Asahi Songwon expects revenue growth of 25% in FY17: Report

15 Jun 2016 Evaluate

Asahi Songwon Colors is reportedly expecting a revenue growth of around 25 percent in the current fiscal year. The company is aiming to maintain its EBITDA margins at around 18 percent. The company’s capacity utilization was significantly higher in the first quarter of 2016 (75 percent versus average of 65 percent).

The company has spent Rs 8 crore on capital expansion of its pigment Alpha Blue and is planning another capex worth Rs 18 crore over the next two years.

Asahi Songwon Colors is in the business of manufacturing pigments. It is a leading player in the Indian Pigment industry and intends to become a leading manufacturer of pigments around the world.

Asahi Songwon Colors Share Price

396.80 -11.80 (-2.89%)
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