Key Business Operations
Services: Antony Waste offers door-to-door waste collection, mechanized and non-mechanized road sweeping, waste segregation, processing (composting, recycling, refuse-derived fuel), and disposal. It also manages waste-to-energy projects and construction and demolition waste.
Major Projects: The company operates Asia’s largest single-location waste processing plant in Kanjurmarg, Mumbai, handling nearly 90% of Mumbai’s municipal waste (4.66 million metric tonnes in FY24). It serves 24 municipalities, including Brihanmumbai Municipal Corporation (BMC), Navi Mumbai, Thane, Nagpur, and Delhi.
Fleet and Technology: Operates over 1,147 vehicles with advanced technologies like garbage compactors and mechanical sweeping machines sourced from international suppliers like BUCHER Municipal AG.
Financial and Market Highlights
Market Cap: Approximately ₹1,791.48 crore as of May 2025.
Revenue: ₹896.44 crore for FY24, with a consolidated profit of ₹86.21 crore.
Stock Performance: As of May 20, 2025, the stock price was $6.84 (₹627.25 as of May 30, 2025), with a 40.91% increase over the past year and 115.22% over three years. The P/E ratio is 23.67, and the P/B ratio is 2.4.
Order Book: ₹8,300 crore, with management projecting 18-25% revenue CAGR over the next 5 years and EBITDA margins of 22-23%.
Recent Milestone: Secured a ₹1,024 crore, 21-year contract from BMC for Western Mumbai and a bio-mining contract from CIDCO for 8.6 lakh tonnes of legacy waste
. Market Growth Potential
Industry Tailwinds: India’s waste management market is expected to grow at a CAGR of 7-10% over the next decade, fueled by rapid urbanization, rising waste generation (estimated at 1.5 lakh metric tonnes daily by 2030), and government policies like Swachh Bharat Mission and Atmanirbhar Bharat. Antony Waste, as a top-five player, is poised to capitalize on this demand.
Revenue and Profitability Outlook
Projected Growth: Management forecasts an 18-25% revenue CAGR over the next five years, driven by new projects, geographic expansion, and diversification into high-margin segments like waste-to-energy (WTE) and construction & demolition waste management.
Stock and Investment Potential
Stock Performance: The stock has risen 40.91% in the past year and 115.22% over three years (as of May 2025), reflecting investor confidence. A P/E ratio of 23.67 and P/B of 2.4 suggest reasonable valuation compared to sector peers.
Services: Antony Waste offers door-to-door waste collection, mechanized and non-mechanized road sweeping, waste segregation, processing (composting, recycling, refuse-derived fuel), and disposal. It also manages waste-to-energy projects and construction and demolition waste.
Major Projects: The company operates Asia’s largest single-location waste processing plant in Kanjurmarg, Mumbai, handling nearly 90% of Mumbai’s municipal waste (4.66 million metric tonnes in FY24). It serves 24 municipalities, including Brihanmumbai Municipal Corporation (BMC), Navi Mumbai, Thane, Nagpur, and Delhi.
Fleet and Technology: Operates over 1,147 vehicles with advanced technologies like garbage compactors and mechanical sweeping machines sourced from international suppliers like BUCHER Municipal AG.
Financial and Market Highlights
Market Cap: Approximately ₹1,791.48 crore as of May 2025.
Revenue: ₹896.44 crore for FY24, with a consolidated profit of ₹86.21 crore.
Stock Performance: As of May 20, 2025, the stock price was $6.84 (₹627.25 as of May 30, 2025), with a 40.91% increase over the past year and 115.22% over three years. The P/E ratio is 23.67, and the P/B ratio is 2.4.
Order Book: ₹8,300 crore, with management projecting 18-25% revenue CAGR over the next 5 years and EBITDA margins of 22-23%.
Recent Milestone: Secured a ₹1,024 crore, 21-year contract from BMC for Western Mumbai and a bio-mining contract from CIDCO for 8.6 lakh tonnes of legacy waste
. Market Growth Potential
Industry Tailwinds: India’s waste management market is expected to grow at a CAGR of 7-10% over the next decade, fueled by rapid urbanization, rising waste generation (estimated at 1.5 lakh metric tonnes daily by 2030), and government policies like Swachh Bharat Mission and Atmanirbhar Bharat. Antony Waste, as a top-five player, is poised to capitalize on this demand.
Revenue and Profitability Outlook
Projected Growth: Management forecasts an 18-25% revenue CAGR over the next five years, driven by new projects, geographic expansion, and diversification into high-margin segments like waste-to-energy (WTE) and construction & demolition waste management.
Stock and Investment Potential
Stock Performance: The stock has risen 40.91% in the past year and 115.22% over three years (as of May 2025), reflecting investor confidence. A P/E ratio of 23.67 and P/B of 2.4 suggest reasonable valuation compared to sector peers.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.