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

₹ 830 4.28%
03 Dec - close price
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 ₹ 1,328 Cr.
  • Current Price ₹ 830
  • High / Low ₹ 997 / 698
  • Stock P/E 18.2
  • Book Value ₹ 965
  • Dividend Yield 0.18 %
  • ROCE 6.17 %
  • ROE 5.04 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Stock is trading at 0.86 times its book value

Cons

  • The company has delivered a poor sales growth of -0.66% over past five years.
  • Company has a low return on equity of 6.32% over last 3 years.
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 2.86% 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

Consolidated Figures in Rs. Crores / View Standalone

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
1,153 1,151 1,260 1,265 1,327 808 1,078 924 922 691 986 759 654
1,118 1,116 1,224 1,226 1,284 779 1,041 894 890 664 958 732 628
Operating Profit 35 36 36 39 42 29 38 30 32 27 28 27 26
OPM % 3% 3% 3% 3% 3% 4% 3% 3% 3% 4% 3% 4% 4%
7 -5 -5 -7 4 -2 -4 6 -3 11 8 8 8
Interest 1 2 1 2 5 6 10 5 6 10 10 10 9
Depreciation 3 4 3 3 3 3 3 3 3 3 3 3 3
Profit before tax 37 25 26 27 38 18 21 28 20 25 23 21 22
Tax % 17% 18% 17% 20% 19% 27% 19% 17% 16% 27% 20% 18% 14%
31 21 22 22 31 13 17 24 17 18 19 17 19
EPS in Rs 18.48 13.52 13.77 13.44 19.02 8.31 10.86 14.29 11.03 11.26 11.66 11.54 10.73
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
2,462 3,250 3,221 3,302 3,494 3,905 3,642 3,051 2,544 4,423 4,478 3,523 3,090
2,370 3,117 3,081 3,169 3,362 3,730 3,460 2,931 2,480 4,289 4,327 3,403 2,981
Operating Profit 92 133 140 133 132 175 183 120 65 134 151 120 109
OPM % 4% 4% 4% 4% 4% 4% 5% 4% 3% 3% 3% 3% 4%
3 2 7 -1 7 3 1 -4 14 2 -11 29 34
Interest 24 28 30 25 31 35 30 22 5 9 23 40 39
Depreciation 9 10 16 16 18 17 17 16 15 14 12 12 12
Profit before tax 62 97 101 91 90 127 137 78 59 113 105 97 92
Tax % 24% 20% 19% 18% 27% 14% 15% 19% -8% 17% 21% 20%
48 78 82 74 66 109 116 63 64 94 83 78 73
EPS in Rs 29.84 48.71 51.20 46.43 41.31 68.18 71.80 39.61 39.94 58.62 51.63 48.25 45.19
Dividend Payout % 5% 3% 3% 3% 4% 2% 2% 4% 4% 3% 3% 3%
Compounded Sales Growth
10 Years: 1%
5 Years: -1%
3 Years: 11%
TTM: -17%
Compounded Profit Growth
10 Years: 0%
5 Years: -8%
3 Years: 4%
TTM: 3%
Stock Price CAGR
10 Years: -4%
5 Years: 2%
3 Years: -2%
1 Year: -5%
Return on Equity
10 Years: 8%
5 Years: 6%
3 Years: 6%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 456 534 613 767 824 968 1,058 1,147 1,196 1,297 1,418 1,493 1,529
822 1,002 905 1,123 978 844 690 663 549 691 628 741 578
362 259 474 467 418 489 295 208 287 428 446 462 346
Total Liabilities 1,656 1,811 2,008 2,373 2,236 2,317 2,059 2,034 2,048 2,433 2,507 2,713 2,469
155 174 165 266 310 291 279 267 253 228 218 223 216
CWIP 17 17 27 29 0 0 0 0 0 0 1 0 0
Investments 4 1 1 1 32 65 72 66 85 83 64 80 83
1,480 1,618 1,814 2,076 1,893 1,961 1,708 1,700 1,710 2,122 2,225 2,410 2,170
Total Assets 1,656 1,811 2,008 2,373 2,236 2,317 2,059 2,034 2,048 2,433 2,507 2,713 2,469

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-63 -71 152 118 63 278 128 105 116 -176 94 -66
-23 -23 -11 -81 -57 -34 -12 -4 -1 16 6 -4
136 155 -133 202 -175 -134 -208 -71 -123 132 -87 67
Net Cash Flow 50 62 8 239 -170 110 -93 29 -7 -28 13 -3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 97 84 100 96 90 86 77 80 116 86 86 113
Inventory Days 94 58 79 56 75 61 67 80 81 54 73 114
Days Payable 35 19 37 39 40 25 24 19 37 34 35 47
Cash Conversion Cycle 156 123 141 113 125 122 120 141 160 107 123 180
Working Capital Days 147 130 128 132 127 105 116 144 163 118 123 174
ROCE % 7% 9% 8% 7% 6% 9% 9% 6% 4% 7% 7% 6%

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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