Sanghvi Movers Limited · NSE:SANGHVIMOV
Sanghvi Movers — Q2 FY27 Earnings Presentation
44 slides from Sanghvi Movers's earnings presentation, Nov 2, 2026
Slide 1: Cover letter to stock exchanges
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/26-27/52 November 02, 2026 To, To, The Ma
Slide 2: Sanghvi Elevate: Beyond Boundaries
ELEVA Beyond Boundari SANGHVI
Slide 3: 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 for
Slide 4: Index
Index 1 Message from the Managing Director 4 2 SML at a Glance 5 3 ELEVATE 2030 14 4 Strategic Information 19 5 Q2 Key Business Updates 22 6 Consolidated Financial Overview 26 3
Slide 5: Message from the Managing Director
Q2 & H1 FY27 Performance Message from the Managing Director We delivered a strong quarter, with revenue growing 32% YoY to ₹277 crore and a robust EBITDA margin of 36%, reflecting strong execution, operational discipline, and customer focus. Our FY27 order book grew by 26% to ₹1,582 crore as of 23 O
Slide 6: SML at a Glance
SML AT A GLANCE 5
Slide 7: Sanghvi Group - Resilient Market Leader
Sanghvi Movers Group SANGHVI GROUP - RESILIENT MARKET LEADER Nation Building Group: Integrated Heavy-Lift & Infrastructure Services Standing tall in a highly unorganized market & pushing boundaries to create value for all stakeholders rd PARENT COMPANY · ESTABLISHED 1989 World’s 3rd Largest crane re
Slide 8: How We Create Value For The Customer
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 ranging fro
Slide 9: Sangreen Future Renewables Private Ltd
SUBSIDIARY · RENEWABLES Sangreen Future Renewables Private Ltd Serving the Nation Through Renewables Aligning the future of Sanghvi Group to India’s need for clean energy and energy independence CARE A- 20+GW 2+ GW CURRENT 5 GW ENQUIRY 140 + PROJECTS 125 + CLIENTS ORDER BOOK PIPELINE DELIVERED SERVE
Slide 10: Sanghvi Movers Middle East Ltd
SUBSIDIARY · MIDDLE EAST Sanghvi Movers Middle East Ltd From Nation Builder to Global Builder We want to evolve from a nation builder to a global builder $1.5T+ $1B+ 10-12% CAGR Giga projects & Global Commitments Launchpad Oil & Gas; Infra Crane Rental Market Expected Market Growth fueling accelerat
Slide 11: Global Market Footprint
Our Spread Global Market Footprint World’s 3rd & Asia's Largest Globally Ranked Crane Rental Company (IC Index 2025) Riyadh Qatar Ghaziabad Global Presence Delhi India | Saudi Arabia | Botswana | Qatar Pali Saudi Arabia Kutch Jamshedpur 10+ Diverse Sectors Jamnagar Jaora Raigarh Strong presence in c
Slide 12: Awards Received
Our Excellence Awards Received Successful completion Recognized by L&T Total Energy Solutions SFRPL won Execution Appreciation for GE Vernova - Contractor HSE of the 70.2 MW Wind Offshore (Kattupalli) for Partner (Sanghvi Beast Award by Evren Successful Steam Contractor Gold Performance Award Power
Slide 13: Board of Directors
Leadership & Governance Board of Directors Deepak Thombre Madhu Pradip Ishwar Chand Tushar Mehendale Indraneel Chitale Aditya Bhartia Maithili R. Sanghvi Chairman of Board Dubhashi Mangal Non–Executive Non–Executive Additional Director Non–Executive Independent Director Independent Director Non–Exec
Slide 14: Leadership Team
Leadership & Governance Leadership Team Gaurang Desai Prajwal Kumar Pradeep Mehta Akshay Pore Saumil Dave Mohammed Chief Executive Officer Chief Business Officer Chief Financial Officer Chief Strategy Officer Chief Operating Officer Almanaseer Managing Director SMMEL 13
Slide 15: ELEVATE
ELEVATE
Slide 16: Lays out a clear vision for each Business Unit
STRATEGIC ROADMAP · ELEVATE 2030 Lays out a clear vision for each Business Unit CORE BUSINESS RENEWABLES INTERNATIONAL EXPANSION · GCC THE VISION THE VISION THE VISION Re-accelerating growth through capital- KSA as the launchpad for global Aspire to be a complete Renewable efficient scale-up. To ret
Slide 17: Six Core Pillars: Building Competencies for the Future
ELEVATE 2030 · STRATEGIC FRAMEWORK Six Core Pillars: Building Competencies for the 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 check a
Slide 18: Track of ELEVATE 2030
ELEVATE 2030 · TRANSFORMATION Track of ELEVATE 2030 FROM ELEVATE 2030 ROADMAP — WHAT WE COMMITTED, WHERE WE ARE Dimension Committed (ELEVATE 2030) FY26 Achievement FY27 Target Business Structure Single India → Global Group India + KSA + Botswana + Qatar New country activation SFRPL – High ROCE asset
Slide 19: Guidance for FY27 & FY28
ELEVATE 2030 · TRANSFORMATION Guidance for FY27 & FY28 (Consolidated) Crane Rental Renewables E&C Project EPC H1 FY27 FY27 CAGR Status vs Metric (unit) FY26 Actual YoY FY28 Target H1 FY26 Actual H1 FY27 Actual YoY* Projection Compared to ELEVATE 2030 FY26 Guidance Total Income (₹ Cr) 1,100 1,400-1,5
Slide 20: Strategic Information
STRATEGIC INFORMATION 19
Slide 21: Market Drivers
Industry Overview Market Drivers Industry Capacity Growth [MTPA] Tailwinds – Latest Policy Updates Headwinds – Latest Policy Updates Refining-hub push reaffirmed — govt targets 300+ EU ban on Russian-crude products — in force 21 Jan 2026; Refinery 310 MMTPA (India Energy Week, Feb 2026); refineries
Slide 22: Market Drivers
Industry Overview Market Drivers Industry Capacity Growth [GW] Tailwinds – Latest Policy Updates Headwinds – Latest Policy Updates Record year for wind — 6.05 GW added in FY26 ISTS waiver cliff — waiver only for projects 100 (+46%), highest ever; 29 GW under construction commissioned by Jun 2028; no
Slide 23: Q2 Key Business Updates
| ELEVATE 2030 Q2 KEY BUSINESS UPDATES
Slide 24: Key Business Updates
Q2 FY27 Key Business Updates Order book increased 26% to ₹1,582 Cr as on 23 Oct'26 from ₹1,253 Cr on 24 July’26 Secured order book for Q2 FY27 (over 13 weeks), driven by strong contributions from SML and SFRPL, providing confidence in achieving annual targets. Currently evaluating opportunities acro
Slide 25: Windergy 2026 extends our visibility to 2030
Windergy 2026 extends our visibility to 2030 Serving the Nation Through Renewables What it means for investors Demand visibility Strategic engagements with multiple IPPs indicate strong demand visibility through 2030 Preferred E&C position Framework discussions and MOUs with OEMs that establish Team
Slide 26: West Asia conflict shifts SMMEL's capex timing
West Asia conflict shifts SMMEL’s capex timing; demand and returns meet initial investment thesis 86% ₹45 Cr 3.80% EBITDA +ve Order book, 4–5 months of revenue Rental yield, greater than Fleet utilisation in H1 FY27 Middle East operations visibility expectations Risk area Risk Mitigation Supply chai
Slide 27: Consolidated Financial Overview
CONSOLIDATED FINANCIAL OVERVIEW 26
Slide 28: H1 FY27 Operating KPIs
H1 FY27 Operating KPIs Crane Rental GCC Crane Rental Renewables E&C Particulars Inter-Co Elimination Group SML + SMBPL SMMEL (KSA)+ SMMEHL (Qatar) SFRPL + SLPL Crane Fleet Size 456 54 - - 510 Gross Block (₹ Cr) 3,242 148 1 - 3,391 Enquiry Pipeline (₹ Cr) 1,293 586 4,837 - 6,716 Order Book (₹ Cr) 683
Slide 29: Balance Sheet KPIs
Balance Sheet KPIs Standalone Consolidated Particulars H1 FY27 FY26 Change H1 FY27 FY26 Change Net worth (₹ Cr) 1,306 1,260 +3.7% 1,398 1,310 +6.7% Free cash flow to firm (₹ Cr) 43 (35) Turned positive 16 (98) Turned positive Debt/Equity (x) 0.49 0.46 - 0.58 0.51 - DSCR (x) 1.67 2.10 - 2.30 2.30 - I
Slide 30: Capex Plan and Q2 Deployment Status
Capex Plan and Q2 Deployment Status (₹ Cr.) Capex Planned in FY27 CAPITALISED IN Q2 FY27 CAPITALISED IN H1 FY27 PENDING FOR H2 FY27 REVENUE-GENERATING 583* 167 (Carry Forward 416 (Capex Approved by 90 15% of the pool 182 31% of the pool 401 69% of the pool 96% 560 out of 583 from FY26) BoD on 02 Nov
Slide 31: Performance Trends: Q2 & H1 FY27 (Consolidated)
Performance Trends: Q2 & H1 FY27 (Consolidated) (₹ Cr.) Revenue From Operations EBITDA (Before Exceptional Items) PAT Cash Profit 210 380 277 88 139 106 36 65 40 68 104 78 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 483 657 195 245 87 106 149 181 H
Slide 32: Segment Wise Contribution: Q2 FY27 (Consolidated)
Segment Wise Contribution: Q2 FY27 (Consolidated) Revenue from Operations (₹ Cr.) Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 143 169 221 228 175 56 54 116 140 98 11 12 14 11 4 210 236 351 380 277 Crane R entals Renewables (E& C) Pr oject EPC Revenue From O perations Operational EBITDA EBITDA % 47% 45%
Slide 33: SFRPL As A Strategic Diversification Strengthens ROCE
SFRPL As A Strategic Diversification Strengthens ROCE While Changing The EBITDA Mix Yearly: segment EBITDA margin Strategic value creation through diversification Half-yearly: EBITDA bridge (₹ Cr) EBITDA 195 245 EBITDA 371 429 245 • Growth intact: EBITDA +16% in FY26 EBITDA % 39% –3 pts 36% EBITDA %
Slide 34: SML's FY26 to H1 FY27 EBITDA Margin Bridge
SML's FY26 à H1 FY27 EBITDA Margin Bridge EBITDA margin of 46% (FY26: 53%) remains 53% structurally intact; the movement from FY26 is explained below: -3% -1% -1% • Monsoon Seasonality: H1 FY27 covers the 46% -2% monsoon quarters, when crane utilisation is lower, FY26 includes the peak Q3 and Q4 qua
Slide 35: Shareholding Pattern
Shareholding Pattern (₹ Cr.) Shareholding Pattern Share Information as on 30th September 2026 NSE Ticker SANGHVIMOV BSE Ticker 530073 Market Cap (₹ Cr.) (BSE) 3,948 % free-float 53% Others Promoters 49% 47% Free-float market cap (₹ Cr.) 2,082 Shares Outstanding 8,65,76,000 3M ADTV (Shares)* 4,49,167
Slide 36: Thank You
g ELEVATE 2030 Beyond Boundaries, Raising Standares SANGHVI THANK You Vinav Agarwal www.sanghvicranes.com CS & Compliance Officer
Slide 37: Fleet Utilisation & Yield – Quarterly
Annexure Fleet Utilisation & Yield – Quarterly Quarterly Utilisation and Yield by Geography (%) 4.10% 3.60% 2.29% 2.20% 2.04% 70% 86% 71% 86% 87% India + Botswana KSA + Qatar Q2 FY2 6 Q1 FY2 7 Q2 FY2 7 36
Slide 38: Double-digit Growth across P&L
Annexure Double-digit Growth across P&L (₹ Cr.) 3x Revenue growth in last 5 years EBITDA(%) Consistently >35% in last 5 years Sustained Profitability since FY22 Total Income 31.1% EBITDA EBITDA Margin 25.1% PAT PAT Margin 58.7% CAGR CAGR CAGR (FY22-FY26) (FY22-FY26) (FY22-FY26) 30% 63% 59% 25% 20% 1
Slide 39: Strengthening Returns, Disciplined Leverage, Resilient Cash Generation
Annexure Strengthening Returns, Disciplined Leverage, Resilient Cash Generation (₹ Cr.) Double digit ROCE Gross Debt to Equity maintained below 0.72x Average ₹250 Cr+ Cash Profit in last 5 years 6% 16% 21% 17% 16% 16% 0.22 0.21 0.28 0.38 0.51 0.58 148 233 320 285 324 181 FY2 2 FY2 3 FY2 4 FY2 5 FY2
Slide 40: Investing In Scale – Fleet Expanding, Utilization Holding Strong
Annexure Investing In Scale – Fleet Expanding, Utilization Holding Strong (₹ Cr.) Gross block up 45%+ since FY22 Growth Capex reaccelerated in FY26 Utilization stable within 73%-84% (India) 2.20% 2.12% 2.15% 2.05% 1.97% 1.71% 2,345 2,520 2,458 2,870 3,217 3,391 111 162 334 235 474 182 76% 82% 84% 73
Slide 41: Consolidated P&L
Annexure Consolidated P&L Particulars (₹ Cr) Q2 FY27 Q1 FY27 QoQ(%) Q2 FY26 YoY (%) H1 FY27 H1 FY26 YoY (%) Revenue from Operations 277 380 -27% 210 32% 657 483 36% Other Income 19 13 8 33 15 Total Income 296 393 -25% 218 36% 689 498 38% Employee benefits expense 31 32 22 63 40 Operating and Other e
Slide 42: Consolidated Balance Sheet
Annexure Consolidated Balance Sheet 30-Sept-26 30-Sept-25 31-Mar-26 Particulars (₹ Cr) (Unaudited) (Unaudited) (Audited) Non-Current Assets Property, Plant & Equipment 1,481 1,180 1,421 Capital work-in-progress 58 8 9 Intangible Assets 4 5 4 Financial Assets 70 14 47 Other non-current assets 93 33 2
Slide 43: Consolidated Cash Flow Statement
Annexure Consolidated Cash Flow Statement 30-Sept-26 30-Sept-25 31-Mar-26 Particulars (₹ Cr) (Unaudited) (Unaudited) (Audited) CASH FLOW FROM OPERATING ACTIVITIES Profit before tax 142 118 253 Operating profit before working capital changes 240 185 403 Cash generated from operations 270 147 339 Inco
Slide 44: Glossary of Terms
Annexure Glossary of Terms Abbreviation Full Form SML Sanghvi Movers Limited SMMEL Sanghvi Movers Middle East Limited SFRPL Sangreen Future Renewables Private Limited SLPL Sangreen Logistics Private Limited SMBPL Sanghvi Movers Botswana Pty Limited SMMEHL Sanghvi Movers Middle East Heavy Lift GCC Gu