Sanghvi Movers Ltd

₹ 224 -0.53%
03 Oct - 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

Large scale of operations[1]
SML has a large fleet of heavy haulage cranes, which are used in critical infrastructure projects.
It has a total fleet size of 384 cranes.
As per International Cranes & Specialized Transport 2020 edition, SML is the largest crane hiring company in Asia and 5th largest in the world.

  • Market Cap 970 Cr.
  • Current Price 224
  • High / Low 280 / 150
  • Stock P/E 20.9
  • Book Value 170
  • Dividend Yield 0.45 %
  • ROCE 5.67 %
  • ROE 3.50 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter

Cons

  • The company has delivered a poor sales growth of -9.53% over past five years.
  • Company has a low return on equity of -1.11% over last 3 years.
  • Contingent liabilities of Rs.873 Cr.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
83 81 83 76 36 51 55 81 76 71 79 109 97
42 41 41 42 22 30 43 41 45 35 44 74 49
Operating Profit 41 39 42 34 15 21 11 40 31 36 36 36 48
OPM % 49% 49% 51% 45% 41% 41% 21% 49% 41% 51% 45% 33% 49%
2 1 0 0 4 11 5 8 0 6 8 22 4
Interest 11 11 10 9 8 7 6 5 4 4 5 4 3
Depreciation 36 36 35 34 29 31 31 32 30 30 29 29 29
Profit before tax -4 -7 -2 -8 -17 -6 -21 12 -3 8 10 25 19
Tax % 27% 87% 52% 82% 25% 29% 37% 35% 25% 44% 11% 25% 25%
Net Profit -3 -1 -1 -2 -13 -4 -13 8 -3 5 9 19 14
EPS in Rs -0.72 -0.19 -0.26 -0.35 -2.97 -1.00 -3.01 1.80 -0.58 1.05 2.04 4.30 3.35
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
361 450 339 244 308 531 553 228 282 323 224 335 356
116 154 107 108 130 176 187 145 193 166 137 197 201
Operating Profit 246 297 232 136 178 355 366 84 89 157 87 138 155
OPM % 68% 66% 68% 56% 58% 67% 66% 37% 32% 49% 39% 41% 44%
23 41 8 5 7 -1 10 20 13 3 29 37 40
Interest 49 77 63 46 43 55 65 55 48 41 26 17 17
Depreciation 93 111 118 119 120 126 150 137 141 140 122 118 116
Profit before tax 126 150 58 -23 23 172 162 -88 -86 -21 -32 40 62
Tax % 32% 32% 30% 37% 65% 38% 32% 35% 33% 69% 30% 25%
Net Profit 86 102 41 -14 8 107 109 -57 -58 -7 -22 29 46
EPS in Rs 19.94 23.51 9.46 -3.35 1.86 24.71 25.22 -13.28 -13.41 -1.52 -5.18 6.80 10.74
Dividend Payout % 15% 13% 11% 0% 27% 12% 16% 0% 0% 0% 0% 15%
Compounded Sales Growth
10 Years: -3%
5 Years: -10%
3 Years: 6%
TTM: 35%
Compounded Profit Growth
10 Years: -12%
5 Years: -25%
3 Years: 33%
TTM: 485%
Stock Price CAGR
10 Years: 8%
5 Years: 10%
3 Years: 41%
1 Year: 19%
Return on Equity
10 Years: 1%
5 Years: -5%
3 Years: -1%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
9 9 9 9 9 9 9 9 9 9 9 9
Reserves 532 619 655 640 646 747 853 780 725 718 700 725
639 700 592 465 334 602 538 539 445 312 197 167
123 133 121 103 112 139 144 117 66 54 52 64
Total Liabilities 1,303 1,461 1,376 1,217 1,100 1,496 1,543 1,445 1,244 1,092 958 964
1,070 1,186 1,090 1,005 891 1,251 1,291 1,254 1,108 961 833 769
CWIP 9 14 0 0 18 5 0 4 0 0 0 0
Investments 0 0 0 0 7 8 15 0 0 0 12 30
223 261 285 212 185 233 237 188 136 131 113 165
Total Assets 1,303 1,461 1,376 1,217 1,100 1,496 1,543 1,445 1,244 1,092 958 964

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
207 217 202 208 208 258 311 126 128 163 119 130
-306 -188 -0 -18 -34 -487 -189 -44 19 9 21 -81
101 -28 -189 -204 -151 205 -123 -82 -145 -174 -141 -48
Net Cash Flow 2 1 12 -14 23 -24 -1 0 2 -1 -2 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 136 166 241 222 146 107 109 215 95 70 92 86
Inventory Days
Days Payable
Cash Conversion Cycle 136 166 241 222 146 107 109 215 95 70 92 86
Working Capital Days -222 -122 11 -70 63 10 42 72 -16 -27 89 100
ROCE % 16% 17% 9% 2% 6% 20% 16% -4% -4% 1% -2% 6%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
47.10 47.10 47.25 47.25 47.25 47.25 47.25 47.25 47.25 47.25 47.25 47.25
0.19 0.19 0.19 0.19 0.00 0.00 0.00 0.05 0.07 0.10 0.30 0.28
5.70 3.97 3.85 3.65 3.65 3.65 3.21 1.07 1.28 1.23 1.20 1.08
47.01 48.74 48.71 48.91 49.10 49.10 49.54 51.63 51.40 51.42 51.25 51.39

Documents

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