SANGAMIND

Sangam (India) Limited

Fibre-to-garment textile manufacturer of yarn, fabrics and apparel

Consumer Discretionary›Textiles›Textiles & Apparels›Other Textile Products

sangamgroup.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹609.60
Market cap
3,064 Cr
Stock P/E
25.2
P/B
2.85
Dividend yield
0.3%
ROE (FY26)
7.7%
ROCE (FY26)
9.6%
Operating margin (FY26)
7.0%
Debt / equity (FY26)
1.19
OCF / EBITDA (FY26)
83.8%
OCF / EBITDA (3Y)
110.1%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Sangam (Sangam (India)) makes cotton and polyester-viscose (PV) yarn, denim and PV fabric, seamless garments and recycled polyester fibre in India, selling to domestic and export customers.

Company snapshot

14thBy market cap

Ranked among 100 companies in Other Textile Products.

What we see

Positives
  • ✓110% of operating profit came in as cash over the last three years — profits are backed by real cash.
Concerns
  • ✗Net margin is very thin at 2.6% — little room for error if costs rise.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales629 Cr621 Cr701 Cr693 Cr676 Cr754 Cr734 Cr790 Cr786 Cr775 Cr884 Cr860 Cr
Operating expenses (approx.)582 Cr573 Cr634 Cr626 Cr620 Cr690 Cr677 Cr732 Cr709 Cr690 Cr782 Cr755 Cr
EBITDA47 Cr48 Cr67 Cr67 Cr56 Cr64 Cr58 Cr58 Cr77 Cr84 Cr102 Cr105 Cr
OPM %7.4%7.8%9.5%9.7%8.2%8.5%7.9%7.3%9.8%10.9%11.5%12.2%
Other income4 Cr3 Cr4 Cr5 Cr1 Cr-3 Cr12 Cr13 Cr-1 Cr0.33 Cr-4 Cr7 Cr
Interest16 Cr18 Cr23 Cr23 Cr25 Cr21 Cr25 Cr30 Cr29 Cr27 Cr27 Cr30 Cr
Depreciation22 Cr27 Cr26 Cr28 Cr28 Cr29 Cr30 Cr36 Cr10 Cr25 Cr25 Cr26 Cr
Profit before tax11 Cr4 Cr19 Cr20 Cr3 Cr9 Cr13 Cr3 Cr34 Cr31 Cr45 Cr55 Cr
Tax %1.5%13.0%29.0%27.1%-85.0%72.2%25.6%15.8%32.1%21.4%27.1%25.6%
Net profit11 Cr4 Cr14 Cr14 Cr6 Cr2 Cr10 Cr2 Cr23 Cr24 Cr33 Cr41 Cr
EPS (₹)₹2.13₹1.10₹3.08₹2.84₹1.43₹0.49₹1.89₹0.42₹4.60₹4.87₹6.54₹8.16

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,628 Cr1,648 Cr1,874 Cr1,790 Cr1,359 Cr2,438 Cr2,712 Cr2,628 Cr2,857 Cr3,235 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,455 Cr1,524 Cr1,714 Cr1,629 Cr1,237 Cr2,130 Cr2,411 Cr2,413 Cr2,612 Cr2,914 CrSign in free for the trailing twelve months
EBITDA174 Cr125 Cr159 Cr162 Cr122 Cr307 Cr302 Cr215 Cr245 Cr321 CrSign in free for the trailing twelve months
OPM %10.7%7.6%8.5%9.0%9.0%12.6%11.1%8.2%8.6%9.9%Sign in free for the trailing twelve months
Other income23 Cr25 Cr9 Cr8 Cr10 Cr7 Cr17 Cr13 Cr15 Cr8 CrSign in free for the trailing twelve months
Interest64 Cr63 Cr67 Cr69 Cr49 Cr48 Cr54 Cr71 Cr95 Cr114 CrSign in free for the trailing twelve months
Depreciation73 Cr77 Cr81 Cr81 Cr81 Cr70 Cr79 Cr97 Cr114 Cr95 CrSign in free for the trailing twelve months
Profit before tax61 Cr10 Cr21 Cr20 Cr2 Cr184 Cr160 Cr53 Cr44 Cr113 CrSign in free for the trailing twelve months
Tax %12.9%-186.2%37.3%34.1%-112.6%23.6%18.2%23.5%28.1%26.8%Sign in free for the trailing twelve months
Net profit53 Cr29 Cr13 Cr13 Cr4 Cr141 Cr131 Cr41 Cr32 Cr83 CrSign in free for the trailing twelve months
EPS (₹)₹13.43₹7.26₹3.36₹3.37₹1.04₹32.23₹29.41₹9.55₹6.33₹16.44Sign in free for the trailing twelve months
Dividend payout %————94.1%3.1%6.8%24.7%31.6%12.2%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital39 Cr39 Cr39 Cr39 Cr43 Cr43 Cr45 Cr50 Cr50 Cr50 Cr
Reserves453 Cr472 Cr481 Cr488 Cr509 Cr673 Cr838 Cr934 Cr957 Cr1,026 Cr
Borrowings647 Cr717 Cr640 Cr359 Cr514 Cr760 Cr824 Cr1,065 Cr1,135 Cr1,276 Cr
Other liabilities289 Cr351 Cr373 Cr554 Cr342 Cr348 Cr454 Cr680 Cr814 Cr963 Cr
Total liabilities1,428 Cr1,580 Cr1,534 Cr1,441 Cr1,409 Cr1,824 Cr2,161 Cr2,729 Cr2,955 Cr3,315 Cr
Fixed assets (net)654 Cr699 Cr648 Cr615 Cr586 Cr598 Cr720 Cr1,004 Cr1,276 Cr1,502 Cr
CWIP11 Cr9 Cr10 Cr6 Cr9 Cr74 Cr223 Cr219 Cr172 Cr82 Cr
Investments6 Cr6 Cr6 Cr6 Cr0.04 Cr0.79 Cr8 Cr11 Cr80 Cr154 Cr
Loans & advances——48 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Inventories361 Cr360 Cr361 Cr373 Cr376 Cr528 Cr513 Cr669 Cr576 Cr587 Cr
Trade receivables255 Cr318 Cr350 Cr292 Cr280 Cr376 Cr353 Cr448 Cr518 Cr637 Cr
Cash & bank5 Cr0.64 Cr0.39 Cr8 Cr0.19 Cr1 Cr0.20 Cr0.17 Cr2 Cr51 Cr
Other assets137 Cr187 Cr112 Cr141 Cr158 Cr245 Cr344 Cr377 Cr332 Cr303 Cr
Total assets1,428 Cr1,580 Cr1,534 Cr1,441 Cr1,409 Cr1,824 Cr2,161 Cr2,729 Cr2,955 Cr3,315 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity147 Cr95 Cr174 Cr183 Cr133 Cr91 Cr216 Cr160 Cr431 Cr269 Cr
Cash from investing-131 Cr-107 Cr-24 Cr-39 Cr-43 Cr-192 Cr-354 Cr-390 Cr-372 Cr-272 Cr
Cash from financing-14 Cr8 Cr-151 Cr-132 Cr-93 Cr113 Cr143 Cr230 Cr-36 Cr17 Cr
Net cash flow2 Cr-4 Cr-1 Cr13 Cr-4 Cr12 Cr6 Cr0.30 Cr23 Cr14 Cr
Free cash flow (OCF − Capex)7 Cr-27 Cr141 Cr135 Cr72 Cr-113 Cr-173 Cr-248 Cr116 Cr43 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %10.9%5.9%7.6%10.0%4.8%15.7%12.5%6.1%6.5%9.6%
ROE %10.8%5.6%2.5%2.5%0.8%19.6%14.8%4.1%3.2%7.7%
Debtor days57706859755647626672
Inventory days145140125139194144118159128121
Days payable41595743603652101133144
Cash conversion cycle1611511361552091641131206049
OCF / EBITDA %84.9%76.4%109.3%113.5%108.5%29.6%71.6%74.3%176.1%83.8%
OCF / EBITDA % (3 years)——91.1%101.6%110.6%68.9%60.1%56.6%105.9%110.1%
Debt / equity1.321.401.230.680.931.060.931.081.131.19
Current ratio1.311.251.241.271.321.191.201.271.201.11
Net debt / EBITDA3.705.744.022.174.212.472.734.944.633.82