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Last Updated on: 14 April, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Asahi Songwon Colors Ltd

About the Company - Asahi Songwon Colors Ltd

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. 405.65 Cr. and Equity Capital is Rs. 12.03 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Dyes & Pigments�Asahi House�, 20, Times Corporate Park, Ahmedabad Gujarat 380059cs@asahisongwon.com
http://www.asahisongwon.com
Management
NamePosition Held
Mrs. Paru M JaykrishnaChairperson & Managing Director
Mr. Gokul M JaykrishnaJoint Managing Director & CEO
Mr. Arjun Gokul JaykrishnaExecutive Director
Mr. R K SukhdevsinhjiDirector
Mr. Arvind GoenkaDirector
Mr. Jayprakash M PatelDirector
Dr. Pradeep JhaDirector
Mr. Munjal M JaykrishnaDirector
Mrs. Shivani Revat LakhiaDirector

Asahi Songwon Colors Ltd. Share Price Update

Share PriceValue
Today₹325.55
Previous Day₹332.60

Asahi Songwon Colors Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales62729097951001231631269412410395
Expenses5059778785921151511209613210490
Operating Profit121314101088126-2-8-15
OPM %19%18%15%11%11%8%7%7%5%-2%-7%-1%6%
Other Income11-100000102127
Interest0011111344433
Depreciation2223333444444
Profit before tax10129664460-9-14-725
Tax %25%26%35%30%28%41%22%42%430%5%17%19%10%
Net Profit89655233-1-9-12-623
EPS in Rs6.447.095.344.714.732.763.883.961.01-6.24-8.69-3.9520.00

Asahi Songwon Colors Ltd Quarterly Chart

Asahi Songwon Colors Ltd Profit & Loss

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales294284283411505416
Expenses253249233379499422
Operating Profit403450325-6
OPM %14%12%18%8%1%-1%
Other Income-1146630
Interest54251414
Depreciation889121515
Profit before tax26234421-18-6
Tax %30%2%27%30%-4%
Net Profit18233215-18-4
EPS in Rs14.8818.9826.7816.10-9.881.12
Dividend Payout %20%16%13%3%-5%

Asahi Songwon Colors Ltd Profit & Loss Yearly Chart

Asahi Songwon Colors Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:21%
TTM:-16%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-748%
Stock Price CAGR
10 Years:15%
5 Years:16%
3 Years:0%
1 Year:64%
Return on Equity
10 Years:%
5 Years:%
3 Years:5%
Last Year:-5%

Asahi Songwon Colors Ltd Balance Sheet

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital121212121212
Reserves181189215230207226
Borrowings62225087180154
Other Liabilities5455112138147144
Total Liabilities309278389468545536
Fixed Assets150129213235275250
CWIP111902561
Investments14132116
Other Assets143125166231244219
Total Assets309278389468545536

Asahi Songwon Colors Ltd Reserves and Borrowings Chart

Asahi Songwon Colors Ltd Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 27578-030
Cash from Investing Activity -3-16-60-28-77
Cash from Financing Activity -24-39502847
Net Cash Flow02-2-00

Asahi Songwon Colors Ltd Financial Efficiency Indicators

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days68711018077
Inventory Days1326211415183
Days Payable66519810479
Cash Conversion Cycle1348211712782
Working Capital Days126104145128101
ROCE %11%15%7%-1%

Asahi Songwon Colors Ltd Financial Efficiency Indicators Chart

Asahi Songwon Colors Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters66.64%66.64%66.64%66.64%66.64%66.64%66.73%66.73%66.73%66.73%66.73%66.77%
FIIs0.24%0.24%0.24%0.33%0.33%0.29%0.33%0.01%0.02%0.00%0.00%0.17%
Public33.12%33.12%33.12%33.04%33.04%33.08%32.95%33.26%33.25%33.28%33.27%33.05%
No. of Shareholders7,28610,45512,43013,08713,40624,02514,10513,86411,07110,35310,39110,394

Asahi Songwon Colors Ltd Shareholding Pattern Chart

No. of Asahi Songwon Colors Ltd Shareholders

This stock is not held by any mutual fund

Asahi Songwon Colors Ltd ROCE Trend

Asahi Songwon Colors Ltd EPS Trend

Asahi Songwon Colors Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-9.8316.1026.2918.6014.91
Diluted EPS (Rs.)-9.8316.1029.2918.6014.91
Cash EPS (Rs.)-3.0622.1233.7925.3821.56
Book Value[Excl.RevalReserv]/Share (Rs.)220.62236.49228.07175.73157.75
Book Value[Incl.RevalReserv]/Share (Rs.)220.62236.49228.07175.73157.75
Revenue From Operations / Share (Rs.)428.05345.36235.36231.12239.25
PBDIT / Share (Rs.)9.4531.2341.4228.6732.25
PBIT / Share (Rs.)-3.1621.2934.2021.8925.60
PBT / Share (Rs.)-15.0517.3636.2818.9621.38
Net Profit / Share (Rs.)-15.6712.1826.5618.6014.91
NP After MI And SOA / Share (Rs.)-9.8816.1026.7818.6014.91
PBDIT Margin (%)2.209.0417.5912.4013.47
PBIT Margin (%)-0.736.1614.529.4710.69
PBT Margin (%)-3.515.0215.418.208.93
Net Profit Margin (%)-3.663.5211.288.046.23
NP After MI And SOA Margin (%)-2.304.6611.378.046.23
Return on Networth / Equity (%)-5.327.9814.1511.329.45
Return on Capital Employeed (%)-1.107.7813.7711.1313.53
Return On Assets (%)-2.134.128.278.215.91
Long Term Debt / Equity (X)0.250.110.030.060.09
Total Debt / Equity (X)0.820.360.190.080.29
Asset Turnover Ratio (%)1.081.040.910.960.00
Current Ratio (X)1.121.621.793.211.84
Quick Ratio (X)0.710.861.262.411.04
Inventory Turnover Ratio (X)4.064.474.513.160.00
Dividend Payout Ratio (NP) (%)0.0021.740.0032.2520.12
Dividend Payout Ratio (CP) (%)0.0013.440.0023.6413.91
Earning Retention Ratio (%)0.0078.260.0067.7579.88
Cash Earning Retention Ratio (%)0.0086.560.0076.3686.09
Interest Coverage Ratio (X)0.797.9525.669.787.65
Interest Coverage Ratio (Post Tax) (X)-0.314.1015.167.344.54
Enterprise Value (Cr.)430.98468.11470.96117.14249.47
EV / Net Operating Revenue (X)0.851.131.660.410.84
EV / EBITDA (X)38.6812.469.453.336.30
MarketCap / Net Operating Revenue (X)0.430.821.350.320.66
Retention Ratios (%)0.0078.250.0067.7479.87
Price / BV (X)1.001.411.680.451.01
Price / Net Operating Revenue (X)0.430.821.350.320.66
EarningsYield-0.050.050.080.250.09

Asahi Songwon Colors Ltd Profitability Ratios (%)

Asahi Songwon Colors Ltd Liquidity Ratios

Asahi Songwon Colors Ltd Liquidity Ratios (%)

Asahi Songwon Colors Ltd Interest Coverage Ratios (%)

Asahi Songwon Colors Ltd Valuation Ratios

Strength and Weakness of Asahi Songwon Colors Ltd Stock

StrengthWeakness
  1. The company has higher reserves (208.00 cr) compared to borrowings (92.50 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (365.50 cr) and profit (15.00 cr) over the years.
  1. The stock has a low average ROCE of 6.40%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 120.80, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 108.40, which may not be favorable.
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About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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