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Asahi Songwon Colors Ltd (ASAHISONG)

₹398.55.07%

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Overview
News
Financials
Q1 2024 Results
Technicals

Performance

  • Day's Low

    Day's High

    ₹395.95
    ₹421.8
  • 52 Week's Low

    52 Week's High

    ₹218.35
    ₹496
1 Month Return+ 4.99 %
3 Month Return+ 28.2 %
1 Year Return+ 81.65 %
Previous Close₹419.80
Open₹421.80
Volume37.97K
Upper Circuit-
Lower Circuit-
Market Cap₹494.83Cr

Key Statistics

P/E Ratio24.68
PEG Ratio0.92
Market Cap₹494.83 Cr
P/B Ratio0.93
EPS-15.67

Company Information

Asahi Songwon Colors Limited was founded in 1990 in Gujarat as Lucky Laminates Private Ltd. In 1996, the High Court of Gujarat approved a scheme of amalgamation of Asahi Dyechem Pvt Ltd and the company was converted to a public company, subsequently changing its name. Capital expenditure of Rs. 40 million was made to set up a plant manufacturing Pigment Green 7 in Kadi Mehsana and its commercial production began in 1991. In 1995-96, they entered into a joint venture agreement with South Korean Songwon Color Company Limited, with ASCL investing financially and SCCL supplying technology for Green Crude production. A plant for manufacturing Green Crude was installed at a cost of Rs. 35 million, increasing installed capacity from 180 Tonnes/PAA to 600 TPA. They further increased their installed capacity to 900MT and 1080MT in 2002 and 2005-6 respectively, at a cost of Rs. 35 million. In May 2007, they entered the stock market and issued 3722222 Equity Shares with an issue price of Rs.90 per share.

Share Price: ₹398.50 per share as on 19 Jul, 2024 04:01 PM
Market Capitalisation: ₹494.83Cr as of today
Revenue: ₹125.97Cr as on March 2024 (Q1 24)
Net Profit: ₹0.91Cr as on March 2024 (Q1 24)
Listing date: 29 Aug, 2011
Chairperson Name: Paru M Jaykrishna
OrganisationAsahi Songwon Colors Ltd
HeadquartersMehsana
IndustryChemicals
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Key events for Asahi Songwon Colors Ltd

  • Asahi Songwon Colors Ltd's ROCE Falls Below Industry Average - 02 Jul, 2024

    Asahi Songwon Colors Ltd has a low return on capital employed (ROCE) of 0.6%, which under-performs the Chemicals industry average of 13%. The current underlying trends don't bode well for long term performance, so unless they reverse, we'd start looking elsewhere.

  • Asahi Songwon Colors' Unusual Items Raise Concerns - 05 Jun, 2024

    Asahi Songwon Colors' recent earnings were boosted by ₹256m gain attributed to unusual items, which may not be sustainable. The positive impact of these items on the profit makes it a poor guide to underlying earnings power. Shareholders have noticed some concerning factors beyond the statutory profit numbers.

Insights on Asahi Songwon Colors Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 33.06% to 33.13% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 102.65 Cr → 126.68 Cr (in ₹), with an average increase of 19.0% per quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, -1.02 Cr → 2.16 Cr (in ₹), with an average increase of 147.2% per quarter

  • imgPOSITIVE IMPACT

    Best in 1 Year

    img

    In the last 1 year, ASAHISONG has outperformed top 5 stocks with highest market-cap in Specialty Chemicals

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 66.77% of holdings in Mar 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Fine Organic Industries Ltd has given 79.2% return, outperforming this stock by 65.4%

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 7 days, ASAHISONG stock has moved down by -3.7%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 0.17% to 0.10% in Mar 2024 quarter

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹125.97Cr
↑23.32%
Net Income
₹0.91Cr
↓142.72%
Net Profit Margin
0.72%
↓134.45%
2023Y/Y Change
Revenue
₹504.55Cr
↑22.82%
Net Income
-₹18.47Cr
↓226.08%
Net Profit Margin
-3.66%
↓202.52%
Value in ₹ crore
2023Y/Y Change
Total Assets
₹404.96Cr
↑3.79%
Total Liabilities
₹169.49Cr
↑22.91%
Value in ₹ crore
2023Y/Y Change
Operating Cash Flow
₹30.77Cr
↑24.78%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
66.77%
0.00
Foreign Institutions
0.1%
0.00
Mutual Funds
0%
0.00
Retail Investors
33.13%
0.00
Others
0%
0.00

Key Indicators

Asahi Songwon Colors Ltd Valuation

Asahi Songwon Colors Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-23.56x)

June 9, 2023

Today (24.68x)

July 18, 2024

Industry (46.05x)

July 18, 2024

Highest (271.19x)

December 28, 2023

LowHigh

Earnings and Dividends

  • Asahi Songwon Colors Ltd Earnings Results

    Asahi Songwon Colors Ltd’s net profit jumped 121.09% since last year same period to ₹2.16Cr in the Q4 2023-2024. On a quarterly growth basis, Asahi Songwon Colors Ltd has generated 311.76% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • Asahi Songwon Colors Ltd Dividends May,2023

    In the quarter ending March 2023, Asahi Songwon Colors Ltd has declared dividend of ₹0.50 - translating a dividend yield of 0.12%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bearish

Asahi Songwon Colors Ltd is currently in a Bearish trading position according to technical analysis indicators.

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Asahi Songwon Colors Ltd (ASAHISONG) share price today is ₹398.5

Asahi Songwon Colors Ltd is listed on NSE

Asahi Songwon Colors Ltd is listed on BSE

  • Today’s highest price of Asahi Songwon Colors Ltd is ₹421.8.
  • Today’s lowest price of Asahi Songwon Colors Ltd is ₹395.95.

PE Ratio of Asahi Songwon Colors Ltd is 24.68

PE ratio = Asahi Songwon Colors Ltd Market price per share / Asahi Songwon Colors Ltd Earnings per share

Today’s traded volume of Asahi Songwon Colors Ltd(ASAHISONG) is 37.97K.

Today’s market capitalisation of Asahi Songwon Colors Ltd(ASAHISONG) is ₹494.83Cr.

Asahi Songwon Colors Ltd(ASAHISONGPrice
52 Week High
₹496
52 Week Low
₹218.35

Asahi Songwon Colors Ltd(ASAHISONG) share price is ₹398.5. It is down -19.66% from its 52 Week High price of ₹496

Asahi Songwon Colors Ltd(ASAHISONG) share price is ₹398.5. It is up 82.51% from its 52 Week Low price of ₹218.35

Asahi Songwon Colors Ltd(ASAHISONGReturns
1 Day Returns
-21.3%
1 Month Returns
4.99%
3 Month Returns
28.2%
1 Year Returns
81.65%