Asahi Songwon Colors Limited (ASAHISONG) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Asahi Songwon Colors Limited stock ₹271, price ₹369, that is 26.7% below the price, quality 54 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range ₹171.46 – ₹566.84 · fair‑value band ₹203.01 – ₹338.35 · the ₹369.40 price screens above the ₹270.68 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 9, 2026.
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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.
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The company's products are used in coatings, paints, printing inks, plastics, pharmaceuticals, textiles, rubber, and paper industries. It also exports its products. The company was incorporated in 1990 and is headquartered in Ahmedabad, India.
Stock analysis
Asahi Songwon Colors Limited (ASAHISONG) currently trades at ₹369.40, while our model-based Fair Value estimate is ₹270.68, 27% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of ₹419.20 per share, and 9 of the 26 models we run sit above the ₹369.40 price.
Bear case: the Asset-Based group reads lowest at ₹138.06, and 17 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: ₹203.01 (bear) to ₹338.35 (bull), the price of ₹369.40 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 54/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Asahi Songwon Colors Limited reported revenue of ₹5.4B in FY2026 versus ₹4.1B in FY2022, a compound +6.9%/yr. Reported net income was ₹188M in FY2026, compounding −0.8%/yr from FY2022.
Key figures
Market cap ₹4.4B (≈ $46.4M) Micro · P/E ratio 12.0 · P/S ratio 0.76 · EPS (TTM) ₹30.78 · Dividend yield 0.4% · Net margin 6.1% · Return on equity 6.1% · Return on assets (EBIT) 5.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The share trades about 8% below its 52-week high and 103% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −41% fair-value upside, at −27%, ASAHISONG screens cheaper than that median.
Fair Value models
Bear₹203.01Fair Value ₹270.68Bull₹338.35
Price ₹369.40 · Downside -26.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹18.05 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−4.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.8%
Start year 2021 (pandemic). Over 10 years: +9.1% a year
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.3%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−2.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.1%
Dividend (yield on the price)0.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−3.1% vs −0.7%, steady
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.15% → 6%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+14.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +10.0% a year for the price.
Compare Asahi Songwon Colors Limited with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Specialty Chemicals · 756 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside−26.7% · Below median
Profitability
Return on equity (12 months)6.1% · Below median
Return on assets3.1% · Above median
Net margin (12 months)6.1% · Above median
Operating margin (12 months)14.4% · Above median
Growth and dividend
Revenue growth (quarter YoY)26.0% · Above median
Dividend yield (12 months)0.4% · Bottom 25%
Balance sheet
Debt / equity0.15× · Above median
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
P/E (12 months)12.0× · Cheaper than median
P/B1.60× · Cheaper than median
P/S (12 months)0.76× · Cheaper than median
Price / free cash flow (fiscal year)17.1× · Cheaper than median
EV/EBITDA6.6× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 4
FUTURE (revenue growth)100· sector 65
PAST (return on equity)25· sector 25
HEALTH (low debt)92· sector 95
DIVIDEND (yield)8· sector 30
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Asahi Songwon Colors Limited (ASAHISONG) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of ₹270.68 versus a price of ₹369.40, about 27% lower (overvalued).
What is the fair value of ASAHISONG?
Our model-based fair value for Asahi Songwon Colors Limited is ₹270.68 (as of Nov 9, 2026), built from audited fundamentals. The current price: ₹369.40.
What is the quality score of ASAHISONG?
Asahi Songwon Colors Limited has a Quality Score of 54/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Asahi Songwon Colors Limited (ASAHISONG)?
Our model-based price target is the fair value of ₹270.68 (as of Nov 9, 2026) from 26 valuation models. Cautious scenario ₹203.01, optimistic scenario ₹338.35. It is a calculation from audited fundamentals, not an analyst target.
What is the Asahi Songwon Colors Limited stock forecast for 2026?
Our models put fair value at ₹270.68, about 27% lower versus a price of ₹369.40 (overvalued). Cautious scenario ₹203.01, optimistic scenario ₹338.35. The calculation is refreshed regularly with new filings.
What is the revenue of Asahi Songwon Colors Limited (ASAHISONG)?
Asahi Songwon Colors Limited reported trailing-twelve-month revenue of about ₹5.7B (latest available figure, as of Nov 9, 2026).
Does Asahi Songwon Colors Limited pay a dividend?
Asahi Songwon Colors Limited currently shows a dividend yield of 0.41% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Asahi Songwon Colors Limited (ASAHISONG) and when is the ex-dividend date?
Asahi Songwon Colors Limited pays a dividend of ₹1.50 per share a year, a dividend yield of 0.4%. The last ex-dividend date was Sep 23, 2026. A dividend has been paid every year since at least 2011. The payout ratio is 4.9% of earnings. Free cash flow covers the dividend 14.42 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Asahi Songwon Colors Limited (ASAHISONG)?
For today's price to be fair in a discounted-cash-flow model, Asahi Songwon Colors Limited would have to grow free cash flow by +14.5 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +13.9 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of ASAHISONG use?
Our models discount Asahi Songwon Colors Limited at 10.9 %: a base by market capitalisation (nano), damped by beta 0.27, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Asahi Songwon Colors Limited that is +14.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has Asahi Songwon Colors Limited (ASAHISONG) delivered so far?
Over the past 5 years revenue at Asahi Songwon Colors Limited grew +13.9 % a year. The price currently implies free-cash-flow growth of +14.5 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Asahi Songwon Colors Limited (ASAHISONG) growing?
The median revenue growth in the sector is +8.7 % a year. That is the yardstick for the growth priced into Asahi Songwon Colors Limited (+14.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Asahi Songwon Colors Limited (ASAHISONG)?
The free-cash-flow yield on the price is 5.86 %: that much free cash flow Asahi Songwon Colors Limited produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Asahi Songwon Colors Limited (ASAHISONG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Asahi Songwon Colors Limited it is ₹270.68 per share (as of Nov 9, 2026), against a price of ₹369.40. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Asahi Songwon Colors Limited stock overvalued or undervalued in 2026?
As of Nov 9, 2026, ASAHISONG trades above its calculated fair value: price ₹369.40, fair value ₹270.68, a gap of about −27% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ASAHISONG?
No. The price is what the market pays today (₹369.40); the fair value is what the company's own numbers justify (₹270.68). For Asahi Songwon Colors Limited the two are ₹98.72 per share apart. That gap is exactly why we show both numbers side by side.
How much is Asahi Songwon Colors Limited worth?
The market values Asahi Songwon Colors Limited at about ₹4.4B (market capitalisation, as of Nov 9, 2026). Per share that is ₹369.40; our models calculate a fair value of ₹270.68 per share.
What do the bullish and bearish scenarios say about ASAHISONG?
Our models span a range for Asahi Songwon Colors Limited: cautious scenario ₹203.01, base ₹270.68, optimistic ₹338.35 per share (as of Nov 9, 2026, price ₹369.40). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ASAHISONG?
Asahi Songwon Colors Limited trades at a price-to-earnings ratio of 12.0 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹270.68 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2026), reported earnings: 13.6. Other multiples: P/B 1.6, P/S 0.8, EV/EBITDA 6.6.
How solid is the balance sheet of Asahi Songwon Colors Limited (ASAHISONG)?
Balance-sheet figures for Asahi Songwon Colors Limited (as of Nov 9, 2026): return on equity 6.1%, debt of 0.15 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is ASAHISONG from its 52-week high?
Asahi Songwon Colors Limited trades at ₹369.40, about 8% below its 52-week high of ₹402.75 and 103% above the low of ₹182.04 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of ₹270.68 is for.
Which stocks are comparable to Asahi Songwon Colors Limited?
From the same area (Basic Materials) we also value Linde plc, Ecolab Inc, The Sherwin-Williams Company, Air Products and Chemicals, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Asahi Songwon Colors Limited stock attractive at the current price?
The data as of Nov 9, 2026: price ₹369.40, calculated fair value ₹270.68 (−27%), Quality Score 54/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ASAHISONG calculated?
We run Asahi Songwon Colors Limited through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ₹270.68 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Asahi Songwon Colors Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Asahi Songwon Colors Limited (ASAHISONG)?
The closing price on Nov 9, 2026 was ₹369.40. Our model-based fair value is ₹270.68, about 27% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Asahi Songwon Colors Limited right now?
The price sits above even our optimistic bull case (₹338.35). The favourable scenario is already priced in. Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Asahi Songwon Colors Limited (ASAHISONG) come from?
Earnings per share at Asahi Songwon Colors Limited grew −0.5 % a year from 2015 to 2026. Broken into its drivers: revenue per share +9.2 %, EBIT margin −2.9 %, tax rate +1.5 %, residual (interest, one-offs) −7.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Asahi Songwon Colors Limited
How large is the market capitalisation of Asahi Songwon Colors Limited (ASAHISONG)?
The market capitalisation of Asahi Songwon Colors Limited is ₹4.4B (≈ $46.4M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Asahi Songwon Colors Limited (ASAHISONG)?
The price-to-sales ratio of Asahi Songwon Colors Limited is 0.76 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Asahi Songwon Colors Limited (ASAHISONG)?
Earnings per share at Asahi Songwon Colors Limited are ₹30.78 (price ÷ EPS = P/E 12.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Asahi Songwon Colors Limited (ASAHISONG)?
The dividend yield of Asahi Songwon Colors Limited is 0.4% (payout 4.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Asahi Songwon Colors Limited (ASAHISONG)?
The net margin of Asahi Songwon Colors Limited is 6.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Asahi Songwon Colors Limited (ASAHISONG)?
The return on equity (ROE) of Asahi Songwon Colors Limited is 6.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Asahi Songwon Colors Limited (ASAHISONG)?
On an EBIT basis the return on assets of Asahi Songwon Colors Limited is 5.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Asahi Songwon Colors Limited (ASAHISONG)?
The operating margin of Asahi Songwon Colors Limited is 14.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Asahi Songwon Colors Limited (ASAHISONG)?
Revenue at Asahi Songwon Colors Limited is growing +26.0% versus a year earlier (3y avg +2.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Asahi Songwon Colors Limited (ASAHISONG)?
Earnings per share at Asahi Songwon Colors Limited are growing +509% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Asahi Songwon Colors Limited (ASAHISONG) carry?
The net debt of Asahi Songwon Colors Limited is ₹1.4B (fiscal year 2026, ≈ 5.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 9, 2026