Asian Star Company Ltd.

•

asianstargroup.comBSE: 531847NSE: ASTAR

Market Cap₹ 933 Cr.

Current Price

High / Low₹ 723 / 526

Stock P/E33.9

Book Value₹ 670

Price to Book1.13

Dividend Yield0.26 %

ROCE5.2 %

ROE3.8 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2016 • Diamond: 87.7% • Jewellery: 12.1% • Others: 0.3%

AI Sector View

AI GENERATED

Consumer Durables

Buy

Urban discretionary demand is mixed but investable. Credit card transactions rose 27.0% YoY (2026-06), urban CMIE sentiment was 109.5 (2026-07), and consumer spending remained large at INR 44743 billion (Jun/26), even though formal consumer confidence fell to 88.3 points (Jul/26) and debit card transactions were -9.0% YoY (2026-06). Heavy sector inflows of INR 13175 crore over 3 months to 2026-08-31 indicate strong investor positioning behind the theme.

Confidence

76%

View full sector analysis →

PROS

Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.23x)
Company generates healthy free cash flow
Company has a consistent dividend-paying track record

CONS

A large part of profit comes from other income (46.4% of PBT)
Company has a low return on capital employed of 6.6%
Company has a low return on equity of 5.7% over last 3 years
Company has delivered a poor sales growth of 1.6% over past five years
Company has delivered a poor profit growth of 7.0% over past five years
Recurring exceptional / one-off items are inflating headline profit

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Consumer DurablesDiamond & JewelleryDiamond & Jewellery

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	TITAN	5005.00	77.14	444336.97	0.30	1777.00	62.88	21356.00	44.16	21.90	13.54
2.	KALYANKJIL	600.65	43.23	62032.19	0.42	348.67	32.03	10588.93	45.68	24.86	5.97
3.	LALITHAA	338.50	18.76	18946.18	0.00	2082.17	—	60312.32	—	43.11	6.18
4.	THANGAMAYL	5135.45	40.82	15962.02	0.35	85.09	86.15	2666.38	71.44	26.62	5.43
5.	BLUESTONE	890.30	241.52	13601.89	0.00	59.61	271.56	7368.46	1395.59	9.24	14.50
6.	PCJEWELLER	13.70	17.25	13360.42	0.00	2218.80	1270.22	8770.40	1109.86	9.68	27.54
7.	SKYGOLD	827.45	38.25	12815.04	0.00	104.90	140.67	2012.79	77.93	27.61	7.79
8.	AUGMONT	886.85	24.27	8103.46	0.00	—	—	—	—	70.86	—
9.	SENCO	346.45	9.95	5678.35	0.51	101.14	-3.35	3056.03	67.34	22.86	6.97
10.	GOLDIAM	324.65	23.18	4887.84	0.64	73.97	120.06	326.03	41.92	24.85	20.33
11.	VAIBHAVGBL	212.80	12.53	3570.14	2.82	56.38	49.83	917.07	12.70	18.41	10.55
12.	ASTAR	583.00	28.16	933.20	0.26	12.06	-37.66	638.31	-10.92	4.12	2.10

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	678	755	585	680	598	550	545	644	554	598	492	563	546
	653	728	562	654	573	528	525	638	536	578	482	557	541
Operating Profit	24	27	23	26	24	22	20	6	18	20	10	5	5
OPM %	3.61%	3.58%	4.00%	3.80%	4.08%	4.08%	3.75%	0.87%	3.27%	3.29%	1.98%	0.96%	0.94%
	9	3	11	7	8	7	4	1	11	2	8	2	9
Interest	7	9	10	9	9	9	7	7	7	7	5	6	5
Depreciation	3	2	2	3	3	2	3	2	2	2	2	2	2
Profit before Tax	24	18	22	21	20	18	14	-2	20	13	10	-1	14
Tax %	19.27%	18.65%	30.67%	20.81%	13.55%	22.11%	33.71%	-8.56%	19.60%	23.47%	22.82%	7.87%	19.85%
Net Profit	19	15	15	17	17	14	9	-2	16	10	8	-1	11
	11.96	9.34	9.32	10.32	10.77	8.87	5.84	-1.27	10.02	6.17	4.75	-0.73	6.99

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	2,373	2,697	2,809	2,450	2,163	1,687	3,034	3,427	2,698	2,336	2,198
	2,284	2,595	2,710	2,350	2,091	1,641	2,946	3,321	2,599	2,263	2,158
Operating Profit	89	101	99	101	71	46	88	106	99	73	40
OPM %	3.75%	3.76%	3.54%	4.11%	3.30%	2.72%	2.91%	3.09%	3.67%	3.12%	1.82%
	2	8	6	6	5	19	7	14	34	21	20
Interest	21	27	31	29	21	4	7	30	39	34	23
Depreciation	14	16	16	15	14	13	12	10	10	9	10
Profit before Tax	56	67	59	61	42	48	77	79	84	50	35
Tax %	28.06%	33.63%	29.29%	33.89%	34.14%	-9.94%	24.39%	27.15%	22.42%	23.08%	22.42%
Net Profit	40	44	42	41	28	53	58	57	66	39	27
EPS	25.09	27.79	25.96	25.34	17.30	33.00	36.42	35.81	40.95	24.21	—
Dividend Payout %	5.98%	5.40%	5.78%	5.92%	8.67%	4.55%	4.12%	4.19%	3.66%	6.20%	—

COMPOUNDED SALES GROWTH

10 Years:: 0%
5 Years:: 2%
3 Years:: -8%

COMPOUNDED PROFIT GROWTH

10 Years:: -1%
5 Years:: 7%
3 Years:: -13%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: 6%
5 Years:: 6%
3 Years:: 6%
Last Year:: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	16	16	16	16	16	16	16	16	16	16
	592	632	693	731	759	806	861	916	979	1,015
	824	786	795	694	629	499	635	634	694	530
Trade Payables	176	278	276	185	175	274	377	404	409	298
	150	64	109	71	66	58	53	53	57	52
Total Liabilities	1,758	1,776	1,890	1,697	1,646	1,653	1,942	2,024	2,155	1,910
	251	247	229	218	208	195	172	163	170	162
Capital Work in Progress	29	0	0	0	0	0	0	1	0	0
	6	38	68	75	70	88	86	67	83	82
	405	562	512	457	509	413	536	694	876	713
	0	0	0	0	0	0	0	0	698	631
Cash & Bank	157	178	210	202	206	236	218	249	253	245
	909	751	870	745	654	720	930	849	75	78
Total Assets	1,758	1,776	1,890	1,697	1,646	1,653	1,942	2,024	2,155	1,910

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	78	150	132	138	131	171	-136	70	-11	164
Cash from Investing	-15	-41	-27	-9	-1	2	19	19	-1	19
Cash from Financing	-31	-67	-59	-118	-110	-135	126	-34	16	-191
	11	21	28	-8	4	30	-18	31	4	-9

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.66	74.66	74.66	74.66	74.66	74.66	74.66	74.66	74.66
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	4.24	4.21	4.21	4.21	4.21	4.21	4.21	4.21	4.21
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	21.10	21.13	21.13	21.13	21.13	21.13	21.13	21.13	21.13

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for ASTAR

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AI Stock Analyst

Asian Star Company Ltd.

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Free 5nance Account

Name

TITAN

5005.00

77.14

444336.97

0.30

1777.00

62.88

21356.00

44.16

21.90

13.54

KALYANKJIL

600.65

43.23

62032.19

0.42

348.67

32.03

10588.93

45.68

24.86

5.97

LALITHAA

338.50

18.76

18946.18

0.00

2082.17

—

60312.32

—

43.11

6.18

THANGAMAYL

5135.45

40.82

15962.02

0.35

85.09

86.15

2666.38

71.44

26.62

5.43

BLUESTONE

890.30

241.52

13601.89

0.00

59.61

271.56

7368.46

1395.59

9.24

14.50

PCJEWELLER

13.70

17.25

13360.42

0.00

2218.80

1270.22

8770.40

1109.86

9.68

27.54

SKYGOLD

827.45

38.25

12815.04

0.00

104.90

140.67

2012.79

77.93

27.61

7.79

AUGMONT

886.85

24.27

8103.46

0.00

—

70.86

—

SENCO

346.45

9.95

5678.35

0.51

101.14

-3.35

3056.03

67.34

22.86

6.97

GOLDIAM

324.65

23.18

4887.84

0.64

73.97

120.06

326.03

41.92

24.85

20.33

VAIBHAVGBL

212.80

12.53

3570.14

2.82

56.38

49.83

917.07

12.70

18.41

10.55

ASTAR

583.00

28.16

933.20

0.26

12.06

-37.66

638.31

-10.92

4.12

2.10

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

678

755

585

680

598

550

545

644

554

598

492

563

546

653

728

562

654

573

528

525

638

536

578

482

557

541

Operating Profit

OPM %

3.61%

3.58%

4.00%

3.80%

4.08%

3.75%

0.87%

3.27%

3.29%

1.98%

0.96%

0.94%

Interest

Depreciation

Profit before Tax

-2

-1

Tax %

19.27%

18.65%

30.67%

20.81%

13.55%

22.11%

33.71%

-8.56%

19.60%

23.47%

22.82%

7.87%

19.85%

Net Profit

-2

-1

11.96

9.34

9.32

10.32

10.77

8.87

5.84

-1.27

10.02

6.17

4.75

-0.73

6.99

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

2,373

2,697

2,809

2,450

2,163

1,687

3,034

3,427

2,698

2,336

2,198

2,284

2,595

2,710

2,350

2,091

1,641

2,946

3,321

2,599

2,263

2,158

Operating Profit

101

106

OPM %

3.75%

3.76%

3.54%

4.11%

3.30%

2.72%

2.91%

3.09%

3.67%

3.12%

1.82%

Interest

Depreciation

Profit before Tax

Tax %

28.06%

33.63%

29.29%

33.89%

34.14%

-9.94%

24.39%

27.15%

22.42%

23.08%

22.42%

Net Profit

EPS

25.09

27.79

25.96

25.34

17.30

33.00

36.42

35.81

40.95

24.21

—

Dividend Payout %

5.98%

5.40%

5.78%

5.92%

8.67%

4.55%

4.12%

4.19%

3.66%

6.20%

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

592

632

693

731

759

806

861

916

979

1,015

824

786

795

694

629

499

635

634

694

530

Trade Payables

176

278

276

185

175

274

377

404

409

298

150

109

Total Liabilities

1,758

1,776

1,890

1,697

1,646

1,653

1,942

2,024

2,155

1,910

251

247

229

218

208

195

172

163

170

162

Capital Work in Progress

405

562

512

457

509

413

536

694

876

713

698

631

Cash & Bank

157

178

210

202

206

236

218

249

253

245

909

751

870

745

654

720

930

849

Total Assets

1,758

1,776

1,890

1,697

1,646

1,653

1,942

2,024

2,155

1,910

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

150

132

138

131

171

-136

-11

164

Cash from Investing

-15

-41

-27

-9

-1

Cash from Financing

-31

-67

-59

-118

-110

-135

126

-34

-191

-8

-18

-9

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

74.66

FIIs

0.00

4.24

4.21

Government

0.00

21.10

21.13

Asian Star Company Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Asian Star Company Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI