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Prices as of 9 Oct 2026 close · Not investment advice

Asahi Songwon Colors Limited

NSE: ASAHISONGDyes And PigmentsTrade-to-trade true

Share price

₹365.05

+0.26% close of 9 Oct 2026

Market cap ₹438 CrP/E 12.9

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 7 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

63

out of 100 · worked out 9 Oct 2026

How the business score works

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹438 Cr

P/E ratio

12.9

P/B ratio

1.6

ROCE

8.5%

ROE

7.1%

Dividend yield

0.4%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹402.7552-week low ₹182.78

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales fell 0.6% over the past year. Meanwhile what it keeps of every 100 rupees of sales improved from 8.2% to 11.7% over the last four years.

Whether it grew faster than its sector

It grew 8.7% a year against a sector median of 10.2% — 1.5 percentage points slower.

Room to re-rate, or risk of de-rating

At 12.9× earnings against a market that pays 24.1× across 2199 companies we can price. Its own industry sits at 23.3×, across 5 companies. It is against its own five-year median of 19.3×, the 4th percentile of its own range.

Whether growth justifies the valuation

Priced at 0.2 times its growth rate, on earnings growth of 53%.

Profit growthPrice per ₹1 profitPer 1% growth
Asahi Songwon Colors Limited — this one53%/yr12.9×₹0.24
Sudarshan Chemical Industries Limited-25%/yr92.4×—
Kiri Industries Limited—4.1×—
Bodal Chemicals Limited-16%/yr31.7×—
Bhageria Industries Limited45%/yr23.3×₹0.52
Shree Pushkar Chemicals & Fertilisers Limited23%/yr21.8×₹0.95

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Dyes And Pigments), it ranks 5 of 11 on returns, 7 of 11 on growth, 4 of 11 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 8.5% on capital, ahead of 55% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹140 crore of cash from the business, spent ₹73 crore on plant and equipment, and returned ₹8 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 8 years, about 192 arrived as cash — well above the profit; depreciation and interest are the reason, not a windfall. Its cash comes back faster than it used to: it went from being waiting 74 days for its cash to waiting 37 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

9 of 10 checks clear · 90%

How the profit check works

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 29 Jul 2026 · Consolidated

Revenue

₹189 Cr

Revenue vs last year

+25.9%

Revenue vs last quarter

+31.2%

Net profit

₹19 Cr

Profit vs last year

+534.2%

Profit vs last quarter

+73.0%

Net margin

10.1%

EPS

₹16.32

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹438 Cr
Prev close
₹365.05
52w High
₹414
52w Low
₹180
Enterprise value
₹576 Cr
Beta
1.1
Price CAGR 1y
30.0%
Price CAGR 3y
15.0%
Price CAGR 5y
1.0%
Price CAGR 10y
5.0%

Ratios

Return on assets
3.0%
PEG ratio
0.2
P/E ratio
12.9
P/B ratio
1.6
EV / EBITDA
8.0
Industry P/E
22.1
ROCE
8.5%
ROCE 5y average
4.8%
ROE
7.1%
Debt / Equity
0.5
Interest coverage
3.2
Dividend yield
0.4%
ROE 3y average
5.0%
ROE last year
7.0%

Annual P&L

Annual revenue
₹535 Cr
Annual profit
₹18 Cr
Operating margin
9.0%
Net profit margin
3.4%
EBITDA margin
9.3%
Sales growth 3y
1.9%
Sales growth 5y
13.6%
Profit growth 3y
53.0%
Profit growth 5y
-8.0%
EPS
₹15.9
Sales growth TTM
-1.0%
Profit growth TTM
96.0%
Dividend payout
9.0%

Quarter P&L

Sales latest quarter
₹189 Cr
Profit latest quarter
₹19 Cr
YoY quarterly sales growth
26.0%
YoY quarterly profit growth
533.3%
OPM latest quarter
16.8%

Balance Sheet

Book Value
₹227
Face Value
₹10.0
Total debt
₹143 Cr
Total cash
₹5 Cr
Borrowings
₹143 Cr
Reserves / Equity
21.7

Cash Flow

Operating cash flow
₹43 Cr
Free cash flow
₹38 Cr
FCF yield
5.9%
Net cash flow
-₹2 Cr

Shareholding

Promoter holding
67.0%
FII holding
0.0%
DII holding
0.3%
Public holding
32.7%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Sudarshan Chem.1,226.6096.19,7620.41103.4106.12,642.15.45.5
Kiri Industries556.254.53,6210.00290.72762.3312.454.53.4
Bodal Chemicals184.1433.72,3160.0030.4218.8709.056.15.6
Sh.Pushkar Chem.517.5023.21,6730.4122.99.4280.110.012.9
Bhageria Indust.377.5522.21,6510.6635.9199.8284.079.811.0
Ultramarine Pig.409.6014.61,1941.4628.068.2218.929.810.1
Sudarshan Colorants364.5516.38430.0020.419.1222.45.511.4
Asahi Songwon376.4012.74430.4019.0508.5188.926.08.5
Median364.5522.74430.0519.0199.8188.929.88.5

Competes with: Bhageria Industries Limited, Bodal Chemicals Limited, Kiri Industries Limited, Shree Pushkar Chemicals & Fertilisers Limited, Sudarshan Chemical Industries Limited, Sudarshan Colorants India Limited, Ultramarine & Pigments Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales10395102126134142134153150121121144189
Expenses1049097117121128122136139111110125157
Material Cost91999188105102
Change in Inventories8.474.60-10-8.15-1118
Purchases of Stock-in-Trade0.050.250.140.470.050.41
Employee Cost6.096.666.787.397.266.75
Other Expenses302924232330
Operating Profit-1559141312171110102032
OPM %-0.875.664.876.97109.538.88117.037.868.501417
Other Income12701112112031
Exceptional items (within Other Income)000000
Interest3334444433333
Depreciation4445555555555
Profit before tax-725-1165494431525
Tax %-19106329283947253942152825
Net Profit-623-2143273221119
EPS in Rs-3.9520-0.871.834.393.262.636.482.681.912.109.2216
Diluted EPS in Rs6.482.681.912.119.2216

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales294284283411505426562535575
Expenses253249233379499408506486503
Material Cost372383
Change in Inventories-6.28-24
Purchases of Stock-in-Trade5.590.91
Employee Cost2528
Other Expenses11098
Operating Profit40345032518575071
OPM %14121881.104.3010912
Other Income-1146628476
Exceptional items (within Other Income)00
Interest54251413161212
Depreciation889121516191919
Profit before tax26234421-1818252647
Tax %30227304133330
Net Profit18233215-1816171834
EPS in Rs15192716-9.8817171630
Diluted EPS in Rs1716
Dividend Payout %2016133-5399

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
—
5 years
14%
3 years
2%
TTM
-1%

Compounded profit growth

10 years
—
5 years
-8%
3 years
53%
TTM
96%

Stock price CAGR

10 years
5%
5 years
1%
3 years
15%
1 year
30%

Return on equity

10 years
—
5 years
4%
3 years
5%
Last year
7%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital1212121212121212
Reserves181189215230207224243260
Borrowings62225087180197167143
Other Liabilities5455112138147138162182
Minority Interest2726
Total Liabilities309278389468545570584596
Fixed Assets150129213235275306305292
CWIP11190251100
Investments1413211102
Other Assets143125166231244253278302
Total Assets309278389468545575584596

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity27578-03095843
Cash from Investing Activity-3-16-60-28-77-13-5-7
Cash from Financing Activity-24-395028474-49-38
Net Cash Flow02-2-00-03-2
Free Cash Flow2345-61-27125338

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days687110180771059694
Inventory Days132621141518310387129
Days Payable6651981047996110137
Cash Conversion Cycle13482117127821117285
Working Capital Days7799907412252737
ROCE %11157-1198

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters676767676767676767676767
FIIs00.170.100.070.070000.0800.050.01
DIIs00000.210000.030.300.310.32
Public333333333333333333333333
No. of Shareholders10,39110,3949,0309,05310,0709,8529,7729,7649,76410,1419,7319,792

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +30.8% (₹279.00 → ₹365.05)Brick size ₹17.42 (fixed)Bricks 25
₹200₹300₹400₹365Dec '25Apr '26Aug '26
Price moved up one brickPrice moved down one brickLast close ₹365.05 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

exports as % of revenue

69.00

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

138inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

News

News and filings about Asahi Songwon Colors Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • Azo pigment intermediates for red, yellow and orange shades
  • Cuprous Chloride
  • Phthalic Anhydride

Depends on the price of

  • Crude Oil Brent

Sells to

  • BASF · Phthalocyanine pigments. Seed edge carried forward, no contradiction.
  • Clariant · Phthalocyanine pigments. RE-GROUNDED FY25 AR milestone 2003: 'Established a technical coll…
  • DIC Corporation · CPC Blue crude and phthalocyanine pigments. RE-GROUNDED FY25 AR milestone 2007: 'Formed a…
  • Siegwerk · Phthalocyanine pigments. Seed edge carried forward, no contradiction.
  • Sun Chemical · Phthalocyanine pigments. Seed edge carried forward, no contradiction; AR states products a…

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Chemicals
Industry
Dyes And Pigments
Classification
Chemicals › Dyes And Pigments
ISIN
INE228I01012

Business segments

  • PIGMENTS · 79%
  • API · 21%

Plants

  • Chhatral Site (Atlas Life Sciences Private Limited)
  • Dahej Site (Asahi Tennants Color Private Limited)
  • Odhav Site (Atlas Life Sciences Private Limited)
  • Padra Site · Padra / Vadodara, Gujarat

News impact

Big market events that reach Asahi Songwon Colors Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

23 Sep 2026unspecified₹1.5
4 Sep 2025unspecified₹1.5
20 Sep 2024unspecified₹0.5
21 Sep 2023unspecified₹0.5
21 Sep 2021unspecified₹3.5
4 Mar 2020interim₹3
19 Sep 2019unspecified₹3
19 Sep 2018unspecified₹3

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Insider trades

DisclosedWhoTypeSharesValue ₹ Cr
12 Aug 2026Arjun Gokul Jaykrishna · Promoter and DirectorBUY10,0000.34

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.