Business
Buy Star Cement; target of Rs 310: Anand Rathi
Buy Star Cement; target of Rs 310: Anand Rathi
About this update from Star Cement Ltd.
Anand Rathi's research report on Star CementWith 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. Peak debt/EBITDA is guided to be 1.5x despite the expansion.OutlookWe retain our Buy recommendation, at a higher 12-mth TP of Rs310 (earlier Rs275), 12x Sep’27e EV/EBITDA.For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.Star Cement - 10112025 - anand