Sangam (India) Ltd

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

Sangam (India) Ltd

₹ 419 -2.99%
18 Apr - 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 ₹ 2,106 Cr.
  • Current Price ₹ 419
  • High / Low ₹ 630 / 226
  • Stock P/E 28.3
  • Book Value ₹ 215
  • Dividend Yield 0.48 %
  • ROCE 15.5 %
  • ROE 18.6 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 39.0% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 38.8%
  • Debtor days have improved from 59.7 to 47.5 days.
  • Company's working capital requirements have reduced from 108 days to 84.2 days

Cons

  • The company has delivered a poor sales growth of 10.6% over past five 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.

Peer comparison

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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
440.25 497.42 411.17 638.68 649.80 738.11 713.28 709.32 605.00 684.70 677.10 628.74 621.10
398.45 424.11 362.04 565.21 572.65 630.48 620.13 630.65 546.14 613.81 623.25 582.24 572.66
Operating Profit 41.80 73.31 49.13 73.47 77.15 107.63 93.15 78.67 58.86 70.89 53.85 46.50 48.44
OPM % 9.49% 14.74% 11.95% 11.50% 11.87% 14.58% 13.06% 11.09% 9.73% 10.35% 7.95% 7.40% 7.80%
2.58 5.07 1.78 3.52 2.64 -13.09 4.72 -0.12 -0.92 -12.29 0.72 2.15 1.26
Interest 11.81 14.00 11.54 12.04 13.00 11.22 14.29 16.44 13.41 9.77 13.91 15.76 18.42
Depreciation 20.33 19.23 19.30 18.11 17.99 14.94 18.50 22.05 25.12 13.72 21.64 22.15 26.90
Profit before tax 12.24 45.15 20.07 46.84 48.80 68.38 65.08 40.06 19.41 35.11 19.02 10.74 4.38
Tax % 39.30% 25.71% 35.77% 36.23% 10.37% 20.81% 19.28% 24.29% 9.58% 14.18% 32.86% 1.49% 13.01%
7.43 33.54 12.89 29.87 43.74 53.44 52.53 30.33 17.55 30.13 12.77 10.58 3.81
EPS in Rs 1.71 7.72 2.97 6.88 10.07 12.31 12.10 6.73 3.90 6.69 2.83 2.35 0.85
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,591 1,637 1,874 1,790 1,359 2,438 2,712 2,612
1,418 1,513 1,714 1,629 1,237 2,130 2,411 2,392
Operating Profit 174 125 159 162 122 307 302 220
OPM % 11% 8% 8% 9% 9% 13% 11% 8%
23 25 9 8 10 -5 -9 -8
Interest 64 63 67 69 49 48 54 58
Depreciation 73 77 81 81 81 70 79 84
Profit before tax 61 10 21 20 2 184 160 69
Tax % 13% -186% 37% 34% -113% 24% 18%
53 29 13 13 4 140 131 57
EPS in Rs 13.43 7.26 3.36 3.37 0.97 32.23 28.98 12.72
Dividend Payout % 15% 14% 30% 30% 103% 6% 7%
Compounded Sales Growth
10 Years: %
5 Years: 11%
3 Years: 15%
TTM: -6%
Compounded Profit Growth
10 Years: %
5 Years: 39%
3 Years: 122%
TTM: -56%
Stock Price CAGR
10 Years: 27%
5 Years: 46%
3 Years: 74%
1 Year: 67%
Return on Equity
10 Years: %
5 Years: 11%
3 Years: 16%
Last Year: 19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 39 39 39 39 43 43 45 50
Reserves 453 472 481 488 509 647 815 917
708 787 707 648 590 610 826 933
228 281 306 266 267 523 474 494
Total Liabilities 1,428 1,580 1,534 1,441 1,409 1,824 2,161 2,395
655 700 648 616 590 602 725 919
CWIP 11 9 12 10 9 74 223 197
Investments 6 6 6 6 0 1 8 9
757 865 868 809 809 1,147 1,205 1,270
Total Assets 1,428 1,580 1,534 1,441 1,409 1,824 2,161 2,395

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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

Shareholding Pattern

Numbers in percentages

5 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
59.15% 59.15% 61.45% 61.45% 61.44% 61.44% 70.29% 70.29% 70.29% 70.18% 70.18% 70.17%
0.00% 0.00% 0.01% 0.82% 0.59% 0.52% 0.48% 0.42% 0.37% 0.34% 0.26% 0.17%
2.33% 1.22% 1.22% 0.02% 0.01% 0.02% 0.00% 0.00% 0.00% 0.01% 0.33% 0.33%
38.52% 39.64% 37.32% 37.71% 37.95% 38.02% 29.23% 29.29% 29.27% 29.41% 28.89% 28.49%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.08% 0.07% 0.34% 0.85%
No. of Shareholders 7,2787,0517,6457,99011,19211,36710,97411,24810,98111,43710,79210,761

* 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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