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Latest filing: 2026-08-27 16:01
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20 announcements match the current filters (relevance ≥ 5).
Star Cement Relieved from Mineral Cess Post MMDR Amendment; Saves ~₹35.50 Cr Annually
Star Cement announced that pursuant to the MMDR Amendment Act, 2026 notified on August 22, 2026, it is no longer required to pay State mineral cess on limestone and shale in Meghalaya. The company previously paid ₹60 per tonne on limestone and ₹25 per tonne on shale, totaling ₹35.50 Crore in FY26 and ₹10.15 Crore in FY27 so far. This statutory change permanently removes this recurring levy, translating into an annual cost saving equal to ~9.7% of TTM PAT (₹366 Crore).
Confidence: HIGH
What changedCentral Government amended the MMDR Act to invalidate state-level mineral cess, relieving Star Cement from Meghalaya mineral levies effective August 22, 2026.
Why it mattersProvides an immediate and recurring annual operating cost reduction of ~₹35.50 Crore, boosting operating margins and earnings.
FY26 Mineral Cess Paid: ₹35.50 CroreFY27 YTD Cess Paid: ₹10.15 CroreFY26 Cess vs TTM PAT: ~9.7%Limestone Cess Rate: ₹60 per tonneShale Cess Rate: ₹25 per tonneEffective Date: 22nd August, 2026
📅 Short termImmediate relief from raw material cess outflows will lower operational expenses for the remaining quarters of FY27.
📈 Long termStructurally improves cost competitiveness and unit EBITDA for North-East manufacturing operations.
⚠ Risk flags
- Potential legal disputes or alternative indirect fees introduced by State Governments
- Past payments totaling over ₹45.65 Crore across FY26 and FY27 are non-refundable
Key Highlights
MMDR Amendment Act 2026 restricts State-level mineral cess and levies effective 22nd August, 2026
Company is relieved from paying mineral cess of ₹60/tonne on limestone and ₹25/tonne on shale in Meghalaya
Mineral cess expenses incurred stood at ₹35.50 Crore in FY26 and ₹10.15 Crore so far in FY27
Amounts already deposited are non-refundable, but future cess obligations stand eliminated immediately
👀 What to Watch
Track the reduction in raw material and royalty costs per tonne in Q2 and Q3 FY27 financial results to quantify the exact EBITDA margin expansion.
Star Cement Outlines ₹3,080 Cr North India Expansion to Reach 14.7 MTPA by FY29; Q1 PAT at ₹74 Cr
Star Cement released its Q1 FY27 investor presentation, detailing a ₹3,080 Cr capex plan (~80.9% of TTM revenue) to expand cement grinding capacity by over 50% from 9.7 MTPA to 14.7 MTPA by FY29 through plants in Rajasthan (3.0 MTPA) and Haryana (2.0 MTPA). Groundbreaking for the North India plants is slated for Q3 FY27, funded via internal accruals and debt while maintaining net debt/EBITDA below 2.0x. Operationally, Q1 FY27 revenue rose 3% YoY to ₹943 Cr with sales volume up 4% to 13.54 lakh tons, though PAT declined 25% YoY to ₹74 Cr due to higher logistics and fuel costs and lower GST subsidy reimbursements.
Confidence: HIGH
What changedThe company outlined a detailed phased investment schedule of ₹3,080 Cr to expand footprint beyond Eastern India into North India by FY29.
Why it mattersExpanding into Rajasthan and Haryana transforms Star Cement from a regional Northeast/East player into a pan-India producer, reducing geographic concentration risk.
Planned Capex Outlay: ₹3,080 CrCapex vs TTM Revenue: ~80.9%Target Grinding Capacity: 14.7 MTPAQ1 FY27 Revenue: ₹943 CrQ1 FY27 PAT: ₹74 Cr
📅 Short termEarnings sentiment remains constrained by margin pressure (EBITDA/ton down 16% YoY) and regional supply-chain bottlenecks, keeping near-term price movement rangebound.
📈 Long termStructural capacity ramp-up from 9.7 MTPA to 14.7 MTPA by FY29 combined with rich state industrial subsidies in Rajasthan and Haryana offers substantial multi-year volume growth potential.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- High capex execution risk and potential project delays across Rajasthan and Haryana sites
- Fuel cost volatility and dependency on spot coal and railway route restrictions in North-East operations
Key Highlights
Planned capex outlay of ₹3,080 Cr across FY27-FY29 to add 5.0 MTPA grinding and 3.3 MTPA clinker capacity in North India (Nimbol, RJ and Jhajjar, HR)
Q1 FY27 revenue increased 3% YoY to ₹943 Cr, while EBITDA fell 12% YoY to ₹203 Cr with EBITDA/ton at ₹1,497 (vs ₹1,774 in Q1 FY26)
Sales volume stood at 13.54 lakh tons (up 4% YoY), driven by a 22% volume expansion in Rest of East markets
Share of premium cement in trade sales expanded to 15.9% compared to 12.2% in Q1 FY26
👀 What to Watch
Track groundbreaking milestones and land acquisition progress for the Nimbol and Jhajjar plants starting in Q3 FY27, along with recovery in EBITDA/ton realization in upcoming quarters.
₹1,497 EBITDA/ton in Q1 FY27: Star Cement faces subsidy and flood headwinds
Star Cement's Q1 FY27 revenue rose 6.5% YoY to ₹902 cr, but PAT fell 24% to ₹74 cr. The decline was primarily driven by a ₹40 cr hit from reduced GST-linked subsidies and fuel costs rising to ₹1.55 (vs ₹1.33 in Q4 FY26). Management has lowered FY27 volume growth guidance to 8-9% from 11-12% due to severe flooding in the Northeast. EBITDA per ton compressed to ₹1,497 from ₹1,774 YoY, though premium sales improved to 15.9%.
Confidence: HIGH
What changedManagement lowered annual growth targets and reported margin compression due to subsidy accounting and fuel spikes.
Why it mattersAs a regional leader, Star Cement's profitability is highly sensitive to Northeast weather patterns and government incentive structures, which are currently creating headwinds.
Q1 Revenue: ₹902 crEBITDA per ton: ₹1,497Premium sales share: 15.9%Revised volume guidance: 8-9%Q1 Revenue vs TTM: 23.9%
📅 Short termQ2 is expected to remain weak due to floods and kiln shutdown expenses, with EBITDA per ton projected at ~₹1,400.
📈 Long termLong-term prospects depend on the successful execution of the ₹3,000 cr expansion and diversification into Eastern India to reduce regional concentration.
⚠ Risk flags
- Regional flood dependency
- Fuel cost volatility
- Subsidy realization delays
Key Highlights
Revenue increased to ₹902 cr in Q1 FY27 from ₹847 cr in Q1 FY26
EBITDA per ton dropped to ₹1,497, a 15.6% decline from ₹1,774 YoY
Fuel costs jumped to ₹1.55 from ₹1.33 in the preceding quarter
FY27 volume growth guidance revised downwards to 8-9% from 11-12%
Total outstanding subsidy from Assam government stands at ₹130 cr
👀 What to Watch
Watch for volume recovery in Q3 FY27 post-monsoon and the stabilization of fuel costs, which management expects to drop to ₹1.45 in Q2.
Star Cement Shareholders Approve Tushar Bhajanka as MD & CEO for 3-Year Term
Shareholders of Star Cement have formally approved the appointment of Mr. Tushar Bhajanka as Managing Director & CEO for a three-year term effective from May 22, 2026, to May 21, 2029. The resolution passed with 99.06% total votes in favor, although 21.65% of institutional votes were cast against the appointment. Additionally, Mr. Prem Kumar Bhajanka has been redesignated as Vice Chairman & Managing Director. These leadership changes occur as the company undertakes a significant Rs 3,000 Cr capacity expansion to diversify its geographic footprint.
Confidence: HIGH
What changedFormal shareholder ratification of the transition in top leadership, elevating Tushar Bhajanka to MD & CEO and moving Prem Kumar Bhajanka to the Vice Chairman role.
Why it mattersEnsures leadership continuity and clarity during a high-growth phase where the company is investing nearly 38% of its market cap into new capacity and diversifying into Eastern India.
Votes in favor (MD & CEO): 99.06%Institutional votes against (MD & CEO): 21.65%Appointment Duration: 3 yearsTotal votes polled: 31,48,85,704Ongoing Capex vs Market Cap: ~37.8%
📅 Short termThe stock is likely to remain neutral as this management transition was expected and has now been formally concluded.
📈 Long termThe structural success of the company depends on the new leadership's ability to scale the AAC block business and successfully enter the Eastern India market to balance regional risks.
⚠ Risk flags
- Notable institutional dissent (21.65%) on the MD & CEO appointment resolution
Key Highlights
Mr. Tushar Bhajanka appointed as MD & CEO for a 3-year tenure ending May 21, 2029
Resolution for MD & CEO appointment passed with 99.06% total approval
Institutional dissent recorded with 21.65% of institutional votes (28.7 lakh shares) cast against the MD & CEO appointment
Mr. Prem Kumar Bhajanka redesignated as Vice Chairman & MD with 99.90% shareholder approval
Total valid votes polled represented 77.91% of the company's outstanding shares
👀 What to Watch
Investors should monitor the new CEO's execution of the ongoing Rs 3,000 Cr expansion plan and the company's progress in reducing its 71% volume concentration in the North-East region.
Rs 1.85 Q1 EPS: Star Cement reports 24% YoY profit dip; re-appoints top leadership for 3 years
Star Cement reported a decline in profitability for Q1 FY27, with EPS falling to Rs 1.85 from Rs 2.44 in the same quarter last year. To ensure stability during its large-scale expansion phase, the Board approved the re-appointment of four key management personnel, including the Chairman and two Managing Directors, for a three-year term starting April 2027. The company is currently executing a massive Rs 3,000 Cr capacity expansion, which is approximately 179% of its current net worth. Additionally, the group completed the 100% acquisition of two subsidiaries, Jaitaran Renewable Power and Nitesh Minerals, in April 2026.
Confidence: HIGH
What changedThe company reported a YoY decline in quarterly earnings and secured its top leadership team for another three-year term starting in 2027.
Why it mattersManagement continuity is critical as the company undergoes a massive capital expenditure program (1.79x its net worth) to reduce regional concentration and scale operations.
Q1 FY27 EPS: Rs 1.85Q1 FY26 EPS: Rs 2.44Expansion Capex: Rs 3,000 CrCapex vs Net Worth: ~179%TTM Revenue: Rs 3,777 Cr
📅 Short termThe stock may face short-term pressure due to the YoY decline in EPS and the overall contraction in quarterly profitability.
📈 Long termThe long-term outlook depends on the successful commissioning of the Rs 3,000 Cr expansion and the company's ability to gain market share in Eastern India.
⚠ Risk flags
- High regional concentration (71% in North-East)
- Execution risk of large capex relative to net worth
- Dependency on coal availability and regional logistics
Key Highlights
Q1 FY27 EPS stood at Rs 1.85, a 24.2% decrease compared to Rs 2.44 in Q1 FY26.
Re-appointment of 4 key directors for a 3-year term (April 2027 to March 2030) to maintain management continuity.
Ongoing Rs 3,000 Cr capacity expansion aimed at diversifying beyond the North-East region where 71% of volumes are currently concentrated.
Completed 100% acquisition of Jaitaran Renewable Power and Nitesh Minerals in April 2026.
Tushar Bhajanka redesignated as MD & CEO effective May 2026, with revised remuneration of Rs 2.77 Cr accounted for in the current results.
👀 What to Watch
Investors should monitor the execution timeline of the Rs 3,000 Cr expansion and the impact of the newly acquired renewable and mineral subsidiaries on operating margins in upcoming quarters.
Rs 74.6 Cr Q1 PAT: Star Cement Reports 24% YoY Profit Decline; Re-appoints Key Directors
Star Cement reported a consolidated PAT of Rs 74.62 Cr for Q1 FY27, representing a 24.2% decline from Rs 98.44 Cr in the same quarter last year. EPS fell to Rs 1.85 from Rs 2.44 YoY. The company transitioned to a concessional income tax rate (Section 115BAA) effective April 1, 2026, which impacted tax comparability. The Board also approved the re-appointment of four key directors, including Chairman Sajjan Bhajanka, for a three-year term starting April 2027.
Confidence: HIGH
What changedThe company has reported its Q1 FY27 financial performance, extended the tenure of its core leadership team, and finalized two small-scale acquisitions.
Why it mattersThe results show a significant YoY profit contraction despite management stability; the shift to a concessional tax rate is a structural change for future net earnings.
Q1 FY27 PAT: Rs 74.62 crQ1 FY26 PAT: Rs 98.44 crPAT Growth (YoY): -24.2%Q1 FY27 EPS: Rs 1.85CEO Remuneration: Rs 2.78 cr
📅 Short termThe stock may face pressure due to the 24% YoY decline in quarterly profit, though management continuity provides some stability.
📈 Long termThe company's focus remains on its Rs 3,000 Cr capacity expansion and diversification beyond the North-East; the lower tax rate will benefit long-term cash flows.
⚠ Risk flags
- Significant YoY decline in profitability
- High concentration of family members in top management roles
Key Highlights
Consolidated PAT for Q1 FY27 stood at Rs 74.62 Cr, down 24.2% from Rs 98.44 Cr in Q1 FY26.
Re-appointment of Chairman Sajjan Bhajanka and three other top executives for a 3-year term (2027-2030).
Completed 100% acquisition of Jaitaran Renewable Power and Nitesh Minerals in April 2026.
Transitioned to a lower corporate tax regime under Section 115BAA effective April 1, 2026.
Revised remuneration for MD & CEO Tushar Bhajanka accounted at Rs 2.78 Cr pending shareholder approval.
👀 What to Watch
Investors should monitor the impact of the lower tax regime on net margins and the integration of the two new subsidiaries into the consolidated financials.
Star Cement Q1 FY27 Results: Re-appoints Top Management for 3-Year Term; Adopts New Tax Regime
Star Cement approved its Q1 FY27 financial results and confirmed the re-appointment of four key executive directors, including the Chairman and Managing Director, for a three-year term starting April 2027. The company completed the 100% acquisition of Jaitaran Renewable Power and Nitesh Minerals during the quarter, integrating them into consolidated results. A significant shift occurred as the company adopted the Section 115BAA concessional tax rate effective April 1, 2026, which will impact year-on-year tax comparability. Additionally, the company is seeking shareholder approval for the revised remuneration of its MD & CEO, totaling Rs 2.78 crore for the period.
Confidence: HIGH
What changedThe company has formalized its leadership structure for the next three years and transitioned to a lower corporate tax bracket.
Why it mattersLeadership continuity is critical as the company executes its strategy to diversify into Eastern India and scale its AAC block business; the tax change will structurally alter net profit margins going forward.
Management Re-appointment Term: 3 yearsCEO Revised Remuneration: Rs 277.86 lakhsAcquisition Stake (JRPPL & NMPL): 100%CEO Remuneration vs TTM PAT: ~0.71%AGM Date: 25th September 2026
📅 Short termThe stock may see neutral to slightly positive sentiment as management stability is confirmed and the market digests the Q1 earnings performance.
📈 Long termThe adoption of the concessional tax rate and the integration of renewable/mineral subsidiaries support long-term margin efficiency and backward integration.
⚠ Risk flags
- Related-party concentration (Bhajanka family members in key roles)
- Integration risks of newly acquired subsidiaries
- Pending shareholder approval for executive remuneration
Key Highlights
Re-appointed 4 top executives, including CMD Sajjan Bhajanka, for a 3-year term from April 2027 to March 2030.
Completed 100% equity acquisition of Jaitaran Renewable Power (April 23, 2026) and Nitesh Minerals (April 1, 2026).
Adopted concessional income tax rate under Section 115BAA effective from the current financial year (April 1, 2026).
Accounted for revised MD & CEO remuneration of Rs 277.86 lakhs pending shareholder approval via postal ballot.
Scheduled the 25th Annual General Meeting for September 25, 2026, with book closure starting September 19, 2026.
👀 What to Watch
Investors should review the full Q1 FY27 P&L to assess volume growth and margin performance under the new tax regime, and monitor the progress of the ongoing Rs 3,000 Cr capacity expansion.
Star Cement Wins Mining Lease Bid for 207.8M Tonnes Limestone Resource in Assam
Star Cement Limited has been declared the preferred bidder for a significant limestone mining lease in the Dima Hasao district of Assam. The Boro Lakhindong (West Block) covers an area of 123 hectares and contains an estimated limestone resource of 207.822 million tonnes. This acquisition is a strategic move to secure long-term raw material supply for the company's cement manufacturing operations in the Northeast region. Securing such a large resource base supports future capacity expansion and provides a competitive advantage in raw material costs.
Key Highlights
Declared preferred bidder for Boro Lakhindong (West Block) mining lease via e-auction.
The mining block covers a total area of 123 hectares in Umrangso, Assam.
Estimated limestone resource in the block is 207.822 million tonnes.
Strengthens raw material security and long-term production sustainability for the company.
👀 What to Watch
Investors should view this as a strong positive for long-term value creation and raw material security. Monitor for further updates regarding the final lease execution and environmental clearances.
Star Cement Q4 FY26: EBITDA up 19% YoY to ₹318 Cr; Capacity to reach 16.7 MTPA by FY29
Star Cement reported a strong Q4 FY26 with revenue growing 11% YoY to ₹1,174 crore and EBITDA rising 19% to ₹318 crore, driven by a 13% increase in sales volume. For the full year FY26, the company achieved its highest-ever EBITDA of ₹944 crore, representing a 60% YoY growth. The company is aggressively expanding its footprint beyond the North-East, targeting a total grinding capacity of 16.7 MTPA by FY29 with upcoming units in Bihar, Rajasthan, and Haryana. Operational efficiency improved with Waste Heat Recovery Systems (WHRS) now contributing 27.4% of the power mix.
Key Highlights
Q4 FY26 EBITDA grew 19% YoY to ₹318 Cr with EBITDA per ton improving 5.2% to ₹1,838.
Full-year FY26 PAT surged 131% YoY to ₹390 Cr compared to ₹169 Cr in FY25.
Commissioned 2.0 MTPA Cachar Grinding Unit in Feb 2026, bringing total grinding capacity to 9.7 MTPA.
Outlined a roadmap to nearly double capacity to 16.7 MTPA by FY29 with a planned FY27 capex of ~₹700 Cr.
Green energy share reached 33.8% in Q4 FY26, significantly reducing power and fuel costs to ₹975 per ton.
👀 What to Watch
Investors should maintain a positive outlook as the company successfully transitions from a regional North-East player to a PAN India entity with robust margins. Key monitorables include the timely execution of the Bihar and Rajasthan expansion projects and the impact of logistics costs in the North-East Frontier region.
Star Cement Q4 FY26 EBITDA Rises 21% YoY to ₹324 Cr; FY26 EBITDA/Ton Hits ₹1,738
Star Cement reported a robust performance for FY26, with annual EBITDA surging to ₹955 crores from ₹589 crores in FY25. The company achieved a significant improvement in profitability, with full-year EBITDA per ton reaching ₹1,738, up from ₹1,245. Management has guided for a 10-12% volume growth in FY27 and outlined a major capex plan of approximately ₹2,100-2,200 crores over the next two years for expansion into Bihar and Haryana. While subsidies are expected to moderate to ₹140-150 crores in FY27, the company remains focused on high-margin cement sales and geographic diversification.
Key Highlights
Q4 FY26 EBITDA per ton improved to ₹1,871 compared to ₹1,748 in the same quarter last year.
Full-year FY26 PAT grew by 130% to ₹390 crores from ₹169 crores in FY25.
Management expects 10-12% volume growth in FY27, despite a sluggish April impacted by elections.
Capex guidance set at ₹600-700 crores for FY27 and ₹1,500 crores for FY28 for Greenfield units in Bihar and Haryana.
Operational efficiency improved as lead distance reduced to 220 km from 229 km YoY.
👀 What to Watch
Investors should focus on the company's industry-leading margins and the execution of its expansion into non-Northeast markets like Bihar and Haryana. While short-term fuel costs may rise in Q1 FY27, the long-term growth trajectory remains strong due to capacity additions and reduced logistics costs.
Star Cement Appoints Tushar Bhajanka as MD & CEO; Prem Kumar Bhajanka Named Vice Chairman
Star Cement has announced a leadership transition, elevating Mr. Tushar Bhajanka to Managing Director & CEO for a three-year term effective May 22, 2026. His father, Mr. Prem Kumar Bhajanka, has transitioned from Managing Director to Vice Chairman & Managing Director. The board also approved the audited financial results for the year ended March 31, 2026, which received an unmodified audit opinion. This move formalizes a succession plan within the promoter family, placing the younger generation in the primary executive role.
Key Highlights
Mr. Tushar Bhajanka (29) appointed as MD & CEO for a 3-year term ending May 21, 2029.
Mr. Prem Kumar Bhajanka (68) transitioned to Vice Chairman & Managing Director with immediate effect.
Audited FY26 financial results approved with an unmodified opinion by statutory auditors Singhi & Co.
Mr. Prem Kumar Bhajanka holds 4,34,99,400 equity shares in the company as of March 31, 2026.
M/s B. G. Chowdhury & Co. re-appointed as Cost Auditors for the 2026-27 financial year.
👀 What to Watch
Investors should monitor the company's strategic direction under the new CEO's leadership. The transition appears to be a planned family succession and is unlikely to cause immediate operational disruption.
Star Cement Approves FY26 Results and Elevates Tushar Bhajanka to MD & CEO
Star Cement's Board has approved the audited financial results for the fiscal year ended March 31, 2026, with an unmodified audit opinion from statutory auditors. A significant leadership transition was announced, elevating Tushar Bhajanka to Managing Director & CEO for a three-year term until May 2029. Prem Kumar Bhajanka has transitioned from Managing Director to the role of Vice Chairman & Managing Director. The company will seek shareholder approval for these appointments via a Postal Ballot.
Key Highlights
Approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.
Tushar Bhajanka promoted to Managing Director & CEO for a 3-year term effective May 22, 2026.
Prem Kumar Bhajanka redesignated as Vice Chairman & Managing Director of the company.
M/s B. G. Chowdhury & Co. re-appointed as Cost Auditors for the financial year 2026-27.
Statutory auditors Singhi & Co. issued an unmodified opinion on the annual financial results.
👀 What to Watch
Investors should review the detailed financial performance once the full report is released to assess margin trends. The leadership transition indicates a planned succession within the promoter family, which suggests operational continuity.
Star Cement Subsidiary to Acquire 100% of Nitesh Minerals for Rs 17.19 Crore
Star Cement's subsidiary, Ri Pnar Cement Private Limited, has entered into a Share Purchase Agreement to acquire 100% of Nitesh Minerals Private Limited for Rs 17.19 crore. The acquisition is aimed at securing a steady supply of limestone, as Nitesh Minerals holds a mining lease. Nitesh Minerals recorded a turnover of Rs 157.22 lakhs in 2025 and Rs 287.07 lakhs in 2024. This strategic move is expected to provide logistical benefits and strengthen the company's backward integration in the cement business.
Key Highlights
Acquisition of 100% stake in Nitesh Minerals Private Limited for Rs 17.19 crore cash consideration.
Strategic move to secure limestone mining leases for uninterrupted raw material supply.
Target company turnover was Rs 157.22 lakhs in 2025, compared to Rs 287.07 lakhs in 2024.
Nitesh Minerals will become a step-down subsidiary of Star Cement Limited.
👀 What to Watch
Investors should view this as a positive strategic move for long-term raw material security. Monitor the impact on logistics costs and operating margins in future earnings reports.
Star Cement Seeks Reclassification of Chamaria Group (6.05% Stake) to Public Category
Star Cement Limited has applied to the NSE and BSE for the reclassification of 29 members of the Chamaria Group from the 'Promoter' to 'Public' category. This group collectively holds 2,44,60,037 equity shares, representing approximately 6.052% of the company's total share capital as of December 31, 2025. The Board of Directors approved this move on February 6, 2026, confirming the group meets SEBI's regulatory criteria for reclassification. Additionally, the company recently declared a 100% interim dividend of Re. 1 per share.
Key Highlights
Application filed to reclassify 29 members of the Chamaria Group to the Public category.
The group holds 24,460,037 shares, accounting for 6.052% of the total equity.
Application for no-objection was submitted to stock exchanges on February 10, 2026.
Board declared a second interim dividend of 100% (Re. 1 per share) for FY 2025-26.
The reclassification is pursuant to Regulation 31A of SEBI LODR Regulations.
👀 What to Watch
Investors should monitor the change in shareholding structure as it technically increases the public float, though it does not change the company's operational fundamentals. No immediate action is required as this is a regulatory classification update.
Star Cement Subsidiary Starts Commercial Production at 2.0 MTPA Grinding Unit in Assam
Star Cement Limited's subsidiary, Star Cement North East Limited, has successfully commenced commercial production at its new grinding unit in Cachar, Assam, as of February 20, 2026. The new facility adds a substantial 2.0 MTPA (Million Tonnes Per Annum) to the company's existing production capacity. This expansion is strategically located to serve the high-demand Northeast Indian market. The operationalization of this unit is expected to drive volume growth and enhance the company's regional market share in the near term.
Key Highlights
Commencement of commercial production at a new 2.0 MTPA grinding unit in Cachar, Assam.
The project was executed through the subsidiary company, Star Cement North East Limited.
Operations officially began on February 20, 2026, following successful setup.
The expansion significantly boosts the company's total cement grinding capacity in its core Northeast market.
👀 What to Watch
Investors should consider this a positive development for long-term growth as it increases production capacity by 2.0 MTPA. Monitor the next few quarterly results to see the impact of this new capacity on revenue and EBITDA margins.
Star Cement Q3 FY26 PAT Jumps to ₹74 Cr; EBITDA Per Ton Rises to ₹1,600
Star Cement reported a robust performance for Q3 FY26, with revenue growing 22.4% YoY to ₹880 crores. The company's EBITDA per ton saw a significant jump to ₹1,600 compared to ₹1,000 in the previous year, driven by improved realizations in the Northeast market. Net profit surged to ₹74 crores from ₹9 crores YoY, despite a 28% drop in subsidy income. Management confirmed the commissioning of the Silchar plant in February 2026, which is expected to bolster future volumes and subsidy benefits.
Key Highlights
Revenue increased to ₹880 crores from ₹719 crores YoY, while PAT surged to ₹74 crores from ₹9 crores.
EBITDA per ton improved significantly to ₹1,600 from ₹1,000 in the same quarter last year.
Total cement sales volume grew to 12.31 lakh tons, with Northeast sales accounting for 9.36 lakh tons.
Silchar plant commissioning is scheduled for February 2026, with subsidy benefits expected to kick in after 7-8 months.
Incentive income dropped 28% YoY to ₹33 crores following the GST rate reduction from 28% to 18%.
👀 What to Watch
Investors should consider the strong operational efficiency and upcoming capacity expansion at Silchar as positive long-term catalysts. The company remains a dominant player in the Northeast, though monitoring logistics costs and the impact of new regional capacity is advised.
Star Cement Declares Re. 1 Interim Dividend and Approves Promoter Reclassification
Star Cement has declared a second interim dividend of 100% (Re. 1 per equity share) for FY 2025-26, with the record date set for February 12, 2026. The company also approved the reclassification of 29 members of the Chamaria Group, holding a 6.052% stake, from the Promoter to the Public category. Financially, the company recognized an exceptional item of ₹552.03 lakhs due to the implementation of new Labour Codes. The dividend is expected to be paid to eligible shareholders by March 8, 2026.
Key Highlights
Declared 2nd interim dividend of Re. 1 per share (100% of face value) for FY 2025-26
Fixed February 12, 2026, as the Record Date for dividend eligibility
Approved reclassification of 29 Chamaria Group members (6.052% stake) to Public Category
Recognized an exceptional expense of ₹552.03 lakhs related to new Labour Code regulations
Dividend payment to be completed within 30 days of declaration, by March 8, 2026
👀 What to Watch
Investors interested in the dividend should ensure they hold the stock before the ex-dividend date to qualify for the Re. 1 per share payout. The promoter reclassification is a structural change that may improve the stock's public float and liquidity over time.
Star Cement Declares Re. 1 Interim Dividend and Approves Promoter Reclassification
Star Cement has declared a second interim dividend of 100% (Re. 1 per share) for FY 2025-26, with the record date set for February 12, 2026. The company also approved the reclassification of 29 members of the Chamaria Group, who hold a combined 6.052% stake, from the 'Promoter' to the 'Public' category. Financially, the company recognized a one-time exceptional expense of ₹552.03 lakhs due to the impact of new Labour Codes. The board has also approved the unaudited financial results for the quarter and nine months ended December 31, 2025.
Key Highlights
Declared 2nd Interim Dividend of Re. 1 per equity share (100% of face value) for FY 2025-26.
Fixed February 12, 2026, as the Record Date for determining dividend eligibility.
Approved reclassification of 29 Chamaria Group members holding 2,44,60,037 shares (6.052%) to Public category.
Recognized an exceptional item of ₹552.03 lakhs related to the implementation of four new Labour Codes.
Dividend payment to be completed on or before March 8, 2026.
👀 What to Watch
Investors should ensure they hold shares by the February 12 record date to qualify for the Re. 1 dividend. The promoter reclassification is a structural change that will increase the public float, potentially improving stock liquidity.
Star Cement Declares ₹1 Interim Dividend; Reclassifies 6.05% Promoter Stake
Star Cement has declared a second interim dividend of ₹1 per share (100% of face value) for FY 2025-26. The Board has fixed February 12, 2026, as the record date, with payments to be completed by March 8, 2026. Additionally, the company approved the reclassification of 29 members of the Chamaria Group, who hold a combined 6.052% stake, from the Promoter to the Public category. The financial results also reflect an exceptional expense of ₹552.03 lakhs due to the implementation of new Labour Codes.
Key Highlights
Declared 2nd interim dividend of ₹1 per equity share (100% of face value).
Record date for dividend eligibility fixed as February 12, 2026.
Approved reclassification of 29 Chamaria Group members holding 2,44,60,037 shares (6.052%) to Public category.
Recognized an exceptional item of ₹552.03 lakhs related to the impact of new Labour Codes.
Dividend payment to be completed within 30 days, on or before March 8, 2026.
👀 What to Watch
Investors looking to benefit from the ₹1 dividend should ensure they hold the shares before the record date of February 12, 2026. The promoter reclassification is a structural change and is unlikely to impact the company's operational fundamentals.
Star Cement Declares ₹1 Interim Dividend and Approves Promoter Reclassification
Star Cement has declared a second interim dividend of ₹1 per equity share (100% of face value) for the financial year 2025-26. The company fixed February 12, 2026, as the record date for determining eligible shareholders, with payments to be completed by March 8, 2026. Alongside financial results, the board approved the reclassification of 29 members of the Chamaria Group, holding a 6.052% stake, from 'Promoter' to 'Public' category. Additionally, the company recognized an exceptional cost of ₹552.03 lakhs related to the implementation of new Labour Codes.
Key Highlights
Declared 2nd interim dividend of ₹1 per share (100% of face value Re. 1).
Record date for dividend eligibility set for February 12, 2026.
Approved reclassification of 29 Chamaria Group members (6.05% stake) to Public category.
Recognized an exceptional item of ₹552.03 lakhs due to new Labour Code regulations.
Dividend payment to be completed on or before March 8, 2026.
👀 What to Watch
Investors interested in the dividend should ensure they hold the stock before the February 12 record date. The promoter reclassification is a positive step for corporate governance and may improve the stock's public float and liquidity.
