Sanghvi Movers share price today

Sanghvi Movers Ltd's share price was ₹344.80 at the close on 4 November 2026. It has been rising for 22 weeks. That is 10.2% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹235 and ₹489, and at that close it sat 43% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Sanghvi Movers Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 6 weeks running.

Over the last 11 years the share price moved +155% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 28 September 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: lowest operating margin in 15 quarters, foreign funds (FIIs) raised their stake for 3 quarters in a row and revenue up on a year earlier for 5 quarters in a row.

1. Lowest operating margin in 15 quarters

   Operating margin was 33% in the June 2026 quarter, against 36% a year earlier.

   Why: Margins fell because the company set aside more for old unpaid customer bills, took currency losses and paid incentives.

   Next results: check whether the core crane margin recovers toward 51%.

   From the earnings call on 3 Aug 2026.

2. Foreign funds (FIIs) raised their stake for 3 quarters in a row

   From 1.5% to 2.3% of the company by the September 2026 quarter.

3. Revenue up on a year earlier for 5 quarters in a row

   In the June 2026 quarter revenue was ₹380 crore, +39.2% on a year earlier.

   Why: Revenue rose because the renewable engineering and construction business grew and overseas crane rental also expanded.

   Next results: check whether signed work turns into revenue on time, especially renewable projects after the monsoon.

   From the earnings call on 3 Aug 2026.

For April to June 2026 (the quarter ended 30 June 2026), Sanghvi Movers reported revenue of ₹380 crore, up 39.2% from ₹273 crore a year earlier, and a profit of ₹65.0 crore, up 30.0% from ₹50.0 crore.

Sanghvi Movers results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Sanghvi Movers' management discussed these results on a call held on 3 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Sanghvi Movers closed at ₹344.80 on 4 November 2026, down 8.9% from ₹378.55 a year earlier (7 November 2025) and up 197.9% over five years. Its highest weekly close since March 2016 was ₹676.05 on 28 March 2024.

Sanghvi Movers share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

564 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Sanghvi Movers closed at ₹344.80, down 5.9% on the week and down 19.6% on the month. 14 Aug 2026: ex-date for a dividend of ₹2 a share.

Earlier

• 3 Aug 2026: Sanghvi Movers held its results call for April to June 2026. Management guided: FY27 consolidated revenue ₹1,400-1,500 crores, roughly two-thirds crane rental and one-third renewable; operating profit ₹525-575 crores.
• Results for April to June 2026: Revenue up 39.2% and profit up 30.0% on a year earlier.
• 27 Sep 2024: Share split: face value cut from ₹2 to ₹1 a share (ex-date).

Sanghvi Movers paid ₹2 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.58% at the ₹344.80 close on 4 November 2026. The last was a dividend of ₹2 a share, ex-date 14 August 2026.

Sanghvi Movers dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. Sanghvi Movers Ltd paid out 9% of its profit as dividends in FY26, and it paid a dividend in 4 of its last 5 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 3 August 2026, Sanghvi Movers' management guided: FY27 consolidated revenue ₹1,400-1,500 crores, roughly two-thirds crane rental and one-third renewable; operating profit ₹525-575 crores.

“We are focused on being a judicious capital allocator, ensuring that group ROCE is maintained and that all investments meet our internal IRR criteria before we deploy capital.”Rishi Sanghavi, on the call for April to June 2026

What management guided

• FY27 blended return on capital 16.3-16.5% and gross debt/equity around 0.7x.
• FY27 capital spending pool ₹652 crore, ₹92 crore capitalized in Q1 and balance in H2; approximately 15% FY27 revenue lift expected, substantially all revenue-generating.
• KSA rental yield to remain at 4%; regional capital spending ₹324 crore, including ₹316 crore revenue-generating, expected online in Q3-Q4.
• Core crane margin to return toward 51% as ECL normalizes; crane deployment assumes minimum 80% utilization and 2% yield.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 3 August 2026.

What is changing at Sanghvi Movers, from the latest results and calls: executable domestic and renewable revenue base, revenue-generating fleet deployment and core-crane margin repair through collections.

• Executable domestic and renewable revenue base. The secured order book and renewable pipeline provide visibility, provided project readiness converts into billed work. ⚠ estimate
• Revenue-generating fleet deployment. Most of the approved capital is intended to add revenue capacity during the second half. ⚠ estimate
• Core-crane margin repair through collections. Collections and expected-credit-loss normalization could repair the latest core-crane margin shortfall. ⚠ estimate
• International fleet earnings. GCC yields remain above the India-and-Botswana level, but the revised yield and smaller pipeline make this a proof point rather than a settled advantage. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the April to June 2026 results, written 22 August 2026.

Management reported a secured order book of almost ₹1,250 crore that is fully executable within FY27 and an inquiry pipeline of almost ₹5,600 crore.

✓ fact

Our read after the April to June 2026 results, written 22 August 2026.

The thesis breaks if revenue growth continues but operating margin stays at or below the latest level while aged receivables and the capital plan both rise, because incremental fleet and renewable revenue would not be converting into acceptable returns.

Each change stops working if

• Executable domestic and renewable revenue base: Customer site readiness, OEM supply or right-of-way delays prevent renewable orders from converting after the monsoon period.
• Revenue-generating fleet deployment: Equipment delivery or commissioning slips and the new fleet remains idle while debt and depreciation begin to rise.
• Core-crane margin repair through collections: Aged receivables remain elevated and expected-credit-loss charges continue despite the stated collection progress.
• International fleet earnings: GCC yield weakens further or supply-chain friction delays the revenue-generating regional fleet.

The main risks

• Capital-plan revision and deployment risk: The approved pool increased without a full bridge to the prior plan and is weighted to the second half. ✓ fact
• International yield and pipeline reset: The GCC yield expectation and visible pipeline have both moved down from the prior call. ✓ fact
• Receivables and collection timing: High group receivable days can absorb cash even when reported profit rises. ⚠ estimate
• Other-income dig remains unresolved: Available materials do not identify the item behind the historical other-income flag. ⚠ estimate

Our read after the April to June 2026 results, written 22 August 2026.

When Sanghvi Movers reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Core crane margin recovery to track ECL normalization and aged-receivable collections in the next print.

Sanghvi Movers is not on any of our India lists this week.

Sanghvi Movers Ltd earned ₹65.0 Cr of net profit in the Jun 2026 quarter, +30.0% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹184 Cr. That is 17.1% of the quarter's revenue. The same quarter a year earlier earned ₹50.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹184 Cr (+17.2% on the year before).

Why profit moved: revenue changed +39.2% on a year earlier and the margin moved −3.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +17.5% and revenue +29.7%. Profit is growing slower than sales: rising costs are taking part of the growth.

FY26-Q4. revenue ₹351 Cr and profit ₹69 Cr as reported.

FY27-Q1. revenue ₹380 Cr and profit ₹65 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

Sanghvi Movers Ltd reported ₹380 Cr of revenue in the Jun 2026 quarter, +39.2% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 5 years it has grown 36.7% a year on average. The last full year, FY26, came in at ₹1,070 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. Management reports a secured order book executable within FY27 and a larger inquiry pipeline across sectors. Renewable engineering contributed 37% of latest-quarter revenue, creating a second revenue engine beside crane rental.

The last four reported quarters add to ₹1,177 Cr.

FY26 revenue was ₹1,070 Cr, +36.8% on the year before.

Recent pace: the last four quarters grew +29.7% on average, against 36.7% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +30.2%, against +39.6% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +19.9%, against +5.1% a year (accelerating).

FY26-Q4. revenue ₹351 Cr and profit ₹69 Cr as reported.

FY27-Q1. revenue ₹380 Cr and profit ₹65 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

Sanghvi Movers Ltd's operating margin was 33.0% in the Jun 2026 quarter, 3.0 percentage points lower than the same quarter a year ago. Across 5 years it has been between 37.0% and 56.0%. The latest quarter is below every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. Management attributes the core-crane margin decline partly to aged receivables and expects recovery as collections progress. July collections were cited as an early sign, but this must be confirmed by a lower receivables burden and a better reported margin.

Why the margin moved: operating margin changed −3.4 percentage points on the year while gross margin changed +0.0 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

FY26-Q4. revenue ₹351 Cr and profit ₹69 Cr as reported.

FY27-Q1. revenue ₹380 Cr and profit ₹65 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

Over the last 3 years, 154% of Sanghvi Movers Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹278 Cr of operating cash against ₹184 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹435 Cr of spending on assets, free cash was −₹157 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 154% of profit came in as cash: the cash cycle stayed about the same between FY22 and FY26, so the cash follows profit, not the cycle.

What to look at next: the bigger use of cash is spending on new assets, at 2.6× depreciation over three years. The next section checks what that spending is building.

Sanghvi Movers Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 92 days in FY26, up from 86 days in FY22. It spent ₹652 Cr on assets over the last 2 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Why this happened. The approved FY27 pool includes capital already deployed in the first quarter, with the balance scheduled for the second half. The return case depends on equipment delivery, commissioning and customer deployment rather than approval alone.

At FY26 sales of ₹1,070 Cr, each day of that cycle ties up about ₹2.9 Cr, so roughly ₹270 Cr is tied up in the business at any time.

Spending on assets: ₹652 Cr over the last 2 years, against ₹253 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹9.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Sanghvi Movers Ltd's P/E is 14.6×, about the lowest it has ever been. Its usual P/E (the middle reading) is 23.4×, over 4.4 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹23.03.