Sanghvi Movers Limited (SANGHVIMOV)

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Sanghvi Movers Limited (SANGHVIMOV) · mywealthgrid

About

Sanghvi Movers Limited operates in Diversified Commercial Services within the Industrials sector. With a market capitalisation of ₹4,235 crore and recent quarterly revenues ranging from ₹136 to ₹379 crore, the company serves multiple service verticals. Its business profile is marked by healthy operating margins but volatility in quarterly performance.

Face value: ₹1

Market cap

₹3,719 Cr

P/E

18.7×

P/B

2.8×

Dividend yield

0.9%

ROE

15%

ROCE

18%

Debt / equity

0.51

OPM

37.4%

EPS (TTM)

₹23.0

Book value

₹151.3

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Margin inconsistency: operating margins fluctuate from 33.05% to 50.48% across quarters, suggesting operational or business-mix volatility
Revenue lumpiness: quarterly revenues range ₹136–₹379 crore, indicating project-dependent or cyclical revenue streams
Valuation: PE of 21.3 against ROE of 15.03% requires growth justification; verify earnings acceleration timeline
Cyclicality: commercial services typically contract in downturns; verify client concentration and contract stickiness

Generated analysis · source review pending

Growth drivers

Demonstrated quarterly revenue scale of ₹379.67 crore indicates capacity; consistent execution at this level with margin protection would expand earnings
Operating margin range of 33–50.48% suggests business-mix opportunity; growth weighted toward higher-margin segments could accelerate profit growth relative to revenue growth
Moderate debt (D/E of 0.51) provides financial capacity for growth capex while maintaining financial stability
Verify: identify the service segments and contract types driving the wide margin range, and assess which can scale profitably

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹429.5-5.4%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 37.4%
+Profit CAGR of 18% over the last 3 years
+Revenue CAGR of 36.8% over the last 5 years

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

75/100

Business quality: 62
Growth: 90
Valuation: 73

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Wework India Management LimitedWEWORKWEWORK	₹8,931 Cr	₹9,264 Cr	₹2,589 Cr	₹1,676 Cr	64.5%	₹84 Cr	3.1%	12.4%	25%	-18
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Elevate Campuses LimitedELEVATEELEVATE	₹5,811 Cr	₹9,931 Cr	₹569 Cr	₹405 Cr	71.3%	₹174 Cr	30.6%	9.3%	21.1%	—
Nirlon LimitedNIRLONNIRLON	₹5,467 Cr	₹6,614 Cr	₹317 Cr	₹237 Cr	79.1%	₹127 Cr	34.3%	23.2%	59.8%	-56
Quess Corp LimitedQUESSQUESS	₹5,023 Cr	₹5,023 Cr	₹15,835 Cr	₹327 Cr	2%	₹253 Cr	1.5%	19.2%	19.7%	19
Indiqube Spaces LimitedINDIQUBEINDIQUBE	₹4,187 Cr	₹4,477 Cr	₹1,564 Cr	₹952 Cr	60.8%	₹-93 Cr	-7.3%	5.7%	-20.7%	-273
Sanghvi Movers LimitedSANGHVIMOVSANGHVIMOV	₹3,719 Cr	₹4,393 Cr	₹1,177 Cr	₹426 Cr	37.4%	₹199 Cr	17.2%	18%	15%	77

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	224	335	456	782	782	1,070
	137	197	199	—	452	671
	87	138	257	—	330	400
OPM %	39%	41.1%	56.4%	—	42.2%	37.4%
Depreciation	122	118	121	129	129	132
Interest	26	17	17	26	26	37
	29	37	30	41	41	21
Profit before tax	-32	39	149	—	217	253
Tax	-9	10	37	—	60	69
Tax %	-29.1%	25.5%	24.8%	—	27.8%	27.1%
	-22	29	112	157	157	184
PAT margin %	-10%	8.8%	24.6%	20%	20%	17.2%
EPS (₹)	—	6.8	25.9	—	18.1	21.3
EPS adjusted (₹)	—	3.4	12.9	—	18.1	21.3
	—	14.7%	15.4%	—	11.1%	9.4%
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2022	Mar 2023	Mar 2025	Mar 2026
Equity capital	9	9	9	9
Reserves	725	833	1,134	1,302
	167	183	438	674
	64	96	185	359
Total equity & liabilities	964	1,121	1,765	2,343
	766	855	1,114	1,426
CWIP	0	6	18	9
Investments	33	39	152	89
	165	221	482	819
Total assets	964	1,121	1,765	2,343

₹ Cr	Mar 2022	Mar 2023	Mar 2025	Mar 2026
	130	257	162	278
	-81	-237	-286	-418
	-48	-15	89	182
Net cash flow	1	5	-36	42
Free cash flow	72	25	-75	-130
CFO / Operating profit %	94.2%	100.2%	49%	69.5%

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Crane hiring and other ancillary services	830.17	254.16	1,956.81	744.66	1,212.15	20.97
Wind EPC	332.57	47.19

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—
EBITDA margin %	39%	41.1%	56.4%	—	42.2%	37.4%
EBIT margin %	-15.6%	5.9%	29.8%	—	25.8%	25.1%
PAT margin %	-10%	8.8%	24.6%	20%	20%	17.2%
Working capital
Receivable days	—	132	112	—	144	145
Inventory days	—	9	8	—	5	3
Payable days	—	38	32	—	66	71
NWC days	—	102	89	—	82	77
Leverage
Current ratio	—	2.02	1.55	—	1.74	1.77
Debt to EBITDA	—	1.21	0.71	—	1.33	1.68
Debt to equity	—	0.23	0.22	—	0.38	0.51
Interest coverage	-0.2	3.3	9.9	-3.4	9.4	8.1
Asset turnover	—	0.35	0.41	—	0.44	0.46
Return ratios
Return on assets %	—	3%	10%	—	8.9%	7.9%
Return on capital employed %	—	6.5%	17.8%	—	17%	18%
Return on equity %	—	4%	13.3%	—	13.7%	14.1%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	47.25%	47.25%	47.25%	47.25%	47.25%	47.25%	47.25%	47.25%	47.25%	47.25%	47.25%	47.25%
	1.98%	2.12%	2.49%	2.41%	2.95%	2.94%	2.11%	1.4%	1.71%	1.46%	1.48%	1.81%
	1.77%	1.62%	2.6%	3.34%	3.64%	3.9%	3.25%	1.61%	1.4%	1.4%	1.31%	1.4%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	49%	49.01%	47.66%	47%	46.16%	45.91%	47.39%	49.74%	49.64%	49.89%	49.96%	49.54%
No. of shareholders	—	—	—	—	—	—	—	—	66,754	63,907	60,472	57,904

Promoter holding up 0 percentage points since Sep 2023.

8 deals · 7 Feb 2024 – 13 Feb 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
13 Feb 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	4,35,830	₹265.93	₹11.59 Cr
13 Feb 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	4,35,830	₹265.71	₹11.58 Cr
8 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	2,63,803	₹822.93	₹21.71 Cr
8 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	2,63,803	₹822.91	₹21.71 Cr
17 May 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	2,42,757	₹1,181.99	₹28.69 Cr
17 May 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	2,42,757	₹1,181.73	₹28.69 Cr
7 Feb 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	2,66,113	₹940.71	₹25.03 Cr
7 Feb 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	2,66,113	₹939.86	₹25.01 Cr

1–8 of 8

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Deepak Ambadas ThombreNon-Executive - Independent Director-Chairperson
Mr. Rishi C. SanghviExecutive Director-MD
Mrs. Maithili Rishi SanghviNon-Executive - Non Independent Director
Mrs. Madhu DubhashiNon-Executive - Independent Director
Mr. Indraneel Govind ChitaleNon-Executive - Independent Director
Mr. Tushar Vinayak MehendaleNon-Executive - Independent Director
Mr. Amitabha MukhopadhyayNon-Executive - Independent Director
Mr. Ishwar Chand MangalNon-Executive - Independent Director
Mr. Gaurang DesaiChief Executive Officer
Mr. Pradeep MehtaChief Financial Officer
Mr. Vinav AgarwalCompany Secretasry & Compliance Officer

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F&O

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 2 fund houses

Held by these funds

0.4%

of the company's equity

All mutual funds

0.41%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

3 schemes · 2 fund houses

		Shares
(LIVE SCHEMES)	ITI Mutual Fund	2.2 L	10.05	2.17%	0.254%	-0
(LIVE SCHEMES)	ITI Mutual Fund	1.28 L	5.83	1.6%	0.147%	-0
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	136	0.01	0.01%	0%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

30 announcementsExport CSV

17 Sept 2026, 9:47 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet

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Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—
EBITDA margin %	39%	41.1%	56.4%	—	42.2%	37.4%
EBIT margin %	-15.6%	5.9%	29.8%	—	25.8%	25.1%
PAT margin %	-10%	8.8%	24.6%	20%	20%	17.2%
Working capital
Receivable days	—	132	112	—	144	145
Inventory days	—	9	8	—	5	3
Payable days	—	38	32	—	66	71
NWC days	—	102	89	—	82	77
Leverage
Current ratio	—	2.02	1.55	—	1.74	1.77
Debt to EBITDA	—	1.21	0.71	—	1.33	1.68
Debt to equity	—	0.23	0.22	—	0.38	0.51
Interest coverage	-0.2	3.3	9.9	-3.4	9.4	8.1
Asset turnover	—	0.35	0.41	—	0.44	0.46
Return ratios
Return on assets %	—	3%	10%	—	8.9%	7.9%
Return on capital employed %	—	6.5%	17.8%	—	17%	18%
Return on equity %	—	4%	13.3%	—	13.7%	14.1%

Date	Category	Subject	Filing
17 Sept 2026, 9:47 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
16 Sept 2026, 7:53 pm	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	PDF
16 Sept 2026, 5:20 pm	Insider Trading / SAST Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011	PDF
16 Sept 2026, 5:17 pm	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	PDF
16 Sept 2026, 5:16 pm	Insider Trading / SAST Disclosures under Reg. 10(6) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 10(6) of SEBI (SAST) Regulations, 2011	PDF
15 Sept 2026, 6:24 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
8 Sept 2026, 5:40 pm	Company Update Resignation of Director	Announcement under Regulation 30 (LODR)-Resignation of Director	PDF
7 Sept 2026, 7:11 pm	Company Update Resignation of Director	Announcement under Regulation 30 (LODR)-Resignation of Director	PDF

Sanghvi Movers Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

15

1

1

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Crane hiring and other ancillary services · revenue

Sanghvi Movers Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Ratio timeline

Not in the F&O segment

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Dividends15

Board meetings1

Stock splits1

Profit & loss

Balance sheet

Cash flow

Segment results

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Crane hiring and other ancillary services · revenue

15

1

1