strong foothold in North-Eastern region and a rapidly expanding presence in Eastern region states also (like West Bengal and Bihar) Company has market share of ~27% in North-East markets Q3FY26 performance: Revenue increased by 22.4% YoY (+8.5% QoQ) to Rs 880.0 crores, led by strong volume growth of 22.3% YoY (+8.5% QoQ) to 1.3 mtpa. Net realization remained flat on YoY basis (-2% QoQ). EBITDA/ton increased by 58.9% YoY (-3.9% QoQ) to Rs 1562/ton. Subsequently, EBITDA came at Rs 202.5 crore...

Star Cement Ltd. is trading below its 100 day SMA of 216.9

Star Cement Ltd.

24 Nov 2025

216.40

2.06%

Visible growth contours

Buy: Star Cement Ltd.

Target

Emkay

We interacted with the senior management of Star Cement (Star), for a deep dive into their growth plans and competitive scenario in the Northeast.

Star Cement Ltd. has an average target of 310.40 from 5 brokers.

Star Cement Ltd.

08 Nov 2025

216.40

2.06%

Aims at 18m-20m tonnes cement capacity by FY30; retaining a Buy

Buy: Star Cement Ltd.

Target

Anand Rathi

With 9.7m cement tpa now, Star Cement is targeting 18m-20m tpa by FY30. Greater operational efficiency with the stabilised clinker unit, incentives from capacity commissioning and the rising share of green energy (aimed at 55-60%) would aid the operating performance.

Star Cement Ltd.'s price crossed above 50Day SMA today

Star Cement Ltd.

07 Nov 2025

216.40

2.06%

Result Update:Star Cement

Buy: Star Cement Ltd.

Target

Axis Direct

We maintain our BUY rating on the stock.

Star Cement Ltd.'s price crossed above 50Day SMA today

Star Cement Ltd.

07 Nov 2025

216.40

2.06%

Star Cement

Buy: Star Cement Ltd.

Target

ICICI Direct

With healthy volume growth and healthy improvement in EBITDA/ton over FY25-28E, we expect revenue to grow ~15% CAGR over FY25-28E while EBITDA & PAT are expected to grow at ~30% & ~50% CAGR respectively. We recommend BUY on Star Cement with a revised target price of Rs 300...

Star Cement Ltd. is trading above its 50 day SMA of 212.3

Star Cement Ltd.

07 Nov 2025

216.40

2.06%

Star Cement (BUY): No major surprises; growth path modified, maintain BUY

Buy: Star Cement Ltd.

Target

BOB Capital Markets Ltd.

Revenues rose ~26% YoY in Q2FY26 on ~11% YoY volume gains, excluding clinker sales, though realisations stayed soft (-3% YoY)

Star Cement Ltd. is trading above its 50 day SMA of 212.3

Star Cement Ltd.

08 Oct 2025

216.40

2.06%

Axis Punch:Star Cement

Buy: Star Cement Ltd.

Target

Axis Direct

The stock is currently trading at 12.5x/11.5xFY26E/27E EV/EBITDA. We recommend a BUY on the stock with a TP of Rs 288/share, implying an upside potential of 10% from the CMP.