Asahi Songwon Colors Limited FY26 Annual Results

Regulatory Disclosure & Compliance

Financial Performance Highlights

Consolidated Results:

  • Revenue from Operations: ₹535.48 crore (down 4.78% YoY)
  • EBITDA: ₹56.53 crore with margin of 10.43%
  • Profit After Tax: ₹17.78 crore (up 5.48% YoY)
  • Earnings Per Share: ₹15.92

Standalone Results:

  • Revenue from operations: ₹34,413.90 lakhs (down 12% YoY)
  • Profit Before Tax: ₹3,121.71 lakhs (down 9.94% YoY)
  • Profit After Tax: ₹2,245.63 lakhs (down 12% YoY)
  • EPS: ₹19.05 (down from ₹21.62 previous year)

Business Segment Performance

Phthalocyanine Pigments: Maintained strong performance with 80-85% utilization and Q4 EBITDA margin reaching 15.6%, with zero product returns in over three decades.

Azo Pigments: Achieved EBITDA positivity and cash break-even with revenue of ₹78.94 crore and installed capacity of 2,400 TPA at Dahej, driven by domestic market growth.

Active Pharmaceutical Ingredients (API): Achieved EBITDA positivity and cash break-even through Atlas Life Sciences with revenue of ₹112.94 crore and volume growth of ~18% CAGR over past three years.

Corporate Actions & Leadership

Board recommended final dividend of ₹1.50 per equity share (15% of face value ₹10) for FY 2025-26, subject to shareholder approval at 36th AGM. Record date fixed as September 23, 2026. Arjun Jaykrishna was appointed as Chief Executive Officer during the year, with Gokul Jaykrishna continuing as Managing Director focusing on strategy.

Financial Position & Ratios

Total assets stood at ₹48,032.35 lakhs (standalone) and ₹60,301.02 lakhs (consolidated). Current ratio was 1.24 with debt equity ratio of 0.23. The company maintained CARE A rating for long-term facilities with Positive outlook and CARE A1 for short-term facilities.

Operational Highlights

The company operates 4 manufacturing units in Gujarat across 3 business verticals, serving 101 customers across 19 export markets. Exports contributed 69% of standalone revenue, with 80% process water recycled across sites and zero forced pollution shutdowns in a decade.