{"id":317572,"date":"2026-10-21T09:09:23","date_gmt":"2026-10-21T03:39:23","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=317572"},"modified":"2026-10-21T09:09:23","modified_gmt":"2026-10-21T03:39:23","slug":"asahi-songwon-vs-primo-chemicals-vs-sadhana-nitro","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/asahi-songwon-vs-primo-chemicals-vs-sadhana-nitro\/","title":{"rendered":"Asahi Songwon vs Primo Chemicals vs Sadhana Nitro: Which Stock Should You Track"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Asahi Songwon Colors PE 12.50, mkt cap Rs 428 crore. Primo Chemicals PE 37.08, mkt cap Rs 593 crore. Sadhana Nitro Chem PE NA, mkt cap Rs 728 crore.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Asahi Songwon Colors vs Primo Chemicals vs Sadhana Nitro Chem is a side-by-side comparison of three companies from the specialty chemicals space. On this comparison, Asahi Songwon Colors carries a market capitalisation of about Rs 428 crore, against Rs 593 crore for Primo Chemicals and Rs 728 crore for Sadhana Nitro Chem, with return on equity of 6.92%, 3.78% and -19.02% respectively. Each company&#8217;s numbers are presented here without a declared preference, since the right stock depends on an investor&#8217;s own criteria.<\/p>\n<\/div>\n<p>Asahi Songwon Colors vs Primo Chemicals vs Sadhana Nitro Chem starts with the core numbers most investors compare within the specialty chemicals segment: market capitalisation, valuation multiples, profitability, dividend yield and the latest quarterly results. Figures below are sourced as of October 2026 and will shift with daily price moves.<\/p>\n<p>All three names sit in the specialty chemicals bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses. The sections below cover the company profiles, a valuation table, the latest quarter and a five-quarter trend for revenue and net profit.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=asahi-songwon-vs-primo-chemicals-vs-sadhana-nitro\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/asahi-songwon-vs-primo-chemicals-vs-sadhana-nitro\/#Asahi_Songwon_Colors_Primo_Chemicals_and_Sadhana_Nitro_Chem_Company_Overview\" title=\"Asahi Songwon Colors, Primo Chemicals and Sadhana Nitro Chem: Company Overview\">Asahi Songwon Colors, Primo Chemicals and Sadhana Nitro Chem: Company Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/asahi-songwon-vs-primo-chemicals-vs-sadhana-nitro\/#Asahi_Songwon_Colors_vs_Primo_Chemicals_vs_Sadhana_Nitro_Chem_Valuation_and_Profitability_Snapshot\" title=\"Asahi Songwon Colors vs Primo Chemicals vs Sadhana Nitro Chem: Valuation and Profitability Snapshot\">Asahi Songwon Colors vs Primo Chemicals vs Sadhana Nitro Chem: Valuation and Profitability Snapshot<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/asahi-songwon-vs-primo-chemicals-vs-sadhana-nitro\/#Asahi_Songwon_Colors_vs_Primo_Chemicals_vs_Sadhana_Nitro_Chem_Latest_Quarterly_Results\" title=\"Asahi Songwon Colors vs Primo Chemicals vs Sadhana Nitro Chem: Latest Quarterly Results\">Asahi Songwon Colors vs Primo Chemicals vs Sadhana Nitro Chem: Latest Quarterly Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/asahi-songwon-vs-primo-chemicals-vs-sadhana-nitro\/#Asahi_Songwon_Colors_vs_Primo_Chemicals_vs_Sadhana_Nitro_Chem_Five-Quarter_Revenue_and_Net_Profit_Trend\" title=\"Asahi Songwon Colors vs Primo Chemicals vs Sadhana Nitro Chem: Five-Quarter Revenue and Net Profit Trend\">Asahi Songwon Colors vs Primo Chemicals vs Sadhana Nitro Chem: Five-Quarter Revenue and Net Profit Trend<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/asahi-songwon-vs-primo-chemicals-vs-sadhana-nitro\/#What_Should_Investors_Look_at_Beyond_These_Numbers\" title=\"What Should Investors Look at Beyond These Numbers?\">What Should Investors Look at Beyond These Numbers?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/asahi-songwon-vs-primo-chemicals-vs-sadhana-nitro\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/asahi-songwon-vs-primo-chemicals-vs-sadhana-nitro\/#FAQs_on_Asahi_Songwon_Colors_vs_Primo_Chemicals_vs_Sadhana_Nitro_Chem\" title=\"FAQs on Asahi Songwon Colors vs Primo Chemicals vs Sadhana Nitro Chem\">FAQs on Asahi Songwon Colors vs Primo Chemicals vs Sadhana Nitro Chem<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/asahi-songwon-vs-primo-chemicals-vs-sadhana-nitro\/#What_is_the_market_cap_difference_between_Asahi_Songwon_Colors_Primo_Chemicals_and_Sadhana_Nitro_Chem\" title=\"What is the market cap difference between Asahi Songwon Colors, Primo Chemicals and Sadhana Nitro Chem?\">What is the market cap difference between Asahi Songwon Colors, Primo Chemicals and Sadhana Nitro Chem?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/asahi-songwon-vs-primo-chemicals-vs-sadhana-nitro\/#What_are_the_PE_and_PB_ratios_of_Asahi_Songwon_Colors_Primo_Chemicals_and_Sadhana_Nitro_Chem\" title=\"What are the PE and PB ratios of Asahi Songwon Colors, Primo Chemicals and Sadhana Nitro Chem?\">What are the PE and PB ratios of Asahi Songwon Colors, Primo Chemicals and Sadhana Nitro Chem?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/asahi-songwon-vs-primo-chemicals-vs-sadhana-nitro\/#Which_of_the_three_has_the_highest_ROE\" title=\"Which of the three has the highest ROE?\">Which of the three has the highest ROE?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/asahi-songwon-vs-primo-chemicals-vs-sadhana-nitro\/#Which_of_these_three_stocks_pays_the_highest_dividend_yield\" title=\"Which of these three stocks pays the highest dividend yield?\">Which of these three stocks pays the highest dividend yield?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/asahi-songwon-vs-primo-chemicals-vs-sadhana-nitro\/#What_is_the_debt_to_equity_ratio_for_Asahi_Songwon_Colors_Primo_Chemicals_and_Sadhana_Nitro_Chem\" title=\"What is the debt to equity ratio for Asahi Songwon Colors, Primo Chemicals and Sadhana Nitro Chem?\">What is the debt to equity ratio for Asahi Songwon Colors, Primo Chemicals and Sadhana Nitro Chem?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/asahi-songwon-vs-primo-chemicals-vs-sadhana-nitro\/#What_were_the_latest_quarterly_revenue_and_net_profit_of_Asahi_Songwon_Colors_Primo_Chemicals_and_Sadhana_Nitro_Chem\" title=\"What were the latest quarterly revenue and net profit of Asahi Songwon Colors, Primo Chemicals and Sadhana Nitro Chem?\">What were the latest quarterly revenue and net profit of Asahi Songwon Colors, Primo Chemicals and Sadhana Nitro Chem?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/asahi-songwon-vs-primo-chemicals-vs-sadhana-nitro\/#Does_this_comparison_recommend_one_of_Asahi_Songwon_Colors_Primo_Chemicals_and_Sadhana_Nitro_Chem\" title=\"Does this comparison recommend one of Asahi Songwon Colors, Primo Chemicals and Sadhana Nitro Chem?\">Does this comparison recommend one of Asahi Songwon Colors, Primo Chemicals and Sadhana Nitro Chem?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Asahi_Songwon_Colors_Primo_Chemicals_and_Sadhana_Nitro_Chem_Company_Overview\"><\/span><strong>Asahi Songwon Colors, Primo Chemicals and Sadhana Nitro Chem: Company Overview<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Asahi Songwon Colors<\/strong> is a listed Indian company in the specialty chemicals space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 428 crore, a return on equity of 6.92% and a book value of Rs 230.24 per share. Its quarterly revenue moved from Rs 151.34 crore in June 2025 to Rs 189.70 crore in June 2026, a change of +25.3%.<\/p>\n<p><strong>Primo Chemicals<\/strong> is a listed Indian company in the specialty chemicals space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 593 crore, a return on equity of 3.78% and a book value of Rs 15.37 per share. Its quarterly revenue moved from Rs 147.21 crore in June 2025 to Rs 145.52 crore in June 2026, a change of -1.1%.<\/p>\n<p><strong>Sadhana Nitro Chem<\/strong> is a listed Indian company in the specialty chemicals space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 728 crore, a return on equity of -19.02% and a book value of Rs 1.52 per share. Its quarterly revenue moved from Rs 32.58 crore in June 2025 to Rs 30.93 crore in June 2026, a change of -5.1%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Asahi_Songwon_Colors_vs_Primo_Chemicals_vs_Sadhana_Nitro_Chem_Valuation_and_Profitability_Snapshot\"><\/span><strong>Asahi Songwon Colors vs Primo Chemicals vs Sadhana Nitro Chem: Valuation and Profitability Snapshot<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Metric<\/th>\n<th><a href=\"https:\/\/univest.in\/stocks\/asahisong\/asahi-songwon-colors-ltd-share-price-today\">Asahi Songwon Colors<\/a><\/th>\n<th><a href=\"https:\/\/univest.in\/stocks\/primo\/primo-chemicals-ltd-share-price-today\">Primo Chemicals<\/a><\/th>\n<th><a href=\"https:\/\/univest.in\/stocks\/sadhnaniq\/sadhana-nitro-chem-ltd-share-price-today\">Sadhana Nitro Chem<\/a><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Market Cap (approx.)<\/td>\n<td>Rs 428 crore<\/td>\n<td>Rs 593 crore<\/td>\n<td>Rs 728 crore<\/td>\n<\/tr>\n<tr>\n<td>PE Ratio (TTM)<\/td>\n<td>12.50<\/td>\n<td>37.08<\/td>\n<td>NA<\/td>\n<\/tr>\n<tr>\n<td>PB Ratio<\/td>\n<td>1.58<\/td>\n<td>1.59<\/td>\n<td>1.58<\/td>\n<\/tr>\n<tr>\n<td>Return on Equity (ROE)<\/td>\n<td>6.92%<\/td>\n<td>3.78%<\/td>\n<td>-19.02%<\/td>\n<\/tr>\n<tr>\n<td>EPS (TTM, Rs)<\/td>\n<td>29.02<\/td>\n<td>0.66<\/td>\n<td>-0.28<\/td>\n<\/tr>\n<tr>\n<td>Dividend Yield<\/td>\n<td>0.41%<\/td>\n<td>0.00%<\/td>\n<td>0.00%<\/td>\n<\/tr>\n<tr>\n<td>Debt to Equity<\/td>\n<td>0.53<\/td>\n<td>0.32<\/td>\n<td>0.25<\/td>\n<\/tr>\n<tr>\n<td>Book Value per Share (Rs)<\/td>\n<td>230.24<\/td>\n<td>15.37<\/td>\n<td>1.52<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for Live Data<\/strong><\/a><\/p>\n<p>On valuation, Asahi Songwon Colors trades at a PE of 12.50 and a PB of 1.58, Primo Chemicals at a PE of 37.08 and a PB of 1.59, while Sadhana Nitro Chem trades at a PE of NA and a PB of 1.58. On return on equity, the three post 6.92%, 3.78% and -19.02% respectively, and on dividend yield they stand at 0.41%, 0.00% and 0.00%. Sadhana Nitro Chem has the highest market capitalisation of the three at Rs 728 crore, while Asahi Songwon Colors has the lowest at Rs 428 crore. Primo Chemicals has the highest PE ratio of the three at 37.08, while Asahi Songwon Colors has the lowest at 12.50. Asahi Songwon Colors has the highest return on equity of the three at 6.92%, while Sadhana Nitro Chem has the lowest at -19.02%. Asahi Songwon Colors has the highest debt to equity ratio of the three at 0.53, while Sadhana Nitro Chem has the lowest at 0.25. Debt to equity is 0.53, 0.32 and 0.25 for the three respectively.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Asahi_Songwon_Colors_vs_Primo_Chemicals_vs_Sadhana_Nitro_Chem_Latest_Quarterly_Results\"><\/span><strong>Asahi Songwon Colors vs Primo Chemicals vs Sadhana Nitro Chem: Latest Quarterly Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Company<\/th>\n<th>Latest Quarter Revenue<\/th>\n<th>Latest Quarter Net Profit<\/th>\n<th>YoY Change (Revenue)<\/th>\n<th>QoQ Change (Revenue)<\/th>\n<th>YoY Change (Net Profit)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Asahi Songwon Colors<\/td>\n<td>Rs 189.70 crore<\/td>\n<td>Rs 19.03 crore<\/td>\n<td>+25.3%<\/td>\n<td>+28.6%<\/td>\n<td>+634.7%<\/td>\n<\/tr>\n<tr>\n<td>Primo Chemicals<\/td>\n<td>Rs 145.52 crore<\/td>\n<td>Rs 3.64 crore<\/td>\n<td>-1.1%<\/td>\n<td>-3.3%<\/td>\n<td>+19.0%<\/td>\n<\/tr>\n<tr>\n<td>Sadhana Nitro Chem<\/td>\n<td>Rs 30.93 crore<\/td>\n<td>-Rs 0.55 crore<\/td>\n<td>-5.1%<\/td>\n<td>+148.4%<\/td>\n<td>NA<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Quarterly figures above are the most recent reported quarter for each company (Q1 FY27, quarter ended June 2026), compared with the year-ago and preceding quarter. A percentage change in net profit is shown as NA where the comparison quarter was a loss or the latest quarter is a loss, since the percentage is not meaningful in that case.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Asahi_Songwon_Colors_vs_Primo_Chemicals_vs_Sadhana_Nitro_Chem_Five-Quarter_Revenue_and_Net_Profit_Trend\"><\/span><strong>Asahi Songwon Colors vs Primo Chemicals vs Sadhana Nitro Chem: Five-Quarter Revenue and Net Profit Trend<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The five-quarter view below shows how revenue and net profit moved from June 2025 to June 2026 for each company in Asahi Songwon Colors vs Primo Chemicals vs Sadhana Nitro Chem, which helps separate a one-quarter move from a steadier pattern.<\/p>\n<p><strong>Quarterly revenue (Rs crore)<\/strong><\/p>\n<table>\n<thead>\n<tr>\n<th>Quarter<\/th>\n<th>Asahi Songwon Colors<\/th>\n<th>Primo Chemicals<\/th>\n<th>Sadhana Nitro Chem<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>June 2025<\/td>\n<td>Rs 151.34 crore<\/td>\n<td>Rs 147.21 crore<\/td>\n<td>Rs 32.58 crore<\/td>\n<\/tr>\n<tr>\n<td>September 2025<\/td>\n<td>Rs 122.55 crore<\/td>\n<td>Rs 139.20 crore<\/td>\n<td>Rs 2.23 crore<\/td>\n<\/tr>\n<tr>\n<td>December 2025<\/td>\n<td>Rs 120.75 crore<\/td>\n<td>Rs 144.56 crore<\/td>\n<td>Rs 10.96 crore<\/td>\n<\/tr>\n<tr>\n<td>March 2026<\/td>\n<td>Rs 147.54 crore<\/td>\n<td>Rs 150.51 crore<\/td>\n<td>Rs 12.45 crore<\/td>\n<\/tr>\n<tr>\n<td>June 2026<\/td>\n<td>Rs 189.70 crore<\/td>\n<td>Rs 145.52 crore<\/td>\n<td>Rs 30.93 crore<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Quarterly net profit (Rs crore)<\/strong><\/p>\n<table>\n<thead>\n<tr>\n<th>Quarter<\/th>\n<th>Asahi Songwon Colors<\/th>\n<th>Primo Chemicals<\/th>\n<th>Sadhana Nitro Chem<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>June 2025<\/td>\n<td>Rs 2.59 crore<\/td>\n<td>Rs 3.06 crore<\/td>\n<td>-Rs 2.12 crore<\/td>\n<\/tr>\n<tr>\n<td>September 2025<\/td>\n<td>Rs 2.10 crore<\/td>\n<td>Rs 2.75 crore<\/td>\n<td>-Rs 25.55 crore<\/td>\n<\/tr>\n<tr>\n<td>December 2025<\/td>\n<td>Rs 2.26 crore<\/td>\n<td>-Rs 0.34 crore<\/td>\n<td>-Rs 25.14 crore<\/td>\n<\/tr>\n<tr>\n<td>March 2026<\/td>\n<td>Rs 10.82 crore<\/td>\n<td>Rs 5.09 crore<\/td>\n<td>-Rs 33.62 crore<\/td>\n<\/tr>\n<tr>\n<td>June 2026<\/td>\n<td>Rs 19.03 crore<\/td>\n<td>Rs 3.64 crore<\/td>\n<td>-Rs 0.55 crore<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Asahi Songwon Colors reported revenue of Rs 151.34 crore in June 2025 and Rs 189.70 crore in June 2026, a change of +25.3% across the period. Its highest quarterly revenue in this window was Rs 189.70 crore in June 2026. Net profit stood at Rs 19.03 crore in June 2026, which is a net profit margin of 10.03%.<\/p>\n<p>Primo Chemicals reported revenue of Rs 147.21 crore in June 2025 and Rs 145.52 crore in June 2026, a change of -1.1% across the period. Its highest quarterly revenue in this window was Rs 150.51 crore in March 2026. Net profit stood at Rs 3.64 crore in June 2026, which is a net profit margin of 2.50%. Primo Chemicals reported a net loss in December 2025.<\/p>\n<p>Sadhana Nitro Chem reported revenue of Rs 32.58 crore in June 2025 and Rs 30.93 crore in June 2026, a change of -5.1% across the period. Its highest quarterly revenue in this window was Rs 32.58 crore in June 2025. Net profit stood at -Rs 0.55 crore in June 2026, which is a net profit margin of -1.78% (a net loss for the quarter). Sadhana Nitro Chem reported a net loss in June 2025, September 2025, December 2025, March 2026 and June 2026.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"https:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Asahi Songwon Colors, Primo Chemicals and Sadhana Nitro Chem live prices.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Should_Investors_Look_at_Beyond_These_Numbers\"><\/span><strong>What Should Investors Look at Beyond These Numbers?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Beyond the metrics above, investors comparing these three specialty chemicals names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and factors specific to the segment such as raw material costs, customer concentration, export demand and capacity utilisation. A single-quarter snapshot can shift quickly, and smaller companies in particular can show wide swings from one quarter to the next.<\/p>\n<p>It also helps to read the latest quarterly filings and investor presentations of Asahi Songwon Colors, Primo Chemicals and Sadhana Nitro Chem directly, since the figures here come from standardised data and do not capture company-specific context such as one-time items, order timing or promoter actions.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Asahi Songwon Colors vs Primo Chemicals vs Sadhana Nitro Chem highlights how differently three companies in the same specialty chemicals segment can look across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information as of October 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Asahi_Songwon_Colors_vs_Primo_Chemicals_vs_Sadhana_Nitro_Chem\"><\/span><strong>FAQs on Asahi Songwon Colors vs Primo Chemicals vs Sadhana Nitro Chem<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_market_cap_difference_between_Asahi_Songwon_Colors_Primo_Chemicals_and_Sadhana_Nitro_Chem\"><\/span><strong>What is the market cap difference between Asahi Songwon Colors, Primo Chemicals and Sadhana Nitro Chem?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of October 2026, Asahi Songwon Colors has a market cap of approximately Rs 428 crore, Primo Chemicals is at approximately Rs 593 crore, and Sadhana Nitro Chem is at approximately Rs 728 crore. Sadhana Nitro Chem is the largest of the three, and its market capitalisation is about 1.7 times that of Asahi Songwon Colors, the smallest. Market capitalisation reflects the size of a company in the market rather than the quality of its business, so a larger value does not by itself signal a higher quality company. These figures move with the share price every trading day, which is why the table above should be read as a snapshot rather than a fixed ranking in the Asahi Songwon Colors vs Primo Chemicals vs Sadhana Nitro Chem comparison.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_PE_and_PB_ratios_of_Asahi_Songwon_Colors_Primo_Chemicals_and_Sadhana_Nitro_Chem\"><\/span><strong>What are the PE and PB ratios of Asahi Songwon Colors, Primo Chemicals and Sadhana Nitro Chem?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of October 2026, the PE ratios stand at 12.50, 37.08 and NA respectively, and the price to book ratios stand at 1.58, 1.59 and 1.58 respectively. A PE of NA for Sadhana Nitro Chem means trailing twelve month earnings were negative or not available, so the multiple cannot be read in the usual way. The PE ratio shows how much investors pay for each rupee of trailing earnings, while the PB ratio compares the market value with the net assets on the balance sheet. Both multiples should be read against the segment norms for specialty chemicals and against each company&#8217;s own growth and earnings stability, because a high multiple can reflect expected growth or simply a small earnings base.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_the_three_has_the_highest_ROE\"><\/span><strong>Which of the three has the highest ROE?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Asahi Songwon Colors, Primo Chemicals and Sadhana Nitro Chem post ROE of 6.92%, 3.78% and -19.02% respectively as of October 2026. Asahi Songwon Colors has the highest return on equity of the three at 6.92%, while Sadhana Nitro Chem has the lowest at -19.02%. Return on equity measures how much profit a company generates on the capital contributed by its shareholders, so it is a useful gauge of how efficiently equity is being used. A negative ROE points to losses over the period, and a very high ROE can sometimes result from a small equity base rather than operating performance. It is therefore worth reading ROE together with debt levels and the five-quarter profit trend before drawing any conclusion from the Asahi Songwon Colors vs Primo Chemicals vs Sadhana Nitro Chem figures.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_these_three_stocks_pays_the_highest_dividend_yield\"><\/span><strong>Which of these three stocks pays the highest dividend yield?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Asahi Songwon Colors, Primo Chemicals and Sadhana Nitro Chem carry dividend yields of 0.41%, 0.00% and 0.00% respectively as of October 2026. Dividend yield is the annual dividend per share expressed as a percentage of the current share price, so it changes whenever the price changes. A low or zero yield is common among companies that retain profits to fund expansion, repay debt or absorb losses, and it does not by itself say anything about business quality. Investors who care about income should also check how consistently each company has paid dividends and what share of profit it distributes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_debt_to_equity_ratio_for_Asahi_Songwon_Colors_Primo_Chemicals_and_Sadhana_Nitro_Chem\"><\/span><strong>What is the debt to equity ratio for Asahi Songwon Colors, Primo Chemicals and Sadhana Nitro Chem?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Asahi Songwon Colors carries a debt to equity of 0.53, Primo Chemicals of 0.32, and Sadhana Nitro Chem of 0.25. Asahi Songwon Colors has the highest debt to equity ratio of the three at 0.53, while Sadhana Nitro Chem has the lowest at 0.25. The debt to equity ratio compares total borrowings with shareholders&#8217; funds, and a higher figure means the company relies more on borrowed money to run its business. What counts as a comfortable level differs by segment, since some businesses in specialty chemicals need heavy capital and carry more debt than others. Investors usually read this ratio alongside interest costs and cash generation to judge how well each company can service its borrowings in the Asahi Songwon Colors vs Primo Chemicals vs Sadhana Nitro Chem comparison.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_the_latest_quarterly_revenue_and_net_profit_of_Asahi_Songwon_Colors_Primo_Chemicals_and_Sadhana_Nitro_Chem\"><\/span><strong>What were the latest quarterly revenue and net profit of Asahi Songwon Colors, Primo Chemicals and Sadhana Nitro Chem?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> For Q1 FY27 (quarter ended June 2026), Asahi Songwon Colors reported revenue of Rs 189.70 crore and net profit of Rs 19.03 crore, Primo Chemicals reported revenue of Rs 145.52 crore and net profit of Rs 3.64 crore, and Sadhana Nitro Chem reported revenue of Rs 30.93 crore and net profit of -Rs 0.55 crore. Compared with the quarter ended June 2025, revenue changed by +25.3% for Asahi Songwon Colors, -1.1% for Primo Chemicals and -5.1% for Sadhana Nitro Chem. A single quarter can be affected by seasonality, one-time items and the timing of orders, so the five-quarter tables above give a clearer sense of direction than any one result. A net loss in a quarter does not always mean a troubled business, but it does call for a closer look at costs, debt and the reasons behind the swing in the Asahi Songwon Colors vs Primo Chemicals vs Sadhana Nitro Chem results.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Does_this_comparison_recommend_one_of_Asahi_Songwon_Colors_Primo_Chemicals_and_Sadhana_Nitro_Chem\"><\/span><strong>Does this comparison recommend one of Asahi Songwon Colors, Primo Chemicals and Sadhana Nitro Chem?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This comparison does not declare one stock ahead of another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor&#8217;s own criteria and research. Instead of a verdict, the tables above lay out the figures so that readers can weigh them against their own goals, time horizon and tolerance for risk. For companies in specialty chemicals, it also helps to look at factors such as raw material costs, customer concentration, export demand and capacity utilisation. Reading the latest filings and investor presentations of Asahi Songwon Colors, Primo Chemicals and Sadhana Nitro Chem directly, and speaking to a SEBI registered adviser where needed, is a sensible step before acting on any numbers shown in Asahi Songwon Colors vs Primo Chemicals vs Sadhana Nitro Chem.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the market cap difference between Asahi Songwon Colors, Primo Chemicals and Sadhana Nitro Chem?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"As of October 2026, Asahi Songwon Colors has a market cap of approximately Rs 428 crore, Primo Chemicals is at approximately Rs 593 crore, and Sadhana Nitro Chem is at approximately Rs 728 crore. Sadhana Nitro Chem is the largest of the three, and its market capitalisation is about 1.7 times that of Asahi Songwon Colors, the smallest. Market capitalisation reflects the size of a company in the market rather than the quality of its business, so a larger value does not by itself signal a higher quality company. These figures move with the share price every trading day, which is why the table above should be read as a snapshot rather than a fixed ranking in the Asahi Songwon Colors vs Primo Chemicals vs Sadhana Nitro Chem comparison.\"}},{\"@type\":\"Question\",\"name\":\"What are the PE and PB ratios of Asahi Songwon Colors, Primo Chemicals and Sadhana Nitro Chem?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"As of October 2026, the PE ratios stand at 12.50, 37.08 and NA respectively, and the price to book ratios stand at 1.58, 1.59 and 1.58 respectively. A PE of NA for Sadhana Nitro Chem means trailing twelve month earnings were negative or not available, so the multiple cannot be read in the usual way. The PE ratio shows how much investors pay for each rupee of trailing earnings, while the PB ratio compares the market value with the net assets on the balance sheet. Both multiples should be read against the segment norms for specialty chemicals and against each company's own growth and earnings stability, because a high multiple can reflect expected growth or simply a small earnings base.\"}},{\"@type\":\"Question\",\"name\":\"Which of the three has the highest ROE?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Asahi Songwon Colors, Primo Chemicals and Sadhana Nitro Chem post ROE of 6.92%, 3.78% and -19.02% respectively as of October 2026. Asahi Songwon Colors has the highest return on equity of the three at 6.92%, while Sadhana Nitro Chem has the lowest at -19.02%. Return on equity measures how much profit a company generates on the capital contributed by its shareholders, so it is a useful gauge of how efficiently equity is being used. A negative ROE points to losses over the period, and a very high ROE can sometimes result from a small equity base rather than operating performance. It is therefore worth reading ROE together with debt levels and the five-quarter profit trend before drawing any conclusion from the Asahi Songwon Colors vs Primo Chemicals vs Sadhana Nitro Chem figures.\"}},{\"@type\":\"Question\",\"name\":\"Which of these three stocks pays the highest dividend yield?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Asahi Songwon Colors, Primo Chemicals and Sadhana Nitro Chem carry dividend yields of 0.41%, 0.00% and 0.00% respectively as of October 2026. Dividend yield is the annual dividend per share expressed as a percentage of the current share price, so it changes whenever the price changes. A low or zero yield is common among companies that retain profits to fund expansion, repay debt or absorb losses, and it does not by itself say anything about business quality. Investors who care about income should also check how consistently each company has paid dividends and what share of profit it distributes.\"}},{\"@type\":\"Question\",\"name\":\"What is the debt to equity ratio for Asahi Songwon Colors, Primo Chemicals and Sadhana Nitro Chem?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Asahi Songwon Colors carries a debt to equity of 0.53, Primo Chemicals of 0.32, and Sadhana Nitro Chem of 0.25. Asahi Songwon Colors has the highest debt to equity ratio of the three at 0.53, while Sadhana Nitro Chem has the lowest at 0.25. The debt to equity ratio compares total borrowings with shareholders' funds, and a higher figure means the company relies more on borrowed money to run its business. What counts as a comfortable level differs by segment, since some businesses in specialty chemicals need heavy capital and carry more debt than others. Investors usually read this ratio alongside interest costs and cash generation to judge how well each company can service its borrowings in the Asahi Songwon Colors vs Primo Chemicals vs Sadhana Nitro Chem comparison.\"}},{\"@type\":\"Question\",\"name\":\"What were the latest quarterly revenue and net profit of Asahi Songwon Colors, Primo Chemicals and Sadhana Nitro Chem?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"For Q1 FY27 (quarter ended June 2026), Asahi Songwon Colors reported revenue of Rs 189.70 crore and net profit of Rs 19.03 crore, Primo Chemicals reported revenue of Rs 145.52 crore and net profit of Rs 3.64 crore, and Sadhana Nitro Chem reported revenue of Rs 30.93 crore and net profit of -Rs 0.55 crore. Compared with the quarter ended June 2025, revenue changed by +25.3% for Asahi Songwon Colors, -1.1% for Primo Chemicals and -5.1% for Sadhana Nitro Chem. A single quarter can be affected by seasonality, one-time items and the timing of orders, so the five-quarter tables above give a clearer sense of direction than any one result. A net loss in a quarter does not always mean a troubled business, but it does call for a closer look at costs, debt and the reasons behind the swing in the Asahi Songwon Colors vs Primo Chemicals vs Sadhana Nitro Chem results.\"}},{\"@type\":\"Question\",\"name\":\"Does this comparison recommend one of Asahi Songwon Colors, Primo Chemicals and Sadhana Nitro Chem?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This comparison does not declare one stock ahead of another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor's own criteria and research. Instead of a verdict, the tables above lay out the figures so that readers can weigh them against their own goals, time horizon and tolerance for risk. For companies in specialty chemicals, it also helps to look at factors such as raw material costs, customer concentration, export demand and capacity utilisation. Reading the latest filings and investor presentations of Asahi Songwon Colors, Primo Chemicals and Sadhana Nitro Chem directly, and speaking to a SEBI registered adviser where needed, is a sensible step before acting on any numbers shown in Asahi Songwon Colors vs Primo Chemicals vs Sadhana Nitro Chem.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Asahi Songwon Colors vs Primo Chemicals vs Sadhana Nitro Chem compared on market cap, PE, PB, ROE, dividend yield and debt to equity, as of October 2026.<\/p>\n","protected":false},"author":28,"featured_media":317571,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[6691,1019],"class_list":["post-317572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-specialty-chemicals","tag-stock-market"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["317571"],"rank_math_title":["Asahi Songwon Colors vs Primo Chemicals vs Sadhana Nitro Chem"],"rank_math_description":["Asahi Songwon Colors vs Primo Chemicals vs Sadhana Nitro Chem compared on market cap, PE, PB, ROE, dividend yield and debt to equity, as of October 2026."],"rank_math_focus_keyword":["Asahi Songwon Colors vs Primo Chemicals vs Sadhana Nitro Chem"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/asahi-songwon-vs-primo-chemicals-vs-sadhana-nitro-which-stock-should-you-track.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/317572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=317572"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/317572\/revisions"}],"predecessor-version":[{"id":317573,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/317572\/revisions\/317573"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/317571"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=317572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=317572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=317572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}