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ASIAN STAR CO.LTD.-$ (ASTAR) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹10.0B

AS ASIAN STAR CO.LTD.-$ ASTAR · BSE
Price₹590.00
Fair Value₹429.02
Upside-27.3%
Quality59/100
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Mixed Growth
Thin margins · 1.4% net margin
Low debt · generates free cash flow
0.24% dividend yield
Trails peers (4/14)
Narrow moat 28/100
Evidence: High Range ₹321.77 – ₹536.28 Share as image

Fair value as of: Aug 16, 2026

From 22 valuation models · updated 3 days ago

A solid business, but screening 27% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹536.28). The favourable scenario is already priced in.
  • Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

₹1,035 ₹571.20 Fair Value ₹429.02 Jul 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 16, 2026.

How to read this chart

60‑month range ₹571.20 – ₹1,035 · fair‑value band ₹321.77 – ₹536.28 · the ₹590.00 price screens above the ₹429.02 fair value. Dashed = 300-day average. As of Aug 16, 2026.

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Analysis

ASIAN STAR CO.LTD.-$ (ASTAR) currently trades at ₹590.00, while our model-based Fair Value estimate is ₹429.02, implying the stock looks roughly 27.3% overvalued today. The Quality Score stands at 59/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, ASIAN STAR CO.LTD.-$ generated revenue of ₹28.8B at a net margin of 1.4%. Revenue declined 12.7% year over year. It earns a return on equity of 2.5%. Net debt stands at ₹3.8B. Fundamentals as of Aug 16, 2026

Our scenario range runs from ₹321.77 (bear case) to ₹536.28 (bull case); at ₹590.00, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 23% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -6% fair-value upside, at -27%, ASTAR screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹569.66 ₹762.34 ₹1,092 80
Residual Income ₹737.66 ₹706.36 ₹573.53 76
Rev-Margin DCF ₹408.84 ₹561.06 ₹750.77 74
All 22 models by family
DCF Models
FCF DCF ₹546.12 ₹744.64 ₹1,112 38
Owner Earnings ₹304.45 ₹408.07 ₹599.99 31
5Y Revenue Exit ₹408.84 ₹549.20 ₹752.62 39
5Y EBITDA Exit ₹424.02 ₹575.49 ₹776.26 41
5Y P/E Exit ₹454.48 ₹628.22 ₹836.57 38
10Y Revenue Exit ₹450.72 ₹560.26 ₹674.92 36
10Y EBITDA Exit ₹468.04 ₹576.52 ₹688.80 37
10Y P/E Exit ₹486.53 ₹609.12 ₹724.20 35
Earnings-Based
Graham-Dodd ₹171.73 ₹209.89 ₹236.13 54
EPV ₹276.87 ₹316.26 ₹350.72 59
Multiples
P/E Multiple ₹416.70 ₹555.60 ₹694.50 63
P/S Multiple ₹322.00 ₹429.33 ₹536.66 58
P/B Multiple ₹322.00 ₹429.33 ₹536.66 55
EV/EBIT ₹497.37 ₹649.65 ₹801.93 53
EV/EBITDA ₹399.34 ₹518.94 ₹638.54 54
EV/Revenue ₹348.48 ₹480.45 ₹612.43 43
Asset-Based
NCAV (Graham) ₹517.80 ₹693.86 ₹1,036 50
Growth DCF
Growth DCF ₹569.66 ₹762.34 ₹1,092 80
Rev-Margin DCF ₹408.84 ₹561.06 ₹750.77 74
Economic Profit
Residual Income ₹737.66 ₹706.36 ₹573.53 76
ROIC Compounder ₹276.87 ₹316.26 ₹350.72 72
Growth Earnings
Growth-Adj P/E ₹293.74 ₹419.63 ₹545.52 68

Widest divergence: Asset-Based (₹693.86) versus Earnings-Based (₹209.89). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹28.8B
Revenue growth (YoY) -12.7%
Net margin 1.4%
Return on equity 2.5%
Free cash flow ₹833M FY2026
P/E ratio 23.3
More key figures
Operating margin 0.4%
EPS (TTM) ₹25.27
Dividend yield 0.2%
EPS growth (YoY) -29.7%
Net debt ₹3.8B FY2026

Figures from reported company fundamentals · as of Aug 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 59 · Market factors (momentum, volatility) 36

Profitability 34
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 62
Balance sheet, leverage, solvency risk
Investment 92
Disciplined investing over empire-building
Low Volatility 63
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 16
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Asian Star Company Limited manufactures and sells diamond jewelry worldwide. The company operates through Diamonds and Jewellery segments. It offers various cut and polished diamonds; and diamond studded and bridal jewelry. The company retails diamond jewelry through its boutique; and undertakes customized orders.

Full company description

Asian Star Company Limited manufactures and sells diamond jewelry worldwide. The company operates through Diamonds and Jewellery segments. It offers various cut and polished diamonds; and diamond studded and bridal jewelry. The company retails diamond jewelry through its boutique; and undertakes customized orders. In addition, it generates power through its windmills. Asian Star Company Limited was founded in 1971 and is headquartered in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

ASIAN STAR CO.LTD.-$ reported revenue of ₹28.8B in FY2026 versus ₹44.2B in FY2022, a compound −10.2%/yr. Reported net income was ₹404M in FY2026, compounding −19.0%/yr from FY2022.

Growth Quality 52/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹28.8B
Latest YoY
−2.5%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−13.7%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+2.5%
Avg. growth/yr (7Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−3.3%
Revenue −10.2%/yr
FY22 ₹44.2B
FY23 ₹44.8B
FY24 ₹35.2B
FY25 ₹29.6B
FY26 ₹28.8B
Net income −19.0%/yr
FY22 ₹938M
FY23 ₹826M
FY24 ₹772M
FY25 ₹432M
FY26 ₹404M

ASTAR screens 27% overvalued. Compare with Compagnie Financière Richemont SA →

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Cite: Fair Value Calculator (2026). "ASIAN STAR CO.LTD.-$ Fair Value". https://www.fairvalue-calculator.com/stock/ASTAR

Peer Group

Luxury Goods · 137 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 59 · Above median
Fair Value upside −27% · Below median
Return on equity (TTM) 3% · Below median
Return on assets 1% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 0% · Bottom 25%
Revenue growth -13% · Bottom 25%
Dividend yield (TTM) 0.2% · Bottom 25%
Debt / equity 0.03× · Higher than median

Valuation Multiples vs Luxury Goods median · lower = cheaper

P/E (TTM) 23.3× · Pricier than median
P/B 0.61× · Cheaper than 75% of peers
P/S (TTM) 0.35× · Cheaper than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 14.7× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 14
FUTURE 0 · sector 35
PAST 10 · sector 40
HEALTH 98 · sector 99
DIVIDEND 5 · sector 44

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Luxury Goods stocks, each showing price versus our Fair Value estimate (as of Aug 16, 2026).

Stock Price Fair Value vs Fair Value
Compagnie Financière Richemont SA CFR CHF 193.70 CHF 119.08 -39%
Christian Dior SE DIO €423.60 €1,095 +159%
Kering SA KER €270.60 €56.23 -79%
Tapestry, Inc TPR $153.74 $19.95 -87%
Chow Tai Fook Jewellery Group 1929 HK$12.31 HK$11.51 -6%
The Swatch Group UHRN CHF 37.90 CHF 21.48 -43%
Prada S.p.A 1913 HK$42.22 HK$64.07 +52%
Pandora A/S PNDORA kr 771.40 kr 1,424 +85%
Laopu Gold Co 6181 HK$359.20 HK$544.05 +51%
Kalyan Jewellers India Limited KALYANKJIL ₹596.70 ₹238.57 -60%

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Frequently asked questions

Is ASIAN STAR CO.LTD.-$ (ASTAR) overvalued or undervalued?
As of Aug 16, 2026, our model estimates a fair value of ₹429.02 versus a price of ₹590.00, about −27% (overvalued).
What is the fair value of ASTAR?
Our model-based fair value for ASIAN STAR CO.LTD.-$ is ₹429.02 (as of Aug 16, 2026), built from audited fundamentals. The current price is ₹590.00.
What is the quality score of ASTAR?
ASIAN STAR CO.LTD.-$ has a Quality Score of 59/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of ASIAN STAR CO.LTD.-$ (ASTAR)?
ASIAN STAR CO.LTD.-$ reported trailing-twelve-month revenue of about ₹28.8B (latest available figure, as of Aug 16, 2026).
What is the net profit margin of ASTAR?
The net profit margin of ASIAN STAR CO.LTD.-$ is about 1.4%, meaning it keeps roughly 1.4% of revenue as net income. Based on the latest reported figures.
Does ASIAN STAR CO.LTD.-$ pay a dividend?
ASIAN STAR CO.LTD.-$ currently shows a dividend yield of about 0.24% relative to its recent price (as of Aug 16, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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