Sanghvi Movers Limited share price
NSE: SANGHVIMOV · ISIN INE989A01032
Key numbers
- Market cap
- ₹ 3,948 Cr
- Current price
- ₹ 456.00
- 52-week high / low
- ₹ 528 / 224
- Stock P/E
- 19.8
- Book value
- ₹ 151.5
- Dividend yield
- 0.44%
- ROCE
- 16.0%
- ROE
- 15.0%
- Debt to equity
- 0.51
- Sales growth (3 yrs)
- 32.9%
- Profit growth (3 yrs)
- 18.0%
- 1-year return
- 16.7%
About Sanghvi Movers Limited
Sanghvi Movers Limited, together with its subsidiaries, operates as a crane rental company in India. It operates through Crane Hiring and Ancillary Services; Wind EPC; and Project EPC segment. The Crane Hiring and Other Ancillary Services segment includes crane rental services, including mobilization and demobilization. The Wind EPC segment includes logistics, intercarting, installation, and commissioning of wind turbine components. The Project EPC segment provides complete lifting and rigging for all heavy lifts, foundation preparation alignment, execution and planning of completion of heavy lifts. It also operates a fleet of medium to large-size hydraulic truck mounted telescopic and lattice boom cranes, as well as hydraulic and crawler cranes. In addition, the company offers equipment, including crawler mounted cranes with lattice boom and truck mounted cranes with telescopic boom. Further, it generates wind and solar power. The company serves construction, power, oil and gas, heavy engineering, infrastructure, renewable wind energy, steel, cement, fertilizers, petrochemical and refinery, and metro railway industries. Sanghvi Movers Limited was incorporated in 1989 and is…
Quarterly results
Consolidated figures in ₹ crores
| Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Sales | 273 | 210 | 236 | 351 | 380 |
| Operating profit | 100 | 81 | 85 | 134 | 125 |
| Net profit | 50 | 36 | 29 | 69 | 65 |
| EPS (₹) | 5.80 | 4.19 | 3.35 | 7.95 | 7.54 |
Concall summary (2026-08-07)
AI summary of the earnings call transcript · tone: Positive · source document
Guidance & outlook
- So, putting together, excluding this FOREX and incentive item, the underlying core margin for the quarter was approximately 49% and if the credit provision rationalized as we are expecting in during the course of the year, the return crossed 51%.
- But next year, we can significantly, I think we have already given a guidance on the growth that we expect for next year, which is on page number 19, we are giving you an overall group projection where we are saying that revenue will scale between 30% to 40% and EBITDA will scale between 20% to 30% for FY'28.
Growth & demand
- 393 crores, growth of 40% and order book of almost Rs.
- So, in terms of, let us say, pipeline for the Middle East are visible, our zero to 24-month pipeline is almost around $38 million.
Margins & costs
- The core crane rental EBITDA margin moved from 53% in FY'26 to 47% in Q1 FY'27.
- The India and Botswana business reported utilization of around 86% at a yield of 2.29% and the GCC business utilization process is 86% at a yield of 4.10% and that yield differential that is between 4.1% and 2.29% is the core of Middle East investment.
Capex & expansion
- We have secured new orders in Qatar and we have completed Botswana commissioning on schedule, repatriating almost $1.1 million to India.
- So, the entirety of our CAPEX still remains dedicated to our crane rental business of which we are doing 652 crores this year.
Balance sheet & cash
- Two points related to a higher expected credit loss provisions driven by aging of receivables that is around Rs.
- Our gross debt-to-equity stood at 0.54 times against our guided FY ceiling 0.72 times and group ROCE was around 16% as of March 26.
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