Sanghvi Movers Limited (SANGHVIMOV) AI Stock Analysis

• Market Cap: ₹26.15B
• Dividend Yield: 0.55%
• Average Volume (3M): 79.82K
• Price to Earnings (P/E): 14.6
• Beta (1Y): 2.13
• Revenue Growth: 49.97%
• EPS Growth: -2.91%
• Country: IN
• Employees: 330
• Sector: Industrials
• Sector Strength: 72
• Industry: Rental & Leasing Services
• EPS (TTM): 4.19
• 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: 61 Neutral
• Price Target: ₹319.00 ▼(-8.79% Downside)

Sanghvi Movers Limited's overall stock score is primarily influenced by its strong financial performance, characterized by robust revenue growth and improved margins. However, increased leverage and cash flow challenges pose risks. The technical analysis indicates bearish momentum, and the valuation suggests moderate pricing with limited dividend yield.

Positive Factors

Revenue Growth

Sustained, large revenue expansion over two years indicates strong secular demand for heavy-lift and engineered logistics. Durable revenue growth supports scale economics, justifies further fleet investment, and provides a stronger base for long‑term contracts and recurring project work across infrastructure and energy sectors.

Improved Operating Margins

Material improvement in gross and EBIT margins points to better fleet utilization, pricing power on engineered services, and operational efficiency. Sustainable margin gains enhance cash flow potential and reinvestment capacity, strengthening returns on new capital deployed in a capital‑intensive rental business.

Specialized Fleet & Niche Model

A specialized heavy‑lift fleet and engineered lifting services create high barriers to entry and differentiate offerings. The project-based model and technical expertise favor long project cycles, repeat customers, and limited direct competition, supporting durable pricing and utilization across multiyear infrastructure and industrial programs.

Negative Factors

Rising Leverage

An upward trend in absolute debt increases fixed servicing obligations and reduces financial flexibility. In a cyclical project business, higher leverage raises refinancing and interest rate risk, could constrain the ability to fund fleet expansion organically, and limits headroom to absorb project delays or demand downturns.

Negative Free Cash Flow

Persistent negative free cash flow driven by heavy capex to expand the fleet means the company relies on financing or equity to fund growth. If new assets take longer to reach target utilization, liquidity and debt metrics can worsen, making long‑term returns contingent on sustained high utilization and project win rates.

Net Margin Volatility

Fluctuating net margins signal exposure to variable project costs, pricing pressure, or one‑off items. Margin instability undermines predictability of free cash flow and return on invested capital, complicating capital allocation decisions in a capital‑intensive business where payback depends on steady contract flows and utilization.

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

Sanghvi Movers Limited exhibits strong revenue growth and improved operational margins, reflecting a robust business model. However, the balance sheet shows increased leverage, and cash flows indicate a strategic investment phase that could challenge liquidity if not managed prudently.

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	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 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 307.92, above the 50-day MA of 320.69, and above the 200-day MA of 320.45, indicating a bearish trend. The MACD of -11.76 indicates Positive momentum. The RSI at 45.33 is Neutral, neither overbought nor oversold. The STOCH value of 46.79 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	₹41.65B	6.54	―	0.16%	-42.73%	-44.36%
ACE	65 Neutral	₹101.14B	23.97	―	0.21%	4.95%	14.36%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
SANGHVIMOV	61 Neutral	₹26.15B	14.57	―	0.55%	49.97%	-2.91%
KEC	60 Neutral	₹177.58B	25.20	―	0.74%	12.21%	56.50%
HCC	45 Neutral	₹52.44B	29.50	―	―	-31.50%	-74.38%
SIMPLEXINF	44 Neutral	₹17.44B	30.03	―	―	-19.24%	-35.09%