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Last Updated: April 2, 2026, 4:09 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 531847 | NSE: ASTAR

Asian Star Company Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹640.51Fairly Valued by 2.65%vs CMP ₹624.00

P/E (27.5) × ROE (2.9%) × BV (₹1,005.00) × DY (0.24%)

₹505.44Overvalued by 19.00%vs CMP ₹624.00
MoS: -23.5% (Negative)Confidence: 48/100 (Moderate)Models: 3 Under, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹529.8126%Over (-15.1%)
Graham NumberEarnings₹716.4518%Under (+14.8%)
Earnings PowerEarnings₹58.0615%Over (-90.7%)
Net Asset ValueAssets₹1,005.028%Under (+61.1%)
EV/EBITDAEnterprise₹266.0910%Over (-57.4%)
Earnings YieldEarnings₹227.008%Over (-63.6%)
ROCE CapitalReturns₹558.068%Over (-10.6%)
Revenue MultipleRevenue₹923.206%Under (+47.9%)
Consensus (8 models)₹505.44100%Overvalued
Key Drivers: EPS CAGR -17.3% drags value — could be higher if earnings stabilize. | ROE 2.9% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -17.3%

*Investments are subject to market risks

Investment Snapshot

48
Asian Star Company Ltd scores 48/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health57/100 · Moderate
ROCE 4.2% WeakROE 2.9% WeakD/E 0.45 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 74.7% Stable
Earnings Quality40/100 · Moderate
OPM stable around 3% SteadyWorking capital: 130 days Capital intensive
Quarterly Momentum40/100 · Moderate
Revenue (4Q): -3% YoY FlatProfit (4Q): -48% YoY Declining
Industry Rank55/100 · Moderate
P/E 27.5 vs industry 45.5 Cheaper than peersROCE 4.2% vs industry 6.9% Average3Y sales CAGR: -13% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:09 am

Market Cap 999 Cr.
Current Price 624
Intrinsic Value₹505.44
High / Low 800/533
Stock P/E27.5
Book Value 1,005
Dividend Yield0.24 %
ROCE4.20 %
ROE2.89 %
Face Value 10.0
PEG Ratio-1.59

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Asian Star Company Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Asian Star Company Ltd 999 Cr. 624 800/53327.5 1,0050.24 %4.20 %2.89 % 10.0
Motisons Jewellers Ltd 1,217 Cr. 12.2 24.0/10.618.3 4.480.00 %14.5 %11.6 % 1.00
Mini Diamonds (India) Ltd 191 Cr. 16.2 43.6/14.536.9 5.530.00 %16.2 %12.6 % 2.00
Ashapuri Gold Ornament Ltd 123 Cr. 3.68 8.28/3.136.81 4.800.00 %13.8 %10.2 % 1.00
Goldiam International Ltd 3,279 Cr. 290 444/25120.9 90.51.03 %24.6 %17.1 % 2.00
Industry Average1,161.80 Cr80.6745.4989.580.48%6.93%5.13%6.00

All Competitor Stocks of Asian Star Company Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 808.261,078.35924.49921.51690.96986.34759.20654.00688.25854.31716.54759.40660.09
Expenses 779.031,040.74894.35889.55663.64957.92731.88627.66665.63849.69694.80734.95648.03
Operating Profit 29.2337.6130.1431.9627.3228.4227.3226.3422.624.6221.7424.4512.06
OPM % 3.62%3.49%3.26%3.47%3.95%2.88%3.60%4.03%3.29%0.54%3.03%3.22%1.83%
Other Income -1.50-3.696.50-2.6010.827.757.677.523.67-0.9211.38-0.067.64
Interest 6.309.755.116.1810.249.8210.368.857.546.927.316.655.43
Depreciation 3.192.993.092.712.933.133.172.973.051.852.352.422.49
Profit before tax 18.2421.1828.4420.4724.9723.2221.4622.0415.70-5.0723.4615.3211.78
Tax % 27.03%18.93%17.26%15.93%26.91%19.98%18.50%13.84%28.98%20.91%17.52%20.82%20.20%
Net Profit 13.3117.1723.5417.2118.2518.5817.4918.9911.15-6.1319.3412.139.41
EPS in Rs 8.3110.8614.2911.0311.2611.6611.5410.737.52-2.8012.087.316.11

Last Updated: March 3, 2026, 12:08 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 11:00 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 3,2503,2213,3023,4943,9053,6423,0512,5444,4234,4783,5232,9562,990
Expenses 3,1173,0813,1693,3623,7303,4602,9312,4804,2894,3273,4032,8732,927
Operating Profit 133140133132175183120651341511208363
OPM % 4%4%4%4%4%5%4%3%3%3%3%3%2%
Other Income 27-1731-4142-1291818
Interest 283025313530225933403526
Depreciation 1016161817171615141212119
Profit before tax 9710191901271377859113105975445
Tax % 20%19%18%27%14%15%19%-8%17%21%20%23%
Net Profit 7882746610911663649483784235
EPS in Rs 48.7151.2046.4341.3168.1871.8039.6139.9458.6251.6348.2526.9822.70
Dividend Payout % 3%3%3%4%2%2%4%4%3%3%3%6%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)5.13%-9.76%-10.81%65.15%6.42%-45.69%1.59%46.88%-11.70%-6.02%-46.15%
Change in YoY Net Profit Growth (%)0.00%-14.88%-1.05%75.96%-58.73%-52.11%47.28%45.29%-58.58%5.68%-40.13%

Asian Star Company Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-1%
5 Years:-1%
3 Years:-13%
TTM:-13%
Compounded Profit Growth
10 Years:-5%
5 Years:-8%
3 Years:-23%
TTM:-37%
Stock Price CAGR
10 Years:1%
5 Years:1%
3 Years:-1%
1 Year:-10%
Return on Equity
10 Years:7%
5 Years:5%
3 Years:5%
Last Year:3%

Last Updated: September 5, 2025, 2:26 pm

Balance Sheet

Last Updated: December 4, 2025, 2:26 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 16161616161616161616161616
Reserves 5346137678249681,0581,1471,1961,2971,4181,4931,5461,593
Borrowings 1,0029051,123978844690663549691628741528514
Other Liabilities 259474467418489295208287428446462318318
Total Liabilities 1,8112,0082,3732,2362,3172,0592,0342,0482,4332,5072,7132,4082,440
Fixed Assets 174165266310291279267253228218223213210
CWIP 1727290000001000
Investments 11132657266858364807983
Other Assets 1,6181,8142,0761,8931,9611,7081,7001,7102,1222,2252,4102,1162,147
Total Assets 1,8112,0082,3732,2362,3172,0592,0342,0482,4332,5072,7132,4082,440

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -7115211863278128105116-17694-66230
Cash from Investing Activity + -23-11-81-57-34-12-4-11616-417
Cash from Financing Activity + 155-133202-175-134-208-71-123132-9767-248
Net Cash Flow 628239-170110-9329-7-2813-3-0
Free Cash Flow -10013710950275120100116-17091-82226
CFO/OP -38%123%105%65%169%82%102%184%-112%78%-39%305%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow132.00-765.00132.00-846.00-669.00-507.00-543.00-484.00-557.00-477.00-621.00-445.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 8410096908677801168686113115
Inventory Days 58795675616780815473114110
Days Payable 193739402524193734354736
Cash Conversion Cycle 123141113125122120141160107123180190
Working Capital Days 24311028285271926576103130
ROCE %9%8%7%6%9%9%6%4%7%7%6%4%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 74.65%74.65%74.65%74.65%74.65%74.65%74.65%74.66%74.66%74.66%74.66%74.66%
DIIs 4.33%4.33%4.33%4.26%4.24%4.24%4.21%4.21%4.21%4.21%4.21%4.21%
Public 21.01%21.01%21.01%21.08%21.09%21.10%21.13%21.13%21.12%21.13%21.13%21.13%
No. of Shareholders 7847787868929169501,1041,1131,0941,1011,0851,078

Shareholding Pattern Chart

No. of Shareholders

Asian Star Company Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 26.9848.2551.6358.6239.94
Diluted EPS (Rs.) 26.9848.2551.6358.6239.94
Cash EPS (Rs.) 32.8255.8759.6167.5349.28
Book Value[Excl.RevalReserv]/Share (Rs.) 975.87942.69895.59820.53757.11
Book Value[Incl.RevalReserv]/Share (Rs.) 975.87942.69895.59820.53757.11
Revenue From Operations / Share (Rs.) 1846.562201.122797.722762.951589.57
PBDIT / Share (Rs.) 63.3691.5786.1886.0650.87
PBIT / Share (Rs.) 56.4784.1678.4277.2941.59
PBT / Share (Rs.) 33.8260.6665.4870.6837.08
Net Profit / Share (Rs.) 25.9348.4751.8558.7540.01
NP After MI And SOA / Share (Rs.) 26.9848.2551.6358.6239.94
PBDIT Margin (%) 3.434.163.083.113.19
PBIT Margin (%) 3.053.822.802.792.61
PBT Margin (%) 1.832.752.342.552.33
Net Profit Margin (%) 1.402.201.852.122.51
NP After MI And SOA Margin (%) 1.462.191.842.122.51
Return on Networth / Equity (%) 2.765.105.757.135.26
Return on Capital Employeed (%) 5.428.338.168.745.05
Return On Assets (%) 1.792.843.293.853.12
Long Term Debt / Equity (X) 0.030.030.030.030.04
Total Debt / Equity (X) 0.330.490.430.520.45
Asset Turnover Ratio (%) 1.151.351.811.520.91
Current Ratio (X) 2.932.252.332.122.38
Quick Ratio (X) 1.931.411.541.561.72
Inventory Turnover Ratio (X) 3.552.233.543.331.82
Dividend Payout Ratio (NP) (%) 5.553.102.902.553.75
Dividend Payout Ratio (CP) (%) 4.422.692.522.223.04
Earning Retention Ratio (%) 94.4596.9097.1097.4596.25
Cash Earning Retention Ratio (%) 95.5897.3197.4897.7896.96
Interest Coverage Ratio (X) 3.013.906.9326.1222.82
Interest Coverage Ratio (Post Tax) (X) 2.313.065.2119.8419.97
Enterprise Value (Cr.) 1378.891625.901412.231581.401474.58
EV / Net Operating Revenue (X) 0.460.460.310.350.57
EV / EBITDA (X) 13.6011.0910.2411.4818.11
MarketCap / Net Operating Revenue (X) 0.390.340.240.270.49
Retention Ratios (%) 94.4496.8997.0997.4496.24
Price / BV (X) 0.740.790.760.911.04
Price / Net Operating Revenue (X) 0.390.340.240.270.49
EarningsYield 0.030.060.070.070.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Asian Star Company Ltd. is a Public Limited Listed company incorporated on 02/03/1995 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L36910MH1995PLC086017 and registration number is 086017. Currently Company is involved in the business activities of Manufacture of jewellery and related articles. Company's Total Operating Revenue is Rs. 2336.38 Cr. and Equity Capital is Rs. 16.01 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Gems, Jewellery & Precious Metals114-C, Mittal Court, Mumbai Maharashtra 400021Contact not found
Management
NamePosition Held
Mr. Arvind T ShahChairman,WTD & CFO
Mr. Vipul P ShahManaging Director & CEO
Mr. Rahil V ShahWhole Time Director
Mr. Priyanshu A ShahNon Exe.Non Ind.Director
Mr. Dharmesh D ShahNon Exe.Non Ind.Director
Mr. Kartikeya G DesaiIndependent Director
Mr. Navtej H SinghIndependent Director
Mr. Jayantilal D ParmarIndependent Director
Mr. Kunal S TodarwalIndependent Director
Mr. Bijayananda PattanayakIndependent Director
Ms. Trapti MehtaIndependent Director

FAQ

What is the intrinsic value of Asian Star Company Ltd and is it undervalued?

As of 10 April 2026, Asian Star Company Ltd's intrinsic value is ₹505.44, which is 19.00% lower than the current market price of ₹624.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (2.89 %), book value (₹1,005), dividend yield (0.24 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Asian Star Company Ltd?

Asian Star Company Ltd is trading at ₹624.00 as of 10 April 2026, with a FY2026-2027 high of ₹800 and low of ₹533. The stock is currently in the middle of its 52-week range. Market cap stands at ₹999 Cr..

How does Asian Star Company Ltd's P/E ratio compare to its industry?

Asian Star Company Ltd has a P/E ratio of 27.5, which is below the industry average of 45.49. This is broadly in line with or below the industry average.

Is Asian Star Company Ltd financially healthy?

Key indicators for Asian Star Company Ltd: ROCE of 4.20 % is on the lower side compared to the industry average of 6.93%; ROE of 2.89 % is below ideal levels (industry average: 5.13%). Dividend yield is 0.24 %.

Is Asian Star Company Ltd profitable and how is the profit trend?

Asian Star Company Ltd reported a net profit of ₹42 Cr in Mar 2025 on revenue of ₹2,956 Cr. Compared to ₹94 Cr in Mar 2022, the net profit shows a declining trend.

Does Asian Star Company Ltd pay dividends?

Asian Star Company Ltd has a dividend yield of 0.24 % at the current price of ₹624.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Asian Star Company Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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