Q2FY20 Update – Sanghvi Movers
Market Cap = Rs 330 Cr (for stock price of Rs 77)
Total Debt = Rs 380 Cr
Enterprise Value = Rs 710 Cr
The company is paying down debt by about Rs 100-120 Cr every year.
In 3.5 years, Sanghvi Movers will be debt free. Market Cap should increase to the level of Enterprise Value ie from Rs 330 Cr to Rs 710 Cr.
Wind Capacity addition in the first 6 months till Sep-19 = 1304 MW
Wind Capacity addition entire year FY19 = 1580 MW