Sangam (India) Ltd.

•

sangamgroup.comBSE: 514234NSE: SANGAMIND

Market Cap₹ 2,867 Cr.

Current Price

High / Low₹ 672 / 363

Stock P/E23.6

Book Value₹ 222

Price to Book1.94

Dividend Yield0.35 %

ROCE10.1 %

ROE7.9 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Textiles

Hold

This sector relies on indirect export proxies rather than direct textile production data. Exports of goods rose 15.0% YoY (2026-06), the currency is weak at 95.23 (Sep/26), and export prices are 163.50, all of which can help exporters, though terms of trade at 102.30 are below the prior 114 in the snapshot context. FPI flows are modestly positive at INR 256 crore over 3 months to 2026-08-31, so the stance is mildly constructive but confidence is capped due to proxy reliance.

Confidence

50%

View full sector analysis →

PROS

Company has delivered good profit growth of 81.4% CAGR over last 5 years
Latest quarter profit grew 1825.8% YoY, showing strong momentum
Company has consistently been profitable over the last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 5.54x)
Company has delivered good sales growth of 18.9% CAGR over last 5 years

CONS

Company has a low return on equity of 5.2% over last 3 years
Company has a low return on capital employed of 7.8%
Interest coverage is weak at 2.0x - earnings barely cover interest
Recurring exceptional / one-off items are inflating headline profit
Equity base is being diluted - shares outstanding up 11.5%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

TextilesTextileTextile

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	PAGEIND	36184.20	53.40	40359.40	1.52	192.81	-3.98	1420.45	7.89	73.60	20.35
2.	KPRMILL	1170.30	43.85	40002.49	0.43	258.54	21.55	1935.52	14.77	20.16	19.37
3.	WELSPUNLIV	200.05	68.08	18899.77	0.05	162.61	82.09	2795.45	23.66	6.41	11.53
4.	VTL	587.40	20.06	17009.74	0.85	314.56	51.46	2703.08	13.31	8.91	18.11
5.	ARVIND	572.70	37.62	15579.77	0.79	57.77	5.61	2500.96	24.65	15.30	9.64
6.	MANYAVAR	542.70	32.73	13186.43	1.43	66.90	37.31	267.95	22.74	33.92	45.53
7.	PGIL	2358.75	35.11	10895.19	0.61	99.23	51.37	1528.26	24.46	22.42	10.72
8.	SWANCORP	284.90	39.94	8930.39	0.05	-35.99	-233.33	1013.75	-16.44	4.50	-0.38
9.	ICIL	447.65	58.76	8865.90	0.34	63.22	67.28	1206.96	25.89	8.73	11.88
10.	GARFIBRES	814.50	37.86	7953.46	1.10	64.60	21.56	482.37	31.35	20.98	18.70
11.	KUSUMGAR	570.25	60.97	5987.13	0.00	426.47	—	2472.47	—	26.15	30.50
12.	SANGAMIND	570.65	23.60	2867.32	0.35	41.02	1825.82	860.35	8.94	10.09	12.25

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	677	629	621	701	693	676	754	734	790	786	775	884	860
	623	582	573	634	626	620	690	677	732	709	690	782	810
Operating Profit	51	43	45	63	64	52	61	54	54	74	81	98	105
OPM %	7.46%	6.87%	7.26%	9.04%	9.23%	7.74%	8.05%	7.41%	6.88%	9.36%	10.46%	11.14%	12.25%
Other Income	2	4	3	4	5	1	-3	12	13	-1	0	-4	7
Interest	14	16	18	23	23	25	21	25	30	29	27	27	30
Depreciation	22	22	27	26	28	28	29	30	36	10	25	24	26
	19	11	4	19	20	3	9	13	3	34	31	45	55
Tax %	32.86%	1.49%	13.01%	29.04%	27.07%	-85.00%	72.22%	25.62%	15.81%	32.13%	21.42%	27.08%	25.62%
Net Profit	0	0	0	0	14	6	2	10	2	23	24	33	41
	3	2	1	3	3	1	0	2	0	5	5	7	1
Equity Capital	50	50	50	50	50	50	50	50	50	50	50	50	50
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

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	Mar 2026	TTM
	1,591	1,637	1,874	1,790	1,359	2,438	2,712	2,628	2,857	3,235	3,305
	1,418	1,513	1,714	1,629	1,237	2,130	2,411	2,413	2,614	2,931	2,992
Operating Profit	198	150	168	170	132	315	319	228	260	329	—
OPM %	12	9	9	9	10	13	12	9	9	10	—
Other Income	24	25	9	8	10	7	17	13	17	25	2
Interest	65	63	67	69	49	48	54	71	95	114	113
Depreciation	73	77	81	81	81	70	79	97	114	95	85
	61	10	21	20	2	184	160	53	44	113	165
Tax %	13	-186	37	34	-113	24	18	24	28	27	27
Net Profit	53	29	13	13	4	141	131	41	32	83	121
EPS	13	7	3	3	1	32	27	8	6	16	—
Dividend Payout %	15	14	30	30	103	6	7	25	32	12	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	-0	-0
Adjusted EPS	13	7	3	3	1	32	29	8	6	16	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 19%
3 Years:: 6%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 81%
3 Years:: -14%

STOCK PRICE CAGR

10 Years:: 8%
5 Years:: 33%
3 Years:: 17%
1 Year:: 52%

RETURN ON EQUITY

10 Years:: 9%
5 Years:: 11%
3 Years:: 5%
Last Year:: 8%

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	Mar 2026
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	39	39	39	39	43	43	45	50	50	50
	453	472	481	488	509	647	815	934	957	1,026
	320	372	355	359	385	364	434	391	352	464
Trade Payables	102	151	165	115	116	287	227	427	603	698
	514	545	494	440	355	482	640	938	999	1,088
Total Liabilities	1,428	1,580	1,534	1,441	1,409	1,824	2,161	2,740	2,960	3,326
ASSETS	-	-	-	-	-	-	-	-	-	-
	655	700	648	616	590	602	725	1,007	1,278	1,509
Capital Work in Progress	11	9	10	6	9	74	223	219	172	82
	6	6	6	6	0	1	8	11	80	154
	361	360	361	373	376	528	513	669	576	587
	0	0	0	0	0	0	0	448	518	637
Cash & Bank	6	2	1	14	10	22	28	28	52	66
	390	504	509	426	423	597	663	357	285	292
Total Assets	1,428	1,580	1,534	1,441	1,409	1,824	2,161	2,740	2,960	3,326
Total Debt	708	787	707	648	590	607	824	1,065	1,135	1,276
Net Working Capital	174	170	167	171	191	172	174	287	226	160
Contingent Liabilities	16	24	18	14	15	13	10	120	94	89
Book Value per Share	124.79	129.82	132.09	133.72	127.21	158.98	190.84	195.88	200.35	214.18
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

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	Mar 2026
	147	95	174	183	133	245	216	160	432	269
Cash from Investing	-131	-107	-24	-39	-43	-192	-354	-390	-372	-272
Cash from Financing	-14	8	-151	-132	-93	-41	143	230	-36	17
	2	-4	-1	13	-4	12	6	0	24	14
Free Cash Flow	147	-24	143	139	75	164	-116	-178	111	135
OCF / Net Profit	2.79	3.33	13.15	13.81	31.48	1.74	1.65	3.92	13.57	3.25
Cumulative 5-Year FCF	0	0	0	0	0	497	406	85	57	117

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	Mar 2026
PER SHARE
EPS (₹)	13.43	7.26	3.36	3.37	0.97	32.39	28.98	8.12	6.33	16.44
Book Value (₹)	124.79	129.82	132.09	133.72	127.21	158.98	190.84	195.88	200.35	214.18
Dividend per Share (₹)	2.00	1.00	1.00	1.00	1.00	2.00	2.00	2.00	2.00	2.00
Cash EPS (₹)	31.84	26.82	23.78	23.93	19.53	48.59	46.60	27.39	29.11	35.42
PROFITABILITY
Operating Margin %	12.17%	9.09%	8.98%	9.50%	9.71%	12.90%	11.75%	8.20%	8.51%	9.39%
Net Margin %	3.25%	1.74%	0.71%	0.74%	0.31%	5.77%	4.81%	1.55%	1.11%	2.55%
ROE %	19.66%	5.70%	2.56%	2.53%	0.78%	22.64%	16.84%	4.43%	3.19%	7.93%
ROCE %	18.51%	5.83%	6.94%	7.40%	4.43%	18.82%	14.10%	6.65%	6.63%	10.09%
	6.56%	1.90%	0.85%	0.89%	0.30%	8.70%	6.55%	1.67%	1.12%	2.63%
EFFICIENCY
Debtor Days	31	63	65	65	77	49	49	56	62	65
Inventory Days	44	80	70	75	101	68	70	82	80	66
Payable Days	24	53	57	55	61	37	27	18	19	24
	51	91	79	85	117	80	93	120	123	106
FINANCIAL HEALTH
Debt to Equity (x)	1.44x	1.54x	1.36x	1.23x	1.07x	0.88x	0.96x	1.08x	1.13x	1.19x
Interest Coverage (x)	1.94x	1.16x	1.32x	1.29x	1.04x	4.85x	3.96x	1.75x	1.47x	1.99x
	1.31x	1.25x	1.24x	1.27x	1.32x	1.19x	1.20x	1.27x	1.19x	1.11x
GROWTH
Revenue Growth %	713.16%	2.88%	14.43%	-4.45%	-24.08%	79.38%	11.26%	-3.11%	8.71%	13.22%
Operating Profit Growth %	558.32%	-24.32%	12.21%	1.05%	-22.38%	138.36%	1.33%	-28.38%	13.90%	26.45%
Net Profit Growth %	599.35%	-45.93%	-53.77%	0.38%	-68.30%	3240.86%	-7.19%	-68.73%	-22.10%	159.78%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-71.97%	-22.10%	159.75%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	53.99x	68.97x	25.30x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	2.24x	2.18x	1.94x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.46%	0.46%	0.48%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	14.20x	12.60x	10.04x

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	70.16	70.16	70.16	70.16	70.16	70.17	70.35	70.52	70.52
	2.65	2.69	2.68	2.68	2.64	2.65	2.46	2.40	2.50
	0.54	0.57	0.57	0.57	0.57	0.57	0.09	0.09	0.09
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	26.65	26.57	26.58	26.58	26.63	26.61	27.10	27.00	26.89

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-31

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-31 - Sangam (India) Limited has informed the Exchange about Schedule of meet

2026-08-18

General Updates

2026-08-18 - Sangam (India) Limited has informed the Exchange about General Updates

2026-08-13

Shareholders meeting

2026-08-13 - Sangam (India) Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on August 12, 2026. Further, the company has informed the Exchange regarding voting results.

2026-08-12

Shareholders meeting

2026-08-12 - Sangam (India) Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on August 12, 2026

2026-08-08

Copy of Newspaper Publication

2026-08-08 - Sangam (India) Limited has informed the Exchange about Copy of Newspaper Publication with regards to Notice to Shareholders for Transfer of Equity Shares to the IEPF Authority.

2026-08-08

Copy of Newspaper Publication

2026-08-08 - Sangam (India) Limited has informed the Exchange about Copy of Newspaper Publication with regards to the Second Corrigendum to the Notice of Extra-Ordinary General Meeting.

2026-08-07

Corrigendum

2026-08-07 - Sangam (India) Limited has informed the Exchange regarding the Second Corrigendum to Notice of Extra Ordinary General Meeting to be held on August 12, 2026

2026-08-01

Copy of Newspaper Publication

2026-08-01 - Sangam (India) Limited has informed the Exchange about Copy of Newspaper Publication

2026-07-31

Corrigendum

2026-07-31 - Sangam (India) Limited has informed the Exchange regarding Corrigendum to Notice of Extra Ordinary General Meeting to be held on August 12, 2026

News

Recent coverage and analyst commentary for SANGAMIND

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Name

PAGEIND

36184.20

53.40

40359.40

1.52

192.81

-3.98

1420.45

7.89

73.60

20.35

KPRMILL

1170.30

43.85

40002.49

0.43

258.54

21.55

1935.52

14.77

20.16

19.37

WELSPUNLIV

200.05

68.08

18899.77

0.05

162.61

82.09

2795.45

23.66

6.41

11.53

VTL

587.40

20.06

17009.74

0.85

314.56

51.46

2703.08

13.31

8.91

18.11

ARVIND

572.70

37.62

15579.77

0.79

57.77

5.61

2500.96

24.65

15.30

9.64

MANYAVAR

542.70

32.73

13186.43

1.43

66.90

37.31

267.95

22.74

33.92

45.53

PGIL

2358.75

35.11

10895.19

0.61

99.23

51.37

1528.26

24.46

22.42

10.72

SWANCORP

284.90

39.94

8930.39

0.05

-35.99

-233.33

1013.75

-16.44

4.50

-0.38

ICIL

447.65

58.76

8865.90

0.34

63.22

67.28

1206.96

25.89

8.73

11.88

GARFIBRES

814.50

37.86

7953.46

1.10

64.60

21.56

482.37

31.35

20.98

18.70

KUSUMGAR

570.25

60.97

5987.13

0.00

426.47

—

2472.47

—

26.15

30.50

SANGAMIND

570.65

23.60

2867.32

0.35

41.02

1825.82

860.35

8.94

10.09

12.25

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

677

629

621

701

693

676

754

734

790

786

775

884

860

623

582

573

634

626

620

690

677

732

709

690

782

810

Operating Profit

105

OPM %

7.46%

6.87%

7.26%

9.04%

9.23%

7.74%

8.05%

7.41%

6.88%

9.36%

10.46%

11.14%

12.25%

Other Income

-3

-1

-4

Interest

Depreciation

Tax %

32.86%

1.49%

13.01%

29.04%

27.07%

-85.00%

72.22%

25.62%

15.81%

32.13%

21.42%

27.08%

25.62%

Net Profit

Equity Capital

Reserves

Promoter Pledge %

0.00%

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

1,591

1,637

1,874

1,790

1,359

2,438

2,712

2,628

2,857

3,235

3,305

1,418

1,513

1,714

1,629

1,237

2,130

2,411

2,413

2,614

2,931

2,992

Operating Profit

198

150

168

170

132

315

319

228

260

329

—

OPM %

—

Other Income

Interest

114

113

Depreciation

114

184

160

113

165

Tax %

-186

-113

Net Profit

141

131

121

EPS

—

Dividend Payout %

103

—

Minority Interest

Share of Associates

-0

Adjusted EPS

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

LIABILITIES

Equity Capital

453

472

481

488

509

647

815

934

957

1,026

320

372

355

359

385

364

434

391

352

464

Trade Payables

102

151

165

115

116

287

227

427

603

698

514

545

494

440

355

482

640

938

999

1,088

Total Liabilities

1,428

1,580

1,534

1,441

1,409

1,824

2,161

2,740

2,960

3,326

ASSETS

655

700

648

616

590

602

725

1,007

1,278

1,509

Capital Work in Progress

223

219

172

154

361

360

361

373

376

528

513

669

576

587

448

518

637

Cash & Bank

390

504

509

426

423

597

663

357

285

292

Total Assets

1,428

1,580

1,534

1,441

1,409

1,824

2,161

2,740

2,960

3,326

Total Debt

708

787

707

648

590

607

824

1,065

1,135

1,276

Net Working Capital

174

170

167

171

191

172

174

287

226

160

Contingent Liabilities

120

Book Value per Share

124.79

129.82

132.09

133.72

127.21

158.98

190.84

195.88

200.35

214.18

Face Value

10.00

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

147

174

183

133

245

216

160

432

269

Cash from Investing

-131

-107

-24

-39

-43

-192

-354

-390

-372

-272

Cash from Financing

-14

-151

-132

-93

-41

143

230

-36

-4

-1

-4

Free Cash Flow

147

-24

143

139

164

-116

-178

111

135

OCF / Net Profit

2.79

3.33

13.15

13.81

31.48

1.74

1.65

3.92

13.57

3.25

Cumulative 5-Year FCF

497

406

117

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

PER SHARE

EPS (₹)

13.43

7.26

3.36

3.37

0.97

32.39

28.98

8.12

6.33

16.44

Book Value (₹)

124.79

129.82

132.09

133.72

127.21

158.98

190.84

195.88

200.35

214.18

Dividend per Share (₹)

2.00

1.00

2.00

Cash EPS (₹)

31.84

26.82

23.78

23.93

19.53

48.59

46.60

27.39

29.11

35.42

PROFITABILITY

Operating Margin %

12.17%

9.09%

8.98%

9.50%

9.71%

12.90%

11.75%

8.20%

8.51%

9.39%

Net Margin %

3.25%

1.74%

0.71%

0.74%

0.31%

5.77%

4.81%

1.55%

1.11%

2.55%

ROE %

19.66%

5.70%

2.56%

2.53%

0.78%

22.64%

16.84%

4.43%

3.19%

7.93%

ROCE %

18.51%

5.83%

6.94%

7.40%

4.43%

18.82%

14.10%

6.65%

6.63%

10.09%

6.56%

1.90%

0.85%

0.89%

0.30%

8.70%

6.55%

1.67%

1.12%

2.63%

EFFICIENCY

Debtor Days

Inventory Days

101

Payable Days

117

120

123

106

FINANCIAL HEALTH

Debt to Equity (x)

1.44x

1.54x

1.36x

1.23x

1.07x

0.88x

0.96x

1.08x

1.13x

1.19x

Interest Coverage (x)

1.94x

1.16x

1.32x

1.29x

1.04x

4.85x

3.96x

1.75x

1.47x

1.99x

1.31x

1.25x

1.24x

1.27x

1.32x

1.19x

1.20x

1.27x

1.19x

1.11x

GROWTH

Revenue Growth %

713.16%

2.88%

14.43%

-4.45%

-24.08%

79.38%

11.26%

-3.11%

8.71%

13.22%

Operating Profit Growth %

558.32%

-24.32%

12.21%

1.05%

-22.38%

138.36%

1.33%

-28.38%

13.90%

26.45%

Net Profit Growth %

599.35%

-45.93%

-53.77%

0.38%

-68.30%

3240.86%

-7.19%

-68.73%

-22.10%

159.78%

0.00%

-71.97%

-22.10%

159.75%

VALUATION

P/E (x)

0.00x

53.99x

68.97x

25.30x

P/B (x)

0.00x

2.24x

2.18x

1.94x

Dividend Yield %

0.00%

0.46%

0.48%

0.00x

14.20x

12.60x

10.04x

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

70.16

70.17

70.35

70.52

2.65

2.69

2.68

2.64

2.65

2.46

2.40

2.50

0.54

0.57

0.09

Government

0.00

26.65

26.57

26.58

26.63

26.61

27.10

27.00

26.89

Sangam (India) Ltd.

AI Sector View

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Quarterly Results

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Sangam (India) Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI