Sanghvi Movers is a prominent player in the infrastructure sector, specializing in the provision of hydraulic and crawler cranes. With a diverse fleet encompassing medium to large-size hydraulic truck-mounted telescopic and lattice boom cranes, as well as crawler cranes, the company offers lifting capacities spanning from 20 tons to a formidable 800 tons.
In this article, we delve into the comprehensive landscape of Sanghvi Movers, exploring its operations, industry impact, and notable achievements. Join us as we uncover the intricacies of this dynamic entity shaping the infrastructure landscape.
About Sanghvi Movers
Sanghvi Movers Limited (SML) stands tall as India’s premier crane hiring company, earning global recognition as the fifth-largest in the world according to “Cranes International.” With an impressive fleet of 387 cranes boasting lifting capacities ranging from 40 to 800 tons, sourced from renowned manufacturers across Germany, the USA, the UK, Japan, and Singapore, SML dominates the domestic market. Commanding an enviable market share of 40-45% in the overall crane rental market and a staggering 60-65% in the high-end crane market of over 400 MT, SML solidifies its position as an industry leader. The sector-wise revenue breakdown for FY22 reflects its diverse clientele, with windmill projects contributing 40%, followed by refinery & gas (21%), cement (11%), and power sectors (9%), among others. Bolstering its financial strength, SML boasts an impressive order book of ₹236 Cr. slated for execution in FY23.
Moreover, the company’s strategic focus on capacity utilization yielded substantial improvements, with average utilization surging to 76% in FY22 from 56% in FY21. This optimization, coupled with a streamlined cost structure, propelled the average blended yield to 1.7% in FY22, showcasing SML’s unwavering commitment to efficiency and profitability in its operations.
Sanghvi Movers’ Q3 2023 Financial Highlights: A Summary
- Sanghvi Movers’ standalone net sales for December 2023 reached Rs. 167.04 crore, marking a significant increase of 36.38% year-on-year.
- The quarterly net profit surged to Rs. 61.28 crore in December 2023, exhibiting a substantial growth of 76.46% compared to the same period in the previous year.
- EBITDA stood at Rs. 120.74 crore in December 2023, reflecting a robust rise of 47.78% year-on-year, showcasing improved operational performance.
- The company’s earnings per share (EPS) rose to Rs. 14.16 in December 2023 from Rs. 8.02 in December 2022, indicating enhanced profitability per share.
- Sanghvi Movers’ shares closed at 1,028.45 on February 07, 2024, on the Bombay Stock Exchange (BSE), delivering impressive returns of 58.02% over the last 6 months and an outstanding 194.85% over the last 12 months, demonstrating strong investor confidence and market performance.
Below are the trading platforms that you can use to purchase Sanghvi Movers’ shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| April 2024 | 1,435.32 | 1,248.10 |
| May 2024 | 1,414.11 | 1,229.66 |
| June 2024 | 1,465.02 | 1,273.93 |
| July 2024 | 1,450.37 | 1,261.19 |
| August 2024 | 1,508.38 | 1,311.64 |
| September 2024 | 1,568.72 | 1,364.10 |
| October 2024 | 1,537.96 | 1,337.35 |
| November 2024 | 1,584.10 | 1,377.47 |
| December 2024 | 1,623.70 | 1,411.91 |
Sanghvi Movers’ share price targets for 2024 indicate a promising trajectory, with projections ranging from a maximum of ₹1,623.70 to a minimum of ₹1,248.10 by the end of December.
With a market capitalization of ₹5,756 crore and a current price of ₹1,329 as of April 2nd, 2024, the stock has seen highs and lows of ₹1,400 and ₹341, respectively. Sporting a P/E ratio of 33.1 and a book value of ₹209, the company offers a dividend yield of 0.31%. Notably, its ROCE stands at 15.2%, and ROE at 12.4%, reflecting its robust performance and investor appeal.
| When | Maximum Price | Minimum Price |
| January 2025 | 1,656.17 | 1,273.98 |
| February 2025 | 1,698.64 | 1,306.64 |
| March 2025 | 1,764.88 | 1,357.60 |
| April 2025 | 1,730.28 | 1,330.98 |
| May 2025 | 1,679.88 | 1,292.22 |
| June 2025 | 1,755.48 | 1,350.37 |
| July 2025 | 1,721.06 | 1,323.89 |
| August 2025 | 1,774.28 | 1,364.83 |
| September 2025 | 1,836.38 | 1,412.60 |
| October 2025 | 1,884.13 | 1,449.33 |
| November 2025 | 1,931.23 | 1,485.56 |
| December 2025 | 1,979.51 | 1,522.70 |
Sanghvi Movers’ projected share price targets for 2025 display an upward trajectory, with estimates ranging from a maximum of ₹1,979.51 to a minimum of ₹1,273.98 by the end of December. The company’s diverse clientele includes prominent names such as Adani Renewables, JSW Steel, BHEL, and Ambuja Cement, among others, underscoring its widespread industry presence. Additionally, in FY22, Sanghvi Movers expanded its global footprint by establishing a wholly-owned subsidiary, Sanghvi Movers Vietnam Company Limited, engaged in crane hiring and related services, indicating strategic efforts towards international growth and diversification.
| When | Maximum Price | Minimum Price |
| January 2026 | 2,038.90 | 1,568.38 |
| February 2026 | 2,091.18 | 1,608.60 |
| March 2026 | 2,172.74 | 1,671.34 |
| April 2026 | 2,130.13 | 1,638.56 |
| May 2026 | 2,068.09 | 1,590.84 |
| June 2026 | 2,161.15 | 1,662.43 |
| July 2026 | 2,118.78 | 1,629.83 |
| August 2026 | 2,184.31 | 1,680.24 |
| September 2026 | 2,260.76 | 1,739.05 |
| October 2026 | 2,319.54 | 1,784.26 |
| November 2026 | 2,377.53 | 1,828.87 |
| December 2026 | 2,436.97 | 1,874.59 |
Sanghvi Movers’ share price targets for 2026 project a continued upward trend, with anticipated maximum prices reaching as high as ₹2,436.97 and minimum prices at ₹1,568.38 by December. The company’s strategic focus on expansion and innovation is evident through its capex investment of Rs. 125 crore during FY22, resulting in the addition of 18 new cranes to its portfolio. Furthermore, Sanghvi Movers is embarking on a diversification strategy to transition into an engineering solutions partner, offering services such as engineering, designing, and execution for infrastructure and core sector projects.
Additionally, the company is developing allied services like rigging study, manpower, and project planning, catering to EPC heavy lifts and renewable wind energy projects.
| When | Maximum Price | Minimum Price |
| January 2027 | 2,485.70 | 1,912.08 |
| February 2027 | 2,549.44 | 1,961.11 |
| March 2027 | 2,648.87 | 2,037.59 |
| April 2027 | 2,596.93 | 1,997.64 |
| May 2027 | 2,521.29 | 1,939.46 |
| June 2027 | 2,634.75 | 2,026.73 |
| July 2027 | 2,583.09 | 1,986.99 |
| August 2027 | 2,662.98 | 2,048.44 |
| September 2027 | 2,756.18 | 2,120.14 |
| October 2027 | 2,827.84 | 2,175.26 |
| November 2027 | 2,898.54 | 2,229.64 |
| December 2027 | 2,971.00 | 2,285.39 |
Sanghvi Movers’ share price targets for 2027 illustrate a continued upward trajectory, with projected maximum prices reaching as high as ₹2,971.00 and minimum prices at ₹1,912.08 by December. The company’s prudent debt management strategy is evident through its utilization of financial assistance from Saraswat Bank, IDFC First Bank, and Kotak Mahindra Bank during FY22.
Furthermore, Sanghvi Movers is actively engaged in optimizing the cost of borrowings from these institutions through proactive financial management practices and negotiations with bankers. This approach reflects the company’s commitment to maintaining a healthy financial position while pursuing its growth objectives in the coming years.
| When | Maximum Price | Minimum Price |
| January 2028 | 3,030.42 | 2,331.09 |
| February 2028 | 3,108.12 | 2,390.87 |
| March 2028 | 3,229.34 | 2,484.11 |
| April 2028 | 3,166.02 | 2,435.40 |
| May 2028 | 3,073.81 | 2,364.47 |
| June 2028 | 3,212.13 | 2,470.87 |
| July 2028 | 3,149.15 | 2,422.42 |
| August 2028 | 3,246.54 | 2,497.34 |
| September 2028 | 3,360.17 | 2,584.75 |
| October 2028 | 3,447.54 | 2,651.95 |
| November 2028 | 3,533.72 | 2,718.25 |
| December 2028 | 3,622.07 | 2,786.21 |
- January 2028: ₹2,331.09 (Minimum)
- December 2028: ₹3,622.07 (Maximum)
| When | Maximum Price | Minimum Price |
| January 2029 | 3,694.51 | 2,841.93 |
| February 2029 | 3,789.24 | 2,914.80 |
| March 2029 | 3,937.02 | 3,028.48 |
| April 2029 | 3,859.82 | 2,969.09 |
| May 2029 | 3,747.40 | 2,882.62 |
| June 2029 | 3,916.03 | 3,012.33 |
| July 2029 | 3,839.25 | 2,953.27 |
| August 2029 | 3,957.99 | 3,044.61 |
| September 2029 | 4,096.52 | 3,151.17 |
| October 2029 | 4,203.03 | 3,233.10 |
| November 2029 | 4,308.10 | 3,313.93 |
| December 2029 | 4,415.81 | 3,396.77 |
- January 2029: ₹2,841.93(Minimum)
- December 2029: ₹4,415.81 (Maximum)
| When | Maximum Price | Minimum Price |
| January 2030 | 4,504.12 | 3,464.71 |
| February 2030 | 4,619.61 | 3,553.55 |
| March 2030 | 4,799.78 | 3,692.14 |
| April 2030 | 4,705.66 | 3,619.74 |
| May 2030 | 4,568.61 | 3,514.31 |
| June 2030 | 4,774.19 | 3,672.46 |
| July 2030 | 4,680.58 | 3,600.45 |
| August 2030 | 4,825.34 | 3,711.80 |
| September 2030 | 4,994.23 | 3,841.71 |
| October 2030 | 5,124.08 | 3,941.60 |
| November 2030 | 5,252.18 | 4,040.14 |
| December 2030 | 5,383.48 | 4,141.14 |
- January 2030: ₹3,464.71 (Minimum)
- December 2030: ₹5,383.48 (Maximum)
Financial Condition Of Sanghvi Movers: Last 5 Years
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|
| Sales | 282 | 323 | 224 | 335 | 456 |
| Expenses | 193 | 166 | 137 | 197 | 199 |
| Operating Profit | 89 | 157 | 87 | 138 | 257 |
| Other Income | 13 | 3 | 29 | 37 | 30 |
| Interest | 48 | 41 | 26 | 17 | 17 |
| Depreciation | 141 | 140 | 122 | 118 | 121 |
| Profit Before Tax | -86 | -21 | -32 | 40 | 149 |
| Net Profit | -58 | -7 | -22 | 29 | 112 |
| EPS (Rs) | -13.41 | -1.52 | -5.18 | 6.80 | 25.88 |
| Dividend Payout (%) | 0% | 0% | 0% | 15% | 15% |
- Over the past five years, Sanghvi Movers has displayed a variable financial performance.
- Despite fluctuations in sales, the company has maintained a positive trend in operating profits, indicating effective cost management.
- Other income remained relatively stable, contributing to overall profitability.
- Challenges were encountered with increasing interest expenses and depreciation, impacting net profits in certain years.
- Notably, Sanghvi Movers witnessed a significant turnaround from a loss position in March 2021 to substantial net profits in March 2023.
- The company has shown impressive compounded sales growth rates across various periods, with a notable surge in the trailing twelve months (TTM).
- Compounded profit growth has been strong, particularly in the last three years and TTM.
- The stock has demonstrated impressive compound annual growth rates (CAGR) in its price over different time frames, indicating investor confidence.
- Despite fluctuations, there has been an improvement in return on equity, particularly in the last year, signaling enhanced shareholder value.
FAQs
What is Sanghvi Movers’ current market capitalization?
Sanghvi Movers’ current market capitalization stands at ₹5,756 crore.
Sanghvi Movers’ share price target for the current year ranges from a maximum of ₹1,623.70 to a minimum of ₹1,248.10 by December 2024.
Sanghvi Movers’ projected share price targets for 2025 range from a maximum of ₹1,979.51 to a minimum of ₹1,273.98 by the end of December.
Sanghvi Movers’ share price target for 2030 ranges from a maximum of ₹5,383.48 to a minimum of ₹3,464.71 by December.
What is Sanghvi Movers’ current P/E ratio?
The current P/E ratio of Sanghvi Movers is 33.1.
What is the company’s dividend payout percentage?
Sanghvi Movers’ dividend payout percentage stands at 15%.
How much has Sanghvi Movers’ stock price increased annually over the last 3 years?
The stock price of Sanghvi Movers has shown an annual growth rate of 133% over the last 3 years.
How much has the company’s profit grown over the last 5 years?
Sanghvi Movers’ compounded profit growth rate over the last 5 years was 27%.
What was the company’s EPS in March 2023?
Sanghvi Movers’ EPS in March 2023 was ₹25.88.
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In conclusion, Sanghvi Movers Limited emerges as a formidable force in India’s infrastructure sector, commanding a dominant position in crane hiring with a diverse fleet and a substantial market share. The company’s strategic focus on capacity utilization and operational efficiency has resulted in impressive financial performance, with significant growth in net sales, profits, and EPS. Projections for the future indicate a promising trajectory, supported by expanding operations, international growth initiatives, and a robust order book. Despite fluctuations in financial metrics over the past five years, Sanghvi Movers has demonstrated resilience and agility, delivering strong profit growth and improving shareholder value.
However, challenges such as a high price-to-book ratio and low return on equity highlight areas for improvement and warrant cautious investor consideration. Overall, with anticipated strong quarterly performance and consistent profit growth, Sanghvi Movers remains poised for continued success in the infrastructure landscape, provided it addresses key areas of concern to enhance investor confidence and sustainable growth.
What did we learn?
- 1 About Sanghvi Movers
- 2 Sanghvi Movers’ Q3 2023 Financial Highlights: A Summary
- 3 How to Purchase Sanghvi Movers’ Shares?
- 4 Sanghvi Movers’ Share Price Prediction 2024 – 2030
- 4.1 Sanghvi Movers’ Share Price Target 2024
- 4.2 Sanghvi Movers’ Share Price Target 2025
- 4.3 Sanghvi Movers’ Share Price Target 2026
- 4.4 Sanghvi Movers’ Share Price Target 2027
- 4.5 Sanghvi Movers’ Share Price Target 2028
- 4.6 Sanghvi Movers’ Share Price Target 2029
- 4.7 Sanghvi Movers’ Share Price Target 2030
- 5 Financial Condition Of Sanghvi Movers: Last 5 Years
- 6 FAQs
- 6.1 What is Sanghvi Movers’ current market capitalization?
- 6.2 What is the company’s current share price target?
- 6.3 What is Sanghvi Movers’ share price target for 2025?
- 6.4 What is Sanghvi Movers’ share price target for 2030?
- 6.5 What is Sanghvi Movers’ current P/E ratio?
- 6.6 What is the company’s dividend payout percentage?
- 6.7 How much has Sanghvi Movers’ stock price increased annually over the last 3 years?
- 6.8 How much has the company’s profit grown over the last 5 years?
- 6.9 What was the company’s EPS in March 2023?
- 7 Conclusion: Navigating Growth Trajectories and Financial Fortitude
