You have it planted too deep, the crown should be at the surface so that only the roots are covered. It looks like you have low light, a tall tank or would be better off with a different type of light. Sag. grows OK in one of my tanks which is 500mm high and only two 3ft T8s on a 4ft tank. I have had it grow successfully with lumiflor and cool white, growlux and cool white and presently growlux and daylight.
What sort of light are you using? Height of tank, age of lights, type of lights, K rating of lights and hours on?
There are a number of Echinodorus sp. that look similar wether grown submersed or emersed. Each plant can also vary depending on the light conditions. I have been growing them in natural light emersed in the glasshouse over summer and have just brought them inside under artificial light and the leaf structure is now completely different. Some are easy to identify like ozelot, uraguayensis etc but there are a number that have pinkish new growth that turns green, particularly if it is not strong light.