1. Is Sangam (India) Ltd a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that Sangam (India) Ltd is a average quality company.
2. Is Sangam (India) Ltd undervalued or overvalued?
The key valuation ratios of Sangam (India) Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
3. Is Sangam (India) Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Sangam (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘ
Value Creation Index Colour Code Guide ⓘ
|ROCE % ⓘ||10.1%||9%||10.2%||11.6%||8.1%||5.3%||5.1%||5.1%||3.1%||13.8%||-|
|Value Creation Index ⓘ||-0.3||-0.4||-0.3||-0.2||-0.4||-0.6||-0.6||-0.6||-0.8||-0.0||-|
Growth Parameters ⓘ
Growth Parameters Colour Code Guide ⓘ
|YoY Gr. Rt. %||-||-3.1%||2.5%||2.4%||6%||2.8%||14.4%||-4.8%||-24.1%||80.1%||-|
|Adj EPS ⓘ||12.6||9.9||12.8||19.2||11.9||5.6||4.7||3.5||0.4||34.1||40.1|
|YoY Gr. Rt. %||-||-21.8%||29.9%||50%||-38.1%||-52.8%||-17.3%||-25.2%||-87.6%||7834.9%||-|
|BVPS (₹) ⓘ||75.6||84.1||94.3||111.4||125.3||130.8||133.6||135.3||128.9||159||180.2|
|Adj Net Profit ⓘ||49.8||38.9||50.6||75.8||47||22.2||18.3||13.7||1.9||148||181|
|Cash Flow from Ops. ⓘ||155||163||136||139||147||95.4||174||183||132||94.8||-|
|Debt/CF from Ops. ⓘ||4.3||3.6||4.6||4.7||4.8||8.3||4.1||3.5||4.5||8||-|
CAGR Colour Code Guide ⓘ
|9 Years||5 Years||3 Years||1 Years|
|Adj EPS ⓘ||11.7%||23.4%||94.3%||7834.9%|
Key Financial Parameters ⓘ
Performance Ratio Colour Code Guide ⓘ
|Return on Equity % ⓘ||18.1||12.4||14.4||18.7||10.1||4.4||3.5||2.6||0.3||23.2||23.7|
|Op. Profit Mgn % ⓘ||14.1||13.2||14.2||15||11||7.8||9||9.1||9.1||12.6||12.7|
|Net Profit Mgn % ⓘ||3.4||2.7||3.4||5||3||1.4||1||0.8||0.1||6.1||6.4|
|Debt to Equity ⓘ||2.2||1.8||1.7||1.5||1.4||1.5||1.3||1.2||1.1||1.1||0.3|
|Working Cap Days ⓘ||123||132||138||153||161||179||170||172||217||144||130|
|Cash Conv. Cycle ⓘ||73||84||95||108||111||115||104||112||147||97||29|
Return on Equity has increased versus last 3 years average to 23.70%
Net Profit is growing at healthy rate in last 3 years 94.32%
Sales growth is good in last 4 quarters at 45.90%
Sales growth has been subdued in last 3 years 9.17%
Debt to equity has increased versus last 3 years average to 1.10
|TTM EPS (₹)||40.1||40.1|
|TTM Sales (₹ Cr.)||2,815||2,811|
|BVPS (₹.) ⓘ||180.2||180.2|
|Reserves (₹ Cr.) ⓘ||767||767|
|From the Market|
|52 Week Low / High (₹)||232.85 / 423.40|
|All Time Low / High (₹)||3.44 / 423.40|
|Market Cap (₹ Cr.)||1,199|
|Equity (₹ Cr.)||45.1|
|Face Value (₹)||10|
|Industry PE ⓘ||23.7|
Established in 1984, Sangam India Ltd. is one of the foremost producers in PV dyed yarn, cotton and OE yarn and also ready to stitch fabric. The NSE & BSE listed company produces millions of meters of PV fabric and denim fabric annually. This magnitude of production is possible with a highly organized production base. The Group has also introduced a seamless garment manufacturing facility with many seamless knitting machines that have the capacity to produce multi million pieces per annum.
Sangam started with only eight weaving machines in 1984 and is now being recognized as a leading brand in the textile industry, with presence in many countries. Sangam Group celebrated many such milestones in its journey so far. Some of them include backward integration to spinning in 1995 with 17,280 spindles of PV Dyed Yarn and further increasing it to 11,520 spindles in 1998. In 2003, the company built a 10.0 MW coal based captive power plant by adding 35,232 spindles. In 2009, by installing 1.13 Lakh Spindles, 130 Weaving Machines, 12 Knitting Machines and Captive Thermal Power Plants of 6 & 15 MW.
The company's major expansion kick-started in 2014, as the group saw an increase in Denim capacity to 35 million meters p.a. Installation of state-of-the-art Seamless Garment Machines with a capacity of 3.6 lakhs pieces p.a. The next big step was venturing into the B2C market space with the launch of C9 Airwear, a casual wear & active wear apparel brand for women in 2015. C9 Airwear is available across 1000 multi brand outlets in India and all major digital retail portals such as Myntra, Amazon, Nykaa, Flipkart etc.
Presently, the company is well-positioned as one of the most vertically integrated textile players across the country. It is self-sufficient in all aspects owing to its presence across the national end-to-end textile value chain. With its rich experience, quality product offerings, and strong manufacturing expertise, the company has created a robust clientele. Its renowned client base include Banswara Syntex, Siyaram, BSL, Vimal, RSWM Limited, Arvind Limited, Trident Limited, Marks & Spencer, Reliance Trends, Zivame, Myntra, Lifestyle International, Benetton and Westside, among others.
Business area of the company
The company is engaged in manufacturing of cotton, synthetic blended yarns, open yarn, synthetic and denim fabric weaves, cotton knitted fabric seamless garment knitting, and fabric processing. It also offers a range of woven PV fabrics, for suiting and bottom wear. The Company’s flagship brands include Sangam Suiting and Sangam Denim.