SANGAMIND

Sangam (India) share price & financials

Price
₹636.95
Market cap
₹2.9k Cr
Sector
Textiles
Calls analysed
1
Latest concall · Q2 FY26 · call held 11 Nov 2025

Sangam India Q2 FY26

Revenue ₹785 cr +16%EBITDA ₹76 cr +32%EBITDA Margin 9.6% Net Profit ₹23 cr

What went well

  • Revenue of INR 785 crores, up 16% YoY, driven by higher volumes and improved product mix.
  • EBITDA increased by 32% YoY to INR 76 crores, with margins expanding by 120 basis points to 9.6%.
  • Net profit for the quarter was INR 23 crores, reflecting strong operating performance.

What to watch

  • Depreciation policy change had a one-time impact of approximately INR 9 crores on PAT.
  • ROE is currently low, though management expects it to improve with sustained PAT growth.
Read the full call →

What Sangam (India) Limited does

Sangam (India) Limited is a vertically integrated textile manufacturer spanning spinning (cotton, PV, fancy and indigo-dyed yarns), knitting and weaving (denim, suiting/shirting and knitted fabrics), and garmenting (seamless activewear, innerwear and shapewear under its own C9 Airwear brand). Production runs across six plants clustered in Bhilwara and Chittorgarh, Rajasthan, with in-house backward integration into recycled polyester fibre from PET bottle flakes feeding its own yarn units. It sells to both domestic and export markets, supplying global apparel brands as well as its own Sangam Suiting and Sangam Denim labels.

Segments

  • Yarn (PV & Cotton)
  • Denim Fabric
  • Woven/Synthetic Fabric
  • Garment
Manufacturing plants
6 integrated plants across Bhilwara & Chittorgarh, Rajasthan
Yarn spinning capacity
1,09,620 MTPA (3,06,864 spindles + 4,584 rotors)
Denim fabric capacity
60 million metres per annum (298 weaving looms, 5 indigo processing lines)
Woven/synthetic fabric capacity
54 MMPA weaving / 76 MMPA processing (304 weaving machines)
Seamless garment capacity
10.60 million pieces per annum (114 seamless knitting machines)
Recycled polyester fibre plant
16,020 MTPA (45 TPD), meets ~50% of in-house polyester fibre need
Founded 1984Headquarters Bhilwara, Rajasthan, India Company website

Guidance record · Q2 FY26

what the last two calls moved 7 tracked 0 delivered 0 missed 7 open
  • Revenue Growth open said Q2 FY26 Promised: 12% to 15% growth is something that we can expect over the next couple of years. Q2 FY26: Currently tracking at 16% run rate for H1 FY26.

All 7 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 7.6%, net profit up 875.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue675 746 725 786 776 +15%762 +2%866 +19%846 +8%
EBITDA51 59 53 56 75 +47%81 +37%99 +87%100 +79%
Net profit5 1 9 4 24 +380%24 +2300%34 +278%39 +875%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +53.6% 1Y

₹400₹500₹600Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 11 Nov 2025

1Y: ₹373.95 on 10 Sept 2025 → ₹574.4. High ₹636.95 (17 Jul 2026), low ₹373.95 (10 Sept 2025).

How the price took the results

close before → close after

Q2 FY26
−8.2%
11 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 5.6% a year over 3 years, FY23 to FY26. Operating margin narrowed to 9.7%.

Year endingFY23FY24FY25FY26
Revenue₹2.7k Cr₹2.6k Cr₹2.8k Cr₹3.2k Cr
Operating profit₹302 Cr₹202 Cr₹225 Cr₹311 Cr
Operating margin11.1%7.6%7.9%9.7%
Interest₹53 Cr₹68 Cr₹92 Cr₹109 Cr
Depreciation₹80 Cr₹91 Cr₹107 Cr₹90 Cr
Net profit₹131 Cr₹38 Cr₹28 Cr₹86 Cr
Net margin4.8%1.4%1.0%2.7%
ROCE15.0%7.0%7.0%11.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹43 Cr₹43 Cr₹45 Cr₹50 Cr₹50 Cr₹50 Cr
Reserves₹516 Cr₹673 Cr₹842 Cr₹935 Cr₹970 Cr₹1.0k Cr
Borrowings₹590 Cr₹610 Cr₹810 Cr₹1.0k Cr₹1.3k Cr₹1.2k Cr
Other liabilities₹267 Cr₹496 Cr₹415 Cr₹666 Cr₹829 Cr₹954 Cr
Total liabilities₹1.4k Cr₹1.8k Cr₹2.1k Cr₹2.7k Cr₹3.1k Cr₹3.3k Cr
Fixed assets₹590 Cr₹602 Cr₹655 Cr₹919 Cr₹1.4k Cr₹1.4k Cr
Capital work in progress₹9 Cr₹71 Cr₹217 Cr₹217 Cr₹137 Cr₹84 Cr
Investments₹0 Cr₹8 Cr₹57 Cr₹50 Cr₹102 Cr₹193 Cr
Other assets₹818 Cr₹1.1k Cr₹1.2k Cr₹1.5k Cr₹1.5k Cr₹1.6k Cr
Total assets₹1.4k Cr₹1.8k Cr₹2.1k Cr₹2.7k Cr₹3.1k Cr₹3.3k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, others added +0.71 pp while DIIs trimmed −0.48 pp. The shareholder count shrank 9% to 9,684.

Promoters
70.5%
FIIs
2.5%
DIIs
0.1%
Public
25.0%
Others
1.9%

Since Jun 2025

  • Others +0.71 pp
  • DIIs −0.48 pp
  • Public −0.46 pp

How it drifted, 12 quarters

Over this window the public fell from 28.9% to 25.0% — −3.9 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 70.2%, FIIs 0.3%, DIIs 0.3%, Public 28.9%, Others 0.3%.Dec '23: Promoters 70.2%, FIIs 0.2%, DIIs 0.3%, Public 28.5%, Others 0.8%.Mar '24: Promoters 70.2%, FIIs 2.6%, DIIs 0.5%, Public 25.8%, Others 0.8%.Jun '24: Promoters 70.2%, FIIs 2.6%, DIIs 0.5%, Public 25.8%, Others 0.8%.Sep '24: Promoters 70.2%, FIIs 2.7%, DIIs 0.6%, Public 25.6%, Others 1.0%.Dec '24: Promoters 70.2%, FIIs 2.7%, DIIs 0.6%, Public 25.6%, Others 1.0%.Mar '25: Promoters 70.2%, FIIs 2.7%, DIIs 0.6%, Public 25.6%, Others 1.0%.Jun '25: Promoters 70.2%, FIIs 2.6%, DIIs 0.6%, Public 25.5%, Others 1.1%.Sep '25: Promoters 70.2%, FIIs 2.6%, DIIs 0.6%, Public 25.3%, Others 1.3%.Dec '25: Promoters 70.3%, FIIs 2.5%, DIIs 0.1%, Public 25.4%, Others 1.7%.Mar '26: Promoters 70.5%, FIIs 2.4%, DIIs 0.1%, Public 25.1%, Others 1.9%.Jun '26: Promoters 70.5%, FIIs 2.5%, DIIs 0.1%, Public 25.0%, Others 1.9%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Sangam (India) Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Sangam E-Com Limited 19.04%unchanged
Authum Investment & Infrastructure Lmited NBFC / DFI10.15%unchanged
Anurag Soni 8.88%unchanged
Nidhi Mercantiles Limited 7.62%unchanged
Madhuri Madhusudan Kela 4.86%unchanged
Hawamahal Finance Pvt Ltd 4.65%unchanged
Sangam Fincap Limited 4.61%unchanged
Ram PAL SONI 4.29%unchanged
Neelgagan Commercial Company Ltd 3.18%unchanged
Necco Shipping Company Private Ltd 2.54%unchanged
Sarvodaya Holdings Private Limited 2.24%unchanged
Sangam Suitings Pvt Ltd 2.21%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse Sangam (India) Limited

Guides on how to read this kind of business and the numbers that matter.