Sanghvi Movers Ltd - Stock Valuation and Financial Performance

BSE: 530073 | NSE: SANGHVIMOV | Construction Vehicles | Small Cap

Sanghvi Movers Share Price

1,087.45 -1.90 -0.17%
as on 12-Jul'24 16:01

DeciZen - make an informed investing decision on Sanghvi Movers

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Sanghvi Movers stock performance -

mw4me loader
P/E Ratio (SA):
24.96
Market Cap:
4,691.8 Cr.
52-wk low:
510
52-wk high:
1,483

Is Sanghvi Movers Ltd an attractive stock to invest in?

1. Is Sanghvi Movers Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Sanghvi Movers Ltd is a average quality company.

2. Is Sanghvi Movers Ltd undervalued or overvalued?

The key valuation ratios of Sanghvi Movers Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Sanghvi Movers Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Sanghvi Movers Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Sanghvi Movers:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Sanghvi Movers Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 1.6%3.2%12.9%11%-2.3%-2.6%1.8%-1.2%4.3%12%-
Value Creation
Index
-0.9-0.8-0.1-0.2-1.2-1.2-0.9-1.1-0.7-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 244308531553228282323224335456619
Sales YoY Gr.-26.1%72.2%4.2%-58.7%23.6%14.3%-30.7%49.8%36%-
Adj EPS -312624.6-16.2-15.3-2-6.96.223.943.4
YoY Gr.-NA2631.6%-5.4%-166.1%NANANANA284.9%-
BVPS (₹) 149.9151.2174.5199182.3169.4167.8163.8169.6194.4233.8
Adj Net
Profit
-134.1112106-70.2-66.2-8.8-3026.9104188
Cash Flow from Ops. 208208258311126128163119130257-
Debt/CF from Ops. 2.21.62.31.74.33.51.91.71.30.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.2%14.8%12.2%36%
Adj EPS NANANA284.9%
BVPS2.9%1.3%5%14.7%
Share Price 21.9% 58.1% 74.3% 92.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-20.615.913.2-8.5-8.7-1.2-4.23.713.220.3
Op. Profit
Mgn %
57.357.963.366.336.631.648.541.741.457.761.6
Net Profit
Mgn %
-5.31.321.219.2-30.8-23.5-2.7-13.4822.730.4
Debt to
Equity
0.70.50.80.60.70.60.40.30.20.20.2
Working Cap
Days
33520713215333520514419214514496
Cash Conv.
Cycle
275156829123412865103928439

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 20.30%

Sales growth is growing at healthy rate in last 3 years 12.18%

Sales growth is good in last 4 quarters at 36.30%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Sanghvi Movers Ltd.

Standalone Consolidated
TTM EPS (₹) 43.4 40.2
TTM Sales (₹ Cr.) 619 580
BVPS (₹.) 233.8 222.9
Reserves (₹ Cr.) 1,003 956
P/BV 4.64 4.86
PE 24.96 26.94
From the Market
52 Week Low / High (₹) 510.00 / 1483.00
All Time Low / High (₹) 0.76 / 1483.00
Market Cap (₹ Cr.) 4,692
Equity (₹ Cr.) 8.7
Face Value (₹) 2
Industry PE 42.2

Management X-Ray of Sanghvi Movers:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Sanghvi Movers

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales244308531553228282323224335456
Operating Expenses 108130202187145193166137197199
Manufacturing Costs63821241308411411187126133
Material Costs0000000000
Employee Cost 14162222151920202532
Other Costs 32315635466035294734
Operating Profit 136178329366848915787138257
Operating Profit Margin (%) 55.8%57.9%61.9%66.3%36.6%31.6%48.5%39.0%41.1%56.4%
Other Income 57251020133293730
Interest 46435565554841261717
Depreciation 119120126150137141140122118121
Exceptional Items 0000000000
Profit Before Tax -2323172161-88-86-21-3239149
Tax -8156552-30-28-15-101037
Profit After Tax -158107109-57-58-7-2229112
PAT Margin (%) -5.9%2.6%20.1%19.7%-25.2%-20.6%-2.0%-10.0%8.8%24.6%
Adjusted EPS (₹)-3.41.924.725.2-13.3-13.4-1.5-5.26.825.9
Dividend Payout Ratio (%)0%27%12%16%0%0%0%0%15%15%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 649654755861789733726709734842
Share Capital 9999999999
Reserves 640646747853780725718700725833
Minority Interest0000000000
Debt26827146345447135421915412094
Long Term Debt26327146241045932820814912094
Short Term Debt50144122611501
Trade Payables11112018171721162117
Others Liabilities 2891642572101681401277890173
Total Liabilities 1,2171,1001,4961,5431,4451,2441,0929589641,127

Fixed Assets

Gross Block1,7131,7171,3771,5141,5701,5581,5311,5171,5631,759
Accumulated Depreciation708826126240332450570685797904
Net Fixed Assets1,0058911,2511,2741,2381,108961833766855
CWIP 01850400007
Investments 07815000123036
Inventories10101114121211754
Trade Receivables149124155166135736281121140
Cash Equivalents 19284334321021
Others Assets34236371544655233263
Total Assets 1,2171,1001,4961,5431,4451,2441,0929589641,127

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 208208258311126128163119130257
PBT -2323172161-88-86-21-3239149
Adjustment 163160188207173177178131120115
Changes in Working Capital 7824-40-125143512-30-6
Tax Paid -101-62-45-10-5280-1
Cash Flow From Investing Activity -18-34-487-189-4419921-76-237
Capex -9-49-491-171-60199-1-58-232
Net Investments -4142-21150022-18-5
Others -5114000001
Cash Flow From Financing Activity -204-151205-123-82-145-174-141-48-15
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -49-44-47-61-61-49-41-26-16-18
Dividend Paid -40-150-170000-4
Others -151-107267-62-4-96-133-116-327
Net Cash Flow -1423-24-102-1-265
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-2.211.2415.1713.51-6.97-7.63-0.9-3.124.0814.22
ROCE (%)1.966.2719.3716.41-2.43-3.091.78-0.586.2917.2
Asset Turnover Ratio0.190.270.410.360.150.210.280.220.350.44
PAT to CFO Conversion(x)N/A262.412.85N/AN/AN/AN/A4.482.29
Working Capital Days
Receivable Days2791619610624013477117110105
Inventory Days1612782116131464
Payable Days0000000000

Sanghvi Movers Ltd Stock News

Sanghvi Movers Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sanghvi Movers on 12-Jul-2024 16:01 is ₹1,087.5.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Jul-2024 16:01 the market cap of Sanghvi Movers stood at ₹4,691.8.
The latest P/E ratio of Sanghvi Movers as of 12-Jul-2024 16:01 is 24.96.
The latest P/B ratio of Sanghvi Movers as of 12-Jul-2024 16:01 is 4.64.
The 52-week high of Sanghvi Movers is ₹1,483 and the 52-week low is ₹510.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sanghvi Movers is ₹618.5 ( Cr.) .

About Sanghvi Movers Ltd

Sanghvi Movers Limited (SML) is the largest crane rental company in India and Asia, and the fifth-largest in the world as ranked by International Cranes (June 2021). Headquartered in Pune, SML was incorporated in 1989 and went through an Initial Public Offering in 1994. The shares of the company are traded on the Bombay Stock Exchange and National Stock Exchange.

 SML is an ISO 9001:2015, ISO 14001:2015 & ISO 45001:2018 certified company. The company has a fleet of many medium to large-sized heavy-duty telescopic and crawler cranes ranging from 20 to 1000 MT across various operational job sites in India.

The company’s fleet is primarily catered for the construction of various industrial plants like Power, Steel, Cement, Fertilizers, Petrochemicals & Refineries, Metros (underground as well as elevated) and Windmill sector. The company also has many High Bed Trailers and lots of multi-axle lines which are being used for the movement of its crane and crane parts from one location to another.

Business area of the company

The company is engaged in the business of providing hydraulic and crawler cranes to various industries in the infrastructure sector.

Milestones

  • 1989: Established by Chandrakant P. Sanghvi.
  • 1995: SML was listed on the BSE and raised Rs 17.50 crore.
  • 1997-98: Deployed a capex of Rs 55 crore to meet requirement of projects: Reliance Petroleum Refinery at Jamnagar and ONGC-Oil field project.
  • 2007: Raised Rs 72 crore of equity on preferential share allotment basis to a well-known Goldpeak Ltd., investment arm of CLSA Private Equity Firm. Fund were deployed towards capex and initiation of debt reduction.
  • 2008: Focused on Wind Energy.
  • 2011: Awarded 7th largest crane company in the world by International Crane Magazine.
  • 2015-18: SML added Rs 815 crore worth of crane fleet in form of growth Capex.
  • 2019: Awarded 6th largest ranking in the world by International Crane Magazine.
  • 2020: Awarded 5th largest ranking in the world by International Crane Magazine.
  • 2021: Awarded 5th largest ranking in the world by International Crane Magazine.
  • 2021: maintained average utilization of 56% despite Covid-19 scenario and significantly reduced its debt by Rs 345 crore in last 3 years.
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