Sanghvi Movers
Stock Snapshot
Price Performance
Vista Outlook
View Technicals Analysis →Basis of our Recommendation
Sanghvi Movers is positioned for stable revenue growth, supported by a robust order book and strategic capital investments. Management's focus on the 'ELEVATE 2030' initiative aims to enhance operational efficiency and expand market presence, particularly in the wind EPC segment and international markets like Saudi Arabia. The anticipated addition of 61 cranes and a significant CapEx plan of 391 Cr for FY27 underpins this growth strategy. Despite potential headwinds from geopolitical tensions and supply chain disruptions, the company's strong balance sheet and improving margins provide a solid foundation for profitability. Vista's financial outlook reflects these developments, projecting consistent revenue growth and expanding margins, with a fair valuation aligned with intrinsic value. The favorable macro environment in India, characterized by strong manufacturing activity and stable inflation, further supports Sanghvi's growth trajectory. Over the next 12-24 months, key opportunities include capitalizing on India's infrastructure investments and renewable energy targets, while watchpoints include geopolitical risks and operational challenges in the wind energy sector
Why We Like This Stock
- Robust order book of 1,053 Cr for FY27, representing 55% of FY26 revenue
- Strategic capital investments of 391 Cr to enhance crane fleet and operational capacity
- Positive macroeconomic conditions in India supporting infrastructure and renewable energy sectors
Things To Watch Out For
- Geopolitical tensions may lead to project delays and operational disruptions
- Potential grid bottlenecks in the Indian wind energy sector could impact growth
- Risks associated with import surges in the steel industry affecting cost structures
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 456 | 782 | 1,070 | 1,281 | 1,671 |
| Profit Before Tax (Cr.) | 130 | 183 | 261 | 317 | 411 |
| PBT Margin | 28.6% | 23.4% | 2438.1% | 24.7% | 24.6% |
| Net Profit (Cr.) | 127 | 140 | 197 | 240 | 312 |
| Earnings Per Share | 14.7 | 16.2 | 22.8 | 27.8 | 36.1 |
Analyst Recommendations
No analyst recommendations available.
Company Overview
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Sanghvi Movers Limited, together with its subsidiaries, operates as a crane rental company in India. It operates through Crane Hiring and Ancillary Services; Wind EPC; and Project EPC segment. The Crane Hiring and Other Ancillary Services segment includes crane rental services, including mobilization and demobilization. The Wind EPC segment includes logistics, intercarting, installation, and commissioning of wind turbine components. The Project EPC segment provides complete lifting and rigging for all heavy lifts, foundation preparation alignment, execution and planning of completion of heavy lifts. It also operates a fleet of medium to large-size hydraulic truck mounted telescopic and lattice boom cranes, as well as hydraulic and crawler cranes. In addition, the company offers equipment, including crawler mounted cranes with lattice boom and truck mounted cranes with telescopic boom. Further, it generates wind and solar power. The company serves construction, power, oil and gas, heavy engineering, infrastructure, renewable wind energy, steel, cement, fertilizers, petrochemical and refinery, and metro railway industries. Sanghvi Movers Limited was incorporated in 1989 and is headquartered in Pune, India.