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'Buy' Star Cement Maintains HDFC Securities, Sees Multiple Growth Triggers
HDFC Securities maintains Buy rating on Star Cement with an unchanged target price of Rs 240/share (11 times FY27E consolidated Ebitda).
10 Mar 2025, 01:05 PM IST 
Star’s cement capacity will expand by another 4 mnmt by FY27-end with upcoming expansions in the north-east region which will bolster its market leadership.
(Photographer: Vijay Sartape/NDTV Profit)
Star Cement remains in a sweet spot owing to the rising share of low-cost green power, fuel cost reduction, and timely expansion in the North East region with large GST incentives. Thus, Star should remain the largest seller in the lucrative NE region and continue to deliver the industry's best margins.
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