Sanghi Industries Ltd
Sanghi Industries Limited is engaged in the manufacturing and marketing of cement and cement products in domestic and export markets. The Company’s manufacturing facilities are at Sanghipuram, Gujarat. The company sells in Gujarat, Rajasthan, Maharashtra and Kerala and International Markets of the Middle East, Africa and the Indian subcontinent. It also sells Ready Mix Concrete in Ahmedabad and Rajkot markets.[1]
- Market Cap ₹ 1,289 Cr.
- Current Price ₹ 49.9
- High / Low ₹ 70.0 / 47.0
- Stock P/E
- Book Value ₹ 16.3
- Dividend Yield 0.00 %
- ROCE -3.91 %
- ROE -46.1 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 3.06 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 1.77% over past five years.
- Company has a low return on equity of -30.5% over last 3 years.
- Earnings include an other income of Rs.66.1 Cr.
* 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.
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Jun 2014 | Jun 2015 | Mar 2016 9m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,048 | 932 | 840 | 998 | 1,026 | 1,061 | 888 | 939 | 1,129 | 928 | 828 | 969 | 1,141 | |
| 851 | 775 | 689 | 799 | 811 | 907 | 695 | 696 | 938 | 942 | 899 | 902 | 1,031 | |
| Operating Profit | 197 | 157 | 151 | 198 | 216 | 154 | 193 | 244 | 192 | -14 | -71 | 67 | 110 |
| OPM % | 19% | 17% | 18% | 20% | 21% | 15% | 22% | 26% | 17% | -1.5% | -9% | 7% | 10% |
| 8 | 7 | -59 | 2 | 22 | 27 | 12 | 6 | 11 | 19 | 13 | -82 | 66 | |
| Interest | 14 | 27 | 22 | 64 | 72 | 57 | 78 | 73 | 82 | 238 | 284 | 228 | 225 |
| Depreciation | 148 | 106 | 54 | 73 | 72 | 71 | 62 | 64 | 64 | 93 | 107 | 218 | 375 |
| Profit before tax | 44 | 31 | 16 | 63 | 93 | 53 | 65 | 113 | 57 | -326 | -449 | -462 | -424 |
| Tax % | -14% | 0% | 2% | 0% | 0% | 0% | 0% | 31% | 28% | 0% | 0% | 8% | |
| 50 | 31 | 16 | 63 | 93 | 53 | 65 | 78 | 41 | -326 | -449 | -498 | -424 | |
| EPS in Rs | 2.25 | 1.39 | 0.73 | 2.87 | 3.72 | 2.10 | 2.60 | 3.12 | 1.62 | -12.61 | -17.37 | -19.29 | -16.43 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | 2% |
| 3 Years: | -5% |
| TTM: | 24% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -75% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -3% |
| 5 Years: | -6% |
| 3 Years: | -24% |
| 1 Year: | -23% |
| Return on Equity | |
|---|---|
| 10 Years: | -5% |
| 5 Years: | -14% |
| 3 Years: | -31% |
| Last Year: | -46% |
Balance Sheet
Figures in Rs. Crores
| Jun 2014 | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 220 | 220 | 220 | 220 | 251 | 251 | 251 | 251 | 251 | 258 | 258 | 258 | 258 |
| Reserves | 670 | 691 | 831 | 894 | 1,347 | 1,399 | 1,464 | 1,543 | 1,583 | 1,301 | 852 | 354 | 162 |
| 651 | 535 | 603 | 599 | 740 | 771 | 1,256 | 1,415 | 1,397 | 1,548 | 2,084 | 2,506 | 2,494 | |
| 217 | 314 | 366 | 352 | 316 | 394 | 433 | 395 | 589 | 602 | 434 | 615 | 848 | |
| Total Liabilities | 1,757 | 1,760 | 2,020 | 2,066 | 2,654 | 2,816 | 3,404 | 3,604 | 3,820 | 3,710 | 3,628 | 3,733 | 3,762 |
| 1,266 | 1,238 | 1,478 | 1,452 | 1,509 | 1,605 | 1,706 | 1,652 | 3,163 | 3,117 | 3,185 | 3,090 | 3,013 | |
| CWIP | 59 | 56 | 82 | 167 | 294 | 437 | 1,004 | 1,338 | 42 | 42 | 4 | 149 | 152 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 432 | 466 | 460 | 447 | 852 | 774 | 694 | 614 | 614 | 550 | 439 | 494 | 597 | |
| Total Assets | 1,757 | 1,760 | 2,020 | 2,066 | 2,654 | 2,816 | 3,404 | 3,604 | 3,820 | 3,710 | 3,628 | 3,733 | 3,762 |
Cash Flows
Figures in Rs. Crores
| Jun 2014 | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 210 | 197 | 142 | 76 | 222 | 122 | 71 | 302 | 402 | -25 | -245 | -249 | |
| -44 | -44 | -124 | -8 | -684 | -112 | -471 | -342 | -298 | 29 | 236 | -128 | |
| -167 | -152 | -19 | -68 | 463 | -10 | 401 | 39 | -105 | -3 | 182 | 225 | |
| Net Cash Flow | -0 | 0 | -0 | -0 | 0 | 0 | 2 | -1 | -1 | 1 | 172 | -152 |
| Free Cash Flow | 166 | 123 | 96 | 1 | -67 | -277 | -522 | -62 | 116 | 12 | -51 | -386 |
| CFO/OP | 107% | 125% | 94% | 39% | 97% | 80% | 36% | 122% | 210% | 180% | 344% | -376% |
Ratios
| Jun 2014 | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 4 | 6 | 8 | 9 | 11 | 15 | 16 | 19 | 30 | 20 | 0 | 22 |
| Inventory Days | 561 | 729 | 863 | 811 | 891 | 1,814 | 1,500 | 1,612 | 308 | 1,550 | ||
| Days Payable | 290 | 758 | 658 | 730 | 725 | 668 | 589 | 1,348 | 129 | 508 | ||
| Cash Conversion Cycle | 275 | 6 | -21 | 214 | 93 | 181 | 1,163 | 930 | 294 | 20 | 179 | 1,063 |
| Working Capital Days | 9 | -25 | -42 | -14 | -32 | -54 | -74 | -45 | -88 | -112 | -86 | -12 |
| ROCE % | 4% | 4% | 6% | 8% | 8% | 5% | 5% | 6% | 4% | -3% | -5% | -4% |
Insights
In beta| Sep 2022 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Cement Installed Capacity MTPA |
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| Cement Sales Volume MnT |
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| WHRS Capacity MW |
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| Green Power Share % |
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| Market Share % |
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| Renewable Power Capacity MW |
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Extracted by Screener AI
Documents
Announcements
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
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Announcement under Regulation 30 (LODR)-Scheme of Arrangement
- Scheme effective March 12, 2026; Sanghi amalgamated with Ambuja; record date April 6, 2026; appointed date April 1, 2024.
- Corporate Action- Fixes Record Date
- Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Company has informed about interaction with Investors / Analysts on March 16, 2026, March 17, 2026, March 18, 2026 and March 19, 2026.
Annual reports
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
from nse
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Annual Report 2012
from bse
Concalls
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Feb 2026Transcript PPT
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Jan 2026PPT
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Nov 2025Transcript PPT
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Aug 2025Transcript PPT
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Jul 2025PPT
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Oct 2024PPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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Apr 2024PPT
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Apr 2024PPT
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May 2022Transcript
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Jun 2021PPT
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Jun 2021PPT
Product Portfolio Revenue Split FY23
The Co. manufactures Clinker & different types of Cement such as:
Ordinary Portland Cement (OPC) - 66%
Portland Pozzolana Cement (PPC)- 33%
Portland Slag Cement (PSC) - 1%. [1]