Asahi Songwon Colors Ltd. · NSE:ASAHISONG
Asahi Songwon Colors — Q4 FY2026 Earnings Presentation
31 slides from Asahi Songwon Colors's earnings presentation, May 30, 2026
Slide 1: Stock exchange submission letter for Q4FY26 investor presentation
® * Asah1Songwon Ref: ASCL/SEC/2026-27 / 19 May 30, 2026 1. To, 2. To, The General Manager The General Manager (Listing) Department of Corporate Services National Stock Exchange of India Ltd BSE Limited 5 th Floor, Exchange Plaza 1st Floor, New Trading Ring Plot No. C/ 1, G Block Rotunda Building, P
Slide 2: Investor Presentation Q4FY26
Investor Presentation ASAHI SONGWON COLORS LIMITED Q4FY26 BSE CODE: ASAHISONG | 532853 NSE CODE: ASAHISONG
Slide 3: About Our Company Our Business
01 About Our Company 03-09 02 Our Business Canvas 10-15 03 Strategic Advantages and Investment Merits 16-19 04 Financial Statement Summary 20-23 05 Quarterly Highlights 24-28
Slide 4: About Our Company
About Our Company 01/05 Corporate Portrait 04 Strengthening 05 Business Model Global Footprint 06 Serving Leading Brands 07 Board of Directors 08
Slide 5: Strong Long-Standing Manufacturing Expertise
Asahi Songwon Colors Limited is one 4 3 19 of the leading manufacturers of blue MANUFACTURING DECADES OF EXPORTING FACILITIES MANUFACTURING COUNTRIES (Phthalocyanine) pigments for ink, EXPERTISE plastics, paint, textile and paper industry with globally benchmarked manufacturing capabilities. Recentl
Slide 6: Our Journey
Our Journey 2014 2024 Reducing costs and Ramping up 2019 - 2025 operations Number of Production Facility: 01 Number of Production Facility: 04 Ready for the Multi Product – Blue Pigments, End use industry next leg of growth Single Product – Blue Pigments diversification - Over AZO Pigments, API the
Slide 7: List of countries we export to
List of countries we export to 1. USA 11. Malaysia 16 2. Korea 12. Philippines 3. Japan 13. Singapore 05 4. Spain 14. Taiwan 01 09 03 5. Belgium 15. UAE 04 08 02 6. South Africa 16. UK 18 7. Brazil 17. Vietnam 19 14 15 8. China 18. Bangkok 17 12 9. Italy 19. Thailand 11 10. Indonesia 13 10 07 06 69%
Slide 8: Over 3 decades of customer relationships
WE HAVE COME A LONG WAY FROM OUR HUMBLE BEGINNINGS TO BECOME A PREFERRED SUPPLIER BY ENHANCING OUR PRODUCT PORTFOLIO TO OFFER A FULL RANGE OF ORGANIC PIGMENTS. We have not lost a single customer in over 3 decades of our existence. We have Supply agreement Supply agreement Repeat business for maintai
Slide 9: Board of Directors
Mrs. Paru M. Jaykrishna Mr. Gokul M Jaykrishna Mr. Samveg Lalbhai Mr. Maulik Mehta CHAIRPERSON & MANAGING MANAGING DIRECTOR DIRECTOR DIRECTOR DIRECTOR Mr. Maulik Mehta holds a Master’s She holds a Bachelor's degree in Law, A major in Finance with a minor in He holds a graduate degree in Commerce in
Slide 10: Board of Directors (continued)
Mr. Rupesh Shah Mr. Anil Jain Mr. Arjun G Jaykrishna Mrs. Shivani Revat Lakhia Mr. Mitesh Patel DIRECTOR CHIEF EXECUTIVE OFFICER & DIRECTOR EXECUTIVE DIRECTOR DIRECTOR EXECUTIVE DIRECTOR He is a veteran of the chemical A Bachelor of Science in Chemical She is an advocate with With over 18 years of M
Slide 11: Our Business Canvas
Our Business Canvas 02/05 Phthalocyanine Pigments – 11 Our Mainstay Manufacturing Facility – 12 Padra Unit Azo Pigments – 13 Growth Driver Manufacturing Facility – 14 Dahej Unit Acquisition of Atlas 15 Life Sciences
Slide 12: Phthalocyanine Pigments: Product Category Characteristics
AT ASAHI, WE LEVERAGE OUR EXPERIENCE AND EXPERTISE TO MANUFACTURE PHTHALOCYANINE PIGMENTS FOR THE PRINTING INK, PACKAGING INK, PAINT, PLASTIC, AND TEXTILE INDUSTRIES. Product Category Characteristics In the last 15 years, the competitive landscape in phthalocyanine pigments has changed. India has no
Slide 13: Manufacturing Facility - Padra Unit
2004 AVAILABLE AREA PRODUCTS WASTE AND FOR FURTHER MANUFACTURED: EFFLUENT EXPANSION – PHTHALOCYANINE TREATMENT 25,000 SETUP IN PIGMENTS FACILITIES AVAILABLE • CPC Blue crude SQ. MT. • Beta Blue • Alpha Blue NO FORCED POLLUTION SHUTDOWNS SITUATED ON IN THE LAST DECADE 98,000 SQ. MT. PLOT GREEN COVER
Slide 14: Why AZO Pigments? China +1: A Strong Tailwind
Why AZO Pigments? China +1: A Strong Asahi Songwon has Tailwind entered into a joint High demand that is largely met through The global organic and specialty venture with the UK's imports from China pigment market is estimated at leading colour $5 billion and Azo is the largest manufacturer, in volu
Slide 15: Manufacturing Facility - Dahej Unit
2020 AVAILABLE CAPACITIES • 2,400 TPA SETUP IN Red & Yellow Pigments SITUATED ON WASTE AND 60,000 EFFLUENT TREATMENT FACILITIES SQ. MT. PLOT AVAILABLE CAPACITIES AVAILABLE AREA EXPANDABLE UPTO FOR FURTHER 40,000 EXPANSION TO MEET FUTURE DEMAND REQUIREMENTS SQ. MT ASAHI SONGWON COLORS LIMITED 14 INVE
Slide 16: Acquisition of Atlas Life Sciences
2004 10 PRODUCTS UNDER RESEARCH AND DEVELOPMENT, Financial Highlights INCORPORATED IN INCLUDING 6 NEW FY26 (₹ IN CRORE) MOLECULES AND AUDITED FIGURES INTERMEDIATES FOR EXISTING PRODUCTS REVENUE KEY PRODUCTS INCLUDE • Pergabalin ODHAV PLANT CURRENTLY RUNNING AT OPTIMUM 112.94 CAPACITY UTILIZATIONS •
Slide 17: Strategic Advantages and Investment Merits
Strategic Advantages and Investment Merits 03/05 Strategic Advantages 17 Investment Merits 18 Atlas Growth Strategy 19
Slide 18: Strategic Advantages
HIGH LEAD TIME REALIGNMENT OF STRATEGIC LOCATION Customer approvals take long time. GLOBAL SUPPLY CHAIN The new plant at Dahej brings However, once the relationship is The Chinese government's Asahi in the cluster of chemical established, it becomes difficult for crackdown a few years ago companies.
Slide 19: Investment Merits
The ramp-up of Strong Strong technical Consolidation in Foray into API capacity Balance Sheet capabilities the global utilisation in Azo backed pigment industry and the addition by technological positions the of new capacity tie up with company in the API industry leaders advantageously. business ar
Slide 20: Atlas Growth Strategy: R&D and Pipeline
Investment in Capacity Further Brand Product Expand Export R&D and Pipeline Utilization Development Pipeline Business • Investment in R&D • Upgrade • Leverage strong • Transitioning from • Over the next few to improve our manufacturing brand and a single-product years, we aim to production standards
Slide 21: Financial Statement Summary
Financial Statement Summary 04/05 Summary of P&L 21 Summary of Balance Sheet 22 Summary of Cash Flow 23 Statement
Slide 22: Summary of P&L
PARTICULARS FY22 FY23 FY24 FY25 FY26 Revenue from Operations 410.82 504.55 426.24 562.36 535.48 Other Income 5.61 5.86 2.81 4.04 6.70 Total Income 416.43 510.41 429.05 566.40 542.18 Total Operating Expenses 378.87 499.27 407.98 506.18 485.65 EBITDA (Including Other Income) 37.56 11.14 21.07 60.22 56
Slide 23: Summary of Balance Sheet
PARTICULARS FY22 FY23 FY24 FY25 FY26 Total Equity (Net Worth) 284.43 260.05 265.95 282.50 297.88 Non-Current Liabilities 44.68 75.77 91.18 80.89 65.16 Current Liabilities 140.56 210.88 217.62 226.57 239.98 Total Equity and Liability 469.67 546.70 574.74 589.96 603.01 Non-Current Assets 241.43 310.70
Slide 24: Summary of Cash Flow Statement
PARTICULARS FY22 FY23 FY24 FY25 FY26 Cash Flow from Operating Activities (0.38) 29.97 8.73 57.92 43.24 Cash Flow from Investing Activities (28.16) (77.21) (13.14) (5.39) (6.78) Cash Flow from Financing Activities 28.38 47.49 4.37 (49.49) (38.00) Net increase/(decrease) in cash and cash equivalents (
Slide 25: Quarterly Highlights
Quarterly Highlights 05/05 Key Highlights 25 Management Commentary 26 Financial Statement 28 Summary
Slide 26: Key Highlights: Q4FY26 Revenue, EBITDA, PAT
Exports Vs Domestic Consolidated Revenue Break-up - Standalone TOTAL REVENUE ₹147.54 Cr. 5.70% 19.40% 31% EBITDA ₹23.02 Cr. EXPORTS 30.20% 122.19% 69% DOMESTIC PAT ₹10.82 Cr. 57.46% 378.05% v/s Q4FY25 v/s Q3FY26 Note: EBITDA Includes Other Income ASAHI SONGWON COLORS LIMITED 25 INVESTOR PRESENTATION
Slide 27: Management Commentary
Q4FY26 was a strong quarter for our Elevated raw material and KSM prices, driven phthalocyanine pigment business, with healthy largely by ongoing geopolitical tensions, weighed growth in both revenues and profitability. While on input costs, while Chinese competition added volume growth was modest,
Slide 28: Management Commentary: Azo business
MANAGING DIRECTOR In the Azo business, we have continued to grow steadily in volumetric terms despite a challenging operating environment. We are pleased to report that both the API and Azo businesses have achieved EBITDA positivity for the full year, reflecting the sustained efforts on sales growth
Slide 29: Q4FY26 Financial Statement Summary
Q-o-Q Y-o-Y Y-o-Y PARTICULARS Q4FY25 Q3FY26 Q4FY26 FY25 FY26 Change Change Change Revenue from Operations 152.75 120.65 144.05 19.40% (5.70)% 562.36 535.48 (4.78)% Other Income 0.61 0.10 3.49 3,407.83% 468.37% 4.04 6.70 65.79% Total Income 153.37 120.75 147.54 22.19% (3.80)% 566.40 542.18 (4.28)% To
Slide 30: Disclaimer
Disclaimer This investor presentation has been prepared by Asahi Songwon Colors Limited and does not constitute a prospectus or placement memorandum or an offer to acquire any securities. This presentation or any other documentation or information (or any part thereof) delivered or supplied should n
Slide 31: Thank You
Thank You “Asahi House” Contact Us 20, Times Corporate Park, Thaltej - Shilaj Road, Thaltej, Mr. Saji Joseph Mr. Diwakar Pingle cs@asahisongwon.com Diwakar.pingle@in.ey.com Ahmedabad - 380059. Tel: 079 4832 9999 Mr. Abhishek Mehra abhishek@theinvestmentlab.in
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