SANGHVIMOV2026-06-28
Sanghvi Movers Ltd — Deep Dive Analysis
Deep-dive on Sanghvi Movers — Asia's largest crane rental company (5th globally, 485+ cranes). Record revenue ₹1,070 Cr but OPM collapsed 69%→37%. KSA expansion working (90% utilization), ₹1,053 Cr order book. Verdict: CAUTION — fairly valued, margin dilution risk.