Asahi Songwon Colors Ltd

Know More
NSEBSE

329.15-0.60 (-0.18%)

12:00 AM,2nd Mar 2024

329.35-0.45 (-0.14%)

12:00 AM,2nd Mar 2024

BSE : 532853

NSE : ASAHISONG

Sector : Industrials

ISIN Code : INE228I01012

  • NSE
  • BSE
  • 1D
  • 5D
  • 1M
  • 6M
  • 1Y
  • 2Y
  • 5Y
  • MAX

Last Updated: Mar 02 2024 | 12:00 AM IST

Market Cap (₹ Cr)

388

Turnover (₹ Cr)

0.00

Volume (Shares)

1500

Face Value

10

52-WK High

348.00

52-WK High Date

23 Feb 2024

52-WK Low

171.20

52-WK Low Date

17 Mar 2023

All Time High

447.00

All Time High Date

04 Aug 2021

All Time Low

51.05

All Time Low Date

09 Apr 2013

Asahi Songwon Colors Ltd

Asahi Songwon Colors Limited was originally incorporated on December 19 1990 as a private limited company called Lucky Laminates Private Limited in State of Gujarat. In the year 1995-96 the High Court of Gujarat approved the Scheme of Amalgamation of Asahi Dyechem Pvt. Ltd. On April 19 1996 the Company got converted into Public Company and on the same day Company's name was changed to Asahi Songwon Colors Limited.The Company is engaged in manufacturing & export of color pigments and its derivatives and its manufacturing facility is located at Padra in the district of Vadodara Gujarat.The company has set up plant to manufacture Pigment Green -7 at Kadi Mehsana with an initial capacity of 180 TPA with total capital expenditure of Rs.40 million. The commercial production of this plant commenced in the year 1991. In the year 1995- 96 the company has entered into a joint venture agreement with Songwon Color Company Limited (SCCL) South Korea with financial investment and supply of technology for manufacture of Green Crude. On entering the technical collaboration with SCCL ASCL installed a plant for manufacturing Green Crude at a total cost of about Rs.35 million which enhanced its installed capacity from 180 TPA to 600 TPA.Subsequently ASCL further expanded its installed capacity to 900 M.T in 2002 and to 1080 MT in the year 2005-06 with a capital expenditure of Rs. 35 million.May 2007 the company has entered into capital market. The company has issued 3722222 Equity shares to the public. Issue price is Rs.90/- per share.CPC Blue Crude and new facility to manufacture Beta Blue pigment was commissioned in March 2008.In 2014-15 the CPC Division of the Company was demerged and transferred into AksharChem (India) Limited through the Scheme of Arrangement for Demerger which became effective from December 2 2014. Consequent to the Scheme becoming effective shareholders of the Company were allotted 5 fully paid up equity shares of Rs 10 each of AksharChem (India) Limited for every 26 equity share held by them in the Company as on the record date i.e. February 3 2015. During the year 2016-17 promoters family trust Mrugesh Jaykrishna Family Trust -1 and Gokul M. Jaykrishna Family Trust made an open offer for acquisition of shares of the Company. Accordingly during the year 400000 (3.26%) equity shares held by Mrs. Paru M. Jaykrishna and 411766 (3.36%) equity shares held by Mr. Munjal M. Jaykrishna of the Company were transferred to Mrugesh Jaykrishna Family Trust -1 and 1505049 (12.26%) equity shares held by Mr. Gukul M. Jaykrishna and 1093283 (8.91%) equity shares held by Mr. Munjal M. Jaykrishna were transferred to Gokul M. Jaykrishna Family Trust through the direction of aforesaid SEBI order. Further Mrugesh Jaykrishna Family Trust -1 and Gokul M. Jaykrishna Family Trust has acquired 242991 (1.98%) and 125177 (1.02%) Equity Shares of the Company through the stock exchange respectively during the year. The total promoter shareholding of the Company was increased to 65.28% from 62.28%. And as a result the name/status of the promoter company was changed from Intercon Finance Private Limited to Chelsea Marketing LLP.In 2017-18 promoters family trust Mrugesh Jaykrishna Family Trust -1 and Gokul M. Jaykrishna Family Trust has acquired 11000 (0.09%) and 5500 (0.04%) Equity Shares of the Company through the stock exchange respectively. The total promoter shareholding of the Company hence stands increased from 65.28% to 65.41%. Resulting this promoter company Chelsea Marketing LLP holding 600 equity shares of the Company sold its holding.In 2018-19 Mrugesh Jaykrishna Family Trust -1 and Gokul M. Jaykrishna Family Trust acquired 26000 (0.21%) and 23000 (0.19%) Equity Shares of the Company through the stock exchange respectively. The total promoter shareholding of the Company was increased from 65.41% to 65.81%.

Asahi Songwon Colors Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

388

EPS - TTM (₹) [S]

0.00

P/E Ratio (X) [S]

1.51

Face Value (₹) 10
Latest Dividend (%)5.00
Latest Dividend Date 21 Sep 2023
Dividend Yield (%) 0.15
Book Value Share (₹) [S]218.09
P/B Ratio (₹) [S]1.51
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

325.75

332.00

Week Low/High

305.70

348.00

Month Low/High

303.85

348.00

Year Low/High

171.20

348.00

All time Low/High

11.70

447.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-1.25%-1.17%0.910.75%
1 Month6.30%6.33%2.392.40%
3 Month15.27%15.61%9.3710.41%
6 Month43.17%43.36%12.8815.14%
1 Year74.57%73.97%25.2929.19%
3 Year16.31%16.89%46.7450.00%

Company Info

Company Information

Chairperson & M D : Paru M Jaykrishna

Independent Director : R K Sukhdevsinhji

Independent Director : Arvind Goenka.

Independent Director : Pradeep Jha

Joint Managing Director & CEO : Gokul M Jaykrishna

Director : Munjal M Jaykrishna.

Company Sec. & Compli. Officer : Saji V Joseph

Independent Director : JAYPRAKASH MANEKLAL PATEL

Director : Arjun Gokul Jaykrishna

Independent Director : Shivani Revat Lakhia

Registered Office: Asahi Hse 13 Aaryans Corp Park, Thaltej-Shilaj Road Thaltej,Ahmedabad,Gujarat-380059 Ph: 91-79-39825000

Email:cs@asahisongwon.com

URL:http://www.asahisongwon.com