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Waste management and recycling companies play a crucial role in promoting environmental sustainability by efficiently managing and repurposing waste materials. In recent years, these companies have garnered attention, driven by increasing urbanisation, environmental consciousness, and stricter regulations from investors and stakeholders alike due to their contribution to mitigating environmental concerns and their potential for financial growth. The market is expected to reach Rs 1.5 lakh crore by 2025, presenting lucrative opportunities for investors.
Here’s a detailed look at some prominent players in this industry.
The company has a market capitalisation of Rs 2,266 crore and trades at Rs 798 per share. It has a price-to-earnings (P/E) ratio of 26.3, with a return on capital employed (ROCE) of 13.9% and a return on equity (ROE) of 16.3%. The company’s debt-to-equity ratio stands at 0.78. Over the past three years, Antony Waste has achieved a sales growth of 23.4% and a profit variance of 24.2%. The company focuses on managing municipal solid waste in various Indian cities to enhance waste collection efficiency and reduce landfill reliance.
The company operates with a market cap of Rs 1,490 crore and a current price of Rs 772. It has a high P/E ratio of 81.7, reflecting its significant ROCE of 37.2% and ROE of 32.6%. The company’s debt-to-equity ratio is notably low at 0.09. Eco Recycling has reported a 30.3% growth in sales over three years and an impressive 191% increase in profit. The company is involved in corporate e-waste management, partnering with large corporations to establish e-waste collection and recycling programs.
The company has a market capitalisation of Rs 176 crore and a trading price of Rs 407. With a P/E ratio of 25.0, the company reports a ROCE of 38.5% and an exceptionally high ROE of 126%. Its debt-to-equity ratio is 1. Urban Enviro has achieved a 86.8% sales growth and a 105% profit variance over the past three years. The company’s operations include door-to-door waste collection from various sectors and transportation to processing facilities.
The company has a market cap of Rs 11,591 crore and trades at Rs 1,679. Its P/E ratio is 45.6, with a ROCE of 27.6% and an ROE of 33.5%. The company’s debt-to-equity ratio is 0.65. Gravita has experienced a 30.9% growth in sales over three years and a 61.3% profit variance. Gravita specializes in lead-acid battery recycling and offers turnkey solutions in this sector.
The company has a market capitalisation of Rs 4,259 crore and a current price of Rs 767. The company’s P/E ratio is 27.9, with a ROCE of 30.3% and an ROE of 23.7%. Its debt-to-equity ratio is 0.09. EMS Ltd has achieved a 33.9% sales growth and a 28.5% profit variance over three years. The company is involved in the operation of sewage treatment plants (STPs), common effluent treatment plants (CETPs), and tertiary treatment plants.
The company operates with a market cap of Rs 317 crore and a price of Rs 306. It has a P/E ratio of 44.1, a ROCE of 18.4%, and an ROE of 20.9%. The company’s debt-to-equity ratio is 2.38. Baheti has reported a 50.0% growth in sales and a 148% increase in profit over three years. The company’s primary activity involves the collection and processing of aluminum scrap.
The company has a market capitalisation of Rs 381 crore and trades at Rs 306 per share. With a P/E ratio of 76.1, the company’s debt-to-equity ratio is very low at 0.04. Details on ROCE and ROE are not available. Felix specializes in zero liquid discharge systems, water recovery systems, and effluent recycling systems.
The company has a market cap of Rs 609 crore and trades at Rs 88.7. The company has a P/E ratio of 64.4, a ROCE of 13.8%, and an ROE of 9.08%. Its debt-to-equity ratio is 0.16. Nupur Recyclers is known for its metal scrap processing operations.
The company operates with a market cap of Rs 690 crore and a current price of Rs 420. The company’s P/E ratio is high at 439, with a ROCE of 11.3% and an ROE of 7.34%. Its debt-to-equity ratio is 1.91. Race Eco Chain is the largest aggregator of PET plastic bottle waste in India, handling approximately 100,000 MT per annum.
The company has a market capitalisation of Rs 8,472 crore and trades at Rs 1,362. It has a P/E ratio of 34.5, with a ROCE of 20.5% and an ROE of 14.5%. The company’s debt-to-equity ratio is 0.16. Sales growth over three years is minimal at 0.26%, with a profit variance of 34.6%. Va Tech Wabag focuses on industrial wastewater treatment.
The company has a market cap of Rs 336 crore and a current price of Rs 19.1. The company has a negative ROCE of -20.0% and a negative ROE of -132%. Its debt-to-equity ratio is very high at 6.15. A2Z Group’s sales have declined by 2.17% over three years, with a profit variance of 12.6%. The company operates Asia’s largest single-location Integrated Resource Recovery Facility (IRRF) in Kanpur, producing compost from organic waste.
The company has a market capitalisation of Rs 3,083 crore and trades at Rs 1,800. It has a P/E ratio of 76.5, with an ROCE of 32.6% and an ROE of 36.0%. The company’s debt-to-equity ratio is 0.67. Tinna has reported a 40.8% growth in sales and a remarkable 597% increase in profit over three years. Its core activity involves the recycling of approximately 60,000 MT of passenger radial tyres annually.
The above metrics are recorded on July 25, 2024
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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