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Sanghvi Movers Ltd (SANGHVIMOV)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530073 NSE: SANGHVIMOV Construction Vehicles | Small Cap | Sanghvi Movers Share Price

₹487 -9.40 (-1.89%)

As on 14-Aug'26 15:32

Sanghvi Movers Ltd (SANGHVIMOV)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530073 NSE: SANGHVIMOV Construction Vehicles | Small Cap | Sanghvi Movers Share Price

₹487 -9.40 (-1.89%)

As on 14-Aug'26 15:32

Key Metrics
Valuation Multiples
Market Cap
₹4,298 Cr.
Current Price
₹487
52-Week Low / High
₹221 / 528
TTM EPS
₹18.3
TTM Sales
₹717 Cr.
Book Value per Share
₹150.2
P/E Ratio
27.20
Higher than its 5-year historical median
Industry PE
41.8
Price to Book (P/B)
3.30
Higher than its 5-year historical median
Price to Sales (P/S)
5.99
Higher than its 5-year historical median
EV/EBITDA
12.35
Higher than its 5-year historical median
Dividend Yield
0.41%
Profitability Efficiency
Return on Equity (ROE)
13.35%
In line with industry median
Return on Capital Employed (ROCE)
14.54%
In line with industry median
Return on Assets (ROA)
8.32%
Operating Profit Margin
48.9%
Net Profit Margin
23.55%
Gross Profit Margin
52.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
24.51%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
15.36%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
24.31%
Asset Quality
Promoter Holding
47.25%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,292 Cr.
Equity
₹8.7 Cr.
Face Value
₹1
All Time Low / High
₹0.38 / 741.50

Sanghvi Movers stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Overvalued

Price Trend

Strong
Q.1 Is Sanghvi Movers Ltd a good quality company?
Sanghvi Movers Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Sanghvi Movers Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Sanghvi Movers Ltd vs industry peers?
Sanghvi Movers Ltd revenue CAGR is 24.66%, compared to the industry median CAGR of 15.69%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Sanghvi Movers Ltd?
Promoters hold 47.25% of the Sanghvi Movers Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Sanghvi Movers Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 14.2% based on the current price.

10 Year X-Ray :

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

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 16.4%-2.4%-3.1%1.8%-0.6%6.3%17.2%23.7%14.3%14.5%-
Value Creation
Index
0.2-1.2-1.2-0.9-1.0-0.60.20.80.00.0-

Growth Parameters

Sales 553228282323224335456619541674717
Sales YoY Gr.--58.7%23.6%14.3%-30.7%49.8%36%35.7%-12.5%24.5%-
Adj EPS 12.3-8.1-7.7-1-3.53.11220.512.917.318.3
YoY Gr.--166%NANANANA284.9%70.8%-37%34.3%-
BVPS (₹) 99.591.184.783.981.984.897.2116.9129.1145.5150.2
Adj Net
Profit
106-70.2-66.2-8.8-3026.9104177112150158
Cash Flow from Ops. 311126128163119130257304145256-
Debt/CF from Ops. 1.74.33.51.91.71.30.7132.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 2.2%24.7%13.9%24.5%
Adj EPS 3.9%NA13.1%34.3%
BVPS4.3%12.2%14.4%12.7%
Share Price 14% 37.6% 15.3% 48.7%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
13.2-8.5-8.7-1.2-4.23.713.219.110.512.612.3
Op. Profit
Mgn %
66.336.631.648.541.741.457.761.653.148.946
Net Profit
Mgn %
19.2-30.8-23.5-2.7-13.4822.728.620.622.222
Debt to
Equity
0.60.70.60.40.30.20.20.30.40.5-
Working Cap
Days
153335205144192145140127231251159
Cash Conv.
Cycle
91234128651039284721049868

Valuation of Sanghvi Movers - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

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 (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales553228282323224335456598541674
Operating Expenses + 187145193166137197199219255344
Manufacturing Costs1308411411187126133142154223
Material Costs0000000000
Employee Cost 22151920202532404160
Other Costs 35466035294734376161
Operating Profit 366848915787138257380286329
Operating Profit Margin (%) 66.3%36.6%31.6%48.5%39.0%41.1%56.4%63.5%52.8%48.9%
Other Income + 1020133293730284754
Exceptional Items 000000000-8
Interest 65554841261717252632
Depreciation 150137141140122118121132128129
Profit Before Tax 161-88-86-21-3239149251178214
Tax 52-30-28-15-101037645056
Profit After Tax 109-57-58-7-2229112187128159
PAT Margin (%) 19.7%-25.2%-20.6%-2.1%-10.0%8.8%24.6%31.3%23.6%23.6%
Adjusted EPS (₹)12.6-6.6-6.7-0.8-2.63.412.921.614.718.3
Dividend Payout Ratio (%)15.90%0%0%0%0%14.70%15.50%13.90%13.60%10.90%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 8617897337267097348421,0121,1181,260
Share Capital 9999999999
Reserves 8537807257187007258331,0031,1091,251
Debt +454471354219154120163257367486
Long Term Debt41045932820814912094161232398
Short Term Debt4412261150709613588
Minority Interest0000000000
Trade Payables18171721162117293446
Others Liabilities 210168140127789098187210295
Total Liabilities 1,5431,4451,2441,0929589641,1211,4851,7282,086

Fixed Assets

Net Fixed Assets +1,2741,2381,1089618337668551,0121,1131,341
Gross Block1,5141,5701,5581,5311,5171,5631,7591,9982,2082,522
Accumulated Depreciation2403324505706857979049851,0951,181
CWIP 040000715183
Investments 1500012303671158120
Inventories14121211754666
Trade Receivables166135736281121140179221259
Cash Equivalents 334321021814880
Others Assets 71544655233257120164278
Total Assets 1,5431,4451,2441,0929589641,1211,4851,7282,086
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 311126128163119130257304145256
PBT 161-88-86-21-3239149252184214
Adjustment 207173177178131120115133119132
Changes in Working Capital -125143512-30-6-18-113-42
Tax Paid -45-10-5280-1-62-45-48
Cash Flow From Investing Activity + -189-4419921-76-237-346-276-333
Capex -171-60199-1-58-205-287-201-291
Net Investments -21150022-18-33-62-98-52
Others 400-000132311
Cash Flow From Financing Activity + -123-82-145-174-141-48-15688990
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -61-61-49-41-26-16-18-14-17-22
Dividend Paid 0-170000-4-17-26-17
Others -62-4-96-133-116-327100132129
Net Cash Flow -102-1-26527-4113
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)13.51-6.97-7.63-0.9-3.124.0814.2220.1911.9813.35
ROCE (%)16.41-2.43-3.091.78-0.586.2917.223.7214.2514.54
Asset Turnover Ratio0.360.150.210.280.220.350.440.460.340.35
PAT to CFO Conversion(x)2.85N/AN/AN/AN/A4.482.291.631.131.61
Working Capital Days
Receivable Days105.90240134.3076.60117.20110.30104.7097.40135.10130.20
Inventory Days8.102115.6012.7014.406.503.703.203.903.10
Payable Days0000000000

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Sanghvi Movers Ltd FAQs

The current trading price of Sanghvi Movers on 14-Aug-2026 15:32 is ₹487.0.

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 13-Aug-2026 the market cap of Sanghvi Movers stood at ₹4,297.6 Cr

The latest P/E ratio of Sanghvi Movers as of 13-Aug-2026 is 27.20.

The latest P/B ratio of Sanghvi Movers as of 13-Aug-2026 is 3.30.

The 52-week high of Sanghvi Movers is ₹527.9 and the 52-week low is ₹221.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sanghvi Movers is ₹717 ( Cr.) .

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

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

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

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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