India’s waste management industry market size is growing at a high rate due to the country’s increasing population density as well as industrial activity, which produces large volumes of both hazardous and non-hazardous waste.
The India Waste Management Market size is expected to reach US$12.9 billion in 2024 and grow at a rate of 6.1 percent from the year 2024 to 2029.
Here are the four small-cap companies in the waste management sector in India.
Gravita India Limited
Share price of the stock jumped by 0.5 percent to Rs. 1,092.45 on BSE in the morning trading session of Friday, compared to its previous closing price of Rs. 1,102.35.
With a market capitalisation of Rs. 7,623.2 crore, Gravita India’s shares have delivered positive returns of around 83.3 percent in one year and nearly 3 percent in the last six months.
The revenue from operations stood at Rs. 863.4 crore in Q4 FY23-24, rising by 15.3 percent YoY from Rs. 749 crore in Q4 FY22-23, accompanied by an increase in the after-tax profit by 8.4 percent from Rs. 64 crore to Rs. 69.4 crore, during the same period.
The company is estimating to increase the capex for its existing verticals from Rs. 98 crore in FY23-24 to Rs. 149 crore by FY26-27, while the capex for its new vertical is estimated to increase to Rs. 100 crore by FY26-27.
Gravita India Limited is engaged in the business of manufacturing and recycling of lead, aluminium & plastic products.
The company carries out smelting of lead ore, lead concentrate, or lead battery scrap to produce primary and secondary lead metal, which is further transformed into pure lead, specific lead alloy, lead oxides and lead products.
Ganesha Ecosphere Limited
Share price of one of the leading PET plastic recycling company in India jumped by 2.2 percent to Rs. 1,185.55 on BSE in the morning trading session of Friday, compared to its previous closing price of Rs. 1,159.7.
With a market capitalisation of Rs. 2,998.42 crore, Ganesha Ecosphere’s shares have delivered positive returns of 15.4 percent in one year and 21.2 percent in the last six months.
The revenue from operations stood at Rs. 305.53 crore in Q4 FY23-24, rising by 1.3 percent YoY from Rs. 301.55 crore in Q4 FY22-23, accompanied by an increase in the after-tax profit by 40.2 percent from Rs. 15.4 crore to Rs. 21.6 crore, during the same period.
Incorporated in 1987, Ganesha Ecosphere Limited engaged in the manufacturing of Recycled Polyester Staple Fiber (RPSF), Dyed yarn and Recycled Spun Yarn and recently ventured into rPET chips and rPET filament yarn.
Tinna Rubber and Infrastructure Limited
Share price of one of the largest recyclers of “end of life tyres” in Asia jumped 3.5 percent to Rs. 1,360 on BSE in the morning trading session of Friday, compared to its previous closing price of Rs. 1,313.95.
With a market capitalisation of Rs. 2,276.42 crore, Tinna Rubber’s shares have delivered multibagger returns of 428.4 percent in one year and 124.3 percent in the last six months.
The revenue from operations stood at Rs. 109.85 crore in Q4 FY23-24, rising by 51 percent YoY from Rs. 72.72 crore in Q4 FY22-23, accompanied by an increase in the after-tax profit by 130.3 percent from Rs. 6.8 crore to Rs. 15.66 crore, during the same period.
Founded in 1977, Tinna Rubber and Infrastructure Limited is engaged in the business of manufacturing reclaimed rubber, crumb rubber, modified bitumen, emulsion etc, and is the only company in the world to have the most Diversified Applications out of waste tyre recycling.
It is also the only company to offer a fully automated mobile plant for Bitumen modification and the largest supplier of Micronized Rubber Powder to the Tyre & Conveyor belt Industry in India.
Antony Waste Handling Cell Limited
Share price of a leading player in the Indian Municipal Solid Waste Management industry jumped by nearly 1.2 percent to Rs. 447.35 on BSE in the morning trading session of Friday, compared to its previous closing price of Rs. 442.3.
With a market capitalisation of Rs. 1,263 crore, Antony Waste’s shares have delivered positive returns of 78 percent in one year, but around 5.2 percent of negative returns in the last six months.
The consolidated revenue from operations stood at Rs. 210.2 crore in Q4 FY23-24, rising by 3.5 percent YoY from Rs. 203.15 crore in Q4 FY22-23, accompanied by an increase in the after-tax profit by 93 percent from Rs. 12.4 crore to Rs. 30.2 crore, during the same period.
Antony Waste Handling Cell Limited provides a wide range of Municipal Solid Waste (MSW) services including solid waste collection, transportation, processing and disposal services across India, majorly catering to municipalities.
Written by Shivani Singh
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