Buy Antony Waste Handling Cell, target price Rs 406: HDFC Securities

Buy Antony Waste Handling Cell, target price Rs 406: HDFC Securities
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Synopsis

Antony Waste Handling Cell Ltd., incorporated in the year 2001, is a Small Cap company (having a market cap of Rs 950.31 Crore) operating in General sector.

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Company reported net profit after tax of Rs 23.61 Crore in latest quarter.

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HDFC Securities has buy call on Antony Waste Handling Cell with a target price of Rs 406. The current market price of Antony Waste Handling Cell is Rs 339.1. Time period given by analyst is six months when Antony Waste Handling Cell Ltd. price can reach defined target.

Antony Waste Handling Cell Ltd., incorporated in the year 2001, is a Small Cap company (having a market cap of Rs 950.31 Crore) operating in General sector.

Antony Waste Handling Cell Ltd. key Products/Revenue Segments include Income From Provisions of Services for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 158.45 Crore, up 5.85 % from last quarter Total Income of Rs 149.70 Crore and up 32.53 % from last year same quarter Total Income of Rs 119.56 Crore. Company reported net profit after tax of Rs 23.61 Crore in latest quarter.


Investment Rationale
Management has guided that they expected the company to grow by 20-25% CAGR over next 2- 3 years and there could be a strong growth in the order wins during the same time. The company is trading at a decent valuation of 14x / 11.3x FY23E /FY24E adjusted earnings.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.

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