Sangam (India) Ltd

Sangam India Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Sangam (India) Ltd

₹ 389 -1.84%
13 May - close price
sangamgroup.com BSE: 514234 NSE: SANGAMIND
About

Sangam (India) Limited is engaged in the business of manufacturing and selling of Synthetic Blended, Cotton & Texturised yarn, Fabrics, Denim Fabrics and readymade seamless garment. [1]

Key Points

Leadership[1]
One of the largest manufacturer of PV dyed Yarn and Denim Fabric. The company is market leader in PV Yarn, PV Fabric, Denim Fabric.

Website BSE NSE
  • Market Cap ₹ 1,953 Cr.
  • Current Price ₹ 389
  • High / Low ₹ 630 / 226
  • Stock P/E 42.6
  • Book Value ₹ 219
  • Dividend Yield 0.51 %
  • ROCE 7.04 %
  • ROE 4.98 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 30.6% CAGR over last 5 years

Cons

  • Company has low interest coverage ratio.
  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Textiles Industry: Textiles - Spinning - Synthetic / Blended

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
497 411 639 650 738 713 709 605 685 677 629 621 701
424 362 565 573 630 620 631 546 614 623 582 573 634
Operating Profit 73 49 73 77 108 93 79 59 71 54 46 48 67
OPM % 15% 12% 12% 12% 15% 13% 11% 10% 10% 8% 7% 8% 10%
5 2 4 3 -13 5 -0 -1 -12 1 2 1 2
Interest 14 12 12 13 11 14 16 13 10 14 16 18 23
Depreciation 19 19 18 18 15 18 22 25 14 22 22 27 26
Profit before tax 45 20 47 49 68 65 40 19 35 19 11 4 19
Tax % 26% 36% 36% 10% 21% 19% 24% 10% 14% 33% 1% 13% 29%
34 13 30 44 53 53 30 18 30 13 11 4 14
EPS in Rs 7.72 2.97 6.88 10.07 12.31 12.10 6.73 3.90 6.69 2.83 2.35 0.85 3.03
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,591 1,637 1,874 1,790 1,359 2,438 2,712 2,628
1,418 1,513 1,714 1,629 1,237 2,130 2,411 2,413
Operating Profit 174 125 159 162 122 307 302 215
OPM % 11% 8% 8% 9% 9% 13% 11% 8%
23 25 9 8 10 -5 -9 6
Interest 64 63 67 69 49 48 54 71
Depreciation 73 77 81 81 81 70 79 97
Profit before tax 61 10 21 20 2 184 160 53
Tax % 13% -186% 37% 34% -113% 24% 18% 24%
53 29 13 13 4 140 131 41
EPS in Rs 13.43 7.26 3.36 3.37 0.97 32.23 28.98 9.06
Dividend Payout % 15% 14% 30% 30% 103% 6% 7% 25%
Compounded Sales Growth
10 Years: %
5 Years: 7%
3 Years: 25%
TTM: -3%
Compounded Profit Growth
10 Years: %
5 Years: 31%
3 Years: 80%
TTM: -68%
Stock Price CAGR
10 Years: 27%
5 Years: 49%
3 Years: 59%
1 Year: 58%
Return on Equity
10 Years: %
5 Years: 11%
3 Years: 15%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 39 39 39 39 43 43 45 50
Reserves 453 472 481 488 509 647 815 934
708 787 707 648 590 610 826 1,066
228 281 306 266 267 523 474 679
Total Liabilities 1,428 1,580 1,534 1,441 1,409 1,824 2,161 2,729
655 700 648 616 590 602 725 1,010
CWIP 11 9 12 10 9 74 223 219
Investments 6 6 6 6 0 1 8 11
757 865 868 809 809 1,147 1,205 1,489
Total Assets 1,428 1,580 1,534 1,441 1,409 1,824 2,161 2,729

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
147 95 174 183 133 245 216 160
-131 -107 -24 -39 -43 -192 -354 -390
-14 8 -151 -132 -93 -41 143 230
Net Cash Flow 2 -4 -1 13 -4 12 6 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 58 71 68 59 75 56 47 62
Inventory Days 145 139 120 135 184 143 122 157
Days Payable 41 58 55 41 57 78 54 100
Cash Conversion Cycle 162 152 134 153 203 122 116 119
Working Capital Days 112 120 102 105 152 88 84 98
ROCE % 6% 7% 7% 4% 20% 16%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
59.15% 61.45% 61.45% 61.44% 61.44% 70.29% 70.29% 70.29% 70.18% 70.18% 70.17% 70.17%
0.00% 0.01% 0.82% 0.59% 0.52% 0.48% 0.42% 0.37% 0.34% 0.26% 0.17% 2.65%
1.22% 1.22% 0.02% 0.01% 0.02% 0.00% 0.00% 0.00% 0.01% 0.33% 0.33% 0.54%
39.64% 37.32% 37.71% 37.95% 38.02% 29.23% 29.29% 29.27% 29.41% 28.89% 28.49% 25.81%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.08% 0.07% 0.34% 0.85% 0.84%
No. of Shareholders 7,0517,6457,99011,19211,36710,97411,24810,98111,43710,79210,76110,145

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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