Asian Star Company Ltd

Asian Star Co. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Asian Star Company Ltd

₹ 841 1.37%
04 Dec 1:32 p.m.
asianstargroup.com BSE: 531847
About

Incorporated in 1971, Asian Star Company
Ltd is in the business of diamond cutting
and polishing, jewellery manufacturing
and retailing, and wind power generation[1]

Key Points

Business Overview:[1][2][3]
a) ASCL procures rough diamonds at group level and processes it into cut and polished diamonds in their manufacturing facility in Surat, Gujarat. The polished diamonds are then sold across the globe
b) Company is focused on Cutting and Polishing of Diamonds (CPDs) small size diamonds (less than 1 carat) which are used in studded jewelry.
c) Company also manufactures diamond-studded gold and platinum jewelry.
d) ASCL is partially integrated across the G&J value chain from procurement
of rough diamonds, diamond cutting & polishing to jewelry manufacturing and distribution to retailers all over the world
e) Company is also engaged in ownership, operation and maintenance of wind turbines for generation of electricity through wind power in India.

Website BSE
  • Market Cap ₹ 1,346 Cr.
  • Current Price ₹ 841
  • High / Low ₹ 997 / 698
  • Stock P/E 20.8
  • Book Value ₹ 640
  • Dividend Yield 0.18 %
  • ROCE 7.36 %
  • ROE 6.49 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has a low return on equity of 6.85% over last 3 years.
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 3.99% of profits over last 3 years

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Diamond, Gems and Jewellery Industry: Diamond Cutting / Jewellery

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
801 748 834 908 1,002 712 805 678 755 585 680 598 550
777 725 810 881 969 686 776 653 728 562 654 573 528
Operating Profit 24 23 24 28 33 26 29 24 27 23 26 24 22
OPM % 3% 3% 3% 3% 3% 4% 4% 4% 4% 4% 4% 4% 4%
9 -5 -5 -7 7 -1 -4 6 -0 11 7 8 7
Interest 1 2 1 2 4 6 9 5 6 10 9 9 9
Depreciation 3 3 3 3 3 3 2 3 2 2 3 3 2
Profit before tax 29 14 15 16 32 17 13 24 18 22 21 20 18
Tax % 20% 36% 30% 33% 22% 30% 30% 19% 19% 31% 21% 14% 22%
23 9 10 11 25 12 9 19 15 15 17 17 14
EPS in Rs 14.31 5.48 6.44 6.88 15.83 7.25 5.84 11.96 9.35 9.32 10.32 10.77 8.87
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
2,120 2,288 2,274 2,373 2,697 2,809 2,450 2,161 1,687 3,034 3,427 2,698 2,413
2,040 2,198 2,180 2,282 2,595 2,710 2,349 2,083 1,640 2,943 3,309 2,596 2,317
Operating Profit 80 91 95 90 101 99 102 78 48 91 118 103 96
OPM % 4% 4% 4% 4% 4% 4% 4% 4% 3% 3% 3% 4% 4%
3 1 6 1 8 6 5 -1 17 5 -9 30 33
Interest 22 24 24 21 27 31 29 21 4 7 20 38 38
Depreciation 9 9 15 14 16 16 15 14 13 12 10 10 10
Profit before tax 52 59 61 56 67 59 61 42 48 77 79 84 81
Tax % 28% 31% 30% 28% 34% 29% 34% 34% -10% 24% 27% 22%
38 41 43 40 44 42 41 28 53 58 57 66 63
EPS in Rs 23.47 25.45 26.99 25.09 27.79 25.96 25.35 17.30 33.00 36.42 35.80 40.95 39.28
Dividend Payout % 6% 6% 6% 6% 5% 6% 6% 9% 5% 4% 4% 4%
Compounded Sales Growth
10 Years: 2%
5 Years: 2%
3 Years: 17%
TTM: -18%
Compounded Profit Growth
10 Years: 5%
5 Years: 8%
3 Years: 5%
TTM: 17%
Stock Price CAGR
10 Years: -4%
5 Years: 2%
3 Years: -2%
1 Year: -4%
Return on Equity
10 Years: 7%
5 Years: 6%
3 Years: 7%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 16 16 16 16 16 16 16 16 16 16 16 16 16
Reserves 411 448 485 592 632 693 731 759 806 861 916 979 1,008
789 817 839 821 779 788 688 622 494 629 626 685 576
300 198 319 329 349 393 261 249 337 436 465 475 419
Total Liabilities 1,515 1,480 1,660 1,758 1,776 1,890 1,697 1,646 1,653 1,942 2,024 2,155 2,019
149 168 160 251 297 279 268 257 245 222 213 220 214
CWIP 17 17 27 29 0 0 0 0 0 0 1 0 0
Investments 7 5 5 6 38 68 75 70 88 86 67 83 86
1,341 1,290 1,468 1,470 1,441 1,542 1,354 1,318 1,319 1,634 1,743 1,852 1,719
Total Assets 1,515 1,480 1,660 1,758 1,776 1,890 1,697 1,646 1,653 1,942 2,024 2,155 2,019

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-92 51 22 58 129 114 119 115 164 -162 46 -11
-25 -23 -14 -15 -41 -27 -9 -1 2 19 9 -1
140 7 -10 -31 -67 -59 -118 -110 -135 126 -24 16
Net Cash Flow 24 34 -2 11 21 28 -8 4 30 -18 31 4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 105 103 110 97 86 100 94 95 133 98 78 94
Inventory Days 102 72 105 72 89 80 84 110 111 79 89 148
Days Payable 36 16 38 31 44 43 34 38 74 55 52 69
Cash Conversion Cycle 171 159 176 138 131 137 145 168 170 121 115 174
Working Capital Days 162 152 163 158 131 129 141 155 172 123 114 158
ROCE % 6% 7% 6% 6% 7% 6% 6% 4% 4% 6% 7% 7%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.66% 74.66% 74.66% 74.65% 74.65% 74.65% 74.65% 74.65% 74.65% 74.65% 74.65% 74.65%
4.36% 4.33% 4.33% 4.33% 4.33% 4.33% 4.33% 4.33% 4.26% 4.24% 4.24% 4.21%
20.98% 21.01% 21.01% 21.00% 21.00% 21.01% 21.01% 21.01% 21.08% 21.09% 21.10% 21.13%
No. of Shareholders 6656967147847867847787868929169501,104

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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