| Market Cap | ₹1,184.53 CrSmall Cap |
|---|---|
| TTM Revenue | ₹1,066.85 CrOperating Revenue |
| RSI | 31.13Near Oversold |
| Order from | Greater Noida Industrial Development Authority (GNIDA) |
| Execution period | 5 years (extendable by 2 years) |
| Deal value | ₹243.22 Cr |
| Share of market cap | 20.5% |
| Share of annual revenue | 22.8% |
Key highlights
- Total contract value estimated at ₹243.22 crore over five years
- Scope includes procurement and engagement of Electric Mechanical Road Sweeping Machines
- Contract covers comprehensive O&M for roads under Greater Noida East Zone jurisdiction
- Initial execution period of 5 years with a potential 2-year extension
- Project awarded by a domestic government entity, GNIDA
Details of the GNIDA Contract
The company has received a formal work order for the procurement and engagement of Electric Mechanical Road Sweeping Machines (MRSMs) along with comprehensive Operations and Maintenance services. This contract is specifically designed for the Greater Noida East Zone and carries a total estimated revenue of ₹243.22 crore over its initial five-year term. The agreement includes a provision that allows for a further extension of two years beyond the primary term.
This project underscores the company's focus on integrating electric-powered technology into municipal service contracts to reduce environmental footprints.
Strategic Client Profile
- The Greater Noida Industrial Development Authority (GNIDA) is the statutory body managing the planned development of the region.
- GNIDA is responsible for urban planning, infrastructure development, and municipal maintenance in one of Uttar Pradesh's key industrial hubs.
- The authority's shift toward electric sweeping machines aligns with broader national sustainability and clean-city mandates.
- Securing high-value contracts from established industrial authorities strengthens the company's municipal services portfolio.
Financial Performance and Valuation
Antony Waste Handling Cell currently holds a market capitalization of ₹1,184.53 crore, with its shares trading at a TTM Price-to-Earnings ratio of 20.27. While the company saw a year-on-year revenue growth of 13.07% for the full year, the most recent quarterly net profit witnessed a significant decline of 95.7% YoY. Despite these short-term financial headwinds, the new GNIDA contract provides a steady revenue stream that represents approximately 23% of its current annual operating revenue.
The stock's Relative Strength Index of 31.13 suggests it is currently trading near oversold levels relative to its historical performance.
Waste Management Industry Context
The Indian waste management sector is undergoing rapid mechanization as municipal bodies seek more efficient and sustainable ways to manage urban infrastructure. Antony Waste stands as a key player in this transition, offering comprehensive solid waste management services including collection, transportation, and mechanized cleaning. This contract highlights the growing demand for specialized services in Tier-1 industrial regions like Greater Noida.
As a pioneer in the segment, the company continues to leverage its operational expertise to secure long-term government contracts, which provide high revenue visibility amidst a competitive landscape of private and public service providers.
| Share price | ₹417.35 |
|---|---|
| Market capitalisation | ₹1,184.53 Cr |
| Revenue (annual) | ₹1,053.19 Cr |
| Net profit (annual) | ₹75.45 Cr |
| Revenue (latest quarter) | ₹260.99 Cr-8.67% vs previous quarter |
| Net profit (latest quarter) | ₹0.76 Cr-97.65% vs previous quarter |
| P/E (TTM) | 20.27×Sector 27.69× |
| Promoter holding | 46.09%0.00% QoQ |
| FII holding | 13.08%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Antony Waste Handling Cell Limited announcing the receipt of a contract from Greater Noida Industrial Development Authority. Market figures from a third-party data provider.
