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Sangam (India) Ltd.

BSE: 514234 | NSE: SANGAMIND |

Shares falling in the `Trade-to-Trade` or `T-segment` are traded in this series and no intraday is allowed. This means trades can only be settled by accepting or giving the delivery of shares.
Series: BE | ISIN: INE495C01010 | SECTOR: Textiles - Spinning - Synthetic Blended

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BSE Live

Jan 29, 16:00
60.00 1.65 (2.83%)
Volume
AVERAGE VOLUME
5-Day
1,328
10-Day
1,041
30-Day
162,610
361
  • Prev. Close

    58.35

  • Open Price

    59.00

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Jan 29, 15:40
60.90 1.90 (3.22%)
Volume
AVERAGE VOLUME
5-Day
1,366
10-Day
2,329
30-Day
6,990
1,322
  • Prev. Close

    59.00

  • Open Price

    58.00

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    60.90 (50)

Annual Report

For Year :
2018 2016 2015 2014 2012 2011 2010 2004

Chairman's Speech

Dear Shareholders,

It gives me a good opportunity to connect with you through our annual report every year. The year went by saw us focussing on strengthening our core business amidst regulatory uncertainties that created a temporary curiosity.

India emerged as the fastest growing economy globally with a GDP of 6.7%. The year witnessed the implementation of one of the biggest economic reforms - the Goods and Service Tax (GST). The whole nation under the regime of one tax, initially had a wave of uncertainty set about its practical implementation. The textile industry was also no exception. But subsequently the teething problems were resolved and there was a smooth transition. This move will subsequently make the textile industry more organized and consolidate in the years to come. Right from the raw material suppliers to the end-consumers, a single tax regime will ensure smooth movement of business and benefitting the economy as a whole.

At Sangam, while we were already grappling with the raw material supplies post-demonetisation, GST implementation further posed as another temporary hurdle. Besides this, there was an increase in the power tariff from the Rajasthan Government, which led to an increase in power cost by 3.29%. All these combined, impacted the Company’s bottom line.

During the year under review, the net revenue increased from Rs.1,594 Crores in 2016-17 to Rs.1,638 Crores in 2017-18. EBIDTA changed from Rs.183 Crores in 2016-17 to Rs.134 Crores in 2017-18. The Net Profit declined from Rs.55 Crores in 2016-17 to Rs.30 Crores in 2017-18, largely attributable to the challenges faced during the year.

We at Sangam did not get fazed by the temporary hiccups. Instead, we continued to implement the strategic initiatives charted out in the previous year. We continued our focus on the seamless garment segment, as per the growth path laid down in the previous year. We aspire to be a key player in this segment where exists a huge growth potential owing to substantial proportion of young population, coupled with the rising aspirations of emerging India, consumption and affordability. We also foresee a huge scope beyond the urban metros, that upholds the power to fuel the nation’s economic engine. Besides, as a part of our capex plan of Rs.135 Crores, we installed a rope dyeing machine, 78 looms at our denim unit and initiated balancing and modernization of our existing units.

With our highly integrated business model across the value chain, right from yarn to branded garments, combined with ongoing modernization initiatives, we are evenly poised to benefit from the opportunities in the years to come. I appreciate the efforts and determination of the Team Sangam for positively accepting the challenges and moving ahead with a solution-centric approach. I would like to thank the investors and stakeholders for their unwavering trust. We hope to continue this association for the years to come.

Best Wishes,

R. P. Soni

Chairman