Asian Star Company (ASTAR) had a P/E of 33.3× on 6 Nov 2026, above the industry P/E of 19.6×, and the shares are 22% below their 52-week high. Sales and net profit fell 14% and 21% a year over 3 years; its ROCE of 4.0% is the lowest among the 7 largest Luxury Goods peers. Debt is 0.29× equity, and its dividend yield is 0.2%. It is a small-cap company with a market cap of ₹1,059 Cr, ranked 30th of 82 Luxury Goods companies by market cap; the shares rose 12% over the past year.
- ₹667.00
- ₹667.00
- ₹636.30
- ₹652.00
- 219
Health check
- ReturnsBehind
+12.0% over a year, better than 2 of 7 peers.
- Price tagPricier
P/E 33.3 vs industry 19.6.
- GrowthShrinking
Sales −13.7%, profit −21.2% a year over 3 years.
- ProfitabilityWeak
ROCE 4.0% vs peer median 34.2%.
- Balance sheetFair
Debt 0.29× equity, interest covered 3.4×, Piotroski 6 of 9.
- Red flags4 to check
Return on equity is low at 2.2%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹1,059 Cr
- Small cap
- P/E
- 33.3
- Industry 19.6
- Price to book
- 0.63
- Peers 8.57
- Dividend yield
- 0.23%
- ROE
- 2.2%
- Peers 29.3%
- ROCE
- 4.0%
- Peers 34.2%
- Debt to equity
- 0.29
- Debt ₹492 Cr
- EPS (TTM)
- ₹19.87
- Face value ₹10
- OPM (TTM)
- 2.0%
- Net margin 1.4%
- Sales growth
- −10.9%
- Latest quarter vs a year ago
- Profit growth
- −37.7%
- Latest quarter vs a year ago
- Price to sales
- 0.40
- EV/EBITDA 21.3
Strengths and risks
Risks to check
- Return on equity is low at 2.2%.
- Quarterly profit down 37.7% on a year ago.
- Quarterly sales down 10.9% on a year ago.
- P/E of 33.3 against an industry P/E of 19.6.
About Asian Star Company
Asian Star Company Limited manufactures and sells diamond jewelry worldwide. It operates through two segments, Diamonds and Jewellery. The company provides generic, certified, mine-origin programme, and special-cut diamonds. In addition, it offers cocktail, European fashion, Indian fashion, men's, petite bridals, wedding, and ceramic indulgence jewellery. Further, it provides various cut and polished diamonds, and diamond studded jewelry. The company…
- Headquarters
- Mumbai
- Employees
- 1,500
- Sector
- Consumer Cyclical
- ISIN
- INE194D01017
- Website
- asianstargroup.com
Price range
- Avg volume (3M)
- 851
- 1-year return
- plus 12.0%
- From 52-week high
- minus 22.0%
Peers · Luxury Goods
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TITANTitan Company | 5,000.00 | plus 3.42% | 4,43,656 | 63.1 | 24.30 | 38.4% | 37.1% | 11.6% | 29.2% | 16.0% | 0.30% | plus 26.8% |
| KALYANKJILKalyan Jewellers India | 590.75 | plus 5.49% | 61,010 | 42.6 | 9.66 | 26.7% | 24.3% | 6.7% | 36.4% | 46.1% | 0.42% | plus 7.2% |
| LALITHAALalithaa Jewellery Mart | 373.50 | plus 0.50% | 20,905 | 21.9 | 6.37 | 46.1% | 41.6% | 5.7% | 23.4% | 61.8% | 0.00% | plus 50.3% |
| PCJEWELLERPC Jeweller | 15.77 | plus 1.35% | 15,467 | 17.1 | 1.65 | 10.3% | 10.8% | 24.6% | 10.7% | – | 0.00% | plus 29.0% |
| SKYGOLDSKY GOLD AND DIAMONDS | 951.95 | plus 0.31% | 14,743 | 37.3 | 10.49 | 35.9% | 33.0% | 7.5% | 76.0% | 145.4% | 0.00% | plus 164.3% |
| THANGAMAYLThangamayil Jewellery | 4,148.20 | minus 4.32% | 12,893 | 32.9 | 8.57 | 34.2% | 29.3% | 6.5% | 39.2% | 64.0% | 0.43% | plus 42.6% |
| BLUESTONEBlueStone Jewellery and Lifestyle | 710.85 | minus 2.09% | 10,867 | 102.6 | 5.92 | 7.7% | 5.8% | 17.0% | 46.8% | – | 0.00% | plus 2.0% |
| ASTARAsian Star Company | 661.55 | plus 1.46% | 1,059 | 33.3 | 0.63 | 4.0% | 2.5% | 2.0% | −13.7% | −21.2% | 0.23% | plus 12.0% |
| Median of 7 peers | – | 0.50% | 15,467 | 37.3 | 8.57 | 34.2% | 29.3% | 7.5% | 36.4% | 61.8% | 0.00% | 29.0% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 717 | 759 | 660 | 746 | 638 | |
| 695 | 735 | 648 | 740 | 625 | |
| 21.7 | 24.5 | 12.1 | 5.6 | 13.4 | |
| 3.0% | 3.2% | 1.8% | 0.7% | 2.1% | |
| 11.4 | −0.1 | 7.6 | 2.4 | 9.1 | |
| 7.3 | 6.7 | 5.4 | 6.2 | 5.2 | |
| 2.4 | 2.4 | 2.5 | 2.4 | 2.5 | |
| 23.5 | 15.3 | 11.8 | −0.6 | 14.9 | |
| 17.5% | 20.9% | 20.2% | 30.7% | 18.9% | |
| 19.3 | 11.7 | 9.8 | −0.4 | 12 | |
| 12.08 | 7.31 | 5.28 | -0.25 | 7.53 |
Profit & loss
- Sales CAGR 3Y
- −13.7%
- Profit CAGR 3Y
- −21.2%
- EPS CAGR 3Y
- −21.2%
- ROE
- 2.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 4,478 | 3,523 | 2,956 | 2,882 | |
| – | minus 21.3% | minus 16.1% | minus 2.5% | |
| 4,327 | 3,403 | 2,873 | 2,816 | |
| 151 | 120 | 82.6 | 66.3 | |
| 3.4% | 3.4% | 2.8% | 2.3% | |
| 2.6 | 9.4 | 10 | 7.3 | |
| 25.8 | 34.4 | 29.8 | 20.8 | |
| 12.4 | 11.9 | 11 | 9.6 | |
| −10.8 | 14 | 2.3 | 6.9 | |
| 105 | 97.1 | 54.1 | 50 | |
| 20.8% | 20.1% | 23.3% | 19.0% | |
| 82.6 | 77.2 | 43.2 | 40.4 | |
| – | minus 6.5% | minus 44.1% | minus 6.4% | |
| 51.63 | 48.25 | 26.98 | 25.25 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 16 | 16 | 16 | 16 | |
| 1,419 | 1,497 | 1,550 | 1,645 | |
| 628 | 741 | 528 | 493 | |
| 444 | 459 | 313 | 319 | |
| 2,507 | 2,713 | 2,408 | 2,473 | |
| 168 | 171 | 162 | 156 | |
| 0.5 | – | 0 | – | |
| 14.3 | 6 | 6.4 | 8.9 | |
| 280 | 173 | 158 | 181 | |
| 2,045 | 2,362 | 2,081 | 2,127 | |
| 2,507 | 2,713 | 2,408 | 2,473 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 94.2 | −66.9 | 230 | 89.9 | |
| 16.3 | 29.7 | 17.5 | 0.4 | |
| −97.3 | 66.5 | −248 | −74.5 | |
| 13.2 | 29.3 | −0.2 | 15.8 | |
| −5.5 | −16.2 | −6.6 | −6.6 | |
| 88.7 | −83.1 | 224 | 83.3 | |
| −2.4 | −2.4 | −2.4 | −2.4 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 4.2% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.