Is Asian Star Company a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Asian Star Company Ltd is a average quality company .

Is Asian Star Company undervalued or overvalued?

The key valuation ratios of Asian Star Company Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone .

What is Asian Star Company share price return in the past 10 years?

Asian Star Company Ltd share price has declined -3.4% annually (CAGR) over the past ten years.

Is Asian Star Company a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Asian Star Company Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Asian Star Company?

The latest standalone P/E ratio of Asian Star Company as of 21-Nov-2024 is 21.22.

What is the P/B ratio of Asian Star Company?

The latest standalone P/B ratio of Asian Star Company as of 21-Nov-2024 is 1.30.

What is the 52-week high and low of Asian Star Company?

The 52-week high of Asian Star Company is Rs. 1046.40 and the 52-week low is Rs. 697.85.

Asian Star Company Ltd - Stock Valuation and Financial Performance

Name: Asian Star Company
Brand: Asian Star Company

BSE: 531847 | NSE: | Diamond & Jewellery | Small Cap

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Asian Star Co Share Price

₹830.05 -3.65 -0.44%
as on 21-Nov'24 16:59

10 Year X-Ray of Asian Star Co:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	6.6%	5.6%	6.6%	6.2%	6.2%	4.4%	3.8%	5.9%	7.1%	7.6%	-
Value Creation Index ⓘ	-0.5	-0.6	-0.5	-0.6	-0.6	-0.7	-0.7	-0.6	-0.5	-0.5	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	2,274	2,373	2,697	2,809	2,450	2,163	1,687	3,034	3,427	2,698	2,413
Sales YoY Gr.	-	4.3%	13.7%	4.2%	-12.8%	-11.7%	-22%	79.8%	12.9%	-21.3%	-
Adj EPS ⓘ	24.5	25.8	27.5	25.9	26.8	20.1	34.8	39.8	41.4	35.5	39.3
YoY Gr.	-	5.4%	6.4%	-6%	3.4%	-25.1%	73.4%	14.4%	4.1%	-14.4%	-
BVPS (₹) ⓘ	313.2	379.8	404.9	443.1	467	484.2	513.3	548.2	582.5	621.4	639.5
Adj Net Profit ⓘ	39.2	41.4	44	41.4	42.8	32.1	55.7	63.7	66.3	56.8	63
Cash Flow from Ops. ⓘ	22.3	57.9	129	114	119	115	164	-162	46	-10.5	-
Debt/CF from Ops. ⓘ	37.6	14.2	6	6.9	5.8	5.4	3	-3.9	13.6	-65.2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	1.9%	2%	16.9%	-21.3%
Adj EPS ⓘ	4.2%	5.8%	0.7%	-14.4%
BVPSⓘ	7.9%	5.9%	6.6%	6.7%
Share Price	-3.4%	0.8%	-2.2%	-4.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	8.1	7.5	7	6.1	5.9	4.2	7	7.5	7.3	5.9	6.2
Op. Profit Mgn % ⓘ	4.2	3.8	3.8	3.5	4.1	3.6	2.8	3	3.4	3.7	4
Net Profit Mgn % ⓘ	1.7	1.7	1.6	1.5	1.8	1.5	3.3	2.1	1.9	2.1	2.6
Debt to Equity ⓘ	1.7	1.4	1.2	1.1	0.9	0.8	0.6	0.7	0.7	0.7	0.1
Working Cap Days ⓘ	198	203	174	169	185	191	238	150	155	209	136
Cash Conv. Cycle ⓘ	159	143	121	124	140	151	171	103	107	150	65

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 16.94%

Debt to equity has declined versus last 3 years average to 0.69

Return on Equity has declined versus last 3 years average to 6.20%

Net Profit has been subdued in last 3 years 0.66%

Sales growth is not so good in last 4 quarters at -18.09%

Latest Financials - Asian Star Company Ltd.

	Standalone	Consolidated
TTM EPS (₹)	39.3	45.2
TTM Sales (₹ Cr.)	2,413	3,090
BVPS (₹.) ⓘ	639.5	965.4
Reserves (₹ Cr.) ⓘ	1,008	1,529
P/BV ⓘ	1.30	0.86
PE ⓘ	21.22	18.45

From the Market
52 Week Low / High (₹)	697.85 / 1046.40
All Time Low / High (₹)	50.00 / 1614.20
Market Cap (₹ Cr.)	1,334
Equity (₹ Cr.)	16
Face Value (₹)	10
Industry PE ⓘ	83.9

Management X-Ray of Asian Star Co:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Asian Star Co

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Analyst's Notes

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Key Ratios of Asian Star Co

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	2,274	2,373	2,697	2,809	2,450	2,163	1,687	3,034	3,427	2,698
Operating Expenses ⓘ	2,180	2,284	2,595	2,710	2,350	2,091	1,641	2,946	3,321	2,599
Manufacturing Costs	216	172	194	252	270	299	204	352	364	342
Material Costs	1,897	2,046	2,313	2,345	1,981	1,687	1,362	2,488	2,835	2,154
Employee Cost	31	35	45	61	54	53	46	51	56	62
Other Costs ⓘ	35	31	43	52	45	53	30	54	67	41
Operating Profit ⓘ	95	89	101	99	101	71	46	88	106	99
Operating Profit Margin (%)	4.2%	3.7%	3.8%	3.5%	4.1%	3.3%	2.7%	2.9%	3.1%	3.7%
Other Income ⓘ	0	3	9	11	9	5	22	13	14	34
Interest ⓘ	24	21	27	31	29	21	4	7	30	39
Depreciation ⓘ	15	14	16	16	15	14	13	12	10	10
Exceptional Items ⓘ	6	-1	0	-5	-3	0	-4	-5	-1	0
Profit Before Tax ⓘ	61	56	67	59	61	42	48	77	79	84
Tax ⓘ	18	16	23	17	21	14	-5	19	21	19
Profit After Tax	43	40	44	42	41	28	53	58	57	66
PAT Margin (%)	1.9%	1.7%	1.6%	1.5%	1.7%	1.3%	3.1%	1.9%	1.7%	2.4%
Adjusted EPS (₹)	27.0	25.1	27.8	26.0	25.3	17.3	33.0	36.4	35.8	41.0
Dividend Payout Ratio (%)	6%	6%	5%	6%	6%	9%	5%	4%	4%	4%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	501	608	648	709	747	775	822	877	932	995
Share Capital ⓘ	16	16	16	16	16	16	16	16	16	16
Reserves ⓘ	485	592	632	693	731	759	806	861	916	979
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	839	821	779	788	688	622	494	629	626	685
Long Term Debt	47	23	25	23	49	49	51	50	51	51
Short Term Debt	792	798	754	765	639	573	443	579	575	634
Trade Payables	199	176	278	276	185	175	274	377	404	409
Others Liabilities ⓘ	120	153	71	117	76	74	63	60	60	66
Total Liabilities ⓘ	1,660	1,758	1,776	1,890	1,697	1,646	1,653	1,942	2,024	2,155
Fixed Assets
Gross Block	232	333	343	337	338	333	329	293	283	299
Accumulated Depreciation	73	81	96	108	120	125	134	121	120	129
Net Fixed Assetsⓘ	160	251	247	229	218	208	195	172	163	170
CWIP ⓘ	27	29	0	0	0	0	0	0	1	0
Investmentsⓘ	5	6	38	68	75	70	88	86	67	83
Inventories	546	405	562	512	457	509	413	536	694	876
Trade Receivables	683	633	638	770	634	564	614	812	729	698
Cash Equivalents	146	157	178	210	202	206	236	218	249	253
Others Assetsⓘ	94	276	112	100	111	89	106	118	120	75
Total Assets ⓘ	1,660	1,758	1,776	1,890	1,697	1,646	1,653	1,942	2,024	2,155

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	22	58	129	114	119	115	164	-162	46	-11
PBT ⓘ	61	56	67	59	61	42	48	77	79	84
Adjustment ⓘ	34	23	29	45	32	36	-12	3	34	16
Changes in Working Capital ⓘ	-54	-1	55	28	45	53	134	-217	-43	-91
Tax Paid ⓘ	-19	-20	-21	-18	-19	-17	-7	-26	-24	-20
Cash Flow From Investing Activity ⓘ	-14	-15	-41	-27	-9	-1	2	19	19	-1
Capex	-14	-19	-13	0	-7	-4	-1	6	-3	-16
Net Investments	0	1	-31	-29	-4	0	0	10	9	-2
Others ⓘ	0	3	3	3	3	3	3	3	13	17
Cash Flow From Financing Activityⓘ	-10	-31	-67	-59	-118	-110	-135	126	-34	16
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-11	2	2	-2	27	-1	2	-1	1	0
Interest Paid ⓘ	-22	-17	-22	-29	-27	-18	-2	-4	-28	-36
Dividend Paid ⓘ	-2	0	-2	-2	-2	-2	-2	-2	-2	-2
Others ⓘ	26	-16	-45	-26	-116	-88	-133	133	-5	54
Net Cash Flow ⓘ	-2	11	21	28	-8	4	30	-18	31	4

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	8.95	7.24	7.08	6.12	5.57	3.64	6.62	6.86	6.33	6.8
ROCE (%)	6.55	5.57	6.57	6.15	6.19	4.43	3.82	5.93	7.11	7.6
Asset Turnover Ratio	1.45	1.39	1.53	1.53	1.37	1.29	1.02	1.69	1.73	1.29
PAT to CFO Conversion(x)	0.51	1.45	2.93	2.71	2.9	4.11	3.09	-2.79	0.81	-0.17
Working Capital Days
Receivable Days	107	101	86	92	105	101	127	86	82	96
Inventory Days	75	73	65	70	72	82	100	57	66	106
Payable Days	27	33	36	43	42	39	60	48	50	69

Asian Star Company Ltd Stock News

Asian Star Company Ltd FAQs

What is the share price of Asian Star Co?

Company share prices are keep on changing according to the market conditions. The closing price of Asian Star Co on 21-Nov-2024 16:59 is ₹830.0.

What is the market cap of Asian Star Co?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Asian Star Co stood at ₹1,334.5.

What is the P/E ratio of Asian Star Co?

The latest P/E ratio of Asian Star Co as of 21-Nov-2024 16:59 is 21.22.

What is the P/B ratio of Asian Star Co?

The latest P/B ratio of Asian Star Co as of 21-Nov-2024 16:59 is 1.30.

What is the 52-week high and low of Asian Star Co?

The 52-week high of Asian Star Co is ₹1,046.4 and the 52-week low is ₹697.9.

What is the TTM revenue of Asian Star Co?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Asian Star Co is ₹2,413 ( Cr.) .

About Asian Star Company Ltd

Established in 1971 and headquartered in Mumbai, Asian Star Company Limited is one of the world's leading integrated diamantaires. The Company straddles the entire value chain and has a formidable presence in diamond manufacturing, jewellery manufacturing and retailing.

The Parent Company has three wholly owned foreign subsidiaries - Asian Star DMCC, Asian Star Co. Ltd (USA) and Asian Star Trading (Hong Kong) Ltd. & one jointly controlled associate Partnership Firm in India - Shah Manufacturers.

The Parent Company, its subsidiaries and jointly controlled associate are engaged in the business of diamond cutting and polishing, jewellery manufacturing and retailing. The Parent Company is also engaged in the ownership, operation and maintenance of wind turbines for generation of electricity through wind power in India

Its team of qualified and skilled artisans exhibits the finest art of manufacturing the best polished makes from rough diamonds. Its technologically advanced manufacturing set-up in Surat, India.

Wide Area Network computerization, online manufacturing processes and eco-friendly environment elevate its infrastructure to a world-class level. All processes follow stringent quality norms and its management systems confirm with ISO 9001: 2015 certified by TUV NORD.

Business area of the company

The 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.

Awards and Achievements

1992: Awarded 1st position for Highest Export - GJEPC.
1992: Trophy for Meritorious Export Growth - Government of India.
1993: 2nd Highest Exporter Award - GJEPC.
1993: National Award for Highest Export Growth - The President of India.
1994: Certificate of Merit for outstanding Export - Government of India.
1996: 5th Highest Exporter Award - GJEPC.
1988: 4th Highest Exporter Award - GJEPC.
1999: 3rd Highest Exporter Award - GJEPC.
1999: 12th position amongst Indian Exporters - FIEO.
2000: Certificate of Excellence in Export - FIEO.
2000: 5th Highest Exporter Award - GJEPC.
2001: Niryat Shree/Niryat Bandhu Award -Silver Trophy - FIEO.
2001: 1st Award for Highest Export - GJEPC.
2002: Niryat Shree/Niryat Bandhu Award - Silver Trophy - FIEO.
2002: Awarded 1st position for Highest Export - GJEPC.
2003: Awarded 1st position for Highest Export - GJEPC.
2003: 112th position in market cap - ET 500.
2004: Awarded 1st position for Highest Export - GJEPC.
2007: Won the Tahitian Pearl Trophy 2007.
2007: Bagged the Solitaire Design Awards in the Pret (Futuristic) category.
2008: Won the Solitaire Design Awards in the Daily Wear category.
2008: Won the Gold Award at the 7th International South Sea Pearl Jewellery Design Competition in the Earrings category.
2009: Shagun Jewels bagged the ‘The Retail Jeweller Awards 2009’ in the innovative Jewellery of the year category.
2010: Asian Star bags First Award in the Export House category - Government of Maharashtra.
2010: Won the Solitaire Design Awards in the Daily Wear category.
2011: Awarded 1st prize in the Solitaire Design Awards 2011 for Formal Wear category.
2012: Won the Rio Tinto Diamonds Global Design Competition under Champagne Diamonds category.
2019: Ranked 476 in the “Top 500 Corporations of India” in 2019 by Fortune India.
2020: The company’s designers Harjas Kaur, Namrata Bhardwaj and Arif Hossain won the Artisan Awards; winning pieces were manufactured by A'Star Jewellery.
2020: 'A2+' rating for short-term and 'A- ; Negative' rating for long-term bank facilities by CARE (Credit Analysis & Research Ltd.).
2021: Ranked 359 in 'India's Top 500 Companies' by Dun and Bradstreet.
2021: Awarded Certificate of Design Excellence by the Artisan Design Jewellery Awards 2021 as winner under Victorian Jewellery Category.
2022: 'A2+' rating for short-term and 'A- ; Stable' rating for long-term bank facilities by CARE (Credit Analysis & Research Ltd.)

Milestones

1991: Initiated its global distribution network.
1995: Registered as Public Limited Company.
1996: Initial public issue of Rs. 20 crores and listed on Bombay Stock Exchange.
1996: Wholly-owned subsidiary in New York - Asian Star Co. Ltd.
1998: ISO 9002 CERTIFICATE from RWTUV, GERMANY for quality system.
2000: Initiated jewellery manufacturing operations for international market.
2001: ISO 9001: 2000 CERTIFICATE from RWTUV, GERMANY.
2001: Another wholly-owned subsidiary in Los Angeles - 'InterGem'.
2004: Acquired equity stake in domestic brand 'Carbon'.
2004: Expansion of its jewellery operations.
2004: A'Star Jewellery set-up - Begun manufacturing operations for the domestic market.
2004: A'Star Jewellery branches in Hyderabad and Bangalore.
2005: A'Star Jewellery branch in Chennai.
2005: Flagship stores in Bangalore and Delhi for brand ‘Carbon.’
2006: Flagship stores in Mumbai, Hyderabad and Ghaziabad for brand ‘Carbon.’
2007: A'Star Jewellery branches in Delhi, Chandigarh and Ahmedabad.
2007: Enhanced set-up in Surat, measuring 65,000 sq. ft. for diamond processing.
2008: Launched retail venture `Shagun Jewels`; opened the first store in Hyderabad.
2008: Acquired additional premises at SEEPZ for international jewellery operations.
2008: Wholly-owned subsidiary in Dubai - Inter Gems DMCC.
2010: ISO 9001: 2008 CERTIFICATE from TUV NORD, Germany.
2010: Expansion of the production capacity of domestic jewellery division by 50%.
2010: Asian Star Jewels Pvt. Ltd., a wholly-owned jewellery subsidiary for international market, began its manufacturing operations.
2010: New jewellery manufacturing unit at Hosur, Tamil Nadu.
2011: Wholly-owned subsidiary in Hong Kong - Asian Star Trading (Hong Kong) Ltd.
2011: A'Star Jewellery opened a Couture Diamond Boutique ex-factory at Mumbai.
2012: Registered as a commercial member of the Responsible Jewellery Council (RJC).
2013: Asian Star Co. Ltd.- Certified Member of the Responsible Jewellery Council (RJC).
2013: Expansion of set-up in Surat to 100,000 sq. ft. area for diamond processing.
2015: One amongst few to receive Strategic Supply from De Beers.
2015: Long-term rough supply contracts with Alrosa, Dominion Diamond and Rio Tinto.
2016: Approved Manufacturer of CanadaMark and Australian Diamonds.
2017: Approved Manufacturer of Forevermark.
2017: ISO 9001: 2015 CERTIFICATE from TUV NORD, Germany.
2021: Approved Programme Participant of De Beers Code of Origin.