Asahi Songwon Colors Ltd
Incorporated in 1990, Asahi Songwon Colors is one of the leading manufacturers of blue (Phthalocyanine) pigments for ink, plastics, paint, textile and paper industry with globally benchmarked manufacturing capabilities. The company has ventured into manufacturing of yellow, red and orange (AZO) pigments and APIs.[1]
- Market Cap ₹ 329 Cr.
- Current Price ₹ 279
- High / Low ₹ 492 / 257
- Stock P/E 13.0
- Book Value ₹ 243
- Dividend Yield 0.54 %
- ROCE 12.3 %
- ROE 9.40 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 1.15 times its book value
- Company is expected to give good quarter
Cons
- The company has delivered a poor sales growth of 6.59% over past five years.
- Company has a low return on equity of 3.32% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Commodities Chemicals Chemicals & Petrochemicals Dyes And Pigments
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
302 | 240 | 224 | 253 | 293 | 294 | 284 | 283 | 401 | 337 | 277 | 390 | 407 | |
263 | 203 | 185 | 206 | 254 | 253 | 249 | 234 | 363 | 329 | 260 | 345 | 363 | |
Operating Profit | 39 | 36 | 39 | 47 | 38 | 40 | 34 | 48 | 38 | 8 | 17 | 45 | 43 |
OPM % | 13% | 15% | 18% | 19% | 13% | 14% | 12% | 17% | 9% | 2% | 6% | 11% | 11% |
-2 | 1 | 3 | 3 | 4 | -1 | 1 | 7 | 6 | 6 | 31 | 8 | 8 | |
Interest | 6 | 5 | 4 | 3 | 4 | 5 | 4 | 2 | 3 | 9 | 7 | 8 | 7 |
Depreciation | 7 | 6 | 7 | 7 | 7 | 8 | 8 | 8 | 9 | 10 | 10 | 10 | 10 |
Profit before tax | 24 | 26 | 31 | 40 | 32 | 26 | 23 | 45 | 32 | -5 | 31 | 35 | 35 |
Tax % | 39% | 33% | 33% | 32% | 28% | 30% | 2% | 26% | 25% | 1% | 14% | 26% | |
15 | 18 | 21 | 27 | 23 | 18 | 23 | 33 | 24 | -5 | 26 | 25 | 25 | |
EPS in Rs | 11.86 | 14.39 | 17.06 | 22.29 | 18.76 | 14.88 | 18.97 | 27.39 | 20.11 | -4.00 | 22.34 | 21.62 | 21.52 |
Dividend Payout % | 29% | 24% | 12% | 13% | 16% | 20% | 16% | 13% | 2% | -13% | 2% | 7% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 7% |
3 Years: | -1% |
TTM: | 36% |
Compounded Profit Growth | |
---|---|
10 Years: | 4% |
5 Years: | 2% |
3 Years: | 2% |
TTM: | 115% |
Stock Price CAGR | |
---|---|
10 Years: | 8% |
5 Years: | 4% |
3 Years: | -2% |
1 Year: | -41% |
Return on Equity | |
---|---|
10 Years: | 9% |
5 Years: | 6% |
3 Years: | 3% |
Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
Reserves | 118 | 106 | 124 | 146 | 169 | 181 | 189 | 221 | 240 | 224 | 250 | 275 |
80 | 49 | 44 | 35 | 77 | 62 | 22 | 44 | 52 | 97 | 89 | 57 | |
68 | 46 | 40 | 53 | 61 | 54 | 53 | 61 | 85 | 70 | 65 | 95 | |
Total Liabilities | 278 | 212 | 220 | 247 | 319 | 309 | 276 | 338 | 390 | 402 | 416 | 439 |
122 | 94 | 93 | 94 | 141 | 150 | 129 | 138 | 154 | 151 | 122 | 112 | |
CWIP | 7 | 1 | 6 | 10 | 15 | 1 | 2 | 0 | 0 | 0 | 0 | 0 |
Investments | 16 | 18 | 26 | 30 | 19 | 14 | 27 | 51 | 50 | 98 | 107 | 107 |
133 | 99 | 95 | 113 | 144 | 143 | 118 | 149 | 185 | 154 | 186 | 220 | |
Total Assets | 278 | 212 | 220 | 247 | 319 | 309 | 276 | 338 | 390 | 402 | 416 | 439 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
20 | 25 | 32 | 28 | 6 | 27 | 74 | 5 | 25 | 46 | -4 | 51 | |
-19 | -9 | -15 | -12 | -44 | -3 | -21 | -16 | -25 | -70 | 19 | -7 | |
-2 | -16 | -17 | -17 | 38 | -24 | -53 | 11 | 1 | 24 | -15 | -40 | |
Net Cash Flow | -0 | 0 | -0 | 0 | -0 | 0 | 0 | -0 | 0 | 0 | -0 | 3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 82 | 65 | 83 | 67 | 99 | 68 | 71 | 101 | 79 | 75 | 103 | 90 |
Inventory Days | 61 | 78 | 58 | 119 | 76 | 132 | 62 | 108 | 116 | 71 | 99 | 78 |
Days Payable | 76 | 58 | 57 | 82 | 76 | 66 | 51 | 96 | 91 | 77 | 84 | 106 |
Cash Conversion Cycle | 67 | 85 | 85 | 104 | 100 | 134 | 82 | 113 | 105 | 69 | 118 | 62 |
Working Capital Days | 11 | 32 | 50 | 62 | 52 | 77 | 82 | 82 | 68 | 15 | 35 | 36 |
ROCE % | 16% | 16% | 19% | 23% | 15% | 13% | 11% | 17% | 12% | 1% | 3% | 12% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Oct - RTA MUFG Intime confirms dematerialisation processing for quarter ended Sept 30, 2025 under Regulation 74(5).
- Closure of Trading Window 26 Sep
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 13 Sep
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Shareholder Meeting / Postal Ballot-Outcome of AGM
12 Sep - 35th AGM (12 Sep 2025): adopted FY25 financials; final dividend; directors reappointed; secretarial auditor appointed; Section 185 approval.
- Intimation Of Record Date For Payment Of Final Dividend 22 Aug
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Concalls
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May 2025Transcript PPT
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Nov 2024TranscriptPPT
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Jun 2024Transcript PPT
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Oct 2023TranscriptPPT
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Jun 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022TranscriptNotesPPT
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May 2022Transcript PPT
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Feb 2022TranscriptNotesPPT
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Nov 2021Transcript PPT
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Aug 2021TranscriptNotesPPT
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Jun 2021Transcript PPT
Product Portfolio
a) Phthalocyanine Pigments[1]
Asahi is the world’s largest producer of CPC Blue crude, a key raw material for Beta and Alpha Blue pigments, with strong backward integration. These pigments are used across inks, plastics, paints, textiles, and paper industries.