Sangam (India) Ltd
Sangam (India) Ltd (SANGAMIND)

Sangam (India) Ltd (SANGAMIND)

₹260.391.39%

Key Stats

₹259.6
Day's Price Range
₹267
₹122.6
52-Week Price Range
₹423
1 Month Return-6.14 %
3 Month Return-5.87 %
1 Year Return63.24 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 85
9.28
EPS
Rank 66
₹28.44
BVPS
Rank 111
₹127.21
Dividend Yield
Rank 82
1.36%
ROE
Rank 494
1.27%
Price To Book Ratio
Rank 156
2.07
Debt To Asset
Rank 246
0.61

Company Information

Incorporated in Dec.84 as Arun Synthetics Pvt Ltd Sangam India of Bhilwara was promoted by R P Soni R K Jagetia and S N Modani. It was converted into a public limited company in Feb.91 and the name was changed to Sangam India. The company manufactures synthetic suitings with an installed capacity of 59.3 lac mtr pa.Sangam India markets its products under the brand name Sangam and has a network of selling agents and dealers throughout the country. In Jul.94 the company offered rights premium: Rs 12.50 to partfinance a backward integration plant by installing 12960 spindles to manufacture polyesterviscose dyed yarn in the count range of 2/15 Ne to 2/30 Ne. In Jan.94 the company installed 16 STB shuttleless Russian weaving machines at a capital outlay of Rs 218 lac. Installation of these machines has increased the weaving capacity from 43.95 mtr pd to 59.3 lac mtr pd. The full impact of the expansion will be felt in 1995.The companys fabric exports are picking up and it has received vast enquiries which are under negotiation. During 199394 the company achieved an export turnover of Rs 15.31 lac. The company has acquired land for the spinning project. Civil construction work is in full swing. Delivery of machines will start by Jan.95. Commercial production is likely to start by Mar.95. This project will also be a backward integration in the field of PV dyed yarn. Inhouse manufacture of raw material a wellorganised marketing setup unbeatble experience in the business and its locational benefits are some of the salient features of the project. During 199798 the company has undertaken and successfully completed an expansion programme of its weaving division by installation of 16 PU Sulzer Weaving Machines supplied by M/s Tex Trade italy improving capacity from 113.16 lacs meter fabrics to 123.76 lacs meter per annum. The quality of fabrics will be higher in comparison to existing plant.During 199899 the expansion project of additional Spindles undertaken by the company is also nearing completion.During the year 19992000 the Company has undertaken one more expansion programme in the spinning capacities by adding of 8064 spindles for the manufacture of polyester/viscose blended yarn. The total cost of the project has been estimated at Rs. 2900 lacs. IDBI and SBI have sanctioned a loan of Rs. 1000 lacs each under Technology Upgradation Fund Scheme. Out of 8064 spindles 2304 spindles have been installed upto 31.03.2000. After the completion of the expansion programme the production of yarn is expected to touch 1200 MT per month.The Company has also diversified into information technology business. Companys IT division M/s Sangam Infotech 100 Export Oriented Unit has established office in Software Technology Park EPIP Sitapura Industrial Area Jaipur Raj.. The Company wish to foray in Software Development Web Services Ecommerce and portal development etc.Expansion programme for 1.9 MW Power generating setP7100 Sulzer Machines has been taken up by te company during the year.Installation of Knitting Machine project is expected to complete by the end of 31.03.2002 and the project has been financed by IDBIICICISBI and balance through internal accruals and 10 preference shares.
OrganisationSangam (India) Ltd
HeadquartersBhilwara
IndustryTextiles