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Asahi Songwon Colors Ltd.
(ASAHISONG)
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Rating:61Neutral
Price Target:
₹392.00
▲(50.11% Upside)
Action:Reiterated
Date:07/23/26
The score is held back primarily by only middling financial quality: thin margins, a FY2026 revenue decline, and uneven/softer cash generation despite improved leverage and restored profitability. Technicals provide meaningful support as the stock is in a clear uptrend with positive momentum. Valuation is roughly average (moderate P/E) but offers limited dividend support.
Positive Factors
Return to Profitability
The return from a FY2023 loss to positive earnings in FY2024–FY2026 restores internal earnings capacity and provides a firmer operating base. Although profitability remains modest, several consecutive profitable years improve resilience versus the prior loss period and support reinvestment.
Negative Factors
Revenue and Margin Pressure
The FY2026 revenue decline, compressed gross margin, and roughly 3.5% net margin point to limited earnings cushion. Thin profitability leaves less room to absorb cost pressure or weaker volumes, making sustained earnings growth more dependent on recovery in sales and product economics.
Read all positive and negative factors
Positive Factors
Negative Factors
Return to Profitability
The return from a FY2023 loss to positive earnings in FY2024–FY2026 restores internal earnings capacity and provides a firmer operating base. Although profitability remains modest, several consecutive profitable years improve resilience versus the prior loss period and support reinvestment.
Read all positive factors
Asahi Songwon Colors Ltd. (ASAHISONG) vs. iShares MSCI India ETF (INDA)
Market Cap
₹4.38B
Dividend Yield0.4%
Average Volume (3M)1.34K
Price to Earnings (P/E)12.6
Beta (1Y)1.44
Revenue Growth-0.60%
EPS Growth96.35%
CountryIN
Employees116
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)29.56
Shares Outstanding11,787,262
10 Day Avg. Volume1,440
30 Day Avg. Volume1,337
Financial Highlights & Ratios
PEG Ratio-2.34
Price to Book (P/B)0.81
Price to Sales (P/S)0.41
P/FCF Ratio8.62
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Asahi Songwon Colors Ltd. Business Overview & Revenue Model
Company Description
Asahi Songwon Colors Limited manufactures and sells color pigments and derivatives in India. It offers copper phthalocyanine (CPC) blue crude, pigment alpha, pigment blue, and pigment beta blue. The company's products are used in coatings, paints,...
How the Company Makes Money
ASAHISONG primarily makes money by manufacturing and selling color chemicals (pigments and related products) to business customers. Revenue is generated from the sale of finished pigments/colorants, where earnings are driven by sales volumes, prod...
Asahi Songwon Colors Ltd. Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
63
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.75B | 5.35B | 5.62B | 4.25B | 5.05B | 4.10B |
| Gross Profit | 1.59B | 933.94M | 1.46B | 470.66M | 1.19B | 1.32B |
| EBITDA | 771.22M | 565.27M | 561.71M | 466.84M | 111.42M | 330.80M |
| Net Income | 348.37M | 187.68M | 197.55M | 200.47M | -116.49M | 193.60M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 6.03B | 5.90B | 5.75B | 5.47B | 4.70B |
| Cash, Cash Equivalents and Short-Term Investments | 48.03M | 48.03M | 61.59M | 26.59M | 7.66M | 3.01M |
| Total Debt | 0.00 | 1.43B | 1.67B | 1.97B | 1.80B | 874.58M |
| Total Liabilities | -2.98B | 3.05B | 3.07B | 3.09B | 2.87B | 1.85B |
| Stockholders Equity | 2.98B | 2.71B | 2.55B | 2.36B | 2.19B | 2.42B |
Cash Flow | ||||||
| Free Cash Flow | 332.81M | 254.95M | 519.35M | -446.75M | -14.91M | -281.63M |
| Operating Cash Flow | 364.59M | 310.03M | 579.17M | 87.32M | 299.71M | -3.75M |
| Investing Cash Flow | -53.78M | -67.87M | -53.90M | -131.42M | -772.11M | -281.57M |
| Financing Cash Flow | -343.98M | -257.62M | -494.87M | 43.73M | 474.88M | 283.85M |
Asahi Songwon Colors Ltd. Technical Analysis
Neutral
261.15
Price Trends
367.59
Positive
311.67
Positive
271.97
Positive
Market Momentum
6.63
Positive
49.46
Neutral
47.65
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ASAHISONG, the sentiment is Neutral. The current price of 261.15 is below the 20-day moving average (MA) of 376.64, below the 50-day MA of 367.59, and below the 200-day MA of 271.97, indicating a neutral trend. The MACD of 6.63 indicates Positive momentum. The RSI at 49.46 is Neutral, neither overbought nor oversold. The STOCH value of 47.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:ASAHISONG.
Asahi Songwon Colors Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹5.60B | 19.79 | ― | 0.49% | 11.71% | 79.88% | |
62 Neutral | ₹2.73B | 17.69 | ― | 1.56% | 3.55% | -21.35% | |
61 Neutral | ₹4.38B | 12.57 | ― | 0.40% | -0.60% | 96.35% | |
61 Neutral | ₹99.05B | 135.50 | ― | 0.76% | 90.13% | -6.80% | |
57 Neutral | ₹24.18B | 34.87 | ― | 0.13% | 27.57% | 135.05% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:ASAHISONG
Asahi Songwon Colors Ltd.
371.70
73.71
24.74%
IN:BODALCHEM
Bodal Chemicals Limited
192.00
129.98
209.58%
IN:DICIND
DIC India Limited
610.00
67.02
12.34%
IN:SUDARCOLOR
Heubach Colorants India Limited
365.15
-168.10
-31.52%
IN:PODDARMENT
Poddar Pigments Limited
257.00
-12.11
-4.50%
IN:SUDARSCHEM
Sudarshan Chemical Industries Limited
1,244.10
-78.24
-5.92%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.