Asahi Songwon Colors Ltd.

Financial

	Asahi Songwon Colors	Bhatia Colour Chem	Vipul Organics
Operational Metrics
Paints & Coatings Sector
Manufacturing Capacity - Pigments	16200.0 MTPA	n/a	n/a
Unclassified
R&D as a % of Total Sales	0.08 %	n/a	n/a
Financials
5 yr Average ROE	7.33 %	3.69 %	10.86 %
5yr average Equity Multiplier	1.99	2.05	2.54
5yr Average Asset Turnover Ratio	0.86	0.73	1.06
5yr Avg Net Profit Margin	5.31 %	3.05 %	3.96 %
Price to Book	1.66	0.0	5.62
P/E	23.86	116.89	81.21
5yr Avg Cash Conversion Cycle	74.14 Days	208.4 Days	44.57 Days
Inventory Days	64.14 Days	257.77 Days	68.89 Days
Days Receivable	98.27 Days	256.96 Days	95.41 Days
Days Payable	75.13 Days	362.91 Days	154.69 Days
5yr Average Interest Coverage Ratio	7.71	3.91	5.72
5yr Avg ROCE	6.6 %	6.13 %	16.11 %
5yr Avg Operating Profit Margin	8.55 %	6.32 %	10.28 %
5 yr average Debt to Equity	0.47	0.6	0.59
5yr CAGR Net Profit	-2.56 %	46.0 %	-6.92 %
5yr Average Return on Assets	4.4 %	2.05 %	4.17 %
Shareholdings
Promoter Holding	66.83 %	45.85 %	68.64 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.19 %	1.71 %	2.42 %
Change in Mutual Fund Holding (3 Yrs)	0.0	0.0	0.0

Business

	Asahi Songwon Colors	Bhatia Colour Chem	Vipul Organics
Product Wise Break-Up	Product Wise Break-Up Phthalocyanine 66.0 API 22.0 AZO 12.0 Chemicals & Dyes 0 0	Product Wise Break-Up AZO 0 Chemicals 100.0 Phthalocyanine 0 0 API 0	Product Wise Break-Up AZO 0 Chemicals & Dyes 0 Phthalocyanine 0 Dyes & Pigments 100.0 API 0
Location Wise Break-Up	Location Wise Break-Up Rest of the World 56.0 India 44.0	Location Wise Break-Up Rest of the World 0 India 100.0	-
Operating Profit Break-Up	Operating Profit Break-Up Others 100	-	-
Asset Break-Up	Asset Break-Up Others 100	-	-
Segment Wise Break-Up	Segment Wise Break-Up API 83.12 Pigments 16.88	-	-