Sangam (India) Limited (SANGAMIND)

Loading page…

Sangam (India) Limited (SANGAMIND) · mywealthgrid

About

Sangam (India) Limited manufactures Other Textile Products in the Consumer Discretionary sector, with a market capitalization of ₹3,017 Cr. The company trades at a PE of 24.83x on the back of recent margin expansion and a 60.2% one-year return.

Face value: ₹10

Market cap

₹3,185 Cr

P/E

26.2×

P/B

3.0×

Dividend yield

0.6%

ROE

7.9%

ROCE

12.7%

Debt / equity

1.19

OPM

9.9%

EPS (TTM)

₹24.2

Book value

₹214.2

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Low ROE of 7.93% indicates weak capital efficiency despite recent profitability gains.

Overall OPM of 9.92% masks thin operating margins typical of textiles; while latest quarter shows 12.25%, sustainability depends on raw material costs and pricing power — verify both.

D/E ratio of 1.19 combined with thin 9.92% OPM leaves limited flexibility; debt servicing becomes vulnerable to revenue or cost shocks.

Minimal DII holding of 0.09% vs FII 2.5% suggests weak domestic institutional confidence; verify reasons and peer comparison.

Generated analysis · source review pending

Growth drivers

Operating margin expanded from 9.79% in Sep 2025 to 12.25% in Jun 2026; if sustained, could support higher returns without volume growth.

EPS grew from ₹4.60 to ₹8.16 over nine months (Sep 2025 to Jun 2026); verify if pace reflects demand, mix, or one-time input relief.

Net profit of ₹41.02 Cr in Jun 2026 is the strongest on record; volume, pricing, or product mix could sustain this — verify which is primary driver.

Regular annual dividend payments signal confident cash generation; accelerating reinvestment in capacity or efficiency could compound returns.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹634.6-1.7%1Y

Quick read

rule-based

Pros

+Profit CAGR of 81.4% over the last 5 years
+Revenue CAGR of 18.9% over the last 5 years
+High promoter holding of 70.5% with no pledge

Cons

−Low return on equity of 5.2% (3-yr avg)

Research score

Structured signal from quality, growth, valuation and momentum.

42/100

Business quality: 20
Growth: 43
Valuation: 64

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry

Loading peers…

Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,874	1,790	1,359	2,438	2,715	2,628	2,857	3,235
COGS	1,094	1,011	745	1,344	1,486	1,556	1,721	1,941
Gross profit	779	779	614	1,094	1,229	1,072	1,136	1,293
	620	618	492	786	928	857	891	973
	159	162	122	307	302	215	245	321
OPM %	8.5%	9%	9%	12.6%	11.1%	8.2%	8.6%	9.9%
Depreciation	81	81	81	70	78	97	114	95
Interest	67	69	49	48	54	71	95	114
	9	8	10	-5	43	6	9	1
Profit before tax	21	20	2	184	161	53	44	113
Tax	8	7	-2	43	27	13	12	30
Tax %	37.3%	34.1%	-112.6%	23.6%	16.7%	23.5%	28.1%	26.8%
	13	13	4	141	135	41	32	83
PAT margin %	0.7%	0.7%	0.3%	5.8%	5%	1.6%	1.1%	2.6%
EPS (₹)	3.4	3.4	1	32.2	36.1	9.6	6.3	16.4
EPS adjusted (₹)	3.4	3.4	1	32.4	29.9	8.1	6.3	16.4
	29.8%	29.7%	96.2%	6.2%	5.5%	20.9%	31.6%	12.2%
Annual report	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	39	39	39	39	43	43	45	50	50	50
Reserves	453	472	481	488	509	647	815	934	957	1,026
Minority interest	—	—	—	—	—	26	23	—	—	—
	647	717	640	601	590	607	824	1,065	1,135	1,276
	289	351	373	312	267	501	454	680	814	963
Total equity & liabilities	1,428	1,580	1,534	1,441	1,409	1,824	2,161	2,729	2,955	3,315
	655	700	648	616	590	598	723	1,006	1,278	1,509
CWIP	11	9	10	6	9	74	223	219	172	82
Investments	6	6	6	6	0	8	8	11	80	154
	757	866	870	812	809	1,144	1,207	1,493	1,426	1,570
Total assets	1,428	1,580	1,534	1,441	1,409	1,824	2,161	2,729	2,955	3,315

Loading financials…

Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	41.6%	43.5%	45.2%	44.9%	45.3%	40.8%	39.8%	40%
EBITDA margin %	8.5%	9%	9%	12.6%	11.1%	8.2%	8.6%	9.9%
EBIT margin %	4.2%	4.5%	3.1%	9.7%	8.2%	4.5%	4.6%	7%
PAT margin %	0.7%	0.7%	0.3%	5.8%	5%	1.6%	1.1%	2.6%
Working capital
Receivable days	68	59	75	56	47	62	66	72
Inventory days	120	135	184	143	126	157	122	110
Payable days	—	3	3	3	3	100	128	131
NWC days	—	191	256	197	171	119	60	51
Leverage
Current ratio	1.24	1.27	1.32	1.2	1.2	1.27	1.2	1.11
Debt to EBITDA	4.02	3.72	4.83	1.97	2.73	4.94	4.64	3.98
Debt to equity	1.23	1.14	1.07	0.88	0.96	1.08	1.13	1.19
Interest coverage	1.3	1.3	1	5.1	4.5	1.8	1.5	2
Asset turnover	1.22	1.24	0.96	1.34	1.26	0.96	0.97	0.98
Return ratios
Return on assets %	0.9%	0.9%	0.3%	7.7%	6.2%	1.5%	1.1%	2.5%
Return on capital employed %	10.3%	10.7%	6.3%	28%	21.8%	9%	8.4%	12.7%
Return on equity %	2.5%	2.5%	0.8%	20.4%	15.6%	4.1%	3.2%	7.7%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

Loading ratios…

Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	70.17%	70.16%	70.16%	70.16%	70.16%	70.16%	70.16%	70.16%	70.16%	70.35%	70.52%	70.52%
	0.26%	0.17%	2.65%	2.65%	2.69%	2.68%	2.68%	2.64%	2.65%	2.46%	2.4%	2.5%
	0.33%	0.33%	0.54%	0.54%	0.57%	0.57%	0.57%	0.57%	0.57%	0.09%	0.09%	0.09%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	28.89%	28.48%	25.81%	25.81%	25.61%	25.63%	25.59%	25.49%	25.32%	25.43%	25.13%	25.04%
No. of shareholders	—	—	—	—	—	—	—	—	10,380	9,722	9,333	9,684

Promoter holding up 0.35 percentage points since Sep 2023.

4 disclosures

Person	Deal	Shares	Value	Holding	Filed
Sangam (India) Limited Employees Welfare TrustOther	BuyMarket Purchase	8,817	₹38.27 L	1.29% → 1.31%	1 Oct 20257(2)
Sangam (India) Limited Employees Welfare TrustOther	BuyMarket Purchase	16,174	₹70.22 L

9 deals · 22 Sept 2021 – 25 Jan 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
25 Jan 2024	THINK INDIA OPPORTUNITIES MASTER FUND LP	Bulk	BSE	Buy	6,00,000	₹450.00	₹27.00 Cr
25 Jan 2024	THINK INDIA OPPORTUNITIES MASTER FUND LP	Bulk	NSE	Buy	6,00,000	₹449.99	₹27.00 Cr
25 Jan 2024	AUTHUM INVESTMENT & INFRASTRUCTURE LIMITED	Bulk	NSE	Sell	3,75,000	₹451.58	₹16.93 Cr
25 Jan 2024	ANAND RATHI GLOBAL FINANCE LIMITED	Bulk	BSE	Sell	3,00,000	₹450.03	₹13.50 Cr
25 Jan 2024	ANAND RATHI GLOBAL FINANCE LTD	Bulk	NSE	Sell	3,00,000	₹450.01	₹13.50 Cr
14 Jun 2023	SATPAL KHATTAR	Bulk	BSE	Sell	9,00,000	₹268.04	₹24.12 Cr
14 Jun 2023	MADHURI MADHUSUDAN KELA	Bulk	BSE	Buy	8,40,699	₹268.00	₹22.53 Cr
22 Sept 2021	NIDHI MERCANTILE LIMITED	Bulk	NSE	Sell	5,35,000	₹157.34	₹8.42 Cr
22 Sept 2021	NECCO SHIPPING COMPANY PRIVATE LTD	Bulk	NSE	Buy	5,35,000	₹157.34	₹8.42 Cr

1–9 of 9

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Ram Pal SoniExecutive Director-Chairperson related to Promoter
Mr. Shri Niwas ModaniExecutive Director
Mr. Vinod Kumar SodaniExecutive Director
Mr. Anurag SoniExecutive Director-MD
Mrs. Irina GargNon-Executive - Independent Director
Mr. Dinesh Chander PatwariNon-Executive - Independent Director
Mr. Upendra Prasad SinghNon-Executive - Independent Director
Mr. Arjun AgalCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

Loading shareholding…

F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

Loading f&o…

Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 1 fund houses

Held by these funds

of the company's equity

All mutual funds

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

1 schemes

		Shares
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	40	0	0%	0%	-0

Loading fund holders…

Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Pursuant to regulation 30 of SEBI Listing Regulations, submitting the Credit Rating of the Company21 Oct 2025

Investor Presentation and earnings call

Apr 2026Transcript AI Summary PPT REC
Nov 2025Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

18

Final dividend22 Jun 2026 · ex-date₹2
Final dividend12 Sept 2025 · ex-date₹2
Dividend dividend19 Sept 2024 · ex-date₹2
Dividend dividend15 Sept 2023 · ex-date₹2
Final dividend22 Sept 2022 · ex-date₹2
Dividend dividend16 Sept 2021 · ex-date₹1
Dividend dividend19 Nov 2020 · ex-date₹1
Dividend dividend19 Sept 2019 · ex-date₹1
Dividend dividend19 Sept 2018 · ex-date₹1
Dividend dividend21 Sept 2017 · ex-date₹2
Dividend dividend22 Sept 2016 · ex-date₹2
Dividend dividend22 Sept 2015 · ex-date₹2
Dividend dividend24 Sept 2014 · ex-date₹1.5
Dividend dividend19 Sept 2013 · ex-date₹1.2
Dividend dividend20 Sept 2012 · ex-date₹1
Dividend dividend15 Sept 2011 · ex-date₹1.5
Dividend dividend16 Sept 2010 · ex-date₹1
Dividend dividend20 Sept 2007 · ex-date₹1

1

Board meeting to consider results18 Jul 2026

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

28 announcementsExport CSV

1 Oct 2026, 5:23 pmCompany Update

Intimation Regarding Fire Incident At Spinning Division Located At Village Sareri, NH-79, Bhilwara, Rajasthan Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

General PDF

28 Sept 2026, 1:08 pmCompany Update

Reply To Clarification Sought Regarding Movement In Volume

General PDF

28 Sept 2026, 12:17 pmCompany Update

Clarification sought from Sangam India Ltd

Clarification

28 Sept 2026, 11:54 amInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

16 Sept 2026, 11:55 amCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

15 Sept 2026, 10:40 amAGM/EGM

Shareholder Meeting / Postal Ballot-Notice of Postal Ballot

Postal Ballot PDF

11 Sept 2026, 12:25 pmCompany Update

Announcement under Regulation 30 (LODR)-Allotment

Allotment of Equity Shares PDF

10 Sept 2026, 6:03 pmCompany Update

Dispatch Of Letter To Concerned Shareholders For Updation Of PAN, KYC And Nomination Details

General PDF

Date	Category	Subject	Filing
1 Oct 2026, 5:23 pm	Company Update General	Intimation Regarding Fire Incident At Spinning Division Located At Village Sareri, NH-79, Bhilwara, Rajasthan Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015	PDF
28 Sept 2026, 1:08 pm	Company Update General	Reply To Clarification Sought Regarding Movement In Volume

Loading announcements…

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	41.6%	43.5%	45.2%	44.9%	45.3%	40.8%	39.8%	40%
EBITDA margin %	8.5%	9%	9%	12.6%	11.1%	8.2%	8.6%	9.9%
EBIT margin %	4.2%	4.5%	3.1%	9.7%	8.2%	4.5%	4.6%	7%
PAT margin %	0.7%	0.7%	0.3%	5.8%	5%	1.6%	1.1%	2.6%
Working capital
Receivable days	68	59	75	56	47	62	66	72
Inventory days	120	135	184	143	126	157	122	110
Payable days	—	3	3	3	3	100	128	131
NWC days	—	191	256	197	171	119	60	51
Leverage
Current ratio	1.24	1.27	1.32	1.2	1.2	1.27	1.2	1.11
Debt to EBITDA	4.02	3.72	4.83	1.97	2.73	4.94	4.64	3.98
Debt to equity	1.23	1.14	1.07	0.88	0.96	1.08	1.13	1.19
Interest coverage	1.3	1.3	1	5.1	4.5	1.8	1.5	2
Asset turnover	1.22	1.24	0.96	1.34	1.26	0.96	0.97	0.98
Return ratios
Return on assets %	0.9%	0.9%	0.3%	7.7%	6.2%	1.5%	1.1%	2.5%
Return on capital employed %	10.3%	10.7%	6.3%	28%	21.8%	9%	8.4%	12.7%
Return on equity %	2.5%	2.5%	0.8%	20.4%	15.6%	4.1%	3.2%	7.7%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
K.p.r. Mill LimitedKPRMILLKPRMILL	₹36,607 Cr	₹37,203 Cr	₹6,820 Cr	₹1,332 Cr	19.1%	₹912 Cr	13%	21.4%	16.2%	181
Welspun Living LimitedWELSPUNLIVWELSPUNLIV	₹22,941 Cr	₹24,744 Cr	₹9,934 Cr	₹884 Cr	8.4%	₹278 Cr	2.3%	6.6%	4.2%	108
Vardhman Textiles LimitedVTLVTL	₹15,322 Cr	₹17,177 Cr	₹10,186 Cr	₹1,387 Cr	12.6%	₹848 Cr	7.6%	8.6%	7.3%	259
Trident LimitedTRIDENTTRIDENT	₹11,293 Cr	₹13,061 Cr	₹6,781 Cr	₹877 Cr	13%	₹395 Cr	5.6%	10.6%	8%	103
Indo Count Industries LimitedICILICIL	₹8,789 Cr	₹9,862 Cr	₹4,390 Cr	₹424 Cr	9.5%	₹151 Cr	3.1%	10%	5.5%	215
Garware Technical Fibres LimitedGARFIBRESGARFIBRES	₹7,630 Cr	₹7,671 Cr	₹1,644 Cr	₹306 Cr	18.6%	₹190 Cr	13%	21.6%	15.3%	172
Kusumgar LimitedKUSUMGARKUSUMGAR	₹6,222 Cr	₹6,445 Cr	₹692 Cr	₹188 Cr	27.2%	₹98 Cr	14.2%	43.8%	35.2%	—
Filatex India LimitedFILATEXFILATEX	₹4,712 Cr	₹4,840 Cr	₹4,256 Cr	₹346 Cr	8.3%	₹191 Cr	4.4%	17.4%	12.9%	-4
Jindal Worldwide LimitedJINDWORLDJINDWORLD	₹4,594 Cr	₹5,152 Cr	₹2,300 Cr	₹124 Cr	5.9%	₹80 Cr	3.1%	13.5%	7.9%	112
Sanathan Textiles LimitedSANATHANSANATHAN	₹4,257 Cr	₹5,744 Cr	₹4,401 Cr	₹323 Cr	7.5%	₹61 Cr	2%	6.9%	4.2%	-25
Raymond Lifestyle LimitedRAYMONDLSLRAYMONDLSL	₹3,823 Cr	₹5,023 Cr	₹6,973 Cr	₹671 Cr	9.6%	₹43 Cr	0.7%	4%	0.5%	102
Alok Industries LimitedALOKINDSALOKINDS	₹3,505 Cr	₹29,610 Cr	₹3,775 Cr	₹66 Cr	0.8%	₹-711 Cr	-20%	-4%	—	93

₹ Cr	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	91	193	160	431	269
	-131	-107	-24	-39	-43	-192	-332	-390	-372	-272
	-14	8	-151	-132	-93	113	146	230	-36	17
Net cash flow	2	-4	-1	13	-4	12	7	0	23	14
Free cash flow	7	—	—	135	72	-113	193	-248	116	43
CFO / Operating profit %	—	—	109.3%	113.5%	108.5%	29.6%	64.2%	74.3%	176.1%	83.8%

Sangam (India) Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

18

1

Announcements

18

1

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Sangam (India) Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Insider dealing

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Dividends18

Board meetings1

Announcements

Dividends18

Board meetings1

Ratio timeline

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Quarterly record

Insider dealing

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

18

1

18

1