Sangam (India) Limited (IN:SANGAMIND)
:SANGAMIND
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Sangam (India) Limited
(SANGAMIND)
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Rating:56Neutral
Price Target:
₹547.00
▲(13.56% Upside)
Action:ReiteratedDate:04/24/26
The score is held back primarily by uneven financial quality—volatile margins, rising leverage, and weak free-cash-flow conversion—despite solid revenue growth. Technicals are supportive with a strong uptrend, but overbought indicators add near-term risk. Valuation is less compelling due to a higher P/E and minimal dividend yield.
Positive Factors
Sustained Revenue Growth
Consistent top-line growth over the 2022–2026 period, with 2026 showing +5.6%, indicates durable demand for the company’s yarn and fabric products across domestic and export markets. This supports long-term scale advantages and revenue diversification versus cyclical peers.
Negative Factors
Rising Leverage
Higher leverage (D/E ~1.19 in 2026) alongside rapid asset growth increases interest and refinancing risk, reducing financial flexibility. Elevated debt limits capacity for opportunistic investments or cushioning against demand shocks over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Consistent top-line growth over the 2022–2026 period, with 2026 showing +5.6%, indicates durable demand for the company’s yarn and fabric products across domestic and export markets. This supports long-term scale advantages and revenue diversification versus cyclical peers.
Read all positive factors
Sangam (India) Limited (SANGAMIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹26.22B
Dividend Yield0.45%
Average Volume (3M)7.08K
Price to Earnings (P/E)26.0
Beta (1Y)1.48
Revenue Growth13.22%
EPS Growth159.73%
CountryIN
Employees9,931
SectorConsumer Defensive
Sector Strength42
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)N/A
Shares Outstanding50,246,560
10 Day Avg. Volume15,463
30 Day Avg. Volume7,079
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)2.00
Price to Sales (P/S)0.66
P/FCF Ratio49.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Sangam (India) Limited Business Overview & Revenue Model
Company Description
Sangam (India) Limited manufactures and sells PV dyed yarns in India and internationally. Its product portfolio includes PV dyed/grey yarns, cotton spun and open ended yarns, indigo rope dyed yarns, texturized yarns, PV fabrics and processed fabri...
How the Company Makes Money
Sangam (India) Limited primarily makes money by manufacturing and selling textile products. Its core revenue streams come from (1) sales of yarn (including synthetic/blended yarns), and (2) sales of fabric and related textile outputs (including de...
Sangam (India) Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
54
Neutral
Cash Flow
41
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 30.64B | 32.35B | 28.57B | 26.28B | 26.78B | 24.02B |
| Gross Profit | 7.44B | 12.93B | 4.56B | 7.73B | 11.79B | 9.10B |
| EBITDA | 2.69B | 3.22B | 2.53B | 2.15B | 2.93B | 3.02B |
| Net Income | 372.30M | 826.00M | 318.00M | 408.20M | 1.31B | 1.41B |
Balance Sheet | ||||||
| Total Assets | 31.42B | 33.15B | 29.55B | 27.29B | 21.61B | 18.24B |
| Cash, Cash Equivalents and Short-Term Investments | 1.23B | 2.59B | 1.31B | 104.40M | 70.60M | 11.30M |
| Total Debt | 12.92B | 12.78B | 11.38B | 10.66B | 8.26B | 6.10B |
| Total Liabilities | 21.21B | 22.39B | 19.48B | 17.45B | 12.77B | 11.08B |
| Stockholders Equity | 10.21B | 10.76B | 10.07B | 9.84B | 8.83B | 7.16B |
Cash Flow | ||||||
| Free Cash Flow | -959.40M | 430.70M | 274.30M | -2.48B | -1.73B | -1.13B |
| Operating Cash Flow | 92.50M | 2.69B | 3.42B | 1.60B | 2.16B | 910.60M |
| Investing Cash Flow | -1.14B | -2.72B | -3.79B | -3.90B | -3.54B | -1.92B |
| Financing Cash Flow | 846.80M | 172.30M | 591.00M | 2.30B | 1.43B | 1.13B |
Sangam (India) Limited Technical Analysis
Positive
481.70
Price Trends
449.66
Positive
448.84
Positive
434.76
Positive
Market Momentum
3.41
Negative
60.31
Neutral
85.30
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SANGAMIND, the sentiment is Positive. The current price of 481.7 is above the 20-day moving average (MA) of 437.10, above the 50-day MA of 449.66, and above the 200-day MA of 434.76, indicating a bullish trend. The MACD of 3.41 indicates Negative momentum. The RSI at 60.31 is Neutral, neither overbought nor oversold. The STOCH value of 85.30 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SANGAMIND.
Sangam (India) Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹14.07B | 9.13 | ― | 0.95% | -8.75% | 1.27% | |
64 Neutral | ₹17.23B | 27.11 | ― | 0.82% | 8.86% | 9.72% | |
64 Neutral | ₹13.58B | 13.53 | ― | 0.95% | -2.05% | 34.32% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
59 Neutral | ₹7.66B | 73.65 | ― | ― | -1.53% | ― | |
56 Neutral | ₹26.22B | 26.00 | ― | 0.45% | 13.22% | 159.73% | |
47 Neutral | ₹1.95B | 8.66 | ― | ― | -3.37% | 43.18% |
* Consumer Defensive Sector Average
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Sangam (India) Limited Corporate Events
Sangam (India) Opens Special Window for Legacy Physical Share Transfers
Mar 17, 2026
Sangam (India) Limited has notified exchanges that it has published newspaper advertisements in Business Standard and Pratahkal regarding a special window for re-lodgment of physical share transfer requests. The facility applies to shareholders wh...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.