NSEI:ASAHISONG

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Asahi Songwon Colors

Executive Summary

Asahi Songwon Colors Limited, together with its subsidiaries, manufactures and supplies phthalocyanine pigments and derivatives products in India. More Details


Snowflake Analysis

Flawless balance sheet with solid track record.

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

Stable Share Price: ASAHISONG has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.9%

ASAHISONG

0.1%

IN Chemicals

-0.5%

IN Market


1 Year Return

40.0%

ASAHISONG

17.2%

IN Chemicals

2.0%

IN Market

Return vs Industry: ASAHISONG exceeded the Indian Chemicals industry which returned 17.2% over the past year.

Return vs Market: ASAHISONG exceeded the Indian Market which returned 2% over the past year.


Shareholder returns

ASAHISONGIndustryMarket
7 Day2.9%0.1%-0.5%
30 Day5.7%-2.1%0.3%
90 Day0.9%13.0%7.1%
1 Year43.3%40.0%19.9%17.2%3.7%2.0%
3 Year-31.6%-35.4%34.8%26.7%2.0%-3.0%
5 Year67.8%54.2%133.0%113.3%40.9%30.4%

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 compared to its fair value and its price relative to the market?

40.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ASAHISONG (₹220.65) is trading below our estimate of fair value (₹369.15)

Significantly Below Fair Value: ASAHISONG is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ASAHISONG is good value based on its PE Ratio (10x) compared to the IN Chemicals industry average (14.9x).

PE vs Market: ASAHISONG is good value based on its PE Ratio (10x) compared to the Indian market (16.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ASAHISONG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ASAHISONG is overvalued based on its PB Ratio (1.3x) compared to the IN Chemicals industry average (1.2x).


Next Steps

Future Growth

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

22.8%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Asahi Songwon Colors has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

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

1.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ASAHISONG has high quality earnings.

Growing Profit Margin: ASAHISONG's current net profit margins (10.4%) are higher than last year (6.3%).


Past Earnings Growth Analysis

Earnings Trend: ASAHISONG's earnings have grown by 1.8% per year over the past 5 years.

Accelerating Growth: ASAHISONG's earnings growth over the past year (42.5%) exceeds its 5-year average (1.8% per year).

Earnings vs Industry: ASAHISONG earnings growth over the past year (42.5%) exceeded the Chemicals industry -1.4%.


Return on Equity

High ROE: ASAHISONG's Return on Equity (12.5%) is considered low.


Next Steps

Financial Health

How is Asahi Songwon Colors's financial position?


Financial Position Analysis

Short Term Liabilities: ASAHISONG's short term assets (₹1.2B) exceed its short term liabilities (₹365.6M).

Long Term Liabilities: ASAHISONG's short term assets (₹1.2B) exceed its long term liabilities (₹255.9M).


Debt to Equity History and Analysis

Debt Level: ASAHISONG's debt to equity ratio (7.6%) is considered satisfactory.

Reducing Debt: ASAHISONG's debt to equity ratio has reduced from 42% to 7.6% over the past 5 years.

Debt Coverage: ASAHISONG's debt is well covered by operating cash flow (349.6%).

Interest Coverage: ASAHISONG's interest payments on its debt are well covered by EBIT (10.3x coverage).


Balance Sheet


Next Steps

Dividend

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

1.36%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ASAHISONG's dividend (1.36%) is higher than the bottom 25% of dividend payers in the Indian market (0.57%).

High Dividend: ASAHISONG's dividend (1.36%) is low compared to the top 25% of dividend payers in the Indian market (2.28%).


Stability and Growth of Payments

Stable Dividend: ASAHISONG's dividend payments have been volatile in the past 10 years.

Growing Dividend: ASAHISONG's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (13.6%), ASAHISONG's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.7yrs

Average management tenure


CEO

Paru Jaykrishna (77 yo)

no data

Tenure

₹6,209,000

Compensation

Mrs. Paru Mrugesh Jaykrishna, B.A., M.A., LL.B. has been Managing Director of AksharChem (India) Limited since April 1, 2001. She serves as Director at Gujarat State Handloom House Corporation and Small In ...


Leadership Team

NamePositionTenureCompensationOwnership
Paru Jaykrishna
Founderno data₹6.21m43.84%
₹ 1.2b
Gokul Jaykrishna
CEO, Joint MD & Director24.58yrs₹8.10m0.081%
₹ 2.2m
Utsav Pandwar
Chief Financial Officer1yr₹1.99mno data
Chandravadan Raval
General Manager of Accountsno data₹1.29mno data
Saji Joseph
Company Secretary & Compliance Officer5.67yrs₹1.22mno data
Arjun Jaykrishna
Executive Director1yr₹1.69m0.24%
₹ 6.5m

2.7yrs

Average Tenure

60.5yo

Average Age

Experienced Management: ASAHISONG's management team is considered experienced (2.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Paru Jaykrishna
Founderno data₹6.21m43.84%
₹ 1.2b
Gokul Jaykrishna
CEO, Joint MD & Director24.58yrs₹8.10m0.081%
₹ 2.2m
Arjun Jaykrishna
Executive Director1yr₹1.69m0.24%
₹ 6.5m
Arvindbhai Kumar Goenka
Independent Non Executive Director24.5yrs₹10.00kno data
Rajkumar Sukhdevsinhji
Independent Non-Executive Director24.42yrs₹21.50kno data
Pradeepbhai Jha
Independent Non Executive Director23.17yrs₹58.50kno data
Munjal Jaykrishna
Non Executive Director24.58yrsno datano data
Jayprakash Patel
Non-Executive Independent Director1.17yrs₹46.50kno data

24.4yrs

Average Tenure

65yo

Average Age

Experienced Board: ASAHISONG's board of directors are seasoned and experienced ( 24.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Asahi Songwon Colors Limited
  • Ticker: ASAHISONG
  • Exchange: NSEI
  • Founded: 1990
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: ₹2.703b
  • 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, together with its subsidiaries, manufactures and supplies phthalocyanine pigments and derivatives products in India. The company’s product portfolio include CPC blue crude, be ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/21 12:49
End of Day Share Price2020/10/20 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.