Sanghvi Movers Ltd
Sanghvi Movers provides medium to heavy duty cranes on rental basis to various private and public sector undertakings. SML’s crane fleet consists of medium to large size hydraulic truck mounted telescopic and lattice boom cranes and crawler lattice boom cranes having a lifting capacity ranging from 20 MT to 1000 MT.[1]
- Market Cap ₹ 3,053 Cr.
- Current Price ₹ 352
- High / Low ₹ 413 / 221
- Stock P/E 18.6
- Book Value ₹ 135
- Dividend Yield 0.57 %
- ROCE 16.3 %
- ROE 14.7 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 43.9% CAGR over last 5 years
Cons
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Services Services Commercial Services & Supplies Diversified Commercial Services
Part of BSE Services BSE 1000
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 308 | 531 | 553 | 228 | 282 | 323 | 224 | 335 | 456 | 598 | 541 | 674 | |
| 130 | 176 | 187 | 145 | 193 | 166 | 137 | 197 | 199 | 219 | 255 | 344 | |
| Operating Profit | 178 | 355 | 366 | 84 | 89 | 157 | 87 | 138 | 257 | 380 | 286 | 329 |
| OPM % | 58% | 67% | 66% | 37% | 32% | 49% | 39% | 41% | 56% | 63% | 53% | 49% |
| 7 | -1 | 10 | 20 | 13 | 3 | 29 | 37 | 30 | 29 | 51 | 46 | |
| Interest | 43 | 55 | 65 | 55 | 48 | 41 | 26 | 17 | 17 | 25 | 26 | 32 |
| Depreciation | 120 | 126 | 150 | 137 | 141 | 140 | 122 | 118 | 121 | 132 | 128 | 129 |
| Profit before tax | 23 | 172 | 162 | -88 | -86 | -21 | -32 | 40 | 149 | 252 | 182 | 214 |
| Tax % | 65% | 38% | 32% | -35% | -33% | -69% | -30% | 25% | 25% | 25% | 28% | 26% |
| 8 | 107 | 109 | -57 | -58 | -7 | -22 | 29 | 112 | 188 | 132 | 159 | |
| EPS in Rs | 0.93 | 12.35 | 12.61 | -6.64 | -6.70 | -0.76 | -2.59 | 3.40 | 12.94 | 21.70 | 15.23 | 18.32 |
| Dividend Payout % | 27% | 12% | 16% | 0% | 0% | 0% | 0% | 15% | 15% | 14% | 13% | 11% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 25% |
| 3 Years: | 14% |
| TTM: | 25% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 44% |
| 3 Years: | 19% |
| TTM: | 54% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 33% |
| 3 Years: | 19% |
| 1 Year: | 7% |
| Return on Equity | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 12% |
| 3 Years: | 14% |
| Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 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 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Reserves | 646 | 747 | 853 | 780 | 725 | 718 | 700 | 725 | 833 | 1,003 | 1,109 | 1,156 |
| 334 | 602 | 538 | 539 | 445 | 312 | 197 | 167 | 183 | 292 | 438 | 474 | |
| 112 | 139 | 144 | 117 | 66 | 54 | 52 | 64 | 96 | 120 | 129 | 176 | |
| Total Liabilities | 1,100 | 1,496 | 1,543 | 1,445 | 1,244 | 1,092 | 958 | 964 | 1,121 | 1,424 | 1,685 | 1,815 |
| 891 | 1,251 | 1,291 | 1,254 | 1,108 | 961 | 833 | 769 | 858 | 1,015 | 1,115 | 1,170 | |
| CWIP | 18 | 5 | 0 | 4 | 0 | 0 | 0 | 0 | 7 | 15 | 18 | 5 |
| Investments | 7 | 8 | 15 | 0 | 0 | 0 | 12 | 30 | 36 | 71 | 158 | 201 |
| 185 | 233 | 237 | 188 | 136 | 131 | 113 | 165 | 220 | 324 | 395 | 439 | |
| Total Assets | 1,100 | 1,496 | 1,543 | 1,445 | 1,244 | 1,092 | 958 | 964 | 1,121 | 1,424 | 1,685 | 1,815 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 208 | 258 | 311 | 126 | 128 | 163 | 119 | 130 | 257 | 304 | 145 | 256 | |
| -34 | -487 | -189 | -44 | 19 | 9 | 21 | -76 | -237 | -346 | -276 | -333 | |
| -151 | 205 | -123 | -82 | -145 | -174 | -141 | -48 | -15 | 68 | 89 | 90 | |
| Net Cash Flow | 23 | -24 | -1 | 0 | 2 | -1 | -2 | 6 | 5 | 27 | -41 | 14 |
| Free Cash Flow | 159 | -233 | 140 | 67 | 147 | 173 | 145 | 80 | 52 | 17 | -55 | -35 |
| CFO/OP | 116% | 90% | 97% | 163% | 149% | 103% | 127% | 94% | 101% | 96% | 66% | 92% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 146 | 107 | 109 | 215 | 95 | 70 | 92 | 86 | 79 | 72 | 112 | |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 146 | 107 | 109 | 215 | 95 | 70 | 92 | 86 | 79 | 72 | 112 | |
| Working Capital Days | 63 | 9 | 13 | 53 | -50 | -39 | 11 | 49 | 16 | 8 | 14 | |
| ROCE % | 6% | 20% | 16% | -4% | -4% | 1% | -2% | 6% | 15% | 22% | 12% |
Insights
In beta| Dec 2015 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Average Capacity Utilization % |
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| Fleet Size Number of Cranes |
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| Order Book Cr |
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| Average Monthly Yield % |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
8h - Newspaper Publication for Audited Financial Results (Consolidated & Standalone) for the quarter and year ended March 31, 2026
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
24h - Sanghvi Movers reported FY26 revenue of ₹1,070 crore, PAT ₹184 crore, and Botswana crane commissioning.
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Announcement under Regulation 30 (LODR)-Investor Presentation
24h - Investor Presentation on Audited Financial Results (Standalone & Consolidated) for the quarter and year ended March 31, 2026
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Announcement under Regulation 30 (LODR)-Change in Management
1d - Board approved FY26 audited results; standalone profit Rs 15,863.65 lakh, final dividend Rs 2/share, auditor reappointed.
- Corporate Action-Board approves Dividend 1d
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2018
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Largest Crane Hiring Company[1]
Company is Asia’s largest crane rental operator with 346 cranes as of FY24. The company has 17 strategically placed depots (13 operational) across the country.