Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 2:37 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532853 | NSE: ASAHISONG

Asahi Songwon Colors Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹218.67Fairly Valued by 8.79%vs CMP ₹201.00

P/E (15.2) × ROE (8.2%) × BV (₹219.00) × DY (0.75%)

₹243.47Undervalued by 21.13%vs CMP ₹201.00
MoS: +17.4% (Adequate)Confidence: 43/100 (Low)Models: 4 Under, 2 Fair, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹210.0526%Fair (+4.5%)
Graham NumberEarnings₹254.7518%Under (+26.7%)
DCFCash Flow₹0.2315%Over (-99.9%)
Net Asset ValueAssets₹218.818%Fair (+8.9%)
EV/EBITDAEnterprise₹524.9710%Under (+161.2%)
Earnings YieldEarnings₹131.708%Over (-34.5%)
ROCE CapitalReturns₹388.318%Under (+93.2%)
Revenue MultipleRevenue₹476.636%Under (+137.1%)
Consensus (8 models)₹243.47100%Undervalued
Key Drivers: Wide model spread (₹0–₹525) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -3.9%

*Investments are subject to market risks

Investment Snapshot

66
Asahi Songwon Colors Ltd scores 66/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health63/100 · Moderate
ROCE 9.2% AverageROE 8.2% AverageD/E 0.19 Low debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 67.0% Stable
Earnings Quality65/100 · Strong
OPM expanding (5% → 7%) Improving
Quarterly Momentum80/100 · Strong
Revenue (4Q): +11% YoY GrowingProfit (4Q): +114% YoY Strong
Industry Rank65/100 · Strong
P/E 15.2 vs industry 166.4 Cheaper than peersROCE 9.2% vs industry 10.9% Average3Y sales CAGR: 11% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:37 am

Market Cap 237 Cr.
Current Price 201
Intrinsic Value₹243.47
High / Low 492/179
Stock P/E15.2
Book Value 219
Dividend Yield0.75 %
ROCE9.17 %
ROE8.15 %
Face Value 10.0
PEG Ratio-3.86

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Asahi Songwon Colors Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Asahi Songwon Colors Ltd 237 Cr. 201 492/17915.2 2190.75 %9.17 %8.15 % 10.0
Poddar Pigments Ltd 221 Cr. 208 354/20114.6 3461.92 %8.60 %6.43 % 10.0
Dynemic Products Ltd 255 Cr. 205 416/19114.3 1880.00 %10.0 %7.04 % 10.0
Mahickra Chemicals Ltd 175 Cr. 215 224/10383.2 45.10.09 %9.86 %7.33 % 10.0
Hindprakash Industries Ltd 134 Cr. 117 176/10787.1 43.90.00 %6.96 %3.32 % 10.0
Industry Average1,057.00 Cr238.70166.44186.930.49%10.89%9.02%8.13

All Competitor Stocks of Asahi Songwon Colors Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 126.3093.87123.78102.7995.33102.15125.97134.28141.61133.72152.75149.88120.90
Expenses 120.0296.17132.27103.6889.9397.18117.19120.55128.12121.84135.68139.34111.40
Operating Profit 6.28-2.30-8.49-0.895.404.978.7813.7313.4911.8817.0710.549.50
OPM % 4.97%-2.45%-6.86%-0.87%5.66%4.87%6.97%10.22%9.53%8.88%11.18%7.03%7.86%
Other Income 1.200.362.140.6526.560.490.720.781.021.640.611.461.65
Interest 3.513.823.893.172.962.743.673.964.314.363.843.142.85
Depreciation 3.673.733.833.823.834.034.544.524.814.794.664.644.69
Profit before tax 0.30-9.49-14.07-7.2325.17-1.311.296.035.394.379.184.223.61
Tax % 430.00%-5.37%-17.06%-19.09%9.77%62.60%29.46%27.53%38.78%47.37%25.05%38.86%41.83%
Net Profit -0.99-8.98-11.68-5.8522.71-2.120.914.373.312.306.872.592.09
EPS in Rs 1.01-6.24-8.69-3.9520.00-0.871.834.393.262.636.482.681.91

Last Updated: January 13, 2026, 1:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 10:16 am

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 294284283411505426562544
Expenses 253249233379499408506497
Operating Profit 403450325185747
OPM % 14%12%18%8%1%4%10%9%
Other Income -114662844
Interest 542514131613
Depreciation 8891215161919
Profit before tax 26234421-18182520
Tax % 30%2%27%30%4%13%33%
Net Profit 18233215-18161714
EPS in Rs 14.8818.9826.7816.10-9.8817.0116.7613.17
Dividend Payout % 20%16%13%3%-5%3%9%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)27.78%39.13%-53.12%-220.00%188.89%6.25%
Change in YoY Net Profit Growth (%)0.00%11.35%-92.26%-166.88%408.89%-182.64%

Asahi Songwon Colors Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2019-2020 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:15%
3 Years:11%
TTM:26%
Compounded Profit Growth
10 Years:%
5 Years:-3%
3 Years:1%
TTM:146%
Stock Price CAGR
10 Years:10%
5 Years:6%
3 Years:-2%
1 Year:-45%
Return on Equity
10 Years:%
5 Years:5%
3 Years:1%
Last Year:8%

Last Updated: September 4, 2025, 11:45 pm

Balance Sheet

Last Updated: December 10, 2025, 2:23 am

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 1212121212121212
Reserves 181189215230207224243246
Borrowings 62225087180197167141
Other Liabilities 5455112138147138162168
Total Liabilities 309278389468545570584567
Fixed Assets 150129213235275306305299
CWIP 11190251100
Investments 1413211100
Other Assets 143125166231244253278267
Total Assets 309278389468545570584567

Reserves and Borrowings Chart

Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 27578-030958
Cash from Investing Activity + -3-16-60-28-77-13-5
Cash from Financing Activity + -24-395028474-49
Net Cash Flow 02-2-00-03
Free Cash Flow 2345-61-271253
CFO/OP 85%174%35%28%637%43%118%

Free Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-22.0012.000.00-55.00-175.00-179.00-110.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 6871101807710596
Inventory Days 132621141518310386
Days Payable 6651981047996110
Cash Conversion Cycle 134821171278211172
Working Capital Days 77999074122527
ROCE %11%15%7%-1%1%9%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 66.73%66.73%66.73%66.77%66.77%66.77%66.83%66.83%66.83%66.83%67.00%67.00%
FIIs 0.02%0.00%0.00%0.17%0.10%0.07%0.07%0.00%0.00%0.00%0.08%0.00%
DIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.21%0.00%0.00%0.00%0.03%0.30%
Public 33.25%33.28%33.27%33.05%33.13%33.16%32.89%33.17%33.17%33.16%32.90%32.71%
No. of Shareholders 11,07110,35310,39110,3949,0309,05310,0709,8529,7729,7649,76410,141

Shareholding Pattern Chart

No. of Shareholders

Asahi Songwon Colors Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 16.7617.01-9.8316.1026.29
Diluted EPS (Rs.) 16.7617.01-9.8316.1029.29
Cash EPS (Rs.) 30.2327.03-3.0622.1233.79
Book Value[Excl.RevalReserv]/Share (Rs.) 216.37199.86220.62236.49228.07
Book Value[Incl.RevalReserv]/Share (Rs.) 216.37199.86220.62236.49228.07
Revenue From Operations / Share (Rs.) 477.09361.61428.05345.36235.36
PBDIT / Share (Rs.) 51.0817.889.4531.2341.42
PBIT / Share (Rs.) 35.164.11-3.1621.2934.20
PBT / Share (Rs.) 21.1915.19-15.0517.3636.28
Net Profit / Share (Rs.) 14.3013.27-15.6712.1826.56
NP After MI And SOA / Share (Rs.) 16.7617.01-9.8816.1026.78
PBDIT Margin (%) 10.704.942.209.0417.59
PBIT Margin (%) 7.361.13-0.736.1614.52
PBT Margin (%) 4.444.20-3.515.0215.41
Net Profit Margin (%) 2.993.66-3.663.5211.28
NP After MI And SOA Margin (%) 3.514.70-2.304.6611.37
Return on Networth / Equity (%) 7.748.50-5.327.9814.15
Return on Capital Employeed (%) 11.401.35-1.107.7813.77
Return On Assets (%) 3.343.48-2.134.128.27
Long Term Debt / Equity (X) 0.220.290.250.110.03
Total Debt / Equity (X) 0.640.830.820.360.19
Asset Turnover Ratio (%) 0.960.760.991.040.91
Current Ratio (X) 1.211.151.121.621.79
Quick Ratio (X) 0.830.750.710.861.26
Inventory Turnover Ratio (X) 6.553.553.524.474.51
Dividend Payout Ratio (NP) (%) 2.982.94-5.0521.740.00
Dividend Payout Ratio (CP) (%) 1.521.6218.3213.440.00
Earning Retention Ratio (%) 97.0297.06105.0578.260.00
Cash Earning Retention Ratio (%) 98.4898.3881.6886.560.00
Interest Coverage Ratio (X) 3.661.680.797.9525.66
Interest Coverage Ratio (Post Tax) (X) 2.020.20-0.314.1015.16
Enterprise Value (Cr.) 577.47606.46430.98468.11470.96
EV / Net Operating Revenue (X) 1.031.420.851.131.66
EV / EBITDA (X) 9.5928.7838.6812.469.45
MarketCap / Net Operating Revenue (X) 0.690.890.430.821.35
Retention Ratios (%) 97.0197.05105.0578.250.00
Price / BV (X) 1.531.621.001.411.68
Price / Net Operating Revenue (X) 0.690.890.430.821.35
EarningsYield 0.050.05-0.050.050.08

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Asahi Songwon Colors Ltd. is a Public Limited Listed company incorporated on 10/12/1990 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L24222GJ1990PLC014789 and registration number is 014789. Currently Company is involved in the business activities of Manufacture of dyes and pigments from any source in basic form or as concentrate. Company's Total Operating Revenue is Rs. 390.22 Cr. and Equity Capital is Rs. 11.79 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Dyes & Pigments�Asahi House�, 20, Times Corporate Park, Ahmedabad Gujarat 380059Contact not found
Management
NamePosition Held
Mrs. Paru M JaykrishnaChairperson & Managing Director
Mr. Gokul M JaykrishnaJoint Managing Director & CEO
Mr. Arjun Gokul JaykrishnaExecutive Director
Mr. Mitesh PatelExecutive Director
Mr. Samvegbhai Arvindbhai LalbhaiIndependent Director
Mr. Sudhin Bhagwandas ChokseyIndependent Director
Mr. Anil JainIndependent Director
Mrs. Shivani Revat LakhiaIndependent Director

FAQ

What is the intrinsic value of Asahi Songwon Colors Ltd and is it undervalued?

As of 03 April 2026, Asahi Songwon Colors Ltd's intrinsic value is ₹243.47, which is 21.13% higher than the current market price of ₹201.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (8.15 %), book value (₹219), dividend yield (0.75 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Asahi Songwon Colors Ltd?

Asahi Songwon Colors Ltd is trading at ₹201.00 as of 03 April 2026, with a FY2026-2027 high of ₹492 and low of ₹179. The stock is currently near its 52-week low. Market cap stands at ₹237 Cr..

How does Asahi Songwon Colors Ltd's P/E ratio compare to its industry?

Asahi Songwon Colors Ltd has a P/E ratio of 15.2, which is below the industry average of 166.44. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Asahi Songwon Colors Ltd financially healthy?

Key indicators for Asahi Songwon Colors Ltd: ROCE of 9.17 % is on the lower side compared to the industry average of 10.89%. Dividend yield is 0.75 %.

Is Asahi Songwon Colors Ltd profitable and how is the profit trend?

Asahi Songwon Colors Ltd reported a net profit of ₹17 Cr in Mar 2025 on revenue of ₹562 Cr. Compared to ₹15 Cr in Mar 2022, the net profit shows an improving trend.

Does Asahi Songwon Colors Ltd pay dividends?

Asahi Songwon Colors Ltd has a dividend yield of 0.75 % at the current price of ₹201.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Asahi Songwon Colors Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
Explore Industry-wise Stock Analysis Reports