Asian Star Company Ltd

₹ 748 1.07%
07 Dec - 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 FY21
Diamond (79%): The co. provides a comprehensive range of diamonds in various shapes, sizes, colours and purity. It procures rough diamonds through Kimberley Process.
Jewellery (21%): It offers a range of diamond-studded jewellery in yellow, pink and white gold, specialising in Bridals and Fashion, with other styles like Solitaires, 3 stones as well as a range of men’s styles. [1] [2]

  • Market Cap 1,198 Cr.
  • Current Price 748
  • High / Low 999 / 674
  • Stock P/E 12.2
  • Book Value 873
  • Dividend Yield 0.20 %
  • ROCE 6.80 %
  • ROE 7.78 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.86 times its book value

Cons

  • The company has delivered a poor sales growth of 4.83% over past five years.
  • Company has a low return on equity of 6.49% over last 3 years.
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 3.37% 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

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
798 718 713 157 496 805 1,087 859 1,153 1,151 1,260 1,265 1,327
769 692 690 158 476 793 1,054 835 1,118 1,116 1,224 1,226 1,284
Operating Profit 29 26 23 -1 20 12 33 24 35 36 36 39 42
OPM % 4% 4% 3% -1% 4% 1% 3% 3% 3% 3% 3% 3% 3%
-0 2 -7 7 2 6 0 6 7 -5 -5 -7 4
Interest 6 4 5 1 2 -0 1 1 1 2 1 2 5
Depreciation 4 4 4 4 4 4 4 4 3 4 3 3 3
Profit before tax 18 20 7 1 17 14 28 25 37 25 26 27 38
Tax % 29% 13% 12% 37% 15% 19% -36% 16% 17% 18% 17% 20% 19%
Net Profit 13 18 6 0 14 11 38 21 31 21 22 22 31
EPS in Rs 8.52 10.86 4.72 0.17 9.00 6.89 23.88 12.85 18.48 13.52 13.77 13.44 19.02
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
1,667 1,835 2,462 3,250 3,221 3,302 3,494 3,905 3,642 3,051 2,544 4,423 5,003
1,590 1,757 2,370 3,117 3,081 3,169 3,362 3,730 3,460 2,931 2,480 4,289 4,850
Operating Profit 77 79 92 133 140 133 132 175 183 120 65 134 153
OPM % 5% 4% 4% 4% 4% 4% 4% 4% 5% 4% 3% 3% 3%
-2 -0 3 2 7 -1 7 3 1 -4 14 2 -13
Interest 17 17 24 28 30 25 31 35 30 22 5 9 10
Depreciation 8 8 9 10 16 16 18 17 17 16 15 14 13
Profit before tax 50 53 62 97 101 91 90 127 137 78 59 113 117
Tax % 25% 22% 24% 20% 19% 18% 27% 14% 15% 19% -8% 17%
Net Profit 38 41 48 78 82 74 66 109 116 63 64 94 95
EPS in Rs 29.84 48.71 51.20 46.43 41.31 68.18 71.80 39.61 39.94 58.62 59.75
Dividend Payout % 6% 4% 5% 3% 3% 3% 4% 2% 2% 4% 4% 3%
Compounded Sales Growth
10 Years: 9%
5 Years: 5%
3 Years: 7%
TTM: 28%
Compounded Profit Growth
10 Years: 9%
5 Years: 8%
3 Years: -5%
TTM: -4%
Stock Price CAGR
10 Years: 1%
5 Years: -9%
3 Years: 0%
1 Year: -13%
Return on Equity
10 Years: 9%
5 Years: 8%
3 Years: 6%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
11 11 16 16 16 16 16 16 16 16 16 16 16
Reserves 374 415 456 534 613 767 824 968 1,058 1,147 1,196 1,297 1,382
663 657 822 1,002 905 1,123 978 844 690 663 549 691 716
171 353 362 259 474 467 418 489 295 208 287 428 536
Total Liabilities 1,218 1,436 1,656 1,811 2,008 2,373 2,236 2,317 2,059 2,034 2,048 2,433 2,649
156 155 155 174 165 266 310 291 279 267 253 228 224
CWIP 1 2 17 17 27 29 0 0 0 0 0 0 0
Investments 1 1 4 1 1 1 32 65 72 66 85 83 77
1,060 1,278 1,480 1,618 1,814 2,076 1,893 1,961 1,708 1,700 1,710 2,122 2,348
Total Assets 1,218 1,436 1,656 1,811 2,008 2,373 2,236 2,317 2,059 2,034 2,048 2,433 2,649

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-51 41 -63 -71 152 118 63 278 128 105 116 -176
-14 -7 -23 -23 -11 -81 -57 -34 -12 -4 -1 16
79 -28 136 155 -133 202 -175 -134 -208 -71 -123 132
Net Cash Flow 13 6 50 62 8 239 -170 110 -93 29 -7 -28

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 113 119 97 84 100 96 90 86 77 80 116 86
Inventory Days 86 102 94 58 79 56 75 61 67 80 81 54
Days Payable 26 61 35 19 37 39 40 25 24 19 37 34
Cash Conversion Cycle 173 160 156 123 141 113 125 122 120 141 160 107
Working Capital Days 176 167 147 130 128 132 127 105 116 144 163 118
ROCE % 7% 7% 7% 9% 8% 7% 6% 9% 9% 6% 4% 7%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
74.66 74.66 74.66 74.66 74.66 74.89 74.66 74.66 74.66 74.66 74.66 74.65
4.45 4.45 4.45 4.45 4.45 4.47 4.43 4.38 4.36 4.33 4.33 4.33
20.89 20.89 20.89 20.89 20.89 20.64 20.92 20.97 20.98 21.01 21.01 21.00

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

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

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