Asian Star Company Ltd

Asian Star Company Ltd

₹ 773 -3.98%
24 Jun - 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 1,237 Cr.
  • Current Price 773
  • High / Low 1,046 / 670
  • Stock P/E 16.0
  • Book Value 943
  • Dividend Yield 0.19 %
  • ROCE 6.25 %
  • ROE 5.25 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.82 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 6.39% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
1,087 859 1,153 1,151 1,260 1,265 1,327 808 1,078 924 922 691 986
1,054 835 1,118 1,116 1,224 1,226 1,284 779 1,041 894 890 664 958
Operating Profit 33 24 35 36 36 39 42 29 38 30 32 27 28
OPM % 3% 3% 3% 3% 3% 3% 3% 4% 3% 3% 3% 4% 3%
0 6 7 -5 -5 -7 4 -2 -4 6 -3 11 8
Interest 1 1 1 2 1 2 5 6 10 5 6 10 10
Depreciation 4 4 3 4 3 3 3 3 3 3 3 3 3
Profit before tax 28 25 37 25 26 27 38 18 21 28 20 25 23
Tax % -36% 16% 17% 18% 17% 20% 19% 27% 19% 17% 16% 27% 20%
38 21 31 21 22 22 31 13 17 24 17 18 19
EPS in Rs 23.88 12.85 18.48 13.52 13.77 13.44 19.02 8.31 10.86 14.29 11.03 11.26 11.66
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
2,462 3,250 3,221 3,302 3,494 3,905 3,642 3,051 2,544 4,423 4,478 3,523
2,370 3,117 3,081 3,169 3,362 3,730 3,460 2,931 2,480 4,289 4,327 3,405
Operating Profit 92 133 140 133 132 175 183 120 65 134 151 118
OPM % 4% 4% 4% 4% 4% 4% 5% 4% 3% 3% 3% 3%
3 2 7 -1 7 3 1 -4 14 2 -11 29
Interest 24 28 30 25 31 35 30 22 5 9 23 38
Depreciation 9 10 16 16 18 17 17 16 15 14 12 12
Profit before tax 62 97 101 91 90 127 137 78 59 113 105 97
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
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
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: -21%
Compounded Profit Growth
10 Years: 0%
5 Years: -8%
3 Years: 5%
TTM: -11%
Stock Price CAGR
10 Years: -1%
5 Years: 1%
3 Years: -7%
1 Year: 12%
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
Equity Capital 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
822 1,002 905 1,123 978 844 690 663 549 691 628 741
362 259 474 467 418 489 295 208 287 428 446 462
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
155 174 165 266 310 291 279 267 253 228 218 223
CWIP 17 17 27 29 0 0 0 0 0 0 1 0
Investments 4 1 1 1 32 65 72 66 85 83 64 80
1,480 1,618 1,814 2,076 1,893 1,961 1,708 1,700 1,710 2,122 2,225 2,410
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

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 147 130 128 132 127 105 116 144 163 118 123 181
ROCE % 7% 9% 8% 7% 6% 9% 9% 6% 4% 7% 7%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.66% 74.66% 74.66% 74.66% 74.66% 74.65% 74.65% 74.65% 74.65% 74.65% 74.65% 74.65%
4.43% 4.38% 4.36% 4.33% 4.33% 4.33% 4.33% 4.33% 4.33% 4.33% 4.26% 4.24%
20.92% 20.97% 20.98% 21.01% 21.01% 21.00% 21.00% 21.01% 21.01% 21.01% 21.08% 21.09%
No. of Shareholders 540664665696714784786784778786892916

* 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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