Asian Star Company Ltd

₹ 650 -0.10%

27 May 11:40 a.m.

asianstargroup.com BSE: 531847 NSE: ASTAR

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 NSE

Market Cap ₹ 1,040 Cr.
Current Price ₹ 650
High / Low ₹ 793 / 533
Stock P/E 32.2
Book Value ₹ 663
Dividend Yield 0.23 %
ROCE 4.27 %
ROE 3.09 %
Face Value ₹ 10.0

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Pros

Stock is trading at 0.99 times its book value

Cons

The company has delivered a poor sales growth of 5.50% over past five years.
Company has a low return on equity of 4.46% over last 3 years.
Company might be capitalizing the interest cost
Earnings include an other income of Rs.23.0 Cr.
Dividend payout has been low at 5.76% 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

Consumer Discretionary Consumer Durables Consumer Durables Gems, Jewellery And Watches

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	805.23	677.63	755.27	585.10	680.34	597.50	549.95	545.38	643.56	553.65	597.53	491.79	562.77
	776.22	653.20	728.21	561.71	654.49	573.13	527.54	524.91	637.95	535.52	577.87	482.05	557.33
Operating Profit	29.01	24.43	27.06	23.39	25.85	24.37	22.41	20.47	5.61	18.13	19.66	9.74	5.44
OPM %	3.60%	3.61%	3.58%	4.00%	3.80%	4.08%	4.07%	3.75%	0.87%	3.27%	3.29%	1.98%	0.97%
	-3.74	6.50	-0.48	10.66	7.18	7.63	7.30	3.51	0.76	11.33	2.27	7.65	1.71
Interest	9.35	4.63	5.98	10.07	9.49	9.38	8.99	7.33	6.60	7.19	6.63	5.07	6.06
Depreciation	2.48	2.59	2.21	2.46	2.68	2.69	2.49	2.56	1.64	2.32	2.39	2.46	2.36
Profit before tax	13.44	23.71	18.39	21.52	20.86	19.93	18.23	14.09	-1.87	19.95	12.91	9.86	-1.27
Tax %	30.43%	19.32%	18.71%	30.67%	20.81%	13.50%	22.11%	33.64%	8.56%	19.55%	23.47%	22.82%	-7.87%
	9.35	19.15	14.96	14.92	16.52	17.24	14.20	9.34	-2.03	16.04	9.87	7.61	-1.18
EPS in Rs	5.84	11.96	9.35	9.32	10.32	10.77	8.87	5.84	-1.27	10.02	6.17	4.75	-0.74
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	2,274	2,373	2,697	2,809	2,450	2,161	1,687	3,034	3,427	2,698	2,336	2,206
	2,180	2,282	2,595	2,710	2,349	2,083	1,640	2,943	3,309	2,596	2,262	2,153
Operating Profit	95	90	101	99	102	78	48	91	118	103	74	53
OPM %	4%	4%	4%	4%	4%	4%	3%	3%	3%	4%	3%	2%
	6	1	8	6	5	-1	17	5	2	30	19	23
Interest	24	21	27	31	29	21	4	7	30	38	34	25
Depreciation	15	14	16	16	15	14	13	12	10	10	9	10
Profit before tax	61	56	67	59	61	42	48	77	79	84	50	41
Tax %	30%	28%	34%	29%	34%	34%	-10%	24%	27%	22%	23%	22%
	43	40	44	42	41	28	53	58	57	66	39	32
EPS in Rs	26.99	25.09	27.79	25.96	25.35	17.30	33.00	36.42	35.80	40.95	24.21	20.21
Dividend Payout %	6%	6%	5%	6%	6%	9%	5%	4%	4%	4%	6%	7%

Compounded Sales Growth
10 Years:	-1%
5 Years:	6%
3 Years:	-14%
TTM:	-6%

Compounded Profit Growth
10 Years:	-2%
5 Years:	-10%
3 Years:	-19%
TTM:	-19%

Stock Price CAGR
10 Years:	-1%
5 Years:	-8%
3 Years:	-2%
1 Year:	-15%

Return on Equity
10 Years:	6%
5 Years:	5%
3 Years:	4%
Last Year:	3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	16	16	16	16	16	16	16	16	16	16	16	16
Reserves	485	592	632	693	731	759	806	861	916	979	1,015	1,046
	839	821	779	788	688	622	494	629	626	685	527	492
	319	329	349	393	261	249	337	436	465	475	352	294
Total Liabilities	1,660	1,758	1,776	1,890	1,697	1,646	1,653	1,942	2,024	2,155	1,910	1,848
	160	251	297	279	268	257	245	222	213	220	212	207
CWIP	27	29	0	0	0	0	0	0	1	0	0	0
Investments	5	6	38	68	75	70	88	86	67	83	82	101
	1,468	1,470	1,441	1,542	1,354	1,318	1,319	1,634	1,743	1,852	1,616	1,541
Total Assets	1,660	1,758	1,776	1,890	1,697	1,646	1,653	1,942	2,024	2,155	1,910	1,848

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	22	58	129	114	119	115	164	-162	46	-11	164	109
	-14	-15	-41	-27	-9	-1	2	19	19	-1	19	2
	-10	-31	-67	-59	-118	-110	-135	126	-34	16	-191	-75
Net Cash Flow	-2	11	21	28	-8	4	30	-18	31	4	-9	37
Free Cash Flow	8	39	116	113	112	111	163	-156	43	-27	160	106
CFO/OP	44%	86%	148%	133%	136%	169%	357%	-150%	59%	9%	248%	225%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	110	97	86	100	94	95	133	98	78	94	99	83
Inventory Days	105	72	89	80	84	110	111	79	89	148	138	148
Days Payable	38	31	44	43	34	38	74	55	52	69	58	47
Cash Conversion Cycle	176	138	131	137	145	168	170	121	115	174	179	185
Working Capital Days	36	35	29	30	46	58	76	54	53	73	92	107
ROCE %	6%	6%	7%	6%	6%	4%	4%	6%	7%	7%	5%	4%

Insights

In beta

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Jewellery Facility Area
Sq. Ft.

xx,xxx	xx,xxx	xxx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx
x	x	x	x	x	x	x	x	x	x	x
x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	xxx	x,xxx	x,xxx	x,xxx	x,xxx
	x,xxx,xxx	x,xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx
x	x	x	x		x	x	x	x	x	x
									xx.xx	xx.xx

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Maximum Diamond Size Processed
Carats

Total Group Employee Strength
Number

Jewellery Annual Production Capacity
Pieces

Number of Jewellery Manufacturing Units
Number

Wind Energy Generation
Lakhs KWH

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	74.65%	74.65%	74.65%	74.65%	74.65%	74.65%	74.66%	74.66%	74.66%	74.66%	74.66%	74.66%
	4.33%	4.33%	4.26%	4.24%	4.24%	4.21%	4.21%	4.21%	4.21%	4.21%	4.21%	4.21%
	21.01%	21.01%	21.08%	21.09%	21.10%	21.13%	21.13%	21.12%	21.13%	21.13%	21.13%	21.13%
No. of Shareholders	778	786	892	916	950	1,104	1,113	1,094	1,101	1,085	1,078	1,083

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	74.66%	74.66%	74.66%	74.66%	74.89%	74.66%	74.65%	74.65%	74.66%	74.66%
	4.46%	4.46%	4.45%	4.45%	4.47%	4.33%	4.33%	4.24%	4.21%	4.21%
	20.88%	20.89%	20.89%	20.89%	20.64%	21.01%	21.01%	21.09%	21.12%	21.13%
No. of Shareholders	463	476	501	486	484	696	784	916	1,094	1,083

* 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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Asian Star Company Ltd

Asian Star Company Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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