STAR CEMENT LTD.

Trendlyne Stock Report

Cement & Cement Products Jan 31, 2024 03:31 PM
Cement and Construction

₹186.35 (1.3% ) 52 Week High Low

103.4 190
186.4
Market Cap: 75.3B Avg Daily Volume: 1.2M
NSE | Jan 31, 2024 03:31 PM

DVM SUMMARY

Strong Performer, Getting Expensive D V M

These stocks are strong in quality and technical aspects but with medium valuation. Due to expensive valuation it is suggested that opportunity to be observed before buying.

Momentum Score
Durability Score (D) High Financial Strength Valuation Score (V) Mid Valuation (M) Technically Moderately Bullish

Bad Medium Good Bad Medium Good Bad Medium Good

70 47 68
0 35 55 100 0 30 50 100 0 35 60 100

ANALYST RECOMMENDATION TRENDLYNE CHECKLIST

Consensus Recommendation Target Price

HOLD 165 (-11.73%) 56.5% Passed in checklist
Financials 4 4
1 2 3 1 1

Total : 8 Ownership 3 1
Strong Buy Buy Hold Sell Strong Sell

Peer Comparison 2 1
Low Estimate Current
89 Price
Value & Momentum 4 4
186.35
Total 13 10
164.5 188
Average Estimate
High Estimate

The consensus recommendation is based on 8 analyst recommendations. The Consensus Estimate is The Trendlyne Checklist checks if the company meets the key criteria for financial health and
the aggregate analyst estimates for listed Indian companies. consistent growth.

KEY STATISTICS

Ratios Financials
TTM PE Ratio ROE Annual % ROCE Annual % Operating Revenue TTM Cr Revenue Growth Annual YoY Net Profit Annual Cr
%
26.6 10.2 15.0 2790.3 247.6
22.2
Below industry Median Below industry Median High in industry Below industry Median Below industry Median
High in industry

EBIT Annual Margin % TTM PEG Ratio Long Term Debt To Equity
Annual Net Profit TTM Growth % Dividend yield 1yr % EPS TTM Growth %
14.4 1.2
- 22.5 - 22.5
High in industry PEG TTM is much higher than 1
Low in industry Above industry Median
Above industry Median

PRICE VOLUME CHARTS

1 Year Return : 71.6% 5 Year Return : 101.5%

175
150

150

100
125

100 50

MAR MAY JUL SEP NOV JAN JAN JUL JAN JUL JAN JUL JAN JUL JAN JUL JAN

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 STAR CEMENT LTD. Trendlyne Stock Report
Cement & Cement Products Jan 31, 2024 03:31 PM
Cement and Construction

Durability Summary

Durability Score Star Cement Ltd. has a durability score of 70, which indicates High Financial Strength.

70 / 100
A High Durability Score (greater than 55) indicates good and consistent financial performance : stable revenues, cash flows, and low debt.

The Durability score looks at many different metrics, including long-term performance data, to identify stocks that have stood the test of time.

High Financial Strength

Bad Medium Good

70
0 35 55 100

Durability Trend Star Cement Ltd. : Jan '23 - Jan '24 Durability v/s Peers

75
Star Cement 70.0

GOOD
UltraTech Cement 70.0
50

Grasim Industries 35.0

MEDIUM

25
Ambuja Cements 80.0

Shree Cements 75.0

0 ACC 60.0
3

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0 10 20 30 40 50 60 70 80 90

Score Distribution (% of time in each zone) Variability (Range)

Good Medium Bad Maximum Minimum Star Cement Ltd. (70) has third-highest Durability score amongst its peers, behind Shree
100.0% 0% 0% 70.0 (30 Jan '24) 55.0 (18 May '23) Cements Ltd. (75) and tied with UltraTech Cement Ltd. and 2 others

Financial Metrics

Total Revenue Annual Cr Net Profit Annual Cr Tax Annual Cr Revenue Growth Annual YoY %

2,756.93 22.2% YoY Mar'23 247.604 0.3% YoY Mar'23 132.063 4331.0% YoY Mar'23 22.2% -23.3% YoY Mar'23
4k 500 200 40
132.1 29
2829.3 111.6 22.2
330.7
2255.2 298.8 285.5 282.9 100 20 13.4
1872.6 246.8 247.6 34.2
2k 1618.9 250 16.4 29.6 5.8
187.1 12.1 2
0 0 -6.6
-3.1
0 0 -100 -20
8

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Total Revenue Annual Cr growth is higher Net Profit Annual Cr growth is stable Tax Annual Cr growth is higher than Revenue Growth Annual YoY % is falling
than historical averages. compared to historical averages. historical averages. faster than historical averages.

CAGR 2Y 25.6% CAGR 2Y 15.0% CAGR 2Y 229.9% CAGR 2Y 283.0%

3Y 13.8% 3Y -4.6% 3Y 56.9% 3Y 124.6%
5Y 11.2% 5Y -5.6% 5Y 51.8% 5Y 30.9%

Operating Profit Margin Annual % Net Profit TTM Growth % Operating Revenues Qtr Cr Net Profit Qtr Cr

17.0% 11.0% YoY Mar'23 0.3% -98.9% YoY Mar'23 585.26 -1.5% YoY Sep'23 40.67 31.0% YoY Sep'23
40 100 1000 150
32.2 825
92.2 760.5
24.5 31.9 666.1 619.5 96.1 93.3
594.2 585.3 100
21.1 19 -4.8 0.3
17 -9.4 67.6
20 15.3 0 500 52.9
-34.5
50 40.7
31.1

0 -100 0 0
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Operating Profit Margin Annual % is growing Net Profit TTM Growth % is falling faster Operating Revenues Qtr Cr is falling faster Net Profit Qtr Cr is falling faster than
faster than historical averages. than historical averages. than historical averages. historical averages.

CAGR 2Y -5.5% CAGR 2Y 109.9% YoY -1.5% YoY 31.0%

3Y -7.0% 3Y 141.2% QoQ -23.0% QoQ -56.4%
5Y -12.0% 5Y -67.5%

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 STAR CEMENT LTD. Trendlyne Stock Report
Cement & Cement Products Jan 31, 2024 03:31 PM
Cement and Construction

Balance Sheet

Total Assets Annual Cr Total ShareHolders Funds Annual Cr Working Capital Annual Cr

3,131.4 14.1% YoY Mar'23 2,416.4 11.4% YoY Mar'23 468.9 -35.5% YoY Mar'23
4k 3k 1000
3131.4 2416.4 760.4 753.9
2745.1 2074.2 2168.4 738 727.4
2505.7 2562.2 1857.1 884.6
2296.9 2358.2 2k 1723.7
1476.4 468.9
2k 500
1k

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Total Assets Annual Cr growth is higher than Total ShareHolders Funds Annual Cr growth Working Capital Annual Cr is falling faster
historical averages. is stable compared to historical averages. than historical averages.

CAGR 2Y 10.55% CAGR 2Y 7.93% CAGR 2Y -27.19%

3Y 9.91% 3Y 9.17% 3Y -14.64%
5Y 4.56% 5Y 10.36% 5Y -8.67%

Cashflow

Cash from Operating Activity Annual Cr Cash from Investing Activity Annual Cr Cash from Financing Annual Activity Cr Net Cash Flow Annual Cr

375.2 -10.0% YoY Mar'23 -271.7 5.9% YoY Mar'23 10 105.7% YoY Mar'23 113.5 339.5% YoY Mar'23
750 0 250 200
615 146.1
-25.3 10 113.5
483
500 420.6 417.1 0 100 76.3
352.3 375.2
-200 -135.5 -3.3
2.4 15.9
-191.1
250 -250 -201.3 -175.6 0 -47.4
-333 -392.9
-288.8 -271.7
-347.6
0 -400 -500 -100
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Cash from Operating Activity Annual Cr is Cash from Investing Activity Annual Cr Cash from Financing Annual Activity Cr Net Cash Flow Annual Cr growth is higher
falling faster than historical averages. growth is higher than historical averages. growth is lower than historical averages. than historical averages.

CAGR 2Y 3.2% CAGR 2Y 9.68% CAGR 2Y 272.88% CAGR 2Y 166.85%

3Y -8.07% 3Y -26.08% 3Y 136.77% 3Y -8.07%
5Y -2.26% 5Y -60.71% 5Y 147.99% 5Y 117.11%

Financial Ratios

ROE Annual % ROCE Annual % RoA Annual % Current Ratio Annual

10.2% -10.0% YoY Mar'23 14.9% 36.3% YoY Mar'23 7.9% -12.0% YoY Mar'23 1.9 -32.8% YoY Mar'23
30 30 20 4
22.4 21.9
13.2 13 3 3.6 2.8
17.3 18.3 12.1 3.5
20 15.4 20 16.1 14.9
12.2 9 2.1
11.4 10.2 11 10 7.3 7.9 1.9
9 2
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Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23

M

ROE Annual % is falling faster than historical ROCE Annual % is growing faster than RoA Annual % is falling faster than historical Current Ratio Annual is falling faster than
averages. historical averages. averages. historical averages.

CAGR 2Y 6.55% CAGR 2Y 10.74% CAGR 2Y 4.03% CAGR 2Y -27.52%

3Y -12.66% 3Y -2.44% 3Y -13.25% 3Y -18.47%
5Y -14.48% 5Y -7.37% 5Y -9.74% 5Y -2.31%

Net Profit Margin Annual % Interest Coverage Ratio Annual EBIT Annual Margin %

9.2% -17.6% YoY Mar'23 53.7 89.2% YoY Mar'23 14.4% 24.5% YoY Mar'23
30 75 30
20.8 53.7
25.1 19.1 17.9
20 16.6 15.6 50 38.8 20 15.7
35.4 14.4
10.9 11.1 28.4 11.6
9.2 24.3
10 25 10
7.7

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Net Profit Margin Annual % is falling faster Interest Coverage Ratio Annual growth is EBIT Annual Margin % is growing faster than
than historical averages. higher than historical averages. historical averages.

CAGR 2Y -8.29% CAGR 2Y 17.7% CAGR 2Y -4.38%

3Y -16.26% 3Y 14.85% 3Y -7.09%
5Y -15.16% 5Y 47.38% 5Y -10.52%

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 STAR CEMENT LTD. Trendlyne Stock Report
Cement & Cement Products Jan 31, 2024 03:31 PM
Cement and Construction

Key Metrics - Peer Comparison

COMPARISON
STAR CEMENT LTD. ULTRATECH CEMENT LTD. GRASIM INDUSTRIES LTD. AMBUJA CEMENTS LTD. SHREE CEMENTS LTD. ACC LTD. DALMIA BHARAT LTD.
(1) (2) (3) (4) (5) (6) (7)

Valuation Score 46.8 28.7 48.7 38.7 31.0 42.0 40.5

P/E Ratio TTM 26.6 45.8 21.8 35.1 45.9 29.4 38.9

Forward P/E Ratio 27.6 40.4 82.7 44.0 48.3 25.4 47.0

PEG Ratio TTM 1.2 7.0 -1.9 0.6 0.8 0.2 6.9

Forward PEG Ratio 2.7 0.9 -3.9 -14.4 0.8 0.3 -14.2

Price to Book Value 3.1 5.4 1.2 2.9 5.5 3.4 2.7

Price to Sales TTM 2.7 4.2 1.2 3.5 5.1 2.5 3.0

Price to Sales Annual 1.7 3.5 0.9 1.9 5.3 1.4 2.7

EV to EBITDA 8.1 20.6 9.9 13.1 28.3 13.6 16.3

Market Cap to Sales 1.7 3.5 0.9 1.9 5.3 1.4 2.7

Price to Free Cash Flow 113.5 250.4 97.3 -10814.8 -122.5 -7110.1 94.0

Graham Number 97.0 3068.3 2047.1 264.6 8516.1 1210.4 1052.4

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 STAR CEMENT LTD. Trendlyne Stock Report
Cement & Cement Products Jan 31, 2024 03:31 PM
Cement and Construction

Valuation Summary

Valuation Score Star Cement Ltd. has a valuation score of 47, which indicates an Mid Valuation.

47 / 100
A High Valuation Score (greater than 50) indicates the stock is competitively priced at current P/E, P/BV and share price.

The Valuation helps you identify stocks which are still bargains, and whose strengths are not fully priced into the share price.

Mid Valuation

Bad Medium Good

47
0 30 50 100

Valuation Trend Star Cement Ltd. : Jan '23 - Jan '24 Valuation v/s Peers

100
Star Cement 46.8

75 UltraTech Cement 28.7

GOOD Grasim Industries 48.7

50

Ambuja Cements 38.7

MEDIUM
25
Shree Cements 31.0

0 ACC 42.0
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Score Distribution (% of time in each zone) Variability (Range)

Good Medium Bad Maximum Minimum Star Cement Ltd. (47) has second-highest Valuation score amongst its peers, behind Grasim
0% 100.0% 0% 47.3 (20 Jan '24) 36.5 (03 Aug '23) Industries Ltd. (49)

P/E Buy Sell Zone

Star Cement Ltd. has spent 97.7% of the time below the current P/E 26.6. This puts it in the PE
Strong Sell Zone

Strong Sell Zone 97.7% into P/E buy sell zone This is based on the tendency of the P/E value to revert to its historical mean.

If the P/E value has spent most of its time below the current value, then it means that most gains
have probably been realised already, and it is time to sell.
Strong upside potential % time spent below current P/E Gains already realized If the P/E value has spent very little time below the current value, then it means that there is strong
potential upside, and it is time to buy.

Valuation Metrics

PE TTM Price to Earnings Price To Sales Annual DividendPayoutCP_A Graham Number

26.6 41.3% YoY Jan'24 1.7 2.5% YoY Jan'24 0.3 97 14.6% YoY Jan'24
0.2
40 3 150
0.2
2.3 2.3
26.6 97
21.3 2 1.6 1.7 100 82.8 83.4 84.6
18.8 1.5 0.1 69.2
20 14.8
9.8 1 0 0 0 0 50
0
Mar'20 Mar'21 Mar'22 Mar'23 Jan'24
0 0 0
Mar'20 Mar'21 Mar'22 Mar'23 Jan'24 Mar'20 Mar'21 Mar'22 Mar'23 Jan'24 Mar'20 Mar'21 Mar'22 Mar'23 Jan'24

PE_TTM growth is higher than historical Price To Sales Annual growth is stable Graham Number growth is stable compared
averages. compared to historical averages. to historical averages.

CAGR 2Y -7.2% CAGR 2Y -15.3% CAGR 2Y 12.6%

3Y 23.1% 3Y 3.0% 3Y 2.1%
5Y 4.3% 5Y -11.1% 5Y 2.4%

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 STAR CEMENT LTD. Trendlyne Stock Report
Cement & Cement Products Jan 31, 2024 03:31 PM
Cement and Construction

Momentum Summary

Momentum Score Star Cement Ltd. has a Momentum score of 68, which indicates that it is Technically Moderately Bullish.

68 / 100
A High Momentum Score indicates the stock is seeing buyer demand, and is bullish across its technicals compared to the rest of the stock
universe.

Momentum is a very effective short term score, while Durability and Valuation help assess the stock’s health over the long term.
Technically Moderately Bullish

Bad Medium Good

68
0 35 60 100

Momentum Trend Star Cement Ltd. : Jan '23 - Jan '24 Momentum v/s Peers 30 Jan '24

100
Star Cement 67.9

75 UltraTech Cement 60.1

GOOD
Grasim Industries 65.7
50

MEDIUM Ambuja Cements 69.4

25
Shree Cements 66.0

0 ACC 66.7
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Score Distribution (% of time in each zone) Variability (Range)

Good Medium Bad Maximum Minimum Star Cement Ltd. (68) has second-highest Momentum score amongst its peers, behind Ambuja
60.2% 39.8% 0% 69.3 (20 Oct '23) 45.8 (16 Mar '23) Cements Ltd. (69)

Price Change Analysis Key Momentum Metrics

LTP : 186.35 RSI MFI

1 Day 184.9 190

64.6 66.5
1 Week 178.1 190
RSI is 64.6, RSI below 30 is considered oversold MFI is 66.5, MFI below 30 is considered
and above 70 overbought oversold and above 70 overbought
1 Month 169.55 190

3 Months 152.75 190

MACD MACD Signal Line
6 Months 143.25 190
2.3 1.8
1 Year 103.35 190
MACD is above its center and signal Line, this MACD is above its center and signal Line, this
3 Year 81 190 is a bullish indicator. is a bullish indicator.

5 Year 60 190

ATR
40 60 80 100 120 140 160 180 200

6.2

Simple Moving Averages Exponential Moving Averages

Star Cement Ltd. is trading above 8 out of 8 SMAs. Star Cement Ltd. is trading above 8 out of 8 EMAs.

BULLISH BULLISH

8/8 8/8

Bullish v/s Bearish SMAs Bullish v/s Bearish SMAs

(if the current price is above a moving average, it is considered bullish) (if the current price is above a moving average, it is considered bullish)

5Day SMA 182.4 50Day SMA 174.2 5Day EMA 182.6 26Day EMA 178

10Day SMA 179.1 100Day SMA 166.9 10Day EMA 180.7 50Day EMA 174.4

20Day SMA 179.2 150Day SMA 162 12Day EMA 180.3 100Day EMA 167.6

30Day SMA 177.7 200Day SMA 153.9 20Day EMA 178.9 200Day EMA 155

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 STAR CEMENT LTD. Trendlyne Stock Report
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Cement and Construction

Momentum Oscillators Pivot Support & Resistances

Star Cement Ltd. is trading above 7 out of 9 Oscillators in bullish zone. Star Cement Ltd. at 186.35 is trading below it's Pivot 187.08.

BEARISHNEUTRAL BULLISH 196

R3 - 194.4
1/9 1/9 7/9 194

192
R2 - 192.2
Bullish v/s Bearish Oscillators
(if an oscillator is in its negative range, it is considered bearish) 190
R1 - 189.3
188
PIVOT - 187.1
RSI(14) 64.6 MACD(12, 26, 9) 2.3 LTP - 186.3
186

Stochastic Oscillator 72.1 Stochastic RSI 79.5 S1 - 184.2

184

CCI 20 246.3 William -17.9

182 S2 - 182.0
Awesome Oscillator 4.5 Ultimate Oscillator 51.0
180
S3 - 179.1
Momentum Oscillator 7.5
178

Neutral Bullish Bearish

Volatility Metrics

Beta
1 month 3 month 1 year 3 year ADX Day Bollinger Bands Mid_20_2

0.18 0.82 0.48 0.1 20.7 179.2

beta value for 3 month indicates price tends to be less volatile than the market

Daily Volume Analysis Active Candlesticks

Daily average delivery volume over the past week is 43.6%

Bullish Candlestick Pattern Bearish Candlestick Patterns
31 Jan, 2024 667.3K 1.2M
No active candlesticks Shooting Star
Week 543.6K 1.2M

Month 303.6K 711.3K

0 200k 400k 600k 800k 1 000k 1 200k 1 40…

Combined Delivery Volume NSE + BSE Traded Volume

Daily Avg. Delivery Volume %

31 Jan, 2024 Week Month

56.8% 43.6% 42.7%

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 STAR CEMENT LTD. Trendlyne Stock Report
Cement & Cement Products Jan 31, 2024 03:31 PM
Cement and Construction

Checklist Summary

Trendlyne Checklist Score

56.5% pass 13 | 10
=
Financial
4|4
+
Value & Momentum
4|4
+
Ownership
3|1
+
Peer Comparison
2|1

Financial Value & Momentum

4 criteria met | 4 not met 4 criteria met | 4 not met

Company has seen consistent profit growth in the last eight The stock is in the Buy Zone according to its historical P/E?
quarters? No
No The stock is in the Buy Zone according to its historical P/E
Stock has seen consistent profit growth in the last eight quarters

The stock is in the Buy Zone according to its historical P/BV?

Company has seen consistent sales growth in the last eight quarters? No
No The stock is in the Buy Zone according to its historical P/BV
Stock has seen consistent sales growth in the last eight quarters

Company's valuation score signals overall affordability?

Company has high Trendlyne Durability Score? Yes
Yes Company's valuation score signals overall affordability
Stock has high Trendlyne Durability Score (>=60)

Trendlyne Momentum Score shows bullishness?

Company has high Piotroski Score? Yes
No Trendlyne Momentum Score shows bullishness
Stock has high Piotroski Score (>= 7)

Stock is trading above all short term SMAs?

Company has Low Debt? Yes
Yes Stock is trading above all short term SMAs
Stock has Low Debt

Stock is trading above all long term SMAs?

Shareholder Value: Company has Strong ROE? Yes
No Stock is trading above all long term SMAs
Shareholder Value: Stock has Strong ROE

Stock has bullish candlesticks?

Company has Positive Net Cash Flow? No
Yes Stock has bullish candlesticks OR Stock has no bearish candlesticks
Stock has Positive Net Cash Flow

Stock has active positive breakouts?

Company is generating increasing cash from operations? No
Yes Stock has active positive breakouts
Positive CFO for last 2 years

Ownership Peer Comparison

3 criteria met | 1 not met 2 criteria met | 1 not met

FII/FPI or DIIs are buying the stock? Company is giving better long term returns than the industry?
Yes
Institutions have been increasing stake in the company over the past Yes Company is giving better long term returns than the industry
four quarters

Company's sales growth is better than the industry median?

Promoters are buying the stock or ownership is stable? No
No Company's sales growth is better than the industry median
Promoters are buying the stock or ownership is stable

Company's profit growth is better than the industry median?

Promoter pledge is low and not increasing? Yes
Yes Company's profit growth is better than the industry median
Promoter pledge is low and not increasing

Insider have not sold stock in the past 3 months?

Yes
Insider have not sold stock in the past 3 months

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 STAR CEMENT LTD. Trendlyne Stock Report
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Cement and Construction

Forecaster

Consensus Recommendation Share Price Target

Consensus Recommendation Share Price Target (Avg)

HOLD ₹ 164.5 (-11.7% upside)
200

188.0
1 1 1 1 175
2 2
1 164.5
2 2
150
4
3 3
4
3 3 125

3 3 3 1 1 1 100
1 1 1 89.0

2023-08-31 2023-09-30 2023-10-31 2023-11-30 2023-12-31 2024-01-27 75

FY22 FY23 FY24 FY25 FY26
Strong Buy Buy Hold Sell Strong Sell
Future Avg. Estimate High Estimate Low Estimate

The consensus recommendation from 8 analysts for Star Cement Ltd. is HOLD

Star Cement Ltd.'s share price target is below the current price, with a downside of 11.7%

Key Metrics - Average Estimates Actual Revenue Avg. Estimate

EPS Interest expense Net income

15 200 600
8.3 10.1 339.7 410.2
6.8 18.9% 17.5% 275.3
5.8 5.6 219.8 228.1
10 9.3% 65.9 400 10.1%
4.5% 9.7% 12.3% 8.6%
43.7 33.7%
100 52.2%
13.4 20.9
13.7 53.6%
5 -0.7% 200
-29.2%

0 0 0
FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26

4.5% 9.7% 9.3% 18.9% 17.5% -0.7% -29.2% 53.6% 52.2% 33.7% 12.3% 8.6% 10.1% 0% 0%

Surprises Estimate Surprises Estimate Surprises Estimate

EPS is expected to grow by 10.3% in FY24 Interest expense is expected to grow by 115.5% in FY24 Net income is expected to grow by 11.2% in FY24
Star Cement Ltd.'s EPS was higher than average estimate 2 Star Cement Ltd.'s Interest expense was lower than average Star Cement Ltd.'s Net income was higher than average
times in past 2 years estimate 2 times in past 2 years estimate 2 times in past 2 years

Depreciation & amortization Cash flow per share Dividend per share

400 12 3
214.0 225.8 11.1
29.0% 5.2% 11.7% 1.3
152.1 1.1
107.2 135.4 11 2 1.0 1.0 20.0% 1.0
13.8% 9.8
13.5% -3.2% 100.0% -25.0%
200

10 1 1.0 1.1

0 9 0
FY22 FY23 FY24 FY25 FY26 FY24 FY25 FY22 FY23 FY24 FY25 FY26

13.5% -3.2% 13.8% 29.0% 5.2% 0% 11.7% - - 100.0% 20.0% -25.0%

Surprises Estimate Estimate Surprises Estimate

Depreciation & amortization is expected to grow by 16.0% in

FY24
Star Cement Ltd.'s Depreciation & amortization was higher than
average estimate 1 time in past 2 years

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 STAR CEMENT LTD. Trendlyne Stock Report
Cement & Cement Products Jan 31, 2024 03:31 PM
Cement and Construction

Forecaster Actual Revenue Avg. Estimate

Free cash flow EBIT Revenue

1k 750 5k
-38.4 -271.0 18.7 382.8 454.2 563.9 3432.3 4000.7
383.1 2946.3
671.7% 26.6% -745.8 4088.1% 95.1% 302.2 15.7% 19.4% 2691.2 14.2% 14.2%
11.9% 4k 8.2%
0 -73.3% 500 11.6% 0.5%
210.5 2102.6
6.2% 5.7%
3k
-1k 250
2k

-2k 0 1k
FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26

671.7% 26.6% -73.3% 4088.1% 95.1% 6.2% 11.6% 11.9% 15.7% 19.4% 5.7% 0.5% 8.2% 14.2% 14.2%
Surprises Estimate Surprises Estimate Surprises Estimate

Free cash flow is expected to reduce by 274.7% in FY24 EBIT is expected to grow by 13.6% in FY24 Revenue is expected to grow by 8.9% in FY24
Star Cement Ltd.'s Free cash flow was higher than average Star Cement Ltd.'s EBIT was higher than average estimate 2 Star Cement Ltd.'s Revenue was higher than average estimate 2
estimate 2 times in past 2 years times in past 2 years times in past 2 years

Capital expenditure Cash EPS

1500 20
1049.0 13.3 17.6
45.3% 22.0% 24.5%
390.9 10.3
1000 508.3 15
46.9% 8.4 8.8 9.2%
-106.4% 300.0 8.8% 6.2%
217.7 -69.4%
-9.3%
500 10

0 5
FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26

-9.3% 46.9% 45.3% -106.4% -69.4% 8.8% 6.2% 9.2% 22.0% 24.5%
Surprises Estimate Surprises Estimate

Capital expenditure is expected to grow by 82.7% in FY24 Cash EPS is expected to grow by 10.1% in FY24
Star Cement Ltd.'s Capital expenditure was higher than average Star Cement Ltd.'s Cash EPS was higher than average estimate 2
estimate 1 time in past 2 years times in past 2 years

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 STAR CEMENT LTD. Trendlyne Stock Report
Cement & Cement Products Jan 31, 2024 03:31 PM
Cement and Construction

Shareholding Summary Shareholding Trend

75%
67.0% 67.1% 66.8% 66.5% 66.5%
Promoter 66.5%

DII 6.1% 50%

FII 1.1%
25%

Public 26.4%
6.2% 6.2% 6.3% 6.1% 6.1%
0.5% 0.6% 0.7% 0.8% 1.1%
0%
Others 0.0% Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023

Promoter FII DII

0% 10% 20% 30% 40% 50% 60% 70%

Retail investors (Promoter) form the biggest shareholding segment Promoter , FII , DII , over the Dec 2023 quarter

Mutual Fund Holding and Action

8 Promoters have decreased holdings from 66.55% to 66.48% in Dec 2023 qtr
7.0 7.0 7.0

6.0 6.0 6.0

Mutual Funds have increased holdings from 5.97% to 6.02% in Dec 2023 qtr.
6
Number of MF schemes increased from 4 to 5 in Dec 2023 qtr.
4.0 4.0 4.0
4 FII/FPI have increased holdings from 0.77% to 1.05% in Dec 2023 qtr.
3.0 3.0

2.0 Number of FII/FPI investors increased from 55 to 63 in Dec 2023 qtr.

2
1.0 1.0
Institutional Investors have increased holdings from 6.90% to 7.11% in Dec 2023
0 qtr.
Jul-2023 Aug-2023 Sep-2023 Oct-2023 Nov-2023 Dec-2023

Net Holders Bought some / all Sold some / all

Major Shareholders Star Cement Ltd. : Dec '23

Superstar Promoters DII

Name Shares % Change % Name Shares % Change % Name Shares % Change %

Trusts 9.2% -0.9% SAJJAN BHAJANKA 11.8% - SBI FLEXICAP FUND 6.0% -2.9%

MAHABIR PRASAD 8.9% -0.3% PREM KUMAR BHAJ 10.1% -1.8%

AGARWAL ANKA

Bulk / Block Deals

Date Client Name Deal Type Action Avg Price Qty Exchange

17 Apr'20 SBI MUTUAL FUND Bulk Sell 72.9 10,943,385 NSE

17 Apr'20 SBI MUTUAL FUND Bulk Purchase 72.9 10,944,505 NSE

28 Nov'19 SUMANGAL INTERNATIONAL PRIVATE LIMITED Block Sell 94 1,064,000 NSE

28 Nov'19 S A TRADING CO.PVT.LTD Block Purchase 94 1,064,000 NSE

26 Nov'19 SRI RAM MERCHANTS PRIVATE LIMITED Block Sell 96 1,042,000 NSE

26 Nov'19 BRIJ BHUSHAN AGARWAL Block Purchase 96 1,042,000 NSE

04 Feb'19 SUPER DIAMOND NIRMAN PRIVATE LIMITED Block Sell 93 1,209,560 NSE

04 Feb'19 S A TRADING CO.PVT.LTD Block Purchase 93 1,209,560 NSE

25 Sep'18 SUPER DIAMOND NIRMAN PVT. LTD. Block Sell 97.8 1,025,000 NSE

25 Sep'18 BRIJ BHUSHAN AGARWAL Block Purchase 97.8 1,025,000 NSE

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 STAR CEMENT LTD. Trendlyne Stock Report
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Cement and Construction

Insider Trading / SAST

Reporting Date Client Name Client Type Regulation Action Avg Price Qty Mode

26 Dec'23 Suchita Agarwal Promoter Group Insider Trading Disposal 179.8 1,800 Market Sale

19 Dec'23 Suchita Agarwal Promoter Group Insider Trading Disposal 176.2 10,000 Market Sale

19 Dec'23 Rajendra Udyog HUF Promoter Group Insider Trading Disposal 178.8 141,000 Market Sale

08 Dec'23 RENU CHAMARIA Promoter Group Insider Trading Disposal 169.9 200,000 Market Sale

08 Dec'23 Prem Kumar Bhajanka Promoter & Director Insider Trading Acquisition 170 1,260,000 Market Purchase

08 Dec'23 Rajendra Udyog HUF Promoter Group Insider Trading Disposal 169.7 476,470 Market Sale

08 Dec'23 RAHUL CHAMARIA Promoter Group Insider Trading Disposal 169.9 500,000 Market Sale

07 Dec'23 Sajjan Bhajanka & Others Promoter SAST Disposal - 5,345,737 Market

07 Dec'23 Sajjan Bhajanka & Others Promoter SAST Acquisition - 3,310,000 Market

05 Dec'23 Rajendra Udyog HUF Promoter Group Insider Trading Disposal 170.3 5,750 Market Sale

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STAR CEMENT LTD. Trendlyne Stock Report
Cement & Cement Products Jan 31, 2024 03:31 PM
Cement and Construction

ABOUT THE COMPANY

Star Cement Ltd.

Star Cement is engaged in the manufacturing and selling of Cement Clinker & Cement. The manufacturing units are located at Lumshnong, Meghalaya, Guwahati, Assam & Siliguri, West Bengal. The Company is
selling its product across north eastern and eastern states of India.
website: www.starcement.co.in

MANAGEMENT INFORMATION

Mr. Jyoti Swaroop Agarwal Mr. Murali Krishna Garneni Mr. Pradeep Purohit Mr. Manoj Agarwal
Chief Marketing Officer Chief Manufacturing Officer(Manufacturing) President(Business Unit) Chief Financial Officer

₹3.51Cr. 2023-3-31 ₹1.90Cr. 2023-3-31 ₹1.39Cr. 2023-3-31 ₹0.96Cr. 2023-3-31

Gross Remuneration Year Gross Remuneration Year Gross Remuneration Year Gross Remuneration Year

DIRECTOR INFORMATION

Prem Kumar Bhajanka RAJENDRA CHAMARIA Sanjay Agarwal Sajjan Bhajanka

Managing Director Vice Chairman & M.D. Managing Director Chairman & Managing Director

₹3.66Cr. 2023 ₹3.04Cr. 2023 ₹1.98Cr. 2023 ₹1.98Cr. 2023

Gross Remuneration Year Gross Remuneration Year Gross Remuneration Year Gross Remuneration Year

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 STAR CEMENT LTD.
Cement & Cement Products
Cement and Construction
Detailed stock report terminology
Trendlyne’s stock report is a comprehensive company analysis report based on its durability, valuation and momentum scores along with the forecaster data, to give you a detailed analysis. The report also
includes Trendlyne’s checklist summary, technical analysis, peer comparison, mutual fund holdings details, insider trading and more.
Durability Score
Durability scores are calculated from 0-100, with zero the worst and 100 the best.
Durability scores above 55 are considered good(G) and below 35 are considered bad(B).
Scores between 35-55 are considered neutral/Medium/Middle(M).
Stocks with a high durability score (top 20 percentile) are companies that have
consistently and over time, demonstrated good growth and cash flow, stable revenues
and profits, and low debt.
The durability score considers several different metrics and ratios around earnings and
models these over time. Our stocks with high durability scores outperform the index
significantly
Valuation Score
Valuation scores are calculated from 0-100, with zero the worst and 100 the best.
Valuation scores above 50 are considered good(G) and below 30 are considered bad(B).
Scores between 30-50 are considered neutral/Medium/Middle(M)
Stocks with a high valuation score (top 20 percentile) are companies whose business and
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Momentum Score
Scores are calculated from 0-100, with zero being the worst and 100 the best.
Momentum scores above 59 are considered good(G) and below 30 are considered
bad(B). Scores between 30-59 are considered neutral/Medium/Middle(M)
Momentum score or momentum score identifies the bullish/bearish nature of the stock.
Stocks with a high momentum score (which is calculated daily from over 30 technical
indicators) are seeing their share price rise, and increase in volumes and sentiment.
A low and falling momentum score indicates a falling share price. The pace at which this is
changing is also important for the momentum score.
Analyst recommendation
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Trendlyne Stock Report
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Trendlyne Checklist Score
Trendlyne Checklist evaluates a stock based on its financial performance, ownership, peer
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company based on the score.
PE buy/sell zone
The PE buy/sell zone is calculated based on how many days a stock has traded at its
current PE level. The current PE is compared to the stock’s historical PE performance, to
find out how often (for how many days in the past) the stock has traded at its current PE
value.
If the stock has usually traded above its current PE level (it’s at a higher PE for the
majority of trading days), then the stock is cheaper than usual and in the PE buy zone.
If the stock has usually traded below its current PE level (it’s at a lower PE for the
majority of trading days), then the stock is more expensive than usual and in the PE sell
zone.
Price Volume Charts
Price volume charts are a type of financial chart that combines two key pieces of
information about a stock: its price and trading volume. They are commonly used in
technical analysis to identify trends and patterns in the market.
In a price volume chart, the price of the security is plotted on the vertical axis, while the
trading volume is shown on the horizontal axis. Each data point on the chart represents a
single trading day, and the size of the data point may be proportional to the trading
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Peer Comparison
Peer comparison in financial analysis is a method of comparing the financial performance
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overperforming. In Trendlyne’s stock report, DVM scores are also included in the peer
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Technical Analysis
Technical analysis is a method of analyzing stocks and other financial instruments that
relies on charts and statistical indicators to identify trends and patterns in price and
trading volume.
Key momentum metrics included - relative strength index (RSI), Stochastic RSI, Ultimate
Oscillator, moving average convergence divergence (MACD), average true range (ATR),
money flow index (MFI), William, CCI 20 and Awesome Oscillator. Simple and
exponential moving averages are also included.
To analyse the volatility of the stock, Beta over different periods of time, Average
Directional Movement Index and Bollinger bonds are used. Along with this, active
candlesticks, daily volume analysis is also provided in the rapport.
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