Sanghvi Movers Ltd.

•

sanghvicranes.comBSE: 530073NSE: SANGHVIMOV

Market Cap₹ 3,833 Cr.

Current Price

High / Low₹ 528 / 224

Stock P/E24.3

Book Value₹ 150

Price to Book1.61

Dividend Yield0.45 %

ROCE14.5 %

ROE13.3 %

Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Cranes: 93.4% • Project EPC: 6.6%

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence

72%

View full sector analysis →

PROS

Company has delivered good sales growth of 24.7% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.49x)
Company comfortably covers its interest (7.6x coverage)
Company has a consistent dividend-paying track record
Company maintains a comfortable, low leverage position

CONS

Recent results are weak - TTM profit is down 12.6% versus prior year
A large part of profit comes from other income (25.1% of PBT)
Free cash flow has been persistently negative
Operating margins have contracted to 48.9% from 62.9%
Total debt has risen sharply - up 31.8% year on year
Valuation is stretched - P/E of 24.3 is well above its own 5-year median (15.7)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsCapital GoodsConstruction Vehicles

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	BEML	2097.05	97.87	17466.12	0.82	-27.01	57.87	819.62	29.28	7.94	0.24
2.	ACE	1126.80	30.72	13418.29	0.18	1194.90	1122.78	7856.80	1104.88	31.80	15.00
3.	SANGHVIMOV	442.70	19.23	3832.72	0.45	65.25	29.84	379.67	38.89	16.24	33.05

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	146	137	163	154	131	129	119	162	159	136	173	205	203
	58	52	49	62	58	60	64	73	75	79	88	102	163
Operating Profit	88	85	114	92	73	69	55	89	84	58	84	104	40
OPM %	60.29%	61.98%	70.12%	59.85%	55.96%	53.40%	45.83%	54.87%	52.78%	42.30%	48.72%	50.48%	19.48%
	6	5	6	11	20	8	9	10	11	11	1	24	15
Interest	5	7	7	6	6	6	6	7	7	7	8	10	9
Depreciation	33	34	32	33	33	33	31	31	31	31	32	34	36
Profit before Tax	56	49	82	65	55	37	26	60	56	31	44	83	55
Tax %	25.56%	25.56%	25.29%	25.82%	27.10%	30.52%	28.68%	27.80%	25.62%	25.62%	26.14%	26.29%	25.15%
Net Profit	42	36	61	48	40	26	18	43	42	23	33	61	41
	9.64	4.22	7.04	5.51	4.60	3.00	2.13	5.02	4.83	2.62	3.77	7.10	4.76

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	553	228	282	323	224	335	456	598	541	674	717
	187	145	193	166	137	197	199	219	255	344	432
Operating Profit	366	84	89	157	87	138	257	380	286	329	285
OPM %	66.25%	36.59%	31.62%	48.54%	38.95%	41.14%	56.35%	63.48%	52.79%	48.92%	39.73%
	10	20	13	3	29	37	30	28	47	46	51
Interest	65	55	48	41	26	17	17	25	26	32	34
Depreciation	150	137	141	140	122	118	121	132	128	129	133
Profit before Tax	161	-88	-86	-21	-32	39	149	251	178	214	213
Tax %	32.40%	34.58%	32.69%	69.08%	29.82%	25.49%	24.75%	25.54%	28.28%	25.99%	25.87%
Net Profit	109	-57	-58	-7	-22	29	112	187	128	159	158
EPS	25.22	-13.28	-13.41	-1.53	-5.18	6.80	25.88	43.22	14.74	18.32	—
Dividend Payout %	15.86%	0.00%	0.00%	0.00%	0.00%	14.71%	15.45%	13.88%	13.57%	10.91%	—

COMPOUNDED SALES GROWTH

10 Years:: 2%
5 Years:: 25%
3 Years:: 14%

COMPOUNDED PROFIT GROWTH

10 Years:: 4%
5 Years:: —
3 Years:: 12%

STOCK PRICE CAGR

10 Years:: 14%
5 Years:: 37%
3 Years:: 8%
1 Year:: 33%

RETURN ON EQUITY

10 Years:: 6%
5 Years:: 13%
3 Years:: 15%
Last Year:: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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
	853	780	725	718	700	725	833	1,003	1,109	1,251
	459	471	354	219	197	164	252	257	367	486
Trade Payables	18	17	17	21	16	21	17	29	34	46
	205	168	140	127	35	45	10	187	210	295
Total Liabilities	1,543	1,445	1,244	1,092	958	964	1,121	1,485	1,728	2,086
	1,274	1,238	1,108	961	833	766	855	1,012	1,113	1,341
Capital Work in Progress	0	4	0	0	0	0	6	15	18	3
	15	0	0	0	12	30	36	71	158	120
	14	12	12	11	7	5	4	6	6	6
	0	0	0	0	0	0	0	179	221	259
Cash & Bank	3	3	4	3	2	10	21	81	48	80
	237	188	120	117	104	153	198	120	164	278
Total Assets	1,543	1,445	1,244	1,092	958	964	1,121	1,485	1,728	2,086

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	357	136	133	161	111	130	259	304	145	256
Cash from Investing	-189	-44	19	9	21	-76	-237	-346	-276	-333
Cash from Financing	-123	-82	-145	-174	-141	-48	-15	68	89	90
	-1	0	2	-1	-2	6	5	27	-41	13

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	47.25	47.25	47.25	47.25	47.25	47.25	47.25	47.25	47.25
	2.41	2.95	2.94	2.11	1.40	1.71	1.46	1.48	1.81
	3.34	3.65	3.89	3.25	1.61	1.39	1.40	1.30	1.40
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	47.00	46.16	45.92	47.39	49.74	49.64	49.89	49.97	49.54

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-08

Resignation

2026-09-08 - Sanghvi Movers Limited has informed the Exchange regarding Resignation of Mr Amitabha Mukhopadhyay as Non-Executive Independent Director of the company w.e.f. September 07, 2026.

2026-09-07

Resignation of Director/KMP/SMP

2026-09-07 - Sanghvi Movers Limited has informed the Exchange about Resignation of Director/KMP/SMP

2026-09-07

Resignation of Director/KMP/SMP

2026-09-07 - Sanghvi Movers Limited has informed the Exchange about Resignation of Director/KMP/SMP

2026-09-07

Resignation

2026-09-07 - Sanghvi Movers Limited has informed the Exchange regarding Resignation of Mr Amitabha Mukhopadhyay as Non- Executive Independent Director of the company w.e.f. September 07, 2026.

2026-09-01

Disclosure under SEBI Takeover Regulations

2026-09-01 - Maithili Rishi Sanghvi has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

2026-08-26

Appointment

2026-08-26 - Sanghvi Movers Limited has informed the Exchange regarding Appointment of M/s M S K A & Associates LLP as Statutory Auditors of the company w.e.f. August 24, 2026.

2026-08-26

Shareholders meeting

2026-08-26 - Sanghvi Movers Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 24, 2026. Further, the company has informed the Exchange regarding voting results.

2026-08-24

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-24 - Sanghvi Movers Limited has informed the Exchange about Schedule of meet

2026-08-24

Shareholders meeting

2026-08-24 - Sanghvi Movers Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 24, 2026

News

Recent coverage and analyst commentary for SANGHVIMOV

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Sanghvi Movers Ltd.

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Free 5nance Account

Name

BEML

2097.05

97.87

17466.12

0.82

-27.01

57.87

819.62

29.28

7.94

0.24

ACE

1126.80

30.72

13418.29

0.18

1194.90

1122.78

7856.80

1104.88

31.80

15.00

SANGHVIMOV

442.70

19.23

3832.72

0.45

65.25

29.84

379.67

38.89

16.24

33.05

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

146

137

163

154

131

129

119

162

159

136

173

205

203

102

163

Operating Profit

114

104

OPM %

60.29%

61.98%

70.12%

59.85%

55.96%

53.40%

45.83%

54.87%

52.78%

42.30%

48.72%

50.48%

19.48%

Interest

Depreciation

Profit before Tax

Tax %

25.56%

25.29%

25.82%

27.10%

30.52%

28.68%

27.80%

25.62%

26.14%

26.29%

25.15%

Net Profit

9.64

4.22

7.04

5.51

4.60

3.00

2.13

5.02

4.83

2.62

3.77

7.10

4.76

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

553

228

282

323

224

335

456

598

541

674

717

187

145

193

166

137

197

199

219

255

344

432

Operating Profit

366

157

138

257

380

286

329

285

OPM %

66.25%

36.59%

31.62%

48.54%

38.95%

41.14%

56.35%

63.48%

52.79%

48.92%

39.73%

Interest

Depreciation

150

137

141

140

122

118

121

132

128

129

133

Profit before Tax

161

-88

-86

-21

-32

149

251

178

214

213

Tax %

32.40%

34.58%

32.69%

69.08%

29.82%

25.49%

24.75%

25.54%

28.28%

25.99%

25.87%

Net Profit

109

-57

-58

-7

-22

112

187

128

159

158

EPS

25.22

-13.28

-13.41

-1.53

-5.18

6.80

25.88

43.22

14.74

18.32

—

Dividend Payout %

15.86%

0.00%

14.71%

15.45%

13.88%

13.57%

10.91%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

853

780

725

718

700

725

833

1,003

1,109

1,251

459

471

354

219

197

164

252

257

367

486

Trade Payables

205

168

140

127

187

210

295

Total Liabilities

1,543

1,445

1,244

1,092

958

964

1,121

1,485

1,728

2,086

1,274

1,238

1,108

961

833

766

855

1,012

1,113

1,341

Capital Work in Progress

158

120

179

221

259

Cash & Bank

237

188

120

117

104

153

198

120

164

278

Total Assets

1,543

1,445

1,244

1,092

958

964

1,121

1,485

1,728

2,086

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

357

136

133

161

111

130

259

304

145

256

Cash from Investing

-189

-44

-76

-237

-346

-276

-333

Cash from Financing

-123

-82

-145

-174

-141

-48

-15

-1

-2

-41

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

47.25

2.41

2.95

2.94

2.11

1.40

1.71

1.46

1.48

1.81

3.34

3.65

3.89

3.25

1.61

1.39

1.40

1.30

1.40

Government

0.00

47.00

46.16

45.92

47.39

49.74

49.64

49.89

49.97

49.54

Sanghvi Movers Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Sanghvi Movers Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI