MoneyWorks4Me

Sangam (India) Ltd (SANGAMIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 514234 NSE: SANGAMIND Textile | Small Cap | Sangam (India) Share Price

₹565.60 -12.50 (-2.16%)

As on 15-Sep'26 16:59

Sangam (India) Ltd (SANGAMIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 514234 NSE: SANGAMIND Textile | Small Cap | Sangam (India) Share Price

₹565.60 -12.50 (-2.16%)

As on 15-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹2,905 Cr.
Current Price
₹565.6
52-Week Low / High
₹392 / 676
TTM EPS
₹24.2
TTM Sales
₹3,305 Cr.
Book Value per Share
₹222.4
P/E Ratio
23.91
Lower than its 5-year historical median
Industry PE
35.9
Price to Book (P/B)
2.60
Higher than its 5-year historical median
Price to Sales (P/S)
0.88
Higher than its 5-year historical median
EV/EBITDA
11.10
In line with its 5-year historical median
Dividend Yield
0.35%
Profitability Efficiency
Return on Equity (ROE)
7.93%
Outperforms industry median
Return on Capital Employed (ROCE)
10.09%
Outperforms industry median
Return on Assets (ROA)
2.63%
Operating Profit Margin
9.9%
Net Profit Margin
2.55%
Gross Profit Margin
6.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
12.19%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
24.92%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
159.78%
Asset Quality
Promoter Holding
70.52%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,067 Cr.
Equity
₹50.3 Cr.
Face Value
₹10
All Time Low / High
₹3.44 / 675.95

Sangam (India) stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Overvalued

Price Trend

Weak
Q.1 Is Sangam (India) Ltd a good quality company?
Sangam (India) Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Sangam (India) Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Sangam (India) Ltd vs industry peers?
Sangam (India) Ltd revenue CAGR is 18.94%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Sangam (India) Ltd?
Promoters hold 70.52% of the Sangam (India) Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Sangam (India) Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 8.8% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Sangam (India) Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 11.2%6%7.2%7.4%4.5%18.8%14.3%6.6%6.5%10.4%-
Value Creation
Index
-0.2-0.6-0.5-0.5-0.70.30.0-0.5-0.5-0.3-

Growth Parameters

Sales 1,5941,6381,8741,7831,3542,4382,7152,6482,8433,1903,249
Sales YoY Gr.-2.8%14.4%-4.8%-24.1%80.1%11.4%-2.5%7.4%12.2%-
Adj EPS 11.95.64.73.50.434.135.28.16.21924
YoY Gr.--52.8%-17.3%-25.2%-87.6%7834.9%3.1%-76.9%-24%207.8%-
BVPS (₹) 125.3130.8133.6135.3128.9159191.8196.2199.7214.2222
Adj Net
Profit
4722.218.313.71.914815840.83195.4121
Cash Flow from Ops. 14795.4174183132248193179433249-
Debt/CF from Ops. 4.88.34.13.54.52.44.25.62.54.9-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 8%18.7%5.5%12.2%
Adj EPS 5.3%113.3%-18.6%207.8%
BVPS6.1%10.7%3.8%7.3%
Share Price 8.6% 29.9% 18.5% 42.7%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
10.14.43.52.60.323.219.84.43.19.211
Op. Profit
Mgn %
117.899.19.112.611.87.77.99.810.9
Net Profit
Mgn %
31.410.80.16.15.81.51.133.7
Debt to
Equity
1.41.51.31.21.10.90.911.11.1-
Working Cap
Days
16117917017221714415217917816284
Cash Conv.
Cycle
1111151041121479710412612911610

Valuation of Sangam (India) - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales1,5911,6371,8741,7901,3592,4382,7122,6282,8573,235
Operating Expenses + 1,4181,5131,7141,6291,2372,1302,4112,4132,6142,931
Manufacturing Costs345393432425303479609569567613
Material Costs8468791,0149306931,2471,4061,4421,6081,823
Employee Cost 160176190192150201231258266293
Other Costs 6765788191203164143173201
Operating Profit 174125159162122307302215243304
Operating Profit Margin (%) 10.9%7.6%8.5%9.0%9.0%12.6%11.1%8.2%8.5%9.4%
Other Income + 24259810717131725
Exceptional Items 00000-12-26-7-7-7
Interest 656367694948547195114
Depreciation 737781818170799711495
Profit Before Tax 6110212021841605344113
Tax 8-1987-24329131230
Profit After Tax 532913134141131413283
PAT Margin (%) 3.3%1.8%0.7%0.7%0.3%5.8%4.8%1.6%1.1%2.6%
Adjusted EPS (₹)13.47.33.43.41.032.429.08.16.316.4
Dividend Payout Ratio (%)14.90%13.80%29.80%29.70%103.10%6.20%6.90%24.60%31.60%12.20%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 4925125215275526908609841,0071,076
Share Capital 39393939434345505050
Reserves 4534724814885096478159349571,026
Debt +6477176406015145457741,0101,0731,183
Long Term Debt327344285242204181340619722719
Short Term Debt320372355359309364434391352464
Minority Interest0000000000
Trade Payables102151165115116287227427603698
Others Liabilities 187200209197226301300319277369
Total Liabilities 1,4281,5801,5341,4411,4091,8242,1612,7402,9603,326

Fixed Assets

Net Fixed Assets +6557006486165906027251,0071,2781,509
Gross Block7278498789279819971,1791,5221,8882,113
Accumulated Depreciation72149230311391395454514610604
CWIP 119121097422322117984
Investments 66660181180154
Inventories361360361373376528513669576587
Trade Receivables255318350292280376353448518637
Cash Equivalents 62114102228285266
Others Assets 135185157131143221310354278290
Total Assets 1,4281,5801,5341,4411,4091,8242,1612,7402,9603,326
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 14795174183133245216160432269
PBT 6110212021841605344113
Adjustment 121127141143132137146168204232
Changes in Working Capital -35-34-5190-31-47-49185-66
Tax Paid 1-7171-2-45-43-12-2-10
Cash Flow From Investing Activity + -131-107-24-39-43-192-354-390-372-272
Capex -139-119-30-46-53-195-371-393-311-209
Net Investments 00006-111-0-67-71
Others 81268446477
Cash Flow From Financing Activity + -148-151-132-93-41143230-3617
Net Proceeds from Shares 0000200297000
Net Proceeds from Borrowing 4127-63-63-9-2415928410929
Interest Paid -64-62-66-67-51-48-54-72-95-114
Dividend Paid -9-10-5-4-4-4-9-10-10-10
Others 1852-173-503618-43-40112
Net Cash Flow 2-4-113-412602414
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)19.665.72.562.530.7822.6416.844.433.197.93
ROCE (%)18.515.836.947.44.4318.8214.16.656.6310.09
Asset Turnover Ratio2.021.11.21.20.951.511.361.0711.03
PAT to CFO Conversion(x)2.773.2813.3814.0833.251.741.653.913.53.24
Working Capital Days
Receivable Days30.6063.4065.1065.4076.8049.1049.1055.6061.7065.20
Inventory Days43.7079.8070.2074.80100.6067.7070.1082.1079.6065.60
Payable Days23.5052.6056.8054.8060.8036.6026.6017.7018.7024.30

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Announcements

Sangam (India) Ltd FAQs

The current trading price of Sangam (India) on 15-Sep-2026 16:59 is ₹565.6.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 14-Sep-2026 the market cap of Sangam (India) stood at ₹2,904.8 Cr

The latest P/E ratio of Sangam (India) as of 14-Sep-2026 is 24.05.

The latest P/B ratio of Sangam (India) as of 14-Sep-2026 is 2.60.

The 52-week high of Sangam (India) is ₹676.0 and the 52-week low is ₹391.5.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sangam (India) is ₹3,249 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Sangam (India) Ltd is a average quality company.

The key valuation ratios of Sangam (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

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.

About Sangam (India) Ltd

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.

Milestones

  • 1984: Sangam commenced operation with eight weaving machines.
  • 1995: The group commenced backward integration with 17,280 spindles of PV Dyed Yarn.
  • 1998: Further addition of 11,520 spindles was made to the spinning capacity.
  • 2003: The capacity was augmented by addition of 35,232 spindles & which led to adding a 10.0 MW coal based thermal power plant.
  • 2009: The company completed installation of 1.13 Lakh Spindles, 130 Weaving Machines, 12 Knitting Machines and Captive Thermal Power Plants of 6 & 15 MW.
  • 2014: The group saw an increase in Denim capacity to 32 million meters p.a. Installation of state of the art Seamless Garment Machines with capacity of 3.6 lakhs pieces p.a.
  • 2015: The company launched it's seamless wear brand- C9, One piece garments free of side seams, made of light, smooth and soft to touch fabrics.
  • 2021: Incorporated wholly owned Subsidiary Company namely ‘Sangarn Ventures’ (SVL) on December 03, 2021.
  • 2022: Granted approval under Production Linked Incentive (PLI) Scheme from Ministry of Textile, Government of India for manufacturing of textiles products in India.
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