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NSE:SANGHVIMOV

SANGHVI MOVERS LTD

Services › Commercial Services & Supplies
₹346.10
at close · 28 Oct 2026
▲ 17.85 (+5.44%)

Latest filings

Next results: Mon, 2 Nov · Financial Results
  1. Board meeting set for Q2 and H1 FY2027 results · Results
  2. Quarterly dematerialisation certificate filed with BSE and NSE · Compliance
  3. Inter-se transfer of 12.19% shares among promoter group via gift · Ownership Changes
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Rents cranes and related heavy-lifting equipment to infrastructure, energy, and industrial customers in India, Saudi Arabia, and Botswana, and also executes wind and project EPC contracts. Crane hiring and ancillary services made up 68.8% of segment revenue (₹830.17 crore) at a 30.6% EBIT margin in FY26; Wind EPC, operated through subsidiary Sangreen Future Renewables which carries a 17+ GW track record, made up 27.5% (₹332.57 crore); and small-scale Project EPC made up 3.7% (₹44.68 crore). Asset utilization rose to 79% in FY26 from 74% the prior year, with an order book of ₹1,053 crore and an inquiry pipeline of ₹4,000 crore. India added a record 6.1 GW of wind capacity in FY26 (+46% YoY), supporting heavy-lift demand, while the KSA business crossed monthly EBITDA positivity with 85-90% utilization and yields above 4.5%. The asset-heavy rental model shows up in FY26 capex of ₹407.51 crore (38.1% of revenue), depreciation at 12.3%, and other operating expenses at 53.9%. Management plans ₹713 crore of FY27 capex (61 cranes) across India and KSA, targeting roughly 30% revenue growth.

Revenue mix · reported segments
Crane hiring and other ancillary services68.8%
Wind EPC27.5%
Project EPC3.7%
Operating scale
Asset utilization (India)
79%FY26
Order book
₹1,053 croreFY26 (executable in FY27)
Inquiry pipeline
₹4,000 croreFY26
KSA crane utilization and yield
85-90% utilization; yield above 4.5%FY26
FY27 capex plan
₹713 crore (~61 cranes: ₹390 cr India + ₹200 cr KSA + ₹123 cr spillover)FY27
Sangreen Future Renewables track record
17+ GWas of FY26
Who pays it
Infrastructure, energy, and industrial project developers in India, Saudi Arabia, and Botswana
Biggest cost
Other operating expenses (53.9% of revenue) and depreciation of the crane fleet (12.3% of revenue)
Kind of business
Asset-heavy crane rental and EPC services business
Where it sits
India's largest and the world's fifth-largest crane rental company
Market Cap
₹2,996 Cr
P / E (TTM)
15.0×
EV / EBITDA
8.0×
Div Yield
0.58%
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
15.5%▲
ROCE (FY26)
ROE 14.1% · margin 39.3%
Leverage
0.51·
Debt / Equity · moderate
Net debt ₹637 Cr
Revenue FY22→FY26
3.2×▲
Margin +8.4 pts
₹335 Cr → ₹1,070 Cr
Cash conversion
1.71×▲
Operating cash ÷ profit · 4 yrs
₹827 Cr on ₹482 Cr
Moves on a normal day
1.96%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 127 Diversified Commercial Services peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#43/79
P/B#62/95
ROCE#23/103
ROE#18/113
Debt / Equity#71/91
EBITDA margin#37/92
Revenue growth#31/91
Profit growth#53/110

Scorecard

Measured from the filed financials, judged against its Diversified Commercial Services peers · as of FY26 — not investment advice

Strengths
Returns on capital 15.5%
#23 of 103 in Diversified Commercial Services on the latest reported figures · up from 6.5% in FY22
Over 4 years it reported ₹482 Cr of profit and ₹827 Cr of operating cash — 1.71×
Profit is converting into cash
Concerns
Carries more debt than its peers — 0.51× equity
higher than 78% of its 91 Diversified Commercial Services peers

Charts

How has the market priced it — with filings on the timeline?

SANGHVIMOV · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from SANGHVI MOVERS LTD's filed financials and exchange disclosures

What does SANGHVI MOVERS LTD do?

SANGHVI MOVERS LTD is a Commercial Services & Supplies company listed on NSE and BSE, trading under the symbol SANGHVIMOV.

Is SANGHVI MOVERS LTD profitable?

Yes. Over the trailing twelve months SANGHVI MOVERS LTD reported a net profit of ₹199 Cr on revenue of ₹1,177 Cr.

Does SANGHVI MOVERS LTD pay a dividend?

Yes. The dividend yield is 0.58% at the current price. It paid out 9% of its profit as dividend in FY26.

Is SANGHVI MOVERS LTD debt-free?

No. It reported borrowings of ₹674 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹637 Cr after cash. Debt stands at 0.51× equity. That is higher than 78% of its 91 Diversified Commercial Services peers.

Is SANGHVI MOVERS LTD expensive compared with its peers?

On trailing P/E, SANGHVI MOVERS LTD ranks 43 of 79 in Diversified Commercial Services — cheaper than 46% of them, against an industry median of 13.0×. This is a position, not a valuation judgement.

How much does the SANGHVI MOVERS LTD share price move in a day?

On a typical session SANGHVI MOVERS LTD moves 1.96% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are SANGHVI MOVERS LTD's next results?

Financial Results on Mon, 2 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track SANGHVI MOVERS LTD's announcements?

Every NSE and BSE filing by SANGHVI MOVERS LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.