Sanghvi Movers Ltd - Stock Valuation and Financial Performance

BSE: 530073 | NSE: SANGHVIMOV | Construction Vehicles | Small Cap

Sanghvi Movers Share Price

383.95 -6.85 -1.75%
as on 13-Nov'24 12:41

DeciZen - make an informed investing decision on Sanghvi Movers

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Sanghvi Movers stock performance -

mw4me loader
P/E Ratio (SA):
18.08
Market Cap:
3,376.9 Cr.
52-wk low:
358.3
52-wk high:
741.5

Is Sanghvi Movers Ltd an attractive stock to invest in?

1. Is Sanghvi Movers Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Sanghvi Movers Ltd is a average quality company.

2. Is Sanghvi Movers Ltd undervalued or overvalued?

The key valuation ratios of Sanghvi Movers Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Sanghvi Movers Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Sanghvi Movers Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Sanghvi Movers:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Sanghvi Movers Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 6.3%19.4%16.4%-2.4%-3.1%1.8%-0.6%6.3%17.2%23.8%-
Value Creation
Index
-0.60.40.2-1.2-1.2-0.9-1.0-0.60.20.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 308531553228282323224335456619623
Sales YoY Gr.-72.2%4.2%-58.7%23.6%14.3%-30.7%49.8%36%35.7%-
Adj EPS 0.51312.3-8.1-7.7-1-3.53.11220.521.6
YoY Gr.-2661.7%-5.4%-166%NANANANA284.9%70.8%-
BVPS (₹) 75.687.399.591.184.783.981.984.897.2116.9121.6
Adj Net
Profit
4.1112106-70.2-66.2-8.8-3026.9104177187
Cash Flow from Ops. 208258311126128163119130257304-
Debt/CF from Ops. 1.62.31.74.33.51.91.71.30.71-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.1%17%40.4%35.7%
Adj EPS 52.1%NANA70.8%
BVPS5%6.7%12.6%20.3%
Share Price 17.1% 58.4% 54.8% 1.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
0.615.913.2-8.5-8.7-1.2-4.23.713.219.118.1
Op. Profit
Mgn %
57.963.366.336.631.648.541.741.457.761.659
Net Profit
Mgn %
1.321.219.2-30.8-23.5-2.7-13.4822.728.630
Debt to
Equity
0.50.80.60.70.60.40.30.20.20.3-
Working Cap
Days
20713215333520514419214514012796
Cash Conv.
Cycle
15682912341286510392847239

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 18.10%

Sales growth is growing at healthy rate in last 3 years 40.35%

Sales growth is good in last 4 quarters at 24.52%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Sanghvi Movers Ltd.

Standalone Consolidated
TTM EPS (₹) 21.6 20.1
TTM Sales (₹ Cr.) 623 580
BVPS (₹.) 121.6 116.1
Reserves (₹ Cr.) 1,044 996
P/BV 3.21 3.36
PE 18.08 19.39
From the Market
52 Week Low / High (₹) 358.30 / 741.50
All Time Low / High (₹) 0.38 / 741.50
Market Cap (₹ Cr.) 3,377
Equity (₹ Cr.) 8.7
Face Value (₹) 1
Industry PE 33.8

Management X-Ray of Sanghvi Movers:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Sanghvi Movers

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales308531553228282323224335456619
Operating Expenses 130202187145193166137197199238
Manufacturing Costs821241308411411187126133159
Material Costs0000000000
Employee Cost 16222215192020253241
Other Costs 31563546603529473438
Operating Profit 178329366848915787138257381
Operating Profit Margin (%) 57.9%61.9%66.3%36.6%31.6%48.5%39.0%41.1%56.4%61.6%
Other Income 725102013329373028
Interest 43556555484126171725
Depreciation 120126150137141140122118121132
Exceptional Items 0000000000
Profit Before Tax 23172161-88-86-21-3239149252
Tax 156552-30-28-15-10103764
Profit After Tax 8107109-57-58-7-2229112188
PAT Margin (%) 2.6%20.1%19.7%-25.2%-20.6%-2.0%-10.0%8.8%24.6%30.4%
Adjusted EPS (₹)0.912.412.6-6.6-6.7-0.8-2.63.412.921.7
Dividend Payout Ratio (%)27%12%16%0%0%0%0%15%15%14%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 6547558617897337267097348421,012
Share Capital 9999999999
Reserves 6467478537807257187007258331,003
Minority Interest0000000000
Debt271463454471354219154120163257
Long Term Debt27146241045932820814912094161
Short Term Debt0144122611507096
Trade Payables11201817172116211729
Others Liabilities 164257210168140127789098126
Total Liabilities 1,1001,4961,5431,4451,2441,0929589641,1211,424

Fixed Assets

Gross Block1,7171,3771,5141,5701,5581,5311,5171,5631,7591,998
Accumulated Depreciation826126240332450570685797904985
Net Fixed Assets8911,2511,2741,2381,1089618337668551,012
CWIP 185040000715
Investments 781500012303671
Inventories1011141212117546
Trade Receivables124155166135736281121140179
Cash Equivalents 28433432102181
Others Assets23637154465523325760
Total Assets 1,1001,4961,5431,4451,2441,0929589641,1211,424

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 208258311126128163119130257304
PBT 23172161-88-86-21-3239149252
Adjustment 160188207173177178131120115133
Changes in Working Capital 24-40-125143512-30-6-18
Tax Paid 1-62-45-10-5280-1-62
Cash Flow From Investing Activity -34-487-189-4419921-76-237-346
Capex -49-491-171-60199-1-58-205-287
Net Investments 142-21150022-18-33-62
Others 1140000013
Cash Flow From Financing Activity -151205-123-82-145-174-141-48-1568
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -44-47-61-61-49-41-26-16-18-14
Dividend Paid 0-150-170000-4-17
Others -107267-62-4-96-133-116-327100
Net Cash Flow 23-24-102-1-26527
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)1.2415.1713.51-6.97-7.63-0.9-3.124.0814.2220.28
ROCE (%)6.2719.3716.41-2.43-3.091.78-0.586.2917.223.82
Asset Turnover Ratio0.270.410.360.150.210.280.220.350.440.49
PAT to CFO Conversion(x)262.412.85N/AN/AN/AN/A4.482.291.62
Working Capital Days
Receivable Days161961062401347711711010594
Inventory Days127821161314643
Payable Days0000000000

Sanghvi Movers Ltd Stock News

Sanghvi Movers Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sanghvi Movers on 13-Nov-2024 12:41 is ₹383.9.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 13-Nov-2024 12:41 the market cap of Sanghvi Movers stood at ₹3,376.9.
The latest P/E ratio of Sanghvi Movers as of 13-Nov-2024 12:41 is 18.08.
The latest P/B ratio of Sanghvi Movers as of 13-Nov-2024 12:41 is 3.21.
The 52-week high of Sanghvi Movers is ₹741.5 and the 52-week low is ₹358.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sanghvi Movers is ₹623.1 ( Cr.) .

About Sanghvi Movers Ltd

Sanghvi Movers Limited (SML) is the largest crane rental company in India and Asia, and the fifth-largest in the world as ranked by International Cranes (June 2021). Headquartered in Pune, SML was incorporated in 1989 and went through an Initial Public Offering in 1994. The shares of the company are traded on the Bombay Stock Exchange and National Stock Exchange.

 SML is an ISO 9001:2015, ISO 14001:2015 & ISO 45001:2018 certified company. The company has a fleet of many medium to large-sized heavy-duty telescopic and crawler cranes ranging from 20 to 1000 MT across various operational job sites in India.

The company’s fleet is primarily catered for the construction of various industrial plants like Power, Steel, Cement, Fertilizers, Petrochemicals & Refineries, Metros (underground as well as elevated) and Windmill sector. The company also has many High Bed Trailers and lots of multi-axle lines which are being used for the movement of its crane and crane parts from one location to another.

Business area of the company

The company is engaged in the business of providing hydraulic and crawler cranes to various industries in the infrastructure sector.

Milestones

  • 1989: Established by Chandrakant P. Sanghvi.
  • 1995: SML was listed on the BSE and raised Rs 17.50 crore.
  • 1997-98: Deployed a capex of Rs 55 crore to meet requirement of projects: Reliance Petroleum Refinery at Jamnagar and ONGC-Oil field project.
  • 2007: Raised Rs 72 crore of equity on preferential share allotment basis to a well-known Goldpeak Ltd., investment arm of CLSA Private Equity Firm. Fund were deployed towards capex and initiation of debt reduction.
  • 2008: Focused on Wind Energy.
  • 2011: Awarded 7th largest crane company in the world by International Crane Magazine.
  • 2015-18: SML added Rs 815 crore worth of crane fleet in form of growth Capex.
  • 2019: Awarded 6th largest ranking in the world by International Crane Magazine.
  • 2020: Awarded 5th largest ranking in the world by International Crane Magazine.
  • 2021: Awarded 5th largest ranking in the world by International Crane Magazine.
  • 2021: maintained average utilization of 56% despite Covid-19 scenario and significantly reduced its debt by Rs 345 crore in last 3 years.
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