CROWN

Crown Lifters financials

Mumbai-based construction-equipment hire company operating a fleet of crawler, all-terrain and rough-terrain cranes plus piling rigs and man-lifts for industrial and infrastructure projects across India.

Market cap: ₹130 Cr
Sector: Capital Goods
Calls analysed: 1

Latest concall · Q3 FY25 · call held 11 Feb 2025

CROWN Q3 FY25

EBITDA Margin 64%

What went well

Strong Q3 FY25 performance driven by increased project demand and strategic fleet investments.
EBITDA margin expanded to 64% and is expected to be sustainable, with efforts to improve it further.
Secured a wind project from Serentica Renewables India Private Limited (INR4 crores) and re-established partnership with Shree Cement Ltd.

Read the full call →

What Crown Lifters Limited does

Crown Lifters Limited (founded 1984) is a construction-equipment hire company that rents out a fleet of cranes — crawler cranes with lattice boom, all-terrain cranes with telescopic boom, and rough-terrain and truck-mounted cranes — along with piling rigs, man-lifts, scissor lifts and other allied equipment. The company procures cranes largely by import, deploys them to client project sites against work orders, and earns rental income as equipment is engaged, redeployed and churned across projects. Its fleet serves industrial sectors such as refineries, steel, cement and power, and infrastructure sectors including green energy, ports, metros, bullet trains, airports and railways.

Segments

Crane rental (crawler, all-terrain, rough-terrain, truck-mounted)
Aerial work platforms & man-lifts
Piling & excavation equipment

Active cranes in fleet: 34+
Fleet ownership mix: 23 owned + 11 third-party cranes
Average fleet age: 5-6 years (down from ~15 years historically)
Fleet composition (new vs old): 90% new-imported cranes, 10% older cranes
Largest crane capacity operated: 800 MT crawler crane in fleet history; recent additions include two 260 T crawler cranes (Dec 2024 & Jan 2025)
Fleet utilisation: ~90%+ of cranes continuously engaged on projects

Founded 1984Headquarters Mumbai, Maharashtra, India Company website

Guidance record · Q3 FY25

what the last two calls moved 6 tracked 0 delivered 0 missed 6 open

Top Line Growth (YoY) open said Q3 FY25 Promised: somewhere around that 30% line which we are expecting to close the year around Q3 FY25: Target set at ~30% YoY growth for FY25.

All 6 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 29.3%, net profit up 4.6% against the same quarter last year.

₹ Cr · quarterly

Line item	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26	Q1 FY27
Revenue	8	9	11	10	10 +26%	9 −2%	12 +4%	13 +29%
Expenses	3	3	5	4	5	5	5	6
EBITDA	5	5	7	6	5 +6%	4 −31%	6 −4%	7 +20%
Margin	61%	62%	59%	60%	51%	44%	54%	56%
Other income	0	1	1	1	1	1	1	0
Interest	1	1	1	1	1	1	1	2
Depreciation	1	2	2	2	2	1	2	2
Profit before tax	3	4	4	4	3 +4%	2 −41%	3 −30%	4 +5%
Tax rate	25%	25%	27%	25%	25%	20%	29%	26%
Net profit	2	3	3	3	2 +3%	2 −37%	2 −32%	3 +5%
EPS	1.90	2.35	2.90	2.49	1.90	1.44	1.92	2.54

How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −38.5% 1Y

1Y: ₹183.02 on 10 Sept 2025 → ₹112.55. High ₹183.02 (10 Sept 2025), low ₹102.7 (28 Aug 2026).

Financials, as filed

Revenue grew 18.9% a year over 2 years, FY24 to FY26. Operating margin narrowed to 52.8%.

Year ending	FY24	FY25	FY26
Revenue	₹28 Cr	₹35 Cr	₹40 Cr
Operating profit	₹15 Cr	₹21 Cr	₹21 Cr
Operating margin	53.8%	58.5%	52.8%
Interest	₹2 Cr	₹3 Cr	₹4 Cr
Depreciation	₹7 Cr	₹6 Cr	₹7 Cr
Net profit	₹6 Cr	₹19 Cr	₹9 Cr
Net margin	19.6%	54.2%	22.4%
Cash from operations	₹56 Cr	₹41 Cr	₹9 Cr
Free cash flow	₹-4 Cr	₹-4 Cr	₹-18 Cr
ROCE	18.4%	18.9%	13.4%

How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year ending	FY21	FY22	FY23	FY24	FY25	FY26
Equity capital	₹2 Cr	₹10 Cr	₹10 Cr	₹11 Cr	₹12 Cr	₹12 Cr
Reserves	₹17 Cr	₹7 Cr	₹11 Cr	₹25 Cr	₹62 Cr	₹66 Cr
Borrowings	₹15 Cr	₹0 Cr	₹12 Cr	₹29 Cr	₹49 Cr	₹58 Cr
Other liabilities	₹2 Cr	₹7 Cr	₹6 Cr	₹44 Cr	₹70 Cr	₹79 Cr
Total liabilities	₹35 Cr	₹24 Cr	₹40 Cr	₹109 Cr	₹193 Cr	₹215 Cr
Fixed assets	₹21 Cr	₹13 Cr	₹20 Cr	₹73 Cr	₹129 Cr	₹147 Cr
Capital work in progress	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹6 Cr
Investments	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr
Other assets	₹14 Cr	₹11 Cr	₹19 Cr	₹36 Cr	₹64 Cr	₹62 Cr
Total assets	₹35 Cr	₹24 Cr	₹40 Cr	₹109 Cr	₹193 Cr	₹215 Cr

How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, promoters trimmed −1.74 pp while the public added +1.68 pp. The shareholder count shrank 10% to 6,774.

Promoters: 67.8%
DIIs: 0.1%
Public: 32.1%

Since Jun 2025

Promoters −1.74 pp
Public +1.68 pp
DIIs +0.06 pp

How it drifted, 12 quarters

Over this window promoters fell from 75.0% to 67.8% — −7.2 pp.

Sep '23Dec '24Jun '26

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Crown Lifters Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

Holder	Stake	Change
Karim Kamruddin Jaria	45.21%	unchanged
Nizar Nooruddin Rajwani	22.61%	unchanged
Mittal Analytics Private Limited	1.81%	unchanged
Pradipta Pratik Bagaria	1.16%	unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse Crown Lifters Limited

Guides on how to read this kind of business and the numbers that matter.