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Asahi Songwon Colors Limited

Asahi Songwon Colors Limited

NSE: ASAHISONG
Specialty ChemicalsBasic MaterialsSMALL CAPMCap ₹460.8 Cr
₹390.95₹16.25 (+4.34%)

Market Closed • NSE

Market cap₹460.8 Cr
Enterprise value₹606.4 Cr
P/E TTM13.23
P/B1.70
EPS TTM₹29.56
ROCE8.50%
D/E0.48
Dividend yield0.00%
Face value₹10.00
52W high₹413.95
52W low₹179.64
Price chart(1Y)
1Y Return:+51.93% (+₹133.63)
H: ₹413.95L: ₹247.75
1W+3.14%
1M+7.07%
3M+45.47%
6M+65.33%
1Y+42.73%
Today at a glance

Day range

₹376.05₹392.00

52 week range

₹179.64₹413.95
Volume7.3K0.70x 20D avg
Free float50.00%-30.20% volume

Asahi Songwon Colors Limited closed at INR390.95 (+4.34%) on volume 0.7x its 20-day average, trading 5.56% below its 52-week high.

Technical analysis
RSI (14)57.0Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹16.79High
SMA 20₹379.19BULLISH
SMA 50₹370.22BULLISH
SMA 100₹327.00BULLISH
SMA 200₹278.13BULLISH
CPR bottom₹370.58
Pivot₹371.95
CPR top₹373.33
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved +72.7% QoQ

2026-09-23

DIVIDEND Announced

Dividend - Rs 1.50 Per Share

2025-09-04

DIVIDEND Announced

Dividend - Rs 1.50 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹143.2 Cr₹460.8 Cr31.08%≤ 33%PASS
Non-halal income ratio–₹535.5 Cr0.00%≤ 5%PASS
Illiquid assets ratio₹600.8 Cr₹603.0 Cr99.64%≥ 20%PASS
Receivables ratio–₹603.0 Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E13.2321.90
Forward P/E——
P/B1.702.20
EV/EBITDA—18.00
PEG—1.00
Earnings yield7.604.60
Growth & profitability
RevenuePAT
FY25PAT margin 3.50%
FY26PAT margin 3.50%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y-1.60%
Revenue CAGR 5Y-1.00%
PAT CAGR 3Y-1.70%
PAT CAGR 5Y+2.00%
Operating margin14.37%
Net margin6.06%
Financial health & cash flow
Net debt₹141.0 CrModerate
Interest coverage2.50xEBIT / interest
CFO / PAT2.36x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹43.2 Cr
Capital expenditure–
Free cash flow₹37.7 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall73/100
Valuation75/100
Profitability65/100
Financial health80/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Low Debt Profile: Debt-to-Equity is comfortable at 0.48x

High Cash Flow Conversion: CFO/PAT averaged 2.36x over last 3 years

Attractive Valuation: P/E of 13.2x trades below sector historical averages

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Specialty Chemicals.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

70%47%23%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
0.36%Institutional holding
32.64%Public holding
5Periods available
0.00%Promoter pledged
9.73KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
23 Sept 2026Dividend₹1.50 / share—23 Sept 2026
05 Sept 2025Dividend₹1.50 / share—04 Sept 2025
—Dividend₹0.50 / share—20 Sept 2024
—Dividend₹0.50 / share—21 Sept 2023
—DividendAnnual General Meeting/Dividend - Rs Per Share—22 Sept 2022
03 Jun 2022BuybackBuyback—02 Jun 2022
—Dividend₹3.50 / share—21 Sept 2021
20 Nov 2020BuybackBuyback—19 Nov 2020
—Annual General MeetingAnnual General Meeting—22 Sept 2020
05 Mar 2020Dividend₹3.00 / share—04 Mar 2020
—Dividend₹3.00 / share—19 Sept 2019
—Dividend₹3.00 / share—19 Sept 2018
—Annual General MeetingAnnual General Meeting—05 Sept 2017
25 Mar 2017Dividend₹3.00 / share—23 Mar 2017
—Annual General MeetingAnnual General Meeting—19 Sept 2016
23 Mar 2016Dividend₹2.00 / share—22 Mar 2016
—Dividend₹3.50 / share—23 Sept 2015
03 Feb 2015DemergerDemerger—02 Feb 2015
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
UltraTech Cement Limited
UltraTech Cement LimitedULTRACEMCO
Open analysis
₹3.21L37.592.21%₹25,799.47₹2,982.76+11.86%+20.17%
JSW Steel Limited
JSW Steel LimitedJSWSTEEL
Open analysis
₹2.97L12.050.59%₹47,364.00₹4,651.00+11.55%+112.96%
Hindustan Zinc Limited
Hindustan Zinc LimitedHINDZINC
Open analysis
₹2.28L13.372.07%₹13,687.00₹5,425.00+77.22%+146.14%
Asian Paints Limited
Asian Paints LimitedASIANPAINT
Open analysis
₹2.24L46.941.17%₹10,541.94₹1,539.25+17.94%+39.96%
Tata Steel Limited
Tata Steel LimitedTATASTEEL
Open analysis
₹2.19L19.832.27%₹60,794.00₹2,385.00+14.32%+18.83%
Hindalco Industries Limited
Hindalco Industries LimitedHINDALCO
Open analysis
₹2.02L12.320.56%₹84,825.00₹7,013.00+32.06%+75.15%
Grasim Industries Limited
Grasim Industries LimitedGRASIM
Open analysis
₹1.98L34.820.35%₹11,794.71₹246.65-70.60%-82.61%
Solar Industries India Limited
Solar Industries India LimitedSOLARINDS
Open analysis
₹1.81L90.930.06%₹3,668.00₹666.00+70.29%+88.67%
About Asahi Songwon Colors Limited
Asahi Songwon Colors Limited

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]

IndiaBasic Materials

Questions investors ask
Is Asahi Songwon Colors Limited Shariah compliant?

Asahi Songwon Colors Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (31.08%) complies with AAOIFI threshold (≤ 33%).

What is Asahi Songwon Colors Limited's current valuation relative to peers?

Asahi Songwon Colors Limited trades at a P/E of 13.2x compared to the sector median of 21.9x, and a Price-to-Book of 1.7x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.48x. Interest coverage is 2.5x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at -1% while net profit growth averaged 2%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.