Sangam
455.60
-5.45(-1.18%)
Market Cap₹2,289.23 Cr
PE Ratio61.79
IndustryTextiles
Company Performance:
1D-1.18%
1M+3.39%
6M-2.82%
1Y+3.19%
5Y+442.06%
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More news about Sangam
15Oct 25
Sangam (India) Limited Expands Renewable Energy Portfolio with 27 MWp Solar Plant
Sangam (India) Limited has expanded its renewable energy portfolio by signing an EPC contract with IB Vogt Solar India Private Limited for a 27.00 MWp solar power plant in Jaisalmer, Rajasthan. This development follows the company's earlier strategic acquisition of stake in CGE II Hybrid Energy Private Limited, demonstrating a comprehensive approach to sustainable energy for its manufacturing operations.
19Sept 25
Sangam (India) Limited Shareholders Approve Key Resolutions at 39th AGM, Including Rs. 2 Dividend
Sangam (India) Limited held its 39th Annual General Meeting on September 19. Shareholders approved a dividend of Rs. 2.00 per equity share and adopted the audited financial statements. V.K. Sodani was re-appointed as Director, and Sudhir Maheshwari was re-appointed as Independent Director for a five-year term. M/s. B.K. Sharma & Associates were appointed as Secretarial Auditors for five years. The meeting also ratified the remuneration of Cost Auditors.
07Aug 25
Sangam India Acquires Recycled Polyester Unit for Rs 52.51 Crores, Appoints New Internal Auditor
Sangam (India) Limited has approved the purchase of a Recycle Polyester Staple Fibre (RPSF) Manufacturing Unit for up to Rs 52.51 crores. The unit has an installed capacity of 45 TPD and is expected to meet about 50% of the company's daily polyester fibre requirement, projecting annual savings of Rs 11.00 crores. This acquisition aligns with the company's backward integration strategy and sustainability goals. Additionally, the board has appointed M/s. Protiviti India Member Private Limited as the company's new Internal Auditor to enhance risk management and internal control processes.
04Aug 25
Sangam India Reports 66% Drop in Q1 Net Profit Despite Revenue Growth
Sangam India's Q1 financial results show a 12.8% increase in revenue to ₹786.00 crore, but a 66% decrease in net profit to ₹43.00 crore. EBITDA declined to ₹54.60 crore from ₹60.30 crore, with the EBITDA margin compressing from 8.65% to 6.95%. The contrasting trends of rising revenue and falling profitability suggest challenges in cost management or market pricing pressures.
29May 25
Sangam (India) Announces Q4 Results: Revenue Up, Profit Down, Declares Dividend
Sangam (India) Ltd. reported Q4 financial results with revenue increasing to ₹7.25 billion, up 3.57% year-over-year. However, profitability declined with EBITDA falling 12.44% to ₹535.00 million and net profit decreasing 24.80% to ₹94.00 million. The EBITDA margin contracted to 7.37% from 8.66%. Despite the profit decline, the company's board recommended a dividend of ₹2.00 per equity share. Notably, net profit improved significantly from ₹5.00 million in the previous quarter to ₹94.00 million in Q4.
16May 25
Sangam India Expands Customer Base, Adds Walmart Supplier Gelmart Industries
Sangam India Ltd., a textile manufacturer, has onboarded Gelmart Industries Inc., a key supplier to Walmart, as a new customer for its garment business. This strategic acquisition could expand Sangam India's market reach, potentially increase revenue, enhance credibility, and diversify its customer base. The partnership may indirectly provide access to Walmart's vast network, although specific agreement details remain undisclosed.
18Apr 25
Sangam (India) Ventures into Denim Manufacturing with New Joint Venture in Odisha
Sangam (India) Limited has signed an MOU with Golden Seams Industries Pvt Ltd to form a joint venture focused on denim manufacturing and laundry operations in Odisha. This strategic move marks Sangam's expansion into the denim sector, potentially diversifying its product portfolio and geographical presence. The joint venture aims to capitalize on the growing denim market and changing fashion trends.
Sangam
455.60
-5.45
(-1.18%)
1 Year Returns:+3.19%
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