NSE: SANGHVIMOV | BSE: 530073

Mid-range Performer

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378.60 23.75 (6.69%)

High vol.+gain this week

NSE 25 May, 2026 3:31 PM (IST)

3,277.8

Market Cap

Above industry Median

Beta 1Year

Very High Volatility

Sanghvi Movers Ltd. share price target and research reports

Name: Latest research reports of Sanghvi Movers Ltd. authored by Karvy and published by - Trendlyne research reports.
Item: Sanghvi Movers Ltd.
Rating: 3
Author: Karvy

Latest analyst research reports with target prices and PDF download for SANGHVIMOV, BSE:530073 Sanghvi Movers Ltd.

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Sanghvi Movers Ltd.

08 Jun 2017

378.60

6.69%

Sanghvi Movers Ltd: Moderate Growth in Topline, Wind Sector ... (Jun 08, 2017)

Hold: Sanghvi Movers Ltd.

Target

Karvy

Sanghvi Movers Ltd (SML) witnessed a moderate YoY growth of 4.2% to Rs.5531 Mn compared to Rs.5308 Mn in FY16, mainly contributed by the wind mill sector (highest contributing sector) witnessing a growth of 21.3%, followed by Steel & Metal sector, however the growth in the sectors like Power, Refinery & Gas and Cement witnessed a drop of -18.1%, -33.0% and -58.3% respectively. The utilization and average yield per month during the year witnessed a drop to 78.0% & 2.8% respectively from 82.0% & 3.0% in FY16.

Sanghvi Movers Ltd. is trading above all available SMAs

Sanghvi Movers Ltd.

15 Feb 2017

378.60

6.69%

Sanghvi Movers Ltd: Flat Growth YTD; Plans to Nearly Double ... (Feb 15, 2017)

Hold: Sanghvi Movers Ltd.

Recommendation Target

Karvy

Flat Growth YTD; Plans to Nearly Double the Capex in FY18EContinue to witness flat growth during 9MFY17 - SML witnessed a growth of 5.6% during 9MFY17 to Rs.3828 Mn compared to Rs.3623 Mn in 9MFY16 on account of the increased capacity utilisation & better gross yield rates during theperiod which stood at 75.0% & 2.7% respectively compared to 9MFY16 at 59.0% & 2.2% respectively. The sectors which witnessed growth during 9MFY17 includeWind sector with highest contribution, grew by 22.3% followed by Power, Steel &Metal sectors growing at 5.6% and 40.9% respectively.

Sanghvi Movers has gained 28.14% in the last 1 Year

Sanghvi Movers Ltd.

13 Feb 2017

378.60

6.69%

Sanghvi Movers (3QFY17): Compelling valuations. Maintain BUY

Buy: Sanghvi Movers Ltd.

Target

HDFC Securities

Sanghvi Movers (SGM) 3QFY17 revenue (Rs 1.3bn, 2% YoY) was ~8% below our estimates, as gross block yield declined to ~2.58% (vs. ~2.77% QoQ). Utilisation of cranes improved to ~80% (vs. ~66% QoQ). While lower freight charges and employee costs led to better-than-expected EBTIDA margins (66.9%, 110bps YoY), higher depreciation and taxes led to a 23% miss in our APAT (Rs 234mn, -8% YoY) estimate.

Sanghvi Movers has gained 28.14% in the last 1 Year

Sanghvi Movers Ltd.

30 Nov 2016

378.60

6.69%

Sanghvi Movers Ltd: Decent Performance During H1FY17; CapEx ... (Nov 30, 2016)

Buy: Sanghvi Movers Ltd.

Karvy

Decent Performance During H1FY17; CapEx on Track for the Year: Flat growth witnessed during H1FY17: On the Half yearly basis, revenueswitnessed a 7.5% YoY growth registering Rs. 2,497 Mn during H1FY17 compared to Rs. 2,322 Mn in H1FY16. EBITDA stood at Rs. 1,532 Mn in H1FY17 compared toRs. 1,514 Mn in H1FY16, with EBITDA margins at 61.4% in H1FY17 a drop of -384bps when compared to 65.2% in H1FY16.

Sanghvi Movers Ltd. high volume past week with price gain of 25.07.

Sanghvi Movers Ltd.

11 Nov 2016

378.60

6.69%

Sanghvi Movers (2QFY17): Opportunity emerges. Maintain BUY

Buy: Sanghvi Movers Ltd.

Target

HDFC Securities

Sanghvi Movers (SGM) 2QFY17 financial performance was impacted by the seasonal spillover of de-hiring of cranes getting pushed to 2QFY17, which resulted in net revenues/EBITDA being ~24/29% below estimates. Crane utilisations fell to ~66% (~79% in 1QFY17) while gross block yields remained stable at ~2.77% (~2.80% in 1QFY17).

Sanghvi Movers has gained 25.07% in the last 1 Week

Sanghvi Movers Ltd.

19 Sep 2016

378.60

6.69%

Sanghvi Movers Ltd: Largest Crane Rental Company Adapting to... (Sep 19, 2016)

Buy: Sanghvi Movers Ltd.

Karvy

Largest Crane Rental Company Adapting to Changing Needsof Wind Mill Sector:SML continues to draw major revenues from wind mill sector - Government'starget to add 4000 MW wind power capacity during FY17E and the momentum going ahead to be favourable for SML. We expect wind power capacity addition towitness a growth of 14.8% during FY16-18E leading to a growth of 12.8% in the SML's revenue. The contribution from other sectors such as Power Plant, Refinery/Petroleum products, Cement, Steel & Metals and others are expected to pick up with moderated capacity additions in the next two years.

Sanghvi Movers has gained 25.07% in the last 1 Week

Sanghvi Movers Ltd.

13 Aug 2016

378.60

6.69%

Sanghvi Movers (1QFY17): Maintaining Faith. Maintain BUY

Buy: Sanghvi Movers Ltd.

Target

HDFC Securities

Sanghvi Movers (SGM) 1QFY17 revenues/EBITDA were ~8.2/11.5% below estimates on account of a seasonal fall in crane utilisation to ~79% (~84% in 4QFY16) and yield to ~2.8% (~3.15% in 4QFY16).

Sanghvi Movers has gained 25.40% in the last 1 Month

Sanghvi Movers Ltd.

09 Feb 2016

378.60

6.69%

Sanghvi Movers (3QFY16): On the cusp. Maintain BUY

Buy: Sanghvi Movers Ltd.

Target

HDFC Securities

Sanghvi Movers (SGM) delivered a strong 3QFY16. Revenues/EBITDA was ~6/13% above our estimates on account of increased crane utilisation rates of ~83% (~80% in 2QFY16) and yields of ~3.06% (~3.05% in 2QFY16). EBIDTA margins expanded ~800bps YoY (-241bps QoQ) to ~66.8% (~424bps above our estimates), driven by lower other expenses and freight costs.

Sanghvi Movers Ltd. is trading above all available SMAs

Sanghvi Movers Ltd.

10 Nov 2015

378.60

6.69%

Sanghvi Movers (2QFY16): Building a war chest. BUY

Buy: Sanghvi Movers Ltd.

HDFC Securities

Sanghvi Movers (SGM) delivered a robust 2QFY16 performance as revenues/EBITDA were ~19/23% above our estimates, on account of increased crane utilisation rates of ~80% (~79% in 1QFY16) and yields of ~3.05% (~2.86% in 1QFY16). EBIDTA margins expanded by ~351bps QoQ to ~69.2% (~218bps above our estimates), driven by lower other expenses and employee costs.

Sanghvi Movers has gained 44.84% in the last 3 Months

Sanghvi Movers Ltd.

04 May 2015

378.60

6.69%

Sanghvi Movers (Visit Note) : Revival on the cards

Sanghvi Movers Ltd.

HDFC Securities

Sanghvi Movers Ltd. (SML) is the largest crane rental company in India, having a fleet size of 382 medium to large sized heavy duty ? hydraulic, telescopic and crawler cranes with capacities ranging from 20 MT to 750 MT.

Sanghvi Movers Ltd. is trading above all available SMAs

Is Sanghvi Movers Ltd. worth buying?

158 Votes:

Buy 84.81%

Sell 8.23%

Hold 6.96%