Sangam (India) Ltd. share price target

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Established in 1984, Sangam India Ltd. is the flagship company of Sangam Group a Rs. 4,000 crores + business conglomerate having diverse business interests across textiles, steel, infrastructure, power and energy sectors. Mr. RP Soni, Chairman & First Generation entrepreneur, leads the Group. Sangam ranks among the leading players in Indian textiles sector with presence in PV (polyester viscose), dyed yarn and fabrics. One of market leaders in PV dyed yarn with 25% share.Today, SIL is a leading manufacturer of PV yarn...

The Company's topline declined on qoq basis by 11.% to touch Rs. 356 crores in Q3FY16 due to fall in Commodity prices. However, there was no degrowth witnessed in volumes. On yoy basis too, topline declined marginally by 3.4%. Increased integration focus on exports helped the company in maintaining realisations, despite falling prices. Commodity prices continue to soften globally over the last couple of months and yet we have managed to contain its impact on our revenues. Significantly, the...

Established in 1984, Sangam India Ltd. is the flagship company of Sangam Group a Rs. 4,000 crores + business conglomerate having diverse business interests across textiles, steel, infrastructure, power and energy sectors. Mr. RP Soni, Chairman & First Generation entrepreneur, leads the Group. Sangam ranks among the leading players in Indian textiles sector with presence in PV (polyester viscose), dyed yarn and fabrics. One of market leaders in PV dyed yarn with 25% share.Today, SIL is a leading manufacturer of PV yarn...

The Company is among the leading textiles companies in India with presence in PV (polyester viscose) dyed yarn and fabrics. It is the largest producer of PV dyed yarn in Asia at a single location with 25 percent market share in India. The Company is the largest player in Indian dyed PV yarn with around 35 mn kgs annual production. Engaged in the manufacturing of woven fabrics which are mainly used for suits and trousers and are sold in the domestic market. It is a fully integrated player from yarn to branded garments. The Company has manufacturing facilities at Biliya - Bhilwara, Sareri Bhilwara and Atun Bhilwara. The textile business has picked pace on favourable government policies to cotton price stabilization and demand push for the apparel sector. With the completion of the Denim expansion, the...