Sangam
450.30
+6.25(+1.41%)
Market Cap₹2,262.60 Cr
PE Ratio59.96
IndustryTextiles
Company Performance:
1D+1.41%
1M+7.24%
6M+0.76%
1Y+25.91%
5Y+781.21%
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More news about Sangam
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
450.30
+6.25
(+1.41%)
1 Year Returns:+25.91%
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