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 ₹ 364 Cr.
- Current Price ₹ 309
- High / Low ₹ 542 / 257
- Stock P/E 20.5
- Book Value ₹ 216
- Dividend Yield 0.49 %
- ROCE 9.17 %
- ROE 8.15 %
- Face Value ₹ 10.0
Pros
Cons
- Company has a low return on equity of 0.85% over last 3 years.
- Dividend payout has been low at 2.28% of profits 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|
294 | 284 | 283 | 411 | 505 | 426 | 562 | 578 | |
253 | 249 | 233 | 379 | 499 | 408 | 506 | 525 | |
Operating Profit | 40 | 34 | 50 | 32 | 5 | 18 | 57 | 53 |
OPM % | 14% | 12% | 18% | 8% | 1% | 4% | 10% | 9% |
-1 | 1 | 4 | 6 | 6 | 28 | 4 | 5 | |
Interest | 5 | 4 | 2 | 5 | 14 | 13 | 16 | 16 |
Depreciation | 8 | 8 | 9 | 12 | 15 | 16 | 19 | 19 |
Profit before tax | 26 | 23 | 44 | 21 | -18 | 18 | 25 | 23 |
Tax % | 30% | 2% | 27% | 30% | 4% | 13% | 33% | |
18 | 23 | 32 | 15 | -18 | 16 | 17 | 15 | |
EPS in Rs | 14.88 | 18.98 | 26.78 | 16.10 | -9.88 | 17.01 | 16.76 | 15.05 |
Dividend Payout % | 20% | 16% | 13% | 3% | -5% | 3% | 9% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 15% |
3 Years: | 11% |
TTM: | 26% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | -3% |
3 Years: | 1% |
TTM: | 146% |
Stock Price CAGR | |
---|---|
10 Years: | 10% |
5 Years: | 7% |
3 Years: | 0% |
1 Year: | -41% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 5% |
3 Years: | 1% |
Last Year: | 8% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Equity Capital | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
Reserves | 181 | 189 | 215 | 230 | 207 | 224 | 243 |
62 | 22 | 50 | 87 | 180 | 197 | 167 | |
54 | 55 | 112 | 138 | 147 | 138 | 162 | |
Total Liabilities | 309 | 278 | 389 | 468 | 545 | 570 | 584 |
150 | 129 | 213 | 235 | 275 | 306 | 305 | |
CWIP | 1 | 11 | 9 | 0 | 25 | 11 | 0 |
Investments | 14 | 13 | 2 | 1 | 1 | 1 | 0 |
143 | 125 | 166 | 231 | 244 | 253 | 278 | |
Total Assets | 309 | 278 | 389 | 468 | 545 | 570 | 584 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
27 | 57 | 8 | -0 | 30 | 9 | 58 | |
-3 | -16 | -60 | -28 | -77 | -13 | -5 | |
-24 | -39 | 50 | 28 | 47 | 4 | -49 | |
Net Cash Flow | 0 | 2 | -2 | -0 | 0 | -0 | 3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Debtor Days | 68 | 71 | 101 | 80 | 77 | 105 | 96 |
Inventory Days | 132 | 62 | 114 | 151 | 83 | 103 | 86 |
Days Payable | 66 | 51 | 98 | 104 | 79 | 96 | 110 |
Cash Conversion Cycle | 134 | 82 | 117 | 127 | 82 | 111 | 72 |
Working Capital Days | 77 | 99 | 90 | 74 | 12 | 25 | 27 |
ROCE % | 11% | 15% | 7% | -1% | 1% | 9% |
Documents
Announcements
- Intimation Of Record Date For Payment Of Final Dividend 22 Aug
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Reg. 34 (1) Annual Report.
20 Aug - FY25 annual report: Revenue ₹562.36 crore, PAT ₹16.86 crore; API commercialisation at Chhatral; Azo yellow capacity expansion.
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Book Closure And E-Voting
20 Aug - 35th AGM on September 12, 2025; book closure Sep 6-12; final dividend 15% (Rs1.50); e-voting Sep 9-11.
- Notice Of Annual General Meeting 20 Aug
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 12 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.