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Sanghvi Movers Ltd

Q1 FY26Commercial Services & Supplies

Sanghvi Movers Q1 FY26: Revenue ₹767 Cr

Q1 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹479
Market cap₹4.1K Cr
P/E20.0
Updated23 Aug 2026
Read5 min read

The short version

Sanghvi Movers has a strong order book of ₹767 crores as of July 2025, with ₹273 crores revenue in Q1 FY '26, indicating a robust pipeline. The company is optimistic and aligned with India and Saudi Arabia's growth stories, targeting high-growth sectors like hydrocarbons, renewables, cement, metros, railways, thermal power, oil and gas.

From Sanghvi Movers Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Sanghvi Movers has a strong order book of ₹767 crores as of July 2025, with ₹273 crores revenue in Q1 FY '26, indicating a robust pipeline.
  • Management expects to secure additional orders throughout the year, supporting sustained revenue growth.
  • The company is investing ₹321 crores in crane rental business in India and ₹100-150 crores in Saudi Arabia, signifying confidence in incremental revenue growth from both markets.
  • Expansion in Saudi Arabia is targeted to position within the top five crane rental players by 2030, with ongoing deployment of cranes already in place.
  • Renewable business (Sangreen Future Renewables) accounts for 20% of the bottom line, with significant future growth potential.
  • Year-on-year growth in Q1 revenue was 65%, showing momentum in sales volumes and revenues.

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Profitability & Margins

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Capital Expenditure Plans

  • Total CAPEX planned for core crane rental business in India for FY '26 is ₹321 crores (revised from earlier ₹246 crores).
  • In Q1 FY '26, ₹114 crores CAPEX incurred in India, adding 21 cranes directly from port to site.
  • Additional ₹200 crores CAPEX planned for India during the year, adding around 55 cranes.
  • CAPEX of ₹100-150 crores planned for Saudi Arabia to support go-to-market and scale operations; 12 cranes already deployed there.
  • CAPEX funded through a mix of internal accruals (10-30%) and long-term bank debt. Debt-to-equity ratio expected to remain below 0.35.

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Top-ranked in Commercial Services & Supplies

Ranked on what management guided this quarter

Guidance-ranked
1Happy Square
Rev 1Mar 1
Rev 2Mar 1
3
Rev 2Mar 3
4
Rev 2Mar 3
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

  • As of July 20, 2025, Sanghvi Movers Limited reported an order book of ₹767 crores.
  • Out of this, ₹273 crores were billed (revenue recognized) in Q1 FY 2025-26.
  • Approximately ₹500 crores of the order book is pending execution over the remaining three quarters of the financial year.
  • The company is confident of securing additional orders beyond this current order book within the financial year.
  • The order book includes a mix of traditional crane rental business and new EPC business, though exact splits are not disclosed.

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Sanghvi Movers Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹351 Cr, net profit ₹69 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Sanghvi Movers Ltd Q1 FY26 results?

Sanghvi Movers has a strong order book of ₹767 crores as of July 2025, with ₹273 crores revenue in Q1 FY '26, indicating a robust pipeline. The company is optimistic and aligned with India and Saudi Arabia's growth stories, targeting high-growth sectors like hydrocarbons, renewables, cement, metros, railways, thermal power, oil and gas.

What is Sanghvi Movers Ltd share price analysis?

Sanghvi Movers Ltd currently shows a neutral. The stock trades at a P/E of 20.0 with a market cap of ₹4,105 Cr. Investors should review the full earnings analysis for detailed insights.

Is Sanghvi Movers Ltd planning capital expenditure?

Total CAPEX planned for core crane rental business in India for FY '26 is ₹321 crores (revised from earlier ₹246 crores). - In Q1 FY '26, ₹114 crores CAPEX incurred in India, adding 21 cranes directly from port to site. - Additional ₹200 crores CAPEX planned for India during the year, adding around 55 cranes. - CAPEX of ₹100-150 crores planned for Saudi Arabia to support go-to-market and scale operations; 12 cranes already deployed there. - CAPEX funded through a mix of internal accruals (10-30%) and long-term bank debt.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.