NSEI:ASAHISONG

Stock Analysis Report

Asahi Songwon Colors

Executive Summary

Asahi Songwon Colors Limited manufactures and sells pigments in India.

Snowflake

Fundamentals

Flawless balance sheet and fair value.

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

5.6%

ASAHISONG

1.6%

IN Chemicals

3.1%

IN Market


1 Year Return

-43.5%

ASAHISONG

15.2%

IN Chemicals

3.7%

IN Market

Return vs Industry: ASAHISONG underperformed the Indian Chemicals industry which returned 15.2% over the past year.

Return vs Market: ASAHISONG underperformed the Indian Market which returned 3.7% over the past year.


Shareholder returns

ASAHISONGIndustryMarket
7 Day5.6%1.6%3.1%
30 Day7.4%7.7%5.7%
90 Day6.6%10.5%1.4%
1 Year-42.2%-43.5%16.6%15.2%5.9%3.7%
3 Year-39.1%-41.8%34.9%30.7%22.3%16.0%
5 Year8.4%-0.9%123.5%110.9%42.5%28.9%

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?

8.94x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: ASAHISONG (₹139.65) is trading above our estimate of fair value (₹31.52)

Significantly Undervalued: ASAHISONG is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ASAHISONG is good value based on its PE Ratio (8.9x) compared to the Chemicals industry average (10.4x).

PE vs Market: ASAHISONG is good value based on its PE Ratio (8.9x) compared to the Indian market (13.2x).


Price to Earnings Growth Ratio

Low 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 good value based on its PB Ratio (0.9x) compared to the IN Chemicals industry average (1.1x).


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?

12.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ASAHISONG's forecast earnings growth (12.5% per year) is above the savings rate (7.6%).

Earnings vs Market: ASAHISONG's earnings (12.5% per year) are forecast to grow slower than the Indian market (18.2% per year).

High Growth Earnings: ASAHISONG's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if ASAHISONG's revenue is forecast to grow faster than the Indian market.

High Growth Revenue: Insufficient data to determine if ASAHISONG's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if ASAHISONG's Return on Equity is forecast to be high in 3 years time


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

Earnings Trend: ASAHISONG's earnings have grown by 4.9% per year over the past 5 years.

Accelerating Growth: ASAHISONG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ASAHISONG had negative earnings growth (-24.7%) over the past year, making it difficult to compare to the Chemicals industry average (9.9%).


Return on Equity

High ROE: ASAHISONG's Return on Equity (9.8%) is considered low.


Return on Assets

ROA vs Industry: ASAHISONG's Return on Assets is below or equal to the Chemicals industry average last year.


Return on Capital Employed

ROCE Improving: ASAHISONG's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Asahi Songwon Colors's financial position?


Financial Position Analysis

Short Term Liabilities: ASAHISONG's short term assets (₹1.4B) exceeds its short term liabilities (₹769.8M)

Long Term Liabilities: ASAHISONG's short term assets (1.4B) exceeds its long term liabilities (384.9M)


Debt to Equity History and Analysis

Debt Level: ASAHISONG's debt to equity ratio (29.3%) is considered satisfactory

Reducing Debt: ASAHISONG's debt to equity ratio has reduced from 63.5% to 29.3% over the past 5 years.

Debt Coverage: ASAHISONG's debt is well covered by operating cash flow (47.7%).

Interest Coverage: ASAHISONG's interest payments on its debt are well covered by EBIT (5.5x coverage).


Balance Sheet

Inventory Level: ASAHISONG has a high level of physical assets or inventory.

Debt Coverage by Assets: ASAHISONG's debt is covered by short term assets (assets are 2.502240x debt).


Next Steps

Dividend

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

2.18%

Current Dividend Yield


Dividend Yield vs Market

company2.2%marketbottom25%0.6%markettop25%2.5%industryaverage0.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: ASAHISONG's dividend (2.18%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).

High Dividend: ASAHISONG's dividend (2.18%) is low compared to the top 25% of dividend payers in the Indian market (2.48%).

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 (19.5%), ASAHISONG's dividend payments are well 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

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

23.5yrs

Average board tenure


CEO

Paru Jaykrishna (76yo)

0yrs

Tenure

0

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


Board Age and Tenure

23.5yrs

Average Tenure

64yo

Average Age

Experienced Board: ASAHISONG's board of directors are seasoned and experienced ( 23.5 years average tenure).


Insider Trading

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


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)

    General Manager of Accounts

    • Tenure: 0yrs
    • Compensation: ₹1.19m
  • Paru Jaykrishna (76yo)

    Executive Chairperson & MD

    • Tenure: 0yrs
  • Gokul Jaykrishna (51yo)

    CEO, Joint MD & Director

    • Tenure: 23.6yrs
  • Saji Joseph

    Company Secretary & Compliance Officer

    • Tenure: 4.7yrs
    • Compensation: ₹1.08m
  • Utsav Pandwar

    Chief Financial Officer

    • Tenure: 0yrs
  • Arjun Jaykrishna (23yo)

    Executive Director

    • Tenure: 0yrs

Board Members

  • Arvindbhai Kumar Goenka (57yo)

    Independent Non Executive Director

    • Tenure: 23.5yrs
    • Compensation: ₹4.50k
  • Rajkumar Sukhdevsinhji (83yo)

    Independent Non-Executive Director

    • Tenure: 23.4yrs
    • Compensation: ₹6.00k
  • Pradeepbhai Jha (74yo)

    Independent Non Executive Director

    • Tenure: 22.2yrs
    • Compensation: ₹13.00k
  • Paru Jaykrishna (76yo)

    Executive Chairperson & MD

    • Tenure: 0yrs
  • Gokul Jaykrishna (51yo)

    CEO, Joint MD & Director

    • Tenure: 23.6yrs
  • Munjal Jaykrishna (49yo)

    Non Executive Director

    • Tenure: 23.6yrs
  • Jayprakash Patel (71yo)

    Non-Executive Independent Director

    • Tenure: 0.2yrs
  • Arjun Jaykrishna (23yo)

    Executive Director

    • Tenure: 0yrs

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: ₹1.712b
  • 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 Analysis2019/10/17 12:52
End of Day Share Price2019/10/17 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.