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Star Cement

BSE:540575
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
540575
BSE
₹41B
Market Cap
  1. Home
  2. IN
  3. Materials
Company description

Star Cement Limited manufactures and sells cement and clinker products in India. The last earnings update was 19 days ago. More info.


Add to Portfolio Compare Print
  • Star Cement has significant price volatility in the past 3 months.
540575 Share Price and Events
7 Day Returns
-5.3%
BSE:540575
-1.3%
IN Basic Materials
-0.7%
IN Market
1 Year Returns
-12.6%
BSE:540575
-7.5%
IN Basic Materials
-12.1%
IN Market
540575 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Star Cement (540575) -5.3% -11.4% -13.1% -12.6% - -
IN Basic Materials -1.3% -5.8% -8.5% -7.5% 2.7% 51.4%
IN Market -0.7% -3.2% -7.6% -12.1% 12.8% 24.7%
1 Year Return vs Industry and Market
  • 540575 underperformed the Basic Materials industry which returned -7.5% over the past year.
  • 540575 matched the India Market (-12.1%) over the past year.
Price Volatility
540575
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Star Cement undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Star Cement to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Star Cement.

BSE:540575 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-06-30) in INR ₹ 1.99
Payout Ratio Company Filings (2019-06-30) 0%
Discount Rate (Cost of Equity) See below 16.9%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:540575
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Basic Materials Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.897 (1 + (1- 35%) (1.25%))
1.092
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.092 * 8.6%)
16.94%

Discounted Cash Flow Calculation for BSE:540575 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Star Cement is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

BSE:540575 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ₹1.99 / (16.94% - 7.55%)
₹21.19
BSE:540575 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹21.19
Current discount Discount to share price of ₹97.55
= -1 x (₹97.55 - ₹21.19) / ₹21.19
-360.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Star Cement is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Star Cement's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Star Cement's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:540575 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in INR ₹6.98
BSE:540575 Share Price ** BSE (2019-08-19) in INR ₹97.55
India Basic Materials Industry PE Ratio Median Figure of 56 Publicly-Listed Basic Materials Companies 19.43x
India Market PE Ratio Median Figure of 2,744 Publicly-Listed Companies 13.34x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Star Cement.

BSE:540575 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:540575 Share Price ÷ EPS (both in INR)

= 97.55 ÷ 6.98

13.98x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Star Cement is good value based on earnings compared to the IN Basic Materials industry average.
  • Star Cement is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Star Cement's expected growth come at a high price?
Raw Data
BSE:540575 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.98x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
15.9%per year
India Basic Materials Industry PEG Ratio Median Figure of 23 Publicly-Listed Basic Materials Companies 1.12x
India Market PEG Ratio Median Figure of 548 Publicly-Listed Companies 1.08x

*Line of best fit is calculated by linear regression .

BSE:540575 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.98x ÷ 15.9%

0.88x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Star Cement is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Star Cement's assets?
Raw Data
BSE:540575 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in INR ₹41.09
BSE:540575 Share Price * BSE (2019-08-19) in INR ₹97.55
India Basic Materials Industry PB Ratio Median Figure of 64 Publicly-Listed Basic Materials Companies 1.1x
India Market PB Ratio Median Figure of 3,660 Publicly-Listed Companies 0.87x
BSE:540575 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:540575 Share Price ÷ Book Value per Share (both in INR)

= 97.55 ÷ 41.09

2.37x

* Primary Listing of Star Cement.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Star Cement is overvalued based on assets compared to the IN Basic Materials industry average.
X
Value checks
We assess Star Cement's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Basic Materials industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Basic Materials industry average (and greater than 0)? (1 check)
  5. Star Cement has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Star Cement expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Star Cement expected to grow at an attractive rate?
  • Star Cement's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Star Cement's earnings growth is positive but not above the India market average.
  • Star Cement's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
BSE:540575 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:540575 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 15.9%
BSE:540575 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 14.1%
India Basic Materials Industry Earnings Growth Rate Market Cap Weighted Average 15.5%
India Basic Materials Industry Revenue Growth Rate Market Cap Weighted Average 10.1%
India Market Earnings Growth Rate Market Cap Weighted Average 17.8%
India Market Revenue Growth Rate Market Cap Weighted Average 11.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:540575 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:540575 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 26,996 5,588 4,633 1
2021-03-31 22,833 4,954 3,729 6
2020-03-31 20,061 7,677 3,225 6
BSE:540575 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-06-30 17,865 2,923
2019-03-31 18,365 2,988
2018-12-31 18,273 3,169
2018-09-30 17,875 3,241
2018-06-30 17,065 3,135
2018-03-31 16,173 4,206 3,307
2017-12-31 16,046 3,283
2017-09-30 17,325 2,683
2017-06-30 17,631 2,442
2017-03-31 15,289 3,000 1,947
2016-12-31 17,757 1,251
2016-09-30 17,015 1,206

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Star Cement's earnings are expected to grow by 15.9% yearly, however this is not considered high growth (20% yearly).
  • Star Cement's revenue is expected to grow by 14.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:540575 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Star Cement Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:540575 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 11.00 11.00 11.00 1.00
2021-03-31 9.14 10.00 8.30 5.00
2020-03-31 7.76 8.50 6.80 5.00
BSE:540575 Past Financials Data
Date (Data in INR Millions) EPS *
2019-06-30 6.98
2019-03-31 7.13
2018-12-31 7.57
2018-09-30 7.73
2018-06-30 7.48
2018-03-31 7.89
2017-12-31 7.80
2017-09-30 6.41
2017-06-30 5.82
2017-03-31 4.64
2016-12-31 2.97
2016-09-30 2.88

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Star Cement is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Star Cement's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Star Cement has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Star Cement performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Star Cement's growth in the last year to its industry (Basic Materials).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Star Cement has delivered over 20% year on year earnings growth in the past 5 years.
  • Star Cement's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Star Cement's 1-year earnings growth is negative, it can't be compared to the IN Basic Materials industry average.
Earnings and Revenue History
Star Cement's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Star Cement Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:540575 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 17,864.80 2,923.41 1,194.62
2019-03-31 18,365.16 2,987.77 1,164.12
2018-12-31 18,272.70 3,168.62 1,401.74
2018-09-30 17,874.64 3,241.33 1,376.15
2018-06-30 17,064.50 3,134.98 1,323.80
2018-03-31 16,172.67 3,306.56 1,340.38
2017-12-31 16,046.16 3,282.50 1,203.73
2017-09-30 17,324.52 2,683.05 1,651.92
2017-06-30 17,630.64 2,441.98 1,177.76
2017-03-31 15,289.31 1,947.24 1,464.54
2016-12-31 17,756.76 1,250.53 3,090.59
2016-09-30 17,015.13 1,206.12 2,367.80
2016-06-30 17,008.22 1,089.54 2,049.57
2016-03-31 17,150.29 1,340.38 1,757.42
2015-12-31 16,564.28 1,536.54 1,369.51
2015-09-30 15,654.28 1,636.54 1,369.51
2015-06-30 15,166.92 1,436.54 1,369.51
2015-03-31 14,306.92 1,186.54 1,369.51
2014-03-31 10,279.90 -41.99 1,166.87
2013-03-31 5,949.71 429.09 478.23

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Star Cement has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Star Cement used its assets more efficiently than the IN Basic Materials industry average last year based on Return on Assets.
  • Star Cement has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Star Cement's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Basic Materials industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Star Cement has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Star Cement's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Star Cement's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Star Cement is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Star Cement's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Star Cement's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 22.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Star Cement Company Filings, last reported 1 month ago.

BSE:540575 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 17,919.65 513.28 2,113.13
2019-03-31 17,919.65 513.28 2,113.13
2018-12-31 16,168.09 879.55 220.24
2018-09-30 16,168.09 879.55 220.24
2018-06-30 15,384.65 4,324.17 186.36
2018-03-31 15,384.65 4,324.17 186.36
2017-12-31 14,264.67 5,779.28 222.31
2017-09-30 14,264.67 5,779.28 222.31
2017-06-30 12,869.29 6,575.93 200.80
2017-03-31 12,025.67 8,007.20 162.82
2016-12-31 11,815.93 8,328.14 397.24
2016-09-30
2016-06-30
2016-03-31 11,083.79 9,397.96 237.61
2015-12-31
2015-09-30
2015-06-30 9,690.35 8,804.67 203.09
2015-03-31 9,690.35 8,804.67 203.09
2014-03-31 8,879.55 9,641.92 114.13
2013-03-31 9,036.84 9,020.03 250.01
  • Star Cement's level of debt (2.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (103.8% vs 2.9% today).
  • Debt is well covered by operating cash flow (819.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 29.2x coverage).
X
Financial health checks
We assess Star Cement's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Star Cement has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Star Cement's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.03%
Current annual income from Star Cement dividends. Estimated to be 2.04% next year.
If you bought ₹2,000 of Star Cement shares you are expected to receive ₹21 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Star Cement's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.63%).
  • Star Cement's dividend is below the markets top 25% of dividend payers in India (2.52%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:540575 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
India Basic Materials Industry Average Dividend Yield Market Cap Weighted Average of 41 Stocks 0.5%
India Market Average Dividend Yield Market Cap Weighted Average of 1442 Stocks 1.5%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:540575 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 3.00 1.00
2021-03-31 1.86 5.00
2020-03-31 1.90 4.00
BSE:540575 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-05-17 1.000 0.934

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether Star Cement has stable dividend payments.
  • Star Cement only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Star Cement's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.4x coverage).
X
Income/ dividend checks
We assess Star Cement's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Star Cement afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Star Cement has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Star Cement's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Sanjay Gupta
COMPENSATION ₹11,490,000
AGE 49
TENURE AS CEO 16.4 years
CEO Bio

Mr. Sanjay Kumar Gupta has been the Chief Executive Officer of Star Ferro and Cement Limited since September 20, 2014. Mr. Gupta has been the Chief Executive Officer at Star Cement Limited since March 2003. He served as the Chief Financial Officer of Star Ferro and Cement Limited until September 20, 2014. Mr. Gupta served as the Chief Financial Officer of Century Plyboards (India) Limited until March 31, 2012. He has an experience in management finance and operations.

CEO Compensation
  • Sanjay's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Sanjay's remuneration is lower than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Star Cement management team in years:

2
Average Tenure
58
Average Age
  • The tenure for the Star Cement management team is about average.
Management Team

Sajjan Bhajanka

TITLE
Chairman & MD
COMPENSATION
₹6M
AGE
67

Sanjay Gupta

TITLE
Chief Executive Officer
COMPENSATION
₹11M
AGE
49
TENURE
16.4 yrs

Rajendra Chamaria

TITLE
Vice Chairman & MD
COMPENSATION
₹7M
AGE
61

Sanjay Agarwal

TITLE
MD & Director
COMPENSATION
₹6M
AGE
58

Manoj Agarwal

TITLE
Chief Financial Officer
COMPENSATION
₹4M
AGE
48
TENURE
1.8 yrs

Debabrata Thakurta

TITLE
Compliance Officer & Company Secretary
COMPENSATION
₹2M
TENURE
2 yrs

Prakash Panda

TITLE
Assistant Vice President of Human Resource & Administration
AGE
50

Jyoti Agarwal

TITLE
President of Sales & Marketing
AGE
59

Nupur Burman

TITLE
Executive
COMPENSATION
₹381K

Vishal Agarwal

TITLE
Executive
COMPENSATION
₹403K
Board of Directors Tenure

Average tenure and age of the Star Cement board of directors in years:

7.5
Average Tenure
61
Average Age
  • The tenure for the Star Cement board of directors is about average.
Board of Directors

Sajjan Bhajanka

TITLE
Chairman & MD
COMPENSATION
₹6M
AGE
67

Rajendra Chamaria

TITLE
Vice Chairman & MD
COMPENSATION
₹7M
AGE
61

Sanjay Agarwal

TITLE
MD & Director
COMPENSATION
₹6M
AGE
58
TENURE
16.8 yrs

Mangilal Jain

TITLE
Independent Director
COMPENSATION
₹157K
AGE
88
TENURE
12.7 yrs

Prem Bhajanka

TITLE
Non-Executive Director
AGE
61
TENURE
16.8 yrs

Pankaj Kejriwal

TITLE
Non-Executive Non-Independent Director
AGE
47
TENURE
16.4 yrs

Santanu Ray

TITLE
Independent Director
COMPENSATION
₹65K
AGE
70
TENURE
2.3 yrs

Plistina Dkhar

TITLE
Independent Director
COMPENSATION
₹30K
AGE
59
TENURE
2.3 yrs

Ibaridor War

TITLE
Independent Director
COMPENSATION
₹30K
AGE
43
TENURE
2.3 yrs

Pramod Shah

TITLE
Independent Director
COMPENSATION
₹60K
AGE
67
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • Star Cement individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
30. May 19 Sell Vinay Chamaria Individual 16. May 19 28. May 19 -15,123 ₹119.98 ₹-1,781,221
04. Jun 19 Sell Vinay Chamaria Individual 30. May 19 30. May 19 -8,016 ₹124.17 ₹-995,322
17. May 19 Sell Vinay Chamaria Individual 10. May 19 13. May 19 -10,840 ₹109.82 ₹-1,185,527
02. Apr 19 Sell Kamakhya Chamaria Individual 28. Mar 19 28. Mar 19 -20,000 ₹100.44 ₹-2,008,750
01. Apr 19 Sell Rajendra Chamaria Individual 28. Mar 19 28. Mar 19 -1,125,000 ₹99.92 ₹-112,406,583
12. Mar 19 Sell Laxmi Chamaria Individual 15. Feb 19 08. Mar 19 -12,405 ₹99.85 ₹-1,231,267
12. Mar 19 Sell Rajendra Chamaria Individual 06. Mar 19 06. Mar 19 -1,159,500 ₹99.92 ₹-115,858,034
18. Feb 19 Buy Sanjay Agarwal Individual 14. Feb 19 14. Feb 19 7,500 ₹91.31 ₹684,830
16. Feb 19 Buy Prem Bhajanka Individual 14. Feb 19 14. Feb 19 7,500 ₹91.20 ₹683,970
16. Feb 19 Buy Sajjan Bhajanka Individual 14. Feb 19 14. Feb 19 7,500 ₹91.59 ₹686,895
11. Dec 18 Sell Vinay Chamaria Individual 22. Oct 18 05. Dec 18 -11,158 ₹106.21 ₹-1,185,039
20. Oct 18 Sell Vinay Chamaria Individual 08. Oct 18 19. Oct 18 -25,277 ₹107.71 ₹-2,646,692
08. Oct 18 Sell Vinay Chamaria Individual 01. Oct 18 05. Oct 18 -15,361 ₹105.78 ₹-1,624,872
29. Sep 18 Sell Sanjay Gupta Individual 27. Sep 18 28. Sep 18 -13,063 ₹104.24 ₹-1,361,752
28. Sep 18 Sell Vinay Chamaria Individual 21. Sep 18 27. Sep 18 -24,360 ₹101.26 ₹-2,466,667
21. Sep 18 Sell Vinay Chamaria Individual 03. Sep 18 19. Sep 18 -10,100 ₹105.11 ₹-1,061,567
20. Sep 18 Sell Sanjay Gupta Individual 07. Sep 18 18. Sep 18 -9,565 ₹103.38 ₹-988,817
22. Aug 18 Sell Sanjay Gupta Individual 20. Aug 18 21. Aug 18 -5,795 ₹113.82 ₹-659,586
X
Management checks
We assess Star Cement's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Star Cement has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Star Cement Limited (BOM:540575) A Buy At Its Current PE Ratio?

and want to better understand how you can grow your money by investing in Star Cement Limited (BOM:540575). … Star Cement Limited (BOM:540575) trades with a trailing P/E of 16.5x, which is lower than the industry average of 22x. … While this makes 540575 appear like a great stock to buy, you might change your mind after I explain the assumptions behind the P/E ratio.

Simply Wall St -

Company Info

Description

Star Cement Limited manufactures and sells cement and clinker products in India. The company offers ordinary Portland, Portland pozzolana, Portland slag, and antirust cement products under the Star Cement brand. It also exports its products. The company was formerly known as Cement Manufacturing Company Limited and changed its name to Star Cement Limited in June 2016. The company was incorporated in 2001 and is based in Kolkata, India. Star Cement Limited is a subsidiary of Century Plyboards (India) Limited.

Details
Name: Star Cement Limited
540575
Exchange: BSE
Founded: 2001
₹41,126,364,605
419,228,997
Website: http://www.starcement.co.in
Address: Star Cement Limited
Satyam Towers,
1st Floor,
Kolkata,
West Bengal, 700027,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 540575 Equity Shares Mumbai Stock Exchange IN INR 16. Jun 2017
NSEI STARCEMENT Equity Shares National Stock Exchange of India IN INR 16. Jun 2017
Number of employees
Current staff
Staff numbers
0
Star Cement employees.
Industry
Construction Materials
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/19 12:57
End of day share price update: 2019/08/19 00:00
Last estimates confirmation: 2019/08/06
Last earnings filing: 2019/07/31
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.