Sangam (India) Ltd
NSE:SANGAMIND
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Sangam (India) Ltd
Sangam (India) Ltd. is a holding company, which engages in the manufacture and sale of textile products. The company is headquartered in Mumbai, Maharashtra. The firm manufactures polyester viscose (PV) dyed yarn, cotton, and open-end (OE) yarn and also ready to stitch fabric. The firm is engaged in the manufacturing of cotton, synthetic blended yarns, open yarn, synthetic and denim fabric weaves cotton knitted fabric seamless garment knitting, and fabric processing. The company is engaged in the preparation and spinning of man-made fiber, including blended man-made fiber; weaving manufacturing of cotton and cotton mixture fabrics; weaving, manufacturing of textiles of man-made fiber and man-made mixture fabrics, and finishing of man-made and blended man-made textile. The company also offers a range of woven PV fabrics, for suiting and bottom wear. The Company’s flagship brands include Sangam Suiting and Sangam Denim. The company manufactures approximately 5,000 shades, and six-50 counts of yarns. Its manufacturing facilities are located at Bhilwara, and Chittorgarh in Rajasthan.
Sangam (India) Ltd. is a holding company, which engages in the manufacture and sale of textile products. The company is headquartered in Mumbai, Maharashtra. The firm manufactures polyester viscose (PV) dyed yarn, cotton, and open-end (OE) yarn and also ready to stitch fabric. The firm is engaged in the manufacturing of cotton, synthetic blended yarns, open yarn, synthetic and denim fabric weaves cotton knitted fabric seamless garment knitting, and fabric processing. The company is engaged in the preparation and spinning of man-made fiber, including blended man-made fiber; weaving manufacturing of cotton and cotton mixture fabrics; weaving, manufacturing of textiles of man-made fiber and man-made mixture fabrics, and finishing of man-made and blended man-made textile. The company also offers a range of woven PV fabrics, for suiting and bottom wear. The Company’s flagship brands include Sangam Suiting and Sangam Denim. The company manufactures approximately 5,000 shades, and six-50 counts of yarns. Its manufacturing facilities are located at Bhilwara, and Chittorgarh in Rajasthan.
Revenue Growth: Sangam India reported Q2 revenue of INR 785 crores, up 16% year-on-year, driven by higher volumes and a better product mix.
Profit Jump: Net profit for the quarter was INR 23 crores, helped by operational improvement and a change in depreciation policy.
Margin Expansion: EBITDA increased by 32% year-on-year to INR 76 crores, with margins up 120 basis points to 9.6%.
Depreciation Policy Change: The company revised its depreciation policy this quarter, positively impacting reported profits but with no cash flow effect.
Guidance: Management expects 12% to 15% revenue growth for the full year, with stable to slightly improving margins and export share around 40%.
CapEx Cycle: Major CapEx cycle is now complete; focus now on ramping up utilization and extracting efficiencies from new assets.
Sustainability Initiatives: The company is expanding renewable energy use and expects INR 10 crores annual savings from a new 12MW captive power tie-up starting December.
