ASAHISONGCommodities

Asahi Songwon Colors Limited

Dyes And Pigments · ISIN INE228I01012 · BSE 532853 · NSE BE · FV ₹10
Last price
₹365
+4.94%today
What this company does

Asahi Songwon Colors Limited operates in Dyes And Pigments, part of the Commodities sector. It booked ₹189 cr of revenue in its latest quarter (Q1 FY27) and kept 10.1% of sales as profit. It is the 7th largest of 9 Dyes And Pigments companies we track, by market value.

In the report:
69out of 100
Equitytale Health Score
Solid

Healthier than 69% of companies in Commodities, on all six measures of filed financials. Each measure is ranked against the 43–173 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
54

At close. Not part of the score.

Profitability & returns85

How much profit it earns on the money it employs

Balance sheet41

How much it owes, and whether earnings cover the interest

Cash quality64

Whether reported profit actually arrives as cash

Growth & consistency68

Whether sales and profit have grown, and how steadily

Valuation64

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 26% vs last year
Profit up 502% vs last year
Promoters hold 67%
No promoter shares pledged
Strong 28% return on equity
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in ASAHISONG?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹365 +4.94%
latest close · 2026-09-17
1-year return
+8.5%
52-wk low ₹23052-wk high ₹414
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio5.6Low
LowAverageHigh
P/B ratio1.59Moderate
Below bookModerateHigh
EV / EBITDA4.4Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity28.0%Strong
WeakFairStrong ▸15%
Return on capital30.8%Strong
WeakFairStrong
Net margin10.1%Decent
ThinDecentStrong
EBITDA margin17.3%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.47Comfortable
LowModerateHigh ▸1
Interest cover10.8×Strong
RiskyOkayStrong ▸5×
Current ratio1.25Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹430 cr
Book value
₹230
EPS
₹16.32
latest quarter
Net debt
₹139 cr
owes more than its cash
Enterprise value
₹569 cr
EBITDA
₹130 cr
annualised
EBIT
₹112 cr
annualised
Operating margin
14.8%
Return on assets
12.6%
Earnings yield
17.88%
P/S
0.57
Sales / share
₹641.0
Tax rate
24.9%
Face value
₹10
Shares
1.2 cr
Working capital
₹60 cr
Current assets
₹299 cr
Current liabilities
₹240 cr
Delivery %
50.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹294 vs market price ₹365 — price is 24% above it
Safety cushion-24.0%(target ≥ +20%)
Models span ₹264₹325, midpoint ₹294
Model ₹294
Price ₹365
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹189 cr
Other Income₹79.5 L
Total Income₹190 cr
Cost of Materials₹102 cr
Purchases of Stock-in-Trade₹41.1 L
Inventory Change (±)₹18 cr
Employee Benefit Expense₹7 cr
Finance Costs₹3 cr
Depreciation & Amortisation₹5 cr
Other Expenses₹30 cr
Total Expenses₹164 cr
Profit before Tax₹25 cr
Tax Expense₹6 cr
Net Profit₹19 cr
Net margin on total income10.0%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹121 cr63.6%
Employee benefit expense₹7 cr3.6%
Finance costs₹3 cr1.4%
Depreciation & amortisation₹5 cr2.5%
Other expenses₹30 cr15.7%
Tax expense₹6 cr3.3%
Profit for the period₹19 cr10.0%
Total income ₹190 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue121 cr144 cr189 cr
Total income121 cr148 cr190 cr
Expenses118 cr132 cr164 cr
Profit before tax3 cr15 cr25 cr
Tax39.3 L4 cr6 cr
Net profit (owners' share)2 cr11 cr19 cr
Net margin (owners' share, on revenue)2.1%7.5%10.1%
EPS (₹)2.119.2216.32
YoY (latest quarter): total income +25.3% · net profit +501.5%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹603 cr
Shareholder equity
₹271 cr
parent shareholders
Total debt
₹141 cr
Cash
₹2 cr
Cash flow · H1 FY26
Operating
₹36 cr
Investing
₹-5 cr
Financing
₹-34 cr
Peer comparison
Dyes And Pigments · by market value
CompanyPriceMarket capP/E
Sudarshan Chemical Industries Limited₹1,205₹9,583 cr24.5
Kiri Industries Limited₹535₹3,489 cr3.0
Bodal Chemicals Limited₹182₹2,294 cr18.9
Shree Pushkar Chemicals & Fertilisers Limited₹513₹1,657 cr18.1
Bhageria Industries Limited₹319₹1,392 cr10.2
Sudarshan Colorants India Limited₹378₹872 cr10.7
Asahi Songwon Colors Limitedthis company₹365₹430 cr5.6
AksharChem India Limited₹374₹300 cr4.9
Poddar Pigments Limited₹276₹293 cr15.8
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹1.5
ex 4 Sep 2025
ActionDetailEx-date
Dividend₹1.5 / share4 Sep 2025
Dividend₹0.5 / share20 Sep 2024
Dividend₹0.5 / share21 Sep 2023
DividendAnnual General Meeting/Dividend - Rs Per Share22 Sep 2022
Dividend₹0.5 / share22 Sep 2022
BuybackBuyback2 Jun 2022
Who owns it · 2026-06-30
No pledge
Promoter
67.0%
FII / Foreign
0.0%
DII / Domestic
0.3%
Retail / others
32.7%
Promoter stake up 0.3% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtArjun Gokul Jaykrishna · Promoter and Director10,000 · ₹33.8 L11 Aug 26
BoughtGOKUL M JAYKRISHNA HUF · Promoters1,286 · ₹4.1 L11 Aug 25
BoughtGOKUL M JAYKRISHNA HUF · Promoters18,714 · ₹56.5 L8 Aug 25
Bulk / block deals
BoughtMAGPRO SECURITIES PVT LTD · NSE1.32 L @ ₹569.3230 Jul 24
SoldMAGPRO SECURITIES PVT LTD · NSE1.24 L @ ₹568.2230 Jul 24
SoldGRAVITON RESEARCH CAPITAL LLP · NSE81,438 @ ₹278.7718 Sep 23
Stake changes
BoughtArjun Gokul Jaykrishna · promoter→ 67.08% · 10,00011 Aug 26
BoughtGokul M Jaykrishna HUF · promoter→ 67.00% · 1,28611 Aug 25
BoughtGokul M Jaykrishna HUF · promoter→ 66.99% · 18,7148 Aug 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Special shareholder meeting · 25 Aug 2026
See the official result
1
Appointment of Mr. Arjun Gokul Jaykrishna (DIN:08548676) as Chief Executive Officer (CEO) and Executive Director of the Company
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 75%
60,094 votes for, 50 against · 0% of mutual funds and other big investors said no
2
Approval of Loan, Guarantee or Security under Section 185 of the Companies Act, 2013.
Backed by 100% of shareholders other than promotersneeded 75%
60,048 votes for, 96 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 5 named members
owning 67.0% between them · as of 2026-06-30
Mrugesh Jaykrishna Family Trust - I43.93%
Gokul M. Jaykrishna Family Trust22.47%
Arjun Gokul Jaykrishna0.34%
GOKUL M. JAYKRISHNA HUF0.17%
Gokul Mrugesh Jaykrishna0.08%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.