Star Ferro and Cement Limited News, Corporate filings and Earnings/Conference Calls

Name: Latest research reports of Star Ferro and Cement Limited authored by Centrum Broking and published by - Trendlyne research reports.
Item: Star Ferro and Cement Limited
Rating: 5
Author: Centrum Broking

Keep track of all breaking news and updates on Star Ferro and Cement Limited from all sources in a single place.

Star Ferro and Cement Limited

21 May 2018

Star Cement

Buy: Star Ferro and Cement Limited

Centrum Broking

Star Cement's Q4FY18 consolidated EBITDA moderated 15% YoY on a high base, owing to expiration of freight subsidy and other non-recurring cost during Q4FY18. Star's reported unitary EBITDA of Rs1801, is still double the industry average. Strong demand and pricing in the NE region alongwith stable fuel costs should sustain Star's industry leading margins despite the expiry of its freight subsidy. Robust earnings along with faster clearance of subsidy backlog by central government should accelerate free cashflow generation and should support Star's 20%+ RoE/RoCE. We reiterate BUY with a revised TP of Rs167. Q4FY18 North East sales rebound; profit moderated on cost increase: Star's total...

Star Ferro and Cement Limited

21 May 2018

Star Cement

Buy: Star Ferro and Cement Limited

Recommendation Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Star Cement's Q4FY18 results were broadly above our estimates. Revenues increased 12.6% YoY to | 526.1 crore (above I-direct estimate of | 469.6 crore) in Q4FY18 mainly led by 5.7% YoY growth in volumes to 0.8MT (vs I-direct estimate: 0.72 MT) and 6.6% YoY increase in realisations to | 6561/t. During the quarter, the company discontinued operations in Jharkhand while some of the markets in NER, which kept volume growth in single digits...

Star Ferro and Cement Limited

14 Nov 2017

Star Cement

Hold: Star Ferro and Cement Limited

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Star Cement's numbers are not directly comparable to our estimates as the company reported sales net of GST while our estimates included taxes. However, in absolute terms, EBITDA, PAT remained above our estimates. Revenues declined 9.8% YoY to | 281.9 crore in Q2FY18. Volumes during the quarter declined 27.1% YoY to 0.44...

Star Ferro and Cement Limited

22 Jun 2017

Star Cement

Hold: Star Ferro and Cement Limited

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Star Ferro & Cement (SFCL) have announced the reverse merger of Star Ferro & Cement with Star Cement (SCL) on August 1, 2016. Under this scheme, Star Ferro & Cement shareholders have received 1.33 shares of Star Cement for every share held. Consequently, Star Ferro & Cement now stands dissolved and Star Cement is the new entity. The merger will help the promoter gain listing benefits as previously the promoter shares were privately held. Hence, this represents the true holding of promoters...

Star Ferro and Cement Limited

05 Jun 2017

Star Ferro & Cement

Not Rated: Star Ferro and Cement Limited

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Star Ferro & Cement (SFCL) reported a mixed set of Q4FY17 numbers. While revenues were below our estimate, EBITDA, PAT were above our estimate. Revenues declined 7.8% YoY to | 519.2 crore (vs. I-direct estimate of | 614.0 crore) led by 16.1% YoY decline in volumes to 0.75 MT (vs. I-direct estimate of 0.99 MT) mainly led by poor demand in the east and institutional side. However, realisation increased 9.9% YoY to | 6,959 (vs. I-direct estimate of | 6206)...

Star Ferro and Cement Limited

08 Apr 2017

Board Meeting

Outcome of Board Meeting

BSE India

With reference to the Scheme of Amalgamation of Star Ferro and Cement Limited (Transferor Company) with Star Cement Limited (Transferee Company) as sanctioned by the Guwahati Bench of the Hon'ble National Company Law Tribunal (NCLT) on 7th February, 2017, we would like to inform you that the Board of Directors of Star Cement Limited (Transferee Company) at their meeting held today i.e., 8th April, 2017 have issued and allotted 29,54,90,077 Equity...

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Star Ferro and Cement Limited

07 Apr 2017

Board Meeting

Outcome of Board Meeting

BSE India

This is to inform you that the meeting of the Board of Directors of the Company held today stands adjourned for want of quorum due to non-availability of majority of requisite Board members within the scheduled time. Pursuant to the provisions of Section 174(4) of the Companies Act, 2013 and as per provisions of the Articles of Association of the Company, the Adjourned Meeting of the Board of Directors of the Company will be held tomorrow i.e., April...

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Star Ferro and Cement Limited

24 Mar 2017

Corp. Note

Investor Meet

BSE India

This is to inform you that the Company has participated in no-deal' road-shows at Mumbai from 21st March, 2017 to 23rd March, 2017 with the purpose of meeting Institutional Investors. At the road-shows, the Company has made the same presentation which was submitted to the Stock Exchange vide our letter dated 8th February, 2017 and uploaded on our website.

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Star Ferro and Cement Limited

22 Mar 2017

Corp. Action

Fixation Of Record Date By Star Cement Limited (Transferee Company')

BSE India

The Board of Directors of Star Cement Limited (Transferee Company) at their meeting held today i.e., 22nd March, 2017 has fixed 3rd April, 2017 (Monday) as the Record date' for the purpose of determining the members of the Star Ferro and Cement Limited to whom Equity Shares in Star Cement Limited (Transferee Company) will be issued and allotted in the ratio of 1.33 Equity Share of Re.1/- each fully paid up for every 1 Equity Share of Re.1/- each...

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Star Ferro and Cement Limited

22 Feb 2017

Corp. Action

Updates on Scheme of Amalgamation

BSE India

With reference to the earlier letter dated February 13, 2017, Star Ferro and Cement Ltd has now informed BSE that the Company has received on February 21, 2017 the certified copy of the order dated February 07, 2017, passed by the Guwahati Bench of the Hon'ble National Company Law Tribunal (NCLT) sanctioning the Scheme of Amalgamation of Star Ferro and Cement Limited ('Transferor Company') with Star Cement Limited ('Transferee Company')....

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Is Star Ferro and Cement Limited worth buying?

5 Votes:

Buy 60.0%

Sell 20.0%

Hold 20.0%