Star Cement Stock | Analysis for March 2026, Price & Rating

Star Cement

BSE:540575

Rp 208,45

Rp0,00 (0,00%)

208,45 Rp

Rp0,00 (0,00%)

End-of-day quote: 03/27/2026

Star Cement Stock Value

The analyst rating for BSE:540575 is currently Outperform.

Outperform

Star Cement Company Info

EPS Growth 5Y

-9,41%

Market Cap

Rp84,25 B

Long-Term Debt

Rp2,93 B

Annual earnings

05/16/2026 (E)

Dividend

Rp2,00

Dividend Yield

0,96%

Founded

2001

Industry

Materials

Country

India

Website

Star Cement

ISIN Number

INE460H01021

Website

http://www.starcement.co.in

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Rp291,00

39.6%

Last Update: 03/29/2026

Analysts: 12

Highest Price Target Rp375,00

Average Price Target Rp291,00

Lowest Price Target Rp186,00

In the last five quarters, Star Cement’s Price Target has risen from Rp128,40 to Rp162,00 - a 26,17% increase. Eleven analysts predict that Star Cement’s share price will increase in the coming year, reaching Rp291,00. This would represent an increase of 39,60%.

Top growth stocks in the materials sector (5Y.)

What does Star Cement do?

Star Cement Limited is a leading player in the cement industry of India, primarily focusing on the manufacturing of a diverse portfolio of cement products. This company specializes in producing various types of cement, which serve a multitude of applications, from residential to commercial and infrastructural needs. Its operational processes emphasize high standards of quality and sustainability, meeting both domestic and international norms. The company is not only involved in the production o...

The company is not only involved in the production of cement but also plays an active role in the supply chain by engaging in the procurement and processing of raw materials.

Business Segments

The company operates through multiple business segments that are strategically aligned to promote growth and diversification. The primary segments include cement manufacturing, clinker production, and power generation, each contributing to the overall operations and profitability of the company.

In the cement manufacturing segment, the company produces a variety of cement brands that are tailored to meet the specifications and requirements of different consumer segments. The products range from Normal Portland Cement to specialized types like Pozzolana Portland Cement. This allows the company to cater to a diverse clientele, encompassing residential, commercial, and government projects.

The clinker production segment is crucial for the company’s operations, as clinker serves as a key intermediate product in cement manufacturing. The company utilizes advanced technologies in its clinker production process to ensure high-quality output while maintaining operational efficiency. This segment not only supports the company’s internal cement production but also enables it to sell clinker to external markets, thereby creating additional revenue streams.

Power generation is another significant segment, where the company has established units that harness renewable energy sources for operational use. This segment underscores the company's commitment to sustainability and reduces dependency on conventional energy sources, ultimately resulting in cost savings and reduced environmental impact.

Each of these segments operates in harmony with the company's overall strategy of enhancing operational efficiency, minimizing costs, and maximizing profitability. By maintaining a balanced focus on these business segments.

Business Strategy

The company's business strategy revolves around sustainable growth, innovation, and customer satisfaction. The company prioritizes the production of high-quality cement products that meet evolving market trends and consumer demands. It aims to achieve competitive advantage by continually enhancing its manufacturing processes and exploring new technologies that improve efficiency and reduce costs.

A significant focus is placed on sustainable practices within the operational framework. This includes the implementation of eco-friendly materials and energy sources, contributing to the broader goal of reducing carbon emissions and environmental impact. The company actively seeks to incorporate alternative raw materials and utilize energy-efficient technologies in its production process.

Market expansion is a key component of the company’s strategy. The company identifies existing and emerging markets to increase its reach and penetration. Engagement in strategic partnerships and collaborations is pursued to facilitate market entry and enhance distribution capabilities.

The continuous input of research and development is essential for the company, allowing it to innovate new product offerings and improve existing ones. This serves to keep the company at the forefront of industry trends, ensuring that customer expectations are not only met but exceeded.

Customer centricity is foundational to the company’s strategy. The company continually engages with its customers to obtain feedback, enhancing products based on consumer preferences. This approach builds long-term relationships and cultivates brand loyalty.

Additionally, the company adheres to stringent corporate governance and compliance practices to uphold its reputation and trust among stakeholders. The company's commitment to ethical business practices and transparency further establishes its position as a responsible corporate entity.

Products and Services

The company has an extensive product line that focuses on high-quality cement designed to suit the needs of various construction projects. The product offerings include:

Normal Portland Cement (OPC): This is a fundamental type of cement suitable for a wide range of applications. The company's OPC is recognized for its high performance and durability.

Pozzolana Portland Cement (PPC): This product combines traditional cement with pozzolanic materials, enhancing its properties. PPC is ideal for constructions where sustainability and long-term performance are critical.

Specialty Cements: The company manufactures various specialty cements designed for specific applications, including rapid-setting types and cements with added strength benefits.

Clinker: The company engages in clinker production, which serves as a key ingredient for cement manufacturing both for its internal processes and for sale to other manufacturers.

Geographical Markets Served

The company primarily serves the northeastern region of India, with a strategic focus on expanding its reach to various geographical markets. The company has established a strong foothold in states such as Assam, Meghalaya, and Tripura, among others, by capitalizing on the growing demand for quality cement products driven by infrastructure development and urbanization initiatives.

Seasonality

The company experiences a degree of seasonality in its operations, primarily influenced by regional construction cycles and monsoon seasons. Demand for cement typically escalates during the dry months, coinciding with increased construction activities across various sectors, including residential, commercial, and government projects.

The monsoon season, however, tends to witness a slower phase in construction, impacting cement demand. To mitigate the effects of seasonality, the company maintains a robust inventory management strategy, allowing it to manage supply effectively during fluctuating demand periods.

Customers

The company serves a diverse clientele, which includes contractors, builders, and construction firms across various sectors. The company’s customer base spans residential, commercial, and infrastructural projects, establishing strong relationships within the industry.

Marketing and Distribution Channels

The company employs a multifaceted approach to marketing and distribution. The company leverages both traditional and digital marketing strategies to reach various customer segments effectively. Marketing campaigns focus on showcasing the quality and range of products offered, alongside emphasizing the company’s commitment to sustainable practices.

Distribution channels are optimized to ensure timely delivery of products to customers, relying on an extensive network that extends across its operational regions. The company partners with local distributors, cement retailers, and construction firms for effective market penetration.

The company also invests in technology to improve its distribution capabilities, ensuring that inventory management and logistics are handled efficiently. This commitment to modernizing distribution processes aligns with the company’s overall business strategy for growth and market leadership.

History

The company was founded in 2001. It was incorporated in 2001. The company was formerly known as Cement Manufacturing Company Limited and changed its name to Star Cement Limited in 2016.

Star Cement Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Main industry:** Cement production **TOP 3 markets:** 1. **India:** approx. 70% 2. **Bangladesh:** approx. 15% 3. **Nepal:** approx. 10% Star Cement Limited generates the majority of its revenue from cement production. The Indian market is the company's dominant sales market, drive...

At which locations are the company’s products manufactured?

**Production sites of Star Cement Limited:** 1. **Meghalaya, India** 2. **Assam, India** 3. **West Bengal, India** Star Cement Limited operates multiple production facilities in India, mainly in the northeastern part of the country. The main production plant is located in Meghalaya, known for its...

What strategy does Star Cement pursue for future growth?

**Revenue Growth:** Estimate 10-12% annually (2026) Star Cement Limited is pursuing a growth strategy focused on capacity expansion and geographical expansion. The company plans to significantly increase its production capacities in the coming years to meet the growing demand in the northeastern re...

Which raw materials are imported and from which countries?

**Main raw materials:** Limestone, gypsum, coal, clinker **Import countries:** - **Coal:** Indonesia, South Africa - **Gypsum:** Oman, Thailand - **Clinker:** Vietnam, Thailand Star Cement Limited imports several essential raw materials required for cement production. Limestone, the main component...

How strong is the company’s competitive advantage?

**Market share:** 4% (estimated, 2026) **EBITDA margin:** 18% (2025) **Capacity utilization:** 75% (2025) Star Cement Limited has a moderate competitive advantage in the cement industry, especially in the northeastern part of India, where the company has a strong market presence. The estimated...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** Estimated at around 30% (2026) **Insider Buys/Sells:** No significant transactions in the last year (estimated 2026) Star Cement Limited has a moderate institutional investor share, indicating a certain level of trust from institutional investors in the company&#0...

What percentage market share does Star Cement have?

**Market share of Star Cement Limited:** Estimated 5% (2026) **Main competitors and their market shares:** 1. UltraTech Cement: 23% 2. Shree Cement: 15% 3. Ambuja Cements: 10% 4. ACC Limited: 8% 5. Dalmia Bharat: 7% 6. JK Cement: 6% 7. Star Cement Limited: 5% 8. Ramco Cements: 4% 9. India Cements:...

Is Star Cement stock currently a good investment?

**Revenue Growth:** 8.5% (2025) **EBITDA Margin:** 18.2% (2025) **Market Share in Northeast India:** 23% (2025) Star Cement Limited has recorded solid revenue growth of 8.5% in recent years, driven by strong demand in its core markets, especially in Northeast India. The EBITDA margin of 18.2% demon...

Does Star Cement pay a dividend – and how reliable is the payout?

**Dividend Yield:** 4.5% (2025) **Dividend History:** Continuous payout over the last 5 years Star Cement Limited has regularly distributed dividends to its shareholders in recent years. The dividend yield was last at 4.5% for the year 2025, indicating an attractive payout policy. Over the past fi...

New support ticket

Explore

Star Cement Stock Value

Star Cement Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the materials sector (5Y.)

What does Star Cement do?

Star Cement Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

Star Cement Stock Value

Star Cement Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the materials sector (5Y.)

What does Star Cement do?

Star Cement Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.