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 ₹ 832 Cr.
- Current Price ₹ 293
- High / Low ₹ 605 / 291
- Stock P/E 14.2
- Book Value ₹ 260
- Dividend Yield 0.17 %
- ROCE 11.2 %
- ROE 10.9 %
- Face Value ₹ 5.00
Pros
- Stock is trading at 1.13 times its book value
Cons
- Company has low interest coverage ratio.
- Tax rate seems low
- Company has a low return on equity of 12.1% over last 3 years.
- Dividend payout has been low at 0.63% of profits over last 3 years
* 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.
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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 220 | 244 | 276 | 284 | 451 | 465 | 648 | 854 | 866 | 934 | 1,053 | 1,067 | |
| 154 | 175 | 206 | 207 | 325 | 350 | 500 | 706 | 693 | 738 | 847 | 879 | |
| Operating Profit | 67 | 69 | 70 | 76 | 126 | 115 | 148 | 148 | 173 | 195 | 206 | 188 |
| OPM % | 30% | 28% | 25% | 27% | 28% | 25% | 23% | 17% | 20% | 21% | 20% | 18% |
| 2 | 6 | 14 | 15 | -4 | 16 | 18 | 20 | 29 | 49 | 30 | 32 | |
| Interest | 24 | 21 | 23 | 25 | 30 | 28 | 20 | 27 | 40 | 56 | 61 | 66 |
| Depreciation | 18 | 17 | 13 | 18 | 24 | 31 | 33 | 39 | 53 | 70 | 86 | 87 |
| Profit before tax | 27 | 37 | 49 | 48 | 67 | 71 | 113 | 102 | 109 | 118 | 90 | 65 |
| Tax % | 16% | 16% | 18% | 27% | 30% | 9% | 20% | 17% | 8% | 15% | -2% | |
| 23 | 31 | 40 | 35 | 47 | 64 | 90 | 85 | 100 | 101 | 92 | 70 | |
| EPS in Rs | 13.44 | 21.52 | 22.62 | 19.17 | 10.69 | 15.92 | 24.00 | 24.07 | 30.37 | 30.07 | 26.58 | 20.59 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 2% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 18% |
| 3 Years: | 7% |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 11% |
| 3 Years: | 3% |
| TTM: | -13% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -1% |
| 3 Years: | -8% |
| 1 Year: | -45% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 12% |
| 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 7 | 13 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves | -41 | -20 | 119 | 143 | 211 | 334 | 403 | 472 | 560 | 645 | 725 |
| 298 | 281 | 153 | 185 | 209 | 154 | 175 | 355 | 447 | 505 | 459 | |
| 67 | 90 | 149 | 168 | 243 | 279 | 352 | 397 | 429 | 478 | 538 | |
| Total Liabilities | 325 | 353 | 422 | 503 | 677 | 781 | 944 | 1,238 | 1,450 | 1,642 | 1,735 |
| 117 | 116 | 41 | 166 | 259 | 253 | 238 | 309 | 662 | 721 | 732 | |
| CWIP | 51 | 86 | 106 | 23 | 14 | 6 | 61 | 250 | 41 | 56 | 39 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 157 | 151 | 275 | 315 | 404 | 521 | 645 | 680 | 747 | 866 | 964 | |
| Total Assets | 325 | 353 | 422 | 503 | 677 | 781 | 944 | 1,238 | 1,450 | 1,642 | 1,735 |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 58 | 63 | 36 | 31 | 108 | 112 | 105 | 90 | 140 | 188 | 143 | |
| -24 | -44 | 14 | -54 | -116 | -33 | -140 | -260 | -152 | -148 | -56 | |
| -17 | -45 | -30 | 11 | 14 | -4 | 5 | 149 | 35 | 7 | -96 | |
| Net Cash Flow | 18 | -26 | 21 | -12 | 6 | 75 | -30 | -22 | 22 | 48 | -9 |
| Free Cash Flow | 32 | 16 | 39 | -32 | 1 | 93 | -4 | -177 | -14 | -11 | 83 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 93% | 97% | 64% | 59% | 103% | 112% | 85% | 84% | 96% | 112% | 85% |
Ratios
Consolidated / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 121 | 134 | 59 | 72 | 70 | 70 | 100 | 92 | 106 | 104 | 112 |
| Inventory Days | |||||||||||
| Days Payable | |||||||||||
| Cash Conversion Cycle | 121 | 134 | 59 | 72 | 70 | 70 | 100 | 92 | 106 | 104 | 112 |
| Working Capital Days | 83 | 83 | -88 | -86 | -7 | -8 | 7 | 6 | 1 | -21 | -16 |
| ROCE % | 21% | 24% | 20% | 26% | 18% | 20% | 15% | 14% | 12% | 11% |
Insights
In beta| Jan 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Number of Ongoing Projects Number |
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| Vehicle Fleet Number of vehicles |
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| Compost Sold Tonnes |
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| Refuse Derived Fuel (RDF) Sold Tonnes |
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| Total MSW Managed Million Metric Tonnes (MMT) |
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| WTE Green Units Generated (PCMC) Million Units |
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| Order Book Rs. Crore |
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| WTE Plant Load Factor (PLF) % |
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Extracted by Screener AI
Documents
Announcements
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Business Update For Quarter And Half Year Ended September 30, 2026
- Q2/H1 FY27 update: 0.8% tonnage growth; PCMC WtE suspended after July 8 incident killing nine, due Dec 2026.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Please find attached intimation w.r.t Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
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Issuance Of Corporate Guarantee On Behalf Of Subsidiary Company
- Company issued corporate guarantee for Mumbai Eco Solutions’ ₹9.89 crore credit facilities with Bajaj Finance.
- Closure of Trading Window
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Issuance Of Corporate Guarantee On Behalf Of Subsidiary Company
- Company extended ₹34 crore corporate guarantee to ICICI Bank for subsidiary Mumbai Eco Solutions.
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
from bse
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Annual Report 2023
from bse
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Annual Report 2022
from bse
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Annual Report 2021
from bse
Concalls
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Aug 2026Transcript PPT REC
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Jun 2026Transcript PPT REC
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT
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Jun 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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Aug 2024Transcript PPT
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Jun 2024Transcript PPT
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Apr 2024REC
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Feb 2024Transcript PPT
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Feb 2024PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT REC
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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Jun 2022Transcript PPT
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Feb 2022Transcript PPT
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Nov 2021Transcript PPT
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Sep 2021Transcript
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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]