Antony Waste handling cell limited research report (Multibagger stock)

 Antony Waste handling cell limited

About Antony Waste handling cell limited

 

Antony Waste Handling Cell Limited (AWHCL), promoted by Mr.Jose Jacob, Mr. Shiju Jacob, and Mr.Shiju Antony is one of the leading players in the field of Solid Waste Management services in the country. The group has laid out the history of undertaking waste administration administrations for more than 20 many years. The exercises completed by the gathering incorporate Assortment and transportation (C&T) of MSW, Automated Essential assortment of MSW, Automated Street clearing, Squander Handling, Designing Sterile Landfills, exchanging of Compactors, Unloaders, and so on for conveying MSW, and so on. 

Since the gathering is a finished Waste administration arrangements supplier, it gives a scope of administrations that incorporate, assortment and transportation (C&T) of MSW, Motorized Essential assortment of MSW, Automated Street clearing, Squanders Handling, Designing Clean Landfills, exchanging of Compactors, Unloaders and so on for conveying MSW, Bio-reactor landfill office, and so on. having contracts with different civil bodies across India. 

The organization presently likewise has a WTE project under auxiliary for example Antony Lara Sustainable power Private Restricted (ALREPL) in which it has gone into contract with Pimpri Chinchwad Civil Company with expected initiation of tasks from FY24, post which it will add ~R.50-60 crore of steady income.

Antony Waste handling cell limited result overview

• Our strong waste business has had areas of strength for the initial a half year of the year, we kept a 16% growth in working income of Rs.316 Crores because of a solid purchaser economy, business assortment, MSW landfill volume, and expansion helped cost increment
• During the quarter, we launched our recycling operation at one of the MSW collection sites.
• As part of its cluster-focused business strategy, the company has secured a three-year mechanical power sweeping contract in Nagpur.
• This came as a result of a five-year C&T contract for two Nashik zones, Panchvati and Satpur.
• In the second quarter of FY2023, our MSW C&T business volumes climbed by 8.12% year over year to 0.42 million tonnes.
• For the second quarter of the fiscal year that ends in March 2023, the firm recorded operating revenue at the C&T and processing revenue segment of Rs. 160 crores, up 12% from Q2 FY2022's operating revenue of Rs. 143 cr
• In terms of consolidated EBITDA, the firm saw an 8% increase to Rs. 46 crores in Q2 FY2023 from Rs. 42 crores in Q2 FY2022 with a 22% EBITDA margin for the quarter. 
• In comparison to the same period last year, the company's first-half revenue increased by 12% year over year to Rs. 94 crores, with margins coming in at roughly 21%. 
• The profit before tax for the second quarter increased by 10% to Rs. 31 crores from Rs. 28 crores and by 17% to Rs. 66 crores for the first half. 
• The profit after tax for the quarter increased by 17% to Rs. 28 crores, and for the first half it increased by 22% to Rs. 56 crores.
• Regarding the business results, MSW C&T's revenue climbed by 10% to Rs. 116 crores for the quarter and by 15% for the first half of the year. 
• The growth was due to higher volumes under our current contracts and the acceleration of C&T operations under our more recent contracts. 
• For the quarter, the overall MSW C&T volume increased by 8.1%. Revenue from MSW processing climbed by 19% to Rs.45 crore, and by 17% to Rs.86 crore for the first half.
• As of September 30, 2022, our net debt to equity ratio was kept at 0.3x on the balance sheet. 
• As of September 30, 2022, there were Rs. 289 crore in total debt and Rs. 200 crores in net debt.
• The company's overall credit profile has remained steady, and this is evident in our overall reduction in interest costs, which has seen an average consolidated borrowing cost decline by 330 basis points from 12.7% in March 2021 to 9.4% as of September 2022. 
• Our receivable days are under control, and as of the trailing 12-month period ending in September 2022, we had 72 DSOs.

Stock Price chart analysis

• Stock major support is at 242 level
• Resistance for the stock is at the 331 level
• Stock is trading in a channel
• We need to buy the stock when it touches the lower back of the channel shown in blue color.
• Immediate resistance for the stock is at 331 level.
• Stock is at 325
• Stock has the potential of giving 3 to 5X return in 2 to 3 years

Credit report of Antony Waste handling cell limited

• CARE BBB; Stable

Shareholding Pattern in Antony waste handling cell limited

• Jose Jacob Kallarakal
• Antony Garages Private Limited
• Antony Motors Private Limited
• Shiju Jacob Kallarakal
• Tito Varghese Kallarakkal
• John Jacob Kallarakkal
• Jose Antony Kallarakkal
• Jacob Ouseph Kallarakkal
• Jimmy John Kallarakkal
• Thomas Ouseph Kallarakkal
• Antony Ouseph Kallarkkal
• Poulose Ouseph Kallarakkal
• Edison Thomas Kallarakkal
• Shiju Antony Kallarakkal

FII as investor 

• Guildford (Mauritius) Limited

• Cambridge (Mauritius) Limited

• Massachusetts Institute Of Technology
• 238 Plan Associates LLC

DII as investor

• Sbi Equity Savings Fund
• Sbi Magnum Comma Fund
• Tata AIG General Insurance Company Limited
• Long Term Equity Fund
• Avendus Absolute Return Fund

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