Sanghvi Movers Limited · NSE:SANGHVIMOV
Sanghvi Movers — Investor Presentation (March 2026)
36 slides from Sanghvi Movers's investor presentation, Mar 23, 2026
Slide 1: Outcome of Investor/Analyst Meet and 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.: L29150PN1989PLC054143 REF: SML/SEC/SE/25-26/80 March 23, 2026 To, To, The Manag
Slide 2: Sanghvi Movers Limited
01 | 35 SANGHVI MOVERS LIMITED
Slide 3: Disclaimer
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 securitie
Slide 4: Nation Building: Integrated Heavy-Lift & Infrastructure Services Group
03 | 35 Nation Building: Integrated Heavy-Lift &Infrastructure Services Group Standing tall in a highly unorganized market & pushing boundaries to create value for all stakeholders PARENT COMPANY · ESTABLISHED 1989 World's 5th Largest crane rental, engineering and heavy lift 5 th 36+ 4 WORLD'S LARGE
Slide 5: Market Leadership Across India's Infrastructure
04 | 35 NATION BUILDING · MARKET LEADERSHIP Market Leadership Across India's Infrastructure RENEWABLE ENERGY ENERGY GENERATION WIND NUCLEAR MARKET SHARE MARKET SHARE ~50–60% ~40-50% ● 17+ GW WTG installed ● Reactor components, steam generators, dome erection & ● ~15,000 wind turbines erected across
Slide 6: Proven Execution Across Refining, Petrochemical, and Power Projects
05 | 35 NATION BUILDING · MARKET LEADERSHIP Proven Execution Across Refining, Petrochemical, and Power Projects OIL & CHEMICALS ENERGY GENERATION REFINERY AND PETROCHEM THERMAL POWER MARKET SHARE MARKET SHARE ~40–45% ~45–55% ● India added ~230 GW thermal capacity (1989–2025) ● 75 cranes deployed at
Slide 7: Lifting Sectors that Built Modern India and its Future
06 | 35 NATION BUILDING · MARKET LEADERSHIP Lifting Sectors that Built Modern India and its Future COMMODITIES BUILDING MATERIALS STEEL CEMENT MARKET SHARE MARKET SHARE ~25–35% ~50–60% ● India capacity: 55 MTPA (1989) → ~600 MTPA (2025); ● India steel grew from 15 MT (1989) → 180+ MT (2025), world's
Slide 8: The Cranes behind India's Metro Network, its Biggest Stadium, and Its Strategic Ports
07 | 35 NATION BUILDING · MARKET LEADERSHIP The Cranes behind India's Metro Network, its Biggest Stadium, and Its Strategic Ports CIVIL & URBAN MARITIME INFRASTRUCTURE OFFSHORE & MARINE MARKET SHARE MARKET SHARE ~20–25% ~15–20% ● Infra Capex Budget FY27 — INR 12.2 Lakh Cr. ● Sagarmala Project — ~₹4
Slide 9: Navigating Oil, Gas and Marine Infrastructure
08 | 35 NATION BUILDING · MARKET LEADERSHIP Navigating Oil, Gas and Marine Infrastructure MARITIME MANUFACTURING UPSTREAM ENERGY SHIPBUILDING & OFFSHORE OIL & GAS MARKET SHARE MARKET SHARE ~25–35% ~30–40% ● India shipbuilding order book: USD 3.6 B (2025); target ● India O&G capex avg. ₹50,000–80,000
Slide 10: The Spirit that Forges our Destiny
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
Slide 11: Our founder Mr. CP Sanghvi pioneered the Crane Rental Industry in India
10 | 35 Our founder Mr.CP Sanghvi pioneered the Crane Rental Industry in India 1989 1995 1997 Founding IPO Mega Refinery Order Started with an 8-ton Took the company to IPO and used the Reliance places an unprecedented order for crane & a one-room proceeds to purchase India's first 75 cranes - prope
Slide 12: Winning the Wind Transition: A Decade of Growth & Scale
22 | 35 2005–2016 · THE WIND DECADE Winning the Wind Transition: A Decade of Growth & Scale 11 ₹1,700 Cr 1,000 + ₹100 Cr 10 GW NEW DEPOTS EMPLOYEES PAT MILESTONE FLEET GROSS ADDED (WIND FORCE) ACHIEVED BLOCK ADDED KEY POLICY DRIVERS Accelerated Depreciation (AD) Generation Based Incentives (GBI) All
Slide 13: Structural Disruptions, Strategic Turnaround and Repositioning
12 | 35 STRUCTURAL DISRUPTIONS, STRATEGIC TURNAROUND AND REPOSITIONING
Slide 14: The Perfect Storm: Industry Crisis & Peak Debt
13 | 35 INDUSTRY CRISIS SANGHVI'S CHALLENGE The Perfect Storm: 01 Policy Shift Feed-in Tariffs replaced by reverse Peak Debt Burden Coincided with India's worst Industry Crisis & auction - triggered industry-wide margin compression contraction in renewable energy history Peak Debt 02 OEM Consolidati
Slide 15: Profound Loss & Leadership Transition
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
Slide 16: The Resultant Transformation that changed SML
15 | 35 2020–2024 · THE TURNAROUND The Resultant Transformation that changed SML 51% 10–15% ₹900 Cr D/E RATIO REDUCTION EBITDA MARGIN GROWTH FLEET REINVESTMENT FINANCIAL DISCIPLINE Cash Conservation Debt Reduction EBITDA Turnaround Built robust framework to stabilize cash D/E fell from 0.69 → 0.33;
Slide 17: How We Create Value For The Customer
16 | 35 CUSTOMER VALUE PROPOSITION How We Create Value For The Customer PRODUCT OPERATIONAL FINANCIAL End-to-End Strong Technical High Operational High standards Attractive Solutions Expertise Efficiency (QHSE) Pricing Unmatched speed-to- Industry-leading health & Market-leading, cost- Solutions ran
Slide 18: Nation Building: Integrated Heavy-Lift & Infrastructure Services Group
Sanghvi Movers Group 17 | 35 Nation Building: Integrated Heavy-Lift &Infrastructure Services Group Standing tall in a highly unorganized market & pushing boundaries to create value for all stakeholders PARENT COMPANY · ESTABLISHED 1989 World's 5th Largest crane rental engineering and heavy lift 5 th
Slide 19: Why SFRPL? Accelerating India's Green Revolution
18 | 35 SUBSIDIARY · RENEWABLES Why SFRPL? Accelerating India’s Green Revolution Serving the Nation Through Renewables 17+ GW 2+ GW 5 GW 100 + 100 + 0 TRIR CURRENT ENQUIRY PROJECTS CLIENTS 2024 & ORDER BOOK PIPELINE DELIVERED SERVED 2025 STRATEGIC RATIONALE MARKET POSITION & ADVANTAGE 17+ GW Track R
Slide 20: Nation Building: Integrated Heavy-Lift & Infrastructure Services Group
Sanghvi Movers Group 19 | 35 Nation Building: Integrated Heavy-Lift &Infrastructure Services Group Standing tall in highly unorganized market & pushing boundaries to create value for all stakeholders PARENT COMPANY · ESTABLISHED 1989 World's 5th Largest crane rental engineering and heavy lift 5 th 3
Slide 21: Why SMME? To evolve from a nation builder to a global builder
20 | 35 SUBSIDIARY · GCC Why SMME? To evolve from a nation builder to a global builder From Nation Builder to Global Builder $1T+ $ 1B+ 10-12% CAGR Giga projects & Global Commitments Launchpad Oil & Gas, Infra Crane Rental Market Expected Market Growth Fueling acceleration and creating whitespace 6-
Slide 22: Financial Overview: A Consistent Performance Backed by Numbers
21 | 35 FINANCIAL OVERVIEW: A CONSISTENT PERFORMANCE BACKED BY NUMBERS
Slide 23: Double Digit Growth across P&L
22 | 35 Double Digit Growth across P&L 4x Revenue growth in last 4 years 34.3% Average 50% EBITDA in Last 5 Years 33.7% Sustained Profitability since FY22 75.5% Revenue CAGR EBITDA & EBITDA Margin CAGR PAT & PAT Margin CAGR (FY21-FY25) (FY21-FY25) (FY22-FY25) 30% 25% 20% 63% 16% 62% 40% 9% 52% 52% 4
Slide 24: Strengthening returns, disciplined leverage, resilient cash generation
23 | 35 Strengthening returns, disciplined leverage, resilient cash generation From Negative to double Debt to Equity Average 250 Cr Cash Profit digit ROCE maintained below 0.5x in last 5 years -1% 6% 16% 21% 15% 11% 0.28 0.23 0.19 0.28 0.33 0.48 100 148 233 320 285 212 FY21 FY22 FY23 FY24 FY25 9MFY
Slide 25: Investing In Scale – Fleet Expanding, Utilization Holding Strong
24 | 35 Investing In Scale – Fleet Expanding, Utilization Holding Strong Gross block up 33% since FY21 Growth Capex Average Utilization 78% for reaccelerating in FY26 last 5 years 2,310 2,345 2,520 2,458 2,870 3,067 1 111 162 334 235 361 56% 76% 82% 84% 73% 76% FY21 FY22 FY23 FY24 FY25 9MFY26 FY21 F
Slide 26: Strong Opening Order Book with built-in revenue predictability
25| 35 Strong Opening Order Book with built-in revenue OPENING ORDER BOOK AS % OF FULL-YEAR REVENUE CONSISTENTLY ABOVE 33% — PEAKS AT 52% predictability 52% Opening Order Revenue 46% ~50% 33% 49% 45% Strong Opening Order Book 114 253 121 372 236 486 299 647 426 823 FY21 FY22 FY23 FY24 FY25
Slide 27: What is Yield?
26 | 35 What Revenue for the Month is Yield? YIELD %
Slide 28: Why We Believe We Can Outperform
27 | 35 BALANCE SHEET Disciplined Balance Sheet Prudent allocation with low leverage, strong asset coverage, and consistent deleveraging capital— positioning SML for sustainable, cycle-resilient growth. Why We Believe We Can ORDERBOOK Fleet Expansion Backed by Strong Orderbook Outperform A healthy,
Slide 29: Anticipating Challenges, Building Sustainable Solutions
28 | 35 RISK MANAGEMENT Anticipating Challenges, Building Sustainable Solutions RISK MITIGATION • Value differentiation Margin dilution risk – 3-2% compression • Composite engineering solutions • Continuous fleet reinvestment • Asset-light models Leverage / Debt – Capex heavy model • Supplier credit
Slide 30: Where Sanghvi Movers is going
29 | 35 2030 Where Sanghvi Movers is going
Slide 31: Igniting a Future Powered by Vision · Mission · Values
30 | 35 PURPOSE AND DIRECTION Igniting a Future Powered by Vision · Mission · Values OUR VALUES Human Dignity Ethics Respect for every person at Uncompromising integrity in all every level dealings Delight the world through sustainable and scalable engineering solutions. Agility Trust Adapting fast
Slide 32: Lays out clear visions for each Business Unit
31 | 35 STRATEGIC ROADMAP · ELEVATE 2030 Lays out clear visions for each Business Unit CORE BUSINESS RENEWABLES (ASSET LIGHT) INTERNATIONAL EXPANSION · GCC THE VISION THE VISION THE VISION Aspire to be complete Renewable KSA as the launchpad for global Re-accelerating growth through capital- platfor
Slide 33: Six Core Pillars: Building Competencies for Future
32 | 35 ELEVATE 2030 · STRATEGIC FRAMEWORK Six Core Pillars: Building Competencies for Future Customer-Centric Approach Robust Financial Growth Strengthening partnerships through tailored, Enhancing capital efficiency, profitability high-quality service offerings and deeper and keeping the risks und
Slide 34: Shaping the 5 Year Vision
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 Prof
Slide 35: Financial Aspirations for next years
34 | 35 Financial Aspirations for next 2 years Revenue Margin CapEx ₹1,800 Cr ₹500–600 Cr ~₹500 Cr TARGET REVENUE BY FY28 TARGET EBITDA RANGE PLANNED CAPITAL OUTLAY SUBJECT TO BOD APPROVAL CAGR - CRANE RENTAL CRANE RENTAL MARGIN ~25%–30% 50–55% Fleet Expansion Asset-intensive; benefits from higher A
Slide 36: Thank You
ELEVATE 2030 Beyond Boundaries, Raising Standaros SANGHVI ANALYST DAY - 23RD MARCH 2026 THANK YOU www.sanghvicranes.com