Asahi Songwon Colors Ltd

Asahi Songwon Colors Ltd

₹ 426 -2.72%
21 May 2:05 p.m.
About

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]

Key Points

Product Portfolio
The product portfolio includes CPC Blue Crude, Pigment Alfa Blue 15:0 and 15:1, Pigment Beta Blue 15:3 &15.4 which serves Industries like Ink, Coating and paints, Plastic Textiles, Rubber, Paper & Pharmaceuticals.[1][2]

  • Market Cap 502 Cr.
  • Current Price 426
  • High / Low 589 / 257
  • Stock P/E 29.8
  • Book Value 216
  • Dividend Yield 0.12 %
  • ROCE 9.08 %
  • ROE 6.87 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • Company has a low return on equity of -0.22% 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

Sector: Chemicals Industry: Dyes And Pigments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
123.48 163.11 126.30 93.87 123.78 102.79 95.33 102.15 125.97 134.28 141.61 133.72 152.75
115.36 151.34 120.02 96.17 132.27 103.68 89.93 97.18 117.19 120.55 128.12 121.84 135.68
Operating Profit 8.12 11.77 6.28 -2.30 -8.49 -0.89 5.40 4.97 8.78 13.73 13.49 11.88 17.07
OPM % 6.58% 7.22% 4.97% -2.45% -6.86% -0.87% 5.66% 4.87% 6.97% 10.22% 9.53% 8.88% 11.18%
0.50 0.19 1.20 0.36 2.14 0.65 26.56 0.49 0.72 0.78 1.02 1.64 0.61
Interest 1.41 2.80 3.51 3.82 3.89 3.17 2.96 2.74 3.67 3.96 4.31 4.36 3.84
Depreciation 2.98 3.63 3.67 3.73 3.83 3.82 3.83 4.03 4.54 4.52 4.81 4.79 4.66
Profit before tax 4.23 5.53 0.30 -9.49 -14.07 -7.23 25.17 -1.31 1.29 6.03 5.39 4.37 9.18
Tax % 22.46% 42.50% 430.00% -5.37% -17.06% -19.09% 9.77% 62.60% 29.46% 27.53% 38.78% 47.37% 25.05%
3.28 3.18 -0.99 -8.98 -11.68 -5.85 22.71 -2.12 0.91 4.37 3.31 2.30 6.87
EPS in Rs 3.88 3.96 1.01 -6.24 -8.69 -3.95 20.00 -0.87 1.83 4.39 3.26 2.63 6.48
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
294 284 283 411 505 426 562
253 249 233 379 499 408 506
Operating Profit 40 34 50 32 5 18 56
OPM % 14% 12% 18% 8% 1% 4% 10%
-1 1 4 6 6 28 4
Interest 5 4 2 5 14 13 16
Depreciation 8 8 9 12 15 16 19
Profit before tax 26 23 44 21 -18 18 25
Tax % 30% 2% 27% 30% 4% 13% 33%
18 23 32 15 -18 16 17
EPS in Rs 14.88 18.98 26.78 16.10 -9.88 17.01 16.76
Dividend Payout % 20% 16% 13% 3% -5% 3% 9%
Compounded Sales Growth
10 Years: %
5 Years: 15%
3 Years: 11%
TTM: 32%
Compounded Profit Growth
10 Years: %
5 Years: -6%
3 Years: 5%
TTM: 350%
Stock Price CAGR
10 Years: 13%
5 Years: 35%
3 Years: 13%
1 Year: 19%
Return on Equity
10 Years: %
5 Years: 4%
3 Years: 0%
Last Year: 7%

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 55 112 138 147 138 168
Total Liabilities 309 278 389 468 545 570 590
150 129 213 235 275 306 305
CWIP 1 11 9 0 25 11 0
Investments 14 13 2 1 1 1 0
143 125 166 231 244 253 284
Total Assets 309 278 389 468 545 570 590

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 85
Days Payable 66 51 98 104 79 96 109
Cash Conversion Cycle 134 82 117 127 82 111 73
Working Capital Days 126 104 145 128 101 135 97
ROCE % 11% 15% 7% -1% 1% 9%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
66.64% 66.73% 66.73% 66.73% 66.73% 66.73% 66.77% 66.77% 66.77% 66.83% 66.83% 66.83%
0.29% 0.33% 0.01% 0.02% 0.00% 0.00% 0.17% 0.10% 0.07% 0.07% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.21% 0.00% 0.00%
33.08% 32.95% 33.26% 33.25% 33.28% 33.27% 33.05% 33.13% 33.16% 32.89% 33.17% 33.17%
No. of Shareholders 24,02514,10513,86411,07110,35310,39110,3949,0309,05310,0709,8529,772

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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