Asian Star Company Ltd

About [ edit ]

Asian Star Company is one of the world's leading diamantaires primarily engaged in the business of diamond cutting and polishing, jewellery manufacturing and retailing. The Company is also engaged in generation of electricity through wind power in India.

  • Market Cap 1,057 Cr.
  • Current Price 660
  • High / Low 890 / 556
  • Stock P/E 31.8
  • Book Value 730
  • Dividend Yield 0.23 %
  • ROCE 5.87 %
  • ROE 5.67 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.90 times its book value

Cons

  • The company has delivered a poor sales growth of -1.08% over past five years.
  • Company has a low return on equity of 9.54% for last 3 years.
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 2.69% of profits over last 3 years
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
878 887 1,097 793 865 824 798 718 713 157 496 805
850 843 1,041 761 819 785 769 692 690 158 476 793
Operating Profit 28 45 56 32 46 39 29 26 23 -1 20 12
OPM % 3% 5% 5% 4% 5% 5% 4% 4% 3% -1% 4% 1%
Other Income 17 -0 -1 -0 3 1 -0 2 -7 7 2 6
Interest 8 8 8 6 4 5 6 4 5 1 2 -0
Depreciation 3 4 5 4 4 4 4 4 4 4 4 4
Profit before tax 34 32 42 22 41 32 18 20 7 1 17 14
Tax % 31% 9% 9% 18% 26% 18% 29% 13% 12% 37% 15% 19%
Net Profit 19 29 38 19 29 25 14 17 8 0 14 11
EPS in Rs 12.11 17.86 23.88 12.06 17.99 15.51 8.52 10.86 4.72 0.17 9.00 6.89

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
1,466 1,467 1,667 1,835 2,462 3,250 3,221 3,302 3,494 3,905 3,642 3,051 2,171
1,369 1,395 1,590 1,756 2,370 3,117 3,081 3,169 3,362 3,730 3,462 2,925 2,117
Operating Profit 97 72 77 79 92 133 140 133 132 175 180 125 54
OPM % 7% 5% 5% 4% 4% 4% 4% 4% 4% 4% 5% 4% 2%
Other Income 1 1 -2 -0 3 2 7 -1 7 4 4 -9 7
Interest 30 26 17 17 24 28 30 25 31 35 30 22 8
Depreciation 8 8 8 8 9 10 16 16 18 17 17 16 15
Profit before tax 60 39 50 53 62 97 101 91 90 127 137 78 38
Tax % 23% 22% 25% 22% 24% 20% 19% 18% 27% 14% 15% 19%
Net Profit 46 30 38 41 48 78 82 74 66 109 115 63 33
EPS in Rs 29.84 48.71 51.20 46.43 41.31 68.18 71.80 39.61 20.78
Dividend Payout % 5% 7% 6% 4% 5% 3% 3% 3% 4% 2% 2% 4%
Compounded Sales Growth
10 Years:8%
5 Years:-1%
3 Years:-4%
TTM:-32%
Compounded Profit Growth
10 Years:8%
5 Years:-4%
3 Years:-1%
TTM:-61%
Stock Price CAGR
10 Years:-2%
5 Years:-1%
3 Years:-11%
1 Year:13%
Return on Equity
10 Years:10%
5 Years:9%
3 Years:10%
Last Year:6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
36 11 11 11 16 16 16 16 16 16 16 16 16
Reserves 353 339 374 415 456 534 613 767 824 968 1,058 1,147 1,152
Borrowings 561 570 663 657 822 1,002 905 1,123 978 844 690 663 325
189 181 171 353 362 259 474 467 418 489 295 208 243
Total Liabilities 1,113 1,101 1,218 1,436 1,656 1,811 2,008 2,373 2,236 2,317 2,059 2,034 1,737
154 146 156 155 155 174 165 266 310 291 279 267 210
CWIP 1 4 1 2 17 17 27 29 0 0 0 0 50
Investments 2 2 1 1 4 1 1 1 32 65 72 66 74
956 949 1,060 1,278 1,480 1,618 1,814 2,076 1,893 1,961 1,708 1,700 1,403
Total Assets 1,113 1,101 1,218 1,436 1,656 1,811 2,008 2,373 2,236 2,317 2,059 2,034 1,737

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
66 65 -51 41 -63 -71 152 118 63 278 128 105
-22 -11 -14 -7 -23 -23 -11 -81 -57 -34 -12 -4
-54 -60 79 -28 136 155 -133 202 -175 -134 -208 -71
Net Cash Flow -11 -5 13 6 50 62 8 239 -170 110 -93 29

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 10% 7% 7% 7% 7% 9% 8% 7% 6% 9% 9% 6%
Debtor Days 127 106 113 119 97 84 100 96 90 86 77 80
Inventory Turnover 4.04 4.18 4.44 4.05 4.30 5.66 5.29 5.56 5.68 5.65 5.48 4.51

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
74.66 74.66 74.66 74.66 74.66 74.66 74.66 74.66 74.66 74.66 74.66 74.89
4.45 4.45 4.45 4.45 4.45 4.45 4.45 4.45 4.45 4.45 4.45 4.47
20.89 20.89 20.89 20.89 20.89 20.89 20.89 20.89 20.89 20.89 20.89 20.64

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