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Sangam (India) Ltd. Stock Analysis

Small Cap
Evaluated by 326 users | BSE: 514234 | NSE: SANGAMIND |
Textile
Sangam India (SIL) was incorporated 1984 as Arun Synthetics. Being the flagship company of the Sangam Group, the company is engaged into manufacturing of yarn and fabrics.SIL started its operations in 1985.Sangam Group (Parent Company)The Group is well known name in the textile business. It is...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 10.52%7.4%10.11%9.04%10.21%11.61%8.06%5.28%5.12%5.12%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1,1721,4171,4791,4331,4691,5041,5941,6381,8741,783
Y-o-Y Gr. Rt.-21%4.4%-3.1%2.5%2.4%6%2.8%14.4%-4.8%
Adjusted EPS (Rs.) 14.546.3312.629.8712.8219.2311.915.624.653.48
Y-o-Y Gr. Rt.--56.5%99.4%-21.8%29.9%50%-38.1%-52.8%-17.3%-25.2%
Book Value per Share (Rs.) 60.7863.9575.5684.0894.29111.43125.28130.77133.64135.27
Adjusted Net Profit 57.32549.838.950.675.84722.218.313.7
Net Op. Cash Flow (Rs. Cr.) 77.121415516313613914795.4174183
Debt to Cash Flow from Ops 9.333.374.273.644.554.654.828.254.073.54
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Sangam (India) Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 4.8%4%3.8%-4.8%
Adjusted EPS -14.7%-23%-33.6%-25.2%
Book Value per Share 9.37.52.61.2
Share Price 7.9% -27.5% -35.6% 14%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 26.710.1618.112.3714.3818.710.074.393.512.59
Operating Profit Margin (%) 16.811.2314.0713.1714.2115.0211.037.778.989.1
Net Profit Margin (%) 4.891.763.362.723.445.042.951.350.980.77
Debt to Equity 32.872.231.791.661.481.431.531.341.21
Working Capital Days 142132123132138153161179170172
Cash Conversion Cycle 9478738495108111115104112
Entity Percentage Holding
Promoters 55.00%
Institutions 2.57%
Non-Institutions 42.43%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Sangam (India) Ltd.'s performance infers:

Sangam (India) Ltd. earnings have declined by -23%, whereas share price has depreciated -27.5% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Sangam (India) Ltd. share prices over the last 10 years. Here is what we found out:

Sangam (India) Ltd. share price has depreciated 0.5% annually over the past ten years.

Sangam India (SIL) was incorporated 1984 as Arun Synthetics. Being the flagship company of the Sangam Group, the company is engaged into manufacturing of yarn and fabrics.SIL started its operations in 1985.

Sangam Group (Parent Company)

The Group is well known name in the textile business. It is one of leading manufacturer, exporter and supplier of world-class suitings, flock fabrics and yarn from India.

This Bhilwara-based company exports its premium product

Sangam India (SIL) was incorporated 1984 as Arun Synthetics. Being the flagship company of the Sangam Group, the company is engaged into manufacturing of yarn and fabrics.SIL started its operations in 1985.

Sangam Group (Parent Company)

The Group is well known name in the textile business. It is one of leading manufacturer, exporter and supplier of world-class suitings, flock fabrics and yarn from India.

This Bhilwara-based company exports its premium product range to Turkey, Belgium, Spain, MiddleEast, and various other countries.

Milestones

1984- Sangam India (SIL) was incorporated.

1985- SIL started its operations.

1993- Sangam India established northern India's first 'Rapier Weaving machines'

1995- The company increased its production capacity by installing a weaving machine. The same year witnessed the merger of two closely held profit making companies.

Further, in the same year the company adopted backward integration strategy and forayed in the spinning segment. It installed 17280 spindles that manufactured PV dyed yarn.

1996- SIL started commercial production of its spinning project

1997- The company expanded its spinning and weaving capacity.

1998- The company’s spinning division received ISO 9002 certification by Bureau of Indian Standard.

Further, the company expanded its spinning capacity to 64032 spindles. Presently, SIL owns 127 imported weaving machines in its weaving division namely Shuttleless, Rapier and Airjet Weaving Machines.

Sangam India is the largest producer of dyed yarn in India at a single location. It also has captive power plant with 15.7 MW of capacity. Currently SIL produces 12 million meter of fabrics annually.

Outlook

The company is planning to increase its power capacity by installing a thermal power plant of 21 MW.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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