Antony Waste Handling Cell Ltd IPO – Review, Update
Update
Q1 Numbers 2022-23
Antony Waste Handling Cell Limited – a market leader in the Indian MSW service industry has posted its Q1 numbers today.
Read more about antony waste ipo
REVENUE
On a consolidates basis, the company’s revenue from operations stood at INR 235.11 Cr for the Q1 ending 30 June 2022 as compared to INR 145.36 Cr for the same period last year, registering a growth of 61.75% year-on-year basis
However, on a quarter-on-quarter basis the revenue of the company grew by 24.91% (revenue of INR 188.22 Cr for the period ended 31 March 2022)
Here is a list of antony waste products mix
EXPENSES
Total Expenses of the Company –
INR 20496 Cr as on 30 June 2022,
INR 121.38 Cr as on 30 June 2021,
INR 159.24 Cr as on 31 March 2022
PAT
The Company has registered a profit after tax of INR 28.64 Cr for the Q1 ended 30 June 2022 as compared to INR 22.35 Cr for the same period last year, surging by 28.14% year-on-year basis, while on a quarter-on-quarter basis; the company has registered a PAT of INR 25.42 Cr, a growth of 12.68%
EPS (Basic) stood as follows –
INR 8.20 as on 30 June 2022,
INR 5.93 as on 30 June 2021,
INR 7.09 as on 31 March 2022
Daily Chart –
antony waste share price closed at INR 336 (UP 3.37%) with a volume of 2,00,682 shares on the NSE
The shares of Antony Waste Handling Cell are currently trading at 26% below when compared to its 52-week high of INR 455.
Final Comment: The Company has posted good set of Q1 numbers when compared to Y-O-Y and Q-O-Q basis. Finblab has a positive view on the company.
Must Read: Nifty prediction for August 2022
19 December 2020
Antony Waste Handling Cell Limited – one of the top 5 players in the Indian MSW (Municipal Solid Waste) management industry – is planning to raise INR 300 Cr via IPO [85 Cr Fresh Issue + 215 Cr OFS]
Antony Waste Handling Cell: Company Profile
Incorporated in the year 2001, Antony Waste Handling Cell Ltd is part of the ‘Antony’ group which has diversified business interests, including in the automotive body-building and ancillary industries.
The Company is one of the best 5 players in the Indian Municipal Solid Waste Management industry with a built-up track record of 17 plus years, providing range of MSW services which includes –
(1) solid waste collection,
(2) transportation,
(3) processing and disposal services thru the country, mostly catering to Indian municipalities
The Company is among the key players in landfill construction and management sector with in-house expertise for landfill construction along with its management.
It is also present in the emerging waste management area in India which is MSW based WTE (Source: Frost & Sullivan Report)
Antony Waste Handling: Services
The Company Primarily Undertake:
- MSW Waste Collection & Transportation Projects: which involve door to door collection of MSW from households, slums, commercial establishments and other bulk-waste generators (community bins) from a designated area through primary collection vehicles like compactors, dumper placers and tippers and transportation of these materials, to the processing facility, transfer station or a landfill disposal site;
- MSW Processing Projects: which involves sorting and segregating the waste received from MSW C&T, followed by composting, recycling, shredding and compressing into RDF, as required; and
- Mechanized Sweeping Projects: which involve deploying of power sweeping machines, manpower, comprehensive maintenance, consumables, safe disposal of the waste and any other items required for completion of the cleaning operation of the selected areas, through itself and/or its subsidiaries.
Antony Waste Handling: Projects
The Company is currently undertaking projects for –
- The Municipal Corporation of Greater Mumbai,
- The Navi Mumbai Municipal Corporation,
- The Thane Municipal Corporation,
- The North Delhi Municipal Corporation,
- The Ulhasnagar Municipal Corporation,
- The Mangalore Municipal Corporation, and
- The Greater Noida Industrial Development Authority
It is also at this time undertaking a project for Jaypee International Sports.
In the past, the company has also undertaken projects for (1) Municipal Corporation of Delhi, (2) Municipal Corporation, (3) Gurgaon Amritsar Municipal Corporation, (4) Kalyan Dombivali Municipal Corporation, and (5) Jaipur Municipal Corporation.
Company Strength:
- A prominent service provider in MSW management sector with end-to-end capabilities
- Strong track record of project execution
- A de-risked business model with a diverse portfolio of projects
- A strong base of a modern and well-maintained fleet of vehicles
- Experienced Promoters/Management Team with Strong Business Expertise
Company Strategies:
- Capitalize on the growth opportunities in the MSW management industry by continued focus on bidding for MSW projects
- Continue with a sensible selection of projects and strategically expand its geographical footprint
- Moving up the MSW value chain by increasing its presence in the emerging waste management areas in India like WTE (waste to energy) domain
- Continue to focus on enhancing operational efficiency
Company Promoters:
Jose Jacob Kallarakal,
Shiju Jacob Kallarakal, and
Shiju Antony Kallarakkal
IPO Opening / Closing Date
IPO Details – Price, Minimum Bid and Other
Financial Performance
CONCLUSION
Considering company’s valuation, financial parameters, and the sector potential, FinBlab recommends NEUTRAL ratings (for the time-being) on Antony Waste Handling Cell Limited IPO
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