“We recorded Rs 2,730 crore revenue in FY23, and this financial year we are expecting to touch Rs 3,000 crore. With our capacity expansion in various product categories, we are targeting close to Rs 4,000 crore revenue by 2024-25,” Sangam India Managing Director and CEO S N Modani told

Sangam India eyes close to Rs 4,000 crore revenue by FY25

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D-Link India was down nearly 4 percent to Rs 225. Ace investor Ashish Kacholia has sold further 3.69 lakh equity shares in the networking products manufacturer at an average price of Rs 227.91 per share.

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Around 1 million shares, representing 2 per cent of total equity of SIL, changed hands on the BSE in the first hour of trade

Sangam India zooms 18% on heavy volumes on stable outlook

Sangam India Standalone December 2022 Net Sales at Rs 605.00 crore, down 6.37% Y-o-Y

This has been a historic year for Sangam India as it records it highest ever revenues and net profits since its inception in 1984. Q4 FY 22 also marks the best performing quarter as net profits of the company rose by 61.45% Y-o-Y.

Sangam (India) achieves highest ever revenue and net profit since inception

Sangam India Consolidated December 2021 Net Sales At Rs 649.80 Crore, Up 47.6% Y-o-Y

The company will set up multiple manufacturing units with focus on spinning, weaving, garments, knitting and processing

Sangam India to invest ₹1,521 cr in Rajasthan over 2 years

The MoU is for investment to the extent of Rs1521cr in proposed Projects of the Company.

Sangam India to ink MoU with Rajasthan govt during ‘Investment Summit’

The total cost of the expansion project is funded partly by term loans of Rs 102 crore and balance Rs 35.25 crore by internal accruals. The move is aimed at increasing the capacity of their cotton yarn business by 47 per cent and knitted fabric business by 28 per cent.

Sangam India to invest Rs 137.2 cr for expansion of manufacturing facility

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Sangam (India) Limited is engaged in textile sector. The Company manufactures polyester viscose (PV) yarn.

Sangam (India) Ltd