Asahi Songwon zooms on hopes of 25% revenue growth in FY17

15 Jun 2016 Evaluate

Asahi Songwon Colors is currently trading at Rs. 203.10, up by 33.85 points or 20.00% from its previous closing of Rs. 169.25 on the BSE.    

The scrip opened at Rs. 171.50 and has touched a high and low of Rs. 203.10 and Rs. 171.50 respectively. So far 148216 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 177.90 on 06-Jan-2016 and a 52 week low of Rs. 108.00 on 25-Aug-2015.

Last one week high and low of the scrip stood at Rs. 174.00 and Rs. 151.00 respectively. The current market cap of the company is Rs. 249.25 crore.

The promoters holding in the company stood at 62.28% while Non-Institutions held 37.72%.

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%)
14-Jun-2024 16:01 View Price Chart
Peers
Company Name CMP
Sudarshan Chemicals 813.10
Bodal Chemicals 78.02
Shree Pushkar Chem 204.90
Kiri Industries 339.00
Bhageria Industries 166.90
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.