Star Cement share price today

Star Cement Ltd's share price was ₹176.74 at the close on 4 November 2026. It has been falling for 45 weeks. That is 12.4% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹160 and ₹246, and at that close it sat 19% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Star Cement Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 24 weeks running.

Over the last 9.4 years the share price moved +36% while the NIFTY 500 moved +159%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 12 June 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: profit fell in the June 2026 quarter, revenue up on a year earlier for 8 quarters in a row and operating margin down 4 points on a year earlier.

1. Profit fell in the June 2026 quarter

   Profit was ₹74 crore, -24.5% on a year earlier (₹98 crore), after 5 quarters of growth.

   Why: Profit fell because the company got much less government subsidy than a year earlier.

   Next results: check whether lower subsidy and flat prices keep profit weak.

   From the earnings call on 29 Sep 2026.

2. Revenue up on a year earlier for 8 quarters in a row

   In the June 2026 quarter revenue was ₹943 crore, +3.4% on a year earlier.

3. Operating margin down 4 points on a year earlier

   21% in the June 2026 quarter, from 25%.

   Why: The share of sales left after running costs fell because the company got much less government subsidy than a year earlier.

   Next results: check if lower subsidy and no price increase keep margins weak.

   From the earnings call on 29 Sep 2026.

For April to June 2026 (the quarter ended 30 June 2026), Star Cement reported revenue of ₹943 crore, up 3.4% from ₹912 crore a year earlier, and a profit of ₹74.0 crore, down 24.5% from ₹98.0 crore.

Star Cement results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Star Cement's management discussed these results on a call held on 29 September 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Star Cement closed at ₹176.74 on 4 November 2026, down 28.3% from ₹246.40 a year earlier (7 November 2025) and up 75.7% over five years. Its highest weekly close since June 2017 was ₹292.30 on 5 September 2025.

Star Cement share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

494 weekly closes from 16 June 2017 to 4 November 2026.

4 Nov 2026: Star Cement closed at ₹176.74, up 3.3% on the week and down 0.9% on the month. 29 Sep 2026: Star Cement held its results call for April to June 2026. Management guided: FY27 cement volume growth 8-9% over last year; Q2 flat to nominal and Q3-Q4 double-digit or more-than-double-digit recovery.

Earlier

• Results for April to June 2026: Revenue up 3.4% and profit down 24.5% on a year earlier.
• 12 Feb 2026: ex-date for an interim dividend of ₹1 a share.

Star Cement paid ₹1 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.57% at the ₹176.74 close on 4 November 2026. The last was an interim dividend of ₹1 a share, ex-date 12 February 2026.

Star Cement dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. Star Cement Ltd paid out 21% of its profit as dividends in FY26, and it paid a dividend in 4 of its last 13 reported years. One of those years shows a negative figure because profit itself was negative.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 29 September 2026, Star Cement's management guided: FY27 cement volume growth 8-9% over last year; Q2 flat to nominal and Q3-Q4 double-digit or more-than-double-digit recovery.

“The 3,000 crores will be funded through a combination of debt and equity, with funding coming from internal accruals and debt. I do not think maximum peak debt can exceed approximately 1,500 crores because we are generating sufficient cash resources. Within 2 and a half years, the balance will be taken care of through internal accruals.”Hari, on the call for April to June 2026

What management guided

• Fuel cost around ₹1.5-1.6; further Q3-Q4 reduction expected as AFR availability recovers; AFR goal 20% this year and 25% longer term.
• FY27 operating profit per ton around ₹1,600; next year around ₹1,550; Rajasthan ₹1,000-1,100 once operational.
• Subsidy around ₹120 crore in FY27 and ₹80-100 crore next year, reflected over roughly 6-7 years on a sustainable basis.
• Non-cement revenue around ₹80-90 crore this year at 15-20% operating margin as utilization ramps.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 29 September 2026.

When Star Cement reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Q2 cement volume: test flat-to-nominal outcome after flood recovery and August-September compensation.

Star Cement is not on any of our India lists this week.

Star Cement Ltd earned ₹74.0 Cr of net profit in the Jun 2026 quarter, −24.5% on the same quarter a year earlier. Full-year FY26 profit was ₹390 Cr. Over 10 years profit has grown 10.9% a year on average. That is 7.8% of the quarter's revenue. The same quarter a year earlier earned ₹98.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹390 Cr (+130.8% on the year before).

Why profit moved: revenue changed +3.4% on a year earlier and the margin moved −4.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +450.1% and revenue +15.9%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Star Cement Ltd reported ₹943 Cr of revenue in the Jun 2026 quarter, +3.4% on the same quarter a year earlier. That is the 8th quarter in a row with growth on the year before. Over 10 years it has grown 8.2% a year on average. The last full year, FY26, came in at ₹3,776 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹3,808 Cr.

FY26 revenue was ₹3,776 Cr, +19.4% on the year before.

Recent pace: the last four quarters grew +15.9% on average, against 8.2% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +14.5%, against +14.6% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +55.1%, against +25.1% a year (accelerating).

Star Cement Ltd's operating margin was 21.0% in the Jun 2026 quarter, 4.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 16.0% and 32.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −4.4 percentage points on the year while gross margin changed −2.9 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 182% of Star Cement Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹765 Cr of operating cash against ₹390 Cr of profit. After ₹431 Cr of spending on assets, ₹334 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 182% of profit came in as cash: the cash cycle got 26 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: the bigger use of cash is spending on new assets, at 2.5× depreciation over three years. The next section checks what that spending is building.

Star Cement Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 177 days in FY26, up from 151 days in FY21. It spent ₹2,109 Cr on assets over the last 3 years. Customers take 23 days to pay, and stock sits for 343 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹3,776 Cr, each day of that cycle ties up about ₹10.3 Cr, so roughly ₹1,831 Cr is tied up in the business at any time.

FY26: customers took 23 days to pay and stock sat for 343 days, about 11.3 months of sales sitting as stock, for a full cycle of 177 days, longer than FY21's 151.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 343 days. Customers pay about 23 days after that. Suppliers are paid at 189 days. Together that makes the 177-day cycle.

Spending on assets: ₹2,109 Cr over the last 3 years, against ₹844 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹95.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Star Cement Ltd's P/E is 18.9×, in the middle of its own history: higher than 48% of past readings. Its usual P/E (the middle reading) is 19.3×, over 9.4 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹9.14.

Why the multiple is where it is: over the past year earnings per share moved +132.8% while the price moved −28.3%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 5 years the price moved +11.9% a year; about +12.1% a year came from earnings growth and about −0.2 percentage points from the multiple (roughly no change). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple.

Star Cement Ltd's business is turning around. Profit growth has swung from −42.9% at its low to +55.1%, rising from a low 5 quarters ago, with ROCE steady at 15.7%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.