Synopsis:
Sanghvi Movers, Asia’s largest crane rental service provider, targets Rs 1,000 crore revenue by FY26, backed by a Rs 950 crore order book, expansion plans, and robust sectoral demand.
The company, known for being one of India’s largest crane rental service providers, has laid out ambitious growth plans for the coming year. It is targeting a revenue milestone of Rs 1,000 crore in FY26, with expectations of 30% growth, improved margins, and significant capital expenditure plans.
Sanghvi Movers Limited’s stock, with a market capitalisation of Rs. 3,199.85 crores, rose to Rs. 376.95, hitting a high of up to 3.04 percent from its previous closing price of Rs. 365.80. However, the stock over the past year has given a negative return of 9 percent.
Management Guidance
Sanghvi Movers, Asia’s largest crane rental service provider, is aiming to touch Rs 1,000 crore in revenue for FY26, its Managing Director Rishi Sanghvi said. The company expects to achieve this target on the back of a robust order book, which currently stands at Rs 950 crore and is executable within this financial year.
Sanghvi added that the company had earlier guided for 30% revenue growth and is well on track to surpass it. He also expressed confidence that fresh orders in the second half of the year will further strengthen the order pipeline, helping Sanghvi Movers comfortably cross the projected revenue milestone.
Sanghvi Movers expects strong order inflows in the second half of the year, largely from its crane rental business, which generates high EBITDA. The company sees demand for cranes across multiple sectors including steel, cement, nuclear, thermal and renewable power, oil and gas, refineries, metros, railways, and bridges, according to its top executive.
Its subsidiary, Sangreen Future Renewables Ltd., has also strengthened the order pipeline by securing contracts worth Rs 292 crore from Independent Power Producers. The scope of work covers complete wind balance of plant (BOP) execution spanning mechanical, civil, electrical, and logistics supporting IPPs through every stage from project planning to commissioning.
Also read: ₹1,000 Cr Investment: EMS stock in focus after acquiring 50 acre land in Andhra Pradesh
Management Commentary
Sanghvi Movers’ Managing Director stated that the recently won orders carry an Ebitda margin of around 10-12%. He explained that while the target margin is in this range, a large portion of the order value will be executed through inter-company transactions within the firm’s core crane rental business. He also clarified that part of the Rs 292 crore order will spill over into the next fiscal year and is therefore not counted in the current year’s executable order book of Rs 950 crore.
Looking ahead, the company has lined up a capital expenditure of nearly Rs 500 crore for FY26. A major share of this will go into strengthening its domestic operations, while a significant portion is also being allocated toward international expansion, signaling Sanghvi Movers’ broader growth ambitions.
Sanghvi Movers’ MD said the group will incur a capital expenditure of about Rs 490 crore this year, with the majority directed toward its India operations, while around Rs 200 crore is earmarked for expansion in Saudi Arabia.
Q1 Financial Highlight
The company reported revenue of Rs. 273 crore in Q1FY26, up 80% YoY from Rs. 151 crore in Q1FY25 and 2% QoQ from Rs. 267 crore in Q4FY25. Over the past three years, sales have compounded at 33% CAGR, reflecting consistent top-line expansion.
Net profit came in at Rs. 50 crore in Q1FY26, growing 25% YoY from Rs. 40 crore but declining 7% sequentially from Rs. 54 crore. The company has delivered a strong 3-year profit CAGR of 84%, showcasing robust earnings momentum despite minor quarterly fluctuations.
Written By Fazal Ul Vahab C H
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
