Sanghvi Movers Ltd

Sanghvi Movers Ltd

₹ 332 0.85%
04 Dec 1:52 p.m.
About

Sanghvi Movers provides medium to heavy duty cranes on rental basis to various private and public sector undertakings. SML’s crane fleet consists of medium to large size hydraulic truck mounted telescopic and lattice boom cranes and crawler lattice boom cranes having a lifting capacity ranging from 20 MT to 1000 MT.[1]

Key Points

Largest Crane Hiring Company[1]
Company is Asia’s largest crane rental operator with 346 cranes as of FY24. The company has 17 strategically placed depots (13 operational) across the country.

  • Market Cap 2,879 Cr.
  • Current Price 332
  • High / Low 747 / 302
  • Stock P/E 29.4
  • Book Value 122
  • Dividend Yield 0.91 %
  • ROCE 15.2 %
  • ROE 12.4 %
  • Face Value 1.00

Pros

Cons

  • Contingent liabilities of Rs.873 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Jun 2024 Sep 2024
76 71 79 109 97 109 122 127 146 140 167 151 156
45 35 44 74 49 52 47 50 58 54 52 76 83
Operating Profit 31 36 36 36 48 57 75 77 88 86 115 74 73
OPM % 41% 51% 45% 33% 49% 52% 61% 60% 60% 62% 69% 49% 47%
0 6 8 22 4 15 6 5 6 5 6 20 8
Interest 4 4 5 4 3 4 4 5 5 7 7 6 6
Depreciation 30 30 29 29 29 31 31 31 33 34 32 33 33
Profit before tax -3 8 10 25 19 38 46 46 56 50 82 56 42
Tax % -25% 44% 11% 25% 25% 23% 25% 26% 26% 26% 25% 27% 30%
-3 5 9 19 14 29 35 34 42 37 61 40 29
EPS in Rs -0.29 0.52 1.02 2.15 1.67 3.34 4.01 3.92 4.83 4.30 7.08 4.68 3.36
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023
224 335 456
137 197 199
Operating Profit 87 138 257
OPM % 39% 41% 56%
29 37 30
Interest 26 17 17
Depreciation 122 118 121
Profit before tax -32 39 149
Tax % -30% 26% 25%
-22 29 112
EPS in Rs -2.59 3.39 12.94
Dividend Payout % 0% 15% 15%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 36%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 289%
Stock Price CAGR
10 Years: 14%
5 Years: 54%
3 Years: 47%
1 Year: -19%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Sep 2024
Equity Capital 9 9 9
Reserves 725 833 1,047
167 183 341
64 96 116
Total Liabilities 964 1,121 1,513
769 858 1,033
CWIP 0 7 3
Investments 30 35 157
165 220 320
Total Assets 964 1,121 1,513

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023
130 257
-76 -237
-48 -15
Net Cash Flow 6 5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023
Debtor Days 86 79
Inventory Days
Days Payable
Cash Conversion Cycle 86 79
Working Capital Days 100 87
ROCE % 15%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
47.25% 47.25% 47.25% 47.25% 47.25% 47.25% 47.25% 47.25% 47.25% 47.25% 47.25% 47.25%
0.10% 0.30% 0.28% 1.03% 1.35% 1.47% 1.64% 1.99% 2.12% 2.49% 2.41% 2.95%
1.23% 1.20% 1.08% 1.58% 2.06% 1.68% 1.73% 1.77% 1.62% 2.59% 3.34% 3.65%
51.42% 51.25% 51.39% 50.14% 49.36% 49.61% 49.39% 49.00% 49.01% 47.67% 47.01% 46.16%
No. of Shareholders 21,27926,50827,14527,32425,28627,05331,71539,44244,90249,31066,37165,948

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls