Star Cement Share Price

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. Star Cement share price on the NSE and BSE is a reflection of how market participants respond to a company’s performance and broader business developments within its industry. It captures the sentiment of the investors based on financial results, operational updates, macroeconomic factors, and trends specific to sectors. Movements in the share price͏ reveal how the market evaluates the company’s current position and its future prospects, making ͏it a key indicator of market perception across various industries. 

Star Cement stock price is influenced by factors such as revenue growth, production capacity utilization, input cost management, and demand from infrastructure and housing projects. In the longer term, strategies focused on capacity expansion, cost efficiency, and market penetration affect stock market sentiments. All these factors must be closely monitored to have an idea about the Star Cement stock price movements.  

Star Cement live share price provides real-time information about the last price traded, bid price, ask price, and volume traded. These indicators represent trading activity and liquidity and the reaction of investors to corporate announcements, quarterly results, and sector news. Constant ͏monitoring of Star Cement live price helps observe short-term price fluctuations and understand how the stock is moving in relation to the broader market. 

Furthermore, monitoring the Star Cement share͏ price today helps investors understand real-time market sentiment, price volatility, and trading behaviour. It allows market participants to evaluate short-term performance, identify possible entry or exit points, and respond to news, quarterly results or sector trends that may affect the company’s valuation and overall investment outlook. 

Star Cement Limited Company Fundamentals 

Star Cement Limited Company Background 

Star Cement Limited, incorporated on 2 November 2001, is a leading cement manufacturer in India with a strong foothold in North-Eastern India and a rapidly expanding presence in West Bengal and Bihar. Renowned for its consistent quality and fair pricing, the company has emerged as a preferred brand among cement manufacturers and suppliers across the region. With a current cement production capacity of 7.7 million tonnes per annum (MTPA), Star Cement has outlined an ambitious growth plan to increase its capacity to 25 MTPA by 2030. The company serves customers across more than 10 states through seven state-of-the-art manufacturing units, supported by a strong network of over 14,000 dealers and retailers and a workforce of approximately 4,000 employees. Star Cement plays a vital role in the Indian construction industry by offering high-strength cement and premium products designed to meet evolving construction needs. Beyond manufacturing and sales, the company provides end-to-end solutions, including technical expertise and home-building guidance, supporting customers from foundation to roof. As a responsible corporate citizen, Star Cement places strong emphasis on environmental protection, economic growth, and social welfare, reflected through its consistent and impactful Corporate Social Responsibility initiatives. 

Star Cement Limited Company Product Lines 

• Ordinary Portland Cement (OPC) – Grade 43 & 53 – Standard cement for general construction.  
• Portland Pozzolana Cement (PPC) – Blended cement with enhanced durability.  
• Portland Slag Cement (PSC) – Cement with slag for improved performance.  
• Value-Added Cement (e.g., Anti-Rust Cement / Premium variants) – Designed for specific building needs.  
• Clinker – Intermediate product in cement manufacturing (sold to other producers).  
• Ancillary products / income – Includes power, incentives/subsidies, and fleet services.  

Star Cement Limited Company Revenue Model 

• Sale of Cement – Constitutes the majority of revenue (~99%).  
• Clinker Sales – Secondary revenue from clinker supply.  
• Other Operating Income – Includes incentives/subsidies, scrap sales, and logistics income.  
• Power Operations – Ancillary revenue from in-house power generation 

Star Cement Limited Geographic Presence 

• India (Primary Market) – Core operations and sales across North-Eastern and Eastern India.  
• Key States Served – Including Meghalaya, Assam, West Bengal, Bihar, and other parts of eastern India (presence in 10+ states).  
• Manufacturing Units 
• Lumshnong, Meghalaya – Integrated cement plant.  
• Guwahati (Sonapur), Assam – Grinding unit.  
• Siliguri (Mohitnagar), West Bengal – Grinding unit.  
• North East Ltd Unit, Sonapur — Cement grinding and clinker capacity expansion.  
• Domestic Focus – Primarily India for revenue recognition; one international office reported.  

Star Cement Limited Leadership and Brand Recognition 

Some of the key leaders of Star Cement as of January 2026 are 

• Mr. Sajjan Bhajanka – Chairman & Managing Director 
• Mr. Sanjay Agarwal – Managing Director 
• Mr. Prem Kumar Bhajanka – Managing Director 
• Mr. Tushar Bhajanka – Deputy Managing Director 
• Mr. Pankaj Kejriwal – Executive Director 
• Mr. Pradeep Purohit – Chief Operating Officer 
• Mr. Dilip Kumar Agarwal – Chief Commercial & Corporate Affairs Officer 
• Mr. Manoj Agarwal – Chief Financial Officer 
• Mr. Samar Banerjee – Chief Human Resource Officer 
• Mr. Sunil Kumar Gupta – Chief Project Officer 

Star Cement Limited Key Milestones 

• 2001 – Incorporated on 2 November 2001 as Cement Manufacturing Company Limited. 
• 2004–2005 – Commenced clinker production on 23 December 2004 and cement production on 2 February 2005 at the integrated plant in Lumshnong, Meghalaya. 
• 2005 – Recognised by the Government of Meghalaya for establishing a pioneering cement plant in a backward region. 
• 2006 – Expanded cement plant capacity from 1,200 TPD to 1,800 TPD; acquired 99.56% stake in Megha Technical & Engineers Pvt. Ltd., strengthening power and mining capabilities. 
• 2014–15 – Launched Star Anti-Rust Cement in North Eastern India; expanded brand presence into West Bengal and Bihar; strengthened power sourcing and logistics infrastructure. 
• 2016 – Renamed as Star Cement Limited with effect from 21 June 2016. 
• 2017 – Installed a Pre-Grinder Unit at Lumshnong, increasing grinding capacity to 3,000 TPD; amalgamation of Star Ferro and Cement Limited approved; initiated steps for stock exchange listing. 
• 2018–19 – Enhanced clinker production capacity to 2.8 MTPA. 
• 2020–21 – Launched Anti-Rust Cement across expanded markets; commissioned 2.0 MTPA cement grinding unit at Mohitnagar, Siliguri. 
• 2022–23 – Commissioned a 12.3 MW Waste Heat Recovery System at Lumshnong, Meghalaya. 
• 2023–24 – Commissioned a 3.3 MTPA clinker unit and 12 MW WHRS at Lumshnong; commissioned a 2.0 MTPA cement unit at Sonapur, Guwahati. 
• 2024–25 – Commenced commercial production from the 3.3 MTPA clinker line on 21 April 2024, strengthening capacity and operational efficiency. 

Star Cement Limited Industry Perspective 

Star Cement operates within India’s cement manufacturing industry, a vital component of the nation’s construction and infrastructure ecosystem. India is the second-largest cement producer in the world, supported by abundant raw materials, rising urbanisation, and extensive infrastructure investments such as highways, railways, and housing projects. Cement demand in India reached around 453 million tonnes in FY25, growing about 6.3% year-on-year, and is expected to maintain a strong growth trajectory backed by government housing initiatives and infrastructure spending. Market projections show the Indian cement sector expanding from approximately 3.96 billion tonnes in 2024 to around 5.1 billion tonnes by 2030, with a compound annual growth rate (CAGR) of about 5.1% from 2025 to 2030. Other research forecasts the industry’s market value rising at a CAGR close to 6.2% between 2025 and 2029, reaching an estimated US$23.40 billion by 2029. Over the near term, cement demand is projected to grow at 7-8% CAGR through FY26–27, driven by infrastructure, urban housing, and commercial real-estate expansion. With ongoing capacity additions, policy support and sustainability initiatives, the Indian cement industry is poised for robust long-term growth, reinforcing its central role in national development and construction value chains. 

Star Cement Limited Stock Market Presence: Listings & Index Representation 

Star Cement Limited is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The company’s stock trades on the NSE under the symbol STARCEMENT and on the BSE under the scrip code 540575. 

Star Cement is a constituent of several significant market indices, reflecting its standing within the investment universe. Its inclusion in indices such as the S&P BSE AllCap, S&P BSE 250 SmallCap Index, S&P BSE MidSmallCap, Nifty Total Market, and Nifty Microcap 250 Index highlights its relevance across different market capitalisation segments. The company is also part of sector-specific benchmarks like the S&P BSE Basic Materials and broader market trackers like the BSE 1000 and Nifty Total Market Momentum Quality 50. 

The Star Cement stock price is tracked by a range of investors. Its representation across these indices indicates a recognised market capitalisation and operational scale within India’s building materials sector. Listing on major exchanges ensures liquidity, while index inclusion can influence holdings from funds that track these benchmarks, reinforcing its position as an established player in the capital markets. 

Star Cement Limited Stock Performance and Share Price History 

The Star Cement share price on NSE and BSE reflects its position as a major cement manufacturer in Eastern and North-Eastern India. Performance is driven by revenue growth, operational efficiency, plant capacity utilization, and pricing dynamics within the construction materials industry. Investors often compare the Star Cement share price today with sector indices and peer companies to gauge relative performance. 

The underlying operational factors become visible through market movements across different periods. For instance, broader sector strength and specific company announcements have historically played significant roles in supporting the Star Cement share price. Corporate actions can also impact Star Cement share price movements in the short term, even when the company’s fundamentals remain consistent. 

While short-term movements reflect immediate events, longer-term valuation trends are visible through the Star Cement share price 52-week high and low, providing context beyond daily changes. Highs can indicate periods of strong infrastructure demand and stable operating margins, while lows often align with broader market corrections, subdued construction activity, or rising input cost pressures. These levels capture the impact of economic cycles, government spending on infrastructure, and the company’s earnings visibility. 

Star Cement’s stock performance reflects the trading behaviour of a significant regional cement manufacturer. The company’s strategic focus on its core markets, diverse product portfolio, and production capabilities have shaped its Star Cement share price history. Over extended periods, the stock has experienced phases of significant growth as well as consolidation. 

A closer examination of historical returns data provides specific context. Over a 10-year period, the stock delivered a return of 51.02%, underperforming the substantial gains of the Nifty50 (237.47%) and Sensex (233.68%). This longer-term trend highlights the challenges and different growth trajectory compared to the broader market. However, over shorter, more recent horizons, performance has been stronger. The Star Cement stock price delivered meaningful returns of 87.77% over three years and 114.38% over five years, significantly outpacing the broader indices during these periods. This demonstrates phases of robust performance aligned with company-specific execution and favorable regional demand. 

A review of annual and quarterly return patterns offers further insight into its cyclical nature. In 2023, the Star Cement stock price surged 55.71%, with particularly strong quarters in Q2 (25.11%) and Q4 (14.92%). This performance was followed by another gain of 32.03% in 2024, largely driven by a powerful first quarter return of 28.96%. However, recent performance has seen a shift. In 2025, the stock declined by -2.97%, with negative returns in Q1 (-7.10%) and Q4 (-11.61), though a strong Q3 gain of 19.34% provided a partial recovery. The current year, 2026, has started with a -5.65% return in the first quarter. This recent weakness is also reflected in shorter-term metrics, with the stock declining -3.69% over one year, -9.01% over six months, and -15.61% over three months, underperforming its sector and the broader indices during these recent periods. 

Analysis of quarterly seasonality over a five-year average shows a pattern where Q3 tends to be the strongest quarter with an average return of 8.64%, followed by Q2 at 5.46%. Q1 and Q4 have shown more modest average gains of 1.95% and 2.80%, respectively. This pattern suggests a recurring trend of performance linked to annual business and construction cycles 

Star Cement Limited Investor Relevance and Portfolio Role 

Star Cement can be considered a holding for exposure to the construction and building materials sector, particularly with a focus on Eastern and North-Eastern India. Its inclusion in various small-cap and sectoral indices underscores its relevance for investors seeking targeted exposure to India’s infrastructure and housing growth themes. 

Star Cement equity is held by a mix of domestic and international institutional investors. Top institutional stakeholders include Grasim Industries Limited, Sumitra Devi Agarwal Family Trust, SBI Funds Management Limited, SUBHAM CAPITAL PRIVATE LIMITED, Brijdham Merchants Pvt. Ltd., Sriram Vanijya Pvt. Ltd., Sumangal International Pvt. Ltd., Sumangal Business Pvt. Ltd., Shriram Merchants Pvt Ltd, and the Abu Dhabi Investment Authority. 

Prominent mutual fund holders include SBI Mutual Fund – SBI Flexicap Fund, SBI Mutual Fund – SBI Small Cap Fund, DFA Investment Dimensions Group Inc. – Emerging Markets Core Equity 2 Portfolio, Motilal Oswal Amc Ltd. – Motilal Oswal Nifty Microcap 250 Index Fund, and iShares Public Limited Company – iShares Core MSCI EM IMI UCITS ETF. Other funds with holdings are DFA Investment Trust Company – Emerging Markets Small Cap Series, iShares Trust – iShares MSCI India Small-Cap ETF, St. James’s Place Balanced Managed Unit Trust, American Century ETF Trust – Avantis Emerging Markets Equity ETF, and Dimensional ETF Trust – Dimensional Emerging Markets Core Equity 2 ETF. 

The volatility profile of the Star Cement share price is captured by its beta values across different time frames. The long-term beta is 0.412. Over shorter daily ranges, beta has measured 0.684 for a one-month period and 1.10 for a three-month period. On a weekly basis, beta is 0.726 for a one-year range and 1.01 for a two-year range. Other measures include a two-week, two-year range beta of 0.705 and a monthly, two-year range beta of -0.253. These varying beta figures indicate that the Star Cement stock price has shown different levels of correlation with the overall market, often exhibiting moderate to low volatility, which can be a consideration for portfolio construction. 

Star Cement Limited Sectoral Relevance and Peer Positioning 

Star Cement’s sector relevance stems from its scale as a leading cement brand in North-Eastern India, operational efficiency, and diverse product portfolio of PPC and OPC cement, establishing it as a key player supporting regional infrastructure development. Peer comparisons with companies like UltraTech Cement, Ambuja Cements, Shree Cement, ACC Limited, and Dalmia Bharat (Bharat) typically focus on metrics such as production capacity, cost per tonne, geographic market share, volume growth, and operating margins rather than short-term stock moves. These benchmarks help assess operational scale, pricing power, and logistical efficiency. Institutional tracking of infrastructure spending, housing demand, input costs (like coal and power), and regional economic growth further highlights Star Cement’s importance within the broader construction materials market. 

Star Cement’s market cap history reflects its growth and market valuation over time. As of January 23, 2026, its market cap stood at ₹85.59 billion, having decreased by -5.95% from the previous year-end. The market cap has seen significant fluctuations in recent years. It grew from ₹38.44 billion at the end of 2021 to ₹93.93 billion by the end of 2024, representing substantial growth. However, it moderated to ₹91.00 billion at the end of 2025. Since June 16, 2017, the market cap has increased from ₹54.52 billion to its current level, marking a compound annual growth rate of 5.38%. This trajectory shows periods of strong investor valuation followed by recent consolidation. 

Star Cement’s earnings history demonstrates its profit generation over the past decade. Net Income grew from ₹118.65 crore in March 2015 to a peak of ₹330.66 crore in March 2018. After a period of fluctuation, it reached another high of ₹295.11 crore in March 2024. The most recent reported Net Income for March 2025 was ₹169.00 crore. The compound annual growth rates show a -10.06% decline over five years and a -11.97% decline over three years, indicating recent pressures on profitability. Key drivers affecting these figures include changes in Total Revenue, which has shown a 5-year CAGR of 11.51%, and Total Operating Expenses, which have grown at a 13.98% CAGR over the same period. 

Star Cement EPS history provides insight into its per-share profitability. EPS has shown variability, moving from ₹4.54 in March 2021 to ₹6.11 in March 2022, and further to ₹6.13 in March 2023. It increased significantly to ₹7.30 in March 2024 before decreasing to ₹4.18 in March 2025. This most recent decline of -43.17% year-on-year contributed to negative growth rates over the medium term, with a 3-year CAGR of -11.66% and a 5-year CAGR of -9.69%. The EPS trend is a direct reflection of the company’s net income performance and is a critical metric for equity valuation, influencing the Star Cement share price. 

Star Cement P/E ratio history indicates how the market has valued Star Cement’s earnings. The latest reported P/E ratio (Trailing Twelve Months) is 28.38, while the latest fiscal year (March 2025) P/E is 51.44, which is notably higher than the five-year average of 27.40. The P/E ratio has trended upward over the past three years, rising from 14.83 in March 2022 to 31.17 in March 2024 before the recent increase. A P/E ratio at these levels suggests the market capitalises future growth expectations or reflects a compression in recent earnings. This valuation metric is closely watched by investors comparing the company to sector peers. 

Summary 

Star Cement Limited is a significant cement manufacturer with a strong regional presence in Eastern India. Its stock is listed on national exchanges and included in several market indices. The Star Cement share price history reflects the company’s operational performance within the cyclical building materials sector, influenced by demand, costs, and capacity. The company has a diverse base of institutional and mutual fund investors. Its sectoral positioning involves competing with other major cement producers on operational and financial metrics.