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Asahi Songwon Colors Limited (ASAHISONG) Fair Value & Analysis

Basic Materials · IN · Market cap ₹3.0B

AS Asahi Songwon Colors Limited ASAHISONG · NSE
Price₹329.50
Fair Value₹270.68
Upside-17.9%
Quality52/100
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Mixed Growth
Thin margins · 3.5% net margin
Low debt · generates free cash flow
0.58% dividend yield
Ranks above peers (9/14)
Narrow moat 39/100
Evidence: High Range ₹198.97 – ₹338.35 Share as image

Fair value as of: Aug 2, 2026

From 26 valuation models · updated 11 days ago

Share price +16.0% over the past month.

A solid business, but screening 18% overvalued on our models.

What matters now

  • Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
  • Our model range runs from ₹198.97 (bear) to ₹338.35 (bull), base ₹270.68. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 52/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

₹569.14 ₹172.16 Fair Value ₹270.68 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

60‑month range ₹172.16 – ₹569.14 · fair‑value band ₹198.97 – ₹338.35 · the ₹329.50 price screens above the ₹270.68 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 2, 2026.

Full chart & analysis →

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Analysis

Asahi Songwon Colors Limited (ASAHISONG) currently trades at ₹329.50, while our model-based Fair Value estimate is ₹270.68, implying the stock looks roughly 17.9% overvalued today. The Quality Score stands at 52/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Asahi Songwon Colors Limited generated revenue of ₹5.4B at a net margin of 3.5%. Revenue declined 5.7% year over year. It earns a return on equity of 6.1%. Net debt stands at ₹1.4B. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹198.97 (bear case) to ₹338.35 (bull case); at ₹329.50, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 27% below its 52-week high and 83% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at -18%, ASAHISONG screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Growth DCF ₹224.62 ₹392.72 ₹656.92 80
Residual Income ₹182.38 ₹189.49 ₹198.04 76
Rev-Margin DCF ₹211.00 ₹379.89 ₹592.61 74
All 26 models by family
DCF Models
FCF DCF ₹225.74 ₹407.50 ₹702.46 38
Owner Earnings ₹291.14 ₹519.16 ₹889.20 31
5Y Revenue Exit ₹211.00 ₹383.09 ₹613.00 39
5Y EBITDA Exit ₹246.98 ₹455.59 ₹712.72 41
5Y P/E Exit ₹178.37 ₹317.30 ₹471.54 38
10Y Revenue Exit ₹206.02 ₹367.39 ₹606.60 36
10Y EBITDA Exit ₹236.78 ₹418.67 ₹686.44 37
10Y P/E Exit ₹192.70 ₹320.87 ₹493.34 35
Earnings-Based
Graham-Dodd ₹108.27 ₹463.64 ₹633.40 54
Lynch FV ₹118.59 ₹169.42 ₹220.24 50
PEG = 1.0 ₹118.59 ₹169.42 ₹220.24 46
EPV ₹148.66 ₹177.06 ₹201.56 59
Dividend Discount
Gordon GGM ₹13.21 ₹26.31 ₹39.84 70
DDM Multi-Stage ₹13.21 ₹22.74 ₹27.77 61
Multiples
P/E Multiple ₹203.01 ₹270.68 ₹338.35 63
P/S Multiple ₹203.01 ₹270.68 ₹338.35 58
P/B Multiple ₹203.01 ₹270.68 ₹338.35 55
EV/EBIT ₹245.87 ₹338.21 ₹430.55 53
EV/EBITDA ₹285.85 ₹391.53 ₹497.20 54
EV/Revenue ₹208.93 ₹311.83 ₹414.72 43
Asset-Based
NCAV (Graham) ₹115.12 ₹154.26 ₹230.24 50
Growth DCF
Growth DCF ₹224.62 ₹392.72 ₹656.92 80
Rev-Margin DCF ₹211.00 ₹379.89 ₹592.61 74
Economic Profit
Residual Income ₹182.38 ₹189.49 ₹198.04 76
ROIC Compounder ₹148.66 ₹177.06 ₹201.56 72
Growth Earnings
Growth-Adj P/E ₹177.31 ₹253.29 ₹329.28 68

Widest divergence: DCF Models (₹383.09) versus Dividend Discount (₹22.74). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹5.4B
Revenue growth (YoY) -5.7%
Net margin 3.5%
Return on equity 6.1%
Free cash flow ₹255M FY2026
P/E ratio 16.0
More key figures
Operating margin 10.3%
EPS (TTM) ₹15.92
Dividend yield 0.6%
EPS growth (YoY) +42.4%
Net debt ₹1.4B FY2026

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 51 · Market factors (momentum, volatility) 59

Profitability 37
Margins and returns on capital today
Quality Growth 22
Are margins and returns improving?
Cashflow 55
Earnings quality: real cash, not paper profit
Fin. Strength 44
Balance sheet, leverage, solvency risk
Investment 82
Disciplined investing over empire-building
Low Volatility 61
Calm price path (market factor)
Momentum 64
Price trend over the last 3–12 months (market factor)
52W Momentum 50
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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, printing inks, plastics, pharmaceuticals, textiles, rubber, and paper industries. It also exports its products.

Full 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, 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

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.

Growth Quality 79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹5.4B
Latest YoY
−4.8%
Avg. growth/yr (3Y) 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.
+2.0%
Avg. growth/yr (5Y) 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.
+13.8%
Avg. growth/yr (21Y) 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.
+13.3%
Revenue +6.9%/yr
FY22 ₹4.1B
FY23 ₹5.0B
FY24 ₹4.3B
FY25 ₹5.6B
FY26 ₹5.4B
Net income −0.8%/yr
FY22 ₹194M
FY23 −₹116M
FY24 ₹200M
FY25 ₹198M
FY26 ₹188M
Character of growth · EPS growth decomposed (2015-2026) −0.5 % p.a.
Revenue per share +9.2 pp

of which total revenue +8.7 pp · buybacks/dilution +0.5 pp

EBIT margin −2.9 pp
Tax rate +1.5 pp
Residual (interest, one-offs) −8.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

ASAHISONG screens 18% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "Asahi Songwon Colors Limited Fair Value". https://www.fairvalue-calculator.com/stock/ASAHISONG

Peer Group

Specialty Chemicals · 674 stocks

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.

Quality Score 52 · Below median
Fair Value upside −18% · Above median
Return on equity (TTM) 6% · Above median
Return on assets 3% · Above median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 10% · Above median
Revenue growth -6% · Below median
Dividend yield (TTM) 0.6% · Below median
Debt / equity 0.15× · Higher than median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 16.0× · Cheaper than median
P/B 1.10× · Cheaper than median
P/S (TTM) 0.56× · Cheaper than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 6.8× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 9 · sector 0
FUTURE 0 · sector 19
PAST 25 · sector 23
HEALTH 92 · sector 95
DIVIDEND 12 · sector 25

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

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Asian Paints Limited ASIANPAINT ₹2,689 ₹668.81 -75%
Solar Industries India Limited SOLARINDS ₹18,236 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,560 ₹351.84 -77%
PT Chandra Asri Pacific Tbk TPIA 1,805 IDR 2,888 IDR +60%
Linde India Limited LINDEINDIA ₹7,115 ₹757.93 -89%
Berger Paints India Limited BERGEPAINT ₹493.70 ₹164.29 -67%

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Frequently asked questions

Is Asahi Songwon Colors Limited (ASAHISONG) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹270.68 versus a price of ₹329.50, about −18% (overvalued).
What is the fair value of ASAHISONG?
Our model-based fair value for Asahi Songwon Colors Limited is ₹270.68 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹329.50.
What is the quality score of ASAHISONG?
Asahi Songwon Colors Limited has a Quality Score of 52/100. 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 revenue of Asahi Songwon Colors Limited (ASAHISONG)?
Asahi Songwon Colors Limited reported trailing-twelve-month revenue of about ₹5.4B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of ASAHISONG?
The net profit margin of Asahi Songwon Colors Limited is about 3.5%, meaning it keeps roughly 3.5% of revenue as net income. Based on the latest reported figures.
Does Asahi Songwon Colors Limited pay a dividend?
Asahi Songwon Colors Limited currently shows a dividend yield of about 0.58% relative to its recent price (as of Aug 2, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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