Price
Financials
Standalone, Rs crore| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 226 | 167 | 181 | 189 | 285 | 223 | 152 | 259 | 335 | 245 | 285 | 275 |
| Expenses | 238 | 263 | 209 | 212 | 226 | 226 | 148 | 229 | 299 | 220 | 260 | 252 |
| Operating Profit | -13 | -96 | -28 | -23 | 59 | -3 | 3 | 30 | 36 | 25 | 25 | 23 |
| OPM % | -6% | -58% | -15% | -12% | 21% | -1.3% | 2.0% | 12% | 11% | 10% | 9% | 8% |
| Other Income | 1 | 4 | 95 | -58 | -10 | 11 | -109 | 4 | 11 | 42 | 4 | 9 |
| Interest | 70 | 73 | 78 | 90 | 42 | 49 | 54 | 58 | 66 | 54 | 53 | 52 |
| Depreciation | 23 | 24 | 27 | 31 | 25 | 48 | 36 | 37 | 98 | 90 | 93 | 95 |
| Profit before tax | -105 | -189 | -39 | -201 | -19 | -89 | -196 | -60 | -117 | -75 | -117 | -115 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 61% | 0% | 0% | 0% | 0% |
| Net Profit | -105 | -189 | -39 | -202 | -19 | -89 | -196 | -97 | -117 | -75 | -117 | -115 |
| EPS in Rs | -4.05 | -7.33 | -1.50 | -7.80 | -0.74 | -3.44 | -7.58 | -3.75 | -4.53 | -2.92 | -4.51 | -4.47 |
| Jun 2015 | Mar 2016 9m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 932 | 840 | 998 | 1,026 | 1,061 | 888 | 939 | 1,129 | 928 | 828 | 969 | 1,141 |
| Expenses | 775 | 689 | 799 | 811 | 907 | 695 | 696 | 938 | 942 | 899 | 902 | 1,031 |
| Operating Profit | 157 | 151 | 198 | 216 | 154 | 193 | 244 | 192 | -14 | -71 | 67 | 110 |
| OPM % | 17% | 18% | 20% | 21% | 15% | 22% | 26% | 17% | -1.5% | -9% | 7% | 10% |
| Other Income | 7 | -59 | 2 | 22 | 27 | 12 | 6 | 11 | 19 | 13 | -82 | 66 |
| Interest | 27 | 22 | 64 | 72 | 57 | 78 | 73 | 82 | 238 | 284 | 228 | 225 |
| Depreciation | 106 | 54 | 73 | 72 | 71 | 62 | 64 | 64 | 93 | 107 | 218 | 375 |
| Profit before tax | 31 | 16 | 63 | 93 | 53 | 65 | 113 | 57 | -326 | -449 | -462 | -424 |
| Tax % | 0% | 2% | 0% | 0% | 0% | 0% | 31% | 28% | 0% | 0% | 8% | |
| Net Profit | 31 | 16 | 63 | 93 | 53 | 65 | 78 | 41 | -326 | -449 | -498 | -424 |
| EPS in Rs | 1.39 | 0.73 | 2.87 | 3.72 | 2.10 | 2.60 | 3.12 | 1.62 | -12.61 | -17.37 | -19.29 | -16.43 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -1% | 2% | -5% | 24% | ||
| Compounded Profit Growth | % | % | % | -75% | ||
| Stock Price CAGR | -3% | -6% | -24% | -22% | ||
| Return on Equity | -5% | -14% | -31% | -46% |
| Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 220 | 220 | 220 | 251 | 251 | 251 | 251 | 251 | 258 | 258 | 258 | 258 |
| Reserves | 691 | 831 | 894 | 1,347 | 1,399 | 1,464 | 1,543 | 1,583 | 1,301 | 852 | 354 | 162 |
| Borrowings | 535 | 603 | 599 | 740 | 771 | 1,256 | 1,415 | 1,397 | 1,548 | 2,084 | 2,506 | 2,494 |
| Other Liabilities | 314 | 366 | 352 | 316 | 394 | 433 | 395 | 589 | 602 | 434 | 615 | 848 |
| Total Liabilities | 1,760 | 2,020 | 2,066 | 2,654 | 2,816 | 3,404 | 3,604 | 3,820 | 3,710 | 3,628 | 3,733 | 3,762 |
| Fixed Assets | 1,238 | 1,478 | 1,452 | 1,509 | 1,605 | 1,706 | 1,652 | 3,163 | 3,117 | 3,185 | 3,090 | 3,013 |
| CWIP | 56 | 82 | 167 | 294 | 437 | 1,004 | 1,338 | 42 | 42 | 4 | 149 | 152 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 466 | 460 | 447 | 852 | 774 | 694 | 614 | 614 | 550 | 439 | 494 | 597 |
| Total Assets | 1,760 | 2,020 | 2,066 | 2,654 | 2,816 | 3,404 | 3,604 | 3,820 | 3,710 | 3,628 | 3,733 | 3,762 |
| Jun 2014 | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 210 | 197 | 142 | 76 | 222 | 122 | 71 | 302 | 402 | -25 | -245 | -249 |
| Cash from Investing Activity | -44 | -44 | -124 | -8 | -684 | -112 | -471 | -342 | -298 | 29 | 236 | -128 |
| Cash from Financing Activity | -167 | -152 | -19 | -68 | 463 | -10 | 401 | 39 | -105 | -3 | 182 | 225 |
| Net Cash Flow | -0 | 0 | -0 | -0 | 0 | 0 | 2 | -1 | -1 | 1 | 172 | -152 |
| Free Cash Flow | 166 | 123 | 96 | 1 | -67 | -277 | -522 | -62 | 116 | 12 | -51 | -386 |
| CFO/OP | 107% | 125% | 94% | 39% | 97% | 80% | 36% | 122% | 210% | 180% | 344% | -376% |
| Jun 2014 | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 4 | 6 | 8 | 9 | 11 | 15 | 16 | 19 | 30 | 20 | 0 | 22 |
| Inventory Days | 561 | 729 | 863 | 811 | 891 | 1,814 | 1,500 | 1,612 | 308 | 1,550 | ||
| Days Payable | 290 | 758 | 658 | 730 | 725 | 668 | 589 | 1,348 | 129 | 508 | ||
| Cash Conversion Cycle | 275 | 6 | -21 | 214 | 93 | 181 | 1,163 | 930 | 294 | 20 | 179 | 1,063 |
| Working Capital Days | 9 | -25 | -42 | -14 | -32 | -54 | -74 | -45 | -88 | -112 | -86 | -12 |
| ROCE % | 4% | 4% | 6% | 8% | 8% | 5% | 5% | 6% | 4% | -3% | -5% | -4% |
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 72.72% | 72.72% | 72.72% | 72.59% | 78.52% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% |
| FIIs | 1.01% | 2.09% | 1.31% | 1.02% | 0.13% | 0.18% | 0.18% | 0.70% | 0.36% | 0.30% | 0.52% | 1.35% |
| DIIs | 0.00% | 0.00% | 1.36% | 0.62% | 0.09% | 0.30% | 0.34% | 0.40% | 0.75% | 0.71% | 0.53% | 0.66% |
| Government | 0.00% | 0.00% | 0.00% | 0.00% | 0.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 26.28% | 25.19% | 24.61% | 25.76% | 21.17% | 24.52% | 24.47% | 23.88% | 23.89% | 23.99% | 23.96% | 22.99% |
| No. of Shareholders | 46,548 | 42,926 | 46,461 | 48,467 | 57,095 | 72,594 | 76,040 | 83,139 | 81,497 | 78,187 | 75,181 | 72,077 |
Fundamentals
Market Cap₹ 1,289 Cr.
Current Price₹ 49.9
Book Value₹ 16.3
ROCE-3.91 %
ROE-46.1 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)24%
Compounded Profit Growth (TTM)-75%
Standalone figures.
Valuation
Market capRs 1,289 Cr
Enterprise valueRs 3,773 Cr
Price to book2.10x
Price to sales1.13x
EV / EBITDA21.48x
EV / sales3.31x
Earnings yield-32.93%
P/B, 3-year average1.90x
P/E, 5-year average20.37x
P/B, 5-year average1.38x
Profitability
Operating margin (excl. other income)6.91%
Operating margin (incl. other income)-1.60%
EBITDA margin15.40%
Pre-tax margin-37.20%
Net profit margin-37.20%
Net margin, latest quarter-41.96%
ROE-57.84%
ROCE-7.41%
ROA-13.54%
ROE, 3-year average-36.89%
ROCE, 3-year average-5.14%
ROA, 3-year average-11.47%
ROE, 5-year average-20.79%
ROCE, 5-year average-1.02%
ROA, 5-year average-6.22%
ROIC (approx.)-6.96%
Tax rate-7.96%
Other income / net worth-13.47%
Growth
Sales growth (latest year)16.99%
Sales CAGR, 3 years-4.99%
Sales CAGR, 5 years1.77%
Sales growth QoQ-3.49%
Sales growth YoY (latest quarter)6.19%
Per share
EPS (TTM)Rs -16.42
EPS (latest year)Rs -19.29
EPS (latest quarter)Rs -4.47
EPS, 3-year averageRs -16.42
EPS, 5-year averageRs -8.91
Book value per shareRs 23.71
Sales per shareRs 44.15
Cash flow per shareRs -9.62
Free cash flow per shareRs -14.94
Efficiency
Asset turnover0.26x
Fixed asset turnover0.31x
Inventory turnover2.35x
Inventory days155 days
Debtor days22 days
Debtors turnover16.72x
Creditor days508 days
Cash conversion cycle1063 days
Working capital days-12 days
Leverage
Total debtRs 2,506 Cr
Cash and bankRs 22 Cr
Net debtRs 2,484 Cr
Debt to equity4.09x
Net debt / EBITDA14.15x
Interest coverage-0.89x
Owners' fund to total sources16.40%
Debt to assets67.13%
Cash flow
Cash from Operating Activity (latest year)Rs -249 Cr
Cash from Investing Activity (latest year)Rs -128 Cr
Cash from Financing Activity (latest year)Rs 225 Cr
Net Cash Flow (latest year)Rs -152 Cr
Free cash flow (latest year)Rs -386 Cr
FCFE (approx.: FCF + change in debt)Rs 37 Cr
Statement figures
Net sales (TTM)Rs 1,141 Cr
Net sales (latest year)Rs 969 Cr
Sales (latest quarter)Rs 275 Cr
Operating profit excl. other income (latest year)Rs 67 Cr
Operating profit (latest quarter)Rs 23 Cr
Other income (TTM)Rs 66 Cr
EBITDA (TTM)Rs 176 Cr
PBDT (TTM)Rs -49 Cr
Profit before tax (TTM)Rs -424 Cr
Tax (latest year)Rs 37 Cr
Net profit (TTM)Rs -424 Cr
Net profit (latest year)Rs -498 Cr
Net profit (latest quarter)Rs -115 Cr
Depreciation (TTM)Rs 375 Cr
Depreciation (latest quarter)Rs 95 Cr
Interest (TTM)Rs 225 Cr
Cost of goods sold (latest year)Rs 742 Cr
Total expenditure (latest year)Rs 902 Cr
Total income (latest year)Rs 886 Cr
Share capitalRs 258 Cr
ReservesRs 354 Cr
Shareholders' fundsRs 612 Cr
Total assetsRs 3,733 Cr
Net blockRs 3,090 Cr
Capital work in progressRs 149 Cr
ReceivablesRs 58 Cr
InventoryRs 315 Cr
Other liabilitiesRs 615 Cr
Shares outstanding (crore)25.83
Ownership
Promoter holding75.00% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 2.10 is at the 80th percentile (median 1.19).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | SANGHIIND | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +2.0% | -2.8% | +4.8 pts |
| 1 month | -16.4% | -6.8% | -9.6 pts |
| 3 months | -21.6% | -7.6% | -14.0 pts |
| 6 months | -24.1% | +0.4% | -24.5 pts |
| 1 year | -15.6% | -9.9% | -5.6 pts |
| 2 years | -40.5% | -13.6% | -26.9 pts |
| 3 years | -22.9% | +14.2% | -37.1 pts |
| 5 years | +13.8% | +27.9% | -14.1 pts |
Red flags
F-score 4 of 8| look | Inventory outrunning sales Inventory grew 128% vs sales +17% in 2025 |
| look | Repeated losses Net loss in each of the last two years |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Dec 2025Sales ₹275 Cr +6.2% vs Dec 2024.
Net loss ₹115 Cr.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| UltraTech Cement Ltd | 319,108 | 37.0 | 12.7 % |
| Grasim Industries Ltd | 210,966 | 36.8 | 8.01 % |
| Ambuja Cements Ltd | 90,882 | 19.3 | 5.61 % |
| Shree Cement Ltd | 79,017 | 48.5 | 10.3 % |
| J K Cements Ltd | 37,278 | 38.2 | 15.1 % |
| Dalmia Bharat Ltd | 30,712 | 28.0 | 7.59 % |
| ACC Ltd | 22,583 | 11.9 | 11.2 % |
| The Ramco Cements Ltd | 19,949 | 105 | 6.13 % |
| JSW Cement Ltd | 15,349 | 19.5 | 11.1 % |
| Nuvoco Vistas Corporation Ltd | 11,793 | 28.4 | 6.99 % |
| India Cements Ltd | 9,412 | 69.7 | 1.24 % |
| Star Cement Ltd | 7,198 | 19.0 | 16.6 % |
| Birla Corporation Ltd | 6,545 | 11.7 | 9.78 % |
| JK Lakshmi Cement Ltd | 6,085 | 15.8 | 12.0 % |
| Prism Johnson Ltd | 5,500 | 46.9 | 5.92 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2015-10-27 | Annual General Meeting | |
| 2014-08-28 | Annual Book Closure | |
| 2013-09-05 | Annual General Meeting | |
| 2010-09-23 | Annual General Meeting | |
| 2009-09-24 | Annual General Meeting | |
| 2008-09-22 | Annual General Meeting | |
| 2007-08-30 | Agm | |
| 2006-05-23 | Agm |
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Sanghi Industries Ltd?
Sanghi Industries Ltd (SANGHIIND) has a market capitalisation of Rs 1,289 Cr. at the 2026-04-02 close.
What were Sanghi Industries Ltd's latest quarterly results?
In the Dec 2025 quarter, Sanghi Industries Ltd sales was Rs 275 Cr (+6.2% vs Dec 2024) with a net loss of Rs 115 Cr.