Sangam (India) Limited has informed the Exchange about Investor Presentation
SANGAM (INDIA) LIMITED CIN : L17118RJ 1984PLC 003173
E - mail : secretarial@sangamgroup.com Website : www.sangamgroup.com I Ph : +91-1482-245400-06
Ref: SIL/SEC/2023-24 Date: 28th April, 2023
The Manager Department of Corporate Services The National Stock Exchange of India Ltd. Exchange Plaza, 5th Floor, Plot No. C/1, G Block Bandra Kurla Complex, Bandra (E) Mumbai – 400051 Scrip Code: 5251
The Manager, Department of Corporate Services, Bombay Stock Exchange Ltd. Phiroze Jeejeebhoy Towers 25th Floor, Dalal Street, MUMBAI - 400 001 Scrip Code: 514234
Dear Sir/Madam,
Subject:
Intimation to Stock Exchange – Investor Presentation in connection with Audited Financial Results for quarter and year ended 31st March, 2023.
Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the copy of Investor Presentation in connection with Audited Financial Results for quarter and year ended 31st March, 2023.
Kindly take the above on your record.
Thanking You.
For Sangam (India) Limited
A.K. Jain Company Secretary FCS – 7842
Encl.: As above
Registered Office : Sangam House, Atun, Chittorgarh Road, Bhilwara - 311001 (Raj.) INDIA
SANGAM (INDIA) LIMITED
INVESTOR PRESENTATION
April 28, 2023
Disclaimer
“This presentation is for information purposes only and does not constitute an offer, solicitation, invitation to offer or advertisement with respect to the purchase or sale of any securities of Sangam (India) Limited (the "Company") and no part of it shall form the basis of, or be relied upon in connection with, any contract or commitment whatsoever. No representation or warranty (express or implied) is made as to, and no reliance should be placed on, the accuracy, completeness or correctness of any information, including any projections, estimates, targets and opinions contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein and, accordingly, none of the Company or its affiliates, its advisors or representatives, including its book running lead managers, or any such person's officers or employees accepts any liability (in negligence or otherwise) whatsoever arising directly or indirectly from the use of this presentation. Unless specifically mentioned, this presentation speaks as of its date. Neither the delivery of this presentation nor any further discussions of the Company with any of the recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since such date. This document also contains certain forward-looking statements relating to the business, financial performance, strategy and results of the Company and/or the industry in which it operates. Forward-looking statements are statements concerning future circumstances and results, and any other statements that are not historical facts, sometimes identified by the words "believes", "expects", "predicts", "intends", "projects", "plans", "estimates", "aims", "foresees", "anticipates", "targets", and similar expressions. The forward-looking statements, including those cited from third party sources, contained in this presentation are based on numerous assumptions and are uncertain and subject to risks. A multitude of factors including, but not limited to, changes in demand, competition and technology, can cause actual events, performance or results to differ significantly from any anticipated development. Neither the Company nor its affiliates or advisors or representatives, including its book running lead managers, nor any such person's officers or employees guarantees that the assumptions underlying such forward-looking statements are free from errors, nor does either accept any responsibility for the future accuracy of the forward-looking statements contained in this presentation or the actual occurrence of the forecast developments. The Company expressly disclaims any obligation or undertaking to release any update or revisions to any forward-looking statements in this presentation as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward-looking statements are based. This presentation may not be reproduced, copied, distributed or disseminated in any other manner.”
2
Sangam (India) Limited
About Us
Sangam (India) limited was incorporated in 1984, promoted by Shri RP Soni, first generation entrepreneur & technocrat. SIL become a public limited company in 1992 and listed on both the major exchanges of India in NSE and BSE.
• SIL main business activities are Textile & garment manufacturing. Company has expanded its products portfolio
into full value chain in textile, manufacturing of yarn, fabric, fabric processing and Garment, etc.
• Company has build 4 state of the art manufacturing facilities situated in Bhilwara & Chittorgarh, Rajasthan,
India • Yarn (PV Fiber dyed, Grey yarn, & Cotton Yarn) • Fabric Production (Denim & PV fabric) • Fabric Processing • Knitted Fabric • Garments
: : : : :
96,150 MT 80.4 MMPA 72 MMPA 5,500 MTPA 5.6 MPPA
PV blended dyed/grey/cotton yarn
PV/denim fabric
Fabric processing
Garments
3
Sangam (India) Limited
Unique Business Propositions of Sangam India Limited Long standing presence over 35 years & established brands.
One of the largest producers of Poly Viscose Dyed Yarns in South East Asia, in oligopolistic market segment.
Diversified product mix from Yarn (PV & Cotton), Fabric (PV woven, Denim, Knitted), Garments, etc. A rare company in
India who is having such a large & diversified product mix.
Key player in the organized PV Fabric segment. SIL is very strong contender having limited competition in large &
institutional supplies.
Diversified customer base across segments & geography worldwide.
Manufacturing centricity and Economy of scale
One of the niche player in Seamless Garments manufacturing in India.
Brand C9 Air wear brings of progressive seamless wear to maximize flexibility, mobility and performance, while enhancing
comfort and confidence, as Intimate Wear, Active Wear, Yoga Wear, Shape Wear and Leisure Wear for women.
4
Sangam (India) Limited
Vision & Mission Statement
At Sangam, we strive to build enterprises driven excellence which by maximises customer satisfaction and create all value stakeholders.
for
:
n o i s i V
5
To maximise customer value expand and base with customer focus consumer business segment while pace with keeping changes external in environment.
on
:
n o i s s i
M
to
On the back of our resilient business model and operational efficiencies, we continued our drive stakeholders during the year. We remained steadfast on delivering the best quality and sustainable textile solutions, leading to a better tomorrow for everyone.
value
for
and
transparency
Commitment: We are committed to foster trusted client relationships and to enhance stakeholders’ value. We enable others to trust us by delivering on our accountabilities and stand by decisions when they are made. We expect to follow ethical business practices with complete open communication. Integrity: We carry our responsibilities in honest and trustworthy manner. We expect to uphold high standard of conduct and to have integrity in all our thoughts and actions. Professionalism: We expect to conduct ourselves in professional manner even in the most challenging circumstances. Quality: Our endeavour is to provide high quality products and adhere to world-class standards. Adaptability: We adaptable to changing dynamic environment.
steadfastly
remain
: s e u l a V r u O
R.P. Soni
Sangam (India) Limited
Board of Directors
Names of the Directors Shri R. P. Soni
Dr. S. N. Modani
Designation
Brief
Chairman
Managing Director & CEO
Shri Vinod Kumar Sodani
Executive Director
Shri Anurag Soni
Shri Achintya Karati
Shri Tapan Kumar Mukhopadhyay Smt. Jyoti Sharma
Whole Time Director & CFO
Independent Director
Independent Director
Independent Director
Shri Yaduvendra Mathur
Independent Director
Shri Sudhir Maheshwari
Independent Director
6
He is the Promoter and founder of Sangam group and has more than 50 years of rich experience in textile, civil and other sectors. He is a first generation entrepreneur, visionary leader & technocrat by profession. He is qualified science graduate and diploma in civil engineering. He admire social & philanthropic values and believes in giving back to the society, and has set up Hospital, School, University under various trusts. He is responsible for managing the Yarn and Denim Business of SIL. He holds a Masters in Science (M. Sc.), with Honours in Chemistry, as well as an MBA and is associated with the textile industry since 1989. He is presently Chairman of Rajasthan Textile Mills Association & director in Confederation of textile industry “CITI”. He is awarded doctorate in strategic management practices for Sustainable Future by Sangam University. He is responsible for managing the weaving of Poly Viscose Fabric, the Processing Division and manufacturing of Seamless Garments. He is a B. Com. graduate and has completed his Chartered Accountancy.
He is a commerce graduate and completed MS in Finance. He is entrusted with the responsibility overall finance & treasury management and streamlining operations for sustainable business growth.
Having more than 51 years of work exp, worked in ICICI Ltd/ICICI Bank Ltd. holding responsible business development positions, head of Major Client Group - North and finally taking charge as Country Head of Government and Institutional Solutions Group. Having more than 48 years of work exp and worked as Chief General Manager and Country Head (Administration & Premises) in his previous assignment with from IDBI BANK and also held on various Senior Executive Positions.
She worked as Senior Vice President with Banking Codes and Standards Board of India since August 2015. Her forte is Corporate finance, resources mobilisation and monitoring of stressed assets. He was Officer of the Indian Administrative Service and retired in the year 2019 from the rank of Secretary to Govt. of India, Neeti Aayog, New Delhi. He was also associated with Exim Bank as CMD, with Rajasthan Financial Corporation as CMD, as Director General Revenue Intelligence, Principal Secretary Budget, Secretary Expenditure, Dy Secretary Finance as an Income Tax Officer, IRS and he was also associated with African Development Bank. He is Founder and Managing partner at Synergy Capital, a Private Equity and strategic advisory firm. He is a B. Com. graduate and has completed his Chartered Accountancy & Company Secretary .
Sangam (India) Limited
Production Capacity
Company's totally integrated infrastructure equipped to produce quality products ; from yarn to garments, includes Spinning, Weaving, Processing, Denim, Knitting & Garments Manufacturing supported by innovative styles, cutting-edge technology. Company has also invested heavily in developing and upgrading its infrastructure for better productivity and quality.
Division
Spinning
Weaving
Denim
Processing
Circular Knitting
Seamless Knitting
Thermal Power
Solar Power
Wind Power
7
Assets
Production Capacity
271440 Spindles & 2,568 Rotors
96,150 MT PA
229 Weaving Machines
32.4 Million Meter Fabric PA
5 Processing lines & 295 Looms
48 Million Meter Fabric PA
7 Stenters-42 chambers
72 Million Meter PA
26 Machines
58 Machines
2 Plants
4 Plants
4 windmills
5,500 MT PA
5.6 Million Pieces PA
16.0 MW
13.0 MW
5.0 MW
Sangam (India) Limited
Major Milestones
limited as Converted to Public ‘Sangam (India) Limited, raised fund through first IPO of 3.2 Mn shares @ Rs15 each
expansion
11,520 Capacity spindles to spinning capacity and 3.8 MW Captive power plant
by
expansion
26,592 Capacity spindles and 10 MW Coal based thermal power plant
by
1984
1995
2000
2006
1993
1998
2003
Incorporated as a Private Limited Company by Mr R. P. Soni & started operations with 8 weaving machines.
Backward integration into spinning (Installed 17,280 spindles for PV dyed yarn)
Capacity 8,640 expansion spindles, 16 weaving machines and 1.9 MW Captive power plant
by
Amalgamation of SPBL Limited (A process house) with the Company
8
Sangam (India) Limited
Major Milestones (contd.)
Expansion in weaving/ processing unit at village Atun
Installation of balancing machineries on its existing units
Expansion by 26,736 spindles for manufacturing of PV dyed yarn at Soniyana , 74 weaving machines
Expansion by 32832 spindles for manufacturing of cotton yarn at sareri unit,
2009
2013
2015
2018
2011
2014
2016
2022
Major Expansion by 1.13 Lakhs spindles, 130 weaving & 12 knitting machines and captive thermal power plant of 6 & 15 MW
Expansion of denim unit, process unit, texturizing yarn, open end yarn, knitting unit
Garment Unit 36 Machines, 10,080 spindles and 56 weaving machines
Installed one Rope dyeing unit (24 Rope) and 78 looms at Denim unit
9
Sangam (India) Limited
Product Portfolios
SIL focused to deliver the best-in class products across the textile value chain. Company's expanded portfolio includes
PV blended dyed/grey yarn
Cotton spun yarn
Cotton open end yarn
Texturized yarn
Synthetic blended fabric
Denim fabric
Fabric processing
Cotton knitted fabric
Garments
10
Sangam (India) Limited
Textile Value Chain
Nature/ Man Made
Ginning
Spinning
Weaving/ Knitting
Processing
Stitching
Raw Material
Fiber
Yarn
Fabric
Processed Fabric
Garment / Apparel
Polyester, Viscos, Cotton, etc.
Man Made PV & PC textiles
Wool
Silk
Jute
Other Synthetic & Technical Material
Woollen textiles
Silk textiles
Jute textiles
Technical textiles
Fiber & Yarn Segment
Fabric & Apparel Segment
11
Sangam (India) Limited
Manufacturing Facilities
Atun, Bhilwara : Weaving, Processing & Garment Plant
Atun, Bhilwara: Seamless Garment Unit
Biliya Kalan, Bhilwara: Spinning Plant Unit-I, Denim Weaving & Processing Plant
Sareri, Bhilwara: Spinning Plant Unit-II
Soniyana, Chittorgarh Spinning Plant Unit-III
Company has five manufacturing facilities located at Bhilwara and Chittorgarh in Rajasthan.
12
Sangam (India) Limited
Executive Summary: Quarterly Results
Revenue
Company's revenue for Q4 FY23 is INR 688 cr against the previous quarter revenue of INR 605 Q3 FY23
Gross revenue for the FY 22 -23 is INR 2715 cr against the FY 21-22 is INR 2438 cr with a growth of 11% over the YoY, whereas Fabric division sees the revenue growth of 25% of YOY.
Export Sales for Q4 FY23 is INR 200 cr & Domestic Sales for Q4 FY23 is INR 488 cr and total Export sales for the year ended FY 22-23 is INR 756.1 cr against total export sales for the year FY 21-23 is INR 921 cr.
Total domestic sales for the year ended FY 22-23 is INR 1959.2 cr against total export sales for the year FY 21-23 is INR 1516.5 cr.
EBITDA
Company's EBITDA for Q4 FY23 is INR 76 cr and Total EBITDA for the year 22-23 is INR 319 cr against last year total EBITDA is INR 315 cr, growth over 1% YoY
Rating
Company is rated A with Stable outlook in the current year from negative outlook in the current year by India rating for long term debt stable and A1 for short term lending based on FY22 dated 24.03.2022.
13
Sangam (India) Limited
Quarterly Result Snap Shots
INR Cr
REVENUE (INR Cr)
EBITDA (INR Cr)
FY22,Q4
FY23,Q4
FY22,Q4
FY23,Q4
-8% YOY
-29% YOY
746
688
107
76
CASH PROFIT (INR Cr)
PAT (INR Cr)
FY22,Q4
FY23,Q4
FY22,Q4
FY23,Q4
-28% YOY
-39% YOY
93.1
66.6
54
33
14
Sangam (India) Limited
I
N O T C U D O R P
S E L A S
Business Segments Quarterly Trend
Yarn (MT)
PV Fabric (Lakh Meter)
Denim Fabric (Lakh Meter)
Garment (Lac Pcs)
18,293.5
16,489.6
19,507.4 20,108.2 20,906.6
79.2
76.3
71.1
61.0
62.4
111.5
106.0
91.7
13.3
12.0
11.0
74.0
72.0
9.5
8.0
March-22 Qtr.
June-22 Qtr.
Sep-22 Qtr.
Dec-22 Qtr.
March-23 Qtr.
March-22 Qtr.
June-22 Qtr.
Sep-22 Qtr.
Dec-22 Qtr.
March-23 Qtr.
March-22 Qtr.
June-22 Qtr.
Sep-22 Qtr.
Dec-22 Qtr.
March-23 Qtr.
March-22 Qtr.
June-22 Qtr.
Sep-22 Qtr.
Dec-22 Qtr.
March-23 Qtr.
Yarn (MT)
15,059.2
11,756.4
12,690.0 12,974.0
15,858.6
PV Fabric (Lakh Meter)
Finished sale
Trading
PV Fabric Purchase(Lakh Meter)
Prod/ Purchase
137.0
5.9
81.9
10.2
96.9
13.4
123.6
11.3
80.7
10.4
57.8
5.9
13.4
10.2
10.4
11.3
107.0
87.8
92.0
68.2
March-22 Qtr.
June-22 Qtr.
Sep-22 Qtr.
Dec-22 Qtr.
March-23 Qtr.
March-22 Qtr.
June-22 Qtr.
Sep-22 Qtr.
Dec-22 Qtr.
March-23 Qtr.
March-22 Qtr.
June-22 Qtr.
Sep-22 Qtr.
Dec-22 Qtr.
March-23 Qtr.
March-22 Qtr.
June-22 Qtr.
Sep-22 Qtr.
Dec-22 Qtr.
March-23 Qtr.
* FY 2022-23 Total Yarn Production is 77011.8 MT in which total Captive consumption is 24387.6 MT i.e 31.67%
15
Sangam (India) Limited
Financial Highlights
INR Cr
Revenue from operations
EBITDA
PAT
2,715.3
2,438.0
315.0
319.0
140.2
134.5
1,874.0
1,783.0
1,363.0
171.0
170.0
133.0
FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23
FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23
FY 2018-19
FY 2019-20
FY 2020-21
FY 2021-22
FY 2022-23
16.0
13.0
5.0
16
Sangam (India) Limited
Historical Financial Highlights
INR Cr
Revenue from operations
EBITDA
PAT
2,715.3
2,438.0
315.0
319.0
140.2
134.5
1,874.0
1,783.0
1,363.0
171.0
170.0
133.0
FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23
FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23
FY 2018-19
FY 2019-20
FY 2020-21
FY 2021-22
FY 2022-23
16.0
13.0
5.0
ROCE
ROE
Net Worth
24.23%
17.20%
19.69%
15.17%
527.0
533.0
560.0
887.0
712.0
11.10%
11.74%
7.35%
3.04%
2.44%
0.89%
FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23
FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23
FY 2018-19
FY 2019-20
FY 2020-21
FY 2021-22
FY 2022-23
17
Sangam (India) Limited
Market Wise Sales Chart
INR Cr
600.0
500.0
400.0
300.0
200.0
100.0
-
18
Domestic Sales
Exports Sales
538.4
494.7
420.3
428.1
434.4
312.0
487.4
438.7
214.6
218.1
218.6
170.9
166.3
200.3
356.4
233.7
176.7
139.1
Mar-21 Qtr.
June-21 Qtr.
Sep-21 Qtr.
Dec-21 Qtr.
March-22 Qtr.
June-22 Qtr.
Sep-22 Qtr.
Dec-22 Qtr.
March-23 Qtr.
Sangam (India) Limited
Market wise sales chart in %
Geographical % Sales Distribution
34%
34%
31%
24%
27%
29%
42%
58%
66%
66%
69%
76%
73%
71%
28%
72%
43%
57%
Mar-21 Qtr.
June-21 Qtr.
Sep-21 Qtr.
Dec-21 Qtr.
March-22 Qtr.
June-22 Qtr.
Sep-22 Qtr.
Dec-22 Qtr.
March-23 Qtr.
Domestic Sales
Exports Sales
Sangam (India) Limited
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
19
Market wise Yearly sales chart
Domestic Sales
Exports Sales
Domestic Sales
Exports Sales
1958
1517
1379
1313
74%
74%
72%
69%
62%
931
921
757
26%
26%
38%
31%
28%
495
470
423
FY 18-19
FY 19-20
FY 20-21
FY 21-22
FY 22-23
FY 18-19
FY 19-20
FY 20-21
FY 21-22
FY 22-23
20
Sangam (India) Limited
Income Statement: Q4 FY 2023 (standalone)
INR Lakhs
21
Sangam (India) Limited
Particulars31.03.2331.12.2231.03.22YoY Qtr31.03.2331.03.22YoY PeriodIncomeRevenue from Operations68,770 60,500 74,635 -8%2,71,530 2,43,776 11%ExpensesCOGS54,601 49,679 56,020 -3%2,14,797 1,86,060 15%Operating Profit14,170 10,821 18,615 -24%56,734 57,716 -2%Operating Profit Margin %20.6%17.9%24.9%20.9%23.7%Other income574 399 78- 1,747 716 EBITDA7,618 6,325 10,699 -29%31,902 31,480 1%EBITDA Margin11.1%10.5%14.3%11.7%12.9%Finance costs955 1,333 1,123 5,361 4,780 12%Cash Profit6,663 4,992 9,576 -30%26,541 26,700 -1%Cash Profit Margin9.7%8.3%12.8%9.8%11.0%Depreciation and amortisation expense1282248014987817703411%Profit Before Tax538125128078-33%1872419666-5%Tax expense:281186142326954344Exceptional Item1773481122925751300Profit After Tax510023266655-23%1345414022-4%Other Comprehensive Income/(Loss) 632(154)88104Comprehensive Income for the period3333187752011354214126Paid-up Equity Share Capital 45054505434245054342Earning per Share11.495.315.16-24%36.135.13%Cash EPS14.7911.122.05-33%58.961.5-4%For Year EndedQuarter Ended Balance Sheet : Q4 FY 2023 (standalone)
INR Lakhs
22
Sangam (India) Limited
Particulars31.03.202331.03.2022ASSETSNon-Current AssetsProperty, Plant and Equipment 65,013 59,475 Capital Work-in-Progress 21,672 7,098 Other Non-Current Assets 19,028 9,049 Total Non-Current Assets 1,05,713 75,622 Current Assets 1,05,532 1,06,604 Inventories 50,959 52,797 Investments 686 Trade Receivables 35,236 37,643 Cash & Bank Balance 2,793 2,126 Other Current Assets 15,858 14,038 Total Assets 2,11,245 1,82,226 EQUITY AND LIABILITIESTotal Equity 88,740 71,621 Non-Current Liabilities 36,688 22,060 Borrowings 32,366 18,055 Lease Liability 57 219 Other Financial Liabilities 1,011 Deferred Tax Liabilities (Net) 3,254 3,786 Current Liabilities 85,817 88,545 Borrowings 48,420 57,984 Trade Payables 22,415 13,370 Other Current Liabilities 14,982 17,191 Total Equity and Liabilities 2,11,245 1,82,226 For the Year Cash Flow Statement : Q4 FY 2023 (standalone)
INR Lakhs
23
Sangam (India) Limited
Particulars31.03.202331.03.2022Cash Flow from Operating ActivitiesNet Profit Before Tax16,149 18,436 Depreciation and Amortisation Expense7,817 7,034 Finance Costs5,361 4,780 Other Items 1,296 1,855 Operating Profit before working capital changes 30,623 32,105 Movements in Working Capital -6,935 -2,718 Cash Generated from Operations 23,688 29,387 Taxes Paid / (Refund) (Net) 4,342 4,540 Net Cash Inflow / (Out Flow) from Operating Activities 19,346 24,847 Cash Flow from Investing ActivitiesPurchase of Fixed Assets-31,865 -20,104 Sale of Fixed Assets1,823 865 Other Items -3,204 -431 Net Cash Inflow / (Outflow) from Investing Activities-33,246 -19,670 Cash Flow from Financing ActivitiesProceeds from issue of Share/ Warrant -225 2,000 Net/Repayment of Long Term Borrowings 14,311 -2,384 Increase / (Decrease) in Short- Term Borrowings5,806 987 Finance Costs -5,331 -4,796 Dividend Paid (Including Tax on Dividend) -893 -433 Net Cash Inflow / (Out Flow) from Financing Activities14,568 -4,061 Net Increase/(Decrease) in Cash & Cash equivalents667 1,116 Cash and Cash Equivalents at the Beginning2126 1006Add: Upon Amalgamation of Subsidiary Company4Cash and Cash Equivalents at the End2793 2126 SANGAM Way Forward
On Going Expansion Plan
1. Cotton Expansion Project : outlay of 138 cr: it will add yarn capacity of 10,500 MT PA and expected COD in Quarter 2 FY 23-24 .
2. Garment Project : outlay of 157 cr, 106 machines under wholly owned subsidiary SVL: project will be commenced in phase manner and final COD expected in Dec 2023.
3. Denim Expansion Project : costs outlay INR180 cr – 81 Looms for Denim Fabric manufacturing for captive consumption and expected COD is Oct 23
4. PV Fabric Expansion Project I : company has envisaged further expansion in weaving unit with project out lay of 108cr, putting 67 new advance technology looms and expected COD is Oct 23.
5. PV Fabric Expansion Project II : company has envisaged further expansion in weaving unit with project out lay of INR178 cr, and expected COD in Q3 2024.
6. Yarn Expansion Project : company has envisaged further expansion in Spinning unit with project out lay of 327cr, putting 9120 Spindles in cotton yarn & 2400 Open End Rotors and expected COD in Q2 2025.
24
Sangam (India) Limited
Shareholding Pattern As on 31.03.2023
March-23
30%
70%
Dec-22
30%
70%
Promoters
FIIs
DIIs
Public
Promoters
FIIs
DIIs
Public
Sep-22
30%
70%
Jun-22
39%
61%
Promoters
FIIs
DIIs
Public
Promoters
FIIs
DIIs
Public
25
Sangam (India) Limited
SANGAM : External Credit Rating
26
Sangam (India) Limited
Rating Issued on 23.03.2022Name of the Rating Agency :DateLong Term FacilitiesShort Term Facilities 03.02.21Ø Affirmed at ‘IND A’ Outlook StableØ Affirmed at ‘IND A1’ 11.12.19Ø Affirmed at ‘IND A’ Outlook NegativeØ Affirmed at ‘IND A1’ 29.11.18Ø Downgraded to ‘IND A’Ø Affirmed at ‘IND A1’ 13.10.17Ø Affirmed at ‘IND A+’Ø Downgraded to ‘IND A1’ 26.10.16Ø Affirmed at ‘IND A+’Ø Affirmed at ‘IND A1+’01.10.15Ø Upgraded to ‘IND A+’Ø Upgraded to ‘IND A1+’13.09.14Ø Upgraded to ‘IND A-’Ø Upgraded to ‘IND A1’04.12.13Ø Upgraded to ‘CARE BBB+’Ø Upgraded to ‘CARE A2’India Ratings and Research Pvt. Limited (A Fitch Group Company)Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.Earlier Company was Rated Thank you
27
Sangam (India) Limited