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    Waste Management
Antony Waste Handling Cell Limited

Antony Waste Handling Cell Limited

AWHCL.BO
Antony Waste Handling Cell LimitedIN flagBombay Stock Exchange
459.20
INR
-23.55
- -
13.01BMarket Cap
Antony Waste Handling Cell Limited
AWHCL.BO
(Bombay Stock Exchange)

Recent

price

459.20

P/E

ratio

- -

div

yld

- -

ROIC.AI

2016
2017
2018
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
88.87
107.55
108.58
158.86
176.01
228.35
300.63
304.69
329.22
- -
371.17
Revenue per Share
6.71
11.96
12.69
9.67
17.14
24
24.06
30.4
30.1
- -
26.59
Basic EPS, GAAP
8.72
2.38
17
0.07
35.31
-1.37
-62.83
-4.92
-5.59
- -
- -
Free Cash Flow per Basic Share
- -
2.58
1.46
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-28.74
-17.09
-4.7
27.42
47.01
68.05
92.23
122.23
152.34
- -
5
Book Value per Share
13.51
14.96
26.13
59.1
118.12
127.1
99.33
123.58
175.88
- -
215.01
Tangible Book Value per Share
26
26
26
28
26
28
28
28
28
- -
28
Basic Weighted Avg Shares
2,272
2,750
2,776
4,494
4,625
6,459
8,507
8,640
9,336
10,532
10,532
Sales/Revenue/Turnover
21.77
19.87
22.12
23.89
18.25
17.86
13.48
14.15
14.63
12.21
12.21
Operating Margin (%)
136
111
125
242
312
333
390
533
700
858
858
Depreciation Expense
172
306
325
274
450
679
681
862
854
754
754
Net Income, GAAP
20.4
7.39
14.39
29.56
9.24
19.78
17.33
8.43
15.01
- -
24.86
Effective Tax Rate (%)
7.55
11.12
11.69
6.09
9.74
10.51
8
9.98
9.14
7.16
7.16
Profit Margin (%)
-65
-364
-317
272
1,175
1,055
861
885
810
775
775
Working Capital
1,196
1,063
806
1,482
878
1,056
2,626
3,355
3,603
2,993
2,993
LT Debt
930
1,309
1,724
2,999
4,426
5,327
6,168
7,184
8,192
9,152
9,152
Total Equity
- -
21.31
19.92
19.2
13.9
14.3
11.5
10.65
9.44
- -
10
Return on Invested Capital (%)
- -
28.08
22.04
9.83
13.52
13.28
10.71
11.87
11.54
- -
8.59
Return on Capital (%)
- -
- -
- -
- -
44.8
42.97
30.03
28.38
21.93
33.82
33.82
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
1,451
- -
1,592
LT Borrowings
2,977
- -
2,702
LT Finance Leases
281
- -
292
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
28
- -
28
Market Capitalization
15,311
13,781
10,761

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
4,846
- -
5,088
Cash, Cash Equivalents & STI
1,379
- -
1,732
Accounts Receivable, Net
3,174
- -
3,221
Inventories
122
- -
- -
Total Current Liabilities
3,952
- -
4,313
Payables & Accruals
- -
- -
- -
ST Debt
1,451
- -
1,592
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
15.67%
11.71%
Free Cash Flow
- -
737.74%
-602.26%
Net Income, GAAP
- -
13.01%
-11.61%
Sales/Revenue/Turnover
- -
18.76%
12.81%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,213
2,243
2,172
2,013
8,640
2025
2,270
2,212
2,427
2,427
9,336
2026
2,473
2,577
2,624
2,858
10,532

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6.46
9.77
4.53
- -
30.4
2025
6.17
4.26
5.56
14.1
30.1
2026
6.27
4.81
4.05
11.46
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Antony Waste Handling Cell Limited engages primarily in municipal solid waste (MSW) management services across India. The company’s core offerings include comprehensive MSW collection and transportation services through a large fleet of vehicles; waste processing and treatment services such as sorting, segregation, compost production, recycling, refuse-derived fuel (RDF) generation, and bio-waste remediation; integrated waste management facility design, construction, operation, and maintenance; municipal hygiene solutions including deep cleaning and pest control services; power sweeping of roads; and construction and demolition (C&D) waste management. It serves municipal corporations and other bulk waste generators across key urban centers including Maharashtra, Delhi, and South India. Founded in 2001 and headquartered in Thane, Maharashtra, Antony Waste is part of the Antony Group, which also has interests in manufacturing specialized vehicles and other ancillary automotive products for waste management. Recent developments include significant expansion in waste-to-energy (WtE) projects, with two major 15 MW WtE projects awarded in Andhra Pradesh, valued at approximately INR 3,200 crore under 20-year concession agreements. The company is progressing with operational ramp-up of these projects alongside ongoing municipal contracts that have driven 16% year-on-year revenue growth as of Q2 FY26. It also achieved meaningful increases in its waste processing volumes and RDF sales, supporting its strategic focus on circular economy solutions and sustainability. In 2024, Antony Waste rationalized its corporate structure through scheme mergers of wholly owned subsidiaries into its material subsidiary to unlock operational synergies. Moreover, the company launched construction and debris waste processing projects in Mumbai and increased power sales in Pimpri Chinchwad Municipal Corporation (PCMC). Commercial operations commenced at a biomining site operated under a new contract, reflecting broad diversification within urban environmental services. The company continues to focus on cost optimization, margin expansion, and asset utilization to sustain profitability and expand its project pipeline across India’s growing municipal and environmental infrastructure sectors.