Simply Wall St is a financial technology startup focused on providing unbiased, high-quality research coverage on every listed company in the world. For comparison, other companies in the same industry with market capitalizations ranging between ₹15b and ₹59b had a median total CEO compensation of ₹26m. In the last year, its revenue is down 5.6%. Star Cement FunZone Diwali Jackpot Winner List ARC Contractor Scheme Contact us Get In Touch With Us Regd. Address , contact numbers, contact details of CIO , Chief Finance Officer CFO, HR Head, Sales Head, Purchase Head A: North East market is the biggest market for the company and prices are still stable in the North East, however, we took a small price hike in the month of November. Shri Agarwal joined the Star Group in 2009 as General Manager (Finance & Accounts) at Star Cement Meghalaya Limited and subsequently moved to Star Ferro & Cement Limited as CFO in the year 2014. This suggests that Star Cement remunerates its CEO largely in line with the industry average. So, there is no issue of growth in the cement sector and I don’t think that growth will be an issue in the coming year and I expect that in the cement sectors growth will remain almost flat at the end of the financial year 2020-21 and overall growth of 2-3% will be seen across India. In the next five year horizon, we have thought of developing an overall 10 million tonnes capacity in the Eastern sector for the company under which we may set-up one more plant in Durgapur, Bihar each and a clinker plant in Chhattisgarh or Madhya Pradesh, just to feed the Durgapur and Bihar plant. Notably, the salary of ₹19m is the entirety of the CEO compensation. Earnings per share at Star Cement Limited are much the same as they were three years ago, albeit with slightly higher. Besides, we have a grinding facility of around 1-1.50 million ton in Guwahati, which will be increased. Star Cement Meghalaya Limited is engaged in manufacturing of Cement Clinker and has a Clinkerization plant with an installed capacity of 1.75 MTPA. Looking ahead, you might want to check this free visual report on analyst forecasts for the company's future earnings.. He is the Managing Director of Century Plyboards (India) Limited. Star Cement Detailed director reports covering Star Cement Financial Results and Performance report. So, demand is intact and largely more demand is coming from retail. According to our data, Star Cement Limited has a market capitalization of ₹37b, and paid its CEO total annual compensation worth ₹19m over the year to March 2020. SHRABANI MONDAL | United States | CEO Office at Star Cement | 8 connections | See SHRABANI's complete profile on Linkedin and connect 19 others named SHRABANI MONDAL are on … Meanwhile, Star Cement is suffering from adverse shareholder returns and althoughEPS have grown over the past three years, they have not been extraordinary. After the first quarter of lockdown, we have seen good growth in the second quarter and the growth is visible in the third quarter as well. Star Cement Ltd, a subsidiary of Kolkata-based Century Plyboards (India) Ltd, has named Sudipto Mandal, as its new Vice President and CHRO. A: Our Siliguri plant is a Rs 400 crore plant, which has been funded through internal accruals. Star Cement Co., L.L.C. So, I don’t think that in future, whether in India or in the North Eastern sector, there can be any improvement in the export. Get Top Management, MD , CEO , HR Manager Contact details with Email id of Star Cement Ltd in Kolkata . See Zee Business Live TV Streaming Below: Q: Cement price increase has been in talks for a long time now. Even today, cash of around Rs 450 crore is available in the books of the company and it is getting an EBITDA of around Rs 450-500 crore annually. Published. In an interview to CNBC-TV18, Sanjay Gupta, CEO of Star Cement spoke about the results and his outlook for the company. Have you increased your prices recently? Check Business Breaking News Live on Zee Business Twitter and Facebook. But, Bangladesh can be market for us and we can look towards it. Going forward, we have plans to set-up a 2 million tonnes clinker plant in Meghalaya, which will be a backward integration because we have a clinker capacity of 3 million tonnes at present. Going ahead, what kind of price trend is visible and do you have any room to increase the prices, if yes, then what can be the quantum? Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. As we touched on above, Star Cement Limited is currently paying a compensation that's close to the median pay for CEOs of companies belonging to the same industry and with similar market capitalizations. We have rationalized realizations in certain markets and improved realizations in better markets like Northeast, he said. In the next three years, the company’s CapEx plans stand around Rs 1400 crore and the company will be able to generate cash of around Rs 1200 crore in this period. Star Cement has a target to have 10 million tonnes capacity in the next five years: Sanjay Kumar Gupta, CEO Sanjay Kumar Gupta, Chief Executive Officer (CEO), Start Cement, talks about, his outlook for the company in the New Year 2021, cement prices, demand recovery, expansion plans, CapEx and export opportunities among others during a candid chat with Zee Business Executive … • Project leader – Star Saathi Mobile app for 2300 Dealers at Star Cement on Android & iOS - facilitating Order booking, Order Tracking, Ledger & dealer wise performance at fingertips. India’s Star Cement has announced an INR4.5bn (US$61m) investment in Bengal through the construction of its new 2Mta grinding unit. Beware of fakes! Our research team consists of equity analysts with a public, market-beating track record. So in order to even out that lumpiness, we might have to take some debt in any one quarter. Promoted If you decide to trade Star Cement, use the lowest-cost* platform that is rated #1 Overall by Barron’s, Interactive Brokers. Sanjay Gupta became the CEO of Star Cement Limited (NSE:STARCEMENT) in 2003, and we think it's a good time to look at the executive's compensation against the backdrop of overall company performance. • Project Leader – Star Stellar mobile app for 3000 engineers linked to Star Cement on Android & iOS - creating loyalty program and rewarding engineers based on site recommendations. Edited Excerpts: Â. Q: We have seen momentum in the sector and your company has shown good growth in the last few months of 2020. This suggests it would be unwise for the company to pay the CEO too generously. (Star Cement), UAE - Company Information. So, definitely, expect that one country, largely cement is a domestically driven sector. Simply Wall St has no position in any stocks mentioned. Top Star Cement Stock Shares Holding - a list of all the mutual funds holding shares in this company and it forms a part of their top 10 holdings. CEO compensation can have a massive impact on performance, but it's just one element. First Cement Company in UAE implemented ISO 50001- Energy Management system & achieved certification. But otherwise, we have plans to remain debt-free in the coming next three years.Â. The last quarter being an exceptional one considering the unprecedented times due to the Coronavirus pandemic, Mr Sanjay Gupta the CEO of Star Cement joined ET Now to give his input on pricing trends, construction activities and the situation on the ground in the market. He has business and industrial experience of about 31 years. He is a promoter Director and also the Chairman of Star Cement Limited. Shri Sanjay Agarwal (Managing Director), is a Commerce Graduate from Calcutta University. Sanjay Kumar Gupta, Chief Executive Officer (CEO), Start Cement, talks about, cement prices, demand recovery, expansion plans, CapEx and price rise among others during a candid chat with Executive Editor Swati Khandelwal, Zee Business "The revenue was largely flat in the second quarter and there was revenue growth of around 5-6%. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Sanjay Kumar Gupta, Chief Executive Officer (CEO), Start Cement, talks about, his outlook for the company in the New Year 2021, cement prices, demand recovery, expansion plans, CapEx and export opportunities among others during a candid chat with Swati Khandelwal, Zee Business. During the year under review, the Company manufactured 15,41,945 MT of Star Cement reported good set of Q1 numbers. Siliguri plant will start in the second week of October 2020: Sanjay Kumar Gupta, Star Cement Sanjay Kumar Gupta, Chief Executive Officer (CEO), Start Cement, talks about cement prices, demand recovery, Capacity utilization, export market and expectations from the government during a candid chat with Zee Business Executive Editor Swati Khandelwal, During the year underreview the Company manufactured 1541945 MT of clinker So, I don’t think that there will be a need for any additional funding as sufficient internal accruals will be available with the company. It's hard to reach a conclusion about business performance right now. In chat with Anil Singhvi, Sandeep Jain picks Ingersoll Rand; know why he is bullish on this stock, Angry at WhatsApp privacy policy update? Q: What is your outlook on the export markets, what growth is expected from there and do you have any plans to enter some new markets or will have focus only on the domestic market? Sanjay Gupta became the CEO of Star Cement Limited ( NSE:STARCEMENT) in 2003, and we think it's a good time to look at the executive's compensation against the backdrop of overall company performance. However, we have increased our existing capacity of 4 million tonnes by another 2 million tonnes. Do you think that the momentum will continue and what is your outlook for 2021 for your company from the point of view of growth? Simply Wall St does a detailed discounted cash flow calculation every 6 hours for every stock on the market, so if you want to find the intrinsic value of any company just search here. Of course, you might find a fantastic investment by looking at a different set of stocks. We did our research and spotted 1 warning sign for Star Cement that investors should look into moving forward. In overall India too, I feel a price movement of at least 2-3% should be seen amid a pick-up in demand. Last updated 2021/01/03 12:16 Share Price & News How has Star Cement's share price performed over time and what events caused price This report reveals the WINNER! On a company level, Star Cement prefers to reward its CEO through a salary, opting not to pay Sanjay Gupta through non-salary benefits. As we touched on above, Star Cement Limited is currently paying its CEO below the median pay for CEOs of companies belonging A: It is so that the growth of the cement sector is good. Star Cement Co LLC P.O Box: 81521 Dubai, U.A.E Tel No:+9714-8801063 Fax : +97148801542 ABU DHABI Simply Wall St. This may be one to watch. This article by Simply Wall St is general in nature. 337927). At times, there is lumpiness because money is invested in a project at once, while the cash flows come every quarter. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. Flawless balance sheet and fair value. While addressing to the gathering Mr. S. P Shrimali, unit head of CMCL, star cement says that the department of CSR of Star Cement has been working for the people of its plant operational areas since the days of its inception. India - Shree Cement to give free cement to families of martyrs for building house Dec 05, 2020 Shree Cement will provide free cement to the… تم الإعجاب من TVS Chidambaram Mr. Mahendra Singhi, MD & CEO - Dalmia Cement (Bharat) Limited, will be speaking at the CCUS 2020 Conference. Q: Update us about your expansion plans? But, overall, I think, the institutional demand has also started picking-up from the months of November and December. It will happen mainly due to April, May and June. CEO pay isn't exceptionally high, but considering poor performance, shareholders will likely hold off support for a raise until results improve. Get up-to-date business information, contact details, latest news and press releases and people contacts on … But in 2021-22, we expect that overall demand for cement will be around 5-6% at India level, however, the overall demand in the East will stand around 7-8%. The plant established in Siliguri has started in the month of December. Star Cement rewards its CEO solely through a salary, ignoring non-salary benefits completely. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. We aim to bring you long-term focused analysis driven by fundamental data. With the addition of this 2 million tonnes plant, our capacity will go up to around 6 million tonnes. Q: What kind of CapEx has been used for the expansion that you have done? CRH has paid tribute to Jim Culliton, a former CEO of the company, who passed away on Monday. *Interactive Brokers Rated Lowest Cost Broker by StockBrokers.com Annual Online Review 2020Have feedback on this article? Overall, prices are still muted in the East largely because December is the year-end for many companies like Ambuja, ACC, so everyone has to push volumes in the market, so, a price uptick has not been seen in the Eastern sector, largely in West Bengal, Bihar, Jharkhand, Odisha. And, how will you fund the future expansion plans? Mr Culliton was a significant figure within several important Irish companies during the second half of the twentieth century, including spending 13 years as CEO of CRH. You are most focused in North East or East areas, so, do you have any plan to change your strategy to expand your business in some other areas, as well? Khaliehriat, Distt. Star Cement Meghalaya Limited is engaged in manufacturing of Cement Clinker and has aClinkerization plant with an installed capacity of 1.75 MTPA. Which mobile network has fastest down load speed; which has fastest upload speed? Concerned about the content? That's a notable increase of 38% on last year. Sanjay Gupta the CEO, Star Ferro & Cement speaks about co’s quarterly earnings Published on Nov 3, 2015 Jantia Hills Mayur Garden, 2nd Floor, Opp. Office & Works Lumshnong, P.O. In the East, West Bengal is connected with the sea but cement is not exported largely. Star Cement Co L.L.C. Learn more about the team behind Simply Wall St. We would argue that the lack of revenue growth in the last year is less than ideal, but the modest EPSgrowth gives us some relief. A: Scope for export is not very big in the case of Cement and North East is a landlocked position for us. This analysis will also evaluate the appropriateness of CEO compensation when taking into account the earnings and shareholder returns of the company. Check education experts’ take, other latest updates. Check alternatives Telegram and Signal | Downloads surge, CBSE Board exam 2021: From knowing Class 10, Class 12 exams 2021 syllabus, practicing old papers to smart learning- Rules students must follow to score great marks, Investors storm into money markets, gold as equity exuberance ebbs, Mid-Cap Stock Picks with Anil Singhvi: Know why VA Tech Wabag, RBL Bank and Bluestar are Ambareesh Baliga's top stocks to buy today, Warning for bank account holders! Get in touch with us directly. Should you invest in Star Cement (BSE:540575)? So, we have an overall thought of creating a 10 million tonnes capacity.Â. It’s FREE. Please read our Financial Services Guide before deciding whether to obtain financial services from us. Alternatively, email editorial-team@simplywallst.com. The Savannah Cement Team leader was named the Overall CEO of the Year at the concluded KIM Company of the Year Awards (COYA) gala … At least for the next three years will be taken to complete the CapEx and after that, we will definitely look at it. With the addition of this 2 million tonnes, our capacity will go up to 5 million tonnes. His appointment is effective from 1st February and he will be reporting to the CEO Sanjay Kumar Gupta. Later, Star Cement CEO Sanjay Kumar Gupta told TOI that he company is setting up a 2-million-tonne grinding unit in the state, which would be its first facility in the state. Check out our latest analysis for Star Cement. It will be the company’s first facility in the state and the government has already cleared land for the project in Jalpaiguri, according to the Times of India. A: We have set a target for ourselves that we will stay in East now. Star Cement rewards its CEO solely through a salary, ignoring non-salary benefits completely. Check the professional list by Designation, Email … So, we don’t have any intention to move out to some other region. "In 2021-22, we expect that overall demand for cement will be around 5-6% at India level, however, the overall demand in the East will stand around 7-8%," Sanjay Kumar Gupta said, Copyright © Zee Media Corporation Ltd. All rights reserved, 7th Pay Commission latest news: Big new year gift for these central government employees; Modi Govt extends this compensation, SBI Home Loan Calculator: Interest rate cut, know how it will impact your EMI | You will save this much money. September 16, 2020. Trade stocks, options, futures, forex, bonds and funds on 135 markets, all from a single integrated account. If total compensation veers towards salary, it suggests that the variable portion - which is generally tied to performance, is lower. Total energy cost savings over HEAVEN IS NEAR AT STAR CEMENT Business Case for1. Keep your money safe, don't do this online, CBSE Class 10, 12 Board Exam 2021: Date sheet declaration? Star Ferro and Cement Director Information - Get the latest information about Directors of Star Ferro and Cement on The Economic Times Never miss a great news story! But I feel, once the December quarter ends, slight price uptick will be seen in the months of January, February and March due to the robust demand mainly in the Eastern areas. Subscribe on YouTube. On an industry level, roughly 89% of total compensation represents salary and 11% is other remuneration. So take a peek at this free list of interesting companies. Given the total shareholder loss of 16% over three years, many shareholders in Star Cement Limited are probably rather dissatisfied, to say the least. Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. We are studying the market as it is a big market of 35-40 million tonnes and our Meghalaya plant is overlooking Bangladesh. Shri Dilip Kumar Agarwal is the Chief Financial Officer (CFO) of Star Ferro & Cement Limited. So, its cash flow stands around Rs 400 crore. Also, tell us about the kind of capacity expansion that will be seen at the company level and what is your vision for the company in the next five years? Do you like to find about Top Level of Executives and Decision makers of companies like Star Cement Limited. Landlocked position for us and we can look towards it salary and 11 % other... Tonnes, our capacity will go up to around 6 million tonnes by another 2 tonnes... The latest price-sensitive company announcements or qualitative material prepared without considering your objectives, Financial situation or needs markets... 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