Waste management stocks represent shares in companies that provide essential services such as waste collection, transportation, treatment, and disposal. These companies manage everything from household trash to hazardous materials, playing a key role in environmental health. Often at the forefront of innovative technologies and sustainability efforts, they offer investors the opportunity to benefit financially while contributing to a greener future.
Price to Earnings (P/E) Ratio is a valuation metric indicating the ratio of share price of a stock to its earnings per share. It provides indication whether a stock at its current market price is undervalued or overvalued.
The debt-to-equity (D/E) Ratio is used to evaluate a company’s financial leverage and is calculated by dividing a company’s total debt by its shareholder equity.
Here are some of the Waste Management Stocks with PE less than Industry PE and D/E less than 1:
1. EMS Ltd
The shares of EMS Ltd, with a market capitalization of Rs 3,603.95 Crores on Friday, closed at Rs 649 per share which was 1.2% lower than the previous closing price of Rs 657. The shares generated a return of 25% in the past year, and 129% return since it got listed in September 2023.
The Price to Earnings ratio of EMS Ltd is 19.53 which is less than the Industry average of 23.81 and its Debt to Equity ratio is 0.09.
The Company is engaged in the business of providing sewage solutions, water supply systems, water and waste water treatment plants, Electrical Transmission and Distribution, Road and Allied works, operation and maintenance of Wastewater Scheme Projects (WWSPs) and Water Supply Scheme Projects (WSSPs) for government authorities/bodies.
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2. Antony Waste Handling Cell Ltd
The shares of Antony Waste Handling Cell Ltd, with a market capitalization of Rs 1,575.35 Crores on Friday, closed at Rs 555 per share which was 0.36% lower than the previous closing price of Rs 557. The shares generated a return of 1.3% in the past year, and 90.38% return in the past 3 years respectively.
The Price to Earnings ratio of Antony Waste Handling Cell Ltd is 22.55 which is less than the Industry average of 40.32 and its Debt to Equity ratio is 0.71.
The Company is one of the top five players in the Indian Municipal Solid Waste (MSW) management industry. With its established track record of 17 years, it provides a full spectrum of MSW services which includes solid waste collection, transportation, processing and disposal services across the country, primarily catering to Indian municipalities.
3. Gem Enviro Management Ltd
The shares of Gem Enviro Management Ltd, with a market capitalization of Rs 226.74 Crores on Friday, hit upper circuit and closed at Rs 100.55 per share which was 4.96% higher than the previous closing price of Rs 95.8.
The Price to Earnings ratio of Gem Enviro Management Ltd is 19.98 which is less than the Industry average of 40.32 and it has zero debt.
The company is a Waste Management Agency offering sustainability services to address environmental waste issues. Their services include EPR compliance, scrap management, ESG consulting, BRSR reporting, project advisory, plastic credit management, recycled product sales, and eco-awareness campaigns. They adopt a closed-loop model to reduce environmental impact and also engage in plastic scrap trading.
Written By Adhvaitha Nayani
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