Star Cement Limited
Star Cement Limited manufactures and supplies cement and clinker products in India and internationally. The company offers ordinary Portland, Portland pozzolana, and antirust and weather shield products under the Star Cement brand. It also generates power, as well as provides fleet services. The company was formerly known as Cement Manufacturing Company Limited and changed its name to Star Cement… Read more
Star Cement Limited (STARCEMENT) - Net Assets
Latest net assets as of September 2025: ₹30.07 Billion INR
Based on the latest financial reports, Star Cement Limited (STARCEMENT) has net assets worth ₹30.07 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹43.72 Billion) and total liabilities (₹13.65 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹30.07 Billion |
| % of Total Assets | 68.78% |
| Annual Growth Rate | 132.74% |
| 5-Year Change | 38.8% |
| 10-Year Change | 160.09% |
| Growth Volatility | 491398.73 |
Star Cement Limited - Net Assets Trend (2012–2025)
This chart illustrates how Star Cement Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Star Cement Limited (2012–2025)
The table below shows the annual net assets of Star Cement Limited from 2012 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹28.79 Billion | +6.23% |
| 2024-03-31 | ₹27.10 Billion | +12.16% |
| 2023-03-31 | ₹24.16 Billion | +11.43% |
| 2022-03-31 | ₹21.68 Billion | +4.55% |
| 2021-03-31 | ₹20.74 Billion | +7.63% |
| 2020-03-31 | ₹19.27 Billion | +7.55% |
| 2019-03-31 | ₹17.92 Billion | +16.48% |
| 2018-03-31 | ₹15.38 Billion | +19.55% |
| 2017-03-31 | ₹12.87 Billion | +16.26% |
| 2016-03-31 | ₹11.07 Billion | +14.23% |
| 2015-03-31 | ₹9.69 Billion | +9.13% |
| 2014-03-31 | ₹8.88 Billion | -1.74% |
| 2013-03-31 | ₹9.04 Billion | +1844120.00% |
| 2012-03-31 | ₹490.01K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Star Cement Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2768754600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹27.69 Billion | 96.16% |
| Common Stock | ₹404.18 Million | 1.40% |
| Other Components | ₹700.22 Million | 2.43% |
| Total Equity | ₹28.79 Billion | 100.00% |
Star Cement Limited Competitors by Market Cap
The table below lists competitors of Star Cement Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hung Ching Development & Construction Co Ltd
TW:2527
|
$137.37 Million |
|
Zhejiang Huada New Materials Co Ltd
SHG:605158
|
$137.38 Million |
|
Hefei Snowky Elec Co Ltd
SHE:001387
|
$137.43 Million |
|
LIFE SCI.REIT PLC LS -01
F:JL6
|
$137.55 Million |
|
Oportun Financial Corp
NASDAQ:OPRT
|
$137.33 Million |
|
NationGate Holdings Berhad
KLSE:0270
|
$137.28 Million |
|
Global Indemnity PLC
NYSE:GBLI
|
$137.26 Million |
|
CompuGroup Medical AG O.N.
LSE:0MSD
|
$137.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Star Cement Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 27,101,163,000 to 28,791,948,000, a change of 1,690,785,000 (6.2%).
- Net income of 1,690,027,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 26,696,983,000.
- Other factors increased equity by 26,697,741,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹1.69 Billion | +5.87% |
| Other Comprehensive Income | ₹-26.70 Billion | -92.72% |
| Other Changes | ₹26.70 Billion | +92.73% |
| Total Change | ₹- | 6.24% |
Book Value vs Market Value Analysis
This analysis compares Star Cement Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.88x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 123777.92x to 2.88x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-03-31 | ₹0.00 | ₹205.26 | x |
| 2013-03-31 | ₹29.08 | ₹205.26 | x |
| 2014-03-31 | ₹20.11 | ₹205.26 | x |
| 2015-03-31 | ₹31.18 | ₹205.26 | x |
| 2016-03-31 | ₹25.17 | ₹205.26 | x |
| 2017-03-31 | ₹29.29 | ₹205.26 | x |
| 2018-03-31 | ₹35.22 | ₹205.26 | x |
| 2019-03-31 | ₹41.12 | ₹205.26 | x |
| 2020-03-31 | ₹44.57 | ₹205.26 | x |
| 2021-03-31 | ₹50.29 | ₹205.26 | x |
| 2022-03-31 | ₹53.07 | ₹205.26 | x |
| 2023-03-31 | ₹59.78 | ₹205.26 | x |
| 2024-03-31 | ₹67.04 | ₹205.26 | x |
| 2025-03-31 | ₹71.21 | ₹205.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Star Cement Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.87%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.34%
- • Asset Turnover: 0.77x
- • Equity Multiplier: 1.43x
- Recent ROE (5.87%) is below the historical average (10.56%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | -0.60% | 0.00% | 0.00x | 1.01x | ₹-51.92K |
| 2013 | 4.99% | 6.53% | 0.33x | 2.30x | ₹-430.19 Million |
| 2014 | -0.50% | -0.36% | 0.55x | 2.51x | ₹-884.88 Million |
| 2015 | 12.88% | 8.29% | 0.65x | 2.38x | ₹265.23 Million |
| 2016 | 12.70% | 7.82% | 0.70x | 2.34x | ₹285.04 Million |
| 2017 | 15.86% | 12.76% | 0.62x | 2.01x | ₹719.24 Million |
| 2018 | 22.40% | 20.56% | 0.64x | 1.70x | ₹1.83 Billion |
| 2019 | 17.33% | 16.37% | 0.79x | 1.33x | ₹1.26 Billion |
| 2020 | 15.38% | 15.52% | 0.78x | 1.27x | ₹998.37 Million |
| 2021 | 9.02% | 10.89% | 0.67x | 1.24x | ₹-202.86 Million |
| 2022 | 11.38% | 11.12% | 0.81x | 1.27x | ₹299.31 Million |
| 2023 | 10.25% | 9.61% | 0.82x | 1.30x | ₹59.67 Million |
| 2024 | 10.89% | 10.22% | 0.80x | 1.33x | ₹240.99 Million |
| 2025 | 5.87% | 5.34% | 0.77x | 1.43x | ₹-1.19 Billion |
Industry Comparison
This section compares Star Cement Limited's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $38,811,180,100
- Average return on equity (ROE) among peers: 12.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Star Cement Limited (STARCEMENT) | ₹30.07 Billion | -0.60% | 0.45x | $137.34 Million |
| ACC Limited (ACC) | $143.12 Billion | 13.02% | 0.47x | $1.14 Billion |
| Andhra Cements Limited (ACL) | $2.62 Billion | 0.00% | 2.18x | $5.65 Million |
| Ambuja Cements Limited (AMBUJACEM) | $23.81 Billion | 16.19% | 0.96x | $3.98 Billion |
| Anjani Portland Cement Limited (APCL) | $850.44 Million | 5.09% | 3.86x | $6.37 Million |
| Birla Corporation Limited (BIRLACORPN) | $60.49 Billion | 6.59% | 1.29x | $304.39 Million |
| Burnpur Cement Limited (BURNPUR) | $-4.52 Billion | 0.00% | 0.00x | $6.21 Million |
| Barak Valley Cements Limited (BVCL) | $1.20 Billion | 6.03% | 0.95x | $3.15 Million |
| Dalmia Bharat Limited (DALBHARAT) | $157.59 Billion | 5.18% | 0.58x | $1.59 Billion |
| Deccan Cements Limited (DECCANCE) | $1.39 Billion | 34.44% | 1.71x | $43.11 Million |
| EURO PRATIK SALES LIMITED (EUROPRATIK) | $1.56 Billion | 40.39% | 0.12x | $46.56 Million |