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Sanghvi Movers Ltd
NSE:SANGHVIMOV

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Sanghvi Movers Ltd
NSE:SANGHVIMOV
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Price: 350 INR 0.01%
Market Cap: 30.3B INR

Sanghvi Movers Ltd
Investor Relations

Sanghvi Movers Ltd. engages in the provision of crane hiring services and power generation. The company is headquartered in Pune, Maharashtra and currently employs 249 full-time employees. The firm is also engaged in power generation. The firm provides hydraulic and crawler cranes to various industries in the infrastructure sector and has a fleet of approximately 377 medium to large size hydraulic trucks mounted telescopic and lattice boom cranes, and crawler cranes with lifting capacity ranging from 20 tons to 800 tons. Its cranes are primarily used for erection of power plants, cement plants, steel plants, refineries and petrochemicals, fertilizers plants, metro projects and windmill erections. Its crane fleet is procured from Europe, the United States and Japan. The firm has over 64 imported hydraulic multi-axle modular trailers and approximately 90 high bed trailers.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Nov 10, 2025
AI Summary
Q2 2026

Revenue Growth: Q2 FY '26 revenue was INR 210 crores, up 35% YoY but down from INR 273 crores in Q1; H1 FY '26 revenue was INR 483 crores, up 57% YoY.

Profitability: Q2 FY '26 EBITDA rose 9% YoY to INR 88 crores with 42% margin; PAT grew 24% YoY to INR 36 crores.

Order Book Strength: The consolidated order book stands at INR 1,239 crores with a strong pipeline of inquiries worth over INR 2,000 crores.

Saudi Arabia Expansion: Commercial operations began in Saudi Arabia with over 30 cranes deployed and 100% utilization; robust $45–50 million inquiry pipeline.

CapEx Plans: Total CapEx planned for FY '26 is INR 629 crores, with INR 405 crores for India and INR 224 crores for Saudi Arabia.

Utilization & Yield: Q2 utilization was 70% (down from 80% in Q1, up from 68% YoY); blended yield remained stable around 2.04% per month.

Guidance Maintained: Management reiterated FY '26 top-line growth guidance of 25–30% and expects utilization to rise to 78–80% in H2.

Key Financials
Revenue
INR 210 crores
Revenue (H1)
INR 483 crores
EBITDA
INR 88 crores
EBITDA Margin
42%
EBITDA (H1)
INR 195 crores
EBITDA Margin (H1)
40%
Profit After Tax
INR 36 crores
Profit After Tax (H1)
INR 87 crores
Average Capacity Utilization
70%
Average Blended Yield
2.04% per month
Net Debt
INR 440 crores
Debt Equity Ratio
0.36x
Average Borrowing Cost
8.48% per annum
Net Worth
INR 1,212 crores
CapEx (H1 FY '26)
INR 140 crores
Order Book
INR 1,239 crores
Crane Rental Revenue Contribution (Q2)
68%
EPC Revenue Contribution (Q2)
26.7%
Project EPC Revenue Contribution (Q2)
5.2%
Gross Block
INR 2,750 crores
Depreciation (FY '26 Estimate)
INR 130–135 crores
Investment in Debt/Arbitrage Funds
INR 192 crores
Other Earnings Calls

Management

Mr. Rishi Chandrakant Sanghvi B.S.
MD & Executive Director
No Bio Available
Mr. Sham Dattatraya Kajale AICWA and CS, M.Com
Chief Financial Officer
No Bio Available
Mr. Rajesh P. Likhite
Company Secretary & Chief Compliance Officer
No Bio Available
Abhijit Sawarkar
General Manager of Accounts & Taxation
No Bio Available
Mr. Akshay Pore
Head of Centre of Excellence
No Bio Available

Contacts

Address
MAHARASHTRA
Pune
Survey No 92, Tathwade,Taluka mulshi
Contacts