Sangam (India) Ltd

₹ 209 -3.02%
27 Jan - close price
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

Products
Yarn division- PV-Dyed & Grey Yarn, Cotton Spun, Open-ended & Indigo Rope Dyed Yarn and Texturised Yarn.
Fabric division- PV fabrics and processed fabrics as well as Denim fabric.
Seamless garment division- Airwear, Active wear, Leisure wear, Intimate wear, Shapewear, and Casual wear. [1]

  • Market Cap 940 Cr.
  • Current Price 209
  • High / Low 423 / 185
  • Stock P/E 4.91
  • Book Value 185
  • Dividend Yield 0.96 %
  • ROCE 18.7 %
  • ROE 23.8 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.13 times its book value
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 22.1% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 38.8%

Cons

  • The company has delivered a poor sales growth of 8.87% over past five years.
  • Company has a low return on equity of 9.93% over last 3 years.
  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
487 439 400 109 311 438 495 410 635 646 746 713 709
448 397 357 125 287 396 422 361 562 569 639 620 631
Operating Profit 40 42 43 -16 24 42 74 49 73 77 108 93 79
OPM % 8% 10% 11% -15% 8% 10% 15% 12% 12% 12% 14% 13% 11%
2 1 1 1 1 3 5 2 4 3 -13 5 -0
Interest 17 15 17 14 10 12 14 12 12 13 11 14 16
Depreciation 20 20 20 20 21 20 19 19 18 18 15 18 22
Profit before tax 4 8 7 -49 -6 12 46 20 47 49 68 65 40
Tax % 21% 24% 52% 35% 27% 39% 26% 35% 36% 11% 21% 19% 24%
Net Profit 3 6 3 -32 -4 7 34 13 30 44 54 52 30
EPS in Rs 0.80 1.46 0.83 -8.16 -1.03 1.72 7.86 3.04 6.86 10.05 12.50 12.09 6.73
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
1,171 1,416 1,478 1,432 1,468 1,504 1,594 1,638 1,874 1,783 1,354 2,438 2,815
974 1,261 1,269 1,243 1,259 1,278 1,418 1,511 1,711 1,622 1,230 2,130 2,458
Operating Profit 197 155 209 189 209 226 176 127 162 161 123 308 357
OPM % 17% 11% 14% 13% 14% 15% 11% 8% 9% 9% 9% 13% 13%
7 5 12 13 11 24 23 25 9 8 10 -5 -6
Interest 56 67 69 66 67 64 64 63 67 69 49 48 55
Depreciation 64 68 77 74 80 76 73 77 80 81 81 70 74
Profit before tax 83 26 75 61 72 110 63 13 24 20 3 184 222
Tax % 32% 34% 31% 34% 29% 30% 13% -141% 36% 34% -57% 24%
Net Profit 57 17 51 40 52 77 55 30 16 13 5 141 181
EPS in Rs 14.36 4.33 13.01 10.27 13.08 19.54 13.91 7.72 3.96 3.37 1.24 32.46 41.37
Dividend Payout % 10% 23% 9% 15% 15% 10% 14% 13% 25% 30% 81% 6%
Compounded Sales Growth
10 Years: 6%
5 Years: 9%
3 Years: 9%
TTM: 42%
Compounded Profit Growth
10 Years: 21%
5 Years: 22%
3 Years: 118%
TTM: 126%
Stock Price CAGR
10 Years: 15%
5 Years: 4%
3 Years: 51%
1 Year: -44%
Return on Equity
10 Years: 11%
5 Years: 8%
3 Years: 10%
Last Year: 24%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
39 39 39 39 39 39 39 39 39 39 43 43 45
Reserves 200 213 258 292 332 400 454 476 487 494 516 647 790
719 722 664 592 617 649 708 787 707 648 590 764 794
159 157 169 174 188 204 228 281 307 266 267 368 289
Total Liabilities 1,117 1,131 1,131 1,097 1,177 1,292 1,430 1,583 1,541 1,447 1,417 1,822 1,919
539 625 583 538 563 585 654 699 648 616 590 602 691
CWIP 13 10 8 14 3 14 11 9 12 10 9 71 75
Investments 8 8 8 8 6 6 6 6 6 6 0 8 38
558 489 532 538 605 687 759 869 875 816 818 1,141 1,114
Total Assets 1,117 1,131 1,131 1,097 1,177 1,292 1,430 1,583 1,541 1,447 1,417 1,822 1,919

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
77 214 155 163 136 139 147 95 174 183 132 95
-45 -152 -30 -31 -94 -107 -131 -107 -24 -39 -43 -197
-29 -63 -126 -137 -41 -33 -14 8 -151 -132 -93 113
Net Cash Flow 3 -1 -1 -5 1 -0 2 -4 -1 13 -4 11

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 47 32 43 51 63 66 59 73 71 62 79 56
Inventory Days 132 96 95 105 114 131 144 138 118 133 182 143
Days Payable 28 24 29 32 32 34 41 58 55 41 57 36
Cash Conversion Cycle 151 105 110 124 144 163 162 152 134 154 205 163
Working Capital Days 109 76 72 75 89 106 112 122 103 107 155 111
ROCE % 15% 10% 15% 14% 15% 17% 11% 6% 7% 7% 4% 19%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
55.00 55.00 55.00 59.15 59.15 59.15 61.45 61.45 61.44 61.44 70.29 70.29
0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.82 0.59 0.52 0.48 0.42
2.57 2.57 2.57 2.33 2.33 1.22 1.22 0.02 0.01 0.02 0.00 0.00
42.43 42.43 42.43 38.52 38.52 39.64 37.32 37.71 37.95 38.02 29.23 29.29

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls