Sanghi Industries Limited (SANGHIIND) AI Stock Analysis

• Market Cap: ₹12.97B
• Dividend Yield: N/A
• Average Volume (3M): 8.33K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.36
• Revenue Growth: 32.54%
• EPS Growth: 19.65%
• Country: IN
• Employees: 686
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Construction Materials
• EPS (TTM): -4.47
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 44 Neutral
• Price Target: ₹49.00 ▼(-26.59% Downside)
• Action: Reiterated Date: 10/29/25
• Date: Action: Reiterated 10/29/25

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

Sustained top-line expansion (reported ~24% revenue growth in fundamentals) indicates rising volume or realizations in cement markets. Persistent revenue growth supports scale economics and gives management time to fix profitability and deleverage absent cyclical demand erosion.

Integrated Manufacturing & Market Reach

An integrated plant plus exposure to residential, commercial and infrastructure demand provides structural advantages: lower per-ton production costs, control over quality/throughput and closer proximity to bulk buyers, which limits freight risk and supports durable margins vs non-integrated peers.

Gross Margin Recovery

A swing to ~31.8% gross margin implies operational improvements or pricing power that can persist if input costs and logistics are managed. Sustained higher gross margins are a prerequisite for eventual net profitability once overheads and financing costs are addressed.

Negative Factors

High Leverage

A debt-to-equity ratio above 4x signifies material financial risk: constrained flexibility for capex or expansions, elevated interest burden, and higher refinancing risk. In a capital-intensive cement business this lever amplifies downside through cycles and limits strategic optionality.

Negative Operating & Free Cash Flow

Persistent negative OCF and FCF undermine the company’s ability to service debt, fund maintenance capex and sustain operations without external financing. This structural cash shortfall increases refinancing and liquidity risks in a sector with lumpy working capital and capex needs.

Ongoing Losses & Negative Returns

Continued net losses and negative ROE indicate the firm is not currently generating shareholder returns. Without consistent net profitability, cumulative losses erode equity, hinder deleveraging and make it harder to attract capital for long-term investments in a cyclical construction-materials industry.

Sanghi Industries Limited Business Overview & Revenue Model

Company Description

Sanghi Industries Limited manufactures and markets cement and cement products in India and internationally. It provides ordinary Portland, Portland Pozzolana, and Portland slag cement; and ready mix concrete and clinker. The company was incorporated in 1985 and is based in Ahmedabad, India.

How the Company Makes Money

Sanghi Industries makes money mainly by producing and selling cement. Revenue is generated from dispatches/sales of cement to customers (such as dealers/distributors, retailers, and institutional/bulk buyers involved in construction and infrastructure). The company’s earnings are driven by (1) sales volumes (tonnes of cement sold), (2) net realizations per tonne (pricing/mix across markets and customer segments), and (3) the spread between selling prices and operating costs (notably energy/fuel, power, freight/logistics, raw materials, and plant operating efficiency). Cement sales are typically fulfilled through a combination of trade channels (dealer/distributor networks) and direct/bulk sales to projects; logistics and proximity to demand centers materially affect profitability because freight is a major cost component in cement. Any additional revenue streams, significant partnerships, or segment-level breakdowns are null.

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	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	11.25B	9.69B	8.28B	9.24B	11.23B	9.36B
Gross Profit	8.93B	3.08B	242.20M	1.43B	9.94B	8.10B
EBITDA	1.25B	669.80M	-584.90M	58.50M	2.03B	2.41B
Net Income	-4.06B	-4.98B	-4.49B	-3.26B	406.20M	781.90M
Balance Sheet
Total Assets	37.62B	37.33B	36.28B	37.10B	38.16B	36.04B
Cash, Cash Equivalents and Short-Term Investments	632.90M	383.80M	1.90B	9.20M	1.40M	31.50M
Total Debt	24.94B	25.06B	20.84B	15.48B	13.97B	14.15B
Total Liabilities	33.42B	31.21B	25.18B	21.51B	19.82B	18.10B
Stockholders Equity	4.21B	6.12B	11.11B	15.59B	18.34B	17.94B
Cash Flow
Free Cash Flow	-7.70M	-3.97B	-3.00B	-420.20M	1.09B	-665.70M
Operating Cash Flow	1.16B	-2.49B	-2.43B	-251.50M	4.02B	3.02B
Investing Cash Flow	-1.15B	-1.28B	2.34B	291.70M	-2.98B	-3.42B
Financing Cash Flow	-199.70M	2.25B	1.82B	-32.40M	-1.05B	388.10M

Sanghi Industries Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 66.75
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

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 66.75 is above the 20-day moving average (MA) of 56.54, above the 50-day MA of 60.52, and above the 200-day MA of 63.37, indicating a bearish trend. The MACD of -2.83 indicates Positive momentum. The RSI at 24.52 is Positive, neither overbought nor oversold. The STOCH value of 13.88 is Positive, 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
AMNPLST	65 Neutral	₹9.29B	33.58	―	0.26%	-4.07%	-12.36%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MANGLMCEM	59 Neutral	₹22.13B	46.52	―	0.19%	10.61%	43.88%
SAURASHCEM	55 Neutral	₹6.66B	-22.13	―	2.39%	2.37%	55.27%
SHREDIGCEM	45 Neutral	₹8.94B	-48.17	―	1.66%	3.09%	-50.15%
SANGHIIND	44 Neutral	₹12.97B	-3.63	―	―	32.54%	19.65%

Sanghi Industries Limited Corporate Events

Sanghi Industries to Engage Global Investors at Tokyo and Hong Kong Forums

Sanghi Industries has scheduled a series of interactions with institutional investors and analysts over March 16–19, 2026, including participation in Nomura India Corporate Day in Tokyo and the Jefferies Asia Forum 2026 in Hong Kong. The meetings, which will be conducted in physical format, aim to engage the global investment community using only publicly available information, signaling an effort to enhance transparency, investor outreach, and visibility in international capital markets without disclosing any unpublished price-sensitive information.

Sanghi Industries Publishes Unaudited Q3 FY2025 Financial Results

Sanghi Industries Limited has approved its unaudited financial results for the quarter ended 31 December 2025 at a board meeting held on 29 January 2026, in compliance with SEBI’s listing and disclosure norms. The company has published extracts of these quarterly unaudited results in the Financial Express (all-India English editions and Ahmedabad Gujarati edition) and made the full financial results available on its website, reinforcing regulatory transparency and ensuring wider access to financial information for shareholders and market participants.

Sanghi Industries Lines Up Investor Meets in Mumbai and USA

Sanghi Industries Limited has scheduled a series of interactions with analysts and institutional investors, including a non-deal roadshow in Mumbai on February 5, 2026, and participation in the Adani Annual Conference in the USA on February 9 and 10, 2026. The company stated that these meetings will be conducted in person and will be limited to discussions based on publicly available information, with no unpublished price-sensitive information to be shared, underscoring its compliance focus and ongoing engagement with the investment community.

Sanghi Industries Sets January 30 Investor Call After Q3 FY26 Results Review

Sanghi Industries Limited has notified the stock exchanges that it will hold an analyst and institutional investor conference call on January 30, 2026, following its board meeting on January 29, 2026 to consider and approve unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The scheduled post-results call, to be hosted by Antique Stock Broking Limited and featuring senior management from Ambuja Cements, underscores the group’s effort to engage proactively with the investment community, enhance transparency around its quarterly performance, and potentially influence investor sentiment and valuation in the competitive cement sector.