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 ₹ 3,692 Cr.
- Current Price ₹ 426
- High / Low ₹ 532 / 221
- Stock P/E 22.6
- Book Value ₹ 145
- Dividend Yield 0.47 %
- ROCE 13.4 %
- ROE 11.3 %
- Face Value ₹ 1.00
Pros
Cons
- Company has a low return on equity of 12.5% over last 3 years.
- Dividend payout has been low at 12.6% of profits over last 3 years
* 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 1000 BSE Services
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 308 | 531 | 553 | 228 | 282 | 323 | 224 | 335 | 456 | 598 | 541 | 674 | 717 | |
| 130 | 176 | 187 | 145 | 193 | 166 | 137 | 197 | 199 | 219 | 255 | 344 | 387 | |
| Operating Profit | 178 | 355 | 366 | 84 | 89 | 157 | 87 | 138 | 257 | 380 | 286 | 329 | 330 |
| OPM % | 58% | 67% | 66% | 37% | 32% | 49% | 39% | 41% | 56% | 63% | 53% | 49% | 46% |
| 7 | -1 | 10 | 20 | 13 | 3 | 29 | 37 | 30 | 29 | 51 | 46 | 51 | |
| Interest | 43 | 55 | 65 | 55 | 48 | 41 | 26 | 17 | 17 | 25 | 26 | 32 | 34 |
| Depreciation | 120 | 126 | 150 | 137 | 141 | 140 | 122 | 118 | 121 | 132 | 128 | 129 | 133 |
| Profit before tax | 23 | 172 | 162 | -88 | -86 | -21 | -32 | 40 | 149 | 252 | 182 | 214 | 213 |
| 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 | 158 | |
| 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 | 18.25 |
| 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: | 26% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 40% |
| 3 Years: | 11% |
| TTM: | 26% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 37% |
| 3 Years: | 11% |
| 1 Year: | 17% |
| Return on Equity | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 11% |
| 3 Years: | 12% |
| Last Year: | 11% |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1,251 |
| 334 | 602 | 538 | 539 | 445 | 312 | 197 | 167 | 183 | 292 | 438 | 577 | |
| 112 | 139 | 144 | 117 | 66 | 54 | 52 | 64 | 96 | 120 | 129 | 204 | |
| Total Liabilities | 1,100 | 1,496 | 1,543 | 1,445 | 1,244 | 1,092 | 958 | 964 | 1,121 | 1,424 | 1,685 | 2,040 |
| 891 | 1,251 | 1,291 | 1,254 | 1,108 | 961 | 833 | 769 | 858 | 1,015 | 1,115 | 1,343 | |
| CWIP | 18 | 5 | 0 | 4 | 0 | 0 | 0 | 0 | 7 | 15 | 18 | 3 |
| Investments | 7 | 8 | 15 | 0 | 0 | 0 | 12 | 30 | 36 | 71 | 158 | 120 |
| 185 | 233 | 237 | 188 | 136 | 131 | 113 | 165 | 220 | 324 | 395 | 575 | |
| Total Assets | 1,100 | 1,496 | 1,543 | 1,445 | 1,244 | 1,092 | 958 | 964 | 1,121 | 1,424 | 1,685 | 2,040 |
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 | 89 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 146 | 107 | 109 | 215 | 95 | 70 | 92 | 86 | 79 | 72 | 112 | 89 |
| Working Capital Days | 63 | 9 | 13 | 53 | -50 | -39 | 11 | 49 | 16 | 8 | 14 | 54 |
| ROCE % | 6% | 20% | 16% | -4% | -4% | 1% | -2% | 6% | 15% | 22% | 12% | 13% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Crane Fleet Count cranes |
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| Average Blended Yield per month (India) % per month |
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| Average Capacity Utilization (India) % |
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| Opening Order Book INR Cr |
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| Renewables (Wind EPC) Revenue Share % |
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| Number of Depots (India) depots |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Resignation of Director
- Amitabha Mukhopadhyay resigned as Independent Director effective close of business on September 7, 2026.
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Announcement under Regulation 30 (LODR)-Resignation of Director
- Mr. Amitabha Mukhopadhyay resigned as Independent Director effective September 7, 2026.
- Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Regulations, 2011
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Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
- Shareholders approved MSKA & Associates LLP as statutory auditors for 5 years from FY2026-27 to FY2030-31.
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Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- Voting results of 37th AGM held 24 Aug 2026: all 6 resolutions passed, including final dividend, auditor appointment.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2013
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Concalls
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Aug 2026Transcript PPT REC
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May 2026Transcript PPT REC
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Mar 2026TranscriptAI SummaryPPT
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT
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Aug 2025Transcript PPT REC
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT REC
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Aug 2024Transcript PPT REC
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May 2024Transcript PPT REC
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Feb 2024TranscriptAI SummaryPPT
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT REC
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May 2023Transcript PPT
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Feb 2023TranscriptAI SummaryPPT
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Nov 2022TranscriptAI SummaryPPT
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May 2022TranscriptAI SummaryPPT
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May 2022TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
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Aug 2021TranscriptAI SummaryPPT
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May 2021TranscriptAI SummaryPPT
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Nov 2020TranscriptAI SummaryPPT
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Aug 2020TranscriptAI SummaryPPT
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Jun 2020TranscriptAI SummaryPPT
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Nov 2019TranscriptAI SummaryPPT
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Aug 2019TranscriptAI SummaryPPT
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May 2019TranscriptAI SummaryPPT
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Feb 2019TranscriptAI SummaryPPT
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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 World's 5th Largest & Asia's largest crane rental operator (IC Index 2025) with a fleet of 485+ cranes as of FY26. The company has 15 depots across India with global presence in India, Saudi Arabia, Botswana, and Qatar. The company owns 175 acres of freehold land dedicated to crane parking.