Market Cap ₹2010 Cr.
Stock P/E 49.2
P/B 2
Current Price ₹400
Book Value ₹ 195.9
Face Value 10
52W High ₹627.2
Dividend Yield 0.5%
52W Low ₹ 226
Sangam (India) Ltd is an primarily India based textile business enterprise. The Company manufactures polyester viscose (PV) yarn. The Company's segments encompass Domestic and Export. The Company is concerned in preparation and spinning of cotton fibers, inclusive of combined cotton; preparation and spinning of man made fiber, consisting of blended man made fiber; weaving manufacturing of cotton and cotton mixture fabrics; weaving, manufacturing of textiles of man made fiber and man made combination fabrics, and finishing of man made and combined man made textiles. Its merchandise consist of PV-dyed and gray yarn, cotton spun, and open ended yarn, denim cloth and texturized yarn. The Company's manufacturers consist of Sangam Suitings and Sangam Denim. It gives various woven PV fabrics, used for suitings and bottom wear. It has a spinning ability of about 225,168 spindles and over 3,128 rotors, and weaving ability of about 483 looms. The Company's production centers are in Bhilwara, Rajasthan.
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| #(Fig in Cr.) | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 650 | 738 | 713 | 709 | 605 | 685 | 677 | 629 | 621 | 701 |
| Other Income | 3 | -1 | 5 | 3 | 4 | 5 | 2 | 4 | 3 | 4 |
| Total Income | 652 | 737 | 718 | 712 | 609 | 690 | 679 | 633 | 624 | 705 |
| Total Expenditure | 573 | 630 | 620 | 631 | 546 | 614 | 623 | 582 | 573 | 634 |
| Operating Profit | 80 | 107 | 98 | 82 | 63 | 76 | 56 | 50 | 51 | 70 |
| Interest | 13 | 11 | 14 | 16 | 13 | 10 | 14 | 16 | 18 | 23 |
| Depreciation | 18 | 15 | 19 | 22 | 25 | 14 | 22 | 22 | 27 | 26 |
| Exceptional Income / Expenses | 0 | -12 | 0 | -3 | -5 | -18 | -2 | -2 | -2 | -2 |
| Profit Before Tax | 49 | 68 | 65 | 40 | 19 | 35 | 19 | 11 | 4 | 19 |
| Provision for Tax | 5 | 14 | 13 | 10 | 2 | 5 | 6 | 0 | 1 | 6 |
| Profit After Tax | 44 | 54 | 53 | 30 | 18 | 30 | 13 | 11 | 4 | 14 |
| Adjustments | 0 | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 44 | 53 | 53 | 30 | 18 | 30 | 13 | 11 | 4 | 14 |
| Adjusted Earnings Per Share | 10.1 | 12.3 | 12.1 | 6.7 | 3.9 | 6.7 | 2.5 | 2.1 | 0.8 | 2.7 |
| #(Fig in Cr.) | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
|---|---|---|---|---|---|---|---|---|
| Net Sales | 1591 | 1637 | 1874 | 1790 | 1359 | 2438 | 2712 | 2628 |
| Other Income | 24 | 25 | 9 | 8 | 10 | 7 | 17 | 13 |
| Total Income | 1616 | 1662 | 1883 | 1799 | 1369 | 2445 | 2729 | 2641 |
| Total Expenditure | 1418 | 1513 | 1714 | 1629 | 1237 | 2130 | 2411 | 2412 |
| Operating Profit | 198 | 150 | 168 | 170 | 132 | 315 | 319 | 227 |
| Interest | 65 | 63 | 67 | 69 | 49 | 48 | 54 | 71 |
| Depreciation | 73 | 77 | 81 | 81 | 81 | 70 | 79 | 97 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | -12 | -26 | -8 |
| Profit Before Tax | 61 | 10 | 21 | 20 | 2 | 184 | 160 | 53 |
| Provision for Tax | 8 | -19 | 8 | 7 | -2 | 43 | 29 | 13 |
| Profit After Tax | 53 | 29 | 13 | 13 | 4 | 141 | 131 | 42 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 53 | 29 | 13 | 13 | 4 | 141 | 131 | 42 |
| Adjusted Earnings Per Share | 13.4 | 7.3 | 3.4 | 3.4 | 1 | 32.4 | 29 | 8.1 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 11% | 15% | 11% | 0% |
| Operating Profit CAGR | 1% | 23% | 16% | 0% |
| PAT CAGR | -7% | 116% | 35% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 61% | 60% | 48% | 27% |
| ROE Average | 17% | 13% | 9% | 10% |
| ROCE Average | 14% | 12% | 10% | 11% |
| #(Fig in Cr.) | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 492 | 512 | 521 | 527 | 552 | 716 | 883 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 327 | 344 | 285 | 242 | 204 | 181 | 340 |
| Other Non-Current Liabilities | 44 | 43 | 46 | 49 | 49 | 40 | 46 |
| Total Current Liabilities | 565 | 681 | 683 | 622 | 603 | 887 | 892 |
| Total Liabilities | 1428 | 1580 | 1534 | 1441 | 1409 | 1824 | 2161 |
| Fixed Assets | 655 | 700 | 648 | 616 | 590 | 602 | 725 |
| Other Non-Current Assets | 35 | 30 | 36 | 31 | 25 | 155 | 369 |
| Total Current Assets | 739 | 851 | 850 | 793 | 794 | 1059 | 1067 |
| Total Assets | 1428 | 1580 | 1534 | 1441 | 1409 | 1824 | 2161 |
| #(Fig in Cr.) | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 4 | 6 | 2 | 1 | 14 | 10 | 22 |
| Cash Flow from Operating Activities | 147 | 95 | 174 | 183 | 133 | 245 | 216 |
| Cash Flow from Investing Activities | -131 | -107 | -24 | -39 | -43 | -192 | -354 |
| Cash Flow from Financing Activities | -14 | 8 | -151 | -132 | -93 | -41 | 143 |
| Net Cash Inflow / Outflow | 2 | -4 | -1 | 13 | -4 | 12 | 6 |
| Closing Cash & Cash Equivalent | 6 | 2 | 1 | 14 | 10 | 22 | 28 |
| # | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 13.43 | 7.26 | 3.36 | 3.37 | 0.97 | 32.39 | 28.98 |
| CEPS(Rs) | 31.84 | 26.82 | 23.78 | 23.93 | 19.53 | 48.59 | 46.6 |
| DPS(Rs) | 2 | 1 | 1 | 1 | 1 | 2 | 2 |
| Book NAV/Share(Rs) | 124.79 | 129.82 | 132.09 | 133.72 | 127.21 | 158.98 | 190.84 |
| Core EBITDA Margin(%) | 10.66 | 7.57 | 8.5 | 9.02 | 8.99 | 12.61 | 11.12 |
| EBIT Margin(%) | 7.71 | 4.42 | 4.68 | 4.97 | 3.78 | 9.51 | 7.87 |
| Pre Tax Margin(%) | 3.73 | 0.61 | 1.13 | 1.13 | 0.15 | 7.55 | 5.89 |
| PAT Margin (%) | 3.25 | 1.74 | 0.71 | 0.74 | 0.31 | 5.77 | 4.81 |
| Cash Profit Margin (%) | 7.71 | 6.41 | 5 | 5.27 | 6.24 | 8.66 | 7.74 |
| ROA(%) | 6.56 | 1.9 | 0.85 | 0.89 | 0.3 | 8.7 | 6.55 |
| ROE(%) | 19.66 | 5.7 | 2.56 | 2.53 | 0.78 | 22.64 | 16.84 |
| ROCE(%) | 18.51 | 5.83 | 6.94 | 7.4 | 4.43 | 18.82 | 14.1 |
| Receivable days | 30.64 | 63.43 | 65.05 | 65.39 | 76.76 | 49.14 | 49.07 |
| Inventory Days | 43.67 | 79.8 | 70.22 | 74.79 | 100.6 | 67.7 | 70.07 |
| Payable days | 21.86 | 49.03 | 56.76 | 54.79 | 60.78 | 36.56 | 26.56 |
| PER(x) | 20.56 | 16.46 | 19.53 | 10.48 | 75.86 | 7.98 | 7.43 |
| Price/Book(x) | 2.21 | 0.92 | 0.5 | 0.26 | 0.58 | 1.63 | 1.13 |
| Dividend Yield(%) | 0.72 | 0.84 | 1.53 | 2.83 | 1.36 | 0.77 | 0.93 |
| EV/Net Sales(x) | 1.13 | 0.77 | 0.52 | 0.43 | 0.66 | 0.7 | 0.65 |
| EV/Core EBITDA(x) | 9.04 | 8.38 | 5.74 | 4.55 | 6.81 | 5.43 | 5.54 |
| Net Sales Growth(%) | 713.16 | 2.88 | 14.43 | -4.45 | -24.08 | 79.38 | 11.26 |
| EBIT Growth(%) | 589.14 | -41.97 | 20.42 | 1.43 | -42.25 | 351.41 | -7.9 |
| PAT Growth(%) | 599.35 | -45.93 | -53.77 | 0.38 | -68.3 | 3240.86 | -7.19 |
| EPS Growth(%) | 264.35 | -45.93 | -53.77 | 0.38 | -71.22 | 3240.85 | -10.55 |
| Debt/Equity(x) | 1.44 | 1.54 | 1.36 | 1.23 | 1.07 | 0.88 | 0.96 |
| Current Ratio(x) | 1.31 | 1.25 | 1.24 | 1.27 | 1.32 | 1.19 | 1.2 |
| Quick Ratio(x) | 0.67 | 0.72 | 0.72 | 0.68 | 0.69 | 0.6 | 0.62 |
| Interest Cover(x) | 1.94 | 1.16 | 1.32 | 1.29 | 1.04 | 4.85 | 3.96 |
| Total Debt/Mcap(x) | 0.65 | 1.67 | 2.74 | 4.65 | 1.85 | 0.54 | 0.85 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 61.45 | 61.44 | 61.44 | 70.28 | 70.28 | 70.28 | 70.17 | 70.17 | 70.16 | 70.16 |
| FII | 0.82 | 0.59 | 0.52 | 0.48 | 0.42 | 0.37 | 0.34 | 0.26 | 0.17 | 2.65 |
| DII | 0.01 | 0.01 | 0.01 | 0 | 0 | 0 | 0.01 | 0.33 | 0.33 | 0.54 |
| Public | 37.71 | 37.95 | 38.02 | 29.24 | 29.3 | 29.35 | 29.48 | 29.24 | 29.34 | 26.64 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 2.67 | 2.67 | 2.67 | 3.17 | 3.17 | 3.17 | 3.53 | 3.53 | 3.53 | 3.53 |
| FII | 0.04 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.13 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.02 | 0.02 | 0.03 |
| Public | 1.64 | 1.65 | 1.65 | 1.32 | 1.32 | 1.32 | 1.48 | 1.47 | 1.47 | 1.34 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4.34 | 4.34 | 4.34 | 4.5 | 4.5 | 4.5 | 5.02 | 5.02 | 5.02 | 5.02 |
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