Skip to main content
Swing Capital

Sangam (India) Ltd

NSE: SANGAMIND BSE: 514234Textile

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. [1]

₹485
52W: ₹341 — ₹577
PE 26.9 · Book ₹239 · +103% vs book
Market Cap₹2,439 Cr
Stock P/E26.9Price to Earnings
ROCE10.7%Return on Capital
ROE8.71%Return on Equity
Div. Yield0.38%Face Value ₹10

Strengths

  • +Company has been maintaining a healthy dividend payout of 24.9%
  • +Company's working capital requirements have reduced from 18.4 days to 10.5 days

Weaknesses

  • −Company has a low return on equity of 5.43% over last 3 years.

Shareholding Pattern

Promoters70.52%
FIIs2.4%
DIIs0.09%
Public25.14%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters70.17%70.17%70.17%70.17%70.17%70.17%70.35%▲0.270.52%▲0.2
FIIs2.65%2.69%▲0.02.68%▼0.02.68%2.64%▼0.02.65%▲0.02.46%▼0.22.4%▼0.1
DIIs0.54%0.57%▲0.00.57%0.57%0.57%0.57%0.09%▼0.50.09%
Public25.82%25.61%▼0.225.62%▲0.025.6%▼0.025.5%▼0.125.32%▼0.225.43%▲0.125.14%▼0.3

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales636706697675746725786776762866
Expenses591645635624687672729701681767
Operating Profit45616251595356758199
OPM %7%9%9%8%8%7%7%10%11%11%
Net Profit413135194242434
EPS ₹0.972.792.831.070.122.080.955.285.357.45

AI Insights

Revenue Trend

Mar 2026 revenue at ₹3,190Cr, up 12.2% YoY. OPM at 10%.

Debt Position

Borrowings at ₹1,222Cr. Debt-to-equity ratio: 1.19x. High leverage — monitor closely.

Capex Cycle

CWIP at ₹82Cr (6% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0.09% (+0.08pp change). FIIs: 2.4% (+2.06pp change). Promoters hold 70.52%.

Margin & Efficiency

ROCE declining from 15% (Mar 2015) to 11% (Mar 2026). Working capital days: 10.

Valuation

PE 26.9x with 10.7% ROCE. Price is 103% above book value of ₹239. Dividend yield: 0.38%.

Recent Announcements