Antony Waste Handling IPO - Capex Driven Business Model, Says Prabhudas Lilladher
A bull dozer spreads trash to make an even layer that will be covered with fresh dirt at the Defiance County Landfill in Defiance (Photographer Ty Wright/Bloomberg)

Antony Waste Handling IPO - Capex Driven Business Model, Says Prabhudas Lilladher

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Prabhudas Lilladher Report

With rising population, increasing urbanization, changing lifestyle patterns and rising disposable incomes, Municipal solid waste (MSW) generation in India is expected to grow at 8.9% compound annual growth rate over FY20-25E.

Consequently, rising need for effective waste management and scientific disposal would lead to MSWM market doubling in size from approximately Rs 50 billion in FY20 to ~Rs 98 billion in FY25E, improving growth prospects of large players like Antony Waste Handling Cell.

The company has a portfolio of 18 ongoing projects which include 12 MSW collection and transportation projects, four mechanized sweeping projects and two MSW processing projects.

Further the portfolio is well diversified across -

  1. nature of services provided,
  2. counterparties,
  3. project duration and
  4. geographical areas.

Click on the attachment to read the full report:

Prabhudas Lilladher Antony Waste Handling Cell IPO Note.pdf

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