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 ₹ 570 Cr.
- Current Price ₹ 484
- High / Low ₹ 500 / 212
- Stock P/E 130
- Book Value ₹ 222
- Dividend Yield 0.10 %
- ROCE 3.44 %
- ROE 1.76 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -1.19% over past five years.
- Company has a low return on equity of 3.25% over last 3 years.
- Earnings include an other income of Rs.30.8 Cr.
- Debtor days have increased from 85.8 to 103 days.
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
232 | 302 | 240 | 224 | 253 | 293 | 294 | 284 | 283 | 401 | 337 | 277 | |
207 | 263 | 203 | 185 | 206 | 254 | 253 | 249 | 234 | 363 | 329 | 260 | |
Operating Profit | 25 | 39 | 36 | 39 | 47 | 38 | 40 | 34 | 48 | 38 | 8 | 17 |
OPM % | 11% | 13% | 15% | 18% | 19% | 13% | 14% | 12% | 17% | 9% | 2% | 6% |
0 | -2 | 1 | 3 | 3 | 4 | -1 | 1 | 7 | 6 | 6 | 31 | |
Interest | 5 | 6 | 5 | 4 | 3 | 4 | 5 | 4 | 2 | 3 | 9 | 7 |
Depreciation | 5 | 7 | 6 | 7 | 7 | 7 | 8 | 8 | 8 | 9 | 10 | 10 |
Profit before tax | 15 | 24 | 26 | 31 | 40 | 32 | 26 | 23 | 45 | 32 | -5 | 31 |
Tax % | 31% | 39% | 33% | 33% | 32% | 28% | 30% | 2% | 26% | 25% | -1% | 14% |
10 | 15 | 18 | 21 | 27 | 23 | 18 | 23 | 33 | 24 | -5 | 26 | |
EPS in Rs | 8.42 | 11.86 | 14.39 | 17.06 | 22.29 | 18.76 | 14.88 | 18.97 | 27.39 | 20.11 | -4.00 | 22.34 |
Dividend Payout % | 41% | 29% | 24% | 12% | 13% | 16% | 20% | 16% | 13% | 2% | -13% | 2% |
Compounded Sales Growth | |
---|---|
10 Years: | -1% |
5 Years: | -1% |
3 Years: | -1% |
TTM: | -18% |
Compounded Profit Growth | |
---|---|
10 Years: | -12% |
5 Years: | -25% |
3 Years: | -47% |
TTM: | 193% |
Stock Price CAGR | |
---|---|
10 Years: | 15% |
5 Years: | 29% |
3 Years: | 10% |
1 Year: | 98% |
Return on Equity | |
---|---|
10 Years: | 10% |
5 Years: | 7% |
3 Years: | 3% |
Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
Reserves | 108 | 118 | 106 | 124 | 146 | 169 | 181 | 189 | 221 | 240 | 224 | 250 |
71 | 80 | 49 | 44 | 35 | 77 | 62 | 22 | 44 | 52 | 97 | 89 | |
48 | 68 | 46 | 40 | 53 | 61 | 54 | 53 | 61 | 85 | 70 | 65 | |
Total Liabilities | 239 | 278 | 212 | 220 | 247 | 319 | 309 | 276 | 338 | 390 | 402 | 416 |
102 | 122 | 94 | 93 | 94 | 141 | 150 | 129 | 138 | 154 | 151 | 122 | |
CWIP | 18 | 7 | 1 | 6 | 10 | 15 | 1 | 2 | 0 | 0 | 0 | 0 |
Investments | 14 | 16 | 18 | 26 | 30 | 19 | 14 | 27 | 51 | 50 | 98 | 107 |
105 | 133 | 99 | 95 | 113 | 144 | 143 | 118 | 149 | 185 | 154 | 186 | |
Total Assets | 239 | 278 | 212 | 220 | 247 | 319 | 309 | 276 | 338 | 390 | 402 | 416 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
17 | 20 | 25 | 32 | 28 | 6 | 27 | 74 | 5 | 25 | 31 | -4 | |
-34 | -19 | -9 | -15 | -12 | -44 | -3 | -21 | -16 | -25 | -55 | 19 | |
15 | -2 | -16 | -17 | -17 | 38 | -24 | -53 | 11 | 1 | 24 | -15 | |
Net Cash Flow | -2 | -0 | 0 | -0 | 0 | -0 | 0 | 0 | -0 | 0 | 0 | -0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 76 | 82 | 65 | 83 | 67 | 99 | 68 | 71 | 101 | 79 | 75 | 103 |
Inventory Days | 61 | 61 | 78 | 58 | 119 | 76 | 132 | 62 | 108 | 116 | 71 | 97 |
Days Payable | 67 | 76 | 58 | 57 | 82 | 76 | 66 | 51 | 96 | 91 | 77 | 83 |
Cash Conversion Cycle | 71 | 67 | 85 | 85 | 104 | 100 | 134 | 82 | 113 | 105 | 69 | 118 |
Working Capital Days | 88 | 85 | 92 | 111 | 106 | 116 | 126 | 87 | 130 | 103 | 96 | 133 |
ROCE % | 11% | 16% | 16% | 19% | 23% | 15% | 13% | 11% | 17% | 12% | 1% |
Documents
Announcements
- Closure of Trading Window 28 Jun
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015
28 Jun - The Company''s wholly owned subsidiary, Atlas Life Sciences (India) Private Limited has successfully completed the trial runs of Active Pharmaceutical Ingredients (API) and has commenced …
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
4 Jun - Asahi Songwon Colors Limited has submitted to the Exchange transcript of Conference Call held on Monday, June 03, 2024 with investors and analyst on the …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
3 Jun - Asahi Songwon Colors Limited has informed about recording of Company''s earnings conference call on Financial performance of Q4FY24 with investors and analyst held today on …
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Announcement under Regulation 30 (LODR)-Investor Presentation
1 Jun - Asahi Songwon Colors Limited has informed about Investor Presentation on the Company''s Financial Performance of Q4FY24.
Annual reports
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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
from nse
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
from nse
Concalls
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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
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]