Sangam (India) Ltd

Sangam (India) Ltd

₹ 366 -2.92%
30 May - 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

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.

  • Market Cap 1,837 Cr.
  • Current Price 366
  • High / Low 630 / 230
  • Stock P/E 42.8
  • Book Value 219
  • Dividend Yield 0.55 %
  • ROCE 6.95 %
  • ROE 4.64 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 24.4% 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
495 410 635 646 746 713 709 605 688 677 629 636 706
422 361 562 569 639 620 631 546 617 624 586 591 645
Operating Profit 74 49 73 77 108 93 79 59 70 53 43 45 61
OPM % 15% 12% 12% 12% 14% 13% 11% 10% 10% 8% 7% 7% 9%
5 2 4 3 -13 5 -0 -1 -12 1 3 2 3
Interest 14 12 12 13 11 14 16 13 10 14 15 17 22
Depreciation 19 19 18 18 15 18 22 25 13 20 21 25 25
Profit before tax 46 20 47 49 68 65 40 20 36 20 10 5 18
Tax % 26% 35% 36% 11% 21% 19% 24% 9% 8% 29% 32% 11% 30%
34 13 30 44 54 52 30 18 33 14 7 4 13
EPS in Rs 7.86 3.04 6.86 10.05 12.50 12.09 6.73 4.10 7.39 3.15 1.55 0.97 2.79
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,478 1,432 1,468 1,504 1,594 1,638 1,874 1,783 1,354 2,438 2,715 2,648
1,269 1,243 1,259 1,278 1,418 1,511 1,711 1,622 1,230 2,130 2,414 2,445
Operating Profit 209 189 209 226 176 127 162 161 123 308 302 203
OPM % 14% 13% 14% 15% 11% 8% 9% 9% 9% 13% 11% 8%
12 13 11 24 23 25 9 8 10 -5 -8 9
Interest 69 66 67 64 64 63 67 69 49 48 54 68
Depreciation 77 74 80 76 73 77 80 81 81 70 78 91
Profit before tax 75 61 72 110 63 13 24 20 3 184 161 53
Tax % 31% 34% 29% 30% 13% -141% 36% 34% -57% 24% 17% 28%
51 40 52 77 55 30 16 13 5 141 135 38
EPS in Rs 13.01 10.27 13.08 19.54 13.91 7.72 3.96 3.37 1.24 32.46 29.87 8.46
Dividend Payout % 9% 15% 15% 10% 14% 13% 25% 30% 81% 6% 7% 26%
Compounded Sales Growth
10 Years: 6%
5 Years: 7%
3 Years: 25%
TTM: -2%
Compounded Profit Growth
10 Years: 0%
5 Years: 24%
3 Years: 83%
TTM: -71%
Stock Price CAGR
10 Years: 25%
5 Years: 42%
3 Years: 56%
1 Year: 57%
Return on Equity
10 Years: 10%
5 Years: 11%
3 Years: 15%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 39 39 39 39 39 39 39 39 43 43 45 50
Reserves 258 292 332 400 454 476 487 494 516 647 819 935
664 592 617 649 708 787 707 648 590 610 810 1,005
169 174 188 204 228 281 307 266 267 521 438 666
Total Liabilities 1,131 1,097 1,177 1,292 1,430 1,583 1,541 1,447 1,417 1,822 2,112 2,656
583 538 563 585 654 699 648 616 590 602 655 922
CWIP 8 14 3 14 11 9 12 10 9 71 217 215
Investments 8 8 6 6 6 6 6 6 0 8 57 50
532 538 605 687 759 869 875 816 818 1,141 1,183 1,469
Total Assets 1,131 1,097 1,177 1,292 1,430 1,583 1,541 1,447 1,417 1,822 2,112 2,656

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
155 163 136 139 147 95 174 183 132 248 193 179
-30 -31 -94 -107 -131 -107 -24 -39 -43 -197 -332 -368
-126 -137 -41 -33 -14 8 -151 -132 -93 -41 146 189
Net Cash Flow -1 -5 1 -0 2 -4 -1 13 -4 11 7 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 43 51 63 66 59 73 71 62 79 56 47 63
Inventory Days 95 105 114 131 144 138 118 133 182 143 121 148
Days Payable 29 32 32 34 41 58 55 41 57 78 53 95
Cash Conversion Cycle 110 124 144 163 162 152 134 154 205 122 115 116
Working Capital Days 72 75 89 106 112 122 103 107 155 88 87 96
ROCE % 15% 14% 15% 17% 11% 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.

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

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