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Swing Capital

Sanghvi Movers Ltd

NSE: SANGHVIMOV BSE: 530073

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]

₹308
52W: ₹221 — ₹413
PE 18.2 · Book ₹135 · +128% vs book
Market Cap₹2,668 Cr
Stock P/E18.2Price to Earnings
ROCE11.8%Return on Capital
ROE10%Return on Equity
Div. Yield0.62%Face Value ₹1

Strengths

  • +Company has delivered good profit growth of 66.8% CAGR over last 5 years

Weaknesses

  • −Company has a low return on equity of 13.6% over last 3 years.
  • −Debtor days have increased from 87.8 to 112 days.

Shareholding Pattern

Promoters47.25%
FIIs1.48%
DIIs1.3%
Public49.97%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters47.25%47.25%47.25%47.25%47.25%47.25%47.25%47.25%
FIIs2.41%2.95%▲0.52.94%▼0.02.11%▼0.81.4%▼0.71.71%▲0.31.46%▼0.31.48%▲0.0
DIIs3.34%3.65%▲0.33.89%▲0.23.25%▼0.61.61%▼1.61.39%▼0.21.4%▲0.01.3%▼0.1
Public47.01%46.16%▼0.945.91%▼0.347.38%▲1.549.74%▲2.449.64%▼0.149.89%▲0.349.97%▲0.1

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales137163165131129119162159136173
Expenses52497358606473757988
Operating Profit851149273695589845884
OPM %62%70%56%56%53%46%55%53%42%49%
Net Profit37614841291843422333
EPS ₹4.297.085.514.693.392.135.024.832.623.77

AI Insights

Revenue Trend

TTM revenue at ₹631Cr, up 16.6% YoY. OPM at 50%.

Debt Position

Borrowings at ₹474Cr. Debt-to-equity ratio: 0.41x. Healthy balance sheet.

Capex Cycle

CWIP at ₹5Cr (0% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 1.3% (-0.43pp change). FIIs: 1.48% (-0.16pp change). Promoters hold 47.25%.

Margin & Efficiency

ROCE improving from 2% (Mar 2014) to 12% (Mar 2025). Working capital days: 14.

Valuation

PE 18.2x with 11.8% ROCE. Price is 128% above book value of ₹135. Dividend yield: 0.62%.

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