Sanghvi Movers Limited (SANGHVIMOV) AI Stock Analysis

• Market Cap: ₹21.85B
• Dividend Yield: 0.55%
• Average Volume (3M): 79.82K
• Price to Earnings (P/E): 25.8
• Beta (1Y): 2.17
• Revenue Growth: 49.97%
• EPS Growth: -2.91%
• Country: IN
• Employees: 330
• Sector: Industrials
• Sector Strength: 72
• Industry: Rental & Leasing Services
• EPS (TTM): 3.35
• Shares Outstanding: 86,576,000
• 10 Day Avg. Volume: 33,826
• 30 Day Avg. Volume: 79,824
• PEG Ratio: -0.84
• Price to Book (P/B): 1.93
• Price to Sales (P/S): 2.82
• P/FCF Ratio: -29.28
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 59 Neutral
• Price Target: ₹258.00 ▼(-26.23% Downside)
• Action: Reiterated Date: 03/05/26
• Date: Action: Reiterated 03/05/26

The score is primarily supported by solid financial performance (strong revenue growth and improved operating margins), but it is held back by weak technical momentum (below key moving averages with negative MACD) and cash-flow pressure from negative free cash flow despite a reasonable P/E valuation.

Positive Factors

Revenue Growth Trajectory

Sustained, large revenue expansion over two years indicates durable demand for engineered lifting services across infrastructure and energy projects. A rising top line supports higher utilization, justifies incremental fleet investment, and creates a platform for scale-driven margin and cash generation over the medium term.

Improved Operating Margins

Meaningful improvement in gross and EBIT margins shows the business is capturing pricing power and improving operational efficiency. For a capital-intensive rental model, sustainable operating margins reflect stronger project mix, higher-value crane utilization and tighter cost controls that benefit long-term profitability.

Strong Operating Cash Flow

Robust operating cash generation from time-based equipment hire and project billing underpins core business resilience. Strong OCF funds working capital and supports reinvestment in fleet capacity, enabling the company to capitalize on multi-year infrastructure cycles despite temporary negative FCF from heavy capex.

Negative Factors

Negative Free Cash Flow / High Capex

Persistent negative free cash flow driven by aggressive capex reduces financial flexibility and increases reliance on external funding or retained earnings. In this fleet-heavy business, ongoing investment to maintain and grow capacity is necessary but elevates refinancing and liquidity risk if project demand softens.

Rising Debt Levels

An increasing debt burden raises leverage and interest expense sensitivity for a capital-intensive operator. Higher debt amplifies risk during cyclical downturns in project activity and may constrain future capex or dividend flexibility, making balance-sheet management a key longer-term risk.

Net Profit Margin Volatility

Volatile net margins indicate earnings are sensitive to cost pressures, project mix and pricing dynamics. For an engineered lifting specialist, this undermines predictability of returns and could pressure ROE and cash generation if elevated costs or competitive pricing persist across major project cycles.

Sanghvi Movers Limited Business Overview & Revenue Model

Company Description

Sanghvi Movers Limited operates as a crane rental company in India. The company provides heavy lift, plant erection, and maintenance services to various large-scale projects. It operates a fleet of 387 medium to large size hydraulic truck mounted telescopic and lattice boom cranes, and crawler cranes. The company's equipment includes crawler mounted cranes with lattice boom; truck mounted cranes with telescopic boom; truck mounted cranes with lattice boom; hydraulic multi axle modular trailers; and forklifts and carries. Its cranes are used in the erection of power plants, refineries and petro-chemicals, windmills, steel and cement plants, fertilizer plants, windmill erections, and metro projects, as well as construction applications, such as heavy lifting and maintenance services. Sanghvi Movers Limited was incorporated in 1989 and is headquartered in Pune, India.

How the Company Makes Money

Sanghvi Movers Limited generates revenue through multiple streams within the logistics and transportation industry. The primary revenue model is based on the rental and operation of heavy cranes and specialized transport vehicles for projects in the construction and infrastructure sectors. The company charges clients for equipment rental, transportation services, and project logistics management. Additionally, Sanghvi Movers may engage in long-term contracts with large construction firms and government projects, providing a steady income source. Strategic partnerships with construction companies, energy firms, and other industries that require heavy lifting and transportation services further bolster its revenue. The company may also benefit from value-added services such as project consultation and logistics planning, enhancing overall earnings.

Sanghvi Movers Limited Financial Statement Overview

Summary

Strong revenue growth and improved gross/EBIT margins support the score, but net margin volatility, rising debt levels, and negative recent free cash flow (from heavy capex) temper overall financial strength.

Income Statement

Sanghvi Movers Limited has shown strong revenue growth over the past few years. The revenue grew from 45.58 billion INR in 2023 to 82.29 billion INR in 2025, indicating a positive trajectory. The gross profit margin and EBIT margin have also improved significantly, reflecting enhanced operational efficiency. However, the net profit margin has seen fluctuations, with a slight decline in the most recent year, which may suggest cost pressures or other financial challenges impacting net profitability.

Balance Sheet

The company's balance sheet reflects a stable financial position with a healthy equity ratio and improving return on equity. The debt-to-equity ratio remains manageable, although there has been a noticeable increase in total debt over the years. The growth in stockholders' equity indicates the company's ability to reinvest and grow its asset base. However, the increase in debt could pose a risk if not managed carefully.

Cash Flow

Sanghvi Movers has demonstrated variability in its cash flow generation. The operating cash flow remains strong, but the free cash flow has been negative in recent years primarily due to significant capital expenditures. This suggests an aggressive investment strategy, which could lead to future growth but also demands careful cash management to ensure liquidity.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	9.05B	7.82B	6.19B	4.56B	3.35B	2.24B
Gross Profit	7.58B	2.68B	2.87B	1.70B	2.95B	-55.35M
EBITDA	3.79B	3.71B	4.09B	2.85B	1.75B	1.16B
Net Income	1.66B	1.57B	1.88B	1.12B	294.05M	-224.23M
Balance Sheet
Total Assets	0.00	17.65B	14.24B	11.21B	9.64B	9.58B
Cash, Cash Equivalents and Short-Term Investments	2.04B	2.04B	1.57B	711.57M	376.60M	138.18M
Total Debt	0.00	4.38B	2.92B	1.83B	1.67B	1.97B
Total Liabilities	-11.43B	6.23B	4.12B	2.79B	2.30B	2.49B
Stockholders Equity	11.43B	11.43B	10.12B	8.42B	7.34B	7.09B
Cash Flow
Free Cash Flow	0.00	-753.27M	-199.35M	251.86M	720.27M	1.18B
Operating Cash Flow	0.00	1.62B	3.04B	2.57B	1.30B	1.19B
Investing Cash Flow	0.00	-2.86B	-3.46B	-2.37B	-755.18M	206.24M
Financing Cash Flow	0.00	890.69M	681.13M	-151.86M	-483.13M	-1.41B

Sanghvi Movers Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 349.75
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SANGHVIMOV, the sentiment is Negative. The current price of 349.75 is above the 20-day moving average (MA) of 278.15, above the 50-day MA of 303.82, and above the 200-day MA of 319.76, indicating a bearish trend. The MACD of -14.63 indicates Positive momentum. The RSI at 30.03 is Neutral, neither overbought nor oversold. The STOCH value of 52.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SANGHVIMOV.

Sanghvi Movers Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KNRCON	74 Outperform	₹35.38B	11.13	―	0.16%	-42.73%	-44.36%
ACE	65 Neutral	₹103.15B	24.20	―	0.21%	4.95%	14.36%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
KEC	60 Neutral	₹144.67B	38.53	―	0.74%	12.21%	56.50%
SANGHVIMOV	59 Neutral	₹21.85B	25.81	―	0.55%	49.97%	-2.91%
HCC	45 Neutral	₹43.82B	118.38	―	―	-31.50%	-74.38%
SIMPLEXINF	44 Neutral	₹15.98B	62.16	―	―	-19.24%	-35.09%

Sanghvi Movers Limited Corporate Events

Sanghvi Movers Reports Investor Meeting Focused on Public Business Outlook

Sanghvi Movers Limited disclosed that its management conducted an in-person meeting with a single investor, InvesQ PMS, on February 19, 2026, under the framework of SEBI’s disclosure regulations. The interaction covered the company’s general business outlook using only information already available in the public domain, with the company emphasizing that no unpublished price-sensitive information was shared, underscoring its adherence to regulatory and governance standards for all stakeholders.