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SANGHVIMOV - Sanghvi Movers

📊 NSE: SANGHVIMOV 🏢 Miscellaneous 📅 Last Updated: 12/14/2025 12:48

📢 Recent Corporate Announcements

Sanghvi Movers Concludes Virtual Meeting with Electrum PMS

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 02 Mar 2026, 05:12 PM

Sanghvi Movers Limited conducted a virtual meeting with Electrum PMS on March 02, 2026, to discuss the general business outlook. The management clarified that the discussions were based on information already available in the public domain. No unpublished price sensitive information (UPSI) was shared during this interaction. This meeting follows the company's prior intimation sent to the exchanges on February 25, 2026.

Meeting held on March 02, 2026, with Electrum PMS.
Interaction was conducted via virtual mode as a single investor meeting.
Discussions were limited to general business outlook and public information.
Compliance confirmed with Regulation 30 of SEBI (LODR) Regulations, 2015.

💡 This is a routine regulatory disclosure with no material impact on stock valuation. Investors should continue to monitor the company's quarterly performance and order book updates for growth signals.

Sanghvi Movers Schedules Virtual Meeting with Electrum PMS on March 02, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 25 Feb 2026, 02:47 PM

Sanghvi Movers Limited has announced a virtual interaction with Electrum PMS scheduled for March 02, 2026. The meeting is intended to discuss the company's general business outlook based on information already available in the public domain. The company has explicitly stated that no unpublished price sensitive information (UPSI) will be shared during this session. This disclosure is a routine regulatory requirement under SEBI Listing Obligations and Disclosure Requirements.

Virtual meeting scheduled for Monday, March 02, 2026
Single investor interaction with Electrum PMS
Discussion focused on general business outlook and public domain data
Compliance with Regulation 30 of SEBI LODR Regulations

💡 No immediate action is required as this is a routine investor engagement. Investors should monitor for any future investor presentations or transcripts that may be released following the meeting.

Sanghvi Movers Schedules Virtual Investor Meeting with Electrum PMS on March 02

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 25 Feb 2026, 02:40 PM

Sanghvi Movers Limited has announced a virtual interaction with Electrum PMS scheduled for Monday, March 02, 2026. The meeting is intended to discuss the company's general business outlook based on information already available in the public domain. The company has confirmed that no unpublished price sensitive information (UPSI) will be shared during the session. This disclosure is part of the company's routine investor relations activities under SEBI regulations.

Virtual meeting scheduled with Electrum PMS on March 02, 2026
Discussion to focus on general business outlook and public domain information
No unpublished price sensitive information (UPSI) to be shared
Compliance with Regulation 30 of SEBI (LODR) Regulations, 2015

💡 No immediate action is required as this is a routine investor interaction. Investors may monitor for any post-meeting transcripts or presentations if the company chooses to release them.

Sanghvi Movers Completes Investor Meeting with InvesQ PMS

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 19 Feb 2026, 06:46 PM

Sanghvi Movers Limited conducted a one-on-one meeting with InvesQ PMS on February 19, 2026. The meeting was held in person to discuss the company's general business outlook and industry trends. Management confirmed that all discussions were based on information already available in the public domain. No unpublished price sensitive information (UPSI) was shared during this interaction, maintaining regulatory compliance.

One-on-one meeting held with InvesQ PMS on February 19, 2026.
The interaction was conducted in person to discuss general business prospects.
Management confirmed no unpublished price sensitive information was disclosed.
The meeting follows the prior notification sent to exchanges on February 16, 2026.

💡 This is a routine regulatory disclosure with no impact on company fundamentals. Investors should continue to track the company's quarterly performance and crane utilization rates for growth signals.

Sanghvi Movers to Meet InvesQ PMS on February 19, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 16 Feb 2026, 05:01 PM

Sanghvi Movers Limited has scheduled an in-person meeting with InvesQ PMS on February 19, 2026. The discussion is expected to cover the general business outlook and information already available in the public domain. The company has explicitly stated that no unpublished price sensitive information (UPSI) will be shared during this interaction. This disclosure is a routine requirement under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

One-on-one meeting scheduled with InvesQ PMS on February 19, 2026
Interaction to be conducted in-person to discuss general business outlook
Company confirms no unpublished price sensitive information will be disclosed
Disclosure made in compliance with SEBI (LODR) Regulations, 2015

💡 No immediate action is required as this is a routine investor interaction. Investors should monitor for any future investor presentations or transcripts that may provide deeper insights into the company's growth strategy.

Sanghvi Movers Reports ₹1,800 Cr Order Book and Outlines ₹629 Cr Capex Plan for FY26

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 13 Feb 2026, 03:30 PM

Sanghvi Movers reported a robust consolidated order book of ₹1,800 crores, with ₹1,200 crores slated for execution in the current financial year. The company is undergoing a significant investment phase with a ₹629 crore capex plan to expand its fleet in India and Saudi Arabia. Management maintains a long-term annual utilization target of 75-80% and expects margin normalization in FY27 as new assets become fully operational. International expansion is gaining traction with a new order in Botswana and steady scaling in the Middle East.

Consolidated order book of ₹1,800 crores with ₹1,200 crores executable in FY26
Total FY26 capex plan of ₹629 crores focusing on India and Saudi Arabian markets
Inquiry pipeline expanded significantly to approximately ₹2,900-3,000 crores
Targeting annual crane utilization in the 75-80% range despite seasonal volatility
Entry into Botswana marks expansion into Africa alongside scaling Middle East operations

💡 The stock remains a strong play on India's infrastructure and renewable energy cycle; investors should watch for margin improvement in FY27 as operating leverage kicks in. Monitor the timely deployment of the remaining ₹268 crore capex to ensure revenue growth targets are met.

Sanghvi Movers Releases Audio Recording of Q3 FY26 Earnings Conference Call

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 09 Feb 2026, 06:16 PM

Sanghvi Movers Limited has released the audio recording of its earnings conference call held on February 09, 2026. The call discussed the company's unaudited financial performance for the third quarter and the nine-month period ending December 31, 2025. This disclosure follows the company's previous notification on February 04, 2026, and adheres to SEBI's transparency regulations. Investors can access the recording via the company's official website to hear management's commentary on operational performance.

Audio recording of the Q3 FY26 earnings call is now available for public access.
The call was conducted on February 09, 2026, following the release of financial results.
Covers the financial and operational performance for the nine months ended December 31, 2025.
Compliance maintained under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

💡 Investors should listen to the recording to understand management's outlook on crane utilization rates and demand from the wind energy and infrastructure sectors.

Sanghvi Movers 9M FY26 Revenue Jumps 40% to ₹719 Cr; Massive ₹629 Cr CapEx Underway

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 07 Feb 2026, 06:25 PM

Sanghvi Movers reported a robust 39.7% YoY growth in 9M FY26 revenue reaching ₹719 Cr, primarily driven by its core crane rental and expanding Wind EPC segments. While 9M PAT grew 12.5% to ₹116 Cr, Q3 PAT saw a 12.4% decline YoY due to an ₹8 Cr exceptional item related to labor code implementation and asset damage. The company is aggressively executing a ₹629 Cr CapEx plan for FY26 to expand its fleet in India and Saudi Arabia. Despite high capital spending, the balance sheet remains healthy with a Net Debt/Equity ratio of 0.48.

9M FY26 Revenue grew 39.7% YoY to ₹719 Cr, while EBITDA rose 11.2% to ₹286 Cr.
Consolidated PAT for 9M FY26 stood at ₹116 Cr, up 12.5% YoY despite margin pressure in Q3.
Aggressive CapEx of ₹629 Cr planned for FY26, with ₹361 Cr already incurred for 110 new cranes.
Revenue diversification improved with Wind EPC now contributing 30% of total turnover compared to Crane Rentals at 66%.
Maintained strong operational efficiency with capacity utilization at 76.1% in India and 78.3% in KSA.

💡 Investors should focus on the company's successful diversification into Wind EPC and its aggressive expansion in the Saudi Arabian market. The stock remains a key beneficiary of India's infrastructure and renewable energy push, though short-term margin fluctuations due to CapEx timing should be monitored.

Sanghvi Movers Expands to Qatar with New Step-Down Subsidiary for Crane Rentals

🟢 POSITIVE ⭐ 6/10

EXPANSION 📅 06 Feb 2026, 06:56 PM

Sanghvi Movers Limited has announced the incorporation of a new wholly owned step-down subsidiary in Qatar named Sanghvi Mover Middle East Heavy Lift Limited. The new entity has been established with a share capital of 2,00,000 Qatari Riyals to provide crane rental services. This move marks a strategic expansion into the Middle Eastern heavy lift market, leveraging the company's core expertise. While operations are yet to commence, the subsidiary is 100% controlled through the company's existing Middle East arm.

Incorporated Sanghvi Mover Middle East Heavy Lift Limited in Qatar on February 04, 2026
The subsidiary is 100% owned by Sanghvi Movers Middle East Limited
Initial share capital set at 2,00,000 Qatari Riyals
Business focus remains on the core competency of crane rental services
Expansion aims to capture infrastructure and industrial growth in the Middle East region

💡 Investors should view this as a positive step toward geographic diversification. Monitor future earnings reports for updates on contract wins and revenue contribution from the Qatari operations.

Sanghvi Movers Q3 Revenue Up 13.4% YoY to ₹236 Cr; 9M Revenue Jumps 39.7%

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 06 Feb 2026, 05:37 PM

Sanghvi Movers reported a strong 39.7% YoY revenue growth for 9M FY26, reaching ₹719 Cr, driven by its expansion into renewable EPC services. While Q3 revenue grew 13.4% YoY to ₹236 Cr, PAT for the quarter declined by 12.4% YoY to ₹29 Cr due to one-time exceptional items. The company's subsidiary, Sangreen Future Renewables, secured significant wind EPC orders worth ₹428.72 Cr, providing strong revenue visibility. Additionally, the company is expanding internationally with a new $4.3 million contract in Botswana.

9M FY26 Revenue grew by 39.7% YoY to ₹719 Cr, with EBITDA up 11.2% to ₹286 Cr
Q3 FY26 PAT fell 12.4% YoY to ₹29 Cr, impacted by one-time exceptional items
Secured wind BOP EPC orders worth ₹428.72 Cr through subsidiary Sangreen Future Renewables
Expanded global footprint with a USD 4.3 million power project contract in Botswana
EBITDA margins remained healthy at 38.6% for Q3 and 39.8% for 9M FY26

💡 Investors should focus on the robust top-line growth and the massive new order book in the renewable segment, which suggests strong future earnings potential despite the temporary PAT dip. Monitor the execution of international projects in Botswana and the MENA region as part of their ELEVATE 2030 strategy.

Sanghvi Movers Q3 FY26 Consolidated Net Profit Rises 25.6% YoY to ₹28.46 Crore

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 06 Feb 2026, 05:01 PM

Sanghvi Movers reported a strong year-on-year performance for Q3 FY26, with consolidated revenue from operations growing 58.8% to ₹239.05 crore. Net profit for the quarter stood at ₹28.46 crore, up 25.6% compared to ₹22.66 crore in the same period last year. The growth was primarily driven by a massive surge in the Wind EPC segment, which contributed ₹84.37 crore compared to just ₹10 crore a year ago. However, the company recorded an exceptional loss of ₹3.87 crore due to crane damage, and sequential net profit declined by 12.8% from Q2 FY26.

Consolidated Revenue from operations grew 58.8% YoY to ₹239.05 crore.
Wind EPC segment revenue jumped significantly to ₹84.37 crore from ₹10 crore in the previous year's quarter.
Consolidated Net Profit increased 25.6% YoY to ₹28.46 crore, though it fell 12.8% sequentially.
Exceptional loss of ₹3.87 crore recognized due to significant damage sustained by a crane cabin during mobilization.
Consolidated EPS for the quarter stood at ₹3.29, up from ₹2.62 in Q3 FY25.

💡 Investors should monitor the rapid scaling of the Wind EPC business, which is successfully diversifying the company's revenue mix. The strong YoY growth in revenue and profit suggests robust demand, though the sequential dip in margins due to exceptional items and higher expenses warrants a watch on operational efficiency.

Sanghvi Movers Q3 FY26 Revenue Rises 36% to ₹239 Cr; Net Profit Dips to ₹30.7 Cr

🟡 NEUTRAL ⭐ 8/10

EARNINGS 📅 06 Feb 2026, 04:54 PM

Sanghvi Movers reported a strong 36.5% YoY growth in consolidated revenue for Q3 FY26, reaching ₹239.05 crore, driven by its expansion into Wind and Project EPC segments. However, consolidated net profit declined by 16.4% to ₹30.78 crore compared to ₹36.83 crore in the previous year, impacted by higher operating expenses and finance costs. The company also recorded an exceptional loss of ₹3.87 crore due to equipment damage. While the top line shows robust momentum from diversification, margins are currently under pressure as the new business segments scale.

Consolidated Revenue from Operations increased 36.5% YoY to ₹239.05 crore from ₹175.05 crore.
Consolidated Net Profit fell to ₹30.78 crore from ₹36.83 crore in the corresponding quarter last year.
Wind EPC segment contributed significantly to the top line with revenue of ₹84.37 crore.
Operating and other expenses rose sharply to ₹73.07 crore compared to ₹55.05 crore YoY.
Reported an exceptional loss of ₹3.87 crore (net of taxes) due to damage sustained by a crane cabin.

💡 Investors should monitor if the margin contraction is temporary due to the scaling of new EPC segments or a structural shift in the business model. The stock remains a key play on Indian infrastructure and wind energy, but cost management will be critical for future valuation re-rating.

Sanghvi Movers to Report Q3 FY26 Results on Feb 6; Earnings Call Scheduled for Feb 9

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 04 Feb 2026, 07:06 PM

Sanghvi Movers Limited has announced that it will release its unaudited financial results for Q3 and 9M FY26 on February 06, 2026. A subsequent earnings conference call is scheduled for February 09, 2026, at 3:00 PM IST to discuss performance. The management, including the CEO and CFO, will address queries regarding their fleet of 450+ cranes and operations in sectors like wind energy and infrastructure. This announcement follows a technical correction to a previous filing regarding the meeting link.

Unaudited financial results for Q3 and 9M FY26 to be announced on February 06, 2026
Post-earnings conference call scheduled for February 09, 2026, at 3:00 PM IST
Management team including CEO Gaurang Desai and CFO Pradeep Mehta will lead the discussion
Company operates a fleet of 450+ cranes with capacities ranging from 20 MT to 1,600 MT
Significant revenue contribution expected from Wind EPC segment and Saudi Arabian operations

💡 Investors should track the result announcement on February 6 for updates on fleet utilization and the growth of the Wind EPC business.

Sanghvi Movers Schedules Q3 & 9M FY26 Earnings Call for February 09, 2026

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 04 Feb 2026, 11:21 AM

Sanghvi Movers Limited has announced that its unaudited financial results for the quarter and nine months ended December 31, 2025, will be declared on February 06, 2026. This will be followed by a post-earnings conference call on February 09, 2026, at 3:00 PM IST. The management, including the CEO and CFO, will discuss the company's performance across its crane rental and Wind EPC segments. The company currently operates a massive fleet of over 450 cranes with capacities up to 1,600 MT.

Financial results for Q3 and 9M FY26 to be released on February 06, 2026
Earnings conference call scheduled for February 09, 2026, at 3:00 PM IST
Management representation by CEO Gaurang Desai and CFO Pradeep Mehta
Company operates a fleet of 450+ cranes with capacities ranging from 20 MT to 1,600 MT
Key revenue contributors include renewable wind energy, infrastructure, and petrochemical sectors

💡 Investors should monitor the financial results on February 06 for updates on crane utilization and margins, and attend the call on February 09 for management guidance on the Wind EPC segment.

Sanghvi Movers' Statutory Auditor M S K A & Associates Converts to LLP

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 19 Jan 2026, 04:26 PM

Sanghvi Movers Limited has informed the exchanges that its statutory auditor, M S K A & Associates, has converted into a Limited Liability Partnership (LLP). The firm is now known as M S K A & Associates LLP, effective from January 13, 2026. This change is in accordance with the Limited Liability Partnership Act, 2008. The company has explicitly stated that this conversion will have no impact on the ongoing statutory audit services provided to the firm.

Statutory auditor M S K A & Associates converted to M S K A & Associates LLP effective January 13, 2026
New ICAI Firm Registration Number is 105047W / W101187
The conversion has no impact or bearing on the ongoing audit services for the company
Disclosure made under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015

💡 This is a routine administrative update regarding the auditor's legal structure and requires no action from investors.

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💰 Financial Performance

Revenue Growth by Segment

H1 FY26 revenue grew 57% YoY to INR 483 Cr from INR 307 Cr. FY 2024-25 total income grew 27% YoY to INR 823 Cr, primarily driven by the Renewable segment which accounts for a significant portion of the order book. The Wind segment specifically contributed 52% of revenues in FY24, up from 45% in FY23.

Geographic Revenue Split

India remains the primary market; however, the company is aggressively expanding into Saudi Arabia (KSA). In H1 FY26, INR 123 Cr of capex was deployed in India and INR 17 Cr in KSA. For the full FY26, the company has earmarked 35.6% of its total capex (INR 224 Cr out of INR 629 Cr) for the KSA subsidiary.

Profitability Margins

Net profit for FY 2024-25 moderated to INR 157 Cr from INR 188 Cr in the previous year due to higher depreciation and interest costs. Q2 FY26 blended yield stood at 2.04% per month, which is stable compared to previous quarters, though margins face pressure from the lower-margin EPC business.

EBITDA Margin

EBITDA margin for FY 2024-25 was 45%, a significant decline from 63% in the previous year. This compression is attributed to softer crane rental demand, prolonged monsoons, and a shift in revenue mix toward lower-margin engineering, procurement, and construction (EPC) services in the wind sector.

Capital Expenditure

The Board has approved a massive capex plan of INR 629 Cr for FY26, with INR 405 Cr for India and INR 224 Cr for KSA. In H1 FY26, the company already incurred INR 140 Cr of this total.

Credit Rating & Borrowing

The company maintains a healthy leverage profile with a debt-equity ratio of 0.36x as of September 30, 2025. The average borrowing cost is stable at 8.48% per annum on a net debt of INR 440 Cr.

⚙️ Operational Drivers

Raw Materials

The primary capital assets are heavy-duty cranes (lattice boom, telescopic, etc.). Operational costs are driven by fuel (diesel), spare parts, and maintenance materials, though specific percentage splits for these consumables are not disclosed.

Import Sources

Not explicitly disclosed, but the company invests in a 'world-class crane fleet' typically sourced from global manufacturers in Europe or China to maintain its leadership position.

Capacity Expansion

The company added 22 cranes in India and 9 cranes in Saudi Arabia during H1 FY26. The current fleet supports over 150 sites across India with a workforce of 2,500+ employees.

Raw Material Costs

Operating costs have increased significantly on a quarterly basis due to the establishment of the Saudi subsidiary. Fixed costs in KSA currently consist primarily of employee salary costs for the newly hired regional team.

Manufacturing Efficiency

Average capacity utilization was 70% in Q2 FY26, down from 80% in Q1 FY26. This decline was influenced by prolonged monsoons and election-related disruptions.

Logistics & Distribution

The company operates across 150+ sites, implying significant mobilization and demobilization costs for heavy machinery, though specific INR values for logistics are not provided.

📈 Strategic Growth

Expected Growth Rate

50.50%

Growth Strategy

Growth is driven by a robust order book of INR 1,239 Cr for FY26. The strategy involves aggressive expansion in Saudi Arabia to capture the 'top three' global position, increasing the fleet size through a INR 629 Cr capex program, and deepening penetration in the high-demand Renewable/Wind energy sector.

Products & Services

Heavy-duty crane rental services, wind farm EPC (Engineering, Procurement, and Construction) services, and specialized lifting solutions for infrastructure, power, and refinery sectors.

Brand Portfolio

Sanghvi Movers Limited (SML), Sanghvi Cranes.

New Products/Services

Expansion into the Saudi Arabian market (KSA) as a new geographic service offering, with 9 cranes already added to the region.

Market Expansion

Targeting the Middle East via the KSA subsidiary with a dedicated local team and a planned investment of INR 224 Cr in FY26.

Market Share & Ranking

The company is a leader in the Indian crane rental industry and aims to reach a top-three global ranking.

Strategic Alliances

Recent execution of a major project with Reliance Industries Limited involving over 75 cranes and a capital expenditure exceeding INR 50 Cr.

🌍 External Factors

Industry Trends

The industry is shifting toward larger capacity cranes to support taller wind turbines. There is a trend of increasing revenue share from EPC contracts, which offers higher volume but lower margins (EBITDA margin fell from 63% to 45% as EPC share rose).

Competitive Landscape

Facing 'rising competition' in the domestic rental market, which has contributed to the moderation of EBITDA margins.

Competitive Moat

Moat is built on a massive, specialized fleet of cranes and a skilled workforce of 2,500+. The high capital intensity (INR 629 Cr annual capex) and technical expertise required for heavy lifting serve as significant entry barriers.

Macro Economic Sensitivity

Highly sensitive to infrastructure spending and government policy regarding renewable energy, particularly wind power capacity additions.

Consumer Behavior

Shift in client preference toward integrated EPC solutions rather than pure crane rentals in the renewable sector.

Geopolitical Risks

Operations in Saudi Arabia expose the company to Middle Eastern geopolitical dynamics and local regulatory requirements for hiring (Saudi team).

⚖️ Regulatory & Governance

Industry Regulations

Compliance with SEBI Listing Obligations and Disclosure Requirements (LODR) 2015. Operations are subject to safety and transport regulations for heavy machinery movement.

Legal Contingencies

The company faces contingent liabilities of approximately INR 871 Cr as of March 31, 2023, related to VAT/CST dues. A favorable ruling was received from the Bombay High Court for FY2008-09 involving INR 120.3 Cr, but other cases remain pending.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty is the 10% potential delay in the INR 1,239 Cr order book due to external factors like weather and client readiness. Margin volatility due to revenue mix shifts is also a key risk.