Antony Waste Handling Cell Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹785 Cr
- P/E
- 13.43
- ROE
- 10.86%
- PEG
- 4.03
- Price to sales
- 0.73
- Debt to equity
- 0.62
- 52W high / low
- ₹593 / ₹277
- Sales growth (5Y)
- 17.76%
- EBITDA margin
- 17.58%
- Net profit margin
- 8.76%
- Promoter holding
- 46.08%
- Sales (last year)
- ₹1,067 Cr
Antony Waste Handling Cell Ltd is engaged in the business of mechanical power sweeping of roads, collection and transportation of waste, waste to energy project and undertake the designing, construction, operation and maintenance of the integrated waste management facility in Kanjurmarg, Mumbai.[1] It is one of the top five players in the Indian municipal waste management industry with a track record of ~20 years.[2]
Guidance scorecard · Q1 FY27 call
What Antony Waste Handling Cell Ltd's management guided
and where it ranks in Other Utilities
Other Utilities
RevenueQ1 FY27 call
10–20%- Volume growth expected from new contracts like BMC (approx. 1,500 tons/day) and Atkoli project (600-800 tons/day), with full volumes stabilizing by Q4 FY27.
- Existing portfolio offers 6%-9% growth potential via tipping fee escalations.
- New contracts expected to add 10%-15% additional growth.
- Waste-to-Energy (WtE) and processing segments are strategic focus areas for margin-accretive and capex-intensive growth.
- Collection & Transportation segment continues to grow and contributes significantly but focus is on balancing portfolio towards 50-50 mix between C&T and processing/WtE.
- Full capacity utilization anticipated in Q4 FY27, marking a base for steady volumes going forward.
2 more points from Antony Waste Handling Cell Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Antony Waste Handling Cell Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Antony Waste Handling is focused on expanding waste processing and Waste-to-Energy (WtE) projects, marking a strategic shift toward a more balanced portfolio targeting a 50:50 split between Collection & Transportation (C&T) and processing/WtE.
- The company has ongoing capital investments in the Andhra Pradesh WtE project with land possession at Kadapa and Kurnool, civil designs completed, and civil contractors mobilized; financial closure is near completion.
- They are evaluating investment in Compressed Biogas (CBG) projects under the government’s GOBARdhan scheme as part of integrated waste management.
- New contract wins such as the Greater Noida Industrial Development Authority project for electric mechanical road sweeping machines represent capital-intensive ventures.
2 more points from Antony Waste Handling Cell Ltd's call on capex
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FundraisingQ1 FY27 call
See what Antony Waste Handling Cell Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- The company has secured new contracts contributing to volume growth, including the BMC contract adding around 1,500 tons per day and the Atkoli project adding 600-800 tons per day starting between Q3 and Q4 of the current financial year.
- A significant new contract from Greater Noida Industrial Development Authority for O&M of electric road sweepers worth ₹243 crores over 5 years, expected to commence in Q3 FY27, contributing about ₹46 crores revenue in the first year.
- The existing portfolio offers organic growth of 6% to 9% through tipping fee escalations.
- New business scope is expected to add 10% to 15% additional growth from winning new contracts.
2 more points from Antony Waste Handling Cell Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Other Utilities
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Other Utilities companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹1,488 Cr | 10.8 | |
| 2 | 40%+ | Flat | ₹807 Cr | 56.3 | |
| 3 | 40%+ | Flat | ₹690 Cr | 18.7 | |
| 4 | 40%+ | Flat | ₹334 Cr | 19.6 | |
| 5 | 40%+ | Flat | ₹94 Cr | 7.3 | |
| 6 | 20–40% | Flat | ₹3,521 Cr | 12.3 |
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Pro shows every company guiding 40%+ revenue growth →Full Other Utilities rankingFinancials of Antony Waste Handling Cell Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Antony Waste Handling Cell Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 218 | 202 | 222 | 224 | 217 | 210 | 227 | 221 | 243 | 243 | 247 | 258 | 262 |
| Expenses + | 188 | 169 | 175 | 173 | 173 | 174 | 178 | 179 | 191 | 192 | 192 | 207 | 220 |
| Operating Profit | 29 | 32 | 47 | 51 | 44 | 36 | 49 | 43 | 52 | 51 | 55 | 51 | 43 |
| OPM % | 14% | 16% | 21% | 23% | 20% | 17% | 22% | 19% | 21% | 21% | 22% | 20% | 16% |
| Other Income + | 5 | 7 | 5 | 5 | 6 | 7 | 6 | 6 | 6 | 31 | 7 | 6 | 7 |
| Interest | 6 | 9 | 7 | 7 | 11 | 14 | 13 | 12 | 15 | 15 | 16 | 15 | 14 |
| Depreciation | 10 | 13 | 11 | 11 | 15 | 16 | 17 | 17 | 18 | 18 | 21 | 22 | 22 |
| Profit before tax | 19 | 18 | 35 | 38 | 23 | 13 | 26 | 19 | 25 | 48 | 26 | 20 | 13 |
| Tax % | 14% | 31% | 35% | 18% | 33% | -134% | 17% | 20% | 29% | 5% | 10% | 14% | -12% |
| Net Profit + | 16 | 12 | 23 | 32 | 16 | 30 | 21 | 15 | 18 | 46 | 23 | 17 | 15 |
| EPS in Rs | 4.24 | 3.38 | 6.46 | 9.77 | 4.51 | 9.69 | 6.17 | 4.26 | 5.55 | 14.09 | 6.26 | 4.81 | 4.05 |
Financials of Antony Waste Handling Cell Ltd
Profit & Loss
Annual income statement trend
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 220 | 244 | 276 | 284 | 451 | 465 | 648 | 854 | 866 | 934 | 1,010 |
| Expenses + | 154 | 175 | 206 | 207 | 325 | 350 | 500 | 706 | 693 | 738 | 811 |
| Operating Profit | 67 | 69 | 70 | 76 | 126 | 115 | 148 | 148 | 173 | 195 | 200 |
| OPM % | 30% | 28% | 25% | 27% | 28% | 25% | 23% | 17% | 20% | 21% | 20% |
| Other Income + | 2 | 6 | 14 | 15 | -4 | 16 | 18 | 20 | 29 | 49 | 51 |
| Interest | 24 | 21 | 23 | 25 | 30 | 28 | 20 | 27 | 40 | 56 | 61 |
| Depreciation | 18 | 17 | 13 | 18 | 24 | 31 | 33 | 39 | 53 | 70 | 82 |
| Profit before tax | 27 | 37 | 49 | 48 | 67 | 71 | 113 | 102 | 109 | 118 | 107 |
| Tax % | 16% | 16% | 18% | 27% | 30% | 9% | 20% | 17% | 8% | 15% | |
| Net Profit + | 23 | 31 | 40 | 35 | 47 | 64 | 90 | 85 | 100 | 101 | 101 |
| EPS in Rs | 133.60 | 213.90 | 224.92 | 19.17 | 10.69 | 15.92 | 24.00 | 24.07 | 30.37 | 30.07 | 29.21 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Antony Waste Handling Cell Ltd
Balance Sheet
Capital structure and asset base
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 7 | 13 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves | -41 | -20 | 119 | 143 | 211 | 334 | 403 | 472 | 560 | 645 | 677 |
| Borrowings + | 298 | 281 | 153 | 185 | 209 | 154 | 175 | 355 | 447 | 505 | 471 |
| Other Liabilities + | 67 | 90 | 149 | 168 | 243 | 279 | 352 | 397 | 429 | 476 | 535 |
| Total Liabilities | 325 | 353 | 422 | 503 | 677 | 781 | 944 | 1,238 | 1,450 | 1,641 | 1,697 |
| Fixed Assets + | 117 | 116 | 41 | 166 | 259 | 253 | 238 | 309 | 662 | 721 | 748 |
| CWIP | 51 | 86 | 106 | 23 | 14 | 6 | 61 | 250 | 41 | 56 | 31 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 157 | 151 | 275 | 315 | 404 | 521 | 645 | 680 | 747 | 865 | 918 |
| Total Assets | 325 | 353 | 422 | 503 | 677 | 781 | 944 | 1,238 | 1,450 | 1,641 | 1,697 |
Financials of Antony Waste Handling Cell Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 58 | 63 | 36 | 31 | 108 | 112 | 105 | 90 | 140 | 190 |
| Cash from Investing Activity + | -24 | -44 | 14 | -54 | -116 | -33 | -140 | -260 | -152 | -152 |
| Cash from Financing Activity + | -17 | -45 | -30 | 11 | 14 | -4 | 5 | 149 | 35 | 12 |
| Net Cash Flow | 18 | -26 | 21 | -12 | 6 | 75 | -30 | -22 | 22 | 49 |
| Free Cash Flow | 32 | 16 | 39 | -32 | 1 | 93 | -4 | -177 | -14 | -9 |
| CFO/OP | 93% | 97% | 64% | 59% | 103% | 112% | 85% | 84% | 96% | 113% |
Financials of Antony Waste Handling Cell Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 121 | 134 | 59 | 72 | 70 | 70 | 100 | 92 | 106 | 104 |
| Inventory Days | ||||||||||
| Days Payable | ||||||||||
| Cash Conversion Cycle | 121 | 134 | 59 | 72 | 70 | 70 | 100 | 92 | 106 | 104 |
| Working Capital Days | 83 | 83 | -88 | -86 | -7 | -8 | 7 | 6 | 1 | -20 |
| ROCE % | 21% | 24% | 20% | 26% | 18% | 20% | 15% | 14% | 12% |
Guidance history
How Antony Waste Handling Cell Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | — | Rising |
| Q4 FY26 call → | 10–20% | Flat | Planned | Planned | Rising |
| Q3 FY26 call → | 10–20% | Up 2%+ | Planned | — | Rising |
| Q2 FY26 call → | 10–20% | Flat | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
2 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −48.5% | 6% |
| Last 6 months | −45.5% | 1% |
| Last 3 months | −35.2% | 2% |
The price is 68.6% below its all-time high of ₹881.1 (26 Jul 2024). Stocks more than 20% below their peak have their score halved, so 3 became 2.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Antony Waste Handling Cell Ltd: 0.4 × 6 + 0.4 × 1 + 0.2 × 2 = 3, halved to 2 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Antony Waste Handling Cell Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
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