Sanghvi Movers Limited has informed the Exchange about Presentation and Outcome of Analyst/Investor Meet
SANGHVI MOVERS LIMITED Regd. Office: Survey No. 92, Tathawade, Taluka - Mulshi, Pune, Maharashtra - 411033, INDIA. Tel. E-mail Web CIN No.: L29150PN1989PLC054143
: 020-66744700, 020-27400700 : sanghvi@sanghvicranes.com : www.sanghvicranes.com
REF: SML/SEC/SE/25-26/80
March 23, 2026
To, The Manager, Lis>ng Department BSE Limited Scrip Code: 530073
To, The Manager, Lis>ng Department Na>onal Stock Exchange of India Limited Symbol: SANGHVIMOV
Subject: Outcome of Investor’s/Analyst Mee:ng and Investor Presenta:on
Dear Sir/ Madam,
Pursuant to Regula>ons 30 of the SEBI (Lis>ng Obliga>ons and Disclosure Requirements) Regula>ons, 2015 and in con>nua>on of earlier communica>on vide leZer dated March 17, 2026; this is to inform that the mee>ng of Investor’s/Analyst was held with the Management of the Company as per details given below:
Day and Date
Nature of Interac:on
Interac:on with
Type
Venue
Monday, March 23, 2026
Physical Mee>ng Analysts / Investors Group of Investors
Mumbai
The discussion took place on opera>onal overview of the Company. No unpublished price sensi>ve informa>on was discussed at the mee>ng.
Further in accordance with the mee>ng held today with the Investors / Analysts please find enclosed a copy of Investor Presenta>on which is also available on the Company’s website.
Kindly take the same on record.
Thanking you,
Yours sincerely, For Sanghvi Movers Limited
Vinav Agarwal Company Secretary & Chief Compliance Officer ACS: 40751
Encl: as above
01 | 35
SANGHVI MOVERS
LIMITED
02 | 35
Disclaimer
This presentation and the accompanying slides (the “Presentation”) have been prepared by Sanghvi Movers Limited (the “Company”) solely for information purposes. This Presentation does not constitute an offer, recommendation, or invitation to purchase or subscribe for any securities and shall not form the basis of or be relied on in connection with any contract or binding commitment whatsoever in any jurisdiction.
The Presentation is not intended to serve as investment advice or as the basis for any investment decision by any prospective investor. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable, including information obtained from public sources that has not been independently verified. No representation or warranty, express or implied, is made as to the accuracy, correctness, reliability, completeness, or fairness of the information, conclusions, or opinions expressed herein. The financial information contained in this Presentation is preliminary, unaudited, and subject to revision following completion of the Company’s closing and audit processes. No assurance is given as to the reasonableness or achievability of any projections or as to the bases and assumptions underlying any such projections; recipients must satisfy themselves regarding their reasonableness, achievability, and accuracy.
This Presentation contains certain forward-looking statements concerning Sanghvi Movers Limited’s future business prospects and business profitability, which are subject to numerous risks and uncertainties. Actual results could differ materially from those expressed or implied in such forward-looking statements. The risks and uncertainties relating to these statements include but are not limited to fluctuations in earnings; our ability to manage growth; competition; economic growth in India and internationally; the Company’s ability to implement its strategies and plans; changes in market conditions; and regulatory environment, among others. Such forward-looking statements are not guarantees of future performance and are based on assumptions that may not materialize or may be affected by unanticipated events.
The Company does not undertake any obligation to make any public announcement if any of these forward-looking statements become materially incorrect or to update any forward- looking statements made from time to time by or on behalf of the Company. Any forward-looking statements and projections by third parties included in this Presentation are not adopted by the Company, and the Company accepts no responsibility for such third-party statements and projections. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.
No part of this Presentation may be reproduced, copied, or forwarded to any third party, either in print or in electronic form, without the prior express consent of the Company.
No responsibility or liability is accepted for any loss or damage, however arising, that may result from reliance on this Presentation. All responsibility and liability is expressly disclaimed by the Management, Shareholders, Company, and any of their respective directors, officers, affiliates, employees, advisers, or agents.
The distribution of this document in certain jurisdictions may be restricted by law, and persons into whose possession this Presentation comes should inform themselves about, and observe, any such restrictions. Any failure to comply with these restrictions may constitute a violation of applicable law.
03 | 35
Nation Building: Integrated Heavy-Lift &Infrastructure Services Group
PARENT COMPANY · ESTABLISHED 1989
World's 5th Largest crane rental, engineering and heavy lift solutions provider - spanning renewables, logistics, and international markets.
5th
WORLD'S LARGEST CRANE CO.
36+
YEARS OF LEGACY
4
Standing tall in a highly unorganized market & pushing boundaries to create value for all stakeholders
GROUP COMPANIES
WIND ENERGY
LOGISTICS
GCC EXPANSION
AFRICA
Turnkey conceptualisation to commissioning services for wind farms.
End-to-end logistics solutions for wind energy assets across India.
Growth engine expanding heavy lifting solutions to the GCC region.
Heavy-lift crane services across Botswana and Southern Africa.
04 | 35
NATION BUILDING · MARKET LEADERSHIP
Market Leadership Across India's Infrastructure
RENEWABLE ENERGY WIND
MARKET SHARE
~50–60%
● 17+ GW WTG installed
● ~15,000 wind turbines erected across India
ENERGY GENERATION NUCLEAR
MARKET SHARE
~40-50%
● Reactor components, steam generators, dome erection &
turbine building structural lifts
● Key Projects: Kakrapar, RAPS, KKNPP,
BHAVINI, Kalpakam, Kaiga
KEY CLIENTS
KEY CLIENTS
05 | 35
NATION BUILDING · MARKET LEADERSHIP
Proven Execution Across Refining, Petrochemical, and Power Projects
OIL & CHEMICALS REFINERY AND PETROCHEM
MARKET SHARE
~40–45%
● 75 cranes deployed at RPL Jamnagar - world's largest
refinery - in 18 months
● Column, reactor, exchanger & fired heater erection;
critical-path heavy lifts
ENERGY GENERATION THERMAL POWER
MARKET SHARE
~45–55%
● India added ~230 GW thermal capacity (1989–2025)
● Est. 15–25 million MT total erection scope
supported
KEY CLIENTS
KEY CLIENTS
06 | 35
NATION BUILDING · MARKET LEADERSHIP
Lifting Sectors that Built Modern India and its Future
COMMODITIES STEEL
MARKET SHARE
~25–35%
● India steel grew from 15 MT (1989) → 180+ MT (2025),
world's 2nd largest producer
● Each plant: 20,000–80,000 MT erection scope
BUILDING MATERIALS CEMENT
MARKET SHARE
~50–60%
● India capacity: 55 MTPA (1989) → ~600 MTPA (2025);
each 1 MTPA needs 3,000–8,000 MT cumulative lift
● Rotary kilns (200–400 MT), 185+ m preheater towers,
raw mills & silos with sub-mm alignment
KEY CLIENTS
KEY CLIENTS
07 | 35
NATION BUILDING · MARKET LEADERSHIP
The Cranes behind India's Metro Network, its Biggest Stadium, and Its Strategic Ports
CIVIL & URBAN INFRASTRUCTURE
MARKET SHARE
~20–25%
● Infra Capex Budget FY27 — INR 12.2 Lakh Cr.
Railways, metros, bridges & flyovers across India.
● Roof truss erection — Narendra Modi Stadium,
Ahmedabad, world's largest cricket stadium
MARITIME OFFSHORE & MARINE
MARKET SHARE
~15–20%
● Sagarmala Project — ~₹4 lakh Cr investment opportunity
● Key Project: Seabird Karwar Naval Base - one of SML's
landmark contributions
KEY CLIENTS
KEY CLIENTS
NATION BUILDING · MARKET LEADERSHIP
Navigating Oil, Gas and Marine Infrastructure
08 | 35
MARITIME MANUFACTURING
SHIPBUILDING & OFFSHORE
MARKET SHARE
~25–35%
● India shipbuilding order book: USD 3.6 B (2025); target
USD 30 B by 2030 (Amrit Kaal)
● Shipyard infrastructure erection, pre-outfitting lifts, module shop roof structures, slipway equipment & large ship block turnover
UPSTREAM ENERGY OIL & GAS
MARKET SHARE
~30–40%
● India O&G capex avg. ₹50,000–80,000 Cr/year; heavy lift
= 3–8% of project value
● Critical-path lifts: rig assembly, flare towers,
compressor modules for ONGC, OIL, RIL
KEY CLIENTS
KEY CLIENTS
09 | 35
ENTREPRENEURIAL LEGACY
The Spirit that Forges our Destiny
Prioritizing world-class engineering and building
trust with global partners from day one - before the industry followed.
MR. C.P. SANGHVI'S SUCCESS MANTRAS – THAT GUIDE US EVEN TODAY
01 Aspiration to participate in nation building
02
Introduced radical concept of pay-only-for-usage when the industry was buying cranes
03 Built deep client and OEM relationships; invested in technology ahead of the curve
04 Unlocked post-liberalisation growth by raising capital from public markets
05
Fueled the business by matching demand and supply gaps across cycles
06 Continuously grew the business by reinvesting in people and machinery
CORE PRINCIPLES
Quality First
Reliability
Global Standards
10 | 35
Our founder Mr.CP Sanghvi pioneered the Crane Rental Industry in India
1989
1995
1997
Founding Started with an 8-ton crane & a one-room office;
IPO Took the company to IPO and used the proceeds to purchase India's first Heavy lift 450T crane
Mega Refinery Order Reliance places an unprecedented order for 75 cranes - propelling SML to national prominence and validating Shri Sanghvi's bold vision
Built inhouse logistics
2002
Developed the capability of transporting crawler cranes and ODC cargo inhouse.
2000
Depot Expansion
Between 1998-2000, added four new depots to enhance the operational reach
Aggressive Expansion
By 2004: Executed massive fleet expansion to take the size to 200 cranes; ventured into BHEL and NTPC projects
2004
22 | 35
2005–2016 · THE WIND DECADE
Winning the Wind Transition: A Decade of Growth & Scale
11
NEW DEPOTS ADDED
₹1,700 Cr
FLEET GROSS BLOCK ADDED
1,000 +
EMPLOYEES (WIND FORCE)
₹100 Cr
PAT MILESTONE ACHIEVED
10 GW
KEY POLICY DRIVERS
Accelerated Depreciation (AD)
Generation Based Incentives (GBI)
Allowed companies to offset wind energy investment against taxable income in year one,
₹0.50 per unit of electricity generated — making wind projects bankable for large-
boosting project viability.
scale deployment.
Fleet Evolution Shifted from basic mobile cranes to sophisticated crawler cranes with lattice booms capable of reaching heights over 150 meters (essential for taller wind turbines).
Fastest Growth Award
IMS System Integration
Awarded as fastest growing equipment rental company
ISO Certification
Market Dominance By the end of this period, SML was supplying cranes to nearly every major wind OEM (Suzlon, Vestas, Gamesa) in the country.
2005
2007
2014
2016
12 | 35
STRUCTURAL DISRUPTIONS, STRATEGIC TURNAROUND AND REPOSITIONING
The Perfect Storm: Industry Crisis & Peak Debt
I N D U S T R Y C R I S I S
S A N G H V I ' S C H A L L E N G E
01 Policy Shift
Feed-in Tariffs replaced by reverse auction - triggered industry-wide margin compression
Peak Debt Burden Coincided with India's worst contraction in renewable energy history
13 | 35
4.1
▼ 44%
02 OEM Consolidation
Wind OEMs fell from 14 to 4–5. Suzlon faced severe debt defaults and restructuring
Utilization Collapsed
Crane demand fell alongside wind installations; new projects dried up
03 Bid Surrender
Aggressive bidding rendered thousands of MW unviable - tariffs collapsed below economics
Debt Servicing Stress
Business contraction and high leverage created significant cash- flow pressure
SML invested heavily in fleet CAPEX (2015–2017) anticipating sustained wind growth. The 2017 policy shift hit SML at peak leverage
14 | 35
2019–2020 · A DEFINING MOMENT
Profound Loss & Leadership Transition
The Pioneer of the Industry Passes Away
Mr. C.P. Sanghvi's passing marked the end of an era in India's heavy lifting and crane industry - leaving behind a company he built from scratch, and a legacy that continues to define SML.
Rishi Sanghvi Takes the Helm
Assumed leadership amid a global pandemic — inheriting both a legacy and a crisis, and steering SML through its most challenging period.
COVID-19
Construction & infra halted
INDUSTRY SLOWDOWN Post 2018 IL&FS Crisis
CAPEX DROUGHT
Subdued investment across sectors
Rishi Sanghvi
2020–2024 · THE TURNAROUND
The Resultant Transformation that changed SML
51%
D/E RATIO REDUCTION
10–15%
EBITDA MARGIN GROWTH
₹900 Cr
FLEET REINVESTMENT
15 | 35
FINANCIAL DISCIPLINE
Cash Conservation Built robust framework to stabilize cash flow; responsible capital deployment and liquidation of all non-core assets.
Debt Reduction D/E fell from 0.69 → 0.33; disciplined capital allocation drove a 51% reduction in debt-to-equity ratio.
EBITDA Turnaround Partnered with PwC — drove 10–15% EBITDA margin growth through structured financial discipline.
STRATEGIC FOCUS
Fleet Reinvestment ₹900 Cr invested - gross block grown by 30% over
2020–2024 while maintaining prudent debt levels.
Customer Centricity Shifted to solution-led model - from asset rental to integrated
project partnership for key segments.
Digital Backbone - SAP Enterprise-wide ERP rollout to modernise operations, reporting and
Future Growth Roadmap Engaged Bain & Co. to develop the future strategic roadmap -
resource planning.
setting the stage for Elevate 2030.
CUSTOMER VALUE PROPOSITION
How We Create Value For The Customer
16 | 35
PRODUCT
OPERATIONAL
FINANCIAL
End-to-End Solutions
Strong Technical Expertise
High Operational Efficiency
High standards (QHSE)
Attractive Pricing
Solutions ranging from crane rentals to end-to-end technical services - lifting plan, transportation, R&M, turnkey EPC & heavy lifting contracts.
Global top 5 with India's largest crane fleet — 600+ trained operators and 120+ maintenance experts.
Unmatched speed-to- market powered by a cutting-edge digital platform and deep OEM relationships.
Industry-leading health & safety with advanced monitoring, rigorous training, and international accreditation.
Market-leading, cost- effective end-to-end packages including O&M. Brand-new fleet deployed directly from factory to site
Note: 1: Quality, Health, Safety & Environment
ANCHORED BY STRONG CULTURE & CORPORATE GOVERNANCE
Sanghvi Movers Group
17 | 35
Nation Building: Integrated Heavy-Lift &Infrastructure Services Group
PARENT COMPANY · ESTABLISHED 1989
World's 5th Largest crane rental engineering and heavy lift solutions provider - spanning renewables, logistics, and international markets.
5th
WORLD'S LARGEST CRANE CO.
36+
YEARS OF LEGACY
4
Standing tall in a highly unorganized market & pushing boundaries to create value for all stakeholders
GROUP COMPANIES
WIND ENERGY
LOGISTICS
GCC EXPANSION
AFRICA
Turnkey conceptualisation to commissioning services for wind farms.
End-to-end logistics solutions for wind energy assets across India.
Growth engine expanding heavy lifting solutions to the GCC region.
Heavy-lift crane services across Botswana and Southern Africa.
SUBSIDIARY · RENEWABLES
Why SFRPL? Accelerating India’s Green Revolution
Serving the Nation Through Renewables
18 | 35
17+ GW
2+ GW
CURRENT ORDER BOOK
5 GW
ENQUIRY PIPELINE
100 +
PROJECTS DELIVERED
100 +
CLIENTS SERVED
0 TRIR
2024 & 2025
STRATEGIC RATIONALE
MARKET POSITION & ADVANTAGE
17+ GW Track Record
Strong Customer Pull
Proven, transferable capabilities built over decades of large-scale wind energy project execution across India.
Direct and growing demand signals from existing and new customers seeking a trusted, capable renewables partner.
Renewables White Space
Only Stable, Well-Governed Player
Significant market opportunity post policy change — underpenetrated, fast-growing segment with structural tailwinds.
SML's financial discipline creates a unique market position — generating tremendous demand in a fragmented industry.
Sanghvi Movers Group
19 | 35
Nation Building: Integrated Heavy-Lift &Infrastructure Services Group
PARENT COMPANY · ESTABLISHED 1989
World's 5th Largest crane rental engineering and heavy lift solutions provider - spanning renewables, logistics, and international markets.
5th
WORLD'S LARGEST CRANE CO.
36+
YEARS OF LEGACY
4
Standing tall in highly unorganized market & pushing boundaries to create value for all stakeholders
GROUP COMPANIES
WIND ENERGY
LOGISTICS
GCC EXPANSION
AFRICA
Turnkey conceptualisation to commissioning services for wind farms.
End-to-end logistics solutions for wind energy assets across India.
Growth engine expanding heavy lifting solutions to the GCC region.
Heavy-lift crane services across Botswana and Southern Africa.
SUBSIDIARY · GCC
Why SMME? To evolve from a nation builder to a global builder
From Nation Builder to Global Builder
20 | 35
$1T+
$ 1B+
10-12% CAGR
Giga projects & Global Commitments
Launchpad
Crane Rental Market
Expected Market Growth
Fueling acceleration and creating whitespace
6-Nation Market
Oil & Gas, Infra Key Sector
STRATEGIC RATIONALE
KSA : World’s Construction Backyard
Launchpad to GCC Region
The Kingdom of Saudi Arabia is the fastest-growing construction equipment market globally - a natural first international destination.
Entry into KSA provides a strategic beachhead - opening access to the broader Gulf Cooperation Council and beyond.
Transferring 36 Years of Proven Expertise
Best Return on Asset
36+ years of operational expertise backed by strong OEM relationships, consistent business processes and suitable digital solutions
The whitespace in KSA market, drives optimum fleet utilisation and provides pricing premium.
21 | 35
FINANCIAL OVERVIEW: A CONSISTENT PERFORMANCE BACKED BY NUMBERS
Double Digit Growth across P&L
22 | 35
4x Revenue growth in last 4 years
Revenue
34.3% CAGR (FY21-FY25)
Average 50% EBITDA in Last 5 Years EBITDA & EBITDA Margin
33.7% CAGR (FY21-FY25)
Sustained Profitability since FY22 PAT & PAT Margin
75.5% CAGR (FY22-FY25)
30%
25%
20%
52%
52%
63%
62%
40%
47%
253
372
486
647
740
823
FY21
FY22
FY23
FY24
FY25
9MFY26
116
FY21
175
FY22
287
FY23
409
371
286
FY24
FY25
9MFY26
Total Revenue
EBIDTA
EBIDTA Margin
9%
-10%
-22
29
112
188
157
16%
116
FY21
FY22
FY23
FY24
FY25
9MFY26
PAT
PAT Margin
Segment Mix: From Monoline to Multi-segment
34%
India
FY25
66%
FY21
100%
India + KSA
1%
34%
9M FY26
65%
Crane Rental
Renewables
KSA
Strengthening returns, disciplined leverage, resilient cash generation
From Negative to double digit ROCE
Debt to Equity maintained below 0.5x
Average 250 Cr Cash Profit in last 5 years
23 | 35
-1%
6%
FY21
FY22
16%
FY23
21%
FY24
ROCE (%)
15%
11%
FY25
9MFY26
(Non-Annualised)
0.28
FY21
0.23
FY22
0.19
FY23
0.28
FY24
0.33
0.48
FY25
9MFY26
100
FY21
148
FY22
233
FY23
320
FY24
285
212
FY25
9MFY26
Debt to Equity
Cash Profit (Cr)
Investing In Scale – Fleet Expanding, Utilization Holding Strong
24 | 35
Gross block up 33% since FY21
Growth Capex reaccelerating in FY26
Average Utilization 78% for last 5 years
2,310
2,345
2,520
2,458
2,870
3,067
1
111
162
334
235
361
FY21
FY22
FY23
FY24
FY25
9MFY26
FY21
FY22
FY23
FY24
FY25
9MFY26
56%
FY21
76%
FY22
82%
FY23
84%
FY24
73%
76%
FY25
9MFY26
Gross Block (Cr)
Total Capex (Cr)
Utilization (%)
Strong Opening Order Book with built-in revenue predictability
~50%
Strong Opening Order Book
25| 35
OPENING ORDER BOOK AS % OF FULL-YEAR REVENUE CONSISTENTLY ABOVE 33% — PEAKS AT 52%
Opening Order Revenue
52%
46%
49%
33%
45%
114
253
121
372
236
486
299
647
426
823
FY21
FY22
FY23
FY24
FY25
26 | 35
What is Yield?
YIELD %
Revenue for the Month
Why We Believe We Can Outperform
BALANCE SHEET Disciplined Balance Sheet
27 | 35
Prudent allocation with low leverage, strong asset coverage, and consistent deleveraging capital— positioning
SML for sustainable, cycle-resilient growth.
ORDERBOOK Fleet Expansion Backed by Strong Orderbook
A healthy, multi-year order pipeline anchors confident fleet investment decisions — ensuring capacity meets
demand before it peaks.
VISIBILITY Strong Revenue Visibility at Start of Year
High proportion of annual revenue is secured upfront through long-term contracts and repeat customers,
providing earnings predictability peers cannot match.
RENEWABLES Complementary Asset - Light Renewable Business
SFRPL operates a capital-efficient O&M model in renewables - diversifying income streams with minimal
balance sheet risk while riding India's energy transition.
CUSTOMERS Partnering with Premium Customers
To ensure effective collection and optimizing the working capital.
28 | 35
RISK MANAGEMENT
Anticipating Challenges, Building Sustainable Solutions
RISK
MITIGATION
Margin dilution risk – 3-2% compression
Leverage / Debt – Capex heavy model
Crane Rental - Renewables Transition Risk
• Value differentiation • Composite engineering solutions • Continuous fleet reinvestment
• Asset-light models • Supplier credit of 2–3 years • FD-backed margin structures
• Capital-light • Execution-ready Model • Strong pipeline visibility in renewables
Geographical risk – Deploying assets Internationally
• Phased deployment approach • Assets are mobile - enabling rapid relocation
EPC / Cash Flow Risk
IPP-backed projects with financially closure
• • Funded by PE/ Sovereign fund
29 | 35
2030 Where Sanghvi Movers is going
PURPOSE AND DIRECTION
Igniting a Future Powered by Vision · Mission · Values
OUR VALUES
30 | 35
Delight the world through sustainable and scalable engineering solutions.
Human Dignity
Ethics
Respect for every person at every level
Uncompromising integrity in all dealings
Agility
Adapting fast to market dynamics
Trust
Built over 36 years of delivery
Accelerate infrastructure development by delivering simple, technology-driven and innovative solutions to create maximum value for stakeholders.
Courage
Bold decisions in challenging markets
Ownership
End-to-end accountability
STRATEGIC ROADMAP · ELEVATE 2030
Lays out clear visions for each Business Unit
31 | 35
CORE BUSINESS
RENEWABLES (ASSET LIGHT)
INTERNATIONAL EXPANSION · GCC
THE VISION
THE VISION
THE VISION
Re-accelerating growth through capital- efficient scale-up. To retain leadership position by protecting the core crane rental business focusing on customer obsession, value added products and services and maintaining a healthy EBITDA margin.
• Customer Centricity
• Ring fencing key accounts
• Keeping pulse of the market
Aspire to be complete Renewable platform. To achieve leadership in the wind EPC segment while pivoting to higher order value plays, in wind, hybrid and other renewable energy sectors.
KSA as the launchpad for global aspirations. To build a scalable, high- margin crane rental platform in KSA with a clear pathway to GCC leadership
• Concept to commissioning offering
• Focus on shifting product mix
• Scaling up the operating model
• Upskilling project management &
subcontracting
• Depot expansion to expand reach
• Work at premium projects & clients
ELEVATE 2030 · STRATEGIC FRAMEWORK
Six Core Pillars: Building Competencies for Future
32 | 35
Customer-Centric Approach
Strengthening partnerships through tailored, high-quality service offerings and deeper client relationships.
Product Portfolio Diversification
Continuing to look beyond crane rentals and adding additional products and services to serve adjacent needs.
Global Expansion
Building presence beyond India, with a sharp focus on Saudi Arabia, GCC, and other parts of the world.
Robust Financial Growth
Enhancing capital efficiency, profitability and keeping the risks under check across all business units.
People-First Culture
Fostering a performance-driven culture across all levels by keeping values at the core of every decision.
Scalable Digital Framework
Leveraging technology to unlock operational efficiencies and improve customer experience through data-driven insights.
33 | 35
ELEVATE 2030 · TRANSFORMATION
Shaping the 5 Year Vision
DIMENSION
Business Structure
Single-business in India.
Global Group
Capital Model
Asset-heavy balance sheet dependent
Hybrid Model
Product Portfolio
Cranes only
Additional Products & Services
Leadership & Governance
Promoter-driven
Professional CXO management
Technology & Processes
Must have applications only
Value adding, IT and OT Solutions
Strategy & Direction
Growth is reactive and opportunistic
Elevate is Strategic Roadmap
Financial Aspirations for next 2 years
34 | 35
Revenue
Margin
CapEx
₹1,800 Cr
TARGET REVENUE BY FY28
CAGR - CRANE RENTAL ~25%–30%
Outpacing 14% Industry Growth
₹500–600 Cr
TARGET EBITDA RANGE
CRANE RENTAL MARGIN
50–55% Asset-intensive; benefits from higher utilization at scale
Driver Renewables capex surge + infra buildout across India and global market
Upcoming Surge KSA will start generating returns at 4- 5% monthly yield
RENEWABLES 10-12% Asset-light operations and maintenance model with recurring fee income
~₹500 Cr
PLANNED CAPITAL OUTLAY SUBJECT TO BOD APPROVAL
Fleet Expansion
Addition of high-capacity cranes to address large-lift demand from renewables & infra
Utilization Focus
Capex phased in line with confirmed orderbook to protect return ratios
Return Target Maintain disciplined RoCE as primary investment gate
U T I L I S A T I O N F O C U S
Capex phased in line with confirmed orderbook to
protect return ratios
R E T U R N T A R G E T
Maintain disciplined RoCE as primary investment
gate
35 | 35
THANK