Antony Waste Handling Cell Ltd
Antony Waste Handling Cell Ltd is engaged in the business of mechanical power sweeping of roads, collection and transportation of waste, waste to energy project and undertake the designing, construction, operation and maintenance of the integrated waste management facility in Kanjurmarg, Mumbai.[1]
It is one of the top five players in the Indian municipal waste management industry with a track record of ~20 years.[2]
- Market Cap ₹ 1,489 Cr.
- Current Price ₹ 524
- High / Low ₹ 693 / 408
- Stock P/E 23.0
- Book Value ₹ 243
- Dividend Yield 0.00 %
- ROCE 12.1 %
- ROE 11.3 %
- Face Value ₹ 5.00
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Utilities Utilities Other Utilities Waste Management
Part of BSE Allcap BSE Utilities
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 220 | 244 | 276 | 284 | 451 | 465 | 648 | 854 | 866 | 934 | 1,010 | |
| 154 | 175 | 206 | 207 | 325 | 350 | 500 | 706 | 693 | 738 | 811 | |
| Operating Profit | 67 | 69 | 70 | 76 | 126 | 115 | 148 | 148 | 173 | 195 | 200 |
| OPM % | 30% | 28% | 25% | 27% | 28% | 25% | 23% | 17% | 20% | 21% | 20% |
| 2 | 6 | 14 | 15 | -4 | 16 | 18 | 20 | 29 | 49 | 51 | |
| Interest | 24 | 21 | 23 | 25 | 30 | 28 | 20 | 27 | 40 | 56 | 61 |
| Depreciation | 18 | 17 | 13 | 18 | 24 | 31 | 33 | 39 | 53 | 70 | 82 |
| Profit before tax | 27 | 37 | 49 | 48 | 67 | 71 | 113 | 102 | 109 | 118 | 107 |
| Tax % | 16% | 16% | 18% | 27% | 30% | 9% | 20% | 17% | 8% | 15% | |
| 23 | 31 | 40 | 35 | 47 | 64 | 90 | 85 | 100 | 101 | 101 | |
| EPS in Rs | 133.60 | 213.90 | 224.92 | 19.17 | 10.69 | 15.92 | 24.00 | 24.07 | 30.37 | 30.07 | 29.21 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 13% |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 1% |
| TTM: | -11% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 25% |
| 1 Year: | -5% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 14% |
| Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 7 | 13 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves | -41 | -20 | 119 | 143 | 211 | 334 | 403 | 472 | 560 | 645 | 677 |
| 298 | 281 | 153 | 185 | 209 | 154 | 175 | 355 | 447 | 505 | 471 | |
| 67 | 90 | 149 | 168 | 243 | 279 | 352 | 397 | 429 | 476 | 535 | |
| Total Liabilities | 325 | 353 | 422 | 503 | 677 | 781 | 944 | 1,238 | 1,450 | 1,641 | 1,697 |
| 117 | 116 | 41 | 166 | 259 | 253 | 238 | 309 | 662 | 721 | 748 | |
| CWIP | 51 | 86 | 106 | 23 | 14 | 6 | 61 | 250 | 41 | 56 | 31 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 157 | 151 | 275 | 315 | 404 | 521 | 645 | 680 | 747 | 865 | 918 | |
| Total Assets | 325 | 353 | 422 | 503 | 677 | 781 | 944 | 1,238 | 1,450 | 1,641 | 1,697 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 58 | 63 | 36 | 31 | 108 | 112 | 105 | 90 | 140 | 190 | |
| -24 | -44 | 14 | -54 | -116 | -33 | -140 | -260 | -152 | -152 | |
| -17 | -45 | -30 | 11 | 14 | -4 | 5 | 149 | 35 | 12 | |
| Net Cash Flow | 18 | -26 | 21 | -12 | 6 | 75 | -30 | -22 | 22 | 49 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 121 | 134 | 59 | 72 | 70 | 70 | 100 | 92 | 106 | 104 |
| Inventory Days | ||||||||||
| Days Payable | ||||||||||
| Cash Conversion Cycle | 121 | 134 | 59 | 72 | 70 | 70 | 100 | 92 | 106 | 104 |
| Working Capital Days | 83 | 83 | -88 | -86 | -7 | -8 | 7 | 6 | 1 | -20 |
| ROCE % | 21% | 24% | 20% | 26% | 18% | 20% | 15% | 14% | 12% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Investor Presentation
18h - W.R.T announcement of the Unaudited Financial results of the Company for the quarter and nine months ended December 31, 2025
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
22h - Q3 revenue ₹240Cr; EBITDA ₹50Cr; merger completed Dec 31, 2025; BMC contracts ~₹1,330Cr; TMC project ₹67Cr.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
23h - W.R.T Newspaper Advertisement of Financial Results
- Results - Financial Results For Quarter And Nine Months Ended December 31, 2025 1d
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Board Meeting Outcome for Outcome Of Board Meeting Held On Friday, January 30, 2026
1d - Board approved unaudited standalone and consolidated results for quarter and nine months ended December 31, 2025.
Annual reports
Concalls
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Jan 2026TranscriptAI SummaryPPT
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Nov 2025Transcript PPT REC
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Apr 2024TranscriptAI SummaryPPTREC
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Feb 2024TranscriptAI SummaryPPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT REC
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Nov 2021Transcript PPT
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Sep 2021TranscriptPPT
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Aug 2021Transcript PPT
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Jul 2021Transcript PPT
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Feb 2021Transcript PPT
Business Profile
The company is a leader in India’s Municipal Solid Waste (MSW) management sector. It offers a range of MSW services, including the collection & transportation (C&T), processing, and disposal of solid waste, to Indian municipal corporations. [1]