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Last Updated on: 20 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 531847 | NSE: ASTAR

Fundamental Analysis of Asian Star Company Ltd

Basic Stock Data

Last Updated: April 19, 2024, 7:50 am

Market Cap 1,249 Cr.
Current Price 780
High / Low1,046/628
Stock P/E16.5
Book Value 920
Dividend Yield0.19 %
ROCE6.56 %
ROE6.33 %
Face Value 10.0

Data Source: screener.in

Competitors of Asian Star Company Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Ashapuri Gold Ornament Ltd 456 Cr. 13.719.0/7.1561.4 2.700.00 %11.6 %8.61 % 1.00
Tribhovandas Bhimji Zaveri Ltd (TBZ) 843 Cr. 126145/66.015.7 85.11.38 %9.30 %7.39 % 10.0
Moksh Ornaments Ltd 96.3 Cr. 18.029.4/9.6014.1 10.10.00 %16.7 %12.8 % 2.00
Lypsa Gems & Jewellery Ltd 19.8 Cr. 6.708.80/3.95 21.80.00 %47.6 %53.1 % 10.0
Atlas Jewellery India Ltd 93.3 Cr. 9.2710.7/8.62 16.30.00 %0.35 %0.33 % 10.0
Industry Average301.68 Cr34.7318.2427.200.28%17.11%16.45%6.60

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales8051,0878591,1531,1511,2601,2651,3278081,078924922691
Expenses7931,0548351,1181,1161,2241,2261,2847791,041894890664
Operating Profit12332435363639422938303227
OPM %1%3%3%3%3%3%3%3%4%3%3%3%4%
Other Income6067-5-5-74-2-76-37
Interest-0111212566566
Depreciation4443433333333
Profit before tax14282537252627381821282025
Tax %19%-36%16%17%18%17%20%19%27%19%17%16%27%
Net Profit11382131212222311317241718
EPS in Rs6.8923.8812.8518.4813.5213.7713.4419.028.3110.8614.2911.0311.26

Last Updated: April 10, 2024, 6:13 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 5, 2024, 8:19 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,8352,4623,2503,2213,3023,4943,9053,6423,0512,5444,4234,4783,615
Expenses1,7572,3703,1173,0813,1693,3623,7303,4602,9312,4804,2894,3273,488
Operating Profit799213314013313217518312065134151127
OPM %4%4%4%4%4%4%4%5%4%3%3%3%4%
Other Income-0327-1731-4142-113
Interest172428302531353022592324
Depreciation891016161817171615141212
Profit before tax5362971019190127137785911310595
Tax %22%24%20%19%18%27%14%15%19%-8%17%21%
Net Profit4148788274661091166364948376
EPS in Rs29.8448.7151.2046.4341.3168.1871.8039.6139.9458.6251.6347.44
Dividend Payout %4%5%3%3%3%4%2%2%4%4%3%3%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)17.07%62.50%5.13%-9.76%-10.81%65.15%6.42%-45.69%1.59%46.88%-11.70%
Change in YoY Net Profit Growth (%)0.00%45.43%-57.37%-14.88%-1.05%75.96%-58.73%-52.11%47.28%45.29%-58.58%

Growth

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:4%
1 Year:14%
Return on Equity
10 Years:9%
5 Years:7%
3 Years:7%
Last Year:6%

Last Updated: April 16, 2024, 1:04 pm

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital11161616161616161616161616
Reserves4154565346137678249681,0581,1471,1961,2971,4181,457
Borrowings6578221,0029051,123978844690663549691628682
Other Liabilities353362259474467418489295208287428446523
Total Liabilities1,4361,6561,8112,0082,3732,2362,3172,0592,0342,0482,4332,5072,678
Fixed Assets155155174165266310291279267253228218225
CWIP21717272900000010
Investments141113265726685836468
Other Assets1,2781,4801,6181,8142,0761,8931,9611,7081,7001,7102,1222,2252,385
Total Assets1,4361,6561,8112,0082,3732,2362,3172,0592,0342,0482,4332,5072,678

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 41-63-7115211863278128105116-17694
Cash from Investing Activity -7-23-23-11-81-57-34-12-4-1166
Cash from Financing Activity -28136155-133202-175-134-208-71-123132-87
Net Cash Flow650628239-170110-9329-7-2813

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-578.00-730.00132.00-765.00132.00-846.00-669.00-507.00-543.00-484.00-557.00-477.00

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days119978410096908677801168686
Inventory Days1029458795675616780815473
Days Payable613519373940252419373435
Cash Conversion Cycle160156123141113125122120141160107123
Working Capital Days167147130128132127105116144163118123
ROCE %7%7%9%8%7%6%9%9%6%4%7%7%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters74.66%74.89%74.66%74.66%74.66%74.66%74.66%74.65%74.65%74.65%74.65%74.65%
DIIs4.45%4.47%4.43%4.38%4.36%4.33%4.33%4.33%4.33%4.33%4.33%4.26%
Public20.89%20.64%20.92%20.97%20.98%21.01%21.01%21.00%21.01%21.01%21.01%21.08%
No. of Shareholders495484540664665696714784784778786892

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)51.6358.6239.9439.6171.80
Diluted EPS (Rs.)51.6358.6239.9439.6171.80
Cash EPS (Rs.)59.6167.5349.2849.4483.11
Book Value[Excl.RevalReserv]/Share (Rs.)895.59820.53757.11726.60670.66
Book Value[Incl.RevalReserv]/Share (Rs.)895.59820.53757.11726.60670.66
Revenue From Operations / Share (Rs.)2797.722762.951589.571907.272275.40
PBDIT / Share (Rs.)86.1886.0650.8770.83114.93
PBIT / Share (Rs.)78.4277.2941.5960.85104.18
PBT / Share (Rs.)65.4870.6837.0848.4985.52
Net Profit / Share (Rs.)51.8558.7540.0139.4672.36
NP After MI And SOA / Share (Rs.)51.6358.6239.9439.6171.80
PBDIT Margin (%)3.083.113.193.715.05
PBIT Margin (%)2.802.792.613.194.57
PBT Margin (%)2.342.552.332.543.75
Net Profit Margin (%)1.852.122.512.063.18
NP After MI And SOA Margin (%)1.842.122.512.073.15
Return on Networth / Equity (%)5.757.135.265.4510.70
Return on Capital Employeed (%)8.168.745.057.6214.03
Return On Assets (%)3.293.853.123.115.58
Long Term Debt / Equity (X)0.030.030.040.040.04
Total Debt / Equity (X)0.430.520.450.570.64
Asset Turnover Ratio (%)1.811.520.911.171.22
Current Ratio (X)2.332.122.382.261.98
Quick Ratio (X)1.541.561.721.521.33
Inventory Turnover Ratio (X)3.543.331.822.883.50
Dividend Payout Ratio (NP) (%)2.902.553.753.782.08
Dividend Payout Ratio (CP) (%)2.522.223.043.021.81
Earning Retention Ratio (%)97.1097.4596.2596.2297.92
Cash Earning Retention Ratio (%)97.4897.7896.9696.9898.19
Interest Coverage Ratio (X)6.9326.1222.825.776.97
Interest Coverage Ratio (Post Tax) (X)5.2119.8419.974.225.52
Enterprise Value (Cr.)1412.231581.401474.581462.721512.96
EV / Net Operating Revenue (X)0.310.350.570.470.41
EV / EBITDA (X)10.2411.4818.1112.908.22
MarketCap / Net Operating Revenue (X)0.240.270.490.370.31
Retention Ratios (%)97.0997.4496.2496.2197.91
Price / BV (X)0.760.911.040.981.06
Price / Net Operating Revenue (X)0.240.270.490.370.31
EarningsYield0.070.070.050.050.10

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 962.72

The stock is undervalued by 23.43% compared to the current price ₹780

Calculation basis:

  • Fair value = (P/E Ratio * (Return on Equity / 100) * Book Value) * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (934.62 cr) compared to borrowings (787.23 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (2.85 cr) and profit (92.92 cr) over the years.
  1. The stock has a low average ROCE of 7.17%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 133.33, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 132.58, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Asian Star Company Ltd:
    1. Net Profit Margin: 1.85%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 8.16% (Industry Average ROCE: 17.11%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 5.75% (Industry Average ROE: 16.45%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 5.21
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.54
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. ✓ Stock P/E: 16.5 (Industry average Stock P/E: 18.24)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. ✓ Total Debt / Equity: 0.43
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating: ★★★★︎☆

About the Company

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. 3034.25 Cr. and Equity Capital is Rs. 16.01 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Gems, Jewellery & Precious Metails114-C, Mittal Court, 'C' Wing, Mumbai Maharashtra 400021secretarial@asianstargroup.com
http://www.asianstargroup.com
Management
NamePosition Held
Mr. Arvind T ShahChairman,WTD & CFO
Mr. Vipul P ShahManaging Director & CEO
Mr. Rahil V ShahExecutive Director
Mrs. Neha R GadaDirector
Mr. Priyanshu A ShahDirector
Mr. Dharmesh D ShahDirector
Mr. K Mohanram PaiDirector
Mr. Apurva R ShahDirector
Mr. Jayantilal D ParmarDirector
Mr. Milind H GandhiDirector
Mr. Miyar R NayakDirector

Asian Star Company Ltd. Share Price Update

Share PriceValue
Today₹780.00
Previous Day₹780.00

FAQ

What is the latest fair value of Asian Star Company Ltd?

The latest fair value of Asian Star Company Ltd is 962.72.

What is the Market Cap of Asian Star Company Ltd?

The Market Cap of Asian Star Company Ltd is 1,249 Cr..

What is the current Stock Price of Asian Star Company Ltd as on 20 April 2024?

The current stock price of Asian Star Company Ltd as on 20 April 2024 is 780.

What is the High / Low of Asian Star Company Ltd stocks in FY 2024?

In FY 2024, the High / Low of Asian Star Company Ltd stocks is ₹1,046/628.

What is the Stock P/E of Asian Star Company Ltd?

The Stock P/E of Asian Star Company Ltd is 16.5.

What is the Book Value of Asian Star Company Ltd?

The Book Value of Asian Star Company Ltd is 920.

What is the Dividend Yield of Asian Star Company Ltd?

The Dividend Yield of Asian Star Company Ltd is 0.19 %.

What is the ROCE of Asian Star Company Ltd?

The ROCE of Asian Star Company Ltd is 6.56 %.

What is the ROE of Asian Star Company Ltd?

The ROE of Asian Star Company Ltd is 6.33 %.

What is the Face Value of Asian Star Company Ltd?

The Face Value of Asian Star Company Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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