Sanghvi Movers Limited has informed the Exchange about Investor Presentation
SANGHVI MOVERS LIMITED Regd. Office : Survey No. 92, Tathawade, Taluka - Mulshi, Pune, Maharashtra - 411033, INDIA Tel. : 020-66744700, 020-27400700 E-mail : sanghvi@sanghvicranes.com Web. : www.sanghvicranes .com CIN No. : L29150PN 1989PLC054 143
SANGHVI
REF: SML/SEC/SE/24-25/80
Date: 13 February 2025
sv onJine filing
BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400001 Kind Attn.: Ms. Pooja Sanghvi - Relationship Manager Ref: Code No. 530073
National Stock Exchange of India Limited, Exchange Plaza, Bandra Kurla Complex, Bandra East, Mumbai - 400051 Kind Attn.: Mr, K, Hari - Asst. Vice President Symbol: SANGHVIMOV
Sub.:
Investor Presentation
Dear Sir/Madam,
Pursuant to the requirements of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith Investor Presentation for the period ended on 31 December 2024.
You are requested to take the same on your records and further place t he same on your website for t he information of shareholders, investors, analysts and public at large.
The Investor Presentation is also available on the Company's website i.e. www.sanghvicranes.com .
Thanks & Regards,
For Sanghvi Movers Limited
R.ajesh P. Likhite Company Secretary & Chief compliance Officer
Encl.: As above
Investor Presentation For Nine Months Period Ended 31st December 2024
SAN ·GHVI MOVERS LIIIMl'TED
1 : Consolidated Financial Performance
Investor Presentation For Q3 FY2025
Consolidated Financial Performance for 9 months Period Ended 31st Dec 2024
Rs. 549 Crores
Rs. 103 Crores
72%
2.05%
Total Turnover
PAT
Avg. Capacity Utilization
Avg. Blended Yield per month
Investor Presentation For Q3 FY2025
3
Consolidated Financial Performance for 9 months Period Ended 31st Dec 2024
Rs. 325 Crores Net Debt
Rs.1088 Crores Net worth
0.30:1 Debt Equity ratio
8.95% p.a. Avg. Cost of Borrowing
Investor Presentation For Q3 FY2025
4
SML
SFRPL
SLPL
Elimination
Total
Sr Particulars
SML
SFRPL
SLPL
Elimination
Total
Rs. In Crores
Consolidated Financial Performance
Sr Particulars
1 Income From Operations
a) Crane Income
b) Project EPC
c) Wind EPC
d) Crane Income (Inter Company)
e) Total Income From Operations 2 Other Income
i) Profit on Sale of 23 Nos. Cranes
ii) Profit on Sale of Depot Land
iii) Interest on FD / Gain from MF
iv) Other Misc. Income
2a sub-total
Inter Company Income
v) Rental
vi) Interest on ICD
vii) Others
viii) Common Cost Allocation
2b sub-total
Other Income - Total
3
TOTAL INCOME
344.65
25.73
15.04
47.15
18.95
-
-
-
70.75
11.38
-
-
425.79
96.48
11.38
-
-
-
370.38
15.04
129.28
EXPENDITURE
p) Operating Expenses
q)
(% of Income from Operations)
r) Repairs & Maintenance Expenses
-18.95
-18.95
-
s)
(% of Income from Operations)
514.70
t) Personnel Cost
10.79
11.70
11.39
0.27
34.15
0.06
0.32
1.30
1.00
2.68
36.83
462.62
-
-
0.09
-
0.09
-
-
-
-
-
0.09
96.57
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-0.06
-0.32
-1.30
-1.00
-2.68
-2.68
11.38
-21.63
10.79
11.70
11.48
0.27
34.24
-
-
-
-
-
u) Admin & Other Expenses
v) Bad Debts/PDD
x)
Inter-Company other Charges
4 TOTAL EXPENDITURE
(% of Income from Operations)
5 EBIDTA
EBIDTA - %
6 Interest
7 Depreciation
8 Profit Before Tax
9 Tax expense (Current tax + DTL)
34.24
548.94
10 PROFIT AFTER TAX
11 % of PAT to Total Income
12 TOTAL CASH ACCRUALS
134.08
31%
10.24
3%
30.52
44.60
4.20
223.64
53%
238.98
52%
18.41
97.19
123.38
35.01
88.37
19%
185.56
w) Inter-Company Crane Charges
-
-
0%
-
0%
-18.95
-2.36
-21.31
-0.32
55.40
57%
-
0%
1.90
1.02
-
18.95
2.08
79.35
82%
17.22
18%
0.34
0.01
16.87
3.89
12.98
13%
12.99
9.17
81%
-
0%
0.09
0.03
-
0.28
9.57
84%
1.81
16%
-
-
1.81
0.47
1.34
12%
1.34
198.65
39%
10.24
2%
32.51
45.65
4.20
-
-
291.25
57%
257.69
47%
18.43
97.20
142.06
39.37
102.69
19%
199.89
5
Investor Presentation For Q3 FY2025
Consolidated Financial Performance Q-o-Q
Sr Particulars
YTD Dec-24
Q3 FY25
Q2 FY25
Q1 FY25
FY 23-24
Rs. in Crores YTD Dec-23
a)
Income from Operations
b) Other Income
c) Total Income (a) + (b)
d) Operating Expenses
e)
(% of Income from Operations)
f) Repairs & Maintenance Expenses
g)
(% of Income from Operations)
h) Personnel Cost
i) Admin & Other Expenses
j) Bad Debts/PDD
k) Total Expenditure
l) PBIDIT c) – d)
m) % of PBIDT to Total Income
n)
Interest
o) Depreciation
p) Profit Before Tax
q) Tax expense (Current tax + DTL)
r) Profit After Tax
s) % of PAT to Total Income
t) Total Cash Accruals
514.70
34.24
548.94
196.88
38%
12.01
2%
32.51
45.65
4.20
291.25
257.69
47%
18.43
97.20
142.06
39.37
102.69
19%
199.89
207.96
6.27
214.23
98.89
48%
4.20
2%
11.36
16.47
1.08
132.00
82.23
38%
6.20
31.19
44.84
11.77
33.07
15%
64.26
156.13
8.02
164.15
50.31
32%
4.00
3%
10.60
16.22
1.84
82.97
81.18
49%
6.17
33.47
41.54
12.51
29.03
18%
62.50
150.61
19.95
170.56
47.67
32%
3.81
3%
10.55
12.96
1.28
76.27
94.29
55%
6.06
32.54
55.69
15.09
40.60
24%
73.14
618.53
28.17
646.70
143.14
23%
15.25
2%
40.89
36.57
1.67
237.52
409.18
63%
24.95
131.84
252.39
64.46
187.93
29%
319.77
453.08
16.74
469.82
99.68
22%
11.36
2%
25.67
27.21
0.23
164.15
305.67
65%
18.99
98.66
188.02
47.83
140.19
30%
238.85
Investor Presentation For Q3 FY2025
6
Consolidated Financial Performance for Q3 FY25
Sr Particulars 1 a) Crane Income
Income From Operations
b) Project EPC
Total Income From Operations
e) 2 Other Income i)
Profit on Sale of 5 Nos. Cranes
iii)
Interest on FD / Gain from MF
iv) Other Misc. Income
2a sub-total
3
TOTAL INCOME EXPENDITURE p) Operating Expenses q) (% of Income from Operations) r) Repairs & Maintenance Expenses s) (% of Income from Operations) Personnel Cost t) u) Admin & Other Expenses v) Bad Debts/PDD
4
TOTAL EXPENDITURE
(% of Income from Operations)
5
6
EBIDTA
EBIDTA - %
Interest
7 Depreciation
8
9
PROFIT BEFOR TAX
Tax expense (Current tax + DTL)
10 PROFIT AFTER TAX
11 % of PAT to Total Income
12
TOTAL CASH ACCRUALS
SML
SFRPL
SLPL
Total
Rs. In Crores
107.45
11.60
119.05
2.58
3.44
2.59
8.61
127.66
34.97 29% 4.20 4% 9.44 14.79 1.08
64.48
54%
63.18
49%
6.19
31.18
25.81
7.40
18.41
14%
49.59
96.48
-
96.48
-
0.08
0.08
96.56
74.35 77%
-
0% 1.90 3.10 -
79.35
82%
17.21
18%
0.03
0.01
17.17
3.89
13.28
14%
13.29
11.38
-
11.38
-
-
-
11.38
9.17 81%
-
0% 0.09 0.29 -
9.55
84%
1.83
16%
0.00
-
1.82
0.46
1.36
12%
1.36
215.31
11.60
226.91
2.58
3.44
2.67
8.69
235.60
118.49 52% 4.20 2% 11.43 18.18 1.08
153.38
68%
82.22
35%
6.22
31.19
44.80
11.75
33.05
14%
64.25
Investor Presentation For Q3 FY2025
7
Segmental Reporting
Particulars Crane Business (A)
Total Income
Other Income
Revenue from Crane Expenses
EBITDA
EBITDA %
Wind EPC (B)
Revenue
Expenses EBITDA EBITDA % Project EPC (C ) Revenue Expenses EBITDA EBITDA %
Consolidated P and L (A+B+C)
Revenue from (Crane + EPC )
Expenses
EBITDA
EBITDA %
Q1
Q2
Q3
Total
Rs. In Crores
149.80
19.95
129.85 59.93
89.87
60%
19.68
16.24 3.43 17%
1.08 0.10 0.98 91%
Q1
170.56
76.27
94.28
55%
134.32
8.02
126.30 58.00
76.31
57%
27.48
22.20 5.28 19%
2.35 2.77 -0.42 -18%
Q2
164.15
82.98
81.17
49%
120.48
6.27
114.21 61.00
59.48
49%
82.14
64.20 17.94 22%
11.61 6.81 4.80 41%
Q3
214.23
132.00
82.23
38%
404.59
34.24
370.35 178.93
225.66
56%
129.30
102.64 26.66 21%
15.04 9.68 5.37 36%
Total
548.93
291.25
257.68
47%
Investor Presentation For Q3 FY2025
8
Consolidated Financial Performance for 9 months Period Ended 31st Dec 2024
Revenue from operations- Breakup
Rs. In Crores
EBITDA Breakup (Excluding Other income)
Rs. In Crores
130
370
15
192
27
5
Crane Rentals Wind EPC
Project EPC
Total Revenue:515 Crores
Total EBITDA:224 Crores
Crane Rentals Wind EPC
Project EPC
Break Up of Other Income
Sr. Particulars 1 Profit on Sale of 23 Nos. Cranes sold during the period 2 Profit on Sale of Depot Land at Chennai & 3 Nos. Flats at Chennai 3 Others – Interest on FD / Gain from MF Investment 4 Other Misc. Income
Total Other Income
Investor Presentation For Q3 FY2025
Rs. in Crores 10.79 11.70 11.48 0.26
34.24
9
Consolidated Financial Performance for Q3 FY25
Revenue from operations- Breakup
Rs. In Crores
EBITDA Breakup (Excluding Other income)
Rs. In Crores
96
119
11
17
2
63
SML
SFRPL
SLPL
Total Income:227 Crores
Total EBITDA:82 Crores
SML
SFRPL
SLPL
Investor Presentation For Q3 FY2025
10
Capex for 9 months Period Ended 31st Dec 2024
YTD Dec-24 : Rs. 115 Crores Q1 FY24-25: Rs.81 Cr | Q2 FY24-25: Rs. 9 Cr | Q3 FY24-25: Rs. 25 Cr
Rs.89 Crores 25 Cranes
Rs. 19 Crores Components & Attachments
Rs. 7 Crores Other Fixed Assets
• Estimated Capex for Q4 FY24-25:
~Rs. 150 Crores
• Proposed to purchase additional 34 cranes of various capacities ranging from 110 ton to 800 ton during Q4 FY25, which are backed by firm long-term orders from various clients
Investor Presentation For Q3 FY2025
11
Sector wise revenue for 9 months Period Ended 31st Dec 2024
60%
50%
40%
30%
20%
10%
0%
49%
44%
YTD Dec-24
YTD Dec-23
9%
7%
8%
8%
9%
7%
9%
9%
4%
2%
4%
2%
17%
12%
Windmill
Power
Refinery & Gas
Steel & Metal
Cement
Wind EPC
Project EPC
Other Sectors
Investor Presentation For Q3 FY2025
12
Summarised Profitability Statement
600
500
400
300
200
100
0
56%
49%
214
38%
132
164
171
82
83
81
95
76
549
291
47%
258
470
65%
306
164
Q3 FY25
Q2 FY25
Q1 FY25
YTD Dec-24
YTD Dec-23
Income
Expenditure
PBDIT
PBDIT %
Investor Presentation For Q3 FY2025
Rs. In Crores
80%
70%
60%
50%
40%
30%
20%
13
Net Profit & Cash Profit
Q3 FY25 vs Q2 FY25 vs Q1 FY25
YTD Dec-24 vs YTD Dec-23
80
70
60
50
40
30
20
10
0
64
63
33
29
Rs. In Crores
73
41
Q3 FY25
Q2 FY25
Q1 FY25
Net Profit
Cash Profit
Rs. In Crores
239
140
300
250
200
150
100
50
0
200
103
YTD Dec-24
YTD Dec-23
Net Profit
Cash Profit
Investor Presentation For Q3 FY2025
14
Operational Parameters
Average Blended Yield - per month
2.15%
2.04%
2.05%
2.19%
1.97%
2.8%
2.6%
2.4%
2.2%
2.0%
1.8%
1.6%
1.4%
1.2%
1.0%
Average Capacity Utilisation
84%
77%
72%
70%
68%
90%
85%
80%
75%
70%
65%
60%
55%
50%
Q3 FY 25
Q2 FY 25
Q1 FY 25
YTD Dec-24
YTD Dec-23
Q3 FY 25
Q2 FY 25
Q1 FY 25
YTD Dec-24
YTD Dec-23
Investor Presentation For Q3 FY2025
15
Borrowings & Debt Equity Ratio
Borrowings
Rs. in Crores
325
287
293
330
320
310
300
290
280
270
260
Debt Equity Ratio
0.30
0.29
0.30
0.31
0.29
0.27
0.25
0.23
0.21
0.19
0.17
0.15
31.12.2024
31.03.2024
31.12.2023
31.12.2024
31.03.2024
31.12.2023
Sr. Particulars
31.12.2024 31.03.2024 31.12.2023
Rs. in Crores
1 Term Loans from various Banks
365.07
301.08
329.00
2 Working Capital Loan - Cash Credit Limit
-
-
-
Total Borrowings
365.07
301.08
329.00
3
Fixed Deposits kept with banks towards Margin Money for Outstanding LCs
40.32
14.13
36.00
4 Net Debt / Loans
324.75
286.95
293.00
Investor Presentation For Q3 FY2025
16
Term Loan Obligations for FY 2024-25
70
58
Rs. in Crores
12
80
70
60
50
40
30
20
10
0
Total Obligation
Obligations met till Jan 2025
Payable in next 2 months
• Total Obligation includes TL Repayment & Margin Funding for Capex
Investor Presentation For Q3 FY2025
17
Investments as on 31st Dec 2024
Investments as on 31.12.2024 in ST MF/ Corporate Bonds / Commercial Papers : Rs. 178 Crores
• Out of the surplus cash accruals generated by the company over the period of last 24 months, company has invested a sum of Rs. 179 Crores in Debt Schemes of various MF such as ST Money Market, Arbitrage Funds, Commercial Papers etc.
• These investments will be utilized as a Growth Capital for Engine – 2 Business opportunities including
Core Adjacencies.
Investor Presentation For Q3 FY2025
18
Order Book
Orderbook – Business wise
Rs. in Crores
Order book: Sector wise 600
Rs. in Crores
Crane Rental Segment
502
493
Wind EPC
Crane Rental +Project EPC
500
400
300
200
100
-
421
493
81
Crane
Project EPC- Crane
Wind EPC
Total Order book: Rs. 995 Crores
Investor Presentation For Q3 FY2025
19
Order Book
Unexecuted Order Book Position As On 15.01.2025
Sr
Particulars
Rs. in Crores
1 Order Book as on 15.01.2025 2
Less: EPC Business Order Book to spill over to next Financial Year
3 Order Book for Financial Year 2024-25 4 Less : Revenue Booked till 31.12.2024 5 Orders on Hand to be executed in Q4 FY25
Break-up of Orders on Hand to be executed in Q4 FY25 Crane Order Book for Q4 FY25 (a) Project EPC Order Book for Q4 FY25 (b) Wind EPC Business Order Book for Q4 FY25 (c) Total Orders to be executed in Q4 FY 25 (a)+(b)+(c) = Sr. No. 5
995 181
814 514 300
142 30 128 300
* Project EPC order book for Q4 FY25 is 30 Crores
Investor Presentation For Q3 FY2025
20
Disclaimer
This presentation contains certain forward-looking statements concerning Sanghvi Movers Limited’s future business prospects
and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ
from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but not limited
to, risks and uncertainties, regarding fluctuations in earnings, our ability to manage growth, competition and economic growth
in India. The company does not undertake to make any announcement in case any of these forward-looking statements become
materially incorrect in future or update any forward-looking statements made from time to time by or on behalf of the
company. No part of this presentation shall be reproduced, copied, forwarded to any third party either in print of in electronic
form without prior express consent of the company.
Investor Presentation For Q3 FY2025
THANK YOU
Sanghvi Movers Limited
World’s Fourth Largest in Crane Rental Service Provider