Sangam (India) Ltd
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]
- Market Cap ₹ 2,345 Cr.
- Current Price ₹ 467
- High / Low ₹ 513 / 293
- Stock P/E 97.1
- Book Value ₹ 224
- Dividend Yield 0.43 %
- ROCE 6.80 %
- ROE 3.47 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 21.0%
- Company's working capital requirements have reduced from 21.8 days to 12.2 days
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 9.80% over past five years.
- Company has a low return on equity of 8.15% over last 3 years.
* 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
Consumer Discretionary Textiles Textiles & Apparels Other Textile Products
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1,591 | 1,637 | 1,874 | 1,790 | 1,359 | 2,438 | 2,712 | 2,628 | 2,857 | 2,954 | |
| 1,418 | 1,513 | 1,714 | 1,629 | 1,237 | 2,130 | 2,411 | 2,413 | 2,612 | 2,719 | |
| Operating Profit | 174 | 125 | 159 | 162 | 122 | 307 | 302 | 215 | 245 | 235 |
| OPM % | 11% | 8% | 8% | 9% | 9% | 13% | 11% | 8% | 9% | 8% |
| 23 | 25 | 9 | 8 | 10 | -5 | -9 | 6 | 9 | 16 | |
| Interest | 64 | 63 | 67 | 69 | 49 | 48 | 54 | 71 | 95 | 102 |
| Depreciation | 73 | 77 | 81 | 81 | 81 | 70 | 79 | 97 | 114 | 122 |
| Profit before tax | 61 | 10 | 21 | 20 | 2 | 184 | 160 | 53 | 44 | 27 |
| Tax % | 13% | -186% | 37% | 34% | -113% | 24% | 18% | 24% | 28% | |
| 53 | 29 | 13 | 13 | 4 | 140 | 131 | 41 | 32 | 20 | |
| EPS in Rs | 13.43 | 7.26 | 3.36 | 3.37 | 0.97 | 32.23 | 28.98 | 9.06 | 7.06 | 4.35 |
| Dividend Payout % | 15% | 14% | 30% | 30% | 103% | 6% | 7% | 25% | 32% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 5% |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | -38% |
| TTM: | -49% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 57% |
| 3 Years: | 17% |
| 1 Year: | 18% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 8% |
| Last Year: | 3% |
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 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 39 | 39 | 39 | 39 | 43 | 43 | 45 | 50 | 50 |
| Reserves | 453 | 472 | 481 | 488 | 509 | 673 | 838 | 934 | 957 |
| 708 | 787 | 707 | 648 | 590 | 610 | 826 | 1,066 | 1,138 | |
| 228 | 281 | 306 | 266 | 267 | 498 | 451 | 679 | 811 | |
| Total Liabilities | 1,428 | 1,580 | 1,534 | 1,441 | 1,409 | 1,824 | 2,161 | 2,729 | 2,955 |
| 655 | 700 | 648 | 616 | 590 | 602 | 725 | 1,007 | 1,278 | |
| CWIP | 11 | 9 | 12 | 10 | 9 | 74 | 223 | 221 | 179 |
| Investments | 6 | 6 | 6 | 6 | 0 | 1 | 8 | 11 | 80 |
| 757 | 865 | 868 | 809 | 809 | 1,147 | 1,205 | 1,489 | 1,419 | |
| Total Assets | 1,428 | 1,580 | 1,534 | 1,441 | 1,409 | 1,824 | 2,161 | 2,729 | 2,955 |
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 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| 147 | 95 | 174 | 183 | 133 | 245 | 216 | 160 | 432 | |
| -131 | -107 | -24 | -39 | -43 | -192 | -354 | -390 | -372 | |
| -14 | 8 | -151 | -132 | -93 | -41 | 143 | 230 | -36 | |
| Net Cash Flow | 2 | -4 | -1 | 13 | -4 | 12 | 6 | 0 | 24 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 58 | 71 | 68 | 59 | 75 | 56 | 47 | 62 | 66 |
| Inventory Days | 145 | 139 | 120 | 135 | 184 | 143 | 122 | 169 | 131 |
| Days Payable | 41 | 58 | 55 | 41 | 57 | 78 | 54 | 108 | 137 |
| Cash Conversion Cycle | 162 | 152 | 134 | 153 | 203 | 122 | 116 | 124 | 60 |
| Working Capital Days | 38 | 37 | 32 | 32 | 49 | 24 | 19 | 34 | 12 |
| ROCE % | 6% | 7% | 7% | 4% | 20% | 15% | 7% | 7% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
3h - Q2FY26 earnings conference call on Nov 11, 2025 at 12:30 PM IST with MD Anurag Soni.
-
Board Meeting Intimation for Fixation Of Meeting Of Board On 10Th November, 2025
3 Nov - Board meeting 10 Nov 2025 to approve unaudited results for quarter/half-year ended 30 Sep 2025; trading window closed Oct 1.
-
Announcement under Regulation 30 (LODR)-Credit Rating
21 Oct - India Ratings downgraded Sangam’s INR17,650m bank facilities to IND A-/Stable and IND A2+ on Oct 20, 2025.
-
Announcement under Regulation 30 (LODR)-Acquisition
15 Oct - Executed power consumption and share purchase agreements with CGE II and Continuum Green to secure captive renewable energy.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Oct - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30th September, 2025
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from nse
Concalls
-
Aug 2025TranscriptNotesPPT
-
May 2025TranscriptNotesPPT
-
Feb 2025TranscriptNotesPPT
-
Oct 2024TranscriptNotesPPT
-
Aug 2024Transcript PPT
-
May 2024Transcript PPT
-
Mar 2024Transcript PPT
-
Mar 2024TranscriptNotesPPT
-
Feb 2024TranscriptNotesPPT
-
Aug 2023TranscriptNotesPPT
-
Apr 2023TranscriptNotesPPT
-
Feb 2023TranscriptNotesPPT
-
Nov 2022TranscriptNotesPPT
-
Aug 2022TranscriptNotesPPT
-
Aug 2015TranscriptNotesPPT
Leadership[1]
One of the largest manufacturers of PV dyed Yarn and Denim Fabric. The company is the market leader in PV Yarn, PV Fabric, and Denim Fabric.