Sangam (india) Limited · NSE:SANGAMIND
Sangam (india) — Q3 FY25 Earnings Presentation
34 slides from Sangam (india)'s earnings presentation, Feb 13, 2025
Slide 1: Stock exchange intimation letter for 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/2024-25 Date: 13th February, 2025 The Manager, The Manager, Department of Corporate Services Department of Corporate Services, The National
Slide 2: Sangam (India) Limited Q3FY25 Earnings Presentation
Sangam (India) Limited Q3FY25 Earnings Presentation February 2025
Slide 3: Safe Harbor
Safe Harbor 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 basi
Slide 4: Index
INDEX Q3 & 9M FY25 Performance 4 Company Overview 13 Historic Performance 24 Awards & Certifications 29 3
Slide 5: Sangam: Weaving The Future
Sangam: Weaving The Future India’s largest, fastest growing and most trusted brand in Textile Sector Performance Metrics o One of the largest manufacturers of PV dyed Yarn and Denim Fabric. Rs. 2,123 Cr 25% o Strong Expertise: 4 decades of Industry experience. Revenue Revenue CAGR o Skilled Employee
Slide 6: Key Highlights: Q3 & 9M FY25
Key Highlights: Q3 & 9M FY25 o 10% revenue growth YoY in 9M FY25, driven Rs. 754 Cr Rs. 278 Cr Rs. 64 Cr by increased volumes. Q3 FY25 up 21% YoY 36.9% Margin 8.5% Margin o Gross margins for 9MFY25 maintained at over 40%. Revenue Gross Profit EBITDA o EBITDA margins improved to 8.8% in 9M FY25, up b
Slide 7: Diversified and De-Risk Business Model
Diversified and De-Risk Business Model Product Wise Sales Contribution Geographical Presence 15% 3% Rest of 27% World 42% Q3 FY25 31% India 58% 24% PV Yarn Cotton Yarn India Rest of World Denim Fabric Woven Fabic with processing Garment 19% 3% Rest of 25% World 38% 9M FY25 29% India 62% 24% PV Yarn
Slide 8: Value Addition Driving Margin Expansion
Value Addition Driving Margin Expansion Value Added Products and Gross Margin % 44% 45% 45% 43% 42% 42% 41% 41% 1% 1% 1% 3% Increased the revenue mix of value-added 40% 43% 45% 45% products, i.e. Fabric 45% 50% 53% 51% and Garment to 53% (during FY24) of total revenue, effectively mitigating market
Slide 9: Vision 2026: Moving up the Value Chain – Fabric & Garments
Vision 2026: Moving up the Value Chain – Fabric & Garments Revenue growth to be led by better Product Mix Vision for FY 2026 Topline Segment Wise Sales Rs. 4,000 Cr Contribution 61% FY24 Yarn FY26 47% Revenue 50% Revenue Rs. 2,628 Cr Fabric Rs. 4,000 Cr 1.5x of FY24 Revenue 33% Garment EBITDA Margin
Slide 10: Capacity Expansion to Drive Future Growth
Capacity Expansion to Drive Future Growth Machines Capacity Completion Capital (in Nos.) Project Particulars Timelines Outlay Post Post Current Current Expansion Expansion Weaving-48 Weaving-65 Synthetic Fabric Q4 FY25 Rs. 160 Cr MMPA MMPA Weaving Machines 260 340 Yarn Q1 FY26 Rs. 344 Cr 1,03,140 MT
Slide 11: Comfortable Debt Repayments
Comfortable Debt Repayments Interest Coverage Ratio (x) 5.0 4.1 o Debt repayment through internal accruals. o Capex plans to expand capacity and boost 1.7 1.2 1.2 0.8 1.5 revenue growth. FY19 FY20 FY21 FY22 FY23 FY24 9M FY25 Net Debt/ Equity (x) Debt Repayment Schedule (in Rs. Cr) 1.2 119 121 1.1 1.
Slide 12: Q3 FY25 & 9M FY25 Performance
Q3 FY25 & 9M FY25 Performance Particulars (Rs in Cr) Q3 FY25 Q2 FY25 Q3 FY24 YoY 9M FY25 9M FY24 YoY Revenue from Operations 754 676 621 21% 2,123 1,927 10% Gross Profit 278 293 246 13% 869 778 12% Gross Margin (%) 36.9% 43.4% 39.6% (269 bps) 41.0% 40.4% 57 bps EBITDA 64 56 48 32% 187 149 26% EBITDA
Slide 13: Secured PLI
Secured PLI PLI Eligible Company: Amongst the select textile companies to be eligible for the PLI scheme. Status: Approval obtained; the company is currently completing the remaining formalities. Sangam Ventures Limited (Subsidiary of Sangam (India) Scheme Duration: From December 24, 2021, to March
Slide 14: Company Overview
Company Overview 13
Slide 15: Sangam (India) Limited: Fully Integrated Textile Operations
Sangam (India) Limited: Fully Integrated Textile Operations Strong Presence in Rajasthan with 5 state of the art manufacturing facilities in Rajasthan Diverse product portfolio designed to meet evolving customer demands Fully integrated model from Yarn to Fabric to Garments, enabling a wide range of
Slide 16: Diverse Offerings
Diverse Offerings W E AV I N G A B E T T E R TO M O R R O W B Blends E Engineered S Shades T Te c h n o l o g y As an integrated player Integration facilitates Sangam has produced Integrated production company can manage, seamless coordination more than 20,000+ colors facility- Control over multi co
Slide 17: Leadership In India: PV Dyed Yarn
Leadership In India: PV Dyed Yarn • Grasim Industries Limited has 80-85% market share globally. • Sangam (India) Limited is the largest buyer of Viscose from Grasim. • Using this Viscose and taking benefit of in-house dying polyester it manufactures PV dyed yarn. 16
Slide 18: Yarn - Improving The Mix
Yarn - Improving The Mix Key Highlights Plant Locations In 1995 initiated backward o Leader in PV dyed yarn in India Biliya Kalan Soniyana integration into spinning o Price Maker o 96,864 Spindles • 26,736 o 3 Texturing Spindles o Export yarn to 34+ countries. Established Yarn Machines Distribution
Slide 19: Garment – Revenue increased 5x in 7 years
Garment – Revenue increased 5x in 7 years Key Highlights Capacity (as of Dec 2024) Garment o India’s largest manufacturers of o 251.94 crore seconds pa garment (as a % of Revenue) Seamless Garments- C9 manufacturing capacity o Athleisure wear, Intimate wear and Casual 3 3 3 Wear o 114 seamless garme
Slide 20: Denim Fabric – Revenue increased 2.5x in 7 years
Denim Fabric – Revenue increased 2.5x in 7 years Key Highlights Capacity (as of Dec 2024) Denim Fabric o One of the largest exporter with exports (as a % of Revenue) o 60 Million meters per annum Denim Fabric to 25+ countries and market leader of production capacity Denim Fabric in country. 28 o Pro
Slide 21: Our Customers
| Our Customers @ Value through values M&S Bes 79555" NKAR [LAP elo SINCE 19¢ JOCKEY A?_—_‘Jorin Pavers QUESTS «LOVEGEN = ésrsive DECATHLON NEXT Walmart>'< —fNaBita BREESE yousta. _JACKEJONES ©. PETER ENGLAND MANGO LC WealKiKl PRIMARK’ PRIMABRANDS Refiance RETAIL
Slide 22: Our Strong Leadership
Our Strong Leadership MR. RAM PAL SONI DR. S.N. MODANI MR. VINOD KUMAR SODANI MR. ANURAG SONI MR. PRANAL MODANI CA S. R. DAKHERA Founder & Chairman Vice Chairman ED & CEO Managing Director CEO CFO (Fabric & Garment Business) (Yarn & Denim Business) 40 years of rich experience Holds a Ph.D. in strate
Slide 23: Well-Structured Board
Well-Structured Board MR. SUDHIR MAHESHWARI MS. IRINA GARG MR. DINESH CHANDER PATWARI MR. UPENDRA PRASAD SINGH Independent Director Independent Director Independent Director Independent Director With a 34-year long career currently he After serving as IRS Income Tax officer Served for 36 years in In
Slide 24: Significant Focus on Sustainability and CSR
Significant Focus on Sustainability and CSR Recycle Empowering Renewable Energy Water community Consumption 30,000MT p.a. of recycled fiber comes 3 solar power Established Institutes 3 effluent treatment through recycling of plants, generating and University plants 38,400MT plastic waste 16 MW of po
Slide 25: Financial & Operational Performance
Financial & Operational Performance 24
Slide 26: Historical Income Statement
Historical Income Statement Particulars (in Rs. Cr) FY19 FY 20 FY 21 FY 22 FY 23 FY 24 9M FY25 Revenue from Operations 1,874 1,790 1,359 2,438 2,712 2,628 2,123 Total Expenditure 1714 1,629 1,237 2,130 2,411 2,413 1,936 EBITDA 159 162 122 307 302 215 187 EBITDA Margin % 8.5% 9.0% 9.0% 12.6% 11.1% 8.
Slide 27: Historical Balance Sheet
Historical Balance Sheet Particulars (in Rs. Cr) FY 19 FY 20 FY 21 FY 22 FY 23 FY24 Particulars (in Rs. Cr) FY 19 FY 20 FY 21 FY 22 FY 23 FY24 (a) Equity Share Capital 39 39 43 43 45 50 Non-Current Assets (b) Share Warrant - - - 26 23 - Property, Plant and Equipment 648 615 586 595 720 1,004 (c) Oth
Slide 28: Production Quantity & Capacity Utilization %
Production Quantity & Capacity Utilization % Yarn (MT) PV Fabric (Lakh Meter) Denim Fabric (Lakh Meter) Garment (Lakh pcs) Q3FY25 77% Q3FY25 73% Q3FY25 89% Q3FY25 36% 82 120 9 21,087 Q2FY25 79% Q2FY25 96% Q2FY25 90% Q2FY25 46% 108 116 11 21,513 Q1FY25 80% Q1FY25 84% Q1FY25 94% Q1FY25 50% 21,228 93 1
Slide 29: Product wise price realization
Product wise price realization Yarn (INR/kg) PV Fabric (INR/Meter) 289 273 141 128 130 129 247 264 245 230 229 110 116 110 110 111 117 111 117 118 220 208 217 225 230 232 Q1FY25 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q2FY25 Q3FY25 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4F
Slide 30: Awards & Certifications
@ Value through values Awards & Certifications 29
Slide 31: Awards And Recognitions
Awards And Recognitions TEXPROCIL Export TEXPROCIL Export “Rajasthan Energy Rajasthan State Award 2022-23 Award 2016-17 Conservation Award” Award 2008 for Export Gold Trophy for the Gold Plaque for the 2009-10 by Hon’ble Ex- Excellence in textile Highest Exports of Highest Exports of CM of Rajasthan
Slide 32: Recognized Four Star Export House
Recognized Four Star Export House Sangam (India) Limited has been recognized as a four-star export house. Exports (in Rs. Crore) 921 867 802 757 470 423 FY 20 FY 21 FY 22 FY 23 FY 24 9M FY25 31
Slide 33: Certifications
Certifications QUALITY MANAGEMENT QUALITY MANAGEMENT SOCIAL ACCOUNTABILITY SYSTEMS CERTIFICATIONS SYSTEMS CERTIFICATIONS STANDARDS GLOBAL RECYCLED ORGANIC CONTENT GLOBAL ORGANIC TEXTILE STANDARD STANDARD STANDARD 32
Slide 34: Thank You
THANK YOU Sangam (India) Ltd Name: Mr Arjun Agal Tel: +91 9252145210 Email: arjunagal@sangamgroup.com Investor Relations: Go India Advisors Name: Ms. Devyanshi Dave Tel: +91 9892330743 Email: devyanshi@goindiaadvisors.com