Asian Star Company Ltd
Incorporated in 1971, Asian Star Company
Ltd is in the business of diamond cutting
and polishing, jewellery manufacturing
and retailing, and wind power generation[1]
- Market Cap ₹ 1,004 Cr.
- Current Price ₹ 627
- High / Low ₹ 772 / 533
- Stock P/E 24.8
- Book Value ₹ 1,036
- Dividend Yield 0.24 %
- ROCE 3.56 %
- ROE 2.51 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.61 times its book value
Cons
- The company has delivered a poor sales growth of 2.52% over past five years.
- Company has a low return on equity of 3.44% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.21.4 Cr.
- Dividend payout has been low at 4.87% 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,221 | 3,302 | 3,494 | 3,905 | 3,642 | 3,051 | 2,544 | 4,423 | 4,478 | 3,523 | 2,956 | 2,882 | |
| 3,081 | 3,169 | 3,362 | 3,730 | 3,460 | 2,931 | 2,480 | 4,289 | 4,327 | 3,403 | 2,873 | 2,818 | |
| Operating Profit | 140 | 133 | 132 | 175 | 183 | 120 | 65 | 134 | 151 | 120 | 83 | 64 |
| OPM % | 4% | 4% | 4% | 4% | 5% | 4% | 3% | 3% | 3% | 3% | 3% | 2% |
| 7 | -1 | 7 | 3 | 1 | -4 | 14 | 2 | -1 | 29 | 18 | 21 | |
| Interest | 30 | 25 | 31 | 35 | 30 | 22 | 5 | 9 | 33 | 40 | 35 | 26 |
| Depreciation | 16 | 16 | 18 | 17 | 17 | 16 | 15 | 14 | 12 | 12 | 11 | 10 |
| Profit before tax | 101 | 91 | 90 | 127 | 137 | 78 | 59 | 113 | 105 | 97 | 54 | 50 |
| Tax % | 19% | 18% | 27% | 14% | 15% | 19% | -8% | 17% | 21% | 20% | 23% | 19% |
| 82 | 74 | 66 | 109 | 116 | 63 | 64 | 94 | 83 | 78 | 42 | 40 | |
| EPS in Rs | 51.20 | 46.43 | 41.31 | 68.18 | 71.80 | 39.61 | 39.94 | 58.62 | 51.63 | 48.25 | 26.98 | 25.25 |
| Dividend Payout % | 3% | 3% | 4% | 2% | 2% | 4% | 4% | 3% | 3% | 3% | 6% | 6% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | 3% |
| 3 Years: | -14% |
| TTM: | -2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -6% |
| 5 Years: | -9% |
| 3 Years: | -23% |
| TTM: | -9% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -2% |
| 5 Years: | -9% |
| 3 Years: | -2% |
| 1 Year: | -13% |
| Return on Equity | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 5% |
| 3 Years: | 3% |
| Last Year: | 3% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
| Reserves | 613 | 767 | 824 | 968 | 1,058 | 1,147 | 1,196 | 1,297 | 1,418 | 1,493 | 1,546 | 1,642 |
| 905 | 1,123 | 978 | 844 | 690 | 663 | 549 | 691 | 628 | 741 | 528 | 493 | |
| 474 | 467 | 418 | 489 | 295 | 208 | 287 | 428 | 446 | 462 | 318 | 322 | |
| Total Liabilities | 2,008 | 2,373 | 2,236 | 2,317 | 2,059 | 2,034 | 2,048 | 2,433 | 2,507 | 2,713 | 2,408 | 2,473 |
| 165 | 266 | 310 | 291 | 279 | 267 | 253 | 228 | 218 | 223 | 213 | 207 | |
| CWIP | 27 | 29 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Investments | 1 | 1 | 32 | 65 | 72 | 66 | 85 | 83 | 64 | 80 | 79 | 98 |
| 1,814 | 2,076 | 1,893 | 1,961 | 1,708 | 1,700 | 1,710 | 2,122 | 2,225 | 2,410 | 2,116 | 2,168 | |
| Total Assets | 2,008 | 2,373 | 2,236 | 2,317 | 2,059 | 2,034 | 2,048 | 2,433 | 2,507 | 2,713 | 2,408 | 2,473 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 152 | 118 | 63 | 278 | 128 | 105 | 116 | -176 | 94 | -66 | 230 | 90 | |
| -11 | -81 | -57 | -34 | -12 | -4 | -1 | 16 | 16 | -4 | 17 | 0 | |
| -133 | 202 | -175 | -134 | -208 | -71 | -123 | 132 | -97 | 67 | -248 | -74 | |
| Net Cash Flow | 8 | 239 | -170 | 110 | -93 | 29 | -7 | -28 | 13 | -3 | -0 | 16 |
| Free Cash Flow | 137 | 109 | 50 | 275 | 120 | 100 | 116 | -170 | 91 | -82 | 226 | 87 |
| CFO/OP | 123% | 105% | 65% | 169% | 82% | 102% | 184% | -112% | 78% | -39% | 305% | 156% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 100 | 96 | 90 | 86 | 77 | 80 | 116 | 86 | 86 | 113 | 115 | 112 |
| Inventory Days | 79 | 56 | 75 | 61 | 67 | 80 | 81 | 54 | 73 | 114 | 110 | 111 |
| Days Payable | 37 | 39 | 40 | 25 | 24 | 19 | 37 | 34 | 35 | 47 | 36 | 35 |
| Cash Conversion Cycle | 141 | 113 | 125 | 122 | 120 | 141 | 160 | 107 | 123 | 180 | 190 | 188 |
| Working Capital Days | 31 | 10 | 28 | 28 | 52 | 71 | 92 | 65 | 76 | 103 | 130 | 152 |
| ROCE % | 8% | 7% | 6% | 9% | 9% | 6% | 4% | 7% | 7% | 6% | 4% | 4% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jewellery Facility Area Sq. Ft. ・Standalone data |
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| Maximum Diamond Size Processed Carats ・Standalone data |
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| Total Group Employee Strength Number |
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| Jewellery Annual Production Capacity Pieces ・Standalone data |
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| Number of Jewellery Manufacturing Units Number ・Standalone data |
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| Wind Energy Generation Lakhs KWH ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
29 May - Filed annual secretarial compliance report for FY2026; company reported full SEBI LODR compliance.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
27 May - Newspaper advertisement pertaining to the financial result for the quarter and year ended as on March 31, 2026
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Announcement under Regulation 30 (LODR)-Dividend Updates
25 May - Board approved FY26 audited results, Rs.1.50 dividend, and revised CEO/CFO remuneration.
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Corporate Action-Board approves Dividend
25 May - Board approved FY26 audited results, recommended Rs.1.50 dividend, and revised CEO/CFO remuneration.
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Results - Financial Result For March 31, 2026
25 May - Board approved FY26 audited results, Rs1.50 dividend, and reduced CEO/CFO remuneration on May 25, 2026.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from bse
Business Overview:[1][2][3]
a) ASCL procures rough diamonds at group level and processes it into cut and polished diamonds in their manufacturing facility in Surat, Gujarat. The polished diamonds are then sold across the globe
b) Company is focused on Cutting and Polishing of Diamonds (CPDs) small size diamonds (less than 1 carat) which are used in studded jewelry.
c) Company also manufactures diamond-studded gold and platinum jewelry.
d) ASCL is partially integrated across the G&J value chain from procurement
of rough diamonds, diamond cutting & polishing to jewelry manufacturing and distribution to retailers all over the world
e) Company is also engaged in ownership, operation and maintenance of wind turbines for generation of electricity through wind power in India.