) 178.84% 89.61% 131.19% 89.04% - - 4.6% 88.93%
Dividend per Share 2 - 1.000 - - - 1.000 0.9750 1.325
Announcement Date 5/7/19 6/25/20 6/9/21 5/17/22 5/19/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 4,234 6,026 5,111 4,066 5,549 7,492 6,661 5,942 6,195 8,250 7,605 6,235 6,488 8,940
EBITDA 1 839.7 1,044 926.9 716.9 675.1 1,134 1,241 696.6 1,084 1,662 1,293 950.2 1,264 1,816
EBIT - - - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - - - -
Earnings before Tax (EBT) 1 41.28 - - 441.7 - - 1,052 490.4 827.7 1,427 1,040 718 1,003 1,477
Net income 1 -17.48 853 679.9 465.3 438.2 884.2 675.6 310.6 528.7 961.2 932.6 451 646.4 979.5
Net margin -0.41% 14.15% 13.3% 11.45% 7.9% 11.8% 10.14% 5.23% 8.53% 11.65% 12.26% 7.23% 9.96% 10.96%
EPS 2 - - - - 1.090 2.190 1.670 0.7700 1.310 2.380 2.310 1.150 1.667 2.468
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 2/8/21 6/9/21 8/13/21 11/1/21 1/25/22 5/17/22 8/2/22 11/14/22 2/3/23 5/19/23 8/8/23 - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - 6,881 7,542 3,239
Net Cash position 1 1,600 2,712 4,760 5,309 2,764 - - -
Leverage (Debt/EBITDA) - - - - - 1.236 x 0.9848 x 0.364 x
Free Cash Flow 1 5,346 2,559 2,455 2,197 -1,990 -6,715 183 4,146
ROE (net income / shareholders' equity) 18.7% 15.9% 9.35% 11.6% 10.8% 11.6% 13.9% 14.5%
ROA (Net income/ Total Assets) 12.4% - - 9.3% 8.43% 8.2% 8.7% 9.1%
Assets 1 24,025 - - 26,536 29,383 36,919 45,637 51,228
Book Value Per Share 2 41.10 45.00 50.30 53.70 59.80 66.30 75.50 86.50
Cash Flow per Share 2 - - - - - 10.90 14.70 16.10
Capex 1 804 2,271 1,068 1,974 5,743 10,030 5,487 4,201
Capex / Sales 4.39% 12.32% 6.21% 8.88% 21.23% 34.57% 15.61% 10.43%
Announcement Date 5/7/19 6/25/20 6/9/21 5/17/22 5/19/23 - - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
227.4 INR
Average target price
205.6 INR
Spread / Average Target
-9.61%
Consensus