1. At a Glance
India’s largest crane rental company with 346 cranes and a niche moat in heavy-duty lifting. Record profits in FY25, rebounding from FY24’s accounting hiccups. But the stock’s been halved in a year. Opportunity or operator exit?
2. Introduction with Hook
Imagine a company that doesn’t build roads or bridges—but without it, nothing gets built. That’s Sanghvi Movers Ltd. Like the roadie who sets the stage before the rockstar performs, Sanghvi rents out its mammoth fleet of 20–1000 MT cranes to infra giants like L&T, NTPC, and Tata Projects.
- Asia’s largest crane rental player
- FY25 Net Profit: ₹157 Cr (Up 40% YoY)
- Stock price down 50% from 52-week high of ₹604
The heavy lifting is real—both operationally and financially.
3. Business Model (WTF Do They Even Do?)
Sanghvi Movers operates on a B2B rental model—cranes rented to power, steel, wind energy, and infra projects across India.
Key Revenue Streams:
- Crane Rentals: 100% of revenue (FY25)
- Geography: India-wide presence with 13 operational depots
- Fleet: 346 cranes, 20 MT to 1000 MT
