Loading…
Sangam (India) Limited
NSE: SANGAMIND BSE: 514234 INE495C01010 Consumer Discretionary Consumer 🔎 Screen
₹3,036 Cr
Market Cap
25.5
P/E
0.31
PEG
10.7%
ROCE
8.7%
ROE
1.14
D/E
11.0%
OPM
+8.5%
% from 52W High
87
α RS
⚖️ Compare 🔒 Generate Report 📚 Guides
📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
Shareholding
About

Sangam (India) Limited is engaged in the business of manufacturing and selling of Synthetic Blended, Cotton & Texturised yarn, Fabrics, Denim Fabrics and readymade seamless garment.

✓ Strengths 1
  • Company has been maintaining a healthy dividend payout of 22.8%
! Concerns

No concerns data yet.

Key Ratios Snapshot
📊 Sector Averages
📈 Growth Pattern
📊 Quick Scorecard
Loading…
🔒
Premium Feature
AI-generated 10-section company profile — business model, financials, strengths, risks & management quality
Upgrade to Premium
Already a member? Log in
📐
3-Statement Financial Model
Bear / Base / Bull projections · DCF fair value · Reverse-DCF
Open Model →
Strong beat: Revenue up 17.9% YoY to ₹880 Cr, EBITDA margin expanded 180bps to 11.2%, PAT surged 245% to ₹33 Cr, driven by volume growth and value-added product mix. quarter Investor Presentation One-Pager? Mar 2026
Revenue
₹880 Cr
+17.9% YoY
EBITDA Margin
11.2%
+180bps YoY
PAT
₹33 Cr
+245.3% YoY
Exports (FY26)
₹1,167 Cr
All-time high, 36% of revenue
What Went Right
  • Revenue grew 17.9% YoY to ₹880 Cr in Q4, with full-year revenue up 12.9% to ₹3,243 Cr.
  • EBITDA margin improved 180bps YoY to 11.2% in Q4; full-year margin up 109bps to 10.1%.
  • PAT more than tripled to ₹33 Cr in Q4, reflecting operating leverage and cost control.
  • Exports hit a record ₹1,167 Cr in FY26, up from ₹1,109 Cr in FY25, driven by deeper global penetration.
  • Working capital days improved to 55 in FY26 from 80 in FY25, led by faster inventory turnover and better payable terms.
What to Watch
  • Net Debt/Equity worsened to 2.0x in FY26 from 1.5x in FY25, indicating higher leverage despite strong earnings.
  • Interest cost rose 5.7% YoY to ₹27 Cr in Q4 and 20.4% YoY to ₹114 Cr for FY26, pressuring net margins.
  • Inventory days remained elevated at ~98 in FY26 (vs 105 in FY25), still above pre-FY24 levels of ~95.
  • PV Fabric capacity utilization was only 49% in Q4 FY26, reflecting weak demand or operational issues in that segment.
  • Raw material cost pressures and input price volatility were not explicitly addressed, posing a risk to gross margin sustainability.
Management Guidance
  • 20 MW hybrid (solar+wind) capacity expected by April 2027, with estimated annual savings of ₹26 Cr.
  • 18 MW additional solar capacity commencing Q2 FY27, targeting annual savings of ₹22 Cr.
  • 12 MW hybrid capacity commenced March 2026, with annual savings projection of ₹10 Cr.
  • Focus on expanding value-added product (VAP) share and export penetration to drive margins.
Investor Lens
Sangam delivered a strong quarter with revenue and margin expansion, supported by volume growth and an improved product mix. Exports reached record levels, and working capital efficiency improved substantially. However, the rising debt-to-equity ratio (2.0x) and higher interest costs remain concerns. Inventory turnover is still not fully optimized, and PV Fabric capacity utilization remains low. The company's guidance on renewable energy cost savings (₹58 Cr annually from three projects) is credible and could structurally lower power costs. Key watch items for next quarter: execution of renewable capacity additions, debt reduction trajectory, and demand trends in the PV Fabric segment. Overall, the thesis of vertical integration and value-added shift is intact, but balance sheet health needs monitoring.
From investor presentation · AI-generated analysis · Not investment advice
🔒
Premium Feature
Investor Presentation One-Pager — quarterly highlights, what went right/wrong & management guidance
Upgrade to Premium
Already a member? Log in
📈 STRONG Net profit soars 875% YoY, OPM expands to 12%
Revenue
Revenue grew 7.6% YoY to ₹846 Cr, but declined 2.3% sequentially from ₹866 Cr. The YoY growth indicates steady demand, though the QoQ dip warrants attention.
Profitability
Net profit surged 875% YoY to ₹39 Cr, with EPS rising from ₹0.95 to ₹8.74. QoQ growth of 14.7% reinforces strong earnings momentum.
Margins
Operating profit margin improved sharply from 7% YoY and 11% QoQ to 12%, driven by better cost control or product mix. Operating profit rose 78.6% YoY.
Balance Sheet
Debt-to-equity ratio stands at 1.14, indicating moderate leverage. Interest expense of ₹29 Cr implies interest coverage of about 3.4x, which is adequate.
Key Risks
Debt-to-equity of 1.14 suggests elevated leverage. The sequential revenue decline could signal demand softness. Margin expansion may face sustainability if input costs rise.
Outlook
Focus on margin improvement is positive, but the sequential revenue dip needs monitoring. Sustained demand in consumer discretionary will be key for further growth.
Generated by AI · Jun 2026 results · Not investment advice
🔒
Free Account Required

Create a free Finmagine account to access Finmagine™ Scorecard.

See how this company scores across 5 dimensions — Financial Health, Growth Prospects, Competitive Position, Management Quality, and Valuation — powered by 30+ computed ratios.

Create Free AccountLog In
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Ask AI.

Get 25 expert AI analysis templates — Business KPIs, Comprehensive, Forensic Governance, Peer Comparison, Risk-Reward, Full Research Report, IPO Decoder, Red Flag Detector, and more — ready to paste into ChatGPT, Claude, Gemini, or Perplexity.

Upgrade to PremiumCreate Free Account
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Peer Comparison.

Compare this company side-by-side against its sector peers with financial metrics, ratio benchmarking, and relative performance across all key dimensions.

Upgrade to PremiumCreate Free Account
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Documents.

Access concall transcripts, annual reports, credit ratings, and investor presentations.

Upgrade to PremiumCreate Free Account

📊 Sector KPIs

Industry-specific KPIs with historical trend — AI-extracted from investor presentations
🔒
Premium Feature
Industry-specific KPIs with historical trend across quarters — AI-extracted from investor presentations
Upgrade to Premium
Already a member? Log in
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Full Report.

Read the complete Finmagine™ investment research report — comprehensive fundamental analysis, business model assessment, competitive positioning, and investment recommendation.

Upgrade to PremiumCreate Free Account

📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

🎯
Discover Our Proven Investment Framework Learn how we analyze and rank stocks using advanced quantitative models, multi-dimensional scoring systems, and dynamic discriminatory ranking techniques that have guided successful investment decisions across market cycles.
📊 Explore The Finmagine™ Methodology

A comprehensive, bias-free framework for analyzing and ranking stocks by Financial Strength, Growth Potential, Competitive Edge, Management Quality, and Value.

⚠️ Important Disclaimers — Please read without fail.

Investment Risk:
Investing in securities, including equities and mutual funds, involves inherent risks, including the potential loss of principal. All investments are subject to market fluctuations, regulatory changes, and other risks that may affect their value. Past performance is not indicative of future results. This report is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This report does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a SEBI-registered investment adviser or other qualified financial professional before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities or financial instruments discussed in this report. Any such positions, if material, are disclosed to the best of the author's knowledge and are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company, institution, or third party.

Information Sources:
The analysis and opinions expressed herein are based on publicly available information, including but not limited to company filings with the BSE/NSE, annual reports, management commentary, investor presentations, data from the Reserve Bank of India (RBI), SEBI, industry publications, and other reliable financial data sources. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

Forward-Looking Statements:
This report may contain forward-looking statements, forecasts, or projections that are inherently subject to risks, uncertainties, and assumptions. Actual results may differ materially from those expressed or implied. The author does not undertake any obligation to update such statements in the future.

Regulatory Compliance:
This report is intended to comply with the Securities and Exchange Board of India (Research Analysts) Regulations, 2014, as amended, and other applicable Indian laws and regulations.

Limitation of Liability:
The content of this report is provided "as is" without any warranties, express or implied, including accuracy, completeness, merchantability, or fitness for a particular purpose. The author and publisher expressly disclaim any liability for errors, omissions, or any losses incurred as a result of reliance on the information provided. Readers assume full responsibility for their investment decisions.