Star Cement quarterly results and financials

Star Cement (STARCEMENT)₹176.08+0.22%(9 Nov 2026 close)Cement & Cement Products

Key facts

In the Jun 2026 quarter (consolidated), Star Cement reported sales of ₹946 Cr, up 3.4% from Jun 2025, and net profit of ₹74.22 Cr, down 24.5% year on year. For the year to Mar 2026, sales were ₹3,789 Cr and net profit ₹391 Cr.

Sales (Jun 2026): ₹946 Cr
Net profit (Jun 2026): ₹74.22 Cr
Sales (FY Mar 2026): ₹3,789 Cr
Net profit (FY Mar 2026): ₹391 Cr
EPS (Jun 2026): ₹1.84
Borrowings (Mar 2026): ₹605 Cr

Company filings, consolidated accounts; latest reported quarter Jun 2026

Star Cement quarterly results

₹ crore unless stated; each column is a quarter.

Star Cement Quarterly results
	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	587	654	917	753	644	721	1,055	915	814	882	1,178	946
Expenses	485	501	731	633	544	613	786	681	618	676	854	745
Operating Profit	98.60	149	179	116	95.66	104	262	227	189	201	314	193
OPM %	17.0%	22.9%	19.9%	14.9%	15.0%	14.0%	25.0%	24.9%	23.0%	23.0%	26.9%	20.9%
Other Income	6.02	4.01	8.02	1.01	2.01	3.01	5.01	2.01	3.01	−1.01	3.01	8.02
Interest	2.99	2.99	3.99	5.98	6.98	9.99	8.99	9.97	10.97	11.97	12.98	13.97
Depreciation	35.97	36.97	41.98	72.92	82.88	88.98	87.94	84.94	89.88	90.98	98.95	91.01
Profit before tax	64.88	113	141	38.93	7.98	7.99	171	135	91.87	98.87	207	97.83
Tax %	38.0%	35.0%	37.9%	21.0%	25.0%	−19.1%	28.0%	27.0%	23.0%	25.0%	29.0%	24.0%
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	−3.99	−3.99	0.00
Net Profit	41.12	74.16	88.27	31.08	6.01	9.02	123	98.32	71.20	74.24	147	74.22
EPS (Rs)	1.00	1.81	2.16	0.76	0.13	0.21	3.04	2.43	1.77	1.84	3.65	1.84

Star Cement profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Star Cement Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1,721	1,533	1,620	1,835	1,849	1,725	2,229	2,713	2,919	3,173	3,789	3,820
Expenses	1,312	1,115	1,090	1,377	1,444	1,383	1,871	2,227	2,343	2,574	2,829	2,894
Operating Profit	398	407	519	447	393	332	344	466	555	577	933	898
OPM %	22.9%	26.9%	31.9%	24.9%	20.9%	18.9%	15.9%	16.9%	18.9%	18.0%	24.9%	23.5%
Other Income	1.01	2.01	4.01	5.01	29.09	−36.12	33.08	52.10	25.08	10.02	8.02	13.03
Interest	82.79	77.83	51.91	13.97	8.98	6.99	12.97	9.98	12.97	31.95	45.91	49.89
Depreciation	171	118	121	106	92.87	89.91	122	131	147	332	365	371
Profit before tax	145	215	353	335	321	199	244	379	423	226	531	495
Tax %	4.0%	6.0%	5.0%	9.0%	11.0%	6.0%	−1.0%	35.0%	29.9%	25.0%	27.0%	—
Exceptional items	0.00	0.00	0.00	0.00	0.00	−58.84	0.00	0.00	−0.99	0.00	−7.98	−7.98
Net Profit	139	195	337	306	288	188	248	249	296	169	391	367
EPS (Rs)	3.19	4.63	7.88	7.12	6.91	4.53	6.10	6.12	7.29	4.17	9.72	9.10
Dividend payout %	0.0%	0.0%	13.1%	0.0%	14.1%	0.0%	0.0%	0.0%	0.0%	0.0%	10.1%	—

Star Cement balance sheet

₹ crore, at each year end.

Star Cement Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	42.01	42.03	41.98	42.01	42.04	41.06	41.01	39.99	39.99	40.01	40.07	40.02
Reserves	877	1,010	1,102	1,429	1,678	1,813	2,029	2,123	2,371	2,665	2,835	3,141
Borrowings	882	943	803	433	74.22	13.04	18.05	16.05	35.07	147	404	605
Other Liabilities	386	470	533	598	500	490	472	562	683	749	829	856
Total Liabilities	2,188	2,465	2,479	2,503	2,295	2,357	2,560	2,742	3,129	3,601	4,108	4,643
Fixed Assets	1,028	920	863	785	722	696	823	923	892	1,418	2,422	2,611
CWIP	40.97	48.99	54.98	35.99	73.92	238	127	109	551	1,022	220	94.90
Investments	1.99	1.99	0.99	0.99	1.99	1.99	1.99	167	173	1.99	1.99	258
Other Assets	1,117	1,495	1,560	1,681	1,496	1,422	1,610	1,542	1,514	1,161	1,463	1,679
Inventories	109	209	161	296	278	257	235	195	375	336	447	467
Trade receivables	311	450	138	146	144	122	132	129	105	152	201	243
Cash & equivalents	20.01	24.01	20.01	19.99	211	284	472	385	312	96.93	51.97	125
Total Assets	2,188	2,465	2,479	2,503	2,295	2,357	2,560	2,742	3,129	3,601	4,108	4,643

Star Cement cash flow

₹ crore, for each year.

Star Cement Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	261	96.74	299	420	615	482	349	416	357	488	295	763
Cash from investing activity	−41.14	−79.34	−89.29	−25.11	−194	−137	−334	−290	−256	−652	−531	−846
Cash from financing activity	−209	−13.94	−217	−391	−346	−200	−2.99	−175	9.96	85.73	223	51.76
Net cash flow	11.01	4.01	−7.01	2.01	76.04	146	14.03	−47.06	114	−74.06	−8.01	−27.01
Capex	43.01	82.01	89.01	32.01	80.04	228	108	199	572	1,036	581	493
Free cash flow	218	15.99	211	388	536	256	243	220	−211	−546	−279	278
CFO / OP %	65.0%	31.0%	80.0%	93.0%	150.0%	135.0%	114.0%	131.0%	91.0%	102.0%	63.0%	93.0%

Star Cement ratios

Working-capital days and returns, by year.

Star Cement Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	78	95	32	32	28	23	27	20	13	18	22	22
Inventory days	173	220	172	355	231	232	211	123	399	254	313	342
Days payable	122	148	101	228	105	87	89	135	297	166	164	189
Cash conversion cycle	131	169	106	162	157	172	152	11	118	108	174	178
Working capital days	21	35	137	163	110	94	88	31	0	−13	11	16
ROCE %	12.0%	12.0%	13.9%	19.9%	18.0%	17.0%	13.0%	12.0%	16.9%	16.0%	7.9%	16.9%

Star Cement: frequently asked questions

What are the latest quarterly results of Star Cement?

For the Jun 2026 quarter, Star Cement reported sales of ₹946 Cr, up 3.4% year on year and net profit of ₹74.22 Cr, down 24.5% year on year. The operating margin was 20.9%.

What is the annual revenue of Star Cement?

Star Cement's sales for the year to Mar 2026 were ₹3,789 Cr; over the last twelve months they were ₹3,820 Cr.

What is the net profit of Star Cement?

Net profit for the year to Mar 2026 was ₹391 Cr, and ₹367 Cr over the last twelve months. Earnings per share over the same trailing period were ₹9.10.

How much debt does Star Cement have?

Star Cement reported borrowings of ₹605 Cr at Mar 2026, against cash and equivalents of ₹125 Cr.

What is the free cash flow of Star Cement?

Cash from operations was ₹763 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹278 Cr.

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