WEBSITE BSE:532853 NSE : ASAHI SONG 10 May, 16:01
Market Cap ₹424 Cr.
Stock P/E 55.4
P/B 1.8
Current Price ₹359.7
Book Value ₹ 199.9
Face Value 10
52W High ₹402
Dividend Yield 0.14%
52W Low ₹ 186.2
Asahi Songwon Colors Ltd is engaged inside the enterprise of producing and export of colour pigments. The Company is a producer of phthalocyanine pigments (Blue) and derivatives in India. The Company manufactures phthalo pigments, comprising Copper Phthalocyanine crude (CPC) blue crude and a number of beta blue pigments. It is also engaged in power generation and trading activity. The Company's products include Pigment Alfa Blue 15.0, Pigment Alfa Blue 15:1, Pigment Beta Blue 15:3 and Pigment Blue 15.4. Its phthalocyanine pigments are used inside the manufacture of printing inks, paints, plastics, textiles and paper industries. The Company's production facilities are situated at Vadodara, production CPC blue crude and a variety of blue pigments (Blue Activated Blue, Beta 15.4 and Alpha Blue) with an capability of 11,400 tons/annum.
Price goes above X
Price falls below X
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PE falls below X
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| #(Fig in Cr.) | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 95 | 100 | 122 | 161 | 126 | 94 | 124 | 103 | 95 | 102 |
| Other Income | 0 | 0 | 2 | 3 | 1 | 0 | 2 | 1 | 1 | 0 |
| Total Income | 95 | 100 | 124 | 163 | 128 | 94 | 126 | 103 | 96 | 103 |
| Total Expenditure | 85 | 92 | 115 | 151 | 120 | 96 | 132 | 104 | 90 | 97 |
| Operating Profit | 10 | 8 | 9 | 12 | 7 | -2 | -6 | -0 | 6 | 5 |
| Interest | 1 | 1 | 1 | 3 | 4 | 4 | 4 | 3 | 3 | 3 |
| Depreciation | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26 | 0 |
| Profit Before Tax | 6 | 4 | 4 | 6 | 0 | -9 | -14 | -7 | 25 | -1 |
| Provision for Tax | 2 | 2 | 1 | 2 | 1 | -1 | -2 | -1 | 2 | 1 |
| Profit After Tax | 5 | 2 | 3 | 3 | -1 | -9 | -12 | -6 | 23 | -2 |
| Adjustments | 1 | 1 | 1 | 2 | 2 | 2 | 1 | 1 | 1 | 1 |
| Profit After Adjustments | 6 | 3 | 5 | 5 | 1 | -7 | -10 | -5 | 24 | -1 |
| Adjusted Earnings Per Share | 4.7 | 2.8 | 3.9 | 4 | 1 | -6.2 | -8.7 | -4 | 20 | -0.9 |
| #(Fig in Cr.) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
|---|---|---|---|---|---|---|
| Net Sales | 294 | 284 | 283 | 411 | 505 | 424 |
| Other Income | 0 | 1 | 0 | 6 | 6 | 4 |
| Total Income | 294 | 284 | 283 | 416 | 510 | 428 |
| Total Expenditure | 254 | 249 | 234 | 379 | 499 | 423 |
| Operating Profit | 40 | 35 | 50 | 38 | 11 | 5 |
| Interest | 5 | 4 | 2 | 5 | 14 | 13 |
| Depreciation | 8 | 8 | 9 | 12 | 15 | 16 |
| Exceptional Income / Expenses | 0 | 0 | 4 | 0 | 0 | 26 |
| Profit Before Tax | 26 | 23 | 44 | 21 | -18 | 3 |
| Provision for Tax | 8 | 0 | 12 | 6 | 1 | 0 |
| Profit After Tax | 18 | 23 | 32 | 15 | -18 | 3 |
| Adjustments | 0 | -0 | 0 | 5 | 7 | 4 |
| Profit After Adjustments | 18 | 23 | 32 | 19 | -12 | 8 |
| Adjusted Earnings Per Share | 14.9 | 18.6 | 26.8 | 16.1 | -9.9 | 6.4 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 23% | 21% | 0% | 0% |
| Operating Profit CAGR | -71% | -32% | 0% | 0% |
| PAT CAGR | -220% | NAN% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 69% | -2% | 21% | 16% |
| ROE Average | -8% | 4% | 7% | 7% |
| ROCE Average | -1% | 9% | 10% | 10% |
| #(Fig in Cr.) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|
| Shareholder's Funds | 194 | 202 | 228 | 242 | 219 |
| Minority's Interest | 0 | 14 | 47 | 42 | 41 |
| Borrowings | 18 | 13 | 8 | 27 | 56 |
| Other Non-Current Liabilities | 21 | 13 | 17 | 16 | 18 |
| Total Current Liabilities | 77 | 37 | 91 | 141 | 211 |
| Total Liabilities | 309 | 278 | 389 | 468 | 545 |
| Fixed Assets | 150 | 129 | 213 | 235 | 275 |
| Other Non-Current Assets | 17 | 31 | 14 | 4 | 34 |
| Total Current Assets | 142 | 117 | 163 | 228 | 236 |
| Total Assets | 309 | 278 | 389 | 468 | 545 |
| #(Fig in Cr.) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 2 | 0 | 0 |
| Cash Flow from Operating Activities | 27 | 57 | 8 | -0 | 30 |
| Cash Flow from Investing Activities | -3 | -16 | -60 | -28 | -77 |
| Cash Flow from Financing Activities | -24 | -39 | 50 | 28 | 47 |
| Net Cash Inflow / Outflow | -0 | 2 | -2 | -0 | 0 |
| Closing Cash & Cash Equivalent | 0 | 2 | 0 | 0 | 1 |
| # | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 14.91 | 18.6 | 26.78 | 16.1 | -9.88 |
| CEPS(Rs) | 21.56 | 25.38 | 33.79 | 22.12 | -3.06 |
| DPS(Rs) | 3 | 3 | 3.5 | 0.5 | 0.5 |
| Book NAV/Share(Rs) | 157.75 | 164.29 | 189.16 | 201.47 | 185.44 |
| Core EBITDA Margin(%) | 13.46 | 12.13 | 17.49 | 7.78 | 1.05 |
| EBIT Margin(%) | 10.7 | 9.47 | 16.1 | 6.23 | -0.74 |
| Pre Tax Margin(%) | 8.94 | 8.2 | 15.42 | 5.08 | -3.52 |
| PAT Margin (%) | 6.23 | 8.05 | 11.29 | 3.57 | -3.66 |
| Cash Profit Margin (%) | 9.01 | 10.98 | 14.36 | 6.48 | -0.71 |
| ROA(%) | 5.92 | 7.78 | 9.58 | 3.42 | -3.65 |
| ROE(%) | 9.45 | 11.55 | 14.89 | 6.24 | -8.01 |
| ROCE(%) | 12.29 | 11.23 | 18.2 | 8.43 | -1.02 |
| Receivable days | 68.18 | 70.67 | 85.85 | 74.97 | 71.49 |
| Inventory Days | 77.38 | 58.84 | 50.24 | 68.78 | 69.57 |
| Payable days | 66.28 | 58.57 | 76.98 | 81.71 | 74.7 |
| PER(x) | 10.7 | 3.98 | 11.84 | 17.7 | 0 |
| Price/Book(x) | 1.01 | 0.45 | 1.68 | 1.41 | 1 |
| Dividend Yield(%) | 1.88 | 4.05 | 1.1 | 0.18 | 0.27 |
| EV/Net Sales(x) | 0.87 | 0.38 | 1.52 | 1.04 | 0.77 |
| EV/Core EBITDA(x) | 6.43 | 3.08 | 8.61 | 11.34 | 34.96 |
| Net Sales Growth(%) | 0 | -3.4 | -0.2 | 45.13 | 22.81 |
| EBIT Growth(%) | 0 | -14.48 | 69.66 | -43.82 | -114.54 |
| PAT Growth(%) | 0 | 24.77 | 39.95 | -54.14 | -226.06 |
| EPS Growth(%) | 0 | 24.76 | 44.01 | -39.9 | -161.4 |
| Debt/Equity(x) | 0.32 | 0.11 | 0.22 | 0.36 | 0.82 |
| Current Ratio(x) | 1.84 | 3.21 | 1.79 | 1.62 | 1.12 |
| Quick Ratio(x) | 1.04 | 2.41 | 1.26 | 0.87 | 0.71 |
| Interest Cover(x) | 6.07 | 7.47 | 23.48 | 5.42 | -0.27 |
| Total Debt/Mcap(x) | 0.32 | 0.24 | 0.13 | 0.26 | 0.82 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 66.64 | 66.64 | 66.64 | 66.73 | 66.73 | 66.73 | 66.73 | 66.73 | 66.77 | 66.77 |
| FII | 0.33 | 0.33 | 0.29 | 0.33 | 0.01 | 0.02 | 0 | 0 | 0.17 | 0.1 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 33.04 | 33.04 | 33.08 | 32.94 | 33.26 | 33.25 | 33.27 | 33.27 | 33.06 | 33.13 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.8 | 0.8 | 0.8 | 0.79 | 0.79 | 0.79 | 0.79 | 0.79 | 0.79 | 0.79 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.4 | 0.4 | 0.4 | 0.39 | 0.39 | 0.39 | 0.39 | 0.39 | 0.39 | 0.39 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.2 | 1.2 | 1.2 | 1.18 | 1.18 | 1.18 | 1.18 | 1.18 | 1.18 | 1.18 |
Pros
Cons
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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