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Sangam (India) Limited
(SANGAMIND)
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Rating:53Neutral
Price Target:
₹605.00
▲(0.65% Upside)
Action:Reiterated
Date:10/14/26
The score is primarily held back by financial performance, especially weak and inconsistent free cash flow and higher leverage alongside reduced ROE. Technicals are moderately supportive with price above longer-term moving averages and a positive MACD, but near-term signals are neutral. Valuation is middle-of-the-road with a modest P/E and a low dividend yield.
Positive Factors
Multi-year revenue growth
Sustained revenue expansion indicates that Sangam has continued to grow its textile business across yarn and fabric activities. A larger revenue base can improve manufacturing scale, broaden customer reach, and provide a foundation for future earnings growth if profitability stabilizes.
Negative Factors
Rising leverage
Higher leverage increases the financial burden carried by the textile business and reduces flexibility if operating conditions weaken. Greater reliance on borrowing can raise financing pressure, constrain future investment choices, and make the company more sensitive to fluctuations in profitability and cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue growth
Sustained revenue expansion indicates that Sangam has continued to grow its textile business across yarn and fabric activities. A larger revenue base can improve manufacturing scale, broaden customer reach, and provide a foundation for future earnings growth if profitability stabilizes.
Read all positive factors
Sangam (India) Limited (SANGAMIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹30.69B
Dividend Yield0.33%
Average Volume (3M)2.61K
Price to Earnings (P/E)25.4
Beta (1Y)1.30
Revenue Growth11.90%
EPS Growth518.29%
CountryIN
Employees10,301
SectorGeneral
Sector StrengthN/A
IndustryManufacturing - Textiles
Share Statistics
EPS (TTM)24.17
Shares Outstanding50,246,560
10 Day Avg. Volume618
30 Day Avg. Volume2,608
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 and denim fabrics in India. Its product portfolio includes PV-blended dyed fabrics, synthetic ring spun yarns, fancy yarns, ring and open-ended cotton yarns, indigo dyed yarns, cotton and...
How the Company Makes Money
Sangam (India) Limited makes money primarily by manufacturing textile products and selling them to customers in domestic and export markets. Its core revenue streams are: (1) Sale of yarn: the company produces yarn and earns revenue from bulk sale...
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 | 33.05B | 32.35B | 28.57B | 26.28B | 26.78B | 24.02B |
| Gross Profit | 12.17B | 12.93B | 4.56B | 7.73B | 3.58B | 4.09B |
| EBITDA | 3.64B | 3.22B | 2.53B | 2.15B | 2.76B | 2.72B |
| Net Income | 1.21B | 826.00M | 318.00M | 408.20M | 1.31B | 1.41B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 33.15B | 29.55B | 27.29B | 21.61B | 18.24B |
| Cash, Cash Equivalents and Short-Term Investments | 1.80B | 1.95B | 1.31B | 104.40M | 70.60M | 11.30M |
| Total Debt | 0.00 | 12.78B | 11.38B | 10.66B | 8.26B | 6.10B |
| Total Liabilities | -10.76B | 22.39B | 19.48B | 17.45B | 12.77B | 11.08B |
| Stockholders Equity | 10.76B | 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
601.10
Price Trends
593.01
Positive
585.31
Positive
527.56
Positive
Market Momentum
-0.54
Positive
54.64
Neutral
72.10
Neutral
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 601.1 is below the 20-day moving average (MA) of 605.34, above the 50-day MA of 593.01, and above the 200-day MA of 527.56, indicating a bullish trend. The MACD of -0.54 indicates Positive momentum. The RSI at 54.64 is Neutral, neither overbought nor oversold. The STOCH value of 72.10 is Neutral, 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹20.26B | 9.01 | ― | 3.58% | 13.93% | 7.80% | |
62 Neutral | ₹36.59B | 17.28 | ― | 0.46% | -0.01% | 21.53% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹35.72B | 42.36 | ― | 0.06% | -1.72% | 12.66% | |
53 Neutral | ₹30.69B | 25.44 | ― | 0.33% | 11.90% | 518.29% | |
48 Neutral | ₹26.79B | 47.32 | ― | 0.35% | 6.96% | -41.41% | |
44 Neutral | ₹22.54B | -94.05 | ― | 0.44% | -36.44% | -118.03% |
* General Sector Average
IN:SANGAMIND
Sangam (India) Limited
610.75
166.45
37.46%
IN:GANECOS
Ganesha Ecosphere Limited
999.65
-215.67
-17.75%
IN:JINDWORLD
Jindal Worldwide Limited
35.63
-0.74
-2.03%
IN:KITEX
Kitex Garments Limited
113.00
-95.78
-45.88%
IN:NITINSPIN
Nitin Spinners Limited
650.90
320.98
97.29%
IN:SIYSIL
Siyaram Silk Mills Limited
446.65
-280.14
-38.54%
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.