Asian Star Company Ltd

ASTAR

Watchlist

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Market Cap

₹ 1,119 Cr

P/E

28.99

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Investment Checklist

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Performance

UNDER PERFORMER

Valuation

REASONABLE

Growth

SLUGGISH

Profitability

LOW MARGIN

Technicals

Bearish

Risk

LOW RISK

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Price

PE Ratio

Price

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Overview

Detailed Summary

Asian Star Company is a leading global diamantaire, focusing on diamond cutting, polishing, jewelry manufacturing, and retailing.

The company has diversified into renewable energy with wind power generation in India.

Over decades, Asian Star has established a significant presence with facilities across Mumbai and Surat.

The company's strategic expansion includes international ventures, notably in Hong Kong, enhancing its global footprint.

A member of the prestigious Diamond Trading Company (DTC), Asian Star is acknowledged for its performance in the diamond industry.

Sector

Diamond, Gems and Jewellery

Industry

Diamond Cutting / Jewellery - Medium / Small

Market Cap

1,119 Cr

Volatility

Low Risk

P/E Ratio

29.0

Industry P/E

22.8

PEG Ratio

—

P/B Ratio

0.7

52W High

870.00

52W Low

610.00

Sales CAGR

-16.11%

-8.34%

1.56%

10Y

-0.17%

Profit CAGR

-46.51%

-12.73%

6.95%

10Y

-0.40%

ROE

TTM

2.40%

4.51%

5.13%

10Y

6.64%

ROCE

TTM

3.65%

7.20%

7.00%

10Y

9.09%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
RGL	131.45	1,410 Cr	16.73	0.98	0.00	5.83	6.74	2.99
LGHL	265.95	1,332 Cr	111.74	20.49	0.00	16.24	13.47	6.42
ASTAR	699.00	1,119 Cr	28.99	0.70	0.21	2.40	3.65	1.50
TBZ	164.65	1,095 Cr	11.72	1.57	1.37	13.42	12.59	4.58
GARGI	1016.25	1,063 Cr	36.87	8.43	0.00	22.86	28.24	17.44
MVGJL	182.00	889 Cr	8.53	1.15	0.00	13.53	14.89	6.49
RADHIKAJWE	74.30	875 Cr	12.43	2.44	0.00	19.62	25.14	15.96

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

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Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	924	922	691	986	759	654	688	854	717	759
Expenses	894	890	664	958	732	628	666	850	695	735
Operating Profit	30	32	27	28	27	26	23	4.61	22	24
OPM %	3.26	3.47	3.96	2.88	3.60	4.03	3.29	0.54	3.03	3.22
Other Income	6.50	-2.60	11	7.75	7.67	7.52	3.67	-0.92	11	-0.06
Interest	5.11	6.18	10	9.82	10	8.85	7.54	6.92	7.31	6.65
Depreciation	3.09	2.71	2.93	3.13	3.17	2.97	3.05	1.85	2.35	2.42
Profit Before Tax	28	20	25	23	21	22	16	-5.07	23	15
Tax %	17.26	15.93	26.91	19.98	18.50	13.84	28.98	-20.91	17.52	20.87
Net Profit	24	17	18	19	17	19	11	-6.13	19	12
EPS in Rs	14.29	11.03	11.26	11.66	11.54	10.73	7.51	-2.80	12.08	7.31

Consolidated Profit Loss (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	3,494	3,905	3,642	3,053	2,544	4,423	4,478	3,523	2,956	2,913
Expenses	3,365	3,734	3,463	2,936	2,481	4,293	4,330	3,405	2,875	2,838
Operating Profit	129	171	179	117	64	130	148	118	81	75
OPM %	3.68	4.39	4.93	3.84	2.50	2.94	3.31	3.34	2.74	2.59
Other Income	6.73	3.20	1.08	-3.90	14	2.49	-11	29	18	22
Interest	28	31	26	20	3.57	5.27	20	38	34	31
Depreciation	18	17	17	16	15	14	12	12	11	10
Profit Before Tax	90	127	137	78	59	113	105	97	54	56
Tax %	26.62	13.79	15.39	18.61	-7.89	16.88	20.82	20.11	23.34	22.77
Net Profit	66	109	116	63	64	94	83	78	41	43
EPS in Rs	41.31	68.19	71.80	39.61	39.87	58.62	51.63	48.24	26.98	24.10
Dividend Payout %	3.63	2.20	2.09	3.79	3.76	2.56	2.91	3.11	5.56	—

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	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
Reserves	767	824	968	1,058	1,147	1,196	1,297	1,418	1,493	1,546
Borrowings	1,123	978	844	690	663	549	691	628	741	528
Other Liabilities	467	418	489	295	208	287	428	446	462	318
Total Liabilities	2,373	2,236	2,317	2,059	2,034	2,048	2,433	2,507	2,713	2,408
Fixed Assets	266	260	241	229	217	203	178	168	173	163
CWIP	29	0.00	0.00	0.00	0.00	0.00	0.00	0.54	0.00	0.05
Investments	0.89	82	115	122	116	135	133	114	130	129
Other Assets	2,076	1,893	1,961	1,708	1,700	1,710	2,122	2,225	2,410	2,116
Total Assets	2,373	2,236	2,317	2,059	2,034	2,048	2,433	2,507	2,713	2,408

Consolidated Cash Flows (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	118	63	278	128	105	116	-176	94	-66	230
Cash from Investing Activity	-81	-57	-34	-12	-4.34	-0.74	16	5.76	-4.00	17
Cash from Financing Activity	202	-175	-134	-208	-71	-123	132	-87	67	-248
Net Cash Flow	239	-170	110	-93	29	-7.22	-28	13	-3.10	-0.22

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	74.66%	74.66%	74.66%	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%	0.00%	0.00%	0.00%
DIIs	4.33%	4.33%	4.33%	4.33%	4.26%	4.24%	4.24%	4.21%	4.21%	4.21%	4.21%	4.21%
Public	21.01%	21.01%	21.01%	21.01%	21.08%	21.10%	21.10%	21.13%	21.13%	21.13%	21.13%	21.13%
Total Shareholders	786	784	778	786	892	916	950	1,104	1,113	1,094	1,101	1,085

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Dec 13, 2024	Dharmesh dinesh shah	Insider - Promoter & Director	Acquisition	10.00	0.60 Cr	6,00,000	3.74
Dec 13, 2024	Arvind t. shah	Insider - Promoter & Director	Disposal	10.00	0.60 Cr	6,00,000	3.74
Sep 24, 2024	Arvind t. shah	Insider - Promoter & Director	Acquisition	—	—	6,00,000	3.74

Projection

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Announcements

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Presentations

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Reports

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Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	924	922	691	986	759	654	688	854	717	759
Expenses	894	890	664	958	732	628	666	850	695	735
Operating Profit	30	32	27	28	27	26	23	4.61	22	24
OPM %	3.26	3.47	3.96	2.88	3.60	4.03	3.29	0.54	3.03	3.22
Other Income	6.50	-2.60	11	7.75	7.67	7.52	3.67	-0.92	11	-0.06
Interest	5.11	6.18	10	9.82	10	8.85	7.54	6.92	7.31	6.65
Depreciation	3.09	2.71	2.93	3.13	3.17	2.97	3.05	1.85	2.35	2.42
Profit Before Tax	28	20	25	23	21	22	16	-5.07	23	15
Tax %	17.26	15.93	26.91	19.98	18.50	13.84	28.98	-20.91	17.52	20.87
Net Profit	24	17	18	19	17	19	11	-6.13	19	12
EPS in Rs	14.29	11.03	11.26	11.66	11.54	10.73	7.51	-2.80	12.08	7.31

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	3,494	3,905	3,642	3,053	2,544	4,423	4,478	3,523	2,956	2,913
Expenses	3,365	3,734	3,463	2,936	2,481	4,293	4,330	3,405	2,875	2,838
Operating Profit	129	171	179	117	64	130	148	118	81	75
OPM %	3.68	4.39	4.93	3.84	2.50	2.94	3.31	3.34	2.74	2.59
Other Income	6.73	3.20	1.08	-3.90	14	2.49	-11	29	18	22
Interest	28	31	26	20	3.57	5.27	20	38	34	31
Depreciation	18	17	17	16	15	14	12	12	11	10
Profit Before Tax	90	127	137	78	59	113	105	97	54	56
Tax %	26.62	13.79	15.39	18.61	-7.89	16.88	20.82	20.11	23.34	22.77
Net Profit	66	109	116	63	64	94	83	78	41	43
EPS in Rs	41.31	68.19	71.80	39.61	39.87	58.62	51.63	48.24	26.98	24.10
Dividend Payout %	3.63	2.20	2.09	3.79	3.76	2.56	2.91	3.11	5.56	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	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
Reserves	767	824	968	1,058	1,147	1,196	1,297	1,418	1,493	1,546
Borrowings	1,123	978	844	690	663	549	691	628	741	528
Other Liabilities	467	418	489	295	208	287	428	446	462	318
Total Liabilities	2,373	2,236	2,317	2,059	2,034	2,048	2,433	2,507	2,713	2,408
Fixed Assets	266	260	241	229	217	203	178	168	173	163
CWIP	29	0.00	0.00	0.00	0.00	0.00	0.00	0.54	0.00	0.05
Investments	0.89	82	115	122	116	135	133	114	130	129
Other Assets	2,076	1,893	1,961	1,708	1,700	1,710	2,122	2,225	2,410	2,116
Total Assets	2,373	2,236	2,317	2,059	2,034	2,048	2,433	2,507	2,713	2,408

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	118	63	278	128	105	116	-176	94	-66	230
Cash from Investing Activity	-81	-57	-34	-12	-4.34	-0.74	16	5.76	-4.00	17
Cash from Financing Activity	202	-175	-134	-208	-71	-123	132	-87	67	-248
Net Cash Flow	239	-170	110	-93	29	-7.22	-28	13	-3.10	-0.22

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
RGL	131.45	1,410 Cr	16.73	0.98	0.00	5.83	6.74	2.99
LGHL	265.95	1,332 Cr	111.74	20.49	0.00	16.24	13.47	6.42
ASTAR	699.00	1,119 Cr	28.99	0.70	0.21	2.40	3.65	1.50
TBZ	164.65	1,095 Cr	11.72	1.57	1.37	13.42	12.59	4.58
GARGI	1016.25	1,063 Cr	36.87	8.43	0.00	22.86	28.24	17.44
MVGJL	182.00	889 Cr	8.53	1.15	0.00	13.53	14.89	6.49
RADHIKAJWE	74.30	875 Cr	12.43	2.44	0.00	19.62	25.14	15.96

Oscillators

BearishNeutralBullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Overview

Detailed Summary

Asian Star Company is a leading global diamantaire, focusing on diamond cutting, polishing, jewelry manufacturing, and retailing.

The company has diversified into renewable energy with wind power generation in India.

Over decades, Asian Star has established a significant presence with facilities across Mumbai and Surat.

The company's strategic expansion includes international ventures, notably in Hong Kong, enhancing its global footprint.

A member of the prestigious Diamond Trading Company (DTC), Asian Star is acknowledged for its performance in the diamond industry.

Sector

Diamond, Gems and Jewellery

Industry

Diamond Cutting / Jewellery - Medium / Small

Market Cap

1,119 Cr

Volatility

Low Risk

P/E Ratio

29.0

Industry P/E

22.8

PEG Ratio

—

P/B Ratio

0.7

52W High

870.00

52W Low

610.00

Sales CAGR

-16.11%

-8.34%

1.56%

10Y

-0.17%

Profit CAGR

-46.51%

-12.73%

6.95%

10Y

-0.40%

ROE

TTM

2.40%

4.51%

5.13%

10Y

6.64%

ROCE

TTM

3.65%

7.20%

7.00%

10Y

9.09%