Sanghvi Movers

BANG ON AKSHAT, BANG ON!!!

Dependence on Wind slowly reducing as compared to previous cycles, traction coming in from other sectors like O&G, Fertilizers, Chemicals, Roads/Infra, Power. This upcycle could be much bigger and longer.

At 400cr mcap, bottom of the cycle, 300cr + debt repaid last 4 years, no capex next 2 years, gross block of 2000cr plus, possibility of becoming debt free and post that hopefully a 100-150 cr buyback to reward equity holders.

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