Sanghvi Movers targets FY27 growth matching last year's 37% jump
With a ₹1,053 cr order book and Saudi operations nearing break-even, the company plans ₹590 cr of new capex for FY27.
— 1 earlier story on Sanghvi Movers Ltd. →What's new
- Management projects FY27 revenue growth to mirror FY26's 36.9% rate.
- Crane rental unit targets 30% growth on a ₹1,053 cr order book.
- Saudi business is now monthly profitable; total break-even expected soon.
Why it matters
The company is betting on sustained demand for heavy machinery, but the ₹590 cr capex plan carries supply chain baggage. Whether they convert the ₹4,000 cr pipeline into actual contracts is the real test of this growth narrative.
What we're watching
- Actual progress on the ₹590 cr capex plan amid supply chain constraints.
- Timing of the cumulative break-even for Saudi operations.
- Conversion rate of the ₹4,000 cr enquiry pipeline.
The full read
Sanghvi Movers is maintaining its momentum. After a 36.9% revenue spike to ₹1,070 crore in FY26, management expects an identical growth trajectory for the coming year. Their core crane rental business, which accounts for 65% of total income, is tasked with 30% growth. The backing for these numbers lies in a firm ₹1,053 crore order book and a speculative ₹4,000 crore inquiry pipeline. Meanwhile, the renewable energy EPC business has doubled in revenue, and the Saudi Arabian venture has shifted into monthly profitability. The next hurdle is simple execution. A ₹590 crore capex plan for FY27 is on the table, yet management admits that supply chain delays remain a persistent risk. The company has moved beyond mere recovery, but the jump from monthly operational profit to a clean bottom line in its international segment is the next required milestone.