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 ₹ 1,455 Cr.
- Current Price ₹ 513
- High / Low ₹ 693 / 372
- Stock P/E 22.5
- 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.
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: | 12% |
| 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 |
| Free Cash Flow | 32 | 16 | 39 | -32 | 1 | 93 | -4 | -177 | -14 | -9 |
| CFO/OP | 93% | 97% | 64% | 59% | 103% | 112% | 85% | 84% | 96% | 113% |
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% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Compost Sold Tonnes |
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| Installed Waste-to-Energy (WtE) Capacity MW |
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| Refuse Derived Fuel (RDF) Sold Tonnes |
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| Total Tonnage Handled (MSW Managed) MMT |
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| Total Vehicle Fleet Size Number |
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| C&T Waste Handled per Day TPD |
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| Order Book Position ₹ Cr |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Certificate Under Reg. 74 (5) Of SEBI (DP) Regulations, 2018
15 Apr - RTA confirmed Regulation 74(5) not applicable; all securities remained dematerialized for quarter ended March 31, 2026.
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Business Update - Q4 & FY26
15 Apr - AWHCL reported Q4/FY26 operational growth and JFE’s ₹44 crore investment for two Andhra WtE projects.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
9 Apr - JFE Engineering invests ~¥750 million for 25% in two Andhra Pradesh waste-to-energy SPVs; commissioning targeted Q1 FY29.
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Announcement under Regulation 30 (LODR)-Restructuring
8 Apr - Antony Lara and JFE sign agreements for ¥750 million investment in two Andhra Pradesh waste-to-energy SPVs.
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
7 Apr - W.R.T Exercise of Options under AWHCL Employee Stock Option Plan 2022
Annual reports
Concalls
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Feb 2026Transcript PPT
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Nov 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 2024TranscriptAI SummaryPPTREC
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Feb 2024Transcript PPT
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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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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Feb 2022Transcript PPT
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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]