Aries Agro vs Asahi Songwon vs Vipul Organics: Which Stock Should You Track

Aries Agro vs Asahi Songwon Colors vs Vipul Organics 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.

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.

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Aries Agro, Asahi Songwon Colors and Vipul Organics: Company Overview

Aries Agro 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 618 crore, a return on equity of 12.82% and a book value of Rs 257.12 per share. Its quarterly revenue moved from Rs 161.15 crore in June 2025 to Rs 187.59 crore in June 2026, a change of +16.4%.

Asahi Songwon Colors 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%.

Vipul Organics 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 478 crore, a return on equity of 5.90% and a book value of Rs 61.48 per share. Its quarterly revenue moved from Rs 37.69 crore in June 2025 to Rs 52.18 crore in June 2026, a change of +38.4%.

Aries Agro vs Asahi Songwon Colors vs Vipul Organics: Valuation and Profitability Snapshot

Metric	Aries Agro	Asahi Songwon Colors	Vipul Organics
Market Cap (approx.)	Rs 618 crore	Rs 428 crore	Rs 478 crore
PE Ratio (TTM)	13.07	12.50	58.59
PB Ratio	1.85	1.58	4.08
Return on Equity (ROE)	12.82%	6.92%	5.90%
EPS (TTM, Rs)	36.36	29.02	4.28
Dividend Yield	0.53%	0.41%	0.32%
Debt to Equity	0.17	0.53	0.45
Book Value per Share (Rs)	257.12	230.24	61.48

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On valuation, Aries Agro trades at a PE of 13.07 and a PB of 1.85, Asahi Songwon Colors at a PE of 12.50 and a PB of 1.58, while Vipul Organics trades at a PE of 58.59 and a PB of 4.08. On return on equity, the three post 12.82%, 6.92% and 5.90% respectively, and on dividend yield they stand at 0.53%, 0.41% and 0.32%. Aries Agro has the highest market capitalisation of the three at Rs 618 crore, while Asahi Songwon Colors has the lowest at Rs 428 crore. Vipul Organics has the highest PE ratio of the three at 58.59, while Asahi Songwon Colors has the lowest at 12.50. Aries Agro has the highest return on equity of the three at 12.82%, while Vipul Organics has the lowest at 5.90%. Asahi Songwon Colors has the highest debt to equity ratio of the three at 0.53, while Aries Agro has the lowest at 0.17. Debt to equity is 0.17, 0.53 and 0.45 for the three respectively.

Aries Agro vs Asahi Songwon Colors vs Vipul Organics: Latest Quarterly Results

Company	Latest Quarter Revenue	Latest Quarter Net Profit	YoY Change (Revenue)	QoQ Change (Revenue)	YoY Change (Net Profit)
Aries Agro	Rs 187.59 crore	Rs 14.85 crore	+16.4%	+1.5%	+49.5%
Asahi Songwon Colors	Rs 189.70 crore	Rs 19.03 crore	+25.3%	+28.6%	+634.7%
Vipul Organics	Rs 52.18 crore	Rs 2.52 crore	+38.4%	-0.8%	+100.0%

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.

Aries Agro vs Asahi Songwon Colors vs Vipul Organics: Five-Quarter Revenue and Net Profit Trend

The five-quarter view below shows how revenue and net profit moved from June 2025 to June 2026 for each company in Aries Agro vs Asahi Songwon Colors vs Vipul Organics, which helps separate a one-quarter move from a steadier pattern.

Quarterly revenue (Rs crore)

Quarter	Aries Agro	Asahi Songwon Colors	Vipul Organics
June 2025	Rs 161.15 crore	Rs 151.34 crore	Rs 37.69 crore
September 2025	Rs 204.32 crore	Rs 122.55 crore	Rs 39.66 crore
December 2025	Rs 202.50 crore	Rs 120.75 crore	Rs 46.38 crore
March 2026	Rs 184.80 crore	Rs 147.54 crore	Rs 52.62 crore
June 2026	Rs 187.59 crore	Rs 189.70 crore	Rs 52.18 crore

Quarterly net profit (Rs crore)

Quarter	Aries Agro	Asahi Songwon Colors	Vipul Organics
June 2025	Rs 9.93 crore	Rs 2.59 crore	Rs 1.26 crore
September 2025	Rs 19.92 crore	Rs 2.10 crore	Rs 1.81 crore
December 2025	Rs 17.31 crore	Rs 2.26 crore	Rs 1.85 crore
March 2026	-Rs 4.79 crore	Rs 10.82 crore	Rs 1.97 crore
June 2026	Rs 14.85 crore	Rs 19.03 crore	Rs 2.52 crore

Aries Agro reported revenue of Rs 161.15 crore in June 2025 and Rs 187.59 crore in June 2026, a change of +16.4% across the period. Its highest quarterly revenue in this window was Rs 204.32 crore in September 2025. Net profit stood at Rs 14.85 crore in June 2026, which is a net profit margin of 7.92%. Aries Agro reported a net loss in March 2026.

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%.

Vipul Organics reported revenue of Rs 37.69 crore in June 2025 and Rs 52.18 crore in June 2026, a change of +38.4% across the period. Its highest quarterly revenue in this window was Rs 52.62 crore in March 2026. Net profit stood at Rs 2.52 crore in June 2026, which is a net profit margin of 4.83%.

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What Should Investors Look at Beyond These Numbers?

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.

It also helps to read the latest quarterly filings and investor presentations of Aries Agro, Asahi Songwon Colors and Vipul Organics 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.

Conclusion

Aries Agro vs Asahi Songwon Colors vs Vipul Organics 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.

FAQs on Aries Agro vs Asahi Songwon Colors vs Vipul Organics

What is the market cap difference between Aries Agro, Asahi Songwon Colors and Vipul Organics?

Ans. As of October 2026, Aries Agro has a market cap of approximately Rs 618 crore, Asahi Songwon Colors is at approximately Rs 428 crore, and Vipul Organics is at approximately Rs 478 crore. Aries Agro is the largest of the three, and its market capitalisation is about 1.4 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 Aries Agro vs Asahi Songwon Colors vs Vipul Organics comparison.

What are the PE and PB ratios of Aries Agro, Asahi Songwon Colors and Vipul Organics?

Ans. As of October 2026, the PE ratios stand at 13.07, 12.50 and 58.59 respectively, and the price to book ratios stand at 1.85, 1.58 and 4.08 respectively. All three companies have a positive trailing PE, so the multiples can be compared directly. 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.

Which of the three has the highest ROE?

Ans. Aries Agro, Asahi Songwon Colors and Vipul Organics post ROE of 12.82%, 6.92% and 5.90% respectively as of October 2026. Aries Agro has the highest return on equity of the three at 12.82%, while Vipul Organics has the lowest at 5.90%. 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 Aries Agro vs Asahi Songwon Colors vs Vipul Organics figures.

Which of these three stocks pays the highest dividend yield?

Ans. Aries Agro, Asahi Songwon Colors and Vipul Organics carry dividend yields of 0.53%, 0.41% and 0.32% 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.

What is the debt to equity ratio for Aries Agro, Asahi Songwon Colors and Vipul Organics?

Ans. Aries Agro carries a debt to equity of 0.17, Asahi Songwon Colors of 0.53, and Vipul Organics of 0.45. Asahi Songwon Colors has the highest debt to equity ratio of the three at 0.53, while Aries Agro has the lowest at 0.17. 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 Aries Agro vs Asahi Songwon Colors vs Vipul Organics comparison.

What were the latest quarterly revenue and net profit of Aries Agro, Asahi Songwon Colors and Vipul Organics?

Ans. For Q1 FY27 (quarter ended June 2026), Aries Agro reported revenue of Rs 187.59 crore and net profit of Rs 14.85 crore, Asahi Songwon Colors reported revenue of Rs 189.70 crore and net profit of Rs 19.03 crore, and Vipul Organics reported revenue of Rs 52.18 crore and net profit of Rs 2.52 crore. Compared with the quarter ended June 2025, revenue changed by +16.4% for Aries Agro, +25.3% for Asahi Songwon Colors and +38.4% for Vipul Organics. 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 Aries Agro vs Asahi Songwon Colors vs Vipul Organics results.

Does this comparison recommend one of Aries Agro, Asahi Songwon Colors and Vipul Organics?

Ans. 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 Aries Agro, Asahi Songwon Colors and Vipul Organics directly, and speaking to a SEBI registered adviser where needed, is a sensible step before acting on any numbers shown in Aries Agro vs Asahi Songwon Colors vs Vipul Organics.