BSE:532853

Stock Analysis Report

Asahi Songwon Colors

Executive Summary

Asahi Songwon Colors Limited manufactures and sells pigments in India.

Snowflake

Fundamentals

Excellent balance sheet and fair value.

Risks

  • Asahi Songwon Colors has significant price volatility in the past 3 months.
  • Asahi Songwon Colors is not covered by any analysts.

Share Price & News

How has Asahi Songwon Colors's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-3.5%

BSE:532853

-1.2%

IN Chemicals

-2.1%

IN Market


1 Year Return

-56.5%

BSE:532853

-5.6%

IN Chemicals

-14.7%

IN Market

532853 underperformed the Chemicals industry which returned -5.6% over the past year.

532853 underperformed the Market in India which returned -14.7% over the past year.


Share holder returns

532853IndustryMarket
7 Day-3.5%-1.2%-2.1%
30 Day-12.4%-0.5%-3.9%
90 Day-27.6%-5.6%-10.1%
1 Year-56.1%-56.5%-4.6%-5.6%-12.9%-14.7%
3 Year-36.5%-37.8%31.4%27.4%17.7%11.5%
5 Year-26.3%-32.3%120.1%108.1%35.4%22.5%

Price Volatility Vs. Market

How volatile is Asahi Songwon Colors's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Asahi Songwon Colors undervalued based on future cash flows and its price relative to the stock market?

7.71x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Asahi Songwon Colors's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Asahi Songwon Colors's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Asahi Songwon Colors is good value based on earnings compared to the IN Chemicals industry average.

Asahi Songwon Colors is good value based on earnings compared to the India market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Asahi Songwon Colors, we can't assess if its growth is good value.


Price Based on Value of Assets

Asahi Songwon Colors is good value based on assets compared to the IN Chemicals industry average.


Next Steps

Future Growth

How is Asahi Songwon Colors expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Asahi Songwon Colors is high growth as no revenue estimate data is available.

Asahi Songwon Colors's earnings are expected to grow by 12.7% yearly, however this is not considered high growth (20% yearly).

Unable to compare Asahi Songwon Colors's revenue growth to the India market average as no estimate data is available.

Asahi Songwon Colors's earnings growth is positive but not above the India market average.

Asahi Songwon Colors's earnings growth is expected to exceed the low risk savings rate of 7.6%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Asahi Songwon Colors will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Asahi Songwon Colors performed over the past 5 years?

4.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Asahi Songwon Colors's year on year earnings growth rate has been positive over the past 5 years.

Asahi Songwon Colors's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Asahi Songwon Colors's 1-year earnings growth is negative, it can't be compared to the IN Chemicals industry average.


Return on Equity

Asahi Songwon Colors has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Asahi Songwon Colors used its assets less efficiently than the IN Chemicals industry average last year based on Return on Assets.


Return on Capital Employed

Asahi Songwon Colors's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Asahi Songwon Colors's financial position?


Financial Position Analysis

Asahi Songwon Colors is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Asahi Songwon Colors's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Asahi Songwon Colors's level of debt (29.3%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (63.5% vs 29.3% today).

Debt is not well covered by operating cash flow (10.4%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 5.5x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 2.5x debt.


Next Steps

Dividend

What is Asahi Songwon Colors's current dividend yield, its reliability and sustainability?

2.53%

Current Dividend Yield


Dividend Yield and Payments Analysis

Asahi Songwon Colors's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.65%).

Asahi Songwon Colors's dividend is below the markets top 25% of dividend payers in India (2.64%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (5.1x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Asahi Songwon Colors's salary, the management and board of directors tenure and is there insider trading?

4.5yrs

Average management tenure


CEO

Paru Jaykrishna (76yo)

0.0yrs

Tenure

0

Mrs. Paru M. Jaykrishna, B.A., M.A., LL.B. has been Managing Director of AksharChem India Ltd since April 1, 2001. Mrs. Jaykrishna serves as Managing Director, Chief Executive Officer and Executive Chairp ...


CEO Compensation Analysis

Paru's remuneration is lower than average for companies of similar size in India.

Insufficient data for Paru to compare compensation growth.


Management Age and Tenure

4.5yrs

Average Tenure

64yo

Average Age

The tenure for the Asahi Songwon Colors management team is about average.


Board Age and Tenure

23.3yrs

Average Tenure

61yo

Average Age

The average tenure for the Asahi Songwon Colors board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

Buy₹1,876,60417 Nov 18
Gokul Jaykrishna
EntityIndividual
Role
Member of the Board of Directors
CEO, Joint MD & Director
Shares8,369
Max Price₹224.23

Ownership Breakdown


Management Team

  • Chandravadan Raval (68yo)

    GM of Accounts & CFO

    • Tenure: 4.4yrs
    • Compensation: ₹1.19m
  • Ashok Pareek (60yo)

    Vice President of Finance

    • Tenure: 13.3yrs
  • Paru Jaykrishna (76yo)

    Executive Chairperson & MD

    • Tenure: 0.0yrs
  • Gokul Jaykrishna (51yo)

    CEO, Joint MD & Director

    • Tenure: 23.4yrs
  • Saji Joseph

    Company Secretary & Compliance Officer

    • Tenure: 4.5yrs
    • Compensation: ₹1.08m

Board Members

  • Arvindbhai Kumar Goenka (57yo)

    Independent Non Executive Director

    • Tenure: 23.3yrs
    • Compensation: ₹3.00k
  • Rajkumar Sukhdevsinhji (83yo)

    Independent Non-Executive Director

    • Tenure: 23.3yrs
    • Compensation: ₹6.00k
  • Pradeep Jha (74yo)

    Independent Non Executive Director

    • Tenure: 22.0yrs
    • Compensation: ₹23.00k
  • Paru Jaykrishna (76yo)

    Executive Chairperson & MD

    • Tenure: 0.0yrs
  • Gokul Jaykrishna (51yo)

    CEO, Joint MD & Director

    • Tenure: 23.4yrs
  • Munjal Jaykrishna (49yo)

    Non Executive Director

    • Tenure: 23.4yrs
  • Gaurang Shah (61yo)

    Independent Director

    • Tenure: 11.9yrs

Company Information

Asahi Songwon Colors Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Asahi Songwon Colors Limited
  • Ticker: 532853
  • Exchange: BSE
  • Founded: 1990
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: ₹1.457b
  • Shares outstanding: 12.27m
  • Website: https://www.asahisongwon.com

Number of Employees


Location

  • Asahi Songwon Colors Limited
  • Asahi House
  • 13, Aaryans Corporate Park
  • Ahmedabad
  • Gujarat
  • 380059
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532853BSE (Mumbai Stock Exchange)YesEquity SharesININRJun 2007
ASAHISONGNSEI (National Stock Exchange of India)YesEquity SharesININRJun 2007

Biography

Asahi Songwon Colors Limited manufactures and sells pigments in India. It offers pigments, such as CPC blue crude, pigment alfa blue 15:0, pigment alfa blue 15:1, pigment beta blue 15:3, and pigment blue 1 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/25 12:42
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.