Antony promoter interview with small-cap spotlight
Here is the link of the interview
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EcoGreen Energy Pvt. Ltd. Competitor of Antony starting W2E plant in Noida. establishing a 25 MW Waste to Energy plant in Haryana Approx cost - 500Cr.
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Hi! While I do feel Antony Waste is undervalued like most utilities in India currently, some of their newly listed SME IPO competitors seem promising as well.
There is a TON of more risk- of fraud, inexperienced promoters, illiquidity, no scale economies etc- in these smaller SME competitors, but they show great cash flow and some are bagging good orders. Time will tell if they can execute those.
DISC: Exited AWHCL after a small loss last year, and entered into a diversified mix of their SME competitors like Urban Enviro, etc.
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Antony has been doing this business since many years. Means, I am not sure since when these other SMEs are in business( frankly I have not studied them). But at CMP of 600, it looks like Heads I Win and Tails I don’t loose much.
Invested at 600 and Biased
dr.vikas
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Meanwhile, the BMC has also proposed to introduce user charges for Solid Waste Management (SWM) to ensure financial sustainability and smooth waste management operations. Currently, the civic body is seeking legal opinion on the implementation of the new fees, following which a decision will be taken to amend the present SWM Sanitation and Cleanliness Bylaws of 2006.
I believe this is what markets liked about this budget regarding Antony.
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a5d8aac2-29f7-49bd-af3c-6b1cab94e1b1.pdf (542.7 KB)
90facfe1-7168-47f7-a849-beba49175eef.pdf (265.8 KB)
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This looks like a very interesting development.
Bigger company AG Enviro Infra is getting merged into smaller company Antony Waste.
https://www.bseindia.com/xml-data/corpfiling/AttachLive/8ae739a9-1ad2-4c49-a15e-8b0d78f4f208.pdf
Invested around 500 levels and 3% of my portfolio.
dr.vikas
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Any reason why because anyways revenue was getting added in consolidated revenue right?
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AG Enviro was already a wholly owned subsidiary of Antony. Not much to read here.
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Cleaning services at doorstep now being provided by Antony it will help in diversifying from only depend on B2G revenues.
New service will include residential cleaning, commercial cleaning and pest management services. Click 2 clean is name of initiative looking forward how this affect company cash flow as from lumpier before it will lot less lumpy and maybe consistent on back of these contracts.
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I doubt so because there are a lot of companies offering those solutions and most of them go through urban company .
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I disagree but let’s agree on disagreeing.
In my opinion it will be geography wise some might prefer stable partner for contracts and different companies can serve different parts of country.
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The company seems to have a cashflow problem. Free Cash Flow 5Yrs
₹ -105 Cr.
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its not necceserily a liquidity problem,its just that ki industry is capex heavy and company is in expansion phase so its due to heavy investments not losses,better to keep an eye on revenues if investments start generating returns, cash flow can improve in the future.
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Antony Waste Handling Stock Analysis: Why Are Return Ratios Falling? | Know Your Company
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It reaffirms what the management had mentioned.
The investment in the Kanjurmarg plant is complete and capex is done. We should be able to see earnings growth in this year.
Edit - guidelines
Edit 2 - typos
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Can somebody help me understand the sharp increase in loans and advances? (While other asset items have decreased)
I tried to make out sense of this number by looking at their presentation, but couldn’t manage to get the result.
If it’s actually loans they have given out, why are they taking debt? Any numbers to find interest rates? As mentioned in above video, their interests on debt taken is ~10%.
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