A waste management company is attracting attention as it sets ambitious goals for topline and compound annual growth rate (CAGR) growth in the upcoming years. The focus on expanding its market presence and enhancing operational efficiency is expected to drive long-term growth and position the company for success in the competitive industry.
Price Movement
In Tuesday’s trading session, the share price of Antony Waste Handling Cell Ltd rose to an intra-day high of Rs.543.60 per share, rising 2 percent from its previous close of Rs.533.75 apiece. The stock has later retreated to Rs.531.60 apiece.
Management Guidance
Antony Waste Handling Cell Ltd. expects a revenue growth of 15-18 percent, driven by a combination of ongoing contracts and new initiatives. Key projects contributing to this growth include a construction and demolition waste processing plant in Mumbai, a new C&T contract in Navi Mumbai set to begin in April 2025, and the Sitco bio-mining project.
The company is also focused on sustainability, with continued investments aimed at enhancing operational efficiency and promoting sustainable waste management practices. Looking ahead, Antony Waste aims for a long-term revenue CAGR of 20-25 percent, positioning itself for steady growth in the waste management sector.
Operational Efficiency
The PCMC Waste-to-Energy Plant has maintained strong performance, achieving a plant load factor (PLF) of approximately 71 percent in its first year, which increased to around 77 percent in Q3 FY25. The plant generated over 53 million green units. In terms of waste management, the company processed about 0.69 million tonnes of municipal solid waste and handled around 0.49 million tonnes through collection and transportation services.
Total tonnage managed in Q3 FY25 reached approximately 1.18 million tonnes, reflecting a 3.2 percent year-on-year increase, including completed projects. Over the first nine months of FY25, total tonnage increased by 5.7 percent YoY to approximately 3.56 million tonnes.
The company also saw a 7 percent YoY growth in RDF and compost sales, highlighting robust market demand. As part of its circular economy efforts, around 20,000 tonnes of construction and demolition waste were processed in Mumbai with a 96 percent recycling rate.
Also read: PSU power stock in focus after it plans to increase capacity by more than 600% by 2030
Financial Performance
Turning towards the financials of the company, Antony Waste Handling Cell Ltd reported Q3 FY25 revenue of Rs.243 crore, rising 12 percent from Rs.217 crore in Q3 FY24. Profit After Tax (PAT) increased substantially by 13 percent to Rs.18 crore, compared to Rs.16 crore in the same period.
Important Financial Ratios
The Return on Capital Employed (ROCE) of the company stands at 12.78 percent, while the Return on Equity (ROE) is 11.59 percent.
The company’s Price-to-Earnings (P/E) ratio is 20.84, which is lower than the industry average of 40.37. Additionally, the company has a solid current ratio of 1.99, a debt-to-equity ratio of 0.71 and an Earnings Per Share (EPS) of Rs.25.67.
Written by – Siddesh S Raskar
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