Sanghvi Movers Ltd
NSE: SANGHVIMOV · Diversified Commercial Services · sector
₹332.80NSE close 2026-10-26
Key numbers
Market cap₹2,881 cr
Price₹332.80
52w high / low₹528 / ₹224
P/E14.4xSector median 13.0x
P/B2.2xSector median 1.6x
Book value₹151.3
Dividend yield0.60%Sector median 1.73%
ROE16.2%Sector median 3.4%
ROCE15.8%Sector median 8.1%
OPM35.5%Sector median 15.0%
Debt / equity0.51xSector median 0.07x
EV/EBITDA8.0xSector median 7.9x
Interest cover7.5x
Current ratio1.77x
Sales growth 3y+32.9%Sector median +12.9%
Profit growth 3y+18.0%Sector median +19.1%
PEG0.80x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 95 companies in Diversified Commercial Services (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹215 cr vs borrowings ₹674 cr (FY26): borrowings are higher by ₹458 cr.
- Borrowings rose in each of the last 3 years (₹183 cr → ₹674 cr).
- Operating profit covered interest 7.5x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 18% of net profit in the last 12 months.
- Debtor days went from 106 (FY24) to 145 (FY26).
- Dividend paid in 4 of the last 5 financial years.
- Price ₹332.80 on 2026-10-26: -37.0% from the 52-week high, +48.7% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹500.45 · low ₹217.75
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 156 | 208 | 267 | 273 | 210 | 236 | 351 | 380 |
| EBITDA | 73 | 76 | 107 | 100 | 81 | 77 | 135 | 125 |
| OPM % | 46.9% | 36.5% | 40.0% | 36.4% | 38.5% | 32.6% | 38.3% | 33.0% |
| Other income | 8 | 6 | 7 | 7 | 8 | 6 | 8 | 13 |
| Net profit | 29 | 33 | 54 | 50 | 36 | 29 | 69 | 65 |
| EPS (₹) | 3.36 | 3.82 | 6.22 | 5.80 | 4.19 | 3.35 | 7.95 | 7.54 |
| Revenue YoY | +34.4% | +13.4% | +31.4% | +38.9% | ||||
| Profit YoY | +24.6% | -13.7% | +27.8% | +29.8% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 335 | 456 | 619 | 782 | 1,070 | 1,177 |
| EBITDA | 138 | 257 | 381 | 330 | 392 | 418 |
| Net profit | 29 | 112 | 188 | 157 | 184 | 199 |
| EPS (₹) | 3.40 | 12.95 | 21.71 | 18.08 | 21.29 | 23.03 |
| Revenue growth | +35.9% | +35.7% | +26.4% | +36.9% | +30.1% | |
| Profit growth | +281.2% | +67.7% | -16.7% | +17.7% | +19.6% | |
| Dividend / share (₹) | – | 1.00 | 4.00 | 6.00 | 2.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +32.9% | +36.7% | +30.0% |
| Net profit | +18.0% | – | +19.6% |
| EPS | +18.0% | – | – |
| Share price | – | -11.0% (2y) | -8.6% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 842 | 1,012 | 1,143 | 1,310 |
| Borrowings | – | 183 | 292 | 438 | 674 |
| Cash & equivalents | – | 57 | 152 | 204 | 215 |
| Total assets | – | 1,121 | 1,424 | 1,765 | 2,343 |
| Fixed assets | – | 855 | 1,007 | 1,109 | 1,422 |
| Capital work in progress | – | 6 | 15 | 18 | 9 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 140 | 179 | 308 | 424 |
| Inventory | – | 4 | 6 | 6 | 6 |
| Payables | – | 17 | 29 | 82 | 130 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 130 | 257 | 304 | 162 | 278 |
| Cash from investing | -81 | -237 | -346 | -286 | -418 |
| Cash from financing | -48 | -15 | 68 | 89 | 182 |
| Capex | 58 | 232 | 324 | 237 | 408 |
| Free cash flow | 72 | 25 | -20 | -75 | -130 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 13.3% | 18.6% | 13.7% | 14.1% |
| ROCE % | – | 16.2% | 21.3% | 15.3% | 14.6% |
| Debtor days | – | 112 | 106 | 144 | 145 |
| Inventory days | – | 4 | 3 | 3 | 2 |
| Payable days | – | 14 | 17 | 38 | 44 |
| Cash conversion cycle (days) | – | 102 | 92 | 109 | 103 |
| Working capital days | – | 60 | 97 | 116 | 125 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 47.25% |
| FIIs | 2.28% |
| DIIs | 1.50% |
| of which Mutual funds | 0.41% |
| Public (non-institutions) | 48.97% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 47.25% | 47.25% | 47.25% | 47.25% | 47.25% | 47.25% | 47.25% | 47.25% |
| Promoter group | % |
|---|---|
| Rishi Chandrakant Sanghvi | 16.63% |
| Maithili Rishi Sanghvi | 13.19% |
| Mina Chandrakant Sanghvi | 11.60% |
| Niyoshi Chandrakant Sanghvi | 5.78% |
| Jethi Builders And Traders Pvt. Ltd. | 0.06% |
| Public holders above 1% | % |
|---|---|
| Kedar Dattatraya Borgaonkar | 7.51% |
| Arun Nahar | 1.26% |
| Anil Kumar Goel | 1.00% |
63,538 shareholders. Pledged: 0.00% of promoter shares.
Peers in Diversified Commercial Services
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| IGIL | ₹16,651 cr | 25.0x | 9.5x | 44.5% | 51.7% | 61.5% | – | 1.93% |
| WEWORK | ₹8,640 cr | 99.1x | 29.0x | 28.3% | 111.2% | 64.6% | – | – |
| IBULLSLTD | ₹6,919 cr | – | 1.1x | -0.4% | – | – | +918.1% | – |
| NESCO | ₹6,699 cr | 16.1x | 2.2x | 14.8% | 18.3% | 50.8% | +19.5% | 0.69% |
| NIRLON | ₹5,679 cr | 15.9x | 12.1x | 86.5% | 29.8% | 77.5% | +5.3% | 4.12% |
| RENTOMOJO | ₹5,292 cr | – | – | – | – | – | – | – |
| LEAPIND | ₹5,209 cr | – | – | – | – | – | – | – |
| SMARTWORKS | ₹5,085 cr | 182.4x | 9.6x | 5.2% | 56.6% | 64.2% | – | – |
| QUESS | ₹4,827 cr | 19.1x | 4.1x | 22.4% | 27.2% | 2.0% | -3.7% | – |
| SANGHVIMOV | ₹2,881 cr | 14.4x | 2.2x | 16.2% | 15.8% | 35.5% | +32.9% | 0.60% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Crane hiring and other ancillary services | ₹830 cr | 68.8% | ₹254 cr | 30.6% |
| Wind EPC | ₹333 cr | 27.5% | ₹47 cr | 14.2% |
| Project EPC | ₹45 cr | 3.7% | ₹8 cr | 18.2% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-14 | Dividend | Dividend - Rs 2 Per Share |
| 2025-09-12 | Dividend | Dividend - Rs 2 Per Share |
| 2024-09-27 | Split | Face Value Split (Sub-Division) - From Rs 2/- Per Share To Re 1/- Per Share |
| 2024-08-20 | Dividend | Dividend - Rs 6 Per Share |
| 2023-08-04 | Dividend | Dividend - Rs 4 Per Sh |
| 2022-08-10 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
| 2021-08-05 | Other | Annual General Meeting |
| 2020-09-17 | Other | Annual General Meeting |
| 2019-07-23 | Other | Annual General Meeting |
| 2018-07-26 | Other | Annual General Meeting |
| 2017-07-24 | Dividend | Annual General Meeting/Dividend-Rs 4 Per Share (Purpose Revised) |
| 2016-09-06 | Other | Annual General Meeting |
| 2016-03-22 | Dividend | Interim Dividend - Rs 3/- Per Share |
| 2015-09-07 | Dividend | Annual General Meeting/ Dividend - Re 0.50/- Per Share |
| 2014-09-11 | Other | Annual General Meeting |
| 2013-09-05 | Dividend | Annual General Meeting/Dividend Re 1/- Per Share |
| 2012-09-03 | Dividend | Annual General Meeting And Dividend Rs.3/- Per Share |
| 2011-09-19 | Dividend | Annual General Meeting And Dividend Rs.3/- Per Share |
| 2010-09-16 | Dividend | Annual General Meeting And Dividend Rs.3/- Per Share |
| 2009-07-16 | Other | Agm/Div-Rs.2/- Per Share |
Documents
- Annual report FY26
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Crane hiring services: SML is engaged in the supply of medium and heavy-duty cranes on a rental basis to private and public sector undertakings.
- Project EPC: Sangreen Future Renewables Private Limited is in the business of providing full-fledged turnkey services to independent power producers right from conceptualization to commissioning of wind turbine generator.
| Sector | Services |
| Industry | Diversified Commercial Services |
| Sub-industry | Diversified Commercial Services |
| Symbol | SANGHVIMOV |
| BSE code | 530073 |
| ISIN | INE989A01032 |
| Face value | ₹1.0 |
| Incorporated | 1989-11-03 |
| Website | www.sanghvicranes.com |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.