Sanghvi Movers Ltd

Sanghvi Movers Ltd

₹ 1,350 -1.24%
26 Apr - close price
About

Sanghvi Movers is engaged in the business of providing hydraulic and crawler cranes to various industries in the infrastructure sector and has a fleet of medium to large-size hydraulic truck mounted telescopic and lattice boom cranes and crawler cranes with lifting capacity ranging from 20 tons to 800 tons.

Key Points

Largest Crane Hiring Company
SML is the largest crane hiring company in India & ranked 5th in the world by “Cranes International'' a Crane Journal. Company is engaged in the business of providing medium sized Heavy Duty Cranes on rental basis to various private & public sector undertakings. SML has a fleet of 387 Cranes as on 31st March 2022 having Lifting Capacity from 40 Tons to 800 Tons, all these cranes were imported from Germany, USA, UK, Japan, Singapore. SML also does Heavy Lift, Lift Planning & Plant Maintenance jobs. [1]

  • Market Cap 5,846 Cr.
  • Current Price 1,350
  • High / Low 1,433 / 366
  • Stock P/E 33.6
  • Book Value 209
  • Dividend Yield 0.30 %
  • ROCE 15.2 %
  • ROE 12.4 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 26.9% CAGR over last 5 years

Cons

  • Stock is trading at 6.47 times its book value
  • Company has a low return on equity of 3.76% 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

Sector: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
55 81 76 71 79 109 97 109 122 127 146 140 167
43 41 45 35 44 74 49 52 47 50 58 54 52
Operating Profit 11 40 31 36 36 36 48 57 75 77 88 86 115
OPM % 21% 49% 41% 51% 45% 33% 49% 52% 61% 60% 60% 62% 69%
5 8 0 6 8 22 4 15 6 5 6 5 6
Interest 6 5 4 4 5 4 3 4 4 5 5 7 7
Depreciation 31 32 30 30 29 29 29 31 31 31 33 34 32
Profit before tax -21 12 -3 8 10 25 19 38 46 46 56 50 82
Tax % 37% 35% 25% 44% 11% 25% 25% 23% 25% 26% 26% 26% 25%
-13 8 -3 5 9 19 14 29 35 34 42 37 61
EPS in Rs -3.01 1.80 -0.58 1.05 2.04 4.30 3.35 6.68 8.03 7.84 9.64 8.59 14.16
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
450 339 244 308 531 553 228 282 323 224 335 456 580
154 107 108 130 176 187 145 193 166 137 197 199 214
Operating Profit 297 232 136 178 355 366 84 89 157 87 138 257 366
OPM % 66% 68% 56% 58% 67% 66% 37% 32% 49% 39% 41% 56% 63%
41 8 5 7 -1 10 20 13 3 29 37 30 21
Interest 77 63 46 43 55 65 55 48 41 26 17 17 24
Depreciation 111 118 119 120 126 150 137 141 140 122 118 121 129
Profit before tax 150 58 -23 23 172 162 -88 -86 -21 -32 40 149 234
Tax % 32% 30% 37% 65% 38% 32% 35% 33% 69% 30% 25% 25%
102 41 -14 8 107 109 -57 -58 -7 -22 29 112 174
EPS in Rs 23.51 9.46 -3.35 1.86 24.71 25.22 -13.28 -13.41 -1.52 -5.18 6.80 25.88 40.23
Dividend Payout % 13% 11% -0% 27% 12% 16% -0% -0% -0% -0% 15% 15%
Compounded Sales Growth
10 Years: 3%
5 Years: 15%
3 Years: 12%
TTM: 32%
Compounded Profit Growth
10 Years: 10%
5 Years: 27%
3 Years: 129%
TTM: 80%
Stock Price CAGR
10 Years: 32%
5 Years: 60%
3 Years: 121%
1 Year: 243%
Return on Equity
10 Years: 2%
5 Years: 0%
3 Years: 4%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 9 9 9 9 9 9 9 9 9 9 9 9 9
Reserves 619 655 640 646 747 853 780 725 718 700 725 833 895
700 592 465 334 602 538 539 445 312 197 167 183 336
133 121 103 112 139 144 117 66 54 52 64 96 105
Total Liabilities 1,461 1,376 1,217 1,100 1,496 1,543 1,445 1,244 1,092 958 964 1,121 1,344
1,186 1,090 1,005 891 1,251 1,291 1,254 1,108 961 833 769 858 1,023
CWIP 14 0 0 18 5 0 4 -0 -0 -0 -0 7 12
Investments -0 -0 -0 7 8 15 -0 -0 -0 12 30 36 51
261 285 212 185 233 237 188 136 131 113 165 220 259
Total Assets 1,461 1,376 1,217 1,100 1,496 1,543 1,445 1,244 1,092 958 964 1,121 1,344

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
217 202 208 208 258 311 126 128 163 119 130 257
-188 -0 -18 -34 -487 -189 -44 19 9 21 -76 -237
-28 -189 -204 -151 205 -123 -82 -145 -174 -141 -48 -15
Net Cash Flow 1 12 -14 23 -24 -1 0 2 -1 -2 6 5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 166 241 222 146 107 109 215 95 70 92 86 79
Inventory Days
Days Payable
Cash Conversion Cycle 166 241 222 146 107 109 215 95 70 92 86 79
Working Capital Days -122 11 -70 63 10 42 72 -16 -27 89 100 87
ROCE % 17% 9% 2% 6% 20% 16% -4% -4% 1% -2% 6% 15%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
47.25% 47.25% 47.25% 47.25% 47.25% 47.25% 47.25% 47.25% 47.25% 47.25% 47.25% 47.25%
0.05% 0.07% 0.10% 0.30% 0.28% 1.03% 1.35% 1.47% 1.64% 1.99% 2.12% 2.49%
1.07% 1.28% 1.23% 1.20% 1.08% 1.58% 2.06% 1.68% 1.73% 1.77% 1.62% 2.59%
51.63% 51.40% 51.42% 51.25% 51.39% 50.14% 49.36% 49.61% 49.39% 49.00% 49.01% 47.67%
No. of Shareholders 18,42019,36021,27926,50827,14527,32425,28627,05331,71539,44244,90249,310

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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