Asahi Songwon Colors Ltd Multibagger Long term

Asahi Songwon Colors Ltd Multibagger Long term

• Asahi Songwon Colors Ltd.   is in the business of manufacturing pigments.  Pigments are basically colourants, adding colour to everything  around us, namely ink, paints, plastics, textiles, rubber etc. 
• It is a leading player in the Indian Pigment industry and intends to become a leading manufacturer of pigments around the world. The company is in the manufacturing of the Pigment Green-7 / CPC Beta Blue and Blue Crude, exporting substantial production to leading MNCs around the world on account of quality of its products. 
• ASCL has carried out an expansion plan with a capital outlay of Rs 52 crores  to enhance the production capacity of CPC Blue Crude from present level of 3600 TPA to 10800 TPA.  The company is in the process of adding new products in its basket in future. This will help the company margins to improve and grwo further
• ASCL was promoted by Mrs. Paru M. Jaykrishna, having rich business experience in the field of manufacturing Pigments & Chemicals and Travel Industry. Mrs. Paru M. Jaykrishna started Pigment Manufacturing activities in 1994 by setting up plant for manufacturing Pigment Green – 7 at Kadi, Mehsana in Gujarat. She was also  President of Gujarat Chamber of Commerce and Industry (GCCI), first lady elected for this post in Gujarat's Chamber history.
• The Company’s Blue pigment clientele comprises global giants like DIC (Japan), Sun Chemicals (USA), Clariant Chemical India Ltd. and BASF (Korea).This shows the companies strong presence in business and ability to leverage further.
• The total sales of the Company for 2013-14 increased from 23,217 lac to 30,201 lac which is a hefty growth of over 30%. The profit after tax (PAT) increased by 41% from 1,036 lac to 1,459 lac in the previous year.
• A company which is showing good growth anf strong client base and create management is a recipe for success.
• With PE of just 12 and unique business is going to take ther business to new heights and we expect to stock to reach 300 Rs in next 2 to 3 years from current price.