Asian Star Company Ltd
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]
- Market Cap ₹ 1,453 Cr.
- Current Price ₹ 908
- High / Low ₹ 1,046 / 698
- Stock P/E 22.8
- Book Value ₹ 621
- Dividend Yield 0.17 %
- ROCE 7.47 %
- ROE 6.81 %
- Face Value ₹ 10.0
Pros
Cons
- Company has a low return on equity of 6.96% 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | 2,618 | |
2,040 | 2,198 | 2,180 | 2,282 | 2,595 | 2,710 | 2,349 | 2,083 | 1,640 | 2,943 | 3,309 | 2,598 | 2,518 | |
Operating Profit | 80 | 91 | 95 | 90 | 101 | 99 | 102 | 78 | 48 | 91 | 118 | 101 | 101 |
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 | 25 | |
Interest | 22 | 24 | 24 | 21 | 27 | 31 | 29 | 21 | 4 | 7 | 20 | 36 | 35 |
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 | 64 | |
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 | 39.76 |
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: | 9% |
3 Years: | 6% |
TTM: | -3% |
Stock Price CAGR | |
---|---|
10 Years: | -3% |
5 Years: | 4% |
3 Years: | 2% |
1 Year: | 17% |
Return on Equity | |
---|---|
10 Years: | 7% |
5 Years: | 6% |
3 Years: | 7% |
Last Year: | 7% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
Reserves | 411 | 448 | 485 | 592 | 632 | 693 | 731 | 759 | 806 | 861 | 916 | 978 |
789 | 817 | 839 | 821 | 779 | 788 | 688 | 622 | 494 | 629 | 626 | 685 | |
300 | 198 | 319 | 329 | 349 | 393 | 261 | 249 | 337 | 436 | 465 | 476 | |
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 |
149 | 168 | 160 | 251 | 297 | 279 | 268 | 257 | 245 | 222 | 213 | 220 | |
CWIP | 17 | 17 | 27 | 29 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
Investments | 7 | 5 | 5 | 6 | 38 | 68 | 75 | 70 | 88 | 86 | 67 | 83 |
1,341 | 1,290 | 1,468 | 1,470 | 1,441 | 1,542 | 1,354 | 1,318 | 1,319 | 1,634 | 1,743 | 1,852 | |
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 |
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 | 167 |
ROCE % | 6% | 7% | 6% | 6% | 7% | 6% | 6% | 4% | 4% | 6% | 7% | 7% |
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 16 Aug
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 16 Aug
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Aug - Newspaper advertisement pertaining to financials result for the quarter ended as on June 30, 2024
-
Announcemnet Under Reg. 30 (LODR) Reg. 2015
13 Aug - Financials results for the quarter ended June 30, 2024 2. Appointment of Mr. Pattanayak Bijayanand as an Additional Director w.e.f August 13, 2024 subject to …
- Result - Financial Result For June 30, 2024 13 Aug
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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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.