VALUE PICK MAY ’17: SANGHVI MOVERS LIMITED
Company Background –
History –
Sanghvi Movers Limited was incorporated as a Private Limited Company under the Companies Act, 1956, on 3rd November 1989 and subsequently converted into a public limited company on 2nd November 1994 by passing a special resolution in the extraordinary general meeting held on 1st October 1994.
Business –
Sanghvi Movers Ltd, a flagship company of the Sanghvi Group, is one of the largest cranes hiring company in India, third largest in Asia and ranked tenth largest in the world. The company’s main business is an operation of cranes.
They are engaged in the business of providing hydraulic and crawler cranes to various industries in the infrastructure areas with a fleet of 300 medium-to-large-size hydraulic trucks mounted telescopic and lattice boom cranes and crawler cranes with lifting capacity ranging from 20 tons to 800 tons.
Company’s Network –
The company’s service network includes various depots located at Pune, Vadgaon, Chakan, Nagpur, Jamnagar, Bharuch, Delhi, Cuttack, Bangalore, Chennai, and others.
Business Area –
The sectors serviced by the company include wind power, steel, power, refinery, cement, metals, construction, and paper. The company also has operations in power generation windmills of 5.05 megawatts installed in states of Rajasthan and Karnataka.
Listed On –
The company’s shares are listed for trading on National Stock Exchange (NSE) & Bombay Stock Exchange (BSE) in India.
Stock Information –
Share Holding Pattern –
Financials –
Conclusion –
Considering the sector outlook and techno-funda analysis; Sanghavi Movers Limited looks reasonably valued at Rs 256. FinBlab recommends investing in a stock keeping a long-term view in mind.
Here is a snapshot of the previous value pick. Click here to see full analysis.
Next Value Pick on 5 June 2017
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