The waste management company’s share opened flat in today’s trading session and gained 5 percent during the market hours.
With a market capitalization of Rs. 1,041.96 cr, the shares of Antony Waste Handling Cell Ltd started their Thursday trading session flat at Rs. 360 and went to hit an intraday high of Rs. 389 making a gain of around 5 percent.
Such a positive move was seen after the company in an exchange filing informed that the company’s subsidiary AG Enviro Infra Projects Pvt Ltd had received a contract worth 386 cr from Panvel Municipal Corporation.
The purpose of the contact was to collect door-to-door solid waste and transportation of Municipal solid waste. The contract is worth 386 cr and it is executed for a period of 7 years (5 years period along with option for a 2 years extension).
Digging into the company’s financials, the revenue was recorded at Rs. 221.99 cr in the June quarter. And net profit of the company was Rs. 18.27 cr during the same period.
Looking at the important financial ratio of the company, the Return on Equity (RoE) decreased from 23.65 percent in FY21-22 to 18.75 percent in FY22-23. In addition, Return on Capital Employed (RoCE) also decreased from 24.55 percent to 18.09 percent during the same period. Moreover, the debt-to-equity ratio of the company increased from 0.41 times during FY 21-22 to 0.72 times during FY 22-23.
According to the latest shareholding pattern, Promoters have 46.23 percent stake in the company, the public has 33.90 percent of holdings, FIIs hold 13.77 percent of shares in the company, and the remaining 6.10 percent is with DIIs.
Antony Waste Handling Cell Ltd, a part of the Antony group, has diversified business interests, including automotive body-building and ancillary industries. The company is one of the top five players in the Indian Municipal Solid Waste (MSW) management industry with an established track record of 17 years.
Written By Vaibhav Patil
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