Asahi Songwon Color Ltd
NSE: ASAHISONG · Dyes And Pigments · sector
₹346.30NSE close 2026-10-26
Key numbers
Market cap₹408 cr
Price₹346.30
52w high / low₹414 / ₹180
P/E11.7xSector median 17.5x
P/B1.5xSector median 1.5x
Book value₹230.2
Dividend yield0.44%Sector median 0.44%
ROE13.2%Sector median 10.0%
ROCE14.2%Sector median 11.3%
OPM12.4%Sector median 10.2%
Debt / equity0.52xSector median 0.21x
EV/EBITDA7.7xSector median 10.8x
Interest cover5.0x
Current ratio1.25x
Sales growth 3y+2.0%Sector median +4.5%
Profit growth 3y–Sector median +7.9%
PEG0.12x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 11 companies in Dyes And Pigments (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹5 cr vs borrowings ₹141 cr (FY26): borrowings are higher by ₹136 cr.
- Operating profit covered interest 5.0x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 2 of the last 5 years (FY24, FY22).
- Revenue was higher than a year earlier in 1 of the last 4 quarters.
- Other income was 17% of net profit in the last 12 months.
- Debtor days went from 105 (FY24) to 94 (FY26).
- Dividend paid in 4 of the last 5 financial years.
- Price ₹346.30 on 2026-10-26: -16.3% from the 52-week high, +92.8% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹467.90 · low ₹187.28
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 142 | 134 | 153 | 150 | 121 | 121 | 144 | 189 |
| EBITDA | 13 | 12 | 17 | 11 | 9 | 10 | 20 | 32 |
| OPM % | 9.5% | 8.9% | 11.2% | 7.0% | 7.8% | 8.5% | 13.6% | 16.8% |
| Other income | 1 | 2 | 1 | 1 | 2 | 0 | 3 | 1 |
| Net profit | 4 | 3 | 8 | 3 | 2 | 2 | 11 | 19 |
| EPS (₹) | 3.26 | 2.63 | 6.48 | 2.68 | 1.91 | 2.11 | 9.22 | 16.32 |
| Revenue YoY | -14.6% | -9.8% | -5.7% | +26.0% | ||||
| Profit YoY | -41.4% | -20.0% | +42.3% | +502.2% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 415 | 505 | 426 | 562 | 535 | 574 |
| EBITDA | 37 | 5 | 44 | 56 | 50 | 71 |
| Net profit | 19 | -12 | 20 | 20 | 19 | 35 |
| EPS (₹) | 16.10 | -9.83 | 17.01 | 16.76 | 15.92 | 29.56 |
| Revenue growth | +21.5% | -15.5% | +31.9% | -4.8% | -0.6% | |
| Profit growth | -160.2% | – | -1.5% | -5.0% | +95.2% | |
| Dividend / share (₹) | 3.50 | – | 0.50 | 0.50 | 1.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +2.0% | +13.6% | -0.6% |
| Net profit | – | -10.2% | +95.2% |
| EPS | – | -9.5% | – |
| Share price | – | -7.5% (2y) | +30.9% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 219 | 236 | 255 | 271 |
| Borrowings | – | 180 | 197 | 165 | 141 |
| Cash & equivalents | – | 9 | 3 | 6 | 5 |
| Total assets | – | 547 | 575 | 590 | 603 |
| Fixed assets | – | 247 | 278 | 277 | 264 |
| Capital work in progress | – | 25 | 11 | 0 | 0 |
| Investments | – | 1 | 0 | 0 | 2 |
| Receivables | – | 107 | 122 | 148 | 138 |
| Inventory | – | 86 | 85 | 87 | 125 |
| Payables | – | 81 | 80 | 110 | 133 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 9 | 34 | 8 | 58 | 43 |
| Cash from investing | -38 | -81 | -12 | -5 | -7 |
| Cash from financing | 28 | 47 | 4 | -49 | -38 |
| Capex | 28 | 31 | 53 | 6 | 6 |
| Free cash flow | -19 | 2 | -46 | 52 | 38 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | -5.3% | 8.5% | 7.7% | 6.9% |
| ROCE % | – | -0.9% | 7.0% | 9.9% | 9.2% |
| Debtor days | – | 77 | 105 | 96 | 94 |
| Inventory days | – | 82 | 102 | 85 | 127 |
| Payable days | – | 78 | 95 | 109 | 135 |
| Cash conversion cycle (days) | – | 81 | 112 | 72 | 86 |
| Working capital days | – | 18 | 27 | 31 | 41 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 67.08% |
| FIIs | 0.24% |
| DIIs | 0.41% |
| Public (non-institutions) | 32.27% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 66.83% | 66.83% | 66.83% | 67.00% | 67.00% | 67.00% | 67.00% | 67.08% |
| Promoter group | % |
|---|---|
| Mrugesh Jaykrishna Family Trust - I | 43.93% |
| Gokul M. Jaykrishna Family Trust | 22.47% |
| Arjun Gokul Jaykrishna | 0.42% |
| Gokul M. Jaykrishna HUF | 0.17% |
| Gokul Mrugesh Jaykrishna | 0.08% |
| Public holders above 1% | % |
|---|---|
| DIC Corporation | 7.34% |
9,396 shareholders. Pledged: 0.00% of promoter shares.
Peers in Dyes And Pigments
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| SUDARSCHEM | ₹8,180 cr | 113.1x | 2.4x | 2.1% | 6.4% | 6.3% | +62.0% | 0.44% |
| KIRIINDUS | ₹3,097 cr | 0.5x | 0.5x | 120.8% | 93.8% | 599.3% | -3.9% | – |
| BODALCHEM | ₹1,705 cr | 24.8x | 1.5x | 6.1% | 8.0% | 8.1% | +8.5% | 0.00% |
| SHREEPUSHK | ₹1,587 cr | 22.0x | 2.6x | 12.6% | 12.6% | 10.2% | +12.6% | 0.41% |
| BHAGERIA | ₹1,483 cr | 21.5x | 2.5x | 11.9% | 13.9% | 11.5% | +20.3% | 0.45% |
| ULTRAMAR | ₹1,078 cr | 11.7x | 1.2x | 10.0% | 13.3% | 16.9% | +12.7% | 1.63% |
| SUDARCOLOR | ₹814 cr | 17.0x | 1.4x | 8.7% | 11.3% | 6.8% | +0.6% | – |
| ASAHISONG | ₹408 cr | 11.7x | 1.5x | 13.2% | 14.2% | 12.4% | +2.0% | 0.44% |
| AKSHARCHEM | ₹311 cr | 10.8x | 1.1x | 10.4% | 8.8% | 10.6% | +3.6% | 0.22% |
| PODDARMENT | ₹267 cr | 17.5x | 0.8x | 4.3% | 6.2% | 6.0% | +3.2% | 1.59% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| PIGMENTS | ₹429 cr | 79.2% | ₹34 cr | 7.9% |
| API | ₹113 cr | 20.8% | ₹4 cr | 3.5% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-23 | Dividend | Dividend - Rs 1.50 Per Share |
| 2025-09-04 | Dividend | Dividend - Rs 1.50 Per Share |
| 2024-09-20 | Dividend | Annual General Meeting/Dividend - Re 0.50 Per Share |
| 2023-09-21 | Dividend | Annual General Meeting/Dividend - Re 0.50 Per Share |
| 2022-09-22 | Dividend | Annual General Meeting/Dividend - Rs Per Share |
| 2022-06-02 | Buyback | Buyback |
| 2021-09-21 | Dividend | Annual General Meeting/ Dividend Rs 3.50 Per Share |
| 2020-11-19 | Buyback | Buyback |
| 2020-09-22 | Other | Annual General Meeting |
| 2020-03-04 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2019-09-19 | Dividend | Annual General Meeting/Dividend - Rs 3 Per Share |
| 2018-09-19 | Dividend | Annual General Meeting/Dividend- Rs 3 Per Share |
| 2017-09-05 | Other | Annual General Meeting |
| 2017-03-23 | Dividend | Interim Dividend Rs 3/- Per Share (Purpose Revised) |
| 2016-09-19 | Other | Annual General Meeting |
| 2016-03-22 | Dividend | Interim Dividend - Rs 2/- Per Share (Purpose Revised) |
| 2015-09-23 | Dividend | Annual General Meeting/ Dividend - Rs 3.50/- Per Share |
| 2015-02-02 | Restructuring | Demerger |
| 2014-09-16 | Dividend | Annual General Meeting / Final Dividend - Rs 3.50/- Per Share |
| 2013-09-17 | Dividend | Annual General Meeting/Dividend Rs 3.50/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Commodities |
| Industry | Dyes And Pigments |
| Sub-industry | Dyes And Pigments |
| Symbol | ASAHISONG |
| BSE code | 532853 |
| ISIN | INE228I01012 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.