Antony Waste Handling Cell Ltd. share price target

We present an investment idea on Antony Waste Handling Cell (AWHCL) with a fair value range of Rs490-520. The company is at the forefront of India's Municipal Solid Waste (MSW) management industry (primarily caters to Indian municipal corporations) with an established track record of over two decades and is present across the entire spectrum of MSW services, including solid waste collection, transportation, and processing &disposal services. Given the company's proven abilities in the sharply rising MSW arena across India due to rising urbanization and...

The company primarily undertakes specialised MSW collection & transportation (C&T;) projects, MSW processing projects and mechanised sweeping projects for municipalities and private players. Having undertaken more than 25 projects as of November 15, 2020, of which 18 are ongoing, Antony has demonstrated a track record of a comprehensive service provider equipped with the resources to handle large-scale projects for municipalities and private players. Its portfolio of 18 ongoing projects as on November 15, 2020, comprises 12 MSW C&T; projects, two MSW processing...

issues. However, we remain cautious on its long term growth based on factors like large dependency on projects from State government authorities primarily Municipal Corporations (unstable budget allocation for MSW management), highly competitive market (with presence of local, national and global players), untested and still emerging business model, huge capex...

issues. However, we remain cautious on its long term growth based on factors like large dependency on projects from State government authorities primarily Municipal Corporations (unstable budget allocation for MSW management), highly competitive market (with presence of local, national and global players), untested and still emerging business model, huge capex...

Antony Waste Handling Cell Limited (AWHCL) is one of the top five players in the Indian Municipal Solid Waste (MSW) Management industry, providing a full spectrum of MSW services. It chiefly caters to municipal bodies, and has undertaken more than 25 large-scale projects over the course of nearly 2 decades, of which 18 are ongoing. The Company provides a full range of MSW management services including Collection & Transfer (C&T;), mechanized sweeping, waste processing and waste-to-energy. The current portfolio of projects comprise 12 C&T; projects, two MSW processing projects and four mechanized sweeping projects. The project portfolio is diversified across multiple municipalities in urban and semi-urban areas, thus minimizing counter-party risk. The projects also have different time periods and thus expire at different times, creating a...

IPO NOTE

Incorporated in 2001, Antony Waste Handling Cell Limited (AWHCL) is engaged in offering Municipal Solid Waste (MSW) management services. Company are one of the top five players in the Indian MSW management industry with an established track record of more than 19 years, providing full spectrum of MSW services which includes solid waste collection, transportation,