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Asahi Songwon Colors (ASAHISONG) had a P/E of 12.4× on 6 Nov 2026, below the industry P/E of 22.1×, and the shares are 11% below their 52-week high. Sales grew 2.0% a year over 3 years; its ROCE of 10% is the second-lowest among the 7 largest Specialty Chemicals peers. Debt is 0.48× equity, and its dividend yield is 0.4%. It is a small-cap company with a market cap of ₹432 Cr, ranked 106th of 204 Specialty Chemicals companies by market cap; the shares rose 32% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹368.70
Day high
₹376.30
Day low
₹365.00
Prev. close
₹368.70
Volume
13.9K

Health check

2 good · 2 fair · 2 to check
  • ReturnsAhead

    +32.3% over a year, better than 5 of 7 peers.

  • Price tagCheaper

    P/E 12.4 vs industry 22.1.

  • GrowthSteady

    Sales +2.0% a year over 3 years.

  • ProfitabilityWeak

    ROCE 10.1% vs peer median 24.4%.

  • Balance sheetFair

    Debt 0.48× equity, interest covered 3.3×, Piotroski 6 of 9.

  • Red flags1 to check

    Return on equity is low at 7.1%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Specialty Chemicals

203 listed peers. Screen the industry

Small cap

₹432 Cr, #106 of 204 in its industry by size.

Defensive

Beta 0.24 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹575 Cr · profit ₹35 Cr
Market cap
₹432 Cr
Small cap
P/E
12.4
Industry 22.1
Price to book
1.59
Peers 13.33
Dividend yield
0.41%
ROE
7.1%
Peers 23.0%
ROCE
10.1%
Peers 24.4%
Debt to equity
0.48
Debt ₹143 Cr
EPS (TTM)
₹29.56
Face value ₹10
OPM (TTM)
12.4%
Net margin 6.1%
Sales growth
+26.0%
Latest quarter vs a year ago
Profit growth
+508.0%
Latest quarter vs a year ago
Price to sales
0.75
EV/EBITDA 8.4

Strengths and risks

Strengths

  • Quarterly profit up 508.0% on a year ago.
  • Quarterly sales up 26.0% on a year ago.
  • P/E of 12.4 against an industry P/E of 22.1.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Return on equity is low at 7.1%.

Derived automatically from reported figures. Not a recommendation.

About Asahi Songwon Colors

Asahi Songwon Colors Limited manufactures and sells color pigments and derivatives in India. The company offers copper phthalocyanine (CPC) blue crude, pigment alpha, pigment blue, and pigment beta blue. Its products are used in coatings, paints, printing inks, plastics, pharmaceuticals, textiles, rubber, and paper industries. The company also exports its products. Asahi Songwon Colors Limited was incorporated in 1990 and is based in Ahmedabad, India.

Headquarters
Ahmedabad
Employees
116
Sector
Basic Materials
ISIN
INE228I01012
Website
asahisongwon.com

Price range

52 weeks

₹179.64₹413.95

Today

₹365.00₹376.30
Avg volume (3M)
13.8K
1-year return
plus 32.3%
From 52-week high
minus 11.5%

Peers · Specialty Chemicals

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
ASIANPAINTAsian Paints2,546.00plus 0.88%2,44,02550.535.024.4%18.9%0.211.1%plus 1.5%
SOLARINDSSolar Industries India18,608.00plus 0.48%1,68,38474.464.129.5%27.8%0.2212.4%plus 35.9%
PIDILITINDPidilite Industries1,579.00plus 1.63%1,60,82760.044.428.5%23.5%0.037.4%plus 6.8%
LINDEINDIALinde India6,859.00plus 8.73%58,496118.464.216.3%31.5%0.23–plus 5.4%
BERGEPAINTBerger Paints India478.35minus 5.28%55,77645.429.420.6%15.3%0.154.2%minus 6.0%
FLUOROCHEMGujarat Fluorochemicals4,665.50minus 0.94%51,25175.944.09.6%24.1%0.26−4.5%plus 28.0%
ACUTAASAcutaas Chemicals3,786.60plus 0.42%31,00170.964.127.7%39.4%0.0129.4%plus 105.6%
ASAHISONGAsahi Songwon Colors366.45minus 0.61%43212.411.510.1%12.4%0.482.0%plus 32.3%
Median of 7 peers–0.48%58,49670.944.424.4%24.1%0.215.8%6.8%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
150121121144189
139111110125157
10.59.510.319.531.8
7.0%7.9%8.5%13.6%16.8%
1.51.70.13.50.8
3.12.833.32.6
4.64.74.74.74.7
4.23.62.715.125.4
38.6%41.9%14.8%28.2%24.9%
3.22.32.510.919.2
2.681.912.119.2216.32

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+2.0%
ROE
7.1%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
503425559533
–minus 15.4%+31.4%minus 4.7%
498407502483
518.357.149.8
1.0%4.3%10.2%9.3%
5.32.13.25.8
13.211.815.511.2
14.916.218.818.7
−025.5−1−0.1
−17.717.92525.6
−4.1%12.7%32.5%30.4%
−11.62019.818.8
––minus 1.5%minus 5.0%
-9.8317.0116.7615.92

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
11.811.811.811.8
207224243260
180197167143
148142168188
547575590603
278289278264
3111.11.10.6
1.30.50.31.8
0.80.73.82.2
236273307334
547575590603

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
308.757.943.2
−77.2−13.1−5.4−6.8
47.54.4−49.5−38
0.2−03−1.5
−31.5−53.4−6−5.5
−1.5−44.751.937.7
−0.6−0.6−0.6−1.8

Shareholding pattern

Source: NSE filings
67.1%
promoters
  • Promoters67.08%
  • Public32.92%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202667.08%32.92%plus 0.08
30 Jun 202667.00%33.00%0.00
31 Mar 202667.00%33.00%0.00
31 Dec 202567.00%33.00%0.00
30 Sep 202567.00%33.00%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you