Equirus Securities has issued a long call on Antony Waste Handling, setting a target price of ₹720 per share. The brokerage is optimistic about the company’s growth potential, driven by operational efficiency and new business opportunities.
Key Highlights:
- Steady Revenue Performance: The company’s revenue for H1FY25 remained flat YoY, with a total tonnage handled at approximately 2.37 million tonnes.
- Growth in C&T Division: The Collection and Transportation (C&T) division handled 0.96 million tonnes during H1FY25, marking a 7% YoY growth and showcasing resilience in its core operations.
- Future Earnings Drivers: Antony Waste Handling’s earnings are expected to gain momentum from potential new C&T contract wins and incremental volumes at the Kanjurmarg project, which could further enhance its results.
- Improved Margins: The company’s Core EBITDA margin improved to 21.1% in H1FY25, compared to 19.5% in H1FY24, reflecting operational efficiency and cost management.
Equirus Securities remains confident in Antony Waste Handling’s ability to deliver sustainable growth, supported by its expanding operations and strong execution capabilities.
Disclaimer: This article is for informational purposes only. Please consult a certified financial advisor before making any investment decisions.