Asahi Songwon Colors Ltd

Asahi Songwon Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Asahi Songwon Colors Ltd

₹ 380 1.71%
22 Nov 11:56 a.m.
asahisongwon.com BSE: 532853 NSE: ASAHISONG
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]

Website BSE NSE - BE
  • Market Cap ₹ 448 Cr.
  • Current Price ₹ 380
  • High / Low ₹ 589 / 261
  • Stock P/E 27.7
  • Book Value ₹ 231
  • Dividend Yield 0.13 %
  • ROCE 3.44 %
  • ROE 1.76 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter

Cons

  • 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.
  • 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
93.95 96.06 118.76 118.56 81.20 57.31 82.81 67.99 57.91 66.97 83.85 89.83 99.46
82.07 87.01 108.92 106.26 73.26 59.18 90.84 67.99 53.06 62.93 75.77 79.50 88.70
Operating Profit 11.88 9.05 9.84 12.30 7.94 -1.87 -8.03 0.00 4.85 4.04 8.08 10.33 10.76
OPM % 12.65% 9.42% 8.29% 10.37% 9.78% -3.26% -9.70% 0.00% 8.38% 6.03% 9.64% 11.50% 10.82%
0.34 0.35 0.77 0.22 1.29 0.37 1.83 1.01 26.81 1.32 1.58 1.68 1.80
Interest 0.81 0.86 0.87 1.84 2.27 2.36 2.20 2.01 1.57 1.38 1.70 1.94 1.82
Depreciation 2.22 2.22 2.17 2.46 2.47 2.47 2.62 2.58 2.59 2.58 2.57 2.54 2.57
Profit before tax 9.19 6.32 7.57 8.22 4.49 -6.33 -11.02 -3.58 27.50 1.40 5.39 7.53 8.17
Tax % 25.35% 30.38% 19.29% 25.43% 25.61% -9.95% -23.05% -24.86% 10.15% 74.29% 26.53% 24.97% 25.83%
6.87 4.40 6.10 6.13 3.33 -5.70 -8.48 -2.70 24.71 0.37 3.95 5.65 6.06
EPS in Rs 5.71 3.66 5.07 5.10 2.83 -4.84 -7.19 -2.29 20.96 0.31 3.35 4.79 5.14
Raw PDF

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 TTM
232 302 240 224 253 293 294 284 283 401 337 277 340
207 263 203 185 206 254 253 249 234 363 329 260 307
Operating Profit 25 39 36 39 47 38 40 34 48 38 8 17 33
OPM % 11% 13% 15% 18% 19% 13% 14% 12% 17% 9% 2% 6% 10%
0 -2 1 3 3 4 -1 1 7 6 6 31 6
Interest 5 6 5 4 3 4 5 4 2 3 9 7 7
Depreciation 5 7 6 7 7 7 8 8 8 9 10 10 10
Profit before tax 15 24 26 31 40 32 26 23 45 32 -5 31 22
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 16
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 13.59
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: 28%
Compounded Profit Growth
10 Years: -12%
5 Years: -25%
3 Years: -47%
TTM: 207%
Stock Price CAGR
10 Years: 11%
5 Years: 21%
3 Years: 10%
1 Year: 30%
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 Sep 2024
Equity Capital 12 12 12 12 12 12 12 12 12 12 12 12 12
Reserves 108 118 106 124 146 169 181 189 221 240 224 250 261
71 80 49 44 35 77 62 22 44 52 97 89 88
48 68 46 40 53 61 54 53 61 85 70 65 79
Total Liabilities 239 278 212 220 247 319 309 276 338 390 402 416 440
102 122 94 93 94 141 150 129 138 154 151 122 117
CWIP 18 7 1 6 10 15 1 2 0 0 0 0 0
Investments 14 16 18 26 30 19 14 27 51 50 98 107 107
105 133 99 95 113 144 143 118 149 185 154 186 215
Total Assets 239 278 212 220 247 319 309 276 338 390 402 416 440

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 46 -4
-34 -19 -9 -15 -12 -44 -3 -21 -16 -25 -70 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 99
Days Payable 67 76 58 57 82 76 66 51 96 91 77 84
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% 3%

Shareholding Pattern

Numbers in percentages

6 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
66.64% 66.64% 66.64% 66.73% 66.73% 66.73% 66.73% 66.73% 66.77% 66.77% 66.77% 66.83%
0.33% 0.33% 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%
33.04% 33.04% 33.08% 32.95% 33.26% 33.25% 33.28% 33.27% 33.05% 33.13% 33.16% 32.89%
No. of Shareholders 13,08713,40624,02514,10513,86411,07110,35310,39110,3949,0309,05310,070

* 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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