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Last Updated on: 23 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Sanghvi Movers Ltd

Basic Stock Data

Last Updated: June 16, 2024, 10:26 pm

Market Cap 4,733 Cr.
Current Price 1,093
High / Low1,495/444
Stock P/E25.2
Book Value 234
Dividend Yield0.37 %
ROCE23.8 %
ROE20.3 %
Face Value 2.00
PEG Ratio0.22

Competitors of Sanghvi Movers Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Concord Control Systems Ltd 423 Cr. 7071,000/24933.0 77.20.00 %72.8 %60.3 % 10.0
Chandni Machines Ltd 15.2 Cr. 47.266.3/10.28.81 27.30.00 %28.9 %21.8 % 10.0
TRF Ltd 644 Cr. 585670/16416.3 35.50.00 %14.7 %% 10.0
Bharat Dynamics Ltd 58,020 Cr. 1,5831,663/45094.7 99.20.30 %24.2 %17.9 % 5.00
Praj Industries Ltd 12,870 Cr. 700712/36645.4 69.30.64 %30.2 %24.1 % 2.00
Industry Average15,055.48 Cr1,253.3454.39195.170.22%20.41%16.57%5.58

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales8176717910997109122127146140167165
Expenses41453544744952475058545273
Operating Profit403136363648577577888611592
OPM %49%41%51%45%33%49%52%61%60%60%62%69%56%
Other Income8068224156565611
Interest5445434455776
Depreciation32303029292931313133343233
Profit before tax12-3810251938464656508264
Tax %35%25%44%11%25%25%23%25%26%26%26%25%26%
Net Profit8-359191429353442376148
EPS in Rs1.80-0.581.052.044.303.356.688.037.849.648.5914.1611.03

Last Updated: June 10, 2024, 5:47 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 26, 2024, 7:15 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales339244308531553228282323224335456619
Expenses107108130176187145193166137197199238
Operating Profit232136178355366848915787138257381
OPM %68%56%58%67%66%37%32%49%39%41%56%62%
Other Income857-1102013329373028
Interest634643556555484126171725
Depreciation118119120126150137141140122118121132
Profit before tax58-2323172162-88-86-21-3240149252
Tax %30%37%65%38%32%35%33%69%30%25%25%26%
Net Profit41-148107109-57-58-7-2229112188
EPS in Rs9.46-3.351.8624.7125.22-13.28-13.41-1.52-5.186.8025.8843.42
Dividend Payout %11%0%27%12%16%0%0%0%0%15%15%14%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-134.15%157.14%1237.50%1.87%-152.29%-1.75%87.93%-214.29%231.82%286.21%67.86%
Change in YoY Net Profit Growth (%)0.00%291.29%1080.36%-1235.63%-154.16%150.54%89.69%-302.22%446.10%54.39%-218.35%

Growth

Compounded Sales Growth
10 Years:3%
5 Years:15%
3 Years:12%
TTM:32%
Compounded Profit Growth
10 Years:10%
5 Years:27%
3 Years:129%
TTM:80%
Stock Price CAGR
10 Years:32%
5 Years:57%
3 Years:123%
1 Year:240%
Return on Equity
10 Years:2%
5 Years:0%
3 Years:4%
Last Year:12%

Last Updated: April 13, 2024, 9:51 am

Balance Sheet

Last Updated: June 1, 2024, 10:38 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital999999999999
Reserves6556406467478537807257187007258331,003
Borrowings592465334602538539445312197167183292
Other Liabilities1211031121391441176654526496120
Total Liabilities1,3761,2171,1001,4961,5431,4451,2441,0929589641,1211,424
Fixed Assets1,0901,0058911,2511,2911,2541,1089618337698581,015
CWIP00185040000715
Investments00781500012303671
Other Assets285212185233237188136131113165220324
Total Assets1,3761,2171,1001,4961,5431,4451,2441,0929589641,1211,424

Reserves and Borrowings Chart

Sanghvi Movers Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 217202208208258311126128163119130257
Cash from Investing Activity -188-0-18-34-487-189-4419921-76-237
Cash from Financing Activity -28-189-204-151205-123-82-145-174-141-48-15
Net Cash Flow112-1423-24-102-1-265

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-360.00-329.00-156.00-247.00-172.00-455.00-356.00-155.00-110.00-29.0074.0089.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days1662412221461071092159570928679
Inventory Days
Days Payable
Cash Conversion Cycle1662412221461071092159570928679
Working Capital Days-12211-7063104272-16-278910087
ROCE %17%9%2%6%20%16%-4%-4%1%-2%6%15%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters47.25%47.25%47.25%47.25%47.25%47.25%47.25%47.25%47.25%47.25%47.25%47.25%
FIIs0.05%0.07%0.10%0.30%0.28%1.03%1.35%1.47%1.64%1.99%2.12%2.49%
DIIs1.07%1.28%1.23%1.20%1.08%1.58%2.06%1.68%1.73%1.77%1.62%2.59%
Public51.63%51.40%51.42%51.25%51.39%50.14%49.36%49.61%49.39%49.00%49.01%47.67%
No. of Shareholders18,42019,36021,27926,50827,14527,32425,28627,05331,71539,44244,90249,310

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Mahindra Manulife Equity Savings Fund35,0000.672.8635,0002024-06-130%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22
FaceValue2.002.00
Basic EPS (Rs.)25.896.79
Diluted EPS (Rs.)25.896.79
Cash EPS (Rs.)53.8534.08
Book Value[Excl.RevalReserv]/Share (Rs.)194.45169.55
Book Value[Incl.RevalReserv]/Share (Rs.)194.45169.55
Revenue From Operations / Share (Rs.)105.2977.45
PBDIT / Share (Rs.)66.2140.40
PBIT / Share (Rs.)38.2513.12
PBT / Share (Rs.)34.409.12
Net Profit / Share (Rs.)25.896.79
NP After MI And SOA / Share (Rs.)25.896.79
PBDIT Margin (%)62.8852.16
PBIT Margin (%)36.3216.93
PBT Margin (%)32.6711.77
Net Profit Margin (%)24.588.77
NP After MI And SOA Margin (%)24.588.77
Return on Networth / Equity (%)13.314.00
Return on Capital Employeed (%)16.856.51
Return On Assets (%)9.993.04
Long Term Debt / Equity (X)0.110.16
Total Debt / Equity (X)0.210.22
Asset Turnover Ratio (%)0.430.00
Current Ratio (X)1.551.91
Quick Ratio (X)1.521.86
Dividend Payout Ratio (NP) (%)3.860.00
Dividend Payout Ratio (CP) (%)1.850.00
Earning Retention Ratio (%)96.140.00
Cash Earning Retention Ratio (%)98.150.00
Interest Coverage Ratio (X)17.2110.10
Interest Coverage Ratio (Post Tax) (X)7.732.70
Enterprise Value (Cr.)1675.35955.34
EV / Net Operating Revenue (X)3.682.85
EV / EBITDA (X)5.845.46
MarketCap / Net Operating Revenue (X)3.322.38
Retention Ratios (%)96.130.00
Price / BV (X)1.801.09
Price / Net Operating Revenue (X)3.322.38
EarningsYield0.070.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 1,201.48

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 9.92% compared to the current price 1093

Intrinsic Value: 2,583.18

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 136.34% compared to the current price ₹1093

Last 5 Year EPS CAGR: 115.00%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of 19.92, which is a positive sign.
  2. The company has higher reserves (752.08 cr) compared to borrowings (388.83 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (370.17 cr) and profit (50.50 cr) over the years.
  1. The stock has a low average ROCE of 6.83%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 135.67, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Sanghvi Movers Ltd:
    1. Net Profit Margin: 24.58%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 16.85% (Industry Average ROCE: %)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 13.31% (Industry Average ROE: %)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 7.73
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.52
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. ✗ Stock P/E: 25.2 (Industry average Stock P/E: )
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.21
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company

Sanghvi Movers Ltd. is a Public Limited Listed company incorporated on 03/11/1989 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L29150PN1989PLC054143 and registration number is 054143. Currently Company is involved in the business activities of Renting and leasing of other machinery, equipment and tangible goods. Company’s Total Operating Revenue is Rs. 335.26 Cr. and Equity Capital is Rs. 8.66 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Auto - Construction VehiclesSurvey No. 92, Pune Maharashtra 411033cs@sanghvicranes.com
http://www.sanghvicranes.com
Management
NamePosition Held
Mr. Rishi C SanghviManaging Director
Mr. Sham KajaleJoint Managing Director & CFO
Mrs. Maithili R SanghviNon Exe.Non Ind.Director
Mrs. Madhu DubhashiIndependent Director
Mr. Dara DamaniaIndependent Director
Mr. S PadmanabhanIndependent Director
Mr. Pradeep RathiIndependent Director
Mr. Dinesh MunotIndependent Director
Mr. Madhukar KotwalIndependent Director

FAQ

What is the latest fair value of Sanghvi Movers Ltd?

The latest fair value of Sanghvi Movers Ltd is ₹1201.48.

What is the Market Cap of Sanghvi Movers Ltd?

The Market Cap of Sanghvi Movers Ltd is 4,733 Cr..

What is the current Stock Price of Sanghvi Movers Ltd as on 23 June 2024?

The current stock price of Sanghvi Movers Ltd as on 23 June 2024 is ₹1,093.

What is the High / Low of Sanghvi Movers Ltd stocks in FY 2024?

In FY 2024, the High / Low of Sanghvi Movers Ltd stocks is 1,495/444.

What is the Stock P/E of Sanghvi Movers Ltd?

The Stock P/E of Sanghvi Movers Ltd is 25.2.

What is the Book Value of Sanghvi Movers Ltd?

The Book Value of Sanghvi Movers Ltd is 234.

What is the Dividend Yield of Sanghvi Movers Ltd?

The Dividend Yield of Sanghvi Movers Ltd is 0.37 %.

What is the ROCE of Sanghvi Movers Ltd?

The ROCE of Sanghvi Movers Ltd is 23.8 %.

What is the ROE of Sanghvi Movers Ltd?

The ROE of Sanghvi Movers Ltd is 20.3 %.

What is the Face Value of Sanghvi Movers Ltd?

The Face Value of Sanghvi Movers Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Sanghvi Movers Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE