Sanghi Industries Limited (SANGHIIND) AI Stock Analysis

• Market Cap: ₹16.09B
• Dividend Yield: N/A
• Average Volume (3M): 8.33K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.41
• Revenue Growth: 32.54%
• EPS Growth: 19.65%
• Country: IN
• Employees: 686
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Construction Materials
• EPS (TTM): -4.51
• Shares Outstanding: 258,326,000
• 10 Day Avg. Volume: 5,425
• 30 Day Avg. Volume: 8,328
• PEG Ratio: -0.28
• Price to Book (P/B): 2.50
• Price to Sales (P/S): 1.58
• P/FCF Ratio: -3.86
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 44 Neutral
• Price Target: ₹63.00 ▲(1.61% Upside)

Sanghi Industries Limited's overall stock score is primarily impacted by its weak financial performance, characterized by ongoing losses and high leverage. Technical analysis provides mixed signals, with no clear trend direction. Valuation concerns are evident with a negative P/E ratio and no dividend yield. These factors collectively result in a low overall stock score, indicating significant risks and challenges.

Positive Factors

Revenue Growth

The 18.1% revenue growth indicates expanding market presence and potential for increased market share, supporting long-term business sustainability.

Cost-effective Production

Cost-effective production and economies of scale enhance profit margins, providing a competitive edge and supporting long-term financial health.

Product Range

A diverse product range allows Sanghi Industries to cater to various market segments, enhancing resilience and growth potential in the cement industry.

Negative Factors

High Leverage

High leverage increases financial risk, potentially limiting flexibility and increasing vulnerability to economic downturns.

Negative Cash Flow

Negative cash flow highlights liquidity issues, which can constrain operations and investment capacity, impacting long-term growth.

Negative Profit Margins

Persistent negative profit margins suggest operational inefficiencies and challenges in achieving profitability, affecting long-term viability.

Sanghi Industries Limited Business Overview & Revenue Model

Company Description

Sanghi Industries Limited (SANGHIIND) is a prominent player in the Indian cement industry, primarily engaged in the manufacturing and marketing of cement and related products. Established in 1985, the company operates a state-of-the-art cement production facility located in Sanghipuram, Gujarat, with a production capacity that supports various construction needs. Sanghi Industries offers a range of cement products, including Ordinary Portland Cement (OPC), Portland Pozzolana Cement (PPC), and other specialty cements, catering to both retail and institutional markets.

How the Company Makes Money

Sanghi Industries generates revenue primarily through the sale of cement and clinker, which are sold to construction companies, builders, and retailers across India. The company’s revenue model is driven by the volume of cement sold, along with pricing strategies that reflect market demand and production costs. Additionally, Sanghi Industries benefits from cost-effective production techniques and economies of scale, which enhance its profit margins. Key revenue streams include direct sales to customers, distribution through a network of dealers, and exports to international markets. The company may also engage in partnerships with construction firms for large projects, which can provide additional revenue and stability in cash flow.

Sanghi Industries Limited Financial Statement Overview

Summary

Sanghi Industries Limited faces significant financial challenges, characterized by ongoing operational losses and high leverage. Despite some revenue growth, profitability metrics remain weak, with negative margins and returns on equity. The company's high debt levels pose financial risks, and negative cash flows highlight liquidity concerns. Strategic actions are required to stabilize and improve financial outcomes.

Income Statement

The income statement reveals a decline in profitability with negative net income for the recent periods, which is concerning. The gross profit margin in 2025 was 31.8%, a significant turnaround from 2024's negative figure. However, the net profit margin remains negative, indicating ongoing difficulties in achieving profitability. Revenue growth from 2024 to 2025 was 18.1%, showing some improvement, yet the persistent negative EBIT and EBITDA margins highlight operational challenges.

Balance Sheet

The balance sheet displays high leverage with a debt-to-equity ratio of 4.09 in 2025, suggesting financial risk due to significant debt levels. The equity ratio has declined to 16.4%, indicating reduced financial stability compared to previous years. Return on equity is negative, reflecting the company's difficulty in generating returns for shareholders amidst ongoing losses.

Cash Flow

Cash flow analysis shows a troubling pattern with negative operating cash flow and free cash flow in recent years. The operating cash flow to net income ratio is negative, indicating cash flow issues in relation to profitability. The free cash flow to net income ratio is also negative, further emphasizing the company's challenges in generating positive cash flows despite revenue growth.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	9.91B	9.69B	8.28B	9.24B	11.23B	9.36B
Gross Profit	5.60B	3.08B	242.20M	1.43B	9.94B	8.10B
EBITDA	-101.10M	669.80M	-584.90M	58.50M	2.03B	2.41B
Net Income	-4.85B	-4.98B	-4.49B	-3.26B	406.20M	781.90M
Balance Sheet
Total Assets	0.00	37.33B	36.28B	37.10B	38.16B	36.04B
Cash, Cash Equivalents and Short-Term Investments	233.80M	383.80M	1.90B	9.20M	1.40M	31.50M
Total Debt	0.00	25.06B	20.84B	15.48B	13.97B	14.15B
Total Liabilities	-6.12B	31.21B	25.18B	21.51B	19.82B	18.10B
Stockholders Equity	6.12B	6.12B	11.11B	15.59B	18.34B	17.94B
Cash Flow
Free Cash Flow	0.00	-3.97B	-3.00B	-420.20M	1.09B	-665.70M
Operating Cash Flow	0.00	-2.49B	-2.43B	-251.50M	4.02B	3.02B
Investing Cash Flow	0.00	-1.28B	2.34B	291.70M	-2.98B	-3.42B
Financing Cash Flow	0.00	2.25B	1.82B	-32.40M	-1.05B	388.10M

Sanghi Industries Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 62.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SANGHIIND, the sentiment is Negative. The current price of 62 is below the 20-day moving average (MA) of 62.51, below the 50-day MA of 63.67, and below the 200-day MA of 62.86, indicating a bearish trend. The MACD of -0.41 indicates Negative momentum. The RSI at 46.08 is Neutral, neither overbought nor oversold. The STOCH value of 51.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SANGHIIND.

Sanghi Industries Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
AMNPLST	60 Neutral	₹11.20B	30.98	―	0.25%	-4.07%	-12.36%
MANGLMCEM	59 Neutral	₹21.38B	27.74	―	0.19%	10.61%	43.88%
UDAICEMENT	54 Neutral	₹20.29B	134.74	―	―	26.55%	-77.02%
SAURASHCEM	53 Neutral	₹9.10B	26.43	―	2.45%	2.37%	55.27%
SHREDIGCEM	50 Neutral	₹13.29B	35.42	―	1.66%	3.09%	-50.15%
SANGHIIND	44 Neutral	₹16.09B	-3.95	―	―	32.54%	19.65%

Sanghi Industries Limited Corporate Events

Sanghi Industries Shareholders Approve Scheme with Ambuja Cements

Sanghi Industries Limited held a court-convened meeting on November 20, 2025, to discuss and approve a Scheme of Arrangement with Ambuja Cements Limited. The meeting, conducted via video conferencing, resulted in the approval of the scheme by a requisite majority of equity shareholders, including public shareholders, in compliance with the National Company Law Tribunal’s order and relevant SEBI regulations. This approval marks a significant step in the company’s strategic alignment with Ambuja Cements, potentially impacting its market positioning and stakeholder interests.

Adani Cement Leads Indian Industry with TNFD Adoption

Adani Cement, part of the diversified Adani Portfolio and comprising Ambuja Cement Limited and its subsidiaries, has become the first Indian cement company to adopt the Taskforce on Nature-related Financial Disclosures (TNFD) recommendations. This initiative marks a significant step in Adani Cement’s commitment to sustainable manufacturing and environmental stewardship, aligning with global best practices and supporting India’s climate and nature goals. By adopting the TNFD framework, Adani Cement aims to enhance its leadership in nature-positive business transformation, focusing on biodiversity, decarbonization, and resilience across its operations.

Sanghi Industries Reports Q2 2025 Financial Results Amidst Challenges

Sanghi Industries Limited has announced its unaudited financial results for the quarter and half-year ending September 30, 2025. The company reported a total income of ₹289.30 crore for the quarter, with a loss before tax of ₹116.55 crore. Despite the challenging financial results, the company continues to focus on its operational strategies. The announcement reflects ongoing financial challenges, impacting stakeholders and potentially affecting the company’s market positioning.

Sanghi Industries Enhances Transparency with Financial Q&A Release

Sanghi Industries Limited has released a set of questions and answers related to its financial results for the quarter and half year ending on September 30, 2025. This initiative aims to provide investors with clarity and transparency regarding the company’s financial performance, potentially impacting investor confidence and market perception.

Sanghi Industries Announces Postal Ballot Results on Related Party Transactions

Sanghi Industries Limited has announced the results of a postal ballot, which included voting on resolutions related to material modifications in related party transactions with Adani Enterprises Limited and Adani Cement Industries Limited. The resolutions were passed as ordinary resolutions, and the voting process was conducted electronically. This development could impact the company’s operational dynamics and its relationships with key stakeholders, particularly in terms of its business dealings with Adani group companies.

Adani Group’s Resilience Affirmed Amidst Challenges

Sanghi Industries Limited has shared a letter from Gautam S. Adani, addressing shareholders about the recent challenges faced by the Adani Group following a critical report by Hindenburg. The Securities and Exchange Board of India (SEBI) has dismissed the allegations, reinforcing the group’s resilience and governance. The company has demonstrated significant growth, with a 57% increase in EBITDA and a 48% rise in asset expansion over two years, highlighting its strong performance and strategic positioning.