# Sanghvi Movers share price today (Sanghvi Movers Ltd, NSE: SANGHVIMOV)

> Sanghvi Movers share price today: ₹321.85 at the NSE close on 3 November 2026, down 18.8% in a year. Sanghvi Movers (NSE: SANGHVIMOV) is worth ₹2,788 crore, trades at a P/E of 13.6 and has closed between ₹235.00 and ₹489.05 over the past 52 weeks. > Sanghvi Movers Ltd's results are improving, while its P/E is near the low end of its own history over 4.4 years, higher than only 0% of past readings. SANGHVIMOV · Capital Goods - EPC/Cranes · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/sanghvi-movers-ltd

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## Key numbers

- Business trend: Turning around, from the last 12 quarters
- Price: ₹321.85 (−18.8% in a year)
- P/E: 13.6× (lower than 100% of the last 4.4 years)
- Revenue (Jun 2026): ₹380 Cr (+39.2% on a year ago)
- Profit (Jun 2026): ₹65.0 Cr (+30.0% on a year ago)
- Operating margin: 33.0% (−3.0 points on a year ago)
- ROCE: 16%, FY26
- ROIC: 12.1%, against a 12.0% cost of capital: +0.1 points

The main question: yearly earnings per share moved +17.8% while the share price moved −18.8%. ## What is the Sanghvi Movers share price today? Sanghvi Movers Ltd's share price was ₹321.85 at the close on 3 November 2026. It has been rising for 22 weeks. That is 16.1% 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 34% of the way up from that low. 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 +138% 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. ## What changed at Sanghvi Movers this quarter? 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. ## What are Sanghvi Movers' latest quarterly results? 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹380 crore | ₹273 crore | +39.2% |
| Profit | ₹65.0 crore | ₹50.0 crore | +30.0% |
| Earnings per share | ₹7.54 | ₹5.81 | +29.8% |
| Operating margin | 33.0% | 36.0% | −3.0 points |

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.)

## What is the Sanghvi Movers share price history? Sanghvi Movers closed at ₹321.85 on 3 November 2026, down 18.8% from ₹396.15 a year earlier (31 October 2025) and up 178.1% over five years. Its highest weekly close since March 2016 was ₹676.05 on 28 March 2024. ### Sanghvi Movers share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹319.90 | +0.6% |
| 1 month ago · 1 Oct 2026 | ₹429.10 | −25.0% |
| 6 months ago · 30 Apr 2026 | ₹319.90 | +0.6% |
| 1 year ago · 31 Oct 2025 | ₹396.15 | −18.8% |
| 3 years ago · 3 Nov 2023 | ₹380.13 | −15.3% |
| 5 years ago · 4 Nov 2021 | ₹115.75 | +178.1% |
| 10 years ago · 4 Nov 2016 | ₹125.85 | +155.7% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹135.10 | +138.2% |
| Highest weekly close since March 2016 · 28 Mar 2024 | ₹676.05 | −52.4% |
| Lowest weekly close since March 2016 · 3 Apr 2020 | ₹22.55 | +1,327.3% |
| 52-week high (weekly close) · 14 Aug 2026 | ₹489.05 | −34.2% |
| 52-week low (weekly close) · 13 Mar 2026 | ₹235.00 | +37.0% |

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 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (564 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Sanghvi Movers? 3 Nov 2026: Sanghvi Movers closed at ₹321.85, up 0.6% on the week and down 25.0% 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). ## What dividend does Sanghvi Movers pay? Sanghvi Movers paid ₹2 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.62% at the ₹321.85 close on 3 November 2026. The last was a dividend of ₹2 a share, ex-date 14 August 2026. ### Sanghvi Movers dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 14 Aug 2026 | ₹2 | Dividend |
| 12 Sep 2025 | ₹2 | Dividend |
| 20 Aug 2024 | ₹6 | Dividend |
| 4 Aug 2023 | ₹4 | Dividend |
| 10 Aug 2022 | ₹1 | Dividend |

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. 4 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## What did Sanghvi Movers management say on the latest results call? 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](https://files.tijorifinance.com/insight/india/3134/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 3 August 2026.)

## What is the future of Sanghvi Movers? What is changing in the business? 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.)

## What is Sanghvi Movers' order book? 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.)

## What could change the Sanghvi Movers story? What are the risks? 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.)

## What to watch in Sanghvi Movers' next results? 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. - What to check (from the call)
- Core crane margin recovery to track ECL normalization and aged-receivable collections in the next print. - GCC DSO improvement after July collections to confirm cash conversion is stabilizing. - KSA equipment commissioning and revenue generation in H2 to proceed without supply-chain slippage. - EN&C order conversion after monsoons to test execution capacity, revenue timing and normalized margin. ## Which stock lists is Sanghvi Movers on? Sanghvi Movers is not on any of our India lists this week. ## Is Sanghvi Movers profitable? 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. 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. ## How much revenue does Sanghvi Movers make, and is it growing? 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. 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. ## How much of every ₹100 of sales does Sanghvi Movers keep? 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. 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. ## Is Sanghvi Movers' profit turning into cash? 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. 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. ## Where does Sanghvi Movers' cash go? 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. 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. ## What is Sanghvi Movers' P/E ratio, and how does it compare with its own history? Sanghvi Movers Ltd's P/E is 13.6×, 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. 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. Why the multiple is where it is: over the past year earnings per share moved +17.8% while the price moved −18.8%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 3 years the price moved −5.4% a year; about +13.7% a year came from earnings growth and about −19.1 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## What growth does the Sanghvi Movers share price assume? Worked out from its price on 23 August 2026, Sanghvi Movers Ltd's share price assumed profit growth of about 12.3% a year. Today its P/E is 13.6×, lower than 100% of its own last 4.4 years. This is a one-day reading, taken on 23 August 2026. Every other number on this page, the multiple included, uses the latest price as of 3 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements. ## Is the Sanghvi Movers business getting better or worse? Sanghvi Movers Ltd's business is turning around. Profit growth has swung from −7.8% at its low to +19.9%, improving for 4 quarters in a row, with ROCE steady at 19.1%. This is based on 12 quarters of 4 measures. Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it. ## What is the Sanghvi Movers story, and has it been checked? Sanghvi Movers Ltd's story is not scored yet against the checks our research set on 22 August 2026. Where it sits in its own cycle: MID EXPANSION. Our read, 22 August 2026. A lower-margin renewable mix and temporary credit costs are masking an expanding crane-and-renewables revenue base, but the case depends on collections, margin repair and disciplined deployment of the revised capital plan. What is proven. A lower-margin renewable mix and temporary credit costs are masking an expanding crane-and-renewables revenue base, but the case depends on collections, margin repair and disciplined deployment of the revised capital plan. What is not proven yet. 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. What would change our mind. 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. The test written in advance. 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. Measured by: the thesis as written as stated by the next result. The test written in advance. Margin remains below normalized level. Measured by: Margin remains below normalized level Operating margin at or below the Jun 2026 level for two consecutive quarters. by the next result. The test written in advance. Capital-plan revision and deployment risk. Measured by: Capital-plan revision and deployment risk A further increase in the approved capital pool or a delayed second-half deployment schedule. by the next result. What the company does. The core crane business, renewables execution and international fleet deployment provide multiple revenue paths, but each requires delivery rather than further guidance changes. The case improves only if collections normalize and the capital plan earns returns without another reset in international yields. What the surface reading misses. What the surface reading misses. The surface reading is: A low operating margin suggests deteriorating business economics. The research reads it further: Management attributes the latest core-crane decline to expected-credit-loss ageing, foreign exchange, incentives and ancillary-equipment mix; renewable scaling also changes the consolidated mix. Lever 6 · Order-book wins: building. The secured order book and renewable pipeline provide visibility, provided project readiness converts into billed work. What proves it keeps working: Executable domestic and renewable revenue base. It stops working if Customer site readiness, OEM supply or right-of-way delays prevent renewable orders from converting after the monsoon period. Lever 10 · New geographies: building. 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. What proves it keeps working: International fleet earnings. It stops working if GCC yield weakens further or supply-chain friction delays the revenue-generating regional fleet. Sources: our stock research file (22 August 2026) · quarterly results through Jun 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## Did Sanghvi Movers management deliver what it promised? What Sanghvi Movers Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met. KSA Crane Yield Guidance Reduced · 3 August 2026. In May 2026, management described Middle East yield as upwards of 4.5% and remained committed despite the West Asia disruption. In Aug 2026, management reported GCC yield of 4.10% and reset its forward expectation to 4%, a roughly 9%-11% reduction with no reconciliation of why the prior yield outlook no longer lasts. Unexplained Increase in FY27 Capex Pool · 3 August 2026. The May 2026 call disclosed Rs 123 crores of carried-forward capex, plus Rs 190 crores in India and Rs 200 crores in KSA, implying approximately Rs 513 crores for FY27. The latest call increased the FY27 pool to Rs 652 crores, approximately 27% higher, and shifted the stated deployment to the second half without explaining the additional capital requirement or reconciling the revised plan. Middle East Pipeline Has Been Reduced · 3 August 2026. In May 2026, management cited nearly $50 million of Middle East inquiries over the next 24 months. The latest call cited a visible 0-24 month pipeline of approximately $38 million, a roughly 24% reduction, without reconciling whether projects were cancelled, delayed, or excluded from the revised scope; the latest call's reference to temporary supply-chain disruption does not quantify its impact. Global Competitive Ranking Changed Without Explanation · 3 August 2026. The May 2026 call identified Sanghvi Movers as the fifth-largest crane rental company in the world. The latest call presented the company as third-largest and management validated the ranking source rather than explaining the two-position change or whether the methodology had changed, creating a material question about the company's stated competitive position. Every quote above is taken word for word from the company’s own earnings calls. ## What is Sanghvi Movers management's track record? FY26 revenue ₹1,070 crore delivered despite guidance noise; order book ₹1,800 crore (₹1,200 crore executable), crane utilization 75-80%. ### Regulatory and governance record

No SEBI/CBI/ED enforcement action; live sweep shows only routine insider/SAST disclosure and a GST inter-state crane-movement tax ruling (not a penalty)

0% Promoter shares pledged

Sources:

- [finance.yahoo.com](https://finance.yahoo.com/news/sanghvi-movers-ltd-bom-530073-010428767.html)
- [trendlyne.com](https://trendlyne.com/equity/insider-trading-sast/all/SANGHVIMOV/1181/sanghvi-movers-ltd/)

(Checked 21 July 2026.)

## How much does Sanghvi Movers earn on its capital? Sanghvi Movers Ltd earned a ROCE of 16% in FY26. Its return on capital used (ROIC) is 0.1 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 17.2% net margin and 0.46× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 17.2% net margin × 0.46× asset turnover × 1.79× leverage (assets divided by equity) ≈ 14.2% on equity. The margin does most of the work; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 12.1% − 12.0% = +0.1 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. ## Does Sanghvi Movers have too much debt? Sanghvi Movers Ltd has total debt of ₹674 Cr against shareholder equity of ₹1,310 Cr as of Jun 2026, so its debt is 0.51× its equity. Year by year, that ratio went from 0.23 in FY22 to 0.51 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Sanghvi Movers shareholding pattern? Domestic institutions cut their stake in Sanghvi Movers Ltd by 2.1 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 1.5% of the company. Foreign institutions moved −0.7 points over the same period, to 2.3%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: −2.1 points over 8 quarters, to 1.5%; Foreign institutions: −0.7 points over 8 quarters, to 2.3%; Promoters: +0.0 points over 8 quarters, to 47.3%. Why the owners changed: domestic institutions drove it (−2.1 points), together with foreign institutions (−0.7 points). They reduced their stake. ## How far is Sanghvi Movers from balance-sheet trouble? For Sanghvi Movers Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Sanghvi Movers rank in its industry? 63.5 out of 100, rank 1 of 4 in Capital Goods - EPC/Cranes, with 97% of the evidence available. Sanghvi Movers Ltd scores 63.5 out of 100 against the 4 companies it is compared with in Capital Goods - EPC/Cranes, ranking 1. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 19.6 + 18.5 + 14.6 + 10.8 = 63.5. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Sanghvi Movers compared with? Sanghvi Movers ranks 1 of 4 Capital Goods - EPC/Cranes companies on the 4-Factor Sector Score, with 63.5 out of 100. 1. Sanghvi Movers Ltd this page SANGHVIMOV · quiet · Evidence leans up · 97% evidence 63.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.6/35 · Revenue 30.2% · Profit 19.9% · Operating margin change -3 points · 100% evidence Capital efficiency 18.5/25 · ROCE 15.6% · Operating margin 33% · 100% evidence Valuation 14.6/20 · P/E 15.5× · PEG 1.48 · 85% evidence Relative strength 10.8/20 · Lead over its industry 0.6% · Lead over NIFTY 500 7.7% · 1 year -7.5% · 100% evidence · 7 of 12 weeks ahead Exact sum: 19.6 + 18.5 + 14.6 + 10.8 = 63.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Action Construction Equipment Ltd](https://www.sectoralpha.in/stocks/action-construction-equipment-ltd) ACE · losing its lead · Evidence leans up · 82% evidence 53.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 9.9/35 · Revenue 5.2% · Profit 2.8% · Operating margin change 1 points · 100% evidence Capital efficiency 20.7/25 · ROCE 31.6% · Operating margin 15% · 100% evidence Valuation 10.1/20 · P/E 27.1× · PEG 1.71 · 85% evidence Relative strength 12.5/20 · Lead over its industry n/a · Lead over NIFTY 500 7.1% · 1 year -9.6% · 25% evidence · 10 of 12 weeks ahead Exact sum: 9.9 + 20.7 + 10.1 + 12.5 = 53.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Ajax Engineering Ltd](https://www.sectoralpha.in/stocks/ajax-engineering-ltd) AJAXENGG · quiet · Evidence leans down · 75% evidence 47.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 5.1/35 · Revenue 1.9% · Profit -7.3% · Operating margin change -1 points · 100% evidence Capital efficiency 19.9/25 · ROCE 23.9% · Operating margin 12% · 100% evidence Valuation 11.7/20 · P/E 26.6× · PEG 1.36 · 50% evidence Relative strength 11.0/20 · Lead over its industry n/a · Lead over NIFTY 500 2.1% · 1 year -12.7% · 25% evidence · 6 of 12 weeks ahead Exact sum: 5.1 + 19.9 + 11.7 + 11 = 47.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [TIL Ltd](https://www.sectoralpha.in/stocks/til-ltd) TIL · quiet · Most evidence points down · 71% evidence 30.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.5/35 · Revenue 21.3% · Profit -80% · Operating margin change 17.3 points · 74% evidence Capital efficiency 0.4/25 · ROCE 2.9% · Operating margin 6.6% · 100% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 1.3/20 · Lead over its industry -13.3% · Lead over NIFTY 500 -5.8% · 1 year -31.4% · 100% evidence · 10 of 12 weeks ahead Exact sum: 18.5 + 0.4 + 10 + 1.3 = 30.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Jun 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Capital Goods - EPC/Cranes](https://www.sectoralpha.in/sectors/capital-goods-epc-cranes), all 4 compared on one page. ## Which companies are close to Sanghvi Movers in size? Sanghvi Movers is the 3rd largest of 4 Capital Goods - EPC/Cranes companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Action Construction Equipment and Ajax Engineering. Just below it: TIL. ### Capital Goods - EPC/Cranes companies close in size

1. [Action Construction Equipment Ltd](https://www.sectoralpha.in/stocks/action-construction-equipment-ltd) ₹11,845 crore
2. [Ajax Engineering Ltd](https://www.sectoralpha.in/stocks/ajax-engineering-ltd) ₹6,127 crore
3. Sanghvi Movers Ltd ₹3,171 crore
4. [TIL Ltd](https://www.sectoralpha.in/stocks/til-ltd) ₹1,667 crore

[All 4 Capital Goods - EPC/Cranes companies, largest first](https://www.sectoralpha.in/sectors/capital-goods-epc-cranes#all-companies)

### Companies close in size in other industries

1. [Sterling & Wilson Renewable Energy Ltd](https://www.sectoralpha.in/stocks/sterling-wilson-renewable-energy-ltd) ₹3,175 crore · Solar EPC
2. [Anzen India Energy Yield Plus Trust](https://www.sectoralpha.in/stocks/anzen-india-energy-yield-plus-trust) ₹3,171 crore · Miscellaneous
3. Sanghvi Movers Ltd ₹3,171 crore
4. [Uniparts India Ltd](https://www.sectoralpha.in/stocks/uniparts-india-ltd) ₹3,167 crore · Castings, Forgings & Fastners
5. [VST Industries Ltd](https://www.sectoralpha.in/stocks/vst-industries-ltd) ₹3,151 crore · Cigarettes & Tobacco Products

## What else do people ask about Sanghvi Movers? ### What is Sanghvi Movers's share price today? Sanghvi Movers Ltd's share price is ₹321.85, −18.8% over the past year. The whole company is worth ₹2,788 Cr on the market. In the last 52 weeks it traded between ₹235 to ₹489; today it is 34% of the way up from the low, 16.1% below its 200-day average (as of 3 November 2026). ### What were Sanghvi Movers's latest quarterly results? Sanghvi Movers Ltd reported revenue of ₹380 Cr and net profit of ₹65.0 Cr for the Jun 2026 quarter. Revenue rose 39.2% and profit rose 30.0% compared with a year earlier. Earnings per share were ₹7.54. The operating margin was 33.0%, 3.0 percentage points lower than a year earlier (as of 3 November 2026). ### What is Sanghvi Movers's market cap? Sanghvi Movers Ltd's market capitalisation is ₹2,788 Cr at a share price of ₹321.85. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Sanghvi Movers performing? Sanghvi Movers Ltd's share price has been rising for 22 weeks. In its latest quarter, revenue rose 39.2% and profit rose 30.0% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 6 weeks running (as of 3 November 2026). ### Will Sanghvi Movers's share price go up? This page does not forecast Sanghvi Movers Ltd's share price. What it shows instead: the share price is ₹321.85, and it has been rising for 22 weeks. Its P/E of 13.6× is higher than 0% of its own last 4 years (as of 3 November 2026). ### Who owns Sanghvi Movers? Promoters own 47.3% of Sanghvi Movers Ltd, foreign institutions 2.3%, domestic institutions 1.5% and the public 49.0% (latest quarter). The biggest change over the last two years: Domestic institutions cut their stake by 2.1 percentage points over 8 quarters (as of 3 November 2026). ### Does Sanghvi Movers have too much debt? Sanghvi Movers Ltd has a moderate amount of debt: its debt is 0.51× its equity, and its operating profit is 11 times its interest bill. FY26 borrowings were ₹674 Cr against equity of ₹1,311 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is Sanghvi Movers in its business cycle? Sanghvi Movers Ltd's FY26 operating margin was 37.0%, against a 5-year range of 37.0% to 56.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 33.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Sanghvi Movers story? The main question: yearly earnings per share moved +17.8% while the share price moved −18.8%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Sanghvi Movers a stock worth studying right now? What the numbers show: Sanghvi Movers Ltd's results are improving, while its P/E is near the low end of its own history over 4.4 years, higher than only 0% of past readings. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Sanghvi Movers share price forecast for 2026? What management itself guided: FY27 consolidated revenue ₹1,400-1,500 crores, roughly two-thirds crane rental and one-third renewable; operating profit ₹525-575 crores. 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. What would change the story: 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. ### Where does this page get Sanghvi Movers' management information? From Sanghvi Movers' results calls, its filings and public records on governance, each dated on the page. Management’s plans are shown as plans, never as results. This is research, not advice. We’re not SEBI-registered.