Asahi Songwon Colors
ASAHISONG NSE
Asahi Songwon Colors
ChemicalsNSE: ASAHISONG BSE: 532853 Dyes & Pigments
Key Fundamentals
MicrocapDyes & PigmentsChemicalsMarket Cap
₹421 Cr
Volatility
Moderate
P/E Ratio
12.32
EBITDA
₹49.83 Cr
Return on Equity
5.97%
Debt to Equity
0.53
Book Value
₹230.25
52W High
₹413.95
52W Low
₹179.64
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Weaknesses
2- Company has a low return on equity of 4.95% over last 3 years.
- Company might be capitalizing the interest cost
Growth Rate
Revenue Growth
-5.46% lower than
3Y
Net Income Growth
-2.72% lower than
3Y
Cash Flow Change
563% higher than
3Y
ROE
1.53% lower than
3Y
ROCE
33.65%
EBITDA Margin (Avg.)
-13.55% lower than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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 in Rs | -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
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| 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 in Rs | 14.88 | 18.98 | 26.78 | 16.1 | -9.88 | 17.01 | 16.76 | 15.92 | 29.54 |
| Div. Payout % | 20% | 16% | 13% | 3% | -5% | 3% | 9% | 9% | — |
Balance Sheet
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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/OP | 85 | 174 | 35 | 28 | 637 | 43 | 118 | 105 |
Ratios
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Asahi Songwon Colors insights
61 extracted metrics + investor summaries across FY10–FY26.
Documents
1
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
9 Apr - Company says SEBI large corporate norms not applicable; outstanding borrowing was Rs 64.70 crore on 31 March 2026. 9 Apr - Company says SEBI large corporate norms not applicable; outstanding borrowing was Rs 64.70 crore on 31 March 2026.
2
Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
9 Apr - Mr. Pratik Shah resigns as CFO effective April 9, 2026, for personal reasons. 9 Apr - Mr. Pratik Shah resigns as CFO effective April 9, 2026, for personal reasons.
3
Announcement under Regulation 30 (LODR)-Credit Rating
8 Apr - CARE reaffirmed Asahi Songwon’s bank facility ratings; outlook remains Positive. 8 Apr - CARE reaffirmed Asahi Songwon’s bank facility ratings; outlook remains Positive.
4
Announcement under Regulation 30 (LODR)-Change in Management
8 Apr - Sudhin Bhagwandas Choksey resigned as independent director effective April 4, 2026. 8 Apr - Sudhin Bhagwandas Choksey resigned as independent director effective April 4, 2026.
5
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Apr - Asahi Songwon Colors Limited has informed Exchange about the Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 8 Apr - Asahi Songwon Colors Limited has informed Exchange about the Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018
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. The company has ventured into manufacturing of yellow, red and orange (AZO) p...
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 market capitalisation of Asahi Songwon Colors Ltd?
Asahi Songwon Colors Ltd has a market capitalisation of ₹420.69 Cr, which places it in the Small Cap band.
What is the PE ratio of Asahi Songwon Colors Ltd?
Asahi Songwon Colors Ltd trades at a PE ratio of 12.32, against a book value of ₹230.25 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.
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 5.97%. 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.[1]
Website asahisongwon.com
CEO Ms. Paru Mrugesh Jaykrishna B.A., LL.B., M.A.
Employees 122
Listed 2011-08-29
Face Value ₹ 10
Issued Size 1,17,87,262
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