Asahi Songwon Colors Ltd. benchmarking: Performance to industry peers

Financial

	Asahi Songwon Colors	Bhatia Colour Chem	Poddar Pigments
Operational Metrics
Paints & Coatings
Manufacturing Capacity - Pigments	16200.0 MTPA	n/a	14100.0 MTPA
Unclassified
R&D as a % of Total Sales	0.04 %	n/a	n/a
Financials
5 yr Average ROE	7.68 %	3.9 %	8.06 %
5yr average Equity Multiplier	2.17	1.94	1.2
5yr Average Asset Turnover Ratio	0.85	0.8	0.87
5yr Avg Net Profit Margin	4.4 %	3.02 %	7.66 %
Price to Book	0.98	3.15	0.65
P/E	16.24	69.68	15.71
5yr Avg Cash Conversion Cycle	48.77 Days	154.76 Days	84.93 Days
Inventory Days	63.52 Days	205.38 Days	55.82 Days
Days Receivable	87.65 Days	190.92 Days	57.11 Days
Days Payable	85.08 Days	293.27 Days	26.9 Days
5yr Average Interest Coverage Ratio	6.72	3.96	64.03
5yr Avg ROCE	6.69 %	6.62 %	10.66 %
5yr Avg Operating Profit Margin	8.12 %	6.24 %	10.22 %
5 yr average Debt to Equity	0.58	0.51	0.01
5yr CAGR Net Profit	-9.32 %	47.74 %	-0.72 %
5yr Average Return on Assets	3.43 %	2.25 %	6.68 %
Shareholdings
Promoter Holding	67.0 %	39.67 %	62.43 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.27 %	-4.47 %	0.0
Change in Mutual Fund Holding (3 Yrs)	0.0	0.0	-0.01 %

	Asahi Songwon Colors	Bhatia Colour Chem	Poddar Pigments
Product Wise Break-Up	Product Wise Break-Up Phthalocyanine 66.0 API 22.0 AZO 12.0 Chemicals & Dyes 0 Special Master Batches 0	Product Wise Break-Up Phthalocyanine 0 AZO 0 API 0 Chemicals 100.0 Special Master Batches 0	Product Wise Break-Up Phthalocyanine 0 AZO 0 API 0 Chemicals & Dyes 0 Special Master Batches 100.0
Location Wise Break-Up	Location Wise Break-Up Rest of the World 64.0 India 34.0 Others 2.0	Location Wise Break-Up Rest of the World 0 India 100.0	Location Wise Break-Up Rest of the World 15.19 India 84.81
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 Pigments 58.42 API 41.58	-	-