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

₹ 780 0.00%
19 Apr - close price
asianstargroup.com BSE: 531847
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]

Website BSE
  • Market Cap ₹ 1,249 Cr.
  • Current Price ₹ 780
  • High / Low ₹ 1,046 / 628
  • Stock P/E 16.5
  • Book Value ₹ 920
  • Dividend Yield 0.19 %
  • ROCE 6.56 %
  • ROE 6.33 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.85 times its book value

Cons

  • The company has delivered a poor sales growth of 2.78% over past five years.
  • Company has a low return on equity of 6.57% over last 3 years.
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 3.07% 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

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
805 1,087 859 1,153 1,151 1,260 1,265 1,327 808 1,078 924 922 691
793 1,054 835 1,118 1,116 1,224 1,226 1,284 779 1,041 894 890 664
Operating Profit 12 33 24 35 36 36 39 42 29 38 30 32 27
OPM % 1% 3% 3% 3% 3% 3% 3% 3% 4% 3% 3% 3% 4%
6 0 6 7 -5 -5 -7 4 -2 -7 6 -3 7
Interest -0 1 1 1 2 1 2 5 6 6 5 6 6
Depreciation 4 4 4 3 4 3 3 3 3 3 3 3 3
Profit before tax 14 28 25 37 25 26 27 38 18 21 28 20 25
Tax % 19% -36% 16% 17% 18% 17% 20% 19% 27% 19% 17% 16% 27%
11 38 21 31 21 22 22 31 13 17 24 17 18
EPS in Rs 6.89 23.88 12.85 18.48 13.52 13.77 13.44 19.02 8.31 10.86 14.29 11.03 11.26
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
1,835 2,462 3,250 3,221 3,302 3,494 3,905 3,642 3,051 2,544 4,423 4,478 3,615
1,757 2,370 3,117 3,081 3,169 3,362 3,730 3,460 2,931 2,480 4,289 4,327 3,488
Operating Profit 79 92 133 140 133 132 175 183 120 65 134 151 127
OPM % 4% 4% 4% 4% 4% 4% 4% 5% 4% 3% 3% 3% 4%
-0 3 2 7 -1 7 3 1 -4 14 2 -11 3
Interest 17 24 28 30 25 31 35 30 22 5 9 23 24
Depreciation 8 9 10 16 16 18 17 17 16 15 14 12 12
Profit before tax 53 62 97 101 91 90 127 137 78 59 113 105 95
Tax % 22% 24% 20% 19% 18% 27% 14% 15% 19% -8% 17% 21%
41 48 78 82 74 66 109 116 63 64 94 83 76
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 47.44
Dividend Payout % 4% 5% 3% 3% 3% 4% 2% 2% 4% 4% 3% 3%
Compounded Sales Growth
10 Years: 6%
5 Years: 3%
3 Years: 14%
TTM: -22%
Compounded Profit Growth
10 Years: 7%
5 Years: -5%
3 Years: 9%
TTM: -13%
Stock Price CAGR
10 Years: 2%
5 Years: 2%
3 Years: 6%
1 Year: 12%
Return on Equity
10 Years: 9%
5 Years: 7%
3 Years: 7%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 415 456 534 613 767 824 968 1,058 1,147 1,196 1,297 1,418 1,457
657 822 1,002 905 1,123 978 844 690 663 549 691 628 682
353 362 259 474 467 418 489 295 208 287 428 446 523
Total Liabilities 1,436 1,656 1,811 2,008 2,373 2,236 2,317 2,059 2,034 2,048 2,433 2,507 2,678
155 155 174 165 266 310 291 279 267 253 228 218 225
CWIP 2 17 17 27 29 0 0 0 0 0 0 1 0
Investments 1 4 1 1 1 32 65 72 66 85 83 64 68
1,278 1,480 1,618 1,814 2,076 1,893 1,961 1,708 1,700 1,710 2,122 2,225 2,385
Total Assets 1,436 1,656 1,811 2,008 2,373 2,236 2,317 2,059 2,034 2,048 2,433 2,507 2,678

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
41 -63 -71 152 118 63 278 128 105 116 -176 94
-7 -23 -23 -11 -81 -57 -34 -12 -4 -1 16 6
-28 136 155 -133 202 -175 -134 -208 -71 -123 132 -87
Net Cash Flow 6 50 62 8 239 -170 110 -93 29 -7 -28 13

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 119 97 84 100 96 90 86 77 80 116 86 86
Inventory Days 102 94 58 79 56 75 61 67 80 81 54 73
Days Payable 61 35 19 37 39 40 25 24 19 37 34 35
Cash Conversion Cycle 160 156 123 141 113 125 122 120 141 160 107 123
Working Capital Days 167 147 130 128 132 127 105 116 144 163 118 123
ROCE % 7% 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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