Synopsis: Sangam (India) Limited’s board, meeting on April 22, 2026, approved audited FY26 standalone results showing net profit of Rs. 85.70 crore.
Shares of a Bhilwara-based integrated textile manufacturer came into focus on Wednesday after its board approved full-year audited results alongside a dividend recommendation. The company’s standalone PAT for FY26 came in at Rs. 85.70 crore, a 212 percent jump over FY25’s Rs. 27.47 crore, driven by a material improvement in operating leverage as revenue crossed the Rs. 3,000 crore threshold for the first time.
With a market capitalization of Rs.2,739.69 crore, the shares of Sangam India Limited were trading at Rs.545.25, up 8.83 percent from its previous close of Rs.501. It is trading at a P/E of 42.49
On a standalone basis, revenue from operations for FY26 stood at Rs. 3,189.50 crore, up 12.2 percent from Rs. 2,843 crore in FY25. More notably, operating profit before exceptional items expanded to Rs. 123.21 crore from Rs. 45.44 crore in FY25, an increase of 171 percent as the company’s fixed-cost base absorbed a higher revenue base with improving margins.
Finance costs rose to Rs. 110.16 crore from Rs. 92.10 crore in FY25, reflecting higher working capital borrowings during the year. Depreciation fell slightly to Rs. 89.87 crore as older assets reached end of depreciable life. After tax of Rs. 30.87 crore, standalone PAT stood at Rs. 85.70 crore.
Q4 FY26 standalone was the strongest quarter of the year: revenue of Rs. 866.21 crore, operating profit of Rs. 47.52 crore before exceptional items, and PAT of Rs. 33.55 crore compared with Rs. 9.37 crore in Q4 FY25. The sequential trajectory shows consistent quarter-on-quarter improvement through FY26, with PAT moving from near-zero in the June quarter to Rs. 24.10 crore in Q3 and Rs. 33.55 crore in Q4.
On a consolidated basis which includes wholly owned subsidiary Sangam Ventures Limited, joint venture Goldenseams Sangam Private Limited, and associate Clean Max Kenai Private Limited, FY26 revenue came in at Rs. 3,234.53 crore and consolidated PAT at Rs. 82.60 crore.
The board has recommended a dividend of Rs. 2 per equity share of Rs. 10 face value for FY26, subject to shareholder approval at the upcoming Annual General Meeting. This is consistent with the company’s recent dividend history: Rs. 2 per share was also paid for FY25 and FY24. At the March 20 reference price of Rs. 435, the dividend yield works out to approximately 0.46 percent.
Business Overview
Sangam (India) Limited, incorporated in 1984, is one of India’s largest manufacturers of PV dyed yarn, PV fabric, denim fabric, and texturised yarn, operating out of its integrated manufacturing campus at Atun near Bhilwara, Rajasthan.
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