Antony waste share price target 2025, 2030: Hello friends, in this post we are going to analyse a small cap company that is profitable with a solid balance sheet and 99.8% returns in the last one year. You will be surprised to know that it’s a waste management company and not many investors know about it.
Overview of Antony Waste Handling Cell Ltd
We are talking about Antony Waste Handling Cell Ltd. The company was established in 2001 and primarily works in the field of collection and transportation of waste. Antony waste ltd. is a two decade old company and features in top five companies to manage municipal waste.
AWHCL provides services including solid waste collection, transportation, processing and disposal. The company has processed 15.20mmt of waste till date.
AWHCL has worked with 23+ municipal corporations in 9 states.
| About Company | Particulars |
|---|---|
| Company Name | Antony Waste Handling Cell Ltd |
| BSE share code | 543254 |
| NSE share code | AWHCL |
| Sector | Waste Management |
| Headquarters | Thane (Maharashtra) |
| Foundation Year | 2001 |
| Key Person | Jose Jacob Kallarakal (Chairman) |
| Market Cap | ₹ 1,449 Cr. |
| 52 Week high | ₹ 579.25 |
| 52 Week Low | ₹ 241.80 |
| Official Website | Antony waste Website |
Antony Waste Handling projects
- Ninety percent of Mumbai’s garbage is managed by AWHCL, as of the first half of fiscal year 2024 they manage 17 municipal solid waste collection and transport (MSW CT) contracts, three in waste processing, two design-build-operate-transfer (DBOOT) developments as well as five mechanical street cleaning ventures. On average these contracts last 7.7 years.
- AG Enviro Infra Projects Private Limited was chosen by Panvel Municipal Corporation in October 2023 to provide door-to-door trash collection services over five years, with an option to extend for two more. This agreement has an approximate value of Rs 386 crore.
- The company’s Kanjurmarg Waste Processing site in Mumbai operates one of Asia’s most extensive waste treatment plants at one location: it processes 5,800 tons per day at its capacity of 7,500 and houses bioreactors that process 6,500 tons daily, plus 250 for sanitation use; there is also an impressive 1,000 ton daily recovery and composting setup available here.
- The company also ventured into waste-to-energy conversion, opening their inaugural plant in Pimpri, Maharashtra in August 2023 with an initial capacity to convert 800 tons per day of daily waste into 14MW of power for Rs 250 crore and covering 30 acres provided by local government – this marked the first instance of municipal procurement under green energy open access rules! Commercial sales started up again by October 2023 integrating preprocessing, composting, electricity generation and landfill management under its purview.
Antony waste share price target 2025, 2030
Antony Waste share price target table
In this article, we will analyse Antony Waste revenue, net profit, ratios, and other financials to conclude what will be the Antony Waste share price target 2025, 2030.
If you do not want to go through our research and stock analysis, then you can refer to the table below for Antony Waste share price targets.
| Antony Waste price Target | 1st target | 2nd target |
|---|---|---|
| Antony Waste price Target 2024 | ₹ 795.23 | ₹ 802.12 |
| Antony Waste share price Target 2025 | ₹ 990.43 | ₹ 997.28 |
| Antony Waste share price Target 2030 | ₹ 2156.55 | ₹ 2289.30 |
Antony Waste Handling Cell Ltd financial ratios
| Parameter | Value |
|---|---|
| Market Cap | ₹ 1,449 Cr. |
| Current Price | ₹ 510 |
| High / Low | ₹ 579 / 239 |
| ROCE | 15.5% |
| ROE | 15.2% |
| Profit after tax | ₹ 68.3 Cr. |
| Price to Earning | 21.2 |
| Debt | ₹ 402 Cr. |
| Sales growth | 3.07% |
| Profit growth | -13.1% |
| Industry PE | 40.8 |
| Return over 1 year | 99.8% |
Let’s analyse some of the important financial numbers that indicate how well a company is operating.
Antony waste is a small cap company with a market cap of only Rs 1462 crores and current stock price of Rs 515. The stock P/E ratio is 21.4 compared to the industry P/E of 40.8 which means that the share is still undervalued.
Book value per share is Rs 188. The ROCE and ROE of the company are 15.5% and 15.2% respectively and these numbers clearly indicate that the company is using its capital and shareholders equity very well.
Antony Waste’s profit after tax in the last one year was Rs 68.3 crore which is decent for a company of this size. Another positive about the company is the Debt to equity ratio of 0.75 with a total debt of Rs 402 crores. As far as the Debt to equity ratio stays below 1, it is not alarming.
On the negative side the sales growth was only 3.07% last year and the profit growth was -13.1% compared to the year before.
The company has given returns of 99.8% and 20.1% in the last one and three years respectively.
Overall, everything about Antony Waste Handling Cell Ltd appears to be good. The company is making money because it is profitable and it is also providing great returns to the investors as well.
Profit and loss analysis of Antony Waste Handling Ltd
Consolidated Figures in Rs. Crores
| Profit and loss | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|
| Sales | 284 | 451 | 465 | 648 | 856 |
| Expenses | 207 | 325 | 350 | 500 | 708 |
| Operating Profit | 76 | 126 | 115 | 148 | 148 |
| OPM % | 27% | 28% | 25% | 23% | 17% |
| Other Income | 15 | -4 | 16 | 18 | 20 |
| Interest | 25 | 30 | 28 | 20 | 27 |
| Depreciation | 18 | 24 | 31 | 33 | 39 |
| Profit before tax | 48 | 67 | 71 | 113 | 102 |
| Tax % | 27% | 30% | 9% | 20% | 17% |
| Net Profit | 35 | 47 | 64 | 90 | 85 |
| EPS in Rs | 19.17 | 10.69 | 15.92 | 24.00 | 24.07 |
If a company can’t make profit for itself, it usually produces loss for long term investors as well. That is why it is important to analyse the profit and loss numbers of Antony Waste Handling Ltd.
Sales
First let’s talk about the sales of the company which has been increasing consistently for the last 10 years but we will discuss numbers from March 2019 onwards. The sales of the company in March 2019 was only Rs 284 crores which has increased at the rate of 25% every year and in March 2023 the company reported sales of Rs 856 crores.
Expenses
The expenses during this period have also risen but never exceeded the revenue numbers. From Rs 207 crores in March 2019 to Rs 708 crores in March 2023, majority of these expenses include material, manufacturing, employees and other costs.
Operating profit and margins
Antony Waste Handling Ltd operating profit in March 2019 was Rs 76 crores only which almost doubled to Rs 148 crores with a compound profit growth rate of 18%. However the operating profit margins have decreased from 27% to 17% during the last 5 years.
Net profit
After paying off interest of Rs 27 crores and depreciation of Rs 39 crores and 17% taxes, the company has generated a net profit of Rs 85 crores which is a great number for such a small company. Which means that the company is being managed and operated really well.
To conclude the profit and loss statement of Antony waste handling cell ltd, the company is growing in terms of sales, operating profit and net profit. Unlike other companies of this size AWHCL has not reported loss even once in the last 10 years which promises a bright future.
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Antony Waste share price target 2024
| Antony Waste share price target | 1st | 2nd |
|---|---|---|
| 2024 | ₹ 795.23 | ₹ 802.12 |
Antony Waste has one site using byproducts to generate renewable energy fulfilling >80% of energy requirement in operations. The company is targeting to operationalize the second site ny FY24. This is why we have high hopes from the company and we estimante Antony Waste share price target for 2024 to be Rs 795.23.
Antony Waste share price target 2025
| Antony Waste share price target | 1st | 2nd |
|---|---|---|
| 2025 | ₹ 990.43 | ₹ 997.28 |
As per our analysis Antony Waste share price target for 2025 will be Rs 990.43.
Antony Waste share price target 2030
| Antony Waste share price target | 1st | 2nd |
|---|---|---|
| 2030 | ₹ 2156.55 | ₹ 2289.30 |
Antony Waste handling cell ltd’s financial strength makes it eligible to bid for most projects in MSW (Municipal Solid waste management) sector. However the company only bids for the projects that are viable. Apart from that the company is focusing on selling recyclables and RDF as an added source of revenue.
Due to the high opportunities in this sector Antony waste handling cell ltd will keep increasing its sales and that is why Antony Waste share price target for 2030 would be ₹ 2156.55.
Balance Sheet of Antony waste handling cell ltd
Consolidated Figures in Rs. Crores
| Balance Sheet | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 |
|---|---|---|---|---|---|---|
| Equity Capital | 7 | 13 | 14 | 14 | 14 | 14 |
| Reserves | 143 | 211 | 334 | 403 | 472 | 519 |
| Preference Capital | 0 | 0 | 0 | 0 | 0 | |
| Borrowings | 185 | 209 | 154 | 175 | 355 | 402 |
| Other Liabilities | 168 | 243 | 279 | 352 | 397 | 438 |
| Total Liabilities | 503 | 677 | 781 | 944 | 1,238 | 1,373 |
| Fixed Assets | 166 | 259 | 253 | 238 | 309 | 622 |
| CWIP | 23 | 14 | 6 | 61 | 250 | 50 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 315 | 404 | 521 | 645 | 680 | 701 |
| Total Assets | 503 | 677 | 781 | 944 | 1,238 | 1,373 |
Equity capital
The equity capital of Antony waste handling cell ltd was Rs 7 crores in March 2019 and then it doubled to 14 crores in March 2021 which could be due to a fund raise or a fresh issue of shares. Since then the equity capital has stayed at 14 crores.
Reserves
The reserves have almost tripled since March 2019 from Rs 143 crores to Rs 472 crores in September 2023 which shows improved profits which have been retained by the company. Having higher reserves means that the company is ready for the bad times.
Borrowings and other liabilities
On the other hand, the company’s debt has more than doubled from Rs 185 crores to Rs 402 crores which includes long term borrowing of Rs 261 crores and short term borrowings of Rs 90 crores.
Antony waste handling cell ltd other liabilities are Rs438 crores which were only Rs 168 crores in March 2019.
Assets
Now let’s talk about the assets of the company which include Rs 622 crores worth of fixed assets and Rs 701 crores of other assets which makes it a total of Rs 1373 crores.
In summary, Antony Waste Handling Cell Ltd shows great trends in terms of reserves, equity and assets. The liabilities and borrowings have risen at a lesser pace than the assets. All these positives show that the company is run by great minds who understand this business well and can make excellent financial decisions.
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Shareholding pattern of Antony Waste Handling Cell Ltd
Numbers in percentages
| Shareholder | Mar 2021 | Mar 2022 | Mar 2023 | Dec 2023 |
|---|---|---|---|---|
| Promoters | 46.23% | 46.23% | 46.23% | 46.07% |
| FIIs | 28.20% | 11.76% | 11.97% | 12.39% |
| DIIs | 6.42% | 6.67% | 6.13% | 6.08% |
| Public | 19.16% | 35.34% | 35.68% | 35.26% |
| Others | 0.00% | 0.00% | 0.00% | 0.17% |
| No. of Shareholders | 58,229 | 65,781 | 55,713 | 50,353 |
Let’s have a look at the shareholding trends of Antony Waste Handling Cell Ltd’s shareholding pattern to assess what major investors think about the company.
Promoters
Promoters of the company have kept their share consistent at 46.07% since March 2021 which shows that they trust the company and expect good returns in future as well. Major shareholding promoters include names like Jose Jacob Kallarakal, Antony Garages private Ltd and Antony Motors private ltd.
Foreign Institutional Investors (FIIs)
FIIs held a 28.20 stake in the company in March 2021 and then they reduced it to 11.76% in March 2022 and now their share stands at 12.39%. This is a significant share by the FIIs and is a really positive sign for the investors who seek FIIs presence before investing.
Domestic Institutional Investors (DIIs)
DIIs share has been pretty much the same since 2021. Right now DIIs hold 6.08% of the company. DIIs and FIIs do extensive research before investing in any company and that is why long term investors trust such companies.
Public Shareholding
Public shareholding has increased from 19.16% in 2021 to 35.26% in 2022 and has remained there. This increase is because of the share sold by FIIs which was taken by the general shareholders.
Overall the shareholding of the company shows that promoters, FIIs and DIIs trust the company and expect bright returns in future.
Conclusion
In conclusion the Antony Waste Handling Cell Ltd has almost doubled the investors money in the last one year. The company is profitable and the profits have been rising as well. The sales and profit growth is the first thing investors look for in a company. The Debt to Equity ratio of less than 1 shows that the company is well equipped to pay its borrowings. The reserves have increased and so have the fixed assets. This is not a buy or sell recommendation but if you ask us, this is an excellent investment for the long term. You can trust the company because it has not reported any losses in the last 10 years. We give Antony Waste Handling Cell Ltd a huge thumbs up. .
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