Star Cement Ltd Share Price

Cement Sector: Volume Surges Amid Margin Pressures

The Indian cement industry recorded an impressive volume growth of approximately 8% year-over-year (YoY) in Q4 FY26. This surge was primarily propelled by sustained government spending on infrastructure, steady residential housing demand, and accelerated construction activities across major regional markets. Regional and large-cap players registered strong dispatch numbers during the quarter.

led the industry with a 13% YoY volume growth, while JK Cement topped the large-cap segment at 12.2%. Market leader and also posted healthy growth rates of 9.0% and 9.5% respectively, aided by capacity expansions. Persistent Margin and Cost Pressures: Despite robust sales and revenue growth, profitability remained constrained due to elevated freight, packaging, and energy expenses. International pet-coke prices hovered around $140–$155 per tonne, forcing companies to adopt alternative fuels and fuel-mix optimization to mitigate the steep input costs. Near-Term Profitability Challenges: Operating profits (EBITDA) per tonne are projected to contract sequentially by Rs 50–100 in Q1 FY27. This anticipated dip is a result of intense market competition, monsoon-led demand moderation, and the delayed realization of pan-India price hikes, which are expected to average Rs 8–10 per bag. Constructive Medium-Term Outlook: For the fiscal year 2027 (FY27E), the sector's volume growth is projected to stabilize between 6% and 7% YoY. Analysts maintain a positive medium-term outlook as cost pressures normalize, favoring cost-efficient market leaders like UltraTech Cement and east-focused players like Nuvoco Vistas due to its aggressive capacity expansion plan.

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Cement & Cement Products company Star Cement announced Q4FY26 & FY26 results

Cement & Cement Products company Star Cement announced Q4FY26 & FY26 results -

Standalone Financial Highlights: Total Income: Q4FY26: Rs 79,543.79 lakh, compared to Rs 66,270.00 lakh in Q4FY25 (YoY) and Rs 53,617.02 lakh in Q3FY26 (QoQ). FY26: Rs 2,40,673.02 lakh, compared to Rs 2,00,621.13 lakh in FY25. Profit After Tax: Q4FY26: Rs 6,761.48 lakh, compared to Rs 3,684.73 lakh in Q4FY25 (YoY) and Rs 2,311.30 lakh in Q3FY26 (QoQ). FY26: Rs 13,026.92 lakh, compared to a loss of Rs 5,846.50 lakh in FY25. Earnings Per Share (Basic & Diluted): Q4FY26: Rs 1.67, compared to Rs 0.91 in Q4FY25 and Rs 0.57 in Q3FY26. FY26: Rs 3.22, compared to Rs (1.45) in FY25. All this is for information. This is not a buy/sell recommendation. Thank you, Technofunda24

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Star Cement Latest Updates

Financial Results and Board Meetings Q4 FY26 Results Timing: The Board of Directors is expected to meet in May 2026 to approve the audited financial results for the quarter and the full year ending March 31, 2026. This meeting will also include a recommendation for a final dividend for the financial year. Interim Dividend: The company recently processed an interim dividend of ₹1 per share, with the record date having passed in February 2026. Capacity Expansion and Production New Grinding Unit: On February 20, 2026, Star Cement North East Limited (a subsidiary) officially commenced commercial production at its new 2.0 MTPA (million tonnes per annum) grinding unit in Cachar, Assam. Capacity Milestone: This expansion has increased the company's total production capacity to 9.7 MTPA, up from the previous 7.7 MTPA. Strategic Shift: Management has prioritized a new 2 MTPA grinding unit in Bihar (Begusarai) over the previously planned Jorhat project. Land acquisition for the Bihar unit is underway, with a target commissioning date in the first half of FY28. Rajasthan Project: The company is moving forward with its greenfield project in Nimbol, Rajasthan, which includes a 3 MTPA clinker unit and a grinding unit to expand its footprint beyond the Northeast. Regulatory and Compliance Matters Coal Documentation Inquiry: A Meghalaya High Court-constituted committee has recently recommended a strict verification of transport documentation for coal used by Star Cement. The committee is scrutinizing records for over 8,000 truckloads of coal transported between January 2025 and February 2026 to ensure compliance with the 2024 Standard Operating Procedure (SOP). ESG Ratings: In late March and April 2026, the company received updated ESG (Environmental, Social, and Governance) scores. Notably, it received a rating of 65 from NSE Sustainability Ratings and a 70 from CFC Finlease, reflecting its current sustainability standing.

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Trendline resistance

Price is approaching a well-defined descending trendline acting as resistance. Repeated lower highs indicate sellers are controlling the trend at this level. A breakout above can signal strength, while rejection may continue the downtrend.

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Stocks in news today

has incorporated a wholly-owned subsidiary in the name of ‘TP Urja’. TP Urja will engage in providing power and energy services and undertake activities related to other forms of energy. Pace Digitek has entered into an Original Equipment Manufacturer Exclusivity Agreement with NEC XON Systems Proprietary (NEC XON), for granting exclusive rights to market, distribute, and sell the Company’s products, including Battery Energy Storage Systems (BESS) and other related energy solutions across the defined territories of South Africa, Botswana, Mozambique, Namibia, and Mauritius on April 22, 2026. Ahasolar Technologies has received a Work Order for Consultancy services for Project Monitoring Consultant (PMC) for 30MW (AC) distributed Grid-connected rooftop solar PV projects at various identified government buildings of Goa from Mahatma Phule Renewable Energy and Infrastructure Technology Limited. The whole Consultancy Service is priced at around Rs 2.48 crore (including GST), KD Green Industries’ 51% subsidiary -- Shivam Pipes has secured orders aggregating to Rs 31.5 crore (approximately) for the supply of Galvanized Steel Tubular Poles to north eastern state electricity boards and Bharat Sanchar Nigam (BSNL). These orders have been received during the period January 1, 2026 to March 31, 2026, with a delivery timeline of 1 to 4 months, providing strong near-term revenue visibility. The orders have been awarded through contractors executing power distribution and telecom infrastructure projects for respective utilities and government agencies. Star Cement’s subsidiary -- Star Cement North East (SCNEL) has acquired 100% shareholding of Jaitaran Renewable Power (JRPPL) from the shareholders of JRPPL. Consequently, JRPPL became the wholly owned subsidiary of SCNEL and a step down subsidiary of Star Cement.

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Star Cement Limited Latest Updates

Q3 FY26 Financial Performance For the quarter ended December 31, 2025, Star Cement reported a consolidated Net Profit of ₹74.92 crore, marking a massive 723% increase year-on-year (YoY) from ₹9.06 crore. Revenue grew by 22.4% YoY to ₹880 crore, driven by robust volume growth and improved operational efficiency. The company’s operating margins expanded significantly by 850 basis points to reach 23.01%. Expansion in the Northeast On February 20, 2026, the company's subsidiary, Star Cement North East Limited, successfully commenced commercial production at its new 2.0 MTPA (Million Tonnes Per Annum) grinding unit in Cachar, Assam. This facility is a key component of the company’s plan to strengthen its dominant position in the North Eastern region and increase its total cement capacity toward the 10 MTPA mark. Stock Performance and Promoter Activity Despite the strong financial results, the stock hit a 52-week low of ₹199.00 on March 4, 2026, amid broader sector volatility. In terms of ownership, the promoter group has slightly increased its stake, which stood at 58.11% as of mid-February. Additionally, the Board recently approved the reclassification of 29 members of the "Chamaria Group" (holding approximately 6% of shares) from the 'Promoter' category to the 'Public' category. Future Outlook and Capex The company is moving forward with a major ₹4,800 crore expansion plan to enter the North Indian market, aiming to add 9 million tonnes of capacity over the next few years. For the current fiscal year (FY26), the estimated capital expenditure is approximately ₹720 crore, with the Silchar unit now operational and further greenfield projects planned for Bihar and Rajasthan.

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