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 ₹ 2,627 Cr.
- Current Price ₹ 303
- High / Low ₹ 413 / 205
- Stock P/E 17.9
- Book Value ₹ 135
- Dividend Yield 0.66 %
- ROCE 11.8 %
- ROE 10.0 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 66.8% CAGR over last 5 years
Cons
- Company has a low return on equity of 13.6% over last 3 years.
- Debtor days have increased from 87.8 to 112 days.
* 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 Allcap BSE Services
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 244 | 308 | 531 | 553 | 228 | 282 | 323 | 224 | 335 | 456 | 598 | 541 | 631 | |
| 108 | 130 | 176 | 187 | 145 | 193 | 166 | 137 | 197 | 199 | 219 | 255 | 316 | |
| Operating Profit | 136 | 178 | 355 | 366 | 84 | 89 | 157 | 87 | 138 | 257 | 380 | 286 | 315 |
| OPM % | 56% | 58% | 67% | 66% | 37% | 32% | 49% | 39% | 41% | 56% | 63% | 53% | 50% |
| 5 | 7 | -1 | 10 | 20 | 13 | 3 | 29 | 37 | 30 | 29 | 51 | 32 | |
| Interest | 46 | 43 | 55 | 65 | 55 | 48 | 41 | 26 | 17 | 17 | 25 | 26 | 30 |
| Depreciation | 119 | 120 | 126 | 150 | 137 | 141 | 140 | 122 | 118 | 121 | 132 | 128 | 126 |
| Profit before tax | -23 | 23 | 172 | 162 | -88 | -86 | -21 | -32 | 40 | 149 | 252 | 182 | 191 |
| Tax % | -37% | 65% | 38% | 32% | -35% | -33% | -69% | -30% | 25% | 25% | 25% | 28% | |
| -14 | 8 | 107 | 109 | -57 | -58 | -7 | -22 | 29 | 112 | 188 | 132 | 141 | |
| EPS in Rs | -1.67 | 0.93 | 12.35 | 12.61 | -6.64 | -6.70 | -0.76 | -2.59 | 3.40 | 12.94 | 21.70 | 15.23 | 16.24 |
| Dividend Payout % | -0% | 27% | 12% | 16% | -0% | -0% | -0% | -0% | 15% | 15% | 14% | 13% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 11% |
| 3 Years: | 17% |
| TTM: | 16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 30% |
| 5 Years: | 67% |
| 3 Years: | 62% |
| TTM: | 11% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 38% |
| 3 Years: | 18% |
| 1 Year: | 17% |
| Return on Equity | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 9% |
| 3 Years: | 14% |
| Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | 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 | 9 |
| Reserves | 640 | 646 | 747 | 853 | 780 | 725 | 718 | 700 | 725 | 833 | 1,003 | 1,109 | 1,156 |
| 465 | 334 | 602 | 538 | 539 | 445 | 312 | 197 | 167 | 183 | 292 | 438 | 474 | |
| 103 | 112 | 139 | 144 | 117 | 66 | 54 | 52 | 64 | 96 | 120 | 129 | 176 | |
| Total Liabilities | 1,217 | 1,100 | 1,496 | 1,543 | 1,445 | 1,244 | 1,092 | 958 | 964 | 1,121 | 1,424 | 1,685 | 1,815 |
| 1,005 | 891 | 1,251 | 1,291 | 1,254 | 1,108 | 961 | 833 | 769 | 858 | 1,015 | 1,115 | 1,170 | |
| CWIP | 0 | 18 | 5 | 0 | 4 | -0 | -0 | -0 | -0 | 7 | 15 | 18 | 5 |
| Investments | -0 | 7 | 8 | 15 | -0 | -0 | -0 | 12 | 30 | 36 | 71 | 158 | 201 |
| 212 | 185 | 233 | 237 | 188 | 136 | 131 | 113 | 165 | 220 | 324 | 395 | 439 | |
| Total Assets | 1,217 | 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 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 208 | 208 | 258 | 311 | 126 | 128 | 163 | 119 | 130 | 257 | 304 | 145 | |
| -18 | -34 | -487 | -189 | -44 | 19 | 9 | 21 | -76 | -237 | -346 | -276 | |
| -204 | -151 | 205 | -123 | -82 | -145 | -174 | -141 | -48 | -15 | 68 | 89 | |
| Net Cash Flow | -14 | 23 | -24 | -1 | 0 | 2 | -1 | -2 | 6 | 5 | 27 | -41 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 222 | 146 | 107 | 109 | 215 | 95 | 70 | 92 | 86 | 79 | 72 | 112 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 222 | 146 | 107 | 109 | 215 | 95 | 70 | 92 | 86 | 79 | 72 | 112 |
| Working Capital Days | -78 | 63 | 9 | 13 | 53 | -50 | -39 | 11 | 49 | 16 | 8 | 14 |
| ROCE % | 2% | 6% | 20% | 16% | -4% | -4% | 1% | -2% | 6% | 15% | 22% | 12% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
9h - Audio of investor conference call on results for quarter/nine months ended Dec 31, 2025 available; call held Feb 9, 2026.
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Announcement under Regulation 30 (LODR)-Investor Presentation
2d - Investor Presentation on the unaudited financial results for the quarter and nine months ended December 31, 2025
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Newspaper Advertisement for Unaudited Financial Results (Consolidated and Standalone) for the quarter and nine months ended December 31, 2025
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Incorporation Of Wholly Owned Step-Down Subsidiary Of
Sanghvi Movers Limited
6 Feb - Incorporated Qatar subsidiary Sanghvi Mover Middle East Heavy Lift Ltd; share capital QR200,000; incorporated February 4, 2026.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
6 Feb - Q3 revenue ₹236 Cr; 9M ₹719 Cr (+39.7%); won ₹428.72Cr wind EPC and USD4.3m Botswana contract.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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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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Concalls
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Aug 2018TranscriptAI SummaryPPT
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Aug 2017TranscriptAI SummaryPPT
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Feb 2016TranscriptPPT
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.