SANGHVIMOV

Sanghvi Movers Limited

Crane rental and heavy-lifting contractor for infrastructure and energy projects

Services›Services›Commercial Services & Supplies›Diversified Commercial Services

sanghvicranes.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹344.95
Market cap
2,985 Cr
Stock P/E
15.0
P/B
2.28
Dividend yield
0.6%
ROE (FY26)
14.1%
ROCE (FY26)
14.6%
Operating margin (FY26)
25.1%
Debt / equity (FY26)
0.51
OCF / EBITDA (FY26)
69.5%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Sanghvi Movers (SML) rents heavy cranes and lifting equipment to wind, power, steel and infrastructure projects, and also runs a renewables engineering and construction business.

Company snapshot

15thBy market cap

Ranked among 36 companies in Diversified Commercial Services.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 64.0% of revenue

SegmentRevenue shareRevenuePBTAssets
(a) Crane hiring and other ancillary services
64.0%
133 Cr34 Cr0 Cr
(b) Wind EPC
39.5%
82 Cr17 Cr0 Cr
(c) Project EPC
5.6%
12 Cr5 Cr0 Cr

Shares add up to 109% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓Net margin of 17.2% — the business keeps a healthy share of every rupee it earns.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricJun 2023Sept 2023Dec 2023Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales146 Cr140 Cr167 Cr151 Cr156 Cr208 Cr267 Cr273 Cr210 Cr236 Cr351 Cr380 Cr
Operating expenses (approx.)58 Cr54 Cr52 Cr76 Cr83 Cr132 Cr161 Cr174 Cr129 Cr150 Cr217 Cr254 Cr
EBITDA88 Cr86 Cr115 Cr74 Cr73 Cr76 Cr107 Cr100 Cr81 Cr85 Cr134 Cr125 Cr
OPM %60.3%61.5%68.7%49.4%46.9%36.5%40.0%36.4%38.5%36.2%38.2%33.0%
Other income6 Cr5 Cr6 Cr20 Cr8 Cr6 Cr7 Cr7 Cr8 Cr6 Cr8 Cr13 Cr
Interest5 Cr7 Cr7 Cr6 Cr6 Cr6 Cr7 Cr7 Cr7 Cr9 Cr13 Cr13 Cr
Depreciation33 Cr34 Cr32 Cr33 Cr33 Cr31 Cr31 Cr31 Cr31 Cr33 Cr36 Cr39 Cr
Profit before tax56 Cr50 Cr82 Cr56 Cr42 Cr45 Cr75 Cr68 Cr50 Cr40 Cr95 Cr88 Cr
Tax %25.5%25.5%25.3%27.1%30.1%26.2%27.9%26.4%27.2%27.7%27.4%25.5%
Net profit42 Cr37 Cr61 Cr40 Cr29 Cr33 Cr54 Cr50 Cr36 Cr29 Cr69 Cr65 Cr
EPS (₹)₹9.65₹8.59₹14.16₹9.35₹3.36₹3.82₹6.22₹5.80₹4.19₹3.35₹7.95₹7.54

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2022Mar 2023Mar 2025Mar 2026TTM
Sales335 Cr456 Cr782 Cr1,070 CrSign in free for the trailing twelve months
Operating expenses (approx.)197 Cr199 Cr452 Cr671 CrSign in free for the trailing twelve months
EBITDA138 Cr257 Cr330 Cr400 CrSign in free for the trailing twelve months
OPM %41.1%56.4%42.2%37.4%Sign in free for the trailing twelve months
Other income37 Cr30 Cr41 Cr29 CrSign in free for the trailing twelve months
Interest17 Cr17 Cr26 Cr37 CrSign in free for the trailing twelve months
Depreciation118 Cr121 Cr129 Cr132 CrSign in free for the trailing twelve months
Profit before tax39 Cr149 Cr217 Cr253 CrSign in free for the trailing twelve months
Tax %25.5%24.7%27.8%27.1%Sign in free for the trailing twelve months
Net profit29 Cr112 Cr157 Cr184 CrSign in free for the trailing twelve months
EPS (₹)₹6.79₹25.89₹18.08₹21.29Sign in free for the trailing twelve months
Dividend payout %0.0%3.9%16.6%9.4%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2022Mar 2023Mar 2025Mar 2026
Equity capital9 Cr9 Cr9 Cr9 Cr
Reserves725 Cr833 Cr1,134 Cr1,302 Cr
Borrowings167 Cr183 Cr438 Cr674 Cr
Other liabilities64 Cr96 Cr185 Cr359 Cr
Total liabilities964 Cr1,121 Cr1,765 Cr2,343 Cr
Fixed assets (net)766 Cr855 Cr1,109 Cr1,422 Cr
CWIP0 Cr6 Cr18 Cr9 Cr
Investments33 Cr39 Cr152 Cr89 Cr
Loans & advances0.15 Cr0.22 Cr0.35 Cr0.44 Cr
Inventories5 Cr4 Cr6 Cr6 Cr
Trade receivables121 Cr140 Cr308 Cr424 Cr
Cash & bank2 Cr12 Cr7 Cr37 Cr
Other assets37 Cr63 Cr167 Cr356 Cr
Total assets964 Cr1,121 Cr1,765 Cr2,343 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2022Mar 2023Mar 2025Mar 2026
Cash from operating activity130 Cr257 Cr162 Cr278 Cr
Cash from investing-81 Cr-237 Cr-286 Cr-418 Cr
Cash from financing-48 Cr-15 Cr89 Cr182 Cr
Net cash flow0.92 Cr5 Cr-36 Cr42 Cr
Free cash flow (OCF − Capex)72 Cr25 Cr-75 Cr-129 Cr

Ratios

MetricMar 2022Mar 2023Mar 2025Mar 2026
ROCE %6.3%16.2%15.3%14.6%
ROE %4.0%13.3%13.7%14.1%
Debtor days131112143144
Inventory days5432
Days payable23143844
Cash conversion cycle114102108102
OCF / EBITDA %94.2%100.2%48.9%69.5%
Debt / equity0.230.220.380.51
Current ratio2.021.551.741.77
Net debt / EBITDA1.190.661.311.59