Sanghvi Movers Ltd
Sanghvi Movers Ltd (SANGHVIMOV)

Sanghvi Movers Ltd (SANGHVIMOV)

₹223.850.54%

Key Stats

₹219.95
Day's Price Range
₹238
₹169
52-Week Price Range
₹280
1 Month Return-10.84 %
3 Month Return3.09 %
1 Year Return19.7 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 124
20.99
EPS
Rank 109
₹10.72
BVPS
Rank 77
₹169.55
Dividend Yield
Rank 134
ROE
Rank 289
3.5%
Price To Book Ratio
Rank 77
1.32
Debt To Asset
Rank 297

Company Information

Sanghvi Movers Ltd a flagship company of the Sanghvi Group is one of the largest cranes hiring company in India third largest in Asia and ranked tenth largest in the world. The companys main business is operation of cranes. They are engaged in the business of providing hydraulic and crawler cranes to various industries in the infrastructure areas with a fleet of 300 mediumto largesize hydraulic trucks mounted telescopic and lattice boom cranes and crawler cranes with lifting capacity ranging from 20 tons to 800 tons. The companys service network includes various depots located at Pune Vadgaon Chakan Nagpur Jamnagar Bharuch Delhi Cuttack Bangalore Chennai and others. The sectors serviced by the company include wind power steel power refinery cement metals construction and paper. The company also has operations in power generation wind mills of 5.05 megawatts installed in states of Rajasthan and Karnataka.Sanghvi Movers Ltd was incorporated in the year 1989 and converted into a public limited in the year 1994. The company was promoted by C P Sanghvi and A P Sanghvi. In the year 1995 the company came out with a public issue at a premium of Rs 75 to part finance the acquisition of equipment and assets to expand its activities.During the year 199798 the company imported 28 cranes worth Rs 26 crore from Singapore for meeting the requirements of Reliance Petroleum Ltd for their Refinery at Jamnagar and Oil Natural Gas Corporation Ltd for their Oil Field Project. In March 1998 the company took over the entire Cranes Division of a group company namely Maharashtra Erectors Ltd along with all their assets and liabilities on the going concern basis.During the year 19992000 the company completed the erection jobs for refinery at Reliance Petroleum Ltd Jamnagar. During the year 200001 the company set up depot/ workshop at Baruch and Chennai for reducing mobilization cost and ensures timely deployment of cranes in these regions.During the year 200304 the company diversified their business activities and ventured in the Business of Power Generation by commissioning 5.05 MW Wind Mills of Rs 21.90 crore in Jaisalmer Rajasthan and Chitradurga Karnataka. Power Generation from Wind Mills commenced on September 30 2003. The company purchased additional cranes of Rs 21.61 crore as expansion programme. The company completed expansion in cranes of Rs 81 crore during the year 200405 Rs 170 crore during the year 200506 and Rs 180 crore during the year 200607. During the year 200708 the company imported 34 Nos cranes and some attachments aggregating Rs 22048.43 lakh. Also they purchases two lands at Jamnagar and Gadag Karnataka for depot purposes.The company has planned expansion in cranes of approximately Rs 250 crore for the year 200809. Also they plan to establish their depots in Dhule Satara Gadag and Coimbatore.
OrganisationSanghvi Movers Ltd
HeadquartersPune
IndustryCapital Goods-Non Electrical Equipment