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Asian Star Company Ltd. Stock Analysis

Small Cap
Evaluated by 148 users | BSE: 531847 | NSE: |
Diamond & Jewellery
Asian Star Company incorporated on November 1971, is engaged in the business of diamond processing, jewellery manufacturing and retailing. Company is one of the world's leading diamantaires and a Diamond Trading Company (DTC) Sightholder that is recognition for consistent and quality rough...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 5.13%4.05%3.71%4.58%5%4.3%4.06%4.4%4.26%4.19%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1,3421,4561,5292,1202,2882,2742,3732,6972,8092,450
Y-o-Y Gr. Rt.-8.5%5%38.7%7.9%-0.6%4.3%13.7%4.2%-12.8%
Adjusted EPS (Rs.) 17.716.2616.6822.3525.0524.5125.8427.525.3225.55
Y-o-Y Gr. Rt.--8.1%2.6%34%12.1%-2.2%5.4%6.4%-7.9%0.9%
Book Value per Share (Rs.) 215.56229.85245.33266.46290.16313.18379.83404.93443.09466.97
Adjusted Net Profit 28.32626.735.840.139.241.44440.540.9
Net Op. Cash Flow (Rs. Cr.) -4.8-41.144.7-91.650.822.357.9129114119
Debt to Cash Flow from Ops -117.22-15.5213.91-8.6116.0937.614.176.046.925.79
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Asian Star Company Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 6.9%1.4%1.1%-12.8%
Adjusted EPS 4.2%0.4%-0.4%0.9%
Book Value per Share 9107.15.4
Share Price 0.6% -1.5% -7.2% -11.3%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 8.217.37.028.7398.127.467.015.975.61
Operating Profit Margin (%) 4.64.284.033.773.964.173.793.763.544.12
Net Profit Margin (%) 2.111.791.751.691.751.721.741.631.441.67
Debt to Equity 1.631.741.581.851.761.671.351.21.110.92
Working Capital Days 210213223192189198203174169185
Cash Conversion Cycle 168167174144148159143121124140
Entity Percentage Holding
Promoters 74.66%
Institutions 4.45%
Non-Institutions 20.89%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Asian Star Co's performance infers:

Asian Star Co earnings have grown by 0.4%, whereas share price has depreciated -1.5% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Asian Star Co share prices over the last 10 years. Here is what we found out:

Asian Star Co share price has depreciated -1.5% annually over the past ten years.

Asian Star Company incorporated on November 1971, is engaged in the business of diamond processing, jewellery manufacturing and retailing. Company is one of the world's leading diamantaires and a Diamond Trading Company (DTC) Sightholder that is recognition for consistent and quality rough supply.

Company started its journey by entering in the business of in cutting and polishing diamonds. Later in 2001 company forayed into manufacturing of gold and platinum diamond studded jewellery that

Asian Star Company incorporated on November 1971, is engaged in the business of diamond processing, jewellery manufacturing and retailing. Company is one of the world's leading diamantaires and a Diamond Trading Company (DTC) Sightholder that is recognition for consistent and quality rough supply.

Company started its journey by entering in the business of in cutting and polishing diamonds. Later in 2001 company forayed into manufacturing of gold and platinum diamond studded jewellery that includes rings, earrings, pendants, bracelets, bangles, necklaces etc. In 2008 company entered into retailing segment.

Today, it possesses unmatched expertise in cutting and polishing a wide range of diamonds across colours, purities and cuts and is preferred supplier to some of the largest and reputed jewellery brands in India and across the world.

The company became public limited in the year 1995. Company got listed on the Bombay Stock Exchange in 1996. The company has employee strength of more than 1700 professionals.

Company’s manufacturing facilities for diamond processing and jewellery manufacturing are located at Surat and Mumbai. These facilities are well equipped with advanced technology that offers best infrastructure includes Wide Area Network computerisation, on-line manufacturing processes and eco friendly environment.

Company operates two subsidiaries namely Asian Star Company Limited, New York and Inter Gems DMCC, Dubai. Company also has controlling stakes in Jewel Art which exclusively caters international market in countries like USA, Canada, Spain, Italy, Germany, France, South America, Australia and Gulf.

The company has a strong presence through its 24 marketing arms spread across the continents of Asia, Europe, and America.

Products

  • Polished Diamonds-Company polished of 1 ct and smaller used in fine makes.
  • Jewellery-Company designs and manufactures gold and platinum diamond studded jewellery in all categories like rings, earrings, pendants, bracelets, bangles, necklaces etc that caters domestic and international market.
  • Power- Company possesses windmills located in Maharashtra, Kerala and Tamil Nadu.
  • Retailing-Company retails it products under the brand name ‘Shagun Jewels’ and has opened store in Hyderabad.

Awards and Recognition

  • Jewel Art, the Company’s jewellery arm, bagged the CNBC-TV18’s ‘Emerging India Awards London 2008’ for SMEs (Small & Medium Enterprises) in the Gems and Jewellery sector.
  • Company has been bestowed with the prestigious Four Star Trading House Status.
  • Company has been No.1 Exporter in DTC Category for 4 consecutive years since 2001.
  • Company has received ‘A’ rating by CARE, the highest benchmark for the Indian Gems and Jewellery industry.

Future Plans

Asian Star Company plans to expand its presence of ‘Shagun Jewels’ retail store in Tier I and Tier II cities, in the south and west markets of India in coming years.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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