Star Cement Limited has informed the Exchange about Investor Presentation
Date: 19th November, 2025
To, The Listing Department, National Stock Exchange of India Limited Exchange Plaza, C-1, Block-G Bandra Kurla complex, Bandra-East Mumbai-400 051
To, The Listing Department BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai-400 001
Symbol : STARCEMENT
Scrip Code : 540575
Dear Sir/Madam,
Subject: Investor Presentation for the Second Quarter and Half Year ended 30th
September, 2025
Pursuant to the Regulation 30 of Securities and Exchange Board of India (Listing obligations and Disclosures Requirements) Regulation, 2015, an Investor Presentation for the Second quarter and Half year ended 30th September, 2025 has been prepared and the at same https://www.starcement.co.in/investors-presentation#main. We are enclosing herewith a copy of the Presentation for your information and record.
disseminated
Company’s
website
been
has
the
on
Request you to kindly take this communication on record.
Thanking you,
Yours faithfully, For Star Cement Limited
Debabrata Thakurta (Company Secretary) (M. No.: F6554)
Encl. as stated
CREATING A BETTER TOMORROW
Investors Presentation – Q2 - FY 26
NSE Ticker: STARCEMENT | BSE Ticker: 540575 | Bloomberg Ticker: STRCEM:IN
Q2 Presentation | SEPT 2025
Know Us Better: Company Snapshot
Lumshnong IU, Meghalaya
Guwahati Grinding Unit
Siliguri Grinding Unit
1
Star Cement – Company snapshots
Star Cement Limited is one of the leading names among Eastern India's cement manufacturers. The organisation has created a strong brand recall with its endeavor to maintain superior quality product, comprehensive supply chain eco-system, and unmatched efforts to uplift the whole community.
7.7 MTPA grinding capacity
6.1 MTPA clinker capacity
51MW TPP & 24.3 MW WHRS
~26% market share in the North-East market
Greener cement ~84% blended cement of Total sales
Premium sales 13.1% of Trade sales
Technical
Other core strengths
Sales and Marketing
Sufficient reserve of finest quality limestone
Workforce ~4,300+
Foraying into 800 CBM AAC Block & Other Building materials
2,000+ dealer network
13,300+ total retailer network
2
Largest Cement manufacturer in North-East India
Current capacities
7.7 MTPA Cement pdn. capacity
6.1 MTPA Clinker pdn. capacity
51 MW TPP
24.3 MW WHRS
Our expansion plan
CAPEX for the year FY26 estimated at
~INR 720Cr.
Silchar unit to be commissioned by Q4
FY26.
Siliguri GU, WB Cement capacity– 2MTPA
Guwahati GU, Assam Cement capacity – 4MTPA 800 CBM AAC Block.
Lumshnong Integrated unit, Meghalaya Clinker capacity – 6.1MTPA Cement capacity – 1.7MTPA TPP – 51MW + WHRS – 24.3MW
Silchar GU, Assam Upcoming – 2MTPA (FY26)
Jorhat GU, Assam Upcoming – 2MTPA
Existing
Upcoming
Planned
3
Roadmap for entry into North India with 4-5Mn tons Grinding capacity
A
Nimbol IU – Key details
• •
2.8 - 3.3 MTPA clinker along with 2 - 2.5 MTPA GU setup planned. Secured 80 Mn tons LS reserves at 64% premium; targeting 40-50 Mn tons more reserves marking strategic entry into North India.
B
Barwala
C Jaisalmer
B
Barwala GU – Key details
• •
2 - 2.5 MTPA GU setup planned. Attractive incentives and Fly ash availability, will cater to fast growing markets of NCR, Punjab and Haryana.
A Nimbol
C
Jaisalmer
271 Mn tons reserves secured at a nominal premium of 32% Plant Land identified adjacent to Railway siding.
• • • High quality LS, attractive regional subsidy – perfectly suited for
Phase II expansion.
4
A history of excellent execution and sustained expansion
Plan to take cement capacity to ~10MTPA by FY26.
Capacities
FY19
FY20
FY21
FY22
FY23
FY24
FY25
FY26
Clinker capacity
2.8
2.8
2.8
2.8
2.8
2.8
6.1
6.1
Cement capacity
3.67
5.67
5.67
5.67
5.67
7.67
7.67
9.67
First plant setup at Lumshnong, Meghalaya
Cement and clinker Capacity expansion at Lumshnong
Cement capacity at Lumshnong, Meghalaya shot up to 1.67MTPA
New cement unit in Mohitnagar, Siliguri – 2.0MTPA
New cement unit at Sonapur – 2.0 MTPA
New cement unit in Silchar, Assam – 2.0MTPA
Commissioned AAC block 800 CBM cap.
FY05
FY08
FY11
FY13
FY17
FY19
FY21
FY23
FY24
FY25
FY26
New cement unit commercialized at Lumshnong, Meghalaya
New clinker unit at Meghalaya – 1.8MTPA
New cement unit at Sonapur – 2.0 MTPA
Clinker production capacity enhanced to 2.8MTPA
Based on ongoing greenfield projects only.
Commissioning of 12.3MW WHRS at Lumshnong, Meghalaya
Commissioned New clinker unit 3.3MTPA
12MW WHRS commissioned
5
ESG Goals & Targets
Modules
Target
Present Status
Green energy (Q2 FY26~ 30.9%)
Green energy share of 55% by FY27.
Evaluating RE with various combinations like Captive Solar, Group Captive, Wind power. Land acquisition for Captive solar PP has already been made and MoU with Govt of Assam in progress.
WHRS– 24.3MW; 25.1% of total power substituted with WHRS.
Thermal Substitution Rate (TSR) (Q2 FY26 ~ 21.5%)
Water positivity
20% by FY26
Achieved target and plan to maintain that going forward.
2x water positive by 2025
1. 1.47 times water positive with construction of new water reservoir at Lumshnong. 2. Collaboration with communities for rainwater harvesting via pond and to assist in agriculture using drip irrigation.
Diversity and Inclusion
11% women of total workforce by 2026 and 12% by 2027
Head count raised from 168 in July’23 to 282 in Sep’25 (rising from 8% to 10% of the total permanent workforce)
6
Financial Highlights
7
Key operational achievements of Q2 FY26
20%
-9%
26%
-11%
99%
-16%
9.77
12.96
11.73
642
912
811
230
194
97
Q2 FY25
Q1 FY26
Q2 FY26
Q2 FY25
Q1 FY26
Q2 FY26
Q2 FY25
Q1 FY26
Q2 FY26
Sales Volume (lac tons)
Revenue (INR Cr.)
EBITDA (INR Cr.)
Q2 FY26 Highlights
Achieved strong financial performance : ✓ Sept sales tepid due to demand deferment ahead of GST rate reduction from 28% to 18%, despite that YoY volume growth of 20%; expecting strong demand momentum for Q3 and onwards. ✓ Highest ever EBITDA, PBT and PAT for 2nd quarter. ✓ Sales volume includes clinker sales of 100 KT. ✓ Premium sales ratio improved from 12.2% Q1’FY26 to 13.1% Q2’FY26.
8
Sales Performance Overview | Q2 FY26
Sales volume for Q2 FY26 grew 20% YoY; NE sales grew by 2% whereas ROE sales grew by 45%
Non Trade 20%
Trade Mix (%)
Geo-Mix (%)
OSNE 29%
Sales realizations during Q2 FY26 grew 6.2% YoY.
Trade 80%
NE 71%
Premium sales at 13.1% of Trade sales in Q2 FY26; up from 10.6% in Q2FY25.
In Q2 FY26 – Utilization of new grinding unit in Guwahati was 83%.
Product wise (%)
OPC 16%
Road:Rail mix
Rail 9%
Growth in Non-trade volumes in Q2 FY26 was ~45% YoY.
PPC 84%
PPC includes Premium
Road 91%
9
Logistics
1092
1234
1225
218
220
231
Q2 FY25
Q1 FY26
Q2 FY26
Q2 FY25
Q1 FY26
Q2 FY26
➢ YoY average logistics cost majorly increased due to
increase in Non-Trade mix in overall sales.
Q2 FY25
Q1 FY26
Q2 FY26
Lead Distance (kms)
5.30%
5.59%
9.60%
Q2 FY25
Q1 FY26
Q2 FY26
Rail co-efficent (%)
10
Power & Fuel
1193
1091
1133
1.5
21.5%
18.5%
1.4
1.3
9.8%
Q2 FY25
Q1 FY26
Q2 FY26
Q2 FY25
Q1 FY26
Q2 FY26
Q2 FY25
Q1 FY26
Q2 FY26
Q2 FY25
Q1 FY26
Q2 FY26
Fuel cost ( Rs./GCV)
TSR (%)
➢ 12MW WHRS having commissioned during Q4FY25 and stabilized now, is giving higher mix as a 25% of overall power mix driving significant cost savings.
34%
29%
31%
21.9%
23.0%
25.1%
➢ AFR for new clinker line has been commissioned in
Q1 FY26 which led to steep TSR increase YoY.
Q2 FY25
Q1 FY26
Q2 FY26
Q2 FY25
Q1 FY26
Q2 FY26
Green Energy (%)
WHRS (%)
11
Financial Highlights – YoY Comparative
Particulars
Q2 FY26
Q2 FY25
YoY%
Q1 FY26
FY25
Quantity Sales (Lacs tons)
Cement and Clinker Sales
Income and Expenses (INR Cr)
Revenue from sale of cement and Clinker
Other Revenue
EBITDA
Depreciation
Interest
Profit Before Tax
Profit After Tax
Gross Cash Accruals
Per Unit details (INR/ton )
EBITDA
Profit Before Tax
Profit After Tax
11.73
9.77
20.1%
12.96
47.31
811
3
194
90
11
92
71
161
1,650
787
606
642
2
97
83
7
8
6
88
995
77
58
26%
113%
99%
9%
56%
1121%
1154%
83%
66%
917%
944%
912
2
230
85
10
135
98
183
1,774
1,039
757
2,999
10
589
331
32
226
169
500
1,246
478
357
12
Sustainability & CSR: Integrating as key business principles
13
Social Initiatives
Livelihood and Skill Building
• Star USHA Tailoring School is going on in all locations. Annual examination held at Chamata Pathar School. • A training session has been arranged in Guwahati on Jewelry Making course. • Designer Clay lamp making projects has been organized at Srijani for preparation of Diwali Gift Boxes. • Srijani-Ananya: a Shopping bag preparation project has been started and going on at Srijani, • Beautician unit is going on with 40 new students. 25 pass out trainees have been supported with beautician kit.
Tailoring Class
Jewelry Training
Diya Making
Serijani Ananya
Beautician
Health & Sanitation
• Health Check-up camps have been organized in Sonapur and Silchar ,Assam to ensure medical consultation, medicines etc. at free of
cost to villagers. Spectacles were distributed among people of Sonapur
• Distribution of 65K Black Pepper Sapling at CGU periphery areas, • Potable water service has been ensured for the pilgrims of Jalpesh. Devotees were served with food to provide comfort in their
journey. During cremation program of legendary singer Zubeen Garg, more than 10K people were served with drinking water and ORS.
Health Camp
Food Security
Water & ORS Distribution.
14
Social Initiatives
Education
• School Infrastructure Development works including renovation & construction of building, financial aid, furniture support, school ground
development, classroom kit support,. have been initiated in all locations covering over 15 schools. Process initiated for implementation of new projects. Classes for Kala Mandir are going on as per schedule with all other extra-curricular activities for 350 students
• Computer Education on Wheels is going on in Sonapur and project will be newly launched at Silchar . National Level Award received from
“Education Today” on 12th Sept’25
Student support
Computer Education
School Development
School Support
School Development
Rural Development
•
• • •
More than 30 rural development projects have been identified & initiated for construction & renovation & infrastructure development in Assam, West Bengal & Silchar of Assam too in the current period. Around 15 social organizations have been supported with furniture to ensure appropriate environment. Installation of 80 Solar Street Lights have been ensured in West Bengal and Silchar for the benefit of the entire community A Children park had been developed at Sonapur , Assam
Construction of various Public Utility Areas
15
Awards & Accolades
Mr. Pradeep Purohit, CCO of Star Cement was bestowed with Marketing Meiister 2025 by BARC Asia & Herald Global. This recognition is for his sharp marketing vision, which has been translated into Solid brand campaigns resulting in our strong growth across markets.
Star Smart Building Solutions Ltd. a product extension of Star Cement Ltd. Awarded with prestigious Rising Brand of India by BARC Asia & Herald Global.
16
STARS of STAR
Star Cement took the initiative of celebrating our local celebrities by initiating association with some of the trailblazers of different sports categories as the company’s Brand Ambassadors.
The collaboration with these local celebrities aligns with Star Cement’s long-standing ethos, epitomized by the slogan “Har Ghar Mein Star”
The celebrated sports partner are : 1. Mirabai Chanu - Padmashri and Olympic medalist in Weight-lifting 2. Riyan Parag - Indian National Team Cricketer 3. Lovelina Borgoain - Olympic medalist in Boxing 4. Baichung Bhutia - Former Indian Team Football Captain 5. Association with Shillong Lajong FC – one of the premier football clubs in India.
17
Safe Harbour Clause Safe Harbour Clause
The given communication, except for historical information reflect current estimates and views of the management and no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness, or correctness of such information or opinions contained herein. Certain statements made in this presentation may not be based on historical information or facts and may be ‘forward-looking statements, including those relating to the general business plans and strategy of Star Cement, its future financial condition and growth prospects, future developments in its industry, and its competitive and regulatory environment, and statements which contain words or phrases such as ‘will’, ‘expected to’, ‘horizons of growth’, ‘strong growth prospects’, among many others, or similar expressions or variations of such expressions. These forward-looking statements involve several risks, uncertainties, and other factors that could cause actual results, opportunities, and growth potential to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, risks with respect to its cement business.
Star Cement may alter, modify, or otherwise change in any manner, the content of this presentation, without obligation to notify any person of such revision or changes. This presentation cannot be copied and disseminated in any manner.
Star Cement Limited www.starcement.co.in E-mail: investors@starcement.co.in Mobile No.: + 91 91474 15110 CIN: L26942ML2001PLC006663 NSE Ticker: STARCEMENT | BSE Ticker: 540575
Date: 19th Nov 2025
Corporate Office:
Century House, 2nd Floor, P-15/1, Taratala Road, CPT Colony, Taratala, Kolkata – 700088
18