Sangam (India) Limited manufactures and sells PV dyed yarns in India and internationally.
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Adequate balance sheet and fair value.
Share Price & News
How has Sangam (India)'s share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SANGAMIND's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: SANGAMIND underperformed the Indian Luxury industry which returned 18.2% over the past year.
Return vs Market: SANGAMIND underperformed the Indian Market which returned 10.7% over the past year.
Price Volatility Vs. Market
How volatile is Sangam (India)'s share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StIs Sangam (India) Limited (NSE:SANGAMIND) Overpaying Its CEO?
1 month ago | Simply Wall StWhat Kind Of Shareholder Owns Most Sangam (India) Limited (NSE:SANGAMIND) Stock?
2 months ago | Simply Wall StSangam (India) (NSE:SANGAMIND) Has A Somewhat Strained Balance Sheet
Is Sangam (India) undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SANGAMIND (₹53.6) is trading below our estimate of fair value (₹234.03)
Significantly Below Fair Value: SANGAMIND is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SANGAMIND is poor value based on its PE Ratio (20.2x) compared to the Luxury industry average (11.2x).
PE vs Market: SANGAMIND is poor value based on its PE Ratio (20.2x) compared to the Indian market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SANGAMIND's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SANGAMIND is good value based on its PB Ratio (0.4x) compared to the IN Luxury industry average (0.5x).
How is Sangam (India) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Consumer Durables industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Sangam (India) has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine whether Sangam (India) is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Sangam (India) competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
How has Sangam (India) performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SANGAMIND has high quality earnings.
Growing Profit Margin: SANGAMIND's current net profit margins (0.6%) are lower than last year (0.9%).
Past Earnings Growth Analysis
Earnings Trend: SANGAMIND's earnings have declined by -27.1% per year over the past 5 years.
Accelerating Growth: SANGAMIND's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SANGAMIND had negative earnings growth (-38.3%) over the past year, making it difficult to compare to the Luxury industry average (5.6%).
Return on Equity
High ROE: SANGAMIND's Return on Equity (2%) is considered low.
Return on Assets
Return on Capital Employed
How is Sangam (India)'s financial position?
Financial Position Analysis
Short Term Liabilities: SANGAMIND's short term assets (₹8.0B) exceed its short term liabilities (₹6.6B).
Long Term Liabilities: SANGAMIND's short term assets (₹8.0B) exceed its long term liabilities (₹2.9B).
Debt to Equity History and Analysis
Debt Level: SANGAMIND's debt to equity ratio (112.6%) is considered high.
Reducing Debt: SANGAMIND's debt to equity ratio has reduced from 140.3% to 112.6% over the past 5 years.
Debt Coverage: SANGAMIND's debt is well covered by operating cash flow (34.7%).
Interest Coverage: SANGAMIND's interest payments on its debt are not well covered by EBIT (1.4x coverage).
Inventory Level: SANGAMIND has a high level of physical assets or inventory.
Debt Coverage by Assets: SANGAMIND's debt is covered by short term assets (assets are 1.4x debt).
What is Sangam (India)'s current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SANGAMIND's dividend (1.86%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).
High Dividend: SANGAMIND's dividend (1.86%) is low compared to the top 25% of dividend payers in the Indian market (2.58%).
Stability and Growth of Payments
Stable Dividend: SANGAMIND's dividend payments have been volatile in the past 10 years.
Growing Dividend: SANGAMIND's dividend payments have not increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (37.5%), SANGAMIND's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
S. Modani (55yo)
Mr. S. Niwas Modani, M.Sc., M.B.A., serves as the Managing Director, Chief Executive Officer and Executive Director of Sangam (India) Ltd. Mr. Modani served as a Director of SPBL Limited since February 14, ...
CEO Compensation Analysis
Compensation vs Market: S.'s total compensation ($USD220.70K) is above average for companies of similar size in the Indian market ($USD50.34K).
Compensation vs Earnings: S.'s compensation has been consistent with company performance over the past year.
|Executive Chairman||0yrs||₹24.70m||2.87% ₹59.4m|
|CEO, MD & Executive Director||0yrs||₹15.79m||0.25% ₹5.2m|
|Executive Director||0yrs||₹7.98m||no data|
|Independent Non Executive Director||15.2yrs||₹450.00k||no data|
|Independent Non-Executive Director||8.4yrs||₹360.00k||no data|
|Independent Woman Director||4.9yrs||₹50.00k||no data|
Experienced Board: SANGAMIND's board of directors are considered experienced (8.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Sangam (India) Limited's company bio, employee growth, exchange listings and data sources
- Name: Sangam (India) Limited
- Ticker: SANGAMIND
- Exchange: NSEI
- Founded: 1984
- Industry: Textiles
- Sector: Consumer Durables
- Market Cap: ₹2.074b
- Shares outstanding: 39.42m
- Website: https://www.sangamgroup.com
Number of Employees
- Sangam (India) Limited
- B/306-309, Dynasty Business Park
- Opposite Sangam Cinema, Andheri Kurla Road
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|514234||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Jul 1996|
|SANGAMIND||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||Jul 1996|
Sangam (India) Limited manufactures and sells PV dyed yarns in India and internationally. Its product portfolio includes PV blended dyed/grey yarns, cotton spun and open ended yarns, indigo rope dyed yarns, texturized yarns, synthetic blended fabrics, cotton knitted fabrics, and Denim fabrics, as well as seamless garments, such as air wear, intimate wear, inner wear, shape wear, leisure wear, active wear, maternity wear, yoga wear, and casual wear garments for men and women. The company also produces steel; solar, thermal, and wind power; and develops real estate properties. It markets its products under the C9 Airwear, Sangam Suitings, Sangam Denims, and Sangam Yarns brands through a network of dealers and retailers, as well as through online. The company also exports its products. Sangam (India) Limited was founded in 1984 and is headquartered in Mumbai, India.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/19 13:06|
|End of Day Share Price||2020/02/19 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.