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 ₹ 3,298 Cr.
- Current Price ₹ 382
- High / Low ₹ 413 / 221
- Stock P/E 17.4
- Book Value ₹ 151
- Dividend Yield 0.52 %
- ROCE 16.7 %
- ROE 15.5 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 60.0% CAGR over last 5 years
Cons
- Company might be capitalizing the interest cost
- Working capital days have increased from 51.2 days to 81.4 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 Services BSE 1000
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 224 | 335 | 456 | 782 | 1,070 | |
| 137 | 197 | 199 | 452 | 671 | |
| Operating Profit | 87 | 138 | 257 | 330 | 400 |
| OPM % | 39% | 41% | 56% | 42% | 37% |
| 29 | 37 | 30 | 41 | 21 | |
| Interest | 26 | 17 | 17 | 26 | 37 |
| Depreciation | 122 | 118 | 121 | 129 | 132 |
| Profit before tax | -32 | 39 | 149 | 217 | 253 |
| Tax % | -30% | 26% | 25% | 28% | 27% |
| -22 | 29 | 112 | 157 | 184 | |
| EPS in Rs | -2.59 | 3.39 | 12.94 | 18.08 | 21.29 |
| Dividend Payout % | 0% | 15% | 15% | 11% | 9% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 37% |
| 3 Years: | 33% |
| TTM: | 37% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 60% |
| 3 Years: | 25% |
| TTM: | 44% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 35% |
| 3 Years: | 24% |
| 1 Year: | 28% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 9 | |
| Reserves | 725 | 833 | 1,134 | 1,302 | |
| 167 | 183 | 438 | 674 | ||
| 64 | 96 | 185 | 359 | ||
| Total Liabilities | 964 | 1,121 | 1,765 | 2,343 | |
| 769 | 858 | 1,116 | 1,428 | ||
| CWIP | 0 | 7 | 18 | 9 | |
| Investments | 30 | 35 | 150 | 87 | |
| 165 | 220 | 482 | 819 | ||
| Total Assets | 964 | 1,121 | 1,765 | 2,343 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 130 | 257 | 162 | 278 | ||
| -76 | -237 | -286 | -418 | ||
| -48 | -15 | 89 | 182 | ||
| Net Cash Flow | 6 | 5 | -36 | 42 | |
| Free Cash Flow | 80 | 52 | -75 | -98 | |
| CFO/OP | 94% | 101% | 65% | 85% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 86 | 79 | 110 | 92 | |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 86 | 79 | 110 | 92 | |
| Working Capital Days | 49 | 16 | 21 | 81 | |
| ROCE % | 15% | 17% |
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 ・Standalone data |
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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)-Analyst / Investor Meet - Outcome
22 May - Audio recording of May 22, 2026 earnings conference call for Q4 and FY26 results available online.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
21 May - 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
20 May - 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
20 May - 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
20 May - Board approved FY26 audited results; standalone profit Rs 15,863.65 lakh, final dividend Rs 2/share, auditor reappointed.
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 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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May 2026TranscriptPPT 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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Nov 2025TranscriptAI SummaryPPT
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Aug 2025Transcript PPT REC
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Aug 2025TranscriptAI SummaryPPT
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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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Aug 2022TranscriptAI SummaryPPT
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May 2022TranscriptAI SummaryPPT
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May 2022TranscriptAI SummaryPPT
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Feb 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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Feb 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 Asia’s largest crane rental operator with 346 cranes as of FY24. The company has 17 strategically placed depots (13 operational) across the country.