Buy Antony Waste Handling Cell, target price Rs 738: Hem Securities

Hem Securities has a buy call on Antony Waste Handling Cell with a target price of Rs 738. The current market price of Antony Waste Handling Cell is Rs 632.4. Antony Waste Handling Cell Ltd., incorporated in 2001, is a Small Cap company with a market cap of Rs 1799.43 crore, operating in General sector.

Antony Waste Handling Cell's key products/revenue segments include Income From Provisions of Services, Other Operating Revenue and Scrap for the year ending 31-Mar-2024.

Financials

For the quarter ended 30-09-2024, the company has reported a Consolidated Total Income of Rs 227.18 crore, down -2.44% from last quarter Total Income of Rs 232.86 crore and down -1.36% from last year same quarter Total Income of Rs 230.31 crore. The company has reported net profit after tax of Rs 15.32 Crore in latest quarter.

The company's top management includes Mr.Jose Jacob Kallarakal, Mr.Shiju Jacob Kallarakal, Mr.Shiju Antony Kallarakkal, Ms.Priya Balasubramanian, Mr.Suneet K Maheshwari, Mr.Ajit Kumar Jain. Company has Walker Chandiok & Co. LLP as its auditors. As on 30-09-2024, the company has a total of 3 Crore shares outstanding.

Investment Rationale
Hem Securities says Antony waste is one of the leading Municipal solid wastes (MSW) management companies in India. Its rich experience and expertise in this field, fully integrated operations, strong order book, and a healthy balance sheet makes us positive on the company. The company is trading at 15.3 times its FY26E earnings which they believe is quite attractive. The brokerage values the company at 18 times its FY26E EPS of 41, to arrive at a target price of Rs 738 implying an upside of 18%.

Promoter/FII Holdings
Promoters held 46.07 per cent stake in the company as of 30-Sep-2024, while FIIs owned 11.36 per cent, DIIs 4.01 per cent.