Asian Star Company Ltd

Asian Star Company Ltd

₹ 825 0.79%
26 Feb - close price
About

The Asian Star Co. is engaged in the business of diamond cutting and polishing, jewellery manufacturing and retailing. It is also engaged in the generation of electricity through wind power. [1]

Key Points

Business Offerings
The Co.’s vertically integrated operations span the entire value chain from rough sourcing to diamond cutting and polishing, jewelry manufacturing to distribution and retailing. [1] It procures rough diamonds through the Kimberley Process. [2] It also has a modest power business with windmills in Maharashtra and Kerala. [3]

  • Market Cap 1,321 Cr.
  • Current Price 825
  • High / Low 1,046 / 0.00
  • Stock P/E 22.5
  • Book Value 602
  • Dividend Yield 0.18 %
  • ROCE 6.81 %
  • ROE 6.77 %
  • Face Value 10.0

Pros

  • Debtor days have improved from 103 to 77.6 days.

Cons

  • Company has a low return on equity of 6.98% over last 3 years.
  • Company might be capitalizing the interest cost

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
516 656 651 801 748 834 908 1,002 712 805 678 755 585
506 636 633 777 725 810 881 969 686 776 653 728 562
Operating Profit 10 21 18 24 23 24 28 33 26 29 24 27 23
OPM % 2% 3% 3% 3% 3% 3% 3% 3% 4% 4% 4% 4% 4%
8 -0 6 9 -5 -5 -7 7 -1 -8 6 -0 7
Interest -0 1 1 1 2 1 2 4 6 6 5 6 6
Depreciation 3 3 3 3 3 3 3 3 3 2 3 2 2
Profit before tax 16 17 20 29 14 15 16 32 17 13 24 18 22
Tax % 16% -58% 19% 20% 36% 30% 33% 22% 30% 30% 19% 19% 31%
13 26 16 23 9 10 11 25 12 9 19 15 15
EPS in Rs 8.35 16.42 10.18 14.31 5.48 6.44 6.88 15.83 7.25 5.84 11.96 9.35 9.32
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,529 2,120 2,288 2,274 2,373 2,697 2,809 2,450 2,161 1,687 3,034 3,427 2,823
1,467 2,040 2,198 2,180 2,282 2,595 2,710 2,349 2,083 1,640 2,943 3,309 2,719
Operating Profit 62 80 91 95 90 101 99 102 78 48 91 118 104
OPM % 4% 4% 4% 4% 4% 4% 4% 4% 4% 3% 3% 3% 4%
-0 3 1 6 1 8 6 5 -1 17 5 -9 5
Interest 15 22 24 24 21 27 31 29 21 4 7 20 22
Depreciation 8 9 9 15 14 16 16 15 14 13 12 10 10
Profit before tax 38 52 59 61 56 67 59 61 42 48 77 79 77
Tax % 31% 28% 31% 30% 28% 34% 29% 34% 34% -10% 24% 27%
27 38 41 43 40 44 42 41 28 53 58 57 58
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 36.47
Dividend Payout % 6% 6% 6% 6% 6% 5% 6% 6% 9% 5% 4% 4%
Compounded Sales Growth
10 Years: 5%
5 Years: 4%
3 Years: 17%
TTM: -18%
Compounded Profit Growth
10 Years: 5%
5 Years: 7%
3 Years: 30%
TTM: 1%
Stock Price CAGR
10 Years: 3%
5 Years: 5%
3 Years: 0%
1 Year: 21%
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 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 11 16 16 16 16 16 16 16 16 16 16 16 16
Reserves 382 411 448 485 592 632 693 731 759 806 861 916 948
622 789 817 839 821 779 788 688 622 494 629 626 680
231 300 198 319 329 349 393 261 249 337 436 465 592
Total Liabilities 1,245 1,515 1,480 1,660 1,758 1,776 1,890 1,697 1,646 1,653 1,942 2,024 2,237
148 149 168 160 251 297 279 268 257 245 222 213 222
CWIP 2 17 17 27 29 0 0 0 0 0 0 1 0
Investments 4 7 5 5 6 38 68 75 70 88 86 67 71
1,090 1,341 1,290 1,468 1,470 1,441 1,542 1,354 1,318 1,319 1,634 1,743 1,944
Total Assets 1,245 1,515 1,480 1,660 1,758 1,776 1,890 1,697 1,646 1,653 1,942 2,024 2,237

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
45 -92 51 22 58 129 114 119 115 164 -162 46
-9 -25 -23 -14 -15 -41 -27 -9 -1 2 19 9
-38 140 7 -10 -31 -67 -59 -118 -110 -135 126 -24
Net Cash Flow -2 24 34 -2 11 21 28 -8 4 30 -18 31

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 111 105 103 110 97 86 100 94 95 133 98 78
Inventory Days 113 102 72 105 72 89 80 84 110 111 79 89
Days Payable 41 36 16 38 31 44 43 34 38 74 55 52
Cash Conversion Cycle 183 171 159 176 138 131 137 145 168 170 121 115
Working Capital Days 188 162 152 163 158 131 129 141 155 172 123 114
ROCE % 5% 6% 7% 6% 6% 7% 6% 6% 4% 4% 6% 7%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Dec 2023
74.66% 74.89% 74.66% 74.66% 74.66% 74.66% 74.66% 74.65% 74.65% 74.65% 74.65% 74.65%
4.45% 4.47% 4.43% 4.38% 4.36% 4.33% 4.33% 4.33% 4.33% 4.33% 4.33% 4.26%
20.89% 20.64% 20.92% 20.97% 20.98% 21.01% 21.01% 21.00% 21.01% 21.01% 21.01% 21.08%
No. of Shareholders 495484540664665696714784784778786892

* 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.

Click on the line-items to see the names of individual entities.

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