Antony Waste Handling Cell (AWHCL) had a P/E of 14.8× on 6 Nov 2026, above the industry P/E of 13.9×, and the shares are 50% below their 52-week high. Sales and net profit grew 7.2% and 3.5% a year over 3 years, with ROCE of 11% and ROE of 11%. Debt is 0.50× equity, and its dividend yield is 0.2%. It is a small-cap company with a market cap of ₹864 Cr, ranked 2nd of 11 Waste Management companies by market cap; the shares fell 41% over the past year.
- ₹270.85
- ₹309.00
- ₹270.85
- ₹307.00
- 1.9 L
Health check
- ReturnsBehind
−40.6% over a year, better than 2 of 7 peers.
- Price tagIn line
P/E 14.8 vs industry 13.9.
- GrowthSlow
Sales +7.2%, profit +3.5% a year over 3 years.
- ProfitabilityAverage
ROCE 10.6% vs peer median 15.0%.
- Balance sheetFair
Debt 0.50× equity, interest covered 2.8×, Piotroski 7 of 9.
- Red flags2 to check
Quarterly profit down 95.7% on a year ago.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹864 Cr
- Small cap
- P/E
- 14.8
- Industry 13.9
- Price to book
- 1.17
- Peers 2.31
- Dividend yield
- 0.16%
- ROE
- 10.8%
- Peers 11.3%
- ROCE
- 10.6%
- Peers 15.0%
- Debt to equity
- 0.50
- Debt ₹459 Cr
- EPS (TTM)
- ₹20.59
- Face value ₹5
- OPM (TTM)
- 18.1%
- Net margin 5.5%
- Sales growth
- +5.5%
- Latest quarter vs a year ago
- Profit growth
- −95.7%
- Latest quarter vs a year ago
- Price to sales
- 0.81
- EV/EBITDA 7.3
Strengths and risks
Strengths
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly profit down 95.7% on a year ago.
- 50% below its 52-week high.
About Antony Waste Handling Cell
Antony Waste Handling Cell Limited, together with its subsidiaries, engages in the municipal solid waste management business in India. The company offers door-to-door waste collection; smart transportation and fleet management; material recovery and processing facilities; composting and bio-methanation; refuse-derived fuel; waste-to-energy; construction and demolition waste processing; mechanized and non-mechanized sweeping; engineered sanitary landfills;…
- Headquarters
- Thane
- Employees
- 10,316
- Sector
- Industrials
- ISIN
- INE01BK01022
- Website
- antony-waste.com
Price range
- Avg volume (3M)
- 2.3 L
- 1-year return
- minus 40.6%
- From 52-week high
- minus 49.7%
Peers · Waste Management
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| NRLNupur Recyclers | 166.88 | minus 0.18% | 1,153 | 67.3 | 68.6 | 13.7% | 9.1% | 0.23 | 4.9% | plus 141.5% |
| AWHCLAntony Waste Handling Cell | 304.45 | minus 0.83% | 864 | 14.8 | 5.5 | 10.6% | 18.1% | 0.50 | 7.2% | minus 40.6% |
| ECORECOEco Recycling | 395.75 | minus 3.33% | 764 | 32.1 | 24.8 | 26.7% | 59.4% | 0.05 | 39.5% | minus 15.4% |
| ORGANICRECOrganic Recycling Systems | 215.55 | minus 1.28% | 336 | 11.7 | 12.1 | 16.3% | 19.2% | 0.37 | 78.1% | plus 31.0% |
| RACERace Eco Chain | 104.84 | minus 1.78% | 181 | 23.0 | 19.2 | – | 1.5% | 1.04 | 32.0% | minus 49.5% |
| RESGENResGen | 46.00 | 0.00% | 96 | 9.5 | 6.9 | 18.7% | 17.1% | 0.02 | 44.6% | minus 43.3% |
| GEMENVIROGEM Enviro Management | 38.00 | minus 2.54% | 86 | 18.1 | 15.4 | 12.3% | 3.0% | 0.09 | 33.8% | minus 27.8% |
| GANVERSEGanesha Ecoverse | 23.50 | 0.00% | 58 | – | – | −12.1% | 394.1% | 0.34 | 52.7% | minus 31.1% |
| Median of 7 peers | – | −1.28% | 181 | 20.5 | 17.3 | 15.0% | 17.1% | 0.23 | 39.5% | −27.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 247 | 258 | 262 | 286 | 261 | |
| 189 | 202 | 219 | 229 | 223 | |
| 58.4 | 55.6 | 43.4 | 57 | 37.6 | |
| 23.6% | 21.6% | 16.5% | 19.9% | 14.4% | |
| 7.1 | 7.2 | 6.9 | 10.5 | 7.8 | |
| 15.9 | 15.5 | 14.5 | 15 | 21.4 | |
| 20.6 | 21.5 | 22 | 21.6 | 22.3 | |
| −3.4 | −5.6 | −0.7 | −0 | −0.4 | |
| 25.6 | 20.2 | 13.1 | 30.8 | 1.3 | |
| 10.4% | 14.4% | −11.7% | −19.7% | 43.9% | |
| 17.8 | 13.7 | 11.5 | 32.5 | 0.8 | |
| 6.27 | 4.81 | 4.05 | 11.46 | 0.27 |
Profit & loss
- Sales CAGR 3Y
- +7.2%
- Profit CAGR 3Y
- +3.5%
- EPS CAGR 3Y
- +3.4%
- ROE
- 10.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 851 | 864 | 930 | 1,049 | |
| – | +1.6% | +7.7% | +12.8% | |
| 697 | 688 | 721 | 830 | |
| 154 | 176 | 209 | 219 | |
| 18.1% | 20.3% | 22.5% | 20.9% | |
| 10.1 | 11.8 | 10.1 | 14.8 | |
| 17.3 | 30 | 43.1 | 48.8 | |
| 39 | 53.3 | 70 | 85.8 | |
| −5.2 | 5 | 12 | −9.8 | |
| 102 | 109 | 118 | 89.7 | |
| 17.3% | 8.4% | 15.0% | −2.2% | |
| 68.1 | 86.2 | 85.4 | 75.4 | |
| – | +26.6% | minus 1.0% | minus 11.6% | |
| 24.06 | 30.39 | 30.08 | 26.59 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 14.1 | 14.2 | 14.2 | 14.2 | |
| 472 | 560 | 645 | 725 | |
| 355 | 447 | 505 | 459 | |
| 417 | 441 | 491 | 541 | |
| 1,258 | 1,462 | 1,655 | 1,739 | |
| 254 | 347 | 481 | 478 | |
| 61.7 | 43.4 | 62.7 | 40.5 | |
| 1.1 | 1.1 | 1.1 | 1.1 | |
| 70.6 | 83.9 | 131 | 122 | |
| 872 | 986 | 981 | 1,098 | |
| 1,258 | 1,462 | 1,655 | 1,739 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 90 | 140 | 184 | 139 | |
| −260 | −152 | −148 | −55.6 | |
| 149 | 34.7 | 11.5 | −93 | |
| −21.9 | 22.2 | 47.9 | −9.3 | |
| −268 | −153 | −200 | −59.8 | |
| −178 | −13.9 | −15.8 | 79.6 |
Shareholding pattern
- Promoters46.09%
- Public53.89%
- Employee trusts0.02%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 46.09% | 53.89% | 0.00 | |
| 30 Jun 2026 | 46.09% | 53.89% | 0.00 | |
| 31 Mar 2026 | 46.09% | 53.88% | 0.00 | |
| 31 Dec 2025 | 46.09% | 53.88% | 0.00 | |
| 30 Sep 2025 | 46.09% | 53.87% | – |
Major shareholders
Filings & events
News
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