
Asian Star Company Ltd
Next 500 2024
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OVERVIEW
FINANCIALS
About
Asian Star Co is a well-regarded diamond company involved in the manufacturing and trading of diamonds and jewellery. With a presence in key global markets, the company is known for its craftsmanship, precision cutting, and ethically sourced diamonds. It caters to a diverse clientele, including retailers and luxury brands, offering a range of high-quality diamonds and bespoke jewellery designs. Asian Star Co’s expertise in diamond processing, along with its focus on innovation and sustainability, has helped it build a strong reputation in the industry.
Incorporation Year: 1995
Headquarters: Mumbai, India
Top Management: Vipul Shah
Industry: Gems & Jewellery
Website: asianstarco.com
Featured In Fortune India Ranking
Fortune 500 India
#476(2019)
#415(2018)
#391(2017)
#448(2016)
#300(2015)
#412(2014)
#402(2013)
#495(2012)
#476(2019)#415(2018)#391(2017)#448(2016)#300(2015)#412(2014)#402(2013)#495(2012)
Next 500 India
#66(2024)#57(2023)#31(2021)
#66(2024)#57(2023)#31(2021)
Financial Data 2024
Revenue
3,740
(INR Cr)
Net Operating Income
3,523
(INR Cr)
Assets
2,277
(INR Cr)
Profit
77
(INR Cr)
Net Worth
1,509
(INR Cr)
Financial Data
RevenueNet Operating IncomeProfitAssetsNet Worth
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 3740 -20.8% | 4724 5.9% | 4463 83.7% | 2430 -19.0% | 2998 -18.6% | 3683 -5.6% | 3903 7.1% | 3645 15.3% | 3163 -7.0% | 3400 6.7% | 3186 24.3% | 2563 34.7% | 1902 13.0% | 1683 19.5% | 1408 -8.4% | 1537 - |
| Net Operating Income (INR Cr) | 3523 -21.32% | 4478 1.26% | 4423 73.82% | 2544 -16.66% | 3053 -16.18% | 3642 -6.73% | 3905 11.77% | 3494 5.80% | 3302 2.51% | 3221 -0.89% | 3250 32.00% | 2462 34.15% | 1835 10.08% | 1667 13.65% | 1467 0.10% | 1466 -1.39% |
| Profit (INR Cr) | 77 -6.6% | 83 -11.9% | 94 46.8% | 64 0.8% | 63 -44.8% | 115 5.3% | 109 65.0% | 66 -11.0% | 74 -9.3% | 82 5.1% | 78 63.2% | 48 15.4% | 41 9.6% | 38 25.6% | 30 -35.3% | 46 - |
| Assets (INR Cr) | 2277 9.2% | 2084 2.9% | 2025 13.8% | 1779 -3.4% | 1841 3.5% | 1778 -3.6% | 1844 0.6% | 1833 -7.4% | 1979 25.2% | 1581 -2.1% | 1614 20.3% | 1342 20.0% | 1118 4.5% | 1070 16.3% | 920 -3.6% | 955 - |
| Net Worth (INR Cr) | 1509 5.3% | 1434 9.2% | 1313 8.4% | 1212 4.2% | 1163 8.3% | 1074 9.1% | 984 17.1% | 840 7.3% | 783 24.5% | 629 14.4% | 550 16.5% | 472 10.7% | 426 10.7% | 385 10.0% | 350 -3.9% | 364 16.0% |
| Employee Cost (INR Cr) | 66 12.5% | 59 -3.0% | 61 26.5% | 48 -19.8% | 60 4.0% | 57 -14.2% | 67 13.0% | 59 22.7% | 48 18.2% | 41 30.3% | 31 13.9% | 28 13.0% | 24 23.4% | 20 39.3% | 14 -16.8% | 17 - |
| Interest Cost (INR Cr) | 40 | 23 | 9 | 5 | 22 | 30 | 35 | 31 | 25 | 30 | 28 | 24 | 17 | 17 | 26 | 30 |
| Cash & Bank Balance (INR Cr) | 316 | 319 | 305 | 334 | 341 | 312 | 405 | 295 | 465 | 224 | 216 | 154 | 104 | 98 | 85 | 90 |
| Total Debt (INR Cr) | 741 | 628 | 691 | 549 | 663 | 690 | 844 | 978 | 1123 | 905 | 1002 | 822 | 657 | 663 | 570 | 561 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 2.1% | 1.8% | 2.1% | 2.6% | 2.1% | 3.1% | 2.8% | 1.8% | 2.4% | 2.4% | 2.5% | 1.9% | 2.2% | 2.3% | 2.1% | 3.0% |
| Profit As % Of Assets | 3.4% | 4.0% | 4.6% | 3.6% | 3.4% | 6.5% | 5.9% | 3.6% | 3.8% | 5.2% | 4.8% | 3.6% | 3.7% | 3.5% | 3.3% | 4.9% |
| Profit As % Of Networth | 5.1% | 5.8% | 7.1% | 5.3% | 5.5% | 10.7% | 11.1% | 7.9% | 9.5% | 13.0% | 14.2% | 10.1% | 9.7% | 9.8% | 8.6% | 12.8% |
| Interest Cost to EBITDA % | 33.2% | 15.2% | 7.2% | 7.7% | 18.6% | 16.5% | 20.3% | 23.3% | 18.7% | 21.3% | 21.1% | 25.8% | 21.7% | 22.8% | 35.6% | 31.3% |
| Debt to Equity Ratio | 0.49 | 0.44 | 0.53 | 0.45 | 0.57 | 0.64 | 0.86 | 1.16 | 1.43 | 1.44 | 1.82 | 1.74 | 1.54 | 1.72 | 1.63 | 1.54 |
| RONW | 5.3% | 6.0% | 7.5% | 5.4% | 5.7% | 11.3% | 12.0% | 8.1% | 10.5% | 13.9% | 15.3% | 10.6% | 10.2% | 10.3% | 8.4% | 13.3% |
| ROCE | 6.3% | 6.2% | 6.4% | 3.5% | 5.5% | 9.2% | 8.8% | 6.3% | 6.5% | 8.2% | 8.5% | 7.0% | 6.4% | 6.8% | 6.9% | 9.7% |

