Asahi Songwon Colors Ltd

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

Asahi Songwon Colors Ltd

₹ 374 -1.80%
21 Nov - close price
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 ₹ 440 Cr.
  • Current Price ₹ 374
  • High / Low ₹ 589 / 261
  • Stock P/E 57.2
  • Book Value ₹ 207
  • Dividend Yield 0.13 %
  • ROCE 1.08 %
  • ROE -2.97 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 7.74% over past five years.
  • Company has a low return on equity of -0.54% over last 3 years.
  • Company might be capitalizing the interest cost

* 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

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
94.87 100.07 123.48 163.11 126.30 93.87 123.78 102.79 95.33 102.15 125.97 134.28 141.61
84.52 92.15 115.36 151.34 120.02 96.17 132.27 103.68 89.93 97.18 117.19 120.55 128.12
Operating Profit 10.35 7.92 8.12 11.77 6.28 -2.30 -8.49 -0.89 5.40 4.97 8.78 13.73 13.49
OPM % 10.91% 7.91% 6.58% 7.22% 4.97% -2.45% -6.86% -0.87% 5.66% 4.87% 6.97% 10.22% 9.53%
0.13 0.23 0.50 0.19 1.20 0.36 2.14 0.65 26.56 0.49 0.72 0.78 1.02
Interest 1.13 1.31 1.41 2.80 3.51 3.82 3.89 3.17 2.96 2.74 3.67 3.96 4.31
Depreciation 3.00 3.01 2.98 3.63 3.67 3.73 3.83 3.82 3.83 4.03 4.54 4.52 4.81
Profit before tax 6.35 3.83 4.23 5.53 0.30 -9.49 -14.07 -7.23 25.17 -1.31 1.29 6.03 5.39
Tax % 28.50% 40.73% 22.46% 42.50% 430.00% -5.37% -17.06% -19.09% 9.77% 62.60% 29.46% 27.53% 38.78%
4.54 2.27 3.28 3.18 -0.99 -8.98 -11.68 -5.85 22.71 -2.12 0.91 4.37 3.30
EPS in Rs 4.73 2.76 3.88 3.96 1.01 -6.24 -8.69 -3.95 20.00 -0.87 1.83 4.39 3.26
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
294 284 283 411 505 426 504
253 249 233 379 499 408 463
Operating Profit 40 34 50 32 5 18 41
OPM % 14% 12% 18% 8% 1% 4% 8%
-1 1 4 6 6 28 3
Interest 5 4 2 5 14 13 15
Depreciation 8 8 9 12 15 16 18
Profit before tax 26 23 44 21 -18 18 11
Tax % 30% 2% 27% 30% 4% 13%
18 23 32 15 -18 16 6
EPS in Rs 14.88 18.98 26.78 16.10 -9.88 17.01 8.61
Dividend Payout % 20% 16% 13% 3% -5% 3%
Compounded Sales Growth
10 Years: %
5 Years: 8%
3 Years: 15%
TTM: 21%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 134%
Stock Price CAGR
10 Years: 11%
5 Years: 21%
3 Years: 10%
1 Year: 30%
Return on Equity
10 Years: %
5 Years: 4%
3 Years: -1%
Last Year: -3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 12 12 12 12 12 12 12
Reserves 181 189 215 230 207 224 232
62 22 50 87 180 197 198
54 55 112 138 147 138 160
Total Liabilities 309 278 389 468 545 570 602
150 129 213 235 275 306 314
CWIP 1 11 9 0 25 11 0
Investments 14 13 2 1 1 1 1
143 125 166 231 244 253 287
Total Assets 309 278 389 468 545 570 602

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
27 57 8 -0 30 9
-3 -16 -60 -28 -77 -13
-24 -39 50 28 47 4
Net Cash Flow 0 2 -2 -0 0 -0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 68 71 101 80 77 105
Inventory Days 132 62 114 151 83 103
Days Payable 66 51 98 104 79 96
Cash Conversion Cycle 134 82 117 127 82 111
Working Capital Days 126 104 145 128 101 135
ROCE % 11% 15% 7% -1% 1%

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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