The 5-year analysis of Sanghvi Movers Ltd's performance infers:
We analysed the performance of Sanghvi Movers Ltd share prices over the last 10 years. Here is what we found out:
Sanghvi Movers (SML) incorporated in 1989; is a flagship company of the Sanghvi Group. SML is one the largest crane hiring company in India, 3rd largest in Asia.
The company is ranked 10th largest in the world by Cranes International.
The company owns a fleet of 278 medium to large sized Heavy Duty Hydraulic and crawler cranes with capacity ranging from 20 tons to 800 tons.
SMl has service network at various depots located in Pune, Vadgaon, Chakan, Nagpur, Jamnagar, Bharuch, Delhi, Cuttack, Bangalore, Chennai and others.
The company caters various sectors such as wind power, steel, power, refinery, cement, metals, construction and paper.
It is has clientele namely Suzlon, L & T ECC, Vedanta Group, Inox India, Hyundai, Shapoorji & Pallonji, Reliance, Welspun, Tata Chemicals, GE Power, Tata steel, ACC, Rolls Royce, ONGC, ISPAT are among others.
The company was acknowledged as â€œFastest Growing equipment- Rental Companyâ€ at Construction World-Nicmar Award 2007.
SML was awarded certificate for inclusion in International Cranes and Specialised Transport IC50 listing.
The company is planning to invest Rs 500 crore over the next two years for acquiring cranes of various tonnages. In first year the company plans to increase the fleet size from 278 cranes to 329 cranes in crawler and hydraulic segments.