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/2026
Date: 22nd April, 2026
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: SANGAMIND
The Manager, Department of Corporate Services, BSE Ltd. Phiroze Jeejeebhoy Towers 25th Floor, Dalal Street, Mumbai - 400 001 Scrip Code: 514234
Dear Sir/Madam,
Sub.: Intimation to Stock Exchange – Investor Presentation in connection with Audited
Financial Results for the quarter & year ended 31st March, 2026.
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 the Audited Financial Results for the quarter & year ended 31st March, 2026. The same the company at www.sangamgroup.com
is also available on
the website of
Kindly take the above on your record.
Yours faithfully For Sangam (India) Limited
(Arjun Agal) Company Secretary & Compliance Officer ICSI Mem No. 74400
Registered Office : Sangam House, Atun, Chittorgarh Road, Bhilwara - 311001 (Raj.) INDIA
Sangam (India) Limited
Earnings Presentation
Q4 & FY26
Disclaimer
The presentation has been prepared by Sangam (India) Limited (the “Company”) solely for information purposes and does not constitute an offer to sell or recommendation or solicitation of an offer to subscribe for or purchase any securities and nothing contained herein shall form the basis of any contract or commitment whatsoever. By accessing this presentation, you are agreeing to be bound by the trading restrictions.
The information contained in this presentation should be considered in the context of the circumstances prevailing at the time and has not been, and will not be, updated to reflect material developments which may occur after the date of the presentation. The information set out herein may be subject to updating, completion, revision, verification and amendment and such information may change materially. This presentation is based on the economic, regulatory, market and other conditions as in effect on the date hereof. It should be understood that subsequent developments may affect the information contained in this presentation, which neither the Company nor its affiliates, advisors or representatives are under an obligation to update, revise or affirm.
Certain statements contained in this presentation may be statements of the Company’s beliefs, plans and expectations about the future and other forward- looking statements. The forward-looking statements are based on management’s current expectations or beliefs as well as a number of assumptions about the Company’s operations and factors beyond the Company’s control or third-party sources and involve known and unknown risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. Forward looking statements contained in this presentation regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. There is no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You should not place undue reliance on forward looking statements, which speak only as of the date of this presentation.
The Company, as such, makes no representation or warranty, express or implied, as to, and does not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information or opinions contained herein. You acknowledge and agree that the Company and/or its affiliated companies and/or their respective employees and/or agents have no responsibility or liability (express or implied) whatsoever and howsoever arising (including, without limitation for any claim, proceedings, action, suits, losses, expenses, damages or costs) which may be brought against or suffered by any person as a result of acting in reliance upon the whole or any part of the contents of this presentation and neither the Company, its affiliated companies nor their respective employees or agents accepts any liability for any error, omission or misstatement, negligent or otherwise, in this presentation and any liability in respect of the presentation or any inaccuracy therein or omission therefrom which might otherwise arise is hereby expressly disclaimed.
2
Table of Content
Q4 & FY26 Performance
Company Overview
Strategic Updates
Annexures
3
Q4 & FY26 Performance
4
Management Commentary
Q 4 F Y 2 6
F Y 2 6
Revenue
Rs. 880 Cr Up 17.9% YoY
Rs. 3,243 Cr Up 12.9% YoY
Gross Margin
Rs. 357 Cr 40.6% Margin Up 28.4% YoY
Rs. 1,301 Cr 40.1% Margin Up 13.1% YoY
EBITDA
Rs. 98 Cr 11.2% Margin Up 40.7% YoY
Rs. 329 Cr 10.1% Margin Up 26.4% YoY
PAT
Rs. 33 Cr 3.7% Margin Up 245.3% YoY
Rs. 83 Cr 2.5% Margin Up 159.7% YoY
FY26 has been a landmark year for Sangam (India) Ltd., driven by disciplined strategic execution, a higher proportion of value-added product (VAP) segments, and a strong focus on sustainability and innovation.
We achieved a 12.9% YoY revenue growth, reaching Rs. 3,243 crore, supported by healthy volume expansion and sustained demand across key domestic and global markets. Our gross margin of 40.1% reflects continued efforts toward cost optimization, operational efficiency, and an improved product mix. PAT increased to Rs. 83 crore and margins expanding by ~240 basis points, reflecting the combined impact of operating leverage, better cost control, and an improved business mix.
Strategic milestones marked our progress during the year: • Continued expansion in renewable energy initiatives, including key power agreements. • Strengthened global footprint, with exports reaching an all-time high of Rs. 1,167 crore, reflecting deeper market penetration.
We also maintain a strong liquidity position with treasury investment and cash and cash equivalent of Rs 195 crore, providing financial flexibility and reinforcing balance sheet resilience.
As we look ahead, our focus remains clear: to further strengthen our position as a trusted, integrated textile player, creating long-term value through innovation, operational agility, sustainability, and a customer-centric 5 growth strategy.
MR. RAM PAL SONI Founder & Chairman
Historical Income Statement
Particulars (in Rs. Cr)
Q4 FY26
Q4 FY25
YoY
Revenue*
Gross Margin
880
357
746
278
17.9%
28.4%
FY26
3,243
1,301
FY25
2,872
1,151
Gross Margin (%)
40.6%
37.3%
329 bps
40.1%
40.1%
EBITDA
EBITDA Margin %
Depreciation
Profit Before Interest & Tax
Interest
Exceptional Items
Profit Before Tax
Tax
Profit After Tax
Basic EPS (Rs)
Diluted EPS (Rs)
98
11.2%
70
9.3%
40.7%
329
180 bps
10.1%
25
74
27
2
45
12
33
6.54
6.54
30
40
25
2
13
3
10
1.89
1.89
(17.9)%
84.5%
5.7%
0.0%
252.2%
272.3%
245.3%
245.3%
245.3%
95
233
114
7
113
30
83
16.44
16.44
260
9.1%
114
146
95
7
44
12
32
6.33
6.33
YoY
12.9%
13.1%
6 bps
26.4%
109 bps
(16.7)%
60.4%
20.4%
0.0%
155.3%
143.8%
159.7%
159.7%
159.7%
*Note: Revenue is inclusive of Other Incomes
6
Supporting Strong Debt Servicing Capability
Debt Repayment Schedule
Interest Coverage Ratio (x)
Net Debt/ Equity (x)
(In Rs. Cr)
144
144
4.9
129
3.9
90
76
1.7
1.5
2.0
1.0
0.9
0.8
1.1
1.1
1.1
FY 26
FY 27
FY 28
FY 29
FY30
FY22
FY23
FY24
FY25
FY26
FY 21
FY 22
FY 23
FY 24
FY25
FY26
7
Working Capital Efficiency Strengthened
137
Working Capital Cycle
96
95
108
105
78
42
72
49
49
47
56
59
87
87
98
62
65
FY21
FY22
FY23
FY24
FY25
FY26
Inventory Days
Recievable Days
Payable Days
WC days improved to 55 in FY26 from 80 in FY25, driven by faster inventory turnover, and improved payable terms, reflecting stronger cash flow management.
8
Major Renewable Energy Boost
Agreement with CGE II Hybrid Energy Pvt. Ltd.
EPC Contract with IB Vogt Solar India Pvt. Ltd.
12 MW additional hybrid energy capacity - Commenced in March, 2026.
Total annual savings projection of ₹10 Crore
18 MW additional solar energy capacity is proposed – Commencing by Q2 FY27
Total annual savings projection of ₹22 Crore
Existing renewable energy capacities: 19 MW Solar + 5 MW Wind + 12 MW additional hybrid energy + 18 MW additional solar energy
Investment supports sustainability via renewable energy sourcing
9
Major Renewable Energy Boost
• Additional Capacity: 20 MW Hybrid (Solar +
Wind)
• Expected Commercial Operation Date: April,
2027
• Expected Annual Savings: Rs. 26 Crores
Hybrid Renewable Capacity Expansion: Investment Rationale
Power Cost Optimization Long-term renewable sourcing reduces grid dependence and tariff volatility, ensuring stable and efficient power costs over the project life.
ESG & Sustainability Alignment Increases renewable energy usage, strengthening ESG positioning and supporting long-term clean energy commitments through the SPV.
Annuity-Style Returns Captive power structure ensures steady, predictable cash flows, delivering clear return visibility and stable annuity-like earnings.
10
Production Quantity & Capacity Utilization %
Yarn (MT)
Green Fibre (MT)
PV Fabric (Lakh Meter)
Denim Fabric (Lakh Meter)
Garment (Lakh pcs)
Q4FY26
95%
Q3FY26
91%
Q4FY26
97%
Q3FY26
97%
24358
23,636
Q2FY26
92%
24,470
Q2FY26
Q4FY26
95%
Q3FY26
90%
3,675
3,787
Q2FY26
94%
Q4FY26
175
Q3FY26
168
Q2FY26
162
98%
93%
86%
Q1FY26
82%
21,226
Q1FY26
Q1FY26
75%
Q1FY26
92%
129
Q4FY25
87%
Q4FY25
21,876
Q4FY25
88%
Q4FY25
93%
144
Capacity Utilization
Capacity Utilization
Production Quantity
Production Quantity
Capacity Utilization
Production Quantity
Capacity Utilization
Production Quantity
Note: 1. Capacity Utilization % has been calculated on the basis of machine run-time hours 2. Certain figures have been reinstated.
Q4FY26
49%
Q3FY26
34%
136
132
15
14
Q2FY26
18%
9
112
Q1FY26
20%
Q4FY25
24%
6
7
118
130
Capacity Utilization
Production Quantity
11
Consistent Growth Trajectory
Revenue Trajectory
Delivering Consistent Growth
803
785
775
746
70
70
85
76
880
98
33
Q4FY25
Q1FY26
Q2FY26
Q3FY26
Q4FY26
Q4FY25
Q1FY26
Q2FY26
Q3FY26
Q4FY26
23
24
10
2
Revenue
EBITDA
PAT
12
Strategy and Outlook
Vertical Integration: Expanding share of VAP
Export Potential: Global Tailwinds
Operational Synergy
132Cr
1,369Cr
FY21
+26.4%
329 Cr
260 Cr
+12.9%
3,243 Cr
2,872 Cr
FY25
FY26
Indicators -
Revenue
EBITDA
13
Company Overview
14
Sangam: Fully-integrated Textiles Operations
Strong Expertise: 40+ years of leadership in the textile industry, built on integration, innovation, and quality
India’s largest, fastest growing and most trusted brand in Textile Sector
Diverse & End-to-End Portfolio: Leading manufacturer of PV Dyed Yarn and Denim, with offerings across grey yarn, cotton blends, knitted fabrics, and garments
Rs. 3,243 Cr Revenue FY26
Rs. 329 Cr EBITDA FY26
Rs. 83 Cr PAT FY26
Cutting-Edge Infrastructure & Workforce: 6 state-of-the-art plants in Rajasthan backed by 11,000+ employees, including 10,000+ skilled professionals
Global Reach & Marquee Clients: Presence in 50+ countries, catering to Walmart, Primark, Jockey, Mango, Decathalon and many more
Flagship Brands: Sangam Suiting, Sangam Denim, and C9 Air Wear — trusted names in fashion and lifestyle
ESG Commitment: 19 MW of capacity of solar at 5 locations and a 5 MW wind plant underscore a strong push toward sustainable energy
Product Offerings
(% of Revenue) As of Q4 FY26
PV and Cotton Yarn: 51%
Woven Fabric: 18%
Denim Fabric: 28%
Garment: 3%
19% Revenue CAGR (FY21-26)
20% EBITDA CAGR (FY21-26)
83% PAT CAGR (FY21-26)
Location16
Facilities
Capacities
Atun, Bhilwara
Weaving, Processing & Garment Plant
Seamless Garment (10.60 MPPA) + Weaving (54MMPA) + Fabric Processing (76MMPA)
Biliya Kalan, Bhilwara
Biliya Kalan, Bhilwara
Denim Weaving & Processing Plant
60 MMPA
Spinning Plant Unit-I
28,800 MTPA (Spinning)
Sareri, Bhilwara
Spinning Plant Unit-II
71,820 MTPA (Spinning + Rotors + Knitting)
Soniyana, Chittorgarh
Lambia Kalan, Bhilwara
Spinning Plant Unit-III
9000 MTPA
Fibre Plant
16,020 MTPA (45 TPD)
15
Business Model
Spinning
Knitting & Weaving
Garmenting
Overview
Produces cotton, PV, fancy, and indigo yarns - catering to varied fiber needs and fabric applications
Converts yarn into knitted and woven fabrics - denim, shirting, and performance knits - for fashion and utility use
Uses seamless tech for C9 activewear, innerwear, and shapewear enabling forward integration and value capture
Key Products
Capacities
•
• •
•
•
•
PV Yarn (Polyester/Viscose and blends) Cotton Yarn (Ring and open-end) Fancy Yarn (Blends with wool, linen, acrylic, etc.) Indigo Dyed Yarn
•
Knitted Fabric: Jersey, rib, interlock, pique, loop terry, indigo knits
• Woven Fabric:
- Suiting's/Shirting: Polyester blends, 100% PV Lycra, PV/cotton/viscose/spandex - Denim Fabric: Rigid and stretch denim using cotton, polyester blends, and modal
•
•
Seamless Garments: Leggings, sportswear, activewear, innerwear, and shapewear In-house C9 Airwear Brand: Women's lifestyle and performance wear
3,06,864 Spindles - capacity of 85,140 MTPA 4,584 Rotors - capacity of 19,080 MTPA
•
•
32 Knitting machines - 5,400 MTPA capacity 298 denim weaving looms and 304 weaving looms
•
114 seamless knitting machines with a 10.60 MPPA
16
Textile Sector – Overview
India’s Textile Market Size (US$ Bn)
Domestic Textile and Apparel Industry in India (US$ Bn)
Textiles and Apparels Exports from India (US$ Bn)
350
250
100
223
197
165
160
125
75
37
35
37
FY21
FY22
FY23
FY30 (F)
FY21
FY22
FY23
FY30 (F)
FY23
FY24
FY25
FY30 (F)
India’s textile market is set to grow, fueled by:
• Strong domestic demand driven by urban markets contributing ~65% of textile and apparel sales, while rural markets, accounting for ~35%, are expanding faster with a 17% YoY rise in spending versus 12% in urban areas.
• Government policy support, including schemes like PLI which has a ₹10,683Cr outlay.
• A growing shift toward sustainable,
premium, and design-led textiles with the sustainable fashion market growing to ~$200 Billion by FY30.
India’s domestic textile and apparel market is projected to grow, driven by:
• An increasing fashion-conscious youth demographic- Fast Fashion industry is projected to grow at CAGR ~16.7%.
• Rapid urbanization and lifestyle shifts
with middle class population projected to grow to 38% (vs current 31%) by FY31.
• A strong push for locally manufactured products under Make in India initiatives – to boost share of manufacturing in India’s GDP from 16% to 25%
Source: Ministry of Textiles; Media sources; NSSO data; Press Information Bureau
India’s textile and apparel exports are expected to grow, supported by:
• Shifting global demand toward alternative
sourcing destinations - India’s apparel exports grew 11.3% YoY in May 2025, driven by Western buyers shifting away from China and Bangladesh to diversify supply chains.
• Free Trade Agreements (FTAs) unlocking new markets -The India–UK FTA is set to spur 13% CAGR in textile exports, granting 99% of products duty-free access. Broader FTA expansion is poised to drive multi-market export growth.
17
USPs/ Competitive Advantage
1
Balanced Portfolio. De-Risked Operations
2
Driving Margins Through Strategic Value Addition
3
High-Value Client Relationships
4
Globally Recognized Accreditations
5
Recognized Four Star Export House
18
Balanced Portfolio. De-Risked Operations.
Multi-Segment Presence (% of sales)
Strong Domestic & Export Mix
3%
18%
24%
Cotton Yarn
PV Yarn
28%
27%
Denim Fabric
Woven Fabic with processing
Garment
3%
19%
23%
Cotton Yarn
PV Yarn
28%
27%
Denim Fabric
Woven Fabic with processing
Garment
Exports 35%
Exports 36%
Domestic
Exports
Domestic 65%
Domestic
Exports
Domestic 64%
19
Driving Margins Through Strategic Value Addition
42%
1%
40%
42%
1%
43%
Value Added Products and Gross Margin %
44%
1%
45%
45%
3%
43%
41%
40%
41%
45%
45%
45%
50%
53%
50%
50%
59%
56%
54%
55%
52%
50%
47%
50%
50%
FY18
FY19
FY20
FY21
FY22
FY23
FY24
FY25
FY26
Yarn
Fabric and Garment
Others
Gross Profit Margin
From Volume to Value: Sangam enters its next growth chapter with a margin-first mindset.
20
High-Value Client Relationships
21
Globally Recognized Accreditations
QUALITY MANAGEMENT SYSTEMS CERTIFICATIONS
QUALITY MANAGEMENT SYSTEMS CERTIFICATIONS
SOCIAL ACCOUNTABILITY STANDARDS
GLOBAL RECYCLED STANDARD
ORGANIC CONTENT STANDARD
GLOBAL ORGANIC TEXTILE STANDARD
22
Recognized Four Star Export House
Sangam (India) Limited has been recognized as a four-star export house
Exports (in Rs. Crore)
1,109
1,167
921
867
757
470
423
FY 20
FY 21
FY 22
FY 23
FY 24
FY25
FY26
23
Strategic Updates
24
Strategic Backward Integration for a Sustainable Value Chain
PET Bottle Flakes
Backward Integration & Cost Leadership: Ensures stable recycled fibre supply, reducing input costs and strengthening competitiveness.
Sustainability as a Growth Driver: Aligns with global brands’ recycled mandates, unlocking stronger export potential.
Operational Efficiency: Co-location with yarn unit cuts logistics cost and speeds up turnaround.
ESG Leadership: Expands recycled material use, reinforcing ESG and circular economy focus.
Recycled Polyester Fibre
Installed Capacity: 45 TPD (16,020 MT per annum)
• • Output Coverage: Meets ~50% of daily Polyester Fibre requirement
25
Yarn - Improving The Mix
Key Highlights
Performance & Features
Leader in PV dyed yarn in India
Yarn (as a % of Revenue)
Export yarn to 33+ countries. Established Distribution Network
39
Yarn Produced: Cotton & PV Dyed. Manufacturer of 100% cotton Yarn, Core Spun Yarn, Eli Twist Yarn & Slub Yarn
34
34
16
18
16
29
18
26
23
27
23
Latest technology for producing and exporting high quality cotton yarn with different fiber blends
FY21
FY22
FY23
FY24
FY25
FY26
PV Yarn
Cotton Yarn
Plant Capacity & Locations
Biliya Kalan
Soniyana
Sareri
96,864
Spindles
No. of Customers (Q4 FY26)
26,736
1,83,264
4,584
32
Spindles
Spindles
Rotors
Knitting Machines
274
101
109,620 MTPA
PV Yarn
Cotton Yarn
Yarn Capacity
26
Denim Fabric – Revenue increased 3.04x in 6 years
Key Highlights
Performance & Features
One of the largest exporter with exports to 25+ countries and market leader of Denim Fabric in country
Producers of wide range of denim fabric ranging from 4Ozs to 15Ozs
Working with value added yarns taking advantage of in-house yarn capabilities
R&D driven, sustainable product range encompasses Basic, Twills, Broken, Satins, Denim Shirting, Fancy Dobby and Regular Dobby
Very strong domestic market position while working with leading brands internationally and domestically
Latest finishing technique such as Flat, Thermo, Mill Wash, Calendar, Over Dyed
Denim Fabric (as a % of Revenue)
26
25
21
28
29
28
FY21
FY22
FY23
FY24
FY25
FY26
as of March 2026 Capacity
60 Million meters/annum
Denim Fabric production capacity
5 Indigo processing lines
with 298 weaving machines and 1 Rope Dyeing for denim fabric weaving
181
No of Customers (Q4 FY26)
27
Synthetic Fabric – Significant Market Share
Key Highlights
Performance & Features
One of the largest exporter and market leader of PV fabric in country
Synthetic Fabric with Processing (as a % of Revenue)
Significant market share in processing PV, PV Lycra, PVW, Polyester woolen & 100% wool
22
22
22
Export to 45+ countries
19
19
19
Very strong domestic market position while working with leading brands internationally and domestically.
FY21
FY22
FY23
FY24
FY25
FY26
as of March 2026 Capacity
Unique Features
304 Weaving Machines, 7 Stenters and 52 Chambers
54 MMPA
76 MMPA
Fabric Weaving
Fabric Weaving
Fabric Processing
State-of-the-art computerized designing and high-speed air jet Weaving Machines
No of customers (in Q4 FY26): 488
Manufacturer of finest fabrics in polyester, viscose and other blended fibers
Working with value added yarns taking advantage of in-house yarn capabilities
28
Garment – Revenue increased 3.55x in 6 years
Key Highlights
Performance & Features
India’s largest manufacturers of Seamless Garments- C9
Garment (as a % of Revenue)
Athleisure wear, Intimate wear and Casual Wear
3
3
3
3
3
2,000+ touch points.
2
Cutting edge machinery sourced from Santoni, Italy
Product range: encompasses variety of blends as well as natural fibers
FY21
FY22
FY23
FY24
FY25
FY26
Plant Capacity & Locations
254 crore seconds/annum
114
239
Garment manufacturing capacity
Seamless garment knitting machines
No of Customers (Q4 FY26)
29
Strategic Priorities
Value-Added Product Expansion
Operational Efficiency
Working Capital
Customer Centricity
Technology & Automation
Accelerate shift to fabrics, seamless wear & branded apparel for higher margins.
Deploy automation, digitization, and green energy to cut costs, boost uptime, and optimize resources.
Optimize working capital through integration and efficient cash flow across all business verticals.
Ensure quality, design agility, and timely delivery while using buyer feedback to refine products and services.
30
Significant Focus on Sustainability and CSR
Recycle
30,000MT p.a. of recycled fiber comes through recycling of 38,400MT plastic waste
Consuming 12,500MT p.a. cotton & other waste minimizing environmental footprint
Empowering Community
Established Institutes and University
Renewable Energy
Water Consumption
5 plant locations, generating 19 MW of solar power
3 effluent treatment plants
Established NABH- certified hospital
5 MW wind energy facility
4 sewage treatment plants
31
Annexures
32
Our Strong Leadership
MR. R. P. SONI Chairman
DR. S. N. MODANI Vice Chairman
➢ Founder & Chairman of Sangam India Ltd.; ~40 years of experience in textiles; known for strong business acumen
➢ Built one of the world’s largest textiles
businesses with a proven track record in scaling operations and creating a globally competitive textile platform
➢ With Sangam since 1989; PhD in Strategic Management, M.Sc. (Chemistry), MBA
➢ Extensive industry leadership with decades
of leadership across premier textile institutions (RTMA, ICMA) and key national forums including FICCI, shaping sectoral thought and policy direction
➢ Leads the fabrics and garment vertical,
driving integrated scale across manufacturing, product development and market expansion
MR. V. K. SODANI Executive Director & CEO (Fabrics and Garment business)
➢ Focused on building differentiated offerings, strengthening brand presence and delivering operational excellence across domestic and global markets
CA S. R. DAKHERA CFO
MR. ANURAG SONI Managing Director
➢ Drives enterprise strategy, finance, and operations with a focus on growth, profitability, and disciplined capital allocation
➢ Building scalable, sustainable, and future-
ready business models through operational excellence and long-term value creation
➢ Leading strategic investments in
sustainability, technology upgradation, and product innovation to drive long-term value and industry leadership
MR. PRANAL MODANI CEO (Yarn & Denim Business)
➢ Expanding global footprint through export- led growth in denim and spinning, while enhancing operational resilience and cost competitiveness
➢ B.Sc. (Maths) from Rajasthan University;
Fellow Chartered Accountant
➢ Over 37 years of leadership experience across diverse industries, with deep expertise in financial strategy, capital allocation, risk management and driving disciplined, profitable growth
33
Well-Structured Board
MR. SUDHIR MAHESHWARI Independent Director
MRS. IRINA GARG Independent Director
MR. DINESH CHANDER PATWARI Independent Director
MR. UPENDRA PRASAD SINGH Independent Director
➢ With over 34 years of experience, he is the Founding and Managing Partner of Synergy Capital Corp. LLP, specializing in strategic and financial advisory.
➢ Previously served on the
Group Management Board of ArcelorMittal, where he held key leadership roles in Corporate Finance, Tax, and Risk Management.
➢ Served 35 years in the
➢ Served 36 years in the
Indian Revenue Service, retiring as Principal Chief Commissioner of Income Tax, Rajasthan under the Ministry of Finance.
➢ Holds a postgraduate
degree in Psychology and a PhD in Revenue Administration; completed an Executive Program at Wharton University, Pennsylvania.
Indian Revenue Service with a diverse career in income tax administration, including handling key investigations like the 1992 securities scam.
➢ Holds an MBA from IIM
Ahmedabad and completed a specialization in Treasury & Forex Management from ICFAI.
➢ Served over 37 years in the IAS (Odisha Cadre), retiring as Secretary, Ministry of Textiles, Government of India.
➢ Also held the position of Secretary, Department of Water Resources, River Development & Ganga Rejuvenation, Ministry of Jal Shakti, for over three years.
34
Historical Income Statement
Particulars (in Rs. Cr)
Revenue*
Total Expenditure
EBITDA
EBITDA Margin %
Depreciation
Exceptional Items
Profit Before Interest & Tax
Interest
Profit Before Tax
Tax
Profit After Tax
Basic EPS (Rs)
Diluted EPS (Rs)
FY21
1,369
1,237
132
9.6%
81
-
51
49
2
-2
4
1.0
1.0
FY22
2,445
2,130
315
12.9%
70
12
233
48
185
43
142
32.2
32.1
FY23
2,729
2,411
318
11.7%
79
26
213
54
159
29
130
29.4
27.3
FY24
2,641
2,413
228
8.6%
97
7
124
71
53
13
40
8.2
8.2
FY25
2,872
2,612
260
9.1%
114
7
139
95
44
12
32
6.3
6.3
*Note: 1. Revenue is inclusive of Other Incomes 2. Total Expenditure excluding Depreciation and Finance Cost
FY26
3,243
2,914
329
10.1%
95
7
227
114
113
30
83
16.4
16.4
35
Historical Balance Sheet
Particulars (in Rs. Cr)
FY21
FY22
FY23
FY24
FY25
FY26
Particulars (in Rs. Cr)
FY21
FY22
FY23
FY24
FY25
FY26
(a) Equity Share Capital
(b) Share Warrant
(c) Other Equity
Total Equity
Non-current Liabilities
Financial Liabilities
43
0
509
552
43
26
647
716
45
23
815
883
50
0
934
984
50
0
50
0
Non-Current Assets
Property, Plant and Equipment
586
957
1,007
1,026
1,076
Right of Use Assets
Capital Work in Progress
Other Intangible Assets
Intangible Assets under development
(a) Borrowing
204
181
340
619
722
719
Financial Assets
(b) Lease Liability Other Non-Current Liabilities & Provisions Deferred Tax Liabilities (Net)
Provisions
0
0
49
0
2
0
38
0
1
10
35
0
0
36
19
0
2
0
44
22
1
1
62
19
(a)
Investments
(b) Other Financial Assets
Other Non-Current Assets
Total Non-Current Asset
Total Non-Current Liabilities
253
221
385
675
789
803
Current Assets
Current Liabilities
(a) Borrowings
(b) Lease Liabilities
(c) Trade Payables
(d) Other Financial Liabilities
Provisions
Other current liabilities Current Tax Liabilities Total Current Liabilities Total Equity and Liabilities
385
0
116
74
17
10 0 603 1,409
426
1
287
132
19
18 4 887 1,824
484
2
227
137
23
19 0 892 2,161
446
1
427
145
37
0 15 1,070 2,729
413
1
603
113
17
0 13 1,159 2,955
557
1
698
147
16
16 0 1,436 3,315
Inventories
Investments
Trade Receivables
Cash and Cash Equivalents
Other financial assets
Current Tax Assets
Other current assets Assets Held for Sale Total Current Assets Total Assets
595
3
74
4
0
1
26
54
757
528
0
376
22
61
0
72 8
720
2
223
3
0
1
1,004
1,273
1,500
1
219
3
172
2
82
7
2
25
37
65
2
3
1
2
6
1
35
77
31
114
27
115
1094
1,372
1,570
1,719
513
7
353
28
56
7
102 0
669
10
448
28
68
9
124 0
576
79
518
52
35
5
122 0
587
129
637
66
64
4
109 0
0
9
5
0
0
10
6
615
376
0
280
10
55
6
66 0
794 1,409
1,067 1,824
1,067 2,161
1,357 2,729
1,386 2,955
1,596 3,315
36
Thank you
Sangam (India) Ltd
Name: Mr. Arjun Agal Tel: +91 9252145210 Email: arjunagal@sangamgroup.com
Investor Relations: Go India Advisors
Name: Ms. Mehal Gogia Tel: +91 9140969229 Email: mehal@goindiaadvisors.com
Name: Ms. Garima Singla Tel: +91 9780042377 Email: garima@goindiaadvisors.com