Craning our neck towards Sanghvi Movers

Sanghvi Movers, the largest crane services company in India/Asia, is the 7th largest in the world.

A quantitative analysis of the last 10 years yields thus:

+ sales have increased 16 times (22 cr to 361 cr)
+ net profit has increased 1200 times (from 0.0694 cr to 86 cr)
+ no loss in any year
+ eps has increased 997 times (from 0.02 to 19.94), a CAGR of 48.93%
+ book value has increased 11 times (from 11.58 to 1245.94)
+ uninterrupted dividends for the last 8 years
+ promoter holding is 45%

- Long Term Debt Equity 1.11, which is slightly higher than my target of 1.00
- Current Ratio is 1.50, which is lower than my target of 2.00

At a CMP of Rs. 108.50, it seems to be attractively priced, with a Margin of Safety (MOS) of 110%.

Conclusion: For me, it is a buy, till I reach my diversification target or if falls out of the MOS target.

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