Star Cement Limited (STARCEMENT) - Net Assets

Latest as of September 2025: Rs30.07 Billion INR ≈ $325.21 Million USD

Based on the latest financial reports, Star Cement Limited (STARCEMENT) has net assets worth Rs30.07 Billion INR (≈ $325.21 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs43.72 Billion ≈ $472.83 Million USD) and total liabilities (Rs13.65 Billion ≈ $147.61 Million USD). 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. Also explore STARCEMENT total asset value for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs30.07 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. Check Star Cement Limited (STARCEMENT) tangible equity ratio to evaluate the tangible quality of the company's equity base.

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. For live valuation and market cap data, see STARCEMENT stock market capitalisation.

Year	Net Assets	Change
2025-03-31	Rs28.79 Billion ≈ $311.35 Million	+6.23%
2024-03-31	Rs27.10 Billion ≈ $293.09 Million	+12.16%
2023-03-31	Rs24.16 Billion ≈ $261.32 Million	+11.43%
2022-03-31	Rs21.68 Billion ≈ $234.51 Million	+4.55%
2021-03-31	Rs20.74 Billion ≈ $224.31 Million	+7.63%
2020-03-31	Rs19.27 Billion ≈ $208.42 Million	+7.55%
2019-03-31	Rs17.92 Billion ≈ $193.79 Million	+16.48%
2018-03-31	Rs15.38 Billion ≈ $166.38 Million	+19.55%
2017-03-31	Rs12.87 Billion ≈ $139.18 Million	+16.26%
2016-03-31	Rs11.07 Billion ≈ $119.71 Million	+14.23%
2015-03-31	Rs9.69 Billion ≈ $104.80 Million	+9.13%
2014-03-31	Rs8.88 Billion ≈ $96.03 Million	-1.74%
2013-03-31	Rs9.04 Billion ≈ $97.73 Million	+1844120.00%
2012-03-31	Rs490.01K ≈ $5.30K	--

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	Rs27.69 Billion	96.16%
Common Stock	Rs404.18 Million	1.40%
Other Components	Rs700.22 Million	2.43%
Total Equity	Rs28.79 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
Truking Technology Ltd SHE:300358	$891.54 Million
WESTLIFE FOODWORLD LIMITED NSE:WESTLIFE	$891.67 Million
Aktia Bank Abp HE:AKTIA	$891.71 Million
NGERN TID LOR-NVDR- BA37 F:70V0	$891.95 Million
Irish Continental Group PLC IR:IR5B	$890.98 Million
Sparebanken Sor OL:SOR	$890.43 Million
Graincorp Ltd AU:GNC	$890.27 Million
Prodea Real Estate Investment Co. AT:PRODEA	$890.13 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	Rs1.69 Billion	+5.87%
Other Comprehensive Income	Rs-26.70 Billion	-92.72%
Other Changes	Rs26.70 Billion	+92.73%
Total Change	Rs-	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: 2.86x
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 122993.98x to 2.86x 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	Rs0.00	Rs203.96	x
2013-03-31	Rs29.08	Rs203.96	x
2014-03-31	Rs20.11	Rs203.96	x
2015-03-31	Rs31.18	Rs203.96	x
2016-03-31	Rs25.17	Rs203.96	x
2017-03-31	Rs29.29	Rs203.96	x
2018-03-31	Rs35.22	Rs203.96	x
2019-03-31	Rs41.12	Rs203.96	x
2020-03-31	Rs44.57	Rs203.96	x
2021-03-31	Rs50.29	Rs203.96	x
2022-03-31	Rs53.07	Rs203.96	x
2023-03-31	Rs59.78	Rs203.96	x
2024-03-31	Rs67.04	Rs203.96	x
2025-03-31	Rs71.21	Rs203.96	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	Rs-51.92K
2013	4.99%	6.53%	0.33x	2.30x	Rs-430.19 Million
2014	-0.50%	-0.36%	0.55x	2.51x	Rs-884.88 Million
2015	12.88%	8.29%	0.65x	2.38x	Rs265.23 Million
2016	12.70%	7.82%	0.70x	2.34x	Rs285.04 Million
2017	15.86%	12.76%	0.62x	2.01x	Rs719.24 Million
2018	22.40%	20.56%	0.64x	1.70x	Rs1.83 Billion
2019	17.33%	16.37%	0.79x	1.33x	Rs1.26 Billion
2020	15.38%	15.52%	0.78x	1.27x	Rs998.37 Million
2021	9.02%	10.89%	0.67x	1.24x	Rs-202.86 Million
2022	11.38%	11.12%	0.81x	1.27x	Rs299.31 Million
2023	10.25%	9.61%	0.82x	1.30x	Rs59.67 Million
2024	10.89%	10.22%	0.80x	1.33x	Rs240.99 Million
2025	5.87%	5.34%	0.77x	1.43x	Rs-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: $179,161,308,100
Average return on equity (ROE) among peers: 15.24%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Star Cement Limited (STARCEMENT)	Rs30.07 Billion	-0.60%	0.45x	$891.52 Million
ACC Limited (ACC)	$115.47 Billion	11.93%	0.48x	$2.84 Billion
Ambuja Cements Limited (AMBUJACEM)	$298.15 Billion	7.03%	0.35x	$11.93 Billion
Birla Corporation Limited (BIRLACORPN)	$20.60 Billion	15.54%	0.81x	$754.59 Million
Dalmia Bharat Limited (DALBHARAT)	$52.96 Billion	4.60%	2.39x	$3.74 Billion
Grasim Industries Limited (GRASIM)	$1.23 Trillion	5.55%	1.74x	$23.92 Billion
Global Surfaces Limited (GSLSU)	$984.34 Million	34.47%	0.62x	$12.69 Million
HeidelbergCement India Limited (HEIDELBERG)	$14.94 Billion	21.08%	0.90x	$381.11 Million
IFGL Refractories Limited (IFGLEXPOR)	$784.40 Million	33.45%	1.94x	$161.63 Million
The India Cements Limited (INDIACEM)	$15.69 Billion	2.72%	1.29x	$1.31 Billion
JK Cement Limited (JKCEMENT)	$42.91 Billion	16.01%	1.66x	$4.65 Billion

About Star Cement Limited

NSE:STARCEMENT India Building Materials

Market Cap

$891.52 Million

Rs82.44 Billion INR

Market Cap Rank

#9295 Global

#469 in India

Share Price

Rs203.96

Change (1 day)

+0.58%

52-Week Range

Rs198.17 - Rs298.75

All Time High

Rs298.75