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Asahi Songwon Colors

ASAHISONG NSE
₹371.20 No trade today
P/E
12.57
View as Markdown
MCP
Close 4 Nov 2026 ₹371.20 +99.00 +36.4% 1Y
Start ₹272.20

Key Fundamentals

MicrocapChemicals & PetrochemicalsChemicals

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
8.50%
Debt to Equity
0.53
EPS (TTM)
₹29.54
Book Value
₹230.24
Market Cap
—
P/E (TTM)
12.57
P/B
1.61
ROE
7.14%
Dividend Yield
0.40%
EBITDA
₹56.50 Cr
52W High
₹413.95
52W Low
₹179.64
Volume
0

Peer Comparison

Commodities › Chemicals › Dyes & Pigments › Dyes And Pigments

Asahi Songwon Colors peer comparison
Sudarshan Chemical Industries
₹1,077.95119.11₹8,488 Cr2.430.46%0.54%5.46%₹9,922 Cr₹88 Cr
Kiri Industries
₹523.45—₹3,368 Cr0.520.00%−9.09%3.40%₹950 Cr₹5,848 Cr
Bodal Chemicals
₹169.6931.08₹2,137 Cr1.680.06%1.97%5.59%₹2,267 Cr₹68 Cr
Shree Pushkar Chemicals
₹594.7526.68₹1,932 Cr2.910.34%12.10%12.90%₹1,002 Cr₹72 Cr
Bhageria Industries
₹354.3520.84₹1,540 Cr2.290.68%7.77%11.00%₹997 Cr₹74 Cr
Sudarshan Colorants
₹378.4518.27₹869 Cr1.4217.54%8.80%11.40%₹792 Cr₹47 Cr
Asahi Songwon Colors (this company)
₹371.2012.57₹437 Cr1.610.40%7.14%8.50%₹575 Cr₹34 Cr
Median 7 companies₹378.4523.76₹1,932 Cr1.680.40%7.14%8.50%₹997 Cr₹72 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

59 Good

Data confidence 100/100

Category scores

Quality
62
Good
Returns, margins, earnings quality 22% weight
Valuation
62
Good
Cheap vs sector & own history 24% weight
Growth
34
Poor
Sales & profit trajectory 9% weight
Financial Health
43
Weak
Solvency, leverage, coverage 9% weight
Momentum
96
Strong
Trend strength, vol-adjusted 12% weight
Ownership
60
Good
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

No strengths listed

Weaknesses

2
  • Company has a low return on equity of 4.95% over last 3 years.
  • Company might be capitalizing the interest cost

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallNeutral676
OscillatorsBearish270
Moving AveragesStrong Bullish406

Key readings

RSI (14)
49.57
Neutral
MACD (12,26,9)
−0.46
Bearish
SMA (50)
374.06
Bearish
SMA (200)
284.37
Bullish

As of

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
5Y+13.58%
3Y+1.94%
1Y−4.80%
TTM−0.69%

Net profit

Net profit growth by window
5Y−10.87%
3YTurned to profit
1Y+5.88%
TTM+126.67%

Operating cash flow

Operating cash flow growth by window
5Y+39.98%
3Y+12.75%
1Y−25.86%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
5Y−8.32 pp
3Y+8.36 pp
1Y−0.79 pp
TTM+3.37 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2019₹294 Cr
Mar 2020₹284 Cr
Mar 2021₹283 Cr
Mar 2022₹411 Cr
Mar 2023₹505 Cr
Mar 2024₹426 Cr
Mar 2025₹562 Cr
Mar 2026₹535 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2019₹18.00 Cr
Mar 2020₹23.00 Cr
Mar 2021₹32.00 Cr
Mar 2022₹15.00 Cr
Mar 2023−₹18.00 Cr
Mar 2024₹16.00 Cr
Mar 2025₹17.00 Cr
Mar 2026₹18.00 Cr

Quarterly Results

₹ Cr
ASAHISONG quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
103
95
102
126
134
142
134
153
150
121
121
144
189
Expenses
104
90
97
117
121
128
122
136
139
111
110
125
157
Operating Profit
−1
5
5
9
14
13
12
17
11
10
10
20
32
OPM %
−0.9%
6%
4.9%
7%
10%
10%
9%
11%
7%
8%
8%
14%
17%
Other Income
1
27
0
1
1
1
2
1
1
2
0
3
1
Interest
3
3
3
4
4
4
4
4
3
3
3
3
3
Depreciation
4
4
4
5
5
5
5
5
5
5
5
5
5
PBT
−7
25
−1
1
6
5
4
9
4
4
3
15
25
Tax %
−19%
10%
63%
29%
28%
39%
47%
25%
39%
42%
15%
28%
25%
Net Profit
−6
23
−2
1
4
3
2
7
3
2
2
11
19
EPS (₹)
−3.95
20
−0.87
1.83
4.39
3.26
2.63
6.48
2.68
1.91
2.1
9.22
16.31

Profit & Loss

₹ Cr
ASAHISONG profit and loss, annual, ₹ crore
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
294
284
283
411
505
426
562
535
575
Expenses
253
249
233
379
499
408
506
486
503
Operating Profit
40
34
50
32
5
18
57
50
71
OPM %
14%
12%
18%
8%
1.1%
4.3%
10%
9%
12%
Other Income
−1
1
4
6
6
28
4
7
6
Interest
5
4
2
5
14
13
16
12
12
Depreciation
8
8
9
12
15
16
19
19
19
PBT
26
23
44
21
−18
18
25
26
47
Tax %
30%
2%
27%
30%
4%
13%
33%
30%
—
Net Profit
18
23
32
15
−18
16
17
18
34
EPS (₹)
14.88
18.98
26.78
16.1
−9.88
17.01
16.76
15.92
29.54
Div. Payout %
20%
16%
13%
3%
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
3%
9%
9%
—

Balance Sheet

₹ Cr
ASAHISONG balance sheet, annual, ₹ crore
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
12
12
12
12
12
12
12
12
Reserves
181
189
215
230
207
224
243
260
Borrowings
62
22
50
87
180
197
167
143
Other Liabilities
54
55
112
138
147
138
162
182
Total Liabilities
309
278
389
468
545
570
584
596
Fixed Assets
150
129
213
235
275
306
305
292
CWIP
1
11
9
0
25
11
0
0
Investments
14
13
2
1
1
1
0
2
Other Assets
143
125
166
231
244
253
278
302
Total Assets
309
278
389
468
545
570
584
596

Cash Flow

₹ Cr
ASAHISONG cash flow, annual, ₹ crore
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
27
57
8
0
30
9
58
43
Investing
−3
−16
−60
−28
−77
−13
−5
−7
Financing
−24
−39
50
28
47
4
−49
−38
Net Cash Flow
0
2
−2
0
0
0
3
−2
Free Cash Flow
23
45
−61
−27
1
2
53
38
CFO/EBITDA
85
174
35
28
637
43
118
105

Ratios

ASAHISONG financial ratios, annual
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
68
71
101
80
77
105
96
94
Inventory Days
132
62
114
151
83
103
87
129
Days Payable
66
51
98
104
79
96
110
137
Cash Conversion Cycle
134
82
117
127
82
111
72
85
Working Capital Days
77
99
90
74
12
25
27
37
ROCE %
—
11%
15%
7%
−1%
1%
9%
8%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Asahi Songwon Colors insights

65 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 67.08%
  • Public 19.49%
  • Others 12.77%
  • DIIs 0.41%
  • FIIs 0.24%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Asahi Songwon Colors

What does Asahi Songwon Colors Ltd do?
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.
Where is Asahi Songwon Colors Ltd (ASAHISONG) listed?
Asahi Songwon Colors Ltd trades as ASAHISONG on the NSE and under code 532853 on the BSE.
Which sector does Asahi Songwon Colors Ltd belong to?
Asahi Songwon Colors Ltd is classified under the Chemicals sector, in the Dyes & Pigments industry.
What is the PE ratio of Asahi Songwon Colors Ltd?
Asahi Songwon Colors Ltd trades at a PE ratio of 12.57 as of 4 Nov 2026, on earnings per share of ₹29.54, against a book value of ₹230.24 per share.
What is the 52-week high and low of Asahi Songwon Colors Ltd?
Over the last 52 weeks Asahi Songwon Colors Ltd has traded between ₹179.64 and ₹413.95 as of 4 Nov 2026.
Does Asahi Songwon Colors Ltd pay dividends?
Asahi Songwon Colors Ltd has a dividend yield of 0.40%.
What is the Return on Equity (ROE) of Asahi Songwon Colors Ltd?
Asahi Songwon Colors Ltd reported a return on equity of 7.14%. Its debt-to-equity ratio is 0.53.

Company Information

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.

Website asahisongwon.com
CEO Ms. Paru Mrugesh Jaykrishna B.A., LL.B., M.A.
Employees 122
Listed 29 Aug 2011
Face Value ₹10

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