India’s waste management sector is rapidly evolving, driven by a growing population, urbanization, and increasing environmental awareness. This industry plays a crucial role in addressing the challenges posed by the country’s significant waste generation, which amounts to approximately 62 million tonnes annually, with municipal solid waste (MSW) being a major component.
As urbanization continues and awareness of waste management issues grows, companies in this sector are well-positioned to benefit from increased demand for their services.
Listed below are such waste management stocks with debt equity of less than 1:
With a market capitalization of Rs. 2,022 crores, the shares of Eco Recycling started Friday’s trading session on a lower note at Rs. 1,014 compared to its previous close of Rs. 1,021.20.
During the trading session, the shares hit a high of Rs. 1,069, gaining around 3 percent and closed the day at Rs. 1,047.80 apiece.
Looking at the company’s financial performance, the revenue zoomed by around 42 percent from Rs. 8.05 crores in the March quarter to Rs. 11.40 crores in the June quarter. In addition, the net profits magnified by 394 percent from Rs. 1.65 crores to Rs. 8.15 crores during the same period.
In terms of key financial metrics, the company reported a Return on Equity (RoE) of 27.86 percent and a return on capital employed (RoCE) of 30.66 percent for the period spanning FY23-24. Further, the net profit margin stood at 65.04 percent during the same timeframe.
Additionally, during the same timeframe, the company has a low debt-to-equity ratio of 0.07 percent which means it has not relied much on debt to fund its operation.
The company enjoys a near-monopoly position with limited competition, it is the first and leading e-waste management company in India, offering end-to-end solutions.
With a market capitalization of Rs. 17,643 crores, the shares of Gravita India started Friday’s trading session on a higher note at Rs. 2,349 compared to its previous close of Rs. 2,330.75.
During the trading session, the shares hit a high of Rs. 2,631.90, gaining around 10 percent and closed the day at Rs. 2,558 apiece.
Coming onto the company’s financial statements, the revenue increased by 5 percent from Rs. 863 crores in Q4FY24 to Rs. 908 crores during Q1FY25. On the other hand, the net profits declined marginally by around 1.4 percent from Rs. 69 crores to Rs. 68 crores during the same period.
In terms of key financial metrics, the company reported a Return on Equity (RoE) of 28.56 percent and a return on capital employed (RoCE) of 29.08 percent for the period spanning FY23-24. Further, the net profit margin stood at 7.66 percent during the same timeframe.
Moreover, during the same timeframe, the company has a low debt-to-equity ratio of 0.65 percent which means it has not relied much on debt to fund its operation.
The company’s business is organized across four specialized verticals: Lead Recycling (flagship), Aluminum recycling, Plastic recycling and Turnkey projects. The company also has expertise in the recycling of used batteries, cable scrap/other Lead scrap, Aluminum scrap, Plastic scrap, etc.
With a market capitalization of Rs. 2,010 crores, the shares of Antony Waste Handling Cell started Friday’s trading session on a flatter note at Rs. 690 compared to its previous close of Rs. 686.75.
During the trading session, the shares hit a high of Rs. 711, gaining around 3 percent and close the day at Rs. 707 apiece.
Looking at the company’s financial statements, the revenue jumped by around 8 percent from Rs. 210 crores during the March quarter to Rs. 227 crores in the June quarter. Contrastingly, the net profits decreased by 30 percent from Rs. 30 crores to Rs. 21 crores during the same timeframe.
In terms of key financial metrics, the company reported a Return on Equity (RoE) of 15.02 percent and a return on capital employed (RoCE) of 12.88 percent for the period spanning FY23-24. Further, the net profit margin stood at 11.44 percent during the same timeframe.
Additionally, during the same timeframe, the company has a low debt-to-equity ratio of 0.78 percent which means it has not relied much on debt to fund its operation.
Antony Waste Handling Cell is a leading player in the Indian MSW management industry, offering a comprehensive range of services from waste collection to disposal.
Written By Vaibhav Patil
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